2023-12-31-accounts

		Page
Trustees' report		1-7
Statement ofTrustees'	responsibilities
Independent Auditors'	report	9-10
Statement offinancial	activities
Balance sheet		12
Statement ofcash flows		13
Notes to the financial	statements	14-25

		PTC	PTC	PQB	Consolidated	Total
	Notes	Endowment	Unrestricted	Unrestricted	Funds	Funds
		Funds	Funds	Funds	2023	2022
Income from:
Courses			303,488	110,591	414,079	521,375
Interest			5,314		5,314	971
Total income			308,802	110,591	419,393	522,346
Publicity and promotion			15,890	15,021	30,911	29,548
Charitable activities
Courses			245,620	101,562	347,182	428,645
Total expenditure			261,510	116,583	378,093	458,193
Net expenditure/income			47,292	(5,992)	41,300	64,153
before gains on investments
Net loss/gain on Investments		47,186	8,573		55,T59	(70,240)
Net (expenditure)/income		47,186	55,865	(5,992)	9T,059	(6,087)
Transfer between funds
Net movement in funds		4T,186	55,865	(5,992)	97,059	(6,087)
Fund balances at 1 January		666,166	267,318	86,916	1,020,400	1,026,487
2023
Fund balances at		713,352	323,183	80,924	1,117,459	1,020,400
31December 2023

				2023
				Group			PTC
			Notes	2023	2022	2023		2022
Fixed Assets
Tangible assets			9
Investment			10	842,957	787,198	842,957		787,198
				842,957	787,198	842,957		787,198
Current Assets
Debtors				20,085	26,311	16,381		15,495
Cash at bank and in		hand		461,384	437,634	228,511		215,211
				481,469	463,945	244,892		230,706
Creditors:	amounts	falling	12	(206,967)	(230,743)	(51,314)		(84,420)
due within	one year
Net current	assets			274,502	233,202	193,578		146,286
Net Assets				1,117,459	1,020,400	1,036,535		933,484
Income funds
Endowment	funds		14	713,352	666,166	713,352		666,166
Unrestricted	funds			404,107	354,234	323,183		267,318
Total funds				1,117,459	1,020,400	1,036,535		933,484

			Group			PTC
		Notes	2023f	2022	2023		2022
Cash flows from Operating Activities			18,436	71,065	7,986		41,126
Cash flows from
Investing Activities
Interest Received/Gains			5,314	971	5,314		971
Increase/Decrease in Cash Cash Equivalents	and	17	23,750	?2,036	13,300		42,097
Cash and Cash Equivalents beginning ofthe year	at the		437,634	365,598	215,211		173,114
Total Cash and Cash Equivalents at the end ofthe year			461,384	437,634	228,511		215,211

		2023	2022
Short courses &E-Learning	(PTC)	303,488	384,216
Distance Learning courses	(PQB)	110,591	137,159
		414,079	521,375

		Activities	Support costs	Total	Total
	undertaken	directly		2023	2022
					f.
Short courses &		104,145	141,475	245,620	319,735
E-Learning
Distance Learning		50,833	50,729	101,562	108,910
		154,978	192,204	347,182	428,645

is ofsuppor	t and go	vernance cos	ts
		Support	Governance	Total 2023	2022	Basis
		F			F
Office costs (inc.		11,839	1,927	13,766	13,366	Allocated	on
Rent)						time
Human resources		140,817	22,192	163,009	148,438	Allocated	on
(inc. pension)						time Governance
Audit &Taxfees			3,300	3,300	3,300	Governance
Legal Fees			4,900	4,900	1,500
Recruitment	Fees		1,379	1,379	13,000	Governance
Market Research		5,850		5,850		Support
Donation					50,000	Support
Total		158,506	33,698	192,204	229,604

ance costs
		2023	2022
ONce Costs		1,927	2,236
Human Resources		22,192	22,753
Audit &Tax	fees	3,300	3,300
Legal fees		4,900	1,500
Recruitment	Fees	1,379	13,000
		33,698	42„789

		2023	2022
This is stated	after charging
Depreciation oftangible assets
Operating lease rentals:
Land and	buildings
Auditors'	remuneration
(Group)		2,700	2,700
(Charity)		1,600	1,600

The average number of	employees, analys	ed by functio	n, during th	e year w
	Group	Group	PTC	PTC
	2023	2022	2023	2022
Courses	2	2	2
Governance	1	1	1
Web 8 Promotion	1	1	1

		Group	Group	PTC	PTC
		2023	2022	2023	2022
		f.			F
Salaries (including	contractual	142,141	126,371	103,763	93,514
staff)
Social Security costs		10,281	10,035	7,505	7,426
Pension costs		10,587	12,032	7,729	8,904
		163,009	148,438	118,997	109,844

The key management p emuneration was:	ersonnel comprise th	e head ofthe	PTC group a	nd the tot
	Group	Group	PTC	PTC
	2023	2022	2023	2022
Remuneration	49,450	34,385	36,098	25,445
	49,450	34,385	36,098	25,445

			Group	Group	PTC	PTC
			2023	2022	2023	2022
Number	of	Trustees
reimbursed		expenses		Nil		Nil
during	the	year
				Nil		Nil

ents
			Group	Group	PTC	PTC
			2023	2022	2023	2022
Investments	listed		787,198	857,438	787,198	857,438
Purchase ofinvestments
Unrealised	gain/loss		55,759	(70,240)	55,759	(70,240)
Realised gain
Transfer
Market valuation		of listed	842,957	787,198	842,957	787,198
investments

s
			Group	Group	PTC	PTC
			2023	2022	2023	2022
			F
Amount	falling	due within one
year:
Trade debtors			18,757	23,581	15,578	13,870
Prepayments		and accrued income	1,328	2,730	803	1,625
			20,085	26,311	16,381	15,495

s: amounts falling d	ue within o	ne year
		Group	Group	PTC	PTC
		2023	2022	2023	2022
		E
Trade creditors		22,920	27,133	22,920	27,133
Taxation and social security		12,328	11,442	12,328	11,442
costs
Accruals and deferred	income	171,719	192,168	16,066	45,845
		206,967	230,743	51,314	84,420

14. Endowment funds
			Movement	in Funds
		Balance at	Incoming	Gains, losses		Balance at
		1Jan 2023	resources	and	transfers	31 Dec	2023
Permanent endowment		666,166			47,186	713,352
15a.Analysis ofgroup	net assets	between funds
		Group	Group
		Unrestricted	Endowment		2023	2022
		Funds	Funds
		f		F
Funds balances at 31
Dec 2023 are
represented	by:
Tangible fixed	assets
Investments		129,605	713,352		842,957	787,198
Current assets		481,469			481,469	463,945
Creditors: amounts		(206,967)			(206,967)	(230,743)
falling due within one
year
		404,107	713,352		1,117,459	1,020,400
15b.
		PTC	PTC
		Unrestricted	Endowment		2023		2022
		Funds	Funds
Funds balances at 31
Dec 2023 are
represented	by:
Tangible fixed	assets
Investments		129,605	713,352		842,957	787,198
Current assets		244,892			244,892	230,706
Creditors: amounts		(51,314)			(51,314)	(84,420)
falling due within one
year
		323,183	713,352		1,036,535	933,484
						Page	] 23

iliation ofnet move	ment in funds	to net cash flo	w from operat	ing activities
		Group	Group	PTC	PTC
		2023	2022	2023	2022
Net income/expenditure		41,300	64,153	47,292	50,487
Interest received		(5,314)	(971)	(5,314)	(971)
Depreciation oftangible assets
Increase/(Decrease)	in debtors	6,226	(2,578)	(886)	(424)
Increase/(Decrease)	in creditors	(23,776)	10,461	(33,106)	(7,966)
Net cash flow from operating		18,436	71,065	7,986	41,126
activities

ciliation of net cash flow to m	ovement in net f	unds
	Group	Group	PTC	PTC
	2023	2022	2023	2022
Balance at 1 Jan 2023	437,634	365,598	215,211	173,114
Net cash (outflow)/inflow	23,750	72,036	13,300	42,097
Balance at 31 Dec 2023	461,384	437,634	228,511	215,211

is	ofnet	fun	ds
						Group	Group	Change	in year
						2023	2022
A	Cash	at	bank	and	in	461,384	437,634		23,750
	hand
						461,384	437,634		23,750
						PTC	PTC	Change	in year
						2023	2022
						F	E
B	Cash	at	bank	and	in	228,511	215,211		13,300
	hand
						228,511	215,211		13,300