## 



## 

## 

## 



## 

|||Page|
|---|---|---|
|Trustees'<br>report||1-7|
|Statement ofTrustees'|responsibilities||
|Independent<br>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<br>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<br>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<br>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|||||||





## 

## 

|||||<br>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<br>Operating<br>Activities|||18,436|71,065|7,986||41,126|
|Cash flows from||||||||
|Investing<br>Activities||||||||
|Interest Received/Gains|||5,314|971|5,314||971|
|Increase/Decrease<br>in Cash <br>Cash Equivalents|and|17|23,750|?2,036|13,300||42,097|
|Cash and Cash Equivalents<br>beginning<br>ofthe year|at the||437,634|365,598|215,211||173,114|
|Total Cash and Cash Equivalents<br>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<br>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<br>resources||140,817|22,192|163,009|148,438|Allocated|on|
|(inc. pension)||||||time<br>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<br>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<br>oftangible assets||||
|Operating<br>lease rentals:||||
|Land and|buildings|||
|Auditors'|remuneration|||
|(Group)||2,700|2,700|
|(Charity)||1,600|1,600|



|The average number of|employees,<br>analys|ed<br>by functio|n,<br>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<br>p<br>emuneration<br>was:|ersonnel<br>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<br>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<br>funds||||||||
|---|---|---|---|---|---|---|---|
||||Movement|in Funds||||
|||Balance at|Incoming|Gains, losses||Balance at||
|||1Jan 2023|resources|and|transfers|31 Dec|2023|
|Permanent<br>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<br>ofnet move|ment<br>in funds|to net cash flo|w from operat|ing<br>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<br>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<br>of net cash flow to m|ovement<br>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|



## 

## 

## 

## 

##