THE PROFESSIONAL TEACHING INSTITUTE
(An incorporated charity limiied by Guarantee)
REPORT AND CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
R¢gisl¢red Chariiy No. 1116224
Company No. 05910443

THE PROFLSSIONAL TEACHING INSTITUTE
REPORT AND CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEvfEMBER 2024
COFUENTS
Page
Reference and Administrative Inforrnaiion
Trustees. Report
Independent Auditor. s Report
14- 16
Consolilaled Statement of Financial Activities
17
Consolidaled Balance Sheet
18
Charity Bolance Sheet
19
Consolidaled Statement of Cash Flows
20
Noles io the Financial Statements

THE PROFES￿[oNAL TEACHING INSTITUTE
REFERENCE AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The direcioTS and chariiy Trustees (The "Tru5lees") of The Professional Teaching Instiiuie ('The wri") preseni Iheir
reporl logeiher with the auditcd financial slalemen15 of the charily for the year io 30 September 2024. The financial
staicmenls have been prepared in accordance wilh the accounting policies set Out in note l and comply with the Charily's
Memor(Indum and Arlicles of Associiilion, applicable law and the requirements of Ihe FRS 102 Chariiiets SORP. the
Companic's Act 21K)6 and Charilies Acl 2011.
Company and Charity details:
The Professional Teaching Institute
The Professional Teaching Inslilute is a registered chariiy numbered 1116224 and a company limited by guarante¢
numbered 05910441. The charilylcompany ch<inged its name from The Prince's Teaching Insiitul¢ lo The Prolessional
Teaching Insiilute with effeci from 24 July 2019. The company was incorporaied on 18 Augusi 2(K16 and effeLiively
commenced ils aciivilies on l January 2(K17. The company is regisiered in England & Wales and ils registered office is
14_15 Lower Grosvernor Place, London, SWIW OEX.
Royal Founding Patron:
HM The King
Honorary President
Sir Harvey McGralh
Directors and charity Truslees
who served during the year
Keith M Breslduer (Chairman)
John Grcenshields
Rilj Kumar (resigned l May 2024)
Julie Mercer
Baroness Sally Morgan of Huyion (rL'si¥ned I l December 2024)
RiLhard Sheriff OBE
Company Secretary
Claire Cl<irk
Co-directors
Carolyn Roberls
Dr Hugh Rayment-Pickard MBE
PTI Edueation Ltd
The charily eslablished a Irading subsidiary, PTI Education Lid on I l Augusl
2016. It is a company Limited by shares numbered 10353080 and is regisiered
in England & Wale5. Ils regisiervd office is 14_15 Lower Grosvenor Place,
London. SWIW OEX
Auditor
Haysmac LLP
l O Queen Streei Place
London
EC4R IAG
Legal advisors
Farrer & Co
66 Lincoln's Inn Fields
London
WC2A 3LH
Penninglons Manches LLP
125 Wood Street
London
EC2V 7AW

THE PROFESSIONAL TEACHING INSTITUTE
REFERENCE AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 30 SEIryEMBER 2024
Financial advisors
CCLA Investment Managemeni Ltd
Two Filzroy Place
One Angel Lane
London
EC4R IAB
Bankers
HSBC Bank plc
69 Pall Mall
London SWIY SEY
Principal address
14-15 Lower G05venor Place
London
SWIWOEX
The foregoing legal and adminislralive informalion is correct as at 3 February 2025.

THE PROFESSIONAL TEACHING INSTITUTE
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Objectives, activities and public benefit
Objectives
The PTI is committed to improving Ihe educaiion ofchildren in 51ate schools in England and Wales. Working in
parinership with the University of Cambridge. il aims lo inspirL' leachers lo give young people aspiration and
Iransformalive subject experiences.
The Trusiees are pursuing Ihis objeci by working with school teachers io..
Promote inspiring subject teaching.. Working wilh eminent academics and speakers. The PTI re-igniies
l¢achers' passion for iheir subject and promoles Ihc idea Ihai subjeci rigour is esseniial for cffeclivL le<iLhin8 to
hildren of all abilities, as opposed lo concentraling only on examinaiiun specifications. Through rc-igniling
teacher ambition, Sludenl aspirations are raised in turn.
Maintain standards of school subject provision.. The ]ryl work5 with schools 10 ensure Ihal Ihey make
rigorous curriculum chi)ices, avoiding "easy choiccs" Ihal re.suli in children not recLiving a good grounding of
knowledge for life. It cncourages teachers lo teach beyond Ihe lesi, iniroduce more subjecl-based exlra-
urricular aciivilies, increa.se Ihe amount of subjeLI-based Iraining received by staff in dcparlmenls and bcc(Ime
involved in morL 5ubject-based nelworks ouisid¢ school.
Activities
The FTI helps leachers 10 learn from Ihe cxample of thc best of Iheir pecr.s and Icading academics and cxperls, li works
wilh school leaders ai secondary and primary levLls and aLross Ihe following subjLcis'. English, Hisiory. Geography,
Maihem411iCS, Science, Mudern Foreign Languages, Art.Music, Physical Education and Design & Technology,
L£ader3hip Programme and Leadership Residenlials
Members olschool leadership teams join The Leadership Programmc lo focus on whole school leadership lo drive
and suppori the improvement of education for all children regardless of background or ability. This is achieved through
three key Ihemes.. Eihos, Curriculum and People & Inclusion. The programme concludes wilh an ()nline one lo one
r¢view which will determine Ihe award of The vri Leadcrship Mark for display at school. use on school sliilionery and
on their websiie. Induction is often via a School's Hi'adteacher attending the Primary or Secondary Leiider5hip
Symposium. This is a two day residential conference for Headteachers and MAT system leaders thai providLS a forum lor
refleciion on issues aboui school leadcrship.
Pariicipanls in Ihe Secondary Leadership Symposium are inviled to conlribule to The ￿l'S series of books on school
leadership. The first book is called Well Educaied.. Leadirts schools with wonder, joy and wisdoni which will be
published by Routledge in Autumn 2025.
The Department Development Programme and Subjeci Enrichment Residential
The Department Development Programme is an ongoing prolessional development paihway for subject leaders. It is
built from a nalional nelwork of Subject leaders seeking lo make the g￿les1 impact within their schools. Members of the
Programme develop leadership approaches aimed al supporling effective teaching and learning within Iheir deparlm¢nt.
The Fri team supports school departments over the academic year to:
Develop a challenging, innovative and enriching curriculum:
Provide greater challenge and depth in the curriculum.
Improve teacher confidence and subject knowledge. and
Increase Siudent enjoyment and subjecl Uplake

THE PROFESSIONAL TEACHING INSTITUTE
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Those suceessfully completing the prograrnmme achieve The vri Mark wilhin their department for displÉly ai school, use
on school stationery and on their website. Every year deparlmenls displaying the most progress are nominal¢d for the
Bernice Mccabe Award. After discussion by a panel of distinguished judges. visits are undertaken lo the top three
deparlments, E4nd the Award is given to the winner al The vri's VIP Dinner.
Induction onto the Programme is via a Head of Department, or delegated representative, atlending a Subject Enrichmenl
Residential. The residenlials are three-day resideniial events where lop academics join teachers 10 re-inspire them and
provide a stimulating introduction to the Subjeci Leadership Programme. During the Subject Enrichment Residential,
delega￿ can choose wheiher they wish their deparlments to opl into the Department Developmeni Programme.
Continuing Professional Development
CPD ¢onsi515 of..
one.day Subject Days, run by leachers, with adminislralive help from The IYI office, which bring delegates
into contact with experis in a given topic and give Ihem a forum to con.sider inspiring ways to bring the lOPiC to
life in Iheir Llassrooms.
Online Courses typically held afier school hours. led by leachers. For some courses, delegales are required (o
have listened lo a pre-recordcd leciure prior to the seminars. and the online seminars are used io discuss leaching
approaches 10 the topics in hand. Oiher courses have a "live" lecture from an emineni speaker followed by
queslions and answers.
New Teacher Subjeci Days
These courses of four Salurdays during the year are designed for school-based teacher trainees, and Early Career
Teachers. Each Saturday considers a different topi¢ in Ihcir subject and consists of a mixture of lectures and workshops
run by FTI TLacher LeadLrs. During the course P4)rlicipants are required lo develop a Learning Resource that will bc of
use nol jusl for thcin bul also for oiher members of their departmenis ai sLhool. Teachers who produce the mosl
accomplished Learning Resource are awarded a Marlin Roberls Prize.
Middle Leader Ceriificate.. Curriculum Design
The Middle Lcader Ceriifical¢ is a personal accredilation course aimed at dcveloping aspiring and eslablished subject
leaders Ihrough Ihe design and delivery ol challenging schemes of work and how Ihese are arranged within a cU￿1cUlum.
Develop inspiring lessons and sirengthen your subjeci leadership. The Middle Leader Certificaie enables teachers 10:
Aiiain a personal ac¢rcdilalion
Gain expertise leading teaching & learning
Build Iransformative classroom praclices
Develop cross-phase long term planning
Design & develop challenging schemes of work
Enhance subject knowledge & siudent experience
Aitend online tutorials & receive support
This course consists of two modules. a micro module and a macro module, which can be completed in any order. Each
mixiule lakes two terms to complete. The micro rnodulc focuses on the design, delivery and reflection of a challenging
scheme ol work. The macro module concentrales on curriculum design in the form of long-ierm planning across ai least
two key stages.
Public benef
The vri is commit*d io improving the education of children in stat¢ schools in England and Wales.

THE PROFESSIONAL TEACHING INSTITUTE
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEwfEMBER 2024
The Trustees considervd ihe Chariiy Commission's guidance on Public Bencfil. including the guidance "public benefit:
running a charity (PB2)"
when Teviewing the charily's aims and objeclives. in adminisiering ils activities during Ihe year
and in planning ils fulure aciivilie5. They believe Ihat the charity's aciivilies demonsiraie Ihe benefit derived by the
nation's children.
The FTI already has a significant impaci on disadvantaged young people through Ihe teachers and schools we work with.
Pupils facing disadvantage are nol only those likely lo suffer worsi where subject teaching is not strong, they are also
those who benefit most from The PTI'S work. The Education Endowment Foundation, puis Ihis succinctly. Supporting
high quality leaching is pivolal in improving children's oulcomes. Indeed, rcse<irch lells us thai high qualily teaching can
narrow the disadvaniage gap., As parl of our five-year plan (202.3_28) we aim lo extend our work io impaci each year on
250,O¢K) young people facing disadvaniage.
The lryl's activities are open 10 all leachcrs. For teachers from slaie schools, modL'st charges are madc for Prograrnmes
affiliation and for PTI evenis which do not covcr Ihv c051s of providing Ihe services. ThLsv charges defray immediale
COSts and help incentivise leachers io nol withdraw from the courses al shori notice. A significanl numbcr of courses are
now conduclLd online and afier school. furiher facilitaiing access for teachers.
Inclusion and Diversity
Ai The PTI, we sirivc io create an inclusive culture that is welcoming, acce.ssiblL and supporlive lo leachLr%. donors and
FrI empli)yees from all backgrounds. Our Inclusion and Diversity Forum looks ui issuLs relatin8 10 inLlusion and
diversiiy within The PTI siarr leam. W¢ seek 10 build subjLCt ieams (hai embrace, celebraie and represeni Ihe divLrse
lalenl within the leaching profession and broader socieiy. We 5eck ways 10 advocal¢ f<)r a diversL and inclusive teaching
profession and u%¢ our dLvelopmeni offer lo promote career opporluniiies for every leaLher. Wc educate our workforce
10 improve our undersliinding of barriers faced by partiLular groups so Ihai all areas of our organisation work logLlher to
removL these barrier5 for our leachers and slakLholders. We champion divcrsily in our LommuniLaiions.
Achievements in 2023124
Context andprioritiesfor ¢he year
The charity enjoyed signtficanl growih in the first year of its new five-year siralegic plan. The ovvrdll numbcr of schools
increased from 430 to 664. Primary Hubs schools were up from 140 10 .199 and Primary Hubs up from seven lo 20. In-
person CPD aiiendance in¢Teased from 104 10 146 and attendance al Subject residentials al Cambridge and York were up
from 104 10 128. Overall leacher numbers rose from 3918 to 4324. Direcl leacher engagement was Ihe largesl in The
FryI's history (excepiing the COVID years, when numbers were inflated by online altendances.)
The charity conlinued to increase ils f￿uS on di5advanlaged pupils, serving I10,O(K) pupils on free school meals. We
aim lo double this number by 2028. We extended our reach inio high-need communilies such as Teesside, Grealer
Manchester and Leeds. We esiablished a new base for vrI activities in Ihe north of England in partnership wilh The
University of York.
Subject Ennchment Residentials
We ran two subject enrichmeni resideniials during Ihe year covering eighi subjects:
June 2024- The Universiiy of York for 67 Heads of Deparlmeni in History. Geography. English and MFL
July 2024.. Downing College Cambridge for 61 Head5 of Department in PE. Design and Technology. Maihs and
Science.
92 % of allendees said thal they fell 'more reinvigoraled and more exciled aboul leaching and Ihe leaching profession.
and 95% believed 'that within six months this approach will be having an impact on my pupils. In their feedback
teachers spoke about the depth of impact. It has taken me back the basics of teaching and what is importanl. It has
shown ihe importance of collaboration and sharing ideas and best practice. Whether you are in your first year of leaching

THE PROFESSIONAL TEACHING INSTITUTE
TRUSTELS? REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
or 20 years in. we are always learning and developing. It was a nice reminder 10 us all why we chose this PTofession.'
'The PTI residenlial has been, by far, the besi CPD and ongoing programme that I have engaged with in my 7 years of
leaching.
The Bernice Mccabe Award
In memory of The PTI'S founding Co-Direcior and former Headmisiress of North London Collegiaie School. Bernice
Mccabe. we ins(igaled the Bernice Mccabe Award in 2020. This award, worth £5,000 10 the winning department,
celebrales the work of the besi departmeni in our Subjeci Leadership Prograrnme. The Geography Departmeni al St
Edward's College, Liverpool won the Bernice Mccabe Award during a ceremony al Bulchers, Hall. London in March
2024. Si Edward's College was nominaied for culiivaiing a community of Geographers who enjoy and engage wilh the
discipline in everyday silualions promoting geographical idenlily boih ouiside of the classroom and outside of the school
day. This has been achieved through a diverse array of aclivities which conlribuie to a cumulative geographical elhos.
collaboraling wilh a range of external agencies.
Previous Bernice Mccabe Award winners have been..
2020: Claire Brown, Music: Mounis Bay Acaderny. Penzance
2021.. Jack Cockayne, Geography.. Broadway Academy, Birmingham
2022: Richard Jagger. Mathematics: Leeds We8t Academy
2023: Hannah Lees, Geography: Thomas Tallis School, London
Primary Impact Award
Calsiock Community Primary School in Cornwall won Ihe inaugural lryl Primary Impaci Award al a ceremony al
BulchL'rs' Hall, London in M￿ch 2024. The vri's PTimary Impact Award promote5 and celebrates excellence in primary
leadership, recognising primary schools thal pul qualiiy subjccl teaLhing ai ihe hearl of the classroom. Calstock
Community Primary School was nominaled foT ihe journey the school has made 10 innovate and improve the leaching of
geography across the school and federalion. To achieve ihis Ihe school initialed. delivered and field-tested a redesigned
Geography curriculum. Calslock Community Primary School is located in a relatively remoie and rural parl of Cornwall,
welcoming childrLn to a community of learning wilh a culiure of high expeclalion and aspiraiion where all effort and
achievcmenl, in any arca, is valued.
School Leadership Symposium
We ran a successful School Leadership Symposium al Fanhams Hall in February 2024 with Primary and Secondary
streams running concurrently, and 58 Headieachers were pleased to have Ihe opporlunily to discuss issues of CU￿1cUluM
across primary and secondary phases. The evalualions were exir¢mely p05ilive'. l 00% of attendees found Ihe residential
a valuable experience and 100
said Ihal aiiending would have an impact on their School,
New Teacher Subject Days courses
131 secondary Early Career Teachers (ECT5) were booked on our courses al centres in London and Manchester.
Feedback was extremely positive with 98% of delegates saying they had found the course valuable. We awarded 12
Marlin Roberts Prize5.
CPD Days
This year we ran 9 CPD days across five different subjects. We had 116 leachers altend a CPD day over the year,
representing 97% of bookings. The days were very well received wilh 98<% agreeing that they were a valuable
experience.

THE PROFESSIONAL TEACHING INSTITUTE
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEIYEMBER 2024
Primary Hubs
Our Primary Hubs network continued to grow to thirtevn hub5 by the year end, increasing the numb¢r of schools engaged
from 140 10 399. 808 teachers allcnded a primary hub day or online event in 2023_24 with 98% reporting that attending
the course will have an impacl on pupils. The expansion of Prim<iry Hubs is al Ihe cenire of our new five-ycar strategy.
Online courses
This year we ran 40 online courses across l O different subjects. The courses were very well received with 95
agreeing
thai Ihe course was a valuablc experience. We had 744 leachers atiend an online course - 145 more Ihan last year.
Department Development Programme
The DDP had a successful year culminaiing in our firsi Fesiival Day held at Friend8 House, Euston. 142 PTI marks were
awarded. Feedback from leachers emphasised the 'many practical ideas tu lake 10 my classroom as well as ideas for CPD
sessions lo support my dcparlmenl. As always. The wri sessions offer relevant and practical ideas lo lake back to
sch()ols, as w¢ll as offering importanl discussion lime wilh oihLr teachers.
Teacher Leader Certificate
This year we have piloted Ihe Te(Icher LL'ader Ccriificale. a personal accrvdilalion Ihal is awardLd lo aspiring leachLr
leaders in reLognilion of their work in dLsigning ch(Illenging, inspiring CPD evenls which reflect The vri's
principles and objectives. We had six leachLrs enrollcd on Ihe inaugural course.
Ambassadors
We ar¢ delighted lo welcorne four new PTI Ambassadors:
Rosie Galligan is an English rugby union player. She is a member of Ihc England women's national rugby union
team and plays for Saracens al club ILvel. RosiL spoke al our Cambridge PE rcsideniial in 2024.
Jeffrey Boxkye is an ex-teacher turned wriier. speaker and educator, known for weaving iogeihcr Lomplex issues
of our limL in an acccssible and engaging way. With a particular inieresl in issues surrounding race, masculinilyl
education and popular culture, Jeffrey uses his charisma, ¢nergy and lalenl for the spoken and writlcn word to
write and educate. Jeffrey spoke at our 2024 York English residential and will be speaking ai our Leadership
Symposium in February 2025.
Bobby Seagull is a maihemalics teacher, broadcaster and wriler. In 2017 he was captain for Emmanuel College,
Cambridge's University Challenge team and in 2018 hosted Monknian & Seagull's Genius Guide lo Brilain. His
second book, The Life-chaiising Magic of Niinibers, was published in 2018. Bobby attended our Cambridge
residential in 2015.
K¥ddiatu Kanneh-mason is a forn]er lecturer in English at The University of Birmingham. Her memoir, Hoiise of
Music.. Ratsing ihe Kaiineh-masons, won the Royal Philharmonic S(Kiely's Sioryielling Award. Kadiatu has
seven children, all of whom are classical musicians.
Fundraising
We are regislered with the Fundraising Regulalor and commit to our fundraising being legal, transparent, respeciful and
meeting the standards set in Ihe Fundraising Code of Praclice. We also ensure Ihal nobody who appears lo be vulnerable
is asked to commit lo giving. Fundraising is carried out by Ihe Head of Fundraising assisied by the Developmeni Co-
Ordinator. The charity is immensely grateful to its loyal communiiy of supporters who give generoulsy to sustain our
work.
While Ihe PTI has a complainls policy published on our web51te, in the year under review we received no complaints.

THE PROFESSIONAL TEACHING INSTITUTE
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEvfEMBER 2024
Financial commentary
Income, expenditure and movements in funds
Toial income for the year was £1.244k (2022123.. £1.171k) and total expenditure was £1,538k (2022-23: £1.465k), and
af￿r gains on fo￿ ign exchange and investmenis. total funds increased from £4.181 k 10 £4,390k.
Excluding movements in endowment funds. ioial income during ihe period under review was £1,244k (2022123:
£1.173k) and total expendiiue £1.538k (2022-23: £1.465k).
No furiher donaiions io the Teacher Training Fund were expected or received duTing Ihe year under review. The fund is
an expendable endowment fund Ihat is both capilal and income, P4nd the maximum drawdown per annum is 4
of the
value of ihe fund on 31 si December of Ihe financial year in question. On 31 si December 2021 the fund was valued at
£1,625.559, making £145.022 available. which has been drawn down. Together with income. managemeni charges and
gains on investrnenls. Ihe endowmeni fund increased 9.9
10 £3,652k (2023: £3,323k).
Following this drawdown, Ihe charily posted a shorifall on unrestricted funds of £119k for Ihe year under review
(2022123: surplus of £163). Voluntary income wa5 £856k (2022121.. £760k, 2021122- £919k). Voluniary income in
2021122 was boosted by the carry-forward of £191 k of unspent funds from Ihe COVID lockdown period.
Income from charitable aclivitiLs was £348k {2022123.. £380k). Primary Hub and Secondary school afflialion fees were
£IOOk (2022121: £3 Iok).
Overall expendilure was £1,518k (2022123.. £1,465k). Direct Costs of charitable acliviiies was £450k (2022121: £424k).
Support Losls of Lharitable aclivilies. including salaries, general office and governancc costs, increased to £948k
{202212.1.. £901k).
Wages and salaries increased by 7% from £708k 10 £758k owing to staff promoiion%, pay increases driven by inflation
and Ihe increase from 14.4 10 14.6 FfEs.
Expenditure on raising funds (including salaries but excluding invesimenl management fees) remained subslanlially the
same as the previous ycar at £140k (2022123: £138k).
At the year-end the Nel Assets of (he charily tolalled £4,390k (2022123; £4,181 k). Unresiricted reserves stood at £738k.
The Trustees consider that the financial results rcpreseni a saiisfactory oul-turn,
Reserves and Inves¢ment Policies
The Fryl's minimum reserve and liquidity policies are to have three months. normal operaiing expendiluTe as cash in
hand accessible immediately (fhis is currently approximately £345k).
However. Ihe Trusiees recommend having ai Ihe beginning of the financial year accounting reserves al a sufficieni level
to provide School Leadership and Deparlmeni Development Programme services for 12 monihs lo schools affilialed io
our programmes. This is approximalely £730k, and wilh unre5tricied reserves ioialling £738k ai the year end. Ihis
objective has been comfortably met. The Trusiees consider il prudent to be in this position, in Ihe light of continuing
pressure on school budgels for continuing professional development and the challenging fundraising environment. In
addition. Ihis level of reserves would cover liabilities in the event of the charity ceasing trading.
With Ihe Teacher Training Fund at £3.7m at the year end, and with a maximum of 4
of ils 31 December value io be
drawn down per annum. the majoriiy of the fund is for use in Ihe medium and long lenn. The fund is invested by CCLA
on a discretionary basis in the COIF Charilies Eihical Investment Fund. Thi5 fund complies with ihe charity's ethical
inveslmeni policy.

THE PROFESSIONAL TEACHING INSTITUTE
TRUSTELS, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Funders and contributors
The Trus*es record Iheir thanks lo all The Fri's donors and 5upporlers - boih large and small - for Iheir coniinuing
suppori. and the staff and volunteers who have worked exlremely hard to achievL another successlul year for the chariiy.
Future plans
In 202.1124 we compleied Ihe first year of a five-year slraiegy agreed by ihe Board in July 2023. The Strategy aims to
increase and iniensify The PTI'S impact on the quality and strengih of classroom leaching on young people. There is a
new focus on increasing the proporlion of disadvaniaged pupils and on extending our geographical reach into under-
served regions. This will significantly increase ihe number of young peoplc impacted, and schools and (eaLhers served.
A ceniral pillar of the strategy is the developmenl of our work with Primary Schools, increasing our Primary Hubs 10 I IX)
by 2028. We will also enhance our core offer by ensuring sustained, long-iemi support for teachers. As parl of an
inLreased accounlabiliiy 10 all our slakeholdvT5. we will devclop our impacl mcasurement and reporting lo provide Ihe
very besl evidence for the imp4iLI of our work on .sLhools, leachers and young people. Alongside this, w¥ will seek io
amplify our voice and promoic great education Ihrough influencing, iidvocacy and conversations within Ihv sector.
Structure, Governance and Management
Governing documenl and membership
The PTI is a registered company limited by guaraniec not having a sharL' Lapilal. The comp&iny was incorpor¢iled on 18
August 2006 and el'feclivcly cominLnLed Irading on l Jlinuary 2007. For Ihe limL being thL m¢mbLr,s ot IhL company arc
the Trustees, all of wh()m havL signed a SlalemLni pledging lo coniribuie £ l io the funds ()f the L()mpany in Ihe evcnl of it
being wound up and there being an in.sufticiency of funds.
The company's governing documenl is Ihe Ariicles of Associalion (2019) which replaced the Mcmorandum and Articles
(2006) 10 include Ihc following ch4nges'.
To change of name of the charily from 'The Prince's TeaLhing Insiilule, lo 'The Professional Teaching Inslilule;
To update provisions rel(Iling lo truslee bcnvfils and conflicis of inleresl. These now rcflLLI modern governance
prac(ice and the Charity Commission's published 8uidance: and
To change the iillc of the Presideni io 'Royal Founding Palron,,
Recruitment, appointment and induction of Trustees
The Trustees of Ihe charity are also directors of Ihe company for the purposes of company law. The number of Tru51ees
may nol be less Ihan three or more Ihan ien.
All the Tru51ees are Elected Trustees and are appointed by either the members of Ihe company in a general meeting or by
the Trustees themselves.
As and when required, addiiional Trustees are appoinled afier a review of (he skills and experienLe represented on the
Trustee body.
New Truslees receive an induction briefing aboul Ihe Charity's operaiions. Trustees are briefed aboui changes 10 relevanl
egislation and regulatory fratnework5.
Chair
The governing document provides for the Truslee5 lo appoint a Chairman from among their number. K'ihiel (Keith)
Breslauer was appointed unanimou51y as Chairman by his fellow Trusiees.
io

THE PROFESSIONAL TEACHING INSTITUTE
TRUSTELS, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER J)24
Membership of the Trus¢ee body
The current Trustees are listed on page 2 of this Rcporl and have served for the year under review except where
indicaied.
Organisational structure and decision-making process
Royal Founding Patron
The Trustees record with gratilude the continuing support of HM The King and his staff.
Trustees
The Trusiee body administers The FYI. Il mei four limes during the period under review. Wilh Ihe exceplions listed in
Note l 3. at no lirne during Ihe year did any Trusiee have a beneficial interest in transactions with the charily.
The Trustees have Ihe following standing commitlees..
the Execulive Committee whose purpose is to monilor Ihe on-going business of Ihe charity
Ihe Academic Commiiiee whose purpose is lo direct The ￿l'S academic straiegy.
(he Development Commiiiee, whose purpose is to assisi Ihc charity wilh fundraising
the Remuncralion Commitlee whose purpose is to monilor siaff salarie5 and consultants. fees
Organisalion
For (he year under review the chariiy had Iwo Co-directors: Hugh Raymcnt-PiLkard manages day-to-day operations of
The PTI and Carolyn Roberls, former HLadteacher of Thoma% Tallis School, leads academic policy. They were assisted
by I I full-lime employees and three part-time employees. AcadLmiL activities are led by a group of praclising leachers
acting ds consultan15. Claire Clark has a¢led as Company Secrel<iry.
Key Management Personnel
Key rnanagemenl personnel consisl of the:
Full-lime Co-Director
Ac(Idcmi¢ Co-Dircclor
Chief Operating Officer
Head of Fundraising
Head of Educational Slralegy. School Development and Membership
Head of Core Programmes
In line with all PT[ staff, their remuneration is reviewed Iwice a year by the Remuneralion Commiiiee.
Internal Controls
The Truslees are responsible for the management of the risks faced by the charity with particular reference to inlemal
controls and ihe miligalion of risk. The Trustees actively review the risks faced by the Charity on a regular basis and have
put in place systems and procedure5 10 identify and miiigale the major risks so far as is possible.
The key conirols used include..
Formal agendas and minutes for meeiings of the Trustees and the Board committees
A slalement of matters reserved to the Trustees
A formal Risk Register, reviewed on a regular basis
Established organisalional and governance structure and reporting lines

THE PROFESSIONAL TEACHING INSTITUTE
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Trusiees recognise thai sysiems can only provide reasonable, and not absoluie. assurance Ihai major risks are being
adequately managed.
Risk and Miligation
Ai each meeling, the Trusicus review the risks lo which Ihe Lharity is exposed and they havc pul in place systems which
minimise the exposure lo these risks and miligaie Ihe polenlial Ioss that might arise from them. Addilionally. a tornial
Risk Register is in place, which is reviewed annually.
Currenlly, the Trustees have identified Ihe followin8 three most significant risk5 to ihe charily:
Fundraising uneertainty. Whilst The iyri's don()rs have staycd .%leadfasl, the economic uncertainiies and
gl()bal inslabilily make predicting future fundraising challenging.
Pre&sures on school budgets. Under funding pressure, SLh()ols may choosL lo reduce Iheir spL'nd on training.
S¢a¢ement of Trustees, Responsibilities
The Trusiees (who are also Direclors of The Professional Teaching Insliluie for the purposes of company law) arc
responsible for preparing Ihe TrusiLes' Repori and Ihe finanLial siaiements in accorddnce wilh applicable law and Uniled
Kingdom Accounting Siandards (UniiLd Kingdom GenLrally ALcepicd Accouniing Praclice).
Company law requires ihe TruslL'es 10 prepare financial slalemLnis for cach finanLial year which give a true and fair view
of Ihe slalL of aftairs of (he charilablc Company and Ihv group and of Ihe inc()ming rL.%ources and applicalion of
resources, inL.luding Ihv incom¢ and expenditure, of the charitable CoTnpany and group for that period. In preparing IhLse
financial slÉilemenls, the Truslees are required io..
select suitable accounling policies and ihcn apply them consislenily:
observe the meihods and principlLs in Ihc ChariliLS SORP:
make judgemenis and eslimales Ihai are rc&8()nablL (Ind prudent.
State wheiher appliLable UK Accouniing stiindards havL b¢¢n followed. subject lo any maierial dcparlures disclosed
and ¢xplained in the financial Slalemenls; and
prepare the financial siaiemenls on (he going concern basi5 unless it is inappropriaie io presumc thai the Company will
conlinue in bu,siness.
The Truslees are responsible for keeping proper accounling records which disllose wilh reasonable accuracy at any time ihe
financial posilion of (he Company and group and lo enable Ihem lo ensure Ihat Ihe financial 51alLmenls comply with the
Companie5 Acl 2(K)6. They are also rcsponsible for safeguarding the assels of (h¢ Company and group and hence for taking
reasonable Steps for the prevention and deieclion of fraud and other irregularities.
In so far as we are aware:
There is no relevan( audit information of which ihe charitable Company's auditor is unaware. and
The Trustees have iaken all steps Ihal they oughi lo have lakLn lo make themselves aware of any relevant audit
information and to esiablish that the auditor is aware of that information.
Auditors
On 18 November 2024 ihe company's auditor changed its name from hay5macinlyr¢ LLP io Haysmac LLP. The
Charily's audilors, Haysmac LLP, hav¢ express¢d a willingness lo coniinue in office and a Tesolution proposing their
reappointment will be pui lo the members in accordance with Ihe Companies Aci 2006.
This report has been prepared in accordance wilh Ihe Statement of Recommended Practice Accounting and Reporting by
Chariiies SORP 2015 (FRS 102) (Second Edition, effective l January 2019) and in accordance with the special provisions
of the Companies Act 2(K)6 relating to small entities.
12

THE PROFESSIONAL TEACHING INSTITUTE
TRUSTEFS, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
By order of th
ustees
' Ihiel (Keilh) Bre
Chairman
uer
Date: 3 February 2025
13

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE PROFESSIONAL TEACHING
INSTITUTE
FOR THE YEAR ENDED 30 SEwfEMBER 2024
Opinion
We have audiied ihe financial 51alements of The Professional Teaching Insiilute for Ihe year ended _30 Sepiember 2024
which comprise ihe Consolidated Sialement of Financial Aclivilies, Ihe Consoltdated and Pareni Charitable Company
Balance Sheels. the Consolidated St(Itemenl of Cash Flows and noies lo Ihe financitil slalernenls, including a summary of
significani accounting poliLies. The financial reporling Iramework that has been applied in their preparaiion is appli¢ablL'
law and Uniled Kingdom Accounling Siandards, including Financial Reponing Standard 102 The Financial Rvporling
Standard applicable in the UK and Republic of Ireland (Uniled Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statemenis..
give a true and fair view of the stale of the group's and of Ihe parent charilable company's affairs as al 30
September 2024 and of Ihe group's and parcni charitable company's nel movemenl in funds. including ihe
income and expenditure, for the year then ended.
have been properly prepared in aLcordance wilh United Kingdom Generally AcLepled Accouniing Practice; and
have been prepared in accordance wilh the requirements of Ihe Companies Aci 2(K)6.
Basis for opinion
We conducicd our audit in accordance wilh Inlernaiional Standards on Auditing (UK) (ISAS (UK)) and applicable law.
Our responsibililiLs under those standards are luriher dcscribed in the Audiior's responsibiltiics for the audit of Ihe
financial slalemenis seLlion of our reporl. WL are independeni of the group in siccordlince wilh Ihe cihical requirements
Ihat are relevani io our audil of Ihe financial Slalvmenls in the UK, including Ihe FRC'S Ethical Siandard, and we have
fulfilled our other eihical responsibililies in accord41nce with these rvquircmenls. We belicve thai Ihe audil evidence we
have obiained is suffiLient and approprialL lo provide a ba.sis for our opinion.
Conclusions relating lo going concern
In audiling Ihe financiul siaiLmenls, we have concluded thai Ihe Iruslees, use uf Ihc going concern basis of accounting in
the preparation of Ihe finanLial siaiernenls is appropriate.
Based on the work wc have performed. we have noi idenlificd any malerial unceriainiies Telaiing 10 events or conditions
Ihat, individually or Lolleciively, may casi significant doubl on the group's abilily to coniinu¢ as a going Loncern f()r a
period of ai leasl IwLlve months from when Ihe financial Slalements are auihoriscd for issue.
Our responsibilili¢s and Ihe responsibililies of the Iruslees wilh respecl lo going concern are described in Ihe relevani
sections of Ihis report.
Other informalion
The Truslees are responsible for Ihe other information. The olher information comprises the informalion included in Ihc
Trustees, Report. Our opinion on the financial statements does noi cover the other information and, excepi lo Ihe exlenl
otherwise expliciily slaied in our report. we do not express any form of assurance conclusion thereon.
In conneciion with our audil of the financial slalemenls, our responsibility is lo read Ihe other informaiion and, in doing
so, consider whether Ihe oiher informaiion is materially inconsislenl wilh Ihe financial staiemenls or our knowledge
obiained in the audit or otherwise appears to be malerially misslaled. If we identify such material inconsistencies or
apparent material misslatemenis, we are required to deiermtne whether Ihere is a material misslalemeni in Ihe financial
stalements or a material misstatement of Ihe other informaiion. If, based on the work we have performed. we conclude
Ihal there is a material miss¢aiemeni of this other information. we are required to report thai fact. We have nothing to
reporl in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in Ihe course of the audit:
the infonnation given in the Trusiees. Report (which includes Ihe directors, report prepared for the purposes of
company law) lor the financial year for which the fInancial slaiemenls are prepared is consisieni with the
financial statements. and
Ihe direclors. report included wiihin the Trusiees, Report have been prepared in accordance with applicable
legal requirements.
14

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE PROFESSIONAL TEACHING
INSTITUTE
FOR THEYEAR ENDED 30 SEPTEMBER 2024
Matters on which we are required to report by exception
In the lighl of the knowledge and understanding of the group and Ihe parent ¢haril¢ible company and ils environment
obiained in the course of the audit, we have not identified material missialemenis in the Truslees. Repon (which
incorporales the direclors. report).
We have nothing lo repori in respeci of Ihe following mallers in relation to which the Companies Acl 2006 requires u5 10
report to you if, in our opinion..
adequate accounting records have nol been kept by the parent chariiable company; OT
the parent chariiable company financial statements are noi in agreement wilh the accounling records and relurns;
or
certain disclosures of Trustees, remuneration specified by law are not M￿le., or
we have not received all the information and explanations we require for our audil. or
the Trustees were not eniiiled to prepare the financial slatemenis in accordance wilh the small companies,
regime and thke advaniage of the small Lompanies. exempiions in preparing the Trusiees. repori and from the
requiremenl lo prepare a slraiegic r¢pori.
Responsibilities of Trustw for the financial statements
As explained more fully in the Trustees, responsibilities statemenl set out on page 12, Ihe TTUStees (who are also the
directors of Ihe charitable company for the purposes of company law) are responsible for the preparalion of the financial
siaiemenls and for being S&ltisfied that IhLy give a true and fair view, and for such intcrnal control as the Truslees
delermine is necessary 10 enable thc preparalion of financial statcmenls (hai are frc¢ from material misslatemeni, wheiher
due lo fraud or error.
In preparing Ihe financial slalemenis, thL Trustces are responsible for ossessing the group's and Ihe parent charitable
company's ability 10 continue as a going concern, disclosing. as applicable, matlcrs relaled to going concern and using
the going concern basis of accounting unless Ihe Trustees either intend io liquidaie Ihe group or the parent chariiable
company or lo cease operalions, or have no realistic alternative but io do so.
Auditor's responsibilities for the audit of the finaneial statements
Our objectives are to obiain reasonable assurance about whether the financial slalemenis as a whole are free from
material misslulemenl, whether due to frdud or error, and lo issue an auditor's report Ihat includes our opinion.
Reasonable assurance is a high level of assurance, bul is not a guarantee (hat an audit conducted in accordance with ISAS
(UK) will always delecl a material misslalement when il exists. Missiaiemenls can arise from fraud or error and are
considered material if, individually or in the aggregate. Ihcy could reasonably be expected io influence the economic
decisions of users iaken on the basis of Ihese financial statemenls.
Irregularities, including fraud. are instances of non-compliance wilh laws and regulalions. We design procedures in line
wilh our responsibililies, outlined above, to delect material mi5slaiements in respect of irregularilies. including fraud. The
exient to which our procedures are capable of detecling irregularities, including fraud is detailed below:
Based on our underslanding of Ihe group and Ihe environment in which it operales, we idenlified Ihat the principal risks
of non-compliance with laws and regulalions related lo the regulatory requiremen15 of the Chariiy Commission,
employment law. data proleclion regulations, and fundraising regulations, and we considered Ihe exlenl to which non-
compliance might have a malerial effect on the financial statements. We also considered those laws and regulaiions ihal
have a direct impact on the preparation of the financial statements such as Ihe Companie5 Act 2(K)6, Ihe Charities Act
201 l. payroll taxes, and sales thx.
We evaluated management's incentives and opporiunilies for fraudulent manipulation of Ihe financial slalements
(including the risk of override of controls), and determined thai the principal risks were relaled io posting inappropriate
journal entries and managemeni bia5 in certain accounting e5limales and judgements Such as ihe recognition of income al
Ihe year-end. Audil procedures perlormed by the engagement team included:
Inspecting correspondence wilh regulaiors and tax authorities.
Discussions wilh management including consideration of known or suspecled inslances of non-compliance wilh
laws and regulation and fraud:
Evalualing management's controls designed to prevent and detect iTregularilies'
15

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE PROFESSIONAL TEACHING
INSTITUTE
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Idelilying and iesting journals, in parlicular journal entries posled around the year-end.
Challenging assumptions and judgements made by management in their critical accounting estimales. and
Reviewing trustees, minutes during the year.
Because of the inherent limilalions of an audil, Ihere is a risk thal we will noi delecl all irregularities. including Ihose
leading 10 a material missiaiemenl in the financial slalements or non-compliance wilh regulaiion. This risk increases ihe
more Ihal compliance with a law or regulalion is removed from Ihe events and transactions reflecied in ihe financial
Slalemenis, as we will be less likely lo become rfiware of inslances of non-complianLe. The risk is also greaier regarding
irregularities OcLU￿1ng due to fraud rather than error. a5 fraud involve.s inlentional conce(Ilment, forgery, collusion,
omission or misrLpresentalion.
A further description of our responsibilities for Ihe audit of thc financial slalemcni% 15 located on the Financial Reporting
Council's website at: www.I'rL.or
T uklaudiiorsi'L.S
onsibiliiies. This description forms part of our audtlOT'S reporl.
Use of our report
This report is made solely lo Ihc chariiable company's memb¢rs, as a body, in accordance with Chapier 1 of Pari 16 of the
Companies Acl 2006. Our audil work has been undLriaken so Ihal we might Slate lo the Lhariiable company's members
those mallers we are required lo slaic 10 Ihem in an Audilor's reporl and for no other purpose. To the fullesl exlenl
pcrmillLd by law, we do nni accept or assume Tesponsibiliiy 10 anyone olher Ih(In the charitable company and the
charilablL' company's member5 as a body. for our audit work, for Ihis rLpori, or lur Ihe opinions we have formed.
Lec .Siokes (Senior Siaiuiory Auditor)
For and on beh￿lf ol H(iysMac LLP, Staiulory Audilors
l O Queen Sireei Place
London
EC4R IAG
DatL':
16

THE PROFESSIONAL TEACHING INSTITUTE
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIKS
FOR THE YEAR ENDED 30 SEvfEMBER 2024
UDrnstricted
Funds
2024
Restricted
Ful￿$
2024
Endowment
Funds
2024
Totsl
Funds
2024
Total
Funds
2023
Note
Income and endowments from:
Grgnts and don4tlons
698,916
157,369
856,285
759,511
Charltable actlvities:
Secondary Affiliation Fees
Primary Hubs
Leadership Residentials and Programmes
New Teacher Subject Days
Subjeci Enrichmenl Re$ideniials
Oihcr Conlinuin8 Profe55ional DcveloprnLni
227.552
72,(K)O
14,971
12,540
9,040
11,728
227,552
72,¢JX)
14,971
12,540
267,892
42,IMXI
7,175
25,534
13,185
24,255
11.728
Other tradlng actlvltles
18.640
18.640
16,432
Investments
20,931
20.931
16.709
Tothl Income
1.086.318
157..169
1.24.3,687
1,172,693
Expendlture on:
Ralslng funds
1.39,958
139,958
137.776
Charltable aeilvltles:
Subjeci LLader5hip Progrumme
Subjecl Enrichmcnl Resideniials
Primary Hubs
Leadership Residenlials and Programmes
New Teachcr Subject Days
Conlinuing Professional Development
Website and CRM
171.222
283.576
144,031
164,539
196.921
2.16.849
43,047
202,472
28.3.576
240.081
164.539
216,721
247,118
43,047
20.1.956
292,237
168,352
157.916
220,457
238,692
46.089
96,050
19.8(M)
10,269
Total Cos¢ of ChArltable A¢tlvltles
1.240.185
157,369
1,397,554
,327.699
Tothl Expendlture
1,380,143
157,369
1,537,512
1,465.475
Net Income l (expendlture) before other
recognlsed gains I (losses) and transfers
Nei gains on investmen15
Transfer between funds
{293.825)
29,555
145,022
{29.3,825)
503,057
(292,782)
158.664
473.502
(145.022)
Net Income l (expenditure) for the year
(119,2481
328,480
209.232
(134.118)
Total funds al l October 2023
857.676
3.323,395 4.181,071
4,315.189
Totsi funds at JO September 2024
738.428
3.651.875 4,390.303
4,181.071
The Consolidated Siaiemenl of Financial Activities includes all gains and losses recognised in the year.
All income and expendi(ure derive from conlinuing aciivilies. Details of comparative figures by fund are included in note 15.
The notes to ihe financial sialemenls forni part of Ihese accounts.
17

THE PROFESSIONAL TEACHING INSTITUTE
Company number: 05910443
CONSOLIDATED BALANCE SHEET
AT 30 SEPTEMBER 2024
2024
2024
2023
2023
Note
Fixed assets
Tangible fixed assets
Investmen15
46,(
3,693,705
3,651,875
3,681.981
3,739.712
Current assets
Debiors
Cash ai bank and in hand
-167,-196
687,984
41.1,084
368,825
1,055.180
781,909
Creditors
Amounls falling due within
one year
(.338,718)
(322,441)
Net current assets
716,662
459.468
Creditors
Amounts falling due afiLr one
year
10
(8.340)
(18.109)
Net ￿ets
4,390,30.3
4,181,071
Funds
ReslriclLd funds
Endowmenl funds
Unrestricted funds
1.651,875
738,428
3.-32.3,395
857,676
4,190..10.1
4,181,071
These accounis have been prepared in line with Ihe provisions applicable lo the small companies. regime.
Approve
eBoa
of Trustees and aulhorised for issue on 3 February 2025.
K'thi
Chairman
eith) Breslauer
18

THE PROFESSIONAL TEACHING INSTITUTE
Company number: 05910443
CHARITY BALANCE SHEET
AT 30 SEvfEMBER 2024
2024
2024
2023
2023
Note
Fixed assets
Tangible fixed assets
Inveslments
30,106
1,651,876
46,007
1.693,7(K)
1.681,982
3.739,713
Current a&8ets
D¢btOTS
Cash at bank and in hand
292,698
632,569
145.085
242,473
925,267
587,558
Creditors
Amounls falling due within
one year
(208,606)
(128,091)
Net current assets
716,661
459.467
Amounls falling due after one
year
10
(8.340)
(18,109)
Net assets
4,190,303
4,181,071
Funds
Restricted funds
Endowment funds
Unreslricted funds
1,651,875
738,428
1,123,195
857.676
4,190,303
4,181,071
These accounis have been
repared in line with the provisions applicable lo the small companies, regime.
Approve
(he Board o
rustees and authorised for issue on
. 2025.
K'ihiel (Keith) Bresla
Chairman
19

THE PROFESSIONAL TEACHING INSTITUTE
CONSOLIDATED STATEMENT OF CASHFLOWS
FOR THE YEAR ENDED 30 SEIryEMBER 2024
Note
2024
2023
Cash llow from operating activities
Net cash (used in)Iprovided by operating activilies
(i)
(246,659)
{606,811)
Cash flow from investing activities
Invesiment income
PurLhase of tangible fixed assets
Acquisition of fixed asset inveslmenis through
inveslmcni manager
Proceeds from disposal of fixed assel invcsimenls
through invv51menl manager
20,931
16,709
(1,235)
(415.0(Ml)
544,887
131,629
Net eash (used in)Iprovided by investing
activities
565,818
(267,897)
Change in cash and cash equivalents
-319,159
(874.710)
Cash and eash equivalents at the start of the
year
168,825
1,243,535
Cash and cash equivalents at the end of the year
687,984
368,825
(i) Reconciliation of net income to net cash flow
from operating activities
2024
2023
Net expendilure
(293,825)
{292,782)
Adjustments for:
Deprecidlion charge
Inveslmenl income
Decreasel(increase) in debtors
Increasel(decrease) in creditors
15,901
(20,931)
45,688
6,508
15,25.3
(16,709)
(220,537)
(92,0.18)
Net cash (used inyprovided by operating aetivities
(246,659)
(606.813)
20

THE PROFESSIONAL TEACHING INSTITUTE
NOTES TO THE FINAIYCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEvfEMBER 2024
l. Accounting policies
The chariiy is a company limited by guaranlee, Ihai was incorporated in England and Wales. Its registered office is 14-15
Lower Grosvenor Place. London. England, SW IW OEX. The registered company number is 05910443. and the registered
charily number is 1116224.
The principal accounting policies, which have been applied consisienily throughout the year, are as follows:
a) Basis of preparation of the financial statements
These financial statements are prcpared on a going concern basis, under Ihe historical cost convenlion, as modified by
the revaluation of investmen15 being measured ai fair value ihrough income and expenditure wiihin the Consolidated
Siatemenl of Financial Activities.
The financial slalemenls have been prepared in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireldnd (FRS 102). The ChaTilable Company is a public benefil company for the purposes of FRS 102
and therefore the charity also prepared ils financial slalemenls in accordance with the Siatemeni of Recommended
Practice applicable to charilie5 preparing Iheir accounls in accordance with the Financial Reporting Siandard applicable
in Ihc UK and Republic of Ireland (Charilie.s SORP 2015, second edition effective l January 2019). Ihe Companies Acl
2￿6 and Ihe Chariiies Act 2011.
The Truslees have assessed whether the use of ihe 80ing concern basis is appropriale and have considered possible
events or conditions ihat might cast significanl doubi on Ihe abilily of the chariiable company lo conlinue as a going
Loncern. The Truslees have madL thi5 assessment for a period of ai least one year from the dale of approval of Ihe
financial slalemenls. In particular Ihe Trustees have considLred Ihe charitable company's forecasls and proj¢clions have
laken account of pressure.s on income. After making enquiries Ihe TrusieLS have concluded Ihal there are no material
unceriainiies and Ihcre is a reasonable expecl4ilion Ihat the chariiable company has adequate resources lo coniinue to
opcraiional existence for Ihe foreseeable fulure. The chariliible company therefor¢ coniinues lo adopi Ihe going concern
basis in preparing its financial siaiem¢nls.
The financial sialvmenls are prepared in sierling, which is the functional curr¢ncy of the charity. Monetary amounts in
these financial stalemLnts are roundcd to Ihc nearL'51 pound.
b) Basis of consolidation
The consolidated (group) financial slalemenls comprise thc charity and ils wholly owned subsidiary Pll Education
Lirniled.
The results of Ihe trading subsidiary company are presenied in the Consolidated Statemenl of Financial Aclivities by
disclosing (he income and expendilure derived from ils non<haritable trading activities separaiely from those of the
charily. A summary profit and loss accouni for ihe trading subsidiary is included in note 7. The charily has nol
prepared ils own slalemeni of financial aclivilies, as permiiied under Ihe Companies Act 2006.
The subsidiary company's assets and liabilities are consolidated in the Balance Sheei on a line-by-line basis.
c) Fund accounting
General funds are unrestricted funds which are available for use al Ihe di5cfLlion of Ihe Trusiees in furiherance of the
general objectives of the chariiable company and which have nol been designated for other purposes.
The endowment fund represents donations Ihal are lo used as an expendable endowment for teacher professional
developrneni that is both capital and income and can be drawn down, to a maximum level of £100,OIK) per annum.
Reslricled funds are subject to resiriciions on their expenditure imposed by the donor.
21

THE PROFESSIONAL TEACHING INSTITUTE
NOTLS TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEFTEMBER 2024
d) Income
All incom¢ is included in the Stsiement of financtal a¢livities when the charily has eniiilement lo the lunds. receipi is
probable. and the amounl can be measured wilh sufficient reliabilily.
Where Ihe donor has specified that th¢ dunalions or gr<inls relate lo fulure periods or ihal certain preLondilions musi
be fulfilled before use, amounis received arL' recognised in Ihe relevanl period or when precondilions have been mel.
Income lax recoverable in relation to donations received under Gifi Aid or Deeds of Covenant is recognised ai the time
of Ihe donalion.
Income tax recoverable in relaiion to investment income is recognised ai Ihe lirne the invesiment income is receivable.
e) Expenditure
All expenditure is accounted for on an accruals basis and has been included under expense caiegories thai aggregate all
costs for lill￿all￿n lo aciivilies.
Cosls of raising funds comprise the expenditure on fundraising activities, including inveslmcnl management fees, as
well as an apportionmenl of relevant slaff Costs. whereas cost of chariiable aclivilies include all directly aiiribulable
cosis with regards 10 the Subjeci Leadership Programme, Subjeci Enrichmeni Residentials, Primary Hubs, Leadership
Re5idenlials and Prograrnmes. New Teacher Subjccl Days. oiher Continuing Professional Developmentcourses and Ihe
devclopmenl of the websile, as well as an apporiionmenl of olhLr cosls as delailed bclow.
Suppon costs are Ihose Losls inLurred in support of expenditure on Ihc objects of Ihc Lharity <ind include projecl
management and administration costs.
Overheads and oiher supporl co8ts not direcily altribulable 10 a partlLular aciivily are apporlionLd over Ihe relcvant
aciivities on Ihe ba8is of management estimatC8 of the amount iillribulable 10 Ihal activity in Ihe year, either by reference
lo siaff tim¢ spent or ratio of the numb¢r of days of each lype of aLtivity, as approprialc. Irrecoverable VAT is includLd
with the iiern of expendilure lo which li relates.
Governance Costs Comprise Ihe expenditure on governance of the chariiy including audit fees, l¢gal advice for Trustees,
cosls of Trustee meeting5 and an apportionment of relevanl slaff cosls to reflcci limL speni on governance-rvlaled
matters. In accordance wilh FRS 102, these arc now included wiihin support costs above.
Q Tangible fixed assets and deprecialion
Tangible fixed assets cosling more Ihan £ I,O(Kl are capitalised. Tangible fixed assels are slaied al cost less depreciation.
Depreciation is provided al rates calculated 10 wrile off the cosi or valuulion of fixed assels less Iheir esiimaled residual
value. over their expected useful lives on the following basis:
Office fillings and equipment
Websiie and compuler equipmenl
20% on cost
33% on cosl
g) Investments
Investments are stated at markel value at the balance sheet datL'. The staiement of financial aLiivities includes the net
gains and losses arising on revaluations and disposals throughoul the year.
h) Pensio
The charilable company does nol operale a pension scheme bul conlribules lo employees, personal pension
arrangements. Conlributions are charged to th¢ Consolidated Slatelnenl of Financial Activilies on an accruals basis.
i) Operating leases
All paymenls under operating leases are charged io the slatemeni of financial aciivilies in Ihe year in which Ihey fall
due.
22

THE PROFESSIONAL TEACHING INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
j) Financial instruments
The charity has elected to apply the provisions of Section I I 'Basic Financial Inslrumenls. lo all of ils financial
insirumenls. Financial instruments are recognised in the charity's balance sheet when the chariiy becomes party lo ihe
coniraciual provisions of the insirument. Financial asseis and liabilities are off5el, Wlth the net amounts presenied in Ihe
rinancial statements, when there is a legally enforceable right lo sei off the recognised amounts and there is an inienlion
to setile on a nei basis or io realise the assei and seitle Ihe liability simultaneously.
Basic financial instrumenis are recognised at transaclion value and subsequently adjusied for impairment wilh Ihe
exception of investment which are initially measured al Iransaction price and subsequently at fair value.
k) Critical accounting ￿tiMateS and areas of judgement
In Ihe applicaiion of the charity's accounting policies, the Trusiees are required lo make judgemenis, estimaies and
assumptions aboui ihe carrying amouni of assets and liabilities that are noi readily appareni from oiher sources. The
estimate8 and associaied assumplions are based on historical experience and other factors thai are considered to be
relevant. Actual results may differ from these esiimates,
The eslimaies and underlying assumptions are revicwed on an ongoing basis. Revisions lo accouniing estimates are
recognised in Ihe period in which thL eslimale is revised where the revision effects only thal period, or Ihe period of the
revi.sion and fulure periods where the revision affecls boih currenl and future periods.
The mosl significant eslimaies and assumpiions which affect the carrying amouni of assels and liabilities in the arcounts
relate 10:
The annual depreciation charge for fixed assets is sensitive to change in the esiimaled useful economic lives and residual
value of a55elS. These are reasses8ed annually and amended were necessary io reflect currenl cireumslances.
l) Cash and cash equivvllents
Cash and cash equivalents include cash in hand, deposi15 held ul call wilh bank5 and other shori-term liquid invcstmenls
with original maturilies of three monihs or less.
23

THE PROFESSIONAL TEACHING INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEvfEMBER 2024
I Cost of Cbaritable Activities
Legdership
Resldentigls
And
PrO£r￿MMe$
New
Teacher
Subjeet
D8ys
Other
Continuing
Profe&sional
Developmen¢
2024
Subject
Subject
Leadership Enrichment
Progrgmme
Resldentials
Website
And
CRM
TOL91
Ftsnds
2024
Primary
Hub5
Acilvltie5 direct
costs
66,55.3
161.303
34.108
57,777
71,074
35,388
23,766
449,969
Supporl cosls
Wa¥es and
salaries
Consuliancy
General office
Costs
Governance
osls
93.448
79,975
150,707
60.364
101,772
143,745
14.509
644.520
8.8.11
12.035
4.288
19,975
7.827
7.485
60.441
27,441
24,686
41.584
21.554
29,405
50.843
3.893
199.406
6.199
5,577
9,394
4.869
6.64.
,657
879
43,218
1.35,919
122,27.1
205,973
106.762
145.647
211,730
19.281
947,585
202.472
283.576
240.081
164,539
216.721
247.118
43,047 1.397.554
Leudershlp
Resldential
And
Prog￿MmeS
New
TeAcher
Subject
Day$
Other
Contlnulng
Professional
Development
2023
Subject
Subject
Leadertihlp Enrichment
Progrmmmt
Resldentials
Website
And
CRM
Total
Funds
2023
Primary
Hubs
Actlvltles dlrect
e05ts
65,450
156,865
79,167
30,215
24,740
424,418
Support ¢osts
Wages and
salaries
Consultancy
General office
costs
Governance
costs
95.533
84,886
98.632
69.287
95,098
137,914
15.866
597.216
9.181
17.458
4,521
11,721
1,573
275
77,5é1)
27,601
26,977
27.190
24,281
28.156
49.672
4,254
188.131
6.191
6,051
6.099
5.446
6.315
9,318
954
40.374
138.506
135.372
136,442
121,845
141.290
208,477
21,349
903,281
203.956
292,237
168,352
157,916
220,457
238.692
46,089 1,327.699
24

THE PROFESSIONAL TEACHING INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEiYfEMBER 2024
3. Cost of raising funds
2024
2023
Wages and salaries
General office costs
Direct fundraising and event-related cosis
94.578
91.193
24.037
22.546
20,005
139.958
117,776
4. Governance costs
2024
2023
Wages and salaries
General office costs
Auditor's remuneraiion - The Professional Teaching Institute (audit fees)
PTI Education Limiled (audit fee5)
The Professional Teaching Institute (non-audil
fees)
PTI Educalion LimitL.d (non-audil fees)
8,151
10.200
6,054
9.700
2,900
1.250
1,250
1,200
1,2(Ki
S. Staff eosts
2024
2023
Wages and salaries
Social security costs
Contribulions to personal pension schemes
601,273
59.728
97,414
592,011
59,717
55,999
758.415
707,729
One employee received remuneralion between £90,0(J) and £IIK).(K)O during the year (2021: none), no employees
received remuneration between £80.000 and £90,IKJO during Ihe year (2023.. Iwo) and two employee5 received
remuneralion between £70,000 and £80,000 during the year (2023-. none). Pension conlributions of £55.151 (2023..
£16,241) were paid on behalf of Ihesc individua15. Toial lerminalion payments during the year was £ l.l)(K) (2023:
£nil).
The average number of people employed by the charily during the year were
as follows:
2024
2023
Charitable activities
Governance
14.1
14.6
14.4

THE PROFESSIONAL TEACHING INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEFfEMBER 2024
Staff Costs (continued)
No Trustee received remuneration or was reimbursed expenses from ihe charity during the currenl or preceding
year.
Key management Personnel:
Key managemeni personnel comprise the Full-lime Co-Dirccior, Chief Operating Officer. Head of Fundraising,
Senior Philanthropy and Parlnerships Manager, Senior Evenis Manager, Head of Core Programmes and Ihe Head
of Educational Sir411egy. School Developmvnl and Membership. The lolal employmenl costs (including
employers. national insurance and pension conlributions) for Ihese individuals wa5 £438,152 (2023: £474,408).
6. Tangible Fixed Assets- Charity and Consolidated
Website and
Computer
Equipment
Office
Fittings and
Equipment
Total
Cost
As ai l Octob¢r 2023
Addiiions
160.(Y)4
AI 10 September 2024
160,094
Depreciation
Ai l October 2021
Charge during Ihe year
40.785
15.254
114,087
15,901
647
AI 30 Sepiember 2024
56,0.19
129,988
Net Book V¥dlue
At 30 ScpiembLr 2024
2,588
27,518
.30.106
AI 10 September 2023
42,772
46,(K17
7. Fixed Asset Investments
Listed
2024
Listed
2023
Consolidated
Market value brought forward
Acquisilions at cosl
Less disposal proceeds
Gains on investments
1.693,705
3,251,670
415,000
(133,629)
158.664
(544,887)
503,057
Market Value Carried Forward
3,651.875
3,691,705
Hisloric cosi of lisled inveslmenls
3,121,018
26

THE PROFESSIONAL TEACHING INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEvfEMBER 2024
Fixed Asset Investments {continued}
Charity
Th¢ Insliluie owns PTI Education Limited, a company incorporated in the Uniled Kingdom and registered in
England, company nurnber 10353080 and holds 100% of the £ I share capithl.
The principal activity of the Company is Ihe provision of training and supporl services for secondary and primary
school leachers. The company then 'Gift Aids" ils taxable profil lo the Inslituie io provide resources 10 support
the Inslilule's work.
The net profil of the company at 10 September 2024 is £1,214 (2021.. £34,009) before the gift aid paymenl is
made.
Ils irading resulis, cxtracted from its audited accounts were as follows:
2024
2023
Turnover
Cosl of sales
1,821,469
(426,203)
1,641,474
(199.678)
Gross profil
Administraiive expenses
1,195,266
(1,195,534)
1.241,796
(1,209,551)
Operating profil
Inierest
(268)
1,502
32,245
1,764
Profil before taxation
Tax on profil
Profit for Ihe financial period
34.QM)9
Gifi Aid Paymeni
(1,234)
A summary of ils asseis is shown below:
2024
2023
Debtors
Cash at bank and in hand
Crediiors falling due within one year
180,715
55.415
(216,149)
158,111
126,352
(284,664)
Net current assets
27

THE PROFESSIONAL TEACHING INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEwfEMBER 2024
Debtors
Consolidaled
2024
Consolidated
2023
Charity
2024
Charity
2023
Tr(Ide debtors
Prepaymenls
Accrued income
VAT recoverable
Iniercompany debtor
Reni deposit
89,664
5,000
45,059
188,816
1_1,589
61,656
188.977
202.428
5,969
202.265
12,275
34.008
39,000
.39,0(J)
-367,196
411,084
292,698
Creditors: Amounts falling
due within one year
Consolidated
2024
Consolidated
2023
Charity
2024
Charity
21123
Trade creditors
Inter company Lredilor
DefcrrLd income
Oth¢r creditors
Accruals
99,6(K)
9,770
50,0(K)
22,069
186,048
9,752
68.579
226,032
69,416
338.718
322,441
208,606
128.091
Consolidaled
2024
Consolidated
2023
Charity
2024
Charity
2023
D¢ferred income al l October
244,141
301,431
40,178
64,297
Deferred income - general
Amount released 10 resiricled
and unrestricted funds in
the SOFA
176,278
201,963
(226,031)
(261.253)
{22.068)
(24.119)
Deferred income at 30 Sepiember
2024
194,188
244.141
18,110
40,178
28

THE PROFESSIONAL TEACHING INSTITUTE
NOTLS TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
10. Creditors: Amounts falling due after one year
Consolidated
2024
Consolidated
2023
Charity
2024
Charity
2023
Deferred income
18.109
8,340
18,109
18.109
8,340
18,109
I l. Movement In funds
Group
Expendlture
Atl
October
2023
Income &
Investment
gains
At30
Seplember
2024
Investment
L055es
Transfers
Restricted Funds
Subjecl Leadership Programme
Primary Programme
New Teacher Subject Days
Continuing Professional Developmeni
{31,250)
(96.050)
(19,8(K))
(10,269)
96,050
19,800
10,269
Tolal reslriciedfunds
157,369
(157,369)
Endowment Funds
Teacher Training Fund
3.323,395
473,502
(145,022)
3,651,875
Unrestricted General Funds
857.676
1,115,873
(1,380,143)
145,022
738,428
Tolal Fundx
4,181,071
1.746,744
(1,517,512)
4,390.101
Movement In funds- prlor year eomparative
Expenditure
& losses on
foreign
exchange
Atl
October
2022
Ineome &
Investment
galns
At30
September
2023
Transfers
Restricted Funds
Subject Lcadership Programme
New Teacher Subject Days
Continuing Professional Development
107.250
11,850
10,269
(107,250)
111,850)
110.269)
Total reslriciedfunds
129,369
(129.369)
Endowment Funds
Teacher Training Fund
3.457,676
151,855
(286,136)
3.323,395
Unrestricted General Funds
857,513
1,050,133
(1,336,106)
286.136
857,676
Tothl Funds
4,315,189
1,331,357
(1,465,475)
4.181,071
29

THE PROFESSIONAL TEACHING INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30SEPTEMBER 2024
I l. Movement in funds (continued)
The Subjecl leadership programme reslricied fund relates 10 funding received specifically for Ihe Subject Leadership
Programme activities.
The Subject enrichment residentials reslricled fund relates lo funding received specially for the 2024 subject
enrichment resideniials.
The Primary Hubs reslricled lund relates lo funding received specifically for primary leadership support.
No further donations io Ihe Teacher Training Fund wcre expected or received during the ycar under review. The fund
is an expendable endowment fund Ihai is both capiial and income, and Ihe maximum drawdown per annum is 4% of
Ihe value of the fund on 31" December of (he financial yLar in question. On 31" December 2023. Ihe fund was valued
al £1,625,550. rnaking £145,022 availablL, which has been drawn down. Togeiher with incomc, managemenl charges
and gains on invesimenls, resulied in endowmeni funds incrcasing 9.9% 10 £1,652k (2023: £3,121k).
11 Analysis of nel a55ets between fund5
Fixed
assets
Total
2024
Investments
Debtors
Bank
Creditors
Unresiricied funds
ReslriciLd funds
Endowment funds
367,396
687,984 (347,058)
738,428
3.651,875
3,651,875
3,651,875
167,196
687.984
(747,058) 4,190,301
Fixed
Total
2023
Investments
Debtors
Bank
Creditors
Unreslricled funds
Resiricted funds
Endowment funds
46,007
370.310
413,084
168,825
(340,550)
857,676
1,323.195
3,123.395
46.c￿7
3,693.705
413,084
368,825
(340,550) 4,181,071
13.
Transactions involving Trustees and related parties
During Ihe year. Iwo trustees of The Professional Teaching Insiilule and a director of Education Lid, made
donations 10 the Institute toialing £108,074 (2023: £107,300).
14.
Operating lease commitments
At 30 September 2024, the charily had lolal commitments under non-cancellable leases for buildings as follows:
2024
2023
Payable in les5 Ihan one year
Payable wiihin two lo five years
65.0(K)
47,904
65,(K)O
112,904
112,904
177.
30

THE PROFESSIONAL TEACHING INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
15. Comp4ratiYe Consolidated SOFA
Unrestrlcted
Funds
2023
Re5tric¢ed
Funds
2023
Endowment
Funds
2023
Tothl
Funds
2023
Note
Income 4nd endowments from:
Grgnts and donallons
630,142
129,369
759,511
Charitable activllles:
Secondary Affilialion Fees
Primary Hubs
Leadership Residenlials and Programmcs
New Teacher Subject Days
Subjc¢l Enrichment Residenlials
Oiher Coniinuin8 Professional Development
267.892
42,OC(J
7,175
25,534
13,185
24,255
267,892
42.(MX)
7.175
13,185
24,255
Other trading ¥etlvl¢les
16,4.12
Investments
16,709
16.709
Total Incom¢
129,369
1,172,693
Expenditure on..
Ralslng fund5
137,776
137.776
Charftoble actlvltles:
Subjecl Lcadership Pro8ramme
Subject Enrichment Residenlials
Primary Hubs
Leadership Re5ideniials and Programmc5
New Tcacher Subjeci Day5
Conlinuing Professional Developmcnl
Website and CRM
96,706
292.237
168.352
157.916
208.607
228,423
46,089
107,250
203.956
292.237
168,352
157.916
220,457
238,692
46.089
11,850
10,269
Total Cost of Charltsble Actlvlties
1,198,330
129.369
1,327.699
Total Expenditure
1,336,106
129,369
1,465,475
Net In¢ome l (expendlture) before other
recognlsed g4lns l (losses) 4nd transfers
Net gain l (loss) on invesimenls
Trdnsfer between funds
(292,782)
6.809
286.136
(292,782)
158,664
151,855
(286,136)
Net income l (expendlture) for the year
163
{134,281) (134,118)
Total funds at l October 2022
857,513
3.457.676 4.315.189
Tot*1 funds 4t 30 September 2023
857.676
3,323,395 4,181,071
31