THE VERIFICATION RESEARCH TRAINING AND INFORMATION CENTRE ( VERTIC )
VERTIC is an independent, non-profit making, non-governmental organisation. Its mission is to promote effective and efficient verification as a means of ensuring confidence in the implementation of international agreements and intra-national agreements with international involvement.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £55,821 for the year, resulting in a decrease in total net assets from £1,632,222 to £1,519,265. The trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future. Unrestricted reserves stood at £1,109,725, which is significantly above the stated policy target of £285,000.
What the accounts disclose
“holding unrestricted reserves equivalent to three months operating and contractual costs is a sufficient minimum, which based upon the figures for the year ended 31 October 2024 is £285,000”
Corporate structure
- Registered company of the charity Companies House 03616935 · Financial health read from its filings
Leadership, per the charity’s website
- Larry MacFaul — Executive Director
- Angela Woodward — Deputy Executive Director
- Dr Owen Greene — Chair of the Board
- Allan Power — Finance Director
Company officers (Companies House)
- WALKER, John on trustee list
- ROCKWOOD, Laura on trustee list
- TABASSI, Lisa on trustee list
Structured financials (annual return, FY ending 31/10/2025)
Trustees
- Dr OWEN GREENEchair
- John Walker
- LAURA ROCKWOOD
- LISA TABASSI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £818k | £1.2m |
| 31/10/2024 | £1.7m | £1.8m |
| 31/10/2023 | £2.2m | £1.5m |
| 31/10/2022 | £1.2m | £1.0m |
| 31/10/2021 | £1.4m | £1.3m |
Common questions
Is THE VERIFICATION RESEARCH TRAINING AND INFORMATION CENTRE ( VERTIC ) financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £55,821 for the year, resulting in a decrease in total net assets from £1,632,222 to £1,519,265. The trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future. Unrestricted reserves stood at £1,109,725, which is significantly above the stated policy target of £285,000. Its FY2024 accounts were audited by Goldwins Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE TOLKIEN TRUST | 1 | £125k |
| INTERNATIONAL ALERT | 1 | £98k |
| THE EVAN CORNISH FOUNDATION | 1 | £15k |
| ENFIELD LIONS CLUB (CIO) | 1 | £6k |
Charities like this
- VIDERE EST CREDERE
- VERITAS CATHOLIC EDUCATION, WELFARE AND CULTURE FOUNDATION (COMMONLY KNOWN AS VERITAS FOUNDATION)
- VEERAYATAN UK
- VENDQUOT LIMITED
- VERITAS COLLEGE INTERNATIONAL
- THE VERNON CHARITABLE FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE VERIFICATION RESEARCH TRAINING AND INFORMATION CENTRE ( VERTIC ) | £818k | — | — | unclear | — | no doubt |
| VIDERE EST CREDERE | £2.2m | — | — | unclear | — | no doubt |
| VERITAS CATHOLIC EDUCATION, WELFARE AND CULTURE FOUNDATION (COMMONLY KNOWN AS VERITAS FOUNDATION) | £197k | — | 0 | unclear | — | no doubt |
| VEERAYATAN UK | £231k | — | 0 | unclear | — | no doubt |
| VENDQUOT LIMITED | £187k | — | 0 | above | — | no doubt |
| VERITAS COLLEGE INTERNATIONAL | £784k | — | 0 | unclear | — | no doubt |