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THE VERIFICATION RESEARCH TRAINING AND INFORMATION CENTRE ( VERTIC )

Registered charity 1073051 · accounts filings on the Charity Commission register · also known as VERTIC

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Latest income
£1.7m
Latest spending
£1.8m
Registered
1998
Accounts read
FY2024

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

Reserves policy: three months operating and contractual costs (held: £1.1m)
“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”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Goldwins Limited. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/10/2024)

Total income
£1.7m
Total spending
£1.8m
Cost of raising funds
£35k
Reserves (reported)
£1.1m
Employees
10

Reported reserves equal ~7.5 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Antigua And Barbuda · Austria · Barbados · Brazil · Cambodia · Cameroon · Ethiopia · Germany · Ivory Coast · Jamaica · Japan · Laos

Income and spending

Financial year endIncomeSpending
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
31/10/2020£1.3m£1.4m

Common questions

Is THE VERIFICATION RESEARCH TRAINING AND INFORMATION CENTRE ( VERTIC ) financially healthy?

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.