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VOCATIONAL TRAINING CHARITABLE TRUST

Registered charity 295192 · accounts filings on the Charity Commission register · also known as V T C T, VTCT · also registered in Scotland as SC049476 (OSCR)

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Latest income
£13.4m
Latest spending
£13.7m
Registered
1986
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net deficit of £0.6m for the year, an improvement on the previous year's £1.8m deficit. Per the trustees' report, free reserves totalled £9.0m, which sits within the stated policy target range of £8.6m to £14.6m, indicating adequate financial buffers to support ongoing activities.

What the accounts disclose

Highest-paid employee band: £200,000 - £209,999 — in the top quarter for charities its size (median £130k)
“£200,000 - £209,999 1”
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: £8.6m to £14.6m (held: £9.0m)
“The VTCT Skills Reserves Policy targets a free reserves range of £8.6m to £14.6m.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: AlphaPlus Consultancy Ltd. Trustee John Winkley is a Director of this company, to which the Charity paid £17,170 during the financial year.
“AlphaPlus Consultancy Ltd. Trustee John Winkley is a Director of this company, to which the Charity paid £17,170 during the financial year.” — page 78
“M Squared Media Ltd. Trustee Jayne Lewis-Orr is an Executive Director of this company, to which the Charity paid £13,764 during the financial year.” — page 78
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: M Squared Media Ltd. Trustee Jayne Lewis-Orr is an Executive Director of this company, to which the Charity paid £13,764 during the financial year.
“AlphaPlus Consultancy Ltd. Trustee John Winkley is a Director of this company, to which the Charity paid £17,170 during the financial year.” — page 78
“M Squared Media Ltd. Trustee Jayne Lewis-Orr is an Executive Director of this company, to which the Charity paid £13,764 during the financial year.” — page 78
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Stephanie Richardson Consulting Ltd. Trustee Stephanie Richardson is the owner of this company, to which the Charity paid £8,280 during the financial year.
“AlphaPlus Consultancy Ltd. Trustee John Winkley is a Director of this company, to which the Charity paid £17,170 during the financial year.” — page 78
“M Squared Media Ltd. Trustee Jayne Lewis-Orr is an Executive Director of this company, to which the Charity paid £13,764 during the financial year.” — page 78
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Education & Media Services Ltd
“The charity’s trading subsidiary Education & Media Services Limited will gift aid profits earned in year to the parent charity.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/07/2025)

Total income
£13.4m
Total spending
£13.7m
Cost of raising funds
£50k
Reserves (reported)
£14.2m
Employees
250

Reported reserves equal ~12.4 months of spending — in the top quarter for charities its size (median 4.6 months; benchmarks).

Trustees

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

Operates in: Australia · Botswana · Canada · China · Denmark · Greece · Guernsey · Hong Kong · Hungary · India · Indonesia · Ireland

Income and spending

Financial year endIncomeSpending
31/07/2025£13.4m£13.7m
31/07/2024£12.9m£14.1m
31/07/2023£11.7m£13.2m
31/07/2022£11.1m£10.6m
31/07/2021£9.6m£8.8m

Common questions

Is VOCATIONAL TRAINING CHARITABLE TRUST financially healthy?

The accounts state that the charity reported a net deficit of £0.6m for the year, an improvement on the previous year's £1.8m deficit. Per the trustees' report, free reserves totalled £9.0m, which sits within the stated policy target range of £8.6m to £14.6m, indicating adequate financial buffers to support ongoing activities. Its FY2024 accounts were audited by Crowe U.K. LLP.

What does the highest-paid employee of VOCATIONAL TRAINING CHARITABLE TRUST earn?

Per its FY2024 accounts, the highest-paid employee was in the £200,000 - £209,999 band.