VOCATIONAL TRAINING CHARITABLE TRUST

Charity number: 295192
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Vocational Training Charitable Trust, T/A VTCT Skills, is a market-leading specialist vocational and technical Awarding Organisation offering a comprehensive range of qualifications, assessments and services in 17 sectors, including Hairdressing, Beauty, Logistics and Early Years. Working closely with employers and training providers, our ranges are backed by industry and trusted around the world.

Income and expenditure

Data for financial year ending 31 July 2024

Total income:
£12,863,495

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Donations and legacies £0
Charitable activities £12.68m
Other trading activities £0
Investments £184.72k
Other £0

Total expenditure:
£14,134,446

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Raising funds £47.41k
Charitable activities £14.09m
Other £0

£622,315 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £47.41k
Charitable expenditure £14.09m

People

257 Employee(s)

12 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 6
£70k to £80k 4
£80k to £90k 1
£90k to £100k 2
£120k to £130k 1
£150k to £200k 1
£200k to £250k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

One or more trustees receive payments or benefits from the charity for providing services to the charity.

What, who, how, where

What the charity does:
  • Education/training
Who the charity helps:
  • Children/young People
  • The General Public/mankind
How the charity helps:
  • Provides Services
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Throughout England And Wales
  • Antigua And Barbuda
  • Australia
  • Bahrain
  • Barbados
  • Belgium
  • Botswana
  • Canada
  • China
  • Cyprus
  • Ecuador
  • Ghana
  • Greece
  • India
  • Indonesia
  • Ireland
  • Isle Of Man
  • Italy
  • Japan
  • Kenya
  • Latvia
  • Lebanon
  • Lithuania
  • Malaysia
  • Malta
  • Mauritius
  • Namibia
  • Netherlands
  • New Zealand
  • Northern Ireland
  • Oman
  • Qatar
  • Russia
  • Scotland
  • Singapore
  • South Africa
  • South Korea
  • Spain
  • St Lucia
  • Sweden
  • Turkey
  • United States
  • Vietnam
  • Zimbabwe

Governance

Registration history:
  • 30 September 1986: Standard registration
Organisation type:
Charitable company
Other names:
  • V T C T (Working name)
  • VTCT (Working name)
Company number:
02050044 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

12 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Jennifer Sworder Chair 29 November 2013
None on record
Ian Andrew Salter Trustee 17 June 2024
None on record
Richard John Atkinson CBE Trustee 01 June 2024
None on record
Hellen Ruth Ward Trustee 28 May 2024
None on record
Debbie Joanne Houghton Trustee 25 August 2022
None on record
John Mark Winkley Trustee 27 July 2022
EDUCATION ALLIANCE FOR LIFE CHANCES
Recently registered
Lysa Robin Schwartz Trustee 21 July 2022
None on record
Daniel James Carlin Trustee 05 January 2022
POMPEY IN THE COMMUNITY
Received: 1 day late
Katherine Louise Quinn Trustee 01 June 2021
None on record
Andrew Paul Mondon Trustee 23 May 2021
None on record
Jayne Anne Lewis-Orr Trustee 07 February 2019
HAIR AND BEAUTY CHARITY
Received: On time
Stephanie-Fay Richardson Trustee 21 October 2018
None on record

Financial history

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Financial period end date

Income / Expenditure 31/07/2020 31/07/2021 31/07/2022 31/07/2023 31/07/2024
Total gross income £8.65m £9.61m £11.14m £11.66m £12.86m
Total expenditure £10.92m £8.77m £10.64m £13.23m £14.13m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants £565.13k £188.29k N/A N/A N/A
Income - Donations and legacies £0 £0 £0 £0 £0
Income - Other trading activities £565.13k £188.29k £0 £0 £0
Income - Charitable activities £7.90m £9.24m £10.98m £11.47m £12.68m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £188.60k £174.85k £167.81k £193.47k £184.72k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £10.68m £8.62m £10.14m £13.18m £14.09m
Expenditure - Raising funds £240.15k £142.72k £499.95k £0 £47.41k
Expenditure - Governance £223.23k £261.23k £211.62k £263.57k £0
Expenditure - Grants institution £75.00k £75.00k £0 £0 £0
Expenditure - Investment management £111.80k £57.90k £57.62k £0 £47.41k
Expenditure - Other £0 £0 £0 £49.17k £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/07/2020 31/07/2021 31/07/2022 31/07/2023 31/07/2024
Own use assets £3.62m £2.76m £5.19m £5.34m £4.11m
Long-term investments £9.32m £10.59m £8.36m £7.55m £8.16m
Other assets £2.49m £5.46m £4.72m £3.06m £3.01m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £756.28k £1.96m £1.58m £1.09m £1.07m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 July 2024 31 January 2025 On Time
Accounts and TAR 31 July 2024 31 January 2025 On Time Download Open in new window
Annual return 31 July 2023 08 February 2024 On Time
Accounts and TAR 31 July 2023 08 February 2024 On Time Download Open in new window
Annual return 31 July 2022 18 April 2023 On Time
Accounts and TAR 31 July 2022 18 April 2023 On Time Download Open in new window
Annual return 31 July 2021 07 April 2022 On Time
Accounts and TAR 31 July 2021 07 April 2022 On Time Download Open in new window
Annual return 31 July 2020 12 April 2021 On Time
Accounts and TAR 31 July 2020 12 April 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 26/08/1986 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 06/10/2005 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 01/02/2006 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 23/01/2012 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 13/12/2013 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 22/04/2015 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 29 NOV 2018

Charitable objects

THE CHARITY’S OBJECTS (‘OBJECTS’), BEING FOR PUBLIC BENEFIT, ARE THE ADVANCEMENT OF EDUCATION BY:- (A) ASSESSMENT OF EDUCATION AND SKILLS FOR ACCREDITATION; (B) SETTING STANDARDS OF EDUCATION AND SKILLS AS AN AWARDING AND ASSESSMENT ORGANISATION; (C) THE PROMOTION OF SKILLS AND KNOWLEDGE FOR VOCATIONAL AND TECHNICAL EMPLOYMENT; (D) ADVANCING DIGITAL RESEARCH AND OTHER EDUCATIONAL TECHNIQUES.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Contact information

Address:
V T C T
Aspire House
10 Annealing Close
Eastleigh
SO50 9PX
Phone:
02380684500
Email:
customersupport@vtctskills.org.uk
Website:

www.vtctskills.org.uk Open in new window