THE VERIFICATION RESEARCH TRAINING AND INFORMATION CENTRE ( VERTIC )

Charity Number: 1073051
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

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.

Income and expenditure

Data for financial year ending 31 October 2023

Total income:
£2,175,373

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Donations and legacies £64.55k
Charitable activities £2.07m
Other trading activities £0
Investments £5.95k
Other £30.78k

Total expenditure:
£1,476,783

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Raising funds £20.83k
Charitable activities £1.29m
Other £163.05k

£0 investments gains (losses)

Total income includes £129,117 from 2 government grant(s)

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.

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Raising funds and other expenditure £183.88k
Charitable expenditure £1.29m
Retained for future use £698.59k

People

11 Employee(s)

5 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 3
£70k to £80k 2

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Environment/conservation/heritage
Who the charity helps:
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Throughout England And Wales
  • Antigua And Barbuda
  • Austria
  • Barbados
  • Brazil
  • Cambodia
  • Cameroon
  • Ethiopia
  • Germany
  • Ivory Coast
  • Jamaica
  • Japan
  • Laos
  • Malaysia
  • Namibia
  • Oman
  • Pakistan
  • Philippines
  • South Africa
  • Thailand
  • United States
  • Uzbekistan
  • Vietnam

Governance

Registration history:
  • 21 December 1998: Standard registration
Organisation type:
Charitable company
Other names:
  • VERTIC (Working name)
Company number:
03616935 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
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • 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
  • Volunteer management
Land and property:
This charity does not own and/or lease 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

5 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Dr OWEN GREENE Chair
None on record
John Walker Trustee 10 June 2020
None on record
LISA TABASSI Trustee 27 July 2015
None on record
LAURA ROCKWOOD Trustee 01 June 2015
None on record
NICHOLAS ALAN SIMS Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/10/2019 31/10/2020 31/10/2021 31/10/2022 31/10/2023
Total gross income £1.67m £1.35m £1.37m £1.21m £2.18m
Total expenditure £1.28m £1.35m £1.26m £1.05m £1.48m
Income from government contracts N/A N/A £140.02k £127.90k N/A
Income from government grants £45.17k £13.78k £140.02k £127.90k £129.12k
Income - Donations and legacies £19.82k £0 £0 £0 £64.55k
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £1.65m £1.35m £1.37m £0 £2.07m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £0 £0 £0 £0 £5.95k
Income - Other £0 £0 £0 £20.49k £30.78k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.13m £1.31m £1.08m £866.44k £1.29m
Expenditure - Raising funds £32.37k £37.09k £38.00k £15.69k £20.83k
Expenditure - Governance £44.86k £33.73k £14.30k £12.85k £48.68k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £119.11k £0 £149.25k £163.18k £163.05k

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 31/10/2019 31/10/2020 31/10/2021 31/10/2022 31/10/2023
Own use assets £15.79k £11.69k £7.89k £5.63k £3.35k
Long-term investments £0 £0 £0 £0 £0
Other assets £1.50m £1.83m £1.68m £1.96m £2.12m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £896.22k £1.21m £977.74k £979.19k £490.79k

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 October 2023 21 August 2024 On Time
Accounts and TAR 31 October 2023 21 August 2024 On Time Download Open in new window
Annual return 31 October 2022 19 July 2023 On Time
Accounts and TAR 31 October 2022 19 July 2023 On Time Download Open in new window
Annual return 31 October 2021 04 April 2022 On Time
Accounts and TAR 31 October 2021 04 April 2022 On Time Download Open in new window
Annual return 31 October 2020 11 March 2021 On Time
Accounts and TAR 31 October 2020 11 March 2021 On Time Download Open in new window
Annual return 31 October 2019 02 April 2020 On Time
Accounts and TAR 31 October 2019 02 April 2020 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 17/08/1998 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 02/10/2000 NOW ARTICLES ADOPTED BY SPECIAL RESOLUTION DATED 11/05/2011 AS REGISTERED AT COMPANIES HOUSE ON 12/07/2011

Charitable objects

THE CHARITY'S OBJECTS ARE RESTRICTED SPECIFICALLY FOR OR TOWARDS: (I) CONDUCTING RESEARCH AND TRAINING AND OBTAINING INFORMATION ON VERIFICATION MONITORING AND IMPLEMENTATION OF INTERNATIONAL AND INTRA-NATIONAL AGREEMENTS, ARRANGEMENTS AND RELATED ISSUES; AND (II) PUBLISHING SUCH INFORMATION BOTH INDIRECTLY THROUGH THE MEDIA CHANNELS AND DIRECTLY THROUGH ITS OWN PUBLICATIONS

Area of benefit

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

NOT DEFINED

Contact information

Address:
VERTIC
THE GREEN HOUSE
244-254 CAMBRIDGE HEATH ROAD
LONDON
E2 9DA
Phone:
02035996146
Email:
vertic@vertic.org
Website:

www.vertic.org Open in new window