2023-12-31-accounts

			Page
Legal and administrative		information
Trustees' report			2-9
Independent	auditors'	report	10-13
Consolidated	statement	offinancial activities	14
Consolidated	balance sheet		15
Charity balance sheet			16
Consolidated	statement	ofcash flows	17
Notes to the	financial statements		18-36

Trustees			Lt Gen SirAndrew	Ridgway,	Ridgway,	Ridgway,		KBECB DL (resigned	KBECB DL (resigned	7 September 2023)
			Mr William Bannister
			Mr Steve Rowbotham			(resigned			7June 2023)
			Mr David Webb
			Mr William Suttie
			Ms Kate Adie, OBE	DL
			Mr Anthony Woodhouse
			Mr Alexander Walters
			Mr Oliver Barnham
			Col Jason Williams		(resigned			7	December 2023)
			Mrs Yun Sun Choi
			Ms Andrea Bishop
			Col Nicholas Serle
			Col Patrick Williams		MC ADC
			Mr Scott Milne (appointed				7 June 2023)
			Sir William Rollo (appointed					7	June 2023)
			Mr Martin Rutledge		(appointed				7June 2023)
			Brigadier Gavin Thompson					(appointed 7 December 2023)
Secretary			Paul Dolan
Company registered		number	04962619
Charity Commission
registration	number		1102661
Registered	office		Bovington Camp
			Wareham
			Dorset
			BH20 6)G
Museum Director			Richard Smith OBE (resigned 20 October 2023)
			Simon Prager (interim			21	October 2023-1January			2024)
			Chris Price (appointed			2 January 2024)
Auditors			Saffery LLP
			Chartered Accountants
			Midland House
			2 Poole Road
			Bournemouth
			BH2 SQY
Investment	advisers		Investec Wealth and						Bankers	Barclays
			Investment							Tagus House
			30Gresham Street							Southampton
			London							Hampshire
			EC2V 7QN							S0142ZP

				Restricted	Endowment	Unrestricted	Total funds	As restated
				Funds	Funds 2023	Funds	2023	Total funds
				2023		2023		2022
			Note	E		6	6	6
Income from:
Donations, legacies grants		and		312,270		1,532,398	1,844,668	2,152,435
Other trading activities						3,821,030	3,821,030	3,188,194
Investments					28,285	248,827	277,112	171,154
Charitable activities						3,575,551	3,575,551	2,710,519
Total income				312,270	28,285	9,177,806	9,518,361	8,222,302
Expenditure on:
Raising funds					6,533	3,700,560	3,707,093	3,267,235
Charitable activities				699,678		4,318,471	5,018,149	4,290,469
Total expenditure				699,678	6,533	8,019,031	8,725,242	7,557,704
Net income investment gains	before			(387,408)	21,752	1,158,775	793,119	664,598
Net gain/(loss) investments		on			76,440	281,912	358,352	(767,069)
Net
income/(expenditure)				(387,408)	98,192	1,440,687	1,151,471	(102,471)
before transfers
Transfers between	funds			43278	~34178	~8300
Net movement in funds				~344730	63414	1432 187	1 131471	~202 471
Reconciliation offunds:
Total funds at 1January 2023				11,309,119	1,231,695	15,078,209	27,619,023	27,721,494
Total funds at 31 December 2023			17	10,964,989	1,295,109	16,510,396	28,770,494	27,619,023

					2023	As restated
						2022
			Note			6
Fixed assets
Tangible assets					17,571,603	17,684,360
Investments			12		6,009,475	5,423,209
					23,581,078	23,107,569
Current assets
Stocks			14	423,174		451,255
Debtors			15	423,607		454,947
Current asset investments			12	1,129,903		1,077,930
Cash at bank	and in hand			3,932,156		3,166,180
				5,908,840		5,150,312
Creditors:
Amounts falling due within one year			16	(719,424)		(638,858)
Net current	assets				5,189,416	4,511,454
Total assets	less current liabilities				28,770,494	27,619,023
Represented	by:
Designated funds Restricted funds			17 17		11,803,906 10,964,989	10,163,646 11,309,119
Endowment	funds		17		1,295,109	1,231,695
Unrestricted	funds		17		4,706,490	4,914,563
Total funds					28,770,494	27,619,023
The financial	statements	were approved	by the	trustees on	fiJ	and signed on their behalf by:
Sir William Rollo

				2023		As restated
						2022
		Note
Fixed assets
Tangible assets				17,571,603		17,684,360
Investments		12		6,009,477		5,423,211
				23,581,080		23,107,571
Currentassets
Stocks		14
Debtors		15	466,143		703,870
Current asset investments		12	1,129,903		1,077,930
Cash at bank	and in hand		3,545,172		2,671,502
			5,141,218		4,453,302
Creditors:
Amounts falling due within one year		16	(423,618]		(426,188)
Net current	assets			4,717,600		4,027,114
Total assets	less current liabilities			28,298,680		27,134,685
Represented	by:
Designated funds		17		11,803,906		10,163,646
Restricted funds		17		10,964,989		11,309,119
Endowment	funds	17		1,295,109		1,231,695
Unrestricted	funds	17		4,234,676		4,430,225
Total funds				28,298,680		27,134,685

			2023	Asrestated
				2022
		Note
Net cash provided by operating activities		19	1,627861	1,097,808
Cash flows from investing activities Dividends, interest and rents from investments			277,112	171,154
Purchase ofproperty, plant Disposal ofinvestments Purchase ofinvestments	and equipment		(858,251) 1,183,313 ~12.69633.12999	(417,587) 650,838 ~685.316
Net cash used in investing	activities		861,025	280,911
Change in cash and cash reporting period	equivalents in the		765,976	816,897
Cash and cash equivalents	brought forward		3,166,180	2,349,283
Cash and cash equivalents	carried forward	20	3,932,156	3,166,180

	Restricted	Unrestricted	Total	Restmcted	Unrestricted	Total
	funds	funds 2023	funds	funds	funds 2022	funds
	2023		2023	2022		2022
				8
Donations	150,888	383,539	534,427	333,265	279,743	613,008
Legacies		21,293	21,293
Grants	161,382	141,516	302,898	286,355	315,414	601,769
Gifts in kind		986,050	986,050		937,658	937,658
Total	312,270	1,532,398	1,844,668	619,620	1,532,815	2,152,435

ading activit	ies
		Total funds	Total funds
		2023	2022
		6
Charity trading income
Turnover		3,821,030	3,188,194
		3,821,030	3,188,194
Fundraising	trading expenses
Cost ofsales		2,076,793	1,693,570
Administrative	expenses	294,229	365,011
Salaries and overheads		984,203	646,702
		3,355,225	2,705,283
Net income from trading activities		465,805	482,911

Total funds	As restated
2023	Total funds
	2022
	6
277,112	171,154

			Total funds	Total funds
			2023	2022
				6
Primary	purpose	trade	3,334,093	2,521,656
Ancillary	trade		241,458	188,863
			3,575,551	2,710,519

6 Total	expenditure	expenditure
Currentyear			Staff'	Other	Support	Governance	Total
			costs	direct	costs	costs	2023
			(Note 10)	costs	[Note 7)
Expenditure		on raising
funds
Fuudraising				32,884	33,890		66,774
Publicity and		advertising		194,803			194,803
Fundraising		trading	1,000,702	2,354,523			3,355,225
Generation	ofinvestment			90,291			90,291
income
			1,000,702	2,672,501	33,890		3,707,093
Expenditure		on charitable
activities
Primary purpose trade			64,327	1,569,764	2,344,129	53,880	4,032,100
Intangible	expenditure			986,049			986,049
			64,327	2,555,813	2,344,129	53,880	5,018,149
Governance				19,990	33,890	(53,880]
			1,065,029	5,248,304	2,411,909		8,725,242
Support staff costs			1,907,698		(1,907,698)
			2,972,727		504,211

6	Total expenditure	(continued)
Prior Year as restated		Stafi		Other	Support	Governance	Total
		costs		direct	costs	cos'ts	2022
		(Note 10)		costs	(Note 7)
Expenditure on raising
funds
Fundraising				16,776	29,068		45,844
Publicity and advertising				205,018			205,018
Fundraising trading		805,383		2,148,681			2,954,064
	Generation ofinvestment			62,309			62,309
income
		805,383		2,432,784	29,068		3,267,235
	Expenditure on charitable
	activities
	Primary purpose trade Intangible expenditure	62,070		1,162,816 937,658	2,084,840	43,085	3,352,811 937,658
		62,070		2,100,474	2,084,840	43,085	4,290,469
	Governance			14,017	29,068	(43,085)
		867,453		4,547,275	2,142,976		7,557,704
	Support staff costs	1,747,308			(1,747,308)
		2,614,760			395,668
7 Support costs
	Current year	Costs ofgenerating		Governance		Primary	Total 2023
		voluntary	income			purpose
			6
	Staifrelated costs		1,630		1,630	159,732	162,992
	Other costs		4,274		4,274	332,672	341,220
	Wages and salaries		24,355		24,355	1,495,845	1,544,555
	National insurance		2,058		2,058	201,712	205,828
	Pension cost		1,573		1,573	154,168	157,314
			33,890		33,890	2,344,129	2,411,909

pport costs (contin	ued)	ued)
Prior Year	Costs ofgenerating		Governance	Primary	Total 2022
	voluntary	income		purpose
Staffrelated costs		1,044	1,044	102,341	104,429
Other costs		3,441	3,441	284,356	291,238
Wages and salaries		21,575	21,575	1,403,342	1,446,492
National insurance		1,967	1,967	192,768	196,702
Pension cost		1,041	1,041	102,032	104,115
		29,068	29,068	2,084,839	2,142,976

etincoming r	esources	esources
This isstated	after charging:
					2023	2022
					6	6
Depreciation	oftangible	fixed assets:
—owned	by the charitable		group		971,008	862,224
Auditor's remuneration		—audit			19,250	19,800
		—non audit services			5,100	1,350
Stock provision					10,042	7,000
During the year, no trustees received any remuneration				(2022:Enil)

affcosts
Stafi'costs were as follows:	2023	2022
	6
Wages and salaries	2,590,205	2,301,345
Social security costs	216,661	205,131
Other pension costs	165,861	108,284
	2,972,727	2,614,760

mployees durin taff):	g the year expressed as full time	equivalents was as follows (including casua	l and part-time
		2023	2022
		Number	Number
Museum staff		98	92
Administration	staff	1	1
		99	93

e table belo	w	details the heri	tage assets	in the course ofb	eing catalogued	and the progr	ess to date.	ess to date.
						Total 2023	Total 2022
						Number		Number
Documents	&60c/o completed					63,410		62,455
Journals						2,616		2,628
Maps/technical		drawings				4,314		4,296
Photographs	and images					264,310		263,000
Total						334,650		332,379
Catalogued	heritage assets		2023	Net	2022	2021	2020	2019
				movement
			Number	Number	Number	Number	Number	Number
Vehicles,		trailers,	409	1	408	384	378	378
turrets etc.
Audio visual			5,438	48	5,390	5,071	4,960	4,707
Books			10,269	(665)	10,934	10,797	10,292	10,276
Equipment Art/silver Flags Medals			5,280 850 470 3,627	(15) (13) (12) (170)	5,295 863 482 3,797	5,250 857 477 3,713	5,068 830 460 3,192	4,971 926 460 3,175
Memorabilia			3,213	(64)	3,277	3,232	2,979	2,966
Models			1,068	9	1,059	1,112	1,046	1,044
Uniforms			7,559	161	7,398	7,849	7,077	7,046
Weapons			1,064	12	1,052	1,159	955	949
Total			39,247	(708)	39,955	39,901	37,237	36,898

xed asset investments
	Listed
	Securities
Group and Charity
Market value
At 1January 2023	6,501,140
Additions	1,463,199
Disposals	(1,183,313)
Gain on investments	358,352
At 31December 2023	7,139,378

rincipal subsidiaries	rincipal subsidiaries
Name ofundertaking		Registered	office	Class ofshare held	e%%d	Assets	Liabilities
					Held
The Tank	Museum Trading	Bovington	Camp,	Ordinary	100.00	1,008,631	524,291
Company	Limited	Wareham,	Dorset,
(registered	no.02236998)	BH20 6JG

ebtors
					Grou		Charit
				2023	2022	2023	2022
							6
Trade debtors				66,232	37,725	38,734	16,279
Amounts	due	from	subsidiary			153,129	311,595
Other debtors				29,620	12,753	19,697	12,779
Prepayments		and accrued income		327,755	404,469	254,583	363,217
				423,607	454,947	466,143	703,870
editors:	Amounts		falling due within	one year
					Grou		Charit
				2023	2022	2023	2022
				6
Trade creditors				267,796	219,832	88,241	87,577
Other taxation and social security				30,943	53,705	28,332	53,705
Other creditors				106,067	56,409	103,857	52,816
Accruals	aud deferred income			314,618	308,912	203,188	232,090
				719,424	638,858	423,618	426,188

Movement	offunds for	the year
	As	Incoming	Resources	Transfers	Gains/Posses)	At31
Current	restated	resources	expended	in/(out)	on	December
year	At				investments	2023
	1January
	2023
	6
Designated
funds
Fixed assets	4,601,910		(137,224)			4,464,686
Vehicle store	1,000,000			1,000,000		2,000,000
2054 fund	3,483,806	79,924	(19,019)	411,620	252,986	4,209,317
General
resource	1,077,930	28,649	(5,602)		28,926	1,129,903
	10163646	ltl8 573	~362045	1411620	281,912	11,803,906
General
funds
Reserves	4,914,563	9,069,233	(7,857,186)	(1,420,120)		4,706,490
Total unrestricted funds 15,078,209		9177806	~8039033	~8500	281,912	16,510396
Restricted
funds
Buildings	10,331,966	15,768	(333,984)			10,013,750
Exhibitions	856,704	75,323	(218,526)	34,778		748,279
Revenue	120,449	221,179	(147,168)	8,500		202,960
	11,309,119	312,270	~699.678	43,278		10,964,989
Endowment
funds	1,231,695	28,285	(6,533)	(34,778)	76,440	1,295,109
7 7% 0*	27,619,023	9518361	~8,725,242		358,352	28,770,494

Stateme	nt of	funds (continu	ed)
		At	Incoming	Resources	Transfers	Gains/[losses)	At 31
Prior Year as restated		1January 2022	resources	expended	in/(out)	on investments	December 2022
Designated
funds
Fixed assets		4,740,771		(138,861]			4,601,910
Vehicle				(20,471)	20,471
restoration
Vehicle store		1,000,000					1,000,000
2054 fund		3,591,537	78,694	(14,763)	290,000	(461,662)	3,483,806
General
resource		1,164,220	26,421	[5,198)		(107,513)	1,077,930
		10496528	105,115	~179.293	31tl,471	~569.175	10,163,646
General
funds
Reserves		4,430,752	7,469,035	(6,695,224)	(290,000)		4,914,563
Total unrestricted funds 14,927,280			757415tl	~6874517	20471	~569375	15078209
Restricted
funds
Buildings		10,567,793	101,285	[337,112)			10,331,966
Exhibitions		638,417	336,465	[186,721)	68543		856,704
Revenue		112,387	181,870	(153,337)	(20,471)		120,449
		11,318,597	619,62~	~677.170	48,~72		11,309,119
Endowment
funds		1,475,617	28,532	[6,017)	(68,543)	(197,894)	1,231,695
7 17	0	27721494	8222302	~7557704		~767,069	27,619023

	As restated fund bala	nces a	sa	t31December 202	2 are represented	2 are represented	2 are represented	by:
				Restricted	Endowment			Unrestricted	Total funds
				funds 2022	funds 2022			funds	2022
								2022
								6
	Tangible fixed assets Fixed asset investments			11,120,127	1,231,695			6,564,233 4,191,514	17,684,360 5,423,209
	Current asset investments							1,077,930	1,077,930
	Current assets Creditors due within	one year		188,992				3,883,390 ~638,838	4,072,382 ~638.858
	Total			11,309,119	1,231,695			15,078,209	27,619,023
19	Reconciliation ofnet movement			in funds tonet cash flow from			operating activities
								2023	As restated
									2022
									6
	Net income/[expenditure)		for	the year (as per Statement		of		1,151,471	(102,471]
	Financial Activities)
	Adjustment for:
	Depreciation charges Loss on disposal offixed assets							971,008	862,224 2,087
	Non-cash fixed asset	accrual						116,451	(116,452)
	(Gains)/losses on investments							(358,352)	767.069
	Dividends, interest and rents from investments							(277,112)	(171,154)
	Decrease in stocks							28,081	15,201
	Decrease/(increase)	in debtors						31,341	(89,670)
	Decrease in creditors							(35,887)	(69,026)
	Net cash provided by operating activities							1,627,001	1,097,808
20	Analysis ofchanges in	net debt
	Currentyear			Balance at 1January 2023	Cash flows			Other non-cash changes	Balance at 31December 2023
				6			E	6	6
	Cash in hand			3,166,180	765,976				3,932,156
				3,166,180	765,976				3,932,156

lysis	ofchanges in	net debt (continued)
Prior	Fear	Balance at		Other	Balance at
		1January		non-cash	31December
		2022	Cash flows	changes	2022
		6	6		6
Cash	in hand	2,349,283	816,897		3,166,180
		2,349,283	816,897		3,166,180