2020-09-30-accounts

THE MILITARY VEHICLE TRUST

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDING 30[TH] SEPTEMBER 2020

REGISTERED NUMBER: 02226906 (England and Wales) CHARITY NO. 327768

Rushtons Chartered Accountants Shorrock House 1 Faraday Court Fulwood, Preston PR2 9NB

Contents

Contents
	Page
Administrative	2
Report of the Trustees	3 to 6
Independent Examiner’s Report	7
Statement of Financial Activities	8
Balance Sheet	9
Note to the Financial Statements	10 to 15
Detailed Statement of Financial Activities	16

2

ThE MIUTARY VEHICLE TRUST TRUSTEES. AND fxRECTORS' ANNUAL REPORT FOR THE YE•R ENDED 30 SEPTEMBER 2020 Tha trustoes wesent ther anrojal rewrtt0vthw￿ith theffflancRI staterrrrt5 ofthe tharity for the year ended W SeFtsnr 2020. %%thich are atso prerAred to nEetfv wuirewentsfor a diredors. reFhyt and acrnuThts for Coryonksact purposes REPORnNG FRAMEWORK truées have #do￿￿ed the K￿y￿￿)n$ of Atunty arwj ReW￿r¥j ty CtritS". Statérfvrt of RecorrYrnded Prath app￿￿blet0 trAritse5 preparirJ theiiaccounts in accordance the F1rar￿11 &and•rd th• UK and Rewthol IFRS 1￿2) leffedive 1 January 201•. OBJECMVES AND AciivmES Charitable Obi2CtS TNtst i% otstaNBhed forth• purp)$0 of ￿$torit￿J a￿1 mltsry vohKle8 of hi8torKal nterest and the pre5ervalh)n of books. dra￿lrys. record5. dwjrnents. sO￿d ard V￿U￿1 recordings. fl￿. photographs and olher ndia eptrÈmera reLitirvJ to suc ¥ehKAe5. thwr historyand do¥0￿p￿r￿nt. and pron))ts"w aThJ the samo akn in othèrs. In ￿rthranc￿ oftho abov• obJ"Kts not 0thor4%w th• dyodors shal hav• tho tr•.. gani8e. sponsoi aThJ supp)rt n4tsry and othtrr Sh￿ and e¥tts and erK¥urage the appearartt of histori¢ rrriltsry vehKles at evenls and for the provNon arKI stirryjation of wrfo1￿￿bo￿. educat￿ and irte￿ in vehth8. Adivities OJr mi55ion,'keeprg our rrthan￿￿1 veterans alive" ￿ a¢h￿Ved by r￿[ea￿n9 indNbYual and Ile¢tve knowkdge understrndirMJ d ￿1htary vehths artel3ctsthro￿h nebwrking aThJ oducalon ofmanbers olthe MVT prt. rroin a¢thknes tsft￿ drtrity ate". 1. ProrTh)ting the restoratson and preservation of rri1ttary￿P￿￿es. ar. 3 Pro￿11￿ branded iterrts to worTh)te our dHrty raFE lund& 4. Gniw adv￿@ to othn•rs and potental ovmèrs irt h&onc rThltsry vohides. S Encouraging the appearance of histonc rrittaryvehic4ès at events and shovts. 8. Organisiw. sponsorYKJ and SUPKX)rting tYilit•ry v¢hKas and such other $hty5 and events. alun to oui tharikble oLFcbfor provisiDn and stirr0Jkt￿n of information. education and interest in such vehicles 7. ￿0vI￿on of irforNoiK)n a¢cess to our 8r¢hYved th)wTrnis. 8. lfisitirw schoobarvj other edu(atr)n establ"shrrErts 9 &Jpporbng a ne￿ork ot wr areas. faaklates Ixal to an gr￿ tho opportunty to excharue inforrrAtpJn and how eventsthat are oyn to the PU￿1C. 10. Prowding wbsrte and S￿81 for wovish>n of Infor￿t￿)n for tke ￿norrt. Thè trustoos hav• updat•d ¢kKurrntation acaxdry to th• Chanty Cornn75sbJn gUklarK• on Pu￿￿ benefftand ensured Ihat the orgardsation corrwks in all r¢sfft.

TrE MIUTARY VEFHCLE TRUST TrUSTEES' AND DIRECTORS. ANNU￿ REPORT FOR THE YEAR EN￿0 30 SEPIEMBER 2020 Public Benefft Thè truste¢s o)nfimthat tht or9antsath)n tr•ts its obJodNes and out a(al¥l￿5 forth• beneftthrough the folkMir#J aives'. Everrt5 open to the public that OLT Frprrkn5 atterKI Vi5it5 to schools and other educalh)rAI eSta￿lShrrnnts. Area ffttbngs. ind￿11￿j presertstior68btsul rebtr4e subjects. ale open to the Engag•m•r&￿Ilh othgl tt&rth•s oryani5ation5 that strAr• Irtany otourwmrTh)n tsbj¢dives. ACHIEvEm￿T AND PERFORmAP￿E Tho tru5to•s are ploa5•d to pr•sgnt thg VghK40 Tn￿t Tru5t905 R•pJrtfoT Iho y•ar ended 3CW S•ptertr 2020. The Military Vohh￿Q Tn& ￿ Ihe Lirge5tOTganisabin of fG type in the v•Jrld and this ￿ar h05 8•on subs¢npbon nurtrs it)rxe8s0 to 5.666 nrrtrs. It ￿ roThrkable th•ttho1oam of unp8hJ volunteers wntinue lo rrwntsin th￿ Status arvj y￿ very rrvxh tharth our Counol offKers, ￿ 34 ea Seuetaiiesand their Area offKtts. and all our rrerrthrs for rro¥vJ Ihis w￿ble. Last year's ¢h8rvJe b) our rew meTrtrrshy servi￿5 prowder. to Cope with the increasng nurrbe￿. 15 now prowding a hvJh qualty servre. ahhou9h there are slil steps to be rnnweted ror fwthor inyrovgrnènts continuè to Sèé bènèrrts of this fastor and rrK>r8 trasity a¢¢osstd sèrvth for L¥Jth rrmborship applLtvJrts aThJ iongwaL%. Cknrth• oJurs• of thè kast y8artho Coionavints panderric has csjrtaikd our activt￿. Howèvel. merrber5 have been abk to safety 5UPP)rt the rrAiof annwersarios occurred during the year. ￿lL￿fOl￿V￿rvj the a￿¢¢ v ¢istntrMrted tyk)ThJ Kith natK)nal and ID¢al guidelines. By do￿9 so hawE (bne eve[Yth￿9 theyoxn to help us rret our charrfablè objects. The Trust provides types of wbfK IBtrAIty nsur￿r￿e as a methrship benefrt. to en￿uraGe the arv6aMnce of hthorr rniitary veh￿&$, and Ihe wuipffnl rets1￿0 10 such vehKaes. 8t publ￿eVentS and SI￿thrOUgh0u¢ the yeai. We a￿ conknualty wdatln9 th2 Trust's Code of Condudto tnsuro thé wosontstion of tyJr dolity ts exerrylary and all trvtnts aro as saf0 as they can Possi￿ be. Usual. last year our rrrrkner5 altonded Servi￿5 of Rermrrknranc¢ thro￿￿)ltthQ UK 05 as sorrt in Europe Last sumw sswr(¢ny of our ftnws stspporbNJ events lo rywrk the 7 annivetsary of the [￿DaY tsndings. In June. ￿USt and septerT￿r yeaT. rnBrrbErs put on their srrAler d￿)￿yS crtjtsbje their harr￿t0 rrArk the 75 knnp4er53rie5 of VE and VJ LTrays. the PAlb annwersars or t￿nkIrk and ts eatye of Britain ppottirvJ otherorgan¢￿tlonS. veterdrs a5socHtiors. ￿lIS to care horrEs. the Royal Br￿h Lègion Poppy A￿31 and H• for H8roos is routin• for rmst msntsrs. though du• to tr r¥tri(K>ns imposèd bythe It￿ havtr ts)nsbYora￿ ro￿￿0￿ and ￿re onty a￿e to take P￿ce %there kical restricbon5 PAd been ea50d. To support our mAner5 wè Thjrrrolty provbje bas￿ Safety avRrene55trainrJ COLT5e5 at UK locations. butthis yearboththe planned fell Vbnto the panderrric. Thi5 initiative is pgrbcubrty foojssed on ¥nrKo¥ing Ihe $8f fA rmwThJ veh￿$ at events and s￿)v￿. lie￿8•5 are also gwon bas￿ tr••mng in f¥si aFJ and ￿ use of oAtinguthrs.

ThE MIUTARY ￿1cLE TrUST TrIJSTees' AND ryRe¢TORS' ANNUAL RepoRT FOR ThE YEAR ENDED 30 SEPTEMBER 2020 OJronlino"E.Shop-%thK offers trfanded letY6frx pu￿ has woved popU￿r amtvJstth rrerrkners and there has been a stea(ty Ibwof saks after the interestwhen it opened. Such it•rrE, mainty dothiro. to prormto a￿Or&nos5 of our charty arKI raLS& funds JarrEs Holland, the aUt￿r and l￿￿(ka51eI speaali5t IMV2 h￿Ory and a oad kno%%4edgè of all thn9s rrdiory. rerroh75 our Patron. aro gratthil lo J3rn•5for h nlinuing supwrt of ow th8rtable obj81￿￿$ a¢tivit$. Miltsry vtsh￿ TruSt¢0￿￿U￿#to ￿ a Inwrml Vwdr Museuwts. Spe¢Mli$t Su4'ect Netr#irk FINANCIAL A￿Ew Principa lurKlin9 sources The princpal fundThJ souvces dLWVV th2 ￿TY￿re frovn subscriFlbJrs adve￿￿. Reserves PDIicy accordance wilh 9￿￿lineS issued Lry the CharityCorrwwi58b)rth3. the truth¥ have adoFled 4 poliy regarding the reseNes. thich shouhl ensure al T￿re arè adèquo1• fuTrts to ens￿rg thatthe Charty is aw• to o￿t 811 rAJffert and knts￿ fu￿r$ Irdbiithes. bl Free reserves d) Th)t exc¢d rrtsre Ihan 18 of antryatsd expendture forthe tr￿1 to nEet its oblvJab"ons to up nrntrrs. The trustee5 CO￿￿1er the ￿Ve1 ol r￿UrceS at regukr ffrterval> Goiwj Co￿eM The Cha[￿e5 rrAin source of into￿ rr£netsly sthuikthons and thrtrs¥vJ. The trué¢s ¢tsnsAd¢rlhat it Is apwokyote to kyeparé the a¢¢ourts tsn a wirwj ty>n¢¢m basts and nsequenty. the aCCOLnts do rb)t inc¥Ae any adj'ustrrnrts thaty￿U￿1 be necessary rf Ihese soui¢es of ir￿rre shouhj ￿&se. F￿￿re Flan5 s we rrh)ve thro￿ 2020 into 2021. contirrt￿ kn be of the envirorwnent a operating in Request of sUPPOrtfoi annNersaty wrTwrErmraiKbn5 and othpr evetts and stws are alreaty b￿n9 receNed. txrt ￿ are presenty unsure ￿wrrrtny oflheso ovonls ￿111 be ablg to yo ah¢ad du 1¢ the (aNJiw pande￿ sit￿￿0￿. The trustees continue to be aware clthe need to Teviewthe fdhJw¥vJ aTeas of the tharty to ensure that t remahis rrt lor rAIrF￿.. Govoming do¢unrt. Al pols and yo(dur•s. Trustee trainrMJ. ind￿#￿)n ro wofik5. Risk Dwr￿ew￿nt. So¢￿1 rTdia and%t6rttr (kslok¥rt (Xjr key prwQEs in 202(¥2021 are.. Er￿Uraging Areas ty growby edu(ational events aThJ presontatuB Ihat arè opon lo th• publK aTrJ to •rtfac• now dgital tthr￿￿. grwng our nrrtrshy. IrrFroving avaAabQty ol irrfornHlb)n 10 I￿ irydvJitts¥¥J our r0fvr￿Il)l*ry ar rtb.ng It onlino.

IHE MIUTARY VEHICLE TRUST TRUSTeES' ANO ThRe¢TORS' ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2020 STRUCTURE, GOVERNAPKE AIAPIAGEMENT Gowrning document The tharly is cortrolkd by ts govetniw a deed oltrwl ar￿ ￿r￿luteS a lThted cnmpany, lirritod by guaranto•. as dofinèd byt￿ ConTAnsAd XKAS. AppDintrnert of truste25 Tho IrJsteos. th) aro diredors ofthe o)ryany. are arwrted tryth• rrrtrs Ih"litary Vehide TTUSt li an 0rdr￿ry general rrelwy. Trustee irylu¢tion and trainiThJ Cutrert t￿￿tee5 afe fawiliar Ihe ofthe ttAwtyas a re5uttof a brg5tandirg conneLon or awaronoss ortho olgan￿￿ts0n. N•wtnJsts•5 arè Invit￿t0 att•nd rnèétings. gv8nt5 and a(MlS 1¢ familiantse the MJrk ofth at)d thtr c￿1xl in ￿1¢h it oporates. Tiustee5 are encouraged to attend speafic tsu5tee traming and the chartyfolh)M N¢VO gubJan¢e on"Good Tnjstee GovemarKE and Leadershy" ar￿ requires all trustees lo on and adhtre to NCVO starKiard Trutre Dtrdaralv)n and Trustee Codo of Ctsndu￿. TRUSTEÉS ￿spON&81LrnÉs IN RELATIOM TO ThE FINANCiAL STATEMÉNT The trustees. th are also dYe(tor5 ofthe tharty forthp pwwse5 of Ihe Cotryan1es kt x￿6, are resp)nsibk for Wewring and presenbrvJ the Tn&eos' Anr•J￿ Report report v4th the fronoal tst¥tonrts of fv ¢harityfor yo•r SoFrterrtr 20X>. i) a¢¢ord8D( vdth app1KaL￿e lawand UKknuntw StaThJard5. Corrpany bwrequires the tntsteesto wep31e firAncial slaterrentsfor eath fin3nrAal year. gwe a t￿e arvj fair vkwof Ihe 51ate of afTrdifs of th2 dHrrtable oyJrnkYny arKI of the In¢orThng rtrsour¢ès arKI a￿tation ol iesour¢os. iKknYin9 th¢ ir%y>rr and ¢xponditufo, of tho thaitable companyforthat period. In preparing Ihese finarKial ststerrents. the ￿te¢S are requved io.. Sekct Sultsble a¢¢oJntw and then •prty thom conststorfy. Observe th¢ rnèlhod5 and Prr￿pIeS In the Chark5 SORP 201S IFRS 102). Make judgrfents an(J eSti￿te$ Ihal are rea$or0￿ FKudenl. state vthelh0rap￿i¢•b￿ UK Ac¢ountifKJ &and•rds have boen follo¥d. subjectto any rtHleri31 departures dIsc￿sed and eXp￿Ined in the slatefflpnts. Prepare the financ4al staterrrrton the 9)ing o)Th2rn basi5 unkss t 15 inpprowmts to presJr(t that the ¢tor¢8bk IX>mpany th•ll continue in tspera￿n. The trustees are resrX)ns>￿ for keepiry adequate accountsry records that disdose ¥￿th raasonable a￿￿8¢￿ atany th￿ the finèroal pog¢)n ofih? thartsble ￿MpanY8nd enalye themto ertsure thai the ststerTEnts corryfy thp Corryan￿$ Ad 2rix. They are also re5pon5ble for safeguardff￿ Ihe assets of the chartsble corrpany and ￿nce fortaknng r•8sonatdo steps foi the w&vonbon and deto¢lK)n offraud and othw regubftti•s. SMALL COMPANY PROWSIONS APPROVAL This rep)rt ha5 been wepa¥ed in acwrdan(x YAh the k¥ovtsi)ns ap￿￿>ble to wxpan￿¥ entil￿d to the srrAI ￿)rrPan￿S. exe￿n. by th• Board of Tntst•￿ on......13/.121.20.2Q...... and s¥Jnèd on its b&hatt by.. &rrDn BroM￿Y Soerotsry notes rtW slatemenL5

IHE MIUTARY VEHICLE TRUST INDepeNDeNT EXAMINE￿$ REPORT TO THE TRUSTEES OF IHE MIUTARYVEHICLE TRUST Independent examI￿S rwrt to thR trust4•s of The Milrtary Vehicle Trust I'th• Company) I report to the ¢harty OTr ryexaDwli)n acuurts r+the Corrronyfor the ￿81 eThJed 30 2020. RSF￿51￿m1it￿S arml basis of rwrt As the charitls trustees of the Coryany laThY 315) its drertor5 foTthe purp)5e5 of ¢ompany bw) you are resrM)nsibk forthe preparatK)n ofthe in •¢cord¥r￿8 ith the iequifern8rs ofthe 2C(6 2(￿ Hairino Sol￿ri￿ ry5•Y that oltho Corrp3nyarè Mt r•quKèdto bo auditèd under Part 16 ￿the and a￿ elwjiblp for ThJepÈndpnt examirI￿n. I repjrt in respect of my eXaMT￿t￿jn of your accounts as carrièd out uThYer section 145 of Ihe Charibes 2011 (the 2011 Pd). In ￿try1r￿j OLt rrry exarrinalion I have foloMEdthe [￿red￿n5 gNen by Ihe Chatity CoThrfri5sM)n under seditin 145151 Ibl ol Ihe 2011 Act. Irthpendent exarrMrs statemert I have ¢orykt¢d trtye￿rThn8titsn. l ¢wthmth8t rKJ have to nw atnth)n n connectb?n %•h the eyArrinalb)n gi¥7y rny ￿1￿". accounting re(J)rdsvrÈ rv)t keo 1 respèd of Corryjanyas requwed by sÈ¢tion 386 of the 2(￿ kt.. or the ac¢ountsdo not a￿)rd v&h thosé ro¢(Yds oi the accountsdo not wrrpty%ththe accourfirg rewirem?nts of 8eGIxn 396of the 2006Act other than any requeNrt Ih•i the a¢¢ouMts andf8irvbw%%fiich is nota tYAttei conskl8rgd as part ol an nd•p•ndènt •xarrinalkin'. or tho a¢tounts havo not pre￿[¢d in I￿rd#￿￿e thtr nwthods aThJ wintspltrs ¢fthè Staterrnt of R￿orr￿nerded Prac1b￿ for aco)unting and rep)rting by chafibe5 lapplicabk to charities pre￿rr￿j the¥ accounts in a¢tordartr V+h the FinarKial Rerxjrtng Stsndard ap￿ICab￿ in the UK and Rewil¢of holand IFRS 10211. I hav• no concrns havo tsimo acfOSS no othorn¥tt•rs in connKtion ¥bith th• eXArrination to attention 5houl4 be dravM in Ihi5 report in ordBrto a proper Understs￿l￿g of the •¢o)unts lo be rea¢tsd. rn Cahrt ACA Institthe of Chartered NrO￿tarts in E￿nd arbjwaks Rushtons Chartered P¢cO￿tants Shorroo Hou* 1 Faradaycourt eston PR2 9NB

TrE MIUTARY VEH￿LE TRUST sTATEM￿OF FIPi4TrKI￿ ACTMMES FOR THE YEAR ENCED 30 SEPTrIBER 2020 2019 Totsl fund8 Totsl furds INCOME AND ENDQV¥MENT5 FROM tbnations and legaoes 16&. 168, 176.710 Cther trading actwibes In¥Estment incorne 15.IC 15.1C6 14.552 104 Total 184.(87 184,167 191.366 EXPENDITURE ON Rai%ng futs 102.7CQ 102.7ryJ 139.055 Cther 45.353 55.206 Total 148.Cfj2 148,C62 194.261 Net gainsllk)¥sesl on NET INCOMEIEXPENDITURE) .149 (2.49SI 33.&53 15741 RECONCILIAMQN OF FUNOS Totsl furKls fonvd 219.548 1e8.466 368,016 3B8.590 TOTAL FUNDS CARFUED FORYI*RD 255.897 1859n 421669 388016

THE MILITARYVEHICLE TRUST BALANCE SHE 30 SEPTEMBER 2020 2020 Total fuTh 2019 Total UMerKd Restrthd FIXED ASSErs lThstsrnts 87.628 115.915 CURRENT ASSETS St¢d¢s DebtOTS Cash at bar and in fr¢rKI 37.721 141.075 37.721 191 132 26,687 180.sgs 50.C67 23D.653 186.95S cRE￿ToRs Arnuntsfalling d￿ oThe￿aT 10 112.52n 112.52n 14.934) N￿CURRENT ASSErs 218128 182 021 TOTAL ASSETS LESS CURRENT LIABILITIES 255.￿7 1ffi.972 421.669 388,016 ASSErs 2$5.697 1￿.9n 421.669 388.016 FUNDS Unrostn¢t8d fwd5 Rest￿￿¢d fun¢ 255.697 165,972 219.548 1fj8.468 TOTAL FUNDS 421 669 The chatitable conpany is ent￿d to exerrw from audt ￿d￿r SeLon 477 of the Conyanies 2(K6tr the year ended 30 seFle￿ 21Y20. The rrErnbefS have not requwed the ￿rrPanY to 0￿1n an 3ud of iG frAnGial 513terrerts for ihe yoai onded 30 Semetthr 2020 n ac¢fMd8￿ Secon 476 olthe CoDyniosAct 20Cfj. Tho trustees a(novAtrdgothwr k)r IBI ensuring that Ihe charable ojrrpany keeps acco￿1￿9 rewrd5 that o)rrWy ￿1th Secb?ns 386 and 387 of the con￿n￿5 2(￿and Ibl prepaiing financial slatenErt5 gNe a lyue and fair of Ihe 5talp of affairs vl the chaiitabkn as at the eThJ of eath finarièl &ar and of is SLW or deficbt for oach finanoyal yeai in alw{dan￿ the requirenrts of Se(ons 394 arvj ￿ and thiGh olh8rwis• corrpty *ith th• r•quir•mènts of thè Conyank9s Act 2[￿ r￿n9 to finantsal These Tr￿n￿al 5tsternents have been wepared in accorfance Mith wovtsb?ns appSLxbkry to tharitabk corrpanES subjertto Ihe sn¥1 cOrrpan￿5 regure. The firk3nual slatenEnts ￿Ere apryoved the of Truslees aryl athorwl lor on and %4w8 swd on ts behav by.. S P &oTrIoy.TN

MIUT•RY VEHICLE TRUST NOTES TO THE RNANCIAL STATEMENTS FOR THE YEAR ENC￿ 30 SEPTEMBER 2020 ACCOUNMNG POUCIES Basis of preparing the financial stknmprts stat¢merts of ths (•rtsbb coft¥ony. is ¥ benerrt ortity und8r FRS 1￿1. have been prekBred in awrdarKe ith the Charitses SORP IFRS 1021 'A¢￿untInG and Report¥￿ by Char¢& StaieryÈnt of Re¢onTh￿e￿ Pracl¢e applK8Ne to Ghatttks prep3TWV Iheir ac(¥urrts in acCO￿ta￿e the Finanoal Reportiry Standard apVicabk In the UK and Republ￿ d Ireland IFRS 1021 leffectrrfe 1 January X1191'. Finanaal Reportiryj Star¢ard 1U2 Tho FirrKJ¥l Rop>rbng Stsndard appb¢ablo in tho UK aThJ Republic of Ireland, the Corrpanies 2CC6. The financial statem?nts hav? been epared under the hi5torvl cosl convention. V￿th the exception of Inve5tnETts are indudad al nrrket vahJ8. as ttytha ￿￿lU8￿)n ol¢ertain assots. Income l incorr 15 re0)yn￿d in the StstsmBrt of FinanLial kar41￿5 tharity has entllement to the fund5. it B wobab that the %%ill be reCep￿d and the anN)unt can be TragJred relkt4y. Ex￿nd([l￿? abilfoes are reCOgn￿ed as expend￿￿re as soon a5 thero is a or cor&rucwe oNvJation thnfy to that eXpend￿re. rt is protrbk th&1 a transfel of e¢OnOTnr btn8fts wll bp requwed in SelUEThrt and iho arnDuni of thè ￿￿alt￿)n bts measured relH. ExpeThlure ￿ aLrounted lor on an acuua15 basi5 and ha5 been e&s￿￿@d und•r hèadrys that aggrogato al cost r•&kd to tho catwry. V41F￿& cnnot bè dirècty atrbutéd to pa￿eutsr ￿adI1￿ thèy havè bèèn alk)¢atèd to aeNthés én A ba$1$ sto￿$ Stocks are vabjed at thÈ Its￿[ of arvj rt rÈalsatAÈ after rNkkng dup alowan¢e for obsokts and itorr£. Taxation chaity OX0trylfrom¢o￿rknntsX on its th81itabkn aclNikns. accounting UnrtstrKtsd ¢an i ) I¢())th￿t vAh thè tharitabb Ot￿ at Iho dk$¢rot￿n olthe trustees. RestsK#ed funds caTr onty t usad for partubr rostrtyxed puws 5%1￿1n tho obprts ofthe charty. Rostrkkirs aris• $pguW by Ihg dgnor or funds aro rai59d for ¢ular rtrKtsd MXKJses. Furth¥ expbrobon rl the T￿￿e aTrJ Fwpose of i5 the D¢Xe5 to the I[na￿l st8ttrftrts. 10

THE MIUTARY VEHICLE IRUST NOTES TO IHE FINANCIAL STATEME￿ts. ￿ntinU￿1 FOR THE YER ENDED 30 SEPTEMBER2020 OTHER TRAUNG ACTMTIES 2019 Atheibsi 14.030 12.807 1.745 15.1C 14.S52 INVESThIENT INCOME 2019 Interest rerwable. Irw¥rJ R41SINQ FUNDS 2019 SWrto￿ts 4.3 TRUSTEES. REMUNERAMON AND BENEFIT5 2019 Gentrral seuetsry 522 878 Trust44s' ax￿$ There wEre no trustees. experffjes Fokl lor the year eThYed ￿ SerAerfer 2020 nor for the yt8r trndad 30 Stkrtertr 2019. COMPARATIVES FOR THE sfATEMENTOF ANthCIAL ACTMMES Un￿tr￿￿ed R¢*rid¢d fund lund Total fund INCOhlE AND ENWWMEP￿5 FROM and 176.710 176.710 Cthertradiru acID￿&S Investrrtnt ir¢on 14,552 14.5S2 T¢Aal 191.262 104 191,366 ExpeNDtTURE ON Raising fv￿$ 139.Cfj5 139.055 Tolal 194.261 194.281

ThÉ K•UTARY VÉHICLE TrUST )TES TO THE FINAIKIAL STATEMENTS. ctsnl1rK￿d FOR The YEAR ENoeD 30 SEPTEMBER 2020 COMPARAMVES FOR IHE STATEAIENTOF FINAIKIAL ACIIVITIES. continued Unrestrwxed ReSIn￿ed Totsl fund fuTh￿S Net oalns 71 2,321 NET INcOm￿ExpEN0lTuREl P.928) 15741 rrKJverMnt Én funds 2.on 12.646) 15741 RE¢ON¢IUATION OF FUNDS Total furKIs bro￿￿ht lorwxd 217.476 171.114 36B,590 TOTAL Fu￿)s CARRIED FORWARD 219.548 168.468 288,016 FIXED ASSETINVESTMENTS Urdisted in¥oslnnt$ MARKET VALLE At 1 (ka¢b¢r 2019 Rev8lu8tions 2￿,995 452 At X) Seoerrthr 2020 203,543 NET BOOK VALUE At X) Se&tsrthr 2020 203,543 At X) Sotrtenr 2019 2(￿ 995 Th61• wra no In¥ostrThrt4¥8 (xtsKJe the UK There we investhErts ten ¢xrt ￿Or ki 30 SeF4ener 2017. The first Inv￿tro￿ of £￿.(￿7 WAS in Cld MubJal Trthalh. and has albcatsd in the ratio of W3 to the Un[estr￿e￿ furKI aTrJ 113 to the RestrKted fuThl The secorKI investsnent of £120,Cm was rnado St Jar￿5 P&c4. has b￿n albcakd in rab) of Y4 to th• UnrestrLtd fund and Yito tt R¢*nd6d luThJ. 12

TTrE Miurwiy VEHICLE IRU5T NOTES TQ THE FINANCIAL STATEMENTS- ¢ontirnd FOR THE YEIR ENtED 30 SEPTEMBER 2020 STOCKS 2019 FIn￿h¢d goods DEBTORS.. AW)UNTS FALUTr￿ DUE ¥4ITHIN ONE YEAR 2019 Trade debtors Prèpayrrnts 1.164 24 10. CRE￿ToRs.. AMouKfs FALUP3 tXJE V￿7H1N ONE YEAR 2019 Trado cr8ditors 7264 2.7 265 1.669 3,0( VAT Other credtor6 12.527 MOVEMENTIN FLI40S Not rTh)verrtsnt in funts 1.10.19 30.9.20 Lknrestrided fwKIs Ggnoral fund 219.$48 36.149 2SS.697 Restricted frjnds John Alen Beque 168.468 12.4 165.972 TOTAL FihNDS

MIUTW(Y VEHIGLE TRUST NOTES TO THE FINANCIAL STATEMENTS- ¢onli1￿d FOR THE YEAR ENCED 30 sEpTE￿ER2020 11. MOVEMENTIN FUNDS- conlinued Net rTwJverTPllt ffvJJJed inth2 aLw are a5f0￿". Rtsour¢o¥ G•¥)s and resour¢¢s expended bsses in funds Unre5trided furKIs General fund 184.iw (148.C621 114 36.149 Restricted funds John ￿18￿ Bequ&st 12.W) 12.4%) TOTAL FUNDS 184.167 148.(62 2.452 33.653 Cokry)aratS¥e$ for Moveme￿ Net Tranthr5 At 3J.9.19 1.10.18 lunds runds Unr•striL&d lurbjs General fund 217.476 12.9281 219.548 Restricted fund5 John Ajlen 8equest 1s.rX￿> 168.46S TOTAL FUNDS 574 Conyr8tWO net tYw)vennt i￿*je￿ inthe ab)¥$ a$fol￿.. IncorrK#J RewIr￿S Ggr6 and MoveDErt in fun¢J$ Unrestridod funds Gent￿1 fvnd 191.262 1194.2611 71 12.928) Restricted fvnd¥ John Ajlen Bequest 104 TOTAL FUNDS 191.366 194.2611 2,321 574 14

THE MIUTARY VbMCLÉ TRUST NOTES TO THE FINANflAL STATEMEPITS. cantinued FOR THE YEAR eNDEO 30 sepTEMBeR 2020 11. MOVEMENT IN FUNDS-¢ortinfftd Unrestricted furKI5'. unreStr￿led funds are foi the Lwwal rAxpose obp¢kns as 0￿￿￿ed in the Report kn Trust6&s. Restricted fund5'. Fund5 re¢¢￿ed from the b•iuest of John are restrKlad for the pwp050s of enswr the ¢onbnuabon ofthe onnual &KJdasW shw. 12. RELATED PARTY DISCLOSUAES There ￿re no reLqled psrty trarw¢trJr6forthe ￿ar SeFlen*er 2020.

ThE WwAPYVE￿ICLE TRUST DETAILED STATEMENTOF FINANCIAL ACTlVtmES FOR ThE YEAR ENOED 30 SEPTEIIBÉR 2020 2019 INCOME AND ENCL)WMENTS Dorwtion5 and legaci Donations and Olhei ints)n Git aid Subscript"on5 11 28.934 139.645 9.804 24.506 1d2.400 168,9 f76.710 Other tradi￿ a¢tiMtie8 Advertising 14.0>) 12.807 1.745 15.1C 14.552 Inve5tm?nt income Intsretst rece￿at18- tiadmo 104 Total incorrmng resources 184.167 191.366 EXPENDITURE Raising donations arKi kgacies Geneial se¢reiary Area sUPPQYt OLtsidè spon50r5hip mon)e￿hlp Publications Publi¢tty Verification IA¥b 522 878 29.230 22.024 fA>.614 476 43.074 57.732 1.159 516 2.166 98.913 134,755 Support G¢>Sts Managemert Bank charges Insurfjr 4.200 S2.525 43.89) 47.e86 56.825 Govern8￿ ¢o$t$ A￿oUn￿r￿ 8nd leg81 fees Totsl rtsourtés txpènthd 148,Cf2 194.261 Net incomelleAwthurEI befDre gain5 arKJ1055es RèalisÈd r•cognised gain$ and losws Réaksed gains11￿&￿) ￿ fixed asset investmonts 38.1Cfj (2.895) .452 2.321 Net itKomel¢expen(Iture 33.653 74 16