## 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 staterr*rrt5 ofthe tharity for
the year ended W SeFtsn**r 2020. %%thich are atso prerAred to nEetfv wuirewentsfor a
diredors. reFhyt and acrnuThts for Coryonksact purposes
REPORnNG FRAMEWORK
tru*ées have #do￿￿ed the K￿y￿￿)n$ of At**unt*y arwj ReW￿r¥j ty Ct*rit*S". Statérfvrt
of RecorrYr*nded Prath app￿￿blet0 trAritse5 preparir*J theiiaccounts in accordance
the F1rar￿1*1 &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 n*dia eptrÈmera reLitirvJ to suc* ¥ehKAe5. thwr
historyand do¥0￿p￿r￿nt. and pron))ts"w aThJ the samo akn in othèrs.
In ￿rth*ranc￿ 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 rr*than￿￿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 potent*al 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 $hty*5 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)wTr*nis.
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 ¢kKurr*ntation 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 ai*v*es'.
Everrt5 open to the public that OLT Frprrkn*5 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•ptert*r 2020.
The Military Vohh￿Q Tn& ￿ Ihe Lirge5tOTganisabin of fG type in the v•Jrld and this ￿ar h05
8•on subs¢npbon nurt*rs it)rxe8s0 to 5.666 n*rrt*rs. It ￿ roTh*rkable 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 rr*mborship applL*tvJrts 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 rr*et 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 wuipff*nl 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 rr*rrkner5 altonded Servi￿5 of Rermrrknranc¢ thro￿￿)ltthQ UK 05
as sorrt in Europe Last sumw sswr(¢ny of our ft*n*ws 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 annwersar*s 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 mAn*er5 wè Thjrrrolty provbje bas￿ Safety avRrene55trainr*J COLT5e5 at
UK locations. butthis yearboththe planned fell Vb*nto 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£n*etsly sthuikthons and th*rtrs¥vJ. The
tru*é¢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¢un*rt.
Al pol**s and yo(*dur•s.
Trustee trainrMJ. ind￿#￿)n ro* wofik5.
Risk Dwr￿ew￿nt.
So¢￿1 rT*dia and%*t6rttr (ks*lok¥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 t*thr￿￿.
grwng our n*rrt*rshy.
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￿ ConTAn*sAd XKAS.
AppDintrnert of truste25
Tho IrJsteos. th) aro diredors ofthe o)ryany. are arwrted tryth• rr*rt*rs Ih"litary
Vehide TTUSt li an 0rdr￿ry general rr*elwy.
Trustee irylu¢tion and trainiThJ
Cutrert t￿￿tee5 afe fawiliar Ihe ofthe ttAwtyas a re5uttof a brg5tandirg conneL*on
or awaronoss ortho olgan￿￿ts0n. N•wtnJsts•5 arè Invit￿t0 att•nd rnèétings. gv8nt5 and
a(*Ml*S 1¢ familiantse the MJrk ofth* at)d thtr c￿1*xl 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 Tru*tre 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¥ton*rts of fv ¢harityfor yo•r SoFrterrt*r 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 Char*k5 SORP 201S IFRS 102).
Make judgrfents an(J eSti￿te$ Ihal are rea$or0￿ FKudenl.
state vthelh0rap￿i¢•b￿ UK Ac¢ountifKJ &and•rds have boen follo¥*d. subjectto any
rtHleri31 departures dIsc￿sed and eXp￿Ined in the slatefflpnts.
Prepare the financ4al staterr*rrton the 9)ing o)Th2rn basi5 unkss t 15 inpprowmts to
presJr(t that the ¢tor¢8bk IX>mpany th•ll continue in tspera￿n.
The trustees are resrX)ns*>￿ for keepiry adequate accountsry records that disdose ¥￿th
raasonable a￿￿8¢￿ atany th￿ the finèroal pog¢*)n ofih? thartsble ￿MpanY8nd enalye
themto ertsure thai the ststerTEnts corryfy thp Corryan￿$ 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 r*tW 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.
R*SF￿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 iequifern8r*s 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 examir*I￿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 exarrMr*s statemert
I have ¢orykt¢d trtye￿rThn8titsn. l ¢wthmth8t rKJ have to nw at*nth)n
n connectb?n %•*h the eyArrinalb)n gi¥7y rny ￿1￿".
accounting re(J)rdsv*rÈ 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 8eGIx*n 396of the 2006Act
other than any requ*eN*rt 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
Staterr*nt 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 conc*rns 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 Nr*O￿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 fut*s
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 fonv*d
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
UMe*rK*d Restrthd
FIXED ASSErs
lTh*stsr*nts
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 SeL*on 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￿ Sec*on 476 olthe CoDyniosAct 20Cfj.
Tho trustees a(*novAtrdgothwr k)r
IBI ensuring that Ihe char*able ojrrpany keeps acco￿1￿9 rewrd5 that o)rrWy ￿1th Sec*b?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 finar*ièl &*ar and of is SLW or deficbt for oach
finanoyal yeai in alw{dan￿ the requiren*rts 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 Fir*rKJ¥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 Tr*agJred relk*t4y.
Ex￿nd([l￿?
abilfoes are reCOgn￿ed as expend￿￿re as soon a5 thero is a or cor&ruc*we
oNvJation thnfy to that eXpend￿re. rt is protr*bk th&1 a transfel of
e¢OnOTnr btn8fts wll bp requwed in SelUEThrt and iho arnDuni of thè ￿￿alt￿)n bts
measured relH*. ExpeThl*ure ￿ 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￿& c*nnot
bè dirècty atrbutéd to pa￿eutsr ￿adI1￿ thèy havè bèèn alk)¢atèd to ae*Nthés én A ba$1$
sto￿$
Stocks are vabjed at thÈ Its￿[ of arvj r*t 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 part*ubr rostrtyxed puws 5%1￿1n tho obprts ofthe
charty. Rostrk*kirs aris• $pguW by Ihg dgnor or funds aro rai59d for
¢ular rtr*Ktsd MXK*Jses.
Furth¥ expbrobon rl the T￿￿e aTrJ Fwpose of i5 the D¢Xe5 to the
I[na￿l st8ttrft*rts.
10

THE MIUTARY VEHICLE IRUST
NOTES TO IHE FINANCIAL STATEME￿ts. ￿ntinU￿1
FOR THE YE*R ENDED 30 SEPTEMBER2020
OTHER TRAUNG ACTMTIES
2019
Atheibsi
14.030
12.807
1.745
15.1C
14.S52
INVESThIENT INCOME
2019
Interest rerwable. Irw¥r*J
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 ￿ SerAerf*er 2020 nor for the
yt8r trndad 30 Stkrtert*r 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¥osln*nt$
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) Sotrten**r 2019
2(￿ 995
Th61• wra no In¥ostrThrt4¥8* (xtsKJe the UK
There we investhErts t*en ¢xrt ￿Or ki 30 SeF4en*er 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•
UnrestrLt*d fund and Yito tt* R¢*nd6d luThJ.
12

TTrE Miurwiy VEHICLE IRU5T
NOTES TQ THE FINANCIAL STATEMENTS- ¢ontirn*d
FOR THE YEIR ENtED 30 SEPTEMBER 2020
STOCKS
2019
FIn￿h¢d goods
DEBTORS.. AW)UNTS FALUTr￿ DUE ¥4ITHIN ONE YEAR
2019
Trade debtors
Prèpayrr*nts
1.164
24
10. CRE￿ToRs.. AMouKfs FALUP*3 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)ven*nt 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