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2021-09-30-accounts

REGISTERED COMPANY NUMBER: 02226906 (England and Wales) REGISTERED CHARITY NUMBER: 327768

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

THE MILITARY VEHICLE TRUST

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

THE MILITARY VEHICLE TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

Page
Reference and Administrative Details 1 to 2
Report of the Trustees 3 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11 to 12
Notes to the Financial Statements 13 to 18
Detailed Statement of Financial Activities 19 to 20

THE MILITARY VEHICLE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 SEPTEMBER 2021

TRUSTEES S P Bromley - General Secretary
P S Hamblin - Treasurer
T Hawkes - Insurance Officer
B Holmes - Membership & Area Liason Officer
S G M Johnson - Chairman
R Lawson - Data Protection Officer (resigned
18.7.21)
J Newbould - Safety Officer
D Sutton - Website Manager
S Parker - Emmissions Officer (appointed 18.7.21)
A Brown - Education Officer (appointed 18.7.21)
COMPANY SECRETARY S P Bromley
REGISTERED OFFICE Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB
REGISTERED COMPANY 02226906 (England and Wales)
NUMBER
REGISTERED CHARITY 327768
NUMBER
INDEPENDENT EXAMINER Rushtons
Chartered Accountants
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB
BANKERS HSBC
Saxmundham
Suffolk
IP17 1DP

Page 1

THE MILITARY VEHICLE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 SEPTEMBER 2021

COUNCIL OF MANAGEMENT Ian Young - Magazine Editor Will Holmes - Social Media Officer Andy Green - Events, Sales & Wants Manager Rachel Mair - Analyst Richard Adams - Vehicle Verification Officer

Page 2

THE MILITARY VEHICLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The Trust is established for the purpose of restoring and preserving military vehicles of historical interest and the preservation of books, drawings, records, documents, sound and visual recordings, films, photographs and other media and ephemera relating to such vehicles, their history and development, and promoting and encouraging the same aim in others.

In furtherance of the above objects but not otherwise the directors shall have the power to: Organise, sponsor and support military vehicle and such other shows and events and encourage the appearance of historic military vehicles at public events and shows for the provision and stimulation of information, education and interest in such vehicles.

Significant activities

Our mission, "keeping our mechanical veterans alive" is achieved by increasing individual and collective knowledge and understanding of military vehicles and artefacts through networking and education of members of the MVT and the public.

The main activities of the charity are:

  1. Promoting the restoration and preservation of historic military vehicles.

  2. Publishing a quality magazine, Windscreen, which is distributed to members six times a year.

  3. Providing branded items to promote our charity and raise funds.

  4. Giving advice to owners and potential owners of historic military vehicles.

  5. Encouraging the appearance of historic military vehicles at public events and shows.

  6. Organising, sponsoring and supporting military vehicle and such other shows and events, which align to our charitable objects for the provision and stimulation of information, education and interest in such vehicles.

  7. Provision of information and access to our archived documents.

  8. Visiting schools and other education establishments.

  9. Supporting a network of MVT Areas, which facilitates members local to an area the opportunity to exchange information and hold events that are open to the public.

  10. Providing website and social media platforms for the provision of information for the public benefit.

The trustees have updated documentation according to the Charity Commission guidance on public benefit and ensured that the organisation complies in all respects.

Page 3

THE MILITARY VEHICLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

OBJECTIVES AND ACTIVITIES

Public benefit

The trustees confirm that the organisation meets its objectives and carries out activities for the public benefit through the following activities:

However, our activities have been heavily curtailed due to the pandemic, with the resulting lockdowns and restrictions imposed across the nations since March 2020.

Page 4

THE MILITARY VEHICLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

ACHIEVEMENT AND PERFORMANCE Charitable activities

The trustees are pleased to present the Military Vehicle Trust Trustees Report for the year ended 30th September 2021.

The Military Vehicle Trust is the largest and oldest organisation of its type in the world and despite the continuing pandemic, this year has once again seen subscription numbers increase to 5812 members. This is thanks to our team of unpaid volunteers made up of the Council officers, Area Secretaries, Area Contacts, the supporting Area officers, plus all our members.

Our membership services provider is now providing a high-quality service, although there is always room for further improvements. Meanwhile, we continue to see the benefits of this faster and more easily accessed service for both membership applications and renewals.

Over the course of the last year, as the Coronavirus pandemic has continued, it has curtailed many of our activities. We continued to provide advice to our Area Secretaries and members concerning the latest restrictions and the implications for our activities. However, members have been able to safely support events that were able to take place during the past 12 months, whilst following the advice we distributed, along with the Government's national and local guidelines. Whilst working within the restrictions, members have still been able to help us meet our charitable objects.

We have also invested heavily in our website and upgraded the software to improve the look and functionality of the site. These changes have also allowed us to provide areas that are an added benefit to being a member of the trust.

Much work has been done cataloguing our reference library. This had suffered in recent years from only having limited access. It has now been moved to a new location where we can work towards our aim of having a digitised reference library available online.

Our Area Liaison Officer has been hosting Zoom meetings for all Area Secretaries on a regular basis. This has allowed the exchange of information where participants can discuss their various roles and problems they might encounter, as well as getting to know each other better.

Earlier in the year a sub-group was assembled to start planning for the 80th anniversary of D-Day in 2024. After polling members who had put their names down, plans are now being drawn up.

The Trust provides two types of public liability insurance as a membership benefit, to encourage the appearance of historic military vehicles, and the equipment relating to such vehicles, at public events and shows throughout the year. We are continually updating the Trust's Code of Conduct to ensure the presentation of our charity is exemplary and all events are as safe as they can possibly be.

Supporting other organisations, veterans' associations, visits to care homes, the Royal British Legion Poppy Appeal and Help for Heroes is routine for most members, though due to the restrictions imposed by the pandemic, these have been considerably reduced and were only able to take place where local restrictions had been eased.

Page 5

THE MILITARY VEHICLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

To support our members, we normally provide basic safety awareness training courses at two UK locations, but once again, this year's courses were both cancelled, the first due to the MoD requiring the location for training, and then the rebooked date and the second date due to government advice. Given that most shows and events are currently postponed, for the few events that have taken place we have been able to rely on the services of members previously trained in safely marshalling moving vehicles, basic first aid and the use of fire extinguishers.

Our online "E-Shop" offers branded items for purchase, continues to prove popular amongst the members and there have been good sales, particularly the new lines introduced during the pandemic which were face coverings in the form of face masks and 'snoods'. These items, along with the clothing lines, all sport our logo and name which helps to promote awareness of the charity and raise funds.

Our Patron, James Holland, the author and broadcaster with specialist knowledge in WW2 history and a broad knowledge of all things military, has continued support of our charitable objectives and activities.

FINANCIAL REVIEW Principal funding sources

The principal funding sources during the year were from subscriptions and advertising.

Reserves policy

In accordance with guidelines issued by the Charity Commissioners, the trustees have adopted a policy regarding the reserves, which should ensure that:

a) There are adequate funds to ensure that the Charity is able to meet all current and known future liabilities.

b) Free reserves do not exceed more than 18 months of anticipated expenditure for the trust to meet its obligations to paid-up members.

The trustees consider the level of resources at regular intervals.

Going concern

The charities main source of income is through membership subscriptions and advertising. The trustees consider that it is appropriate to prepare the accounts on a going concern basis and consequently, the accounts do not include any adjustments that would be necessary if these sources of income should cease.

Page 6

THE MILITARY VEHICLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

FUTURE PLANS

As we move from 2021 into 2022, we continue to be aware of the environment we are operating in. Requests for support for events and shows are starting to be received, but the numbers coming in earlier in the year are understandably low. The trend, which is now becoming normal, is for shows to be arranged with a shorter lead in and publicity times, so we are expecting many requests but spaced more evenly.

The trustees continue to be aware of the need to review the following areas of the charity to ensure that it remains fit for purpose:

Our key priorities in 2021/2022 are:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

The trustees, who are directors of the company, are appointed by the members of the Military Vehicle Trust in an ordinary general meeting.

Induction and training of new trustees

Current trustees are familiar with the work of the charity as a result of a longstanding connection or awareness of the organisation. New trustees are invited to attend meetings, events and activities to familiarise themselves with the work of the charity and the context in which it operates. Trustees are encouraged to attend specific trustee training and the charity follows NCVO guidance on "Good Trustee Governance and Leadership" and requires all trustees to sign and adhere to NCVO standard Trustee Declaration and Trustee Code of Conduct.

Page 7

THE MILITARY VEHICLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

..........................................................

S P Bromley - Trustee

Page 8

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MILITARY VEHICLE TRUST

Independent examiner's report to the trustees of The Military Vehicle Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Adam Calvert ACA Rushtons Chartered Accountants Shorrock House 1 Faraday Court Fulwood Preston Lancashire PR2 9NB

Date: .............................................

Page 9

THE MILITARY VEHICLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
4
Other
Total
Net gains/(losses) on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
175,406
15,362
466
191,234
109,543
47,911
157,454
12,687
46,467
255,697
302,164		 Restricted
fund
£
-
-
5
5
-
-
-
16,433
16,438
165,972
182,410		 2021
Total
funds
£
175,406
15,362
471
191,239
109,543
47,911
157,454
29,120
62,905
421,669
484,574		 2020
Total
funds
£
168,980
15,108
79
184,167
102,709
45,353
148,062
(2,452)
33,653
388,016
421,669

The notes form part of these financial statements

Page 10

THE MILITARY VEHICLE TRUST

BALANCE SHEET 30 SEPTEMBER 2021

Notes
FIXED ASSETS
Investments
7
CURRENT ASSETS
Stocks
8
Debtors
9
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
100,315
-
804
214,298
215,102
(13,253)
201,849
302,164
302,164		 Restricted
fund
£
132,348
-
-
50,062
50,062
-
50,062
182,410
182,410		 2021
Total
funds
£
232,663
-
804
264,360
265,164
(13,253)
251,911
484,574
484,574
302,164
182,410
484,574		 2020
Total
funds
£
203,543
1,800
37,721
191,132
230,653
(12,527)
218,126
421,669
421,669
255,697
165,972
421,669

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 11

continued...

THE MILITARY VEHICLE TRUST

BALANCE SHEET - continued 30 SEPTEMBER 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

.............................................

S P Bromley - Trustee

The notes form part of these financial statements

Page 12

THE MILITARY VEHICLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 13

continued...

THE MILITARY VEHICLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

2. OTHER TRADING ACTIVITIES
2021 2020
£ £
Advertising 12,903 14,030
Other 2,459 1,078
15,362 15,108
3. INVESTMENT INCOME
2021 2020
£ £
Interest receivable - trading 471 79
4. RAISING FUNDS
Investment management costs
2021 2020
£ £
Support costs 2,817 3,796
5. TRUSTEES' REMUNERATION AND BENEFITS
2021 2020
£ £
General secretary 520 522
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2021 nor for th
year ended 30 September 2020.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 168,980 - 168,980
Other trading activities 15,108 - 15,108
Investment income 9 70 79
Total 184,097 70 184,167
EXPENDITURE ON
Raising funds 102,709 - 102,709
Other 45,353 - 45,353

There were no trustees' expenses paid for the year ended 30 September 2021 nor for the year ended 30 September 2020.

Page 14

continued...

THE MILITARY VEHICLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£ £ £
Total 148,062 - 148,062
Net gains/(losses) on investments 114 (2,566) (2,452)
NET INCOME/(EXPENDITURE) 36,149 (2,496) 33,653
RECONCILIATION OF FUNDS
Total funds brought forward 219,548 168,468 388,016
TOTAL FUNDS CARRIED
FORWARD 255,697 165,972 421,669
7. FIXED ASSET INVESTMENTS
Unlisted
investments
£
MARKET VALUE
At 1 October 2020 203,543
Revaluations 29,120
At 30 September 2021 232,663
NET BOOK VALUE
At 30 September 2021 232,663
At 30 September 2020 203,543
There were no investment assets outside the UK.
Cost or valuation at 30 September 2021 is represented by:
Unlisted
investments
£
Valuation in 2021 232,663

Page 15

continued...

THE MILITARY VEHICLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

8.
STOCKS
Finished goods
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
VAT
Other creditors
11.
MOVEMENT IN FUNDS
At
1.10.20
£
Unrestricted funds
General fund
255,697
Restricted funds
John Allen Bequest
165,972
TOTAL FUNDS
421,669		 2021
£
-
2021
£
804
-
804
2021
£
9,341
1,412
2,500
13,253
Net
movement
in funds
£
46,467
16,438
62,905		 2020
£
1,800
2020
£
1,164
36,557
37,721
2020
£
7,264
2,763
2,500
12,527
At
30.9.21
£
302,164
182,410		 2020
£
1,800
2020
£
1,164
36,557		 2020
£
1,800
37,721
2020
£
7,264
2,763
2,500
12,527
484,574

Page 16

continued...

THE MILITARY VEHICLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

11. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
Resources
Gains and
resources
expended
losses
£
£
£
Unrestricted funds
General fund
191,234
(157,454)
12,687
Restricted funds
John Allen Bequest
5
-
16,433
TOTAL FUNDS
191,239
(157,454)
29,120
Comparatives for movement in funds
Net
At
movement
1.10.19
in funds
£
£
Unrestricted funds
General fund
219,548
36,149
Restricted funds
John Allen Bequest
168,468
(2,496)
TOTAL FUNDS
388,016
33,653
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
Gains and
resources
expended
losses
£
£
£
Unrestricted funds
General fund
184,097
(148,062)
114
Restricted funds
John Allen Bequest
70
-
(2,566)
TOTAL FUNDS
184,167
(148,062)
(2,452)		 Movement
in funds
£
46,467
16,438
62,905
At
30.9.20
£
255,697
165,972
421,669
Movement
in funds
£
36,149
(2,496)
33,653

Page 17

continued...

THE MILITARY VEHICLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
John Allen Bequest
TOTAL FUNDS		 At
1.10.19
£
219,548
168,468
388,016		 Net
movement
in funds
£
82,616
13,942
96,558		 At
30.9.21
£
302,164
182,410
484,574

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
John Allen Bequest
TOTAL FUNDS		 Incoming
resources
£
375,331
75
375,406		 Resources
expended
£
(305,516)
-
(305,516)		 Gains and
losses
£
12,801
13,867
26,668		 Movement
in funds
£
82,616
13,942
96,558

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2021.

Page 18

THE MILITARY VEHICLE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations and other income
Gift aid
Subscriptions
Other trading activities
Advertising
Other
Investment income
Interest receivable - trading
Total incoming resources
EXPENDITURE
Raising donations and legacies
General secretary
Area support
Outside sponsorship
Membership
Publications
Publicity
Web
Support costs
Management
Bank charges
Insurance
Governance costs
Accountancy and legal fees
Total resources expended
Net income before gains and losses		 2021
£
2,162
30,111
143,133
175,406
12,903
2,459
15,362
471
191,239
520
15,309
-
23,775
64,261
803
2,058
106,726
2,817
46,013
48,830
1,898
157,454
33,785		 2020
£
401
28,934
139,645
168,980
14,030
1,078
15,108
79
184,167
522
11,888
2,000
22,024
60,614
476
1,389
98,913
3,796
43,890
47,686
1,463
148,062
36,105

This page does not form part of the statutory financial statements

Page 19

THE MILITARY VEHICLE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021

Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments
Net income		 2021
£
29,120
62,905		 2020
£
(2,452)
33,653

This page does not form part of the statutory financial statements

Page 20