## THE MILITARY VEHICLE TRUST REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDING 30[TH] SEPTEMBER 2024 ## **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 14| |Detailed Statement of Financial Activities|15| 2 THE MILITARY VEHICLETRUST REPORT OF THE TRUSTEES FOR THE YEAR EMtED 30 SEPTEMBER 2tr24 The trust8es are aWJ diieLtLY5 d Ihe clwrty fLY th2 putkWJ5e5 d the CuTyanip5 ALt 20)6, pr&￿t th8ir rEpJrt the fina￿la1 staten*nts of the chanty ft>r th2 year en(*d X) &rtember 2024 The trl￿eeS have adopt& the prOv￿lOnS of A(Lounting and RewJrtiry by charrt￿ &alETtpnt d Re0)t[wr￿1￿jVj appqicaLle to charrt￿5 PTeparing their a¢xounls in aC￿rdan￿ %4th the F￿al￿r￿ Rep￿n9 Skndard apP￿ab￿ In the UK and RePUb￿G of Ire￿nd IFRS 102) (el￿t￿9 1 January 3)19) 0￿ECTIVEs AND ACTIWTIES Obleaives and alms The Trust 15 established fDr the PUTPKW of restoring avj vehKI85 of h￿l0(￿al irrterest and th preseNation ot bc(*s, af￿r￿j5, word& d￿r(￿rrtS soJThJ aThJ y￿L*l re£￿thr￿, fi1ft￿, thtojrarths and other m•Jia ond ephe￿ra rdabng to swh trir ￿ and dv4ek¥rn< * rxoTh*ng 8nd wjuraging the sarn aim in ¢t￿r$. In further8nc8 ofthe at*Y4eobJed5 hweth•pyrtwto.' Organise, ¥￿n￿r and 5urwrt rThliAry vehkle aTrl SLrh tith8r sh¢v45 ard events erthurage the appearance of hi%torr rnilrtary Veh￿*5 at publr v48nts shw for st*Wig￿n d IntomBtDD, ￿UC8th)n arn# interest in such vehic stqnlflcant actI￿tIo5 Our mis510n. keeping our mBcharncal veterans awe" by ￿￿￿ea￿r￿a IndNithal cc4k%tve krnwledge ar und*r5¢•nding cl vehK*5 r￿b¥S trust t The main aLtNrtwScIt￿ charty arv 1. Promoting the restorat￿ and pres•N*bJnd hi5th Ir￿￿ry¥•1￿d 2. Publbshing a qualty IT￿azIne. Wn&LYeen. Isdthbutthj IMMS * ￿r. 3. Pic¥iding branded thrr6tc prorrnte chanty ra15efuThJs 4. Gwing and wteniol mlrt¥ryveh*l•s. S. EnGL￿T￿ing the appeararKeol histonc rriltsryvehble5 atpull￿e4ents¥nd e. Organi8Ang. sponsonng and ft4rtary *nd f4Jch athtr Éh￿ alvJn to tharrtable objects foi the prowNcffi and 51imuktscffi of irrforrrAtni. ¥d￿￿￿]n intsrest ￿ suth vehrjes 7. Picyéisior) of Infor￿ts0￿ and access iooui ¥rthNed dc¢um* 8. V￿rtIng schco15 and c*her e*3t4thrrenls g. Supwrting a ntrtht)rk Areos. ￿l￿t¢S ￿nt•S ￿¥1 to an ￿ the 0Pk*)￿nfy b exehaNJ6 infuwAbon and hc4d events thal are OFen to1￿ wbk 10. Providin9weL%rt&arKJ SLto1 ff*dia pWc¥rrofty ol lorthe puilt The truaèes have dc¢umentskn ar¥J ￿¢￿86*ry and en￿re rt B in xo)rdIn￿ t Charity c0wffliss￿,$9U￿anCe cfft putlr tendrt, %%thi￿er¢&u￿9thèlru5I(OrrP1.65 in all a5Fects Publlc bgngfft The tru*ees conhm that ￿ thè past 12 n¥)nth& Ihe ¢ygarA*th erdè•mJre*J to ft*8t ts obJèth6s and c4rri&J out act11￿6$ the Wb1￿ twthtlhwh thef0h>￿ thths. - Eventsopen totho pubhc tratour nwrt*tsauend - &Jprorting and attendir¥J v*ew8 maft￿￿1 elents - Visrtsto schods and otheredw•tw)rtyl estab16hnwts - Area meetings, Including presen￿￿rts ab)urrebbve wbpxs, aro¢w b the pu￿￿. . Engagerfftnt charth50nd ¢y￿n¥￿Y*ltr•tsh*￿*￿￿th￿rCfjn￿ THE MILITARYVEHICLE TRUST IIEPORT OF THE TRUSTEES FOR THE YEAR ENLED 30SEpfEMBER 2024 ACHIEVEMENT AND PERFORMApKe Cha￿table acfjv￿$ The trustees are pleased kn present the VehK* TnJ*eeg Amu* Rertht for Ihe year 3(Xh sept*m￿r 2024 At the risk of t￿oMIN) ieF*bt￿e, %* start Ih? W ty that IhE+ Ililtsry VehiL* Trust i4 ty tsr the c4dest organksath)n d its type In the are ol the tad that v* conbnue to be the Largest militydry weh￿Ie group In the ￿rI￿ by 8 ¢￿￿er¥b* marg*n In th$ bst year. as In past nkqny yeaTS, the tru4$ twrtrership conbnued to grcrt¥ This ￿c*S tr* trend rl ￿ rrAny organ￿aI￿ts vtsh are trom d￿jIning numbers, and Is tests￿nt b) the rrwny v&unteers thr￿g￿th ihe Uga￿s8t￿￿l grrfe tr*ir and ewrgy to the tr￿t an organwtKJn that vAnt to Thts year VKI hae akn V￿￿1￿1*d a &rger number of n￿v Voluntee￿ to offrcer rO￿s, l￿th in the nwna9ement d Qui TegDro1 Am5, and on tro Ciyjnul d MarWj8rr￿t As aKYdy4 fx65 ￿Ing Tenth￿d enthu￿&sM %%thrh all hdpstomthuetot*ethelnJ5tfw4 Besides trust member5 ierriving the birrA)itrly ￿nd￿et￿ rrAgazine, an annu￿ Ca￿ndar and personal public Iiabilty Insurance ￿Ve[. pinin9 L￿ber I1￿￿*r￿￿. Itiprwjty. aL*r4e and kThlBdgeabb enthu51a5ts ￿ of c[￿15e an attraction Mernbers COMB twher and rrAny dlffrnnt r￿*•￿ IrK•Jthg * rtydar Ar¢a rrneting4 arKI events, asvRII aslhrwh our vww.&Kpardin9 rr•Jra 5*8¥ For nwny ￿arts v* h*tr bè abb t¢ hdd th• f*s %*ith¢yJt *y Inc¥easts. Thts Is duè to tho 90th¥ mBTragerr*nt of fur￿5 %%thiLst enwnng w? xppcrft Charrta￿ airr¢s thILst ￿Jr rn￿1p fees hava remèined Sta￿ for nwny ytrats. h¢M bng th* L* hekj %4th all the S¥hffj(ant In ￿￿￿1￿9 Costs, but paiticularfy in ￿Stage, wintng and paFer, rewoms b te seen M05t merrth sun up fry GThl and that addrtional Ir￿*￿ has thetru*to o)nbrAie ioof*r t￿r gr￿¥?￿je rnrtershippa&ago. Th* year encoftwas68d t￿ 8Cth antNvern¥y cl thè ￿0ty In Nonyoréy. On th Jun6 1944, tha largest miltsry seabune OFerabai in hwluy t•gan, so ￿ June 3)24 tro trust rrArkAd ble an￿￿er￿￿ ty I￿￿n9 some 39J vehicle4 arKI £ww kwr4e, on or* d out quinquenn*l vehide tyjis trj Nom*nty. This ts)ntr8sted w1h t fir&t tcur ran 50 years 40 In 1974. trnk atrthrt 10) veh￿￿15, a￿￿nd 3CO FeorAe, a￿n9 wth scma velei8ns y￿re In theii 6C* bxk tsn. TMY irththd Bll Mlhn arwj May Fkmrd 0￿, but 6￿ty, forthefirtbmt. ￿24 i#ur had nof&Tm* téN*èmbn Irtsn thèearrwun In rt¥ nurrknern. Pr•Parat￿N$ foi annr4*1*y Startad in A￿u* 2J22 In tr* fdbxing 22 fr￿¢thI, * sffoll ts*m L* trwt oflthfs undertook all Ihe recessary prepar8tb)n y￿rk twr &)ce the trwr In 2019, thin96 boGom2 a lilt￿ mre diffKutt. wlh requirtrj to oktsin Catnets loi arvj, duè to higher of tsecurty. futher passes needed b) be 0￿81n•y b) ￿ certain ¥re8s dunry firsi days ol JUM. Thts tour alhMd oui vehKlès to btr d&thyed wbl* In ff*ny kntaiths eaL* In thè UK. rnany evants atso teing held, and the tru* Yas p￿*•1 tr) awcpnate Veh*￿5 th SJPVAL illusvabr4 to the attendiry pubiic t Vtslly imp0ft2ntro*stheyp￿Y￿￿ alltlw)so In July. and follwrvJ rm Aftw th* ￿DaY tsur, Ihe Irust V8$ YY4ilwd kn ￿rb￿le ann￿￿ry of the *rt of tho swces6ful, but har&foL4ht batt￿ foi Hll 112. 4f*J th P4ym¥Kly. Tts Vu5t has been a l(w.tmg Suppxter ol the Hill 112 Memorwl FouTrlatDn and the Laswnknn 112 y￿5 ap. a5s&ed In f￿1n9 & Churchill tank as the ¢￿trep￿e ol the 8rKI Lhw p¥t.fvnd8d ts resb)rab(n Thts year ihe Vust fund•J the full repaintw of the Churchill lank anniversary The Irust F4ea5ed to ￿ Ihe hiviktrjn to seTh4 repreSentat￿e5 to Ihi5 comrfftrmr8bon, piniw wny digntsi*s, IncknthrwJ Edward, nwThe Du*0 cl Edinburth It esbroted trero Y￿re perhaps Invrtal gue*5, veterans Irorn tr* &MmF4yn, %Mih arther Y￿￿or5 from th lttalty, includiThJ tre kxal ¢hiklien Events like tw ncl only ensure an￿Versar￿5 wo not forwtsn, tr> alk7wthe trust ts strnwthe publicthe ImprA&nt K4e50ur hLStorKvehde5 %4tten ￿ 5eNr£. Meanvthile, roubne va)ik has mntnued dvjtsirg b)e Iblary the first of manuas 5d&*ed ￿r￿￿eT, the (ther classic Car organtsatsn ￿ ￿Te rAannhig to share disrAay pwbm has deoded tr use a dffterent rontractor. So, before ￿ Mrnmrt ￿ndS ts this are L*Kkwg t ertsure thai mrrtractu s atle to proYKle the a￿sS require lo¢Yyiqy the nBnu4svath wtrArac(e4 rted to d￿er￿t￿rrangemen15 Last year our new V￿trs￿e VA5 ￿unCt￿d. Thi5 ha4 ￿￿￿es￿Ul￿ WAwe our tharrtatrle aims, Is much easier to navvjate and is rthv alu￿ble by ￿ put4 EaS￿r and qUb*Er links to membership jLwning ar renayal is al￿ helrAry tt) Incre￿ ￿r rrerrkner5hw•nLwnber5. as*el a5 rrAntsning membership retentson So, Ihis year ha5 teen a S￿cIal one se4eral vAy4 none of Ihs %4rAAd harv all the Y￿rk uThlertaken by our unpaid volurrteet5. Our grateful thanks ￿ due b (¥Jr aThJ CiyJrLyl thKers, all our Area Secrekn25 Area offirxs, a5 v￿1 as uji a*4e arnl ethLNa5tic merrbuthip. foTh+Ard t ancther ￿lSY year n¥Ktyear FINANCIAL REVIEW Prlncipal funding soJrces The prinupal ￿ndIng S￿ree$ durkig the ￿￿eft¢￿S￿￿F1utsand atr4wtsroJ. THE MIITARYVEHfCLE ThUST REFORT OF TRUSTEES Foft THE YEAR ENLED 30SEpfEMBER 2024 FINANCIAL REVIEW Reserves polKy In acurdan¢e wth gui(*l￿e$ by Ihe (bnty the tru#*s h*4e ado¥thl a wlcy rega￿101 the re5eNes, shoukl ensure that 81 There are a(kqu¥tefunts toensuretsttsctsrty i58trJelo n*etall wrrwtand know) fvture I*￿Irt*S bl To ens￿re free reseNe5 do Mt exceed than 18 n￿hS of artrAp3￿1 fu the trust to me2t ts obligalons to paid-up nEn*ers Funds wll to be used ts supwt aThJ th* tru¥s OP￿rIeS To ensuie funds reroin ithin the gu￿ar￿ thls SLIP￿rt ctsibn￿ As atrA>￿. fur￿$ are akn owmarknd forthe dVJitMt￿n of th? Iibiary and maknng the Ima9es Golng ¢on¢em The chanty's rrAin sourr* rl Income L5 through rr￿bershIP and adVats￿9, 5up•￿d by srrn inmrrnty Irom Grftaid. Thg I￿S￿e5 that appI￿nate tt) wware tro a￿1)￿nts ￿ a yJing ¢yJrKern baws and conwuentty. the nLt arty •liuknnts lh* t• 1￿C•sary wJrc•s of %￿U￿j coa5a. FUTURE PLANS It Is eApeLtsd Ihal uw*l l*•1 d finants￿ ￿E*￿t for *d bè m*4b. As I￿aYS, tru* mtmt*rn wll be supwrtlno these as as n￿br¥ Invrtati￿s Irt￿ Sthc<45 and educa￿￿1 e&abltshn￿nts. and mLve Irequent ￿KUrren￿ are iegJe* to suppty 5Urtabls vehKges at the fiJnwak of miltsry v*rans 8fvay8 resk￿￿ lothes• and ty to fv)d vehwJ88aPWCVMbtothe It rd hok*d that next year wl 588 the of entrwc• # thè N•t¥x81 Al￿r￿uM INMAI the liee planting already sporfdored by the trwl ThTh %MI bè * Irrwtsrrt In thè tru<5 hw for sV4eral reawns and w kx* lofvxid to h8VW Oui Wk¥•8entair4•8 thoreon thy. After a p8ndemic-loicefJ k*tKxl cl fty LXJI ityubr • tr•Nng d•ys, the trust wll i* Nnning Seva￿1 cour8ei at new locatior￿ around thè munlry Th* WAI allcw a fresh 9rw cl memter5 ID bEccrfne trained rnlrth*￿ *nd idy to the thwtrained In pmojs yeary as*￿1 8spThbthtvJ rdfeshw I￿￿￿￿e %*h) rw4uiro As n￿ntIOn￿l 8t￿ts of tre Ccrnpany are rnt required to be audit&l under Part 16 of the 2(th Act and are eligible lor Independent eAaminakn, I rewrt rw of nry eX3￿n3￿)n of your C￿rtyS as r8rried out undeT &¢thn 145 d the CkArths Act 2011 fft JJ11 Pdl In ￿rry￿￿j out ry &xaminat*?n I have fOlk￿d the Directiorsgwen tyt￿ Charty CAXyr*￿n uThlerW(n 145(9 Iblotthe2011 Art Indep8ndent exarnin8¢88tstsrnent I h￿e rnrnpknd my vxamrAtrn I confvrn that rts rrHtror5 corrn b my alterrtnn in ￿n￿tion *ith the trxarninatio￿ gr¢in9 rntrcautstrto b￿￿0. accountirw r*otds rw)t kept in res￿ dthtrctswyas 386 ofthè ￿ P£t, or the accountsdo ncl accord ￿ thoserecotd5, or accounts do rtt wlh the ¥¢eounbng rw4Uir•￿ts LY S•xx)n 396 cl th& 2Cfe Aca other than any requireff*nt that the accounts gNe a In￿ I￿r not a rnatter cortsjthred as part of an Ind&pend8ntexarrinatth). er the ac￿￿nts have rnt been preF4r•Y in accC(dar￿ vlth the rrthcth ard PrirKlp￿ of the Ststsrrhrynt of R￿(￿lY￿n￿•d Pt•xe aNJ ty che4ths (app￿ts￿e to chanD85 prepaiing thoir acwunts In aLrcKdarKe %Mth the Finaraal ReF￿r9 Stardaid aF￿1c￿E* ￿ the UK of Irdand IFRS 102)). I have no ￿nCernS and have cc*Y* 8U(ss no othw In th0•Xamnkn￿ trj shou dr&yn Inthis ieport in LYdèrto•nabba urder**ndiffj It￿nts tr) ￿ rè*thtrJ Adam ca￿ert Rushtsns charte￿ Ac¢tyJntsrts $horro￿ House 1 Faiaday Cwrt Preston L8ncashir• PR2 9N8 24103125 THEMILITARYVEHICLETRUST STATEMENT OF FIPIAKIALACTIVITIES FOR THE YEAR ENCED 30 SEPTEMBER 2tr24 73 Total Unre*K fund fund &rvJs INCOME AND ENtKWMEMTS FROM Donat￿n5 and ￿g3cleS Othertrading acththes Inve5trn2nt irKLY 3).470 XJ.470 7.8 12,271 1.381 Totsl 1.381 Z28.15B ZJ3.297 EXPENtHTURE ON RaNng fur 14S.528 146.528 126,733 oth 5&407 5B.407 52,970 Totsl 179.703 Not gwns on Inv•strnnts 12 19.182 31.W 5,7P3 NEf INCOME 54.787 ,&87 RECONCILL4TION OF FUNC Totsl lunds trmughtfarvard 172.405 $33.riJ3 sn,818 TOTAL FUNDS ¢ARRIED FORWARD 1￿.968 87.7 S33,0￿j TrIE MIITARYVEHICLE ThUST BALANfE SHE 30SEPT￿8ER 3J24 2￿24 Totsl Unre*K fvnd Totsl fund6 rund FIXED ASSETS InvestreNs 102.425 141.3 243.8 2258 CURRENT ASSErs Debtors Cash at bank In han 5.144 2WJ.613 5.144 315.185 51.512 338,744 .757 51.5n 350.329 9,584 IIEDITORS Arnunts falliw du•*ithin on¢>*¥ (@.￿) (6.￿) 118,8&91 NET CURREln ASSETS 51.572 343.¥ 320,7 TOTAL ASSETS LESS CURRENT Lk4BILITIES 1W2.968 7.79) 3,OLB NEf ASSETS 192.968 7,79J 3,0 FUNDS Unrestricled fvrds Restr￿ ￿ndS 394.822 W), 172,405 TOTAL FUNDS $87.M $33,QY8 Th¢ •nttsJ )) •xerrF4vb Sp¢bJn 477 of I￿ corrwnV￿ Acl 20C¢ ts the y¢or tndèd 30 SÈpbthr3J24 Thè mrnbern have required thé Cti*in In authl el ils siiteAraits for thè ￿*r •nd&J 30 SePkn￿r ))24 in Accc(dar￿a Seckn 476oltheCunw*skl XC6 Thetru5tee5 aCk￿￿4*d￿ethfftr ensuiir)g that the Charitab￿ c¥)ffwny rwds th* eorwty Se&vM 388 and 387 of tha Cc*rwnes Art ￿ and epariry fifian￿1 5tatety*its a truè and far thè affaKs of tl* ¢harrtable cc¥nwny a8 at the end cl exh I￿¥r￿1 ye¥ of ts gjrplus ty defiot for exh trarwl year In a¢wrdance Ihg require￿nts d sectL￿$ 394 and Il* rtyuiieff*nts ￿ the Companies A rekgbrrfj bfimrK¥al stateftwrts, sofwas8Fyh>bletothe tharItab￿ wmFony. These linaKKql st*nwnts have been weFw•J m ar£ordm the ky¢)¥W￿ts ath"(at4e to r￿ar￿￿ companies bJ￿10the6maII c(xnpan*s regm*. Tho finI￿ra1 staien*nts by the P4ard ot Tr￿lee* *NJ authcrfwd fer en 24103125 and %4we suned on ¢*tth8lby S P Brrmkny. Tr￿￿e THE MILITARYVEHICLETRUST NOTES TO THE F1NANaALsTAT￿ENTS FOR THE YEAR ENCED 30 SEPTEMBER 2024 ACCOUNTING po￿lEs Bas¢s of preparing the financial statemertS The financ￿1 of thariiat4e ry)nyry, %thrh 1$ 8 wtty ￿n￿r FRS 11Y2, hwe teen wepared In accordance Charth5 SORP IFRS 102) 'Acwuthg and RewI￿n0 by Chanties Statement R￿mn￿r￿1ed Pract￿ 8prlratle to thar¢ts w4)anng ther ￿￿ntS In awrdan(t wth the Financial ReporhrvJ StaThlard apFA￿￿￿ In the UK and RePUtrA￿ of Irdand (FRS 1021 leffe(the 1 January X19)'. Financial ReporbrvJ Standard 102 Finan¢K)l Rwrthg Stsnd8fd appkab* in the UK and Rwublic ol IreL9nd' and t ComF43n￿ Ac* 2rth The finarttal *aterrthts have FYep3red unthi c05t coNention. with th2 exceptDn ol lnvestn*nts￿th are atffwket val*. as by the rev8lu•tron ol *rtain assets In¢orne All inmrr* i5 reC0Jn￿ in ￿ &aterrnnt d Finarnia AdNth5 I￿r* the thaTty ha5 ethrrnnt ts the funds. it is probailethatthe inL¥)ThpwII LY andthearr￿>Unt￿ te rI￿a￿￿￿ relwb Exp¢n¢nur Liabilrt*s ale recognis8d as •KpethYture as so)n as Lhwe ￿ a bJ81 or ￿￿#JUL￿ve c4)Il￿t￿ o)rrmitbw t ¢hanty lo that expenditure. rt r& prot•ble that a tsanth bpnefts wll be rwuired In and e arn)uni of oilvjakn can bo ￿l￿8b￿ EKk*txllure 6 aco)unteO f¢r on an 8ctru8ls bas￿ and has been under heaYiTr￿ that 4grryats all to the category ￿ere ¢x5ts cannot dir￿￿￿ attribuied to ￿*￿CUL￿r hè•thrYJs Il*y h*e been a*xaied b actsffjas c¥) 8 b*s use Taxaty)11 The chaity 18•x•mOfrom on tschwrt•t*•*4(085. Fund ¥Lcountlng Unrestrthdfunds rw in th•thwrrt#Jkpotwtre58tthe d¥r*)n Of1￿ truth5. Restric*d fvNls can orly ly parfyxlar r•*AK*ed pwpcos th• c+JJo&s cl cbarty. R•strKtio ¥r￿lIs￿en Iheojncf 4￿ra￿d f0rparbC￿&irre#r￿*¢d purposes Furthw expllnatw dth¢ n•￿reA￿d frjnd • ir￿4￿tsd in the n¢tys lo th•financ4HI *a￿rr￿n￿ OTTr¢EA TRADING ACTMTES 10,510 ,470 12.271 INvesTMeNT IKfoME Int•rest ￿¥a￿lI.tra¢￿Tr4 TRUSTee$' REMuNERAT￿N AND 8ENtrIT$ 2023 GO￿ra1 721 Trustees, exFen8e8 There v￿e M 1rutr￿ ex￿r￿ ￿￿1 fcf the year en￿ ￿ SeF4Ember Ir24 r￿r th2 year ended 10 THE MIITARYVEHICLE TRUST NOTESTO THE FINANaAL STATEMEMTS-continu*J FOR THE YEAR ENtED 30 SEPTEMBER 2024 COMPARATIVES FOR TME STATEMEKf OF FINAIK14L ACTMTIES Total rund fvnd INCOME AND ENDOWMENTS FROM [￿at[￿sand le9￿ 1S1].1￿• 19),180 Olhgrtrading Iwestswt In￿1 12.271 7417 12,271 Totsl 3)3.198 EXPENDITURE ON Ra￿￿9 lunds 126.733 126,733 52,970 Totsl 179.703 179,7C13 Net gains on INastsrwts Z135 1658 NEf INCOME 3.757 ?,S87 RECONCILIAT￿N OF FUNDS Tctsl ￿ndS bro￿ht roNMrd 1e8.e48 3,e18 TOTAL FUNOSCARRIED FORWAIIO 172.4C6 3,003 FIXED ASSET INVESTMENTS Unltsied inva%trMnts rrt4RKET VALUE Al 1 O¢toter ￿Ta R¢valuabons 212,256 31,563 At ￿ SeFlerrOer 2024 243.821 BOOK VALUE At ￿ Seoerrber 2024 243,821 At ￿ &Oerrbu 212,258 Therev￿re rK*in¥ekn*ntassetsc¥Jts*lethB UK THE h•lLITARY ￿11cLETR￿ST NOTES TO THE FINANaAL STATEMENTS- contiTrued FOR THE YEAR ENLED30 SEPTEMBER 2tr24 FIXED ASSET INVESTMENTS. contlnued Cc6torvaluation September 2024 L4 reprttenbj by. Unlisted Mvestments valUat￿n In 2018 ValuatK)n in 2019 valUat￿n In 2020 ValuatwJn In 2021 Valuat￿n in 2022 ValuatK)n In 20L Valualnn in 2￿24 CLEt 16.3261 2.321 (2,4521 29.120 I?6,1￿1) 5.793 31.$63 210,C(O 243,821 DEBTORS.. AMOUNTS FALLING DUEWITHIN ONE YEAR 3J24 3J23 Tradè dtL*a Prepayft*rts 144 840 S.144 ¢REDTrORS.. AMOUNTS FALLINQ C4)ewtTHIN ONE YEAR 24 2)23 Trade credlrxs VAT Other CFedrtorn 1.974 6,872 10.363 18,e3 MOVEMENT IN FUNDS At 30.9 24 1.10.23 Infunds UnTgs¢rtctgd funds GeneralfuNJ 394,822 Restdctéd funds John All￿ *uest I72,￿6 192,￿8 TOTAL FUNDS S4.787 587,790 N8t rrtyeD*nt infu￿4 inclJdBd Intr*a￿e¥re asfokns. IrKJ)rring Reg)UTUS Gains a In funds Unre*rfctod funds GereraltyrKI (204,W351 12.382 34.Z24 Resi￿¢￿￿ fut)d$ Jottn Allen Wuest 19.182 TOTAL FUNOS 228,1 1204,9351 31.564 54.787 12 THE MILITARYVEHICLE TRUST NOTESTO THE FINANCIAL sTATEM￿TS-COntsnU8d FOR THEYEAR ENtEO 30 SEPTEMBER 2024 MOVEMENT IN FUMDS-¢ont¥iued Cornparatyves for mobpmerrt in fvnd5 Net 1.10.22 In funds 9.23 Unrestnctod fund6 Ge￿ra1 fvnd Resthcted funds hn Allen Wuest 1￿.818 3.757 172,4J5 TOTAL FUNDS .616 533,m3 com￿ra￿e netnxwenwrt *) bJn¢X wK*JtsJ 8t*Y4eareasfc4 IncotTrwvJ R￿￿u(CO5 Gains 8 In funds Unr•sirl¢t•d fund* GeMr81 fvnd )J3.19B 1179.7031 2,13S Rastheted funds hn Allthi effjuest 3,757 TOTAL FUNDS 203.J7 1179.7031 5.793 29,387 A curr•nt y•¥i 12 rrtylhs 12 rr￿tr$¢I¥lkn￿ is* N*t 110.22 in fvjnds 30.9 24 Unr•strtct•d funds General fund 394,822 Rostrfctqd hn Allen 8e4uest 16S,648 24,3)) 192,988 TOTAL FUNDS 84.174 587,79) A cuirert year 12 rTrJnths and ye4r 12 rrKth ccrtired net rrDverrent in funds. In￿L￿￿￿ ￿ th2 Hbwe are Gains ar Mrt4emEnt ill funds Unrthcfod funds Genèral fund 4J.975 (364.6381 14.517 Re5trieted funds hn Allen Pequest 24.320 TOTAL FUNDS 31.455 1384.6381 37.357 84.174 13 THE MIITARYVEHICLE TRUST NOTESTO THE FINANaAL STATEM￿TS-com1nUed FOR THEYE4R ENtEO 30 SEPTEMBER 2024 10. RELATED PARTY tISCLOSURES There ￿ere no le￿ tsarts&tthsbrthe ￿rer￿1 ￿24. 14 THE MILITARY VEHICLETRUST DEfAILED STATVAENT OF FINAPKIALACTMTIES FOR THE YEAR ENLED 30 SEPTEMBER 2024 2024 2QZS INCOME AND ENL*)WMENTS Donations and le0ac￿5 t)Qnal￿n$ and cAher In￿r￿¢ Gift aid SubxnKIKins 2.072 35,7 1S2,QB9 33.107 1￿.& 1￿.180 Othertradlng A&¢ertisirvJ Other 10,510 11.gKI 321 20,470 11271 Inve5trnent Income Inteiest rec*￿•￿e- Total Incomlng ￿OurCeS 8.158 203.￿7 ExPEN￿TuRE Ral8lng donatlonsand l•gxl• Gèneial secretary Ar•8 supput Mernbership Public•t￿n* Publicty Wèb 721 23,515 23,2C6 73,1 ?,eos 3,586 rJ,134 76,2S) 3.166 7.244 146,528 1%,733 Support eosts Managem•rt 8ank chaiges In8ura 3,187 50.018 4S,348 49.434 Governance costs untancy and legBI f 5202 3,536 Total r•50urce5 204,￿5 179.703 148t Income beforp galnsand Ios8es 23.594 Flea118ed recoonl8•J galn8 and k)S8•B Real￿ gainTJI105sttI on tsed asset Inveaments 31,564 5,793 Net Incoma $4.787 29.387 15