THE MILITARY VEHICLE TRUST
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDING 30[TH] SEPTEMBER 2025
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 |
| Council of Management Co -Opted members | 15 |
| Detailed Statement of Financial Activities | 16 |
2
ThE MIUTARYVEHICLE TRUST IREGISTERED NUMBER: 022269081 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 202S Th8 tws1888 who are aL50 direLaors ol the thanty for the wrposes of th8 cOmnI8$ Ad 2(K)6. ni Ihèlr report wllh the fin8ncKg1 stBlements of Ihe Larity for the year ended 30 Septembgr 2025. Thè trustees have adopted Itre provisions of Accounting and Reporting by Charit8.. Statement of RecomrnerKlÉd Praciica appllcable to ChalIeS prepgring their Bccounl8 in 8¢¢<dance with th8 Finan81 Repcrftkng Standard gpplirablè in Iha UK and Repu1¢ of Irdand IFRS 1021 loffoctiw 1 Jgnuary 20191. 06JECTIVE$ AMD ACTivrriES Obl•eiiv•8 and alma The TruBI Is eslabli8hed for th& purpose of Fesloring prgseMrvJ milllary v&hSd68 of hl$iorltAI Int8rasl 8nd th• presery8lion of bo¢$. dr8wlna8, r•cord8. documents, sound and v18uAI rerdIng5, films, pholcgraph8 and other m•dkq and ephemer¥ wl•ling to 8wh the history ano dewjlopmenl, and promD¢ing and •rjragIn0 Ihe $•me •lm In othar8. In furtheran of the abova oblects bul not otherthso tho dire¢l(xs Sh1 havtr tho powerto.. OrganSse. Bpon¥or and tsupport military v8hl¢16 and such oOr shows ond •v•nl8 and 6nceurago the spp8aranc8 ol hi6loric mllll8ry v•hl¢195 01 publlc evtrnts and 8how• fr( the provwon and 8llmulallon of inforrngllori, oducation 8nd Int8r•81 In $ucb v•hl¢loi. Slgnlflc•Tht Our mlssh)n. "keopln9 our m•¢honl¢&l v8t8ran6 allve. IB sch¥•d by increaslng Indlvldual and colleGlive knthèdga and understandlng ol rnlitsry vohlcl88 8nd Brt&¢ Ihrou9h OrkIng and educ4lon of membprs oftr tru81 and the public. Tho $¢1& oltho charty ar•.. l. Promoting tho r•$lDr¥lbn and prea•Nolbn olhhtork mlltt¥ryv•hl¢b•. 2, Publwhin9 8 quallly magazine, Wind6treon, whld) dlbUted to member• 61x Ilml o y••r. 3. Provldhp branded itoma lo promot• eur oh8rity end raise fundi. 4. Glvlng advico lo ownors and polenllal owne[3 ef hlslorK mllilery v0he8. S, Encouraglng th& 8PP8aranc8 of histrjric mlNl8ry vehidÉ$ Bl public ev8n18 8ThY ah0. 8, &ganlsing, Iponwrlng and supporilng mllilary v•hld• •nd such other llhDW& and wonts. whlth •11gn 1¢ our ch8dt8bb object¥ for the provi$lon and sllmul81Son of Infomialion, •durtIOn a Intere81 In Buch h166. 7. Provi8h)n of Info110n 4nd ¢1 to our 8rchlved documenlj. 8. Msillng Schools and oiher educ8tson 98tsblishffl8nl•. 9. SupportirvJ B nelwork of Mvf Af888, which laclllt8t¢$ m•mb•rs loul lo an are8 fv cpporfunlty 10 8xthBnge Informalbn and hdd ov•ni6 th818re open lo tho publk. 10. Provkling w8bslte Sr eccl81 media pbtform$ for tho prOvb)n of Infermaibn f¢r th• publ berth. Iruslees hsvg documentath)n and upd•l¢(J wh8f8 n6ce888ry aTrJ •n$ure 11 1$ In accordance wlh the Charfty Cornmitsion'8 guk1anc• on publb bjngfll, whlltsl ènsurlng the tNBt complies in all aspect8. OBJECTIVES AND A¢TIVITIES Publ1¢ b•n•flt The Iru51ee¥ confim that in the past 12 monlhy Iha oroanisolion endeavoured to ma81 jeclw88 and cathed oul gCtNitses lor the publi¢ b¢nefftlhrtyJgth thelolbwlng 8cl%A19'. - Ev8nts opan lo the public thot our rngtnb8rs attend. . Supwrting and 8ttendirvJ veler8n's memuial events Vi81ts to schools and other educslK>nsl establishtnenls. - Area meetings, inGluding Pte¥ent81ion8 about relative subie¢ts, whlth ore On to the publlc. Engagement with o1hwch8rilS Bnd trganlsations that 8h8r8 m8ny ofourcommon objectives. With 2025 being th8 80th 8nniversary of b)Ih VE and VJ Day5. trust mernbers w8r8 iw16d to lake part In th8 hundr6ds of commemortybon$ O¢ing hdd 811 over ts UK, 80 thSs has been a rngjof commitm•rtthis yèar.
THE MILITARY VEHICLE TRUST IREGisfERED NUMBER: 02228906) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025 11 was a patti¢Llarfy busy year for Irust members. and Ihi5 resulted in tho trusl h8in9 8 fum cakgndar of aGtivth¢s, so we feel that Ihe objectiY88 ef tho trust havo boon espw81ty well met ovgr thv period. ACHIEVEMENTS ANO PERFORMANGE ChJritsbl• activitiei TFkt Iru$lee¥ affj p16ased to pres1 the Milittiry Vtshlc Trust Trust•88' Annual Report forth& •nded 301h SepletnbBr 2025. A8 18 rvjw th& nonn81. wo proudly Start by thot Ih¢ Vehlde Tru8118 Ihe larawl and oldesl orgonisjliw for owrt•r8 of historical milltary vehicles in the wodd. Membersh40 of Ihe tnjst )ntin8 10 in¢r88s8 wNlsl Ihe wxtlorgest mllitory vèhlcle club h88 now Shrwk lo a quorter of lh¢ Mvfs slze. As if to èm¥th88188 this ntinUIn9 gwd wws. Ihg tru81 h4$ $e¢n th¢ Nmber of rW Ar88s Ibmnche$l Increase by four thi8 year, bdtyino toial to 40. Th15 Is due to n8w vteerS off•ring lo lok¢ up ih8 roles ol Ar68 Seuelory. alortgsido tho m8ny oxling volunté8r8 wh) gvo Ih•lr Ilme and enorgy Into making tha Irusl th8 successful or9onl8alon rt Is lodgy. Wfth re6PO¢t lo the tharit•U• ebJoctlv•D aThJ our ml8¥bn of our m•¢h•nk•l v•t•r8n8 allv8" we hav8 been selY supporting tyJlh. UThYèr th• hèadlng of'R•6toro and con•., w• hive b8en cvnllnulNJ lo work on dlolll8lng key documanls lo hBlp our m6mbèr8 and th6 wider 98neI publ with Ih•lr w¥lornllon8. The liusl'6 vehlde verSncalion 8er¥lce conliriues lo gBI mo l¢l&s ba¢k on th6 road fer people 10 8••. and w• provldè our support to the F8deralSon of Briliah Hlilerkpl V•hlcle Cluh who monttor 811 ¢horvJe5 knal Mh1 affecl the conllnulrtg us• of 811 hL81oilc hl¢le$. Th18 year h88 also Been the trust $Poclfi¢olly tsupportlng th•'Crand Buffab., 8 ¥ rw• examp af # IBek8d amphlblou6 h[Cle el WW2 vlnlaq•. Undtrr IlK hoadlng Of"Edate and InBplre", our mgmbBrs h&v8 und8rtaken more vlslt8 to 8choo up and down Iho country, •duc&iing chlldron on th8 hlBty ol mlllliry vehlcles End equlpmanl 88 port of thèir WW2 hl8lery curriculum. Wilh 2024 being Iho 80th annlvorBary of the WW2 D.04y L•ndlnw, th• Fede110 of Brlll6h Hlslorlcal Vehlde CIthB Inv11 Ihe Iwgl to dl8play 8 sel8¢1I00 of our hkllorkal vehi¢les •a part ef Ihelr slBnd Éi Iho n8tn81 CLg881c Molor Show 81 BlrfflinghBm's NEC. Around 72.000 enlhu61a61s attended the throe.day event. ao we wer8 8bk9 to me81 a very 18rp. molnly now BudiBnc8. Ihe rnlorSly ol whom were unf8mill8r wbth our work. W• wgre particul8Hy proud Ihal we had mgmb•FB and It1r vehiGles 1okin9 part tho Mililary Music Speclacubr 81 Hor80 Gu8rd& In London. ar the Iru81 had 8 very high profile both Ttsnkfési and TkJer D8y 81 80rlen Tank Mu¥eurn. Whils1 mention hats been m8d8 of these hffjh-profile events. our Aroa Sacretarfes r8glBlor8d, ler In8urance covor, over 1200 events In the 12 m¢nthB UP to Ihe year end. Our m•mb•rs wllh thelr vehicles arts ¢rt8lnly In the pvbllds eyel 'Honour and Respeci. 1$ rolltrtttad In 011 our S118. end Ihls ye8r. al in mry yoir, twr m¥mb8r8 mo¥$ively 5UPWrttrd lh8 Royal British Legron wth I1r Poppy Oay ¢dl8¢tbns up find down Iho unlry. As tha Classic Motor s. m8nliL>n¥tS ab)ve, covered Remembrancé SundBy, the tr1 ded lo mark RemombTgnce Day wlh sh(Kt which covered th8 2 minuteB' silenc•. qtlr8cled B larger than 8xpeoted 8lt•nd8nce from both other exhibitots 8rwJ the publlc. Ow Conlinulng support 8nd sponsorship tsl the Natn81 Memorial Arboretum Inoluded prowding, 81 Ihthr reguesi, both v8hides and p*rson81 for Ihelr Remembrance Sunday sa1¢8. Olher aclvllk88 organks Ihis year have In¢ded a batch of safely traning ¢ourses. Th digilltn of the library 18 progressing well svilh the first Vehic manuals baing compkled. In a slmllar vein. the Iru51 ha5 taken a now stap by pu1$hIng a set of seven 0ks, Brilish Military Transport rrom 1939-1945. Thls Is Ihe only comprehensive c8lalogulng of erfllsh WW2 mililBry vehicl95 to hBve been 8$8?mbl8d. a lifetime's work by Mr l F Green. Not only arv th8 book$. whkh eover 18 parts. available for purchase, w8 have also publish lh online. making them Bvailabl? to a muchlorgar. worth¥ide audiencg. A full of all our g)v8mance and polty ¢JLKuments h85 also bgen cotnpl¥d to ansure Ihal we continue to wmptywilh the reguir6m6nts for a modem th8rlty.
THE MILrrARY VEHICLE TRUST IREGISTeREO NUMBER.. 02226906) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025 This year sow another fits1 in that w8 c8rried out a UK census of historic M111tsry vehlde In wvalaly or museum ownership. This produced Ihousands of r8spon8e8 and has provlded 8n int•resling insight as 10 Iha numbarand lype of vehicles in private or museum Ixwership All the work c8rn8d out to ensure the Military Vehic TTUÈI m8&ts its charftabh ahrs Is caryled out by numarous volunts8rE in thtr many varied rcde8. We also acknowledge the contbuon m8de by every member. be il restoring and displaylrJ Ihelr ¥86 and equlpm8nt. carTrir¥J out 8nd oharing rtr$tÈrch, or keeplng our history alive In meny drff•renl wa. tt i¥ Ill eonlrfbullons that moke the trust the promior or99nOI1n It Is today. FINANCIAL REWEW Prlnclp•l fundlng •¢xIr¥ The prfncipal ftsndlng source8 durlng Iho year wero from Bub$p1¥ •nd adv•$Ing. Ro••N•• pomcy In accordance wilh guldlin88 I68d by tho Chodty comm11on0, th• Id0d p)Ilcy r•garding th• wsarves, whlch 8hould ansure that.. 01 Th8re ara 8d8qU816 fundB lo 8nBure thal th• Chydty Is )18 to mthi All ¢iJff•nt aTrJ known futur• bl Free ras•rvo• do ¢ excegd more thon 18 month$ of anlldpa18d axp8ndllur6 lor the Iru5¢ to m¢01 It¥ obli98llong lo pak1-up m8rnb•r6. fjolng concown The ¢hwly'S m•in WL¥e• of Income through membershlp $ub8crtplioro •nd •dvortl$lNJ. Thè tru81•e8 consk1•r Ihol Il 18 appropri819 lo preptsr8 th8 accounts on 8 conc8m baB16 and )ns•qu¢nlly, the account8 do ncl Includo any Jdluulmentj Ihpl Uld b• 1?ry Ir th888 sourc•s of Incorm ihould e•aa•. FUTLIRE PLAN8 Our key prrlIeS in 202812027 0r•'. Conlinuing 10 0ft8r Iln8ncK916UPPOrt lo running thows and èvant#. knng wNh provk11ng F4annlng 855islanGe. Olh8r guid8nc and Ir8lnod marshals whoro requeoled. To wld8n oul and enwurage Areas lo aMbTfi digital t•chn¢logy wh•r• il woukl prove uedul, •$ well as offer1r support and Irainin9. Encourage lurth•r membJrts 10 und8rtak8 8ducallonal 85t8 10 schods 8ThY olhor •durAllonBI •venls, and wh8f8 rC0s68ry, arranglng DBS ¢hacks Ind Baf•gu8rdSng Iralning. ConbnUO 10 build the Ilnks wllh olher mllltary and volerons, org#ni¥kiion8, •specio1ty thè NM& wh8ro our Support would bgnBlil both bod$. Entour898 members a5 Indlvl¢u815 io joln In Iru$i'$ Iprow$i¢nall Ir68 pL2ntVJ 8ch8me al tho NMA wlth a vl8w to ofT8ettlng carbon Irom Ihelr Indlvldu81 hlslort¢ mllllary vehlclos. - Centlnue to our mombershlp Bnd 8ttrBcI mor8 memb8r8 from lh8 wlder mSlltary history 4rtd IParting fKtyldÈ. . Conlinue to t8ke forward our Pn& for dlSIng our r8f8r8rK8 Ilbrary and fflaklno mtsr• wnuo11 av8i18bl8 to Ihe publbon Iho webslte. STRVCTURE. GOVERNANCE AND MANAGEMENT Gov•mlng docum•nt The rharty 16 eonlrollad by govemSng document. B deed of tnml, qnd wnsb'lute8 a Ilmttad CQrnP8ny. Ilmiled by gu•rnntee, as dafmed by the Companby Act 2006. Rocrultmfrnt and apPtnI of tru8tO Iruslees. who ar• directors ol the CoMpay, 8re appoint by the rNdmb8rs of the Mi1tt4ry Véhi&e Trnstal an Annual Gener81 MeetirvJ.
THE mILARy VEHICLE TRUST (REGISTERED NUMBER.. 022206) REPORT OF THE TRUSTEES FOR TAE YEAR ENOED 30 sepTeMBER 202S STRUCTURE. GOVERNANCE AND MAIIAGEMENT TrLrBt•• Inductlon and trainlng Crrent trustee5 are familiar with th& work orth8 charty as a result of 8 long5tsnding Mnn8clon or owa¢8n888 of the org8nls81ion, New trustee$ are irTrviled to attand Wdetings, evenl8 and 8Ctivili9 to 1gmlllarls8 tMselveS with lh& work of th8 tharw and th• wntexl in whith11 llpèrales. Twslees are 8nts)urng8d lo att•nd specmc Iruslee trahing 8NJ the crty folows NCVO gukl8nce on 'Go(Kl Trustsè Govemsnc8 and Lead8rshlp'. Tru•t•• r•8poMlblllUM In I•11010 th• nn•n¢thl •tai•m•nt Th8 truste88. who are 8160 dlwlors olth& chaty for the purpose8 ofthe Comp8nk75 A¢1 2006, aro responslbl8 for prep&rlng and pr888nling tho Tru8le8s' Annugl Ryri wllh fin8ndal skMentS of the cherity for the yeer endad 3Qlh S8ptsmb6r 2025, In accordance vllh appli¢•bPa1ow and UK A¢¢ountlng Sl8nd8rd8. ¢omp8ny18w requk•s tho Iwst•o• to nn•ndol 8talomènt8 for •vKh finanrial yeqr. whkh olve 8 true fair viaw of Iha stala of affairs of tho chori18bl8 company and el lh• Incoming régourc•s gnd gppIIcgllon ol resources. IncludlNJ tha Incomo and •xpondiluro. of th8 rhBritsblè mp•nyl¢r I1 perfod. In preparlng th08• fln8ntyal st4lemenls, Ihtr tru$i•é• ora raquSred to.. SO1 BullBbkn a¢counling polidas and Ih•n app th con6hlenUy. - Obse? the rnelhods @nd princlpl88 In ihe Charities SORP 2e16 IFRS 1021. MBkeludgmonl$ and 8sllmales Ih81 ore and prudent. Stsl• wh•lh•r •ppllc&Ne UK Acceunllng Standards hav• b8•n folbw•d, lublecl to any m8t8rL91 d8P8rtures oSed and explalnod In Ihè nnanclal 6t8lom8nt8. Prepar• financlal staI•ml on tho 90Sn9 cOnM b••l• unl• kn•pproprL9t• Io pY•6umo Ihal th8 ch8Flt4bkn r4)mpgny wlll continu8 In oper811M. The truèi••• •re M$pon8lblo for keeplng 8dequat• accounllng rery)rds th$1 Ol$ckn88 wllh r6880n8ble occuracy al any trm8 the flnancial positn of Ihe charl1ab comp8ny and onaNe them lo ensw¢ th•1 tha Iln8ncL41 8taternents cornply wllh Ihtr Compan8 Aei 2006. They are aho ro8ponsSble for BBfeguardlng the 868818 of th8 th8rtt8bl8 company and her for t4kin9 rai&onab $top¥ for tha prav8ntlon gnd dolecllon ol I1 JrKI olFKTr Irregul8ri118s. Th18 r•wrf ha6 be•n prepared In accordanco wth the 6po¢lql y0v1onI of Port 15 ef Ihe Com455 Ad 2006 r8181ing to small companki. Approved byordar of the boord of tru$ie¢¥ on 14J•nu8ry 2026 8rJ 81gn8d C St8 beho11 by.. S P 8rornley- TwBte•
INDEPEt40ENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MIUTARY VEHICLE TRUST Indopendont examlnerfs rfrport to th• tru8tq•B of Th8 Mllltary Vehldfr Trust Comp4ry? I r8pDrt to Ihe charty trustees on my examination of Ihe ocwunls of the C4Jmp8ny for the year end 30 S8Ptember 2025. R9•por[blI1tI And baBL8 of report A8 the ¢harily'8 Iru$l6es of the Company land al Its dir8Ctors for tho purposes of compony L4wl you are rttKK)ns1a for lh6 pr8par8lknn of th• artounts In p¢cortl•nc2 the rEqulremenl$ of tho CompanSes Act 20081'fv 2006 Aei'i. H8vlng saU8ft8d myBeK It the a¢countG ef Iha Comp8ny aro nol rgquked lo bo audtsd undar Part 16 el the 2008 Act end 8re el[ble for Independèni trxaminalkJn, I report kn raEpacl of my examlnglon of your ¢harfV8 accounts 88 carned out undfjr S8ctson 145 of the Charllies A¢1 2011 I'lho 2011 Ad'l. In carrylng out my exBffllnBllon I h&v& folk)w6d the D[recIn& gwen by th@ Charity C4)mml•slon und8r $8cllon 146(Sl Ibl of tho 2011 A¢t. Ind•pbnd•ht•xamln•r'• 8tatsm•nt I h•v• com91• my •xamin811on. I confim th•1 no mattern h•ve com• to my attenc In conmcuon wllh •xarnlnatlon 90 rn8 lo 1.. accounllno rewrdj w•re rrt)I kept In r••peet of Iha Company os required by So¢llon 3e6 01 lh• 2006 Act.. LY Ihe •¢counts do not accord wblh thola r•cord8', er lh• acts)unis do rkil comply wllh th• anIn9 r8qulr8m•nts ef Socllon 396 of Ihe 2008 A¢t 0lh8r Ih8n any requiremenl Ih81 the 8ccounls Givo a Iruo #nd f•ir whlch18 not o matter 81d•red 85 yri of an Independenl examln81ion". or tha 8ccounls have not been pr•p8r•d In •tex)rd8nte wllh Ihe mtrlhods and prin•8 of th• StBlemonl of R•comm8ndad lor aecounlSng gnd reportlng by thbrllka18ppllc8bK to charl18 pr•parlng tholr •¢¢tsuth In 8ccerd8ncé wllh th• Flnandol ReporUn9 St•nd•rd $pplic4bl8 in tho UK find Republlc ol IreLgnd IFRS 10211. I o)rK8m8 and haw com 8cros• 0lh8r maiièfs In ¢onn8dbn wllh the oxamlnalbn to whlch 4ttonlkn $h¢ukl b• drawn In lh r8PCft In order lo 4 prop•r urthtsndk)g of Ihe sounIS le be reached. Athm Cmlvèrt Rh10Th3 Chartered Accountnts SMrmck House 1 F8rad£y court Fulwr Praston Lancashir• PR2 9NB 14 J•nu4ry 202
THE MILITARY VEHICLE TRUST STATEMEIIT OF FINANCIAL ACTIVITIES FOR THE YEAR EMDED 30 SEPTEMBER 2025 2025 Total funds 2024 Total furbJ¥ Unreslrlcted Restr fund INCOME AND ÈNDOWNENTS FROM Donatn and legac 193.220 193,220 199,850 Other Ir¥dlng a¢tivltsa Investmont Inr¥Jmo 13.349 13,349 20.470 Tol•l 1.938 EXPENOITURE OPI R818lng fund8 184,869 5,1SS 170,024 148,526 Oth•r N•1 galns on Inve8trn•nl• NÉT INCOME 13,603 13.874 27,127 54,787 RECONCILIAnON OF FIJNDS Total fundB brought forward 394,822 192,968 587,790 533,003 TOTAL FUNDS CARWED FORWARD 206 542 814917
THE MIUYARY VEHICLE TRUST (REGISTERED NUMBER.. 022269061 BALANCE SHEEI 30 SEPTEMBER 2025 2025 Total fdS 2024 Total unrestri& RestrKled fund fund Nol•s FIXED AS$ET$ Inv88tm8nls 113.000 158,189 271.169 243,821 CURRENT ASSET8 O¢blors Cash al bjnk 594 299.802 .144 300.396 48.353 348,749 350.329 CREDITORS Amounts faWrF du• ¢hIn onè y68r 15,0211 15.0211 18,3801 NET CURRENT A8SET8 343 728 TOTAL ASSETS LESS CURRENT LIABILlnES 408,375 208,542 814,917 se7.76XI NET A88ETg 814817 FUNDS UnrtrsirfLtsd lund8 Roslricted lund 408.375 394.822 TOTAL FUNDS The charitablg Gompony Is anllllad 10 8xempllon from aud51 undw S•¢tlon 477 01 the Mpan1 Ad 2006 for the YeareDd 30 Septembèr 2026. 614917 The members hove requir•d th• ¢ompany lo oblaln an 8udll of It8 fin8nclBI for Ih yottr 8ndbd 30 SW•mb8r 2026 In accord8ncB wkh se0 478 of thè Cemp8nle$ Act 20(. Th¥ Iruatee8 a¢knOOdg0 thdr respDn8lblliliBs for lal ensuring that Ihtr charitab wmpany keops otxounwng r8uJrds th&1 Mpty wlth S8CthY 3ee and 387 oflhe Comptsn8 Act 2008 and Ibl preparing financl81 slatements whith give a true 8nd fair vi8w ef th8 81Ble ol 8ffalr8 of the ch8rftety Gompany 81 tt)e end of each IinonGial year and of it• Surplus or d•f[l for each financi81 ye8r in acwrd4nc¢ with thè raqulrements of Seclbns 394 gnd 395 Bnd which 0lhenM88 cotnply with Iha requirements ol th8 ComparweB AGt 2CQ6 rèlallng lo flngncL91 8tslem•n15. sofBr 85 appliGqblB lu the ¢h8ri18bl• company. Thes£ fingnclÈl stal8menl$ fAv8 be8n y8P8red in aGcordance with applicable to chari18bl6 companies subjoGI to lh¢ $mall companieB regim8. Thè fln8nclal slalwnerds re approvod by the Board of TrLK8te88 8TrJ aulhorised for IOWB on 14 January 2026 and w•r& S[qd on118 behalf by.. S P Bromley-Tru
THE MIUTARY VEHICLE TRIIST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3Q SEPTEMBER 2025 ACCOUNTING POLICIES Ba81 of proparlng the Itnancial statem•nt8 Th& finandal 8181em8n15 of the charitable wmptyty, whld) 18 8 publk benefit enbty und FRS 102, have been preparad In attordance with the Charibès SORP IFRS 1D21 'Aco)uniing and R•porting by Charities.. Slaternenl ol Re¢omm8nd8d Pr8clice eppliGatle to charllle5 weparing th8lr attounls in aOrdance with Ihe Financial Reporfing Slandjrd appllcable In tho UK and Repubwc of IreL8nd IFRS 1021 leffecliv8 1 January 2D191'. Finan1 Rawrtlng Standard 102 The Financial R8portlng Standard appll¢8ble In Ihe UK and Republlc of Ireland, and th8 Comp8nles Act 2006. The financlal slalefflenls have been prÈp8¢ed undar lh8 historic rA>BI conventrt, 1 the 8Xe8Pllon of Inv88lmenls whkh 4r• included Bt market valu6. as modifled by the revsluoOn gf cerf•ln 8ssets. Inaom• Al inc4m• l• r•¢rfnlt•d In Ihe Staknenl ol Flnancbl A¢11$ ont Ihe chty h88 ntsllemtnt lo tho funds, It IB probgble th#1 th• in¢ome wlll bo recelv&Y 8nd the ornounl ¢gn be Measur reliBbty. expend1r# LKqbilllle are recognl•od expendilurt os soon as there is 8 18g•l or conslrucl obllg81Son commltury Ihe chNrtty 1¢ Ih•t •xnlIur•, il 18 k¥¢ba0 that 0 tr8nBfef of ewnomi¢ bonolls win ba requlied In Bottlemenl and Ihv •mounl of tho ob1lgal1r can ma88ured reli•trAy. Expendiluro ia accounted for on an accrug1• tsa3 Jnd hats be•n cl8ssil6d und8r he8dlng8 Ihal 8ggryygblo 411 w$1 roltyi•d 1¢ lh• category. Wh•r• costs c4nnol be dlreclly 8llrtbul8d lo particular ha8dSng8 th•y hav• boon gllrKol•d lo 8cliviliè8 en a ba8 conslslgnl wlth th• UBe of o•our¢•$. Tax•tlon Th• charfty18 8x8mpI from wrpor4lbn lax on Its Fund accourthng Unra8lrfctsd fundB Cen us•d In ax¢rd•n¢• wlth Iha Ch18b ebl8clv88 ql tho dlBcrelkin of the IruBtoos, Re&lriGtl furKlJ enty be u88(S for partScular restrtcled purpo$ wlthln tho e¥ocls of th• chanly. ReBlrFdbns ttriue whan pled by donor or when funds rwl••d lor PBrtkuLqr le•trtY pwpoBeB. Further 8xpLgnalh)n of th¢ notur¢ purpo80 of each fund 18 indudod In th• rn)té¥ lo tha rinanrAI s*Bioment&
THE MILITARY VEHICLE TRUST NOTES TO THE FINANCIAL STATEMENTS- ¢ontinu•d FOR THE YEAR ENDED 3Q SEPTEMBER 2025 OTHER TRANG ACTIVITIES 2025 2024 Adv•rti¥ing Olhor 11,680 10,510 IIIVE8TMENT INCOME 2025 2024 Inlérn81 rec0b1. Ir•dlng TRUSTEES. REMUNERATION AND BENEFITS 2025 2024 G•n•rnl 88¢r•tsry 722 Tru•t•••' •xp•M Th•r• w•r• no t1668, exp8nBe8 for th• y••r •nthd 30 Sept6mtr 2025 nor lor tho r ded 30 Sopi•mb&r 2024. COMPARATIVES FOR THE STATEMENT OF FINAKIAL ACTMnE8 Unreslrlcled Rgitrkt•d lund fund fund$ INCOME AND ENDOWMENTS FROII Dwolionj •nd legaciés 199,860 199,860 Other tradlng tLIfvII10 Inweslmenl Income 20,470 20,470 T*)tsl 226 777 EXPENDITURE ON Raising funds 146,528 148.528 Tot•1 Nel golns on inv88trn8nts NET INCOME 34.224 20,583 64.787
THE mILARy VEHICLE TRUST NOTES TO THE FIMANCIAL STATEMENTS. eontlnued FOR THE YEAR ENDED 30 SEPTEMBER 202S COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTNITIES- eontlnuod Unieslncted Reslricled Total fund funds RECONCILLITION OF FUNDS Toii funds brou1 forrd 360.598 172.405 533,003 TOTAL FUNDS CARRIED FORWARD 304 822 FIXED ASSET INVE8TMENTS UnlL8led Inwe$tmenl• MARKET VALUE Al 1 Ocl¢ber2024 R•vBluition8 243.821 At 30 Sopl8rnber202S 271 189 NET BOOK VALUE AI 30 S8pl8mb•r 2025 271 189 At 30 Seplemb¢r 2024 243 821 ThDr• w¢r• rn In¥8strn8nt 988•t• Out the UK. Colt or v8hJalon 4130 S•pt•mb•r 2025 * r8kYwvnl•d by.. Un1161ed Inveulmonts V81ualion In 2018 Valuation in 2019 Valuatn in 2020 Valu8lK)n In 2021 Valuatn in 2022 Valualh)n In 2023 ValuatiorTr in 2024 Va8t10n In 2025 Cost 16.3261 2.321 12.4621 29,120 126.1081 5.793 31,563 27.368 210000 271 189
THE MILITARYVEHICLE TRUST NOTES TO THE FINANCIAL STATEMENTS. cot)tlnu FOR THE YEAR ENDED 30 SEPTEMBER 202S DEBTORS.. AMOUNT8 FALLING DUE ItyTfHIN ONE YEAR 2025 2024 Trade deblere VAT PrepayrneThl8 144 308 5.000 CREDITORS.. AMOUNT8 FALLING DUE 7MTHIN ONE YEAR 2025 2024 Tr•J• credllorn VAT 0th8r w•dho 3,0 1.974 MOVEMENT IN FUNDS At 1.10.24 mov•m•nt In luTrJ6 30.9.25 Vnr•itrlet•d funth G•noral fund 394,822 13,553 408.37J John BequoBt 192,968 13,674 206,642 TOTAL FUNDS 814917 mov•monl In fund$. Indud*J In thè 8bov8 8r8 86 folbw8.' IOMI Resourc06 GalnB and Movement re8oUrl èxponded In fund8 Unr•strf¢t•d fvnd• Ger81 fuNJ 220.487 1217,5091 10,575 13,553 R•6trlct•d lund• John Aln Be4UgSt 1,938 15.1551 16,793 13,574 TOTAL FUNDS
THE MIUTARY VEIIICLE TRUST NOTES TO THE FINANCIAL $TATEMENT$- contlnuod FOR THE YEAR ENDED 30 SEPTEMBER 2025 MOVEMENT IN FUNDS. bnUed Comp•r•tlv•s for mov8moTht In fur#JD N&t vemenl In funds 1.10.23 30.9.24 Unr••trlctod lund• Gènèral fund 3eo.598 34,224 394.822 R•gtrlct•d John Wl•p B••uo$1 172,406 20,883 192,968 TOTAL FUND$ 533 003 CoMp•r•I In fund6, Irduded kn the abow ar• a6 folbwu.. Incomlrq R•swrc•s G•li¥ •nd Mov8m¥ r•8our expended Ios888 In fund8 Vnru¢rl¢t•dlund• G8n8r81 fund 226,777 1204,9351 12,362 34,224 R••trfct•d fund• John Mlan Boqu•81 1,381 19,1e2 20,583 TOTAL FUN08 228158 A ¢urmnl 12 month6 and poror 12 rrrf)nlhJ ¢rffibln¢d p¢•)n li 08 fell.. Net movomanl In fd$ At 1.10.23 At 30.9.25 Unr••trlct•d fvnd• G8ner81 fund 360.598 47.777 408,375 Re•trI94 fund# John Bequest 172,405 34,137 206.542 TOTAL FUNDS 614917
THE MIUTARYVEHICLE TRUST NOTES TO THE FINANCIAL STATEME14TS- wrrflnuod FOR THE YEAR ENDED 30 SEPTEMBER 2025 MOVEMENT IN FUMDS. corrtlnued A current year 12 moTrths and prior year 12 months o)mtrlned net mov¥m¢nt in fund8, inG1led the abuve am 8$ fdlows.. IncomiNJ Restrjrces Goins and Mwmanl resourw¥ •xpended 8806 in fund• Vnr•strlct•d fund# sra1 fund 447.284 1422.4441 47,n7 R••trl¢¢•d lund• John Alkn eequest 3.317 IS.1531 35.975 34,137 TOTAL FUNDS 460.581 1Q. RELATED PARTY OIS¢L¢)8URE8 Therè wor• no rolaled party tran¢tIOnS for tho yO8r onded 30 S•pl•mW 2026. COUNCIL OF MANAGEMENT CO-OPTED MEM8ERS'.- R Adams- Vehide Verificauon Offlc•r K Ev•r•BI- Evoni8 M8n8ger R Gibtson- Communlly Officer W Holrnes- Sod¥l M¢dla Offioer A Gr••n- Sal88lWant8 & EvontB CqlendHr MAnag8r l Young. Pla910 Edlly 8 John80n- M8morf81 LIaOn OMcBr S Newbould N Ellk)tt C Bedford
THE MILITARY VEHICLE TRUST DLED STATEMENT OF FINANCIAL ACTIVITIES FOR THE Y&4R FNDED 30 SEPTEMBER 2025 2025 2024 INCOME AND ENDOWMENTS Don4Won$ and l•g•cl•# Donalons arvj other Income G1 ak1 Subscription$ 13.0981 35.041 1e1.275 2.072 35,739 162.039 193,220 199,850 Oth•rtrndlng a¢tlTAtI•• AdvertiBing QIMr 11,580 1,700 10,510 13.349 20,470 Invutm•nt Iorn* Int•rast r&¢8fvaN•- tradlng 16.8S4 7,838 Tot•1 In¢omlng [•T£• 222,423 228.158 ExpeNDITURE RIlAlrby donatlon8 and l•g•ch• Ganar81 secretgry Buckfosllelgh SlvJw Are8 Suppori Mombershlp Publkalbns publ¢Y 4nd N•llonal Show8 We 722 5,105 33,010 31.264 77.788 19.125 2.954 794 35,960 23,134 7e,230 3,ie8 7.244 170.024 146.628 support coitl ManBg•m•nt B8nk chargoe InBur8n 3,016 47,611 3,187 50.018 50,627 53,205 Gov•rnonc• 11¥ Accwnlancy and 981 leè8 2.013 S,202 Total resources expended 222.e64 204,935 N•t l•xp•ndltur•Vln¢omè b•for• galns and10sS•S Roa116•d r•¢ognb8od galnB and105S01 Realise¢ gainsll1055e51 on fixed asset invèstrn8nts 12411 23.223 27.388 31,584 Not Incom• 27.127 54,787 This page do8s notferni part of the StOry finenGi81 s¢otém8nts