## 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 cOm￿nI8$ Ad 2(K)6.
ni Ihèlr report wllh the fin8ncKg1 stBlements of Ihe L*arity for the year ended
30 Septembgr 2025. Thè trustees have adopted Itre provisions of Accounting and Reporting by
Charit￿8.. Statement of RecomrnerKlÉd Praciica appllcable to Cha￿lIeS prepgring their Bccounl8 in
8¢¢<￿dance with th8 Finan￿81 Repcrftkng Standard gpplirablè in Iha UK and Repu￿1¢ 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
re￿rdIng5, films, pholcgraph8 and other m•dkq and ephemer¥ wl•ling to 8wh the
history ano dewjlopmenl, and promD¢ing and •r￿jragIn0 Ihe $•me •lm In othar8.
In furtheran￿ of the abova oblects bul not otherthso tho dire¢l(xs Sh￿1 havtr tho powerto..
OrganSse. Bpon¥or and tsupport military v8hl¢16 and such o￿Or 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) ￿ d￿l￿bUted 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 v0h￿e8.
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$lon and sllmul81Son of Infomialion, •dur￿tIOn a
Intere81 In Buch ￿h1￿66.
7. Provi8h)n of Info￿￿110n 4nd *¢￿1 to our 8rchlved documenlj.
8. Msillng Schools and oiher educ8tson 98tsblishffl8nl•.
9. SupportirvJ B nelwork of Mvf Af888, which laclllt8t¢$ 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 prOv￿b)n of Infermaibn f¢r th• publ
ber￿th.
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%A1￿9'.
- 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 O￿n to the publlc.
Engagement with o1hwch8ril￿S 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 h8*in9 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$lee¥ affj p16ased to pres￿1 the Milittiry Vtshlc￿ Trust Trust•88' Annual Report forth&
•nded 301h SepletnbBr 2025.
A8 18 rvjw th& nonn81. wo proudly Start by thot Ih¢ Vehlde Tru8118 Ihe larawl and
oldesl orgonisjliw for owrt•r8 of historical milltary vehicles in the wodd. Membersh40 of Ihe tnjst
)ntin￿8 10 in¢r88s8 wNlsl Ihe wxtlorgest mllitory vèhlcle club h88 now Shrwk lo a quorter of lh¢
Mvfs slze. As if to èm¥th88188 this ￿ntinUIn9 gwd wws. Ihg tru81 h4$ $e¢n th¢ Nmber of r￿W
Ar88s Ibmnche$l Increase by four thi8 year, bdtyino toial to 40. Th15 Is due to n8w v￿￿￿teerS
off•ring lo lok¢ up ih8 roles ol Ar68 Seuelory. alortgsido tho m8ny ox*ling 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 s￿￿elY 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
98ne￿I 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 M￿h1 affecl the conllnulrtg us• of 811 hL81oilc
hl¢le$. Th18 year h88 also Been the trust $Poclfi¢olly tsupportlng th•'Cr￿￿and Buffab., 8 ¥
rw• examp￿ af # IBek8d amphlblou6 ￿h[Cle el WW2 vlnlaq•.
Undtrr IlK* hoadlng Of"Ed￿ate and InBplre", our mgmbBrs h&v8 und8rtaken more vlslt8 to 8choo
up and down Iho country, •duc&iing chlldron on th8 hlBty ol mlllliry vehlcles End equlpmanl 88
port of thèir WW2 hl8lery curriculum.
Wilh 2024 being Iho 80th annlvorBary of the WW2 D.04y L•ndlnw, th• Fede￿110￿ of Brlll6h
Hlslorlcal Vehlde CIthB Inv11￿ Ihe Iwgl to dl8play 8 sel8¢1I00 of our hkllorkal vehi¢les •a part ef
Ihelr slBnd Éi Iho n8t￿n81 CLg881c Molor Show 81 BlrfflinghBm's NEC. Around 72.000 enlhu61a61s
attended the throe.day event. ao we wer8 8bk9 to me81 a very 18rp. molnly now BudiBnc8. Ihe
rn*lorSly ol whom were unf8mill8r wbth our work. W• wgre particul8Hy proud Ihal we had mgmb•FB
and It￿1r vehiGles 1okin9 part tho Mililary Music Speclacubr 81 Hor80 Gu8rd& In London. ar￿ the
Iru81 had 8 very high profile both Ttsnkfési and TkJer D8y 81 80￿r￿len Tank Mu¥eurn.
Whils1 mention hats been m8d8 of these hffjh-profile events. our Aroa Sacretarfes r8glBlor8d, ler
In8urance covor, over 1200 events In the 12 m¢nthB UP to Ihe year end. Our m•mb•rs wllh thelr
vehicles arts ¢*rt8lnly In the pvbllds eyel
'Honour and Respeci. 1$ rolltrtttad In 011 our S￿￿11￿8. end Ihls ye8r. al in mry yoir, twr m¥mb8r8
mo¥$ively 5UPWrttrd lh8 Royal British Legron wth I￿1r Poppy Oay ¢dl8¢tbns up find down Iho
unlry. As tha Classic Motor s￿￿. m8nliL>n¥tS ab)ve, covered Remembrancé SundBy, the tr￿1
de￿￿d lo mark RemombTgnce Day wlh sh(Kt which covered th8 2 minuteB' silenc•.
qtlr8cled B larger than 8xpeoted 8lt•nd8nce from both other exhibitots 8rwJ the publlc. Ow
Conlinulng support 8nd sponsorship tsl the Nat￿n81 Memorial Arboretum Inoluded prowding, 81
Ihthr reguesi, both v8hides and p*rson81 for Ihelr Remembrance Sunday sa￿1¢8.
Olher aclvllk88 organks￿ Ihis year have In¢￿ded a batch of safely traning ¢ourses. Th
digill￿t￿n of the library 18 progressing well svilh the first Vehic￿ manuals baing compkled. In a
slmllar vein. the Iru51 ha5 taken a now stap by pu￿1$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 cont￿bu￿on m8de by
every member. be il restoring and displaylr*J Ihelr ¥￿￿86 and equlpm8nt. carTrir¥J out 8nd
oharing rtr$tÈrch, or keeplng our history alive In meny drff•renl wa￿. tt i¥ Ill eonlrfbullons
that moke the trust the promior or99n￿OI1￿n It Is today.
FINANCIAL REWEW
Prlnclp•l fundlng •¢xIr￿¥
The prfncipal ftsndlng source8 durlng Iho year wero from Bub$￿p1￿¥ •nd adv•￿$Ing.
Ro••N•• pomcy
In accordance wilh guld*lin88 I68￿d by tho Chodty comm11￿on0￿, th• Id0￿*d
p)Ilcy r•garding th• wsarves, whlch 8hould ansure that..
01 Th8re ara 8d8qU816 fundB lo 8nBure thal th• Chydty Is *)18 to mthi All ¢iJff•nt aTrJ known futur•
bl Free ras•rvo• do ￿¢ excegd more thon 18 month$ of anlldpa18d axp8ndllur6 lor the Iru5¢ to
m¢01 It¥ obli98llong lo pak1-up m8rnb•r6.
fjolng concown
The ¢hw￿ly'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 pr￿r￿lIeS 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 r￿C0s68ry, 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 pL2n￿tVJ 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 P￿n& for d￿l￿SIng 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 apP￿￿t￿nI of tru8tO
Iruslees. who ar• directors ol the CoMpa￿y, 8re appoint￿ by the rNdmb8rs of the Mi1tt4ry
Véhi&e Trnstal an Annual Gener81 MeetirvJ.

THE mIL￿ARy VEHICLE TRUST (REGISTERED NUMBER.. 0222￿06)
REPORT OF THE TRUSTEES
FOR TAE YEAR ENOED 30 sepTeMBER 202S
STRUCTURE. GOVERNANCE AND MAIIAGEMENT
TrLrBt•• Inductlon and trainlng
C￿rrent 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 t￿MselveS with lh& work of th8 tharw and th• wntexl in whith11 llpèrales. Twslees
are 8nts)urng8d lo att•nd specmc Iruslee trahing 8NJ the c￿rty folows NCVO gukl8nce on
'Go(Kl Trustsè Govemsnc8 and Lead8rshlp'.
Tru•t•• r•8poMlblllUM In I•1￿10￿10 th• nn•n¢thl •tai•m•nt
Th8 truste88. who are 8160 dlwlors olth& cha￿ty for the purpose8 ofthe Comp8nk75 A¢1 2006, aro
responslbl8 for prep&rlng and pr888nling tho Tru8le8s' Annugl Ryri wllh fin8ndal sk￿MentS
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 I￿1 perfod.
In preparlng th08• fln8ntyal st4lemenls, Ihtr tru$i•é• ora raquSred to..
SO￿￿1 BullBbkn a¢counling polidas and Ih•n app￿ th￿ con6hlenUy.
- Obse￿? the rnelhods @nd princlpl88 In ihe Charities SORP 2e16 IFRS 1021.
MBkeludgmonl$ 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•m￿l on tho 90Sn9 cOn￿M 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 posit￿n of Ihe charl1ab￿ comp8ny and onaNe them
lo ensw¢ th•1 tha Iln8ncL41 8taternents cornply wllh Ihtr Compan￿8 Aei 2006. They are aho
ro8ponsSble for BBfeguardlng the 868818 of th8 th8rtt8bl8 company and her￿ for t4kin9 rai&onab
$top¥ for tha prav8ntlon gnd dolecllon ol I￿￿1 JrKI olFKTr Irregul8ri118s.
Th18 r•wrf ha6 be•n prepared In accordanco wth the 6po¢lql y0v1￿onI of Port 15 ef Ihe
Com￿￿455 Ad 2006 r8181ing to small compank*i.
Approved byordar of the boord of tru$ie¢¥ on 14J•nu8ry 2026 8r*J 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$l6es of the Company land al￿ Its dir8Ctors for tho purposes of compony L4wl
you are rttKK)ns1￿a for lh6 pr8par8lknn of th• artounts In p¢cortl•nc2 the rEqulremenl$ of tho
CompanSes Act 20081'fv 2006 Aei'i.
H8vlng saU8ft8d myBeK I￿t 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[recI￿n& 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• com￿91•￿ my •xamin811on. I confim th•1 no mattern h•ve com• to my atten￿c￿ In
conmcuon wllh •xarnlnatlon 9￿￿0 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• a￿￿nI￿n9 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 thbrllk*a18ppllc8bK* to
charl1￿8 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
so￿unIS le be reached.
Athm Cmlvèrt
R￿h10Th3
Chartered Account*nts
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
Donat￿n￿ 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
f￿dS
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 ￿Mpan￿1
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 se￿￿0￿ 478 of thè Cemp8nle$ Act 20(￿.
Th¥ Iruatee8 a¢knO￿Odg0 thdr respDn8lblliliBs for
lal ensuring that Ihtr charitab￿ wmpany keops otxounwng r8uJrds th&1 ￿Mpty wlth S8CthY
3ee and 387 oflhe Comptsn￿8 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[q￿d 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 a￿Ordance with Ihe Financial Reporfing Slandjrd
appllcable In tho UK and Repubwc of IreL8nd IFRS 1021 leffecliv8 1 January 2D191'. Finan￿￿1
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 convent￿rt, ￿1￿ the 8Xe8Pllon of Inv88lmenls whkh 4r•
included Bt market valu6. as modifled by the revsluo￿On gf cerf•ln 8ssets.
Inaom•
Al inc4m• l• r•¢rfnlt•d In Ihe Staknenl ol Flnancbl A¢1￿1￿$ ont* Ihe ch￿ty h88
ntsllemtnt lo tho funds, It IB probgble th#1 th• in¢ome wlll bo recelv&Y 8nd the ornounl ¢gn
be Measur￿ reliBbty.
expend1￿r#
LKqbilllle* are recognl•od expendilurt os soon as there is 8 18g•l or conslrucl
obllg81Son commltury Ihe chNrtty 1¢ Ih•t •x￿n￿lIur•, il 18 k¥¢ba￿0 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• tsa￿3 Jnd hats be•n
cl8ssil6d und8r he8dlng8 Ihal 8ggryygblo 411 w$1 roltyi•d 1¢ lh• category. Wh•r• costs c4nnol
be dlreclly 8llrtbul8d lo particular ha8dSng8 th•y hav• boon gllrKol•d lo 8cliviliè8 en a ba￿8
conslslgnl wlth th• UBe of o•our¢•$.
Tax•tlon
Th• charfty18 8x8mpI from wrpor4lbn lax on Its
Fund accourthng
Unra8lrfctsd fundB Cen ￿ us•d In ax¢rd•n¢• wlth Iha Ch￿18b￿ ebl8clv88 ql tho dlBcrelkin
of the IruBtoos,
Re&lriGt￿l furKlJ enty be u88(S for partScular restrtcled purpo￿$ wlthln tho e¥ocls of th•
chanly. ReBlrFdbns ttriue whan *p￿led by donor or when funds rwl••d lor
PBrtkuLqr le•tr￿t￿Y 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 TRA￿NG ACTIVITIES
2025
2024
Adv•rti¥ing
Olhor
11,680
10,510
IIIVE8TMENT INCOME
2025
2024
Inlérn81 rec*￿0b1￿. Ir•dlng
TRUSTEES. REMUNERATION AND BENEFITS
2025
2024
G•n•rnl 88¢r•tsry
722
Tru•t•••' •xp•M
Th•r• w•r• no t￿1668, exp8nBe8 for th• y••r •nthd 30 Sept6mt*r 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 mIL￿ARy 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 brou￿1 for￿rd
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
Valuat￿n in 2020
Valu8lK)n In 2021
Valuat￿n in 2022
Valualh)n In 2023
ValuatiorTr in 2024
Va￿8t10n 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.'
I￿OMI￿ Resourc06 GalnB and Movement
re8oUr￿l
èxponded
In fund8
Unr•strf¢t•d fvnd•
Ge￿r81 fuNJ
220.487
1217,5091
10,575
13,553
R•6trlct•d lund•
John Al￿n 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. ￿b￿nUed
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 p￿or￿or 12 rrrf)nlhJ ¢rffibln¢d p¢•￿)n li 08 fell￿..
Net
movomanl
In f￿d$
At
1.10.23
At
30.9.25
Unr••trlct•d fvnd•
G8ner81 fund
360.598
47.777
408,375
Re•trI￿94 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,
inG1￿led ￿ the abuve am 8$ fdlows..
IncomiNJ Restrjrces Goins and Mwmanl
resourw¥ •xpended
8806
in fund•
Vnr•strlct•d fund#
s￿￿ra1 fund
447.284
1422.4441
47,n7
R••trl¢¢•d lund•
John Alk*n 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. Pla9￿1￿0 Edll*y
8 John80n- M8morf81 LIa￿On OMcBr
S Newbould
N Ellk)tt
C Bedford

THE MILITARY VEHICLE TRUST
D￿￿LED 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
G￿1 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 I￿orn*
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 S￿￿tOry finenGi81 s¢otém8nts