IRIS Accounts Production v25.4.0.155 Other Company accounts True false Pounds 1.10.24 30.9.25 30.9.25 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true true false true 0 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02226906 2024-09-30 02226906 2025-09-30 02226906 2024-10-01 2025-09-30 02226906 2023-09-30 02226906 2023-10-01 2024-09-30 02226906 2024-09-30 02226906 ns0:CharitableCompanyLimitedByGuarantee 2024-10-01 2025-09-30 02226906 ns15:PoundSterling 2024-10-01 2025-09-30 02226906 ns11:FRS102 2024-10-01 2025-09-30 02226906 ns0:IndependentExaminationCharity 2024-10-01 2025-09-30 02226906 ns11:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 02226906 ns11:FullAccounts 2024-10-01 2025-09-30 02226906 ns0:CharitiesSORP 2024-10-01 2025-09-30 02226906 ns0:Trustee1 2024-10-01 2025-09-30 02226906 ns0:Trustee2 2024-10-01 2025-09-30 02226906 ns0:Trustee3 2024-10-01 2025-09-30 02226906 ns0:Trustee4 2024-10-01 2025-09-30 02226906 ns0:Trustee5 2024-10-01 2025-09-30 02226906 ns0:Trustee6 2024-10-01 2025-09-30 02226906 ns0:Trustee7 2024-10-01 2025-09-30 02226906 ns0:Trustee8 2024-10-01 2025-09-30 02226906 ns0:Trustee9 2024-10-01 2025-09-30 02226906 ns11:RegisteredOffice 2024-10-01 2025-09-30 02226906 ns0:TotalUnrestrictedFunds 2024-10-01 2025-09-30 02226906 ns0:TotalRestrictedIncomeFunds 2024-10-01 2025-09-30 02226906 ns0:TotalUnrestrictedFunds 2024-09-30 02226906 ns0:TotalRestrictedIncomeFunds 2024-09-30 02226906 ns0:TotalUnrestrictedFunds 2025-09-30 02226906 ns0:TotalRestrictedIncomeFunds 2025-09-30 02226906 ns0:TotalUnrestrictedFunds ns10:WithinOneYear 2025-09-30 02226906 ns0:TotalRestrictedIncomeFunds ns10:WithinOneYear 2025-09-30 02226906 ns10:WithinOneYear 2025-09-30 02226906 ns10:WithinOneYear 2024-09-30 02226906 2 2024-10-01 2025-09-30 02226906 ns0:TotalUnrestrictedFunds 2023-10-01 2024-09-30 02226906 ns0:TotalRestrictedIncomeFunds 2023-10-01 2024-09-30 02226906 ns10:UnlistedNon-exchangeTraded ns10:CostValuation 2024-09-30 02226906 ns10:RevaluationsIncreaseDecreaseInInvestments ns10:UnlistedNon-exchangeTraded 2025-09-30 02226906 ns10:UnlistedNon-exchangeTraded ns10:CostValuation 2025-09-30

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 2025 |

| FOR |

| THE MILITARY VEHICLE TRUST |

| THE MILITARY VEHICLE TRUST |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| Page |

| Reference and Administrative Details | 1 |  | to |  | 2

| Report of the Trustees | 3 |  | to |  | 7

| Independent Examiner's Report | 8 |

| Statement of Financial Activities | 9 |

| Balance Sheet | 10 |  | to |  | 11

| Notes to the Financial Statements | 12 |  | to |  | 17

| THE MILITARY VEHICLE TRUST |

REFERENCE AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| TRUSTEES | S P Bromley - General Secretary

| P S Hamblin - Treasurer

| T Hawkes - Chair

| B Holmes - Membership & Area Liaison Officer

| J Newbould - Safety Officer

| S Parker - Insurance Officer

| C P Allsop - Publicity Trailer & Logistics Officer (appointed 20.10.24)

| J C Holmes - Administration Officer (appointed 20.10.24)

| B A Slingsby - Awards & Trophies Manager (appointed 20.10.24)

| COMPANY SECRETARY | S P Bromley

| REGISTERED OFFICE | Shorrock House

| 1 Faraday Court

| Fulwood

| Preston

| Lancashire

| PR2 9NB

| REGISTERED COMPANY NUMBER | 02226906 (England and Wales)

| REGISTERED CHARITY NUMBER | 327768

| INDEPENDENT EXAMINER | Rushtons

| Chartered Accountants

| Shorrock House

| 1 Faraday Court

| Fulwood

| Preston

| Lancashire

| PR2 9NB

| BANKERS | HSBC

| Saxmundham

| Suffolk

| IP17 1DP

| THE MILITARY VEHICLE TRUST |

REFERENCE AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| COUNCIL OF MANAGEMENT | CO-OPTED MEMBERS:-

| R Adams - Vehicle Verification Officer

| K Everest - Events Manager

| R Gibson - Community Officer

| W Holmes - Social Media Officer

| A Green - Sales/Wants & Events Calendar

| Manager

| I Young - Magazine Editor

| B Johnson - Memorial Liaison Officer

| S Newbould

| N Elliott

| C Bedford

THE MILITARY VEHICLE TRUST (REGISTERED NUMBER: 02226906) |

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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 2025. 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 trust 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 reviewed documentation and updated it where necessary and ensure it is in accordance with the Charity Commission's guidance on public benefit, whilst ensuring the trust complies in all aspects.

THE MILITARY VEHICLE TRUST (REGISTERED NUMBER: 02226906) |

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 SEPTEMBER 2025

OBJECTIVES AND ACTIVITIES

Public benefit

The trustees confirm that in the past 12 months the organisation endeavoured to meet its objectives and carried out activities for the public benefit through the following activities:

- Events open to the public that our members attend.

- Supporting and attending veteran's memorial events

- Visits to schools and other educational establishments.

- Area meetings, including presentations about relative subjects, which are open to the public.

- Engagement with other charities and organisations that share many of our common objectives.

- With 2025 being the 80th anniversary of both VE and VJ Days, trust members were invited to take part in the hundreds of commemorations being held all over the UK, so this has been a major commitment this year.

It was a particularly busy year for trust members, and this resulted in the trust having a full calendar of activities, so we feel that the objectives of the trust have been especially well met over the period.

THE MILITARY VEHICLE TRUST (REGISTERED NUMBER: 02226906) |

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 SEPTEMBER 2025

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The trustees are pleased to present the Military Vehicle Trust Trustees' Annual Report for the year ended 30th September 2025.

As is now the normal, we proudly start by stating that the Military Vehicle Trust is the largest and oldest organisation for owners of historical military vehicles in the world. Membership of the trust continues to increase whilst the next largest military vehicle club has now shrunk to a quarter of the MVT's size. As if to emphasise this continuing good news, the trust has seen the number of new Areas (branches) increase by four this year, bringing the total to 40. This is due to new volunteers offering to take up the roles of Area Secretary, alongside the many existing volunteers who give their time and energy into making the trust the successful organisation it is today.

With respect to the charitable objectives and our mission of "keeping our mechanical veterans alive", we have been very actively supporting both. Under the heading of "Restore and Conserve", we have been continuing to work on digitising key documents to help our members and the wider general public with their restorations. The trust's vehicle verification service continues to get more vehicles back on the road for people to see, and we provide our support to the Federation of British Historical Vehicle Clubs who monitor all changes that might affect the continuing use of all historic vehicles. This year has also seen the trust specifically supporting the "Crowland Buffalo", a very rare example of a tacked amphibious vehicle of WW2 vintage.

Under the heading of "Educate and Inspire", our members have undertaken more visits to schools up and down the country, educating children on the history of military vehicles and equipment as part of their WW2 history curriculum.

With 2024 being the 80th anniversary of the WW2 D-Day landings, the Federation of British Historical Vehicle Clubs invited the trust to display a selection of our historical vehicles as part of their stand at the national Classic Motor Show at Birmingham's NEC. Around 72,000 enthusiasts attended the three-day event, so we were able to meet a very large, mainly new audience, the majority of whom were unfamiliar with our work. We were particularly proud that we had members and their vehicles taking part in the Military Music Spectacular at Horse Guards in London, and the trust had a very high profile both Tankfest and Tiger Day at Bovington Tank Museum.

Whilst mention has been made of these high-profile events, our Area Secretaries registered, for insurance cover, over 1200 events in the 12 months up to the year end. Our members with their vehicles are certainly in the public's eye!

"Honour and Respect" is reflected in all our activities, and this year, as in every year, our members massively supported the Royal British Legion with their Poppy Day collections up and down the country. As the Classic Motor Show, mentioned above, covered Remembrance Sunday, the trust decided to mark Remembrance Day with short service which covered the 2 minutes' silence. This attracted a larger than expected attendance from both other exhibitors and the public. Our continuing support and sponsorship at the National Memorial Arboretum included providing, at their request, both vehicles and personal for their Remembrance Sunday service.

Other activities organised this year have included a new batch of safety training courses. The digitisation of the library is progressing well with the first vehicle manuals being completed. In a similar vein, the trust has taken a new step by publishing a set of seven books, titled British Military Transport from 1939-1945. This is the only comprehensive cataloguing of British WW2 military vehicles to have been assembled, a lifetime's work by Mr I F Green. Not only are the books, which cover 18 parts, available for purchase, we have also published them online, making them available to a much larger, worldwide audience.

A full review of all our governance and policy documents has also been completed to ensure that we continue to comply with the requirements for a modern charity.

THE MILITARY VEHICLE TRUST (REGISTERED NUMBER: 02226906) |

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 SEPTEMBER 2025

This year saw another first in that we carried out a UK census of historic military vehicle in privately or museum ownership. This produced thousands of responses and has provided an interesting insight as to the number and type of vehicles in private or museum ownership

All the work carried out to ensure the Military Vehicle Trust meets its charitable aims is carried out by numerous volunteers in the many varied roles. We also acknowledge the contribution made by every member, be it restoring and displaying their vehicles and equipment, carrying out and sharing research, or keeping our history alive in many different ways. It is all these contributions that make the trust the premier organisation it is today.

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.

Going concern

The charity's 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.

FUTURE PLANS

Our key priorities in 2026/2027 are:

- Continuing to offer financial support to Areas running shows and events, along with providing planning assistance, other guidance and trained marshals where requested.

- To widen out and encourage Areas to embrace digital technology where it would prove useful, as well as offering support and training.

- Encourage further members to undertake educational visits to schools and other educational events, and where necessary, arranging DBS checks and safeguarding training.

- Continue to build the links with other military and veterans' organisations, especially the NMA, where our support would benefit both bodies.

- Encourage members as individuals to join in the trust's (provisional) tree planting scheme at the NMA with a view to offsetting the carbon emissions from their individual historic military vehicles.

- Continue to grow our membership and attract more members from the wider military history and collecting fields.

- Continue to take forward our plans for digitising our reference library and making more manuals available to the public on the website.

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 at an Annual General Meeting.

THE MILITARY VEHICLE TRUST (REGISTERED NUMBER: 02226906) |

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 SEPTEMBER 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Trustee induction and training

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".

Trustee responsibilities in relation to the financial statement

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, are responsible for preparing and presenting the Trustees' Annual Report with the financial statements of the charity for the year ended 30th September 2025, in accordance with applicable law and UK Accounting Standards.

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing these financial statements, the trustees are required to:

- Select suitable accounting policies and then apply them consistently.

- Observe the methods and principles in the Charities SORP 2015 (FRS 102).

- Make judgments and estimates that are reasonable and prudent.

- State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.

- Prepare the financial statement on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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 14 January 2026 and signed on its behalf by:

S P Bromley - Trustee

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 2025.

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

Rushtons

Chartered Accountants

Shorrock House

1 Faraday Court

Fulwood

Preston

Lancashire

PR2 9NB

14 January 2026

| THE MILITARY VEHICLE TRUST |

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 2025 |  | 2024

| Unrestricted |  | Restricted |  | Total |  | Total

| fund |  | fund |  | funds |  | funds

| Notes | £ | £ | £ | £ |

INCOME AND ENDOWMENTS FROM

Donations and legacies | 193,220 |  | - |  | 193,220 |  | 199,850 |

Other trading activities | 2 | 13,349 |  | - |  | 13,349 |  | 20,470 |

Investment income | 3 | 13,918 |  | 1,936 |  | 15,854 |  | 7,838 |

Total | 220,487 |  | 1,936 |  | 222,423 |  | 228,158 |

EXPENDITURE ON

Raising funds | 164,869 |  | 5,155 |  | 170,024 |  | 146,528 |

Other | 52,640 |  | - |  | 52,640 |  | 58,407 |

Total | 217,509 |  | 5,155 |  | 222,664 |  | 204,935 |

Net gains on investments | 10,575 |  | 16,793 |  | 27,368 |  | 31,564 |

NET INCOME | 13,553 |  | 13,574 |  | 27,127 |  | 54,787 |

RECONCILIATION OF FUNDS

Total funds brought forward | 394,822 |  | 192,968 |  | 587,790 |  | 533,003 |

TOTAL FUNDS CARRIED FORWARD | 408,375 |  | 206,542 |  | 614,917 |  | 587,790 |

THE MILITARY VEHICLE TRUST (REGISTERED NUMBER: 02226906) |

BALANCE SHEET

30 SEPTEMBER 2025

| 2025 |  | 2024

| Unrestricted |  | Restricted |  | Total |  | Total

| fund |  | fund |  | funds |  | funds

| Notes | £ | £ | £ | £ |

FIXED ASSETS |

Investments | 6 | 113,000 |  | 158,189 |  | 271,189 |  | 243,821 |

CURRENT ASSETS |

Debtors | 7 | 594 |  | - |  | 594 |  | 5,144 |

Cash at bank | 299,802 |  | 48,353 |  | 348,155 |  | 345,185 |

300,396 |  | 48,353 |  | 348,749 |  | 350,329 |

CREDITORS |

Amounts falling due within one year | 8 | (5,021 | ) | - |  | (5,021 | ) | (6,360 | )

NET CURRENT ASSETS | 295,375 |  | 48,353 |  | 343,728 |  | 343,969 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 408,375 |  | 206,542 |  | 614,917 |  | 587,790 |

NET ASSETS | 408,375 |  | 206,542 |  | 614,917 |  | 587,790 |

FUNDS | 9

Unrestricted funds | 408,375 |  | 394,822 |

Restricted funds | 206,542 |  | 192,968 |

TOTAL FUNDS | 614,917 |  | 587,790 |

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

THE MILITARY VEHICLE TRUST (REGISTERED NUMBER: 02226906) |

BALANCE SHEET - continued

30 SEPTEMBER 2025

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 14 January 2026 and were signed on its behalf by:

S P Bromley - Trustee

| THE MILITARY VEHICLE TRUST |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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.

| 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.

| THE MILITARY VEHICLE TRUST |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | OTHER TRADING ACTIVITIES

| 2025 |  | 2024

£ | £ |

| Advertising | 11,580 |  | 10,510 |  |

| Other | 1,769 |  | 9,960 |  |

13,349 |  | 20,470 |  |

3. | INVESTMENT INCOME

| 2025 |  | 2024

£ | £ |

| Interest receivable - trading | 15,854 |  | 7,838 |  |

4. | TRUSTEES' REMUNERATION AND BENEFITS

| 2025 |  | 2024

£ | £ |

| General secretary | 722 |  | 794 |  |

| Trustees' expenses

| There were no trustees' expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.

5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

| Unrestricted |  | Restricted |  | Total

| fund |  | fund |  | funds

£ | £ | £ |

| INCOME AND ENDOWMENTS FROM

| Donations and legacies | 199,850 |  | - |  | 199,850 |

| Other trading activities | 20,470 |  | - |  | 20,470 |

| Investment income | 6,457 |  | 1,381 |  | 7,838 |

| Total | 226,777 |  | 1,381 |  | 228,158 |

| EXPENDITURE ON

| Raising funds | 146,528 |  | - |  | 146,528 |

| Other | 58,407 |  | - |  | 58,407 |

| Total | 204,935 |  | - |  | 204,935 |

| Net gains on investments | 12,382 |  | 19,182 |  | 31,564 |

| NET INCOME | 34,224 |  | 20,563 |  | 54,787 |

| THE MILITARY VEHICLE TRUST |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

| Unrestricted |  | Restricted |  | Total

| fund |  | fund |  | funds

£ | £ | £ |

| RECONCILIATION OF FUNDS

| Total funds brought forward | 360,598 |  | 172,405 |  | 533,003 |

| TOTAL FUNDS CARRIED FORWARD | 394,822 |  | 192,968 |  | 587,790 |

6. | FIXED ASSET INVESTMENTS

| Unlisted

| investments

£ |

| MARKET VALUE

| At 1 October 2024 | 243,821 |  |

| Revaluations | 27,368 |  |

| At 30 September 2025 | 271,189 |  |

| NET BOOK VALUE

| At 30 September 2025 | 271,189 |  |

| At 30 September 2024 | 243,821 |  |

| There were no investment assets outside the UK.

| Cost or valuation at 30 September 2025 is represented by:

| Unlisted

| investments

£ |

| Valuation in 2018 | (6,326 | ) |

| Valuation in 2019 | 2,321 |  |

| Valuation in 2020 | (2,452 | ) |

| Valuation in 2021 | 29,120 |  |

| Valuation in 2022 | (26,198 | ) |

| Valuation in 2023 | 5,793 |  |

| Valuation in 2024 | 31,563 |  |

| Valuation in 2025 | 27,368 |  |

| Cost | 210,000 |  |

271,189 |  |

| THE MILITARY VEHICLE TRUST |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Trade debtors | 288 |  | 144 |  |

| VAT | 306 |  | - |  |

| Prepayments | - |  | 5,000 |  |

594 |  | 5,144 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Trade creditors | 3,096 |  | 1,974 |  |

| VAT | - |  | 2,486 |  |

| Other creditors | 1,925 |  | 1,900 |  |

5,021 |  | 6,360 |  |

9. | MOVEMENT IN FUNDS

| Net |  |

| At |  | movement |  | At |

| 1.10.24 |  | in funds |  | 30.9.25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 394,822 |  | 13,553 |  | 408,375 |  |

| Restricted funds

| John Allen Bequest | 192,968 |  | 13,574 |  | 206,542 |  |

| TOTAL FUNDS | 587,790 |  | 27,127 |  | 614,917 |  |

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

| Incoming |  | Resources |  | Gains and |  | Movement |

| resources |  | expended |  | losses |  | in funds |

£ | £ | £ | £ |

| Unrestricted funds

| General fund | 220,487 |  | (217,509 | ) | 10,575 |  | 13,553 |  |

| Restricted funds

| John Allen Bequest | 1,936 |  | (5,155 | ) | 16,793 |  | 13,574 |  |

| TOTAL FUNDS | 222,423 |  | (222,664 | ) | 27,368 |  | 27,127 |  |

| THE MILITARY VEHICLE TRUST |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

9. | MOVEMENT IN FUNDS - continued

| Comparatives for movement in funds

| Net |  |

| At |  | movement |  | At |

| 1.10.23 |  | in funds |  | 30.9.24 |

£ | £ | £ |

| Unrestricted funds

| General fund | 360,598 |  | 34,224 |  | 394,822 |  |

| Restricted funds

| John Allen Bequest | 172,405 |  | 20,563 |  | 192,968 |  |

| TOTAL FUNDS | 533,003 |  | 54,787 |  | 587,790 |  |

| Comparative net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Gains and |  | Movement |

| resources |  | expended |  | losses |  | in funds |

£ | £ | £ | £ |

| Unrestricted funds

| General fund | 226,777 |  | (204,935 | ) | 12,382 |  | 34,224 |  |

| Restricted funds

| John Allen Bequest | 1,381 |  | - |  | 19,182 |  | 20,563 |  |

| TOTAL FUNDS | 228,158 |  | (204,935 | ) | 31,564 |  | 54,787 |  |

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

| Net |  |

| At |  | movement |  | At |

| 1.10.23 |  | in funds |  | 30.9.25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 360,598 |  | 47,777 |  | 408,375 |  |

| Restricted funds

| John Allen Bequest | 172,405 |  | 34,137 |  | 206,542 |  |

| TOTAL FUNDS | 533,003 |  | 81,914 |  | 614,917 |  |

| THE MILITARY VEHICLE TRUST |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

9. | MOVEMENT IN FUNDS - continued

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

| Incoming |  | Resources |  | Gains and |  | Movement |

| resources |  | expended |  | losses |  | in funds |

£ | £ | £ | £ |

| Unrestricted funds

| General fund | 447,264 |  | (422,444 | ) | 22,957 |  | 47,777 |  |

| Restricted funds

| John Allen Bequest | 3,317 |  | (5,155 | ) | 35,975 |  | 34,137 |  |

| TOTAL FUNDS | 450,581 |  | (427,599 | ) | 58,932 |  | 81,914 |  |

10. | RELATED PARTY DISCLOSURES

| There were no related party transactions for the year ended 30 September 2025.