Charity registration number.. 1028639 The Fort Foundation Annual Report and Fin8n¢idl Statements ror lh¢ Ye&r Ended 28 February 2025 Hargrcaves, Brown and Benson Chartered A¢¢ounlanls I, Bond Stregl Colne -ancashire BB8 9DG
The Fort Foundatloll Contents (continued) Refcren¢e and Administrative Delails -l-i'uslee5' Report 2to4 Siatement of Trustees, Rcspnnsibilitie5 Independent F.xaminer's R¢port Stalemenl of Financial Activitie5 Balance Shecl Noles lo th¢ Financial SIAtemcnls 9t0 56
The Fort Foundation Reference and AdmiDlStrative Details Charlty Registratlon Number 1028630 Principal Office Fort Vale En£ineerin£ Limited Calder Vale Parl: Sitnonsione Lane Bumley Lancashire BB12 7ND HeaVes, Brown and Benson Chart¢r¢d Accolfftlants I, Bond Street Coln¢ Lanc&shirg lodependéllt Examinor BB8 9DG Withers LLP 16. Old Bailey London Sollcltors EC4M 7EG Page I
The Fort FoundatlOD Trustees, Report The trustees present the annua] report together with the financial stai¢meniS of the charily for the vear ended 2& Febniary 2025. Objectives and gctivities Objeets dlms The Fon Foundation opeTaies throughout England and Wales and m8k¢5 grants lo individu81s and institutions ai the discretion of th¢ trustees, Details of gran15 made during the y¢ar are d¢lailed in note 3 10 the financi81 slalemenls. Since commencement the Fort Foundation h#$ made charitable grants to individuals and insiilulions of £4,570,396 (2024- £3,358,835). Publlc beneJ71 During the yw The Fort Fovndalion has aivarded granis lo individiiols ai)d in51ilulions pronioling ihe adv41ncemcnt of heaiih, ainaiciir spon, educaiion, art and culiurc, ciiizenship. cominiiniiy ivciforc and enviroiimcnlal prol¢¢lion and improvement. The Tru$tCC5 ¢onfim that they have complied ii'iih the rcquiremcnls ofr seciion 4 of the Charili¢s Aci 201 I to have due wgard lo the public benclil giiidaiiee publish¢d by Ihe Cliariiy Commission for England and Wale5. FinAnciAI review The Fort Foundalion's acliiiili¢s are relionl upon income received by ii'ay of ¢orwTaic donaiions rccciY¢d froni Fort Vale Lnginceriiig Lii))iicd. For th¢ year ¢nd¢d 28 February 2025 corporale donJlioi?s w¢r¢ rc]y¢d amounting lo £ 230.000 (2024 - £Nil). During the yeor the Fort Foundation undertook ¢hgtilable activities ond made ¢h8ritable grartls lolalling £1.211,561 (2024-£221,176). For Ilie year Cnded 28 1."ehruur)' 2025 111¢ foi'l l.ouiidaiioii havL r¢poi'ied a Iiel defioii of £960,945 (2024 - d¢licil £184 <)1?) ii'hich ivill bc dLdiici¢d Iron) rciained liinds bTougl)I foni'ards. At 28 fcbruar), 2025 the I'"()rl Foundaiion held unresiricicd fLmds of£341,157 (2024 £1.219,288}. Pollcy reserves Th¢ Fort Founda(ion maintain5 SUtri¢ient reserves to enable il to continue to make grants for charitable purpose in lulure period3. Prineipalfundliig sources Th¢ principal fjJndin8 source of The fort Foundation is donations CeIved from Fort Vale Engineering Limited. lrtvest#ienlpolicy and objeclives The Trusl¢e$ hav¢ invested surplus liquid funds in held for sale ¢urrenl asset investrnents. These inveslm¢ntg are made iviih the objective of maximising P11. Pag¢ 2
The Fort FoundatioD Trustees, Report (continued) Trustees offjeers The trustees and ofticers serving dwing the year and since the year end iv¢re as follows.. Mr. E.S. Fort OBE Trustees., Mr. l. Wilson Mr. E.M. Dnlly Mr. J.S. Hartley Mr. P.A, Fort Struclure¥ ¥ov¢rnaDce And maDagement Nt71urÈ ofgoverrtiiig docuNient The Fort Foundation is esl8blished by a Deed of Charitsble Trust made on 03 November 1993. Recruilffient aiid uppoimimenl oftru51e The power to appoint new trustees to thc charity 1$ vested in the Settloi, Mr. E.S. Fort OBE. Arrnii8emertisfor séidng key mtTnt7s¢m¢rttpersoNnel rerttuneralioii The irustees of the charity give their lime freely and no trustee received remuneration in Ihe year. Organlsailondl s¢ruelMre Th¢ Fort Foundation 15 managed by the trusie¢s. The daily adminisiralion of the charity 15 delegated to Ms. A. Hartley. Relgtionshlps with related partle$ Fort VAle Llmited E.S Fort OBE 18 a director and majority ben¢ficiai shar¢holder and Mr. I Wilson is a dircctor 8nd minoriry beneficial Shareholder of Fort Vale Limit¢d. Mr. E.M. Drury is a director of Fort Vale Limited, Fort Vale Engineerlng l.Inilted Fort Val¢ Lnsineeri118 Limii¢d is a wholly-owned subsidiary of Fort Vale Limited. Messrs. E.S. Fort OBE. l. Wilson and E.M. Drury are diredors of Fort Vale Engineering Limited. Page 3
The Fort Foundation Trustees, Report {¢ontinued) Flnancial instrllmeDts Objeclives t7Ndpolicies The ¢haTity'S activities expose il to a numbcr of financial risks irkcluding credil risk and liquidity risL Credii risk The charity's principal financial assels are bank balan¢¢g and ¢ash, and invcslments. The credil risk on liquid funds und inv¢slmcnlS is limited because ihc counierparties are banks inveslm¢rtt managers ivith high crcdil-riltings assign¢d by iniLrnniional credil-raling agencies. Llquldity risk Thc charity mainlains 5ignilicont funds in insiani acccss bank accounts in order to maintain liquidity to ensure that sufficient liiiids are available for ongoing c1Cliviiies. The )niiÉl1 report was approved by the trusteeg oeihe chlty on 7 Oetober 2025 and signed on 118 behalf by., Mr. l. Trustee Mr. l-..M, Driiry Trustee Mr. J.S. Hartley Trustee Trusi¢e Page 4
The Fort Foundation Statement of Trustees, Responsibilities The trusle¢s are rcspoiisible for prepnring ihc iwsiees, rLport and ihe finlliici81 stalenienls in accorclii lice wilh the United Kingdoni Accoiinling Standards (Uniicd Kingdon) Gcnerally Accei)Icd AccovnliJ)g Praciicel and applicable law and regulations. -rhc lai4' appli¢abl¢ lo chJriti¢s requir¢5 ihe irusices 10 prcparc financiDI slaicn)LnlS for ea¢li finan¢iol yenr ivhich give a iruc ai)d fair Yiem, of lh¢ siale of alTairs of ihc charity and of the incoming resourccs and applicalion of r¢soiirces of Ihe charily lor thai pcriod. In preparing Ihesc financial sial¢mciilS, Ihc irusiees are requircd In: select suitable accounting policies and then apply them ¢onsislenily' observc lh¢ methods and principles in ihe Charities SORP,. mak'e jLidgemen15 and estimates that are reasonable and prudent. state ivheiher applicable accounting Standards have been Yollowed, subjeci to any material departure5 disclosed and explained in thc financial slalements., and prepare thc financial slal¢rnenls on the going concern basis unless il is inappropriate to presume ihat th¢ charity will Continue in business. The Irusiees are responsible foi. keeping proper accounting records thal discl(Trsc ii'iih rensui)able a¢¢iiracy ai any lime ihe financial position of the charity and enable the to ensure that the linaii¢ial siai¢menis ¢on)ply with the Cliarilics Act 2011, the Charilies (Aceounis and R¢porl$) R¢giilations 2008, 8md the pruvisions of lh¢ onsiiiuiion, The trustees also rc5ponsiblc for safeguarding Ilic as5¢ts of ihe charity lieiice for iaking r¢8sonable steps for the prev¢nlion and detection of fraud and oih¢r irrcgularitie5. Approved by the trustees ol'the charity on 7 O¢lober 2025 and signed on its behulf by: Mr. l. Wilson Trust¢e Mr. E.M. DrLIry 'rwsl¢C Mr. J.S, Hartley 'rrust¢¢ .Fort Trustee Page 5
The For* FoundatlOD Independent Examiller's Report to the trustees of The Fort Foundation I reDOrt to the trusl¢es on mv examination of the 8ccount5 of The Fon Foundation for the year ended 28 Februarv 202-. Responsibilities and basis of report As Ilic ¢hai'il)' tru5t¢¢s of The l.-orl I'ounda¢ion you are re5pon$ible for th¢ preparation of Ihe accounts In accordance ii'iili Ilie requirements ofilic Cliarilie5 AGt 2011 ('the A¢t'). I rcporl in resp¢ci of my examinaiion of Ihe The Fort l.-OLiiid81ion's accounts carried out under scciion 145 of the 2011 Act and in carryiiig oui my cxaniinalion I have folloiycd all the applicable Directions given by Ihe Charity Commission under seclion 145(5)(b) of th¢ A¢1. Independent ¢xaminer's statement Sincc The l.ori fouiidalion's gross incomc ¢xcceded £250.000 your eiamiiicr rnusl bc a nlenibcr ora body listed in scciion 145 of ihc 2011 Act. I confinii Iliat l affl qualified lo undcriakc lh¢ ¢Nnmii)aiion bccdiiic l arn a m¥nib¢r of Th¢ In51ilUlC ofchartcr¢d Accounii1nis in England Wales. %i,hi¢h is onc ol-lhe li51cd bodiLS. I huvc conipl¥ied my e.Xkm)inalion. I confirm ihnl no material mailers have com¢ to my at¢ention in cortneclion Iviil) Ilie examination giviiig me cause 10 beliL'vc Ilial in &ny nialcrigl resp¢¢i: a¢counling re¢ords were not kept in respecl olThe Fort Foundation as required by section 130 of ihe Act: oi. 2. Ilie accounts do not accord with those record5; or 3. Ilic li L¢OUI)Is do not compl), Iviil) Ihe accouniiiig reqiiirenicnis concerning tl)¢ form aiid conieni ofa¢coun15 sci niii in the ChJrities (AccaLiiI15 ond IILports) Rcgulalioiis 20V8 oihcr Ihdn a¢iy rc(iuiren)ci)I Iliai Ihc QLCOLillis 8ive a 'lrLlC and fair vi¢%v' 'hi¢ll is noi a mallcT consid¢red as pari of an ind¢pend¢nl examination. I have no Concerns and liave come across no other matters in connection wilh ihe ¢xamination to which attenlion should be drawn in this report in order lo ¢nable a proper understanding Ot. the accounts lo be r¢ached, St¢v¢n Wood FCA The Institute of Chortered Accounl8nts in EnBloJ)d gnd Wales Hargreaves Bro51 and Benson l Bond Street Colnc Lancashir¢ BB8 9DG 7 October 2025 Page 6
Tbe Fort Foundation Statement of Financial Activities for tbe Year Ended 28 February 2025 Ullre5trlcted TotAI funds 2025 Totsl 2024 Note Income and Eiidowments from: Corporatc donations Other donations Investment income 230,000 230,000 573 40,724 23,963 23,963 Tolal Income 253.963 253,963 41.297 Expenditure on: Charitabl¢ activities GoY¢rn8nc¢ ¢03ts (1,211,561) (3,347 (1,211.561) {3,347) (221.176) 5,033} Total Expenditure Net expenditure Other recognised gaiD$ and losses Unrealised gain l (lossl on current asset investments Realised gain (105$) on current asset inveslm¢nis Nel movement in fund5 (1.214,908) (1,214.908) 1226.2091 (960,945) (960.945) {184,912) io 45.170 37,644 45,170 37,644 (39,496) (878,1311 (878,131) (224.4081 Recon¢iliotlon of funds Total funds brou8ht forward Total lunds Carried forward 1,219.288 341.157 1,219.288 341 157 1,4éI3.696 ,219,288 All of t]i¢ charity's 8Ctivilies derive from continuing opcrations dwin8 thc above two periods. The notes on pages 9 10 16 form an integral part of these linancial statements. Page 7
The Fort FoulldatioD (Registration number: 1028639) Balall¢e Sheet as at 28 Februarv 2024 2025 2024 Notè Current a55tts Investments Cash al bank. and in hand 145.030 197,627 1.064.321 156,467 342,657 (1,500) 1,220,788 Creditors: Amounts fo115ng due within one year Net ass¢ts {1,500) 341 157 1.219,288 Funds of éhe ¢harlty: Unr¢s¢ricted Income funds Unrestricted fimds 341.157 1.219.288 Total funds 341 157 1,219,288 The financial slalements on pages 7 to 16 wer¢ approved by the Irusle¢$, and authorised for issu¢ on 7 October 2025 and si8n¢d on their behalf by.. Mr. l. Wilson Trus¢¢¢ Mr. E.M. Drury TTusie¢ Mr. J.S. H8rt1ey I'rustee Trusiee Th¢ notes on pages 9 10 16 form an intewl part of these financial SteMents. Page 8
The Fort Foundation Notes to Ihe Finaneial Statements for the Year Ended 28 February 2025 l Accounting policie5 Summllry of signifi¢ant Hc¢ounting policies and key accounting estimates The priiicipal accoiii)liiig policics applied in the pr¢paration of ihes¢ fintsncic1151atem¢nts are sct out below. These liavc been coiisisiently applicd 10 all periods prescntcd. unless othcr41'ise sialcd. Statement of compliance The financial staiements have been pr¢pared in accordonc¢ with the Statement of Recomended Practice.. AcLoui)iiii8 und R¢poriing by Cliarilics pycparing iheir a¢coiinls in aeeordance iviih the financial R¢porting Siaiidai'd api)licabl¢ in ihc Unitcd Kingdoni llnd Ilepublic ol. Ir¥land (SOIIP II".RS 102)) i5$11ed on 16tli JLII), 2Q14 wid Il)e l.-RS 102.. 'ri)e Findiicial Rcporiiiig Siandiird upplicablc in Ilic Uniicd Kiiigdoni and Rcpublic or Ireland and Ihc Charili¢s Act 2011 and United Kingdom Geiicrally Accepted Pracii¢¢ as il applic5 fron) 01 January 2015. Basls of preparation The financial slatemenls have been prepared for ihe ch8rity as an individual enlity under the historical cost convention with items recogin5¢d at C051 or transaction value unles5 oihenvise slated. The Fort Foviidgtion meets th¢ deliniiion of a public bcii¢fil entily Lindor scclioii 4 of the Cliarililics Aci 2011. Assels and liabilities are initially rcco8nised at hisiori¢AI cost or irwisaciioii i'alue un1¢58 Othcri4'i5c slatid in the relevant accoun(ing policy notes. The liiianciJl sialcnienis ol- "I'lic fort Foundation are pres¢iil¢d in th¢ currcncy of the priniary ccDnomi¢ enviroiim¢nl in ii.hicli Ilie cliuril>' opcrnlc5 (115 funciionaj ¢urirncy). For the purposcs of the fiiiai)cial slnicmenis, il)¢ Sta(emcnt of Finon¢ial Aclivitics and financial posilion are prcsent¢d in SI¢Tlin8 (£), Golng concerti The irustees consider that Ih¢re no material uncertainties about the chwity's ability 10 continue as a going con¢ern nor any significant areas ofuneertainty that affect the carrying value ofassels h¢ld by th¢ charity, Income and endowments All in¢onic is recognicd once the ¢h8rity ha$ cntiilcm¢nt lo the income, it is probable Ihal the income will be i¢Geii'cd ond the amoiini ofihc income reccivable can bc measured reliably. Doiiuiloiis ftndlegacies Donaiions arc recogniscd ivhen the charity has bccn notified iii ivriling of botli il)c tunoiini dnd sciilci)ienl <Jiile. Iii IIIL ¢veiil Ihat a doiiaiioii is subject io conditioiis io be nici by Ilic charily bcforc Ilie cliarity is cnliiled lu lh¢ liinds, the income is def¢rr¢d nd not co£nISed until eitlier Ilios¢ conditions ar¢ fully mct, or ilie liillillill¢ni ol. Ilios¥ condiiions is ivholly iiijil)ii) (he ¢oiilToI of the charity and li 15 probable that ihos¢ conditions will be Ifill¢d in the reporting period. lrtveslmeNI iKcome Iniere5t on funds held on deposit is includcd when Tcceivable 8J)d the arnount C be measured reliably by th¢ Charity:. thi5 is normally upon nolificalion of thc interest paid or payable by the bank. Divid¢nd5 are Tecognised once the dividend has been declared and notifi¢alion has bn received of the dividend du¢, Page 9
The Fort Foundatio Notes to the FinaDeial Statements for the Year Ended 28 February 2025 (continued) Chariioble activlii Charitable cKpcndilure con)priscs those costs incurred by the chariry in the delivery of ils aclivilies and services for its bencficiaries. li incliidcs both costs that ¢an be allocatcd directly to such activilics and (h05e costs of an indirect nature neeessary to support them. Expendiluro All cxpendiiiirc is recognised oiicc ih¢re is a l¢gal or cortsiruclivc obligation to thai expenditure, it is probable s¢iileniLiiI is reqLiircd arkd ihc amouni can be mcaswcd r¢liably. All costs are allocai¢d to the applicable exp¢ndiiure lieading ihai a88gai¢ ¥imilar ¢osis io Ihai catcgory. Gronl expendilure Gianls payable are paym¢nts made lo third palry individuals and institutions in the fvriherance of the ¢harilable objects ofThe Fort Foundation. Grai?Is paid wiihoui eondiiion$ are recognised in ihe financial 51aicmLnls ivh¢rb il)e commiimciit to mgke ihe SinI has been Inade and ihere are no condiiions to bc n)cl iyhich ar¥ iyiiliin the control of Ilie Irusiees of The Fort Foundation. Grants payablc 1% iih coiidilions are accrued iyhei) the IrLlSiC¢S hav¢ been iiolified ihii i il)os¢ tondiiions Iia¥'¢ bcLn fulfilled and an), r¢iii8ining Linliillilled conditions are oiiisidc Ihc cctnirol of Il)c irysices of 'l'lie l.ort l-.oiindalian. Gralltprovlsions Provisions for grants are made wh¢n the inwnlion lo mak¢ a granl has been commwiicat¢d lo th¢ Tecipienl bLII th¢re is uncertainty about Ciiher the timing of ihe gTant or the amount of ant payable. Gov¢rnartce oosts Thes¢ include the costs attributable lo the Chity's compliance with Slalitory requiremenls. Te8ulations and good practi¢¢. TAxAtlon In accordance with sections 521 10 536 of the Income Tax Act 2007 and section 256 of the TatIOn of Cliargeable Gains Aet 1992 'fhc I".ort I"'ouiidaiion is pol¢i)lially eNcmpl from i&%aiion in respe¢( of income or cupiial guins r¢c¢iv¢d to the exicnl thal all such income or gains are applied exclL15iv¢ly for clioriiabl¢ purpos¢$. Current asset InvestmeDt5 Investments in equity shares and other financial instruments which are publicly traded are Measured al fair value. All goin5 and 105ses are ittken into the Siai¢m¢ni of Financial A¢livili¢s as Ih¢y arise. R¢iiliscd gaiiis ¥nd lob¥¢5 on invcsiments are ealculotcd &8 the difi¢r¢ncc b¢liveen the salc proc¢cds t¢nd Ihcir origiilal cosl. Unrcthliscd gains are and losses calculated as the differenc¢ b¢i%vecn tl)e fair value ai Ilic ycar cnd and il)eir fair valu¢ al the begiDill8 of the year. C2sh and cash equivaleThts Cash and &ish equivalents comprise cash on hand and other short-tcrm liquid investments ihat are readily conv¢rteble 10 a known amount of cash and arc subject io an insignifirant risk of change in vaiiie. Pag¢ 10
The Fort Foundation Noles to the Financial Statemellts lor the Year Ended 28 February 2025 {CODtinued) FuDd structure Unr¢stricted income funds comprise thos¢ fids which the Tru51¢es ar¢ free to use for any puroose in fLllther8nce of the charitsble obiecis. FinAn¢ial instrumen¢$ Clfissificatiijii Financial ass¢t5 and financial liabilities are reeognised when the Chariry becomes a paty to the contractual provisions of the instrument. RÉ¢ogKiliort andmeasmrenient All financial assets and liabilities are iniiially me&swed al Iriinsaciion pric¢ lii)cludiiig Irllnsciciioll ¢VS151, ¢xc¢pi for thosc financial assets classified as at fair valu¢ through 'fiiL Statcmei)i of i."iiiEuicial A¢tiitiiics, u'11icli ar iniliii Ily m¢asiir¢d at fair valuc (ii,l)i¢h is normally Ili¢ ironsu¢iion pric¢ excludiiig IrJnsaciioii COS15), unli5S 111¢ orrangen)¢iil coii81iiLii¢S a financiiig 1ron5aciioii, Ir ali 8rrui)g¢nieii¢ con51iliii¢S a liiiDiiciiig iraiisiillioi), Il)¢ riiiancial assci or linancial liabiliiy is mckL%Lired at lh¢ pr¢s¢ni value of ihe fiiiwc paymcnis di5coiiI)Icd at a market Tale of ini¢r¢st for a similar debi in51rumenl. FinaJ)cig1 ossels and liabilities are only offset in the siatement of financial p05ilion whcn, and ordy when there exi51s 8 Icgall). enforceable riglil 10 sel oil ¢])¢ rccogni5ed umoiii)ts and tlie Chwily ini¢nds either to s¢iile on d net basis, or to realise Ihe assei wid settl¢ the liobility simuliuncously. riinan¢ial asseis arc dcr¢cognis¢d ivli¢n and only ii'hcn a) Ihc ¢onlraciual righis (O thc cash Iloivs from Ihc riiiaiici411 nss¢t cxpirc or re seiilcd, b) Ili¢ Cliaril), Iransf¢rs 1() another pllrty subsloiiiiiilly Jll ()I' IhL risks diid rcii'i£ rds of oii'n¢rsl)ip of Ilie financial a55cI, or c) Ihc Charii}'. d¢spilC Iiavii)g retaiiied somc. bui noi <ill. signilicunl risks and rciyards of oiyncrship, has transfcrrcd conlrol of Ihe asset lo anoih¢r party, Fii)gfflcial liabilities are derecognised only when the obligation specified in the conlraGt is disGharged. cancelled or expire5. Fdlr valiie vieasureiiiéAI The besl evidenc¢ of fair value is a quoted price for an identical asset in an 8Ctive market. When quol¢d pric¢5 arc unavailable, the price of a receni iransaclion for an id¢iilical asset provides evid¢nce ol. ttiir valuL as long as Iliere has not been a yignificant chllnge in economic circun)sian¢e$ or a significant lap.4c of (iiiie since ihe trpnsli ciiun look pla¢¢, If th¢ niark¢i is not active and reccnt transaclions ol- w) id¢niical asset on their own are not • good csliniale of fair value, Ihc Fair value 15 Cslimaicd by iising a vulLiuiion i¢cI)iiiqu¢. Curreiit versms iioii-ciirreiii elJssificfjiloN Fii)an¢ial instrumcnt5 are classified as curr¢nt if th¢re is no unconditional right, at the end of Ihe reporting p¢riod, to d¢l¢r 5ettlenieni of the linaiiciol in51rum¢nt for at Ica8t twelve nionil)s aftcr lh¢ reporiin? dat¢. If th¢re 15 an uncondiiional righi lo defer seiileni¢ni for at least twelv¢ moi)Ihs aftcr Il)c reporting date, (hey are pres¢i)ted as rton-curr¢nt. Pag¢ll
The Fort Foundation Note5 to the FinaDeial Statements for the Year Ended 28 February 2025 (CODtinued) 2 Investment Ineome Unrestricted funds Other TolAI funds Income from dividends; Dividends receivable from oiher listed inYe5tmenls Interest receivable and similar income.. Inlcresi receivable on bank deposits 21,622 21.622 2,341 2.341 Total for 2025 23,963 23,963 Total for Z024 40,724 40.724 3 Chxritlble &etlvitie$ Anolysis of graDts Grants t• instltutlons 2025 2024 Grants to llldivffidu415 2025 2024 AnAIy$is Amateur sporl Edu¢8lion Cilizenship and COTnmunity welfare Hcalth Environmenial protection and improvement Art su)d culiure 8,800 513,500 558,900 64,300 9,837 33,200 57,948 61,613 19,850 9,250 11.804 ,240 16,200 3.000 6,175 3,200 34,854 2,500 12.990 1,164.700 168.773 Grants to Indlviduals The support costs associated with granl-making io individuals are £Nil (29 February 2024- £Nil}. The Fort Foundation made seventeen grants lolalling £34,854 to individual3 in respect of arnateur sport. culture nd Community (2024 - seven grants tolalling £12,990). Page 12
The Fort Foundation Notes to the Financial Statements for the Year Ended 28 February 2025 (continuedl Grants to institution The support C051S associated with grant-rnaking to institulion$ £Nil (29 February 2024- £Nil i. B¢low are details of material grants made lo instiiulions by the charity 2025 2024 Name of institutio Community ivelfare - EdeD Proje¢l Morecambe Health - Margaret Pyk¢ Trust Community w¢1[¢ - The King's Trust Amateur sport- Burwain Sailing Club Edu¢alion- Lancaster Universily Educalioo- The Outward Bound'fru5t knviionmenlal matters - Woodland Trust Education- Simonstone C of E school fvnd Community welfare - Junction 4 skatepark Commwiity welfar¢ - Apart of M¢ bereavcm¢nt support Community welfare - Jubil¢¢ Sailing Trust Community welfare - MSSC Sea Cadets Outreach Flealth . P¢ndlesido Hospice Healih . Alzhiemer5 Research UK Flealih. Roy Casil¢ Lung Cancer Fouftdalion Other Flculih- Tccnag¢ C8Licer Trusi H¢alth- Bowel Cancer UK Lducalion- RYA Youih Bursary fund Health - fjritish 14cart fOldatIOn Eiivirormenlal matters - L4nc8shire Wildlife Tnl 500,000 6,000 2,000 6,000 500,000 10,000 13,000 10,000 9,000 2,000 6.000 20,000 1,200 6,000 4.000 5,000 5,000 10,000 5.000 7,412 70,686 3,000 5.000 10,000 5,0(10 3,475 168.773 5,250 15,000 5,000 2,000 70.250 5,000 5.000 1,200 1.164,700 Other eharltable #ctivities rile Fori Climale Centr I'hc forL fouiidalioii is ¢omn)illcd lo building a Icarning and ¢.Yhibilion ¢enlTC al thc IiL'adquarl¢rs of ihe C'ouniry'side F.ducation I'rLISI in Hampshire. I'l)¢ forl c.limate C¢nirc ii'ill bc used to edii¢al¢ p¢opl¢ about ¢limJic cliang¢ and its impnci on ihe enviionm¢ni, During th¢ year The Fort Foundation incurred expenditure of £12,007 (2024- £39,413) funding ihis project. The Parish Church ofKelbrookSI. Maiy's Th¢ Fort Foundation is comrnitted to the fijnding of ongoing repairs and r¢storation of the fabric of the Parish Chur¢h of Kclbrook St. Mary's. During the year The Fort Foundation incurr¢d expenditure of £3,900 (2024 . £Nil) fimding this project. Commitment to future grant making Al 28 February 2025 the trUstS had committed gr8J)I making in fvlure p¢riod5 oe£5,000 (2024- £4,960). Page 13
The Fort Foundation Notes to the Financial Statements for the Year Ended 28 February 2025 {continued) 4 GoverDaTree cost5 Unre5tri¢ted funds Other Total funds Independent examiner fees Examination of the financial statements Other governance costs 1,500 1,847 1,500 1.847 Total for 2025 3,347 3,347 Total for 2024 5,033 5.033 S Trustees remuneration and expenses No Iru5t¢es, nor any persons conne¢ted with them, have received any remuneraiion frotn th¢ charity dwing the current or previous yegr. No trustees have received any reimburscd expens¢s or any other benefits from the charity during the year. Page 14
Tbe Fort Foundation Notes to tbe Financial Statements for the Year Ended 28 February 2025 {eontinued) 6 Taxation The charity 15 & registered ch8Jity 8nd 15 therefore ex¢mpi from t8x&lion. 7 Current 95set Investments 2025 2024 Listed investments l45.030 .O(111,321 8 CAsh and cA$h equiYal¢Dts 2025 2024 Cash at bank 197,627 156.467 9 Creditors: amounts fallitsg due withln one year 2025 2024 Aceruals 1,500 1,500 10 FlngDtIAI lostrumeDts Categorls#tloD of flnADcIAI InstrDients 2025 2024 Finan¢ial asselg mwured at fair value throu8h Profit or loss 145.030 0641,J21 Financial assets measured at fair value Ciiireni assei iKvesimenls Current asscl invesiments are held in UK-bas¢d inY¢slment INS15 and ¢arried at their fair value. Inve$Lmenls are all iraded in quoted publi¢ markets. The bi75iS of f8ir VAluc for qLiol¢d investments 15 lh¢ mid-mark¢t price quoted ai the clos¢ of bii&ines5 on the valualion dale or if il)c valuatioii dat¢ falls on a noil-business day. the pricc quoied at th¢ close ol. business on the last business day before vulualion. The fair value is £145,030 {2024 . £1,064,321) and the ohange in value included irt profit or Ioss 15 £82,814 (2024- £(39,496)). Page 15
The Fort Foundation Notes to the Financial Statements for the Year Ended 28 February 2025 (continued) I l Related party transactions During the year the charity mad¢ the following relaied partv Iran5aciioiis'. Fort Vale Limited lfvlr E.S Fon OBL is a director and majorily bci)¢ficial shareholder and Mr. I Illi150n is a director and minority beneficial shairholder ofi.ort Val¢ Limii¢d. Mi r. C,M. Drury i5 a director of Forl VJIC Liniited.) Administrative services have been provided by Fort Vale Limited. The value of services provided has not been quanlified. Ai the balomce shcel date th¢ amount due lolfrom Fort Vale Limited was £Nil (2024 - £Nill. Fort Vale Engine¢ring Liniitod Il".url ValL l."i)&)iiic¢riiig LiiiiilLd is a wholly-oivncd subsidiar), of Fort Vale LimileLI. Messrs. E.S. l.ort OBE, I. Ivilson an<1 l.-.M. Drury ar¢ direeiors of Fort Vale fn8in¢ering Limited,. Ms. A. l.laMI¢y 15 emplo)'ed by Fort Val¢ l-nginecring Liniited.) Includ¢d in corporaic donations are unconditional donations recevied from Fort Vale Enginecring Limited lOtling £Nil (2024 - £Nil). AdininislrJiive scrvices h8ve becn provided by Fort Val¢ Engineering Lii)iiied. The vuliie (If s¥rvices proi'idcd has i)oi bcen quaiilified. At tlic balance sheei dale the amount due loifroni fort Vale EnginLYring l.imii¥d il'as £Nil (2024- £Nil). Page 16