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 H￿￿eaVes, 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$tCC5 ¢onfim that they have complied ii'iih the rcquiremcnls ofr seciion 4 of the Charili¢s Aci 201 I to have due wgard lo the public benclil giiidaiiee publish¢d by Ihe Cliariiy Commission for England and Wale5. FinAnciAI review The Fort Foundalion's acliiiili¢s are relionl upon income received by ii'ay of ¢orwTaic donaiions rccciY¢d froni Fort Vale Lnginceriiig Lii))iicd. For th¢ year ¢nd¢d 28 February 2025 corporale donJlioi?s w¢r¢ r￿c]y¢d amounting lo £ 230.000 (2024 - £Nil). During the yeor the Fort Foundation undertook ¢hgtilable activities ond made ¢h8ritable grartls lolalling £1.211,561 (2024-£221,176). For Ilie year Cnded 28 1."ehruur)' 2025 111¢ foi'l l.ouiidaiioii havL r¢poi'ied a Iiel defioii of £960,945 (2024 - d¢licil £184 <)1?) ii'hich ivill bc dLdiici¢d Iron) rciained liinds bTougl)I foni'ards. At 28 fcbruar), 2025 the I'"()rl Foundaiion held unresiricicd fLmds of£341,157 (2024 £1.219,288}. Pollcy reserves Th¢ Fort Founda(ion maintain5 SUtri¢ient reserves to enable il to continue to make grants for charitable purpose in lulure period3. Prineipalfundliig sources Th¢ principal fjJndin8 source of The fort Foundation is donations ￿CeIved from Fort Vale Engineering Limited. lrtvest#ienlpolicy and objeclives The Trusl¢e$ hav¢ invested surplus liquid funds in held for sale ¢urrenl asset investrnents. These inveslm¢ntg are made iviih the objective of maximising ￿P1￿1. 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 ch￿lty 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 St￿eMents. 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