Comp8ny registration number.. 10324140 Charity registration number: 1169823 Fort Vale Foundation (A company limiled by guarantee) Annual Report ond Financial Statements for the Year Ended 28 February 2025 Hargreav¢5 Brown & Benson Chartered Awounlanls l Bond Street Colne Lanc&8hire BB8 9DO
Fort Vale Foundation Contents Reference and Adminislraiive Deiails 2toS Trustces, Report Stalement of Trusl¢e5' Responsibilitie5 Independeni Examiner's Report Stalemenl of Financial Activities Balance Shc¢t Notes 10 the Financial Stal¢mcnls 10 to 15
Fort Vale Foulldation Reference and AdmlDlStrative Details Charlty Reglstratloll Number 1169823 Company Regi$tratloD Number 10324140 The Charity is in¢orporaied in England & Wales. Calder Vale Park Simonstone Lane Simonstone Bumley L8ncashire BB12 7ND Calder Vale Park Simonstone Lane Simonstone Bumley Lancashiie BB12 TND Hargreave5 Brown & Ben50n Chartered Accountanis l Bond Sireel Coln Loll¢&8hire Reglsiered Offite Princlpal Offi¢¢ Independeni Examlner BB8 9DG Wiih¢r$ LLP 16 Old Bailey, London EC4M 7EG Solicitots: Page I
Fort Vale Foundation Trustees, Report Th¢ Inisiees, who are direciors for the PLirposes ol. cornpHn)' law, prc5¢nl th¢ a[al report tog¢ihcr with the rinon¢ial 5tatem¢nt5 and auditors, report ol'ihc charitable company for Il)c year ¢ndcd 28 February 2025. Objective$ and a¢tivities Objects tsnd aims ort Valc Foundation operates throughout England And Wal¢s and makes grants to individuals and in8litulions at the discrelion of the trusE¢es. Details of grants made during the year are detailed in note 6 10 the financial slatemenl5. Sinc¢ incorporation Fort Vale Foundation has made charitabl¢ grants to individuals 8md inslilulions of £340,877 12024 - £250,322). Public beiieJ71 During Ihe year Forl Val¢ foundalion h85 aivardcd gronts io in$titutions Promoiing th¢ advancement of health matters, spori and ¢on)Iiiunity iveifare, with a significant impacl in the North IIIcbl. Thc Irust¢cs confirin that Iliey hav¢ complicd iyiih the requirciiiertts of Seciion 4 of ihe Cliarilies Act 201 I to have due rcgard io ihe public bencfil guidance published by ih¢ Lharity Coniniis5Lon for England and Wales. Fimdnclal review Forl Vale Foundation is rclianl upoii iiieome re¢¢iited by ivdy of corporal¢ donaiioii from Forl Vlllc Liigineering Limited. For the y&u end¢d 28 I",cbriiar)' 2025 corporate donaiions wcrc r¢ceii'¢d amouniing lo £80.000 {2024 - £Nil). During th¢ y¢ar Fort Vale Foundation made ch8ri18ble gr3nls tolalling £90,355 (2024 - £42,742). l.'or lh¢ >pL'ar endcd 28 1.cbrLiary 2025 fori Val¢ Fnundalion has reporlcd ? nei deficit of £12,374 (2024 - dcli¢il £414.538} Ivliicli ivill be dcdLi¢ied from reiaincd funds brought lonvards. Ai 28 February 2025 Fort Valc I'oLlrtdaiion hcld unr¢slricicd lid$ of£146.834 (2024- £159,208). Policy ort reserves Fort Vale Foundation maintsins sufficient reserves to enable it lo conlinue lo make grants for charitable purpose5 in fvture periods. Prlmciptslfmndiiig sources The principal funding sourc¢ of Fort Vale Foundation 1$ donations received from Fort Vale Engine¢rin8 Limited. P88e 2
Fort Vale Foundation Trustees, Report Trustees And o(ficers The trite¢S and ol'ticer5 serving during the year and sinc¢ the year ettd were as folloivs: Mr ES Fort OBE Mr J,S. Hartley Mr M P O'connor TsleeS. Mr EM DnMI Strueturtj iovernanee and management Nalure ofgovefrting dociimertl l.orl Valc foiindLilion is u ¢ompony limiEcd by 8uoraniCC governcd by its Mcmorundum und Ai'licl¢s ol. 11580ciaiion daicd 10 Augusi 201CI. li is a regisi¢red chaTity ivill) Ilie Charity Conimission. I'hc conipany ¢Liriinily 1105 onc membcr, Mr. L.S. I',ori OBL, Ivho agrecs to conlribuie £1 in Ihc ci'¢nt of ¢casii)g io be a memb¢r or tli¢ clilty ivinding up. Recr141imeni undnppolnlmeiil of Éruslees Tli¢ iippoiiiliiiciii of Iriisl¢e5 13 s¢1 OLII ii) lh¢ Anicl¢s of Associaiion, Truslccs are appoinicd by Mr. E,S. Fort diiring his lifclime. ThLreafier IrLisI¢c5 orl llppoini¢d by ih¢ Irustecs. 'frusiecs, other Ilian Mr. E,S. Fort, are uppoinied IOT a ierm ofup to five ycar5 a$ spccified ai lh¢ iimc of appoinlm¢ni. Ouigoing Inlee$ MJY be rc-appoinled but no individual may s¢rvc as g trugle¢ for mor¢ Ilian livo Icrn)s of ollic¢ unless Ilic ren)aining IrLisi¢es consider, in the iniL'r¢sts of lh¢ eharity and upon ieosonubl¢ 8roun<15, Iher¢ lo be cxceptional circumstances which justify one or more siibsequ¢nl temis of otTI¢¢. Arrniigemextsforsettlng key mffno8emettipersDniiel remurteMI¢oA The directors of the company consider the board of director5 to be the charity trU51e¢5. All directors give their time freely gnd no director rec¢iv¢d r¢muneralion in ihe year. Or8anlsftiloiit71 slrMclMre Fori Vale Foundation is managed by ihe Injstees. whiGh must consist of a rninimum of three members. The daily adminislration of the charity is d¢le8alcd lo Ms. A. Hartley. Page 3
Fort Vale Foundation Trustees, Report Rel4tionship5 wlth related pArtiÈs Forl Vale Limited Mr. r..s. Forl OBE is a director and majority b¢neficial shareholder of FOTI Valc Limited. Mr. E.M. Drury is a director of Fort Vale Limit¢d. Fort Vale Engineering Limited Fort Vale fngiileering Limiied is a wholly•own¢d subsidiary of Fort Vale Limited. Messrs. E.S. Fort OBE and E.M. Drury are directors of Fort Vale Engineering Limited. Fin4nciRI instruments Objeclives aAApollcies The chariiy is exposed lo a number of financial risks including credit risK cash flow risk and liquidity risk. CoshJ7ow risk The charity has no 5ignific8nt ¢ash flow risk. Credlt rlsk The ¢haTiry'S principal financi81 asJ¢ts are bank b&lon¢e$ and cgsh. The Gredit risk on liquid funds is limited becau th¢ counlerpartie$ are banks with high credit-ratings assigned by international credil-raling a8en¢ie$. Liquidity rlsk The charity mainlains an in5t8nt access bank a¢¢ourtt in order to maintain liquidity and 10 ¢nsure Ihai Sufficient fijnds are available for ongoin8 operations wid fvture developrnenls. Tru$lee5' liabilltles Thc ¢hariiy mainlains 8n insLMCC policy providing indemnity cov¢r for th¢ benefil of the Iru5tee$ in connection with the p¢rlormance of their dutie5 93 oITic¢r5 Ot'the charily. Diselosure of informAtion to *wditor Each trustee has t8kcn steps that they ought to have taken as 8 trusiee in order to make themselves awar¢ OF any relevant audit informatioii and to eylablish thai Ihe charity's audilor is aware of that information. The trusiees confirm that there is no relevant information that Ih¢y know of and of which they know the auditor is unawure, Small companies provision 5totement Thi5 report ha5 bc¢n prepared in accordance with the 5mbll componie5 regime under the Compllnies Act 2006. Page 4
Fort Vale Foundatioo Trustees, Report The annual report was gpproved by the trustees of the chotrily on 7 Octobci 2025 and signcd on ils behalf b%.: Mr EM Drury 'rrustee Page 5
Fort Vale Foundation Statement of Trusteesl Responsibilities l-h¢ Iwsiccs lii.ho arc a130 il)e direclors ol- l.'orl Vale loiindation lor the Pufposes ol. company laivl or¢ risponsiblc for preparing Ihc Irusices, r¢pori ond Ihe financial slalEI))LniS in o¢eordanc¥ Ii'iil) applicablc lais, and Uniied Kingdoni Accouniing SiandaTds Iutiii¢d Kingdom G¢nerally Acc¢pied Accounling PTaciic¢l. incliiding I-.RS 102 '1'h¢ financial Reporting Siandard applicablc in Ilic UK and Republic ol'lrcland" Compan), laii, rcquir¢5 Ihc irustees io prepar¢ financial sioi¢inenls for each linan¢iaS ycar. Undcr compony lu%v Ili¥ iru51CC5 iiiusl noi appiove Ih¢ linan¢i11 I sialcnienis iinlcss Ilicy arc $41isfi¢d il)ai IliLV give l& ITU¢ and lair viei%' of ilic slatc of allairs of Ihc chai'itabl¢ compaiiy ciiid ol. Il)c incon)ing resoLirccs Jnd applicalion ol. resourcL's. including iES income ¥JJd expenditure, of the ChILable con)poi)}' lor ihai period. In prcpuring ¢l)¢¥e linancial staiements, the trustees required to: select suitable a¢counting policies and apply them ¢onsislenily observ¢ the meihods and principles in the Charities SOIIP: niake judgements and estimates that are reasonable and prudent. siaic wheilicr applicable accounting siandards, cornprising FRS 102 have b¢¢n followcd, subject lo 8my Iiiaierial dcpanures disclosed and cxplain¢d in the financial staiements; amd prcpore the linanLiil1 siaienicnls on the goiiig con¢¢rn basis urdess it is inappropriat¢ lo presume that the ¢liariiable comp&iiy ii'ill coniinue in busincs5. -riic ii'uslLCS arc responsible lor kccping prop¢r accoiii)iiiig rL¢ords Ilial Lan di5cIosC ii'itli rcasonablc accuracy al Jiiii iin)e Ihc linaiicial position ol'il)e chariiablc cnmpJn%' and ¢iiJblc tlieni lo cnsiirc Iliai lh¢ lii)ancial siaicmcnts ¥oniply iviili Ille Li>mpwiics Aci 2006. Tlicy ar¢ also respoiisil)Ic for saf¥guarding ihc 8ssciS tsf il)c ¢l)uriial)Ic ¢onipai))' and lienc¢ l(Ir iaking rcusonablc slcps lor Ihc pr¢i¢niioii And d¢lcciion or rraiid and oih¢r irrcgularlii¢5. Approv¢d by ihe Irusiees of the charity on 7 October 2025 and signed on ils beh31( by., I r r.M Druo. Trustee Page 6
Fort Vale Foundation Independent Examiner's Report to the trustees of Fort Vale Foundalion ('the Compauy,) I report lo the charity trustees on my examination of the ac¢ount$ of ihe Company for th¢ year ended 28 February 2025, Responsibilliies gnd bAsi5 of report As the charity's trustees of the Company (and also lis directors for the purposes of company law) you are responsible for the preparation of th¢ accounts in accordan¢¢ with th¢ r¢quiremcnls of the Companies Act 2006 I'the 2006 Act l. l.laving satisfied m)'s¢ll' Ihai the acLount5 of the Company are rtot r¢quir¢d to be udiicd under Part 16 of the 2006 Aci ai)d arL' cligibl¢ for indepciiiiciii examinallOS1, I report in I'csp¢¢t of my Lxaniinaiion of your charity's accoun15 as casried out under section 145 of the Charities Act 2011 ('the 2011 A¢i'). In carrying out my examination I hav¢ followed the Directions given by the Chority Commi55ion under scction 145(51(b) of the 2011 Act. Jndèp¢nd¢nl exAmlM¢r's statement I have compl¢t¢d my examination. I confirn thai no matt¢rs have wm¢ to my attention in conncclion with ihe examirtaiion giving me ¢au5C to believe: l. accounting records wer¢ not kept in respect of Fort Val¢ Foundation L8 required by section 386 of the 2006 Act: or 2. the accounis do not accord with ihose records. or 3. Ihc accounts do not comply wilh the accouniing requircmenls of seclion 396 of the 2006 Act otl)cr than gny requircnient that Ihe accounis give o 'lfttc and fair vi¢iY' Ivliicli 15 nol a n)nt¢cr cortsid¢r¢d as Pillt ot'an independcnl exdminaiion., OT 4. Ihc a¢¢ounts hav¢ not been prepared in accordance with the m¢ihods and principles of the Statemetbl of Rc¢on)mended Pra¢iic¢ for accounling and icpofiing by Cliarilics lapplieabl¢ 10 ¢l?uriti¢s prcpariiig their iI¢¢OLiii15 in ac¢ordiince with the Fin1claI R¢porting Siwidard oppli¢iiblL in Ihc UK and Rlpublic of Ireland {fRS 10211. I hav¢ no con¢ern5 and have tome acrnss no oihcr matters in co[e¢tIon with the examination lo which attention Should b¢ drawn in thi$ report in order io enable a proper unde¥standing of the accow)Is lo bc reached. Steven Wood FCA Inslitute ofchartered Accouftlants in England and Wal¢s H2rgreav¢s Brown and Benson l Bond Street Colne Lencashir¢ BB8 9DG 7 O¢lobcr 2025 Pagc 7
Fort Vale Foundation Statement of Financial Activities for the Year Ended 28 February 2025 (Illcluding Income 2nd Expenditure Aceoullt and Statement of Total RecogDised Cains And Losses) Unrestricted funds Total 2025 Note Income and ENdowments from: Donations and legacies 80,000 80.000 Total inwme 80.000 80.000 Expendlture on: Charilgble activitie5 {92,3741 (9? 374) Total cxpenditur¢ 192,374) 192,3741 Net cxpendilurc Nei movem¢nt in funds (12.374) 112.374) (12,374) (12.3741 ReconeiliAtion of funds Tolal funds broughi fonvard Tolal funds carried forward 159.208 159,208 146,834 Unrestricted funds 146.834 Total 2024 Note Income and Endowmettts Irom: Exp¢nditure on: Charitable activities (44.538) 144.5381 Total exp¢ndlture {44,538) 144,538) Nel expenditure Nel movement in funds {44 538) 144,5381 (44,538) (44.5381 Recon¢lliotitsn of fuDds Total funds brought forward 203.746 203.746 Total funds carried fonvard 159.208 159,208 All of the charity's Aclivitics deriv¢ from Continuing operations during the above tsyo periods. Th¢ notes on page$ 10 to IS form an inle8ral part of these financial statements. Page 8
Fort Vale FoundatioD (Registratlon Dumber: 10324140) Balance Sheet AS at 28 February 2025 2025 2024 Not¢ Current 95Stts Cash at bank and in hand 148,334 160,708 Creditors: Amounts fglllng du¢ within one year Net assets 10 (1,500) 146.834 11,5001 159.208 Funds of the charity.. Uurestricted In¢ome fuMd$ Unreslri¢led funds 146,834 159,208 TotAI funds 146.834 159.208 For the linancial year ending 28 February 2025 the charity was ¢ntiiled lo exempiion from audil under se¢lion 477 of the Companies Aci 2006 r¢l81ing to SMAII companies. Dire¢tOTS' responsibilities; The members hay¢ not required the charity lo obtain on audit of it$ accounts for the year in question in accordance with section 476. and Th¢ dircciors acknowledgc their rcsponsibilities for complying with the requirements of the Act wilh resp¢cl lo a¢¢ounling records and the preparation of accounts, The financial slatemenls on pages 8 to I S were 8PPTov¢d by the (Tuslees, and authorised for issue on 7 Oclober 2025 and 5iBned un Ih¢ir behalf by,. Mr EM DrL Trusiee The nol¢s on pag¢5 10 to 15 form an integral patt of these financial stalemenl5. Pagc 9
Fort Vale Foulldation Notes to the FiDancial Statemenls for the Year Ended 28 February 2025 I Charity $tAtus 'rhc charity is limit¢d b). guaranice, incorporated in fngland & W&les, 8nd consequentlv does not have sharL capital. Each of the Irusiecs is liable lo contribute an amounl nol exceLdirbg £1 toivard5 111¢ assets of the cliariiy irt the event of liquidation. The addre55 of its regislered office is,. Calder Vale Park Simonston¢ Lane Simonstone Burnley Loncashir¢ BB12ThD 2 Accounting p•licies SummAry ofsignllScAnt Ac¢ountlng policies knd key Accounting estlmates The principal accouniin8 policies applied in th¢ preparation of Ihese tinancial slatemenls are sel oul b¢low. These poli¢ie5 have been consisienily appli¢d to all the yeon presenl¢d, unle55 Oth¢rwi5e slated. St%¢ement of compliance 1'h¢ financial slal¢ments have been prepared in accordance wilh Accounting oJJd Rcporting by ch111., Siiilcnicni of Kecomi)i¢iidcd PracliL'¥ dpplicDble 10 ¢hnrili¢5 preparing ilicir ¢counls iii a¢¢ordi¢ nc¢ iviih Ihc 5."iiiai)Lial Il¢porliiig Siandard applicdble iii Lhe UK and R¢pLibli¢ of Ircland 11."RS 1021 (clTecliv¢ l January 20151 (Cliurilies SORP (I."RS 102)), Ili¢ Financial Il¢portin8 Standard applicable in Ihe UK aiid Rcpublic ol. Ii'clJiid IfRS 102). Ili¢ ChariliC$ Acl 2011 aiid Ihe Cornpanies Act 2006. BA$1$ of preparqtion The tinaneial slat¢menl$ have been prcpored for the charity as an individual entily under the historical cosi ¢onvention. Fori Vale Fowidalion meets the d¢finilion of a public benefil enlily und¢r 5eciion 4 of the Charities Aci 2011. Assets amd liabilili¢s are initially r¢¢ognised ai historical c05t or Iransaciion valuc unless otheThvise stalcd in the relevont accounting policy not¢s. The linilllcicil 51nicm¢nts ol. l.ort Vale Foundaiiun are prLscnled in the Clirrcncy of the primaT)' ccononiic environmcnl in ii,hich the tliariiy operates (its liiiiclional currcnc}'l. For the purposes of the fiiiaii¢iil siaicniciils. the Statement of Financial Activities and Balan¢¢ Sheet ar¢ presenled in St¢rling (£), Going concern Thc trustecs ¢onsider that there are no material Lincertainlies about the charity's ability to continue as a goin8 concern nor aJiy signifi¢anL areas of uncertainty that affect the carrying v8]ue of assets held by the charity. Income and endOwmetS All income is rtcogniged once th¢ ¢harity has entitlement to the income. it is probable that the in¢ome will be receiv¢d and the amount of the incomc receiv&ble can b¢ rneasur¢d reliably. Page 10
Fort Vale Foundation Notes to the Financial Statements for the Year Ended 28 Februarv 2025 Dontslions (uid legt7cies Donations ar¢ rccognisLd ii,hen Ihe charily has becn nolificd in ii'riiing of boih Ihc amoiiiit and seiileni¢nt dale. In ilic evcnl Iliut a donaiion is SLibjeci lo ¢ondiiion5 10 be niei by ihc ChIllY before Ihe charil), is Lnliilcd lo the lunds. Il)¢ incomc is d¢fcrred and nol Tecogniscd until eiiher iliosc condiiions arc fully In¢E or Ihe luifilmcnt or Ihose condilions is wholly within Ihe control of the charity and il is probable thal thesc conditions will be Ifillcd in the reporting period. Expendiknre All ¢xpenditure is r¢¢ognised once there is a legal or conslruciive obligation to ihai expendilure, it is probabl¢ settlement is required and thc amount can be measurcd reliably. All costs are allocaied to the applicable expendibjre heading that aggregate similar cosis to that category. Charilllble a¢ilvili4s Charitable ekpendilure eompri5e5 those costs incurred by ihe ¢harity in the delivery ol. lis ¢l¢1ivilics and services ror ils beneficiari¢s. It includes both ¢osiS that can k allocaied directly to such aclivili¢S aJ)d il)ose cosis of an indirect nature necessary to supporl them. Grani upendilure Grants payable are payments made to ihird party individuals 8nd institutions in the furtheranc¢ of the charitable objcctives of Fort Vale foundation. Grlln15 paid wiihoiil condiiions are rceogniscd in the finan¢i?I sialcments when Ihc commiimcnl to make the grani has been madc wid ili¢r¢ are no ¢ondiliOI)S to be n)¢1 ii'hich arc wiihin the wi)¢rol of ilic Irusie¢s of Forl Vale Fourtdalion. Grants payable wilh conditions are acorued when the trustees have been notified Ihal those conditions have been fiiifilled and any Temaining unfulfilled condilions ur¢ outside the control of the trustees of Fort Vale Foundaiion. Graiiiprovislons Provisions for 8rant5 are made when the intention lo m0k¢ P4 grant ha5 been ¢ommunicated lo the recipi¢nl bul Ih¢rc is uncertainly about eiih¢r the timing of the grant or the amourtl of grant payable. Governkn¢e ¢osts These includ¢ thc cost$ attributable lo the Chwity's compli8mc¢ with constitutional and statutory quireMents. ineluding indep¢ndenl ¢xamination. Taxation 'rii¢ Chariiy is considcrcd lo pass Ihc t¢sis sei oul in Para8r8pl) I S¢hedul¢ 6 of lh¢ financ¢ Aci 2010 ilnd Ilierclorc il m¢eis ihc definilion of 41 ¢harilable con)pany lor UK corporaiion i&x piirp05cs. Accordiiigli., Ihc Cliarily is polci)lially excmpt Iron) l&NALion in rcspcct of iiiconi¢ or capital 8aiiis rcecii'cd ii'iiliin calL'gOI'l¢b wvercd b), Lhapl¥r 3 Parl I l ol. Il)c Corporaiion Act 2010 or s¢10 256 of the Tllxation of Char8e4iblc Gnins Aci 1992, 10 ilie ¢xieiii Ihal 5ucli income or gnkns are upplied exclusively to charitable purpose5. Cash and cgsli equivalents Cash and cash equivalents eomprise cash on hand and bank deposits that we readily convertible to a known amount c)f cash and ate subje¢t to an insignificaJJt risk of¢hpnge in valLIe. Pagcll
Fort Vale Foundation Notes to Ihe Financial Statements for the Year Ended 28 February 2025 Fund Structure Unr¢5tricled income fijnds comprisc those funds which the trustee5 ¢ free to us¢ for any purpose in fiJrth¢rance of th¢ charit8ble objectives. J In¢ome from doDations and legacies Unrestricted funds General Total 2025 Donations and legacies; Donations from individuals 80,000 80,000 80,000 80,000 Unr¢stritt¢d fund5 Geoersl Total funds Donations 8nd le8acies,' Donations from companies, Iwsts and similax proceed3 Donations from individua15 80,000 80.000 80.000 TotAI for 2025 80,000 4 Expendlture on eh#rltAble a£tfvities Unrestricted fuuds G¢lleral Tot*1 ruDds Note Grant funding of a¢tiviÉies Governonce wst5 90.555 1.819 90,555 1.819 Total for 202$ 92.374 92,374 Total for 2024 44.538 44,538 Page 12
Fort Vale Foundation Notes to the Financial Statements for the Year Ended 28 February 2025 5 ADalys15 of governance and support cost5 Governgnoe costs Unrestricted fndS G¢ner41 Totsl funds Independent examiner fees Examination of the financial Siaiements Oth¢r gov¢rnanc¢ ¢osis T(JlAI for 2025 1,500 319 1.500 319 1,819 1,819 Totgl for 2024 ,796 1.796 6 Gr411t-mAkln% Analy51s of gr4nts Grants to individuals 2025 Gr4Dts to institutions 2025 2024 AnAIy$is Amal¢ur sport Education Citizenship and community ivelfare Health Culture 10,255 7,300 63.50 7,000 2.OiJO 4,092 3,000 28.650 5,000 2.000 500 90,055 The support cosis a550ciated with grani-makin£ ar¢ £Nil (29 Februgry 2024- £Nill. 42.742 500 Page 13
Fort Vale FouDdAtion Notes to tbe Financial Stalemenls for the Year Ended 28 February 2025 Below are details of m&erial grants made lo in5tilulions 2025 2024 Name of institution Accrington Cricket Club All Saints OTang¢ Bowling Club Buddys for ¢hildren with aulism Ribblcsdal¢ WBmder¢rs Crick¢t & Bowling Club - Amateur sport Duke of Edinburgh Awards Rosemere Can¢er Foundation- NGL fill)draiser Communiry Fow)dBtion for L8ncashire - MOU furtd Colne Primet Primary S¢hool - Sensory room Revilalise - CilizeD$hip pnd community welfare Pendle Ncw Neighbours - Citizenship and community wellbeing Life Now- Blackburi) hospice Lowerhouse Crick¢t Club CIC One Tenth Humon-Burnley Scliools Eng pro8ramrne Oiher Activity 700 700 1.000 1.955 5,000 1,800 10,000 6,000 50.000 5,000 5,000 3,500 3,000 5,000 4,000 3,000 8,042 42,742 19,100 90,055 7 Trustees remuneratlon #nd expenses No truslee$, nor any persons ¢onneGied with them, hav¢ r¢¢eiv¢d any r¢mun¢ration from th¢ charity during lh¢ yellr. No trustees have received 8ny reimbursed expenses or eny other benefits from the charity during the yepr. 8 Taxmtlon The rharity is a registered charity and 15 therefore exempl from laxaliort. 9 Cash #nd t4$b ¢qulv4leDt$ 2025 2024 Cash gt bank 148,334 160,708 Page 14
Fort Vale FoundatlOD Notes lo the Fin9dncial S12tements for the Year Ended 28 Februarv 2025 10 Creditors: gmounts fAlling due wlthiD on¢ year 2025 2024 1,500 Accrua15 1.500 I l Related party transactiOD5 During th¢ year the charity made the followin8 related party transactions: Fort Vale Limited Mr E.S. Fort OBE is a director und majority beneficial shareholder of Fort Vale Limited. Mr E.M. Drw is director of Fort Vale Limiled. Adminislrative services have bc¢n provided by Fort Vale Limited, The valu¢ of services provided has not been quantified.. At th¢ balance sheet dale th¢ amount due tolfrom Fort Vale Limit was £Nil (2024- £Nil). Forl Vale Engineering Liiniled l orl Val¢ l-. ngincering l.iiniicd is EL wholly-oiviied subsidiary of Forl Vale Limited. Messrs. E.S. Fort OBE and E.M. Drufj, arc dir¢clors ol"l.oTI Vg1¢ l.nBinceriiig Limil¢d, Included in donations are unwndilion81 donations received from Fort Vale Engineerirbg Limited toialling £80,000 (2024 - £Nil}. Adniinislrniive services have becn provided by fort Vai¢ In8ineering Limited. The voliie of s¢rvices provid¢d l)ll3 1101 bc¢n q1141nlifi¢d.. At the baliiiice sheet duie IIIL amount diic tolfrom Fon Vale l.-n8iii¢¢riiig Lin)iied il'as £Nil (2024- £Nil). P8g¢ 15