Charity re8iStrntion number. 326038
THE FORTE CHARITABLE TRUST
FINANCIAL STATEMENTS
YEAR ENDED S APRIL 2023

THE FORTE CHARITABLE TRUST
INDEX
Yw ended 5 Aprll 2023
G•n•ral Informatlon
Repon of thè trnst••s
Ind¢p•ndent oxamln•r's report
Sta¢emeDt of flnanclal acdvltt•s
BalaThc• Sh￿t
Notes to the financlal sra¢gmenr5

THE FORTE CHARITABLE TRUST
GENERAL INFORMA TION
Year ended 5 April 2023
Settlor
The Hon Sir R¢x¢o Forte
Trustées
The Hon Slr Rocco Forte (Chalrman)
The Hon Mrs O M L A Pollzzi dl Sorrendno CBE
Lowndes Tnjstees Limlted
Princlp•l address
70 Jtrniyn Str¢er
London
SWIY6NY
Charfty number
326038
Bankerj
C Hoare & Co
37 Fleet S¢re¥t
London
EC4P 4DQ
Investm•rbt m￿*Ser
Char4es Stanley & Co. Umlted
55 Blshopsgat•
London
EC2N 3AS

THE FORTE CHARITABLE TRUST
REPOR T OF THE TRUSTEES
Year ended S Aprll 2023
The trustees are pleased to submi¢ their report and acwunts for the year ended 5 April 2023.
Constltuthn
The trust is a re￿stered charlty, number 326038, and is Con$￿tuted under a trust deed dated 14 January 1982. The
Trust was established by an initial gift from the Hon Sir Rocco Forte (the Setdorl.
Obl•ctlv•s and actlvltles
Grants are made for charltable purposes and to charitable In5dtutlons. for the publlc benef1¢ at the dlscretlon of
the Trustees. The Trustees have continued to make grants to other charldes durlng the year for the benefit of the
elderly and the general publlclffmnkln
Trust••s
The names of the present trU5tee5, who 5eThed throughout ¢ho ye¥, are stated on page 2. The dlrectors of th•
corporate trustee Lowndes Tru5teos Umlt¢d are as follows..
The Hon Mrs M L C Burness
Thè Hon Mrs l M A Danlloylch
The Hon Mr5 G M Alen-Buckley
Tho Hon M155 P M L Forrg
New trustee5 may be appoSnred by th¢ Sgdor durlng h5$ IiferJme and thereafrer by the trust¢¢s, $u¢h thac thè
number of trustees Is at least three but does not exceed seven. New Trustees are brlefed on the alm5 of the
charlty and glven coples of m05t recen¢ accounu and the goyernlng Trust deed to ald thelr undersundlns of the
Charty.
The trustees have ￿de powers to admlnlster th• trust and to Invest funds. The Trustees have the power to mak•
#rants from both Incorne and capltal.
Or8anSsatlon
The Trustees are responslblo for the day to day runnlng of the charfty. They also declde on the Investment of
charlty fund5 and the payment of grants. The prfnclpal address of the charlty Is shown on page 2.
Publlc beneflt
The trus¢ees. haylng regard w the Publlc benefit gulthnce publlshed by the Charty Comm155lon In accordancè wlth
5ecdon 17 of the charl￿e$ Act 2011. conslder that tha¢ purpose and ac￿VItIeS of the charlw 5adsfy the
requlrements of the publle benefit test set ou¢ Sn secdon 4 of the same acL
Revlew of the year
As shown on page 6, there wa5 an overdll net decrease In fund5 of £168.709 In the year12022 - £7,349 Increase).
which ￿4$ made up of income of (28.092 (2022 . £17.7131. investmen¢ losse5 Of £140.91912022 - £33.884 pins}
less expendlture of £55.882 12022 . £44.2481. which Included grants to other eharltable Institu￿On$ of £39.000
{2022 - £27,OCKI)- At the end of the year funds tOt￿led £1121,614 (2022 . £2,290,323).
The trustees consider the total funds at che balance sheei date to be at an appropriate level to PrO￿de future
Investment returns to meet their obiective of rnaking grant5 to other charitable institution5.
Invejtmert policy and perfornwice
The trustee5 have appolnted investment minagers with the long term oblectlye of safeguarding the real value of
eapltal vthi15t prorfdlng approxlmately £60,000 per year to fund grants. A total return pollcy Is lollowed.

THE FORTE CHARITABLE TRUST
REPOR T OF THE TRUSTEES
Year ended S Aprll 2023
Reserves
As shown on page & £19,604 12022 - £1&1361 was transf8rrnd from th• Cap￿ account to thè Incom• account
durlng the year ¢0 make up the shortfall on the Incom4 account At 5 Aprll 2023 thera wa5 no und15trlbuted
Income {2022 - £nil). The ¢ru5tees consider the aggregate level of capltsl and undlsrrlbuted Income 5ufflcl8nt to
meet thelr oblecdve of malntainln8 annual glvlng of £60.000, In terms.
Rlsks
The Trustees have re￿¢Wed the major rlsks to wNch th• charlty Is •xposed and estab115h•d systems to ml*ate
those risks.
Account$
These Ire Set ¢JJt on pages 6 to 10 and have been &awn up In accordance th4 accountlng pollcle5 set out In
noce I to the acc¢)unts and comply wlth the Charlty's trust deed. the Charltbès Art 2011. and Accountlng and
Reportlng by Charldes.. Statement of Recommended Practke appllcable to charltlès preparlng thelr accounts In
accordance wlth the Flnanclal Reporring Srandard appllcable In the UK and Republlc of Iroland {FRSI 02).
On behalf of the Truste
SIRR
CCO FORTE
30Ja
ary
2024

THE FORTE CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPOR T
Year ended 5 April 2023
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE FORTE CHARITABLE TRUST
I report to the trusoes on my ¢￿Mination of the accounu of th¥ Trus¢ f¢Y the year éndtd S Aprll 2023.
Responjlbllltles and basls of report
AS the chariry tru5tee5 of the Truse you are respon51ble for the preparatlon of the accounts In accordance wlth the
requlrements of the Chari¢ie$ Att 2011 I'the Act'l. You are sa￿$fied tha¢ audlt Is not requlred for this year
under charlty law and that an independent examlnatlon is needed.
I report in respect of my examlnatlon of the Trus￿5 accounts carrled out under secdon 145 of the 2011 Act and in
carrying out my examSnatlon I have followed all the appllcable Directlons zlven by the Charlty Commisslon under
sectl¢)n 145{51{bl of the Act. Dixon WSlson. a flrm of Chartered Accountants of whlch l am a partner ha5 provlded
bookketplng seNlces to the Trust and I have applled the FRC'S Revised Ethlcal Standard In carry(ng ou¢ my
eXamIna￿an.
An Independent examination not invofve satherlng all thè ¢•Adence that would be requlred In an audlt and
conse¢wendy does not cover all the matters that an audltor con55der5 In giylng their oplnlon on the accounts. The
plannlng and eoThduct of an audit goes beyond the Ilmited assurance that an Independenr exarnlnatlon can provlde.
Consequendy, l express no opinion as to whether the iccounts present a 'true and falr. vlew and my report Is
Ilmlt¢d ro thost specKlc matters set our In the independent examiner's J¢a¢effjent.
Independent examlner's stateM￿t
l am quaiifled ro under¢4ke the examlnadon by belng a qualthed memb•r of th• Initltute of Chart•r•d Accountants
In Enlind and Walej.
I have completed my examlnadon. I confirm that no material mat¢ers have come ¢0 my attendon In Connecdon wlth
the examlnatlon ￿VIng me caus• to b•ll¢Y• that In any materlal r￿pe¢L.
accountyng records were not kept in respect of the Trust a$ r•qulr•d by sec￿On 130 of the Act: or
the accounts do not iccord wSth those records.. or
the accounts do not comply the appllcable requlrements concerning the form and content of accounts
s•t out In the Charlu¢s {Accounts and Reports) Reguladons 2008 other than any requirement that th•
account5 give a 'true and fair vltw, which Is not a mattèr consldered as part of an Independent examination..
or
the accounts have not been prepared in accordance with the methods and principles of th• Statemen¢ of
Recommended Pracdce for accountlng and reportin8 by charities appllcthe to charltie5 preparing tholr
accouftcs In accordance wlth th• Flnanclal R•pordng Sundard appll¢3ble in the UK and Republic of Ireland
(FRS 1021.
I have no concern5 and have come across no matters in connection with the examinauon to whith atten￿tsn should
be drawn In thls report In order ¢0 enable a proper understanding of the accounts to be reached.
G SMYE-RL MSBY ACA
Dlxon Wll$on
22 Chancery Lane
London
wc￿ ILS
2024 10 Fabruary

THE FORTE CHARITABLE TRUST
ALANCE SHEET
At S April 2023
Note
2023
2022
Flxed assets
Investments
1.959,716
2.110.194
Curvent a*Jets
Cash at bank
168,378
185.629
Credltors- an)ounts falling due wSthln one year
Net current a55ets
{6.4801
161,898
(5.500)
180.129
Total assèts l•ss current Ilabllltl•s
1121.614
2,290,323
Unr•$trlc¢ed funds..
Capltal fund Ipw 61
Incorne fund Ipage 61
2,121,614
2.290,323
2,121,614
2.290.323
Th• financlal
ases 6 ¢0 1 O w•re approved by the twstees on 30 January 2024 and 51gned by..
SIRR
CCO FORTE
fy. fuk
MRS O M LA POLIZZI
NDES TRUSTEES LIMITED

THE FORTE CHARITABLE TRUST
NOTES TO THE FINANCIAL 5T A TEMENTS
Year ended S April 2023
Accountin8 Polici¢1
Basls of accountlng
The flnanclal statements have been prepared in accordance vrith Accoundng and Reportlng by char￿e$.. Statement
of Recommended Practice applicable to charttles preparlng thelr accounts In accordance wlth the Flnancl81
Reporung Standard appllcable In the UK and RepublSc of Irelarbd IFRS1021 and the Charltles Act 2011.
The financial $ratements have been prepared under the h15torlcal cost convèntlon ¥￿th Items reCO￿￿sed at cojt or
tran5attlon Ydlue unless otherwise srated in the accounting pdicies below.
The charity con5tltut•s a publlc benefit entity as defind by FRS102.
The trustees ¢+xslder that thert arè no uncertalnde5 abour the chariW5 ablllty to Can￿nUe as a golns concern.
Fund itructur•
Unrestrlcted fun& ar• aRllable for use at the dlscredon of the trustees In furtherance of th¢ gen•ral obltcdv*s of
the charity. A5 & total recurn pollcy Is foll¢)wed whère Income funds ar• Insuffl¢len¢ capl¢al fund5 are used to fund
expendlture on charitabl• acdYld•s, and a corr•$pondng transf•r b•ts¥••n funds Is made to reflect this.
Incomo r•co8nltlon
Divldend income Is r•co8nlsed whn the trust Ss endded ¢0 the dlvldend and Intere$¢ Income is r•cognls•d on an
accru315 ba515.
Expendlturn r•cognltlon
E¥pendlture on grants h rncorded once the Tnjst has made an uncondltl¢)nal commltment to ply the 8rani and chls
Is comrnunlcated to the beneflclary or rhe grant has b•érn pald, whlchover Is th•, earller. Other ¢xpendlture Is
Included on an accrua15 bx519 ind split between the Income and capltal fund5 a5 approprlatg.
Investm•nts
Invgstments are 1n1t1￿lY recogn15ed at thelr tran5aCtlon value and are subsequently rne45ured at thèlr falr *rtlu•
{market value) u51ng the eloslng quot•d mark•t prk•s at th• balanc• sh••t &te. All galns and losses are taken to
the sratement of financlal ac￿¥1￿0$.
Flnanclal Instruments
Financlal Instruments are acc¢>Jnted for, accordlng to the substance of the contracvjal arran8emen4 as nnanclal
assets and flnanclal Ilabllldes.

THE FORTE CHARITABLE TRUST
NOTES TO FINANCIAL ST A TEMENTS
Year ended S Aprll 2023
Grants
2023
2022
Grants to Instltutlons
A hmily For Every Orphan
Arandora Star London Memorkl Trust
England And Wale5 Bllnd Golf
Festival of SL Anthony
Grinling Gibbons Society
Growing Well Llmlted
Llberty Cholr UK
St Patrlck's Aoman Cathoh¢ Church
Target Ovarlax Canur
The Britb5h Red Cross Sotlèty
The Garden Museum
The Wr•n Proiett
Wg Ar¢ Grow
Women for Women Int4rnatlonal UK
2.000
iocrf)
4,0
5,000
5,000
5.OCKI
5,OLTh)
5.000
5.000
39.000
27,000
Governance crfts
2023
2021
Accountancy fees
Bank charges
3.182
450
sio
4,410
3.632
Investments
Usted Inmtmènts
Market value at 6 Aprll 2022
Add￿lon5 at cos¢
Disposals proceeds
Net losses on Investmenu
ZI 10,194
507,103
1516,6621
1140.9191
1,959.716
Markèt fdlué at 5 Aprll 2023

THE FORTE CHARITABLE TRUST
NOTES TO FINANCIAL ST A TEMENTS
Year ended 5 April 2023
Creditors- amounts fallln8 du• wlthln one year
2023
2022
Investment management cost
Accountancy fees
3.060
3,420
3.100
2.400
6.480
5,500
Taxatlon
Th• Trust Is a relsternd charlty and accordnoy Is exempt from taxatSon on Its Income and 8aln5 where they are
applled for charfitable purpose5.
Trust•es' expenses
NO rrusree recefvod any remuneratlon or were relmbursed any •xpens•s In the year under revlew {2022 - £nlll.
Related party transactlona
There were no related party transac￿0￿$ requlrlng dlsclo$ur• In th• y•ar.
Flnanclal Initrum•Thts
2023
2022
Flnanclal a$5et5 at falr value
Investrnents
1,959,716
2,110,194
Flnanclal assèts at aMor￿sed cost
Cash at bank
168,378
185,629
Flnanclal Ilabllldes at amort15ed c05t
Other pardblis
6.480
5.500