FORT VALE FOUNDATION
The objects of the charity are to undertake such charitable purposes or make donations to such charitable institution or institutions at such time or times and in such a manner as the trustees may in their absolute discretion determine.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £12,374 for the year ended 28 February 2025, reducing its unrestricted funds to £146,834. The charity is reliant on corporate donations from Fort Vale Engineering Limited, which provided £80,000 in the current year. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“For the year ended 28 February 2025 corporate donations were received amounting to £80,000” — page 4
“Fort Vale Foundation maintains sufficient reserves to enable it to continue to make grants for charitable purposes in future periods.” — page 4
“Included in donations are unconditional donations received from Fort Vale Engineering Limited totalling £80,000 (2024 - £Nil). Administrative services have been provided by Fort Vale Engineering Limited. The value of services provided has not been quantified. At the balance sheet date the amount duc to/from Fort Vale Engineering Limited was E£Nil (2024 - £Nil).” — page 17
Trustees
- EDWARD SAGAR FORT OBE LLDHonchair
- JOHN STEPHEN HARTLEY
- MR MARTIN DRURY
- Michael Patrick O'Connor
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/02/2025 | £80k | £92k |
| 29/02/2024 | £0 | £45k |
| 28/02/2023 | £0 | £29k |
| 28/02/2022 | £50k | £35k |
| 28/02/2021 | £50k | £42k |
Common questions
Is FORT VALE FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £12,374 for the year ended 28 February 2025, reducing its unrestricted funds to £146,834. The charity is reliant on corporate donations from Fort Vale Engineering Limited, which provided £80,000 in the current year. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.