Tale REGISTERED COMPANY NUMBER: CE018860 (England and Wales) REGISTERED CHARITY NUMBER: 1185346 The Fun REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THEYEAR ENDED 30SEPTEMBER 2025 FOR THE TALENT FUND Lawes & Co UK Limited (Statutory Autjilorsl Boyce's Building 40-42 Regent Street Clifton Bristol BS8 4HU
THE TALENT FUND CONTENTS OFTHE FINANCIAL STATEMENTS FOR THEYEAR ENDED 30SEPTEMBER 2025 Pago Report of the Trustees Report of the Independent Auditors Statement of Financlal Activities 9 to 10 Balance Sheet 11 to 13 Cash Flow Statement 14 Notes to the Cash Flow Statement 15 Notes to the Financial Statements 16 to 18 Detailed Statement of Financial Activities 19
THE TALENT FUND REPORTOFTHETRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report wilh the financial slalements of the charity for the year ended30September 2025. The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The charity's purpose as sel out in the objects are contained in the constitution docum8nt. Its broad objective is: The application of the charity's funds for the public benefit as the trustees may in their discretion think rit for any charitable objects and purposes in any part of the world. Its vision is a fairer. safer. more just world for all. Its mission is to harness Ihe generosity and passions of phii3nlhropists prlLYn1nanty butmtexdugvelyn the entertainm&tt, cTrab've and spKJrb'ru induslrEsto drive positive social changes and deliver for the public good. It seeks to make giving purposeful and easy by identifying and connecting donors with change making organisations and by funding charitable activities that deliver against its vision and the philanthropic objectives of its principals. It does this by making grants from the funds attributed lo donors and by measuring the outcomes and impact of those grants. To enable Ihe trustees lo deliver the charity's objectives. each philanthropic fund has its own strategy based on need and the charitable interests of the donor. Potential grantee recipients are Ihoroughly researched and if selected are invited to apply for funding. Generally. the trustees do not make grants in response lo unsolicited applications or to individuals. Significant actlvities In the last financial year. the charity made 87 grants in the name of 9 restricted funds IJJM Fund, Make Humanity Great Again Fund, Go Well Fund, HughBonGo Fund, Five Fund, FONO Fund, The George Michael Fund, Whytewater Fund, and the Bob Willis Fund) lo the value of£1,799.047. Most grants were given to charities. addressing issues in the UK of which over 400/0 had an income of £1m or under. Trustees were particularly pleased to be able to support community based and smaller organisations. The Talent Fund also made 5 of its own charitable grants tolalling £40,000. The Iruslees are pleased to report one new fund in the year and total income of£1,951.225 across new and existing funds. The charity conlinued to market itself through word of mouth, and lo promote its progress through its contacls and wider network. At the time of writing there are a few new funds in development which the trustees hope will result in new donors coming on board. Public benefit The trustees confirm that they have had due regard to the guidance issued by thè Charity Commission in respect of the public benefit when reviewing Ihe charItS activities and performance. Page 1
THE TALENT FUND REPORT OFTrIETRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025 STR4TEGIC REPORT ACHIEVEMENT AND PERFORMANCE The trustees are satisfied with the progress the charity has continued to make. particularly in light of the external environment. They also wish to note that the grants made in the year went through expert assessment to ensure they addressed a genuine need, had realistic goals. efficient and professional management, good governance and the tools neSSary for measurement and effective reporting. FINANCIAL REVIEW In the period 1 October 2024 to 30 September 2025, the charity received restricted donations of £1,951,225 and unrestncted other income (donations (including from the Gales Foundation}, Gift Aid, bank interest and contributions to costs by our donor principals) of £248,042. The restricted donations were made up of monies donaled or raised in the name of Make Humanity Great Again Fund, FONO Fund, Bob Willis Fund. Go Well Fund, JJM Fund, Five Fund, HughBonGo Fund, Whylewater Fund and The George Michael Fund. The Talent Fund currently has two roules to establishing funds - one is purely funded by an individual or a company or other charity. The other relies on fundraising activities and donations from the public. Third-party suppliers are sometimes used lo help to raise funds. In the year lo 30 September 2025 we worked with Fonix Plc. We have safeguards in place when working with these supplier5 so that we protect supporters and the reputation of the charity. We require the supplier lo confirm that they comply with the Code of Fundraising Practice. The trustees resolved when setting up the charity to raise sufficient unrestricted funds lo cover ils original set up costs and its operating costs for the first few years of its life. The Talent Fund has now been operaliro for six years and to ensure (( is able to grow Sltstainably, meet the philanthroFNC aspirations of ts principals, and mitigate any risks, trustees have agreed that Unrestrict resetves should be maintained at 18 months of operalional costs Ic£210,000 for the year lo 30 September 20251. The Talenl Fund may use surplus income to make charitable grants in line with ils missDn. Trustees will remew this policy annually to ensure the charity G3n delwer growth Whi keeping costs under o)ntrol, and remainiro financKglly slable. The trustees consider thal the unrestricted fund balance at 30 September 2025 of £343,746 exceeds the reserves policy and the surplus monies can be used to make charitable grants in the next financial year. During the year to 30 September 2025 the trustees continued lo take advantage of the rise in interest rates lo continue with an Instant Access account and a 32 day notice account. The principle remains that there should always be funds available to pay grants as soon as the correcl paperwork is in place. The trustees do not consider that this constitutes an investment and there was no investment policy required. The trustees keep the major risks to which the charity is exposed under regular review. These risks are primarily repulalional, as the operation of the receipt of funds and the process of the awards of grants are kept as straightforward as they can be. Other risks include security of data. and potential safeguarding incidents al grantee organisations. or fundraising events. There are policies in place lo manage and mitigate these risks, including safeguarding, privacy and complaints policies that are available on our website. "Ihelalentfund.org° No complaints were received in the year to 30 September 2025. Page 2
THE TALENT FUND FUTURE PLANS As the charity evolves over the coming year, it plans to continue lo grow its income and attract new philanthropists, increasing its charitable giving and gradually expanding its granl-making. As referenced above, there is a pipeline for new donors which looks healthy and bodes well for the coming year. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is a charitable incorporated organisalion and is governed by ils constitution dated 13 September 2019. Organisational structure The board of trustees is responsible for the overall business strategy and policies of the charily and may exercise all the powers of the charity in accordance with the terms of the constitulion. The day-to-day managemént and administration of the charity is shared by the trustees with the support of its professional advisers and freelance consullanls, as required. Induction and training of now trustees A new trustee is given copies of the constitution and the charity's most recent annual report and accounts. In addition. they are given copies of key literature in respect of their duties and responsibilities and in pa'cular the Charity Commission's Guide to the Essential Trustee. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company numbor CE018860 {England and Wales) Registered Charity number 1185346 Registered office Boyce's Building Regent Street Brislol BS8 4HU Trustees K Cahill C Lien C Simon M Naik P Salmon C Pizey K Capras (from December 2025) Page 3
THE TALENT FUND Auditor Paul Freeman BA FCA FCCA Lawes & Co UK Limited (Stalulory Auditors) Boyce's Building 40-42 Regent street Clifton Bristol BS8 4HU Solicitors Harbottle & Lewis LLP 7 Savoy Court London WC2R OEX Bankers Lloyds Bank plc 1 sl Floor (Easl} 10 Gresham Street London EC2V 7AE COMMENCEMENT OF ACTIVITIES The charitable company was incorporated on 19 September 2019 and commenced operations on the same day. Page 4
THE TALENT FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of The Talent Fund for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial slalements for each financial year which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources. inc5uding the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP., make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial stalemenls on the going concern basis unless il is inappropriate to presume that the charitable company will continue in business. The Irustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial position of the charitable company and to enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: there is no relevant audit infomation of whiGh Ihe charitable companls audilors are unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. AUDITORS The auditors, Lawes & Co UK Limited (Slatutory Auditors), will be proposed for re-appointment at the forthcoming Annual General Meeting. Report of the Irustees, incorporating a strategic report, approved by order of the board of trustees on 22 June 2026 and signed on its behalf by.. K J P Cahill - Trus188 Page 5
THE TALENT FUND REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE TALENT FUND Opinion We have audited the financial statements of The Talent Fund {Ihe 'charitable company'} for the year ended 30 September 2025 which comprise the Slalemenl of Financial Aclivities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a Irue and fair view of the state of Ihe charitable company's affairs as at 30 September 2025 and of ils incoming resources and application of reSoUrs, including ils result, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Praclice., and have been prepared in accordan with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordan with Intemalional Standards on Auditing (UK) IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audil of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Elhical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficienl and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slatemenls, we have concluded that the trustees, use of the going Goncern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions thal, individually or colleclively, may cast significant doubt on the charitable companls ability to continue as a going concern for a period of at least twelve months from when the financial slatemenls are aulhorised for issue. Our responsibilities and Ihe responsibilities of the trustèes with respect lo going concern are described in the relevant sections of this report. (Xher information The trustees are responsible for the olher information. The olher information comprises the information included in the Annual Report, other than the financial slalements and our Report of the Independent Auditors Ihereon. Our opinion on the financial slalemenls does not cover the other infomiation and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our aL¢dit of the financial stalemenls, our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material misstatements, we are required lo delemine whether this gives rise to a material misstatement in the financial slatements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other infomiation, we are required to report that facl. We have nothing lo report in this regard. Page 6
THE TALENT FUND REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE TALENT FUND Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities {AGcounls and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the informalion given in Ihe Report of the Trustees is inconsistent in any malerial respect with the financial statements., or the charitable company has not kept adequate accounting records.. or the financial statements are not in agreement with the accounting records and retums., or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Slatemenl of Trustees, Responsibilities, the trustees (who are also the direclors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is ne$sarY to enable the preparation of financial statements that are free from malerial misslatemenl, whether due to fraud or error. In preparing the financial slatements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern. disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the Iruslees either intend to liquidate the charitable Gornpany or to cease operations, or have no realistic alternative but to do so. Page 7
THE TALENT FUND REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE TALENT FUND Our responsibilities for the audit of the financial statements We have been appointed as auditors under Section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect Ihereunder. Our objectives are to oblain reasonable assurance about whether the financial statements as a whole are free from material misslalemenl, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misslatement when it exists. Misslatemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. The extent lo which our procedures are capable of detecting irregularities, including fraud is detailed below.. We identify and assess the risks of material misstatement in the financial slalemenls, whether due to fraud or error, and then design and perform audit procedures responsive to those risks. This includes assessing the risk of non-compliance of laws and regulations, evaluating incentives and opportunities for fraudulent manipulation of the financial statements and management bias in accounting estimates. Audit procedures performed by the engagemenl leam included, but were not limited to= -enquiries with Trustees, including consideration of known or suspected instances of fraud and non- Complian with laws and regulations -reviewing transactions that may appear oulside the normal course of business -obtaining an understanding of the Charity's internal control environment We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and the Charities Act 2011. In conducting the work above we apply due care and professional sceplicism throughout. However, there are limitations within the procedures outlined above and the risk from detecting matenal misstatement due to fraud is higher than the risk of not detecting one resulting from error. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Page 8
THE TALENT FUND REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE TALENT FUND Use of our report This report is made solely lo the charitable company's trustees, as a body, in accordance wilh Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to slate to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report. or for the opinions we have fomied. Paul Freeman BA FCA FCCA {Senior Statutory Auditor) For and on behalf of Lawes & Co UK Limited (Statutory Auditors} Boyce's Building 40-42 Regent Street Clifton Bristol BS8 4HU Date.. The noles form part of these financial statements Page 9 continued...
THE TALENT FUND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025 Year ended 30.9.24 Total Funds Unrestricted Restrlcted Fund Funds Total Funds Notes INCOME AND ENDOWMENTS Donations and legacies Olher income including Gift Aid Administration fees 27,841 1,951.225 1,979,066 1,297,938 117,863 117,863 81,619 102,338 102.338 61,242 248,042 1,951,225 2,199,267 1,440.799 EXPENDITURE ON Charitable activities Grants 40,000 1,799,047 1,839,047 1,434,607 Fundraising costs 5,760 7,221 12.981 9,364 Legal and Professional and Other cosls 135,585 140,738 276.323 176,528 Total 181.345 1,947,006 2,128,351 1,620,499 NET INCOME I (EXPENDITURE) 66,697 4,219 70,916 (179.700} RECONCILIATION OF FUNDS Total funds brought forward 277,049 396,903 673,952 853,652 Transfers beteen funds TOTAL FUNDS CARRIED FORWARD 343,746 401,122 744,868 673,952 The notes form part of these financial stalemenls Page 10 continued...
THE TALENT FUND BALANCE SHEET 30 SEPTEMBER 2025 Year ended 30.9.24 Total Funds Unrestricted Restricted Fund Funds Total Funds Noles CURRENT ASSETS Cash at bank Debtors and accrued income 357,834 401.122 758.956 715,738 105,520 CREDITORS Amounts falling due within one year {14,088) {14,088) (147,306) NET CURRENT ASSETS 343,746 401,122 744,868 673 952 TOTAL ASSETS LESS CURRENT LIABILITIES 343,746 401,122 744.868 673,952 NET ASSETS 343,746 401.122 744,868 673,952 FUNDS Unrestricted funds Restricted funds 343,746 401,122 277,049 396,903 TOTAL FUNDS 744,868 673.952 The Gharitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025. The members have deposiled notice, pursuant to Section 476 ofthe Companies Act 2006 requiring an audit of these financial statements. The trustees acknowledge their responsibilities for (al ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006., and {b} preparing financial stalemenls which give a true and fair view of the slate of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which olherwise omply with the requirements of the Companies Act 2006 relating lo financial slalemenls, so far as applicable lo the charitable company. The notes form part of these financial statemenls Page11 ontinued...
THE TALENT FUND BALANCE SHEET- continued 30 SEPTEMBER 2025 These financial slalements have been prepared in accordance with the provisions applicable lo charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 22 June 2026 and were signed on its behalf by.. K J P Cahill Trustee C Simon - Trustee The notes form part of these financial stalemenls Page 12 continued...
THE TALENT FUND CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2025 30.9.25 30.9.24 Notes Cash flows from operating actlvities Cash generated from operations 43,218 181,9011 Nel cash from operaling activities 43.218 781,9011 Cash flows from investing activities Net cash from investing activities (Decrease)lincrease in cash and cash equivalents Cash and cash equivalents at beginning of year 43,218 (181.9011 715,738 897.639 Cash and cash equivalents at end of year 758,956 715.738 The notes fomi part of these financial statements Page 13 continued...
THE TALENT FUND NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2025 RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS 30.9.25 30.9.24 Net income 70,916 (179,7001 70.916 (179.7001 Ilncreaselldecrease in trade and other debtors Increasel(decreasel in Irade and other creditors 105,520 133,218) 1105,520) 103,319 Cash generated from operations 43,218 1181,901) CASH AND CASH EQUIVALENTS The amounts disclosed on Ihe Cash Flow Slalemenl in respect of cash and cash equivalents are in respect of these Balance Sheet amounts.. Year ended 30 Seplember 2025 30.9.25 1.10.24 Cash and cash equivalents 758,956 715,738 Year ended 30 Septomber 2024 30.9.24 1.10.23 Cash and cash equivalents 715,738 897,639 ANALYSIS OF CHANGES IN NET FUNDS At 1.10.24 Cash flow At 30.9.25 Net cash Cash al bank 715,738 43,218 758,956 715,738 43,218 758,956 Total 715.738 43.218 758.956 The notes form part of these financial statements Page 14 continued...
THE TALENT FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102} 'Accounting and Reporting by Charities.. Stalemenl of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial slalements have been prepared under the hislorical cost onvention. Income All income is recognised in the Statement of Financial Activities On the charity has entillemenl to the funds, it is probable that the income will be reiVed and the amount can be measured reliably. Expenditure Liabilities are rècognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefils will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly attributed lo particular headings they have been allocated to activities on a basis consislent wilh the use of resources. Grants offered subject lo conditions which have not been met at Ihe year end daté are noted as a commitmenl but not accrued as expenditure. Taxation The charity is exempt from corporation lax on its charitable activilies. Fund accounting Unrestricted funds can be used in accordance wilh the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular reslricled purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. The notes form part of these financial statements Page 15 continued...
THE TALENT FUND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 SEPTEMBER 2025 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30 September 2025 nor for the period ended 30 September 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 30 September 2025 norfor the period ended 30 September 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Fund Restricted Funds Total Funds INCOME AND ENDOWMENTS FROM Donations and legacies Other income including Gift Aid Administration fees 28,025 1,269,913 1,297,938 81.619 61,24gi 81,619 61.242 170,886 1,269,913 1.440.799 EXPENDITURE ON Charitable activities Grants Fundraising costs Other 20,000 5,760 115,286 1,414,607 3,604 61,242 1.434,607 9,364 176,528 Total 141.046 1,479,453 1,620,499 NET INCOME 29,840 {209,540) 1179.700) TOTAL FUNDS CARRIED FORWARD 277,049 396,903 673,952 The notes form part of these financial statements Page 16 continued...
THE TALENT FUND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.9.25 30.9.24 Trade debtors Accrued income 105,520 105,520 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.9.25 30.9.24 Trade creditors Accrued expenses 14,088 147,306 14,088 147,306 MOVEMENT IN FUNDS Net movement in funds At 1.10.24 At 30.9.25 Unrestricted funds Gen8ral fund 277,049 66,697 343,746 Restricted funds Go Well Fund Make Humanity Great Again Fund Bob Willis Fund Tuskar Rock Fund Disa's Fund Diversity Fund Five Fund Anon Fund JJM Fund Whytewater Fund FONO Fund George Michael Fund 6,229 (1,093) 279.393 348 2,215 {112,190) 6,577 1,122 167,203 4,700 120 7,750 16,750 34,990 4,892 3,172 40,000 4,700 120 120,958 10,383 66,240 92 23,727 113,208 (6,367) 31,250 (4,800) 20,555 (40,000) 396,903 4,219 401,122 TOTAL FUNDS 673,952 70.916 744.868 The notes form part of these financial statements Page 17 continued...
THE TALENT FUND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025 Net movement in funds. included in the above are as follows.. Incoming resources Resources Movement expended in funds TOTAL FUNDS 2,199,267 2,128,351 70,916 The notes form part of these financial stalemenls Page 18 continued...
THE TALENT FUND MOVEMENT IN FUNDS- continued Comparatives for movement in funds Al 1.10.23 movement in funds Al 30.9.24 Unrestricted funds General fund 247,209 29,840 277.049 Restricted funds Go Well Fund Make Humanity Great Again Fund Tuskar Rock Fund Bob Willis Fund Disa's Fund Diversity Fund Five Fund Anon Fund JJM Fund Whytewater Fund FONO Fund George Michael Fund 43.916 (1,250) {37,687) 157 6,229 11.0931 388,443 31.250 120 4,000 96,250 35,650 4,892 3.172 (109,050) {26,550) 279,393 4,700 120 7,750 16.750 34,990 4,892 3,172 40,000 3,750 {79,500) (660) 40,000 606,443 (209,540 396,903 TOTAL FUNDS 853,652 {179,700) 673,952 Net movement in funds, included in the above are as follows.. Incoming resources Resources Movemenl expended in funds TOTAL FUNDS 1,440,799 1,620.499 (179,700) RELATED PARTY DISCLOSURES Katerina Capras is a Managing Associate at Harbottle & Lewis. Professional legal serVIS were provided by Harbollle & Lewis in the year to 31 December 2025 at a cost of £6,305. The notes form part of these financial statements Page 19 conlinued...
THE TALENT FUND DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025 Year ended Year ended 30.9.25 30.9.24 INCOME AND ENDOWMENTS Donations and legacies Donations Interest received Gift Aid Contributions lo operating costs 1,979,066 11,882 105,981 102,338 1,297,938 16,068 65,551 61,242 Total incoming resources 2,199,267 1,440,799 EXPENDITURE Charitable activities Grants to institulions 1,839,047 1,434,607 Support costs Management Consultancy 102,442 86,082 Finance Bank charges 240 89 Other Internet, Office and other costs Fundraising costs Contribulions lo operating costs by principals 60,057 12,981 102,338 15,318 9.364 61.242 Governanco Costs Audit fees Accountancy costs Legal fees 4,800 141 6,305 4,680 11091 9,226 Total resources expended 2,128.351 1,620,499 Net incomel{expendlturel 70,916 1179,7001 The notes form part of these financial statements Page 20 continued...
THE TALENT FUND The notes fomi part of these financial statements Page 21 conlinued..