THE TALENT CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 20Z5
| Trustees | Mr N Bleakley |
|---|---|
| Mr H ESwitzer | |
| MrJ McDowell | |
| Charity number | Ntc107073 |
| Principal address | Carson McDowell |
| Murray House | |
| Murray Street | |
| Belfast | |
| BT1 6DN | |
| lndependent examiner | Moore(N.1.) LLP |
| 4thFloorDonegallHouse | |
| 7 DonegallSquareNorth | |
| Belfast | |
| BT1 5GB | |
| Solicitors | CarsonMcDowellLLP |
| Murray House,MurrayStreet | |
| Belfast | |
| BT1 6DN |
| Page | |
|---|---|
| Trustees'report | 1-2 |
| Independentexaminer's report | 3 |
| Statement of fìnancial activities | 4 |
| Balancesheet | 5 |
| Notes tothefinancialstatements | 6-13 |
25/08/2026
| UnrestrictedEndowment | UnrestrictedEndowment | TotalUnrestrictedEndowment | TotalUnrestrictedEndowment | TotalUnrestrictedEndowment | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| Notes | 2025 ef |
2025 |
2025 e[t |
2024 | 2024 | 2024 Ê |
|
| lncomeandendowments from: | |||||||
| lnvestments | 3 | 112,464 | 112,464 | 114,253 | 114,253 | ||
| Otherincome | 4 | 30,346 | 30,346 | ||||
| Totalincomeand endowments |
112,464 | 112,464 | 114,253 | 30,346 | 144,599 | ||
| ExÞenditureon: | |||||||
| Raising funds | 5 | 27,940 | 27,940 |
27,040 | 27,040 |
||
| Charitable activities | 6 | 126,239 22,200 | 148,439 | 97,736 | 20,400 | 118,136 |
|
| Total resources expended |
126,239 50,140 | 176,379 | 97,736 | 47,440 | 145,176 | ||
| Netgains/(losses)on investments |
10 | 419,739419,739 | 468,906468,906 | ||||
| Netmovementinfunds | ('13,7751369,599 355,824 | 16,517 | 451,812468,329 | ||||
| Fund balancesat1 November 2024 |
82,337 | 4,200,667 | 4,283,004 | 65,8203,748,855 | 3,814,675 | ||
| Fundbalances at31 October2025 |
68,562 | 4,570,266 | 4,638,828 | 82,3374,200,667 | 4,283,004 | ||
| : |
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Notes | Ê | I | I | Ê | |
| Fixedassets | |||||
| lnvestments | 12 | 4,523,462 | 4,183,428 | ||
| Gurrentassets | |||||
| Debtors | 14 | 4,417 | 3,843 | ||
| Cash at bankandin hand | 112,949 | 99,092 | |||
| 117,366 | 102,935 | ||||
| Greditors: amountsfallingduewithin | 15 | ||||
| one year | (2,000) | (3,35e) | |||
| Netcurrent assets | 115,366 | 99,576 | |||
| Totalassets less currentliabilities | 1il'* | yt,"^ | |||
| Thefundsofthe Trust | |||||
| Endowmentfunds | 16 | 4,570,266 | 4,200,667 | ||
| Unrestrictedfunds | 17 | 68,562 | 82,337 | ||
| 4,639,929 | 4,283,004 |
| lncome | frominvestments | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2025 | 2024 | ||
| Ê | Ê | ||
| lncome | from listedinvestments | 111,653 | 113,166 |
| lnterest | receivable | 811 | 1,087 |
| 112,464 | 114,253 |
| Other income | ||
|---|---|---|
| TotalEndowment | ||
| funds | ||
| general | ||
| 2025 ÊÊ |
2024 | |
| Net gain ondisposalof investments | - | 30,346 |
| Raising funds | ||
|---|---|---|
| EndowmentEndowment | ||
| funds | funds | |
| general 2025 Ê[ |
general 2024 |
|
| lnvestmentmanagement | 27,940 | 27,040 |
| 27,940 | 27,040 | |
| : |
| Charitable activities | ||||||
|---|---|---|---|---|---|---|
| UnrestrictedEndowment funds funds |
Total 2025 |
Unrestricted Endowment funds funds |
Total 2024 |
|||
| 2025 ÊÊ |
2025 | t | 2024 [€ |
2024 | Ê | |
| Bank charges | ||||||
| 59 | 59 | 56 | 56 | |||
| Charitabledonations | '124,000 | 124,000 | 96,000 | 96,000 | ||
| 124,059 | 124,059 | 96,056 | 96,056 | |||
| Shareofgovernance costs (seenote7) |
2,',180 | 22,200 | 24,380 | 1,680 | 20,400 | 22,080 |
| 126,239 | 22,200 | 148,439 | 97,736 | 20,400 | 118,136 | |
| Analysisbyfund | ||||||
| Unrestricted funds | 126,239 | 126,239 | 97,736 | 97,736 | ||
| Endowment funds - | ||||||
| general | 22,200 | 22,200 | 20,400 | 20,400 | ||
| 126,239 | 22,200 | 148,439 | 97,736 | 20,400 | 118,136 |
| 7 | Support costs | Support costs | ||||
|---|---|---|---|---|---|---|
| SupportGovernance costs costs [Ê |
2025 Ê |
SupportGovernance costs costs Êg |
2024 I |
|||
| Independent examination | ||||||
| fee | 2,',l80 | 2,180 | 1,680 | 1,680 | ||
| Legalandprofessional | 22,200 | 22,200 | 20,400 | 20,400 | ||
| 24,380 | 24,380 : |
ry- | 22,080 | |||
| Analysedbetween Charitableactivities |
24,380 | 24,380 | 22,080 | 22,080 | ||
| 8 | Netmovementinfunds | 2025 t |
2024 Ê |
|||
| Thenet movementinfundsisstatedafter charging/(crediting): | ||||||
| Feespayable forthe independentexamination | ofthe charity'sfinancial | |||||
| statements | 2,180 | 1,680 |
| Net (losses) on investments | ||
|---|---|---|
| EndowmentEndowment | ||
| funds | funds | |
| general 2025 Êâ |
general 2024 |
|
| Gain/(loss)on sale ofinvestments | (205,7231 | |
| Revaluationof investments | 625,462 | 468,906 |
| 419,739 | 468,906 |
| 12 | Fixedasset investments | |||
|---|---|---|---|---|
| Listed | ||||
| investments | ||||
| s | ||||
| Cost orvaluation | ||||
| At1November2O24 | 4,183,428 | |||
| Additions | 441,878 | |||
| Valuation changes | 625,462 | |||
| Disposals | (727,306) | |||
| At31 October 2025 | 4,523,462 | |||
| Carrying amount | ||||
| At31 October 2025 | 4,523,462 | |||
| At3'1October 2024 | 4,183,428 | |||
| 13 | Financialinstruments | 2025 | 2024 | |
| I | Ê | |||
| Carrying amountoffinancial assets lnstrumentsmeasuredatfairvaluethroughSOFA |
4,523,4624,183,428 | |||
| 14 | Debtors | |||
| 2025 | 2024 | |||
| Amountsfallingduewithinone year: | f | Ê | ||
| Other debtors | 4,4'17 | 3,843 | ||
| 15 | Creditors: amountsfallingduewithinoneyear | |||
| 2025 | 2024 | |||
| Ê | € | |||
| Accruals | 2,000 | 3,35S | ||
| : | : |
| income. Any capital gainsor los | sesarisingontheas | setsformpart | ofthe fund. | |||
|---|---|---|---|---|---|---|
| At1 November |
lncoming resources |
Resources expended |
GainsandAt losses |
31October 2025 |
||
| 2024 [€Ê |
Êâ | |||||
| Permanentendowments | ||||||
| 4,200,667 | (50,140) | 419,739 | !y:'^: | |||
| Previousyear: | At1 November |
lncoming resources |
Resources expended |
GainsandAt losses |
31October 2024 |
|
| 2023 | ||||||
| E | € | € | € | t | ||
| Permanentendowments | ||||||
| 3,748,855 | 30,346 | (47,440) |
468,906 | 4,200,667 |
designated fundswhich have bee |
nset aside outofunrestrictedfund |
sbythetruste |
esforspecific purp |
oses. |
|---|---|---|---|---|
| AtI November |
lncoming resources |
Resources At31 expended |
October 2025 |
|
| 2024 [€Êf |
||||
| General funds | 82,337 | 112,464 | (126,2391 | 68,562 |
| Previousyear: | At1 November |
lncoming resources |
Resources At31 expended - |
October 2024 |
| 2023 | ||||
| f | I | Ê | e | |
| Generalfunds | 65,820 | 114,253 | _i1e) | 82,337 |
| Analysis ofnetassetsbetweenfunds | |||
|---|---|---|---|
| Unrestricted | Endowment | Total | |
| funds | funds | ||
| 2025 | 2025 | 2025 | |
| Ê | I | Ê | |
| At31October2025: | |||
| lnvestments | 4,523,462 | 4,523,462 | |
| Current assets/(liabilities) | 68,562 | 46,804 | 115,366 |
| 69,5624,570,266 | 4,638,828 | ||
| Unrestricted | Endowment | Total | |
| funds | funds | ||
| 2024 | 2024 | 2024 | |
| Ê | Ê | â | |
| At31October2O24: | |||
| lnvestments | 4,183,428 | 4,183,428 | |
| Current assets/(liabilities) | 82,337 | 17,239 | 99,576 |
| 82,337 | 4,200,667 | 4,283,004 |