THE TALENT CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 20Z5

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|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|





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||Page|
|---|---|
|Trustees'report|1-2|
|Independentexaminer's report|3|
|Statement of fìnancial activities|4|
|Balancesheet|5|
|Notes tothefinancialstatements|6-13|





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25/08/2026 




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|||UnrestrictedEndowment|UnrestrictedEndowment|TotalUnrestrictedEndowment|TotalUnrestrictedEndowment|TotalUnrestrictedEndowment|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
||Notes|2025<br>ef|<br>2025|2025<br>e[t|2024|2024|2024<br>Ê|
|lncomeandendowments from:||||||||
|lnvestments|3|112,464||112,464|114,253||114,253|
|Otherincome|4|||||30,346|30,346|
|Totalincomeand<br>endowments||112,464||112,464|114,253|30,346|144,599|
|ExÞenditureon:||||||||
|Raising funds|5||27,940|<br>27,940||27,040|<br>27,040|
|Charitable activities|6|126,239 22,200||148,439|97,736|20,400|<br>118,136|
|Total resources<br>expended||126,239 50,140||176,379|97,736|47,440|145,176|
|Netgains/(losses)on<br>investments|10||419,739419,739|||468,906468,906||
|Netmovementinfunds||('13,7751369,599 355,824|||16,517|451,812468,329||
|Fund balancesat1<br>November 2024||82,337|4,200,667|4,283,004|65,8203,748,855||3,814,675|
|Fundbalances at31<br>October2025||68,562|4,570,266|4,638,828|82,3374,200,667||4,283,004|
|||:||||||





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|||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|





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|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<br>ÊÊ|2024|
|Net gain ondisposalof investments|-|30,346|





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|Raising funds|||
|---|---|---|
||EndowmentEndowment||
||funds|funds|
||general<br>2025<br>Ê[|general<br>2024|
|lnvestmentmanagement|27,940|27,040|
||27,940|27,040|
|||:|



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|Charitable activities|||||||
|---|---|---|---|---|---|---|
||UnrestrictedEndowment<br>funds<br>funds||Total<br>2025|Unrestricted Endowment<br>funds<br>funds||Total<br>2024|
||2025<br>ÊÊ|2025|t|2024<br>[€|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<br>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|





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|7|Support costs|Support costs|||||
|---|---|---|---|---|---|---|
||SupportGovernance<br>costs<br>costs<br>[Ê||2025<br>Ê|SupportGovernance<br>costs<br>costs<br>Êg||2024<br>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<br>:||ry-|22,080|
||Analysedbetween<br>Charitableactivities|24,380|24,380||22,080|22,080|
|8|Netmovementinfunds||||2025<br>t|2024<br>Ê|
||Thenet movementinfundsisstatedafter charging/(crediting):||||||
||Feespayable forthe independentexamination|ofthe charity'sfinancial|||||
||statements||||2,180|1,680|



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|Net (losses) on investments|||
|---|---|---|
||EndowmentEndowment||
||funds|funds|
||general<br>2025<br>Êâ|general<br>2024|
|Gain/(loss)on sale ofinvestments|(205,7231||
|Revaluationof investments|625,462|468,906|
||419,739|468,906|



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|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<br>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|
|||:||:|





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|income. Any capital gainsor los|sesarisingontheas|setsformpart|ofthe fund.||||
|---|---|---|---|---|---|---|
||At1<br>November|lncoming<br> resources|Resources<br> expended|GainsandAt<br>losses||31October<br> <br>2025|
||2024<br>[€Ê||||Êâ||
|Permanentendowments|||||||
||4,200,667||(50,140)||419,739|!y:'^:|
|Previousyear:|At1<br>November|lncoming<br>resources|Resources<br>expended|GainsandAt<br>losses||31October<br> <br>2024|
||2023||||||
||E|€|€||€|t|
|Permanentendowments|||||||
||3,748,855|30,346|<br>(47,440)||468,906|4,200,667|



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|<br>designated fundswhich have bee|<br>nset aside outofunrestrictedfund|<br>sbythetruste|<br>esforspecific purp|oses.|
|---|---|---|---|---|
||AtI<br>November|lncoming<br>resources|Resources At31<br> expended|October<br>2025|
||2024<br>[€Êf||||
|General funds|82,337|112,464|(126,2391|68,562|
|Previousyear:|At1<br>November|lncoming<br>resources|Resources At31<br>expended<br>-|October<br>2024|
||2023||||
||f|I|Ê|e|
|Generalfunds|65,820|114,253|_i1e)|82,337|





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|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|



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