THE SEQUAL TRUST TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
THE SEQUAL TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Jackie Ch¢etham Nigel Drivcr (died I" Febrnary 2024) Keiih Ford Patricia R¢dfern Jeremy SowLer Chair Jackie Cheethatn c.hief EXtlY¢ OITicer Judy Ford Charity numb 260119 Principal address 2c WharfR¢)ad Ellesmere Shropshire SY12 OEL Independenl Examiner Morris Cook 6 Salop Road Oswestry Shropshire SYII 2NU Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME194JQ Solicitors Martineau Johnso No. l Lolrnore Square Birmingham B4 6AA
THE SEQUAL TRUST CONTEP4TS Pdge Trustees, report Independent Erdminer's report Statement of firtatteial activities Balance sheet Notes to the accounts 7-13
THE SEQUAL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their report and accounts for th¢ year ended 31 March 2024. The tn]stees have adopled the Provisions of the State]lleDt of Recommended Practice (SORP}"A¢¢ounting and Reporting by Charities" (FRS102) in pjrparing the annual report amd fjnancial statemcnts ofthe Charity. Stru¢ture. governance £nd management The Scqual Thsst evolved from th¢ "Possum use AsSOCiAtion" which was founded in 1969 by a group L)f 5ev¢rely disabl peoplc who were detemiined to prove that the lack of ¢oherent speech and limii¢d facial expression did not mean lack nf intelligence. Sitjce thai date, the rapid advancemeni of technolo has made it possible to provide t4uipm¢nt which give8 a mcan5 of C0MUnICation Jjid thereforc greater independence to In¢Y people with comtnwiication dirriculties arJ<Vor r&%tricted physical ability. 'rhc charity w&8 tabliShed by a charitable tst deed. as amended on l February 2003 which rnay be exer¢ised only to promote charitsble objects. The SL4ual"I'rust is govemed by a team of Trumees. electcd at fhe AGM. All notnin&tiODs for the appoinknent of & trusieethip must be made to ihe governing body of Tn]sttts and is opcn to all members of The Sequal Trusi. The Trustets who served during the year weTC'. Jackie Chcctham Nigel Driver (died I" Febary 2024) Keith Ford Patricia Rcdfem Jererny Sowter The Tntstccs are in regularcon5u)tation with lh¢ Chief Executive Ol¢Crad the Finance OITiccr to review financial matters and to over5c¢ the general day to day running of the charity. As half of the-Irustees themselvcs have some disability, meetings and therefore trdvel are kept to a minimutn. Four meetings a year are held includin8 the AGM 11 there is a regular line of contsct with the office to ¢nsure any matters whieh need their attention in the intervals between me¢tin8s Can be dealt with. 'lThe Tnjstees have asse&se41 th¢ major risks lo which the charity is expos1 atkd are satisfied that Systems are in place to Initigate exposure to the%e risks. Objective5 and actlvities The charity's main nhjective is to provide relicf io anyone who 15 SeveIY disabl and depends oti electronic communi¢ati4)n aids to alleviaie their disability. The aim of th¢ iharity is to fi]ndraise to provide communi¢ation aids for severely disabled people to promote independence and to enable eaGh person to reach his or her full potential. The Scqual Trnsi is mernber5hip iwed and open to disabled people of 11 age5 arhd from all social and culwTal backgr(M]nds. Funds are rdiSed from general and SIfiC donations, legacies, and inv¢5tment itt¢om¢. Public BeDefil Requirement The Trustees Confimi that the public benefrt guidan¢¢ giverj by the Charity Cominission has been adhered io in the activities undertaken durin¥ the year irt line with The Charities Act 2011. Electronic ¢quipmeni has ixen provided which has been beneficial to members who bave communication problem% and this help has been available to any member of th¢ public throughout th¢ UK who has difficulty in communicating in nnc fom or another. Page I
THE SEQUAL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024- (continued) Review of the Year It has been a busy ycar iti the life of The Sequal Tmst, and a year of change for Trustce5 and for aff. We lost our Chairman. Rob CiarK last year and he LS very much mi&sed by everyonE. Jackie Cheetham voted in as th¢ new Chair and ha5 done an amazing job of filling Rob's shoes. Jackie fu5t became aware of Sequal almos¢ 30 ye?S ago. when her dau8hter14annah, who was then 4 y¢ars old, w&s Provided with Communiln ¢quipmeni by th¢ ¢harity. Jackie has been a trustee for many year5 now and her understanding of the problems encountered by a family with a child having a dis&bility ur¢ second to none. Jackie and her f8mily are brilliant 8mbassadoTS for The Sequal Trust the Prence of her daughters, Hannah and Becky laka Cheethamswithdregmsl atthe disability roadshows we attend draw a crowd of theirtik-tok follower5 to our5thnd and really give a mc5sage of positivity to our tnembers. Sadly, we losi anoth¢T T1¢¢ this y¢ar when Nigel Driver passed away in February. Nigel also was a long time member of gequal, and used his lightwriter to enable him io communicat¢. Nigel was a Trustee for many years and had a remdtkable insighi intodealingwith communicati(m problem8 and.%iill managing to live a fi]11 lifr. Nigel's family have been staunch supporters of Sequal and we uut heart fell sympathies to them. Nigel will be %adly missed by his fellow Trustees and by all the Staff. In the ol¢t. our Chan"ty Maner of 23 year5, Liz Downcs, deLId thal the time was right for A well earned tetirement. We thank Liz for her exetnplary service to The Seoual Trust and wish her all the best for hrr Te¢iremenL Another long sejving ¢mployee, CaToI FritTiths, also retired during the year and we also wish her a long and happy TttiToment. Obviously both Liz and Carol are Yery much misse(L but Meryl PaT50ns has done a fabulous job of keeping everything n]nning smoothly in the office. with th¢ hclp of new employ¢es, Jenny Edge and Clare 0. Therc is a 8IM)d feellng of p051tivity and working to¥ether for the benefit of Sequal, and also for the members we are helping by Tunning campaigns to provide to finance the CommunitiOn equiprnent they need to 1rnprO their qualily of life. During the year, we have provided communiution aids for 40 of our rnember5 at a c05t of £125.000. The age of th¢ people we h¢lp rang¢s from the v¢ry youn8 to the very old, and the people we have helped are spread throughout the IJK. The Lquipment wc fundraisc foralso varies considerably from an iPad with speech softwar¢ at the bottom end of the finan¢sal range w a full eye gaze system at the lop end of the scal¢. Everyonc hay different needs, atKI it is important io have th¢ ¢ommwiication equipment that is right for the person. The people we help have already tried the NFIS route bui unfortunately thc NHS budget is not $uffJci¢nt to provide ev¢ryone with what they need. hnd this is where we step in 10 help. Referrdls are somdimes passed on by individual'5 Speech language thEfdpisW sometimes from the schwl they are attendin& sometimes from families who have seen us at one of the Disability Roadshows we attend, seen our2dverhsements. or looked at our website. We tyto help everyone who is eligible, and <hough we advisc at the stsrt of a campaign that we cannot PTomis¢ a quick-fix answer as we nccd (o rnise the funds before we can purchase the equipmenL, we do undertake to do whatever we can to cnsure that ople do not h8Y¢ to wair too long to get the special equipment thcy nccd to enable them to have thc means of communtcation. We rely totally on the generosity of our donors w fund the equipment we suppty. Many of these are long temi SUF*)Orter8, but we are cor15tantly looking out for new organisations to help us fjnancially. Some of nur donors arc listed on the back of this report, and s(yme do not wish to be identified. but we would like to say a huge thank you to all grdnt giving organisations and individuals who have helped us ov¢rthis year, 8nd in previous years.. Also thanksto anyone who hd& remembered u5 by making a bequest in their will. With your help w¢ are abl¢ to continue providin8 people of all ages all over the UK with ¢ommwJication cquipmentto givethcm a voice, the ability to furthertheir educaiion. 'speak' with family and friends. and to follow theirdreams. Thank you to our Presideni, Nigel Havers, and also to all of our Patrons for their continued support. It is really appreciated that you spend your valuable time in promoting The 8equal Trust. We have been providing cnmmuni¢aiion cquipment to change lives for over 50 y¢ars now. and with the guidance of our Patrons, thL ¥nthuSiabTll vfi?UF Statrod fjnaniiuj h¥lp vfuui l&uppvrl¥ts, we inLeiLd iv u)iJiuiu¢ JoiJi8 this wliil¢ th¢r¢ ¢s still a nccd. At the end of our financial yw we still have a waiting list of 19 peopl¢ eagerly awaiting the equipment that will give them thc means to communicate. The shopping lisi for this is £65k and we are working hard to get these funds in so thai the equipment can be order. As our late patrofy Professor Stephen Hawking said."However diffJ¢ult life may see, there is alway5 50methiug you can do and succeed at. Look up at the Stars and not down at your feetll We at The Sequal TTUSt are detemiined to help you to fjnd the star4 alld to provide th¢ means to help you to succeed in life. Page 2
THE SEQUAL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024- (continued) Flnancial Review Totai income of The Sequal Tn]st for the yeaT £149.755 12023.. £170,294), made up of donations of £125,659 (2ff23.' £125.3831. legleS were £1,303 (2023.. £22,831), subscription5 of £1,384 (2023.. £1,386), investment income of£21,349 {225.. £20.694). Charitable expenditure for the year wa5 £174,55512023.. £183,326) of which £125,620 spent oll cquipment for members (2023.. £130,930). Costs of geneTatin8 funds totalled £30,986 (2023= £30.482) and governance c05t5 totalled £1,215 (2023.. £1201}. Overall total expenditure was £206,7561202J £215,009), r¢5ulting in a defiLlt for the year of £57,001 {2023.' defscit of £44,715). The defLCIt in the year was fi]nded by the sale of part of OUT ¢ndowm¢nt fund. as agreed by the-l rustees in advance. ts) provide commuDication devices to Jnembers on our wkiting list. The Robert Bowell F.ndowment Fund was set up ui the 19905 lo provide a guaranteed incomc tD cover our general overheads and therefore ensure the continuance of th¢ charity. Th¢ Tn]stee5 regularly review the fid'S iThvestsnents to Satisfy themselves Ihat the best decisions are being made and th¢ rern maximised. Thanks to tight control, ¢osts of generating funds have been kept to a minimurn. but bEC&iuse ofthe level of invesunent retum, it has not been possible t(Tr finance this expense entirely inv¢slmenl income for quite a ftw year5. As detailed in the above paragraph. the Trnst¢¢s decided this year to reali5e approximately £50.OIMJ from the fund to fJn8nee equipment needed by m¢mbers on vur waiting list As a re5uIL ihe fund's investments decreased in value in theyearby £49,947,but increase in the valuation of iThvestments held ai they¢ar end of£1 1,406 make an overdll reduction ID valu¢ of £38.541 £489.318. A5 at 31 March 2024 we are holding £24,459 (2023.. £30,612) on behalf of Member5, pcnding ¢ornpletion of fvndrai3in& trials. furthcr as5es5tnents or delivery of equipment. 'Ihis is made up of transfers from general donations of £15.334 received hy Sequ#l and allocated for fulure provision of communicalion devices for mem1r5. and £9,125 received for specific ca& and held uThtil fundraising has been complcied. All thes¢ atnounts will be used to purchase equiprnent for Tlleinbers in th¢ next financial year. Plans for the Future We pledgc to our members that we will.. raise funds as sp¢edily as we can to provide c¢)mmunic8uon equiprnentto as many peopl¢ as we can who so desperately n¢¢d our help; $upwrt mcTnbers through our exenCed office stsff and provide a caring, helpful voice at thc cnd of the phone. reach out and h¢lp as many people as we call and so improve their quality of life and give personal fulfilment. aTLd fight against pr¢judice discrimination and allow disabl people to rtach their 1] potential. There ate 50 many mean5 of communication, and there is equipment to help everyone, no matterwhat theirnceds. At The Sequal TNst w¢ intend to do all we can 10 ¥ive tveryone th¢ b&8ic right to communicatr and to set lively minds freel Golng COD¢er Members continue to be helped on a lim¢ly basis and the rcalisation of approxllnately I of the endowment fund does not affect thc going ¢oncem ofthe charity. The TN5*¢s we confident ihai Th¢ Sequal Trust will be able to meet iLS futyT¢ fmancial obligation8 and continue to h¢lp membets as and when needEd. On behalf of the board of Tn]stecs Ja¢kie Cheetham Trustee Page 3
THE SEQUAL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SEQUAL TRUST I rcport the accounts of the ¢harity for the year ended 31 Mah 2024. which are set out on pages 5 to 13. Respective responsibilltieB of Trustees and Exminer As the charity's Tru5te¢5, you are responsibl¢ for the prcpardtion of the accounts,. you consider that the audit r¢quirEment of section 144(2) of the Charities Act 2011 (the 2011 Act) does not apply. It ig my spOnsibl[1ty to.. examine the ac¢ounts under section 145 of the 2011 Act- follow thE procrdures laid down in ihe General Directions giY¢n by the Charity Cornmisqion under section 145(5)Ib) of the 2011 Act- and State whether particular mattets have come to Tny attention. BASIS of Independent Examiller's report My examinatioll was Cltdout in a¢cordanrK wÉth the General Directions giY¢D by the Charity Commissioners. An examination include5 a reYi¢w of the accounting records kept by th¢ charity and a comparison of thc accowits presented with thosc rccords. It also includes consideration of any unusual items nr disclosuTCS in the account5 and seeking explanation5 from you as TnLStee concerning any such matters. The PTocedures undertaken do not provide all the evidence thai would be r¢quired in an audFt, and consequently I do not express an audit opinion on th¢ view given by the a¢countS. Independertt Examlner'g Sttemenl In connection with my examinatioft, no matter has come to my att¢ntion'. which gives me reasonable cause to believe that in any terial respect the reqUIrcnts'. to keep accounting records in accordance with section 130 of th¢ 2011 Act,. and (o prepare accounts whieh accord with the a(Unling re((d5 and to comply with the accounting requirements of ¢he 201 l Act,. have not be¢Tr met,. or to whith, in Jny opinioE4 attention should be drdwn in order to enable a proper undeEStonding of the accouDlS to be reached. Andrew Clarke (FCA) Morris Cfy)k 6 Salop Road Oswestry Shropshire SYII 2NU Doled Lc4 Page 4
THE SEQUAL TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Notes Unrestrieted rund5 Restricted EDdowrncrtt funds funds Total 2024 Totsl 2023 Ineomin res0r¢¢ from ejhernted fuDdi Donations and legacies Subscripiions Investment ineome 42,)0 84J32 127,022 lJ84 21J49 148,214 1,386 20,694 829 75 2445 84,407 20,445 149.755 170,294 R¢snurc Costs of geDer&tirng funds Costs of generating donations and legacies 30,986 311,986 30,482 Ch8rit#ble *cdvltles Charithble expenditure 48.935 125,620 174555 183.326 GoverYÈance costs 1315 13is 1,201 Total re50urce5 expended 81.136 125,620 20&750 215.IX)9 Net iTr¢omingl{outgolng) resollrces before trdD5fers (36,233) (41,213 20,445 ($7,W)l) 144,715) Nct transfer5 between funds 10 3SJ31 35.(160 (70J91) Net incomingl{outgoin%) r¢snurce5 Other rtc(ryni5ed gain$ and 10sse5 Net realiscd gains11105ses) on investment &ssets {W2) (fi153) {49946) (57,(Kll) (44,715) Nei unrealised gain5 1 (losse5) on illve5tsnenr S5ets 11,406 11,406 (26255) Net mowwneDt ID funds (902) (6.153) (3&540) (45,S95) (70,9701 Fund balatt¢cs at l April 2023 41138 30,612 527,859 60J,609 672,579 Fund balanc£8 at 31 MAr¢h 2024 42.236 24.459 489,319 556,014 601,fA)9 Pagc 5
THE SEQUAL TRUST BALANCE SHEET AS AT 31 MARCH 2024 Notss 2024 Fixed asxts Tangible assets 1.072 Investtnentg 12 $18J24 556.441 519,132 557,513 Current assets Debtors 13 5.746 3.574 Cash at bank and hand 36J45 46,333 42,091 49,907 Credilor$: amounts falling due within one Y¢ar 14 (5209) 15,811) Net Current assets 36082 Total asscts less current li*biliti¢s 556,014 601.609 Capitsl fund FdOWMent hnds Is 489J19 527,859 Ineomc funds Restricted funds 16 24,459 30,612 Unr¢stricted fund$ 42336 43,138 556,014 601,609 The accounts were appmved by th¢ Trustres on Jackie Ch¢etham Twstee Page 6
THE SEQUAL TRUST NOTES TO THE ACCOUNTS FOR THE YEAR EIYDED 31 lARCH 2024 Accounting polities B&5i4 of preparntion -nEe account8 have prepared under th¢ historical c05t ¢ODvention, 8nd then mliFlEd io in¢lud¢ gifted investments at market value at time of receiW investments on the bdunce sheet revalued to ]nati Yalue ai each balance sheet date. Thesc accounts have been prepared in accordaD¢e with the Ststement of Recommended Prnctic¢'. A¢wunting and R¢porting by Charities preparing their 2ccount&' in accordance with the Financial Rcporting Stalldard applicablc in the UK and R¢public of Ireland {FRS102) issued on 16 July 2014 and with the l-'inancial Reporting Standk)rd applicable in the United Kin¥dom and Kepublic of Ireland {FR5102) and Charlties Act 2011. The charity con5tilule$ a public benefit entity as defined by FRS 102. The charity has tdken advanra8e of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepar¢ & Statemeni of Cash Flows. In¢oming re50uret5 Incorning resources ftom endowtnent funds i.¢.. investhient income, i5 unrestricted and transferred to unrestricted nds. All incoming re50urccs we included in the Sthtcment of I'inancial Activitics when the Charity is legally entitled to the income and th¢ amount co be Quantified with reasonable accuracy. Gcneral Donations include C¢)0te and indivhjual donaliot]5, gift aid aDd tsx reciaitncd. Specific Donations represent monies raised specifically for the provision of ¢quiprneDt for individual rnembcrs. Life gubseriptions are recognised as incomin8 resources over a ten-year period, on a str&i8ht.line basis. ResouTeeg expended All expendiwre 13 acctsuntrd for on Èn acctwais basis and has been ClalfIed under heading5 that aggregate all costs related to that cat¢gory. T*Nglbk fixed y4ets deprecialion 'rangible fixed asscis are staled at cost less depreciation. Depreciation is provided ai Nes calculated to write i)ff thc co.%t Ic5s estimated residual value of each asset over it5 expected useful life. as follows.. Fixwres. fittings & eouipm¢nt IOYO Strnight-line InvL¥tment$ Investments are valued ai marker at the balance 5h¢et date. Ateurnul&ied fllnds The charity has one capital fvnd aDd two income nds. The capital fund 1$ made up of Thc Robert Bowell Endowment Fund. It wa5 set up io maintain the long-t¢nn futhre of The SequaS Trust. Thc aim i5 that it reallS sufficient incorne to cover administration eosts and non-¢htable expenditure. Tht income received theretQTC is transferred to unrcstricted nd5. The Iwo inwme funds are a resiricted nd and an unrestricted fvnd. Thr Stricted fund represents monies raised froTn specific donations, sp¢cifi¢ally for the provision of equipment for individual ]nember5 and ¢herefore only used for thi5 purpose. The unrestricted liind represents the retnaining balaDce of the funth ofthe charity. Page 7
THE SEQUAL TRUST NOTES TO THE ACCOUNTS- (¢ontinued) FOR THE YEAR FNDED 31 MARCH 2024 Golng eon¢er Th¢ Coronllviru$ pandemie has affected ihe way thai The Se9ual TNst operates. Its ability to hclp rnernbers i& in paTL deierniineA by the level of donation5 and legacie8 reccived. There has been a fall in donations, bllt it 15 hoped ihai these will.%tart to pick up. At present, mernbets continue to be h¢lped on & timcly b&sis. The Trnsiees are confident that The Sequal Trust will b¢ able t(Tr meet its fi]turc financial obligations and c¢miinu¢ to help ]TtembeFS ag and when n¢¢ded. On this basi4 they believe the going collc¢rn basis is approprtate. Dtsnallons alld legacles Unres¢rlcted lund$ R£strieted Tot81 21)24 Total 2023 Donation5 and gifts 42,6 114J32 127,022 148,214 Donatlon5 gifts 2024 223 Unrestricted funds.. (TeneTal donations 39,060 lJ63 1380 987 29.911 22,831 985 Bequests Gift aid t&x reclaimed 100 Club income 748 42.690 54,475 Sub$eription$ 2024 2023 Ordinary sub8criptiollS Life membership iJ84 1.386 iJ84 l J86 Investm¢nl income Unr¢strict¢d funds Restrieted Endowment fuTrds rund5 Total 2024 Total 2023 Incotne frofft listed invesunents 20,445 20,445 904 20.401 Interest receivable 829 75 293 829 75 20,445 21J49 20,694 Pag¢ 8
THE SEQUAL TRUST NOTES TO THE ACCOUNTS- (wntinued) FOR THE YEAR ENDED 31 hIARCH 2024 Resources expended Depreciatio SIAff Costs Other costs Total 2024 Total 2023 Costs of gentrating fund5 Costs of generating donations and legacies Charilable aclivilies 264 16384 14,138 30.986 30,4f2 Chorliable Lypendlture Activities undertaken direcily Gov¢rn8n¢¢ ¢osts 33,168 141 J87 1,215 174,555 1,215 183,326 1,201 264 49,752 156,740 206.756 215,009 Costs of g¢n¢ratlttE donatlon5 and kgaeies 2024 2023 Olher costs compn"se.' Rent, rates & electricity IDsurance 7,IM8 372 2976 7,325 409 Printitig and stauonery Postage and carriage Telephone Committee expcnse5 Committee tneetiRgs cosL Administrative expenses Sundry expenses 2,881 25 351 599 364 66S 195 412 120 796 362 919 1,065 14.138 12.746 Page 9
THE SEQUAL TRUST NOTES TO THE ACCOUNTS_ (eontinued) FOR THE YEAR ENDED 31 MARCH 2024 Aetivities undcrtakcn directly 2024 2023 Olliercosts relallng th eh&rlt&ble wthdli4re comprtse.. Inforn)ation materials 12.312 130,930 5,276 Equipment purch&scs R¢pairs to equipment 125,620 4J34 141,387 148,518 Trustees None of the Trustees received any remuneration during the year. The Truslee4 together with ¢onnecttd persons. had -imbursed expenses of £665 (2023.. £1951. Employees Number ofemployec5 2024 Nwmbtr 2023 Numb The average monthly number of employees during the year w&s'. Managemeni and Administration staff Employment costs 2024 2023 Wages and salaries 49.752 52,212 There We no employees whose annual emolument5 were £60,OIX) or more. 10. Tran8fers TransfLYs have bcen made between the fijnds during the year. Inv¢stsrtent income of £20,%69 has been transfcrred to general funds. Unrestricted funds of£35.060 hav¢ bccn 1rdnsfCcdt9 str]rt¢d funds. these funds are released to ¢ov¢r the purchase of equipment n(rt fijnded by specific donations. Page 10
THE SEQUAL TRUST IYOTES TO THE ACCOUNTS - Icontinutd) FOR THE YFAR ENDED 31 ffvlARCH 2024 Ta8]ble fi%¢d assets Flxtures, fittings & eqwipment Cost At l April 2023 Additions Disposals 3.293 Ai31 Miryb 2024 3293 Depreclatlon At l April 2023 Disposals Charg¢ for the year 2221 264 At 31 March 2024 1485 Net book value At JI March 2024 At 31 March ?023 1.072 12. Flxed asset ittvestments Markei value at l April 2023 Decrease in investments Change in value in the year 556,441 (49,523) 11,41)6 M8rk¢t value 1¢ 31 Moreh 2024 518J24 13. Debtor5 2024 2023 Prepayments and accrued income 5,746 3.574 5,746 3.574 Page 11
THE SEQUAL TRUST NOTES TO THE ACCOUNTS- (cory¢iny¢d) FOR THE YEAR ENDED 31 MARCH 2024 14. Creditors: 8JDounts falllng due withÉtk one year 21124 2023 Other c110r Accruals S27 2.003 3,808 4.682 5,811 15. EThdowmeNt funds Movement funds R¢s0re¢S Trnnsfen expended Balan¢e at l April 2023 Incomin¥ r¢wurce5 IDve5tmeDt gains I 105ses Balante a¢ 31 March 2024 The Robert Bowell Endovment M&G Chaxibond M&G Cknarifid CAF Bond Income Fund 83,786 178,885 77,084 188,104 3.835 8,377 412 919 37,232 162.466) (75,1281 1185,406) (3,835) (8,377) 1412} (919) (4,422) 490 (1.956) (2,698) 116,596 116,909 CAF UK Equity Growth IFSL CAF ESG 6.902 235,821 (6,902) 19.992 255.813 527,859 20,445 49,947 {20.445) 11,406 489J18 16. Tru$tee$ The in¢om¢ ndS of the charity include restricted funds comprising the following unexpEnded balances of donati¢y]5 and grants held om trust for specifL¢ PUry4)se%.' Mov¢ment in funds Infoming Resourees resources exp¢Dded Bal8n¢¢ at l Aprll 21123 Transfer8 ¥ains I 105ses Balance at 31 March 2024 Specifjc bank account 30,612 84.407 1125,620) 35,060 24,459 Page 12
THE SEQUAL TRUST NOTES TO THE ACCOUNTS_ (continued) FOR THE YEAR F.NDED 31 MARCH 2024 Analysls ofnet 85sets between fvnd$ Unrestricted funds Restrieted FndoY4rnent funds funds T(>tal 2024 bulanres &13J March 2023 ore rqJr£¥elliedby.' Tangible fixed assets Inv¢stments cUent assets Creditors-. amounLS falling due within one year 808 29.006 17,632 {5,209} 489.318 518J24 42,092 (5J09) 24.459 42337 24.459 489J18 556,014 Net 4rtreallsedgalu.i / fl¢weF) Included abo Investments 91.973 91.973 91,973 91,973 Reconculolivn ttf movements In unTe41$I(l0sSts) Net untea]ised gains at l April 2023 Net realiscd gains i (losses) in year Nel unreali%d gains J (losscs) in year 80.992 10,981 10,981 Net urtrexlistd g&iDs at 31 Mah 2024 91,973 91,973 Pagc 13