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 EX￿￿tlY¢ 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 C0￿MUnICation 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 t￿st 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" Feb￿ary 2024)
Keith Ford
Patricia Rcdfem
Jererny Sowter
The Tntstccs are in regularcon5u)tation with lh¢ Chief Executive O￿l¢Cra￿d 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 expos￿1 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 Seve￿IY 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 S￿IfiC 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 Communi￿l￿n ¢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 Pr￿ence 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 T￿￿1¢¢ 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 o￿l¢t. our Chan"ty Man￿er 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 Communi￿tiOn 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 &lthough 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 Statro￿d 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. leg￿leS were £1,303 (2023.. £22,831), subscription5 of £1,384 (2023.. £1,386), investment income of£21,349
{2￿25.. £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 fi￿d'S iThvestsnents to Satisfy themselves
Ihat the best decisions are being made and th¢ re￿rn 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 mem1￿r5. 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 ex￿￿enCed 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 Ma￿h 2024. which are set out on pages 5 to 13.
Respective responsibilltieB of Trustees and Ex*miner
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 C￿ltdout 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 St*temenl
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 reqUIr￿cnts'.
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
res0￿r¢¢￿ from
ejhernted fuDdi
Donations and legacies
Subscripiions
Investment ineome
42,￿)0
84J32
127,022
lJ84
21J49
148,214
1,386
20,694
829
75
2￿445
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
F￿dOWMent 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 m￿liFlEd io in¢lud¢ gifted investments
at market value at time of receiW investments on the bdunce sheet revalued to ]na￿ti 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¢)￿0￿￿te 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 Cla￿lfIed under heading5 that aggregate all costs
related to that cat¢gory.
T*Nglbk fixed y4￿ets 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 reall￿S sufficient incorne to
cover administration eosts and non-¢h￿table 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
2￿23
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 1rdnsfC￿cdt9 ￿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
Ta￿8]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 c￿￿110r
Accruals
S27
2.003
3,808
4.682
5,811
15.
EThdowmeNt funds
Movement funds
R¢s0￿re¢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 Cknarifi￿d
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
cU￿ent 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 unT￿￿e￿￿41￿$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 Ma￿h 2024
91,973
91,973
Pagc 13