THE SEQUAL TRUST TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
THE SEQUAL TRUST LÈGAL AND ADIVllNiSTRATIVE IIYFORMATION TTUStees Ja(kie Cheeth8m Be¢ky Cheetham (appoirted J5th October 2024} Keith Ford Patricia Redfern Jeremy SowteT Jackie Cheetham Chief Executive Officer Judy Ford Charity number 260119 Principal address 2¢ WharfRoad Eilesmerc Sbropsbire SY12 OEL dependenl Exatniner Morrffts Cook 6 Salop Ro&1 Oswestry shrOp&hre SYII 2NU Bank¢ CAF Bank L 25 Kings Hill Avenue Kings Hill Weyt Malling ME194JQ Solicitors martine Johnson No. I Colmore Square Birmingham B4 6AA
THE SEQUAL TRUST CONfEiYrs Page Independent Examiner's r¢port Staietnent of fjnall¢ial activities Ba1ce sheet Notes to the accounts 7-13
THE SEQUAL TRUST TRUSTEES. REPORT FOR THE YEAR EiYDED 31 MARCH 2025 The Trustees present ther report and accowits for the yE4f ¢Dded 31 March 2025. The thte¢S bave adopted the provisions of the StBtem¢nt of Recommended Practice (SORP) "Accounting and Reporting by C]wit1, (FRS102) in pr¢paring the annual report and financial statements of the thity. Struthre* governsnee and maDggemtnt The S¢qua] Trust evolved frwD the 'gosswn U5CTS Association" which was founded in 1969 by a wup of severely disabled people who were deterniined to PTove that the lack of Cohere speech and limited facial expression did not mean lack of iTrtelligenee. Since that date, the rapid advancem¢nt of technology bas made il po&qible to provide equipnent which gives a means of comrnunicat&on and thEr¢fore greater independence to rnany F¢ople with wmrnunication difficulties 8ndlor restricted physical ability. The chèrity was established by a charitable trw dwl, as amended on l February 2(K)3 whith may be exercised only to Fromote charitable objects. The Sequal Tst is governed by a team of TNste¢4 el¢cled at the AGM. All nominations for the app)intsnent of a tru5teethip must be made to tbe gov¢rning i)dY of Thistees alld is open to ail members of The Sequal TrusL The Trustees who serv&1 dwingthe year were.. -Ja¢kie Cheetham Becky Che¢tham (¢wp0¢d J5" Odober2024) Keith Ford Patricia Redftrn Jeremy Sowter The Trustees are An ffgular consultstion wtth the Chief Exeiyjtive Officer and the Finance (lfficertoyeview financial matters and to ove¢ the generni day to day nthlling of the charity. As some of the Trnstees thern$elves have some disability. rne4Èngs and therefore trayel are kept to a minimuTh. Four meetings a year 2Tt held including the AGM thLT¢ is a regular line of ¢ontsci with the Offi to ensure that any matters which Deed their attentiott in the intffllals between me#illg5 can dealt with. The Twstees have &ss¢ssed the major risks to whi¢h the charity is eXsed and are 5ati5fied that systems a in pl¢ to mitigat¢ exposure to these risk5. Objeetlves and actlvitie8 The clwitys nydin objective is to provide r¢lief io anyone who is severely disabled and dep¢nds on electronic communication Jids to allevlate their disability. The aim of the charity is to fimdrnise io provith communicatii)Th aidy for severely disabled people to promote IndendenCe and to enable Ftrson to reach his or her fvll potential. The Sequ41 TTUSt is memb¢rship baged and open to dis&bled p¢ople of All agcs and from all social and cultur41 bkground5. Funds are raised from geneTal and sp¢cifi¢ donations, legacies, and inveslment tnwme. Public Bejjefit Requlr¢rn¢nt The Thstee8 ¢onfm ihat the public bfflefit guidance given by the Chartty Commission h&4 becn thrwj to in the Wivilies undertaken during the year in line with The CharÈties Act 201 l. Electronic equipment has been provided which has been beneficial to n)emb¢rs who have communication and this h¢lp ha5 been available to any member of the public throughout the UK who has difficulty in communicating in one form or anolhw. Pe1
THE SEQUAL TRUST TRUSTEES? REPORT FOR THE YEAR ENDED 31 IVIARCH 2025_ (conlinued) Revlew ofthe Yer The remit of The S¢qual TnJ5t is to pry>vide ¢lectronic communication equipment to children and adults throughout the UK who re wiable to get this vitsl ¢quipment from their local health authority. There is a limited budget allocat by NHS EDgknd and other authorilies. and this is simply not enough to provide everyone with th¢ d¢vi¢es that th¢y n¢ed to enable them to ommuni&ite. Sequal (special equipment for aids and living) step8 where people are advisod by the state that there is no fimding available for them. We open a c&$¢ for eh applicanl built up with personal dd¥ils about the petxon needing help, their living environrnenL and a recommendation frorn their heahh care professional as to the specific comrnunicatÉon d¢vi¢¢ required foT that indsvidual. Nvhen we hav¢ a]1 the ]nforntIOn neede we apwo8ch various grant giving organisations and other cthtacts in the applicant's locality aDd liaise with family to rwse specific donation forthe eqllip¢nt rornMend. Somrfitn¢s we manage io get Cases funded quickty but the proce&8, especialty for the more sophisticthd speech aids. tsk¢ several months and we do advise each applicant that this is th¢ case. If we do not manage to get the Quired funds within 6 months we will do a'lop up" from our general donations. should these be 5ufficicnt. We have n¢v¢r failwj to provide equipment when we have taken on a case ond are Yery proud that in this fmancial yeor w¢ h¥4ve provided equipment lo 54 people at a e05t of £161k Once the equipment h&8 be¢ll delivered to the m¢mbeT Stjll k¢¢p in touch and members will call if any Tepairs are neede or if an upgrnde 1$ neede The t90latio fnlon and loneliness of not bein8 abl¢ to communicate is hard to imagine and by pn)viding this ability w make a huge difference to the person w¢ are helping and their farnily. It can giv¢ the ability to help ppIt to advanct their educatio PUTsue a career, inteTact with other& Also, it can enable someone to be able lo CoTnmwJite their wishes and e¢(ts to family members and friend8. whicb is something most of us tske for granted. Th¢ respLYAses w¢ get from MnberS and their families advising the diff¢rence the ability to coryuDunicate has made to their lives is mind blowing, and il is lovely whe ow stsff at disability roadshows get avisit from Somne they hay¢ helpedand are be abkto seehow their life h&s improved because ofthis. Our staff in the office are very empatheti¢ andare always hclpful and understandingof th¢ problems ¢n¢ountered by our members. Fach one takes on illdividual cases so that th¢ Member has continual Support, and tsk¢ 8 perwnal interest in their cases aod do thEir upmost to rdise the money needed to provide the 4uipmenL We rely totally on the generosity of our donors to fund the equipment w¢ stwly. Many of the are long terni supporters, but we are constantty Iking out for new organisations to help us financially. We would like to say a hug¢ thank you to all of our SUPPOrters who have helt%d us over this year and in previous years. Also, thanks to anyome who h&8 remembered us by tnaking a bequest in their will. We bave done well with lega¢ies tbis year, receiviug a rec(rd total of £12IK and would like to thankthe people who have remembered us in this way. With YO help we can continu¢ wovidtng wple of all ages All over the UK with commullication equipm¢nl to give them a voice. the ability to further their education. intera¢t with family and frien(Ls, and to follow their dreams. A huge thank you to all our TTUStee4 many of whom have rst hand expertence of living with or alonggide someone who has. cotmnun1llOn problem. We are delighie41 to have reulli a new Trustee this y¢ar. Becky Cheetham. Becky is a qualified nurse, and Ong with her sister Hal8, nm$ the TikTok site 'Cheetham5 with tkeams,. This shows videos show¢asing the difficulties experienced by Hannah, who has cerebTal pa]sy is non-verba]. and how these problems are overcom& It has 2.3 million follow¢r4 manyof wknm have simi]ar issues, and is very positive ld thows iospirational footsge of Hannah and Becky explorll and enjoying life. They have both attained celebrity stAtll8 wjd are much loved and admired by their followers and Sequal feels very lucty to them on Ixjard. Thank you also to our lknsideni, Nigel Haver4 and to all of our Patrons. It is really appreciated that YOU byend your valuable time promoting The seq81 ThtsL At our year end we have a waiting list of memlxts eageily aitIng provision of lif¢ changing communi¢a¢ion ¢quipm¢nl and are committed to provide these 18 soon as we can. With the guidatkce of our palT(xis and tsitstees, the deterniination of our staff and the financial 511PP)rt of our donors we will continue in ourmission to give a voice to ev¢ryon¢ and enY4bleall of ourexisting and fithwe members to have 'a voic¢, and the me8ns to express themselves. Page 2
THE SEQUAL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025- (conlinued) Fine141 Revlew Total income of The Sequal Tn]st for the year was £329,197 {2024: £149.755), rn¢ up of donations of £188234 (2024.. £125.659). legacies were £121.329 (2024: £1.363k subscriptions of £0 (2024: £1 J84), inve$tsnent income of £19.634 {2024.. £21,349). Charilable expendilure for the year was £209,259 {2024.. £174,555) of which £161.423 wa5 Snt on equipment for member& includtng repairs. (2024.. £129,954). Costs of generating fim(ts totalled £32,650 (2024.. £30.986) and governance costs totslled £1.255 (2024: £1215). OveLzII total expenditure was £243.16412024: £206,756), resulting in a surphLS for the year of £86,033 {2024.. deftcit of £57,001). The Robert Bowell Endowmeut Fund w&% set up in the 1990s to provide A gu4rantttd income to cover our general ovethe4d8 and therefore enswe the ¢olltinuance of the charity. The Ttustees re8ul&rly review the fia'S investments to satisfy thems¢lv¢$ thai the best decisions atE being made 8n(t the T¢lurn m&Kimise¢l Thanks fo tight control, costs of gen(rtang funds have iK¢n kept to a minimum. but be¢ause of tbe leY¢l of inv¢stment retum, it h&s nrt been possible to finance this expense entirely from investment incottte for quite a few years. As of 31 March 2025 we are holding £l13.237 (2024.. £24.459) on behalf of member4 £38,237 of which relates to pending completion of fitndraising, trials, further aseMentS or delivery of equipTrt. This is made up of trwsf¢TS from general dOnlon5 of £34,610 received by Sequt41 and located for ll)re provision of communication device5 formembers. and £3,627 ,xeivcd forspecific case5 and helduntil fi]ndrnising has beett ¢ompleted' and £75,(K>O inv¢5ted in Scottish Widow5 r¢pres¢nting -the proportion of legacies re¢eived in the yeardesignatrd $Frtifi¢a]ly to purch&8e of equiExnent formembus. All these aTDoun¢s will be used to purchase equipment for membeTS in the next financial year. Plans for the Futsre We pledge tL) our Mbets that we will.. r&ise fjjnds as speedily as we to provide communication equipmentto &$ many people as we can who $0 desperately need our help" support mornber5 thro oUreXperienc otTice staff and pmvide a Carg, helpful voice ut th¢ ¢nd ofthe phone. i and hclp as many ppIe as we Can alld so imwove their qllality of life and give thlf]knenL and fight against prejudi¢e and discrimtnation and allow disabled people to rea¢h their full potential. There are so many meansof ¢rMTr)muni¢ation. and tbere is equipmentiohelp everyone, no nTrAtter whattheirneeds. AtThe Sequal Trust we intend to do au w¢ can to give everyone the basic right to ¢0mM1(ate and to sd lively minds freel Golng concern embers continueto be helpedon atitnety b&si& The Trnstees are confidtthal The Sequal Trnstwill be able to meet its futhTt financial obligations and ¢(Kttinu¢ to help metllbers &% ond when needed. b¢ha]f of the board of Tne8 Jackie Cheetham Tte¢ 14th October 2025 Page 3
THE SEQUAL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SEQUAL TRUST I report on 1he a¢cA)ts of the charity for the year ended 31 Marrh 2025, whith ar¢ s¢t out on pages 5 to 13. R¢spfftÉve re8ponslbUitl¢y of Trus¢tts and EmIller As the charity's you are responsible tr the prepThtion of the accounts" Y ¢ODsider that the audit tEquirement of section 144(2) of the Charities Act 2011 (the 2011 Act) does nol apply. It is ]ny re5pofJsAbAlity to.. examine th¢ accounts uTrJer sectiim 145 of the 2011 Ac¢ follow the procedures IAid down IA the General Directions 8iv¢n by th¢ Chlty Commission under section 145(5Xb)of the 2011 Act. and slat¢ whether particular matters hav¢ ¢om¢ to my attention. Basi$ of Independent Ex4mlller's report My examitthtion was Cated outin accordance with the General Direction$ given bytheChaTity ConJmis5ioners. An examinatio includes a review of the ac£owiting records kepl by the chaTity and a comparison of the accounts psented with those ttcords It also Includ considerdtirn of any unual it¢rns ordi5closure5 in th¢ a¢¢ounig a1 seeking expknations from you &$ Trnst¢es concerning any such matters. The proccdurES undertaken do not provide all the evidence t11 would be required in an audiL and consequently I do not expre&% an audit opiniim on the view given by the a¢¢outtts. IndepeDdent rmIlle5 st*temenÉ In comiection with my exa[ni(lo no m8tteT come torny att¢ntion: which gives tne reasonable cause to believe that in any teriAl pect the WUiTements.' tr) keep a¢¢ounting records in accordance with sedi(Kk 130 of the 2011 Ac(8nd to prepare aewullts which accord with the accounting rewrd$ and to compty with the accounting requimnents of the2011 Act. have not been meL' or to which, in my opinioo 4tt¢ntion should thzwtt in order to enable a proper urLd¢rstanding of the a¢¢ouAts to be reached. Samantha Jones F.CC.k, A.CA Morrn Ck 6 Salop Road Oswestry Shropshire SYII 2NU Dated 12"/kK&/ 202S Page 4
THE SEQUAL TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Notes Unre$tri¢led ds Restricted EThdowmemt futtdj Totsl 2025 Total 21r24 resources from eDerated Iunds Donations and legacies Subscriptions Investment income 194,014 IIS549 309 127.022 1,384 21,349 1,014 09 1&551 19,634 195J)28 115ffi18 1&551 329,197 149,755 Resourees ex ended Costs of generntiDg luods Costs of gener&tn)g donations and legacies 32ffj50 30,986 Charltable activities aritable ¢xwidi 47,836 161,423 209259 174,555 Governanee ¢0gts 1355 1355 1,215 Total rnourees eipended 81,741 161A23 243,104 206,756 Net incomitsgl(out8oi#g) rtsourees before transfers 113J87 (45005) 1&551 86,033 (57.001) N¢t transfus between funds io (11632) 131583 0&551) N¢t inCom(0tg0llgj rejourees Other reeognised alld losses Net realiwl gainsloosses) on investmtht assets (2,745) (57,001) Net unrealised gains l 005se5) on investme assets (1,621) (1ffi21} 11,406 et mtsvethent in fuods (1745) 8&778 (1,621) 84,412 (45,595) Fund balances * I April 2024 42230 24459 489J19 556,014 601,609 bal&Dees at 31 March 2025 39,491 113237 487,095 640,426 556,014 Page 5
THE SEQUAL TRUST BALANCE SHKET AS AT 31 MARCH 2025 Notes 2025 2024 Ffxed set$ Tangible assets 1494 808 tnve8ttnent8 12 518J24 584,957 519.132 Currebt 4ssets Debtors 13 4ffj54 5.746 Casb at bank and in hand 57,186 36,345 61,840 42,091 Credltors: amounts falling du¢ wi¢hiD one Year 14 16J71) (5209) Ne¢ CurreDt ossets 55,469 36.8f2 Total as8¢ts le Cllrret li•biliti¢$ 640,426 556,014 Capit*l fund Endowment fimds 15 487,698 489J19 Ineomt funds Restricted funds 16 113237 24.45 Unrestricted funds 39891 42236 640,426 556.014 The accounts were approved by th¢ TnteeS on 14th octob 2025 Ja¢kie Cheetha Truste¢ Page 6
THE"SEQUAL TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 AeeouDting lleleS B•$is ofprepxr•tlo The &ccounts have been prepared wider the historical cost convention and thcn modified to include gifted investments t market value at time of receipt aJ)d inv¢gtments on the balance Sheet revalued to mark¢t v&lue at each balance sheet date. These accounts have been prepar1 in accorda¢ with the St&tement of Recommded Pr11¢¢.. Accounting and Reporting by Charities preIDg their acwunts in acwrdallce with the Financial Reporting Stsndard applieable in the UK and Rq)ublic of Ireland {FRS102) i55u¢d on 16 July 2014 and with th¢ Financial Reporting Standard appli¢abl¢ in the United Kin8dom and Republtc of treland (FRS102) Charities Act 2011. The charity wnstituteg a public benefit enlity as d¢fuJed by FRS 102. The chority has taken advantage of the provisions in the SORP for charities applying FILS 102 u101¢ Bulletin i notto prepare a Statement of Cash Flows. 12. Incotnlng rQUre¢S Incoming resources from endowment fiJnd& i.e.. investsn¢nt incom< 15 u]westyi¢ted and tranSfr to uttrestricted funds. All inming r¢50urces are includeAI in the Ststemenl of Financial Activities whert the Charity is legally entitled to the in¢om¢. and the amount can be quantified with re&8onable accurn¢y. Genera] t>onatiODS include cortM)rate and individuttl donation4 gift aid and t&x reclaime(L Specific DonatiODS represeni monies raised specifically for the provision of equipment for individual members. Life subscriptions are rec¢)gnised as incoming resources over aten-y¢aT EKrio¢ on a straight-line basiy. Resouree5 expeDd All expenditllre is accounted for on on accruals basis and ]w Ivn classified undw headings that aggregate all costs related to that category. Tanglbk tlxed assets 8nd d¢preeiatiOD Tangkble fixed assets are stated at c4yst le&s depreciation. DepTecialioD is provided at rale5 calculated to write off the ¢os¢ estimated re5iduaJ value of each asset over ifs exp¢ctsd usefill lif4 as follows: Fixtures, fittings & equipment I¢Yh straight-line Investments Inves¢m¢nts arE valued at madot wal¢ al the balan theet date. AecHmulated fuDd8 The charity ha5 t capitsl fund and two income fund8. The capital ismade up of The Rthrt Bowell Endowm¢nt Fund. It was set up to maintain the long-tenn future of The Sequal TrnsL Th¢ aim is that it realises sufficient income to ¢ov¢r administration costs and nonknitable exp¢nditure. Ihe income re¢¢ived therefore 15 transferred to unrestricted funds. The two income funds are a resrrictrd fimd and an unrestri¢ted fid. The restriaed fijlld represents monies raised from specific doDation3. speeificalty for the provision vf tquipment for individual members and therefore only used for this purpose. The unTestrict¢d fund represents the remaining balance of the funds ot'the charity. Pagc 7
THE SEQUAL TRUST NOTES TO THE ACCOUNTS- (comtinued) FOR THE YFAR ENDED 31 MARCH 2025 Golng coocern The Coronavirus PEDdemic has affected the way thwt The Sequal Trust op¢rates. Its ability to beEp rnembers is, in p detern]ined ty the l¢v¢l of donations )d legacies recesved. There been a fail iti donalions. but it is hoped that these will start to pick llp. Atpre5rt MemirS continue to be h¢lp¢d on a timely b&qis. The Iste¢S are confident that The Sequal Trull will be abl¢ to meet it5 futhre financial obligations and contknue to help members as and when needed. On this b&8iS, they believe the going concern b&8is is approprial¢. Donations and kgaci Unr¥strlctrd funds Restriete4J Total 2025 Totsl 2024 Donations and gift8 194,014 I1549 309,$63 127.022 DoD4tiOM$ hDd gifts 2025 20?" Unrestrieted funds". General donations 711431 121J29 lJ91 39,060 1,363 1,280 987 Bequests Gift aid tax re¢laimed ILM) Club incorne 194,014 42,690 Subscriptions 2025 2024 Ordinary Subscriptions Life memb¢r5hip 1,384 1,3 Unrestricted funds R¢strl¢ted Endowmenl ds funds Tot81 2025 Totsl 2024 Income from listed invesknents IS51 18,551 20,445 Intest receivabl 1.014 1,014 1&551 19,634 21.349 Page 8
THE SEQUAL TRUST NOTES TO THE ACCOUNTS- (eoDtiDUtd) FOR THE YEAR EIYDED 31 MARCH 2025 Re50urc¢s expended Deprecialio Stoff costs Other costs TDt81 2025 Total 2024 Costs of gener8thig funds Costs of generating donations and ]egacies Ch4rftsbk actlvltles 11765 30.986 A¢tivities undertaken directly Governance tDSts 4970 172,289 1255 209259 1255 174,555 1215 5S455 187J09 243,164 206,756 Costs of generatlng donatÉon$ artd lepeie$ 2025 2024 Other costs conwrise.. RenL fates & electiicity Insurattce 7.168 476 7,048 372 Printing and stationery Postage and caTriag¢ Telephone &021 626 2,976 351 576 599 512 665 Committee meetings Costs Administr&tive expens¢s Sunthy expeJ)ses 282 412 432 672 919 13,765 14,L38 Pag¢ 9
THE SEQUAL TRUST NOTES TO TItE ACCOUNTS- (continued) FOR THE YEAR ENDED 31 MARCH 2025 Aetivitrtt undertakw) directty 2025 2024 Olher eDsts relqllA8 ro rhar&able &wMdlthre comprlse." Inforniaiion materials 10*96 156,737 4,656 11,433 125,620 4,334 Equipment pur¢h&ses Repairs to equipment 172389 141,387 Trvstees Non¢ of th¢ Trustecs received any remuneration during the year. The Tnteel tog¢tb¢r wlth connecteAI person4 had re-irnbur5 ¢xp¢nse5 of £512 (2024.. £665). Employees Number of employeej 2025 Number 2024 Nurnber The averdge monthly nuTnb¢Tof employees dwiDg the y¢arwa8'. Management and Athninistration staff Employmelll e08ts 2025 2024 Wages and sa]aries 5S445 49,752 There were no employees whos¢ annual ¢moluments were £60.IN)O or more. 10. Transfe Transfers have been made between th¢ fi5 during the year. Investment income of £18,551 has been transfred to general n$. Unrestricted fuTLds of £134,583 have been trdllsfeLYed to rtstrictrd finds. these fimds are leaSed to cover the purchase of equipment not funded by specific donations. Page 10
THE SEQUAL TRUST NOTES TO THE ACCOUNTS- ((]lled) FOR THE YEAR EIYDED 31 MARCH 2025 Tangible fixed gwets FlxthTes fittin8$ & tyulpmtnt Cost Ai l April 2024 Additions Disposals 3,293 2,086 At 31 Mareh 2025 5J79 Depreciation At l April 21r24 Disposals Ch8rge for the year 2,485 400 At 31 M8reh 2025 2,885 Nel book At 31 Mareh 2025 2,494 At 31 March 2024 808 12. Fixed ajset invtstments Matket Value at l April 2024 In¢r¢8s¢ in investments Change in value in the year 518,234 65,850 (1,621) M4rkrf vAe 8t 31 M•rcb 2025 582,463 13. Debtors 2025 2024 Prepayments and &c¢nd incm¢ 4,654 5,746 654 5,746 Pagell
THE SEQUAL TRUST NOTES TO THE ACCOUNTS- (continued) FOR THE YEAR ENDED 31 MARCH 2025 14. Credltors: amouots falling de wlthiD OD¢ year 2025 2024 Cxher ueditors 1,471 91M 527 Accruals 4,682 6J71 5,209 15. Ejhdowment fuDds Movemettt in funds Resourees Transfers expended BalaDee al l Aprli 2024 ltheoming resoMroe& lllvestrn¢nt galD5 1 1055¢ BAlaDee at 31 Marcb 2025 The Robert Bowell Endowment Fund M&G Charibond 116,596 M&G ch11fimd 116,W9 CAF Bond Income FuThd CAF UK Equty Growth 5,7 7.293 {5,7(X)} (7293) (2.839) 4,996 113.75, 121,905 IFSL CAF BSG 255.813 5,558 (5.558) (3,777) 252.036 489J18 18,551 (18551) (1ffi20) 487,698 16. Trustees The income fimds of th¢ charity incde restricted ffiJt ¢omptistng the following un¢xFendl balances of don10$ and gTants held on tmst for specific purw)ses.' Movement ID fvndg Deomitsi Rwource8 r¢souT¢e5 expended Balance at l Aprll 34 Tr•nsf¢rs galns 1 losses Bfilanee tt 31 March SpecifK bank account Investtnents 24,459 115.618 {161.423) 59,583 75.OLKI 37 7S0(KI 24,259 115,618 (161,423) I343 113,237 Page 12
THE SEQUAL TRUST NOTES TO THE ACCOUNTS- (wntlttued) FOR THE YEAR ENDED 31 MARCH 2025 17. Analysls of net amets between funds Unrestricted funds Restricted Elldowment runds lunds Total 2025 FUndba1qnc 31 March 2025 dret4iresentedby.' Tangibl¢ fixoj assets Investments 2,494 19,765 23,603 (6,371) 2,494 582.463 61040 (6J71) 75.000 38237 487,698 LUent as5¢ts Creditots.. amowits fallingdue within on¢ year 39891 113J37 640,426 Nel #nreuUsedgalns/flosses) thdMded4bove Investsnents 90.352 90J52 90J52 90J52 Reconcil¥alion ofmoventsttts in nel 4nreAltsedgaths/(IoeSj Net realiSed gains al l April 2024 Net Tealised gains l {1055¢5) in year Net unrealised gains l (losses) iti year 91.973 919TJ {1,621) (1021} Net UDrealised gain$ #t 31 MArcb 2025 90J52 90a52 Page 13