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&h￿re
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
Ba1￿ce 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 th￿te¢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 T￿st 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 eX￿sed 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 Inde￿ndenCe 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 b￿kground5.
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.
P￿e1

THE SEQUAL TRUST
TRUSTEES? REPORT FOR THE YEAR ENDED 31 IVIARCH 2025_ (conlinued)
Revlew ofthe Ye*r
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&$¢ for e￿h applicanl built up with personal dd¥ils about the petxon needing help, their living
environrnenL and a recommendation frorn their heahh care professional as to the specific comrnunicatÉon d¢vi¢¢ required foT
that indsvidual. Nvhen we hav¢ a]1 the ]nforn￿tIOn neede￿ we apwo8ch various grant giving organisations and other cthtacts in
the applicant's locality aDd liaise with family to rwse specific donation forthe eqllip￿¢nt r￿ornMend￿. Somrfitn¢s we manage
io get Cases funded quickty but the proce&8, especialty for the more sophisticthd speech aids. ￿ tsk¢ several months and we
do advise each applicant that this is th¢ case. If we do not manage to get the ￿Quired funds within 6 months we will do a'lop
up" from our general donations. should these be 5ufficicnt. We have n¢v¢r failwj to provide equipment when we have taken on
a case ond are Yery proud that in this fmancial yeor w¢ h¥4ve provided equipment lo 54 people at a e05t of £161k Once the
equipment h&8 be¢ll delivered to the m¢mbeT ￿ Stjll k¢¢p in touch and members will call if any Tepairs are neede￿ or if an
upgrnde 1$ neede
The t90latio￿ fn￿lon 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 p￿pIt to advanct their
educatio￿ PUTsue a career, inteTact with other& Also, it can enable someone to be able lo CoTnmwJi￿te their wishes and ￿e¢(ts
to family members and friend8. whicb is something most of us tske for granted. Th¢ respLYAses w¢ get from M￿nberS 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 Som￿ne 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 I￿king 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 r￿st hand expertence of living with or alonggide someone who has.
cotmnun1￿llOn 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 Hal￿8￿, 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 seq￿81 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)
Fi￿ne141 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$tsnent income of £19.634
{2024.. £21,349).
Charilable expendilure for the year was £209,259 {2024.. £174,555) of which £161.423 wa5 S￿nt on equipment for member&
includtng repairs. (2024.. £129,954). Costs of generating fim(ts totalled £32,650 (2024.. £30.986) and governance costs totslled
£1.255 (2024: £1215). OveLzII total expenditure was £243.16412024: £206,756), resulting in a surphLS for the year of £86,033
{2024.. deftcit of £57,001).
The Robert Bowell Endowmeut Fund w&% set up in the 1990s to provide A gu4rantttd income to cover our general ovethe4d8
and therefore enswe the ¢olltinuance of the charity. The Ttustees re8ul&rly review the fi￿a'S investments to satisfy thems¢lv¢$
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 a￿se￿MentS or delivery of equipTr￿t. This is made up of trwsf¢TS from general
dOn￿lon5 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 $Frtifi¢a]ly to purch&8e of equiExnent formembus. All these aTDoun¢s
will be used to purchase equipment for membeTS in the next financial year.
Plans for the Futsre
We pledge tL) our M￿bets that we will..
r&ise fjjnds as speedily as we to provide communication equipmentto &$ many people as we can who $0 desperately
need our help"
support mornber5 thro￿￿ oUreXperienc￿ otTice staff and pmvide a Car￿g, helpful voice ut th¢ ¢nd ofthe phone.
i and hclp as many p￿pIe 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 ¢0mM￿1(ate and to sd lively minds freel
Golng concern
embers continueto be helpedon atitnety b&si& The Trnstees are confid￿tthal 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 Tn￿e￿8
Jackie Cheetham
T￿￿te¢
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 E￿mIller
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¢ Ch￿lty 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 Ca￿ted 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 p￿sented with those ttcords
It also Includ￿ considerdtirn of any un￿ual it¢rns ordi5closure5 in th¢ a¢¢ounig a￿1 seeking expknations from you &$ Trnst¢es
concerning any such matters. The proccdurES undertaken do not provide all the evidence t1￿1 would be required in an audiL and
consequently I do not expre&% an audit opiniim on the view given by the a¢¢outtts.
IndepeDdent r￿mIlle￿5 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 C￿k
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
(116￿32)
131583
0&551)
N¢t inCom￿￿(0￿tg0￿llgj 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￿ Cllrre￿t 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¢ Tn￿teeS 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 prepar￿1 in accorda￿¢ with the St&tement of Recomm￿ded Pr￿11¢¢.. Accounting and
Reporting by Charities pre￿IDg 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 u￿101¢ Bulletin i notto
prepare a Statement of Cash Flows.
12.
Incotnlng r￿QUre¢S
Incoming resources from endowment fiJnd& i.e.. investsn¢nt incom< 15 u]westyi¢ted and tranSfr￿￿ to uttrestricted
funds.
All in￿ming 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 fi￿d. 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 Memi￿rS continue to be h¢lp¢d on a timely b&qis. The I￿ste¢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
I15￿49
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
IS￿51
18,551
20,445
Inte￿st 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 Tn￿teel 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¢ fi￿￿5 during the year. Investment income of £18,551 has been transfr￿ed 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 vA￿e 8t 31 M•rcb 2025
582,463
13.
Debtors
2025
2024
Prepayments and &c¢n￿d 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 d￿e 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 ch1￿1fimd
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 inc￿de restricted ffiJt￿ ¢omptistng the following un¢xFend￿l balances of don￿10￿$
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)
I34￿3
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
LU￿ent 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/(Io￿eSj
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