OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Myristica Trust

2025-04-05-accounts

REGISTERED CHARITY NUMBER: 1092431

REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 FOR

THE MYRISTICA TRUST

Xeinadin Audit Limited (Statutory Auditor) Court House Court Road Bridgend CF31 1BE

THE MYRISTICA TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025

Page
Report of the Trustees 1 to 4
Report of the Independent Auditors 5 to 7
Statement of Financial Activities 8
Balance Sheet 9g
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 18
DetailedStatementofFinancialActivities 19

THE MYRISTICA TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025

The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the Trust are to provide support for the prevention and relief of poverty, the advancement of education, health, the saving of lives, community development, arts, culture, science, amateur sport, environmental protection and improvement, animal welfare, the relief of those in need and the promotion of the efficiency of the rescue and ambulance services. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and planning future activities and setting the gift making policy for the year.

The Trust carries out these objects by supporting organisations which the Trustees consider to be of public benefit themselves and merit the support of the charity.

Gift making policy and activity

The Charity does not invite applications for funding. The Trustees receive literature from other registered charities and good causes and have met on two occasions during the year.

A second interim legacy from the Estate of Mary Dina Richards (‘Dina’) was received in June 2024.

At their June meeting the trustees decided to make donations of £500,000 to Cardiff University, £1,200,000 to RNLI, £1,204,728 to Barnardo's and £100,000 each to the Guide Dogs for the Blind Association, Welsh Air Ambulance Trust, Cats Protection and Ty Hafan Limited in fulfilment of grants approved at their January 2024 meeting. In consideration of the legacy gift, the trustees decide to make further gifts of £800,000 to Cafod, £100,000 to Maggie's and £20,000 to the Derek Williams Trust. The remaining funds were deposited whilst the trustees considered distribution of the remaining funds to charities particularly supported by Dina Richards subject to retaining reserves of £100,000 during the gift making process. The trustees identifies funding proposals from Cardiff University, Barnardo's and CAFOD as worth support.

ACHIEVEMENTS AND PERFORMANCE

Fundraising activities

The Charity received income of £4,127,041 (2024: £5,188.023) from a legacy and bank interest.

A single legacy of £4,000.000 was received as a second interim payment from the Estate of Dina Richards making the total gift from Dina's estate £9,000,000 in the two years ended 31 March 2024 and 2025.

The trustees have been notified that the final residual legacy bequeathed to the charity is in the region of £100,000 but can only be paid when the administration of Dina's Estate is completed.

The charity made donations to other charities during the year of £4,224,728 (2024: £1,058,000)

The Trustees are satisfied with the year end position and have transferred the net surplus of £(113,281) (2024: incoming resources £4,107,091) to the Charity's unrestricted reserves.

aie

THE MYRISTICA TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025

FINANCIAL REVIEW

Investment powers, policy and performance

The Trustees have powers to deposit or invest funds in any lawful manner but to invest only after obtaining advice from a financial expert and having regard to the suitability of investments and the need for diversification. The Trustees have powers to delegate the management of investments to financial experts.

The Trustees reviewed their investment policy statement and its investment objectives and philosophy in October 2023. In consideration of the charity's grant making objectives, the Trustees decided to hold the funds in a cash deposit account. The charity's investment advisors had advised the trustees that it is not appropriate to place investments when there is a timescale for performance of less than five years. As the Trustees expect to distribute all funds in a shorter timescale, the advisers recommended the trustees to hold the funds in high interest cash accounts.

The charity's funds were held in interest bearing deposit accounts at the year end.

Reserves policy

The Trustees have made a decision to distribute the full legacy from Dina Richards’ Estate to the charities particularly supported by Mrs Richards depending upon need and to wind up the charity within two years of receiving the balance of the legacy.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Recruitment and appointment of new trustees

Under the terms of the Trust Deed a Trustee may be appointed at any time so that the total number of Trustees shall at no time exceed six. A Trustee may be appointed or discharged by a resolution of a meeting of the Trustees.

Organisational structure

The trustees have no specific function apart from the fact that they are to ensure the well being of the charity's business and to conduct constitutional matters.

Related parties

One of the Trustees, Miss Sian L Williams, is a consultant to the firm Geldards LLP who are the charity's solicitors.

Another Trustee, Anne Taylor, is a Partner in the firm of Geldards LLP.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1092431

ye

THE MYRISTICA TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025

Principal address C/o Geldards LLP 4 Capital Quarter Tyndall Street Cardiff CF10 4BZ

Trustees Miss S L Williams R F King Mrs AC Taylor

----- Start of picture text -----
|||| |---|---|---| |Auditors| |Xeinadin|Audit|Limited| |(Statutory|Auditor)| |Court|House| |Court|Road| |Bridgend| |CF31|1BE| |Solicitors| |Geldards|LLP,| |4|Capital|Quarter| |Tyndall|Street| |Cardiff| |CF10|4BZ| |Bankers| |Coutts|&|Co.,| |3rd|Floor,| |One|Kingsway,| |Cardiff,| |CF10|3AQ|

----- End of picture text -----

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

-3-

THE MYRISTICA TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED5 APRIL 2025

eee

STATEMENT OF TRUSTEES’ RESPONSIBILITIES - continued Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safequarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on LTie th,Tent. 1006 signed on its behalf by: Fig ca a malta

et A

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE MYRISTICA TRUST

Opinion

We have audited the financial statements of The Myristica Trust (the 'charity') for the year ended 5 April 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the charity's affairs as at 5 April 2025 and of its incoming resources and application of resources, for the year then ended:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

-5-

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE MYRISTICA TRUST

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis _ of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The audit was planned on the basis that the testing undertaken and procedures carried out would have a reasonable expectation of detecting any instances of irregularity including fraud. The plan involved assessing the risk of the financial statements containing material misstatements taking into account various factors such as the control systems in place, the standard of record keeping and an assessment of the influence and role of the stakeholders involved. The audit plan was followed and benefitted from the audit teams knowledge of the client. They considered how fraud may occur and where the financial statements may be susceptible to error.

Suitable transaction sample testing was made on the high risk areas of the financial statements. Enquiries were made of the charity trustees for information and explanations as required during the course of the audit and any contentious areas appropriately challenged to ensure that sufficient audit evidence was obtained.

The procedures and testing undertaken as a result of our risk assessments were deemed sufficient to identify material errors for which adjustment was then made in the financial statements. There is however no guarantee that all errors, including those related to fraud, would be identified as part of the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

“65

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE MYRISTICA TRUST

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Vlerwds- Ad bce

Xeinadin Audit Limited (Statutory Auditor) Court House Court Road Bridgend CF31 1BE Date: _2iler| 208.

Ray fa

THE MYRISTICA TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025

2025 2024
Unrestricted
fund Total funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 4.000.000 5,000,000
Investment income 3 127,041 188,023
Total 4,127,041 5,188,023
EXPENDITURE ON
Raising funds 4 15,594 22,932
Charitable activities 5
Gifts payable 4,224,728 1,058,000
Total 4,240,322 1,080,932
NET INCOME/(EXPENDITURE) (113,281) 4,107,091
RECONCILIATION OF FUNDS
Total funds brought forward 4,323,332 216,241
TOTALFUNDSCARRIEDFORWARD 4,210,051 4,323,332

The notes form part of these financial statements

-8-

THE MYRISTICA TRUST

BALANCE SHEET 5 APRIL 2025

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |a|ES| |2025|2024| |Unrestricted| |fund|Total|funds| |Notes|£|£| |CURRENT|ASSETS| |Debtors|10|880|170,209| |Cash|at bank|4,216,397|4,157,688| |4,217,277|4,327,897| |CREDITORS| |Amounts|falling|due|within|one year|11|(7,226)|(4,565)| |NET CURRENT ASSETS|4,210,051|4,323,332| |TOTAL ASSETS|LESS|CURRENT| |LIABILITIES|4,210,051|4,323,332| |NET ASSETS|4,210,051|4,323,332| |FUNDS|12| |Unrestricted|funds|4,210,051|4,323,332| |TOTAL FUNDS|4,210,051|4,323,332|

----- End of picture text -----

TheLas ya Dhow...statements LOL... andwerewereapprovedsigned onbyits thebehalfBoardby: of Trustees and authorised for issue on

----- Start of picture text -----
AC Taylor - Trustee
----- End of picture text -----

The notes form part of these financial statements

NN 205

THE MYRISTICA TRUST

CASH FLOW STATEMENT FOR THE YEAR ENDED 5 APRIL 2025

2025 2024
Notes 5 £
Cash flows from operating activities
Cash generated from operations 1 (68,332) 3.745,431
Netcash (used in)/provided by operating activities (68,332) 3,745,431
Cash flows from investing activities
Interest received 127,041 188,023
Net cash provided by investing activities 127,041 188,023
Change in cash and cash equivalents
in the reporting period 58,709 3,933,454
Cash and cash equivalents at the
beginning ofthe reporting period 4,157,688 224,234
Cash and cash equivalents at the end
ofthereportingperiod 4,216,397 4,157,688

The notes form part of these financial statements

-10-

THE MYRISTICA TRUST

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED5 APRIL 2025

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2025 2024
£ £
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities) (113,281) 4,107,091
Adjustments for:
Interest received (127,041) (188,023)
Decrease/(increase) in debtors 169,329 (170,209)
Increase/(decrease) in creditors 2,661 (3,428)
Netcash(usedin)/providedbyoperations (68,332) 3,745,431
  1. ANALYSIS OF CHANGES IN NET FUNDS
At 6.4.24 Cash flow At 5.4.25
fF, £ £
Net cash
Cash at bank 4,157,688 58,709 4,216,397
4,157,688 58,709 4,216,397
Total 4,157,688 58,709 4,216,397

The notes form part of these financial statements

244s

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025

THE MYRISTICA TRUST

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Allocation and apportionment of costs

All costs are allocated to the one activity of the charity.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments

Investments are included at closing mid-market value at the balance sheet date. Any gain or loss on revaluation is taken to the Statement of Financial Activities.

3D»

THE MYRISTICA TRUST

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2025

2. DONATIONS AND LEGACIES
2025 2024
£ £
Legacies 4,000,000 5,000,000
3. INVESTMENT INCOME
2025 2024
£ E
Interest received 127,041 188,023
4. RAISING FUNDS
Raising donations and legacies
2025 2024
£ £
Support costs 15,594 22,932
5. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
6)
£
Gifts payable 4,224,728
6. GRANTS PAYABLE
2025 2024
& £
Giftspayable 4,224,728 1,058,000

“ABs

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2025

THE MYRISTICA TRUST

6. GRANTS PAYABLE- continued The total grants paid to institutions during the year was as follows:

2025 2024
£ £
Barnados - 100,000
CAFOD 800,000 -
RNLI 1,200,000 100,000
TY Hafan 100,000 -
Cardiff University for Duncan Baird's research 7 100,000
Cardiff University first part offunding for nine phD students three ofwhom
to be ring-fenced for Duncan Baird's research. 500,000 500,000
CAFOD for work in Gaza and Ukraine - 200,000
Barnardos funding for 'A Time for Change’ project 1,204,728 58,000
Derek Williams Trust for the purchase ofartwork for National Museum
Wales 20,000 -
The Guide Dogs for the Blind Association 100,000 -
Cats Protection 100,000 -
Welsh AirAmbulance Charitable Trust 100,000 -
Maggies's 100,000 -
4,224,728 1,058,000
  1. SUPPORT COSTS
Governance
costs
£
Raising donations and legacies 15,594

Support costs, included in the above, are as follows:

Governance costs

Governance costs
2025 2024
Raising
donations
and Total
legacies activities
£ £
Auditors’ remuneration 3,120 3,000
Accountancy 400 400
Legal fees 11,588 19,166
Bank Charges 486 366
15,594 22,932

<44-

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED5 APRIL 2025

THE MYRISTICA TRUST

8. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.

Trustees’ expenses

Trustees’ were paid expenses of £nil (2024: Enil) for the year ended 5 April 2024.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 5,000,000
Investment income 188,023
Total 5,188,023
EXPENDITURE ON
Raising funds 22,932
Charitable activities
Gifts payable 1,058,000
Total 1,080,932
NET INCOME 4,107,091
RECONCILIATION OF FUNDS
Total funds brought forward 216,241
TOTALFUNDSCARRIEDFORWARD 4,323,332

-15-

THE MYRISTICA TRUST

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED5 APRIL 2025

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Prepayments and accrued income 880 170,209
11, CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Other creditors 7,226 4,565
12. MOVEMENT IN FUNDS
Net
movement
At 6.4.24 in funds At 5.4.25
£ £ £
Unrestricted funds
General fund 4,323,332 (113,281) 4,210,051
TOTAL FUNDS 4,323,332 (113,281) 4,210,051
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 4,127,041 (4,240,322) (113,281)
TOTAL FUNDS 4,127,041 (4,240,322) (113,281)
Comparatives for movement in funds
Net
movement
At 6.4.23 in funds At 5.4.24
£ £ £
Unrestricted funds
General fund 216,241 4,107,091 4,323,332
TOTALFUNDS 216,241 4,107,091 4,323,332

=16-

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED5 APRIL 2025

THE MYRISTICA TRUST

12. .MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
fe e £
Unrestricted funds
General fund 5,188,023 (1,080,932) 4.107,091
TOTALFUNDS 5,188,023 (1,080,932) 4,107,091

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement
At 6.4.23 in funds At 5.4.25
£ e £
Unrestricted funds
General fund 216,241 3,993,810 4.210,051
TOTALFUNDS 216,241 3,993,810 4,210,051

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 9,315,064 (5,321,254) 3,993,810
TOTALFUNDS 9,315,064 (5,321,254) 3,993,810

Je

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2025

THE MYRISTICA TRUST

13. RELATED PARTY DISCLOSURES

Miss S L Williams, is a consultant in the firm of Geldards LLP who are the charity's solicitors.

Mrs AC Taylor, is a Partner in the firm of Geldards LLP who are the charity's solicitors.

During the year Geldards LLP provided legal services to the charity on normal commercial terms as Me ajenient and administration inclusive of VAT £11,588 (2024: £19,166).

14. ULTIMATE CONTROLLING PARTY

The charity is controlled by it's trustees.

-18-