ids.
chartered accountants
Company Registration No. N1070123 (Northem Ireland)
THE MYRTLEFIELD TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
IDS Chartered Accountants LLP
23125 Queen Street
COLERAINE
Co Londonderry
BT52 1 BG

ids.
THE MYRTLEFIELD TRUST
chartered accountants
CONTENTS
Page
Legal and administrative infomiation
Trustees, report
Independent examinerfs report
Statement of financial activities
Balance sheet
10
Notes to the financial statements
11-20

ids.
THE MYRTLEFIELD TRUST
chartered accountants
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Daniel Crookes
James Johnston
Derek INatson
Andrew Griffiths
(Appointed 1 March 2025)
Secretary
Joshua Fitzhugh
Charity number
101940
Company number
N1070123
Registered office
5 Pine Hill
LISBURN
Co Antrim
BT27 SPL
Independent examiner
IDS Chartered A¢¢ountants LLP
23125 Queen Street
COLERAINE
Co Londondery
BT52 1 BG
Bankers
Danske Bank
22 The Diamond
COLERAINE
Co Londondery
BT52 1DE
Solicitors
HeN*rytt & Gilpin
8 High Street
HOLYWOOD
Co Dovm
BT18 9AZ

ids.
THE MYRTLEFIELD TRUST
chartered accountants
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report and financial statements for the year ended 31 December 2024.
The accounts have been prepared in accordance with the accounling policies set out in note 1 to tFE accounts
and comply with the Trust's Memorandum, the CompaniesAct 2006 and "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 20151°
Objectives and activities
The objectives of the Myrtlefield Trust, as stated in the Myrtlefield Trust Memorandum ofAssociation, are..
1} The propagation and dissemination. in all parts of the world. of the truths and doctrines of the Christian Faith.
21 The furtherance and encouragement. in the United Kingdom and the Republic of Ireland and abro￿, of
Christian teaching and education and advancement of the Christian Faith.
Specifically, the Trust focuses on the truths and doctrines of the Christian Faith as explained and expounded in
the archive of books, writings, audio and video recordings authored by the late Prof David Gooding, and in some
cases Cc￿aUthOred with Prof John Lennox (known as the Myrtlefield Archive). Most of the resources in the
Archive are in English, but it also contains an increasing number of translations of selected English books from
the Archive into other languages.
In pursuit of these objectives, the Trustees have undertaken the following three main activities.
1) Propagation and dissemination of Myrtlefield Trust books
The Myrtlefield Trust undertakes the publishing of the Myrtlefield Archive as English ReSoUr￿s, in two main
ways..
{il The printing and distribution of selected books from the Archive in various parts of the worfd. The Trust uses a
range of publication and distribution models, including direct printing and delivery by Myrtlefield Trust, joint
funding with other Twsts, and partnerships with third party publishing houses.
(li) Increasingly, publication is online. via three websites. In some cases, we make use of direct to customer
service of major print-on-demand providers.
2) Transcription of Myrtlefield Trust books
The Trust manages the translation of selected books from the Myrtlefield Archive into other langua3es. This is in
keeping particularly with Objective 1 above.. the propagation and dissemination, in all parts of the world, of the
truths and doctrines of the Christian Faith. We aim to make these Translated Resources available in languages
where we see a clear need and there exists a desire from readers in that language.

ids.
THE MYRTLEFIELD TRUST
chartered accountants
TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
3) Development of additional resources from the Myrtlefield Archive
Much of the Myrtlefield Archive is in the form of audio and video recordings of teaching on the Christian Faith by
David Gooding, in English, and transcripts of the same. The Myrtlefield Trust has begun work to see this material
converted into books of David Gooding's teaching targeted at three audien￿$.. beginner, intermediate and
advanced, with books of corresponding length.
All of these aspects of the work are in keeping particularly with Objective 2 above.. the furtherance and
encouragement, in the United Kingdom and the Republic of Ireland and abroad, of Christian teaching and
education and advancement of the Christian Faith.
The Myrtlefield Trust operates thr￿ websites that make available the online publications from the Myrtlefield
Archive=
www.myrtlefieldhouse.com This high bandwidth website has continued to reach new and existing audiences
across the globe. It makes available a major part of the books. transcripts and audio recordings from the
Myrtlefield Archive. Online reSoUr￿S are made available free of charge and traditional print books can be
purchased through partner distributors and independent bookshops.
mh316.com The design of what was formerly keybibleconcepts.org is intended to serve those who have access
only to a low bandwidth intemet connection. Currently, it is also mainly through the site through which we
distribute books in translation.
www.myrtlefieldespanol.com Currently, this site has five of our Spanish books available.
Together, the three websites are intended to make available a significant portion of the resources from the
Myrtlefield Archive, including.. books (in various machine-readable formats, and in various languages),
transcripts, audio and video recordings. and translations of printed resources.
Website development, including occasional redesigns and re-hosting, is an ongoing process. The Trust has
sought to develop in-house web design capability to deliver the material via its websites in a more cost effective
manner while allowng for greater flexibility to accommodate new reSoUr￿s.
This activity contributes to both Objectives 1 and 2 above.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
Trust should undertake.
Achievements and Performance
1) Propagation and dissemination of Myrtlefield Trust books in English
During 2024, the Myrtlefield Trust undertook the printing andlor distribution (whether directly or through print-
licensing) of selected books in the Myruefield archive in..
Africa
South, Central and North America
Asia
Middle East
Australialoceania
Europe
Print and Digital versions of new books: Changing us for Glory and The Letters of David W. Gwding, were
published and made available across our platforms. Editing work continued on a single volume containing all
that David Gooding taught on John's Gospel.
Also of note in 2024 was a projed to distribute 9,120 free copies of the four Ix)oks in our Encounters series
through partner organisations in India and Nigena.

ids.
THE MYRTLEFIELD TRUST
chartered accountants
TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
2) Translation of Myrtlefield Trust books
In 2024 a book on themes from Luke's Gospel (Mfindows on Paradise) was published in Spanish, and editing
work continued on a new Spanish edition of a commentary on Acts (True to the Faith}. A contract has been
agreed for four further books in Russian. Agreements are being discussed for our newest books (Changing
us for Glory and The Letters of David W. Gooding) to be published in German. The Bible and Ethics was
published in Arabic through our partners in Egypt.. and all six of the Quest series of books were puljished in
Arabic by our partners in Lebanon.
3) Development of additional resources from the Myrtlefield Archive
Throughout the year, the websites continued to be updated V￿th new material, and resour￿5 from all three were
accessed worldwide.
Biblical Insights with David Gooding, a Myrtlefield podcasl, continued its good run in 2024. These are 1>20
minutes segments of sermons that are arranged consecutively to be uploaded on podcasting platforms. Each
series is comprised of several episodes. There were 12.800 total listens, an increase of nearly four times the total
in 2023.
The joint video project with a production company in the Middle East, a video project introducing the Goodingl
Lennox series on Worldview was released in 2024. The total current view count in Arabic alone is currently
1,640,445 with an estimated total number of minutes watched on the full videos at 1,905,219.

ids.
THE MYRTLEFIELD TRUST
chartered accountants
TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Report on Public Benefit
(a) Benefit
A measure of the exlent of the benefit received through the aclivities of the Myrtlefield Trust is the number of
people who have received the teaching contained in the Myrtlefield Archive concerning the truths and doctrines
of the Christian Faith propagated and disseminated by the Myrtlefield Trust, as stated in the Myrtlefield Trust
Memorandum of Association.
This extent can largely be measured by the number of (printed) books distributed. and by the number of
accesses to the digitsl material available on the three websites.
In 2024, 57,412 books were distributed either through sale or free, and approximately 24,000 free audio files
were downloaded from around the world.
Our main website, myrtlefieldhouse.com. had 45.000 visitors. 1%￿th 208,000 page views. The site mh316.com had
8,000 visitors with 21,000 page views. The Spanish language site myrtlefieldespanol.com had 758 visitors with
1,200 page views.
We can now tell the total length of time people spent while using our resources online..
Books: 30,733 minutes (512 hours)
Semions: 140,342 minutes (2,339 hours)
David Gooding Answers.. 71,456 {1191 hours)
Videos= 1,050,000 minutes (17.500 hours)
We are encouraged to see a significant increase of usage year on year, which encourages us in our ongoing
efforts to keep these resources available. We are. however, seeking ways to improve how we measure I￿rSonal
interaction with our resources and gather user feedback.
We have now uploaded a significant number of our books onto The Royal National Institute of Blind People
(RNIB) platform. RNIB Bookshare is a UK charity offering information, support and advice to almost million
people in the UK with sight loss. One way they offer support is through their Bookshare UK education collection,
which provides accessible educational resources to all qualifying print-disabled learners.
The fact that the material is beneficial, rather than harmful, is based on other qualitative data, including the fact
that a number of training colleges around the wodd have requested (and received) the material and are using it in
their education programmes.
(bl Public
The reported distribution of books to many countries, and the fact that the online Myrtlefield Archive is available
globally and freely via the three websites, is eviden￿ that the benefit is public.
Printed copies of some of the books are available for sale via both online and traditional retailers. All royalties
resulting from these sales are fed back into the Myruefield Trust to furlher its activities, rather than providing
private benefit to any of the Trustees.
Designated reserves
The trustees have designated reserves with a view to purchasing new Offi￿ premises for the work of Myrtlefield.
Depending on what is available, the same building may also provide income, or a separate building purchased to
generate income, in order to support this ongoing work.

ids.
THE MYRTLEFIELD TRUST
chartered accountants
TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial review
The company retumed net incoming resources for the year of £52.944 (2023 outgoing resources of £56,246). At
31 December 2024, the total funds of the charity amounted to £945,099 (2023 £892,155) all being unrestricted
funds.
The charity set aside monies to a designated fund for significant expenditure on a new offi￿. At 31 December
2024, the balance on this fund was £200,000 (2023 £500.000).
It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should be
maintained al a level equivalent to between three and six month's expenditure. The Trustees consider that
reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the
Trust's current activities while consideration is given to ways in which additional funds may be raised. This level
of reserves has been maintained throughout the year.
The principal risks of the charity are the loss of key staff members (which V￿uld hold work back} and the risk of
receiving insufficient funds through changes either to investment fvnding, donor support, or sales of books.
The Trustees have assessed the major risks to which the Trust is exposed, and are satisfied that systems are in
place to mitigate exposure to the major risks.
Plans for the future
Lord willing, we will keep on producing different kinds of resources on various books of the Bible. We have begun
to create study and teaching aids for local churches and for individuals at different stages of faith and with
varying levels of aptitude. David Gooding's material wll remain the central hub, and we are continuing to edit
more of his sermons and unpublished manuscripts.
We would like to see these resources reach as widely as the Lord wants them to, both in English and in
translation, in order to help those who appreciate them to reach the next generation of Bible students and
teachers. Our aim is to provide this current generation with books and other media resources, and then gather
their insights and feedback on what has been most helpful. Our next steps wll be in four areas of activity.. Editing
the archive to produce books on the books of the Bible- c￿aling a study suite with teaching aids in English and
in translation, using all media options to teach and to reach widely- Communicating with a network of existing
users to fine tune the resources we create in English and in translation. And finally, Translating these books and
other resources. To help measure these steps, the Twstees have adopted a fiv&year plan.
Structure, governance and management
The Trust is a company limited by guarantee.
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up
to the date of signature of the financial statements were=
Daniel Crookes
Kok Onn Lee
James Johnston
Derek Watson
Andrew Griffiths
(Resigned 1 March 2025)
(Appointed 1 March 2025)
None of the Trustees have any beneficial interest in the company. All of the Trustees are members of the
company and guarantee to contribute £1 in the event of a wnding up.

ids.
THE MYRTLEFIELD TRUST
chartered accountants
TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
New Trustess are appointed when appropriate, are appointed by the Board of Trustees and serve for an
indefinite period, health permitting. Those Trustees who were serving at the end of the year are listed on page 1.
The Trustees meet twice per year.
Reference and administrative details
The day-t¢>day management of the Charity is overseen by Josh Filzhugh (Company Secretsry).
Expectations of staff.. Individual staff members y￿11 seek to give their utmost attention and dedication to the work
of Myrtlefield during working hours, grow in competency in their respective roles, and seek to bring added value
to the overall work of Myrtlefield in every year of their employment. Staff are also expected to live in a way that
does not bring the name of the Lord, or of theTrust. into disrepute (to be covered separately in employee code of
conduct).
Expectations of management.. The leadership team will seek to provide ongoing opportunities for growth in
competency, proficiency and development for each staff member, along with appropriate ongoing support and
critique, culminating in a yearly review. Leadership will also remain open to feedback and critique of themselves.
Pay will be assessed yearly by the trustees. in conjunction with the leadership team as
appropriate, and decided by the trustees. The level of increase will match annual inflation whenever possible. It
will also increase incrementally, in line with perfomiance and improvement based upon the targets agreed as part
of the previous year's annual review.
No Trustee is remunerated for their services as a Trustee, but they are reimbursed for authorised payments they
make in expediting the work of the Trust.
The Trustees, report was approved by the Board of Trustees.
Daniel Crookes
Dated: 4 August 2025

ids.
THE MYRTLEFIELD TRUST
chartered accountants
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE MYRTLEFIELD TRUST
I report to the charity Trustees on my examination of the financial statements of The Myruefield Trust {the Trust) for
the year ended 31 De￿mber 2024 which are set out on pages 8 to 17.
Responsibilities and basis of report
As the charity Trustees of the Trust (and also the directors for the purposes of company law), you are responsible
for the preparation of the financial statements in accordance wth the requirements of the Companies Act 2006.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent
examination, it is my responsibility to-.
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008.,
follow the procedures laid down in the general Directions given by the Charity Commission for Northem
Ireland under section 65{9){b) of the Charities Act- and
state whether particular matters have come to my attention.
Basis of independent examinerfs report
I have examined your charity accounts as required under section 65 of the Charities Act and my examination was
carried out in accordance wth the general Directions given by the Charity Commission for Northern Ireland under
section 65{9){b) of the Charities Act. The examination included a review of the accounting records kept by the
charity and a comparison of the accounts presented with those records. It also includes consideration of any
unusual items or disclosures in the accounts, and seeking explanats'ons from you as charity trustees conceming any
such matters.
My role is to stale whether any material matters have come to my attention giving me Cause to believe..
1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply wth the accounting requirements of section 396 of the Companies Act
2006 and with the methods and principles of the Charilies Slatement of Recommended Practice applicatAe
to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland
4. That there is ￿rther information needed for a proper understanding of the accounts to be reached.
Independent examinerfs statement
I have completed my examination and have no concerns in respect of matters (1) to (41 listed above and. in
connection with following the Directions of the Charity Commission for Northem Ireland, I have found no matters
that require drawing to your attention.
IDS Chartered Accountants LLP
23125 Queen Street
COLERAINE
Co Londonderry
BT52 1 BG
Dated: 4 August 2025

ids.
THE MYRTLEFIELD TRUST
chartered accountants
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Restricted
funds
funds
2024
2024
Totsl Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other income
24.519
34.335
145.395
15
12,250
36.769
34.335
145.395
15
30,703
32,364
31,156
85
33,750
64,453
32,364
31,156
85
Total income
204.264
12,250
216.514
94.308
33,750
128.058
Expenditure on:
Charitsble activities
151,320
12,250
163,570
150,554
33,750
184,304
Total expenditure
151,320
12,250
163,570
150,554
33,750
184,304
Net incomel(expenditure) and
movement in funds
52.944
52.944
(56,246)
{56,246)
Reconciliation of funds:
Fund balances at 1 January
2024
892,155
892,155
948,401
948,401
Fund balances at 31
December 2024
945.099
945.099
892.155
892.155
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

ids.
THE MYRTLEFIELD TRUST
chartered accountants
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Fixed assets
Tangible assets
12
149
Current assets
Stocks
Debtors
Investments
Cash at bank and in hand
13
14
15
24,147
500,005
381,958
42.337
377,229
460,628
65,083
948.447
902,940
Creditors: amounts falling due within
one year
16
(3,348)
(10,934)
Net current assets
945,099
892,006
Total assets less current liabilities
945,099
892,155
Net assets excluding pension liability
945,099
892,155
The funds of the Trust
Unrestricted funds
19
945.099
892.155
945.099
892.155
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 December 2024.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with
respect to accounting records and the preparation of financial statements,
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordance V￿th the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the Trustees on 4 August 2025
anie
roo
es
Company registration number N1070123 (Northem Ireland)
10-

ids.
THE MYRTLEFIELD TRUST
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Charity information
The Myrtlefield Trust is a private company limited by guarantee incorporated in Northern Ireland. The
registered office is 5 Pine Hill, LISBURN, CoAntnm, BT27 5PL.
1.1 Accounting convention
The financial statements have been prepared in accordance wth the Trust's Memorandum and Articles, the
Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 102)° (as amended for accounting periods commencing
from 1 January 2016). The Trust is a Public Benefit Entity as defined by FRS 102.
The Trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bullets-n 1
not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, The principal accounting
policies adopted are set OLrt below.
1.2 Going concern
At the time of approving the financial statements, the Tnjstees have a reasonable expectation that the Trust
has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
Designated funds comprise ￿ndS which have been set aside at the discretion of the Trustees for specific
purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted fvnds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the Trust is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be re￿ived.
Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of
the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation
to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Turnover is measured at the fair value of the consideration re￿iVed or receivable and represents amounts
receivable for goods and services provided in the nomial course of business.
1.5 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 settlement will be required, and the amount of the obligation can
be measured reliably, All expenditure is accounted for on an accruals basis.
11

ids.
THE MYRTLEFIELD TRUST
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Icontinued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases=
Fixtures and fittings
CompLrters
250A straight line
33.33OA straight line
The gain or loss arising on the disposal of an asset is delemined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activits'es.
1.7 Impairment of fixed assets
At each reporting end date, the Trust reviews the carrying amounts of its tangible assets to determine whether
there is any indication that those assets have suffered an impairment loss. If any such indication exists, the
recoverable amount of the asset is estimated in order to detemiine the exient of the impairment loss (if any).
1.8 Stocks for resale and distribution
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and. where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and Condition. Items held for distribution at no or
nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be
incurred in marketing, selling and distribution.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.10 Financial instruments
The Trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset. wth the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balan￿s, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement Constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
12-

ids.
THE MYRTLEFIELD TRUST
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Icontinued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary Course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
1.11 Taxation
No provision is required for taxation as the company is defined as a charity for taxation purposes.
1.12 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the Trust is demonstrably committed to
terminate the employment of an employee or to provide temiination benefits.
1.13 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.14 Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the
dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in
foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising
on translation in the period are included in profit or loss.
Critical accounting estimates and judgements
In the application of the Trust's accounting policies, the Trustees are required to make judgements, estimates
and assumptions aboLrt the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects {￿lY that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Donations and legacies
un￿strICted Restricted
funds
funds
Total
Total
2024
2024
2024
2023
Donations and gifts
24.519
12.250
36,769
64.453
13-

ids.
THE MYRTLEFIELD TRUST
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charitable activities
2024
2023
Sales
34,335
32,364
Other income
Unrestricted Unrestricted
funds
funds
2024
2023
Other income
85
Investments
2024
2023
Interest receivable
145,395
31,156
14-

ids.
THE MYRTLEFIELD TRUST
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charitable activities
2024
2023
Staff costs
Depreciation and impaimient
Publication and literature
Communication
Bank charges
General expenses
Foreign exchange lossl{gain)
Restricted funds re publication & literature
100,491
150
39,840
1,432
490
6,562
1,115
12,250
115,178
692
16,897
1,796
2,775
8,532
(632)
33.750
162,330
178.988
Share of governan￿ costs {see note 9)
1,240
5,316
163,570
184,304
Analysis by fund
Unrestricted funds
Restricted funds
151,320
12,250
150,554
33,750
163,570
184,304
Trustees
One trustee was reimbursed £243 in travel expenses in relation to a twstees. meeting during the ￿ar {2023 -
£nil}.
Support costs
Support Governance
costs
costs
2024
2023 Basis of allocation
Indpt examination fees
Accountancy & payroll
Legal and professional
100
100
1,500 Govemance
1,016 Govemance
2,800 Govemance
1.140
1,140
1.240
1.240
5,316
Analysed between
Charitable activities
1,240
1,240
5,316
Governan￿ costs includes payments to the independent examiners of £100 {2023- £2,516).
15-

ids.
THE MYRTLEFIELD TRUST
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11
Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
93,456
5,661
1,374
105,189
8,070
1,919
100,491
115,178
There were no employees vthose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follovts..
2024
2023
Aggregate compensation
36,499
37,194
16-

ids.
THE MYRTLEFIELD TRUST
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Tangible fixed assets
Fixtures and
fittings
Computers
Total
Cost
At 1 January 2024
2.810
6,679
9.489
At 31 December 2024
2,810
6,679
9,489
Depreciation and impairment
At 1 January 2024
Depreciation charged in the year
2,770
40
6,569
110
9,339
150
At 31 December 2024
2,810
6,679
9,489
Carrying amount
At 31 December 2024
At 31 December 2023
40
109
149
13 Stocks
2024
2023
Book stock
24,147
14 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Other debtors
6,255
493,750
7,229
370,000
500,005
377,229
15 Current asset investments
2024
2023
Unlisted investments
381.958
460.628
Unlisted investments relate to Epworth Cash Plus Investment Funds.
17-

ids.
THE MYRTLEFIELD TRUST
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Creditors: amounts falling due within one year
2024
2023
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
858
49
307
2,134
1,053
7,615
266
2,000
3,348
10,934
17 Retirement benefit schemes
2024
2023
Defined contribution schemes
Charge lo profit or loss in respect of defined contribution schemes
1,374
1,919
The Trust operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the Trust in an independently administered fund.
18 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 January
2024
Incoming
sources
Resources
expended
At31
December
2024
Translation costs
12.250
(12.250)
P￿VIouS year:
At 1 January
2023
Incoming
resources
Resources
expended
At31
December
2023
Translation costs
33,750
(33,750)
18-

ids.
THE MYRTLEFIELD TRUST
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
19 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 January
2024
Incoming
resources
Resources
expended
Transfers
At31
December
2024
Designated funds- New office
premises
General funds
500,000
392,155
1300,000)
300,000
200,000
745,099
204,264
(151,320)
892,155
204,264
(151,320)
945,099
Previous year:
At 1 January
2023
Incoming
resources
Resources
expended
Transfers
At31
December
2023
Designated funds- New office
premises
General funds
500,000
448,401
500.000
392.155
94.308
(150.554)
948,401
94,308
(150,554)
892,155
20 Analysis of net assets between funds
Unrestricted
funds
2024
At 31 December 2024:
Current assetsl(liabilities)
945,099
945,099
Unrestricted
funds
2023
At 31 December 2023:
Tangible assets
Current assetsl(liabilities)
149
892,006
892,155
19-

ids.
THE MYRTLEFIELD TRUST
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
21 Company limited by guarantee
Every member of the charity undertakes to contribule such amount as may be required (not exceeding £1) to
the Charity's assets if it should be wound up while such person is a member, or within one year after such
person ceases to be a member. for payment of the Charity's debts and liabilities contracted before such
person ceases to be a member, and of the costs, charges and expenses of winding up, and for the adju stment
of the rights of the contributories among themselves.
22 Related party transactions
There were no disdosable related party transactions during the year (2023 - none).
-20-