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doesn't make sense

You had better not word it like that!

End of financial year is monday - you need to clear things up asap as you have about 48 hours of business time left. Don't forget that a beneficiary must exist at the time of becoming presently entitled. This is important with companies or other trusts are beneficiaries.

No, the trustee must make the resolution before 30 June. Failure to do so could mean no beneficiary is presently entitled to the income and the trustee will end up paying tax at the top rate.