MAPLE LEAF TRUST
(FORMERLY KNOWN AS THE CANADA-UK FOUNDAnoN)
ANNUAL REPORT AND THE UNAUDITED FINANOAL STATEMENTS
FOR THE YEAR ENDED 31STJULY 2025

MAPLE LEAF TRUST
(FORMERLY KNOWN AS THE CANADA-UK FOUNDATION)
INDEX TO ThE FINANOAL STATEMENTS
FOR THE YEAR ENDED 31STJULY 2025
Page No.
TrustEe5' Report
1-6
Independent Examiners. Report
Ststement of Financial Attivities
Balance Sheet
Note5 to the Financial Statements
I￿18

MAPLE LEAF TRUST
(FORMERLY KNOWN AS THE CANADA-UK FOUNDATION)
TRUSTEES ANNUAL REPORT
ST
YEAR ENDED 31 JULY 2025
The Trustees present their annu31 report together with the financial staternent5 for the year ended 31 July
2025. The Trust has prepared its accounts in accordance with the Charitie5 Act 2011, the requirements of the
Trustrs governing document and the'Accounting and Reporting by Charities.: Statement of Recommended
Practice applicable to Charities preparing their accounts in accordance with the Finanual Reporting Standard
applic3ble in the UK and the Republic of Ireland {FRS 1021 effective I" January 2015.
BACKGROUND
Maple Leaf Trust (Formerly known as Canada-UK Foundation) is a Charitable Incorporated Organisation ICIOI
govemed by its constitution. The Clo was formed in August 2016 and registered with the Charity Commission
for England and Wales. On April 1 2025. all the assets and liabilities of Maple Leaf Trust, the Canadian
Centennial Scholarship Fund and the Canadian Memorial Foundation were transferred to the Canada UK
Foundation. Thi5 "mergerf brought together four UKCanadian Charities under one umbrella. The Canada UK
Foundation was then renamed the Maple Leaf TrusL
LEGAL AND ADMINISTRATIVE D￿AlL5
Name of Charity: Maple Leaf Trust (Formerly known as The Canada-UK Foundation)
Reglstered Charity No.. 1168630
Addr￿. Canada House, Trafal8ar Squore. London, 5WIY 58J
Legal form: Charitable Incorporated Organisation (CIO)
Professlonal Advlsers:
Bankers: Metro Bank
Investment Managers and Advlsors.. Legal and General Investments, PO Box 6080, Wolverhampton, WVI 9RB
Independent Examiner: Mario Koureas FCC& Hetherington & Co. 289 Green Lanes. Palmers Green, London,
N13 4x3
Canadian Status: In addition to being a registered charity in England and Wales, and thus eligible for United
Kingdom charity tax reliefs. the Foundation as a CIO is recognised by the Canadian government as a charity
able to issue Canadian tax retripts during the period March 2023 to July 2025.
TRUSTEES
The following board members served during the year under review were as follows:
Mr Robert Brant
Mr Steven Lowe
Mr William Swords, Chair {resigned 1st April 20251
Professor Jonathan Heeney (resigned 1st April 2025)
Mr Nisel Miller {resi8ned 1st April 2025)
Reverend Dr. Allan Doig (resigned 1st April 2025}
Mr Matthew Grisoni Iresigned 1st April 20251
Ms Gabrielle Shaw Iresigned 1st April 20251

MAPLE LEAF TRUST
(FORMERLY KNOWN AS THE CANADA-UK FOUNDATION)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 JULY 2025
TRusfEES (Continued)
Mr Jerry del Missier lappointed 1st Aprll 2025)
Mr Ashley Gallant (appointed 1st April 2025)
Mr Douglas McPhee (appointed 1st April 2025)
Mr Scott Mcvittie (appointed 1st April 2025)
Ms Courney Lay (appointed 1st April 20251
Ms Kaylyn Fraser {appointed 1st April 20251
Mr Neil Johnson {appointed 1st April 20251
Ms Katharine Davidson (appointed 1st May 2025)
Mr Richard Ne5bitt lappointed 1st May 2025)
Ms Kirsty MacDonald lappointed 10th July 20251
Others
H.C. Ralph Goodale, the High Commissioner of Canada Served as a Patron of Maple Leaf Trust.
Trustee Appolntment and Indurtlon Policy
Trustees are recruited throuEh public and external recruitment and publicity- The Trust has established that a
maximum of fifteen Trustees would always be enough. New trustee appointments are ratified at the next
upcoming Board meeting. A comprehensive pack of information is provided for new Trustees about the
charity. Such documentation comprises copies of the tharivs constitution, the latestAnnual Report and
Accounts, the Minutes of the latest Board meetin& the documents on Risk Analysis and a listing of Trustee
responslbilitles. In addition, the new Trustee 15 advised of the (V￿ent i55ues facing the Foundation. Training is
provided, as required.
Duration of Board Membership
Members of the Board are now elected bythe Board for a term of three years. They can be re-elected for
multiple term5. The retiring Trustee remains in office until a new appointment is made, if the retirement of the
Trustee after the three years causes the number of Trustees to fall below the minimum.
sTrucruRE. GOVERNANCE AND MANAGEMENT
The Trustee5 Qf the Trust meet at least quarterly and more frequently as required. The Trustees delegate
actlvitles to designated committees and sub-8roups as required to carry out specific functions such as strategic
planning or fundraising; selection of candidates for awards; application reviews for annual grants etc.
All attivities of sub-8roups and committees are discussed by the Board for approval or ratification of decisions.
Day to day administration of the Trust is managed by the Executive Officer and others as appropriate.
At each of their meetings, Trustees monitor progres5 against the agreed strategy and key performance
indicators such as fund-raisin& grant making. investment and reserves. The expertise of the Trust board
members, employees and external adwsors 15 necessary forthe board to make informed judEments about the
funding of the Academic and other projects it supports. Trustees are required to disdose all relevant interests
and register them with the Board and in accordance with theTrust's polivi withdraw from decisions where a
conflict of interest may arise.

MAPLE LEAF TRUST
IFORMERLY KNOWN AS THE CANADA-UK FOUNDATION)
TRUSTEES ANNUAL REPORT
YEAR ENDED 315T JULY 2025
SUMf¥lARY OF ACHIEVEMENTS AND CHALLENGES
Summary of the main activities of the tharity in relation to its objects
The objects of the Charity are:
11 The advancement ofthe education of the public in Canada and the United ifjngdom concerning the
culture, heritage, history, Indigenous groups. environment and other matter5 relating to both
countries. by doing the following..
providing structured learning program5, including but not limited to, seminars, workshops and
panel discussions.
providing endowments to e(lucational institution5 ill the United Kingdom of chairs of Canadian
studies- and
providing grants, bursaries and scholarships or other forms of financial assistance to any person
to enrol in educational institutions andlor trainin8 programmes in the United Kingdom or
Canada.:
21 To relieve poverty. distre55 and sickness for the public benefiL particularly for Canadian citizens or
persons of Canadian origin and their families. special reg3rd being given to the relief of need amongst
former Canadian Amed Forces men and women and their dependents who are in need 2nd ￿Sident
in the United Kingdom. includin& without limitation. providing financial assistance to in-need
Canadian veterans and their families living in the United knnsdom by organising fundraising events,
and
31 The advancement of health or the savin8 of lives by gifting funds to registered charities involved in
cancer research and to raise awareness of cancer research. includin& without limitation. organising
and promoting various Terry Fox Runs for Cancer Research in the United Kingdom.
MERGER
This year marked a significant development as several Canadian organisations operating in the UK. including
the Canada-UK Foundation, C3n3da Memorial Foundation. Terry Fox Run UL and the CCSF, agreed to
effectively merge under the Maple Leaf Trust IMLTI umbrella. This collaboration aims to streamline
operations. reduce duplication, and enhance our collective impact for Canadian veterans, scholars, and cancer
research Initiatives. This merger has been met with strong 5UPPOrt from Stakeholders and our Patron, the
Honourable Ralph Goodale, Canada'5 High Commissionerto the UK.
Full regulatory approval of the merger was achieved in Marth 2025. with the effective "mer8ert date of 1st
April 2025. following ongoing processes with the Charity Commission and Companies House. We are grateful
for the pro-bono legal 5UPPOrt provided by Weil, Gotshal & Manges {Londonl LLP in facllitsting this process.
As of 1st April 2025, the assets and liabilities of the Maple Leaf Trust. the Canadian Centennial Scholarship
Fund and the Canadian Memorial Foundation were transferred to the Canada UK Foundation. This"merger'
brought together four UK Canadian Charities under one umbrella. The Canada UK Foundation was then
renamed the Maple Leaf Trust. Under the new and reinvigorated Maple Leaf Trust, Canadian charities in the
UK will work tO8ether to continue to fund and celebrate outstsnding Canadians so their contributions will
continue to inspire the world.

MAPLE LEAF TRUST
(FORMERLY KNOWN AS THE CANADA-UK FOUNDATION)
TRUSTEES ANNUAL REPORT
YEAR Et4DED 31- JULY 2025
ACTIVITIES FOR THE PUBLIC BENEFtt
The Charity Commi55ion in its Charitie5 and Public Benefit Guidance requires that there are two key principles
to be met to show that an organi5ation's aim5 are for the public benefit. Firstly, there must be an identifiable
benefit. Second, the benefit rnust be to the public or a section of the public.
The Trustees confirm that in setting the TrusY5 objectives and in planning its activities, that they have
compiled with the duty under sertion 17 of the Charities Artto have reBard to the Charity Commission'5
general guidance on public benefit.
Main artivltles undertaken by the Trust to further Its charltable purpose for the public benefit
Introduction
The Maple LeafTrust (formerly known as The Canada UK Foundation following the l April 2025 merger)
undertakes variou5 attivities which have been presented in these financial statements on a combined post-
merger basis. These programmatic activities will continue in the future to support education. veterans and
cancer research.
The Maple Leaf Trust funds and celebrates outstanding Canadian5 50 their contribution5 will continue to
inspire the world. We do this through our support for Canadian veterans, scholars and cancer researchers.
In the period prior to merger the historic Maple Leaf Trust Ltndertook the following activities in year to 31"
March 2025.
Supporting veterans
Our work with veterans Comprises two main areas-
Dirert Assistan￿ to Veteran5: We honour Canada's legacy by supporting Canadian veteran5 and their
families residing in the UK. Traditionally. our sUPPOrt has primarily a5515ted World War11 veterans and
their families through quarterly grants. cold weather payment5, and personal card5 of
encouragement. In 2025 we partnered with the Commonwealth War Graves Commission to support
Canadian War Graves in the UK expanding our outreach.
Educatlonal Programs Honourin8 Veterans: to fund and celebrate outstanding Canadians so their
contributions will continue to inspire the world.
Now in the fifth year of delivery, Stories Behind the Poppy delivered three digital events
acr055 SIX time zones to mark 80 years since D-Day. Schools from across Canada and the
United Kingdom attended to learn about the historyof D-Day. to hear a first-hand account of
what it was like there and to engage in creative activities with their peer5 in another country.
Overview of Impart
Teachers
Young people
Schools
280 Teachers
14,490 young people
189 unique schools
174 UK Teachers
7579 UK students
90 UK 5choo15
106 Canadian Teachers
6911 Canadian students
99 Canadian schools

MAPLE LEAF TRUST
(FORMERLY KNOWN AS THE CANADA-UK FOUNDATION)
TRUSTEES ANNUAL REPORT
YEAR ENDED 315TJuLY 2025
5upportin8 scholar5 through our scholarship program
Through the Canadian Centennial Scholarship Fund ICCSFI. we awarded over £75.000 annually in scholarships,
supporting 14 postgraduate scholars across the UK. Since its inception. the CCSF has awarded more than 500
scholarships. cultivating Canada's future leaders in academia and the arts. In November, we co-hosted a
networking reception at Canada House, uniting past and present CCSF scholars and showcasin8 their
contributions to various fields.
Acknowledgments
We are immenselygrateful forthe support of our patron. Hi5 Excellency the Honourable Ralph Goodale, who
artively enga8ed with our programs. induding deliverin8 a keynote at the annual CCSF networking reception.
The Maple Leaf Trust will continue with these programmes in conjunction with the preparation of the biannual
Maple Leaf Ball which be held on May 14, 2026. This has historically been the main fundraising vehicle for the
trust. The net surplus from this ball w411 continue to fund the programmes of the Maple Leaf Trust.
Strateglc Collaboratlon
This year marked a signilicant development as several Canadian organisations operating in the UK. including
the Canada-UK Foundation, Canada Memorial Foundation. Terry Fox Run UK. and the CCSF, agreed to
effectively merge under the Maple Leaf Trust IMLT) umbrella. Thi5 collaboration aims to streamline
operation5, reduce duplication, and enhan￿ our collective impart for Canadian veterans. scholars. and cancer
research initiatives. This merger has been met with strong support from stakeholder5 and our Patron, the
Honourable Ralph Goodale. Canada's High Commissionerto the UK.
FINANCIAL REVIEW
The results ofthe year are set out on page 8.
The Trust recorded totsl income of £376,400 in the year under review. This predominantly represented the net
assets transferred by The Maple LeafTrust, Canadian Centennial Scholarship Fund and The Canada Memorial
Foundation on tst April 2025, being the mer8er date. Of thi5 total £144.989. £144,497 related to unrestricted
donation5 from The Maple Leaf Trust with the balance £492 received from individuals. The Trust also received
restricted donatlons totslling £231.411 from The Canadian Centennial Stholarship Fund and The Canada
Memorial Foundation.
During the year. the Trust incurred expenditure totalling E39.370 of which £14,920 related to direct funding of
scholars and veterans {see note 6. page 15).
At the year-end date, the Trust held £130.970 in unrestricted funds and £218,922 in restricted funds.
The Trustees are satlsfied with the results and a￿ confident that the Trust has sufficient resources to continue
as a going concern.
RESERVES POUC(
The Trustees re8ularly monttor the level of income reserves available to ensure that the Trust is able to
discharge its administrative costs as well as give donations that are affordable. The Trustees also consider the
level of reserves held at any given moment should be sufficient to rover exposure to any significant
unforeseen10s5 of income and to ensure the short-term liquidity and long-term financial stability of the Trust.
The policy would also allow the Trust time to consider and respond to its responsibilities.

MAPLE LEAF TRUST
(FORMERLY KNOWN AS THE CANADA-UK FOUNDATION
TRUSTEES ANNUAL REPORT
YEAR ENDED 31" JULY 2025
INVESTMENT POLICY
The Trustees. policy over their investments is that they should achieve a maximum current income consonant
with the intention that. in the longer term. the income stream must increase by at least the rate of inflation.
To do this, the Trustees, together with their investment advisers, will continue to monitor the Trusys Portfolio.
TRUSTEES, RESPONSIBILMES
Charity law require5 the Trustee5 to prepare financial statements for each financial year that give a true and
fair view of the Charitvs financial activities during the year and of its financial posltion at the end of the year.
In preparing financial statements giving a true and fair view. the Trustees should follow best prattice and.
Select suitsble accounting policies and then apF4y them consistently.
observe the method5 and principle in the Charities 50RP 2019 IFRS 102)
Make judgements and estimates that are reasonable and prudent
Prepare finanoal statements on a going concern basis unles5 It 15 inappropriate to presume that the
Charity will continue to operate.
The Trustees are responsible for keepin8 accounting records which disclose with reasonable accuracy the
financial position of the Charlty. and which enable them to ensure that the financial statements comply with
the Charities Art 2011 and the Chariws Constitution. They are also responsible for safeguarding the assets of
the Charity and hence for takin8 reasonable steps for the prevention and detection of fraud or other
irregularities.
Approved on b half of the Board of Trustees on 6th April 2026 by:
Mr Robert Brant (Trustee)

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF
MAPLE iEAF TRUST
(FORMERLY KNOWN AS THE CANADA-UK FOUNDAnoN)
I report to the charity trustees on my Èxamination of the accounts of Maple Leaf Trvst CIO (Formerly known as
Canada UK Foundation) for the year ended 31" July 2025. which are set out on pages 8 to 18.
Responsibilltles and basls of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirement5 of the Charitbes Att 2011 {'the Act,).
I report in respect of my examtnation of the Charity's accounts as carrled out under settion 145 of the 2011
Act and In carrying out my examination, I have folli)wed all applicable Directions given by the Charity
Commission under section 14515)Ib) of the 2011 ACL
Independent examlner's statement
The charit￿$ gross Income exceeded £250,000 and l am qualified to undertake the examination by belng a
quallfied member of the Association of Chartered and Certified Accountants.
I have completed my examination. I confirm that no material matter5 have come to my attention in
connection with my examination which gives me cause to believe that in any material respett:
accountlng records were not kept In respect of the Charity as required by Section 130 of the 2011 Act"
or
the accounts do not accord with the accounting records; or
3. the accounts do not comply with the applicable requlremÈnts concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fairview whlch is not a matter con51dered as part of an
independent examination.
I have no concerns and have come across no other matters in connectlon with the examination to which
attention should be drawn in this report In orderto enable a proper understanding of the accounts to be
reached.
M Kourea5 FCCA
Hetherington & Co
Chartered Certified Accountants
Second Floor,289 Green Lanes,
Palmers Green.
London N13 4x5
Dated: 6th April 2026

MAPLE LEAF TRUST
(FORMERLY KNOWN AS THE CANADA-UK FOUNDATION)
STATEMENT OF FINANCTAL ACTIVITIES
FOR THE YEAR ENDED 31STJULY 2025
Restated
Total
2024
General
Fund
Restritted
Funds
Total
2025
Note
INCOME AND ENDOWME￿5
Incomlng resources from generated funds
Donations and legacies
144.989
231.411
376,400
2,447
Other income
3,333
Total
144,989
231.411
376,400
5.780
EXPENDITURE ON
Raising Funds
3.965
3,965
Charitable expenditure-
15,038
20,367
35.405
18.740
Total
19,(K)3
20,367
39,370
18.740
Net incomel (expenditure) for the year
before gains (losses) on investments
125.986
211.044
337,030
112,9601
Net gains1105se5) on investment assets
7,878
7,878
Net Movement in funds for the year
125,986
218,922
344.908
112,960}
Reconciliation of funds
Total funds brought forward
4384
4,984
17.944
Total Funds carried forward
130,970 £ 218.922 £
349,892 £
4.984
The notes form part of these finanoal statements

MAPLE LEAF TRUST
IFORMERLY KNOWN AS THE CANADA-UK FOUNDATION)
BALANCE SHE
AS AT 31ST JULY 2025
Restated
2024
2025
Note
FIXEDASSETS
Tangible Assets
Investments
119,940
119,940
CURRENT ASSETS
Debtor5
Cash at bank and in hand
io
18,235
215.738
12,951
233,973
12,951
CREDITORS: Amounts falling
due within one year
4.021}
[7,9671
NET CURREKf ASSErs
229.952
4,984
NET ASSETS
349,892
4.984
REPRESENTED BY..
General Fund
Restricted Fund
14
14115
130.970
218,922
4.984
349.892
4,984
Approved on behalf of the Governin8 Body on 6th April 2026 by..
. Mr Robert Brant (Trustee)
The notes fom part of these financial statements

MAPLE LEAF TRUST
{FORMERLY KNOWN AS THE CANADA-UK FOUNDATION)
NOTE5 TO THE FINANCIAL StATEMENTS
FOR THE YEAR ENDED 31ST JULY 2025
ACCOUNTING POUCIES
The principal accounting policies adopted in the preparation of the financial statements were as follow5-
1.1 Basls of Accountlng
The financial statements have been prepared in accordance with the Accounting and Reporting by Charities..
Statement of Recommended Prattice applicable to Charities preparing their accounts in accordan￿ with the
Financial Reporting Standard applicable in the VK and Republic of Ireland IFRS 1021 (effective 1st January 20151,
The Charities Act 2011 and applicable re8ulations.
The financial ststements have been prepared under the historical cost convention with items recognised at cost
or transaction value unless otherwise ststed in the relevant note{51 to these accounts.
The financial statements are prepared in sterling. Monetary amounts are rounded to the nearest E.
The Charity meets the definition of a public benefft entity a5 defined by FRS 102.
1.2 Going ¢oncÉrn
The Trustees have assessed whether the use of the going concern basis is appropriate and have considered
Possible events or conditions that might cast doubt on the ability of the Charity to continue a5 a going concern.
Havlng assessed the Charity's fijture cashflows and projections. the Trustees have concluded that it has
SLrfficient resources to tontinue in operational existence for the foreseeable future and consequently it
appropriate to continue to adopt the goin8 concem ba515 in preparing its financial statements.
1.3 Income
Voluntary income including donation5. gifts. legacies or Srants from various individuals, corporations and
charitable foundatb?ns are recognised where there is entitlement. any conditions attached to the itemlsl of
income have been met, it is probable that the income will be received and the amount can be measured reliably.
Such income is only deferred when:
al The donor specifies that the grant or donation must onty be used in future accounting periods.
bl The donor has imposed condttions whith must be met before the charity has unconditional entrtlement.
Income generated from fund rdising events is recognised when earned.
Income tax recoverable in relation to donations received under gift aid or deeds of covenant 15 recognised at the
time of the donation.
Income tax recoverable in relation to donations received under gift aid or deeds of covenant IS
recogni5ed at the time of the donation and when there is a valid declaration from the donor.
For Legacie5. entitlement is tsken as the earlier of the date on which either: the charity is aware that probate has
been granted. the estate has been finalised and notification ha5 been made. or when a rlistribution is received
from the estate. Receipt of a legacy in whole or in part is only considered probable wh2n the amount can be
measured reliably and the charity has been notified of the executor's intention to make a distribution. Where
legacies have been notified to the charity. or the charity is aware of the granting of probate and the criteria for
income recognition have not been met, then the legacy 15 treated as a contingent
IA Donateql good5 and 5efvices
Donated services and frdcilttie5 are recognised a5 income when the charity has control over the
item, any conditions associated with the donated item have been met. the receipt of economic benefit
from the use by the charity of the item is probable and that economic benefit can be measured reliably.
No value is placed on the donated profe55ional legal service5 received, as the economic benefit cannot be
measured reliably, due to lack of information generally and due to difficulty in determining and measurin8 the
market value of the support given.
io

MAPLE LEAF TRUST
(FORMERLY KNOWN AS THE CANADA-UK FOUNDATION)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31STJULY 202S
AccouMfiNG POLICIES
1.5 Income from interest
Interest on fund5 held on deposit is included when receivable and the amount can be measured reliably
by the charity.
1.6 Investment galns and losses
Thi5 includes any realised or unrealised gains or1055es on the sale of investments and any gain or loss
resulting from revaluing investments to market value at the end of the year.
1.7 Resources Expended
Expenditure is recognised ono there is a legal or constructive obligation to make a payment to a third
party, it is probable that settlement will be required and the amount of the obligation can be measured
reliabFy. Expenditure is cla$5ified under the following headings=
Cost of raising funds are those costs incurred in attracting voluntary income.
Expenditure on charitable artivities includes all direct costs inojrred to further the purpose of the
charity together with associated support costs.
Other expenditure represents those items not falling into any other headin&
Grants payable refer to payments made to third parties in furtherance of the Charity'5 objects.
Grants are accounted for when either the recipient has a reasonable expertation that they will
receive a grant and the Governing Body have agreed to pay the Brant without condition, or the recipient
has a reasonable expectation that they will receive a grant and the condition attaching to the grant is
outside the control of the Goveming Body.
Provision for grants are made when the intention to make a grant has been communicated to the
recipient unless there is uncertainty about either the timing of the grant or the amount of the grant
payable.
1.8 Taxation and Miscellaneous
As the charity is a registered charity, it is not liable to incorne tax on its charitable attivities land it
does not undertake any non-charitable trading). The charity is unable to recover VAT, and all expenditure
is thus stated inclusive of VAT vthere applicable.
Other policies are explained within the notes on Specific aspects of the accounts.
1.9 Allocation of support Costs
Support costs relate to those costs incurred direcdy in support of expenditure on the Charity's objects,
which cannot be directly attributed to particular activities.
Governance costs include those costs incurred in the governance of the Charity and are primarily
a550Clated with constitutional and statutory requirements. Both support and governan￿ costs have
been allocated between the Foundation's charttable activities and the basis on which the support costs
have been allocated are set out in note 4.
li

MAPLE LEAF TRUST
IFORMERLY KNOWN AS THE CANADA-UK FOUNDATION)
NOTES TO THE FINANCIAL STATEMEMrs
FOR THE YEAR ENDED 31ST JULY 2025
ACCOUNTING POLICIE5
1.10 Tanglble Ilxed assets
All tangible fixed asset expenditure is capitalised at cost. Provision is made for depreciation on all
tangible fixed assets, at rates calculated to write off the cost or valuation less residual value of each
asset over its expected useful lrfe as follows-
Fixtures. fittings and equipment
- 33.33% straight line
At each reporting end date. the charity 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 determine the extent of the impaimient
loss lif any).
1.11 In¥e5tments
Investments are a form of basic financial instrument and are initially recognised at their
transaction value and subsequently measured at their fair value as at the balan￿ sheet date
using the closing stock market price. The Ststement of Financial Artivities include the net goin5
and losses arising on the revaluation and disposals throughout the year.
1.12 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, other 5hort-term liquid
investments with ori8inal maturities of three months or less. and bank overdrafts. Bank overdrafts are
shown within borrowings in current liabilities.
1.13 Ba51c Flnancial instruments
The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FR5102 SORP.
Subsequent measurement is as per paragraphs 11.17 to 11.19, FR5102 SORP.
1.14 8aslc flnanclal assets
Basic financial a55ets, which include debtors and cash and bank balances. 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 trans3ction 15 measured at the
present value of the future receipts discounted at a market rate of interest. Financial assets ¢las5ified as
receivable withln one year are not amortised.
1.15 Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recogni5ed at transaction pri
unless the arrangement constitute5 a financins transaction, where the debt instrument is measured at the
present value of the future payments discounted at a market rate of interest. Financial liabilitie5 cla55ified as
payable within one year are not amortised.
Trode creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are da55ified as current liabilities if payment is due within one
vear or less. If not, they are presented as non-turrent liabilities. Trade creditor5 are recognised initially at
transaction price and subsequently measured at amortised cost usinE the effective interert method.

MAPLE LEAF TRUST
IFORMERLY KNOWN AS THE CANADA-UK FOUNDATION)
NOTE5 TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2025
ACCOUNTING POLICIES
1.16 Fund accounting
Unrestricted fund5 are available to spend on activities that further any of the purposes of the charity.
Desi8nated funds are unrestrirted funds of the charity which the Trustees have decided at their discretion to
set aside to use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of
the charity'5 work or for specific projects being undertaken by the charity.
1.17 Crltlcal 3ccountlng estimates and judgements
In the application of the charity's accounting policies. the trustees are required to make judgements,
estimates and assumptions about 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 relevanL Actual results moy differfrom these estimates.
The estimates and underlying assumptions are reviewed on an ongoing ba515. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period. or in the period of the revision and future period5 where the revision affects both current and future
periods.
13

MAPLE LEAF TRUST
(FORMERLY KNOWN AS THE CANADA-UK FOUNDATION)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 315TJULY 2025
Restated
Total
DONATIONS AND LEGACIES
General
Fund
Restricted
FLtnd5
Total
2025
2024
Donation5 received on merger
Donations from individuals
144,497
492
231.411
375.908
492
2,447
144.989
231.411
376,400
2,447
OTHER INCOME
The comparative figure relate5 to income received from the Canada Memorial Foundation for administrative
and stewardship duties perfomied by Maple Leaf Trusi {Formerly known as Canada-UK Foundation).
ALLOCATION OF SUPPORT COSTS (INCLUDING GOVERNANCE COSTS}
The charity Initial￿ identifies the costs of its support functions. It then identifies those costs which relate
to the 8overnance function. Having identified its governance costs, the remaining sUPPOrt costs are
apportioned between charitsble activities undertaken in the year. Referto the table below forthe basi5 of
apportionment and the analysis of sUPPOrt and governance costs.
Restated
allocation
Costs
Governance
Total 2025
2024
Staff costs
Independent examiners fee
and Communication costs
General Offi￿ expenses
Administrative support costs
Advert15in8 and marketin8 costs
Printing and editorial costs
rime
8,253
3,224
I,ioi
244
USaEe
4.625
4,625
1.863
1,272
15.000
1.690
usage
1,863
1,272
Usa8e
Usage
1,895
4,453
1,019
usage
1,690
U53ge
19.825
4,625
24,450
20.189
14

MAPLE LW TRUST
(FORMERLY KNOWN AS THE CANADA-UK FOUNDATION)
NOTES TO THE FINANCIAL STATEMEKrs
YEAR ENDED 31STJULY Z025
COST OF RAISING FUNDS
Restated
Total
2024
General
Restritted
Total
Fund
Fund5
2025
Allocated support costs
3,965
3,965
3.965
3,965
ANALYSIS OF CHARITABLE EXPENDITURE
Restated
Totsl
2024
General
Funds
Restricted
Funds
Total
2025
UK travel awards
UK doctoral 5tuden5hips
Seed funding
Veteran5 5UPPOrt committee fund
Scholarship award5 and other related costs
Programme delivery fees and netsvroking costs
Allocated support C05ts
962
I,ooo
16,1111
5(Kl
500
14,420
14.420
2,700
20,189
14.538
5,947
20.485
15.038
20.367
35.405
18,740
For the year ended 315t December 2025. charitable expenditure wa5 £35,40512024: £18,740> of which
£20,36712024'. £nil) was expenditure from restricted fund5.
ANALYSIS OF STAFF COSTS
Restated
Salary
2025
2024
8,253
8,253
The average number of ernployee5 durin8 the year was nil (2024: 21. No member of stsff earnod more
than £60,000. The Trustees did not receive any remuneration or benefits in kind12024.. ENill. The
Charity paid £15,000 for admi5trative support via a freelance consultant and this cost is shown under
support cost.
15

MAPLE LEAF TRUST
(FORMERLY KNOWN AS THE CANADA-UK FOUNDATION)
NOTES TO THE FII4ANCIAL STATEMEKtS
YEAR ENDED 31STJULY 2025
TANGIBLE FIXEDASSETS
Office
Equipment
Cost:
Balance brought forward IstAu8USt2024
Additions in the year
Disposals
At 31st July 2025
880
880
Depreclatlon..
Balance brought forward 1st August 2024
Disposals in the year
Charge for year
At 31st July 2025
880
{8801
Net book value at 31st July 2025
Net book value at 315t July 2024
INvE5fME￿5
2025
2024
Market Value as 3t 1st August 2024
Additions to investments at cost
Disposals proceed5
Realised and unrealised gains for the year
112.062
7.878
119.940
Cash held with broker5
Market Value as at 31st July 2025
119,940 £
Inve5trnents at market value comprise:
UK and European equities
119,940
Historical cost as at 3tstJuly 2025
112,062 £
The above investments form part of the retTiCted funds.
16

MAPLE LÉAF TRUST
IFORMERLY KNOWN AS THE CANADA-UK FOUNDATION)
NOTES TO THE FINANCIAL STATEMEpirs
YEAR ENDED 315TJULY 2025
Restated
2025
2024
io
DEBTORS
Sundry debtor5 and prepayments
18,235
18,235
Restated
2024
li
CREDITOR5- AMOUNTS FALUNG
DUE WIThIN ONE YEAR
2025
Other creditors and accruals
4,021
4,021
7,967
7,967
12
OPERATING LEASE COMMITMENTS
The Trust has no commitments for future lease payments.
13
ANALYSIS OF N￿ASSE[s BEtWEEN FUNDS
General
Funds
Restritted
Funds
Total
Fixed assets
Investments
119,940
98,982
119,940
233,973
4.021
349,892
Current assets
Creditors
134,991
(4.021)
130,970
218.922
14
FUNDS
Asat
Incoming
Resource5
Outgoing
Re5ource5
Inter-Fund
Asat
1.8.2024
Transfers
31.07.2025
General funds
4,984
144,989
119,0031
130,970
Restricted funds
The Scholorship Funds..
Canadian Centennial
Schol3r5hip Fund
121.257
121,257
Canada Memorial
Foundation Fund
118,032
(20.367)
97,665
4,984
384,278
139,370
349,892
17

MAPLE LEAF TRUST
(FORMERLY KNOWN A5 THE CANADA-UK FOUNDATION)
NOTES TO THE FINANCIAL sfATEMENTS
YEAR ENDED 315TJULY 2025
15 RESTRicfED FUNDS
Canadlan Centennlal Scholarship Fund
This fund relates to schcAatship5 given to Canadian pOSt￿Oduates studying at differrent universities,
colleges, and conseNatories across the United Kingdom. Scholarships are given annually. Recipients are
chosen on the basis of academic excellence. as well as on their ability to represent Canada within the UK
ac2demic and artistic community. Awards are granted to stholar5 from a wide range of disciplines
including scien￿. engineerin& social science. music. humanities, and creative arts and design.
Canada Memorial Foul￿ation Fund
This fund relates to providing life4hanging s(holarships for exceptional British students to pursue
postgraduate study in Canada.
16 RELATED PARTY TRANSAcfioNS
The Trustees did not receive any remuneration or benefits in kind12024- £Nill. During the year the Charity
paid £Nil (2024= £Nill for any of the Trustees in respect of expenses incurred in connection with their duties as
Trustee5.
Donations and fundraisin8 income received from related parties (Trustees) for the year was £Nil {2024,. £Nill.
17 CHARITY LEGAL STATUS
The Maple Leaf Trust (Formedy known as Canada-UK Foundation) is a Charitsble Incorporated
Organisation and registered with the Charity Commi55ion for England and Wales (charity number 11686301.
18