**REGISTERED COMPANY NUMBER: 00286814 (England and Wales) REGISTERED CHARITY NUMBER: 241936**
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2021
## for
Fellowship of The Maple Leaf(The)
Michael Goddard Chartered Certified Accountant 57 Markfield Road Caterham Surrey CR3 6RQ
Fellowship of The Maple Leaf(The)
## Contents of the Financial Statements for the Year Ended 31 December 2021
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|2|
|Independent Examiner's Report||3||
|Statement of Financial Activities||4||
|Balance Sheet|5|to|6|
|Notes to the Financial Statements|7|to|11|
|Detailed Statement of Financial Activities||12||
Fellowship of The Maple Leaf(The)
## Report of the Trustees
## for the Year Ended 31 December 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. 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**
Our main objects and aims can be summarised as to assisting churches in Canada and United Kingdom to learn from each other in the areas of ministry, education and social concern and to grant individual bursaries for study and sharing of experiences for Canadians coming to the United Kingdom and British people going to Canada.
## **Public benefit**
In setting our programme for making grants each year we have regard to both the Charity Commission's general guidance on public benefit and the advancement of religious education for the public benefit. The trustees always ensure that the grants made are in line with our charitable objects and aims.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Once again, the Board found it was unable to award many successful funding applications due to the restrictions Covid placed on worldwide travel. It was able, however, to award one grant to a UK individual applicant and it approved the second annual grant of a four year agreement to the Vancouver School of Theology Native Ministry Consortium in support of its Summer School.
The Board has again received thanks and stimulating reports from recipients of recent grants.
## **FINANCIAL REVIEW**
## **Financial position**
The income for the year less management and administration expenses amounted to £25,928 (2020 - £24,630). The total grants and lecture costs paid during the year amounted to £10,366 (2020 - £10,879).
## **Reserves policy**
The Charity holds reserves in the form of an expendable endowment fund. This fund is invested through the CBF Church of England Investment Fund. At 31st December the total invested was valued at £1,151,821. The fund is held in order to produce income, out of which the expenses of the Charity are paid and grants made. Income of about £23,500 per year is received which enables grants of £18,000 per year to be made. The trustees also aim to hold income reserves as deposit sufficient to equate to one year's income. No fund raising activities have taken place for many years.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
00286814 (England and Wales)
## **Registered Charity number**
241936
## **Registered office**
The Vicarage 1B Church Road London N6 4QH
Page 1
Fellowship of The Maple Leaf(The)
## Report of the Trustees
for the Year Ended 31 December 2021
## **Trustees**
Rev Doctor Jacob Belder Revd Dr Ellen Clark - King (appointed 12.10.21) Rev Doctor Jennifer Cooper Rev Doctor Owen Edwards Revd Christine Hall Revd Timothy Miller Mrs Margaret Moyes Very Revd Andrew Nunn Revd Preb David Sceats Revd Canon Michael Smith Rt Revd Mark Tanner Revd Eileen Turner
**Company Secretary** Revd Timothy Miller
## **Independent Examiner**
Michael Goddard Chartered Certified Accountant 57 Markfield Road Caterham Surrey CR3 6RQ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Revd Christine Hall - Trustee
Page 2
Independent Examiner's Report to the Trustees of Fellowship of The Maple Leaf(The)
## **Independent examiner's report to the trustees of Fellowship of The Maple Leaf(The) ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Michael Goddard Chartered Certified Accountant 57 Markfield Road Caterham Surrey CR3 6RQ
Date: .............................................
Page 3
Fellowship of The Maple Leaf(The)
## Statement of Financial Activities for the Year Ended 31 December 2021
|Notes
**INCOME AND ENDOWMENTS FROM**
Investment income
2
**EXPENDITURE ON**
**Charitable activities**
3
Grants paid
Other
**Total**
Net gains on investments
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|General
fund
£
29,314
10,366
3,386
13,752
-
15,562
139,643
155,205|Re
Valuation
fund
£
-
-
-
-
144,798
144,798
930,034
1,074,832|31.12.21
Total
funds
£
29,314
10,366
3,386
13,752
144,798
160,360
1,069,677
1,230,037|31.12.20
Total
funds
£
28,399
10,879
3,769|
|---|---|---|---|---|
|||||14,648
62,923|
|||||76,674
993,003|
|||||1,069,677|
The notes form part of these financial statements
Page 4
## Fellowship of The Maple Leaf(The)
## Balance Sheet
## 31 December 2021
|Notes
**FIXED ASSETS**
Investments
6
**CURRENT ASSETS**
Debtors
7
Cash at bank
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
9
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|General
fund
£
76,989
113
78,703
78,816
(600)
78,216
155,205
155,205|Re
Valuation
fund
£
1,074,832
-
-
-
-
-
1,074,832
1,074,832|31.12.21
Total
funds
£
1,151,821
113
78,703
78,816
(600)
78,216
1,230,037
1,230,037
155,205
1,074,832
1,230,037|31.12.20
Total
funds
£
1,007,023
-
63,254
63,254
(600)
62,654
1,069,677
1,069,677
139,643
930,034
1,069,677|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
Fellowship of The Maple Leaf(The)
## Balance Sheet - continued
## 31 December 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Revd Christine Hall - Trustee
The notes form part of these financial statements
Page 6
Fellowship of The Maple Leaf(The)
Notes to the Financial Statements for the Year Ended 31 December 2021
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **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.
## **Taxation**
The charity is exempt from corporation 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.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||31.12.21|31.12.20|
||£|£|
|Investment income|29,270|28,265|
|Deposit account interest|44|134|
||29,314|28,399|
continued...
Page 7
Fellowship of The Maple Leaf(The)
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
## **3. CHARITABLE ACTIVITIES COSTS**
|**CHARITABLE ACTIVITIES COSTS**||
|---|---|
||Grant|
||funding of|
||activities|
||£|
|Grants paid|10,366|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
The Reverend Preb.David Sceats was paid £1,253 (2020 - £1,647) , Margaret Moyes £418 (2020- £412) and The Reverend Timothy Miller £420 (2020 - nil) during the year for Secretarial Services.
No grants were paid to trustees during 2021 or the previous year.
## **Trustees' expenses**
Expenses reimbursed to the trustees' during the year amounted to £868 (2020 - £427).
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Investment income
**EXPENDITURE ON**
**Charitable activities**
Grants paid
Other
**Total**
Net gains on investments
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|General
fund
£
28,399
10,879
3,769
14,648
-
13,751
125,892
139,643|Re
Valuation
fund
£
-
-
-
-
62,923
62,923
867,111
930,034|Total
funds
£
28,399
10,879
3,769|
|---|---|---|---|
||||14,648
62,923|
||||76,674
993,003|
||||1,069,677|
continued...
Page 8
Fellowship of The Maple Leaf(The)
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
## **6. FIXED ASSET INVESTMENTS**
|**MARKET VALUE**
At 1 January 2021
Revaluations
At 31 December 2021
**NET BOOK VALUE**
At 31 December 2021
At 31 December 2020
There were no investment assets outside the UK.
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accrued expenses
**9.**
**MOVEMENT IN FUNDS**
At 1.1.21
£
**Unrestricted funds**
General fund
139,643
**Restricted funds**
Re Valuation fund
930,034
**TOTAL FUNDS**
1,069,677|31.12.21
£
113
31.12.21
£
600
Net
movement
in funds
£
15,562
144,798
160,360|Listed
investments
£
1,007,023
144,798
1,151,821
1,151,821
1,007,023
31.12.20
£
-
31.12.20
£
600
At
31.12.21
£
155,205
1,074,832
1,230,037|
|---|---|---|
continued...
Page 9
Fellowship of The Maple Leaf(The)
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
## **9. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
29,314
(13,752)
**Restricted funds**
Re Valuation fund
-
-
**TOTAL FUNDS**
29,314
(13,752)
**Comparatives for movement in funds**
At 1.1.20
£
**Unrestricted funds**
General fund
125,892
**Restricted funds**
Re Valuation fund
867,111
**TOTAL FUNDS**
993,003
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
28,399
(14,648)
**Restricted funds**
Re Valuation fund
-
-
**TOTAL FUNDS**
28,399
(14,648)|Gains and
Movement
losses
in funds
£
£
-
15,562
144,798
144,798
144,798
160,360
Net
movement
At
in funds
31.12.20
£
£
13,751
139,643
62,923
930,034
76,674
1,069,677
Gains and
Movement
losses
in funds
£
£
-
13,751
62,923
62,923
62,923
76,674|
|---|---|
continued...
Page 10
Fellowship of The Maple Leaf(The)
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
## **9. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Re Valuation fund
**TOTAL FUNDS**|At 1.1.20
£
125,892
867,111
993,003|Net
movement
in funds
£
29,313
207,721
237,034|At
31.12.21
£
155,205
1,074,832|
|---|---|---|---|
||||1,230,037|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Re Valuation fund
**TOTAL FUNDS**|Incoming
resources
£
57,713
-
57,713|Resources
expended
£
(28,400)
-
(28,400)|Gains and
Movemen
losses
in funds
£
£
-
29,313
207,721
207,721
207,721
237,034|Gains and
Movemen
losses
in funds
£
£
-
29,313
207,721
207,721
207,721
237,034|
|---|---|---|---|---|
|||||237,034|
## **10. RELATED PARTY DISCLOSURES**
See note 4.
Page 11
Fellowship of The Maple Leaf(The)
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
|Detailed Statement of Financial Activities
for the Year Ended 31 December 2021|||
|---|---|---|
||31.12.21|31.12.20|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Investment income**|||
|Investment income|29,270|28,265|
|Deposit account interest|44|134|
||29,314|28,399|
|**Total incoming resources**|29,314|28,399|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Grants to institutions|8,866|8,676|
|Grants to individuals|1,500|2,203|
||10,366|10,879|
|**Support costs**|||
|**Management**|||
|Secretarial assistance|2,091|2,059|
|Meeting expenses|392|164|
|Printing, postage and stationery|13|-|
|Website expenses|174|204|
|Advertising and promotion|-|742|
|Sundry expenses|176|-|
||2,846|3,169|
|**Governance costs**|||
|Accountancy fees|540|600|
|Total resources expended|13,752|14,648|
|**Net income**|15,562|13,751|
This page does not form part of the statutory financial statements
Page 12