Cornpany No. 111286814 IEnAl¥nd and Wales) stered Charlty 140. 241936 FELLOWSHIP OF THE PJilPLE LEAF (ThEI {A comp•ny Ilmlted * lu•rtte) REPOAT AND FINANCIALSTATEMENTS FOR TNE YEAR ENDED 31 DECEMBER 2024
FELLOWSHIP OF THE MAPLE LEAF (THEI copirEPUS TRVSTEES, REPORT INDEPENOENT EXAMINER5 REPORT STATEMENTOF FINANCL4L•£TNmÉs IINCOIIPORATING INCOME & EXPENDffUAE *£COUNTI 8ALANCE SHEET NOTES TO THE FIPW4CL4LsfATEMENTS
FELLOWSHIP OF THE MAPLE LEAF (THE) TrUSTEES' REPORT The Trustees are pleased to present th•r annual pOrt t4ether with the financial ststernents tor the year ending 31 Detember 2024 Iwhich are a150 prepared to tiet the feouirements lor a directors. report and finanaal statements for the purpose5 01 the CornpaThie5 Art 2C(61. OBJECTIVES & ACTMTIES Our main objectives can be surnm•rlsed as asgsbng th¥Jrthes in Canada and the United Kingd¢Nn to learn from each other in the areas of ministry. education. and soc4al cLM)cwn and to 8rant individual bursarie5 for Stu and 5harfn8 of experiences for Canadian5 cornin8 to the United n8dOrn and British people going tts Can•Ja. lfi stttin8 our pro8rarnme for makln8 8rants eath year we have regard to both the Charfty Ctynmlsslon's general guldance on publlc benefit and the ad¥anceJment of lI610U$ education for the public benefft. The Trustees always ensure that the grants are made In lin¢ wlth our ch•flt8ble oble¢ts •nd ilms. ACHIEVEMEN & PERFOAMAIKE Ourin8 the year the Btsard only rrfeivtd a grant request from one UK indryidual. whith was approved, and Tl¥ed no applitations lor grants from Canèdlan Indmduals. The Board approved thè first annual grant of a new four year agreement to the Vancouver Sthool 0fThed0 N•ti¥e Mini5ty Consortburn in support ol Its Summerkhool. The 8oard ha5 been able to facilitate tross Atlantit on-line meetln8s and dl¥ussions wlth Interested p•rties on both sldes of the Atlantlc and St 55 hoped th¥t nwe 8rani applitations will be fLVthcomln8 next year. The Board contlnues to re(elvt thanks •rKI SMlaUn1 reptyts from fedpftts of grants award4d. FINANCIAL REVIEW The charitable company retefved totsl 5n¢ome ot £33.21X12023: £32,055) and Incurred a total of E17.255 12023.. £17.4261 by way of expendlture le•viftg net income 01 £15.95312023'. £14,629). Income comprises dwidtnds and intres(8enerated from Invtrnnts and depos5ts. Expendltyre Indudes 8rnnts made totall1 £12.838 12023.. £13.6391. The fi8ures are as sh¢Mn in the Statement ol Financial Artivlties. The Ststernent of Fln•r•c4•1 A¢tfvlties also rnfftects the net 8•ln M Investments of £25.482 12023.. £95.7391. This tvdether with the above noted net income me•ns the LMr•ll net increase in lund5 Was £41,43512023.' £110,3681. The Trustets ar• sat5sfied with the results lor th• y•ar •sih•y continue io monltor the finand sltuadm. In respect of reser¥es. the Trustees have a Olcy of malntalnSn8 reserve5 to protect a6alftst unforeseen fluCtUaon$ In Income. The policy Is to malntain unrestricted general funds at a level which would enable the ch•rttable cornpany to ontlnue the Pro510 of serrices if its sourcrt of incorne were to cease or be delayed si8nificantly In their g•yment. The Trustees consider thai it Ss prudent lor them to aim to hold reserves equatlne to one year's income. The Trustees ère sat15fied that the rernainln8 balance on unfestricttd general funds ytisfactory at 31 Decernber 2024, in Ilne wlth this sTrucniRE, GOVERNAPKE & MANAGEMENT The charity is a cornpèny limite¢ by 8yarante* and as suth ha5 no share c•pltsl. It 15 8o4emed by its MeMandum and Artide5 of A5s¢xlation. Potential new Trustees are usually recommended to the Board. somttime5 ty angther Trustee. sometimes because a potential Trustee has benefttted frorn a FML Brant In the past and they have expressed an Intet to be involved, always be(au5e the potential Trustee has some understafidin8 of INdigenous ministry in Canada. A potential Trustee is inted to attend a Board meeng to get a 'fed' fof the way the Board opeote5 and then. rf appropriate. an apptyntmeni would be made at the ne¥t AGM.
FELLOWSHIP OF ThE MAPLE LEAF ITHEI TRUSTEES, REPORT ICONTDI ADMINISTRATIVE DETAILS Ch¥rlty numlxr Cornpany number Regb5tered office Trust•s 241936 CQ286814 (England and Walesl The Wicara8e. 18 Chyich Road, London, N6 4QH Revd Dr Jacob Belder Revd Dr Ellen aark-nI Rtvd Dr Jennsferco Revd lan Ed8ar Rt¥d Dr Chven Edwards Re¥d Dwayne En8h l•pwnted 10 May 20241 Revd Christine Hall Revd Jthn Henry lappointed 10 May 20241 Revd mmothy Miller Mrs Mar84rt Moyts Very Redd ArKlrew Nunn Comp•ny xcret•ry Re¥d fimothy Milltr TRUSTEES, RESPONSIBIUTTES The Trusiees Iwho are also the reCtOrS ol the ch•rttable company for the PUfPOSeS of tomp•ny lawl are responslble for prepadn6 a Trustees. annual report and financial stat•nents in accordante with appllcable law ind Unltel Kingdom Accountyn8 Standards Iunittd Kin8d¢)m Generally Accepted Accounttn6 PractKel. Company law requlres the charitable cornpany Trustees to prtpare finantial statemèftts fof each finantlal year which givè a true and la5r vlew of the stste of affairs of thè chadtablè company and of its intomln8 resourcts and appllcatitsn of resources. includin8 the Income and expenditurè of the tharftable tompany for that pedod. In preparlng the finonclil statements the Trustees are rtquirtd to.. - 5elert suitable accounting polides and then 3ppty them C$tentIv.. - observe the methods and prlnclples in the Charities SORP.. - make lud8emtnts and estimates that are reasonabl• and prudent: - state whether applicable UK a¢coJntin8 siandards and Statements ol Reccmmended Pr•rtice have been followed, subje to any rnatedal departures d5s¢l0 an<t explained in the financial statements. and - prepare the financial statements on the 80in8 contem basis unless It is inappropriate to presume that the thèrltablt company wlll continue in optrntithi. The Trustees a responslble for keepirg propef a¢c¢Juntin8 records that dis¢lose with reasonable atturaLy at any tlme. the rinancial position of the charitable company, and to enable them to ensure that the finan¢¢al statements ttjrnply with the Companies Art 20C6. They a also responsible f¢y salt8uarding the as5tts of the charitable tompany and hentè lor takin8 reasonable steps for the prevention and detectFon ol fravd and other irre8ularities.
FELLOWSHIPOF THE MAPLE LEAF IThEI TRUSTEES. REPORT IC014TDI TAUSTEES. RESPONSIBILMES It¢td> The Trustees are responsible for the maintenants and integrity of the thartty and flnarKlal infomation induded on the haritable company's webslte. LegiatIon in the United Kingdom otyernin8 the preparation and di55emination of financial statements may dlffef Irom le811t)n in other jvri5dKti¢)ns. BYORDER OF ThE gOARDOF fRUSTEES: Mrsm Trustee et Moves
NDEPENDENT EXAM114ER'S REPORT TO THE TRUSTEES OF FELLOWSHIP OF THE MAPLE LEAF ITHEI l ieport to the Tru5tee5 on my Independent examtrnation of the finanual 5tatefflents for the charitable company for the year ended 31 Defflber 2024. which are set out on pages 5 to 9. Reiwyslbllltlts IKsls of rewrt As Trustees of the charitable company land a150 Its Dlrectors for the purposes of tompany lawl you are responsible for the preparaiion ol thè financial statennts in accordance thé requirement5 of the Companies Act 216 Ithe Act 2CrfJ6I. Havln8 SatSsfled myself that the financ¢al Statements of the charitable tompany are not required to be audited under Part 16 gf the 2LK6 Act and are eli8ible for independent exarnination. I report in respect of my examination ol your Charitable ompany's financial statemthts as caffied out under section 145 of the Charities Act 2011 (the 2011 Actl. In carryin8 Out my examinatlon I have followed the reCtionS 8wen by the Charity Commission under sertion 145151 Ibl ol the 2011 Act. Independent exomlnerfs Jtotement I have cornpleted my examination. I confimi that nty matters h•¥e c(ffie to my attention in connettion with the examination 8ivin8 me cause io believe.. i. accounting retords were not kept Sn respect of the charitable ¢omp•nya5 required sert& 386 of the 2CQ6 Act,. or 2. the financlal statements do not accord with those record5,' or 3. the flnancial ststemtnt5 not comply with the acCnting rtquirtrTnts D15ection 396 of the 2LK6 Act other than any requlrement that the finanual ststements 8ive a true and lair view which ts ngt • m•ttef Considered as part ol an independent examination.. or 4. the financlèl statements ha not been prepared In acctyd•nt with the methods and prlnclple5 of the Statement ol Recommended Practict lor account5n8 and reponin8 by charities lapplltable to ¢h¥rities preparlng their flnanclal statements sn accordance with the Financial Reportin8 Standard appIlble tn the UK and Republic of Iland (FR5 10211. I havt no ¢¢)n¢ern5 ano have come across no other matters In connertion with the examlnati¢)n to which attention should be drawn sn thls report In order to enable • proper understsnding of the fi041 starernwts to be reached. Allson Gr•v Chartered Auouni•nt IICASI L• Noyer, Etirkk Terrac• Selklrk TD7 4LE
FELLOWSHIPOF ThE WIPLE LEAF ITHEI STATEMENTOF FINANCMACTNMES Ilncorporatin8 Income & Expenditure Account) Forthe Yr Ended 31 Offernber 2024 Unrestrkted Endgwment Total funds Totsl funds Funds Funds 2024 2023 IrKom• from: Investments 33,X 33.2L 32,OSS Total Incorne 33,21 32.055 E¥p•ndlwr• on: Grants 12,838 3.721 696 13,639 3.091 696 General funnln6 Costs Indendnt examlner's fee 3,721 696 Toial xpendltyre 17,255 17.255 17,426 Incom• 15.953 15.953 14,629 Oth•r r•wnlMd illn<1•%). Galns on re4aluatlon of knvestments NET MOVEMENT IN FUNOS 15.953 25.482 41,435 110,368 I¢ECONCILIAnoN OF FU14DS.. TOTAL FUNOS BROUGHT FOAWAID 174. 1036.347 1.211.313 I ICQ,945 TOTAL FUNDS CIRRIED FORWARD 190,919 I,C61.829 1,252.748 1,211313 The notes on pa8es 7 to 9 fr•rm part ofthese ftnantial siatemeftts.
FELLOWSHIP OF THE MAPLE LEAF (THEI Comw No. lJ)286814 IEniland and Walesl BALANCE SHEEr As at 31 Oe¢mber Xt24 2023 Note FIXED ASSETS Investmenrs 1,138.818 1,113,336 CURRENT ASSETS Cash ar bank and in hand 114.626 98,673 114,626 98,673 LIABiunES Crditor5.' Amountsfollit¥J due wkhin one NET CURRENT ASSETS 696 696 113.930 97.977 TOTALASSETS LESS CURNT UA•IUTIES 1,252.748 1,252,748 1,211,313 1,211,313 TOTAL NET ASSETS FUNDS OF ThE CHARITY Unrestrictèd funds Expendable endowment funds TOTAL CHARif¢ FVNDS 190.919 174.966 1,061.829 1,252.748 1.036.347 1,211.313 The charltablè tompany Is ntttled ¢0 ¢xnpYon from •uillt under 477 01 thé Companlts Act 2CQ6 for thè year ended 31 December 2024. The members hw• not requested the ch¥rt•ble c(mp•ny to obt•ln an •udtt of its finarKW ststements for the year ende41 31 Oec*mber 2024 in accordance with sertlon 476 of the CompaniesAci x6. The Trustees acknowled8e thdr responslbllltles frr. lal ensurin8 that the chatable comnY keeps proper aCcJntIft1 whlth cornp wlth Sertion 386 and 387 of the cornpan1 Act 2CQ6. and Ibl prtparSn8 finantial ststemeftts which a tnjt and fair view ol the statt of affairs of the charltable company at the end of eath finantial year and of its Surplus or defiot for the financial aT in ae¢rKdante with ihè rt4uirements of section 394 and 395, and whith Otherwise tomply with the reguir•nents of tht Companies Act 2¢6 relatinB to fin•n¢l•l statements. so for is applICab to thè charftable tompany. These financial 5taternents ha¥t betn prepartd In attudanct wAth the F)f¢y¥islons applK•ble to companies wblect to the small cornpanie5 regirne. The finan¢l¥l statemefits on pages S to 9 were ¥PTmd the Trustees ¢)n 24 Marth 2025 and were s18ned on thèir behalf Mrsm Trustee et Moyes The notes on pages 7 to 9 form part ofthe5e finantial statements.
FELLOWSHIP OFTHE MAPLE LEAF (THEI NOTES TO THE FINANCLAL STATEMENTS For the Year Ended 31 Decernber 2024 I ACCOUNTING POLKIES 8tssts olpreporotlon The financial staternents ha¥e l)eeft prepared In attordance wlth -Accountln8 and Reportin8 by Charities.. Ststement of Recommented Practice applicable to charities preparing th•r a(count5 in accordance with the Financial Reportin8 Standard applicable in the UK and Republic ol Ireland IFAS 1021 leffecti¥e January 20191" (Charities SORP FRS 1021., the Flnan¢lal Rtportini Standard appllcable in the UK and Rèpublic of Ireland IFRS 1021.. wlth the Ctynpanies Act 26 and wlth the chartty's Memorandum and Artldes of Assooation. The tharitable company constitutes a public benefft entity as defined by FRS 102. There are no rnaterfal uncertaintfjes •bout the tharftable cornp•nls ablllty to continuè Is a goin8 conttrn. Incoffle recotynhlon All income Is retO8nised once the Chable company h•s entlement to the Income. It Is probable that the Income wlll be recelved and the amtyjnt of Income fecelvable can be mèasured rtllabty. rrfoqnlNon Uabllitles are recognised as expendlture as soon as there is a le8al or constructive obligation committln8 the charitable company to that expenditure. it is probable that settitmnt w511 be reqyired and the amount of the obllgatlon can be measured reliab. All exwdlture Is accounted for in Kcruals ba5 and has been classified under headlng5 appropriatè to the charftable companls drcumstanets Gr•nts ¥r• p•ld once applIcaan$are approMI by the Trustees. In¥utments Invesiments are a form of bask flnantlal Instment which ar initially rtCO8ni5ed at thelf orl8lnal transartlon value ènd subsequentfy measured at thelr lalr value as at the balarKé sheèt date uslni the c1051fte quoted market prlte. The Ststernent of FlnKlal Actlvttles Indudes the net ylns and losses arisw on re4•lua0fi •nd dlsposals throu8hout the year. Funds ljnrestrfrted 8ener•l fvftds are lunds whith be used In •ttCKd•nce Vrith the obittts of the th•rftoble compJny It the dlscretion ol the Trustees. Atstricted income funds are funds that can ty)ly be used lor partScular purposes wlthSn thè oblects ol the chafltable company. Rstrlttlons artse when speclfi•d donor or whèn funds are raised for partlcular restrfcted purposes. Thefe currentty rtro rest¢tell Income funds. Endowmient funds are 0150 resiricted and thè harlt•ble cornpany has an èxpendable nd¢VnenI fund. represèntin8 tht net 5ncrew in the value of assets invested through The CBF Church of England lTrvestrnent Fynd, which •r* held to produce Incorne out ot ¥vhlch the expenses of the charitable company are paid. and alsQ the 8rants made. 2 INVESTMENT INCOME 2024 2023 Ddends Interest 30,905 2,303 30,432 1,623 32,055 3 GPANTS PAID 2024 2023 Vancouver School ofTheolc Grants io individuals (Canada) Grartts to individuals IUKI 11.638 9,014 1,175 3,450 13,639 1,2 12.838
FELLOWSHIP OF THE MAPLE LEAF ITHEI NOTE5 TO THE FINANCIAL STATEMEpifs ICOPlfDI Forthe Ye•r Ended 31 December Z024 d TRUSTEES. REMUNEKAYION AND EXPENSES Re¥d Tirnothy Millef was paid £2.24312023: £1.7631 and Mrs Mar8aret M¢)yes Wa5 paid £56112023.. £4411 for 5ecretsdal )eCeS during the year. Expenses reimbursed totalled £65512023: E6821 in rttptrt of 5 Trustte$12023: 5 Trusteesl for s•Mtes pr¢Nided to the eharfty. 5 RELATED PARTYTpANcr1OS Other than described in note 4 abo¥e. there wert no rel*ed party trnnsKt6ons. 6 INVESTMENTS Llsted Inv¢stments Cort At l Janv•ry 2024 At 31 Decernber 2024 76.989 Valuatbon At l J•nu•ry 2024 Galn on valuatSon At 31 Dectmbtr 2024 M¥fkrt vlu• At 31 December 2024 1,036,347 25,482 1138 818 At 31 DKember 2023 1,113,336 2024 2023 7 CREDITORS: Amovntsfvlllnq due wlthln l year A¢£rued expenses 696 696 696
FÉLU)WSHIPOF THE WPLE LEAF (THEI NOTES TO THE FINANCIALSTATEMENTS ICCITDI Forthe Year Ended 31 December 2024 ANALYSIS OF CHARrfABLE FUNDS Galns & Funds 01.OL24 IrKorne expenses 31.12.24 UNAESTAicfED FUNDS General funds Total unrè5tr1cted lut 174,966 174,966 33.2LW 17.255 190.919 190.919 RESTRicfED FUNDS Expenéable end¢)Wrntnt fvnd Tot•1 restrkn•d fvnds TOTAL CH FUNDS 1,036.347 25.482 1,036,347 25.482 1,061,829 1211.313 33.2l 1.252,748 1061829 G•lns & Funds - PREVIOUS YEAR 01.01.23 Incorn• Éxp•nMs 31.12.23 UNRESTRrcrED FUNDS General funds 160,337 32,055 160,337 32.055 17,426 17.426 174,966 174.966 T¢>tal unr•slrlrt•d fvnds RESTRicfED FUNDS Elpenéable endowrnent fund Total r•strkn•d fvnds TOTAL CHARfTY FUNDS 940.608 940.608 I.1C.945 95.739 95,739 95.739 1.036.347 1,036,347 1.211313 32,055 17.426 The expend•ble endowment fvnd represents the nei incr••s• in value ol the fixtd asset investments, over the ortBinal pur¢h•s• prtce ol the Investrnents. whlth are hdd in order to gre4Jut intomè out gf whlth the charity expendllurels met. Total 9 ANALYSIS OF N£T ASSEIS BETWEEN FUNDS Funds Furds Fundi Investmènts 76,989 114,626 696 1,061.829 1.138.818 114.626 696 1,252 748 C•sh at bank aftd In hand Credltors.. Amoufits f4llin8 dut wlthln onèyear N•t 455ets •t 311)tt•mb•r 2024 190,919 1,061.829 Ttstal . PREWOUS YEAR Funds Funds Funds Investments 76.989 98,673 1.036.347 1,113,336 98.673 696 Cash at bank and In hand CredtOrS.. Amounts falliTh8 due tlthin oneyear 3$5ets at 31 Dttemb•r 2023 174.966 1,036,347 1,211.313