[Attachment V]

MENNONITE HISTORICAL SOCIETY OF CANADA

FOR THE YEAR ENDED OCTOBER 31, 2003

STATEMENT OF RECEIPTS AND DISBURSEMENTS

Robert J. Bender

Chartered Accountant

Robert V . Bender,

B.Math. , CA .

Chartered Accountant

1015 Silver Springs Drive, BADEN, Ontario, N3A 3R6

Telephone (519) 634 - 5571 Facsimile (519) 634 - 5691

AUDITOR'S REPORT

To the Board of Directors of

Mennonite Historical Society of Canada:

I have audited the statement of receipts and disbursements of Mennonite Historical Society of Canada for the year ended October 31, 2003. This statement is the responsibility of the Society's directors. My responsibility is to express an opinion on this statement based on my audit.

Except as explained in the following paragraph, I conducted my audit in accordance with Canadian generally accepted auditing standards. Those standards require that I plan and perform an audit to obtain reasonable assurance whether the statement is free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall statement presentation.

In common with many non-profit organizations, the Society derives part of its revenue from the general public in the form of contributions which are not susceptible to complete audit verification. Accordingly, my examination of revenue was limited to the amounts recorded in the records of the organization and I was not able to determine whether any adjustments might be necessary to receipts and cash balances.

In my opinion, except for the effect of adjustments, if any, which I might have determined to be necessary had I been able to satisfy myself concerning the revenue referred to in the preceding paragraph, the accompanying statement of receipts and disbursements presents fairly, in all material respects, the cash transactions of the organization for the year in accordance with Canadian generally accepted accounting principles.

Baden , Ontario .

December 4, 2003

Chartered Accountant