2021-03-31-accounts

Trustees		Mr YOkinaga
		Dr H Okinaga
		Mr YYoshida
		Mr K Nakajima
Secretary		Y Kono
Charity number		1001232
Company	number	02540502
Registered	oflice	Framewood	Road
		Wexham
		Slough
		Buckinghamshire
		United Kingdom
		SL24QS
Auditor		Azets Audit Services
		Suites B& D
		Bumham Yard
		Beaconsfield
		Bucks
		Hpg 2JH
Bankers		National Westminster		Bank

			Page
Trustees' report			1-5
Statement oftrustees'	responsibilities
Independent auditor's	report		7-9
Consolidated statement offinancial		activities	10
Consolidated balance	sheet
Balance sheet			12
Consolidated Statement ofcash flows			13
Notes to the financial	statements		14-25

				Unrestricted	Unrestricted
				funds	funds
				2021	2020
			Notes	6	6
		rom
Donations and legacies			3	62,696	53,543
Charitable activities			4	1,803,348	3,494,277
Investments			5	44,872	64,836
Other income			6	73,575
Total income				1,984,491	3,612,656
Exgaat((tufting/I;
Charitable activities			7	2,770,527	3,115,715
Net gains/(losses)	on investments		11	518,328	997,894
Net (expenditure)/income		for the year/
Nst (outgoing)/Incoming		resources		(267,708)	1,494,835
Other recognised	gains	and losses
Other gains or losses			12	(35,989)
Net movement In	funds			(303,697)	1,494,835
Fund balances at 1 AprR		2020		13,930,494	12,435,659
Fund balances at	31 March 2021			13,626,797	13,930,494

			2021	2020
		Notes		6
Fixed assets
Tangible assets		13	265,279	144,131
investments		14	6,618,760	6,100,432
			6,884,039	6,244,563
Current assets
Debtors		15	1,563,732	1,442,627
Investments		16	6,000,000	7,000,000
Cash at bank and in	hand		974,086	1,495,865
			8,537,818	9,938,492
Creditors: amounts	falling due within
one year		17	(1,795,060)	(2,252,561)
Net current assets			6,742,758	7,685,931
Total assets less current liabilities			13,626,797	13,930,494
Income funds
Unrestricted funds			13,626,797	13,930,494
			13,626,797	13,930,494

				2021	2020
			Notes	5	8
Fixed assets
Tangible assets			13	265,279	144,131
Investments			14	6,618,761	6,100,433
				6,884,040	6,244,564
Current assets
Debtors			15	1,563,139	1,439,097
Investments			16	6,000,000	7,000,000
Cash at bank	and in	hand		837,998	1,308,327
				8,401,137	9,747,424
Creditors: amounts		falling dus within
one year			17	(1,479,047)	(1,884,130)
Net current assets				6,922,090	7,863,294
Total assets	less current liabilities			13,806,130	14,107,858
Income funds
Unrestricted	funds			13,806,130	14,107,858
				13,806,130	14,107,858

						Group		Company
						2021	2020	2021	2020
					Notes	6	8	6	8
Cash flows from operating			activities
Cash absorbed by operations					28	(1,380,828)	(334,970)	(1,329,790)	(388,811)
Income taxes paid						(427)
Investing	activities
Purchase	oftangible	fixed assets				(186,827)	(75,763)	(186,827)	(75,763)
Proceeds	on disposal	oftangible		fixed
assets						1,430		1,430
Proceeds	on disposal	ofInvestments					311,140		311,140
Purchase	ofother Investments						(303,708)		(303,708)
Proceeds	on disposal	ofother investments				1,000,000	365,303	1,000,000	365,303
Interest received						44,873	64,836	44,858	64,821
Net cash	generated	from Investing
activities						859,476	361,808	859,461	361,793
Financing	activities
Net cash	used in financing		activities
Net Increase/(decrease) In			cash	and	cash
equivalents						(521,779)	26,838	(470,329)	(27,018)
Cash and	cash equivalents		at beginning		ofyear	1,495,865	1,469,027	1,308,327	1,335,345
Cash and	cash equivalents		at end of		year	974,086	1,495,865	837,998	1,308,327

			Unrestricted	Unrestricted
			funds	funds
			2021	2020
			6	6
Donations	and	gifts	62,696	53,543

	Charitable	Charitable
	Income	Income
	2021	2020
	f	6
School &college fees	890,555	1,208,680
Short course income	28	271,458
Other income	912,765	2,014,139
	1,803,348	3,494,277

						Unrestricted	Unrestricted
						funds	funds
						2021	2020
						6
Interest	on	bank	deposits	and	investments	44,872	64,836

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
		F
Other	income	73,575

?	Charitable a	ctivities
			Charitable	Charitable
			Expenditure	Expenditure
			2021f	2020 f
Cost	ofcharitable	activities
	Staff costs		1,499,461	1,370,913
	Electricity		78,029	121,819
	Gas		93,052	109,950
	Rates and council tax		30,624	29,935
	Water rates		264	22,128
	Catering		125,859	241,665
	Transport		111,791	110,590
	Estate management		10,089	20,811
	Redecoration	and refurbishment	305,165	285,060
	Short course	expenses	139,720	339,503
	Bank charges		2,895	2,169
			2,396,949	2,654,543
Support costs of		charitable activities
	Grants payable		500	30,487
	Professional	support costs	123,231	104,529
	Depreciation	and impairment	64,248	64,280
	Loss on disposals		1,249
	Management	and administration	167,337	244,149
			356,565	443,445
Governance costs
	Audit fee		17,013	17,300
	Taxation			427
			17,013	17,727
			2,770,527	3,115,715
8	Grants payable
			Charitable	Charitable
			Expenditure	Expenditure
			2021	2020
				f
	Grants to individuals		500	30,487
			500	30,487

The average	monthly number ofemployees during	the year was:
		2021	2020
		Number	Number
Teaching		24	23
Domestic		22	21
Administration		5	4
Catering		8	7
		59	55
Employment	costs	2021f	2020f
Wages and salaries		1,409,128	1,282,685
Other pension	costs	90,333	88,228
		1,499,461	1,370,913

				Unrestricted	Unrestricted
				funds	funds
				2021	2020
				f	f
	Gains/(losses)	on long-term	investments	518,328	997,894
12	Other gains	or losses
				Unrestricted	Unrestricted
				funds	funds
				2021	2020
				f	f
	Foreign exchange gains			35,989

13	Tangible fixed assets	Tangible fixed assets
					Fixtures	and	Computers	Motor vehicles	Total
					Rttlngsf		8	6
	Cost
	At 1 April 2020				1,522,841		314,313	191,720	2,028,874
	Additions					894	179,973	5,960	186,827
	Disposals							(2,000)	(2,000)
	At 31 March 2021				1,523,735		494,286	195,680	2,213,701
	Depreciation and	impairment
	At 1 April 2020				1,438,380		285,648	160,715	1,884,743
	Depreciation charged		in the year		33,195		15,909	15,145	64,249
	Eliminated in respect ofdisposals							(570)	(570)
	At 31 March 2021				1,471,575		301,557	175,290	1,948,422
	Carrying amount
	At 31 March 2021				52,160		192,729	20,390	265,279
	At 31 March 2020						28,666	31,004	144,'131
14	Fixed asset investments
									Fixed asset
									investments
									6
	Cost or valuation
	At 1 April 2020								6,100,432
	Valuation changes								518,328
	At 31 March 2021								6,618,760
	Carrying amount
	At 31 March 2021								6,618,760
	Market value at 31 March 2021:Group								6,618,760
	Add: shareholdlng	in subsidiary undertaking
	(50,000shares of81 less provision			for impairment	649,999)
	Total market value	at 31 March 2021:Company							6,618,761
	Historical cost as at 31 March 2021								3,607,405

14	Fixed asset investments			(Continued)
	(a) The following percentages represent	the investment	portfolio by market value:-
				2021
	NIS CO Pop Prophet Opp Partnrs USD			980%
	Nis Credit Opp Indian Distress USD			968%
	NISARB EUROPEAN DISTRESSED OPP.E			76.27%
	NIS INDRA FUND LTDA USD-ACC			0 37%
	NIS CHANDRAA USD -ACC			3.88%
	(b) Share in subsidiary undertaking

17	Creditors: amounts falling due	Creditors: amounts falling due	Creditors: amounts falling due	Creditors: amounts falling due	within	within	one year	one year
										Group			Company
										2021		2020	2021		2020
										6		6	6		6
	Corporation tax payable											427
	Other taxation and social		security							64,985		60,319	64,985		60,319
	Trade creditors								239,092			69,388	239,092		69,388
	Amounts	owed to Teikyo	University			ofJapan			1,083,328			1,083,328	769,315	769,315
	Accruals	and deferred income							407,655			1,039,099	405,655		985,108
									1,795,060			2,252,561	1,479,047	1,884,130
18	Corporation Tax
	There Is	no Corporation	Tax charge for				Teikyo Foundation (UK)					for the year ended 31 March 2021 due to
	Its charitable status.
	There is	also no Corporation		Tax		charge		for Teikyo Services			(UK) Limited for		the year ended	31 March
	2021 due	to the company	making		a loss		(2020:F427).
19	Operating	lease commitments
	At the reporting end date		the charitable				company		had	outstanding		commitments	for future minimum		lease
	payments	under non-cancellable			operating			leases,	which fall due			as follows:
										Group			Company
										2021 6		2020f	2021 6		2020 6
	Within one year									7,915		6,391	7,915		6,391
	Between	two and 5ve years								9,923		14,065	9,923		14,065
										17,838		20,456	17,838		20,456

Details	ofthe charitable	company's subsid	company's subsid	iaries at 31	March 2021 are	as follows:
Name	ofundertaking	Registered		Nature of	business	Class of	% Held
		office				shares held	Direct	Indirect
Teikyo	Services (UK)	United	Kingdom	Operation	ofschool shop	Ordinary	100.00
Limited				and letting	ofschool
				accomodation

Cash generated from	operat	ions
				Group		Company
				2021	2020	2021	2020
					6	6	6
(Deficit)/surpus for the	year			(267,708)	1,494,835	(265,739)	1,491,558
Adjustments for:
Taxation charged					427
Investment income recognised		in statement
offinancial activities				(44,872)	(64,836)	(44,857)	(64,821)
Foreign exchange dlfferences				(35,989)		(35,989)
Gains on investments				(518,328)	(997,894)	(518,328)	(997,894)
Depreciation and impairment		oftangible	fixed
assets				64,248	64,280	64,248	64,280
Movements In working	capital:
(Increase) in debtors				(121,105)	(41,684)	(124,042)	(38,253)
(Decrease) in creditors				(457,074)	(790,098)	(405,083)	(843,681)
Cash absorbed by operations				(1,380,828)	(334,970)	(1,329,790)	(388,811)