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|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|
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||||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|
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|||||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|
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||||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|
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|||||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|
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|||||||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|
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||||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|
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|||||||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||
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|?|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|
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|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||
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|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|
##
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|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||||
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|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|
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|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|||||
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|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)|
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