2022-03-31-accounts

Trustees		Mr YOkinaga
		Dr H Okinaga
		Mr YYoshida
		Mr A Isihara			(Appointed	1 April 2022)
Secretary		Mr Y Kono
Charity number		1001232
Company	number	02540502
Registered	office	Framewood	Road
		Wexham
		Buckinghamshire
		United Kingdom
		SL24QS
Auditor		Azets Audit Services
		Suites B & D
		Burnham Yard
		Beaconsfield
		Bucks
		Hpg 2JH
Bankers		National Westminster		Bank Pic
		250 Bishopsgate
		London
		EC2M 4AA
Investment	advisers	The Pictet Group
		Banque Pictet &Cie SA
		Route des Acacias 60
		1211Geneva	73
		Switzerland
Key Executives
Headteacher		Ms F Nelson
Chief Executive Officer		Mr Y Kono

			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			14-27

				Unrestricted	Unrestricted
				funds	funds
				2022	2021
			Notes	6	6
Income and endowments		from:
Donations and legacies			3	39,531	62,696
Charitable activities			4	1,474,613	1,803,348
Investments			5	26,164	44,872
Government grants			6	1,738	73,575
Total Income				1,542,046	1,984,491
~E* dit
Charitable activities			7	3,008,378	2,770,527
Net gains/gosses)	on investments		11	712,675	518,328
Net expenditure for the		year/
Net outgoing resources				(753,657)	(267,708)
Other recognised	gains	and losses
Other gains or losses			12		(35,989)
Net movement in	funds			(753,657)	(303,697)
Fund balances at 1 April 2021				13,626,797	13,930,494
Fund balances at	31 March 2022			12,873,140	13,626,797

			2022	2021
		Notes		6
Fixed assets
Tangible assets		13	326,043	265,279
Investments		14	7,047,958	8,818,7BO
			7,374,001	6,884,039
Current assets
Debtors		1S	1,585,382	1,583,732
Investments		18	4,000,000	8,000,000
Cash at bank and in	hand		1,772,142	974,086
			7,337,524	8,637,818
Creditors: amounts	falling due within
one year		17	(1,838,385)	(1,795,060)
Nst ourrent assets			6,499,139	6,742,768
Total assets less current liabilities			12,873,140	13,626,797
Income funds
Unrestricted funds			12,873,140	13,626,797
			12,873,140	13,626,797

				2022	202'I
			Notes	6	6
Fixed assets
Tangible assets			13	326,043	286,279
Investments			14	7,047,969	6,618,761
				7,374,002	8,884,040
Current assets
Debtors			15	1,597,953	1,683,139
Investments			16	4,000,MO	8,000,000
Cash at bank and In	hand			1,601,107	837,998
				7,199,060	8,401,137
Creditors: amounts	falling due within
one year			1?	(1,520,472)	(1,479,047)
Net current assets				5,678,588	6,922,090
Total assets lees current liabilities				13,062,690	13,806,130
Income funds
Unrestricted funds				13,062,690	13,806,130
				13,052,690	13,806,130
The financial statements		were approved	by the trustees	+cp" on $~...Bk...... &

						Group		Company
						2022	2021	2022	2021
					Notes		f	f.	6
Cash flows from operating			activities
Cash absorbed by operations					30	(1,347,134)	(1,380,828)	(1,382,052)	(1,329,790)
Income taxes paid							(427)
Investing	activities
Purchase	oftangible	fixed assets				(164,450)	(186,827)	(164,450)	(186,827)
Proceeds	on disposal	oftangible		fixed
assets							1,430		1,430
Proceeds	on disposal	of investments				4,993,622		4,993,622
Purchase	ofother investments					(4,710,145)		(4,710,145)
Proceeds	on disposal	ofother investments				2,000,000	1,000,000	2,000,000	1,000,000
Interest received						6,718	44,873	6,689	44,ese
Dividends	received					19,445		19,445
Net cash	generated	from investing
activities						2,145,190	859,476	2,145,161	859,461
Net cash	used in financing		activities
Net decrease in cash and			cash	equivalents		798,056	(521,779)	763,109	(470,329)
Cash and	cash equivalents		at beginning		ofyear	974,086	1,495,865	837,998	1,308,327
Cash and	cash equivalents		at end of		year	1,772,142	974,086	1,601,107	837,998

			Unrestricted	Unrestricted
			funds	funds
			2022	2021
			E	E
Donations	and	gifts	39,531	62,696

				Charitable	Charitable
				Income	Income
				2022	2021
				E	E.
School	and	college fees		526,089	890,555
Other income				948,524	912,793
				1,474,613	1,803,348
Investments
				Unrestricted	Unrestricted
				funds	funds
				2022	2021
				E	E
interest	on	bank deposits	and investments	6,719	44,872
Dividends		received from	fixed asset investments	19,445
				26,164	44,872

							Unrestricted	Unrestricted
							funds	funds
							2022	2021
							6	f
	Government		grants				1,738	73,575
	Government		grants represents			the money received under the Coronavirus	Job Retention Scheme.
7	Charitable	activities
							Charitable	Charitable
							Expenditure	Expenditure
							2022	2021
								6
Cost	ofcharitable		activities
	Staff costs						1,497,460	1,499,461
	Bad and doubtful			debts			190
	Electricity						99,061	78,029
	Gas						91,280	93,052
	Rates and council			tax			31,992	30,624
	Water rates						70,279	264
	Catering						177,129	125,859
	Transport						109,057	111,791
	Estate management						12,340	10,089
	Redecoration		and	refurbishment			260,125	305,165
	Short course		expenses				158,639	139,720
	Bank charges						2,636	2,895
							2,510,188	2,396,949
Support costs ofcharitable					activities
	Grants payable						60,096	500
	Professional		support costs				198,860	123,231
	Depreciation		and	impairment			103,687	64,248
	Loss on disposals							1,249
	Management		and	administration			117,486	167,337
							480,129	356,565
Governance costs
	Audit fee						18,061	17,013
	Taxation
							18,061	17,013
							3,008,378	2,770,527

Donations	and grants	payable
				Charitable	Charitable
				Expenditure	Expenditure
				2022	2021
				f	f
Other donations				96	500
Donations	to Wadham	College, University	of Oxford	60,000
				60,096	500

The average	monthly number ofemployees during t	he year was:
		2022	2021
		Number	Number
Teaching staff		20	24
Domestic staff		20	22
Administration	staff	5	5
Catering staff		8	8
		53	59
Employment	costs	2022f	2021 f.
Wages and salaries		1,412,498	1,409,128
Staff pension costs		84,962	90,333
		1,497,460	1,499,461

Net gains/(los	ses)	on inve	stments
				Unrestricted	Unrestricted
				funds	funds
				2022	2021
				f	f
Gains/(losses)	on	long-term	investments	712,675	518,328

12	Other gains	or losses	or losses
						Unrestricted	Unrestricted
						funds	funds
						2022	2021
						f	f
	Profit or loss	on foreign exchange					35,989
13	Tangible Axed assets
	Group and company
				Fixtures and	Computers	Motor vehicles	Total
				tlttlngs
				f
	Cost
	At 1 April 2021			1,523,735	494,286	195,680	2,213,701
	Additions			67,750	96,700		164,450
	At 31 March	2022		1,591,485	590,986	195,680	2,378,151
	Depreciation	and impairment
	At 1 April 2021			1,471,575	301,556	175,290	1,948,421
	Depreciation	charged	in the year	31,569	62,164	9,954	103,687
	At 31 March	2022		1,503,144	363,720	185,244	2,052,108
	Carrying amount
	At 31 March	2022		88,341	227,266	10,436	326,043
	At 31 March	2021		52,160	192,729	20,390	265,279

Group and company	Group and company
							Fixed asset
							investments
Cost or valuation
At 1 April 2021							6,618,760
Additions							4,710,145
Valuation changes							751,614
Disposals							(5,032,561)
At 31 March 2022							7,047,958
Carrying amount
At 31 March 2022							7,047,958
At 31 March 2021							6,618,760
Add: shareholding in (50,000 shares offt		subsidiary undertaking less provision for impairment			649,999)
Total market value	at	31 March	2022				7,047,959
Historical cost as	at 31 March		2022				3,607,405
(a) The following percentages			represent	the investment		porifolio by market value:-
							2022
NIS CO Pop Prophet		Opp Partnrs USD					12.14%
Nis Credit Opp Indian		Distress	USD				9.81%
NISARB EUROPEAN		DISTRESSED OPP.E
NIS INDRA FUND	LTD A USD-ACC						0.81%
NIS INDRA FUND	LTD D USD-ACC						21.49%
NIS INDRA FUND	LTD E USD-ACC						51 94'/
NIS CHANDRA A	USD -ACC						3.81%

Debtors
				Group		Company
				2022	2021	2022	2021
				E	E	E
Amounts	falling due within		one year:
Trade debtors				85,931	15,958	75,509	15,768
Amounts	due	from connected	company	1,430,320	1,423,186	1,473,313	1,423,186
Other debtors					5,182		4,779
Prepayments		and accrued income		49,131	119,406	49,131	119,406
				1,565,382	1,563,732	1,597,953	1,563,139
Current	asset investments
				Group		Company
				2022	2021	2022	2021
				E	E.	E	E
Bank deposit		accounts		4,000,000	6,000,000	4,000,000	6,000,000

17	Creditors: amounts	Creditors: amounts	falling	falling	due within one year	due within one year
								Group		Company
								2022	2021	2022	2021
								f		f.	f
	Other taxation and social			security				52,862	64,985	52,862	64,985
	Deferred	income						463,524	374,137	463,524	374,137
	Trade creditors							209,972	239,092	209,972	239,092
	Amounts	owed to Teikyo		University		ofJapan	1,083,328		1,083,328	769,315	769,315
	Accruals							28,699	33,518	24,799	31,518
							1,838,385		1,795,060	1,520,472	1,479,047
18	Deferred	income
	Group and company
										2022f	2021f
	Arising from school		fees							463,524	374,137
	Deferred	income is	included		in the	financial statements		as follows:
										2022	2021
										f	F
	Deferred	income is	included		within:
	Current liabilities									463,524	374,137
	Movements in the year:
	Deferred	income at	1 April 2021							374,137	1,000,987
	Released	from previous		periods						(379,557)	(1,001,264)
	Resources deferred		in the year							468,944	374,414
	Deferred	income at	31 March 2022							463,524	374,137

	Group		Company
	2022f	2021f	2022 f	2021f
Within one year	6,796	7,915	6,796	7,915
Between two and five years	2,166	9,923	2,166	9,923
	8,962	17,838	8,962	17,838

Name	ofundertaking	Registered	Nature of	business	Class of	Class of	% Held
		office			shares	held	Direct	Indirect
Teikyo	Services (UK)	Teikyo Foundation	Operation	ofschool shop	Ordinary		100.00
Limited		(UK), Framewood	and letting	ofschool's
		Road, Wexham,	facilities
		Buckinghamshire,
		SL24QS

						Group		Company
						2022	2021	2022	2021
						f	f	f	f.
Deficit for the year						(753,657)	(267,708)	(753,540)	(265,739)
Adjustments for:
Taxation charged
investment income recognised			in statement		of
financial activities						(26,164)	(44,872)	(26,135)	(44,857)
Foreign exchange differences							(35,989)		(35,989)
Gains on investments						(712,675)	(518,328)	(712,675)	(518,328)
Depreciation and impairment			oftangible	fixed
assets						103,687	64,248	103,687	64,248
Movements in working		capital:
(Increase) in debtors						(1,650)	(121,105)	(34,814)	(124,042)
Increase/(decrease)	in	creditors				43,325	(457,074)	41,425	(405,083)
Cash absorbed by	operations					(1,347,134)	(1,380,828)	(1,382,052)	(1,329,790)