| nts | |||
|---|---|---|---|
| Page | |||
| Referenceandadministrativedetails | |||
| Trustees’reportincludingTrustees’responsibilitystatement | 2-5 | ||
| Independentauditors’reportonthefinancialstatements | |||
| Consolidatedstatementoffinancialactivities | 9 | ||
| Consolidatedandcharitybalancesheets | 10 | ||
| Consolidatedstatementofcashflows | 11 | ||
| Notestothefinancialstatements ° |
12-20 |
|||Unrestricted|||Restricted||Total||Total| |---|---|---|---|---|---|---|---|---| |||funds||funds||funds||funds| ||Notes|2023||2023||2023||2022| |||£000||£000||£000||£000| |Incomefrom:||||||||| |Charitableactivities||2,519|||-|2,519||403| |Othertradingactivities||77|||-|77||84| |Otherincome-furloughgrants|||-||-||-|110| |Investments||1|||-|1||-| |Totalincome||2,597|||-|2,597||597| |Expenditureon:||||||||| |Charitableactivities||2,713|||-|2,713||1,127| |Raisingfunds||127|||-|127||79| |Totalexpenditure||2,840|||-|2,840||1,206| |Netmovementinfunds||(243)|||-|(243)||(609)| |Reconciliationoffunds||||||||| |Totalfundsatstartofyear||10,149|||-|10,149||10,758| |Netmovementinfunds||(243)|||-|(243)||(609)| |Totalfundsatendofyear||9,906|||-|9,906||10,149|
| asat31March2023 | |||||||
|---|---|---|---|---|---|---|---|
| Group | Group | Charity | Charity | ||||
| Notes | 2023 | 2022 | 2023 | 2022 | |||
| £000 | £000 | £000 | £000 | ||||
| Fixedassets | |||||||
| Tangibleassets | 11 | 10,037 | 10,174 | 103 | 37 | ||
| . Investments |
12 | - | - | 10,038 | 12,934 | ||
| 10,037 | 10,174 | 10,141 | 12,971 | ||||
| Currentassets | |||||||
| Stocks | 13 | 8 | 5 | 8 | 5 | ||
| Debtors | 14 | 117 | 81 | 86 | 44 | ||
| Cashatbankandinhand | 222 | 228 | 161 | 67 | |||
| 347 | 314 | 255 | 116 | ||||
| Creditors:amountsfallingduewithinoneyear | 15 | (451) | (283) | (3,163) | (2,882) | ||
| Netcurrentassets/(liabilities) | (104) | 31 | (2,908) | (2,766) | |||
| Creditors:amountsfallingdueaftermorethanone | |||||||
| year | 16 | (27) | (56) | ==(27) | (56) | ||
| Netassets | 9,906 | 10,149 | 7,206 | 10,149 | |||
| Charityfunds | |||||||
| Unrestrictedfunds | 9,906 | 10,149 | 7,206 | 10,149 | |||
| Totalfunds | 9,906 | 10,149 | 7,206 | 10,149 |
| fortheyearended31March2023 | |||
|---|---|---|---|
| Notes | 2023 £000 |
2022 £000 |
|
| Cashflowsfromoperatingactivities | 17 | 98 | (341) |
| Cashflowsfrominvestingactivities | |||
| Purchaseoftangiblefixedassets | (95) | - | |
| Investmentincome | 1 | S | |
| Netcashfrominvestingactivities | (94) | : | |
| Cashflowsfromfinancingactivities | |||
| Bankloanrepayments | (10) | (3) | |
| Netcashfromfinancingactivities | (10) | (3) | |
| Changeincashandcashequivalentsintheyear | (6) | (344) | |
| Cashandcashequivalentsatthestartoftheyear Cashandcashequivalentsattheendoftheyear |
18 | 228 222 |
572 228 |
| Thenotesofpages12to20formpartofthesefinancialstatements. |
| Long-termleaseholdproperty | overleaseterm |
|---|---|
| Plantandmachinery | 10% |
| Motorvehicles | 25% |
| Fixturesandfittings | 20% |
| Computerequipment | 20% |
| Otherequipment | 15% |
| Incomefromcharitableactivities | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| £000 | £000 | |||||
| CoursefeesShumeiGakuenFoundation | . | . | 1,493 | - | ||
| Coursefees | 597 | 30 | ||||
| Examfees | 35 | 46 | ||||
| Centremaintenancegrants | 300 | 300 | ||||
| _ | Otherancillaryactivities | 94 | 27 | |||
| 2,519 | 403 |
| remainsatrainingcentrewheretheycansendtheirstudentsfo | rEnglishLanguagetuition. | ||
|---|---|---|---|
| Incomefromothertradingactivities | 2023 | 2022 | |
| £000 | £000 | ||
| Rentalincome- | 77 | 83 | |
| Othertradingincome | - | 1. | |
| 77 | 84 |
| ; | Support | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| . | Deprec- | . | Other | . | costs | ||||||||
| Staffcosts | iation | costs | allocation | 2023 | 2022 | ||||||||
| £000 | £000 | £000 | £000 | £000 | £000 | ||||||||
| Charitableactivities:education | 760 | - | 506 | 1,447 | 2,713 | 1,127 | |||||||
| Raisingfunds | (seenote7) | 50 | - | 35 | 42 | 127 | 79 | ||||||
| 810 | - | 541 | 1,489 | 2,840 | 1,206 | ||||||||
| Supportcosts | (seebelow) | 529 | _232 | 728 | (1,489) | - | - | ||||||
| 1,339 | 232 | 1,269 | - | 2,840 | 1,206 | ||||||||
| Support | |||||||||||||
| Deprec- | Other | costs | |||||||||||
| Staffcosts | iation | costs | allocation | 2022 | |||||||||
| £000 | £000 | £000 | £000 | £000 | |||||||||
| Analysisofprioryeartotal | |||||||||||||
| Charitableactivities:education | 143 | - | 39 | 944 | 1,127 | ||||||||
| Raisingfunds | (seenote7) | 31 | - | 22 | 26 | 79 | |||||||
| 174 | - | 61 | 970 | 1,206 | |||||||||
| Supportcosts | (seebelow) | 361 | 232 | 377 | (970) | - | |||||||
| 535 | ._ | 232 | 438 | - | 1,206 | ||||||||
| Analysisofsupportcosts | 2023 | 2022 | |||||||||||
| £000 | £000 | ||||||||||||
| Premisescosts | 680 | 471 | |||||||||||
| Housekeeping | . |
234 | 44 | ||||||||||
| Management | costs | 152 | 80 | ||||||||||
| Officecosts | 173 | 127 | |||||||||||
| Governancecosts(seebelow) | 18 | 16 | |||||||||||
| Depreciation | 232 | ||||||||||||
| 1,489 | 970 | ||||||||||||
| Analysisofgovernancecosts | 2023 £000 |
2022 £000 |
|||||||||||
| Auditors'remuneration | 17 | 16 | |||||||||||
| Trusteeexpenses | 1 | - | |||||||||||
| 18 | 16 | ||||||||||||
| Expenditureonraisingfunds | 2023 | 2022 | |||||||||||
| £000 | £000 | ||||||||||||
| Marketingcosts | 127 | 79 | |||||||||||
| 127 | 79 |
| iEikoLimited(acompanylimitedbyguarantee) | 2023 | |
|---|---|---|
| Staffcosts | 2023 | 2022 |
| £000 | £000 | |
| Wagesandsalaries | 1,227 | 482 |
| Socialsecuritycosts | 94 | 43 |
| Definedcontributionpensioncosts(seebelow) | 18 | 10 |
| 1,339 | 535 |
| ManagementTeam. | |||
|---|---|---|---|
| Auditors'remuneration | 2023 | 2022 | |
| £000 | £000 | ||
| Audit-oftheCharity'saccounts | 13 | 12 | |
| Auditofsubsidiaryaccounts | 7 | 4 | 4 |
| Taxcomplianceandadvice | 1 | 1 | |
| 18 | 17 |
| Salary | Pension | Total | Salary | Pension | Total | ||
|---|---|---|---|---|---|---|---|
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | ||
| £ | £ | £ | £ | £ | £ | ||
| MHorii | (highestpaid) | 4,800 | 1,247 | 6,047 | 4,800 | 1,271 | 6,071 |
| 4,800 | 1,247 | 6,047 | 4,800 | 1,271 | 6,071 |
| Tangiblefixedassets | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Leasehold | Plant | & | Fixtures,fittings & | - | ||||||
| ' | property | machinery | equipment | Total | ||||||
| Group | £000 | £000 | £000 | £000 | ||||||
| Cost | ||||||||||
| Atstartofyear | 13,354 | 534 | 120 | 14,008 | ||||||
| Additions | - | - | 95 | 95 | ||||||
| Disposals | - | (76) | (33) | (109) | ||||||
| Atendofyear | 13,354 | 458 | 182 | 13,994 | ||||||
| Depreciation | ||||||||||
| Atstartofyear | 3,382. | 369 | 83 | 3,834 | ||||||
| Chargefortheyear | 149 | 54 | 29 | 232 | ||||||
| Disposals | - | (76) | (33) | (109) | ||||||
| Atendofyear | 3,531 | 347. | 79 | 3,957 | ||||||
| Netbookvalue | ||||||||||
| Atendofyear | 9,823 | 111 | 103 | 10,037 | ||||||
| Atstartofyear | 9,972 | 165 | 37 | 10,174 | ||||||
| Fixtures,fittings& | ||||||||||
| equipment | Total | |||||||||
| Charity | £000 | £000 | ||||||||
| Cost | ||||||||||
| Atstartofyear | . | 120 | 120 | |||||||
| Additions | 95 | 95 | ||||||||
| Disposals | (33), | (33) | ||||||||
| Atendofyear | ; | 182 | 182 | |||||||
| Depreciation | ||||||||||
| Atstartofyear | 83 | 83 | ||||||||
| _ | Chargefortheyear | 29 | 29 | |||||||
| Disposals | (33) | (33) | ||||||||
| Atendofyear | 79 | - | 79 | |||||||
| Netbookvalue | ||||||||||
| Atendofyear | 103 | 103 | ||||||||
| Atstartofyear | 37 | 37 | ||||||||
| Theleasetowhichtheleaseholdpropertyrelatesexpiresin2089. |
| 12 | Fixedassetinvestments | Investmentinsubsidiary | Investmentinsubsidiary |
|---|---|---|---|
| companies | |||
| 2023 | 2022 | ||
| Charity | £000 | £000 | |
| Cost | 15,254 | 15,254 | |
| Lessprovisionforimpairment | (5,216) | (2,320) | |
| Netbookvalue | 10,038 | 12,934 |
| Thesubsidiarycompanies, | bothofwhichareowned100%bytheCharity | bothofwhichareowned100%bytheCharity | bothofwhichareowned100%bytheCharity | andare | registeredin | registeredin | Englandand | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Wales,areasfollows: | ||||||||||
| Shumei | EikoProperty | Shumei | EikoServices | |||||||
| Ltd | Ltd | |||||||||
| Companyno | 02388648 | 08958406 | ||||||||
| Principalactivity | Leasing | ofproperties | Dormant | |||||||
| andaccommodation | ||||||||||
| services | ||||||||||
| Incomefortheyear(£000) | 477° | - | ||||||||
| Expenditurefortheyear(£000) | (3,107) | . |
- | |||||||
| Profit/(loss)fortheyear(£000) | (2,630) | - | ||||||||
| Netassetsatendofyear(£000) | 10,037 | 1 | ||||||||
| 13 | — | Stocks | : Group |
Charity | ||||||
| 2023 | 2022 | 2023 |
2022 |
|||||||
| £000 | £000 | £000 |
£000 |
|||||||
| Goodsforuseandresale | 8 | 5 | 8 | 5 |
||||||
| 14 | Debtors | Group | Group | Charity |
Charity |
|||||
| 2023 | 2022 | 2023 |
2022 |
|||||||
| Duewithinoneyear Tradedebtors |
£000 19 |
£000 2 |
£000 19 |
£000 2 |
||||||
| Otherdebtors | - | 7 | - | - | ||||||
| Prepaymentsandaccrued | income | 98 | 72 | 67 | 42 |
|||||
| 117 | 81 | 86 | 44 |
|||||||
| 15 | Creditors:amountsfalling | duewithinoneyear | Group 2023 |
Group 2022 |
Charity 2023 |
Charity 2022 |
||||
| . | £000 | £000 | £000 |
£000 |
||||||
| Bankloans(seenote16) | 10 | 10 | 10 | 10 |
||||||
| Tradecreditors | 273 | 205 | 273 | 205 |
||||||
| Amountsowedtogroupundertakings | - | - | 2,737 |
2,608 |
||||||
| Taxationandsocialsecurity | , |
26 | 9 | 26 | 9 |
|||||
| Othercreditors | 30 | 11 | 8 | 11 |
||||||
| Accrualsanddeferredincome | 112 | 48 | 109 | 39 |
||||||
| 451 | 283 | 3,163 | 2,882 |
| Analysis | ofdeferredincome | Group | Group | Charity | Charity |
|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | ||
| £000 | £000 | £000 | £000 | ||
| Deferred | incomeatstartofyear | 11 | 17 | 11 | 17 |
| Amounts | releasedfrompreviousyears | (11) | (17) | (11) | (17) |
| Amounts | deferredintheyear | 19 | 11 | 19 | 11 |
| Deferred | incomeatendofyear | 19 | 11 | 19 | 11 |
| Credit | ors:amountsfallingdueafterm | orethanoneyear | |||||
|---|---|---|---|---|---|---|---|
| Group | Group. | Charity | Charity | ||||
| 2023 | 2022 | 2023 | 2022 | ||||
| £000 | £000 | £000 | £000 | ||||
| Trade | creditors | ° | 19 | - | 19 | ||
| Bank | loans | 27 | 37 | 27 | 37 | ||
| 27 | 56 | 27 | 56 |
| 17 | Cashflowfromoperatingactivities | Group | Group | |
|---|---|---|---|---|
| 2023 | 2022 | |||
| £000 | £000 | |||
| Net(expenditure)/incomefortheyear | (243) | (609) | ||
| Depreciation | 232 | 232 | ||
| Investmentincome | (1) | . | ||
| Movementinstocks | (3) | (3) | ||
| Movementindebtors | (36) | (3) | ||
| Movementincreditors | 149 | 42 | ||
| Cashflowfromoperatingactivities | 98 | (341) | ||
| 18 | Cashandcashequivalents | Group 2023 |
Group 2022 |
|
| £000 | £000 | |||
| Cashatbankandinhand | 222 | 228 | ||
| Cashandcashequivalents | 222 | 228 | ||
| 19 | Changesinnetdebt | 1April | Cash | 31March |
| 2022 | flows | 2023 | ||
| £000 | £000 | £000 | ||
| Cashatbankandinhand | 228 | (6) | 222° | |
| Bankloans | (47) | 10 | (37) | |
| Netdebt | 181 | 4 | 185 |
| follows: | ||||
|---|---|---|---|---|
| Group | Group | Charity | Charity | |
| 2023 | 2022 | 2023 | 2022 | |
| £000 | £000 | £000 | £000 | |
| Withinoneyear-equipment | 18 | 2 | 18 | 2 |
| Onetofiveyears-equipment | 63 | 2 | 63 | 2 |
| Withinoneyear-properties | 113 | 113 | 400 | 400 |
| Onetofiveyears-properties | 452 | 452 | 1,600 | 1,600 |
| Overfiveyears-properties | 6,972 | 7,085 | 24,700 | 25,100 |
| 7,618 | 7,654 | 26,781 | 27,104 |
| Group | Group | Charity | Charity | ||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | ||||
| £000 | £000 | £000 | £000 | ||||
| Contractedforbutnotprovidedin | thesefinancial | . | |||||
| statements | - | 30 | “ | 30 | |||
| - | 30 | - | 30 |