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|nts||||
|---|---|---|---|
||||Page|
|Referenceandadministrativedetails||||1|
|Trustees’reportincludingTrustees’responsibilitystatement|||2-5|
|Independentauditors’reportonthefinancialstatements||||6-8|
|Consolidatedstatementoffinancialactivities|||9|
|Consolidatedandcharitybalancesheets|||10|
|Consolidatedstatementofcashflows|||11|
|Notestothefinancialstatements<br>°|||12-20|





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|||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|
|.<br>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<br>£000|2022<br>£000|
|Cashflowsfromoperatingactivities|17|98|(341)|
|Cashflowsfrominvestingactivities||||
|Purchaseoftangiblefixedassets||(95)|-|
|Investmentincome||1|S|
|Netcashfrominvestingactivities||(94)|:|
|Cashflowsfromfinancingactivities||||
|Bankloanrepayments||(10)|(3)|
|Netcashfromfinancingactivities||(10)|(3)|
|Changeincashandcashequivalentsintheyear||(6)|(344)|
|Cashandcashequivalentsatthestartoftheyear<br>Cashandcashequivalentsattheendoftheyear|18|228<br>222|572<br>228|
|Thenotesofpages12to20formpartofthesefinancialstatements.||||





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## 

|Long-termleaseholdproperty|overleaseterm|
|---|---|
|Plantandmachinery|10%|
|Motorvehicles|25%|
|Fixturesandfittings|20%|
|Computerequipment|20%|
|Otherequipment|15%|





## 

## 

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## 

||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|<br>.||||||||||234||44|
|Management|costs||||||||||152||80|
|Officecosts|||||||||||173||127|
|Governancecosts(seebelow)|||||||||||18||16|
|Depreciation||||||||||||232||232|
||||||||||||1,489||970|
|Analysisofgovernancecosts|||||||||||2023<br>£000|<br>|2022<br>£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|<br>||Shumei||EikoServices|||
|||||Ltd||||Ltd|||
|||Companyno||02388648||||08958406|||
|||Principalactivity|Leasing|ofproperties||||Dormant|||
||||andaccommodation||||||||
|||||services|||||||
|||Incomefortheyear(£000)||477°|||||-||
|||Expenditurefortheyear(£000)||(3,107)|<br>.||||-||
|||Profit/(loss)fortheyear(£000)||(2,630)|||||-||
|||Netassetsatendofyear(£000)||10,037||||1|||
|13|—|Stocks||:<br>Group||||Charity|||
|||||2023||2022||<br>2023|<br>2022||
|||||£000||£000||<br>£000|<br>£000||
|||Goodsforuseandresale||8||5||8|<br>5||
|14||Debtors||Group||Group||<br>Charity|<br>Charity||
|||||2023||2022||<br>2023|<br>2022||
|||Duewithinoneyear<br>Tradedebtors||£000<br>19|<br>|£000<br>2|<br>|<br>£000<br>19|<br>£000<br> <br>2|<br>|
|||Otherdebtors|||-|7|||-|-|
|||Prepaymentsandaccrued|income|98||72||67|<br>42||
|||||117||81||86|<br>44||
|15||Creditors:amountsfalling|duewithinoneyear|Group<br>2023|<br>|Group<br>2022|<br>|<br>Charity<br> <br>2023|<br>Charity<br> <br>2022|<br>|
||||.|£000||£000||<br>£000|<br>£000||
|||Bankloans(seenote16)||10||10||10|<br>10||
|||Tradecreditors||273||205||273|<br>205||
|||Amountsowedtogroupundertakings|||-||-|<br>2,737|<br>2,608||
|||Taxationandsocialsecurity|<br>,|26||9||26|<br>9||
|||Othercreditors||30||11||8|<br>11||
|||Accrualsanddeferredincome||112||48||109|<br>39||
|||||451||283||3,163|<br>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<br>2023|Group<br>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|



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