REGISTERED CHARITY NUMBER: 1095976
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
WALES JAPAN CLUB
MHA (trading name of Maclntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
CF23 8RS

WALES JAPAN CLUB
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Govemors
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notss to the Financial Statements
6 to 10

WALES JAPAN CLUB
REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 MARCH 2024
The govemors presenl their report with the financial statements of the charity for the year ended 31 March 2024. The
trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice
applicable lo charities preparing their accounts in accordance with the Financial Reporttng Standard applicable in the UK
and Republic ol Ireland {FRS 1021 (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charitys objects are:
1. to manage the Japanese School in Wales (Wales Nlhon Jln Kai).
2. to promote intemational exchange between Japan and the United Kingdom and lo contribute to mutual understanding
and goodwill w¢thin the local community.
3. to cultivate mutual friendship between members.
The aims of the school are to support the Japanese children who live in Wales through supplemental education such as
Japanese language, cultUTal study behveen the United Kingdom and Japan. This education contributes to the promotion
of a friendship between both countries.
Public benefit
The organisation's govemors can confirm that they have complied with the duly in Section 17 of the Charities Act 2011 to
have due regard to public benefit guidance published by the Commission. as demonstrated by the above objectives and
the actwitres below.
Slgnlficant actlvEties
The Wales Japan Club has a large membership whose contributions are used to provide hiendship meetings and
entertainment for the WJ21 Club. a netsvorking club for younger Japanese and Sui Oh Kai, a club for expatriate
Japanese and Welsh enthusiasts for Japan. The majority of funds are used lo support the Japanese School in Wales.
which was established in 1981 by Ms Midori Matsui and now has around 55 students to primarily provide tuition in the
Japanese language to the children of Japanese st8ff working in Wales.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the Club continued its activities in line with the above stated objective5.
FINANCIAL REVIEW
Resenres policy
Incoming resourees for tha financial year totalled £115,457. The main sources of income were as follows:
Embassy of Japan funding £27,428
We15h Government support £21.000
Club annual subscriplions £11,090
School fees £50.881
Expenditure totalled £118,887 resulting in a small deficit of £3,430.
RESERVES POLICY
At 31 March 2024, total unreslTicled funds were £267,283. These funds are being held to ensure the Wales Japan Club
Can ¢onllnue to run exlsting activities should. for example, government funding cease or unforeseen Costs arfse.
The Govemors operate a separate designed fund for tho Japangse School in Wales. During the year an amount of
£30,000 was dislributed to this fijnd from the Club's general fund.
Golng concern
The governors have Considered the charity's ability lo continue as a going concern. Several factors have been
considered by the Board when fomiing their conclusions as to whether the use of the going concern basis is appropriate
when preparing these statements including liquidity, cash resources, liabilities, future funding and support available from
various govemment inltiatives.
The governors have concluded that the charity has a reasonable expectation that there will be adequate resources to
Continue to operate for at least 12 months from the date of signing ihese financial statements.
Page 1

WALES JAPAN CLUB
REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The charity adopted a ¢on$lilulion dated 24 March 1999 which was amended 18 March 2006. The Trust is registered
with Ihe Chafity Commission, registration number 1095976.
Membership of the charlty is open lo any individual over the age of eighteen, or organisalion which is Inte￿$tod in
furthering the work ol the charity. The 8oard of Governors review Ihe joining fee and annual subs¢riplions due from
members each year.
The Board ol Goveinors Consists of members nominated from each member company. There may be behveen 3 and
27 members elected al Ihe annual general meeting, who hold Offi￿ from the conclusion of Ihal meelir¥J and retire Irom
one year later. Matters a￿ determined by a majoiily of votes of the Board of Governors, the ¢hairman hatring a
se¢olld or casting vote.
The Management Committee manages the day-to-day activities of the Charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1095976
Prlncipal address
Clo MHA
Elfed H¢)use
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
CF23 BRS
Current Board of Governors (From Aprll 2024)
Yuji Hamalake
Chairman
Takeyuki Watanabe
Chief Secielary
Keigo Selo
Treasurer
Board of Governors (Durlng the flnanclal year)
Shinichiro Iwala
Chairman
Masaloshi Fukuyama
Chief Secretary
Keigo Seio
Treasurer
Independent Examlner
MHA Itfading name of Maclntyre Hudson LLP}
Limited liability partnership in England & Wales
Registered nLtniber QC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
CF23 8RS
Approved by order of the Board of Govemors on ............................................. and signed on 115 behalf by-
Keigo Seto - Treasurer
Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
WALES JAPAN CLUB
Independent examiner's report to the trustees of Wales Japan Club
I report to the ¢harfty trustees on my examination of the accounts of Wales Japan Club (the Trust) for the year ended
31 March 2024.
Responsibllities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the Acl'l.
I report In respect of my examination of the Trusvs accounts cattied out under Section 145 of the Act and in carrying out
my examination I have followed all applicable Dlrections gtven by the Charity Commission under Section 145151{b) of the
Act.
Independent examiner's statement
I have completed my examination. I confimi that no mat6rial matters have come to my attention in Connection Ihe
examination giving me cause to believe thal In any mateTial respect-
a¢counting records were not kept in respect of the Trust 8s required by Se¢tion 130 of the A¢t- or
the accounts do not accord with those ￿cOrdS,. or
the accounts do not comply with the applicable requirements conceming the fomi and content of accounts set out
in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a
true and fair view whi¢h is not a matter considered as part of an independent examination.
I have no concems and have come across no other matters in connection with the examinalion lo which attention should
be drawn in this report in order to enable a proper understanding ol the accounts to be reached.
Julia Mortimer FCCA
MHA (trading name of Maclntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
CARDIFF
CF23 8RS
Date-
Page 3

WALES JAPAN CLUB
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Reslricled
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
49,613
49,613
50,356
Charltable a¢tlvltle$
Advancement of the education of Japanese
65,574
65,574
70,251
other trading activities
270
270
270
Total
115457
115457
120,877
EXPENDITURE ON
Charitable activities
Advancement of the education of Japanese
118,887
118,887
117,817
NET INCOMEI{EXPENDITURE}
(3,430)
(3.430)
3.060
RECONCILIATION OF FUNDS
Total funds brought fotward
270.713
270.713
267,653
TOTAL FUNDS CARRIED FORWARD
267.283
267.283
270.713
The notes fom part of these financial statements
Page 4

WALES JAPAN CLUB
BALANCE SHEET
31 MARCH 2024
2024
Total
funds
2023
Total
funds
Unreslricted
funds
Reslricled
fund
Notes
CURRENT ASSETS
Debtors
Cash 81 bank
31,168
244.794
31,168
244,794
1,818
278.092
275,962
275.962
279,910
CREDITORS
Amounts falling due within one year
10
{8.6791
{8.679J
19.197}
NET CURRENT ASSETS
267.283
267.283
270,713
TOTAL ASSETS LESS CURRENT LIABILITIES
267,283
267,283
270,713
NET ASSETS
267.283
267,283
270.713
FUNDS
Unreslricled funds
11
267,283
270 713
TOTAL FUNDS
267,283
270.713
The financial stalemenls were aF¥)roved by the Board of Tiusiees and aulhorised for issue on
l<.. :../... ap.a&......... and were signed on Its behalfby..
Keigo Selo- Treasurer
The notes fomi part of Ihese financial slalemenls
Page 5

WALES JAPAN CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
STATUTORY INFORMATION
Wales Japan Club is a registered charity. registered In England and Wales under charity number 1095976. The
goveming document of the charity is its Constitution and it is an unincorporated association. The principal
address and nature of the charity's operations and principal activities are dlsclosed within the Report of the
Trustees.
The financial statements are presented In Sterling {£), the charity's fvn¢lional Cuffency. and rounded to the
nearest pound.
The signlficant accounttng policies applied in the preparation of these financial statements are set out below.
These policies have been ¢onsistenlly applied lo all years presented unless otherwise staled.
ACCOUNTING POLICIES
Basis of preparing the flnancial ststgrngnts
The financial statements of the charity, which is a public benefft entity under FRS 102, have been prepared in
accordance with the Charities SORP {FRS 102) 'A¢¢ounling and Reporting by Charities= Statement of
Recommended Pra¢ti¢e applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191., Financial
Reporting Slandard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared lo give a 'true and fairf view and have departed from the ChatFties
(Accounts and Reports) Regulations 2008 only to Ihe extent lo provide a Irue and faiv view. This departure has
involved following the A¢¢ounting and Reporting by Charities.. Statement of Recommended Practi￿ applicable to
charities prepartng their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities- Statement of
Recommended Practice effective from 1 April 2005 which has since been withdrawn.
There have been no material departures from Financial Reporling Standard 102.
These financial statements have been prepared in compliance with SORP {FRS 102).
Flnanclal reporting standard 102 - reduced disclosure exemptions
The charity has taken advantBge of the following disdosure exemptions in preparing these financial statements.
as pemitted by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,:
the requirements ot Section 7 Statement of Cash Flows,.
the requirement of paragraph 3.17{d);
the requ1￿Ment of paragraph 33.7.
Income
All income is recognised in the Statement of Financial Adivities once the charity has entilement to the fvnds. it is
probable that the income will be received and the amount can be measured reliably. It is not the policy of the
charity to show incoming resources net of expenditu￿.
Donations and legacies Income
Donations 2nd legacies income includes donations, gifts and grants that provide Cofe funding Of are of a general
nature are recognised where there is entitlement. probability of receipt and the amount can be measltred with
sufficient reliability. Such in¢ome is only deferred when the donor spectfies it must be used in futu￿ accounting
periods or the donor has imposed conditions which musl be mel before the charity has unconditional entitlement.
Income from charitable activities
Income from charitable activities includes income received under contract or where entiuement to grant funding is
subject to specific perfomance conditions. This income is recogni5ed as the related services are provided and
there is entiuemenl, probability of receipt and the amount can be measured with sufficient reliability. Income is
deferred when the amounts received are in advance of the performance of the service or event to which they
relate.
Page 6
continued...

WALES JAPAN CLUB
NOTES TO THE FINANCIAL STATEMENTS - Continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES . continued
Other trading activltles Income
Income from other trading activities is recognised on a receivable basis.
Investment income
Investment income is recognised on a receivable basis.
Expendlture
Llabililies are recognised as expenditure as soon as there is a leg81 or constructive obligation committing the
charity to that expenditure. it is probable that a transfer of economic benefits will be Trquired in selllemenl and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and
has been classified under headings that aggregate all cost related lo the category. Where costs cannot be
directly attributed to particular headings Ihey have been allocated to activities on a basis consistenl wilh the use
of ￿sOurces.
Expendtture on Charitable aclivities comprises those costs incurred by the charity in the delivery of ils activities
and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those
costs of an indirect nature to support them.
Support costs are those costs that, whilst nece55ary to deliver an activity, do not themselve$ produce or
conslitule Ihe output of the charitable activity. This includes govemance costs which are those costs associaled
with meeting the constitutional and statutory requirements of the charity and indude the accountancy fees and
costs linked to the strategic management of the charity as well as a proportion of salaries based on an
approximation of time spent in this area.
Expendtture includes VAT which ¢annot be recovered and is reported as part of the expenditure to which it
relates.
Taxation
The tharity is exempt from tax on its charitable activities.
Fund structure
Unrestricted funds can be used in ac¢ordan¢e with the charitable objectives at the discrelion of the Govemors.
The Governors operate a separate designated fund for the Japanese School in Wales. The funding amount for
the forthcoming year is decided at the annual board meeting held in March.
Debtors
Trade debtors and other debtors a￿ ￿cOgniSed at the setdement amount due after any trade discounts offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably
result in the transfer of funds to a third party and the amount due to settle the obligation can be measU￿d or
estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade
discounts due.
Page 7
continued...

WALES JAPAN CLUB
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
DONATIONS AND LEGACIES
2024
2023
Donations
Embassy ofJapan funding
Welsh Government fvnding
1,185
27,428
660
28,696
49.613
50.356
OTHER TRADING ACTIVITIES
2024
2023
Website advertising fees
270
270
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Club - Annual subscriptions
School fees
Club- Event income
School - other income
11.090
50,881
340
3.263
11.540
52.630
3.500
2,581
65.574
70,251
TRUSTEES. REMUNERATION AND BENEFITS
The Governors received no remuneration during the year (2023 - £Nil}.
Trustees. expenses
Govemors. expenses in relation to the annual board meeting amounled to £Nil {2023 - £Nil)
STAFF COSTS
2024
2023
Wages and salaries
92.050
88,865
92.050
88,865
The average monthly number of employees during thè year was as follows:
2024
14
2023
16
Average number of employees
No employees received emoluments in ex¢es$ of £60,000.
Page 8
continued...

WALES JAPAN CLUB
NOTES TO THE FINANCIAL STATEMENTS - ¢ontinued
FOR THE YEAR ENDED 31 MARCH 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
All income and expenditure in the year ended 31 March 2023 was unrestricted.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Accrued income
31,168
1.818
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Taxation and social se¢urity
Other creditors
338
313
8,884
8.679
9.197
11.
MOVEMENT IN FUNDS
Net
movement
in frjnds
Transfers
belween
funds
At
3113124
Al 114123
Unrestrlcted funds
Wales Japan Club
Designated fund - Japanese School in
Wales
117,717
27.166
{30.000)
114,883
152,996
30.596)
30,000
152.400
270,713
3.430
267,283
TOTAL FUNDS
270.713
3,430}
267,283
Net movement in funds, in¢luded in the above are as follows:
Incoming
sources
Resources
expended
Movemenl
in fvnds
Unrestricted funds
Wales Japan Club
Designated fund - Japanese School in
Wales
32,700
15.534}
27,166
82,757
113 353)
30.596)
115.457
118.8871
TOTAL FUNDS
115.457
118.887)
Page 9
continued...

WALES JAPAN CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
11.
MOVEMENT IN FUNDS- continued
Comparatlves for movement In funds
Net
movement
in funds
Transfers
between
funds
Al
3113123
Al 114122
Unrestricted funds
Wales Japan Club
Designated fund - Japanese School in
Wales
120,804
26,913
(30,0001
117.717
146.849
23.853)
30.000
152,996
267.653
270.713
TOTAL FUNDS
267.653
3.060
270.713
Comparative net movement in funds, included in the above are as follows-
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcted funds
Wales Japan Club
Designaled fund - Japanese School in
Wales
36,310
{9,397)
26,913
84,567
108,420)
23.853)
120.877
117.617
3.060
TOTAL FUNDS
120.877
117.817)
3,060
Tran$fèTS between funds
At the annual board meeting, the Board of Govemors resoFved to distribute £30.000 {2023: £30,000) from Wales
Japan Club funds to the Japanese School in Wales. This transfer is to cover running costs.
12.
RELATED PARTY DISCLOSURES
There were no related paty transa¢tions for the year ended 31 March 2024 (2023: £Nil} which required
disclosure.
Page 10