COMPANY REGISTRATION NUMBER: 1095976 CHARITY REGISTRATION NUMBER: q095976 Wales Japan Club Company Limited by Guarantee Unaudited Financial Statements 31 March 2025 IT Chartered accountants Unt 2 Riverbridge Business Centre Rhymney River Bridge Road Cardiff CF23 9FP
Wales Japan Club Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustee's annual report (incorporating the director's report) Independent examiner's report to the trustee Statement of financial activities (including income and expenditure account} Statement of financial position Notes to the financial statements The following pages do not form part of the financlal statements Detailed statement of financial activities 10
Wales Japan Club Company Limited by Guarantee Trustee's Annual Report (Incorporating the Director's Report) Year ended 31 March 2025 The trustee, who is also the director for the purposes of company law, presents his report and the unaudited financial stalements of the charity for the year ended 31 March 2025. Reference and admlnlstratlve details Reglstered charity name Wales Japan Club Charlty reglstratlon number 1095976 Company reglstratlon number 1095976 Prlnclpal offlce and reglstered Unit 2 offlce Riverbridge Business Centfe Cardiff CF23 9FP The trustee KS Keigo Seto Independent examlner Leanne Eustace FCCA Unt 2 Riverbridge Business Centre Rhymney River Bridge Road Cardiff CF23 9FP Structurei governance and management The charity adopted a constitution dated 24 March 1999 which was amended 18 March 2006. The Trust is registered with the Charity Commission, registration number 1095976. Membership of the charity is open to any individual over the age of eighteen, or organisation which is interest in furthering Ihe work of the charity. The Board of Governor review the joining fee and the annual subscription due from members each year. The Board of Governor consists of members nominated from each member company. There may be between 3 8nd 27 members elected at the general meeting, who hold office from the conclusion of that meeting and relire from office one year later. Matters are determined by a majority of votes of the Board of Governor, the chairman having a second or casting vote. The Management Commiltee manages the day-to-day activities of the Charity.
Wales Japan Club Company Limited by Guarantee Trustee's Annual Report (Incorporating the Director's Report) fconlinued) Year ended 31 March 2025 Objectlves and actlvltles The Charities objectsves are: 1. To manage the Japanese School in Wales 2. To promote international exchange between Japan and the United Kingdom and to contribute to mutual understanding and goodwill within the local community 3. To cultivate mutual friendship behveen members The aims of the school are to support Ihe Japanese children who live in Wales through supplement education such as Japanese language, cultural study between Ihe United Kingdom and Japan. This education contributes to the promolion of a friendship beeen both countries. strateglc report The following seclions for achievements and performance and financial review form the strategic report of the charity. Achlevements and performance During the year the club continued its activilie8 in line with the above stated objectives. Flnanclal r8vlew Incoming resources for the financial year totalled £150,939. The main sources of income were as follows.. 1, Embassy of Japan funding £35,886 2. Welsh Government support £42,000 3. School fees £55,657 Expenditure totalled £130,237. Resulting in a surplus of £20,702. The trustee's annual report and the strategic report were approved on 25 November 2025 and signed on behalf of the board of trustees by: KS Keigo Seto Trustee
Wales Japan Club Company Limited by Guarantee Independent Examiner's Report to the Trustee of Wales Japan Club Year ended 31 March 2025 I report to the trustee on my examination of the financial statements of Wales Japan Club ('the charity.) for the year ended 31 March 2025. Responslbllltles and basis of report As the trustee of the company (and also its director for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounls of the company are not required to be audiled under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's accounts as carried oul under section 145 of the Charities Act 2011 ('the 2011 Act')- In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5){b) of the 2011 Acl. Independent examlner's Statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of Ihe charity as required by section 386 of the 2006 Act" or the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that Ihe accounts give a 'irue and fai¢ view which is not a matter considered as part of an independenl examination., or the financial stalements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Leanne Eusiace FCCA Independent Examiner Unt 2 Riverbridge Business Centre Rhymney River Bridge Road Cardiff CF23 9FP
Wales Japan Club Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Unrestricted funds Total funds 2024 Total funds Note Income and endowments Donations and legacies Total Income 150,939 150,939 150,939 150,939 115,457 115,457 Expendlture Expenditure on charitable activities Total expenditure 130,237 130,237 130,237 130,237 118,887 118,887 Net Incomel(expendlture) and net movement In funds 20,702 20,702 (3,4301 Reconclllatlon of fund8 Total funds brought forward Total funds carrled forward 267,283 267,283 270,713 287.985 287,985 267,283 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 6 to 8 fom) part of these flnanclal statemenls.
Wales Japan Club Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Current assets Debtors Cash at bank and in hand 30,456 269.849 300,305 31,168 244,794 275,962 Credltors: amounts falllng due wlthln one year Net current assets 12,320 287,985 287.985 8,679 267,283 267,283 267,283 Total assets less current Ilabllltles Net assets 287,985 Funds of the charlty Unrestricted funds 287,985 287,985 267,283 267,283 Total charlty funds For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. Directo¢s responsibilities: The members have not required Ihe company to obtain an audit of its financial statements for the year in question in accordance with section 476; The director acknowledges hls responsibilities for complying with the requirements of the Act with respect to accounting records and the preparalion of financial slatements. These financial statements have been prepared in accordance wilh the provisions applicable to companies subject lo the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 25 November 2025, and are signed on behalf of the board by: KS Keigo Seto Trustee The notes on pages 6 to 8 form part of Ihese financlal ststements.
Wales Japan Club Company Limited by Guarantee Notas to the Financial Statements Year ended 31 March 2025 Accountlng pollcles Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair valLse through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity. Golng concern There are no material uncertainties about the charity's ability to continue, Dlsclosure exemptlons The Charity has taken advantage of the following disclosure exemptions In preparing these financial statements, as permitted by FRS 102. The requirements of Section 7 Statement of Cash Flows- The requirement of paragraph 3.17(d) The requirement of paragraph 33.7 Judgements and key sources of estlmatlon uncertalnty The trustees have not identified any critical judgements or key sources of estimation uncerialnty that have a significant effect on these financial statements. Incomlng re60urces All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associaled with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to pariicular categories of income: Income from donations or grants is recognised when there is evidence of entillemenl to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goo(Is unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Wales Japan Club Company Limited by Guarantee Notas to the Financial Statements (contlnts Year ended 31 March 2025 Accountlng pollcles (¢ondnued) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expendilure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates- expenditure on raising funds includes the costs of all fundraislng activities, events, non- charitable trading aclivitj'es, and the sale of donated goods. expenditure on charitsble activities includes all costs incuried by a charity in undertak5ng aclivilies that further ils charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the governance of the charity apportioned to charitable actlvities. other expenditure includes all expendllure that is neither related to raising funds for the charity nor part of ils expenditure on charitable aclivities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportloned between the activities they contribute to on a reasonable, justifiable and consistent basis. Independent examlnatlon fe88 2025 2024 Fees payable to the independent examiner for: Independent examination of the financial stalements 500 500 Staff cogt8 The total staff costs and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and salaries 94,202 92,050 The average head count of employees during the year was 14 (2024., 14). The average number of full-time equivalent employees during the year is analysed as follows: 2025 No. 2024 No. Number of staff - type 1 14 14 No employee received employee benefits of more than £60.000 during the year (2024.. Nil). Trustee remuneratlon and expenses The Governors received no remuneration during the year (2024 - £Nil)
Wales Japan Club Company Limited by Guaranta8 Notes to the Financial Statements (¢onllnued) Year ended 31 March 2025 Debtors 2025 2024 Prepayments and accrued income 30,456 31,168 Credltors: amounts falllng due wlthFn one year 2025 2024 Accruals and deferred income Social securily and other taxes Olher creditors 1.560 676 10,084 12,320 1,560 338 6,781 8,679
Wales Japan Club Company Limited by Guarantee Management Information Year ended 31 March 2025 The followlng pages do not form part of the flnanclal statements.
Wales Japan Club Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Income and endowments Donatlons and legacles Donations Embassy of Japan funding Welsh Government funding Website Club - Annual Subscriptions School fees Club - Event income other charitable activities 499 35,886 42,000 270 9,840 55,657 2,605 4,182 150,939 1.185 27,428 21,000 270 11,090 50,881 340 3,263 115,457 Total Income 150,939 115,457 Expendltura Expendlture on charltable actlvllles Purchases Wages and salaries Rent Insurance Legal and professional fees Other office costs Other interest payable and similar charges DetailedSOFAExpenditUfeOnCharilableAcliviliesType2H DetailedSOFAExpenditureOnCharilableAclivitiesType3H 6.843 94,202 8,800 834 6,125 3,159 1,606 7,687 981 6,482 92,050 8,560 2,683 2,922 3,924 317 968 981 130,237 118,887 Total expendlture 130,237 118,887 Net Incomel(expendlture 20,702 (3,430) qo