Tanaka UK Japan Educational Foundatlon Limitsd Trustees. Report and Independ•ntly Examlnod Financial Statements For the Year Ended 30 Septemb•r 2021 (Charlty Commlsslon No. 1137714) (Company No. 07032612)
Tanaka UK Japan Educational Foundatlon Llmlted Contents for the Flnanclal Statomonts For th• Y•ar End•d 30 S•ptèmb•r 2021 PA Reference and Administrallve Informatlon Tru81888' Report Independent Examlners, Report Statement of Financial Activities Balance Sheot Notes lo Financial Statement8 14
Tanaka UK Japan Edueatlonil Found•tion Limitsd Reference and Admlnlstratl Infom)atlon For th• Yoar Ended 30 8•pt•mbor 2021 Charity Numbor.. 1137714 Company Numb'. 07032612 Tru81eeslDifectors'. Mrs Makiko Ueshlma Mrs Kimiko Taki Mr Giles Henderson Ms Fumiko Oanno Mr Takeshi UeBhima Compary Secr8tary'. Mr T8k98hl U6shlma Prlncipal office.. Flat 7 Elton Lodg9 20-22 Florence Road London W5 3TX Reglslernd Olllc8'. 10 Q(an Str88t Placg London EC4R 18E Soll¢llorn'. Bates Wells and Bralthw8lt8 London LLP 10 Quten Street Plxe Lon(Jon EC4R 1BE A(wuntants'. Moorfj Klngslon Smllh LLP Orbital House 20 Eastern Roa(J Romford Ess8x RM13PJ Propety Managers.. Larnbgrt Srnlth Harnpton City Gale East Tollhouge Hill Nottingham NG1 5FS
Tanaka UK Japan Educatianal Faundatlon LSmlted Trustees, Report For the Year Ended 30 S•ptèmbér 2021 The Trustees, who are also Directors of the Charity for the purposes of th8 Comp8ni&s A¢1 2006, Pfesant th&r 8nnu81 report And the financkal statements for the year ended 30 Septernr 2021. The Tru81998 have 8dopted the provi8ions of the Statement ol Recommended Practice ISORPI'Accounting and RepoitiryJ by Charitie5" (revised January 20151. 3TRUCTURE, GOVERNANCE AND MANAGEME+JT Introduction Tanaka UK Japan EdwAtion Found81ion Limitsd (the 'Company'l wag Incorporated on 28 September 2009 and WAS established to Support and fund the advancement of lUcation in Japan. the Unrted Kingdom. and other English 8p¢akirg ¢ountrfe8. The Company was giStered 88 a Chanty on 2 September 2010. Gov•rnlng Document Tanaka UK JApan Educational Foundation Limited 18 a Company limited by gu8r8n100 ènd hAs no sharè capitol. It is conBtilut8d und8r itg Momordndum and Articl65 ol Asswatson dated 28 September 2009 88 8mend#d by two Special Resolutions d818d 22 July 2010 1ra9i81grsd at Companies House on 6 August 20101 and 7 Juty 2016 Ireglstarad ot Companies House on 14 July 20161. 11 1$ a reyi31ofyI Company under Company numb8r 07032612 ard a r8glst8fed ChArfty under CharSty ragistration number 1137714. R•crultm•nt •nd Tr•lnSng of TruBt••• In accordanc8 iha Memorandum and ArUcle8 of A88latIon, the Trustees aro apwlnlod by the membars of the Company. Tho TN8t098 havg o Ilmltgd power to oppolnt Trustees to swve until Ihe followiwvJ Annual Genernl Mgeting. Th& Tru81e¢8 Ihg yg8r, who arg 0199 the Olreciors of the Company, are shryn on page ono. Th8 Trugt8a8 ghall never be le88 than thrt8 In numbor and ¢h8ffj are cuffently flvg. M•n•9•m•nt The Trusteeg ora uRlrnotely re8ponslble for the poli¢iè8, aCtlvltla8. And a88at8 of th8 Compary. The Trustee3 rneet 81 le881 onca 8 yéar and ar& m2POn81bl8 lor rgvkniro the annual account3. pollcl68 8n prCedUreS In respect of Iniernal financial contro18. and the pollcy In r8laUon to Inv8stmant9. Rl•k M•nag•m•nt The Tmste88 have exarnined ihe Major 51ralegic, busine88, 8nd opgralional risks Ihat the Company18 oxposed 10 8nd these 8r8 r8Vi8W8d fegularty. The TrLtstees are satisfied that adequale procedur08 are in pl8¢e lo mitigat8 exposure lo these ri8k5, amhough il 18 r8cogni88d that systems con only provldg reasonable, not absolute, 8$8uranc8. They have idenlifi&J the followng risks and taken to miliggle guch risks.. Inveslmenls wlll (Jrop In value. - Vanguard, a welkeslablished 8888t man8ger, h88 beèn engaged by the Directors 8inc8 2015 to manage a s11cnt Propoon of the amounts the Company has available for invegtrnent. Th6 8M)roprl8tenes8 a1 productlv8n898 of thi8 oroagemenl Is reviewed on an annual b8BI8.
Tanaka UK Japan Educatlonal Foundatlon Llmlt•d Trustees. Report For tho Year Ended 30 S•pt8mb8r 2021 - Grdnvdonations madg will t be spent lor tho charilable purposes for vthich they were made. - Each grdni is made subject to the Cornpanls siandard temis and conditions ol grant, %thi¢h provi¢J& robust protection$ and remgdièg for thg Company. includiThJ cl8wb8d( of funds. In 8ddition. the Tru8teg$ undert8ko proporDon8te chgck3 on e8th p¢Xenlial reclpient In 8dv8n so that th8y C8n be satisfied a5 to thr suitability. The Trustees al80 aGtivety review Iheir actwe grants and require regular updates and ports frclm recipientg 10 onsure the grant monlas Are being u$8d as On8898 Iwhlch are rgqulromenl3 under the condllions of grant), an so that the Comp8ny can take action 018 n8ce8sary. - Intemal control risks. . Structufgd pro¢odure$ lor 8Uthortgatlon ol 011 transoctk)n$ 8rrfJ kyojecls. Risks related lo the maintenance and upkeep ol the occtspd premi888 In Oxford. The Cornpany obtains rèlèvant legal and Insurance advice aThJ other appropriate consultsney support as neèded from tlmo to time lo ensur8 any r&Lgv8nt ri8k3 to the Company are properly considered and addressed. In relation to any works undertaken at the premlseg, only appropriatè well-established controctor8 of good standiThJ will Used with 8ppropriatoly robujl leg81 conlr8¢tu81 documentation Undernlre the wixks vthich Prolecl the Cornpanl5 inleresls. - Covld-19 - The Trustees have con1$r&I tho ptstenti81 Impact ol the Coronavirus. and the various measures taken io contsbn it, on Ihe operations of the ch8rlly in Iho near lulurg. In th8 event Income IB 8lgnllthnlly Impacted then the charlty 11 ¢SIder co81 cuwng mga8yrg$ In ordgr to gn$ure long lemi v4ablllly. K•y Man•g•m•nt P•r•onn•l The board of Truslees and the 8gnlor man8gemenl tgom ¢fmprf88 the key managornent per80nnel of tho Cornpany In charge ol dlrgctlng, controlling, running, 8nd opor8UThJ the Company on 8 day to day b8818. AI Trusiees glve their Ilrno freely and no trustee received remuneration In the yaor. Deta118 01 Trustees. expen988 and re18ted porty transactions ar8 dlgc1088d In noleg 11 and 12 to th8 Aceounls. Inwa•tm•nt Pollcy and R•vl8w The Company has power to Inv8st In 8uch a890ts 98118888 Ilt. Tho Company8 polley ha8 bean to rataln thé Incomè188 e88h on Int8r88t b8Ariw Bccoun181 in 11ght of the volaulily 8ffe¢ling other form8 01 investmènt. The m8rkets bec&me 8t8ble in October 2015 and the Truytees started to invest som0 cash in an EquitylBond fund on 14 October 2015 run by Varouard. The rèturns from Ihtr Compan18 investments wwe broadty in Ilno wlth the adopted b8nchmark. Th8 Trustees actwety monitor the results achieved by Vanguor¢J and arg ¢onl&nl thal they und¢rsl8nd Ihg roason for the hlslori¢ perfomianc81ov01$. They believe that an appropriate investmenl strdtegy in ace lor the mediuwn lo lory term. 08JECTIVES, AIMS AND ACTIVITIES Obj•¢¢18 The obj8ctiv88 of thè Company are tho advancement of e(JOn ol Ihe public In Japan. the Unlted IngdOM, 8nd other Ewlish speaking countries by tho provlsiThi of oducational or finBnclal 8UPPOrt Ilncludlng, but wthoui preludic8 to, tho generality of thè forogoiw m8king grants, bur88rie$, or hOlarshipS) to Ihe proviL18rs of edv¢ation or 8tud&nl8 undert8king studies in the Japan or EThJlish language. literature, cJJlture. arts. or 5dence.
Tanaka UK Japan Educ•tlono1 Found#tlon Llmlt•d Trustees, Report For the Yeor Ended 30 September 2021 Grant-maklng Pollcy Grants a made in line with the obj11¥9 of the Cornpany to education prowidars, Such as unlvwsltles And schools. to achigve the Company's educational objectsves for public b8nefil. Thg beneficiaries of the Comp8rw'g gignt-making programmes are ultimaiely sludents undgrtaking studie8 in Ihe Japanese or Engli8h language, lfter81ure, culture, ans. or sciences. Gr•nt-Making ActItIO0 Th& Trustees have continued to exploro grant-making OPkX)rtunitigs and co9re a number of applications thi8 y88r. In p8rticu18r, a grant h8s been made In furtherance of th& Charitys purposes to Unlver8Sly of Oxford. Pembroke College (the Oriental Ins¢rtuto1- for r88garch lellowships, scholarshlps and an academic symposlum. FINANCIAL REVIEW Since 2014 the Corrpany h88 begn a tenan¢ ol T8n8ka Iku8lk8i Education81 Foun(Jation 8nd gntilbd lo receive rent on the property (The Old Building and The Annex of 66 88nbury Road, Oxford) until 9 March 2027 and 6 M8y 2022 (re8ctelyl In re8PeCt ol $ub.leases granted 10 8chools ond other education providers. The Trustees of Tanak8 UK J8P8n Educ8tion81 Foun¢J81ion Limited h8v& not recordgd the valug ol th08e leo898 on Iha balance sheet but record the rental incorne each year throwh ils 8tatement of finanryal 8clivi18 All funds are unstricted. 11 18 intèndéd that ¢h& invègtm&nt portfolio 11 gen8rale Income whkh wlll be uged lowards satssty'ng the grant-ni8kiro policy in accord8nce with the objeclives ol the Comp8ny. Tolal income In the period ending 3Q September 2021 w88 £236,38812020,' £207,726). Thè financial stataments show investm8nts al morket value. The unrealised and r881i8gd gains and bsue8 on thé r•valv81ion of invgstrnenl 88sel$ for Iho ygar wa¥ 8 ng1 ggln of £116,35212020. £2,018). R•T¥•$ Pollcy The Company's rssèNas comptl88 unf88trlct8d lund8. Fraa ro9orves are unStrIcted lunds lesj amounts lied up In fixed assetB, which are freely 8vailable tts ¥pgnd on any of tha Compan18 purpos88. Fr88 ra88Th85 provid¥ tho worklng capital of iha Company, whilst providirrfJ liquld funds in ca88 of any unexpecled lulure def11. Tho Tru61888 have r8viow8d thè raquSr&m8nt lor fraa rr¥s¥ and based on thalr rovlw they need an arnounl al lea8t aqual to operallTrJ expenditure. The Tru81eès h8v• w8mingd th8 CompanV8 r8qulr8manls for rogarv88 In light of th8 maln ri8ks to tha organisalkin. The Company has unreslricied re8erveB of £2,523.004 88 at 30 Seplemb8r 202112020". £2,146,76718nd frea reseNe8 of £527,462 as al 30 September 202112020.. £636,994). The K8vel of free reserves a8 al 30 Seplember 2021 equal95 to In exce35 of one y&ar8' runnlng costs. PUBLIC BENEFIT STATEMENT The over8reJ)ing objectlve of the TnJste8 grant-maklng strategy is to berfil a wide cross-5ectlon ol IhB comrnunily through supwjrting sullab18 8ducatlonal provid8rs. The Truste&s have referred to Ihe Charily Commi98ion's guidonce on publlc benefit when reviewng their 8im5 8n(l obJ8cUvg9 8nd pl8nnlng Iheir fvlure acbvrtie5. The Trust888 b81i8vè that thèir stratagic gront.making actlviiles meet the oblecuve of benefitlng a de cross.secb'on ol the cornrnunity. The Tru3tee5 ensure that 8 robusl monitoring systern is in plac8 to 83tabli5h the benefbt derived from e8ch grant In order to be confident of meeting their public benefrt oblig8tions. In accordanc¥ th their duligs to prov¥Je put4ic benef in furtherance of the Company'8 charitatAe purposes, hOuTn9 Ihe guKleline3 ol thg Charity Comrni5sion, th8 Tru5t88s hav8 Continu to reviaw potantial grant.making opportunibe$ this year and, In particular, have made one significant grdnl 85 detailed 8bove. FUTURE PLANS After Nvo dmicult years of the COVID-19 pandemic. the charity h88 high hopes thai operation$ are lUmIng lo nom181. In light ol this optimlsm, the foundauon is invillng proposals Irom ¢he UK and Japan once rnore Ihis year Such proposals will evalu8led by th8 trustees in th8 usual coursè as they are reived. The irustees are looking fcThard to supporting the relevant project pros818 which are in 81wnrn8nt ¥wth thè charitys st8tÉ(I goals and obpclives. In addition, the building owned by the charity has undergone signfficant Maintenance work 8nd renovations which have grealty irnproved the pr8mi585. Th8 truste8s ar8 rA8asad io report thls oThJoing majorwork improving the building has been perforrned wiihoul interrupts'on to ¢he tenan15' operaty'on$.
Tanaka UK Japan Educatlonal FoundatSon Umlted Trusts¢s' Report For th? Year Ended 30 S•pt•mb•r 2021 STATEMENT OF TRUSTEES. REPONsI81LlEs Th& Trustees ar8 reswn8ible for preparirvj (he Trusiees, Report and the lIna1 ststernonts In accordance wth applicable law 8nd regulauons. Company law requlres th¢ Twsle88 lo prepare financial slalement8 for eath financial year The Tru8le98 have 81gcled to pr8p8rg tha fi'nancial 8talement3 in accordance with United Kingdom Generalty Accepled Accounts'ng prd¢9 Iunited Kingdorn AccountirvJ Standards and applicable lawl. Under Compony law th& Tru8lae$ must not approve the finanaal stalements unless they Are 9gli$fi8d that they glvg a Irug and f8ir view of the 8¢3le of offalrs of the Company 8nJ of ltte proflt 8nd 108s of ihe Company for th8t period. In preparing Ihwde fi'nanri81 gtslemenl8. tho Truslees are required to.. . sdect 8ultable accountlng pdloe8 8nd then apply con8i8t8nUy.' • obseNe the method5 Bnd prinpIeS in tho Ch8rit185 SORP., • make judgernents 8nd estimales (hat are re880nable and prudent., * State vthether applicable UK occountSrvJ 9tandardg have boen lollow8d, sub*t to any malertal dèparturos dlsc109ed and explained In thè fln&nci815t8ternents,' an ' prep8re th8 finaraltaternents on a Consistent and ongoiThJ baBig unle8B il is inapproprSatg to prasum8 that thè Cornp8ny will continue to operate. Tru81088 ar8 r89ponble for ke¢pitYd 8deou8tO 8ccountsrvJ reo)rd8 that are sufficienl to show and explain the Company's Ir8n$a¢tion8 and di8clo88 with reasonable accuracy at any ISrne ihe flnanclal posltlon of the Compony and enab18 the Trustees lo onsuro that tho 1Snanclal statements comply Ihe Compani98 A¢1 2006. They aro also r8sF4)nslbl8 lor Safèguardi tha as$&l8 of Ihg Comp8ny 8fKJ hen¢e for taklng rea80nable steps for the pr8vènts.on and dele¢lbn of fraud and er Irregularfues. So far as oach of th8 Tru8t88818 Aware at tha Ilme tho p)rtIS approved.. there Is no Televant Infornalion ol whlch the Compan18 Independent ex8mlner8 are ungware.. and b tho TruBte08 have taken all 8teps that they ought to have tskon lo mak• them8dv08 awar8 of any rel8vanl Infofm8Jon. Approved by Ihe Trustee8 and 81gned on beh8W ofth9 Tryo1908 by.. May 3, 2022 Mr Takashl Uo8him8 on behalf of Ihtr Tru3leeB Date
Tanaka UK Japan Educatlonal Foundatlon Llmlted Independent Examlnor's Rgport to the Trustoos of Tanaka UK Japan Educational Foundation Llmlted For thè Year Ended 30 September 2021 l pOrt on the accounts of the Company for the year ended 30 September 2021 which are Set out on page5 7 10 14. Rosponsibilitios and Ba818 of Roport As the Trustees (who are 81so the Charitys Directors) of the Company you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 Ilhe 2006 Acl'}. Having satisfied myself that the Ounts of the Company are not required lo be audited under Part 16 of the 2006 Act and are eliglble for independent examination, I report in respect of my examinallon of your Charills accounts as carried out und8r section 145 of th8 Charitie5 Act 20111'lhe 2011 AGVI. In Garrying out my examinalK>n I have followed the directions given by the Charlty commission under sectson 145{51 (b) of the 2011 Act. Independent Examlner'8 Statement Since the Company's gross income exceeded £250,000 your examiner musl be a member or a body listed in 8eclion 145 of the 2011 Acl. I confirm that l am qualified lo undertake the examlnallon because18m a member of ICAEW, which is one of the listed bodies. I have completed my examlnallon. I confirm that no mallers have come to my allenlion in connection with the examlnation giving me c8US8 lo beli8ve'. 1 } accountlng records were not kept In respect of the Company as required by section 386 of Ihe 2006 Acl., or 2} the accounts do not accord with those records; or 3) the accounts do nol comply with the accounting requirements of seclitin 396 of the 2006 Act other than any requirement that the acGoun15 give a 'tru8 and fairf view which is not 8 matter considered a5 parl of an indepandenl examination.. or 4} Ihe accounts have nol been prepared in accordance with the methods and principl88 of the Statement of Recommended Pracllce for accounting and r8POrting by charllles appllcable lo charities preparing their accounts in accordance wlh tho Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concems and have wme across no other maller8 In connection wth the examination lo which allenlion should be drawn in this report In order lo enable a proper understanding of the accounts lo be reached. 4 May 2022 Karen Wardell, FCCA ICAEW For and on behalf of Moore Klngston Smlth LLP Charterod Accountants Orbital House 20 Easlem Road Romfor Essex RM1 3PJ
Tanaka UK Japan Educatlonal Foundatlon Llmited Statement of FinanGial Activitles For the Year Ended 30 September 2021 Notes 2021 Total Funds 2020 Total Funds Incom• from: Investments 236.388 236,388 207,726 207.726 Expondlturo on: Raising funds Charitable activiti88 15,978 20.525 36,503 32,840 72,224 105,064 Nèt incomlng rn•ourc81 born other rncognljad galn8 and1088•8 199,885 102,662 Gain on investment assets N•t mov•mant in funds 176.352 378,237 2.018 104,680 R•con¢lllatlon of fund$ Total funds brought forward Total fund8 carried foMard 2,148.767 2,523,004 2,042,087 2,146,767 14 All activities are conlinuing. There are no recognlsed galns or Ios8es other than as dlsclosed above. The Statement of Fln8nclal Actlvltles Incorporates an income and expenditure a¢counl. The note5 on pages 9 10 14 form part of the flnanc1818talemenl8,
Tanaka UK Japan Educatlonal Foundallon Llmlted Balanco Sh¢•t For the Yoar Ended 30 Septembgr 2021 Not08 2021 2021 2020 2020 Fixed assets Investments 1,756.407 1,509,773 Curront ass•ts Debtors.. amounts falling due within one year C88h al bank 117,093 682,528 799,621 652,062 852,062 Ctsrrent Ilabllltle8 Creditor5'. amounts falling due within one yaar 33,024 33,024 15,068 15,068 Not current aS8•t• Not 786,597 2,523,004 636,994 2.146.767 R•pr•untad by Unrestricted fund8 14 2,523,004 2 523 004 2,146,767 2 146 767 For the financial year ended 30 September 2021 the Company was entitled to exemplion from audlt under se¢bon 477 of the Componios Act 2006. The Member8 have not requlffjd the Company lo ob18in an 8udil In accord8nce wllh 88ction 476 of the Companles Act 2006. The Tru818es acknOedge their responsibilities for coMplng wllh requirements of the Act wllh re8peGt to accountSng records and the preparation of financial ststemenls. These accounts have been prepared in accordance with the provisions applicable lo wmpanie5 subjeGI lo the ¥mall companies. reglmg Wthin part 15 of lh9 Compani8s AGI 2006. The Ilnancial st8tsments re approved for issue by the Board on behalf by.. 3May 2022 and slgnad its Mr Takeshi U8shima on behalf of the Trustees Company Règistration No. 07032612
Tanaka UK Japan Educatlonal Foundatlon Limlted Notes to the Flnanclal Statements For th• Yaar Ended 30 Soptsmb•r 2021 1. kcountlng pollcles Company Informatlon Tanak8 UK Japan Educational Foundation Limited is a private company limited by guarantee, doMile Bnd incorporalgd in England and Wal8s. The registered office 10 Quoen Street Place, London, EC4R 18E and the principal office 15 Flat 7 Elton Lodge, 20-22 Florence Road. London, W5 3TX. {al Basis of preparation The financi81 slalemenls have b8en prepared under the historfc81 cost convention, wlh tha exceptlon of Ilsted invaslments vthich 8re includad at Ih6ir market value. The fin8ncial stslèmanls havè beèn preparéd in accordance th the Statement of Re¢¢mmended Pra¢b¢e appli¢ablg lo Gharilies preparing their a¢¢ounts in a¢¢ordan¢a with the Financial Reporting Standard applicable in the UK and Republic of Ireland effeth've 1 January 2015 (The FRS 102 Charities SORPI, the Companies Act 2006 and Charities Act 2011. The TNslees confimi that the Comp8ny meets the d8flnllion of a public entity under FRS 102. (b) Incomlng r••our¢ All incoming resourc8s are included in the Statement of Fin8nci81 Activities when the Company is enlilled lo recelve the income and the amount can be quantified with r8880nable accuracy. The followng policies are applied lo partlcular categories of inccffle.. Voluntary Income is received by way ol grants, donations and glfts and18 includad In fvll the Slalement of Flnancial Acllvllles when r8C8lvable. Grants. where enlillemenl Is not condlllonal on the dellvery ol a speclfic perfomiance by the Company, are recognlsed %then the Company bgcomes uncondllionally enlilled lo the grant. Donated 8ervice8 and facilitie8 8re included 81 the value lo the Company where this can be quantified. The value of services provided by volunteer8 has not been Included In these financlal statement8, Inve8lm8nl in¢ome 1$ induded when racaivablo. 1¢) Rè•our¢•8 •xpèndod Expenditure is recognised on an accrual b8818 as a liability Is Incurred. Expendllure inclLtde8 VAT, and 18 raported as part of the expendllur8 lo whlch it r8laleB'. - Costs of ralsing funds comprise the Costs as80Giated wlth allracllng voluntary Income. Charitsble expenditure comprlses those cos18 Incurred by the Company in the delivery of its aclivilles and servlces for its beneficlades. 11 includgs both costs that can be alloG8led direclly lo such aGtivilies and those cosis of an indirect nature necessary lo support th8m. Chadlable expenditure includes grants payable whlch ara charged in the y88r In whlch the offer is conveyed lo the re¢ipienl, ex¢ept where the grant is ¢ondilional, in whi¢h ¢a$e the expendituffj 1$ renISed when th& onditions of such grants arg fulfilled, - All costs are allocated between the expenditure categories of the Stslemenl of Finan81 Aclivities on a basis désigned to roflocl the use of tha rasourco. (d) Going concern While the spread of the coronaviN8 has a negative impact on bu8ines8 acbvities. il is currently not possible to make a reliable eslim81e on the depth of the impact on business activities. Al the time of approving the Directors have 8 reasonable gxpectation that th8 Company has adequate resources lo conlinug in opgralional existen for the foreseeable future. Thus the Directors continue lo adopt the going concern basis of accounting in preparing the financial slalemgnts,
Tanaka UK Japan Educatlonal Foundatlon Llmlted Notes to the Financial Statements {contlnued) For the Year End 30 September 2021 1. kcountlng pollclas (contlnued} {•) Flxed Inv•stm•nts Investments are a form of basic financial instruments and are inits'ally Shown in the fi'nanGial stslements al market value. Changes in the market values of investments ore shown as unr8alised gains and Iossas in the Slalement of Fin8ncial Acuvilies. Profits and losses on the realislion of investments 8re shown as re81ised gains and losses in the Slalemenl of Financial Aclivili8s. Realis8d gains 8nd losses on investments ar8 C81culaled b8twa8n sales proca6ds and Ihalr opening carrying values or their purchase value if acquired subsequent lo thè first day of the financial yèar. Unrealised gains and losses are calGulaled as Ihe differenGe be09n the fair value al the year end and their Carng value. Re81i8ed and unreali8ed investment gains and losses are combined in the Statement of Financial Aclivilies. {fj Flnanclal Instruments The Company has elected lo apply th• provisions of S•¢tion 11 'B8si¢ Fin8n¢ial Inslrumenls, and Section 12 'Olh8r Financial InslTurnents Issues, ol FRS 102 to 811 of 115 financi81 inslrum8nls. 888ic financlal ags8ls. whlch Include trade and other receiv8bles, cash and bank balance8, are ini118lly me88ured at Iransa¢lion pri¢e in¢luding Iran8actlon costs and are Subsequanlly carried al amortlsed c081 uslng Ihe effective inlgr951 method. unless Ihg arrang8rnent conslllules a financing Iransactlon. whare tha tran88cllon18 me88ur8d at the pre59nl value of the futuro receipts discounlod at market rale of interest. (g) Cash and cash •qulvalent8 Cash and cash equivalents Includes cash In hand, deposits held al call wSlh banks, other short-lemi liquld invgStm8nl8 with original malurille3 01 three months or18s5. and b8nk oveTdT8ft5. 88nk ov8rdrafls are shown thin borrowings in current liabilities. (h) Unr•strlct•d fund• These ¢omprise those funds whlch the Trnslees are Iree Io u88 in accordance with the charitable oblecllv88, %thich 8T9 shown on the Ststemenl of Flnanclal Acllvllles and Balance Sheet. The Comp8ny does not mainlaln any other lunds. 2. E6tlmat•• and ludggm•nts In the application ol the Company's a¢counling poli¢ies. the Truste8$ are requlrèd lo make judgements, esllmal88 and assumptions about the Carrng amount of assets and li8bililies that are not readily opp8renl from other sources. The esllmales 8nd assodaled a8sumptlon8 are based on hi8torlcal experience and other factors th81 are considered lo be relevant. Actu81 results may differ from these estimates. The e81im8le8 and underlying 8S8umplions are reviewed on an ongoing basS8. Revi8lon8 to accountlng estlmales arg r¢cognised in the period in which the estimate is revised where the revision affects only that period, or in the period of tho revision and future periods where the r&vi5ion affgcls both current and lulure periods. The Trus1885 do not consider there to ba any malerlal esllmales or judgements. 10
Tanaka UK Japan Educational Foundation Limit•d Notes to the Financial Statom¢nts l¢ontinuodl For th• Year Endad 30 September 2021 3. Investment Income 8y virtue of subleases signed on 9 March 2012 and 20 December 2013 Tanaka UK Japan Educational Foundation Limit8d became the lessee of The Old Building and The Annex of 66 Banbury Road Oxford on 24 July 2014 and is entitled lo receive rent on the property until 9 March 2027 and 6 May 2022 re8peclively, whereafter the leasas svill revert back lo the Tanaka Ikueik8i Educ8tion81 Foundation. The Trusl8e5 of Tanaka UK Japan Educational Foundation Limited have not rècorded tha v81ua of these leases on the balanc8 sheet bul record th8 rental inGome each year through the Company's Statement of Financial Activitses. Durlng the year ended 30 September 2021 T8n8ka UK Japan Educational Foundation Limited received the followng income.. 2021 2020 Dividend8 Rent- The Old 8uilding Rent- The Annex Other income - Utility payment8 20,282 101,106 115,000 24,396 67,404 115,000 926 4, Ral8lng lunds 2021 2020 Property manag8menl Gh8rg•6 Repair$ 8nd maintenance Ulilily costs 9,374 3.906 28,934 6,604 5. Charltable aCt5tle9 From 1 October 2020 10 30 September 2021 the Company made gr8n18 totslling £3.000 {2020.. £53,215110 tha in81ilulion8 88 lislad below.. 2021 2020 Grants made Madborough College Inlgmab'onal House of Japan P8mbroke College 3,000 10,000 43.200 53,200 3.000 Legal lees Trustee remunerallon Trustee expenses 10.778 1.000 581 12,359 12.245 1.000 731 13,976 ernance costs Accountancy faes Independent examin0rf8 fags Bank charges 1,900 3,260 1.900 3,092 56 5,048 5,166
Tanaka UK Japan Educatlonal Foundatlon Llmltod Not05 to the Financial Statements {contlnued} For tha Yaar Endod 30 Septembor 2021 6. Membèrship The Company is limited by guarantee and has five members.. ea¢h member guarantees an amount not exceeding £10 in the event of the winding up of the Company. 7. Investmgnt aosets 2021 2020 Market V81ue blfvvd Add.. Acquisitions at cost Dividend income for the year Net gain8 on revalu81ion 1.509.773 50.000 20,282 176,352 1,756.407 1,483.359 24,396 2,018 1,509,773 Histoncal c08t 1.178071 1.128.071 Malerlal investments valued 8t more th8n 5% of the portfolio 8r8'. Vanguard LlleSlr8lagy 1.756.407 1000 8. D•btor•: Amounts f•llSng du• wlthln ono ar 2021 2020 Accrued inGom• other debtor8 101,108 15,987 117093 9. Cf•dltors'. Amounts falllng du• wlthln one y•ar 2021 2020 Acwunlancy fees Deferred income {renl in advanGel Servlce charge 4,274 28,750 4,274 10,794 33,Q24 10. Movement In dgferr•d In¢omo 2021 2020 Deferred income brought foard Incoming funds released lo Stalemont of Financi81 Activities Amount deferred thi8 yaar 62,452 162.4521 28,750 28,750 28.750 62.452 12
Tan•ka UK Japan Educatlonal Foundatlon Llmlted Notes to the Flnanclal Statements (continued) For thg Yoor Endod 30 Soptfrmbgr 2021 11. Trustees. remuneratlon and expenses Ms Fumiko Danno was remunerated £1.00012020.. £1,000) during the year in relation to administration and management. 0th8rwi59 no Trust09 or member of thg managgmenl Gommillee were paid any remuneration during the period. Expenses were reimbursed lo INK)12020'. one) Tnjstees in the year lotalling £58112020-. £7311 relating lo travel and accomodaty'on costs. No Tru8tee or other person related lo the Company had any personal Interest n any contact or tr8n88clion entered into by the Company during the period. 12. Ralated party transactlons During the year, the company paid £nil12020.. £53.2151 lo the Tanak8 Ikueik8i Educational Foundation (Technos College). The Tanaka Ikueik8i Educational Found81ion owns 99 out of 100 membarship 'shares' in Technos International (Oxford) Limited. 8 Company under Gommon Control. 13. Analy81• of n•t b•twoen fund# Unr•strlct•d Funds 2021 UnroStrlct•d Funds 2020 Total 2021 Total 2020 Flxed a88e18 Current a8sel8 Current liabilitSe8 1,756,407 799.621 33.024 2 523 004 1,758,407 799,621 33,024 2 523 004 1,509,773 6S2.062 15.068 2 146 767 1,509,773 652,062 15,068 2 146 767 14. Mov•m•nt In fund• Incomlng r••ourc Outgolng r••ourc•• At30 $•pt•mber 2021 Octob•r 2020 Tran•f•rn Unrostrlctod funds: General funds 2, 146,767 412,740 36,503 2,523,004 Total funds 2 146 707 2 523 004 Movem•nt in fund$ in respgGt of the Gomparalive pgrlod.. Incoming resources Outgoing res¢urce8 At30 September 2020 October 2019 Transfers UnreBtri¢tgd fundj: Gener81 funds 2,042,087 209.744 105.064 2,146.767 Total funds 2 042 087 2 146 767 13
Tanaka UK Japan Educ8tlonal Foundation Llmlted N¢)t•s to th• Financial Stat?monts {continuod) For the Year Ended 30 SePtbar 2021 15. Flnanclal commltments The charity has financial commltmen18 of £239.13512020.- £239,135) In relatlon to property repaSr co818. 16. COmparv• 8tst•m•nt of Fin•nGlal ktlvltios All Incomé and 8xp&nditum in re18tion to tha prlor period was UntrIcted. 14