C(xnpny registration number.. 07527235 jap￿ AwKiation in the UK (A COmFAny limited by guarthee) Annual Report and Financial Ststements forthe Period from 01 July 2￿22 ￿ 30 June 2023 Japanese Financial SolutiorLS Limited Unit 1, 5 Baldwin Stnet London ECIV9NU IINII 'Acv0WHY9• 1910112024 COk*ANIES HOUSE Japan Association ID the UK Contents Reference and Administrative Details........ Tru5tee5' Report........................-.....-... ....-.. .2to3 Independent Examiner's Report.. Staternent of Financial Artivities.. Balance Sheet.... Notes to the Financial Ststements.........................-........-........-....-............. .7toll The following￿Et dces not frffm part ofthe5tatytory financ1￿ ststemuAts.' ststement of Financial Artivities Per Fund .-.....-........... 12 Japan Assoeiation ID the UK Rtf¢reDce aDd Administrative Details Ch*rity #Ame Comp*fyy regtstrxtiott number 07527235 Reg￿tered office LakknNII 3FS Trnsttts Takaaki Hawka (fertninated on I l NOv￿be¥ 2022) Noriko OBawa Y(tshio Mitsuywnt Sathiko Fujita Choudhary Tadaharu (T¢rminated on l February 2023) N3iKni Suzuki ch]￿jk0 Winter Minako Hall Atsuko Sato Whitej￿usc mttnat￿ Yamamoto Noriyuki Ito cfemiinatul on 15 SeN¢mber2023) Kimie Abe (Tern)inat&l on 24 O¢t0ber 2022) Hitomi Hayakawa TetsuTO Hama (App)Int￿l on 15 September 2023) Secretary Takaaki Hauaoka (Tmitiated on I l Novernber 2022) Chith Winter (Ap￿INed on 3 August 2022) Japan Asso¢i*tion in thc UK Trustees, Report The TnLqt¢e pr¢5ent their • for the year fflded 30 June 2023 to r¢*J in wijunctton with the 8ttachtyJ Financid Statements. The finaociat ststements comply with thE Charitie5 Ad 2011. the Companies Act 2006, the MemoranduDJ and Art(cles of Assoct8tion. and Accounting and Rewrting by Charilie5.' Staiement of Recommended Pradi¢¢ applicable to charities preparingtheir irt accordance the Financial Rewrting Stsnd8rd applicable in the UK and Republic of Irelartd (FRS 102) (elr￿tIVe l J¥nuary 2015). Strn¢tsre & Govern*D¢e Th¢ company was incorp￿¢11 a Trivate Company Limited by Guamtee on I l Feb 201]. The objects of the Company 8re.'_ (l) To promote the Ixnefit ofth¢ wbli¢. particul8rty Jap8w speaking people by: (a) the advancement of education and tAirtin (b) the relief of ￿Vty. sickness and distre (c) the promotion of g(A)d healt￿. and {d) the provision of re£r￿lon￿ facilities in the interests of social welfare with the object of imwoving their conditions of lifr. and" (2) To advanee education of the public on all aspeas of Japanese history aDd cultUTE Martt aetiwlty and P¥blie beAefit The main activity is fvnditb& (KganistngaDd prnmotin8dwiiabk itt line wtth th¢obj#ts of the ComrAny. Review of the Ye•r W¢ had a very Succe&%￿] year to inspire our Vol￿￿e￿3 and organis¢ high PTofile duritable events. Fiuaneill Review lrtcome amowit>l to £65.087 {Last year: £67.832). Expetiditur¢ 8rnOUtrte41 to £58.363 OAst ye4r'. £48.8r2). The Su￿lUS of £6.724 (L￿ yeaT". £18.9fK)) w&$ added io the Reserves. We are PTomolin8 lo establish a community centre forjwese S￿￿]￿% pe4)ple inthe UK andrwxived£690.don8tion forthe restrkcted fimd (L&styear£955). Rtserves li is the Tntst¢es' ￿lleY to S¢CUte fuThJs for each year's activities at an early stage and &q much as pos5ibl¢. In ditiOD, they aim to maintsin sufficient r¢%rves to ¢ov¢r unfmeen fluetuatiLM)s in incom¢ and exp¢nditur¢. Risk m•nagtm¢nt The trustees have ¢xarnin¢d the strategie and o•ional risks whith the charity faces and confirni that systems have been established to enable regular reWlo be wodu(al so that rtecessary steps can be tsken to less¢rt these risks. Plans for the futDre We iniend to expand our aclivitie5 in line with dwitsble objectives. Tru$trt5' r¢spTrusibilities 14 rtl*tion to tbe ffiu*•eial st*tememts The chwity trustees (who are also the diredoT5 of the Arts Theatre Tr￿st for the p4llpose5 of company law) are responsible for preparing aIn￿. snnual report and fll)8ncial statements in a¢cordaDee with applicable law and UrLiied Kingdom AceountinB Stsndards (Unit&J Kingdom Gen¢Trlly Aw¢pted AtcountinB Practice). CornpaDy law requires the 6¢harity trustees to pw financial 5taternents f￿ year which give a tru¢ and fair view of the state of affair5 of the ch￿￿ble mp8ny and the group and of the in¢oming resouTce5 and application 0fre50u￿c4 I￿1￿1]ngthe iTwmeaAd expertdituir,ofth¢ charirabkgroup ￿tkatPerIOd. In preparing the finaneial stytem¢nt8 the tr￿￿eeS are m4uired to: select suitable accowiting policies JJKI thai appty dwn consi#ently' • observe the m¢thLNL% aDd pri￿1P1¢S iti the chariti￿ SOIRP. make judgements and estimat¢s that ar¢ re&wnable and pnKknt. stat¢ wheth¢r appticable UK accouthg standards have beu] followe4 subj¢¢t to any material departur￿ disclosed and explxin¢d irt the financial statements" prepare the fmancial Stste￿￿S on tk 80ing concern b&%is unless it Is inappropri¥e to presume that the charity will continue in b￿}n The try5tees are resrA)nsible for keeping proper w)unting recoTds that disclose with re¥sonable accuracy ai any time the fmancial FX)Sition of th¢ tharity and to enable them to ensure that the fiD8D¢ia] ststements comply with the Companies Art 2006. They 8r¢ also respnsible for safeguarthg th¢ as%ts of the dwity and th¢ ￿up and h¢ne¢ tsking reasonable steps fcf the wevention and dthtbon of frnHI 8nd othv irre8ularities. Th¢ truste¢5 are re5ponsibl¢ for the maintenance and integrity of the and financial infomation included on the charitsble company's website. L¢gisl&ion in the Unitod Kingdom gov¢ming the pxeparation and dissemination of fmancial &atern￿ may diffu from legislation in other jurisdi¢tioTh8. AppTov¢d the Boord on 3 DecembeT 2023 ¥nd on its trthlf by.. int q //L/2• Pag¢ 3 Independent Eiaminer'$ Report to th¢Trwttts of JapaD Association ID the UK I report on the accounts of the ¢(MDpany fortheyw sxkd 30 ￿23. which are set out (m pages 5 10 11. Respettfve rtqpottsiblilties of irmstea ¥Bd examiDer The tn￿ee5 (who are also the d]r￿T$ of th¢ ¢omp¥ny for the puryxw of c(￿panY law) are reswible for the preparation of the accounts. The trustees considerthat an a￿lIt 15 not r4uir¢d for thi5 year under se¢tion 144(2) of th¢ Clwities Act 2011 (the 2011 Ad) 8nd that an indepu)dertt examtrtation is needed. Having satisfied myself that the charity is sub￿￿ to awlit ￿der ¢¢)rn[￿Y law and is ¢ligible for indeputht examination. it is tny reswnsibilty ￿." examine the a¢￿Ul￿ ￿nder 5¢Ction 145 of the 2011 A follow the proc•Jure5 laid down in th¢ G¢neTal Dittdi(ML8 givffl by thE Ch8rity Commission under section 145 (51 (b) of the 2011 Actr, and state wh#h¢r Parti￿]ar rnat*rs have c4me to rny atto)tion. Ba$&$ of ind¢pend¢ttt re￿rt An exatnination includ&% a ftview of the ac/u25 The notes on pages 6 ￿ 10 fonn an Integ￿ rArt of these financial 5tsternents. Page 6 Japan Association in the UK Notes lo the FiD*n¢ial Statem¢Dts for the Period Ended 30 June 2023 Aeeo4ntiog poli¢ies Basis of pr¢pornt￿ The fmancial ststements have be￿ prepored in accordance with Accounting and Reporting by Chartties: Statement of Recommended Practice applicable ro chariiies weparing their a￿Ounts in accordance with th¢ Financial Reporttng Standard applicable in th¢ UK aTKI Rwublic of [rela￿j (FRS 102) (effe¢tiv¢ I Jartuary 2015)- (Charities SORP (FRS 102)). the Finaticial R9￿ing Stsndard applicable th¢ UK and Republic of treland (FRS 102) the Cornpanies Act 2(M)6. Arts Theatre Tnjst meets the definitirn of a public benefit entity undu FRS 102. Ass&s aThJ liabilities are initially Te¢ogni5ed a¢hi5torical rost oritati5￿l0D valU¢Uttl￿ Nhttwise ststed in the relevant a￿o￿ntIng jlicy note(s). Fund #ceo4ntiAg yJlKy Unrestricted income fimds are grn41 fwd% that ¥r¢ available for at the trustee5' dis¢rtion in fi￿th￿ce of the objertives of the charity. Further details of each fund we disclosed in note 13. IDeomiag resourees Don?tions ar¢ reco￿lSed where thete is eDtitlemenL cutsinty of r*etpt and the amow)t ¢8n be meawr&J with sufficient reliability. Ruo¥r¢es expended Liabilities are ￿o￿lS¢d ￿ SÉK￿ Os there is a legal or cA)nstr￿lIve obli8ation cotnmitting the charity to the expenditure. All ex￿TrAIn￿e is xcount¢d for on an awuals ￿1$ al￿ t*en classified under headings th8t aggregate all costs r¢l8fyJ to the L*egory. Costs of gener￿l￿g funds are the costs as￿)Ciated with attracting volunt¥ry ineome. Fixed Issets Individual fixed assets costinB £250 or rn0￿ ¥re initially r¢tirded at cost. D¢pre¢l*tiDn Depreciation is provided on tsngible f￿¢d assets so as to WTil¢ off the costor valuation, less any estimated residual value. overtheir useful econornic life as follows: Plant and machinery 25% strdight lin¢ b*sis Fixtttres and fittings 25% sknight line basi5 St•ek Stock 15 valued at the lower of cost and n¢tr¢alisable va)￿, afterdu¢ regard for ob501¢te and slow rnoying Stocks. N¢t reali54ble value is FAs¢d on selling price less anticipat>J costs to completion and selling cos Items donated for r￿ale OT distnTrJution are not iDcILbJed ID the finarK1￿ Stat￿￿￿t& until they are sold or distributed. Opern¢ing I￿$¢5 Rentals payable utmler owatitig lea8esare chaTged in stat￿ent0f financial aclivities on a straight line basis over the lease tern). Japan Association Ill tbc UK Notes to the Finantial Stalements for the Period Ended 30 Jmne 2023 con¢inued VoluntJry Intome Umrtstrieted Restrirtd Totsl F4nds Funds Fumds Rettivtd 30 2023 Unrestricted Restrieted Totsl Funds Fwnds Fmnds Received 31) Jume 2022 Donatioms •Dd l¢tati 16.Tll 16,771 660 Grants. other a8eA)cies Subscriptions Event income 6.740 6.740 16.803 16,803 11.797 31.￿5 11.797 Other income 39.093 39.093 38,605 Restricted incotne 955 955 64.397 690 65.087 955 67,832 The voluntary inc(Kn¢ of £69YJ 1$ rtstridtjj to be spent cffl e%￿dit￿r¢S to ¢tsblish a ethnmunity centre for Japanese speakin8 people in the UK. (2022: £955) Grn•ts rtteivlble UnrUtr￿ted Rtslrieted Totsl FN•d¥ FrAkds Re¢eivcd 30 June 2023 Unr¢stri¢ted Restri¢ted Totsl Funds F4nds Fu• Reteived 30 June 21122 955 4 Tot*1 r¢soyrees exptttded Uurestrletrd Res¢ri¢¢ed T•tsl h*ds Unrestrieted Rtstritted Totsl FuDds F•Dds Fu•d$ Rtteived FiDds Funds R¢£tived 30 J¥D¢20LI 30 Ju#¢ 2022 Dirett eosts De￿1¥10￿ off￿1b1¢ fixgj as%ts Repairs and maintenance 895 895 779 779 6.610 6.610 1,707 SubscrRptions and donations Meding nx)m hire Event costs 1.707 lJ93 lJ93 44.t513 44,613 37.999 505 37.999 505 Trnvel and subsisten Sundry and othv ¢osts 2.358 58.363 58 449 449 58J63 48.872 48,872 Japan Assoeiation in the UK Notes to the Fillgnci*l Statements for tbe Period Ended 30 June 2023 Trwsttu, remwnerntioti and expeDses Net IDeome Net itKome is ststed after chayging". 30 Juttt 21123 30 Ju*e 2022 Depreciation of tanwille fixed as T8x*tio The c(¥npany is a Tegist¢rtdcTrwity a￿1 14 thereftir4 exempt fr(xn tsxatiOTL T#Agibk rued asgets Fixture rittings Co$¢ As at 01 July 2022 Diswwl As a¢ 30 Jwie 2023 Depreci*tio As at 01 July 2022 D￿p0￿1 As at 30 June 2023 Net book valtA¢ As * 30 June 2023 As ai 30 J￿e 2022 Page 9 Japan Association in the UK Not¢s to tb¢ Financi81 St4t¢nbents for the Period Ended 30 June 2023 . continued Debtor5 Jmnt 2023 31) June 2022 Deposits & receivables 7.600 10 Crediton: hlll•g due viibin ou¢ l Jun¢ 2023 30 J•n¢ 2022 783 11. Mefftbers. liability The charity is a priv*¢comp8ny limita by 0￿d eoknxwtly does not have shore capitai. Eath of the members is liabk to contriiKts ￿ amouttt not exceeding £1 towards th¢ assets of the cbarity in the eveni of liquidetio 12 Rtlated partles CoDlrollillg eDtIty Th¢ dwrity is controlled by the truste￿ are all diredors of the ￿npany. 13 Am*lysi% of Brought forward l*eomiThg R￿Ur￿l At 30 J*￿¢ 2023 resour¢¢s expended Genernl Funds Ur￿e$r[l£1ed tncome fi￿d Restriet¢d in¢ome fund 95.171 J97 (58.363) 101205 188.483 195207 Page 10 Japan Association in the UK Notes to the Financial Statements for the Period Ended 30 June 2023 .. conrinued 14 N¢t •ss¢ts by T•tsl FMNd5 lo Totsl FuDd5 Fwtsds 2•13 FD•d$ 3DJuDe 2022 Tangible a&sets 107988 201.9 ioi.r20 93.312 195.132 Cr%Jitors'. Amcwjnts fallin8 due within one (6.783) 05 (6.783) 195 07 (6.649) (6.649) 188483 The rutricted fvnd is re]#ted to the fuTrl to estsblish a cLMnmuW ￿tre for Japattse speakift8 people in the Statement of fin*nci*l activities per fvnd Tot•1 Fu*ds Reeeived ruDd ineome 21)23 2023 In¢omi•g resour¢es Voluntsry income 64J97 65.087 6￿1 97 Reso•rces expended Costs of geneTatin8 funds Costs of generating Vol￿ irKom¢ Total resources expended 58.363 58.363 690 R¢contili8tioD of Tot81 brought forward 93 12 188483 Total furkts carried forw8Td ioi 05 195 07 Thi5 page does rtot fom) ofthe statuw financial ststements. Page 12