ComFony registration numtrtt: 07527235 Jap4n Aswiatton In the UK {A comrony limited by guarantee) Annual ReiMIrt and Financi81 Stathents for the Pericd from 01 July 2023 to 30 June 2024 Japanes¢ Financial Solutio$ Limit& Unit 1, 5 Baldwin Street Lond ECIV9NU
Japan Association In the UK Contents fteferen and Administratfve Detslls....................................-............................ ...................................... Trustees, Report.................................................................................................................................. 2to3 Independent Examiner's Report................................................................................................................ Statement of Financial Activities................................................................................................................ Balance Sheet............................................................................................................................................. Notes to the Flnanclal Statements.................................................................................................... 7 to 11 The followin8 page d(w It form part of the statutory fiDan¢ial $tst¢men. Ststement of Flnanclal Actlvities Per Fund..........................................................................................,... 12
Japan Assoeiation in the UK Refercnce and AdmiDigtrtive Details Chrity Mme Japan Association tn th¢ UK regi¥trathJn number 07527235 Reptertd offic¢ 209a Princess Park Manor Rwl Drive, lAdOnNI13Fs Truste¢s Noriko OgawA Y05hio Mjtsuyat1 Sachiko Fujits Cho Naomi Suzuki ChikO Winter Minako Hall Atsuko Sato Whitehouse Noriyuki Ito ffernJinateA on 15 September 2023) Hit(Mni Hayokawa (TenniD2t&J on l March 2024) Tdsuro Hama (AFvointed on 15 septanb2O23) Mibje U¢hida FI (Appointed on 25 October 2024) Se¢retgry Chi7Mko Winter
Jap•n AsSltiOn in the UK Trusteu, Report The ThLs¢ee prcsent their report the year end 30 June 2024 to be read in conjunction with the attathd Financial Ststements. The financial statUDets c4)mply with the Chariti&% ALX 2011. the Companies Act 20CI5. the Memor2ndum and Articles of Association. and Accounting and Reporting by Charities.. stateMt of Re£omm¢nded Practice 4)plicable to charities pying their accounts in accordanct with th¢ Financial Reportin8 Standard appli¢able ID the UK 8nd Republic of Ireland (FRS 102) (effective l January 2015). Strn¢¢wre & Govern•n The cfrfnpsny was iwratal as a Pri•rnte Company Limited by Guarantee on I l Feb 2011. Th¢ ciJj&ts of the Company are."- (l) To promote the benefit of the publi4 i>irticularty Japaoe9e speaking pwple by.. (a) the advancement of education attd trnini (b) the relief of poverty. sickn and distr¢s8, {c) the proznotion of g(KxI healtF4' and (d) the provision of recre[01 f4cilities in the tntertsts of social welfare with the obje(i of improving their conditions of lif4 and (2) To advance edUtIon ofthe public on ail &spth of Jawkse history and culture M•th ¢¢ivity and Publ1¢ benefit The main 4(#ivity is fi1ndi organising8nd promc4ing Laritable evellts in li wtth the obj& ofth¢ Comwry. Rtview of the Yr We had A very Sucful ye8r to inspire our voluntetrs It organise hith profile ¢haritable events. Flnanelxl RevSev In¢on)e amounted to £67,727 (LLst year: £65.087). EXpditUre amounied to £73.491 (IAgt year: £58.363). Tr loss of £5.764 ded•1 from the R¢5er¥es (IA5t year: suryjlus £6.724). We atr promoting to tstablish a community centre for Japanese saking people in the UK and received £150. donation fijr the restrict fund (Last ye8r.' £690). It is the Trusttts. pJli¢y to secure fid$ for eath yeaT'S activities at an earty st88e and as much 8$ possible. In additson, thcy aim to maintain $uffici¢m rtswve5 to COV¢Tunfore5een flu¢tiJatics in income and expenditure. R6gk management The trtee$ have examined the stsategic and operntional risks which the chllrity face5 and confim that systems have b¢¢n tstablished to en8ble regular reports to be proded so that nectssary steps can be taken ty le3 t¢ Plaths for the fvtwr¢ We intend to gxpand our a¢tivities in line with our ch8ritable objectives. TTUStees' rnponslbllld¢8 ID rel•tioll to th¢ fiD•n¢i41 stt¢mtDts The Charity ttwtees (who Jre also the directors of tbe kns Theatre Tn for the purposes of company law) 8re reswjnsible for preparing a trust¢e5' annual report and finan¢i81 st8tements ift accord8n¢¢ with applic8bl¢ law and United Kingd(xn Ac¢ounting Standards (United Kingdom GenoTally Ae¢¢pted AceouJrtin8 Practi). Company law Tcquires the charity trle¢S to prq)are financial statements foreach yearwhich give a true and fair view ofthe state Oraffai of the clwitsble mPftny 4nd the group and ofthe incorning r¢S(W STKI applition of r¢50urcffj including the And expu)dTtwfy of the cFwitable group for thttt p¢ri(Kl. in Preparing th¢ flnanci statem¢nts, the trneS are requId to.. • lelect suitable ac¢owttiD8 pli¢i¢s and then appty thun consi$ie41tIy PaBe 2
¢A>serve the tneth(Js and prÉnciples in Charities SOIiP' make judgements aTKI estimates that ate reason8bl¢ and prndenL • state whthr applicable UK accountin8 St8ndard5 have been follow, gjbjea to any material d¢FrtuY¢s disclosed and explained in the financial statemts. • prepare the financial ststcments on the 80in8 ¢1(n basis unless il 15 inapixopri4te to presum¢ th the charity will continue in business. The tru#ees gre responsible for keeping proper xcounting reoyds thot disclos¢ with reasonable ac¢ura¢y It any time t] financia] positson of the charity and to etwble them to ensure tbat the financial stat¢m¢nts comply with th¢ Companies A¢t 2006. Thty are a150 rp08]ble for safe8uardin8 the assets of the charity and th¢ gro taking ressonable s for the prevention and detedion of fra and other irregul8ri1i¢s. The trlet$ are responsible forthe maintsnaDce and integrity ofthe ¢orpor8¢e and financial information includ on the ¢haritable compgny's websit& Legislation the United Kingdom gOVuTrll the preparation and dissemin8lion of fmancial sratemeJts may differ from legislation in other jurisdid10. ApproveA th¢ Board on 26 Novembex 2024 and 51gned on its behalf by.. ter Page 3
14depeDdent KxAmln•rfi Rwrt to ofJ4pu AMoelAdon kn th¢ UK I w on of th? >wrai¢knJ 30 j202 tiith•• ** itton p•8w 5 tp 11. Thc $(w the forthe kw) Irn fw thtr Of trrt Ad 2011 (lr 2011 Acl) •od Wnltil Li CAwF thex£ow08 145 of Ihe 2011 Irn 14513) (b) of the3011 A¢ ofindcwde•t r•[ An exgmhmtlon mi#w ofthEwwrttD8 keirt by d¥chvity •Jbd • £4npriYC of v¢ii Ai to h¢thw ihc a(¥xxllrtS farvithrf •the rEPQrt ia limitsdto thoyE malt¢n Xl in th¢ btlow. Vwt 1. 5 Blldwkn So ECIV9NU D., X Th 203
Japan Association ID the UK Statement of Financial Activities (including Income and Expenditure Ac¢ount) for the Period Endcd 30 June 2024 Totsl funds rtoJO Jllne 2024 Umrntrktsd Tothl hwds ye•r to 30 Note Ixomlng r¢sourtt8 from genemed fjjnds Volunlary income Totsl incomin8 67577 150 67,T27 64397 690 65,087 6777 150 67.T27 64J97 65.087 Resources exptndod Costs of trating vohmtsry income Total resources exrtThJed 73 200 58.363 91 21X) 58563 ReconcS1ilti or fund5 Totsl fiu)ds rIed forward 101205 94.002 195207 95,171 93,312 188.483 95,491 93.952 189.443 101205 195207 The no*s on page5 6 to 10 fonn an Inte1 pBrt of the f1¢1] statements. Page 5
Japan Assoeiation in the UK (Registration number. 07527235) Balanc¢ Sheet as at 30 June 2024 30 June 2024 30 Jun¢ 2023 Note Flxed assets Tan1)1¢ asts 718 Currettt •8sets 7,256 C&sh at and in hand 188.566 194.9%) 195,822 201. Creditors". AmoNnts f•llkng due withiti one ytar io N¢t current ets 195 07 #¢ts 195 The fuDds of ihe cbarity: Funds unrestrict income funds 95.491 101205 Tothl charfty f••ds 195 For the finthctal year iti question the [nPartY was entitled to exemNion undu $tion 477 ofthe Companies Act 21))6 Telating to Stnall ¢omp4nies. No memb¢rs have required the comrAny lo obtain 8D 4j11 of its accounts for the year in qu&5tion in xcordane¢ with s¢rtion 476 of the Companies Act 2006. The dire¢tots acknowledge their r¢sportsibility for L¥>mptyin8 With the T¢quirements of the Art with to i¢Unt8 records and for the preparation of account& Thes¢ accounts have t*¢n prepared in Xe0rd with the provisions aFplic4ble to comFwniessubjeL# to the small Approved by the Board on 26 November 2024 $i8ned on its wfby: Chi inter The notcs on pages 6 to 10 forn) an Inte1 rrt of these financial stat¢men 8¢6
Japan Assoeiation in the UK Notes to the FiDaneial Statements for the Period Ended 30 June 2024 Aecomnting w)liriES Bsii ofpreprtloH The financial statements have been prep in acco with A¢c¢yJntin8 and Ryrtin8 by Charities: Ststetnent of Re&)mmended Practice applicable io charities prq)arin8 their accounts in accordance with the Financial Rwjrting Standard applicabl¢ in the UK and Republic of Ircland (FRS 102) (etrective I January 2015)- (Charitie5 SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Reoublic of Irc1w (FRS 102) and the Companies Act 2006. Arts The&tre Th1 meets th¢ definition of a public brnefit entity under FRS I. Assets and liabilities are initialty reco15 at histwical cost ortransaclion Yalue unles5 ls¢ &ated in the r¢kvant policy not¢(s). Fllmd ace0tIllE yjlley Unrestricted InMe fijnds are general funds that are available for use * the tnute¢s' disLYetion in furtherance of the obje¢tive5 of thc ¢harity. Furtherdetails of each fimd are disc105oJ in note 13. Donations are rec(JgnisoJ where there is entit]•nen4 certainty of (eIpt and th¢ amount can be measured with sufficient reliabiltty. Reso¥rees exp¢adod Li8biliti¢s are e08niSed &$ SO &s thtre is a l¢gal or cons1nve obli8atiCffl ttADmitti08 the charity to the exFendilure. All exp&Klibr is accounttyj for on an accru$ basis and has been classified under headings that agwte 411 co#s related lo the cat¢gory. Costs of generntirtg fimds are the costs asso¢i4ted with attrarti voluntsry income. Fixed asstts Individual fixed a5sds Costing £250 or mor¢ are inits8lly at ¢osL Depr¢¢iation Depreciation is provided on tangible fixed 8$8¢ts so 8$ to write offthe cost or Valuatio les84ny estinll residual valu4 overtheir eXted uSefi cconomi¢ life &$ follows: Plant and machinery Fixtures and fittings 25Q/o straight line basis 25Yo Strnighi line b&sis S¢o¢k Stock 1$ valued at the low¢r of ¢ostathl ne¢ rnltsabl¢ val¥ after due regard for )lete and slow moving StLks. Net redisable value is based on selling price less anti¢ipated sts to completion 4TKI selling cost& Items donated for r¢sale or distribution art not included in the financial 5rateM¢S until they are sold or diStrited. Rentals payable under QF¢rntin8 le$are ¢haryed in the ststanetrt of financial adivilies c A stratght line b&sis over the le&8e terni. Page 7
Japan Asle1lIon in the UK Notes to the Finaneial Statements for the Period Lnded 30 JuDe 2024 conti Volun¢#ry IDeomt Restrkled T•t•l Fuods Uirestricted R¢strlcted Totsl Ftynds Reoeive4J Fumds Funds Rettfved 30je 2024 30 June 2023 Funds D(ationS 496 496 1,100 Grnnts- oth¢¥ a8encigs Subscriptions Event income 660 (375 16,663 43J83 6.375 6,740 16.803 6.740 16.663 16,803 39.093 Other income 43J83 39,093 R¢stricted income 150 150 69) 690 67577 67,727 64.391 65.087 Th¢ volunlary in¢om¢ of £150 18 restrirted to b¢ speni on exwiditires th esthblish a community centre for Jgpwese speaking kxx)ple in the UK. (2023: £690) Gnmts n¢¢ivib]e UDrtstricted R¢s¢ri¢ted Tol41 Funds UknrrJtrlct¢d Restrlcted Tot•1 Funds FuBds Fun Received FuDd$ Fund$ Received 30 June 2024 30 Jun¢ 2023 660 Page 8
Japan Association ID the UK Notes to tbe FinY&ncig1 Statements for the Period Ended 30 June 2024 4 Totsl r¢sour¢es expended Unr¢stricied Restrfeted Totsl Funds Funds Funds Received 30 Jll¢ 2024 UtrICted Restricted Totsl Fund$ Funds Futtds Recefved 30 June 2023 Dirttt eosts De#11clI of18n8ible fixed ests 130 130 Repairs maintenance Printin8> POStin8 and stationery Subscriptions and donations IT and website operation Donations 429 429 895 895 7,7(15 7.706 6.610 1,7 6,610 1.707 1,945 ,945 6,800 1458 46.543 3,$22 3.958 6.8 Meetin8 room hire Event costs 2258 46543 2(M) 1.900 .613 44.613 280 Travel gnd subsistoKe 3522 280 3.958 2J58 2J58 58J63 73.291 200 73.491 58J63 Trnstees remllneratlon tipenses No trustees received any t¢munw&tion during the pffi¢)d. Net in¢ome Net ineome is stht¢d aft¢r ¢hargin& 30 Jun¢ 21b24 30 Julle 2023 Depreciation of langibl¢ red a$5¢ts 130 TutiOD The ¢ompany is a registrml charity and i& therefor4 exempt from ttIOn. Pa8e 9
Japan Ajsoeiation in the UK Note8 to tbe FiDaneial Statements for the Period Ended 30 JuDe 2024 Tangible Ilxed g8¢ts Flx¢ure ffttillgs Dd ¢quipJnent Cl As at 01 July 2023 Acquisition As at 30 June 2024 Depreeldo As at 01 July 2023 DeFfeciation for the year 130 As at 30 June 2024 130 Net bwk vlue As At 30 June 2024 718 As * 30 June 2if23 Ikbtor4 30 June 30 Jull¢ 2023 Dwits & (Xher rec¢ivables 10 Credl¢on: Amounts faillDg wl¢hin ome year 30 June 2024 30 June 2023 6.783 Page 10
Japan knoeiation in the UK Notes to the FiDanci*l Statements for the Period Ended 30 June 2024 I l. Members, Il#bllhy The charity is a private com1]Y limited by guarant¢e and consequently does not have shwe c4pital. Each of the mcmb¢rs i5 liable to contribute an atnouni not exceeding £1 towards assets of the charity in the event of liquidati. 12 Related parti CoutroUi&E entlty Tr ¢harity t$ Controlled by the trustees who are directors of th¢ o)mpgny. 13 Afftalysis of fvttds IDtomlng Reyour¢e8 At 30 j¢ 2024 eXpeed fomrd GeD¢rnl Funds Unr&stricted in¢otne fiuyd Restricted income fut Tofal 101205 94.002 195 ?07 67577 150 (73291) 2 95,491 93,952 14 assets by ftywd U•r¢4trktsd Restr Tothl F#Ddi F•#ds 30 J•Ne 2024 Total PuDds to 30J4•e 2023 d¥ Tangible assets Cuttent assets 718 718 101,870 93952 195.822 107.988 94,(K12 201.990 CrcditLY5: Amounts falling due within one (7,097) 17.097) 189443 (6.783) 101 05 (6.783) 195 07 Net ass¢ts The r&striaed fund 15 related to the fjjnd to establish a community Centre forJapane5e spegking wple in the UK. The ccrfnmunity nts& ¢alled"JA Club.- now stsrted nmin8. Pagell
Statement of finan¢ial aetivltieg per thnd Restricted itt¢ome fund 2024 Uirestrieted ine•m¢ fund 2024 Tol¥l Funds Received 2024 In¢oming resources from gerated Voluntary income 150 67577 67.727 150 Rrfourfts exwded Costs of generaling funds Co5 of generating voluntsry income 200 200 50 73291 73 91 73,491 RecoTrellltlon of fulld5 Tothl fimds brwt fon¥ard 05 195 07 Totsl fund5 Lwried foThv8rd This page does not fom part of the stalutory financial statements. gE12