2022-03-31-accounts - Japan House London Trust

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		Unrestricted			Total		As Restated
		Funds			Funds		(Note 26j
							Total
							Funds
							(Ail
							unrestricted)
		2022			2022		2021
	Note	E			F
INCOME FROM:
Other trading activities Bank and other interest receivable	3.1 3.2	12,327,901			12,327,901		10,383,940 557
TOTAL INCOME		12,327,901			12,327,901		10,384,497
EXPENDITURE ON:
Cost of other trading activities Charitable activities	6 4	10,727,460 35,715			10,727,460 35,715		9,806,459 26,200
TOTAL EXPENDITURE	0	10763,170			10763175,	,	9,832,659
Net Income before Taxation		1,564,726			1,564,726		551,838
TAX (CHARGE)/CREDIT	9	~1302,095		~1,362,090			345,343
NET INCOME BEFORE OTHER
RECOGNISED GAINS AND LOSSES		211,831			211,831		897,181
NET MOVEMENT IN FUNDS		211,831			211 831		897,181
RECONCILIATION OF FUNDS:
Total funds brought forward TOTAL FUNDS CARRIED FORWARD		2770304 2990,185	,	,	2 770304 2990185		1,881,173 2,778,354

			CONSOLIDATED BALANCE	CONSOLIDATED BALANCE	CONSOLIDATED BALANCE	SHEET	SHEET
				AT 31 MARCH	2022
				Registered number:	11491073
				Charity number:1179626
						31	March		As restated
							2022		(Note 26)
									37 March
			Note						2021f
FIXEDASSETS
Intangible assets Tangible assets			10,11 12	257,983 227,889		485,872		32S,215 2320,610	2 S47,025
CURRENT ASSETS
Stock			13	173,269				263,519
Debtors			14	2,597,727				5,050,686
Cash at bank and in	hand		15	5,896,836				4,S65,777
				8,667,832				9,999,962
CREDITORS: amounts		falling due
within one year NET CURRENT ASSETS			10	~9,703,518		4964,313		+7736 6. 6t4	2 633306
TOTAL ASSETS LESS
CURRENT LIABILITIES						5,450,185			5,280,393
CREDITORS: amounts		falling due
after more than one	year		17			f1,550,000)			(1,S25,924)
PROVISIONS FOR Other provisions	LIABILITIES		20		~910,00tt				676 115
NET ASSETS						2,990,185			2,776,354
CHARITY FUNDS
Unrestricted funds						2,990,185			2,776,354
SHAREHOLDERS'	AND
CHARITY'8 FUNDS						2,990100			2,776,354

				2022	As restated
					2021
			Note		E
CASH FLOW FROM OPERATING		ACTIVITIES:
Profit for the year				211,831	897,181
ADJUSTMENT FOR:
Depreciation oftangible assets Amortisation ofintangible assets			12 10,11	2,316,937 102,517	2285,002 100,374
Interest receivable			3.2		(557)
Decrease/(increase) in stock Decrease in debtors			13 14	110,250 1,221,337	(283,519) 1,853,109
(Decrease) in creditors Increase in provisions Tax charge/(credit)			16 20	(3,784,368) 33,885 1,352,895	(1,342,902) 33,885 (345,343)
NET CASH GENERATED	FROM OPERATING
ACTIVTIES				1 565,284	3,207,230
CASH FLOW FROM INVESTING ACTIVITIES:
Additions of intangible assets			10	(34,285)
Purchases offixed assets			12	(224,016)	(45,828)
Interest receivable			3.2		557
Non cash adjustments
NET CASH (USED IN) INVESTING ACTIVITIES				258,301	45,271
CASH FLOW FROM FINANCING		ACTIVITIES:
(Decrease) in other loans			17	75,924	395,080
NET CASH (USED IN) FINANCING		ACTIVITIES		75,924	395,080
CHANGE IN CASH AND	CASH EQUIVALANTS
IN THE YEAR				1,231,059	2 766,879
Cash and cash equivalents	brought	forward		4665 777	1,898,898
CASH AND CASH EQUIVALENT		CARRIED
FORWARD				5,896,836	4,665,777

n analysis ofturnover	by class ofbusin	ess isas follows:
			2022	2021
			E
Rental income on concession agreements			124,001	124,001
Release ofdeferred income —rent received		in advance	1,858,826	1,849, 827
Release offixed asset grant income (refer		below)	2,076,486	2,076,486
Japan House membership Income from arrangement	income with MOFA		171,229 6,926,044	182,938 5,913,662
Other Income			266,140	88,494
Income from sales in the	Shop		905,175	148,532
			12,327,901	10,383,940

Investment Income
			Unrestricted	Total	Funds	Total Funds
			Funds		2022	2021
Bank and other interest	receivable					557
CHARITABLE ACTIVITIES
Parent Company
			Unrestricted	Total Funds		Total Funds
			Funds 2022		2022	2021
			6		6	E
Support costs —governance		(Note 5)	35,715	35,715		26,200
SUPPORT COSTS
Parent Company
				Total Funds		Total Funds
					2022	2021
					6
Bank charges Legal and professional Audit fee	related costs				101 22,433 13,181	63 11,995 14,142
Total (Note 4)					35,715	26,200

					2022	2021
					K
Fees payable to the Charitable Company's auditor and its subsidiaries in respect ofAudit-related assurance services					30,000 30,000	27,500 27,500

The average	monthly	number	of emplo	yees, includ	ing	the directors, during	the year was as follo	ws:
							2022	2021
Employees	including	directors who have employment				contracts	71	55
Staff costs,	including	key management		personnel,	were as follows:
							2022	202'I
							F	5
Wages and salaries Social security costs Cost ofdefined contribution			scheme	(Note 21)			2,052,168 207,564 61 433 2321,165	1,601,165 195,725 28,461 1,825,351

TAXATION
				Group	As restated
				Year ended	(Note 26)
				31.03.2022	Group
					Yearended
					31.03.2021f
Corporation tax Current tax charge on profits for the Adjustments in respect of previous		year periods		121,273	~340441
Total current tax				121,273
Deferred tax asset
Adjustments in respect of previous periods Originated and reversal of timing differences Total deferred tax asset			(Note 19) (Note 19)	1,231,622 1 231,922	~204,902 ~204, 902
Tax charge/(credit) on profit on	ordinary		activities	1,352,895	~345,343
Factors affecting tax charge/(credit)		forthe year

9%(2021: 1	9%)a	s set o	u	t below.
									As restated
								Group	(Note 26)
								Year ended	Group
								31.03.2022	Year ended
									31.03.2021
									8
Profit on ordinary		activities		before tax				1,564,726	551,838
Profit on ordinary in the UK of 19%		activities		multiplied	by standard	rate ofcorporation	tax	297,298	104,849
Effects of:
Fixed asset	differences							152,887	165,279
Expenses not deductible Non-taxable income			for tax purposes					21,501 (394,532)	18,063 (399,520)
Other adjustments								44,119	59,979
Adjustment Adjustment	to tax totax	charge charge		in respect of previous in respect of previous		periods -deferred tax period —current tax		1,231,622	(154,552) (140,441)
Total tax charge/(credit)				forthe year				1,352,895	~343,343

roup
	Short-term	leasehold	Fixture and	Total
	improvements		fittings
Cost or valuation
At 1 April 2021 Additions		8,739,970	45,828 224,016	8,785,798 224,016
At 31 March 2022		8739970	269,844	9,009,814
Depreciation At 1 April 2021 Charge for the year At 31 March 2022		6,459,978 2 279992 8739970	5,010 36945 41 955	6,464,988 2,316,937 8,781,925
Net book value
At 31 March 2022			227,889	227 889
A131 March 2021		2279,992	40,818	2320810

13.	STOCK
		Group		Parent Company
		2022	2021	2022	2021
		E
	Finished goods and goods for resale	173,269	283,519
		173,269	283,519
14.	DEBTORS

		Group		Parent Company
	2022f		2021	2022	2021f
Other loans			75,924
Other creditors	1,550,000		1,550,000
Deferred Income
	1,550,000		1,625,924
Other creditors ofF1,550,000 relate to amounts		repayable	to MOFA.
FINANCIAL INSTRUMENTS
		Group		Parent Company
Financial assets	2022f		2021f	2022 F	2021 f
Financial assets measured
at fair value through and expenditure	income 5,898,836		4,665,777	791,807	546,750
Financial assets measured
at amortised cost	1,974,702		1,762,992		100
	7871	538	0.420,700	791 007	546,850
Financial liabilities
Financial liabilities	measured
at amortised cost	4,958	500	4964,664	20455	36,641

EFERRED TAXATION
							Group	Group
							2022	2021f
At start ofthe year (Charged)/credited to the Consolidated Activities (Note 9) At end ofyear (Note 14)			Statement		of Financial		1,231,822 ~1,231,622	1,026,720 204,902 1,23'/, 622
The deferred tax asset is made up	as	follows:					2022f	2021f
Fixed Assets
Timing differences — excess depreciation Other timing differences	of	capital		allowances		over		1,213,253 18,369 1,231,622