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|||||Pages|
|---|---|---|---|---|
|Trustees'
report (including||the strategic|report)|1-7|
|Independent|auditor's
report|||8-11|
|Consolidated|statement of|financial activities|||
|(incorporating|income and|expenditure|account)||
|Consolidated|balance sheet|||13|
|Company balance sheet||||14|
|Consolidated|statement of|cash flows||15|
|Notes to the|financial statements|||16-31|
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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|
##
##
|||||||31 tillarch||31March|
|---|---|---|---|---|---|---|---|---|
|||||||2022||2021|
|||||Note|||||
|FIXEDASSETS|||||||||
|Investments||||24|||||
|CURRENT ASSETS|||||||||
|Debtors||||14|17,990||13,350||
|Cash at bank|and|in|hand|15|791,807||545,750||
||||||809,797||560,100||
|CURRENT LIABILITIES|||||||||
|Creditors - amounts
one year|||falling due within|16|~41,982||54 175||
|NET CURRENT ASSETS||||||767,816||505,925|
|TOTAL ASSETS||LESSCURRENT||||767,816||505,926|
|LIABILITIES|||||||||
|TOTAL NET|ASSETS|||||767 816||555 825|
|THE FUNDS|OF|THE CHARITABLE|||||||
|COMPANY|||||||||
|Unrestricted|income||fund|||767,816||505,926|
|TOTAL CHARITABLE COMPANY|||||||||
|FUNDS||||||767816||505,925|
##
##
|||||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|
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|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|
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|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|
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||||||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|
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|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|
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|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|||||
|ue a|fter mor|e than|one year:||||||
|---|---|---|---|---|---|---|---|---|
||||||Group||Parent Company||
||||||2022|2021|2022|2021|
||||||E|E|6|E|
|Rent|deposit|(Note|22)|1550000||1,550,000|||
|||||1,550|OD|t|1,550,000|||
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|||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|
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|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|
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