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2021-12-31-accounts

The Japanese School Limited (A Company Limited by Guarantee) Trustees’ report and financial

statements

Registered charity number 271665 Registered company number 1263742 31 December 2021

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Registered company number 1263742

The Japanese School Limited (A Company Limited by Guarantee) Trustees’ Report 31 December 2021

Contents

Contents
page
Trustees’ report 3
Statement of trustees’ responsibilities 7
Independent Auditors’ Report to the members of The Japanese School Limited 8
Statement of Financial Activities 11
Balance Sheet 12
Cash Flow Statement 13
Reconciliation of net cash flow to movements in net funds 14
Statement of Change of Equity 15
Notes 16 to 22

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Registered company number 1263742

The Japanese School Limited (A Company Limited by Guarantee) Trustees’ Report 31 December 2021

Trustees’ report

The trustees, who act as trustees for the purposes of company law, present their annual report and the audited financial statements for the year ended 31 December 2021.

Reference and Administration information

The Japanese School Ltd was incorporated (1263742) on 18 June 1976 and registered with the Charity Commission under Charity number 271665. The Governors are listed on page 5. Particulars of the executive officers, registered address and the Charity’s professional advisers are given on page 5 to 6.

Structure, Governance and Management

Governing Document

The company is governed by its Memorandum and Articles of Associations.

Recruitment and Training of Governors

Governors are elected at the Annual General Meeting of the Company on the recommendation of the Governing Body, who will have received proposals from the Governance and Nominations Committee.

Organisational Management

The Governors are legally responsible for the overall management and control of The Japanese School Limited (“the School”) and meet at least once a year.

Risk Management

A formal review of the charity’s risk management processes is undertaken on an annual basis with the aim of identifying more clearly the major risks of the school.

Objects, Aims and Activities

Principal activities and objectives

The principal activity of the company, which is registered as a charitable organisation under the Charities Act 1960, is to provide facilities for the education of the children of the Japanese community in the United Kingdom. This activity will continue in the foreseeable future and is governed by the memorandum and articles of the company. There has been no change to the charitable company’s activities during the year.

Aims and Intended Impact

Within the objects, it is the policy of the School to discover to the full the academic and co-curricular potential of each pupil.

Public Benefits

The School seeks to provide benefit to the public in accordance with its widely drawn objects clauses. In terms of ancillary and educational activities and other associated activities for the benefit of the community, the School has always been proactive and sought to make a significant contribution for the benefit of the public.

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Registered company number 1263742

The Japanese School Limited (A Company Limited by Guarantee) Trustees’ Report 31 December 2021

Trustees’ report (continued)

Reserves policy

The current level of the School’s reserves is shown on page 12.

The School maintains a level of reserves sufficient to enable current and future restoration, repairs, and purchases of premises and assets and to cover the operational needs of the School. The ongoing level of reserves will therefore depend on these factors.

The School’s funds are considered to be unrestricted.

Investment powers

The chairman of the Committee is empowered to invest the funds of the School as the Committee sees fit.

Results

A summary of the results, including donations received, is shown on page 11.

No changes have been made to the charitable company’s accounting policies during the year.

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Registered company number 1263742

The Japanese School Limited (A Company Limited by Guarantee) Trustees’ Report 31 December 2021

Trustees’ report (continued)

Trustees

The trustees who held office during the year were as follows:

Resigned Appointed
Mr. Hirotaka Sunada
 09 December 2021
Mr. Naotoshi Nishida
 09 December 2021
Mr. Takashi Yamana
 09 December 2021
Mr. Takeo Aoki 09 December 2021
Mr. Katsunori Yokomaku 26 May 2021
Mr. Kiyotada Nakamura
 01 April 2021
Mr. Keiichiro Nakamura
 16 July 2020
Mr. Fusato Serizawa
 01 April 2020
Mr. Hideki Mishima
 01 April 2020
Mr. Yoshinori Katayama
 01 April 2020
Mr. Hiroyuki Uehara
 19 April 2019
Mr. Hideki Ishiyama 01 April 2019
Mr. Satoru Takahama
 09 December 2021 10 December 2020
Mr. Nobuhiro Yabe
 09 December 2021 01 April 2020
Mr. Shigeru Maeda
 09 December 2021 10 December 2020
Mr. Hirohiko Miyata
 09 December 2021 01 April 2020
Mr. Hidenobu Shirota
 09 December 2021 25 May 2021
Mr. Takanori Sazaki
 26 May 2021 29 May 2019
Mr. Shiko Yanagisawa
 25 May 2021 06 December 2018
Mr. Masato Sawabe
 01 April 2021 05 April 2018

Trustees are appointed by the board of management at their meetings.

Bankers

HSBC Bank plc Ealing Broadway Branch 46 The Broadway Ealing London W5 5JR

Solicitors

Clifford Chance 10 Upper Bank Street Canary Wharf London E14 5JJ

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Registered company number 1263742

The Japanese School Limited (A Company Limited by Guarantee) Trustees’ Report 31 December 2021

Trustees’ report (continued)

Auditors

Finance Associates Ltd 65 London Wall London EC2M 5TU

Registered office

87 Creffield Road Acton London W3 9PU

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Registered company number 1263742

The Japanese S¢hool Limited {A Company Limited by Ciuarant¢¢) Independeni AuditUPi' Repvrt 31 December 2021 Ststement of trustees, responsibilities in respect of the fittaDci41 ststements The trustee5 are responsible foT prrparing the Attnual Report and the financial staiements ill a￿ordanCe with appli¢abl¢ law5 and reguiaiions. Company law requires ihe irustees to prepare financial siatement5 for¢a¢h tinancial vear. Under that law the trustees have prepared the financial Slalemenls in accordanLe with Unitcd Kingdom Generally Acccpred Accouniing Practice IlJnited Kingdom Accounting Sranitards, comprisitju FRS 102 'The Fini￿LIa[ Reporting Siandard applicable in ihc UK and Reputilic of Ireland" and applicable law). Under company law Ihe irusiees must not sed ar the annual g¢neral meeting. By order of the board Akihiko Takada TruA'iee 121h July 2022

The Japanese School Limited (A Company Limited by Guarantee) Independent Auditors’ Report 31 December 2021

Independent auditors’ report to the members of The Japanese School Limited

Report on the audit of the financial statements

Opinion

In our opinion, The Japanese School Limited’s financial statements:

We have audited the financial statements, included within the Trustees’ report and financial statements (the “Annual Report”), which comprise: the Balance Sheet as at 31 December 2021; the Statement of Comprehensive Income and the Statement of Changes in Equity for the year then ended; and the notes to the financial statements, which include a description of the significant accounting policies.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (“ISAs (UK)”) and applicable law. Our responsibilities under ISAs (UK) are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Independence

We remained independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, which includes the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

Conclusions relating to going concern

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

However, because not all future events or conditions can be predicted, this conclusion is not a guarantee as to the company's ability to continue as a going concern.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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Registered company number 1263742

The Japanese School Limited (A Company Limited by Guarantee) Independent Auditors’ Report 31 December 2021

Independent auditors’ report to the members of The Japanese School Limited (continued)

Reporting on other information

The other information comprises all of the information in the Annual Report other than the financial statements and our auditors’ report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, accordingly, we do not express an audit opinion or, except to the extent otherwise explicitly stated in this report, any form of assurance thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If we identify an apparent material inconsistency or material misstatement, we are required to perform procedures to conclude whether there is a material misstatement of the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report based on these responsibilities.

With respect to the Trustees' Report, we also considered whether the disclosures required by the UK Companies Act 2006 have been included.

Based on our work undertaken in the course of the audit, the Companies Act 2006 requires us also to report certain opinions and matters as described below.

Trustees’ Report

In our opinion, based on the work undertaken in the course of the audit, the information given in the Trustees' Report for the year ended 31 December 2021 is consistent with the financial statements and has been prepared in accordance with applicable legal requirements.

In light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we did not identify any material misstatements in the Trustees' Report.

Responsibilities for the financial statements and the audit

Responsibilities of the trustees for the financial statements

As explained more fully in the Statement of the trustees’ responsibilities in respect of the financial statements, the trustees are responsible for the preparation of the financial statements in accordance with the applicable framework and for being satisfied that they give a true and fair view. The trustees are also responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors’ responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to the UK Companies Act and employment regulation, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to manipulation of results through manual journals or management bias in judgemental areas. Audit procedures performed by the engagement team included:

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Registered company number 1263742

The Japanese School Limited {A Company Limited by Guarantee) Independeni Auditors. Report 31 December 2021 Independent auditors, report to the members of The Japanese School Limited {eontinlled) •D￿cUSsIOnS with management which have included consideration of known or suspecied instances of non-compliance with laws and regulation and fraud •ldentifying and iesting of manual.journal entries based on risk criieria such as unusual account combinations •Review of key judgements and provisions •Incorporating element5 of unpredictability into our audii approach There are inherent litnilations in the audil procedures descTibed above. We are less likely to be¢ome aware of instances of non-complianc¢ with laws and regulation5 that aFe not closely related io events and transactions reflected in the financial statements. Also, Ihe risk of not detecting a material misstatement due io fraud is higherthan the risk of Not dctLXting one resulting from emr, a5 fraud may involve deliberate concealment by, for example, forgery gr inteniional misrepresentation& or through collusion. A further description of our ￿￿￿)nsIbIlitieS lor the audit of the financial statements is located on the FRC'S website at.. www.frc.org.uklauditorsresponsibiliiies. This description forn]5 part of our auditors, rq>ort. Use of thi5 report This report, including the opinions, has been prepared for and only for the company'5 Tnembers as a body in acc(Ydance with Chapter 3 of Part 16 of the Companies Act 20￿ and forng other purtjose. We do noi, in giving these opinions accept or &ssume responsibiliiy for any other purww or to any oiher person io whom this report is shown or into whose hands it may come save wher¢ ¢xpres51y agreed by our prior consent in writing. Other req￿Ired rewbrting Companies Act 20(￿ exception reporting Under the Companies Act 2006 we ale required to report to you if, in our opinion.. •we have not obtained all the information and explanations we require for our audit.. or •adequate a￿OUntIng records have not kept by the company. or reiurns adequate for our audit have not bcen received frojn branches not visited by us: or •certain disclosures of directors'ltrusiees, remunerydtion specified by law are not made: or •the financial sraiemenis aTe not in a8reeJnent with the accounting records and retums. We have no excepiions io report arising from this responsibility. Entltkment to exernptioNs Under the Companies Aci 2006 we are required to report to you if, in our opinion, the dir¢ct(Trrsltrusiees were not entitled to: take advaniage of the small companies exemption from preparing a 5trategi¢ repoff. We have no exceptions to report arising from this responsibility. Elsa Steiner (Senior Statutory Audltor) For and on behalf of Finance A55oci8trs Ltd Chartered A¢eouthtsnts and Ststhtory Auditors iAbndon 12 Jdy 2olZ 10 Ileiiiiered ff)l￿p{y)1 TTrLiinbeJ' I I

The Japanese School Limited (A Company Limited by Guarantee) Statement of Financial Activities 31 December 2021

Statement of Financial Activities
Note
INCOMING RESOURCES
Incoming resources from
Charitable activities
School fees
3
Bus fees
Japanese Government grants
4
Donations
Sundry income
Incoming resources from
generated funds
Rent receivable
Bank interest receivable
Total incoming resources
RESOURCES EXPENDED
Direct charitable expenditure:
Educational expenses
5
Hire of school buses
Management and administration
Establishment expenses
6
Other administrative expenses
7
Governance costs
Total resources expended
Net movement in funds
Fund balance brought forward
Fund balance carried forward
13		 2021
£
1,113,708
69,755
687,822
507,066
14,382		 £
2,006,848
58,910
270,224
3,107
1,341
64,650
182
2,405,262		 2020
£
£
1,547,438

89,270
314,341
81,924
1,731
56,006
2,992
2,093,701
1,047,340
75,187
597,124
485,352
13,356
2,218,359
(124,658)
5,596,833

5,472,175



2,392,733
12,529
5,472,175
5,484,704

The notes on pages 16 to 22 form part of these financial statements.

All funds are unrestricted income funds.

There are no other recognised gains or losses for the financial year.

All income and expenditure is derived from continuing activities.

There is no difference between the historical cost movement in funds and the reported movement in funds for the year.

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Registered company number 1263742

The Japanese School Limrted {A Cumpany Limitsd by Guardnteel Balallc¢ Sheel as at 31 December 2021 Balante She¢1 2021 2020 Naie Fix¢d asscts T#ngibl¢ 4ssets 3,388,597 3.774,118 Current axsets. Debtors Cash at bank and in hand 248,830 2,086,022 38226$ 1,505,4?0 10 2J34,852 1,887,685 Credilors: amounts. falltng due within one year (438.745) (189.628} Net current 355ets 1,896,107 1,698,057 Tot41 assets less eurren¢ liabili¢ies 5,484,704 5.472,175 Capital and Reserves Unrestricied fund5 13 5,484.704 5.472,175 These financial siatements M'ere approved by ihe tx)ard of tn]stees on 12th July ?022 and were sign&1 on its. behalf by.. Aklhikn Taksd Tr￿lee The notes on pagcs 16 to 22 fonn part of these financial statenients. 12

The Japanese School Limited (A Company Limited by Guarantee) Cash Flow Statement 31 December 2021

Cash Flow Statement
Net cash (inflow) / outflow from operating activities
Return on investments and servicing of finance
Interest received
Investing activities
Payments to acquire tangible fixed assets
Net cash (inflow) / outflow before and after financing
Increase / (decrease) in cash
Cash flow information
Reconciliation of operating profit to net cash outflow from
operating activities
Operating income / (deficit)
Depreciation
Loss on disposal of fixed assets
Donations of fixed assets
Increase / (decrease) in receivables
(Increase) / decrease in creditors
Net cash (inflow) / outflow from operating activities		 2021
£
582,827
182
(2,407)
580,602
580,602
2021
£
12,347
187,928
-
-
133,435
249,117
582,827		 2020
£
(229,558)
2,990
(182,001)
(408,568)
(408,568)
2020
£
(127,650)
196,723
-
-
(129,585)
(169,046)
(229,558)

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Registered company number 1263742

The Japanese School Limited (A Company Limited by Guarantee) Reconciliation for Net Cash Flow to movements in net funds 31 December 2021

Reconciliation of net cash flow to movements in net funds

Note
Increase / (decrease) in cash in the period
Change in net funds resulting from cash flow
Net funds at the start of theyear
Net funds at the end of the year
16		 2021
£
580,602
580,602
1,505,420

2,086,022		 2020
£
(408,568)
(408,568)
1,913,988
1,505,420

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Registered company number 1263742

The Japanese School Limited (A Company Limited by Guarantee) Statement of Change of Equity 31 December 2021

Statement of Change of Equity

Notes Share Retained Total
Capital Earnings
£ £ £
- 5,596,833 5,596,833
At 1 January 2020
Net income/ - (124,658) (124,658)
(expenditure) for the
year and total
comprehensive income
At 31 December 2020 - 5,472,175 5,472,175
and 1 January 2021
Net (income) / - 12,529 12,529
expenditure for the
year
- - -
Other comprehensive
income for the year
- 12,529 12,529
Total comprehensive
income for the year
At 31 December 2021 - 5,484,704 5,484,704

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Registered company number 1263742

The Japanese School Limited (A Company Limited by Guarantee) Notes 31 December 2021

Notes

1 Members’ liability

The company is limited by guarantee and has no share capital. Each member, whilst a member or within one year after ceasing to be a member, is liable to contribute a sum not exceeding £5 for payment of debts and liabilities of the company in the event of it being wound up. At 31 December 2021 there were 12 members (2020: 14 members) .

2 Accounting policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements.

Basis of preparation

The financial statements have been prepared in accordance with the Statement of Recommended Practice 2000 ‘Accounting by Charities’ and applicable accounting standards and under the historical cost accounting rules. The SORP 2000 sets out recommendations on the way in which a charity should report annually on the resources entrusted to it and the activities it undertakes.

Fixed assets and depreciation

Depreciation is provided by the company to write off the cost less the estimated residual value of tangible fixed assets by equal instalments over their estimated useful economic lives as follows:

Freehold buildings - 50 years Furniture and equipment - 5 years

No depreciation is provided on freehold land. A full year of depreciation is provided in the year of acquisition and there is no depreciation charge in the year of disposal.

Japanese Government grants

Japanese Government grants are accounted for on an accrual’s basis.

Taxation

As a registered charitable organisation, the company is not subject to income or corporation tax on its charitable activities.

The School’s activities are exempt from VAT. Irrecoverable VAT is charged to the income and expenditure account or, if relating to capital expenditure, to fixed tangible assets.

Operating leases

Rentals payable under operating leases are accounted for on a straight-line basis over the periods of the leases.

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Registered company number 1263742

The Japanese School Limited (A Company Limited by Guarantee) Notes 31 December 2021

Notes (continued)

Pensions

The company participates in a defined contribution scheme. The cost of providing these benefits is charged to the profit and loss account on a regular basis.

Reserves

The reserves of the company comprise funds which are unrestricted and are expendable at the discretion of the trustees of the charity.

3 School fees

Entrance
Term
Total for year
Average number of pupils per term		 2021
Day
school
£
96,355
962,486
1,058,841
302
Saturday
school
£
63,694
884,313
948,007
2,006,848
1,088		 2020
Day
school
£
74,560
889,355
963,915
334
Saturday
school
£
54,669
528,854
Saturday
school
£
54,669
528,854
583,523
1,547,438
1,131

All the above fees arise from the school’s activities within the United Kingdom.

4 Japanese Government grants

Japanese Government grants of £ 270,224 (2020: £314,341) was comprised of £ 198,786 which contribute to the cost of locally employed teaching personnel, £23,609 which contribute to the cost of rental of school premises and equipment, and of £47,829 which contribute to the cost of hiring a security officer and the cost of maintenance of the security system during the year. The Japanese Government Seconds Japanese teachers to the school at no charge.

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Registered company number 1263742

The Japanese School Limited (A Company Limited by Guarantee) Notes 31 December 2021

Notes (continued)

5 Educational expenses

Wages and salaries
Social security costs
Other pension costs
Educational supplies & stationery
Books and publications
Printing
Healthcare
School events
Carriage
Travel
Average number of teaching staff per term:
Seconded
Local		 2021
£
866,045
39,468
21,459
106,431
2,714
4,625
30,724
5,061
22,016
15,165
1,113,708
22
95		 2020
£
724,487
38,045
23,877
206,753
4,216
4,736
12,141
3,705
25,614
3,767
1,047,340
22
94

6 Establishment expenses

Depreciation
Rent of premises
Rates
Light, heat and water
Cleaning and laundry
Insurance
Maintenance
Security		 2021
£
187,928
92,627
31,119
72,367
43,868
30,800
185,437
43,676
687,822		 2020
£
196,724
81,265
31,892
63,263
42,616
31,472
93,548
56,343
597,124

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Registered company number 1263742

The Japanese School Limited (A Company Limited by Guarantee) Notes 31 December 2021

Notes (continued)

7 Other administrative expenses

Wages and salaries
Social security costs
Other pension costs
Postage and telephone
Entertaining
Food
Professional fees
Sundry expenses
Loss on disposal of fixed assets
Average number of administrative staff per term		 2021
£
279,111
28,415
10,139
100,161
76
974
68,215
19,975
-
507,066
8		 2020
£
278,888
28,331
12,778
85,157
57
1,243
32,081
46,816
-
485,352
8

The trustees received no remuneration or reimbursed expenses from the charitable company (2021 - 0).

8 Tangible fixed assets


Cost
At beginning of year
Addition
Disposals
At end of year
Depreciation
At beginning of year
Charge for year
Disposals
At end of year
Net book value
At 31 December 2021
At 31 December 2020		 Freehold
land
£
1,000,000
-
-
1,000,000
-
-
-
-
1,000,000
1,000,000		 Freehold
buildings
£
7,432,209
-
-
7,432,209
4,822,231
148,644
-
4,970,875
2,461,334
2,609,978		 Furniture
and
equipment
£
1,728,355
2,407
-
1,730,762
1,564,215
39,284
-
1,603,499
127,263
164,140		 Total
£
10,160,564
2,407
-
10,162,971
6,386,446
187,928
-
6,574,374
3,588,597
3,774,118

All fixed assets are held for direct charitable purposes.

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Registered company number 1263742

The Japanese School Limited (A Company Limited by Guarantee) Notes 31 December 2021

Notes (continued)

9
Debtors
Bank interest accrued
Grants receivable
Prepayments and other accrued income
Donation from JOES
10
Cash at bank and in hand
Time deposit
Deposit accounts:
Investment account
Current accounts (including cash on deposit):
Day school accounts
Saturday school accounts
School bus accounts
Cash in hand
11
Creditors: amounts falling due within one year
Trade creditors–payroll
Accruals and deferred income
Amount owing to parents
Other Creditors		 2021
£
-
179,383
66,153
3,294
248,830
2021
£
1,000,000
117,703
415,169
512.865
39,876
409
2,086,022
2021
£
103,713
35,283
298,249
1,500
438,745		 2020
£
17
253,335
46,989
81,924
382,265
2020
£
1,000,000
246,051
122,183
101,434
35,312
440
1,505,420
2020
£
26,993
123,655
38,981
-
189,628

20

Registered company number 1263742

The Japanese School Limited (A Company Limited by Guarantee) Notes 31 December 2021

Notes (continued)

12 Taxation

The school is entitled to exemption from taxation on its charitable activities under S505(i) ICTA 1988 as a result of its charitable status.

13 Reconciliation of movements in total funds

2021
£
Opening total funds
5,472,175
Net outgoing of resources during the period
12,529
Closing total funds
5,484,704		 2020
£
5,596,833
(124,658)
5,472,175

14 Commitments

Annual commitments under non-cancellable operating leases are as follows:

Plant and machinery

Operating leases which expire:
Within 1 year
Within 2-5 years
More than 5 years
Total		 2021
£
38,320
18,803
-
57,123		 2020
£
39,477
57,123
-
96,600

15 Pensions

Since October 1990, the school has participated in a defined contribution scheme which provides pensions for locally employed Day School and Saturday School Staff.

The trustees of the scheme are AVIVA. At 31 December 2021, 100% (Day School) and 56% (Saturday School) of eligible employees were members of the scheme (2020: 86% Day School: 46% Saturday School).

The total pension cost to the company for the year was £31,598 (2020: £36,655). At the year end, there are no outstanding contributions.

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Registered company number 1263742

The Japanese School Limited (A Company Limited by Guarantee) Notes 31 December 2021

Notes (continued)

16 Analysis of changes in net funds

Cash in hand and at bank At 31
December
2021
£
2,086,022
2,086,022		 Cash in flow
£
580,602
580,602		 At 31
December
2020
£
1,505,420
1,505,420

22

Registered company number 1263742