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2021-03-31-accounts

Trustees Sir Timothy Hitchens KCVO CMG, Sir Timothy Hitchens KCVO CMG, Sir Timothy Hitchens KCVO CMG, Chair
Mr Takashi Hibino, Vice Chair
Mr Stephen Barber
Professor Richard Bowring
Mr Paul Dimond CMG
Ms Yoko Dochi
Mr James Harding (resigned 30June 2021)
Mr Yusuke Kawamura
Professor Sachiko Kusukawa
Mr Masaki Orita
Professor Hirotaka Takeuchi
Ms Jesse Turnbull
Director General Mr Jason James
Registered office Daiwa Foundation
Japan House
13/14 Cornwall
Terrace
London NW1 4QP
Charity Number 299955
Auditors Greenback Alan LLP
Chartered
Accountants		 and Registered Auditor
89 Spa Road
London
SE163SG
Solicitors Clifford Chance
10Upper Bank Street
London EC144JJ
Bankers Lloyds TSBBank pic Mizuho Bank
Cheapside
Branch		 Akasaka Branch
34Moorgate Toho Building
London EC2R 6PL 2-5-1,Akasaka
Minato-Ku
Investment Managers BlackRock
12Throgmorton
Avenue
London
EC2N 2DL

Statement ofFinancial
Activities
For the year ended 31 March
2021 Unrestricted Funds Restricted Funds Total Funds Total Funds
31March 2021 31March 2020
Notes
Income 215,572 215,573 467,895
Expenditure
Costs ofgenerating funds
Fund managers'
fees		 (23,390) (23,390) (23,426)
Charitable
activities
Scholarships (619,048) (619,048) (781,744)
Grants, Awards k Prizes 16 (404,259) (404,259) (452,397)
Events (274,936) (274,936) (311,467)
Cultural
Relations		 (43,138) (43,138) (42,256)
Total charitable
activities expenditure		 (1,341,381) (1,341,381) (1,587,864)
Total expenditure (1,364,771) (1,364,771) (1,611,290)
Net gain/(loss)
on investment		 funds 9,217,732 14,227 9,231,959 (3,469,580)
Net Income/(expenditure) 8,068,533 14,228 8,082,761 (4,612,975)
Net movement
in funds		 8,068,533 14,228 8,082,761 (4,612,975)
Total funds brought
forward		 36,979,743 56,759 37,036,502 41,649,477
Total funds carried forward 45,048,276 70,987 45,119,263 37,036,502
Unrestricted Funds Restricted Funds Total Funds Total Funds
31March 2021 31March 2020
Notes
Fixed assets
Tangible assets 180,822 180,822 184,519
Intangible assets 10
Investments 44,792,601 70,665 44,863,266 36,630,382
44,973,423 70,665 45,044,088 36,814,901
Current assets
Debtors 12 41,920 41,920 25,244
Cash at bank and in hand 13 319,186 322 319,508 296,187
361,106 322 361,428 321,431
Creditors: amounts falling due within 14 (286,253) (286,253) (99,830)
one year
Net current assets 74,853 322 75,175 221,601
Net assets 45,048,276 70,987 45,119,263 37,036,502
Funds ofthe Foundation
Restricted income funds 70,987 70,987 56,759
Unrestricted income funds 45,048,276 45,048,276 36,979,743
Total Funds 45,048,876 70,987 45,119,263 37,036,502

Asset type Depreciation period
Leasehold premium to 2078
Office equipment &fixtures 3-10years
Office furniture 5-10years

3.
Income
31March 31March
2021 2020
Unrestricted
Income
Income from investments 924 302,675
Other interest receivable 44 228
Voluntary
contributions		 and centre for visiting academics income 182,264 132,200
Rental income (from Japan Society) 32,340 32,340
215,572 467,443
Restricted Income
Income from investments 452
Total 215,573 467,895

Scholar- Grants, Events Cultural 31March 31March
ships Awards Relations 2021 2020
&prizes
Depreciation 5,195 4,907 6,830 770 17,702 14,635
Utilities,
maintenance 19,780 19,780 41,415 3,709 84,684 83,068
and repairs
Personnel 113,643 108,488 150,949 31,648 404,728 395,053
(non-
Governance)
Other
administration 42,860 38,468 28,170 4,925 114,423 117,507
expenses
Governance 14,083 13,300 18,517 2,086 47,986 50,154
costs (note 6)
195,561 184,943 245,881 43,138 669,523 660,417

5.
Charitable
act		 ivities expenditure
Activities Grant Support & 31March 31March
undertaken funding of Governance 2021 2020
directly activities costs
Scholarships 423,487 195,561 619,048 781,744
Grants, Awards 219,316 184,943 404,259 452,397
&Prizes
Events 29,055 245,881 274,936 311,467
Cultural 43,138 43,138 42,256
Relations
29,055 642,803 669,523 1,341,381 1,587,864

31 March 31March
2021 2020
Personnel 35,726 35,798
Trustees' expenses 60 4,756
Audit fee 12,200 9,600
Legal fee
To be corrected

31March 31March
2021 2020
Depreciation
(see note		 9k 10) 17,702 14,635
Staffcosts (see note 8) 440,454 430,851
Auditors' remuneration for the audit ofthese financial statements 12,200 9,600

year w as 9(2020:9). Their aggregate
remunera		 tion
comprised:
31March 31March
2021 2020
Wages and salaries 386,636 377,160
Social security costs 28,369 28,821
Pension contributions 25,449 24,870
440,454 430,851

31 March 31 March
2021 2020

Office Total
Leasehold equipment Office Tangible
premium &fixtures furniture assets
Cost
Beginning ofyear 799,339 143,086 195,511 1,137,936
Additions 13,273 732 14,005
Disposals (4,170) (4,170)
End ofyear 799,339 152,189 196,243 1,147,771
Depreciation
Beginning ofyear 711,056 71,682 170,679 953,417
Charge 1,526 12,566 3,610 17,702
Disposals (4,170) (4,170)
End ofyear 712,582 80,078 174,289 966,949
Net book value
At
1 April 2020		 88,283 71,404 24,832 184,519
At 31March 2021 86,757 72,111 21,954 180,822

Total
Software Intangible
assets
Cost
Beginning ofyear 14,658 14,658
Additions
Disposals
End ofyear 14,658 14,658
Depreciation
Beginning ofyear 14,658 14,658
Charge
Disposals
End ofyear 14,658 14,658
Net book value
At 1 April 2020
At 31March 2021
All assets are held for charitable purposes.

Valuation Valuation Cost Cost
31March 31March 31March 31March
2021 2020 2021 2020
Investment funds:
UK investments 9,253,574 6,724,066 7,600,188 6,744,264
Mixed UK/Overseas 16,376,848 14,670,926 15,326,000 15,326,000
Overseas securities 19,194,830 15,197,376 7,926,168 8,608,300
Subtotal investments 44,825,252 36,592,368 30,852,356 30,678,564
Cash 38,014 38,014
44,863,266 36,630,382 30,852,356 30,678,564

31March 31March
2021 2020
Market value brought forward at 1 April 36,630,382 41,001,628
Additions
at cost		 1,885,000 1,036,999
Disposal proceeds (2,885,000) (2,241,813)
Dividend
reinvestment		 925 303,148
Net (loss)/gain
in the		 year 9,231,959 (3,469,580)
Market value carried forward at 31March 44,863,266 36,630,382
Funds under management are as follows:
Market Value
31March 31March
2021 2020
BlackRock 44,863,266 36,630,382
44,863,266 36,630,382
31March 31March
2021 2020
Charitrak UK Equity Index 8,340,418 5,821,835
Blackrock Rtn Bond Fund 16,376,848 14,670,926
Blackrock North US Index 6,906,932 5,577,013
Blackrock Emerging
Markets		 USD Flex 5,549,585 4,290,481
Blackrock Europe EK-UK Sub Fund Inst. 2,708,869 2,121,618
Blackrock Japan Index Sub Fund USD 2,653,788 2,236,643
Blackrock Pac Rim Index Sub Fund USD 1,375,657 971,622
BlackRock Sterling Liquidity Fund 913,155 902,230
British Pound 38,014 38,014
Market value carried forward at 31March 44,863,266 36,630,382

31March 31March
2021 2020
Other debtors 3,566 2,611
Pre-paid expenses 38,354 22,633
41,920 25,244
13.Cash at bank and in hand
31March 31March
2021 2020
Current Accounts 319,508 296,187
Cash on hand
319,508 296,187
14.Creditors: amounts falling due within one year
31March 31March
2021 2020
Bank overdraft 201 54
Grants payable 206,500 29,000
Scholarships
payable
Other creditors 79,552 70,776
286,253 99,830

Number Value Number Value
31March 31March 31March 31March
2021 2021 2020 2020
Grants approved in year
- Institutions 82 210,500 85 247,190
- Individuals 11 26,500 14 35,700
93 237,000 99 282,890
Grants cancelled or returned in (17,684) (3,611)
year
219,316 279,279
Grant administration cost 124
Royal Society Joint Project (8,405)
returned
Daiwa Foundation Art Prize (1,566)
administration cost
Support & Governance costs (see 184,943 182,965
note 5)
404,259 452,397

31March 31March
2021 2020
Analysis ofgrants, awards 4 prizes awarded in the year
Daiwa Foundation
Small Grants (UK-side)		 130,500 152,890
Daiwa Foundation
Small Grants (Japan-side)		 19,500 30,000
Daiwa Foundation
Awards		 87,000 100,000
Daiwa Foundation
Art Prize
(8,405)
Total grants awarded
in 2019/2020		 237,000 274,485
Grants cancelled or returned in year (3,611)
Awards cancelled or returned in year (17,684)
Daiwa Foundation
Art Prize		 administration refund (1,566)
Administration
costs		 124
Support &Governance
costs		 (see note 5) 184,500 182,965
Total grants, awards
and prizes		 403,816 452,397
Grants
are		 made made solely at the solely at the solely at the discretion ofthe Trustees.
Payment
of a		 discretion ofthe Trustees.
Payment
of a		 grant to any charitable grant to any charitable grant to any charitable grant to any charitable body,
person
or		 institution requires the approval
of a majority
of all the		 Trustees. The Trustees have
empowered the Managing Trustees to make grants up to atotal off750,000.
The following pages show the grants which have been approved
by the		 Trustees for the financial year
2020/2021.
Daiwa Foundation Small
Grants
Support ivas provided for
the
ollowin		 ro'ects:
UK-side
Array (Darren Johnston) Support for travel to Japan to meet and 62,000
collaborate
in realising anew Noh-influenced
performance
with Kanji Shimizu from Tessen-
Kai Theatre in Tokyo, and to bring together
partners
for a new UK-Japan collaboration,
resultin
in new
roductions
to be		 held in 2022.
Artes Mundi Support for exhibition
costs for Meiro Koizumi,		 K3,000
shortlisted
for the Artes Mundi biennial
exhibition
and prize at the National		 Museum of
Wales, to exhibit new work focussed on the
representation
ofnational
histories,		 and
memories ofarmed conflict, video installation
and participatory
work using VR headsets,		 15
March to 5 September 2021.
Burma Campaign Burma Campaign Society Support for travel to Japan by veterans
and war-
related families to visit pertinent
organisations
and universities
in Japan, with the aim of
enhancing
mutual
understanding,
autumn
2020
onwards.
Cardiff Metropolitan Support for aresearch visit to Hiroshima
University, Cardiff School University
to share knowledge
on the
ofSport and Health professional
development
ofprimary
school
Sciences teachers and observe teaching practices and
lesson planning,
leading to conference
resentations
and articles, s rin
2021.
CineTap Films Support for travel to Japan in summer 2021 by
Steffan Griffiths, who is completing
an
investigative
feature-length
documentary
film
focussing
on revealing
new insights
into
Japanese society through
skateboarding,
and the
sport's inclusion
in the Tokyo Olympics,
due out
in late 2021.
Cinetopia Support for travel to Edinburgh
by documentary
directors Kazuhiro
Soda and Kaori Oda to take
part in QkA sessions and masterclasses
to
complement
a showcase ofdiverse approaches
to documentary
practice in Japan, encompassing
different period ofthe history
and heterogeneous
issues, 2021 TBC .
Circle Time Ltd Support for costs related to producing
a
documentary
film on Japanese avant-garde
artists ofthe 20th and 21st centuries
in the fields
ofphotography,
underground
theatre, visual art,
ra hic desi n and Butoh dance, 2021 to 2022.
Collar and TIE(CAT) Support for travel to Japan by two colleagues
from Collar and TIE,atheatre, technology
and
educational
body, to hold workshops
and
training
for teachers at Toho Girls' Junior and
Senior High School in order to engage on a
collaborative
online theatre project linking
young people and schools in Tokyo and
Worcester, October 2020 onwards.
Conductive Music Support for the dissemination
amongst UK
primary
schools, via newsletters
and social
media, oflesson plans aimed at engaging
a wide
range ofstudents
in music, technology
and video
game design through
Noh and Kabuki inspired
storytelling,
December 2020 to July 2021.
Consone Quartet Quartet Support for travel to Japan by members ofthe Support for travel to Japan by members ofthe
Consone Quartet to perform concerts alongside
musicians
with expertise in Classical-Early
Romantic music played on period instruments-
Toshiyuki
Shibata on flute and Naruhiko
Kawaguchi
on the fortepiano - at six venues		 in
Ja an, 2021.
Durham University, Support for aresearch visit to facilitate
Department ofGeography collaborative
research and seminars
with
academics
at Rissho and Tokyo Universities		 in
order to develop 'Japanese'
heat-health
warning
systems to better manage
heatwaves-related
health risk, March to A ril 2021.
Global Street Art Support for travel by three mural artists from
Japan: SUIKO, imaone,
and FATE to take part
in London's
first-ever Mural Festival,
showcasing
over 100international
artists and
including
talks, workshops,
film screenings,
gallery shows and street art tours,
1 to 13
Se tember 2020.
Hall, Rhyannan (Oxidate Support for athree-week
textiles-based
research
Design) visit to Japan with a view to building
on
educational
cultural
exchanges
and artistic
collaborations
with Japanese artists and feeding
into Rhyannan
Hall's teaching
and practice,
sinnmer
2021/s
rin
2022.
Independent Arts Projects Support for travel by performers
and atechnical
manager to present the children's
theatre
production
'EATEN' by Mamoru
Iriguchi at
three festivals in Japan: Ricca Ricca Festival in
Okinawa,
Mirai Festival in Tokyo and the
Yokoso Baby and Kodomo Theater Festival in
Kanazawa,
March 2021 onwards.
Japan Woodcraft Support for travel by craftsman
Masahiro Kudo
Association and colleague to hold woodcraft
demonstrations
at four events in London, showcasing
Japanese
woodwork
techniques
and intricate joinery such
as seen in his signature
piece, a 'masu' or
Ja anese wooden sake cu, November 2020.
Jennifer Lauren Gallery Support for travel to Japan by a gallery director
to document
the art, voices, and inspirations		 of
four Japan-based
disabled
and outsider artists,
leading to future exhibitions
showcasing
the
artists and collaboration,
2021.
King's College London, King's College London, King's College London, King's College London, Support for travel to Kyoto University
by an		 Support for travel to Kyoto University
by an
Institute of Psychiatry academic to engage in research collaboration
and workshops
on advanced
statistical
analysis
oflongitudinal
birth cohort data, to enable
sustainable
international
comparative
research,
A ril 2021 onwards.
London School ofHygiene Support for bilateral visits by researchers
at
and Tropical Medicine, LSHTM and the National
Institute
for Infectious
Epidemiology and Diseases in Tokyo to analyse norovirus,
Population Health combining
unique
data from Japan with
(LSHTNI) modelling
to understand
how it spreads,
resulting
in apublication,
and skills for the
collaborative
study ofother pathogens
including
rotavirus
and coronavirus,
September
and
December 2021.
Luck, Neil Support for travel by Butoh artist, Takahiro
Tomatsu to take part in a multidisciplinary
performance
featuring
original music composed
by Neil Luck and performed
with the Arco
ensemble
at three UK venues, Febru
2021.
Manchester Metropolitan Support for travel by two scholars &om Japan
University, Department of taking part in the translation
and presentation		 of
English Literature, Media arecently discovered
'Hiroshima'
manuscript
and Creative Writing and sonata by Anthony
Burgess, at which the
poem and sonata and wider issues ofart, poetry,
and war will also be discussed,
August 2020
onwards.
McCorry, Mr Simon Support for travel to Japan to rehearse, develop
and perform a collaborative
dance and music
piece 'The Middle ofNowhere'
for the
Yokohama Dance Collection, leading to
enhanced
links, 2021.
McFarland, Gillian Support for the transport ofartwork
from
(gallery) northern
Japan to Scotland, which form part		 of
an exhibition
and associated events touring		 three
venues
and connecting
four artists in each
count, June to October 2021.
Mugen Taiko Dojo Support for aresearch trip to Japan to develop
online English language
teaching materials		 to
widen access to the techniques,
history, culture
and background ofWadaiko Japanese
drumming,
for dissemination
as educational
tools, to widen access, summer 2022.
Mynatt, Corinne Mynatt, Corinne Support for travel to Japan in spring 2021 in
connection
with the publication of'Tools for
Food: Design, History,
Culture'
(release date
autumn 2021)to produce content for an
exhibition
in London, and to document
the
stories ofthese objects for apilot TV series of
'Tools for Food'.
Northern Home Support for travel to Japan by eight young judo
Counties (NHC) Judo practitioners
and two coaches to provide an
educational
and cultural
experience for young
judoka, and to enhance
links with Matsumae
Judo Juku and the Tokai University
Educational
S stem, 2022,
Oxford Brookes Business Support for reciprocal trips by academics at
School, Oxford Brookes Oxford Brookes and Ritsumeikan
Universities		 to
University construct a system dynamics
model to analyse
Waste Electric and Electronic Equipment
in the
UK in light ofthe EU's Sustainable
Product
Policy Framework
targeting
product
obsolescence, March 2021 to 30Ma
2022.
Peter Kettle RCA Support for a visit to Japan by a landscape
artist
and a filmmaker
to document
cultural
landmarks
in Japan and create wood-cut portraits ofAinu
communities,
resulting
in exhibitions
in England
and Wales and a short film documentary,
Se tember 2021.
place+platform art Support for travel by the Japanese academics
collective and multi-media
artist duo Visual Brains —Sei
Kazama and Hatsune
Otsu to take part in an
event and exhibition
in Edinburgh,
reuniting
them with the music ofcomposer Toshioki
Matsumura,
coinciding
with a new record
release featuring
aretrospective
ofMatsumura's
music, June 2021.
Royal Scottish National Support for travel by violinist Kyoko Takezawa
Orchestra (RSNO) and pianist Makoto Ozone to perform with the
RSNO at four venues
in Edinburgh
and Glasgow
and to take part in pre-concert talks and
interviews,
complementing
the RSNO's tour of
Ja an, Februa
and March 2021.
Southbank Centre Support for 'Hiroshi
Sugimoto: Time Machine',
(Hayward Gallery) the first major UK survey ofthis artist and his
first institutional
show in Europe in over a
decade, 17February to 3 May 2022 (TBC).

Stratford Gallery, Stratford Gallery, Stratford Gallery, The Support for athree-week
visit to Japan by the
owner and co-founder ofStratford Gallery to
hold meetings
with anumber ofexisting and
new contemporary
ceramic and other artists with
the intention ofrepresenting
their work in the
UK for the first time, 2022.
Swansea University, Support for avisit to the University ofTokyo to
Department ofPolitical examine crime prevention
efforts in Adachi
and Cultural Studies Ward, Tokyo and pursue projects on urban
desi n, ci
brandin,
and crime
revention.
Traditional Arts Support for a two-week research trip to explore
Development synergies
between English and Japanese folk
music and song, focussing on female-led
musical traditions
including
upopo singing
and
mukkuri
playing
by Ainu women in Hokkaido,
resulting
in recordings
made ofand with
performers,
apodcast documentary
and further
collaboration,
November
2020.
Ukishima
Studio		 Sculpture Support for travel between the UK and Japan by
sculptors
Hironori
Katagiri and Kate Thomson
who will exhibit 24 oftheir stone sculptures
in
the gallery space
1 Canada Square, Canary
Wharf, 2021 onwards.
Ulster University, School Support for atwo-week research visit to Japan in
ofArts and Humanities April 2022 to collaborate
on apractice-based
exploration ofkey performative
concepts with
dancer Reisa Shimojima
resulting
in 5 short live
acts in Londonde
in Jul
2022.
University ofBirmingham, Support for reciprocal visits by academics
Birmingham Business studying
bargaining
behaviour
in an
School experimental
way, in order to further understand
the role ofsocial k cultural factors in decision
making
in Japan and the UK, leading to
publications
&presentations,
March and June
2021.
University ofBristol, Support for travel to Japan by two early career
School ofMathematics researchers
taking part in aworkshop
to discuss
the useful applications
ofgeometric
data
analysis,
building
on arecent Memorandum
of
Understanding
between Bristol and the Institute
ofStatistical Mathematics
in Tokyo, and with a
view to future collaboration,
2021 (TBC).
University ofCambridge, ofCambridge, Support for an online conference including
four
Department ofPolitics and Scholars from Keio, Tokyo and Chuo
International Studies, Universities
and National
Institute for Defense
Forum on Geopolitics Studies to take part in Maritime Asia: the
Securitization ofthe China Seas in the 19th to
21st Centuries,
a conference ofhistorians
and
international
relations
experts at Cambridge
to
examine
security concepts, maritime
networks,
and governance ofEast and South China Seas,
Au ust 2021.
University ofDerby, Support for avisit to Japan by academics from
School ofArts Derby and Nottingham
Trent Universities
to
engage in an interdisciplinary
research initiative
to co-create artificial pet materials
that are
multisensory
and tactile, and able to capture date
on interaction,
autumn 2021.
University ofEast Support for travel by historian
and writer Susan
Anglia, Centre for Karen Burton to complete a literary, non-fiction
Japanese Studies (Dr work on the Welsh community
in Japan and on
Susan Burton) Japanese people who love Welsh culture,
summer 2021.
University ofEast Support for avisit to Japan by two researchers
to
London, School ofHealth, investigate
the physiology
and biomechanics
of
Sport and Bioscience Japanese endurance
running,
leading to a
publication,
areturn visit by the Japanese
academics,
and future collaboration,
May 2021
onwards.
University ofGlasgow, Support for UK-Japan visits by six poets to
School ofCritical Studies collaborate
in producing
original works of
literature
for performances
touring Tokyo,
Kyoto, Glasgow, London, and Norwich,
leading
to stronger artistic and cultural
links, online
documentation
and a short anthology,
October
2021,
University ofManchester, Support for atwo-week visit to Japan to engage
School ofArts, Languages in archival research and strategy meetings
at
and Culture institutions
including
the National Diet Library,
Ritsumeikan,
Waseda, Shizuoka and Nihon
Universities
related to elderly care and geriatric
science in Japan, 1868-1970s,resulting
in an
academic paper and further collaborative
research, August 2020.
University of Portsmouth, Support for reciprocal visits by academics from Support for reciprocal visits by academics from
School of Computing Portsmouth
and Tokyo Metropolitan
Universities
collaborating
on research into motor
function
sensing
and rehabilitation
for ageing
people during
lockdown,
culminating
with a
conference
in the UK, summer 2021.
University of Reading, Support for travel by academics from Tsukuba
School of Biological University
tojoin amini-symposiiun
at Reading
Sciences to study social behaviours
that are controlled		 by
hormones
such as estrogen,
with further
applications
for psychology,
and resulting
in
publications
and further collaboration,
spring
2021.
University of Support for travel by a group offive comprising
Southampton, Department academics
and members ofthe Forestry
ofGeography and Commission
and Forest Research to engage in a
Environmental Science workshop
at Tokyo University
into how forest
management
affects wildlife,
water quality
and
invasive
species in the UK and Japan, October
2021 onwards.
University of York, Support for travel to the 'Pacific Paratexts'
Department ofEducation conference
—focusing on factual and fictional
representations
ofthe Pacific, and the
relationship
between the West and Japan - to		 use
technology
to widen access/participation
by
York Asia Research Network
members,
November 2021.
Wagner, Malene Support for travel to Japan in spring 2021 by a
freelance writer/curator
completing
abook on modern
and
contemporary
Japanese prints from the
1950sto today to ensure the next generation's
interest in Japanese prints, to be published
in
s rin
2022.
Woodhouse Grove School, Support for a 12-day educational
visit by 15
Apperley Bridge students
and three teachers
from Woodhouse
Grove School to visit their
partner Teikyo Junior and
Senior Schools in Kani City, Gifu, leading to
sustainable
links and,
it is hoped, the introduction
ofJapanese to the
curriculum,
October 2022.
UK-side total
Ja an-side
Creative Arts
Committee		 Creative Arts
Committee		 Creative Arts
Committee		 Executive Support for travel to Japan by the director of
Amici Dance Theatre, and two choreographers
with physical
disabilities
to hold facilitation
and
mentoring
workshops
in Tokyo and Kobe, to
raise the profile ofintegrated
dance and to
nurture
disabled artists in Japan, late 2020.
Katsura, Mr Utazo Support for a first visit to the UK by rakugo
artist Utazo Katsura who will perform rakugo in
English in London and at Liverpool
and Oxford
Universities
with aview to enhancing
cultural
and artistic links and future collaboration,
November 2021.
Keio University, Support for travel by a Keio academic to
Rehabilitation Medicine, collaborate
with researchers
at Edinburgh
and
School ofMedicine Yokohama National
Universities
on differences
in physiotherapy
protocols and the application of
Magnetic Resonance Elastography
to measure
the mechanical
ro erties ofmuscle, 2021.
Mori Art Museum Support for the installation
ofPhyllida Barlow's
artwork for display
in 'Another
Energy: Power to
Continue
Challenging
- 16Women Artists from
Around
the World', a show ofwork by women
artists who began their practice from the late
1950sto 1970s,Mori Art Museum,
April to
Se tember 2021.
NPO Ryukyu Tea, Support for travel to the UK by nine Okinawan K4,500
Bukubuku Tea, Akeshino- tea masters who will perform the Ryukyu
no-kai Bukubuku
Tea Ceremony
accompanied
by
classical Ryukyuan
music and dance and who
will provide ahistorical context and hold
workshops
at two venues
in London, autumn
2021 TBC.
Okinawan Utahai Support for travel to the UK by four musicians E3,000
Committee from Okinawa
who, for the first time, will hold
performances
ofan Okinawan
'Utahai' or
'concert' with accompanying
workshops
to
celebrate modern
Okinawan
culture
in London
and Oxford, late November 2020.
Ritsumeikan University, Support for a research trip to the UK by Dr K2,000
Institute for Disaster Hiroaki Ohashi to study planning
policy for
Mitigation of Urban provincial
and rural revitalisation
in the UK,
Cultural Heritage with a comparative
view to Japan, in
collaboration
with academics at UCL, LSEand
Newcastle
Universities,
s rin
2022.
Ja an-side total
The Daiwa Anglo-Japanese The Daiwa Anglo-Japanese Foundation Foundation
Notes to the financial
statements		 (continued)
For the year ended 31March 2021
Total
Small Grants
Daiwa Foundation
Awards
Support was provided for
the
ollowin
ro'ects:
Clare Farrow Studio Support for an immersive
project by the
Project Partners: Japanese architect Toshiki Hirano titled
International 'Reinventing
Texture', incorporating
design,
Architectural
Education		 music, and sound, which will feature in the
Platform,
University		 of London Design Biennale as the installation
Tokyo; Royal College of representing
Japan under the theme of
Art; London Design 'Resonance',
at Somerset House,
1 to 27 June
Biennale 2021.
Entelechy Arts Support for visits to Coventry
by Naoki
Project Partner: Sugawara
and Tomoya Takeda from
OiBokkeShi OiBokkeShi to develop anew co-production,
'Theatre ofWandering'
focusing on dementia
and wandering,
to be performed
in local streets
and shops in Coventry
in August
and September
2021.
Hiroshima
University,
Center for Peace
Project Partners:
University
ofGlasgow,
University
ofKent,
Birkbeck College,
Universi
ofLondon		 The Support for travel to Hiroshima
by four
academics for athree-day
event to consider the
physical
and psychological
impact ofaerial
threats, rising belligerence
and the impending
loss ofthe lived memories ofthe atomic-bomb
survivors,
June 2021.
Imperial
College London,		 Support for a collaborative
project between
Faculty ofMedicine Imperial
College and Kanazawa
University
Project Partner: which aims to identify the determinants
of
Kanazawa
University,		 hepatitis Bvirus (HBV) replication,
with results
School ofMedicine informing
anti-HBV therapies
and intervention
strategies, participation
in academic conferences
and enhanced
links, June to December 2020.
Lancaster University Support for reciprocal visits by academics at
Management
School		 Lancaster and Hitotsubashi
Universities
to
Proj ectPartners: cooperate and hold workshops
in the field of
Hitotsubashi
University,		 Design Thinking,
leading to enhanced
Research Institute of innovation
success through
its practical
Economy, Trade and application,
May and August 2021.
Industry
(RIETI)

Loughborough
University,		 Support for travel to Japan by twelve
School ofArchitecture, architecture
students
from Loughborough
Building and Civil University
as part ofan extracurricular
Engineering architectural
exchange school comprising
Project Partners: students
from Loughborough
and five
Hiroshima
Design Lab at		 universities
in Japan, that aims to generate
Hiroshima
Institute of		 international
collaboration
in design and cultural
Technology, exchange,
spring and autumn 2021.
Kengo Kuma Labs at
Universi
ofTo
o,
SPUD Support for travel by a group from spudYOUTH
Project Partner: to visit the result ofa design project involving
Daikanyama
Teens		 teens from Shibuya and the New Forest,
Creative featining
model making,
drawing,
photography,
digital media, dance and performance,
reflecting
the interests ofboth
rou
s, March 2022.
Tohoku Medical and
Pharmaceutical
University,
Division of
Pathology
Project Partner:
University
ofLeeds, Division of
Pathology
and Data		 Support for scientific collaboration
between
Tohoku Medical and Pharmaceutical
University
and the University
ofLeeds in the clarification
and classification oftumour
deposits in
colorectal cancer, June 2021 to May 2022.
Anal
ties
University
ofBirmingham,		 Support for travel by UK-based Shakespeare
Shakespeare
Institute		 researchers
taking part in amajor
Project Partner: interdisciplinary
conference on Shakespeare		 and
Waseda University translation
at Waseda University,
September
2021 onwards.
University
ofLeeds,		 Support for travel to Japan by three UK-based
Faculty ofBiological researchers to facilitate a long-term
collaborative
Sciences research programme
in coral demography
and
Project Partners: reeftropicalisation
in Japan comprising
University
ofthe Ryukyus,		 scientists from the University
ofLeeds,
Kuroshio Biological University ofOxford, University
ofthe
Research Foundation, Ryukyus,
Kuroshio Research Institute,
and
Kyushu
University's		 Kochi University,
auttnnn 2020.
Amakusa
Marine
Biological Laboratory
University
ofLeeds,		 Support for reciprocal visits by researchers
in		 K7,000
School ofChemical dk the UK and Japan developing anovel pyrolysis-
Process Engineering catalytic process for treating low value and
Project Partner: problematic
nitrogen-containing
waste plastics
Tohoku University, to produce high value nitrogen-functionalised
Graduate
School of		 carbon nanotubes,
April 2021 to March 2023.
Environmental
Studies
University
ofthe Arts		 Support for travel to London in 2021 by artists 67,000
London, Central Saint taking part in a new initiative: apublic forum for
Martins, School ofArt the exchange ofknowledge and the creation of
(CSM) new UK-Japan partnerships, accompanying
an
Project Partners: exhibition ofwork by graduates
from Central
Tokyo University
ofthe		 Saint Martins
and from Tokyo University ofthe
Arts, Arts, Lethaby Gallery.
Youkobo Art S ace
Total
Awards		 f87,000
Total Small Grants and K237,000
Awards
Unrestricted Funds Restricted Funds Total Funds Total Funds
31March 2020 31March 2019
Income 467,443 452 467,895 323,642
Expenditure
Costs ofgenerating fttnds
Fund managers'
fees		 (23,426) (23,426) (20,557)
Charitable
activities
Scholarships (781,744) (781,744) (669,972)
Grants, Awards &Prizes (452,397) (452,397) (532,727)
Events (311,467'1 (311,467) (331,128)
Cultural
Relations		 (42,256) (42,256) (44,563)
Total charitable
activities expenditure		 (1,587,864) (1,587,864 (1,578,390)
Total expenditure (1,611,290) (1,611,290) (1,598,947)
Net gain/(loss)
on investment		 funds (3,464,404) (5,176) (3,469,580) 1,558,957
Net Income/(expenditure) (4,608,251) (4,724) (4,612,975) 283,652
Net movement
in funds		 (4,608,251) (4,724) (4,612,975) 283,652
Total funds brought forward 41,587,994 61,483 41,649,477 41,365,825
Total funds carried forward 36,979,743 56,759 37,036,502 41,649,477