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## 

|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<br>Japan House||||
|||13/14 Cornwall<br>Terrace||||
|||London NW1 4QP||||
|Charity Number||299955||||
|Auditors||Greenback Alan LLP||||
|||Chartered<br>Accountants||and Registered Auditor||
|||89 Spa Road||||
|||London||||
|||SE163SG||||
|Solicitors||Clifford Chance||||
|||10Upper Bank Street||||
|||London EC144JJ||||
|Bankers||Lloyds TSBBank pic|||Mizuho Bank|
|||Cheapside<br>Branch|||Akasaka Branch|
|||34Moorgate|||Toho Building|
|||London EC2R 6PL|||2-5-1,Akasaka|
||||||Minato-Ku|
|Investment|Managers|BlackRock||||
|||12Throgmorton<br>Avenue||||
|||London||||
|||EC2N 2DL||||





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|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'<br>fees||||(23,390)||(23,390)|(23,426)|
|Charitable<br>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<br>Relations||||(43,138)||(43,138)|(42,256)|
|Total charitable<br>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)<br>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<br>in funds||||8,068,533|14,228|8,082,761|(4,612,975)|
|Total funds brought<br>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|



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## 

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



## 

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## 

## 

|3.<br>Income||||
|---|---|---|---|
|||31March|31March|
|||2021|2020|
|Unrestricted<br>Income||||
|Income from investments||924|302,675|
|Other interest receivable||44|228|
|Voluntary<br>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.<br>Charitable<br>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<br>(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<br>remunera|tion<br>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<br>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<br>at cost||||1,885,000|1,036,999|
|Disposal proceeds||||(2,885,000)|(2,241,813)|
|Dividend<br>reinvestment||||925|303,148|
|Net (loss)/gain<br>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<br>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<br>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<br>Small Grants (UK-side)||||130,500|152,890|
|Daiwa Foundation<br>Small Grants (Japan-side)||||19,500|30,000|
|Daiwa Foundation<br>Awards||||87,000|100,000|
|Daiwa Foundation<br>Art Prize||||||
||||||(8,405)|
|Total grants awarded<br>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<br>Art Prize|administration|refund|||(1,566)|
|Administration<br>costs|||||124|
|Support &Governance<br>costs|(see note 5)|||184,500|182,965|
|Total grants, awards<br>and prizes||||403,816|452,397|



|Grants<br>are|made|made|solely at the|solely at the|solely at the|discretion ofthe Trustees.<br>Payment<br>of a|discretion ofthe Trustees.<br>Payment<br>of a|grant to any charitable|grant to any charitable|grant to any charitable|grant to any charitable|body,|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|person<br>or|institution|||requires||the|approval<br>of a majority<br>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<br>by the||Trustees for the|||financial|year|
|2020/2021.|||||||||||||
|Daiwa Foundation||||Small|||||||||
|Grants|||||||||||||
|Support ivas||provided for|||||||||||
|the<br>ollowin|||ro'ects:||||||||||
|UK-side|||||||||||||
|Array (Darren|||Johnston)||||Support for travel to Japan to meet|and|||62,000||
||||||||collaborate<br>in realising anew Noh-influenced||||||
||||||||performance<br>with Kanji Shimizu from Tessen-||||||
||||||||Kai Theatre in Tokyo, and to bring|together|||||
||||||||partners<br>for a new UK-Japan collaboration,||||||
||||||||resultin<br>in new<br>roductions<br>to be|held in 2022.|||||
|Artes Mundi|||||||Support for exhibition<br>costs for Meiro Koizumi,||||K3,000||
||||||||shortlisted<br>for the Artes Mundi biennial||||||
||||||||exhibition<br>and prize at the National|Museum||of|||
||||||||Wales, to exhibit new work focussed on the||||||
||||||||representation<br>ofnational<br>histories,|and|||||
||||||||memories ofarmed conflict, video|installation|||||
||||||||and participatory<br>work using VR headsets,||15||||
||||||||March to 5 September 2021.||||||





|Burma Campaign|Burma Campaign|Society|Support for travel to Japan by veterans<br>and war-|
|---|---|---|---|
||||related families to visit pertinent<br>organisations|
||||and universities<br>in Japan, with the aim of|
||||enhancing<br>mutual<br>understanding,<br>autumn<br>2020|
||||onwards.|
|Cardiff Metropolitan|||Support for aresearch visit to Hiroshima|
|University,|Cardiff|School|University<br>to share knowledge<br>on the|
|ofSport and Health|||professional<br>development<br>ofprimary<br>school|
|Sciences|||teachers and observe teaching practices and|
||||lesson planning,<br>leading to conference|
||||resentations<br>and articles, s rin<br>2021.|
|CineTap Films|||Support for travel to Japan in summer 2021 by|
||||Steffan Griffiths, who is completing<br>an|
||||investigative<br>feature-length<br>documentary<br>film|
||||focussing<br>on revealing<br>new insights<br>into|
||||Japanese society through<br>skateboarding,<br>and the|
||||sport's inclusion<br>in the Tokyo Olympics,<br>due out|
||||in late 2021.|
|Cinetopia|||Support for travel to Edinburgh<br>by documentary|
||||directors Kazuhiro<br>Soda and Kaori Oda to take|
||||part in QkA sessions and masterclasses<br>to|
||||complement<br>a showcase ofdiverse approaches|
||||to documentary<br>practice in Japan, encompassing|
||||different period ofthe history<br>and heterogeneous|
||||issues, 2021 TBC .|
|Circle Time Ltd|||Support for costs related to producing<br>a|
||||documentary<br>film on Japanese avant-garde|
||||artists ofthe 20th and 21st centuries<br>in the fields|
||||ofphotography,<br>underground<br>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<br>from Collar and TIE,atheatre, technology<br>and|
||||educational<br>body, to hold workshops<br>and|
||||training<br>for teachers at Toho Girls' Junior and|
||||Senior High School in order to engage on a|
||||collaborative<br>online theatre project linking|
||||young people and schools in Tokyo and|
||||Worcester, October 2020 onwards.|
|Conductive|Music||Support for the dissemination<br>amongst UK|
||||primary<br>schools, via newsletters<br>and social|
||||media, oflesson plans aimed at engaging<br>a wide|
||||range ofstudents<br>in music, technology<br>and video|
||||game design through<br>Noh and Kabuki inspired|
||||storytelling,<br>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<br>with expertise in Classical-Early||
|||||Romantic music played on period instruments-||
|||||Toshiyuki<br>Shibata on flute and Naruhiko||
|||||Kawaguchi<br>on the fortepiano - at six venues|in|
|||||Ja an, 2021.||
|Durham|University,|||Support for aresearch visit to facilitate||
|Department||ofGeography||collaborative<br>research and seminars<br>with||
|||||academics<br>at Rissho and Tokyo Universities|in|
|||||order to develop 'Japanese'<br>heat-health<br>warning||
|||||systems to better manage<br>heatwaves-related||
|||||health risk, March to A ril 2021.||
|Global Street Art||||Support for travel by three mural artists from||
|||||Japan: SUIKO, imaone,<br>and FATE to take part||
|||||in London's<br>first-ever Mural Festival,||
|||||showcasing<br>over 100international<br>artists and||
|||||including<br>talks, workshops,<br>film screenings,||
|||||gallery shows and street art tours,<br>1 to 13||
|||||Se tember 2020.||
|Hall, Rhyannan|||(Oxidate|Support for athree-week<br>textiles-based<br>research||
|Design)||||visit to Japan with a view to building<br>on||
|||||educational<br>cultural<br>exchanges<br>and artistic||
|||||collaborations<br>with Japanese artists and feeding||
|||||into Rhyannan<br>Hall's teaching<br>and practice,||
|||||sinnmer<br>2021/s<br>rin<br>2022.||
|Independent||Arts Projects||Support for travel by performers<br>and atechnical||
|||||manager to present the children's<br>theatre||
|||||production<br>'EATEN' by Mamoru<br>Iriguchi at||
|||||three festivals in Japan: Ricca Ricca Festival|in|
|||||Okinawa,<br>Mirai Festival in Tokyo and the||
|||||Yokoso Baby and Kodomo Theater Festival|in|
|||||Kanazawa,<br>March 2021 onwards.||
|Japan Woodcraft||||Support for travel by craftsman<br>Masahiro Kudo||
|Association||||and colleague to hold woodcraft<br>demonstrations||
|||||at four events in London, showcasing<br>Japanese||
|||||woodwork<br>techniques<br>and intricate joinery such||
|||||as seen in his signature<br>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<br>the art, voices, and inspirations|of|
|||||four Japan-based<br>disabled<br>and outsider artists,||
|||||leading to future exhibitions<br>showcasing<br>the||
|||||artists and collaboration,<br>2021.||





|King's College London,|King's College London,|King's College London,|King's College London,||Support for travel to Kyoto University<br>by an|Support for travel to Kyoto University<br>by an|
|---|---|---|---|---|---|---|
|Institute of|Psychiatry||||academic to engage in research collaboration||
||||||and workshops<br>on advanced<br>statistical<br>analysis||
||||||oflongitudinal<br>birth cohort data, to enable||
||||||sustainable<br>international<br>comparative<br>research,||
||||||A ril 2021 onwards.||
|London School ofHygiene|||||Support for bilateral visits by researchers<br>at||
|and Tropical||Medicine,|||LSHTM and the National<br>Institute<br>for Infectious||
|Epidemiology||and|||Diseases in Tokyo to analyse norovirus,||
|Population|Health||||combining<br>unique<br>data from Japan with||
|(LSHTNI)|||||modelling<br>to understand<br>how it spreads,||
||||||resulting<br>in apublication,<br>and skills for the||
||||||collaborative<br>study ofother pathogens<br>including||
||||||rotavirus<br>and coronavirus,<br>September<br>and||
||||||December 2021.||
|Luck, Neil|||||Support for travel by Butoh artist, Takahiro||
||||||Tomatsu to take part in a multidisciplinary||
||||||performance<br>featuring<br>original music composed||
||||||by Neil Luck and performed<br>with the Arco||
||||||ensemble<br>at three UK venues, Febru<br>2021.||
|Manchester||Metropolitan|||Support for travel by two scholars &om Japan||
|University,|Department|||of|taking part in the translation<br>and presentation|of|
|English Literature,|||Media||arecently discovered<br>'Hiroshima'<br>manuscript||
|and Creative||Writing|||and sonata by Anthony<br>Burgess, at which the||
||||||poem and sonata and wider issues ofart, poetry,||
||||||and war will also be discussed,<br>August 2020||
||||||onwards.||
|McCorry, Mr Simon|||||Support for travel to Japan to rehearse, develop||
||||||and perform a collaborative<br>dance and music||
||||||piece 'The Middle ofNowhere'<br>for the||
||||||Yokohama Dance Collection, leading to||
||||||enhanced<br>links, 2021.||
|McFarland,||Gillian|||Support for the transport ofartwork<br>from||
|(gallery)|||||northern<br>Japan to Scotland, which form part|of|
||||||an exhibition<br>and associated events touring|three|
||||||venues<br>and connecting<br>four artists in each||
||||||count, June to October 2021.||
|Mugen Taiko Dojo|||||Support for aresearch trip to Japan to develop||
||||||online English language<br>teaching materials|to|
||||||widen access to the techniques,<br>history, culture||
||||||and background ofWadaiko Japanese||
||||||drumming,<br>for dissemination<br>as educational||
||||||tools, to widen access, summer 2022.||





|Mynatt, Corinne|Mynatt, Corinne||Support for travel to Japan in spring 2021 in||
|---|---|---|---|---|
||||connection<br>with the publication of'Tools for||
||||Food: Design, History,<br>Culture'<br>(release date||
||||autumn 2021)to produce content for an||
||||exhibition<br>in London, and to document<br>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<br>and two coaches to provide an<br>educational<br>and cultural<br>experience for young||
||||judoka, and to enhance<br>links with Matsumae||
||||Judo Juku and the Tokai University<br>Educational||
||||S stem, 2022,||
|Oxford Brookes||Business|Support for reciprocal trips by academics at||
|School, Oxford Brookes|||Oxford Brookes and Ritsumeikan<br>Universities|to|
|University|||construct a system dynamics<br>model to analyse||
||||Waste Electric and Electronic Equipment<br>in the||
||||UK in light ofthe EU's Sustainable<br>Product||
||||Policy Framework<br>targeting<br>product||
||||obsolescence, March 2021 to 30Ma<br>2022.||
|Peter Kettle RCA|||Support for a visit to Japan by a landscape<br>artist||
||||and a filmmaker<br>to document<br>cultural<br>landmarks||
||||in Japan and create wood-cut portraits ofAinu||
||||communities,<br>resulting<br>in exhibitions<br>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<br>artist duo Visual Brains —Sei||
||||Kazama and Hatsune<br>Otsu to take part in an||
||||event and exhibition<br>in Edinburgh,<br>reuniting||
||||them with the music ofcomposer Toshioki||
||||Matsumura,<br>coinciding<br>with a new record||
||||release featuring<br>aretrospective<br>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<br>in Edinburgh<br>and Glasgow||
||||and to take part in pre-concert talks and||
||||interviews,<br>complementing<br>the RSNO's tour of||
||||Ja an, Februa<br>and March 2021.||
|Southbank|Centre||Support for 'Hiroshi<br>Sugimoto: Time Machine',||
|(Hayward|Gallery)||the first major UK survey ofthis artist and his||
||||first institutional<br>show in Europe in over a||
||||decade, 17February to 3 May 2022 (TBC).||





## 

|Stratford Gallery,|Stratford Gallery,|Stratford Gallery,|The|Support for athree-week<br>visit to Japan by the|
|---|---|---|---|---|
|||||owner and co-founder ofStratford Gallery to|
|||||hold meetings<br>with anumber ofexisting and|
|||||new contemporary<br>ceramic and other artists with|
|||||the intention ofrepresenting<br>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<br>efforts in Adachi|
|and Cultural||Studies||Ward, Tokyo and pursue projects on urban|
|||||desi n, ci<br>brandin,<br>and crime<br>revention.|
|Traditional||Arts||Support for a two-week research trip to explore|
|Development||||synergies<br>between English and Japanese folk|
|||||music and song, focussing on female-led|
|||||musical traditions<br>including<br>upopo singing<br>and|
|||||mukkuri<br>playing<br>by Ainu women in Hokkaido,|
|||||resulting<br>in recordings<br>made ofand with|
|||||performers,<br>apodcast documentary<br>and further|
|||||collaboration,<br>November<br>2020.|
|Ukishima<br>Studio|Sculpture|||Support for travel between the UK and Japan by<br>sculptors<br>Hironori<br>Katagiri and Kate Thomson<br>who will exhibit 24 oftheir stone sculptures<br>in|
|||||the gallery space<br>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<br>on apractice-based|
|||||exploration ofkey performative<br>concepts with|
|||||dancer Reisa Shimojima<br>resulting<br>in 5 short live|
|||||acts in Londonde<br>in Jul<br>2022.|
|University|ofBirmingham,|||Support for reciprocal visits by academics|
|Birmingham||Business||studying<br>bargaining<br>behaviour<br>in an|
|School||||experimental<br>way, in order to further understand|
|||||the role ofsocial k cultural factors in decision|
|||||making<br>in Japan and the UK, leading to|
|||||publications<br>&presentations,<br>March and June|
|||||2021.|
|University|ofBristol,|||Support for travel to Japan by two early career|
|School ofMathematics||||researchers<br>taking part in aworkshop<br>to discuss|
|||||the useful applications<br>ofgeometric<br>data|
|||||analysis,<br>building<br>on arecent Memorandum<br>of|
|||||Understanding<br>between Bristol and the Institute|
|||||ofStatistical Mathematics<br>in Tokyo, and with a|
|||||view to future collaboration,<br>2021 (TBC).|





|University|ofCambridge,|ofCambridge,|Support for an online conference including<br>four|
|---|---|---|---|
|Department|ofPolitics and||Scholars from Keio, Tokyo and Chuo|
|International||Studies,|Universities<br>and National<br>Institute for Defense|
|Forum on|Geopolitics||Studies to take part in Maritime Asia: the|
||||Securitization ofthe China Seas in the 19th to|
||||21st Centuries,<br>a conference ofhistorians<br>and|
||||international<br>relations<br>experts at Cambridge<br>to|
||||examine<br>security concepts, maritime<br>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<br>Trent Universities<br>to|
||||engage in an interdisciplinary<br>research initiative|
||||to co-create artificial pet materials<br>that are|
||||multisensory<br>and tactile, and able to capture date|
||||on interaction,<br>autumn 2021.|
|University|ofEast||Support for travel by historian<br>and writer Susan|
|Anglia, Centre||for|Karen Burton to complete a literary, non-fiction|
|Japanese Studies (Dr|||work on the Welsh community<br>in Japan and on|
|Susan Burton)|||Japanese people who love Welsh culture,|
||||summer 2021.|
|University|ofEast||Support for avisit to Japan by two researchers<br>to|
|London, School ofHealth,|||investigate<br>the physiology<br>and biomechanics<br>of|
|Sport and Bioscience|||Japanese endurance<br>running,<br>leading to a|
||||publication,<br>areturn visit by the Japanese|
||||academics,<br>and future collaboration,<br>May 2021|
||||onwards.|
|University|ofGlasgow,||Support for UK-Japan visits by six poets to|
|School ofCritical Studies|||collaborate<br>in producing<br>original works of|
||||literature<br>for performances<br>touring Tokyo,|
||||Kyoto, Glasgow, London, and Norwich,<br>leading|
||||to stronger artistic and cultural<br>links, online|
||||documentation<br>and a short anthology,<br>October|
||||2021,|
|University|ofManchester,||Support for atwo-week visit to Japan to engage|
|School ofArts, Languages|||in archival research and strategy meetings<br>at|
|and Culture|||institutions<br>including<br>the National Diet Library,|
||||Ritsumeikan,<br>Waseda, Shizuoka and Nihon|
||||Universities<br>related to elderly care and geriatric|
||||science in Japan, 1868-1970s,resulting<br>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<br>and Tokyo Metropolitan||
|||||Universities<br>collaborating<br>on research into motor||
|||||function<br>sensing<br>and rehabilitation<br>for ageing||
|||||people during<br>lockdown,<br>culminating<br>with a||
|||||conference<br>in the UK, summer 2021.||
|University||of|Reading,|Support for travel by academics from Tsukuba||
|School of|Biological|||University<br>tojoin amini-symposiiun<br>at Reading||
|Sciences||||to study social behaviours<br>that are controlled|by|
|||||hormones<br>such as estrogen,<br>with further||
|||||applications<br>for psychology,<br>and resulting<br>in||
|||||publications<br>and further collaboration,<br>spring||
|||||2021.||
|University||of||Support for travel by a group offive comprising||
|Southampton,|||Department|academics<br>and members ofthe Forestry||
|ofGeography|||and|Commission<br>and Forest Research to engage in a||
|Environmental|||Science|workshop<br>at Tokyo University<br>into how forest||
|||||management<br>affects wildlife,<br>water quality<br>and||
|||||invasive<br>species in the UK and Japan, October||
|||||2021 onwards.||
|University||of|York,|Support for travel to the 'Pacific Paratexts'||
|Department||ofEducation||conference<br>—focusing on factual and fictional||
|||||representations<br>ofthe Pacific, and the||
|||||relationship<br>between the West and Japan - to|use|
|||||technology<br>to widen access/participation<br>by||
|||||York Asia Research Network<br>members,||
|||||November 2021.||
|Wagner, Malene||||Support for travel to Japan in spring 2021 by|a|
|||||freelance writer/curator||
|||||completing<br>abook on modern<br>and||
|||||contemporary<br>Japanese prints from the||
|||||1950sto today to ensure the next generation's||
|||||interest in Japanese prints, to be published<br>in||
|||||s rin<br>2022.||
|Woodhouse||Grove School,||Support for a 12-day educational<br>visit by 15||
|Apperley|Bridge|||students<br>and three teachers||
|||||from Woodhouse<br>Grove School to visit their||
|||||partner Teikyo Junior and||
|||||Senior Schools in Kani City, Gifu, leading to||
|||||sustainable<br>links and,||
|||||it is hoped, the introduction<br>ofJapanese to the||
|||||curriculum,<br>October 2022.||
|UK-side total||||||
|Ja an-side||||||





|Creative Arts <br>Committee|Creative Arts <br>Committee|Creative Arts <br>Committee|Executive|Support for travel to Japan by the director of<br>Amici Dance Theatre, and two choreographers||
|---|---|---|---|---|---|
|||||with physical<br>disabilities<br>to hold facilitation<br>and||
|||||mentoring<br>workshops<br>in Tokyo and Kobe, to||
|||||raise the profile ofintegrated<br>dance and to||
|||||nurture<br>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<br>and Oxford||
|||||Universities<br>with aview to enhancing<br>cultural||
|||||and artistic links and future collaboration,||
|||||November 2021.||
|Keio University,||||Support for travel by a Keio academic to||
|Rehabilitation|||Medicine,|collaborate<br>with researchers<br>at Edinburgh<br>and||
|School ofMedicine||||Yokohama National<br>Universities<br>on differences||
|||||in physiotherapy<br>protocols and the application of||
|||||Magnetic Resonance Elastography<br>to measure||
|||||the mechanical<br>ro erties ofmuscle, 2021.||
|Mori Art|Museum|||Support for the installation<br>ofPhyllida Barlow's||
|||||artwork for display<br>in 'Another<br>Energy: Power to||
|||||Continue<br>Challenging<br>- 16Women Artists from||
|||||Around<br>the World', a show ofwork by women||
|||||artists who began their practice from the late||
|||||1950sto 1970s,Mori Art Museum,<br>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<br>Tea Ceremony<br>accompanied<br>by||
|||||classical Ryukyuan<br>music and dance and who||
|||||will provide ahistorical context and hold||
|||||workshops<br>at two venues<br>in London, autumn||
|||||2021 TBC.||
|Okinawan||Utahai||Support for travel to the UK by four musicians|E3,000|
|Committee||||from Okinawa<br>who, for the first time, will hold||
|||||performances<br>ofan Okinawan<br>'Utahai' or||
|||||'concert' with accompanying<br>workshops<br>to||
|||||celebrate modern<br>Okinawan<br>culture<br>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<br>policy for||
|Mitigation||of|Urban|provincial<br>and rural revitalisation<br>in the UK,||
|Cultural|Heritage|||with a comparative<br>view to Japan, in||
|||||collaboration<br>with academics at UCL, LSEand||
|||||Newcastle<br>Universities,<br>s rin<br>2022.||
|Ja an-side||total||||





|The Daiwa Anglo-Japanese|The Daiwa Anglo-Japanese|Foundation|Foundation||
|---|---|---|---|---|
|Notes to the financial<br>statements|||(continued)||
|For the year ended 31March 2021|||||
|Total<br>Small Grants|||||
|Daiwa Foundation|||||
|Awards|||||
|Support was provided for|||||
|the<br>ollowin<br>ro'ects:|||||
|Clare Farrow Studio|||Support for an immersive<br>project by the||
|Project Partners:|||Japanese architect Toshiki Hirano titled||
|International|||'Reinventing<br>Texture', incorporating<br>design,||
|Architectural<br>Education|||music, and sound, which will feature in the||
|Platform,<br>University|of||London Design Biennale as the installation||
|Tokyo; Royal College|of||representing<br>Japan under the theme of||
|Art; London Design|||'Resonance',<br>at Somerset House,<br>1 to 27 June||
|Biennale|||2021.||
|Entelechy Arts|||Support for visits to Coventry<br>by Naoki||
|Project Partner:|||Sugawara<br>and Tomoya Takeda from||
|OiBokkeShi|||OiBokkeShi to develop anew co-production,||
||||'Theatre ofWandering'<br>focusing on dementia||
||||and wandering,<br>to be performed<br>in local streets||
||||and shops in Coventry<br>in August<br>and September||
||||2021.||
|Hiroshima<br>University,<br>Center for Peace<br>Project Partners:<br>University<br>ofGlasgow,<br>University<br>ofKent,<br>Birkbeck College,<br>Universi<br>ofLondon||The|Support for travel to Hiroshima<br>by four<br>academics for athree-day<br>event to consider the<br>physical<br>and psychological<br>impact ofaerial<br>threats, rising belligerence<br>and the impending<br>loss ofthe lived memories ofthe atomic-bomb<br>survivors,<br>June 2021.||
|Imperial<br>College London,|||Support for a collaborative<br>project between||
|Faculty ofMedicine|||Imperial<br>College and Kanazawa<br>University||
|Project Partner:|||which aims to identify the determinants<br>of||
|Kanazawa<br>University,|||hepatitis Bvirus (HBV) replication,<br>with results||
|School ofMedicine|||informing<br>anti-HBV therapies<br>and intervention||
||||strategies, participation<br>in academic conferences||
||||and enhanced<br>links, June to December 2020.||
|Lancaster University|||Support for reciprocal visits by academics|at|
|Management<br>School|||Lancaster and Hitotsubashi<br>Universities<br>to||
|Proj ectPartners:|||cooperate and hold workshops<br>in the field of||
|Hitotsubashi<br>University,|||Design Thinking,<br>leading to enhanced||
|Research Institute of|||innovation<br>success through<br>its practical||
|Economy, Trade and|||application,<br>May and August 2021.||
|Industry<br>(RIETI)|||||





## 

|Loughborough<br>University,|Support for travel to Japan by twelve||
|---|---|---|
|School ofArchitecture,|architecture<br>students<br>from Loughborough||
|Building and Civil|University<br>as part ofan extracurricular||
|Engineering|architectural<br>exchange school comprising||
|Project Partners:|students<br>from Loughborough<br>and five||
|Hiroshima<br>Design Lab at|universities<br>in Japan, that aims to generate||
|Hiroshima<br>Institute of|international<br>collaboration<br>in design and cultural||
|Technology,|exchange,<br>spring and autumn 2021.||
|Kengo Kuma Labs at|||
|Universi<br>ofTo<br>o,|||
|SPUD|Support for travel by a group from spudYOUTH||
|Project Partner:|to visit the result ofa design project involving||
|Daikanyama<br>Teens|teens from Shibuya and the New Forest,||
|Creative|featining<br>model making,<br>drawing,<br>photography,||
||digital media, dance and performance,<br>reflecting||
||the interests ofboth<br>rou<br>s, March 2022.||
|Tohoku Medical and|||
|Pharmaceutical|||
|University,<br>Division of<br>Pathology<br>Project Partner:<br>University<br>ofLeeds, Division of<br>Pathology<br>and Data|Support for scientific collaboration<br>between<br>Tohoku Medical and Pharmaceutical<br>University<br>and the University<br>ofLeeds in the clarification<br>and classification oftumour<br>deposits in<br>colorectal cancer, June 2021 to May 2022.||
|Anal<br>ties|||
|University<br>ofBirmingham,|Support for travel by UK-based Shakespeare||
|Shakespeare<br>Institute|researchers<br>taking part in amajor||
|Project Partner:|interdisciplinary<br>conference on Shakespeare|and|
|Waseda University|translation<br>at Waseda University,<br>September||
||2021 onwards.||
|University<br>ofLeeds,|Support for travel to Japan by three UK-based||
|Faculty ofBiological|researchers to facilitate a long-term<br>collaborative||
|Sciences|research programme<br>in coral demography<br>and||
|Project Partners:|reeftropicalisation<br>in Japan comprising||
|University<br>ofthe Ryukyus,|scientists from the University<br>ofLeeds,||
|Kuroshio Biological|University ofOxford, University<br>ofthe||
|Research Foundation,|Ryukyus,<br>Kuroshio Research Institute,<br>and||
|Kyushu<br>University's|Kochi University,<br>auttnnn 2020.||
|Amakusa<br>Marine|||
|Biological Laboratory|||





|University<br>ofLeeds,||Support for reciprocal visits|by researchers<br>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<br>nitrogen-containing<br>waste plastics|||
|Tohoku University,||to produce high value nitrogen-functionalised|||
|Graduate<br>School of||carbon nanotubes,<br>April 2021 to March 2023.|||
|Environmental<br>Studies|||||
|University<br>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<br>an||
|Project Partners:||exhibition ofwork by graduates<br>from Central|||
|Tokyo University<br>ofthe||Saint Martins<br>and from Tokyo University ofthe|||
|Arts,||Arts, Lethaby Gallery.|||
|Youkobo Art S ace|||||
|Total<br>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'<br>fees|||(23,426)||(23,426)|(20,557)|
|Charitable<br>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<br>Relations|||(42,256)||(42,256)|(44,563)|
|Total charitable<br>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)<br>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<br>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|



