2022-03-31-accounts - Rikkyo School In England Trust

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Charity registered	Charity registered
number		306987
Principal office		Rikkyo School in England
		Guilford Road,
		Rudg wick
		Horsham
		RH12 3BE
Independent	auditors	Wise and Co	Chartered	Accountants
		Wey Court West
		Union Road
		Farnham
		GU9 7PT
Bankers		National Westminister		Bank
		77 High Street
		Godalming
		Surrey
		GU7 1AR
Solicitors		Cumberland	Ellis LLP
		Atrium Court
		15Jockeys Field
		WC1R 4QR
Headmaster		Dr TOkano
Business Manager		M Kurashina

			Unrestricted	Total	Total
			funds	funds	Funds
			2022	2022	2021
		Note	6	6
Income from:
Donations and legacies			178,929	178,929	111,037
Charitable activities			5,506,829	5,506,829	4,780,130
Other trading activities			98,876	98,876	224,812
Investments			617	617	3,528
Total income			5,785,251	5,785,251	5,119,507
Expenditure on:
Charitable activities			5,126,811	5,126,811	4,542,402
Total expenditure			5,126,811	5,126,811	4,542,402
Net movement in	funds before other recognised
gains/(losses)			658,440	658,440	577,105
Other recognised	gains/(losses):
Otherlosses			(144,309)	(144,309)	(182,368)
Net movement in	funds		514,131	514,131	394,737
Reconciliation of	funds:
Total funds brought	forward		8,529,194	8,529,194	8,134,457
Net movement in funds			514,131	514,131	394,737
Total funds carried forward			9,043,325	9,043,325	8,529,194

				AS AT 31	MARCH 2022
				Note		2022f		2021f
Fixed assets
Tangible assets				18		7,719,679		r,gS4,08S
						7,719,679		7,954,085
Current assets
Debtors				19	95,340		157,778
Cash at bank and	in hand				7,863,442		7,138,024
					7,958,782		7,295,802
Creditors: amounts	falling		due within one
year				21	(4,917,160)		(4,718,434)
Net current assets						3,041,622		2,577,368
Total assets less	current		liabilities			10,761,301		10,531,453
Creditors: amounts	falling		due after more
than one year				22				(503,846)
Provisions for liabilities						(1,717,976)		(1,498,413)
Net assets excluding		pension asset				9,043,325		8,529,194
Total net assets						9,043,325		8,529, 194
Charity funds
Restricted funds				25
Unrestricted funds
Designated funds				25	85,865		381,665
General funds				25	8,957,460		8,147,529
Total unrestricted	funds			25		9,043,325		8,529,194
Total funds						9,043,325		8,529,194

A. RECONCILIATION		OF NET	TO	GENERATED	FROM	OPERATING
ACTIVITIES
					2022	2021
					F
Net income					704,463	394,737
Interest received					(617)	(3,528)
Interest paid					12,878	17,653
Depreciation ofproperty,		plant and equipment			388,156	359,351
Loss on disposal offixed		assets			9,619	101,215
Increase in trade and	other receivables				62,438	(37,816)
Increase in trade and	other payables				269,512	(8,718)
(Decrease) Iincrease	in	provisions			126,394	114,962
NET CASH GENERATED FROM OPERATING			ACTIVITIES	1,572,843		937,866

General	Total	Total
fund	funds	funds
2022	2022	2021
6	F	5
178,929	178,929	111,037
111,037	111,037

		General	Total	Total
		fund	funds	funds
		2022 E	2022 6	2021f
Education fees		5,131,316	5,131,316	4,317,807
Entrance fees		182,919	182,919	211,955
Facility fees		104,220	104,220	208,260
Examination	fees	17,756	17,756	23,570
Private lessons		70,618	70,618	18,538
Total 2022		5,506,829	5,506,829	4,780,130
Total2021		4,780,130	4,780,130

		General	Total	Total
		fund	funds	funds
		2022	2022	2021
		E	6	E
Government	grant income			169,782
Otherincome		98,876	98,876	55,030
Total 2022		98,876	98,876	224,812
Total 2021		224,812	224,812

		General	Total	Total
		fund	funds	funds
		2022 6	2022 6	2021f
Investment	income - local cash	617	617	3,528
Total 2021		3,528	3,528

		General	Total	Total
		fund	funds	funds
		2022	2022	2021
		6	6
Auditor remuneration	(note 13)	15,000	15,000	14,400
Accounts preparation		8,274	8,274	8,100
Total 2022		23,274	23,274	22,500
Total 2021		22,500	22,500

			General
			fund	Total	Total
			2022f	2022 E	2021f
Teaching	(note 10)		2,213,630	2,213,630	2,091,485
Welfare	(note	11)	1,074,568	1,074,568	649,218
Establishment		(note 12)	724,770	724,770	645.595
Support	Costs (note 13)		706,027	706,027	758,623
Finance	(note	14)	19,660	19,660	38,022
Depreciation		(note 18)	388,156	388,156	359,358
Total 2022			5,126,811	5,126,811	4,542,402
Total20	21		4,542,402	4,542,402

		General	Total	Total
		fund	funds	funds
		2022	2022	2021
		E	E	E
Salaries and	wages	1,847,697	1,847,697	1,803,072
Japanese pension		33,802	33,802	39,802
UK pensions		135,387	135,387	132,762
Teachers' passages		25,187	25,187	29,469
Agency teacher		3,486	3,486
Education expenses		161,177	161,177	75,913
Photocopying	expenses	6,894	6,894	10,467
Total 2022		2,213,630	2,213,630	2,091,485
Total 2021		2,091,485	2,091,485

				General	Total	Total
				fund	funds	funds
				2022	2022	2021
				F	E
Salaries	and wages -		Household	489,688	489,688	399,632
Employer's		pensions	- Household	9,558	9,558	9,023
Catering	services			466,536	466,536	182,228
Surgery				6,800	6,800	8,693
Miscellaneous				57,818	57,818	25,542
Laundry	and cleaning			44,168	44,168	24,100
Total 2022				1,074,568	1,074,568	649,218
Total 2021				649,218	649,218

		General	Total	Total
		fund	funds	funds
		2022	2022	2021
		F	5	E
Rent, rates and insurance		312,670	312,670	333,976
Light and heat		177,283	177,283	133,420
Repairs and renewals		168,484	168,484	140,838
Upkeep ofgrounds	and gardens	50,980	50,980	32,930
Sewage disposal		15,353	15,353	4,532
Total 2022		724,770	724,770	645,696
Total 2021		645,696	645,696

	General	Total	Total
	fund	funds	funds
	2022	2022	2021
	E	F	8
Salaries and wages	83,563	83,563	79,030
Tokyo salaries	103,415	103,415	118,940
Employers pensions	2,292	2,292	1,997
Staff health insurance	15,523	15,523	18,379
Postage and stationery	49,306	49,306	11,670
Telephone	38,290	38,290	38,578
Motor and travel expenses	18,772	18,772	18,010
Advertising	102,987	102,987	112687
Miscellaneous support expenses	36,259	36,259	33,491
Tokyo office expenses	123,979	123,979	72,987
Legal and professional	50,306	50,306	38,016
Auditors remuneration
Accounting services	56,717	56,717	97,920
Tax advisory			1,300
Statutory audit	15,000	15,000	14,400
Loss on disposal ofassets	9,618	9,618	101,215
Total 2022	706,027	706,027	758,620
Total 2021	758,620	758,620

						Total	Total
					General fund	funds	funds
					2022	2022	2021
					E	E	E
	Bank charges				4,717	4,717	4,177
	Loan interest				12.878	12,878	17,653
	Exchange loss				2,062	2,062	16,192
	Total 2022				19,657	19,657	38,022
	Total 2021				38,022	38,022
15.	Net Income
	This is stated	atter charging:
						2022	2021
						E
	Depreciation	oftangible		fixed assets:
	-owned		by the charity			388,159	353,779
	Auditor's remuneration					15,000	14,400
	Operating lease payment			expense		199,395	199,013

	Activities
	undertaken	Total	Total
	directly	funds	funds
	2022	2022	2021
	E	E	E
Teaching	2,213,630	2,213,630	2,091,485
Welfare	1,074,568	1,074,568	649,218
Establishment	724,770	724,770	545,696
Support Costs	706,027	706,027	758,623
Finance	19,660	19,660	38,022
Depreciation	388,156	388,156	359,358
	5,126,811	5,126,811	4,542,402

Staffcosts
	2022	2021
	E	E
Wages and salaries	2,105,806	2,252,714
Social security costs	282,445	211,388
Pension costs	213,736	183,584
Other costs	19,009	47,848
	2,620,996	2,595,534

		2022	2021
		No.	No.
Teaching - Full	time	26	26
Teaching - Part	time	37	37
Domestic - Full	time	4	4
Domestic - Part time		17	17
Administration	- Full time	4	5
Administration	-Part time	1	1
		89	90

		Long-term
	Freehold	leasehold	Plant and	Motor
	property	property	machinery	vehicles	Total
	E	E	E	E	E
Cost or valuation
At 1 April 2021	14,004,454			128,678	15,215,507
Additions					163,368
Disposals					(44,953)
Transfers between classes	(74,858)	74,858
At 31 March 2022	13,929,596	74,858	1,200,790	128,678	15,333,922
Depreciation
At 1 April 2021	6,429,840		707,552	124,030	7,261,422
Charge for the year	274,497	1,497	110,239	1,923	388,156
On disposals			(35,335)		(35,335)
Transfers between classes	(31,814)	31,814
At 31 March 2022	6,672,523	33,311	782,456	125,953	7,614,243
Net book value
At 31 March 2022	7,257,073	41,547	418,334	2,725	7,719,679
At 31March 2021	7,574,614		374,823	4,648	7,954,085

	2022	2021
	6
Due within one year
Trade debtors	6,855
Other debtors	15,679	8,354
Prepayments and accrued income	72,806	149,424
	95,340	157,778
Cash and Cash Equivalents
	2022	2021
	E
School Current Account		531
School Business Reserve Account	1,013,178	1,354,824
Trustees Business Reserve Account	5,416,446	4,072,257
Expansion & Improvements Business Reserve Account	85,865	381,SSS
Retirement Business Reserve Account	1,219,820	1,181,702
Staff Loan Business Reserve Account	66,318	71,085
Tokyo Office Bank Account	26,596	8,216
Salary Bank Account	421	23,207
Academic Programme Account	34,798	34,538
	7,863,442	7,138,024

		2022	2021
			6
Bank loans			1S7,949
Trade creditors		121,854	82,931
Pension fund loan payable		10,655	10,600
Other creditors		26,866
Accruals and deferred	income	4,757,785	4,45S,954
		4,917,160	4,718,434

			2022	2021
			E	8
As at 1 April			4,142,748	4,101,488
Amounts	released	to SOFA	(4,142,748)	(4,101,488)
Amounts	deferred	in the year as at 31 March	4,492,166	4,142,748
			4,492,166	4,142,748

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Analysis	ofnet assets	between funds - current year
			General	Total
			fund	funds
			2022	2022
			6	E
Tangible	fixed assets		7,719,679	7,719,679
Current assets			7,958,782	7,958,782
Creditors	due within one year		(4,917,160)	(4,917,160)
Provisions	for liabilities	and charges	(1,717,976)	(1,717,976)
Total			9,043,325	9,043,325

Analysis of net assets between funds - prior year
		Total
	General fund	funds
	2021	2021f
Tangible fixed assets	7,954,085	7,954,085
Net current assets	7,295,802	7,295,802
Creditors due within one year	(4,718,434)	(4,718,434)
Creditors due in more than one year	(503,848)	(503,846)
Provisions	(1,498,413)	(1,498,413)
	8,529,194	8,529,194

							2022	2021
							6
	Net income for the year (as per Statement				of Financial Activities)		658,440	577,105
	Adjustments for:
	Depreciation charges						388,156	359,361
	Loss on the sale offixed assets						9,619	101,215
	Decrease/(increase)		in debtors				62,438	(37,816)
	Increase/(decrease)	in creditors					269,512	(8,719)
	Increase in provisions						126,394	114,962
	Interest income						(617)	(3,528)
	Interest paid						12,878	17,653
	Non cash gains and	losses					(53,430)	(182,368)
	Net cash provided by operating			activities			1,473,390	937,865
28.	Analysis ofcash and cash equivalents
							2022 6	2021 f
	Cash in hand						7,863,442	7,138,024
	Total cash and cash equivalents						7,863,442	7,138,024
29.	Analysis ofchanges		in net debt
						At 1 April		At 31 March
						2021	Cash flows	2022
						F	6	E
	Cash at bank and in		hand			7,138,024	725,418	7,863,442
	Debt due within 1 year					(178,549)	167,894	(10,655)
	Debt due after 1 year					(503,846)	503,846
						6,455,629	1,397,158	7,852,787

			2022	2021
			E
Not later than		1 year	134,825	113,8S4
Later than	1 year and not later than 5years		15,259
			150,064	113,884