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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|||
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||||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|
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|A.
RECONCILIATION||OF
NET|INCOME|TO|NET|CASH|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|
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|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||
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|||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||
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|||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||
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||||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||
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|||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||
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|||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||
##
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||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|
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||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|
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|||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|
##
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##
||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|
##
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||||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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##
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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|
##
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##
||||||||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|
##
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##
||||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|
##