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TEIKYO UNIVERSITY OF JAPAN IN DURHAM

Registered charity 1000091 · accounts filings on the Charity Commission register

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Latest income
£1.3m
Latest spending
£1.3m
Registered
1990
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net profit of £147,936 for the year ended 31 March 2024, driven by increased donations and tuition income. However, the charity holds negative unrestricted funds of £1,303,497 and relies on financial support from Teikyo University of Japan and Teikyo Foundation (UK) to meet its day-to-day working capital requirements.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“Despite this, the charitable company aims to hold sufficient liquid funds to meet its day-to-day expenditure requirements. The charitable company had 'Cash at Bank and In Hand' of £544,237 at 31 March 2024”
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“In order to continue operating as a going concern, the charitable company has and will continue to rely on the ongoing financial support from Teikyo University of Japan and Teikyo Foundation (UK).” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Teikyo Foundation (UK) incurred payroll costs of £491,227 and other expenses of £26,143 on behalf of the charity, recharged at cost.
“Teikyo Foundation (UK), a charity under common control which provides a centralised accounting and payroll service for the charitable company, incurred payroll costs of £491,227 (2023: £428,067) and other expenses of £26,143 (2023: £26,347) on behalf of Teikyo University of Japan In Durham Limited. These amounts were recharged at cost.” — page 23
“At 31 March 2024, Teikyo University of Japan In Durham Limited owed Teikyo Foundation (UK) an amount of £1,196,771 (2023: £1,389,978).” — page 23
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The charity owed Teikyo Foundation (UK) £1,196,771.
“Teikyo Foundation (UK), a charity under common control which provides a centralised accounting and payroll service for the charitable company, incurred payroll costs of £491,227 (2023: £428,067) and other expenses of £26,143 (2023: £26,347) on behalf of Teikyo University of Japan In Durham Limited. These amounts were recharged at cost.” — page 23
“At 31 March 2024, Teikyo University of Japan In Durham Limited owed Teikyo Foundation (UK) an amount of £1,196,771 (2023: £1,389,978).” — page 23
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Teikyo University provided donated salary services worth £95,879.
“Teikyo Foundation (UK), a charity under common control which provides a centralised accounting and payroll service for the charitable company, incurred payroll costs of £491,227 (2023: £428,067) and other expenses of £26,143 (2023: £26,347) on behalf of Teikyo University of Japan In Durham Limited. These amounts were recharged at cost.” — page 23
“At 31 March 2024, Teikyo University of Japan In Durham Limited owed Teikyo Foundation (UK) an amount of £1,196,771 (2023: £1,389,978).” — page 23
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The charity generated £92,483 in tuition income from Teikyo University.
“Teikyo Foundation (UK), a charity under common control which provides a centralised accounting and payroll service for the charitable company, incurred payroll costs of £491,227 (2023: £428,067) and other expenses of £26,143 (2023: £26,347) on behalf of Teikyo University of Japan In Durham Limited. These amounts were recharged at cost.” — page 23
“At 31 March 2024, Teikyo University of Japan In Durham Limited owed Teikyo Foundation (UK) an amount of £1,196,771 (2023: £1,389,978).” — page 23
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The charity uses four buildings owned by Teikyo University rent-free.
“Teikyo Foundation (UK), a charity under common control which provides a centralised accounting and payroll service for the charitable company, incurred payroll costs of £491,227 (2023: £428,067) and other expenses of £26,143 (2023: £26,347) on behalf of Teikyo University of Japan In Durham Limited. These amounts were recharged at cost.” — page 23
“At 31 March 2024, Teikyo University of Japan In Durham Limited owed Teikyo Foundation (UK) an amount of £1,196,771 (2023: £1,389,978).” — page 23
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Azets Audit Services. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.3m
Total spending
£1.3m
Reserves (reported)
£0
Employees
22

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Durham · Oxfordshire

Income and spending

Financial year endIncomeSpending
31/03/2025£1.3m£1.3m
31/03/2024£1.2m£1.1m
31/03/2023£902k£873k
31/03/2022£362k£687k
31/03/2021£238k£518k

Common questions

Is TEIKYO UNIVERSITY OF JAPAN IN DURHAM financially healthy?

The accounts state that the charity reported a net profit of £147,936 for the year ended 31 March 2024, driven by increased donations and tuition income. However, the charity holds negative unrestricted funds of £1,303,497 and relies on financial support from Teikyo University of Japan and Teikyo Foundation (UK) to meet its day-to-day working capital requirements. Its FY2024 accounts were audited by Azets Audit Services.