THE JAPANESE SCHOOL LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity's financial position is sound, with unrestricted reserves of £14,288,046 covering 2.3 times its annual expenditure. The trustees confirm adequate resources for going concern and note that reserves have increased significantly due to property revaluations. However, pupil numbers remain 15% below pre-pandemic levels, and the charity plans to reduce reserve levels by 10% over five years to fund facility renovations.
What the accounts disclose
“Current reserves excluding revaluation reserve covers 2.3 times of annual expenditure.” — page 6
“Tokio Marine & Nichido Fire Insurance Co. ltd, a company of which a trustee is a director, provided insurance services for £38,266 (2023: £43,615). During the year, The Japanese School received rental income from trustees £20,187 (2023: £21,600). During the year, The Japanese School received school fees from trustees totalling £2,544 (2023: £2,515). At the year end there was a balance outstanding with a trustee of £5,070 (2023: £Nil) for expenses paid on behalf of the trustee, to be reclaimed within 12 months.”
“Additionally, Canon Europe Ltd, a company which a trustee is a director of, provided equipment rental for £4,887 (2023: £5,684).” — page 32
“Tokio Marine & Nichido Fire Insurance Co. ltd, a company of which a trustee is a director, provided insurance services for £38,266 (2023: £43,615). During the year, The Japanese School received rental income from trustees £20,187 (2023: £21,600). During the year, The Japanese School received school fees from trustees totalling £2,544 (2023: £2,515). At the year end there was a balance outstanding with a trustee of £5,070 (2023: £Nil) for expenses paid on behalf of the trustee, to be reclaimed within 12 months.”
“Additionally, Canon Europe Ltd, a company which a trustee is a director of, provided equipment rental for £4,887 (2023: £5,684).” — page 32
“Tokio Marine & Nichido Fire Insurance Co. ltd, a company of which a trustee is a director, provided insurance services for £38,266 (2023: £43,615). During the year, The Japanese School received rental income from trustees £20,187 (2023: £21,600). During the year, The Japanese School received school fees from trustees totalling £2,544 (2023: £2,515). At the year end there was a balance outstanding with a trustee of £5,070 (2023: £Nil) for expenses paid on behalf of the trustee, to be reclaimed within 12 months.”
“Additionally, Canon Europe Ltd, a company which a trustee is a director of, provided equipment rental for £4,887 (2023: £5,684).” — page 32
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Yukinobu Nakanochair
- Daisuke Mototani
- Hiroki Kurakagi
- Hiroshi Saito
- Jun Otake
- Kazuya Takahiro
- Kiyoshi Nobuta
- Satoshi Nakamura
- Shinichi Yoshihara
- Shoko Ueda
- Tatsuya Hirano
- Tetsuya Shinohara
- Toyohiro Nunosawa
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £4.2m | £4.0m |
| 31/12/2023 | £3.9m | £3.5m |
| 31/12/2022 | £3.6m | £3.3m |
| 31/12/2021 | £2.4m | £2.4m |
| 31/12/2020 | £2.1m | £2.2m |
Common questions
Is THE JAPANESE SCHOOL LIMITED financially healthy?
The accounts state that the charity's financial position is sound, with unrestricted reserves of £14,288,046 covering 2.3 times its annual expenditure. The trustees confirm adequate resources for going concern and note that reserves have increased significantly due to property revaluations. However, pupil numbers remain 15% below pre-pandemic levels, and the charity plans to reduce reserve levels by 10% over five years to fund facility renovations. Its FY2024 accounts were audited by Haslers.