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RIKKYO SCHOOL IN ENGLAND TRUST

Registered charity 306987 · accounts filings on the Charity Commission register

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Latest income
£7.2m
Latest spending
£7.6m
Registered
1971
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported an operating deficit of £341,514 for the year ended 31 March 2025, following a surplus in the prior year, due to operational restructuring and external financial pressures. Per the trustees' report, the charity holds total unrestricted reserves of £10,499,218 and has adequate resources to continue in operational existence for the foreseeable future. The trustees have implemented cost-saving measures and contingency plans to address challenges such as the introduction of VAT on school fees and currency fluctuations.

What the accounts disclose

Highest-paid employee band: £100,001 - £110,000 — in the top quarter for charities its size (median £78k)
“In the band £100,001 - £110,000” — page 30
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: The Trustees manage and monitor the reserves of the school on a termly basis and review in particular the availability of cash via management accounts and regular cash flow forecasts prepared by the Bursar. The trustees have set a policy of accumulating a cash reserve to ensure that there are sufficient liquid funds available to meet any shortfall arising from short term fluctuations in its income and expenditure operating models and to give sufficient time to take the necessary corrective action. (held: £10.5m)
“The Trustees will continually monitor the cash requirement of the school and work towards increasing the cash holding to the desired level and, in parallel, ensure that borrowings are kept to a minimum.”
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Dr T Okano received £88,000 remuneration, £17,534 pension, £2,037 benefits. Mr T Okuno received £83,000 remuneration, £16,575 pension, £1,434 benefits. Mr M Munechika received £25,706 remuneration. Mr J Sugiyama received £24,726 remuneration.
“As provided from under the Schools Constitution the following Trustees received remuneration for their services, Junichi Sugiyama (President), Minoru Munechika (Deputy President), Toru Okano (Headmaster) and Takuno Okuno (Deputy Headmaster).” — page 11
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Dr T Okano (Headmaster and Trustee) received remuneration of £88,000, pension of £17,534, and benefits of £2,037. All remuneration was paid as Headmaster.
“Dr Okano was appointed as a Trustee on 10 March 2019 and also Headmaster. During the year as Trustee he received remuneration of £88,000 (2024: £84,098), pension of £17,534 (2024: £16,836) and benefits amounting to £2,037 (2024: £1,857). All remuneration was paid to him as Headmaster and not as a Trustee.” — page 31
“Mr Okuno was appointed as a Trustee on 10 March 2019 and also Deputy Headmaster. During his time as Trustee he received remuneration of £83,000 (2024: £79,236), pension of £16,575 (2024: £15,934) and benefits amounting to £1,434 (2024: £1,305). All remuneration was paid to him as Deputy Headmaster and not as a Trustee.” — page 31
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Mr T Okuno (Deputy Headmaster and Trustee) received remuneration of £83,000, pension of £16,575, and benefits of £1,434. All remuneration was paid as Deputy Headmaster.
“Dr Okano was appointed as a Trustee on 10 March 2019 and also Headmaster. During the year as Trustee he received remuneration of £88,000 (2024: £84,098), pension of £17,534 (2024: £16,836) and benefits amounting to £2,037 (2024: £1,857). All remuneration was paid to him as Headmaster and not as a Trustee.” — page 31
“Mr Okuno was appointed as a Trustee on 10 March 2019 and also Deputy Headmaster. During his time as Trustee he received remuneration of £83,000 (2024: £79,236), pension of £16,575 (2024: £15,934) and benefits amounting to £1,434 (2024: £1,305). All remuneration was paid to him as Deputy Headmaster and not as a Trustee.” — page 31
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Mr M Munechika (Trustee) received remuneration of £25,706 for recruitment and public relations roles, and £14,710 for office expenses.
“Dr Okano was appointed as a Trustee on 10 March 2019 and also Headmaster. During the year as Trustee he received remuneration of £88,000 (2024: £84,098), pension of £17,534 (2024: £16,836) and benefits amounting to £2,037 (2024: £1,857). All remuneration was paid to him as Headmaster and not as a Trustee.” — page 31
“Mr Okuno was appointed as a Trustee on 10 March 2019 and also Deputy Headmaster. During his time as Trustee he received remuneration of £83,000 (2024: £79,236), pension of £16,575 (2024: £15,934) and benefits amounting to £1,434 (2024: £1,305). All remuneration was paid to him as Deputy Headmaster and not as a Trustee.” — page 31
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Mr J Sugiyama (Trustee) received remuneration of £24,726, reimbursement of £10,655 for transportation, and £12,431 for general expenditure due to his executive advisory role.
“Dr Okano was appointed as a Trustee on 10 March 2019 and also Headmaster. During the year as Trustee he received remuneration of £88,000 (2024: £84,098), pension of £17,534 (2024: £16,836) and benefits amounting to £2,037 (2024: £1,857). All remuneration was paid to him as Headmaster and not as a Trustee.” — page 31
“Mr Okuno was appointed as a Trustee on 10 March 2019 and also Deputy Headmaster. During his time as Trustee he received remuneration of £83,000 (2024: £79,236), pension of £16,575 (2024: £15,934) and benefits amounting to £1,434 (2024: £1,305). All remuneration was paid to him as Deputy Headmaster and not as a Trustee.” — page 31
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: One UK Trustee received reimbursed expenses of £16,335 for travelling, telephone, health check costs, and professional services.
“Dr Okano was appointed as a Trustee on 10 March 2019 and also Headmaster. During the year as Trustee he received remuneration of £88,000 (2024: £84,098), pension of £17,534 (2024: £16,836) and benefits amounting to £2,037 (2024: £1,857). All remuneration was paid to him as Headmaster and not as a Trustee.” — page 31
“Mr Okuno was appointed as a Trustee on 10 March 2019 and also Deputy Headmaster. During his time as Trustee he received remuneration of £83,000 (2024: £79,236), pension of £16,575 (2024: £15,934) and benefits amounting to £1,434 (2024: £1,305). All remuneration was paid to him as Deputy Headmaster and not as a Trustee.” — page 31
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by RSM UK Audit LLP. Discloses 5 of 6 completeness components.

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

Total income
£7.2m
Total spending
£7.6m
Cost of raising funds
£458k
Reserves (reported)
£10.5m
Employees
100

Reported reserves equal ~16.7 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: West Sussex

Income and spending

Financial year endIncomeSpending
31/03/2025£7.2m£7.6m
31/03/2024£6.9m£6.4m
31/03/2023£6.5m£5.3m
31/03/2022£5.8m£5.1m
31/03/2021£5.1m£4.5m

Common questions

Is RIKKYO SCHOOL IN ENGLAND TRUST financially healthy?

The accounts state that the charity reported an operating deficit of £341,514 for the year ended 31 March 2025, following a surplus in the prior year, due to operational restructuring and external financial pressures. Per the trustees' report, the charity holds total unrestricted reserves of £10,499,218 and has adequate resources to continue in operational existence for the foreseeable future. The trustees have implemented cost-saving measures and contingency plans to address challenges such as the introduction of VAT on school fees and currency fluctuations. Its FY2025 accounts were audited by RSM UK Audit LLP.

What does the highest-paid employee of RIKKYO SCHOOL IN ENGLAND TRUST earn?

Per its FY2025 accounts, the highest-paid employee was in the £100,001 - £110,000 band.