U.S. - JAPAN COUNCIL (JAPAN)
Financial Statements
For the Year from January 1 to December 31, 2020

Table of Content
1) Balance Sheet
2) Net Asset Gain and Loss Calculation Sheet and the detail by divisions3) Explanatory notes
4) Supplemental Statement5) List of Properties

U.S. - Japan Council (Japan)
Balance Sheets
As of 12/31/2020

Account Items
ⅠAsset1 Current Assets
Cash and cash equivalent
Total Current Assets
2 Fixed Assets(1) Basic Funds
Cash and cash equivalent
Total Basic Funds(2) Specific Funds
PC
Prepaid Insurance
Deposits
Cash and cash equivalent-GENERAL Specific Funds
Cash and cash equivalent-TOMODACHI Specific Funds
Total Specific Funds(3) Other Fixed Assets
Total Other Assets
Total Fixed Assets
Total Assets

ⅡⅢLiabilities
1 Current Liabilities
Other payable
W/H Tax
Due to USJC(US)
Total Current Liabilities
2 Fixed Liabilities
Total Fixed Liabilities
Total Liabilities
Net Assets
1 Specified Net Assets
Basic FundTOMODACHI Fund（Apportion to Basic Funds)(Apportion to Specific Funds)
2 General Net Assets（Apportion to Basic Funds)（Apportion to Specific Funds)
Total Net Assets
Total Liabilities and Net Assets

As of December 31, 2020

As of December 31, 2019

(UNIT:JPY)
VAR

6,288,599
6,288,599

57,550,568
57,550,568-51,261,969-51,261,969

3,000,000
3,000,000

3,000,000
3,000,000

00679,514
651,859
034,476,413
213,623,178
249,430,964

1,073,191
511,610
832,000
99,408,273
165,618,002
267,443,076-393,677
140,249-832,000-64,931,860
48,005,176-18,012,112

0
252,430,964

0270,443,076

0-18,012,112

258,719,563

327,993,644-69,274,081

2,592,706
351,635
3,344,258
6,288,599

3,675,691269,000
53,605,877
57,550,568-1,082,985
82,635-50,261,619-51,261,969

0
6,288,599

0
57,550,568

0-51,261,969

252,430,964
252,430,964
3,000,000
249,430,964
000252,430,964
258,719,563

270,443,076
270,443,076
3,000,000
267,443,076
000
270,443,076
327,993,644-18,012,112-18,012,112
0-18,012,112
0
0
0-18,012,112-69,274,081

U.S. - Japan Council (Japan)
Net Asset Gain and Loss Calculation Sheets
From January 1, 2020 To December 31, 2020

Account Items
Ⅰ

12/31/2020

VAR12/31/2019

Change in Net Assets(1)①

Recurring Income
Donation Income
Amount Transferred from Net Assets

(2)
①

②

222,034,969
222,034,969
222,034,969

467,662,759
467,662,759
467,662,759-245,627,790-245,627,790-245,627,790

Recurring Expenses
Departmental Expenses
Salaries Expense
Legal Social Welfare
Commuting Expense
Program Implementation Expenses
Contracted Service (USJC-US)
Outsourcing Costs
Supplies/Merchandise Expense
Printing Expense
Travel Expense
Meeting/Event Expense
Postage/Communication
Homepage expense
Rental Expenseother205,912,144
52,266,374
9,982,656
1,095,127
77,391,298
41,090,273
17,463,734
852,124
240,189
359,483
934,426
312,251
284,3093,639,900
0457,885,892
57,917,761
12,454,950
1,494,716
247,381,243
67,728,467
24,670,287
1,268,613
1,187,691
6,959,487
31,742,172
1,779,371
201,434
3,085,860
13,840-251,973,748-5,651,387-2,472,294-399,589-169,989,945-26,638,194-7,206,553-416,489-947,502-6,600,004-30,807,746-1,467,120
82,875554,040
4,374

Administrative expenses
Supplies Expense
Travel Expense
DepreciationPrinting Expense
Dues/Subs&Entree fee
Rental Expense
Insurance Expenses
Professional
Postage/Communication
Bank Charges
other16,122,825
67,737248,371591,457
314,599
12,2208,479,961
511,610
4,936,034
149,760
103,180
707,896

9,776,867
103,370
1,416,911
335,397
296,880
72,2200530,6226,021,636
252,943
185,332
561,556

6,345,958-35,633-1,168,540
256,060
17,719-60,000
8,479,961-19,012-1,085,602-103,183-82,152
146,340

222,034,969
0

467,662,759
0-245,627,790
0Non Recurring Gain

000Realized Currency Revaluation Loss
Non Recurring Loss
Changes in Non Recurring Gain/Loss

000000Changes in Net Assets

000

Beginning General Net Assets Balance
General Net Assets BB Adjustment
Ending General Net Assets Balance

000000000

Donation Income
Interest Income
Currency Exchange Revaluation
Transfer to General Net Assets
Changes in Net Assets
Beginning Speficied Net Assets BalanceEnding Specified Net Assets Balance

207,647,307
48,420-3,672,870-222,034,969-18,012,112
270,443,076
252,430,964

416,332,663
85,681-1,826,369-467,662,759-53,070,784
323,513,860
270,443,076-208,685,356-37,261-1,846,501
245,627,790
35,058,672-53,070,784-18,012,112

Ending Net Assets

252,430,964

270,443,076-18,012,112

2
(1)
(2)

ⅡⅢ

U.S. - Japan Council (Japan)
Statement of Activities (by divisions)
From January 1, 2020 To December 31, 2020
(UNIT:JPY）
Public Initiatives

Account
TOMODACHI
Ⅰ

合計

General Education

CommonGrand Total

Change in Net Assets
1(1)①Recurring Income
Donation Income
Amount Transferred from Net Assets

165,508,644
165,508,644
165,508,644

40,403,500
40,403,500
40,403,500

16,122,825
16,122,825
16,122,825

222,034,969
222,034,969
222,034,969

165,508,644
31,990,294
6,087,548
673,646
77,391,298
26,265,770
17,463,734
792,616
178,671
333,890
671,823
156,625
284,3093,639,900

40,403,500
20,276,080
3,895,108
421,481
014,824,503
059,50861,51825,593
262,603
155,626
0
00
0
0
0
0
0
0
0
0
0
0
0
0
0

205,912,144
52,266,374
9,982,656
1,095,127
77,391,298
41,090,273
17,463,734
852,124
240,189
359,483
934,426
312,251
284,3093,639,900

0000000000000000000000
0016,122,825
67,737248,371591,457
314,599
12,2208,479,961
511,610
4,936,034
149,760
103,180
707,896

16,122,825
67,737248,371591,457
314,599
12,2208,479,961
511,610
4,936,034
149,760
103,180
707,896

165,508,644
040,403,500
016,122,825
0

222,034,969
0

Non Recurring Gain0000

Non Recurring Loss
Changes in Non Recurring Gain/Loss

00000000(2)①Recurring Expenses
Departmental Expenses
Salaries Expense
Legal Social Welfare
Commuting Expense
Program Implementation Expenses
Contracted Service (USJC-US)
Outsourcing Costs
Supplies/Merchandise Expense
Printing Expense
Travel Expense
Meeting/Event Expense
Postage/Communication
Homepage Expense
Rental Expense②

Administrative expenses
Supplies Expense
Travel Expense
Depreciation
Printing Expense
Dues/Subs&Entree fee
Rental Expense
Insurance Expenses
Professional
Postage/Communication
Bank Charges
Other2(1)(2)

Changes in Net Assets

0000

Beginning General Net Assets Balance
General Net Assets BB Adjustment
Ending General Net Assets Balance

000000000000

Donation Income
Interest Income
Currency Exchange Revaluation
Transfer to General Net Assets
Changes in Net Assets
Beginning Speficied Net Assets BalanceEnding Specified Net Assets Balance

00000000000000207,647,307
48,420-3,672,870-222,034,969-18,012,112
270,443,076
252,430,964

207,647,307
48,420-3,672,870-222,034,969-18,012,112
270,443,076
252,430,964

Ending Net Assets

00

252,430,964

252,430,964

ⅡⅢ

US-Japan Council (Japan)
Explanatory notes to the financial statements
As of 12/31/2020
1．Significant Accounting Policies（1）Donation
Donation are recognized as donation income in the period received in the Net Asset Gain and Loss Calculation Sheet,based on the donor imposed restrictions. In our balance sheet, donation which are received but still restricted by
the donor at the end of the period, are reported and classified as specified fund. Such donation are classified from
specified net asset to general net asset and reported as income upon the achievement of the program purpose and as
the amounts become unrestricted.

（2）Consumption tax
We calculate and account for consumption tax based on tax-inclusive accounting method.
2． Balance of the basic fund and specified fundFollowing sheet shows the balance of the basic fund and specified fund
（Unit:Yen）
Subject
Basic fundCash and cash equivalent
SubtotalSpecified asset
Equipment
Prepaid insurance
Deposits
General Fund
Tomodachi fund
Subtotal
Total

Beginning
Balance

Increase within
the period

Decrease within
the period

3,000,000
3,000,000--

3,000,000
3,000,000

1,073,191
511,610
832,000
99,408,273
165,618,002
267,443,076
270,443,076

197,780
651,859
133,842,937
207,647,307
342,339,883
342,339,883

591,457
511,610
832,000
198,774,797159,642,131
360,351,995
360,351,995

679,514
651,859
34,476,413
213,623,178
249,430,964
252,430,964

Ending Balance

3．Breakdown of basic fund and specified fundFollowing sheet shows the breakdown of basic fund and specified fund.
（単位:円）
Subject
Basic Fund
Cash and cash equivalent
SubtotalSpecified fundEquipment
Prepaid insurance
General Fund
Tomodachi fund
Subtotal
Total

Ending balance（amount ofappropriationfrom specified
net asset ）（amount ofappropriationfrom general net
asset）（amount ofliability）

3,000,000
3,000,000

3,000,000
3,000,000--

679,514
651,859
34,476,413
213,623,178
249,430,964
252,430,964

679,514
651,859
34,476,413
213,623,178
249,430,964
252,430,964--

4．Asset subject to lien
N/A
5. The acquisition cost of fixed asset, amount of accumulated depreciation and the ending balance
Following sheet shows the acquisition cost, amount of accumulated depreciation and the ending balance of the fixed asset（Unit:Yen）
Amount ofAcquisition cost
Book value
accumulated
depreciation
Equipment
1,930,647
1,251,133
679,514
6．Contingent liability for guaranteed obligation
N/A
7．Breakdown, increase and decrease amount and ending balance of the grant
N/A8 Breakdown of the ammount of appropriation from specified net asset to general net asset
Following sheet shows the breakdown of the ammount of appropriation from specified net asset to general net asset（Unit:Yen）
Contents
Amount of value
Ammount of transfer to recurring income
Amount of the income which became unrestricted
upon the achievement of the program purpose

222,034,969

Total

222,034,969

9．Detail of internal transaction
N/A
10．Important subsequent event
N/AUS-Japan Council (Japan)
Supplemental statement
As of 12/31/2020
1．Statement of basic fund and specified asset
We omitted the statement of basic fund and specified fund as those are noted atparagraph 2 “Breakdown of basic fund and specified fund” within explanatory
notes to the financial statements

U.S. - Japan Council (Japan)
List of Properties
As of December 31, 2020
(Unit: JPY)
Balance Sheet Account Item
(Current Assets)
Bank AccountLocation, quantity, etc

Intended use, etc

Ordinary Account - Bank of Mitsubishi
UFG (MUFJ) etc.

Use as working capital (to be transferredfrom MUFG- Specific Fund (TOMODACHI)

Total Current Assets(Fixed Assets)
Basic Funds
Fixed Deposit

Equity Funds for Koeki Hojin
Fixed Net Assets

Prepaid Insurance
Used for General Education Program General Education

34,476,413

Specific Fund - Bank account and cashon handUsed for TOMODACHIfund -funds beappropriatead to TOMODACHI Initiatives

213,623,178
249,430,964
252,430,964

Total Assets

258,719,563
Accrued Expenses
Accrued Expenses - Taxes
Due to USJC(US)

Total Liabilities
Net Assets

679,514

General Education Fund - Bank accontand cash on hand

Total Fixed Assets

Total Current Liabilities

3,000,000

651,859

Total Specific Funds

Specific Funds

6,288,599

6,288,599

PC

Specific Funds

Amount2,592,706
Used for TOMODACHIfund and General
Education

351,635
3,344,258
6,288,599
6,288,599
252,430,964