U.S. ‑ JAPAN COUNCIL (JAPAN)
Financial Statements
For the Year from January 1 to December 31, 2022

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 Sheet
As of 12/31/2022

Account Items
Ⅰ124567
89Total Assets
Ⅱ10
1112Ⅲ
13
14
151617Assets
1 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
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

Liabilities
1 Current Liabilities
Other payable
Taxes
Due to USJC(US)
Total Current Liabilities
2 Fixed Liabilities
Total Fixed Liabilities
Total Liabilities
Net Assets
1 Specified Net Assets
Donation
Total Specified Net Assets（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, 2022

As of December 31, 2021

(UNIT:JPY)
VAR

6,589,350
6,589,350

5,927,486
5,927,486

661,864
661,8643,000,000
3,000,000

3,000,000
3,000,000

00577,916
496,720
153,853,655
153,106,709
308,035,000

665,837
493,970
119,542,084
214,471,705
335,173,596‑87,9212,750
34,311,571‑61,364,996‑27,138,596

0
311,035,000

0338,173,596

0‑27,138,596

317,624,350

344,101,082‑26,476,732

5,488,240
1,101,110
0
6,589,350

2,231,713
168,400
3,527,373
5,927,486

3,256,527
932,710‑3,527,373
661,864

06,589,350

05,927,486

0661,864

311,035,000
311,035,000
3,000,000
308,035,000

338,173,596
338,173,596
3,000,000
335,173,596‑27,138,596‑27,138,596
0‑27,138,596

00
311,035,000
317,624,350

00338,173,596
344,101,082

0
0‑27,138,596‑26,476,732

U.S. ‑ Japan Council (Japan)
Net Asset Gain and Loss Calculation Sheets
From January 1, 2022 to December 31, 2022
(UNIT:JPY）
AccountⅠ2022

VAR

2021

Changes in Net Assets1(1)①Operating Activities
Recurring Income
Donation Income
Amount Transferred from Specified Net Assets

(2)
①②2
(1)

264,705,382
264,705,382
264,705,382

131,450,714
131,450,714
131,450,714

133,254,668
133,254,668
133,254,668

Recurring Expenses
Departmental Expenses
Salaries
Legal Social Welfare
Commuting Expenses
Program Implementation Expenses
Contracted Service (USJC‑US)
Supplies Expenses
Printing Expenses
Travel Expenses
Meeting/Event Expenses
Program Consultant
Program Publicity Expenses
Postage/Communication
Website Expenses

252,851,843
50,961,096
12,088,280
734,810130,054,538
17,422,071
1,100,242
1,210
1,453,654
29,325,261
7,380,237
0
1,919,899
410,545

125,342,757
35,262,975
7,781,743
462,686
52,941,807
10,673,952
393,861
62,10642,99805,854,750
10,000,659
1,511,912
353,308

127,509,086
15,698,121
4,306,537
272,124
77,112,731
6,748,119
706,381△ 60,896
1,410,656
29,325,261
1,525,487△ 10,000,659
407,987
57,237Administrative Expenses
Supplies Expenses
Travel Expenses
Depreciation
Printing Expenses
Rental Expenses
Insurance Expenses
Professional
Postage/Communication
Welfare Expenses
Bank Charges
Others11,853,539
76,109819,112620,805441,8482,360,018
493,9704,858,747
597,942
541,554103,290
940,144

6,107,957
222,281
60,525317,531
254,710
1,248,318
338,026
3,247,228
185,991
36,30059,006
138,041

5,745,582△ 146,172
758,587
303,274
187,138
1,111,700
155,944
1,611,519
411,951505,254
44,284802,103

Toal Recurring Expenses
Changes in Recurring Income/Expenses

264,705,382
0

131,450,714
0133,254,668
0

Non Recurring Gain000

Non Recurring Loss
Changes in Non Recurring Gain/Loss

000000Changes in Net Assets

000

Beginning General Net Assets BalanceEnding General Net Assets Balance

000000Changes in Specified Net Assets
Donation Income
Interest Income
Currency Exchange Revaluation
Transfer to General Net Assets
Changes in Specified Net Assets
Beginning Specified Net Assets BalanceEnding Specified Net Assets Balance

220,911,746
13,14916,641,891△ 264,705,382△ 27,138,596
338,173,596
311,035,000

207,434,288
9,898
9,749,160△ 131,450,714
85,742,632
252,430,964
338,173,596

13,477,458
3,251
6,892,731△ 133,254,668△ 112,881,228
85,742,632△ 27,138,596

Ending Net Assets

311,035,000

338,173,596△ 27,138,596

Non‑operating Activities

(2)

ⅡⅢ

U.S. ‑ Japan Council (Japan)
Statement of Activities (by divisions)
From January 1, 2022 to December 31, 2022
(UNIT:JPY）
Public Initiatives

Account
TOMODACHIⅠ
1
2

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
232425

合計

General Education

CommonGrand Total

Changes in Net Assets1(1)①Operating Activities
Recurring Income
Donation Income
Amount Transferred from Specified Net Assets(2)①

Recurring Expenses
Departmental Expenses
Salaries
Legal Social Welfare
Commuting Expenses
Program Implementation Expenses
Contracted Service (USJC‑US)
Supplies Expenses
Printing Expenses
Travel Expenses
Meeting/Event Expenses
Program Consultant
Postage/Communication
Website Expenses②

Administrative expenses
Supplies Expenses
Travel Expenses
Depreciation
Printing Expenses
Rental Expenses
Insurance Expenses
Professional
Postage/Communication
Welfare Expenses
Bank Charges
Others

143,846,655
143,846,655
143,846,655

109,005,188
109,005,188
109,005,188

11,853,539
11,853,539
11,853,539

264,705,382
264,705,382
264,705,382

143,846,655
21,018,475
4,985,709
303,066
109,526,451
4,490,012
880,029
1,210
1,341,002
541,334
0392,380
366,987

109,005,188
29,942,621
7,102,571
431,744
20,528,087
12,932,059
220,213
0
112,652
28,783,927
7,380,237
1,527,519
43,5580000000000000

252,851,843
50,961,096
12,088,280
734,810130,054,538
17,422,071
1,100,242
1,210
1,453,654
29,325,261
7,380,237
1,919,899
410,545000000000000000000000000

11,853,539
76,109819,112620,805441,8482,360,018493,970
4,858,747
597,942
541,554103,290
940,144

11,853,539
76,109819,112620,805441,8482,360,018
493,9704,858,747
597,942
541,554103,290
940,144

143,846,655
0

109,005,188
0

11,853,539
0

264,705,3820Realized Currency Revaluation Gain
Non Recurring Gain

0000000

Non Recurring Loss
Changes in Non Recurring Gain/Loss

00000000

Changes in Net Assets

0000

Beginning General Net Assets BalanceEnding General Net Assets Balance

00000000

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

000000000000000000000

220,911,746
13,14916,641,891△ 264,705,382△ 27,138,596
338,173,596
311,035,000

Ending Net Assets

000

311,035,000

Toal Recurring Expenses
Changes in Recurring Income/Expenses

262(1)

Non‑operating Activities

(2)

2728
2930
313233Ⅱ34 Ⅲ

US‑Japan Council (Japan)
Explanatory notes to the financial statements
As of 12/31/2022
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 theprogram purpose and as the amounts become unrestricted.
（2）Consumption tax
We calculate and account for consumption tax based on tax‑inclusive accounting method.
2．Change of presentation method"Program Consultant" that was included in "Contracted Services (USJC‑US)" of Departmental Expenses and "WelfareExpenses" that was included in "Others" of Administrative Expenses in the previous fiscal year's Net Asset Gainand Loss Calculation Sheets, are posted independently from the current fiscal year due to the increase ofaccounting importance. In order to reflect this change of presentation method, 16,528,702 yen shown in the"Contracted Services (USJC‑US)" of Departmental Expenses in the previous fiscal year's Net Asset Gain and Loss
Calculation Sheets has been reclassified to "Contracted Services (USJC‑US)" of 10,673,952 yen and "Program
Consultant" of 5,854,750 yen. Similarly, 174,341 yen shown in "Others" of Administrative Expenses in theprevious fiscal year's Net Asset Gain and Loss Calculation Sheets has been reclassified to "Others" of 138,041
yen and "Welfare Expenses" of 36,300 yen.

3． 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 assetEquipment
Prepaid insurance
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

665,837
493,970
119,542,084
214,471,705
335,173,596
338,173,596

532,884
496,720
112,855,826
108,069,069
221,954,499
221,954,499

620,805
493,970
78,544,255
169,434,065
249,093,095
249,093,095

577,916
496,720
153,853,655
153,106,709
308,035,000
311,035,000

Ending Balance

4．Breakdown of basic fund and specified fundFollowing sheet shows the breakdown of basic fund and specified fund.
（Unit:Yen）
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 netasset）（amount ofliability）

3,000,000
3,000,000

3,000,000
3,000,000

‑
‑

‑
‑

577,916
496,720
153,853,655
153,106,709
308,035,000
311,035,000

577,916
496,720
153,853,655
153,106,709
308,035,000
311,035,000

‑
‑
‑
‑
‑
‑

‑
‑
‑
‑‑‑

5．Asset subject to lien
N/A
6. 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
accumulatedBook value
depreciation
Equipment
2,961,171
2,383,255
577,916
7．Contingent liability for guaranteed obligation
N/A

8．Breakdown, increase and decrease amount and ending balance of grant
N/A
9. Breakdown of the amount of appropriation from specified net asset to general net asset
Following chart shows the breakdown of the amount 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

264,705,382

Total

264,705,382

10．Detail of internal transaction
N/A
11．Important subsequent event
N/AUS‑Japan Council (Japan)
Supplemental statement
As of 12/31/2022
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, 2022
Balance Sheet Account Item
(Current Assets)
Cash and cash
equivalent

Location, quantity, etc

Intended use, etc

Used as working capital (to beOrdinary Account ‑ Bank of Mitsubishi transferred from MUFG‑ Specific Fund
UFJ (MUFG)(TOMODACHI,General)

Total Current Assets(Fixed Assets)
Basic Funds

6,589,350

6,589,350

Cash and cash
equivalentSavings Account ‑ Bank of Mitsubishi
UFJ (MUFG)

Equity Funds for Koeki Hojin

Equipment

PC

Fixed Net Assets

Prepaid Insurance Prepaid Insurance

Specific Funds(Unit: JPY)
Amount3,000,000

577,916
496,720

General Education
Bank account and cash on hand
Fund

Used for Public Interest Purposes ‑funds to be appropriated to General
Education

153,853,655

TOMODACHI Fund

Used for Public Interest Purposes ‑funds to be appropriated to TOMODACHI
Initiatives

153,106,709

Bank account and cash on hand

Total Specific Funds

308,035,000

Total Fixed Assets
Total Assets(CurrentLiabilities)

311,035,000
317,624,350
Accrued Expenses ‑ Others
Accrued Expenses ‑ Taxes

Accrued Expenses related to TOMODACHI
fund and General Education
Withholding tax and WH Resident tax

5,488,240
1,101,110

Total Current Liabilities

6,589,350

Total Liabilities

6,589,350

Net Assets

311,035,000