U.S. ‑ JAPAN COUNCIL (JAPAN)
Financial Statements
For the Year from January 1 to December 31, 2021

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 12/31/2021

Account Items
ⅠAssets
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
Total Assets

ⅡⅢLiabilities
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, 2021

As of December 31, 2020

(UNIT:JPY)
VAR

5,927,486
5,927,486

6,288,599
6,288,599‑361,113‑361,113

3,000,000
3,000,000

3,000,000
3,000,000

00665,837
493,970
119,542,084
214,471,705
335,173,596

679,514
651,859
34,476,413
213,623,178
249,430,964‑13,677‑157,889
85,065,671
848,527
85,742,632

0
338,173,596

0
252,430,964

085,742,632

344,101,082

258,719,563

85,381,519

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

2,592,706
351,635
3,344,258
6,288,599‑360,993‑183,235
183,115‑361,113

05,927,486

0
6,288,599

0‑361,113

338,173,596
338,173,596
3,000,000
335,173,596

252,430,964
252,430,964
3,000,000
249,430,964

85,742,632
85,742,632
085,742,632

0
0338,173,596
344,101,082

00
252,430,964
258,719,563

0085,742,632
85,381,519

U.S. ‑ Japan Council (Japan)
Net Asset Gain and Loss Calculation Sheets
From January 1, 2021 To December 31, 2021
(UNIT:JPY）
Account
Ⅰ

12/31/2021

VAR

12/31/2020

Changes in Net Assets1(1)①Operating Activities
Recurring IncomeDonation Income
Amount Transferred from Specified Net Assets(2)①②2(1)

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

222,034,969
222,034,969
222,034,969△ 90,584,255△ 90,584,255△ 90,584,255

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

125,342,757
35,262,975
7,781,743
462,686
52,941,807
16,528,702
0393,861
62,10642,9980
10,000,659
1,511,912
353,3080

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
934,4260
312,251
284,3093,639,900△ 80,569,387△ 17,003,399△ 2,200,913△ 632,441△ 24,449,491△ 24,561,571△ 17,463,734△ 458,263△ 178,083△ 316,485△ 934,426
10,000,659
1,199,661
68,999△ 3,639,900

Administrative expenses
Supplies Expenses
Travel Expenses
Depreciation
Printing Expenses
Dues/Subs&Entree fee
Rental Expenses
Insurance Expenses
Professional
Postage/Communication
Bank Charges
Others6,107,957
222,281
60,525317,531
254,7100
1,248,318
338,026
3,247,228
185,991
59,006
174,341

16,122,825
67,737248,371591,457
314,599
12,2208,479,961
511,610
4,936,034
149,760
103,180
707,896△ 10,014,868
154,544△ 187,846△ 273,926△ 59,889△ 12,220△ 7,231,643△ 173,584△ 1,688,806
36,231△ 44,174△ 533,555

Toal Recurring Expenses
Changes in Recurring Income/Expenses

131,450,714
0

222,034,969
0353,485,683
0

Non Recurring Gain

000Non 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

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

207,647,307
48,420△ 3,672,870△ 222,034,969△ 18,012,112
270,443,076
252,430,964△ 213,019△ 38,522
13,422,030
90,584,255
103,754,744△ 18,012,112
85,742,632

Ending Net Assets

338,173,596

252,430,964

85,742,632

Non‑operating Activities

(2)

ⅡⅢ

U.S. ‑ Japan Council (Japan)
Statement of Activities (by divisions)
From January 1, 2021 To December 31, 2021
(UNIT:JPY）
Public Initiatives

Account
TOMODACHI
Ⅰ

合計

General Education

CommonGrand Total

Changes in Net Assets
1(1)①

Operating 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 ExpensesContracted Service (USJC‑US)
Supplies Expenses
Printing Expenses
Travel Expenses
Program Publicity Expenses
Postage/Communication
Website Expenses②

Administrative expenses
Supplies Expenses
Travel Expenses
Depreciation
Printing Expenses
Rental Expenses
Insurance Expenses
Professional
Postage/Communication
Bank Charges
Others90,675,041
90,675,041
90,675,041

34,667,716
34,667,716
34,667,716

6,107,957
6,107,957
6,107,957

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

90,675,041
17,573,099
3,877,986
230,577
52,941,807
3,921,836
391,243
62,106
13,06410,000,659
1,329,004
333,660

34,667,716
17,689,876
3,903,757
232,1090
12,606,866
2,618
0
29,9340
182,908
19,64800000000
0000

125,342,757
35,262,975
7,781,743
462,686
52,941,807
16,528,702
393,861
62,10642,99810,000,659
1,511,912
353,308

0000
0
0
0
00
0
000
0
0
0
0
0
00
0
0

6,107,957
222,281
60,525317,531
254,710
1,248,318
338,026
3,247,228
185,991
59,006
174,341

6,107,957
222,281
60,525317,531
254,710
1,248,318
338,026
3,247,228
185,991
59,006
174,341

90,675,041
034,667,716
0

6,107,957
0

131,450,7140

Non Recurring Gain0000

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

00000000000000000000
0207,434,288
9,898
9,749,160△ 131,450,714
85,742,632
252,430,964
338,173,596

Ending Net Assets

000338,173,596

Toal Recurring Expenses
Changes in Recurring Income/Expenses
2(1)Non‑operating Activities

(2)

ⅡⅢ

US‑Japan Council (Japan)
Explanatory notes to the financial statements
As of 12/31/2021
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 equivalentSubtotal
Specified asset
Equipment
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

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

497,640
493,970
137,862,686
69,581,500
208,435,796
208,435,796

511,317651,859
52,797,015
68,732,973
122,693,164
122,693,164

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

Ending Balance

3．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

‑
‑

‑
‑

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

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

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
accumulatedBook value
depreciation
Equipment
2,428,287
1,762,450
665,837
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 chart 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

131,450,714

Total

131,450,714

9．Detail of internal transaction
N/A
10．Important subsequent event
N/AUS‑Japan Council (Japan)
Supplemental statement
As of 12/31/2021
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 December31, 2021
Balance Sheet Account Item
(Current Assets)
Cash and cash
equivalentLocation, quantity, etc

Intended use, etc

Use as working capital (to beOrdinary Account ‑ Bank of Mitsubishi transferred from MUFG‑ Specific Fund
UFJ (MUFG) etc.
(TOMODACHI)

Total Current Assets(Fixed Assets)
Basic Funds(Unit: JPY)
Amount5,927,486

5,927,486

Cash and cashequivalent

Bank of Mitsubishi UFJ (MUFG)

Equity Funds for Koeki Hojin

Equipment

PC

Fixed Net Assets

Prepaid Insurance Prepaid Insurance
General Education
Bank account and cash on hand
Fund

3,000,000

665,837
493,970

Used for General Education Program ‑funds to be appropriated to General
Education

Advance receivable from Tax office

Overpayment of withholding tax

Bank account and cash on hand

Used for TOMODACHI fund ‑funds beappropriated to TOMODACHI Initiatives

Advance receivable from USJC(US)Advance receivable and advanced expenses
to be reimbursed from USJC(US)Advance receivable from Tax office

Overpayment of withholding tax

119,509,592

32,492

Specific Funds
TOMODACHI Fund

Total Specific Funds

206,647,625
7,791,803
32,277335,173,596

Total Fixed Assets

338,173,596

Total Assets(CurrentLiabilities)

344,101,082
Accrued Expenses ‑ Others

Used for TOMODACHIfund and General
Education

Accrued Expenses ‑ Taxes
Due to USJC(US)2,231,713
168,400

Used for General Education

3,527,373

Total Current Liabilities

5,927,486

Total Liabilities

5,927,486

Net Assets

338,173,596