Charity registration iiuniber 1063952 CompAny registration number 03371038 (EnglAnd And Ivxlcs) THE JAPAN SOCIETY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 THE JAPAN SOCIETY THE JAPAN SOCIETY CONTENTS Page Legal and Adminislrativc Information 'I'riislces' repoTI 811lle1￿cNl of Iriislccs, rc5pon5ibiliticS Iiidcpcildciil niidilnl.% rcport 10- 12 SiiilLmcnl of finunciul Iiclivilics 13- 16 14al&ncc sl)ccl 17 Noles lo Ihc finai)cial slalemenls 18-29 THE JAPAN SOCIETY LEGALAND ADMINISTRATIVE INFORMAI'ION PAlron IIRII The Diik¢ ofGIouc¢51¢r. KG. GCVO. CJCStJ. ssl. fiuBA Pr¢sid¢nl FIE l-lic jap￿¢s¢ Ambassador I'lee Pr¢sid¢n¢5 D&isiikc Mi>lot¥ni Yukiiiobu NAkftno Tom 05boriie Akihiko Takada IloiiorAry I'ice-Pr¢siiltnls SIILII EbihDra HiTohki I'-ujii Haruko l.ukudts OIJE K¢iiLlJi HR)'a$lii .Sudx}'Liki HA)'ashi Yasuiiiasa Na8ainin¢ Yosliiji Nogaini Chri%inplier Ilurvis LFII". Viseoiini 'fr¥n¢hard Koji .1 suriioka l)avid Warreii KCM(i ()ffi¢cri And I'ruilcc5 (11% Al 1 I M#T¢lI 2024) ill r.mn)oii, Cliuirnian Mnnin I laifiill, l)ciTruly Cliainnwi IiToslii Miilsiiiira, Vice Cliaiflllall NIRLI IVLlliiiys. Iloii %olicilor %8iorii Yosliida, Ilon I'reasiircr Su¢ I ludsoii. Iloii l.'dilor Jei)1)> Ivhile. I loi) Ldiloi Stcplici) ljarbcr Yoko l)oclii Tiin14ordiiig Iniiiio 1 lickinboihaiii Ilclcii Maciiaiighiaii YRSLiyiiki Ok￿￿k1 Neil Riley Jiilic Rogers IPeniill¢ Riidlin Clarc IVea%'cr Nick Ivoodford Ric Yoshilakc Chlef Exef utiv¢ and CompAn)' Secretary Dr Michacl Riv¢r4 King Charity number 1063952 Company nuniber 3371038 Prlntipal Aildress 13114 CoTniYall Tcrrace London NIVI 4 QP Au(litors Richard Place l)obson Seryices l.imitcd 1-7 Station Road Crawlcy Wesi Sussex RH10 IFrr page I THf JAPAN SOCIETY TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 -I'lie TTusIc¢5, IVIID also DireLlorb of the Lljarit) lor Ili¢ purposes of tlie Coii)panics A¢1 2006, preseiit ilieir reporl ii'iih Ilie fiiiciiicial slatci)i¢iiis of ilic chÉlTity for ilie year ended 31 Deccinber 2023. Tlie -l-TUStees Iiaiie adoptcd th¢ provisions of accoiinling and r¢porting b), Cliarilic5-. SigtcJn¢nl of liecoii)Ineiidcd Praclicc i?pplirabl¢ lo chAritics prepariiig tlieir accouii15 in accordance iviih the Financial Rcportiiig Siaiidord Applieablc iii tlic UK aiid Kei)uhli¢ of IrclAiid (FRS 1021 (elleclive l January 2020.) S'I'IIUC:'I'UIIE, (:OVbllNANC'.F. ANL'D Ill*lLN'Il(iTr:hlb:h"r l-lic Jnpaii SoLiely is a company limit¢d by guaranlce and as such 15 gOI￿rned by ils Memoraiiduni aiid Arlicles of Association. It is registered cliarily. 1'1ic mLmbcrs ofboard iipho s¢rv¢d duriiig tlic ycar Mrrc.. Marliri Hnifull- l)epiil)' Cliaiminn 14iri)slii Mn151111ra- Vic¢ Ch2itiMai) nloru Yoshida- I loii 'l'rcH511rcr Nigcl IVclliiigs- I loii Solicitor {Rc5igncd ordiiiary Iru$ic¢ and Appoinled Ilon I,'diloT, 8 S¢pl¢n)b¢r 2023) {Appointed 8 %epi¢iiib¢r 2023) Jciiiiy IVlii¢e- Trloii I".dilor Yoko l)o¢lii I,'nin)# I lickiiibothftni (Rcsi8n¢d I l %cpteiiibcr 2023) I Iclcii Ma¢iiouBhiaii Yiiiiiehirn Naknjiiiin Ynsiiyiik'i nka/.aki Ncil Riley JuliL Ilog¢rs (Rcsigiicd 8 S¢pl¢inhcr 202.1) Clarc Wenvcr Nick IVoodfoTd Ilic Yosliiiakc {Appoiiilcd 8 S¢pi¢mber 2023) Aiipoinlnient of Trusl¢ts As scl oiil iii ilie Articlc$ of Association, Ihe boArd ofThc Japaii So¢i¢ly consisls ora Chairinjn, up 10 iiyo Vicc-CliaiTinen, lip lo foiir appoiiiled ofiiccrs, ex ofticio Inistccs (011¢ •(l(lilional Vicc-cliuirnian, Ihc dcpiii), Iiead of niis$ion ai Il)¢ JRpon¢5e r,Iiibassy, aiid 01)e ordinary I ruslcc, a In¢inb¢r ofilic Japaiwsc Eiiibassy) Ivi¢h up lo 20 .1 rnslee5 iii lolal. Vi¢¢ Lhainnen are elccled aiiiiikally by the board froin ihcir nuinEKr. It is also Ihc board ivliicli oppoiiils lh¢ orriLLrs Io LOV¢T Ilic rolcs of solicitor, Ircasurcr. editor aiid librarian. ThcTC IS no iiiaximum terni lo thcsc four api)()iiilincnls, bul Hiiy appoiiitni¢iits sliould be re"confLnM¢d every iliree years. Thc board hos th¢ right but no obligulion lo ￿p￿in1 Vicc-Cli&iniieii, solicilor, Ireisurer, editor and librarian. All oih¢r ni¢mb¢rs of Ihc board l%viih Ihe ex¢eption ofihe ex o(fi¢io Truslees from the r,mbassy) ar¢ ele¢l¢J for a Icmi of Ilirc y¢ars. At thc end of Ilic fir51 lerm, Truslces may sland for rc-rl¢rlion for a second ihrce-ycar lcrni. No on¢ may scrvc as an Ordiiiary Triistcc for more tlian six ¢oiiscrulive yeArs. Ilill Eminolt ii'ill slep doivn at tlie end of 2024, having served as Chairman for six years. Ai the Anniial (icii¢ral Me¢ling in 2024. M1( rtiii Haifull, Tim Ilardiiig, aiid Julie Roger5 I%'ill be slaiiding do1￿1 huviiig ser¥'ed on Ilic board foT six years. Four triistecs, St¢pli¢n Barbcr, Yoko l)ochi, E•mm# Ilickinbotham. and Hclcn Macnaughian iiill bc standing doivn al ihc end of a i1￿ce-Year l¢mi. wilh all cligiblc for ro"cl¢rtion. 'riie board mcc15 Jl regular intcrvals ill order lo provide strategic direclion and to Inonilor and rovicii. tlie Bclivilies of the Socicly. It iiiet four tiines in 2023. Meetings ivcrc PTimarily in.person mccling5 11'ith provision for tnbslees (o join rcmotely ir necessary. 'fh¢ day-to.da>' running of th¢ Soci¢ly il'as Carried oui by ilie p¢rm￿lcnI staff uiider the Icadcrship of Michael Rivera Kiiig. wlio reporis to tlic Chairman and ihe l)oard. Mi¢lia¢l supported by a le￿ll of paid slaff. The activities of tlic Socicly Are organiy.ed by Ihc 0￿1¢¢. Iviih siipport also provid¢d by actii'ily group 5ub.COTnMillees, which mecl on an ad lio¢ ba.sis and ivhosc ni¢n)bcrs arL' voluiileers. JfipaK ipi Yt>iir ClassrooiA volunl¢¢rs support ihc sociely in runiiing our popular school visit programme ivhile oihcr volunl¢¢rs provide support in d¢livering public-facing outreach event4 including thc Japan Malsuri. page 2 THE JAPAN SOCIETY TRUSTF.ES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A i)oJiiii)atioiis coii)Inillee TCI'iCiVS ili¢ skills tlial are Te(iiiiied on Ihe board from time to linic and Ilic succc55ion policy, n)aking i¢coinm¢iidttiions lo the board oil possible futUTe appoinlmciils. l-hc folloiving skills 1 iiiieresls hai'e beeii ideiilified as particiilarly rclcv¢lllt to 'l'lic Japan Sori¢ly ynd urL' rL'pfL'sLnlLd uti ili¢ LUtr¢iit l)odrd.- Ili¢ arls- Ili¥ Jdpaii-r¥'lai¢d busincss coiiiinuiiily- culiiire, acadeinii scliool cdiicalion wid Oillreacli; fundraisiiig. The board in liirii I￿akeS proposals lo tlie Inembers of tlic Society iii adv8nL¢ of the Anniial Cjeneral Meeliiig. 'l-he rccornmendalions for election ai ihc forthcoming Ai)niial Cieneral Meeli118 are dLlailcd iii ilie i?ai)crs for tlic Antiual (reiieral Mccliiig. 'nie role of Ilie board and ihc orgaiii7.alioii's exi)cc11I tioiis of its board llicnibcrs arc disciissed ii'iih nciv'fnistccs prior to their election. PAY Policy The i)ay of sli?ff is rcvicivcd by n r¢niuii¢raiion commillee and nomially increased in accordai)ce ivith average carniiig5. lil vieiv of tlic Iialiire of the cliarily. (h¢ Tnisl¢¢s benchinshrk ogainsl pay levels in oiher similar organizaiions. Remuii¢raiioii is also r¢vi¢ived IVIICTL job dcscripllolls ar¢ ¢huiig¢d signiliLaiiil)'. All'l riislccs give ofilirir linic fr('Lly Ji)d no-l riisie¢ received remuneration in the year. l)elails of Tfuslees, expcnscs and related party Irarisaciictiis ttrc dis¢losed iii iiot¢s I l arid 23 to the accouiils. Illqli MAnR%¢Jiitnt 'I'IIL uiidit, risk> iiiid govcniance commiiiec Iii,hich for the 2023 accounts conipTiSCS Mnrtiii Ilaifull, Clarc Ivcuvcr, aiid Ni¢k IVoodfoTd), llloi)g ivitli tli¢ Hoi)OTOry Tr¥'Asiir¢r, considcT$ Ilic nccoiints niid Ilic pcrfominiicc of tlic auditor5 bcfore Teviciy by Ili¢ cliair niid ili¢ bourd. 'I'lie ¢onimili¢¢ meets al IcR81 thrcc tinics a year niiil reporls to thr boaT(l. 'I'lie.4e repor1% cover Ili¢ iM8jor risks to vliicli Ilic, %o¥iil)' 1$ exposLd arid tlie sysleiiis establislied io niitigale iliis risk. A Kisk Managcnicni Ilcgislcr is niniiilAiiicd Iiiid liiriTi&lly rLViCIVLd hy IIIL boArd. ()11.I*:C:-I'IVTr;Si AND IlC'.-I'IVI'I'II* 'riic Socicly's 01)jccls as statcd iii lis Mcinoroiiduiii ofAsso¢ialion arc: lo proniolL leariiiiig aiid Rdy Alicc cduc&tioM in Ilic subjerl of 4nd wilh ￿&￿Id lo Jopin. lo proiiiolc Ilic sliidy ofJllp&ii pn41 ils p¢opl¢ ii) nll their nspccls, Iradiliniial and modcni, nnd io Innkc IIIC TC811118 nf siich 41iidy nior¢ acccssible lo Ihe general public; lo prniiiotc (lie study of 14rilAlli oiid ils ¢uliure by Japancsc [￿Ople and to flirt1￿r educatioiial cxcliaiiges bclivceii IJTilaiii Riid Jopaii. R¢i,l¢w of Ilclii'ifios TIIL btsArd rcgiilnrl), reviews the sociely's aclivilies lo ¢n$iire ihal ils k¢y objc¢liv¢s hr¢ boii)g in¢¢ os iv¢ll As lo ¢oiifiriii Ilicir coiiliiiiiiiig relcvnnce. 'l-Iie 'l'Tuslees are mindfiil of lh¢ Chnrit). Commissioii giiidance on piiblic benelit Rll(I consider iliis i%,Iieii revieiviiig ihe Sociely's AcliYiiie.8 diiriiig th¢ )'c8r and in plaiiiiing fulure charilable Aclivilies. b) 'I'he vision Ihat drives Ihe socicly's Anniial progr&rnin¢ of a¢iiviiy is IIK ¢nhon¢ein¢ni of unfl¢rslgn41in¥ of Japaiicse lifc And culture and of liiiks bcliircii tlic UK Riid Japan. I'liis infomis 011 ar¢'as of Ihc progrAmme. ivhcihcr direct school-foc115ed cdiicalioii iiiilialives; leclur¢s and seiniiiars for ilic gciicral public ￿ld busiiicss Icadcrs. ci'ciils iiilroduciiig aspccls of ilic culiurc or hoih countries. opporiuiiilics for people to iiieel iii niore iiifornial 5elting.s; our co1￿1￿￿1?1¢a(ions ii'ork for i)ieinb¢rs aiid tlic broadcr piiblic; or ihe provision olsniall graniy or other siipporl ofJapon-rc141ed proj¢¢is that arc or8aiiixed by oihers. In tliis contexi. the 8oci¢ty Siriv¢s io ¢nsure thai a significant element of ils activily is accessible to ali audieiice bcyoiid ils Incinbcrship. MJny cvcnt5 arc open to non-members, ￿'hIle Ihe schools ediication programmc and ihc small gTalltS 5cIIciii cxt¢nd (Iuou8lioul Ihc UK. Ileilucril niembership feLS for stiidLnls diid 1110SL IiiidLr 25 yLars uf dgL" dr¢ scl iii vrd¢r (o riiLu41rllgL Participation b). Ilie Iicxl gcncTatioii, iylio ivill iakc lh¢ UK-Japai) r¢laiioiiship fonyard in ihe coinii)g years. IICIIIEVEMLN'I'S AND Pb.IlbOlllI IANC.E Tlic Jayaii Socicty staty are orgaiiised into 1¢21ns. spanning education, evcnls, n)enibcrsliip wid partncisliips, coiiiiiiuiiicatioiis aiid publication$, and adminislrnlion. Thc Japan Society appoinled a neiv Chief Execulive, Dr Michael Rivera King. in June 2023. The Society is profoundly grateful to companies and individuals ivho support it in Tealising ils mission. The5c partncrs shaw ils bclicf in Ilie iiiiporlance of promoting # good mulual ￿nderStandi118 betiiten the UK and Jttpwi. 'LThis fiiiajicial s15pporl is esseiitial for ihe Society lo realise ils objectives and alloivs it lo cnsurc ihat PTice is not a barricr lo p¢opl¢ ivi5hing lo ¢¥Jgage. 'I'h¢ ITiajori(y of Ili¢ .8(Jeiely's sehools educ&tioii seThices are provided free of charge- menibership of the Society is iiot a prerequisile to iisiiig these 5crviccs. Furth¢r, anyoii¢ may join the Soriety's Inailing list lo leom mor¢ aboul Japan aiid m81)y evenls ar¢ open lo non-m¢mb¢ts 41 no or lo%v cost. page 3 THI JAPAN SOCIETY TRUSTFES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Thc Socicty pau5cd ils siiiall grants progrwniTr)c in 2023 for budgetary. reasons. The Society hopes il ii'ill be possible to reslarl il duiiiig 2024 as it is ali iinportaiil of siipporting ei'ents orgaiiized b), otliers ii'liicli 11TC in fiirtlierAliCC of Ihe Socicty's objcclivcs and H,Iiicli provid¢ opporttkiiilics for iiciv aiidicnc¢5 across Ihc UK io gaiii ￿￿dersta11ding of Japan. EdueAtion The educalioii prograinm¢ has beeii d¢velop¢d out of a b¢li¢f in Ihe v)lu¢ lo youiig peopl¢ iii ili¢ UK of 8Toiviiig lip ii'iili ali R%%'areiiess and iiiidcrslaiidiiig of Jap￿1 arid ils culiure. In addition to histoiical 21)d busiiiess re2soiis for leaniiiig tsboul a kcy iiileriiiilioiial parliier. Iliere are Iiiore general beiiefils of broadeniiig horizons aiid raisiiig ftspiralions. 'l-liroiigli ils Acliviiics lor scliools, tlic 8ocicty siiiiiiorts teacliers ii,lio Iiiay liaye liii)itcd cxsjcrieiicc ofJai)aii 1liciii.￿IVc.S iii i)roi'idiiiB tl)cse 01)Iinrluiiilie.s for Ilicir sliidci)ls. A¢iivilic.s iii 2023 iiicluded.. .8ixili-forin Dn>, Dc.%criplion- A frcc on¢.day course, dcsigncd io give $ixili.form sludcnls an insight into Jai)an il)roiigli lecluTe.4 and prilcticnl i%'orkshops. II?IP¢icI'. 110stcd b). SOAS, Uiiii'cr$ily of London, rtiid iii collaboralion iviih Ritsiiincikaii lJiiii'crsil}, Ilic ci'ciii had 127 iiciidees froiii 28 diif¢ieiil sclioo15. 11.itli rcpres¢ii¢alioii (Toin 13 uiiiyersilic5. Ihc Japuiicsc I',IiibclSSy, und ilic 11 oiiiidalion. Nul¢.' 111 2024 111¢ fo¢us ivill shift fro1￿ 'exp¢rieii¢e Japanese culiur¥ lo 'Siud}'iiig Japaiiese al iiniversily aiid %iih$LIiii¢iii Li2r¢cr Pciihs,. Japaii Iii Yoiir classr1￿1n Dcscriplioii.. Japuiicsc voluiilccrs Yisil priiiiary and s¢coiidar)' sclh)ols lo iiilrodu¢¢ ospc¢ls ol'Japttii¢sc lifc aiid ¢uliur¢ lid 51iur¢ Jap¢2ll"r¥'llll¢d skill5. Iinpacl.. Visit5 10 20 schools Acr055 Ilic IJK. 9 for ilir lirsi iimc, rcficliiiig 1,350 $lud¢nls. leslimnriiAIs'. 'Th¢ ¢hildicn cnjoycd th¢ s¢ssions wilh I1￿ ori8anii And cAlli8rapliy acliviti¢s v¢ry niucli. 'l-Iiey 118d bccii r¢a(liiig Keiisiikc's Kii)g(loni aiid ￿￿r¢ fns¥iiialcil b), tli¢ ciiliiir¢. li il'as a gr¢fvt opportiiiiil), for ili¢i)I lo ILarii rroin expert.4 like yoii Èiboul Ihc history. lai)8iia8e. and culiure hcforc ii'c slarl oiir project 011 JnplL 11 iicxl Icrii). 'I'lionk yoii so so Iniich again for siich a sensalional scssioii Iliis anemiii)ii! 'I'lic childrci? Icftriil s() i)iiiLh and ohvioiisly had the bcst time. They loved ihc JAPAI)csc numbers Aclii'il). ftiid arc very cxcilcd aboiil starting Ili¢ir JRpAn lopic Aiid IcATiiiiig from yoiir activily cliesl rcsoiircesll 'Thc scssioii )'oii delii'cred was cxtrcmely eiigaging And infoniialivc. 'l-hc cliildrcit lefimt n grchl denl aii(I apprccialed seeiiig sonic real itcnis ol'J&pai)csc ciiliiire, siich as IIIL clothing. .1 lie 411i/.7£s ii'Lre H xrcdl i(leA ftiid Iiiglily Iiiotivalioiial. Tlic childrcii ciijoycd Ihc ori8aiiii aiid iiinny w'cre deli8lilcd lo take IioiTlC IIICIT 'Iicliiiels' lo slioiv fftiiiily. I'liaiik you for ii)aiia8ing ihe cliildreii so professioiially ai)d keepiiig Ilieiii 011 IL8k aiid CAgcr to leam Inore11 Lofin Ilesources Ikscriplion.. I'r¢¢ s¢h¢m¢ providing loons of ¢uliiirAI il¢ms and artefacls to schools lo siipporl leaching abolit Japaii in the classrooi)i. Inipacl.. 1.his reached 28 schools and orgAnisalions across ihc UK. 22 for ihc firsl limc, approxinilltcly 4.000 51ud¢iils. 'llJis %%'as R large iiicrease froni 2022. Doivn102dable Resources for Teachers Descriplioii.. Free online lesson resources and aclivilies aYailabl¢ to all io mak¢ leachiiig about Japan acccssible. Iinpacl- Iii the 2023 calcndar year. Ihese resources ivere doiiiiloaded 1,750 liincs froin TF.S (Ilie Tiihe.% Educalioii Suppleii)ent), reachiiig oi'er 52,500 sludents, in addttion lo doiviiloads froin Ihc Socicty's ivcb5ilc. Teaclier Traii)iiig Courses Description.. Various tcachcr training programs aim¢d al f&eilitalin8 eduealors intmducing Japhii to their classrooins. Iiiipacl.. Iliglilighis of 2023 in¢lud¢ a six-Iv¢ek Soroban cO￿tSe for leachers. inlroducing how lo use it in ihe classTOOIII. Jnpan Youtli Collecliye Dcscriplion.. Inilialive for 16.19 year olds ivho i%'ould oihenvisc not bc able lo access progrniiiiiiing like tliis lo discover mor¢ aboui Japan, tncct ii¢w people, learn neil. skills and iiyjrk on a filial ei'enl to inspire otheTS. Impael.. There M'ere I I sessions in 2023, working willi Taiko drummer5. Yosakoi dancer5. and Shamiscn Miii'yo pcrformers. iinded by Japan House l.ondon Tru51 and tho cl￿al Brilish Sasakal￿ llloundalion page 4 THE JAPAN SOCIETY TRUSTF.FS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 T¢siinioniJls'. .1 really loved doing these aclivitics thai I'd Fjevcr be abl¢ lo lakc pth in iipitlioui JYL. bor exAJiiple, IhL suslii niakiilg i¥vrkshop ivas 50 fun and eng￿l8111&, e%pccially becau%e I'd never nf Iiad the opporliiiiily io take pan oilienvis¢. I'i'c loi'cd nicctiiig n¢ii' pcople and hav¢ 4¢lually inel up i¥'iih.some oiilside of s¢ssioris. I fLLI coiifidci)t and heard ivithiii the sessions ii'hich I really value. Overall. I'l'¢ lov¢d ill" '1 liked learniiig about hoiv Japanesc stcrcolype5 arc porlraycd in th¢ medi4 and hoiv il ditr¢rs from hoiv Ilic majoril), ofpeople live., '1￿ less ¢1fraid lo tli Ik to pcopl¢ I don'l usuall), speak 10. With JYC. I have noti¢ed that I slutter les5 as I rc¢l morc confidei)t And coinfortable be£au%c I kiioiv thal inj, opinioii is bciiig IIcArd aiid uiid¢rsiood.' Ilaikii Conicsl l)¢s¢riptioii: I'IIL Society nins JAL Foiindation's bi-annual Hoiku coni¢Sl for Ihe UK. W¢ pronioted iliis in 2023 IOT jiidgiiig iii 2024. InipaLI: Oi'Lr 800 Liilrics from 46 sYlioo15 oiid over 21)0 iiidii'iduals. up from 32 ￿hoolS aiid 140 iiidividiiAIs. .Yprcss Yoiirsell'2023 (N(Irih-l.'asl fLslival of Laiig41ag¢5 wid Ciiliiir¢l Dcscriplioii.. .%upporliiig an online evciii celebrating Iwiguag¢s and ¢uliur¢s in Norih r.osi I".iiglaiid aiid ils ¢oiiiieclioiis iyiih ihL Mwrld. IIMI)aLI: 50 rLgi$lralions. froii) 34 schools. 3 ¢ominuiiil)' groups, aiid 13 iiidividuals, reachin8 1,020 sliidciils. Ilic iiiajorily iiciy lo Japaii. l>roj¢¥ls liiii(ILd t)y ft grAnl lioni'l'lie LrsibA5sy ofJ#paii Impmct.. 111 2021 boiiglil iiciv cNlligraphy e(Iiiipmeni for ih¢ Iwn w$tsiir¢¢s, dev¢lopcd new video resoiirccs, #nil Iluivnluiid#blL fLwiifLC% lor teaLlILrs. li v¢nl$ 'I'lic StsLiety hcld 75 cvciils iii 2023, atlcndcd by ov¢f 45.000 penpl¢. nf Ih¢se ¢vciil4. SO iverc Iield iii.pcrsoii lyiili 25 01)liiic. I'lie ¥*vLiil% prii¥r#ii)niL was divi¢JL(l iiilu IliusL foiused oil Arls #lid Lullii￿.,[I1J$iiIeS$, l.if¢siylc, aiid.Sp¢¢iol Lvciils. Iii Addilioi), I4'e IILld oiir Inoiitlil), Icctiirc scric8, filin cliib, ￿0k club. I',inally. our bilingual piiblic s￿￿king club Mild Japnncsc Coiivcrsalioii (iroup Iliriveil. Collnborators incliidcd The r.mba$8}' of Jfipnji. UK-JnpRn 2 1st Ceiilury Group* Noniuia, l)eloille. JCCI IJK, IIDO, Asia So¢iciy Jhpaii, l.oii(lon Iliisin¢ss S¢liool. Jnpan 400, Ila)'Ivar(I Cjallery. Thc Prince Akaioki Iloiel. Ivillis Toivcr Ivaisoii. and Japaii Lxcliaiige Groiip. Aiii(Triig Ilic giicsl spcDkcrs iii Ili¢ fiTsI qutsrler (?r Ilic year i%'crc IIE Julia Loi)gboiloin CM(i, ]Jrilisli Aiiibi755odoT lo Jnpftii, wlio us¢il Ili¢ Aiiibn5s8dor's Jni)ual l¢clur¢ l() bricf on ihc slalc of UK Japaii rclatioiis, Yuriko Koikc, tiovcriior of Tokyo. Ivlio si)oke on 'l-h¥ Lily iTrf Tok)'o as a finanLi#I &iid l oiirisi Centre. Riid Sir Paul Tucker. fonner l)epuly Cjoi'emor of lh¢ Il#iik of r.ngland, Ivlio spokL on OpLrAlin8 in h Time of (ilobol Discord. liglili8lils iii ilie secoiid qilUTler in¥lud¢d Ilimmi YAm#ji. ofjapnn l."xcliange Group, Ivho spoke oil Addres5iiig Ilie ChAlleiiges for lh¢ JapaiicsL r'.coiiomy, our inniial golf lourttan)ent, and joiiiing Ihe Inslilule of Direclors for a Jupun-UK Symposium Cclcbraliiig Ili¢ 150 ycthrs ol. liyakiittt Missioii. The siiiiinicr ¥aw tlic r¢tUTli of Th¢ JoP8n¢se Ciarden Communily Day in Ilammcrsmiili. a Prii'atc .1 our iviili Professor Sii?ion Kaiier of Stoiiclicng¢ aiid tlieir iYond¢rful exliibilion on Joinon sloiic circles iii Japan, wid our Aniiual Geiicral Meetiiig, kiiidly Ilosied by Ili¢ illbassy ofJ&pan. Trolloii'ing a piiiise in in-person acliviiies du¢ (o Covid the JApan Matsuri had a triumpliwhl relurn lo I'rafalgar Square this >'eBr in the biggest aiid Inosl 5UCC¢S5ful Qvoiii io datc. Uiidcr the umbrella of ihe Japaii MalsuTi COI)Ipaiiy, tl)e Sakura Cherry Tree project LviiliiiuL.d 115 a¢livilics, iyiih sonle 8,000 Iiees Iiaviiig beeii planted io dale iii publi¢ parks and gardeiis. as well as Schools aiid uiiivcrsilic5. other Iiighliglils of ilie eiid of ilie year includcd a joinl-lunch iviih ihc Japaiicsc Chambcr of CoJiim¢rc¢ and liiduslry Iviih Lord Mayor Professor Michoel Maiiiclli as gu¢st of honour. Dr Toniohiko Tani8uchi speakin8 on Japaii in th¢ World 'loday aiid Toimorrow, and the anniial Collar Cup goif¢otnpetLttoii against ihe JCCI. TIIC yfi?r closed with a ¥vonderful Christmas party, generoiisly 1105ted by knnbas5Rdor Hayashi at Tlie Japoncsc Einba5sy, #lid a confer¢nc¢ revi¢i%'ing The first Period of Japan-Brilis11 1)arlncrship 1600-1623. Sp¢akcTS includcd Sir Tin) Hil¢hens, KCVO CMCJ. The Rt I lon Greg Clark MP, and Sir David Ivarrcn KCMG. Culiural ivorksliops thmu8hoiii ihe year iiicluded A Neiy Year's Calligraphy Workshop iyiih Yoko Takenami. a 5uI)per cliib at Tlic Prince AkRloki, and a Ivoodblock Printing IVork5hop ivith Iliroko Imada. Ivc also licld privalc vicu'iiigs ￿ld tours, including of the Hiroshi Sugiiiioto exliibilion at th¢ Elayivard Gallery, Enteri118 ihe Halls of the Chi>oda Palace at the Japanese Gttllery, And Eiiso.. co1￿11)g Full Circlc, Iviih El¢na Gileva at the Wliite Conduit Project. Other cultural hiEhlighis included an online lecttire from Dr L¢iia Fritsch on Japanese photography since 1945 and a pre-perfomiance talk on Coiitcmporary Ainu Lifc and Music by OKI. pag¢ 5 THF JAPAN sOCI￿Ty TRUSTEES, RY.PORT (CONTINUED) FOR THE YEAR ENDED 31 DEC'EMBER 21123 Sinallcr, off Ilic record meetings ii'ere h¢ld for major p#rtneT8 of ihe Sociei),. These ¢i'¢iiis IlTovid¢d opporluiiilies for ihose involved in b11511JCs5 aiid govcriiiiiLiiI to 8liATe iileAS aiid iiifori)IRIioTI. I)iiriiig ?.02.1 ihcsc fcattircd: Julia l.oiigh(iitoni (.'M(y, ii,ho joiiicil iiicinljers lor a di1￿ler lollo%Yin8 h¢r le¢iure' and JOI￿ Noble, Dircctor at Ihe Njlional C},￿r Security Cenlrc. Japaii Macro Salon.. ljill Liiimolt ii'iih Jesper Koll, iii associatioii wilh Asia Sociel), Japan l O Jon Japon Macro Salon- Iviih Jesper Koll 6 ApT Jii Ili?11 IMAcro Saloii- Iviili Jes￿[ Koll wid Nobiikatsu Kaiiehara 5 Jill Japaii MIlCTD Si¢ loii- i%'iili Jesper Koll aiid 'l'akako I likolwii 2 ()¢1 JJi)aii Macro %aloii- Ivitli je.51￿r Koll arid Oki Maisuinolo Li¢¢iiri SCTie 2R 8cp The l.asl Riiig Hoine. Piliii ScrcciiiJ78, Talk and Ilook Sigiiiiig. MiJii¢r Dial ai Japaii RIH)In, lThc l.reciiiasoiis' 11811 30 1)cl Ldiicntioii iii Japaii.. Siill 01) '] op of Ilic Ivorld? Pctcr Cai'c. ai ihc Siitd¢iiboTg Socicl). 20 Nov l>orogoiis ii) Priiil.. r.xeinpl8ry IVoin¢ii iii I",do Japaii. Mary. Rcdfcrii. al ilie .41i'c(Iciihorg Sn¢icly 12 1)ec -I'lie l)oiiblc .1 iycltlli ConferLll¢¢. I'hc l irsi l)erioil ofJapaii-Dritish Partiicrsliip 1600.1623. lil a550¢ialioii willi Jnpaii400 al Ihe I,'Ii)ba5sy ofjapaii I'li¢ %iiiall (ir￿711¢S l)rogrnni iVA.s phuscd in 2023. W¢ hop¢ to r¢51arl aclivilics in 2024. (.'oniiiiiinicAlton an(1 Pul)licAlion$ I'lic i%'eli$ile ii lid regiilar ClnAiI nniÉ¢es coniiniied to bc iinportAnt tools for colli1￿￿nicaling infomiHtion Abi)ut Ilie S(ILicly #lid it activitiC5. Along8ide facclM)ok I'ivillLr ivc coiiliiiiicd lo develop our social m¢dia pre￿￿¢¢ iviih acliyc accniii)l$ iii Ii)8la8fAIIi aii(I l.inkc(Iln, RS ivclj as YoiiTiib¢. Ivc fiiiali.8in8 a 'l.ockdoiYn Y¢8rs' Spccial edilion of ihe procttdiiigs, covcring 2020-2022, Hiid piiblislicd Ilircc 'Jllp#i1 S()LILIy Ilcvi¢iYy' in 2023 iyiih Around 20 i¢views. Ai Ilie Te(iiiesl ofilie Impcrifil I loiiscliold A8¢ncy. we are repilblishii￿ Lmpcror Naniliilo's boOk.TI￿-1-hllnic5 aiid l.. A Mcnioirofi'ivo Ycars at Oxford, iii a privalc cdilinii. FinAnciAI Ilcvieiv 111 2023 tli¢ .4o¢icly shoii'ed a siirpliis of £21,885. During the year individual aiid corporalc meinbcr8 conlinu¢d lo providc iiivnliiHblc siipport tliroiigli Ilic Iiiglicr-level giviiig sclicinc both for I1￿ 8¢ii¢ral Inissioii aiid for Ilie schools education i)ro818iiiin¢. 'l-lic folloivii?g ¢oriipani¢8 Hn(I Iiave givcn support Icvcl al)ove Ihal of r¢giilar membersliip {ii)iniii)Iiiii aiiiouiils for eii cli level Arc given in bra¢kcts)'. page 6 THF JAPAN SOCIETY TRUSTEI ES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 LoiiipRiiies Presiiltnt's Cirtle (£2S,000) CDrpor4lc Donor (£2.000) Allen & Ovet), l.LP BDO LLP *L¢ntral Japan Railiyay Company *(ireenback Alll]) LLP Japaii Airliiies Co Lid 'K' l.iiie (r.Iiroi)¢) l.ld Milsiibislii I lea￿ Industries r.urop¢ Principal Ilenefa¢tor (£1,000 +) Steplieii aiid Kiiiiiko Barber Mtdoriko Nakajiiila aiid Martin O'Neil Akihiro Tsu¢liiya Mitsiibislii Corporalion tmknnBroJKh Milsui & Co r.urope PIC Noii)ur& Itit¥riialioiial PIC Platlnum Circle {£17,%00) lio¢liu Liiroi)c Pl¢ Siiiitory l.'Iirott Liriiitcd ]Jentfaitor (£SOO) Marlin aiid Noriko BarTOiV Miisili 8umiiomo Insurance GTOIIP *NLL (I:Iiropc) L NIT I)ath UK Oul-SiiurLing IIicoTporaled IIK PIVL S¢n'icc8 Lid Ilicoh ILurop¢l pl Sonipo Japwi Iiisurancc Inc 'rokio Morinc IICC Principal A)onor (£2£0) J8inLs Noble Ci¢oflrcy l)aull C.'IIAlrinMnTrs Clr¢l¢ l£lO,000) *Cliiigai IhliaTiiia l.'IlTOPC Lid Milsiibishi urJ i.'inin¢ial Groiip l)Al'id P(i%%'¢'rs ChrisiopliL¥r and Phillida l)IlTVIS Larry StOl1¢ Adriaii TIIoTpe K¢iil Ywiiada l.'orporAte Palroii {£7,fj00) *L Thiioii I",iiropc l.td ,1 I r1151 & Yoiiiig LLI) Mpriibcni l.-Iiropc pl IMii$iil)islii l.'leeiric r.Iiroi)e I4V Mi/.Iilio I'.ininiiftl Groiip N%K I,.Iiropc l.td %MIII.' Ilaiik Iiilcriialioiial plc %iiiiiiluiiio LorpoYH(iuii LiiropL L￿1 All orpurl of11￿ doiiaiioiifroiii coiiiijaiiie.f Diarkedwiili iiii oslvri.Tk (•) lilis heepi desigiinlediij 511ppvrl of ilie scliuols c(liicalioii al￿s1￿1￿11 %rrtlllSPfORraiiiiiivs. TIKxfe iviili fii)ilcroiv sixii N liave Aiiveii I1￿1r siii)Iwri iliroiiklli rtfive ar a%reeiiieiii. l>onor {£lOO) Murk Alliup Clive Ilradlcy Steplien Codriiigloii SAiiilra Lliiies Robiii l'ox l.)'diA (ioiii¢isall C.'uriiorwlc Il¢n¢fAclor (£S,OOQI l)aiivn Copillll Mnrkets Eiiropc Lid l)elDillc l.LP *r,iyai l.'Iirope l.ld I lojiiln M(Trlor r.Iirup¥ l.ld Keiko lioh Aiiiic Kaiieko KAilil¢cii Kimiira Jiin M¢LalTcTty Janusi. Mondry DAI'id Mylloii Cliarlcs l>ridgcon Peniille Rudliii Rolaiid Saaii) Meguini Spiv¢y Mark Tale l-iiD Ivoiig Llisakili Wright Nikki? ASSLI MdllHBLIIILiiI I".IiropL Lid 'NYK (iTOilP LIITOPC Ltd unllniik tiroup 111loriialionHI 'I'akeil& IJK Lid 'I'ala L0115uIIAncy Services page 7 THE JAPAN SOCIETY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Rc5ervcs In thc Cilrienl uncertain economic cliniale, the b(Trard has Teviei¥td ils reserYc5 w)licy aiid has Ik¢ided that it should conliiiiic lo iiiaiiilaiii rc5¢rvcs sunicieni for 9- 12 tiionths, ¢xpcndiliir¢. excluding any dc5ignatcd funds. Fiinds hove becii Ile5igiialcd iri re5pecl of knDi%'ii n)11 illtciiancc ¢osls. digitalisation of book%, ortd initcstinciit. as outlined in nolc 20. As ai 31 Dcccmbcr 2023, the Yallie of Iiiire51riclcd TLs¢rv¢s less laiigible fixLd asscls aiid desR8iialed fuiids ivas £278,015. 1.he Cash reserves are lield oil d¢posil. Vlans for Ilit luture 'l-h¢ JapAn Socicly's cliair and Iwslccs hfive li￿rke(l closely ivith th¢ Cliief r.xeciitii'c, r)r Micha¢l Rivera Kiiig oil a ilire¢-y¢ar slrai¢g}' and tlic aiiniilll plan for 2024. '1'liis aiiii.s to fiirtlici iiicrca5c ih¢ impact of'i'he Japan So¢i¢i) s eductL1ioii 1%'ork aiid furtlirr iii)proi'¢ oiir progTaiiiiniiig for niembers ond partncrs. To Ihi$ ¢Dd Tli¢ JApaii Sociel), has ￿.￿rg￿nise(l slalT fCSP0115iI)ililic4 10, Iliiii)gLd our LIIM sy$tein. ￿}d iiilrodiiccd 4114lrtcrly I1￿1￿¢5 for ¢veiils and iryCtii'itiC5. Th¢ Sociel), Iills also lauiiclicd n Iliird Dl¢gor)' of Iiieiiibcrsliip, lor 'Lliarily and Ins(ilulional' niembeTS. Iviill Ilic nim of I￿t1¢T s¢rvirig ineti)I￿r5 oulsidc ilic l¢lTg¢ cili¢.s li) n(l(liiioii to SLTviiig as Sc¢T¢lariAI to ihe IJK-Jap¢l11 2151 Leiiliiry Cjroiip. 'I'lie Japaii SoLiLly IIRS bceii appoiiiled Sccr¢lnrio1 lo ihe Ilrilisli-jli pniic.sc All-l)arly l)orlikiiiciitAry Groiii). A cclcbrolory Iiiiicli lo relauiicli ilic group ivA.% Iicld iii ilic I Iou5cs of l>arliaineiil 011 Marcli 12th 2024 I1'il11 sn parliainciilarirtiis aiid buiincss Icad¢rs. Alilioiigli iii a s¢roiig¢r lii?aii¥ial po.sition Rl tlic slarl of 2024. Ihc Sociely IieLds io rois¢ si8iiificanl fiiiids to f41rth¢r ils ii)iqsinn of pr(?Iniiliii8 Ilie IJK-Ji¢ l?aii r¥lhlioiisliip nnd dcei)ci)ing uiid¢Tsihiidiiig. Agaiiisl a backgroiiiid ()r coiiliiiiicd ecoiioniic iiiie¢nAiiil> Ili¢ role of Inci)Ibers aiid doiiors lin$ Ii¢VLr becii nioTC illlportanl iii siii)portiiig tlic .%ncicly'S li￿rk. Nor h¥ts illc iiVTk ol. Ili¢ So¢i¢l)' Cvcr b¢¢ii iiiore crilical. Iviili sirong IJK-JRpaN lies, codified in lh¢ I lirosliiino Accord, cciilrAI iii IhL LCOliOITiiCS aiid sociLili¢s or f>Alorii 1'05hida- Ilon.'I'riAsur¢r l)Thlcd.. pagc 8 THE JAPAN SOCIKTY STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Tl)e tru8lees. iYl)o are also Ihe dircclors of 'l'hc Japaii Socicty for tlic purw)se ol'compwly laii,, are responsiblc for preparing tlic -I'riislLLS' RLporl ¢?iid Il)e accoiiiils ii) a¢cordwicL iviih applicable laiy and United Kiiigthm Accoiiiilii)g Siai)dardq (Uniled Kiiigdoi)) (iCI)crally Acccplcd Accouiitiiig Praclice). Cnii)i)w)y laii, requires tlie triistCC5 lo prcparc accouiiis for each linw)¥ial year ii,liicli giv¢ a tru¢ atid fair iiicii, of the slate of allairs of Ilic cliarily arid of Il)e iiicoming resourccs aiid applicalioi) of resources, iiicludii)g Ille iiicoi)ie wi(1 expeiidilure, of Ilie cliuril(?bl¢ coii)paii)' for t111£ 1 >'¢ar. It) prcp(Irii)g IliLs¢ a¥LOllI)ts, tliL* Iriisices rcquircd 10: scl¢cl siiit&bl¢ ac¢ountii)g policies llnd Iheii apply Ihem cotisisl¢nily' ol)s¢rv¢ lh¢ In¢iliods principlLS in Ihc Lharilies SOKIh: iiiak¥ jiidgcinLllts ai)d LsIiiiiA(c5 Ilial are rehsonable fti)d priiLl¥nl; .%lnl¢ iylieilier appliLable IJK ALcviinling Sini)dards havc bccn followcd. subjccl lo aiiy Inalclial dei)artur&s disclnsL'd and explaiiicd ITI Ilie aecounls. prcparL Il)c accouiils on Ilic going concerii Iia$is uiiles8 il 1$ iiiappropriate to pre%iin)c iliAI Il)e cl)ftrily ivill eni)lii)ue iii operalioii. 'I'lic Iruslccq arc rcqpoiisihle for kecping adeqiial¢ a¢coiinling records iliai di$¢lo$e iviih rca$onable accuracy ai aiiy iiii)e Illc lii)Hi)ciiil posiliuii of Illc chnrily ai)d ¢i)ablc Iliciii lo ensiire ihiil tlie accoiiiits coinply i%'iih the Con)pai)ies Acl 2006. '1'1)ey arc alsu rL%iioiisil)IL for Si1fLgiiarding Ihc assc15 of t1￿ ¢liarily ￿ld IKnce for iaking reasoiiable 81ep$ for ilie preyenlioii aiid delcclioii page 9 THE JAPAN SOCIETY INDEI PENDENT AUDITOR'S REPORT TO THE TRUSTEI Ei S OFI TIIL JAPAN SOCIETY Opiiiion IVL Ii&vc aiidiled Ihe finaiicial slaleincnls of The Japan Soci¢ly (Ih¢ 'char&ly') for Il)¢ y¢ar ¢iidL.d 31 D¢c¢inb¢r 2023 ivl)ich cni)11)risc Ili¢ .%lai¢iFi¢i)l of lii)aii¢ial aclii'ilie.8, 11)c balwice .sheel ai)d noles lo Ihe fiiiai)cial .8lJleiiieiils, iiicludiiig sigi)ilicaiit accoiiiiliiig policics. -l-IIL fiiiancial riponii)g fr￿n¢￿vork Ilial hi¢S bcci) li pplicd iii Ili¢ir prcparalioii is applic1¢ bl¢ laiv aiid Uiiilcd Kii)Edoiii Accouiitiiig Staiidards, iiicliidii)g l."iiiancial Rcportiiig Staiidic rd 102 71ie j.iiiaiicial Reporliiig Siciiiglaicl applicable iii Ilie IIK and Repilblic of Irelaiid(Uniled Kingdom Geiierally Ac¢¢pl¢d Acwunling Pra¢li¢e). li) our opinioii. Ilie financial slalciiieiils.. givc ll liiic ai)d fair viciv of Ilic slalc of Ihc charilablc coinpiu)) $ anairs as al 31 D¢L¢mbcr 2023 wid of ils in¢oIiiiiig rcsourccs aiid api)licalioi? of rcsourcc5. for Ihc ycar Iheii ciidcd: l)avc hccii piopcrly prcp42r¢d li) ¢iccord¢111C¢ Ii'iil) Uiiilcd Kiiigdon? CI¢iierally A¢c¢i)Icd Accoiiiiliiig Pra¢licc: aiid l)ai'L heeii prei)¢ired iii aLLordaiiLe il'iil) Ilie requireiiieiils of Ilic Coll)p￿li¢S Acl 2006. HA515 for oplnioii Ive condiictcd our aiidil iii accordniicc iyith Iiilcriialioiial Siniidllrds on Audiiing (UK) IISAS (UK}) uiid ni)pliciiblc liti%,. ()Lir rLSI)()IisiI?ililies iiiider Il)osc slaiidards Rrc fiirilier described iii Ilic Aiicliior'.f iespoiisihililies foi. Ilie iii¢dii of ilie .fiiiaiicicil lalciiiLpiII.s seclioii nfoiir repnrt. Ive dre iiidei)eiidei)l uf Il)e ch#ril J, ii) accordklliLe iviili Ille Liliical rc411irciiiciils Ilial arc rclci'aiil to OLif £iiidit of Ilic Iii)ai)cial slalcitient5 iii ihe UK, ii)cliidii)B Ilic I".RC's r.Iliical .Siai)dard, aiid ivc liave fiillillL(l oiir oil)cr cil)ical rL'spoiisibilities iii aecord1¢ lice ii'iil) Ihcsc rcquirciiiciils. Ivc bclicvL Ilial Ilic uudil ¢i'idci)c¢ ii'c l)ui'L ol)liiiiicd is siilli¢ici)I iii)d ai)i)rtsi)ri¢ilc lo provide a basis for oiir opiiiioii. (.'oTic1115i0115 relAtiiig Its goliig etsiietrn li) c2ll(liliiig Ilie lii)aiicial sialen)enls, wc hAvc coilcludcd that Ihc Iruslecs, usc of IlK goiiig coiicern basis of accoLlI)lii)g in Ili¢ llclSL(l thii Ilic iyork ivc l)aYc pcrforiiicd. ii'c Iiavc iiol idciilific', for oiir Iiudil ivork, for Iliis r¢i)ni'l. or r(IT Ilie oi)iiiii)I18 ive have foriiied. Dai'ren IIHI'dingACA, FCCA, DChA (Senior SIAtuloryAuditor) Riclifird PIA¢c Dobson Services Limited ClIArlered Ac¢oiiiil#nls Sialiit&ry Aiiditor 1-7 SialiQli Road CTdl%,IL)' WLs1 Sii.g¥LX Ilicliard Placc l)ob5011 Scrviccs l.imlcd urc cligiblc lo hcl as an aiidilor iii Icmis ofscclioii 1212 ofilic Compiiiiics Act 2006. p￿¢ 12 THEI JAPAN SOCIETY STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Current finAiici&I yeAr Unrestricted Unrestricted ruiids fiiiids general Desigiialed 2023 202J Restricted fuiids Total 'I'olal 2023 2023 2022 Notes Iiicoiiic Aiid en(loiviiieiils froni: .Siib.s¢riplioiis iwid doiialioIis 315.206 21.328 10.031 24.396 71,996 2,260 387,202 23.58 10,031 25,032 339,292 29,012 1,374 23,467 Oili¢r ii)LOlI)il)g fLsoiifLeS 636 TolAI liicoilie 370,961 74.892 445,853 393,145 ieiidliurt oil: Raisii?g fuiids 6.947 6,947 C?,385 Cl)arilablc R MLiiibLr.¥liip aiid piihliciitions LvLI)IS %cl)onl L(ILILiilion 148,(136 1.14.657 58.665 2,218 148,636 138,978 130.847 2.668 126,(>16 164,376 129,004 13,345 4,321 72,1112 450 TolAI cliAritAblo cxiiendliure 344,176 76,953 421,129 433,341 'rotAI Yesourtes ¢xp¢i)ded 351.123 76,953 428,076 439,726 Ncl gainsl(loss¢s) oi) inveslnienls 13 4,108 4.108 pag¢ 13 THE JAPIIN SOCIETY STATF.MF.NT of4 FINANCIALACTIVITIES (CONTINUF.D) INCLUDING INCOMI AND LXPLNDI'fuRE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 202.1 Net iiicominRI(out%oing) resources l)efore IrAMsfers 19,838 4.108 (2.061) 21,885 (46,581) (iross Iraiisfcrs bclivccn fiinds {290.000) 290.000 Net oiitRolng resources (270.162) 294.108 (2.061) 21.885 (46,581 } oilier recoRiiised %Aiiis lo¥%t5 VdlLll¢ linii l(),%s nii library, (219,117) Nel iiiovciiieiit in funds (270,162) 294.108 (2,061) 21,R85 (2C?5.CTr98) riind balances al l Jaiiuttr), 2023 555.326 32,984 4,462 592,772 858,470 Fund bAlthnces At J l Dtceniher 2023 285,164 327,092 2,401 ()14.C?57 592,772 'lic slalen)ei)l ol. liiiil iicidl nctivities ii)cludos 011 gains fiiid Ii)sso% rec()gni%ed in ilic ycllr. All ii)come nnd cxpeiidiliir¢ d¢rivc from coi)liiiiiiiig nclii'ilic& Tlie sliil¢iii¥iil or riiiaiicial aclivilies ttl$ci LoIMpIiLs iviill Ilic rcquir¢mcnl¥ fur iiicoiiie ai)d cxpci)diliirc llccoiiiii iiii(ler Ilie Coiiipaiiies Aci 2006. page 14 THE JAPAN SOCIETY STATF.MENT OF FINANCIALACTIVITIF.S (CONTINUED) INCLUDING INCOME AND EI XPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Pri(br fiiiAncial yeAr Unre51ricted Unr¢slritled fuiids fuijds general De$i£iialtd 2022 RestYitted fuiids TDtHI 2022 2022 2022 Notes Iiiconie nnd enllownieiils from: SiibsLrip¢iui)s aiid doiialioiis r.I'L'I)1s 296,861 26 1155 ,374 22.913 42,431 2,557 339,292 29,012 1,374 23,4()7 Oil)er ii)coii)iiig re50ur¢¢5 554 TolHI iiicoiiie 347.603 45,542 393,145 eiidilure on: Ilaisiiig luiids 11,3R5 6,385 MLITib¢rsliip gild publications 126.(J16 159,472 ')3,929 5,435 126,616 164,376 129,004 13,345 4,904 Schaol Ldiic411ion 7.910 'rotAI cliArltAble expen(Iliiirt 385,452 47,889 433,341 'I'otal IiSDiJrces expended 391.1137 47,8¥9 439.726 NLI gainsl{10sses) vn investments 13 page 15 THE JAPAN SOCIETY STATEMF,IN'T of¢ fiNAh'CIAL ACTIVITIES (CONTINUF.D) INCLUDING INCOME AND LXPENDITURE ACCOUNT FOR THE YEAR LNDED 31 DECEMBER 2023 Net incoiiiingl(outgoiThg) re$our¢¢s before transfei's {44,234) (2,347) (46,581) Ciross Ir￿)sfer& belii'eeii luiids 130.883 {130,883) Net outgoing rests￿reeS 86.649 (130.883) (2,347) {46,5RI) Ullier VeCORiii$ed Eaiiis aiid losses Rei'alualioii ofiaiigil)IL lixe(l &%sei8 (219.117) (219,117) Net intsvement in funds 86.649 (350,000) 12,347) {265,698) riiii(I balniices al l Jai)iiary 2022 468.677 382.984 6.809 858,470 Fiiii(I b8lA TICCS AI 31 Deceniber 2022 555,326 32.984 4,462 592,772 I'1)c.4lalci??ciil of finaiicial aclivilics includcs all gains and lo&$es rccogiiiscd in tlie year. All iiicoinc aiid ¢xpciidiliirc deriyc from coiiliiiuiiig aclii'ilics. 'lic slalciiiciil or rii)aiicial activities also coinplics iviili Ilic rcqiiirciiicnl,s for an iiicoiiic aild cxiici)diliir¢ ac¢nui?i uiidcr Ilic Ciiii)i?¢11liCS Act 200(). page 16 THE JAPAN SOCIETY IIALANCL SHLTr:T ASA T31 DECEMBER 2023 2023 2022 Notes ai)giblL 15 16 7.149 294.108 11,447 301,257 11.447 Current Assets Dcbiorg Liish bliiik iiiid iii haiid 17 55.150 345.432 34,302 637,684 400.5112 671,986 Creililors., aiiiouiits falling due ivi¢hiii one year 18 (87,182) 190,661) NLI LurrLiil 313,400 581,-125 'I'otAI xssets le5S turytnt liAI)Ilitits 614.657 S92,772 Iiicoiiie (uiids 19 2.401 4,462 UiirLSlriLILcI I. l)Lsigi)al¢d fiinds (iLnLriil iii)rLslriclc(I funcls 20 327,092 2115,164 32,9114 555.326 612,256 588,310 614.657 592.772 Tli¢ ¥onipwiy is ei)liiled lo Ilic cxcmplioii from Ihc aiidil rcqiiiremcni conlaiiiL.d iii seclioii 477 of Ilic Compaiiics ALI 2006, for Il)¢ y¢ur ¢iided 311)¢ccinb¢r 2023. alihou8h an audil has bL'cn carried oul linder S¢ClioD 144 ofthc Charili¢s Acl 2011. 'I'l)e dire¥lor.s acknniylcdge Iheir responsibilities for complying i¥iih ihe T¢qIIiT¢menls of Ihc Coinpanics Acl 2006 iviih respect lo a¥Loiiiiliiigi rcLoids urid Ilic prcparalion or rinuiiLiiil sldlLinL'iils. I'lie nicmbers Iiai'e not required Ilie conipai)y lo obtain wi audil of ils financial slalciiieiils under Ilie requircnicnls of Il)c CoiiipJiii¢s Act 2006. for Ihc ycar ii) quislion in &¢cordancc iviili seclioii 476. 'I'h¢s¢ financial slal¢mei)Is have bc¢n prcparcd in accordance with the provisions applicable to coinpanics subjecl lo the smnll companies reginie. 'I'he financial slatem¢nls ivere approved by the Tnisices on .. S Yoshida Trustee B Emtnoll Tru5t¢e Company Registratioii No. 03371038 page 17 TIII4 JAPAN SOCIETY NOTEI S TO THE FINANCIAL STATF.MENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢eounting policies Cliarity iiifoYJiJitioii 'riic Japi£ n Socicly is a privale ¢oii)pany liiniicd by guaraiitec incorporated in Lngland aiid Illal¢$. Tlie regi8ieTed onicc is 13114 Coriiivdll 'lirrticc, l.oiidoii. NIV14QP. 1.1 Accouiiling convenlio Tli¥ fiiiaii¢iiil slatLniLnls IIRVC beLlI l)rci)¢ifLd it) ¢lLLordatiCL IVitlI IIIL cIIlK ril) 5 ML'illorai)diin) ai)d Ailiclcs of Associiiliaii, Ilic C.oiiipaiiie.s Aci 2006 aiid 'Accouiiliiig aiid Reporliiig by Ch&riiies-. Siaicii)ciii of Re¢oiiiii?¢iided Pracf icc applicc?l)le lo cliaritics prLP£irii)g Ilieir ftccoiinls in 4i¢cordai?c¢ iviili Ihe fiiiancial IILPOrtii)E %iandord applical)l¥ iii tl)e UK aiid IILpubliL of Irelaiid (I,'RS 102) (eff¢cliYe l Jwiuary 2019)" I'lie charily is a Public IlciiLlil Liilily 05 d¢liii¢d l)y l.'IIS 102. 'l-li¢ clinril). lius luken a(Ivai)lagc of Ihc provisior)5 Tn ihc %()Rl) for charilics applying fR% 102 Updaie Bullcliii I i)ol lo prepare R Stalciiieiit of Casl) I".IniYs. 'I'lic financilll 81alLmLiils arc prcpgrcd in 8l¢rlingtr ivhich is ihc fuiiclioiial ciirrenc). of Ihc ¢liarity. MoiielRT)' uinoiiiils iii Ihcsc lii)Ri)cilll sliitclllLliiS arc roiindcd lo Ihc JiCcire.s1 £. Tli¥ f1114111Li£il .%ldlLIIILiils Iiavc IKcii prci)urcd iiiid¥r IhL hisiorical cosl coi)Yciilion. Thc prin¢ipl11 i?CCOllii1iiig pDIicics ,1(1oi)Ic(1 ¢lrc sel oiil l)cloii'. IpoinE concerii 'l-l)L liiislL¥s liave cnii8i(IL'rcd a pcriod of al Icasl 12 monihs froin the dalc of Il)c.sc accoiiiils aiid ar¢ coiilidci)I Il)til -I'l)¢ J¢lPilll Sociciy is u bv{?Illg LOIiL¥rn. 1.3 LlIArilRbl¢ fuiid5 lJnrc.slri¢l¢d funds xrc availablc for usc al Ili¢ di5cwlioii of Ille Iriislccs iii furfhcrailcc or Ili¢ geiieral objcclii'cs of Il)c D¢si&iiidted fiiiids arc ui)rc%lricled fiiiids ¢41niiic rkcd l)y Il)L IriislcL% lor parli¢ular i)Iiri)n8¢S &ll)d rel1£ IL lo Il)c I'c Iiic of Ilie library, The desigiialLd fiiiid iiicliid¢.s a revalualion r¢scrvc rclaiiiig lo IhL rLslalLmcnl ofrarc books In n)drkLI valiiL. Il¢51riclcd fuiids are subjecl¢d lo rcslri¢linns on Iheir expendilurc imposed by Ihe donor or Ihrougli Ihc Icrni% of an .Ippcal. 1.4 Ineome Incon)c is recognis¢d ivlicn Ihc eliarity is IcEally cnliilcd lo it aftcr any pcrforinailcc condilioi)s liave been i))ei, Ilic mounts can b¢ mcasured reliably, and il is probable thal inwme ivill bc rcccii'cd. l)oiialions and siinilar incoining resources are included in the year in ii.hich Ihcy arc rcccii'able, M,hich is whcn Ihc cliarily becoines cnliiled to ihe r¢source. Legacies arc rccognised on receipl or oihcnvisc if the charily h&$ been notificd of an impending dislribulion. tli¢ ainoiinl is knoiyn, and receipt is ¢xp¢thcd. If tlie amoiinl is not knoiyn. the l¢ga¢y is tTeated a5 a conlingeiil Asset. (iranls ivhcrc ciilitlemenl is not conditional on Ihe delivery of a 5pccific perfornianc¢ by the charity. grants are recogniscd ii,hcii Ihc chariiy becomcs ui)coi?dilioiially entiilcd lo Ihc iiicome. Subscripiions arc crcdiled to tlie Sialemenl of i."inw)cial Ac(ivili￿ iji rcspccl of Ihe year lo ivhich Ihcy relatc. Fundraising incamc includes event incomc aild iiicoine for courses and rcsources. This income is iiicluded it) the year in ii,hich it is rcceivable. Ivhich is wh¢n ilie charily becomcs cnlitled to (he resource. pag¢ 18 THE JAPAN SOCIETY NOTES TO THE FINANCIAL STATF.MTr.N'I'S (CONTINUED} FOR THE YIAR ENDID 31 DECEMBER 2023 Accountliig policles (Comliiiued) Iiiveslinci)t incoiiic includcs inleTesi TeLeivablc and is included in Ihe accoui)Is ivhen thc charity becom¢s ciilitlcd lo tlic iiicoine Other incoming resoiirccs iii¢lLid¢s Ihe sale of book8 #nd royaltics. -l-his inconie is iiicliided M'hcn the risks aiid reivards ofoiyiiersliip ar¢ pass¢d froin Ihe cliarily lo Ihc buyer. 1.5 Expendliiire l.iabililics fL rceognised as ex￿lid11ure as sooii as Ihcre 18 a legal or coi?striiclivc obligation commilling tlic ¢114rilubl¢ ci)Inpaiiy io Iliai LXI)Lli(liliire. il is pro1147bl¢ thai a ir4insler ol. econoinic bciiclits ii'ill be reqiiired ii) sLiIIcinLI)t ai)d IliL Iimoiit)l of lh¢ obli&iutiDii clln be mc4lsiir¢d r¢liabl>'. F.xpcnditiirc IS ecoiinlLd lor 01) ali accriinls basi.q aiid lili.¥ l?¢¢ii c11ssili¢d LiiidLr l)Llc dii)gs Iliat aggrLgic tL 4211 cost relalcd 10 ihL caiLgor)'. IVh¢r¢ cosls caiuiol bc direcily dllriliLI(¢d lo pHrliLLilar licadings ilicy have been ulloLalcd lo aclivilics on a basis consisl¢nl iviili lh¢ usc ol'resuLirLe.s. LxpLI)dilure iiicliides VAI. iyliich ¢aru)ol bc lull). recovered aild is rL'poried as part of Il)c cxpcndilurc lo wliiLI) il rclalLS. %LlPI?nrl ¢0515 or¢ Iliosc fiiiiclioii$ Ilial a$si$l Ilic ivork ol. Ihc charily hul dci not dirccily iii)dcrlMke cliari11¢ blc Hclivilics. SLlPI)Ort L()818 ii)cliidL I)¢i¢k i)Ilicc fti)d govLfi)1l1)LL Los1$ ii.hich support mcn)l)L'rsl)ip diid piil)li¢ulioi)s. LVLIiiS. %Llii)ol ediieaiiaii dri(1 .8iiiall graiil aclii'ilics. 'I'licse c081$ liave l?e¢n allocalcd ajid apporlioiied 10 Ilic various eharilal)l¢ a¢lii'alc8. A PLfcLiilogc basis lias bccii usLd io llppurli(?i) Il)e support coxls lu th¥ clinrilablc aclivilics. Cosls of rnisiiig funds coinpri8¢ 11)c C081% a*%oeiaicd ii'itli allra¢ling voluiilary inconie and Ilie costs nf fiiiidraisiilg. Cli1£ ril£iblL Lxpeiiililiir¢ coi)Ipri.8cs Il)osc cosls inciirred by Ihc clinrily in Ihc d¢liYery of ils 4¢lii'ili¢s arid Iho%c costs ofai) iiidirL¥I Iiiiliir¢ i)Lc¢ssury' Io siippt)rt iliem. Goi'ernii lice costs incliidc Ihosc cosls associaiLsd iyiih niediiig the coiislilulionthl und Siatiilory ￿qUir¢m¢1)Is of Ihc Lli#rily and inelii(IL U(lil fLes. 1.6 '1'Anglble fixe(l assets DLprLLialion is providcd al IhL fvlloivii)g aiii)ual raies in order lo iyrile off Ihe cost less Csiiittaled residual vnlii¥ vfiach &4s¢l vver ils estimated 115cfiIl lile. rixlurcs, filliiiBs & equii)iiient 20-33Yo Siraiglit Line All as5els c051ing more IhNn £500 are ¢Jpilalisd. 1.7 Flxtd asset Inveslm¢iits rixed &%sct invesliiients 2r¢ inilially measlircd at transaction price excluding Iransaclion cosls. aiid are subscquei)Ily mcasiircd at fair i'aliie al e(Ich reporting dale. changes in lair value ar¢ recognised in n¢1 iiiconicl(cxpLndiliire) for Ihe year. I iaiisaction costs are expensed as incurrcd. 1.8 InipRlrmont of fixed assets Ai cacli rcporting end (IRte, Ihe ¢haril}' rcvi¢ivs the caTrying amounts of its langible assels lo dctcrmine ivheiher Ih¢re is any indication ihal tII05c assets hai'e suifered an impairmeni Ioss. If an). sii¢h iiidicalion cxists, Ilie recoi'erable amount ol th¢ assel is eslimaied in ordcr to determine Ili¢ exlenl of Ihc impairmenl loss (if8ny). 1.9 Cash cash equivalents Casl) and ¢Asli equiviilcnts include cash In hond. de￿sitS held al call iyiih banks. oih¢r shotl-lemi liquid investmeiils iyiih origiiial inalurilies of Illrcc illonihs or less. and baiik overdrafts. Bank ovcrdrafts are shoivii iviil)iii borroi%'jiigs iii curr¢iil pago 19 THE JAPAN SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUF.D) FOR THE YEAR ENDED 31 DECEMBER 2023 Accouiitii)g politits (Continued) 1.10 FinainciAI i11striinientS Tl)c ¢11¢2rily has clcctcd to appl}. Ili¢ proi'isioi)s of Scctioii I I 'F4&sic Fii)41n¢ial Iiislriimciits, and Se¢lioi) 12 '01hcr iiiaiicial Iiislriin)enls188ucs' ofFIIS 102 10 all ofils liiiaiicial in51ruiiieiils. Fii)aiiciti1 inslruiiiciil5 ure recognised in Ihc charily's balancc sheei ivhLn Ihc charit), bcconics puri), to Ilie conlracluiil Irovisioiis of ilic iiisliuinciil. l.'iiiaiici1£ l as.sei.s aiid liabililics ar¢ oftsel, ii'iih ihe i)cl ainouiils prcseiilcd iii lh¢ fiiiaiicial SlAieillei)Is. ii'l)eii Il)LfL is a Lg¢ill)' ciiforcchblc riglil lo .%LI oll-tlic rccogniscd uinoiints und Il)eri is an iiilciilioi) lo scill¢ oil d iiei btLsis or lo rcalisc Ili¢ I. I I TAXAtioii 'riic ¢harily is exLiiipI froi)I corporalioii lax on its cliarilablc aciivilies. .12 Eii)ploye¢ benefils 'I'l)c cost.s ofslM)rl-lerin einploycc bci)cfi1$ arc rcLogi)is¢d as a liabilily and &% ai) cxpcnsc. Iinlcs5 11ios¢ cnsls are rLqiiired lo b¥ rcLogniscd 45 purl i?f ihL Lust ofslock or fix¢d &8sL'Is. 'l-lic coll nfany iii)used ?￿lIda>, eiiliileinenl is rccogiiiscd iii Ihe period in wl)icl) Ilic cmploycc's services are rLLClI'Cd. 'lirii)iiialioi) ￿ller]Is afL recogi)iscd imincdiolcl) as ai) expensc ivllci) Ihc cliarity i.s dLii)vn$lrabl)' coiiiiniii¢d i(J lcriniiial Ilie ¥niplo)'n)Liil ofaii cniployL'C or lo proi'id¢ l¢m)iiilllioii bL'iiulilS. 13 Reliteiiieiit b¢iitfils 'I'hL ¢li¢irily up¥rdlLS ll defiiied conlribiitions pcn5ioiI scli¢me. Loiilribiilions arc chftrgcd in lh¢ (tLcoiinls As Illey beci)ni¥ payablc iii a¢cordancc willi Il)e riilcs nfili¢ s¢licin¢. 1.14 Foreigii exthAnge .1 rai1571 clii)Ii% dliioiiiinaled iii foreign ciirrcncics arc rccordcd ai Ihe ralc ruling al Ihc dalc of Ili¢ Irai)SKiclion. M()nLlary a.i.8cls 11 lid liabilities dci)oinii)alcd iii foreigii ciirrciicics arc Ir&i)slaled ii)to slerling al Ihc rates of Lxcl)ai)g¢ rLiling al lh¢ balan¢c sh¢ci dalc. All (liftcrcnccs arc ii)¢liidcd iii nel Oli￿Oing rcsources. 1.1 S Debtors, CASh And Creilitors Dcbiors are recognis¢d ai 111¢ 5Cttlemcnl wnounl du¢ afler ony trade discoiinl olTered. Pr¢pa>'iiienls arc valiied nl Il)¢ amount prcpaid nel of any Irade discouiiis diie. Casli al bank and casli iii liaiid incliides cash and sliort lerm highly liquid iiiYeslm¢ii15 iyiih a short maliirily of IhrL¢ months or less froin ihe dalc of acquisilion or opcniiig of ihe de￿)sIt or similar a¢¢ouiil. Creililors ar¢ recognised ivherc Ihc charily has a present obligation rcsuliing from a past cvcnt ihai ivill prob¢1bl)' r¢8ulis in th¢ transfer of fuiids lo a Ihir(I parly and tlic amoiii)I due lo sciilc Ilic obliE8lion can be rncasiircd or estimated reliably. Credilors are iiormally recognised al Iheir s¢(tlciiieni aimoiinl aftcr alloi¥'ing fnr an). discounts duc. Crili¢•l Accounting estimates and judgements In th¢ application of Ihc ch8rily's accounting policies. the trusle¢s are rcquircd lo makc judEcmciils. esliinales and assumptions xboul Ihc carryiiig an)ount of &55cls and liabilities that arc iiot readily apparciil froiii oilier $ourccs. 'I'l)c ¢51imates atid associaled assuniptions are based on historic81 ¢xperiencc and other factors Ihal arc considcred lo bo relev￿]1. Actual results illay diffcr frown these eslimatcs. The esliinales aiid underlying assumplioiis are reyicivcd on oiigoiiig basis. Rcvisioiis lo accouiiliilg cstiiiiaieg arc rccogrbised in Ihe period in ivhich th¢ cslimale is revised ii.hcrc the revision aftcct5 onl), Ilial period. or in ihc period ol Ihc rcvisioii and futurc periods ii,here the rcvision alTecls boih currci)l and fuiiirc pcriods. page 20 THE JAPAN SOCIETY NOTES TO THE FINANCIAL STATF.MF.NTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Subscriptions and don*tioiis Uiirestritled fiin(Is 8¢￿er￿1 Restricted runds TotRI Unrcslriclcd luiids gci)Lral Reslricled fuiids 2023 2023 2023 2022 2022 2022 L)onRlioiis aiid gins IILiiII)Lrsl)ip f¢es 288,317 26,889 71.996 360,313 26.889 268,741 28.120 42.431 311.172 28.120 315.206 71.996 387,202 296,861 42,431 339,292 EvtJi15 Unreslricle(I fuiiils gencral Re51rif te fiinds TolAI UiircsiriLILd R¢.slriclcd riinds gcnLral 2023 2023 2023 2022 2022 2022 LvL'iIIs iliLuniL 21,328 2.260 23.588 26.455 2.557 29,012 liivesliiieiils Unreslrlcted Uiirosti'ieled fun(Is fui)ds generAI g¢ii¢ral 2023 2022 liilcrc.sl rcccivablc 10.031 1.374 Other Inconiing resourtes Unrestricted fuiids gcncral 2023 Restrlc¢ed funds Total Unrestricted runds general 2022 Rcslriclcd ruiids -lola1 2023 2023 2022 2022 Publicalioii and sale of 936 15.960 7.500 936 16.596 7.5QO 967 14,446 7.500 967 15,000 7,500 Oflicc serviccs income Secretarial income 636 554 24.396 636 25.032 22,913 554 23,467 pagc21 TH￿ JAI)AN SOCIETY NOTES TO THE FINANCIAL STATF.MENTS (CONTINUED) FOR THE YEA R ENDED 31 DECEMBER 2023 R8isiiiE funds Unrestricted Unrcslricled fllTid5 fiiiids g¢iiei'AI gei)criil 2023 2022 aild iiblicil Adi'crlisii)g 6,947 6,18S ChRri¢Abl¢ xrtivitits Menibersliip Aiid publicAtIoiis 2023 Eveii¢s Scliool SiiiAII RrAiits educAIio TolAI 2023 TolAI 2022 2023 2023 2023 SIMff costs n(hLf co.818 98,801 89 55.259 35,530 78,778 17,389 232,838 53.00¥ 206,950 IIX,103 98,890 90,789 96,167 285,846 295,113 (iranl luiiding of aclivilics (&cL nol¢ 9) 450 450 7,910 Sliarc of support ¢osis (scc iiolL 10) Sliarc nf governancc c()sl$ (scc i)ol¢ 10) 46,162 44,718 S2.1112 2.058 125.120 121,204 3,584 3.471 2,498 160 9,713 9,114 148.636 138.978 130,847 2,668 421.129 433,341 AnAIysi5 by funil lJiire51rictcd fiii)(l% - g¢ncral R¢slrioleil fiinds 148.636 134,657 4,321 58,665 72,182 2,218 450 344,176 76,953 385.452 47,889 148,636 138,978 130,847 2,668 421,129 433,341 pagc 22 THE JAPAN SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ChxritAble Activities (Coiiliijued) For the yeAr ended 3 l Def cinber 2022 Membership nd piiblicalions Kven15 Scliool SIiiAII grAiils educ#lioii TotRI 2022 Stair Cosls UiliLr Losts 78.396 140 51,.155 66.346 73.808 21,677 3,291 206,950 88,163 78.536 117.801 95.485 3.291 295,113 Cirlli)t fiiiidii)g ofaLtivities (SL'¢ nolL 9) 7.910 7,910 %liiirL nf siiiiport iosls (sc¢ nol¢ 10) $1121 r¥ of ¥ov¥rii#iiiL Luslb (.%LL ni)ie l O) 44,717 3,363 43.318 3.257 31.175 2.344 1,994 150 121,204 9,114 126.616 164,376 129,004 13,345 433,341 Analysls by Iiiiiil lJiirL%lriLILiI liiii(13 gcncrnl IIL%ifiLled fui)ds 126,616 159,472 4,904 93.929 35,075 5.435 7.910 3¥5,,152 47.889 126,616 164.376 129,004 13,345 433,341 GrAiils VAyAble SniAII grAiils Sinall &¥raiils 2023 2022 Grants lo insiiliition.i'. Dc l.a Ivarr ljai'ilioii'lrust Cciitral Regioii Schools Trust 83rd Fire Scoul Cairiieyliill Lxplorcrs Iloyal Shakespedre Company Mvderii CLIIILirc I,Id Oilicr sin&ll granis paid lo 2 (1 l ) insiitulions 1,000 1,000 1.000 1,000 1,000 2,910 450 450 7,910 pag¢ 23 THE JAPAN SOCIETY NOTES TO THE FINANCIAL STATF.MENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 21123 10 Supp(trl eosls Supporl costs GovernAnce tosls 2023 Sui)porl cosls GovernAiice C0515 2022 iatTcosis rjeprecialion Lslablisliiiiciit F.xpenses oilice F.XllLllSeS CJLii¢f¢111 xp¢iis¢s l.il)rury Miiii)tLI)l¢ llcc F.xpciiscs 36,851 4,297 65.590 10.3C)4 7,690 36.851 4,297 65,590 10.3CI4 7,690 39,888 1.353 66,358 7,734 5,264 39,888 .353 66,358 5,264 328 328 607 607 Audil fees Bdnk Chargcs 11.600 11.6011 1,113 8,150 9()4 8.150 964 125,120 9,713 134,833 121.204 9,114 110,.118 Aiiiilyscd bcliveen Lliarilablc a¢livilic.% 125.120 9.713 114,8.13 121.204 9,114 130,318 'rrii$tees Noiic of Ihc IruslcLs lur any person5 connecled iyiil) Iliein) r¢¢civ¢d aiiy Teiiiiineralioii or bencfjls froin Ilic cliarily diiriiig IIIL yL'hr. The Cli￿ritY carricd indemnil), insiiraiice for ils Iruslccs. for 14,hich ft prcmiiim of £4,272 (2022.. £3.733) il'as paid. 12 Eniployee5 'I'hc avcragc nionilily n(Imber ofcmployces diiring the year ivas: 2023 2022 Niiniber Niiiiiber Employment cosls 202J 2022 Vagcs and salhries Oilier pcnsion cosls 251,624 18,065 235,821 11,017 269.689 246.838 'l-hc Iruslees of tl)e Japan Society delermined thcrc to be 3 members of key managemenl personiicl. The lolal cmployee remuneratioii of key mwiaEement pcrsoniiel of the charity ivas £116.619 (2022- £88,974) There ivcrc iio cmploye¢s whose annual remiineralion ivas inoTe than £60,000. P8ge 24 THE JAPAN SOCIETY NOTES TO THE FINANCIALSTATEMEN'fs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 Net Eainsl{losses) on invesliiienls Unrestrirled flliids Designailed 2023 TotAI 2022 Revuluniioii of inYL.41incnls 4.108 14 TAXlltlon 'I'li¢ cliarily is L'xeiiipl froiii t￿y on incom¥ and gaiii% folling wiihin seclion 505 of Ihc 'I￿e.$ Acl 1988 or scclioii 252 of Ilic'l axalioii ol'Cliar8eal)le Cjains Aci 1992 10 tli¢ cxlenl Ilia( Ihcsc are api)lied lo ils cliarilable objccl5. IS TRngible fixed Assets IriAture5, nitln#s & tqulpnieni Cost Ai l Juiiiiary 2021 55.271 AI 311)LLLITIIK'r 2023 55,271 Dei)reciA¢ion Mnil Itiipxlriiieiit Al l Jcll)Llllry 2023 l)epTLcialioii cliiifgLd in Ihc year 43.825 4.297 AI 31 D¢c¢iTib¢r 2023 48.122 Cari'ylng 8nioiint At 311)LcLiiibLr 2023 7,149 Ai 311)ccembcr 2022 11,447 pag¢ 25 TH￿ JAIJAN SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMIIÈR 2023 16 Fixed Asset investnients Li5t¢d Iiiveslmeiils Cost or vAIuAlion Ai l January 2023 Addilioiis Vulliiilion chang¢s 290,000 4,108 Al 31 Ilccciiil)¥r 2023 294,IOR C•rrvin% Aiiioiiiit AI 311)LLLITibLr 2023 2Y4,IOX AI 31 DLccinhcr 2022 17 Dibtors 2023 2022 Anioiiiils falllng di1¢ wlthln one yexr: QiliLr Il¢biors l)rcpAyin¢nlS Élnd ac¢riied iiicoiiie 22,Y¥5 32,165 20,60() 55,150 34,302 18 Cre(lilors: Amounts fAlllng due within one yeAr 2023 2022 Oilicr la%&lioii and social security Trade crcdilors Qih¢r Creditors Accrlials and deferred inroiiie 3.094 5,3%0 5,OX3 51.171 29,027 56,235 27,853 87,182 90,661 pag¢ 26 THE JAPAN SOCIETY NOTES TO THE FINANCIALSTATKMENTS (CONTINUED) FOR TIIE YEAR EJVDED 31 DECEMBER 2023 19 Restricted funds Tl)¢ fui)ds of tl)c Sociciy iiiclude re.4lricled fui)ds. lThe folloii'ing are ilic uiiexiieiided ba[￿ICe$ of sucl) fui)ds'. Illovenient in fuiids l*¢oming l