**Charity registration number 1063952** 

**Company registration number 03371038 (England and Wales)** 

**THE JAPAN SOCIETY AN UAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** 



THE JAPAN SOCIETY
LEGALANDADMINISTRATIVE INFORMATION
Patron
HRH The Duke ofGlou¢¢st¢r, KG. c￿0. GCSU, SS[ FRIBA
Pmklellt
Vke Prejldents
Daisuke Motolani
Yukinobu Nakano
Tom Osborne
HoDor¥ry Vke•PMlderyts
ShinEbibarn
Bill Ernrnott
Hiroaki Fuju
Haruko FukwJ&OBE
K¢iicbi Hayasbi
Sadayuki Hayaslli
Hiroshi Kitalllurn
YasutnosaN8gattiine
yos￿.)7 Nogami
Chn"stopher Punrys CBE
Vis¢ouDI TTeThchard
Koji Tsunjoka
David Warren KCMG
Offl¢ett and Trurtees
(as at 31 March 2025)
Th¢ Rt Hon Gre¥ Clrt Cbair
S*phen Barber
Anno Din8l¢y
Yoko Docbi
Emma HickiDbothwn
Hclcn Macnw8bwi
Neil Rilcy
Perniile Rudlin
Tomoko Samki
Clare Weaver
Nigel WeS1ings, Hon Solicitor
Nick Woodford. Hon T[e￿urer
kiko Yano
Rie Yoshitake
M4sthL Ik¢8ami. Vice-cbair. Observer
Sue Hudson, Hon Editor. Observer
Jenny White, Hon Eth'ior. Ob5cr¥er
ChlefEx¢cutlve and Company SecrtAry
Dr Michiel Rivern KID8
Charity number
1063952
Company
337lQ38
Prlnclp*l Addr
13114 COrnwBllTe[r￿ LonthD NWI 4 QP
RichardPI￿eD0b$On Services Limited
1-7 St*ion Road
CTawley
Wesl Sussex
P￿10 IHT

THE JAPAN SOCIETY
CONTENrs
P*ge
Tnutees. report
Ststement of truste¢s' r¢sponsI￿111ts¢s
tnd¢peTMlellt auditor's Teptsrt
10- 12
Ststement of ffftan¢ial #Ctivities
13-l5
BalaA¢¢ $h¢¢t
16
Note4 to th¢ fillon¢ial statements
17-30

THE JAPAN SOCIETY
TRUSTEES, REPORT (]NCLUDING DIRECTORS, REPORD
FOR THE YE4R ENDED 31 DECEMBER 2024
The Tn￿te¢s, who arc also Dire¢w$ofthe charity forthepwp05esofthc Coweskn 2006. prescnttheirr¢portwith thc fman¢iAI
statements of ibe chaTity for th¢ year ended 31 December 2024. The Twmtts havc adopted the pTovision5 of &¢¢oiJnting and
rtitig by Charities.. Ststemetti of Re¢ommended Practicc 8ppliubl¢ io clwitiC5 prcpariug their in a¢¢ordan¢e with the
Financial ReportitL8 Standard A￿lICable in the UK and Rcwbli¢ of Ireland (FRS 102) leff¢¢tsve l January 2020.)
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Japan Society is a company limited by guarante¢ and u Such bl governed by its Men￿1[1￿duM M)d Article& of Ass¢xiation. It IS
a registered charity.
The memb¢rs of the board wbo served during thc yctr were..
Bill Emtt]ott- Cbairn
(R¢tired 31 December2024)
Monin Hatfvil- Deputy Ch•irA￿ti
(Retired I I September2024}
Hiroshi MaL3uura- Vice Cbairnwy
(Resigned as Tn￿1¢¢ IS April 2024)
Satoru Yoshida- Hon Trea5urcr
(Retired 20 November 2024)
Nick Wwdford- Hon Tr￿surer
(Appointrd to Erf)ard 8 Septemkn 2023. Appointed u HOD TT¢a¥urer 20
November 20241
Ni8el Wellitigs- Hon Soli¢itor
Su¢ Hudson- Hon Editor
Jenny WhL'te- Hots Editor
Stephen B4rber
Ann8 Dirtgley
Yoko Dochi
Tim H￿In
EMMA Hicknnbotha
Helen M8¢Daugh￿l
Y*su)wki Oklzaki
Ncil liil¢y
Julie Ro8er5
P¢rnill¢ Rudli
Tornoko SAuki
Clare W¢av¢r
Akiko YaDO
Rie Y05bit&k¢
(Retittd as Tn￿1¢¢ I l November 2024)
(Rell'ffd a5 TTUStee I l Noven)ber 2024)
{Appoillted I I S¢ptember 2024)
(Retll¢d I I Sep*mber 2024)
(Resigtted as Trumee 15 April 20241
IR¢tiTed I I September2023)
(Appointed I I S¢pt¢mb¢r 2024)
(AppDinied I I September 2024)
The Observets of the boaTd who thiring the year wwe."
Sue Hudson
(Joined as Observer I I September 2024)
Masaki Ik¢gami
lJoin¢d as Observer 20 November 2024)
Hir08hi Maisuura
(Joina as Observer IS April 2024, R¢sign¢d S Septernber 20241.
Y&w)wki Okazaki
(Joined as Observer IS April 2024)
Jermy White
(Joined as thser4er I l November 20241
' Owing to Hirothi Matsuur* Tllo¥itt8 on ftorn role ￿ th¢ Mirti$i¢r Pl¢nipoteDtiary at the Emb455y of jap￿ tbey tto longer sil
an observeron the b0￿d and their successor. Mwkn" ik¢ganw ba5 takcn thcir place.
Appolntment ofTTh$t¢
As sel out in the Articles of Association. thc bo*Td of The Japan S(xicty consists of a Clair (or Joint Chair), 8ny Vice Chair or
Dcputy Ch&iT, and Orth"nary Trustets. with up to 15 Trustees ID totsl. Vice Chain may be appoint¢d annual by the board from their
number, The board can a]$0 #p￿IllI li) the m￿Lffler Plenipotenti￿ ai the Embassy of JapaD.' aod {u} m￿lster lor CouDsellorl
Charge of Public Diplomary from time to time. Shall. if they wish to be 50 appointr4 b¢ ap[M)￿ted by thc Board CA offi¢io a$
Observ¢rJ.
The Board may appoinl as Officers in(0 the role5 of Honorw T￿tsurer. HonorJry Solicitor attd Hottorsry Editor, with such roles
and on such tenns as the Board deterniine. The Honorary Sobcitor and Honorary Editor shall bc appoul￿d ￿ an Observer for
a5 long ￿ they are In Officer.
All other m¢mbeTS of the IN)￿￿ Iwnh the exception of the twv OE officio Tn¥tees from the Embassy who serve as Observe[3) aTt
elected foT a tern) of three year5. At the end of th¢ first tern4 frustees may Stand for re-clectioTr for • second thrcc-ycar trnn. Aside
from th¢ Hottorary Treasurer. no one rnay5¢rv¢ as an ordinary Tro5tee for ll￿￿¢ than six consecutive years. The Hon¢)rary Tr¢a5urer
shall be prrmitted to serve in that role for 8 perithl rM)t to exceed ninc Y￿ts.
page I

THE JAPAN SOCIETY
TRUSTEES, REPORT (INCLUDING DIRECTORS, KEPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Biil Ernmott sttpped down atth¢ Cnd of 2024. bavinE Served as Chait for Six yea￿. The Rt Hor¢ Greg CJ8xk was electcd as a￿]r at tbe
Annual GetttThl Meeting in 2024, to ¢onuDcn¢¢ on January 12025. Ai the 2024 AGM Martw Tim HardiD8. and Ju]i¢ Roge
Stood dowa having Served on the boatd f¢)r six years. Four tn[St￿ Steph¢D Barber. Yoko DOC￿.. Euyna Hi¢kitsbtstham. and Hejen
m￿nIU￿b¢an Stooddownai the endof a thrc¢.yeartrlln aDdwere all tt-electe& Three new tru5ttt4 ADDa DJ*y, Tomoko Saspki. and
Akiko Yano, were appoill*d to the boaTd. In 2025 Iwo tru51x5. Neil Riley and Petnille Rudhfy will St￿ dow4 having s¢kv¢d six.yedr
The board mc¢ts ai regular ititervals in QTd¢r to provid¢ st£a*gi¢ dÉrEdion and to monitor and teview the a¢uvitie$ of the Society. It met
rive tin￿ in 2024. Meetiugs were primarily its-person mCCliDgs with pmvision for tnsteei 10 joiti remotely if necessary. Th¢ day-104Jay
njntiing of the SoGicty was carried out by the p¢rmJneDt 51aff under the leadersh￿ of Michael Riverd Kin& who reports to the Chair attd
the b02T(L Mich3¢1 w4S 5UPPOrted by 8 team of kmid sraff. The aetivities of th¢ kni¢ry ￿e organised by the offic4 with support atso
provided by activity 8roup sulTrcommitt¢¢s, which meet on an ad hoc ba31$ and Nthose rn¢rnb￿S are voluTrt¢crs. The Society a]50 receiv¢s
wpport from volunteery notabty Jw in Your clas￿00￿￿ voluttte¢r& school visit progrgnune.
A non)in41ious rortunitlee review5 the skills that are requtred ott the board from ttme to ttme aod the suc¢es$iott policy. makin8
recommeDdations to the board ott possible firture appointm¢nts. Th¢ following skiii3 1 interests ￿ve b¢¢n id¢ntifi¢d as particularty
relevant to TheJapan So¢i¢ty and axerepresettkd on thecurrtnrbo4rd: the arts: the J4pan-retated buSTDe5s community.. culDJre, ac4d¢rni
school ¢du¢ation and outreac￿. fimdrai5ill8. The board itl Djrn makes proposals to the members of the Society in adv￿¢¢ of the Anrtudl
G¢￿ra1 Meeting. The r¢¢omtnend&tions for eleetion ai the (onhcomiDgAnoualGeDeraE Meetingare de￿lled in thep8p￿S forthe AnIM￿l
General Meetin& Th¢rol¢ of th¢ board a￿d the OTuanizalion's ¢xpe¢wioDs of its board rncrnbcr5 are di¥cuss¢d with new Trustees prior
io their elcaiorL
P*y Po
The pay of staff 15 reviewed by 8 f¢Dlltt￿oll ¢OTDTDille¢ and incrns¢d ID accord￿ with av¢rage ¢￿ttIng8. In view of th¢
llatsre of the ¢baTity. the Trusteesbenchtllark pay kveis ID othrr 5imilaroTw1zatio￿ R¢muD¢rn¢ion is ilso r￿l￿Ved where job
descriptions Are changed SigDifx¢antly.
All Tn￿te¢S give of their time freely and no Tru￿ee received t¢mun¢rnlion ID the y¢4r. Details of Trnstets. ¢xp¢tts¢s r¢iared paty
tran5action5 are disclosed in notes I l and 23 ro the 3¢¢ount&
Rilk M¥naxanertt
Tbe audit, risK alld goverDOnce commiue¢ Iwhieb for the 2W24 accouDts COU￿[1$¢5 Cl￿¢ Weaver. Ni8el We]Jitt8s, and Tomoko Sa5akil,
along with the Honorary TT¢a3u(er. considers the accounts and the F￿0nDance of th¢ auditors befo￿ T¢Vi¢W by the Chair and the board.
The committcc m¢¢ts at 1¢85t thttt tixll¢s a YM iepi)rts to the btsatd. These reptsrt% eovec the llujor risks to which th¢ Sociery is
expostd a￿1 the systems establithtsA to mitigate these iisks. A Risk m￿￿geMen1 Re8i8teT 15 and ft*rn]&ily reviewed by the
Yn advI￿COr the 2024AGM the B(th eonduc*d a revi¢w ofth¢Arti¢les ofAssLxiatiOTL This wds donc forthre¢ main re4soDs: a) to
brmg th¢Articles in lille with in COTnpany law since the rffeyi0￿ revision itt 2(KJ9. b) tt> *tspt theArtides in reSpo￿t to chan8es
in Gornpliance prdctice at financiaj In￿ltutIOnS vthich have made the tr)le of ttustct5 (formalty. company directon) rnor¢ onerous in sotne
ic2] rtspecL% aU5ing diificuJ%iu for those with diplomatic slaius,. andc) to fillth¢Y aiigft the Japall Society wryth bcst Practicc for
chatity 8overnance. Changes iTLcludts)g int¢graw rllemorand￿ orassoci￿70￿ the 8rttclc5. cr¢8tsng obseryer wles ¢>n the b)a7d.
smd simpljfyllig theproeedwes orAts￿￿tee rotatioJ4 alollg ￿ *n¢nthneots to refl￿t the Ckni¢icsAct2011 and Cbwity Commis5i¢)n
The Society's obj'ects os Stated ID iL¥ Ani¢k$ of Asso¢i4ti0ts *e:
a) PTomote the swdy of jap￿ iticluding its Culture and its pcoplc. within tbe United Kingdom aod beyort.
b) protnot¢ the study of the United Kiti8donL including tts ctsiDJr¢ and its pEopl4 witbitt Japan and beyond.
c) ¢nsur¢ that suck study as out in Articles a) and b) aljove is more aLxessible to th¢ EeneraL poblic. and
d) streDgthen the conneetions and unduthdin8 bELween th¢ p¢opk of the Unit•J Kitigthsm andjapan in cvcry wayp05siblt.
R¢vi¢w of Adiviti¢s
The board repjlarty Ievicws th¢ S￿iety's acfivitirs tt) that its kEy objeclive5 are bein8met as well as to coofm Iheir conti￿uMg
re]eW￿e. The T[￿SteeS are mindfid of the Chariry ComtNMiots guidall¢e on public benefit and coTrsidet thi5 when Trri¢wing the
So¢i¢ty'5 activities dunng tbe yer and iti platitiiti8 thatitablE ¥tiv[ti￿.
pag¢ 2

THE JAPAN SOCIETY
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONfINUED)
FOR THE YE4R ENDED 31 DECEMBER 2024
Th¢ vision that dtives the So¢iety's •Jnual progt8mDX of xtivity is the etsbatteemeffj of undcrstaDdmg of Jw¢s¢ hfe and culture and
of Ill￿$ betweenthe UKand Japan. Thi5 ￿fOrn￿ all ar￿8 of the progtaTnme. whether dwect school-f¢xused educitiou iwtiatives; lectures
and 5¢min8rs for th¢ general public and busill¢SS leaders., eVet￿ introducing aspccts of the ¢u]wre of both countrie5'. oppommiti¢s for
people to meet In t[￿re infornHI settings; out cot)llllunicaiioDS work for mcwbers tbebrcladerpubbc: or the provision of small grallts
or other 5UPPOrt of Jtpan-related p￿JeCts thDt aTe organtted by otheTr.
In ttll's ¢out¢XL the Sockety 5trive5 lo eDsure that a si8Difi¢ant ¢lement of Lts activity 15 ￿essIble to an audience beyotld its Tncrnbership.
Many events are open to noth-mernbcTS and avai]8bl¢ online, wbile the sch￿15, education progTamm¢and the small 8rants schcmc extend
throughout th¢ UK. Reduced rnembcrthip fccs for SnLdettrs. recently rewrn¢xl JET prograu)u)e participarlts. and those under 25 years of
agc are SCI in ordtr to en¢ourag¢ pwu"¢ipatiOD by thc ncxt ¥etterntion. vthj the UK-Jaw rd•tiotsshw forward t￿e comiD8
ACHIEVEMEKTS AND PERFORMANCE
The Japau So¢iety staff are orBani5ed into teaiihs, ofedu¢ation, ¢vents, membuthip and commuDicationsandpubli¢atiotts,
and admim"styauon.
Th¢ Society 15 profoundly grateful to Companies i1￿1VIdual5 who support it in realisin8 its mission. These p)rttsers $har¢ its bclicf
in the irnportancc of proTllOLiog 8 8ood mutual under5¢anding betweets the UK 2nd JapaD. Thi5 fllwieiA] support is ¢ssential for the
Society to r¢41LS¢ Its obj¢¢tiv¢s and allow5 Il to cnsurc that pn¢e is tsot a barrier to rKople wishing to cn8•ge. The v&5t majority of the
Socicty's s¢hools' education serviccs are pmvided f￿ of charge: membership ol the Society is nol a prerequisite to U5in8 tbese
services. Further, ￿yOne may join the Society's mailing IISL to learn more aknut Japan and many events are open to noD-members ar
no or low COSL
The Small (3r8nts Programrne Temained paused ui 2024, with exceptions madc for small 8rAttts awarded to J•p4n So¢iW Scotland aThd
Jopan So¢i¢ty Nonh-west. The Society hopes it will be possible lo re518rt it duriDg 2025 as it 1$ An irnportgnt way of supporting events
0f8onsz¢d by other5 which Lre in further8tt¢e of the Sociery's obj¢¢tives and whicb p￿vIde opp)rtu)ities for new audiences acr055 the
UK to yin understanding of Jya.
Edlleation
The edu¢&tion progranwie has beeD developed oui of * belief in the value ￿ yowig people in the UKof growthg up with In &warene
attd understAnth"ng of Japan aDd its culture. ttt additton ￿ historical and busiDess reawDs for learning About 8 kny wlernational partrLer.
there are more 8eneral benefits of broad¢ning horizons and Taism8 aspiraiions. Through 1¢$ a¢tivities for 5choots, the Society 5UPPOTIS
tro¢hers who may have limited experits¢¢ of J•patt thunselves in prowdm8 thex OPPDftuniti¢S for their mid¢nts. Activities in 2024
included..
Sixth-Fonn
Descriptiott.. AfR¢ onethy couThe. de￿￿ed to live sixth-fonn studeDts4D ill8￿￿1 into J4Jan throu8b le¢kntres ADd pr•clical
workslLOP5.
Impact.. Host¢d byBirkbeek. Utiiversityof Londoo we b•dov¢r80 att¢Ddees from21 differertischools, with I l univeT5ities.
the JapaDe5e Embassy, the Japkn Fouttdatson, Londofy and the D8iwaAtL810-Jap8ttese Foundatt"on.
Noie.. It) 2024 we $￿'fted focus from'experieD¢e JApanese culnre, lo'study￿s Japanese atunrversity and subseiN¢ntcareer
paths.. This resulted in a s1i8htly SmLller number of att￿¢¢$ bul a 6igDificant increase in eng•gemen( satisfaction. and
irnp￿.
Japan ITh Your Clossroom
Des¢nption'. 12p8nese volunteers Visit primary se¢ottdary schools to introdu¢¢ aspects of JaP￿￿$t life Atsd cu]ttwe, ond
sthar¢ Japan-related knowledge arhd skills.
Impact.. Visit5 to 27 s¢bool$ acro￿ the UK 12 for the f￿5¢ time. reac￿￿8 1.710 sttthnts •ry08s 84 sexSion￿w0￿h0Ps. This
include5 on¢ 5Ghool forpupils with special educational needs.
Tesiitnonial.. Thonkwm so rnurhfor crxning tA ondshorirtgwurknowledge the childpert. We all loved1¢
nd leorned so muchfvm you. including ryself We not know children go ￿ s¢kool by ihenLtelves or thot thry clean
Ihe schooll Orlgami w45 ¢xrylle*ttthdthey ta￿ olnadyasking ifw¥ c4n wsil oga&n. We ￿llY woni ￿ go io Jopt¥n now
Lo&n Rcsour¢es
De￿￿pu0￿.. Free schen* providiDg loans of cultural ite￿4 ￿Ldart¢￿¢tS to s¢bools to suppon *achm8 abjut Japan ir&th¢
¢I￿room.
Impact.. Wc reach￿ 33 *hools or8aDisatioLs actO55 thc UK 16 for the fitst ¢im< at)d approximately 3.680 students.
Supportrij thffe ￿h0O]S Thith Twits with S￿181 ¢duution41]Keds.
Testirnomal.. li has be¢Jr to have rcal ortefocts which brnught alive the loprc ofJoptuJfor thepul Dsti Iiioiitkr.
Our sitsdeptts very much enjo)rd 5eEing irnd leorntng ébout every little item thai cfjjne the box ond li fvn
earch abLWt the differentfutiwb r¢lai¢dto eoch
pa8e 3

THE JAPAN SOCIETY
TRUSTEES, REPORT (INcLUD￿G DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Downloadable Resour¢¢s for Teachers
Description: Fr¢e onlin¢1¢sgOD resou￿ and aaivities availabl¢ to all to makc te¥hing about jap￿ acces51bl¢.
Impa¢t.' trt the 2024 caklld3r yeaT. our re50wcts w￿¢ doW￿l08ded 1,725 times from TES (th¢ TiTnes Education
Supplement), ￿a¢hing over 51.750 st1tho￿ iti addition to doWr￿oadS from our w¢bsite.
TestimoDiai.. Tkue excellenlTeyourcarwtth a Iorofa¢tiv￿It¥ thotwtllbe suifablefor Year8sthdents. Thqare byfarLle
b¢sil've see
Teac1￿Training Cou15es
Description.. Various teacbeT trdining pmgramrt￿ aimed ar facilitatillB educa￿r5 introduciD8 Japan w theirclassrooTDS.
IWL Highligbts of 2023 includ¢ a six.wcck SoTob•o cowse for *4£bers. introdu¢itig how lo Iise It in the cl&8sroonL
Japan Youth Collective
DescriptioD". Itiiti*tive for 16-19 yur olds would othenvise not be able to access progr￿n￿)ng lik¢ thls to
discovet mor¢ about japa￿ rn¢¢t Dew people, learn new skius ottd work on a fjDal eveni to itispire othct5
Impact.. We beld 10 s¢ssions in QI of 2024 (16 and 8 oplional 5e5sions altO8ethtr sijce August). ￿ClUdIng on¢
s¢ssion with university St￿nts from Japan as well as a final event ptaDo¢d by the gro￿ at Japan Hous¢ l￿dOn in early April
In this period. the 8roup worked with various Japattese eultural expens 8T￿ professionals as th¢y plaw￿d rhtir fu￿1
eve￿. Durin8 the Srat¢ Visii, 9 members attcllded th¢ RK¢ptiott ar¥1 spoke with HM Th¢ Ern￿￿T. Itt the sumer, we funded 4 JYC
alumThi for the 2024 uc￿Japan Youth Chall¢ng¢.
Funded by Japart House Londott Tn￿ artd the Grt&t British SaAkawa Found￿]￿￿
Tesllnwlli¥ls.' Through rhe Japtzx Yotsth Coll¢¢rfv¢pro8ramme. l aplored rt diverse ronge ofJapan¢ve ¢t4114r4 from
toiko dn4Mln8 io sraphic l 41so Dwde ffitewfvep￿ L)utslde ofsi¥thforn4 whleh he4Jed me de￿￿loP confidence rneeripJ¥
p¢oplefrom differen¢ backgrounds-an experiuce ihaipwuredmefor witversity life. Addiiionally, orgaxiithg thefinolJYC £ve￿I
gave me vth4ble Insi8h( inlo evenr mapu¥•neni. Jpartth8 ¢7n c4reerpath Ihadn i Confidtredbefor
Haiku Conten
Dcscription.. Th¢ So¢i¢ty JAL F￿n￿l￿1,3 bi-annual Haiku ¢ont¢5t for the UK.
Impact.. We reeeived over 800 entri¢s from 46 schools aud ov¢r200 iDdiTrith4Js, up from 32 sebool$ and 140 individu818
Sn the previous contrst.
Express YouTxeif2024 (North_E•M Festival of L4D8uag¢s Jnd C￿1￿￿¢}
Description: Svpporting an oolitie eveot ¢elebraDng JaD8Ua8es ¢ulnwes in NoTth-E¥¢ Eugljnd aod its ￿[nection1
with th¢ world.
Impact: 38 registtatiOD& from 22 sc1￿1& 2 community aud 14 individ￿ r¢acknti8 800 slltht% the majority
Dew to JapatL
Prnj¢cts fi￿ded by a grant from The Embassy of Japan
Impact.. In the first thrce months of 2024 we ran thrrc Dew projects.. Subsidis&l exprrt ¥isits to schools in 'D¢W' T¢gions'
Mini-cbest loan resources (to r¢du¢e costs foi Sc1K￿lS and taT8et diffemt in*rcsts aDd use).. and a Japan MiniFest acrjvity day for 91
children and youdL ltt tlLe a￿tUrn￿ of 2024 we also Slarted coll8boratiDg with l(u] ￿Tr)raTI¢$, tsfferin8 various free GUItt￿l a¢iivities to
loc￿ con)munities. Tbese blve reached 150 peopl¢ so far.
Tt5tirnoniJl.. Th4nkyo¥for x7th xf loprovidÈJap4nue adhwolsessions io $¢knLs und children in our areo.
rhe quality ofthe worbhow weT¢ ucellent t7nd wve well re￿1￿( People ￿ ihe community w¢genMinvly very inferesred i
the ￿1¢￿￿￿1 artiwries. many of them non-Astsm,' the worLfhop style was much appreciffjed attrncts manypeoplÉ. J would
like tts eA¥ose d£fferent¢￿ta ofomr borokgh ￿ th¢fv￿re. l Te4lly (Qnnoi ihankthovghfgTJV¥ andrvtryone who ¢rtvolved.
tmpact: UK.Japan CosDwne Desi8n ¢ODttst IiDknI to the Sra¢e Vtsir- ￿CKY¢d 179 entries from all fourttatiotts within the UK.
pag¢ 4

THE JAPAN SOCIETY
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {coNfiNUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Ev¢nts
The Sociery held 92 events in 2024. by nc•rly 45.(KIO people. Of thesc events, 67 wue beld iTh-pcr50n with 25 onlme. The evellis
programme was thvided itiio th08¢ focused on al￿ Culnw¢. Bwine54 T¢Jd&y ill jopa￿ and Specth] Ev¢t)ts.
The highligbt of the year w85 the 'Re¢epiion with the Community & Fricnd5 of Japan, in the prcseDce of HM the Emperor of
Jllpan. held on the 24 June 2024. This w&8 or8anised in associotion with the Japancse Chamber of Corntnerc¢ End Industy, J¥an
A550ciaiion in the UL Nippon Club, and The Japatlese Women'$ As50ciatioD ID GTcai Brithin. We were honoured io be 8Taced by the
presence of His Majesty the EmpeTor ¥nd were debghtcd thai His Royal Highness Duk¢ of Gloucester. patron of The J&p8n Society. also
joined the rcccption. Th¢ JapaD Society Chair. Bill Emmott w&s the offici41 hosi orth¢ event 8rectin8 and J¢¢ompanyin8 HM The Ernperor
oll behalf of thc five ¢o-hc*$iillg or8aniscTS. Wc wrl¢omed more thaD 400 guc$ts frotn culture and civil so¢i¢ty, business. and 5cienc¢ and
re5¢arC￿ along with r¢pr¢seDtativcs of tbe Imper￿1 Hous¢bo1￿ Royal Househom, and both 8overnmettts, iTh¢ludLD8 the Arnbossidor of
Japan lo the United Kingdom. Hayasbi Hajime, and the Ambas5adorof the Util￿ KLD8dom ￿ jap￿ Julia Longbottom CMG. His Majesty
thc Emp¢ror gave a speccb ￿ th¢ attcnd¢¢$ in &L81ish ID wbicb hc said: '1( is the conn￿¢10￿8 betw¢¢n pcoplc thit drivc our so¢ieties
fo￿#Td and whi¢b ereate the foundatiow for the exchanges bctwcett cowitrtes. It 15 my wish thai ow baawal tie5 will even stsvnger
in the ye￿5 to COTne. buildjng on firni ftiunthtions as people ￿ pw>le CL￿￿¢￿￿10nS'.
Collaborators on evettt PTO8rBmme for 2024 iti¢luded The Embassy of Japkn, UK-J8pan 21st Century Group, th¢ British-japanese All-
Party Parlianffti¢ary Group. the Foreign. Cott)n)oow¢alth, and tkvclopttKttt Offi￿. Nomurn. tkn Jipallese Cbamber of Commerce and
Indu5ty UK, Asia Society Japan. UDiqlo. JETRO, and Baker McKcnzhe.
Amollg the gu¢M speakers at th¢ Jtth of th¢ year were HE Julia L￿bOttoM CMG, British Ambassth to J•p¥ who used th¢
Ainbdssador's annual lectu￿ ￿ brief on the 818t¢ of UK Jdpan relaiions, and th¢ astronaut Naoko Yjniwki. who spoke oll get￿eT equality
in her webinllr'JD Sp￿ w¢ we equ￿..
Hi8hii8bt5 in the spring included our first iti-persoll event address)￿'wO1n¢tt iti WO￿ in the Japanese coniexi,, kindly host￿ by Ntsmur
and cbairedby Emiko Terazono of tbe Financia] Times, aspe¢i&l private viewof 'Ok￿￿1. atthe Michel Hoppen Ballery. and PAU] Mgdd¢n.
fonner Ambas￿d9r to J8pffj refl￿lti8 on bis travels duriDB hi5 diplomatic postin8.
Th¢ summer opened with a call181￿￿Y W9￿5￿0P ¢u]Jninat¢d in the iDau8uThI Cofiazzi Leuure, delivered by Mwni Miwton and
kindly hosted by the FCDO in th¢ Lwarno Suite.
The autumn sawnearly 40.000 people Joiti the J•path Matsuri in Trafalgar Squtr¢, • very informative joint-JCCJ lun¢h with Lord m￿de150n
OL Labour's relationship with Japan. And the Coll8r Cup golf tournamcttt 18aiD# the JCCI. Other highlights included Lioncl BArber
speaking on his new book. and a demon$tyatirJn frorn Take5hi Mustsbigaw4 4 fourth-8eneratioD iwuenvar¢'r&len' artist.
We held M 'Annual' diDners itt 2024. with the 2023 ryL¢ havin8 beiDg p)styoaed to January 2024. Our ftrsi Annual Dinner was 8raced
by To80 Igaw8, whose p¢rformance left our members enraptur¢d. We were gratefvl ty Amb&ssador Suzuki forst)ndin8 in for Princc55
Akiko of Mjkisa Jft¢r a family ma¢ttt meani th¢ PriDcess had to return to Japan on the eve of our second Allnual Dinner. The year was
round¢d ¢ff with our Christmas Patty. wbich Ambassador Suzuki kit)dly host￿ at the JapADese Embassy.
SA￿11¢[. off the record meeiinBs were beld for mttjor parthers of th¢ Society. These events provided opportunities for those involved in
business and Bovemmcnt to sh￿¢ ideas and in[orn￿￿on. Durm8 2024 these featurcd Julia Longbottom CMG. wlw joitsed 8UPPOrteTh for 8
diDner followin8 her lect4]re: &T￿ HajIti￿ TakJl4 Board mcrnber oltbe of Jyn.
J•pan Macro Salon.. Bill Emmott with Jesper Koll, iti 4$80¢iation with Asia Sociw JApaA
January Guc5t.. Kciko
April Guest". Yoko Iwama
July Guest.. Mitsunobu K05hi
tober Guest". Tobia5 Harri5
pag¢ 5

THE JAPAN sOc￿Ty
TRUSTEES, REPORT (INCLUDING DlliECTORS' REPORT) (CONTJNUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Lectute $erKes
January. Christopher Switchkn8 Tracks ftomthe GolderL Route: Trellds. Strate8ie5 & CballeDg¢s for tnbouud Towism in
Japan
February. Pwf¢ssor larA Gow: Fi￿t Contscr. Th¢ Earliest Swts in J4paD (1613-I623}
marc￿ Ro58nna Rio$ Peti Kat37J)mc Dyeing Artists and th¢ Mitigei Movement in Post-warJapan
April. Dr Anna Vittin8hoff.. Women's Libmtion Movepw Dis&bility Activism and R¢pr￿lUC[lve Ju￿1r£ in ]￿8￿ {1970-1996)
May. Dr Sb#rl¢en Estampathr. NostslgÈ4 Soft Powcr. Intrr5e￿llxJIty and the Jap8M Exchange and TeacbitiB (JET) Progratnme
June. Dr Liiiana Hardtng: A Comparison On Gender RepresentatioTh Htgher Edu￿10￿ and Economic$ tn J418n and the UK
July. Pernill¢ Rud]iti: Karnwaz4 a ￿'SkY Business." Japatt#e A￿Obats in Victor&3n Britsi
August. Dr Martiua BaTadcl.. The Importance of BEin8 an Anesan.. Womcn in thc Yakiya
Septtth. Marry Gross.. Crniing the Mitigei Fdm ATthiv¢ Projecr Cra*L Hiswry &Ld PrLseThation
October. Lesl¢y Downer.. Court Ladic5. WomeD WaThiorn aud court￿￿. A Hidden History of Jap&
Nov¢Jnb¢r. Cauum SarTa¢iDts.. Thr LGBT Boom.. Queunw in th¢ J•paLese Media since 2010
Decernber. Dr. J2$0ry Danety: An Unsettled Fulure.. Lif¢ after Pnson in Japall'l A8CTnK Soci¢ty
Private Vi¢w$ & WorkslLOPS
January.. New Year'5 Ca]li8t¥hy Workshop
Jaouary.. Daido Moriyam#- Special Pn"vat¢ Vi¢w with CU￿OrcIaTe Grafjk
FebThwy.' Speeia] Filrn Club.. Tea & S¢re¢llio8 With DarxtOT Tctsu Maeda in parthership Japan Fouttdatiort
February.. Woodblock Workshop with HJJoko Imadl
April: UttN#sked.' Gallery Tatk with Naoto Yosbmla
May.. Yoi Kawakukn and Nao MatsuDaga'. Tim¢ CapgJk- Artists, Talk
May.. OKASHI- Special Private View with Michael Hoppen
June.. Woodblock Printin8 Worksbop witb Hiroko Im
July.. Calligraphy Work%hop.' Sunroer GTeetin8S
July.. Private Tour- Edo Pop.. JApaDex Prints 182>1895 & Hiroko Injada a¢ Wilts
July.. Priva* Toura¢ Sotheby's LoTMlon.' Japancsc Woodblock Trints
Au8USt: S￿h￿0 workshop with SDJdio Masaehuka
Allwr: Art Without H¢ro¢s'. Mingei- Specia] Privats T¢)
August.. Special Gallery TOUT. Yoshidj.. Thr¢e Generntion$ of JapaDC5C Printmakn'n8 with Dr Monika Hink
Novernber.. 400 Year Tndition of Taknoka La¢qu¢rwaJe ID Toyama
Nov¢rnb¢r.. Woodblock Prinling Workxbop with Hiroko im•da
Japan Society Smxll Cr*nts
The Small GTants Prograllllll¢ retijaitied pauscd in 2024. with ex¢¢plioDs for smati grthts awarded to J4Jar Stsciety Seotl8nd And
Japan Soci¢ty Nonh-W¢s¢. We hopc to r¢s¢art activities ir$ 2025.
CommwiieatioD And PubiicstioJJJ
The Websi￿ #Ad regular email ngti¢es wniiDuvJw be imporwLttoob for communiutiog inforniatiollaboutthe Soricty atsd its activiti¢S.
Alongside Fa¢ebook and X (ftsnncrly Twittrr) w¢ Wolin￿ed kn develop our Social rnedi8 pre5en¢e wirb active accouttts in Jnstwlm )Ad
Link¢dh4 as w¢ll ￿ YtsuTube. We DQW bav¢ 72.371 follow¢rs a¢Toss oll plarfornk% Tn additional to our TnailiD8 lists.
In 2024. at th¢ i¢que$t of the Imperi￿ Flouschold Agrncy, w¢ r¢published FAnpemr Nanths10'5 book 'The Thames and I: A Memoir of
Two YtaTS at Oxford, in a private edition. Wc also publithed a.1￿ckdown Years. specjat fAlÈ¢ion of the pm¢eediD84 toversng 2021
2022. along with four'The Jap2rJ So¢i¢ry Reviews., attd 33 revie￿ online.
FiTh*nriai Review
tn 2024 the Society used £81y6 ofth¢irTf%TV¢& Thc tJ¥o fxfyx5 here the Visit R￿"(￿ arkd a n¢w CRM (datsba%e}. Tle
Duw thc year individual And wrporate members cotifi￿ th pmide InV￿￿2b1c sUPPOrt thTough the bi8her.levrl giving 5thcTU¢ both
forthe genernlmissiou alld for the schools educationproBratDtt￿. The foliowill8 Co[[￿a￿£S aud indi￿dullIs have given support at a level
above tbat of regular m¢ffjbct5knp {miDirnum allloullts for each level ate give￿ inbra¢k¢ts):
pagc 6

THE JIIPAN SOCtETY
TRUSTEES, REPORT aNCLUDtNG DIRECTORS, REPORT) (COIYTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Comp￿￿41
Indhldu
Prtsldent's Clrde (£24250)
Ct)fjbor*t¢ D•nor (￿1{19)
A&0 Sh¢ann
BDO tLP
*C¢ntral Japan RaI1￿Y Con4)*ny
•GfeeDback AlaD LLP
JapaD AirlLDC5 Co Ltd
'K LinclEuropE)Ltd
Mitsubishi Heory ltsdustries Europe Ljd
Mi15ui Sumiiomo Inswr8n¢¢ Gmup
PitroTr$1£2JOO aboyel
Elizabcih Cortazzi
Bill Emmott
Mi15ubishi CorpoTationlJykkn&llxlL
Milsui & Co Europ¢ Pk
Nomura laiemational Pk
Princlp•l Benefactor {£I.000 +)
Stephen and Kimiko Barber
MidoTiko Nakajllt)a and Martin O'Ncil
Cbri5topher aod Philida 14Lrvis
Akih]"ro It￿ Noriko T5u¢hiya
Platlnum Clrele1£18J751
Ito¢hu Europe PIC
Sullwry Ew0p¢Lln￿￿l
Sompo Japan Insurntt¢eloc
Tokn'o Marine HCC
Bertef*¢tor (£51KI)
Manin and North Barrow
ChAtr'I Circle (£10.51VJ)
*Chu8ai Phann& Europe L
D4ii¢hi Sankyo Ltd
Milsubith. UFJ Fi￿￿¢181 Group
All orpart oJthe dohado•fiv
¢onwnies marked with 4sterisk
(*) been de5isnt71ed ￿ support
olthejchools educ¢7rfon A￿$￿1011
antsprogT#mmes.
Those wilh apilcmwsign rt) hd
'vefv thetrsupport through ofivei
ogre¢m¢nl.
Prllltlpil Donor (£250)
Yuiclu'TO NakajimA
Jam￿ Noble
GeolTrry Paull
Heith" Potter
David Powers
Larry Stone
Adn"an ThoTpe
John Tierney
Kent Yallwla
Corpor*tt Piiton1£7J75)
*Canon Europe L
Clifford Chance LLP
l Ernst & Youn8 LLP
Marubeni Europe pk
'1Mit5ubi5hi Electric Europe BV
Mizuho Finan¢iil Group
NSK Europe Ltd
SMBC Bank International plc
Sumitotno Corpoiaiion Europ¢ Lttl
Donor l£lOO)
Mark Ailsup
Cliv¢Bradley
Siepben C¢ylriD8ton
Robin Fox
Lydia Gomersall
ETnrna Hi¢kinbotha
Sue Hudson
Keikts Itoh
A[￿¢ K8neko
K4thle¢n kn.murn
Ruth Martin
Jim M¢Caffety
David Myllon
Janusz MoDdry
David Mymo
Char1¢5 Pridgeo
P¢mille Rudlin
Rolalld Sa￿ll
Mr8umL Spivey
Ma¢* T&le
Corporate Ben¢fi¢tor (£S35fj1
Baker McKenzie
Daiwa Capital Market5EuTope Ltsl
Deloitte LLP
•Eisai Europe Ltd
Honda MoiorEurope Ltd
JApan Exchan8e Group, Inc.
K8wasth' Heavy Industrie5
JBRA Nex Ltd
Kek51 CNC
Nikko Assel Manag¢meDt Europe Ltd
Takeda UK Ltd
Tata Cotssultancy Scrvice5
Pa8e 7

THE JAPAN SOCtETY
TRUSTEES, REPORT ONCLUDING DIRECTORS, REPORT) (CONY]IYUED)
FOR THE YEAR ENDED 31 IJECEMBER 2024
Rtserv
the ¢ULT¢llt uneertaill eeouonw ¢lillwtq theboatd IwttYi¢wed its reserves ￿)I1¢Y and h&% decided that it shou)d contirAuew n)aint4in
Tes¢rves suffiGE¢nt for 9 - 12 months. expenditljre, ¢x¢lud]ng any dts-i8D2t¢d fiuth. Funth hav¢ been designated ill respttt of
mainterwice costs. digitaiisatioll of boo￿ and inVeStye￿ as outlined in llote 20. AS at 31 Dectmber 2024, the value of uDrestrict¢d
reserves less tsngible fixed luets and desi8rtatcd furwjs w3s £193.(AM. Thc casb reserves ￿ h¢id OA deposiL
In2023. tbebo4rdtookthedecision to investasi8nific8Dt amowit ofthe Societ￿s casb reserves iti investtnentfund inord¢rto optimise
the pot¢ntial investtnent tn¢ome for the Society. This invest[t￿nI Ès ¢wT¢tttly treated t5king'designated fund5." How¢v¢r, these fun&
an be liquidakd easily and us&1 to support the Societys ongoing ll¢¢ds if necek%ary. During 2025 the board Trryll review the Society's
Tes¢ryes poliiy ID tnsure that the appropnat¢ balance is rAaiDoined betweett optimi5ill¥ inv¢stniMi and ¢n5uring the availa￿lity
of reserves.
for the fvture
Th¢ R¢ Hon Grr8 Clarkjoined The Jap4n Society as Chair on January 1, 2025. &eg wtsts closely with the board attd exccutivc team to
fimher d¢v¢lop our charitable activities, parnersbip wort athl fiagth'p ¢v¢nts. While the costs in0J￿¢4 iD2024 were anticipate￿ by th¢
board, 2025 brings a retsewed focus on OJndwsiDg throuÈh TDeaningful and •igag¢d parth¢r5hws. The l*)ard b&ve tatget&S • surplus in
2025 to addr¢ss sorlle of the inve5ttlleDt made in 2024.
In addition to serying as Secretsriat to th¢ UK-JV 21$ CeDbJry Group. The J•p8n SoGicty be￿ re.appoint¢d as S¢cYetariat to the
Brittsh.Japattese AU.Party Parli¥tDenw Group.
Th¢ So¢i¢ty needs to raise si8llifjL￿ fiwds to fjffiber tts mission of promotitig th¢ UK.Japau relationship and d¢¢p¢nitig und¢rstandwg.
Against a background ofcolltinued economic utt¢ert4inty the role of meDib¢rs aud dollo￿ bas never been more irtip0rt￿t in supportTn8
th¢ Soci¢ty's work. Norba5 thcwork ofth¢ Society everbe￿ morccriiicai, with Jttvug UK.J#pthties, codified in the Hirosbim& Accord,
of ¢¢otral imporknee in th¢1¢ss preth"ctabl¢ global eDvirotsmenL
, ick Woodtord- Hoo. Trwurtr
Dated..
pag¢ 8

THE JAPAN SOCIETY
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDEI) 31 DECEMBER 2024
The trustee5. wlw Are also the directots of Thc Jw Society for the purExJse of cornp•ny law, resEmw￿lble forprcparing th¢Trw8tees'
Report and tbe accounts irl acconlaD¢¢ with 4pph¢able jaw and United Kmgth)m A¢¢ouotsnB Standuds IUtii*d KJJ8dom Generally
Accepted Ac¢ounimg Practice).
Company IAW requires the tru51ces to prep4r¢ 4¢counts for eacb financial year fwhi¢b give a trne fair view of the state of affaiT5 of
the ¢lJan"ry atid of the incoming resouT¢es attd applicatioD of re50ur£e5, th¢ incornc and cxpethdinir¢. of the charitsblc cornpauy
for that year.
In prepRring these ￿COunts, the tn￿￿% are required to:
- select 5Uit&bl¢ ac¢ounuDg pokncies and apply them ¢otisiM¢ndy:
. observe the methods and prI￿lpleS in the C￿￿TIll￿ SORF,.
- make jud8enwnts And ¢stirDLtei re&son4ble ￿ [￿dent.
- state whether applicable UK Accounting Stsndwdl bave bEen followed, subject to any material dep￿￿￿ disclosed explained in
the A¢counis: aDd
. prepare the 8c¢ount8 OD the 8tiitig ¢ottcern bui$ UDl¢Jg it ix iD4>propriite to prtsun￿ that th¢ ¢lwity will coniitiue in op¢r2UOD.
The rN$t¢es are re8ponstblc for kcoing adequate xcountin8 recorts that disclos¢ with Tcasonablc accurACy al any time tbe fmancittl
position of (he ¢hariry and enable them to ensure thii the accoun￿ comply with the Companies Aci 2006. Th¢y ar¢ a]$0 responsible for
allfeguarding the uset5 of the clmrity and b￿¢¢ for taki￿ reasonable steps for the pT¢v¢ntion and dete¢tion of hud otlKr
irre8ulatities.
poge 9

THE JAPAN SOCIETY
INDEPENDENfAUDITOR'S REPORT
TO THE TRUSTEES OF THE JAPAN SOCIETY
OpRDloll
We have Auditrd the fiDancial $ttEments of The Japan Socitty (the 'th￿l￿.) for the year ethde4J 31 December 2024 wlJi¢h
comprise th¢ statement of fittgncitil 4divities. the balance she¢t notes to the 5tat¢ments. including sigDifican¢
a¢¢oufjting policie5. The finattcial reporting framewo￿ has been appiicd ia their prepafttioll is applicable law attd Unitcd
Kingdom Accovnttng Standards, including Financtal Reporting StathTd 102 The Ftxttnelal Reporting Str4ndord opplwble
the UKortdRepublic OfIre￿{united King&•m GeneratlyAeLept¢d A¢￿ullE1￿g Practice).
Tu our opinion, the finatteial statem¢Dts'.
givc a tsue and fair view of thc state of the ¢haTitable compAny'X affairs as at 31 Drxember 2024 of its incomiD8
resourc¢s &Thd 8pplicatioD of wourtts, for the year then ended.
hav¢ b¢¢n PTOP¥YIy PT¢pared in accordanee with United Kingdom GthernllyA¢e¢pt¢dAccouDllng Practice. and
ljave b¢eD p￿)Ired in acwrdallce with th¢ ttquitrm¢nts of the CO￿03n1￿Ath 2(M)6.
Basij for oplnlfjo
We Col￿U¢ted our audit iti aeeordats¢¢ with In￿rnatiOnal Stalldards ots Avdiiing (UK) (ISAS (L%)) and applicable law. Our
r¢y*nsibilities under those stalldards aTe fithherde5cribed in theAud1thrsrespo￿lbU1Iie3fQr¢he4￿d1I ofihefinonci&lJtalements
Sedion of our report. We are itidepeoderAt oftb¢ tharity in acconlance with the ethi￿1 requirements thal are relevant io our audAt
ofthe fmanctal statements in the LK irttluding th¢ FRC'S Ethical Swidar4 and w¢ hav¢ fulfill¢d our otherethical ￿sPOnSibl1111￿S
in a¢¢OTdance with these r¢quirem¢nlS. We b¢li¢ve that the audit evidence we have obtained is sufficieni and appropriate to
provide a basis for our opinion.
Cop¢luiion> rdatiDg th going conctr
In audÉtin8 the fwancial statements. we have eoDclud¢d thaE th¢ tru5te¢5' use of the 8Qi08 CO]L¢¢rn bJ5is of ￿￿oUntIng ill the
preporntion of the financial slatements is aEoropria*.
Based on the wotk w¢ bav¢ p¢rforme4 w¢ bave Doi identifityj any material uneÈrtainti¢s relating w events or conditions thal
individually or eollectiv¢ly, m&y wl signific￿￿ doubi on the ¢bariry'$ ability IQ WDtillU¢ Ps a goiDg coacern for a period of at
least twelve months frorn when the fthan¢i#l 8iai¢nwnts are authorised for t￿lle.
Our responsii)ilities and the Tesponsibiliti¢s of the tr￿le¢S with Yespect to going ar¢ dcscribed in the relevant sections of
thi5 r¢port.
Othtr Inftsrni#don
The other infornjation wllwi5es tbe iDformation included itithe reponotherthanthefinanei81 statemenu4ndouraudiiof'B
report th¢r¢on. The ¢w5te¢s aTe responsiThle for the oth¢r infonn8tioD ¢ODlained withill the annual report. Our opinion on the
financial 51aletueots does not cover the other inforniatioo aad w¢ do not ￿presS any form of wuratsc¢ ¢¢)n¢lu5ion thcr¢on. Our
responsibility 1$ ￿ r¢ad ttrL¢ other infoTmation an4 in doing so. consÉder whether the other infom)atioL is materially in¢onsi5teot
with the finaneial ststem¢rAts or ourknowledge obtamed in the COUTse of th¢audiL orotherwise appears to bc materiailymisstate(L
Kf we identify suth material inconsistencies or apparent maietial mi55tatctnents. we r¢quir¢d to detennine whether this giv
iyse to a tnat¢rial mis5tat¢nwnt ID thc financial statrmettts thelltselycs. If, b&sed on the work we bave perfonncd. we ￿nClUde that
thcrc is a material misstatern¢nt of this other infornutiry we are required to r¢port facL
We bav¢ nothing w report tTh thi5 regar
l¥lxtt¢rs gn whirb w¢ are requ5r¢d ts report by exeeptboll
We have nothing to ieporf in resp¢¢t of tbe following matters in relation to which th¢ Clwi¢i¢s (A￿oUnts and Reports)
RegUl￿lOnS 2LY18 require us to reporf to you if, in our opirAion".
the infomiation given in the finaucthl statcments is TnCQnSi51¢nt in any material Ye5pect with the trustees. rcport" or
suffi¢ient a¢countiug ftcords have noi been kwL or
the fiDan¢thl stat¢rD¢uts 3r¢ not iD agr¢ement with the accountthg recor&%" or
we have llot tecerved alE the lafon￿lI)ll and ¢xplallauons we require for our audiL
pag¢ 10

THE JAPAN SOCIETY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE JAPAN SOCIETY
RcspoDilbllfidu of trusttes
As explailled tnore fvlly in th¢ ststetncnt of trJstees' responsibilities. the trustees. who are also the dw¢ctors of the cTrwity for the
purpose of company law, are re5poTrsible for the preparauon of the fjnancial ststements and for being satisfied that they give
tr￿C and fair view. and for sucb iuiernal control as th¢ tTUStcGs dcteTmitie is t)ecessary to enabl¢ the preparation of fmoncial
ststements that are free from ￿￿terIal misstat¢m¢nt, whetber due ￿ fraud or error. ID pr¢psrin8 tbe financial ststements, the
twst¢¢s #re responsible for assessing the cbarity's ability to continue as a going conc¢rn. disclositig. As applicable. matter5 r¢lated
io going ¢onccrn and u5iDB the going concem basis of accounting unless the trust¢¢s ¢ither ithtend to liquid&te the chaTitsbl¢
company or to ¢¢￿C operntions. or have no Te8listi¢ alt¢Twtive but to do so.
Audltor'i reiponilbUStleJ for the •udlt Of the fin*Del￿ it*temeDts
W¢ have been appoinied as auditor und¢r section 144 of the Charities Act 2011 wl report iti accordance with theAct Jnd r¢lev8ni
T¢gulations or having eff￿1 thereunder.
Our objective5 8re to obtain reasonable a55uraTKe about wh¢ther the flluncial ststements &5 a whole free from material
mi$stst¢m¢nt, whethcr due to fvaud or eryor, and to issue an audiwr's report that in¢lude5 our opinion. Reasonable assuTanc¢ is
high l¢vel of usurance but is not a gu8raDle¢ that an dudii conducted in a¢cordanc¢ with ISAS (UK) will alway5 detect a material
misstaiement when li exi515. Mis$tatemertts can arise from fraud or error 8rtd are coLsidered material if, individually or in the
aggregai¢, they could reasonably be exp¢cted to influence the economic decision$ of users taken on the basis of the5¢ fingncial
5t#t¢ments.
The extent to which our pr￿ed￿￿ XT¢ capable of detectin8 irre8ularitie& includiDg 1$ detailed below.
Jn Telation to fraud, the objectives of our audit aT¢ ¢0 id¢rLtify and assess the risk of maierig] misststemenl of the financial
statem¢nts due to fraud. to obtaill sufficient aPPTOPTiate audit ¢vidtncc tr8ardin8 the osses5¢d Tisks of material mis$t&tements due
to fraud through designin8 and implementing appropriit¢ responses and io respond appropria*ly to fraud or suspected fraud
id¢nlifi¢d durinB the audit.
Howev¢r it is the prinwy responsibility of manag¢m¢nl with the oversight of those ch8rg¢d with governance. to ellsure ¢bat the
entity'8 operntioni are conducted in accordan¢¢ with th¢ proYi$ions of laws and regulatso[￿ ond for the prevention and detection
of fraud.
In identifying and Assessin8 the risks of Material misstslement ID r¢$p¢¢t of irylarities, iDcludiDg fraud, the audit engagement
learn made enquiries of mana8etneni. and those charged with gov¢mattee, re8ardin8 the procedures relating to identifying,
evaluatin8 and complymg with.
l. laws and re8ulation5 and whether they wer¢ aware of any inslances of llon-compli4ti¢¢:
2. detecting r¢spon¢Jing to the risks of frnud and whether tbey have knowled8e of any actual, suspected or alleged
the iniernai controls established to mitigate risks related to fraud or non-compliance with laws re8ulations'
A5 a result of these procedures we CODsidtt the significani laws and regulations tbat have a direct impact on the f￿anCIal
statetttents are FRS 102, Companies Act 2006. employment and thx law and regulations atrj dats protection regulatlOD5. We
prrforrned audit procedute5 to d¢tt¢t uon-cotnplthtL¢e. wlll.ch ll￿Y hav¢ a maierial impact on the fingn¢ial statements. The
included reviewing fjnancial S￿￿￿)ent disclosure5 and evaluating advice receivcd from in￿rnal Man￿eMent. Th¢re were no
significani laws and regulations wc deeTned as having an indirect impact on the financial swemellts.
The audit engagem¢nl team identtfied the risk of managenKnt ovcrride of cotttrols as the aTea where th¢ fviaDcial statemellts were
tnost susceptible lo material misstatement due kn fraud. Audit pro¢tdures ￿rfornIed included but were not limi.ted to testing
manual journal entries and oth¢r adjusthients and evalua(ing the business ration￿¢ in relation to any significanL uttiisu&I
transactiODS and trwn5aCtions ¢ntrrnl into outside of the DorllHI cour5c of business.
Revenue recogtiitioll was also identified as a significant risk wbicb could lead ￿ a rnat¢rial mis-statement due to fraud or error.
Audit procedure5 pcrfotmed included but wer¢ ￿)1 limited to perfomiitig walk through tests to ￿entify the control Procedures in
pla¢¢ and oncc au UDderstsnding of the sales proces5 was 8aiued. a substslltive test W&5 carried out using & Sample basis to ¢n5ur¢
all sales existed and were Complete the accounts. Cut off testing was alsoperfoTm¢dto ensuttsales were recorded in the correcl
period.
page 11

THE JAPAN SOCIETY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE JAPAN SOCIETY
A fiwther descriptiott of our responsi￿lliti¢s is available on the FiDancial R¢poning Council's w¢bsitr at.. bttps:Ilwww.fr.org.ukl
auditorsresponsibalitie8. This desLlliPtiOO fornts part of our auditQT'S Tep0rL
Use of our report
Thi5 reiiirt is made solely to the ¢barity's tn￿tee$. &% a body. in accord￿ with part 4 of the Charitie5 (Accounts and Rwtts)
Regulations 2008. Ourauditwork ha$beenundertaken50 thatwe mkghtststs to the ebazity'stn￿tc£S those matters we are required
to statc to thern in an auditor's report and for Do other potp)s¢. To th¢ fidlest extent petmitted by law. we do T￿1 accept orwume
responsibility to anyone other than th¢ charity and the cbanty'$ tntst¢es as a body, for our audit work. for this report. or for the
opinion$ WÈ hJv¢ fonned.
DarTÈll Harding AC& FCCA DChA {SeDior StststoryAMdit•r)
Ricbard Place Dt)bsow Servitts Umited
7310i.lis
Chartered A¢¢ouu*ants
Statutory Auditor
1-7 Station Road
Crawley
Wut Sussex
RHIOIF
Richard Place Dobson Seryi¢¢s Limitrd are eligible ￿ act as an auditor in tern￿ of secDOD 1212 of th¢ Compani¢5 Act 2006.
pagt 12

THE JAPAN SOCIETY
STATEMENT OF FtNANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOU
FOR THE YEAR ENDED 31 DECEMBER 2024
Current finAlltl•l yvdr
Unrutrlttsd Unrestrfrted
fuDds
funds
#ener#l De8ignAted
2024
2024
RHtrlrt¢d
funds
To
Totsl
2024
2024
2023
Notes
Ddowments fro
Subscriptions and donaiiotts
Events
Investments
Other incoming rwurces
380.501
51.415
7.020
42.188
41,310
421,811
51,415
7.020
42,937
387202
23,588
10,031
25,032
749
Total Ineomt
481,124
42.059
523,183
445,853
Ex
eDdlture o
Raising funds
15,186
15,186
6,947
Charitable Jctivities
Membership and publi¢ations
Events
School education
SMAII 8rArt
185.205
243,996
117.297
185,205
243,996
159,356
1,0
148,636
138,978
130.847
2,668
42.059
Totsl th*rll4ble ¢xpendlture
547.498
42.059
589.557
421,129
Totsl ruourcu expended
562,684
42.059
604,743
428,076
N¢t goin￿{lOSSeS) on investrrLeDts
14
{5,470)
(5,470)
4,108
Net lolltgolnglllneomlThg resour£
before trAnsfers
(81.560)
(5.470)
(87,030)
21,885
Gros5 transfcrs be￿ten Omd8
(lo,0￿)
10,000
Net tnowement kn fundi
(91,560)
4,530
{87,030)
21,885
Fund b￿anCeS at l January 2024
285,164
327,092
2.401
614,657
592.772
FuDd at 31 Dttember 2024
193,604
331.622
2,401
527,627
614.657
The st4tem¢nt of fllwLcial activitics ittcludes all gAUhS and IrJss¢5 reco8Dised in thc year.
The st8tement of financial artivities includes all gaiDS and losse5 TECO8nised iti the yeJr. All in(x)me and expendittwe derive
from continuing activitl¢5.
The 5tatemcnt of finoncial activities ¥lso cotnpli¢$ with the Tequiments for Jn income attd expenditure account undcr the
Companies Act 2006.
page 13

THE JAPAN SOCtETY
STATEMEwf OF FINAI%CIALACTIVITIES (CONTINUED)
INCLUDIING INCOME AND EXPENDfTURE ACCOIINT
FOR THE YEAR ENDED 31 DECEMBER 2024
Prior fuwicpal year
Uthtrstric¢ed Unrestritted Restrictsd
funds
funds
general Designated
2011
2023
Totsl
2023
21123
N•tss
Ind eDdoBTmeDts from:
Subscriptions and donations
Events
Investment5
Other incoming resources
315206
21.328
10.031
24,396
71.996
1260
387202
23,588
10.031
25.032
636
Totsl loeome
370.961
74.892
445.853
enditure on:
Raisin8 fimds
6.947
6,947
Charitabl¢ 3¢tivities
Memba5hw aud publication5
Events
School edu¢*ioD
Small
148.636
134,657
58.665
2218
148,636
138,978
130,847
2,668
4.321
72.182
450
Total charllable expendStsre
344.176
76,953
421.129
Totsl resollrcd ￿pend
351.123
76,953
428,076
Net gains1(105ses) on inveSth￿nts
14
4.108
4,108
page 14

THE JAPAN SOCIETY
STATEMENT OF FINANCIALACTIVITIES (CONTINUED)
INCLUDING tNCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Net {outgoingyiDtomlni resour¢cs before
transfers
19,838
4,108
(2.061)
21.885
Oross trallsfets between funds
Net movement its funds
(290.IKKI)
(270,162)
290,(J)O
294.108
(2,061)
21,885
FuThd bal￿T￿¢S at l Jartuary 2023
555.326
32,984
4.462
592.772
Fulld b#lan¢es at 31 Defember 2023
285,164
327.092
2,401
614.657
The statement of financial ￿tiVItieS includes 8118ains losses Tecognised iti th¢ yegr.
The 5taternent of fi08ncial activities iDcludcs all gal￿ and Ios5¢5 fKO8tiised in the year. All iti¢ome and eXp￿￿lture d¢riv¢
from contmuin8 aetivities.
The sthtement of financi41 aciivities a150 comphes with the Tequirnents for •n income and expenditure account under the
Companies Act 2(￿)6.
pagc IS

THE JAPAN SOCIETY
BALANCE SHEET
ASAT31 DECEMBER 2024
2024
2Q23
Fixed assets
In￿￿￿￿1¢ &45¢ts
Tangible a￿¢1$
lrtvestrtt¢nts
16
17
18
9.915
4.943
298,638
7.149
294.108
313,496
301.257
Current ass¢ÉB
Debtots
Cash at bank and in hand
19
69.756
225272
55,150
345,432
295.028
400,582
Crtdltors: f*llin¥ due witbin oue
year
20
(80.897)
(87.1821
Net current assets
214,131
313,400
Totsl assets less Il•blllt
527,627
614,657
Income
Restricted funds
Uttrestrieted
D¢5ign3t¢d fi￿d5
Genernl uwestricted fimds
2.401
2,401
331.622
193.604
327.092
285.164
525226
612256
527,627
614,657
The compally is ¢n¢iiled to the exernption from the audit r￿UIreMent conrained in section 477 of the Companies Act 2006. for
the year ended 31 Detmber 2024. 8lthough an audit h¥$ be¢0 carried under sedion 144 of the Ch￿Ille$Art 2011.
The directors acknowledge their respotLsibilities for complyittg with the requirements of the Companies Act 2006 with respect to
acGouIitin8 records and the pr¢patation of fiDanEial tht¢ments.
The members have not reqpjired the company to obtsin an audit of its finallcial statements under the WUiTements of the
Cornpaates Act 2006. for the year irL questiQD ID accordance with section 476.
These fu￿1claI statements have beeD prepared in accordance with the provisioTrs applicable lo compari￿ subject to tbe small
￿gi￿¢.
13kilL4
The financial state ents wthe approyed by the Trnstres ott........... ......
Trustee
Company RegistratioD No. 03371038
page l6

THE JAPAN SOCIETY
NOTES TO THE FII¥ANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountln8 pollclei
Cbarity iDform#tlon
The Japan Socicty is a priv&tr company limited by Buarnnt¢¢ incorpornted iti England and Wales. Th¢ Teg1St¢T￿ office is
13114 Cornwall TeTrc¢, London. NWI 4QP.
1.1 Ac£ountinE Convention
The financial 5tsteTncDt$ hav¢ b¢en prepattd in accordance with the clwity's Memorandum and Article5 of A550ci?tio
the Companie5 Act 2006 and"Accounting and Reportin8 by Charities.. Stst¢meDt of Recommended Praciice 8ppli¢able to
charities preparing th¢ir actounts in accordance with the Financial Reporting Stsndard applicable in the UK and R¢publi¢
of Ir¢l3Dd IFRS 102) {effective l January 2019)". The Clwity is a Public Benefit Eniity as defined by FRS 102.
The charity bas tsken ￿¥all￿ge of the provisions in th¢ SORP for charities applyin8 FRS 102 Update Bull¢tin l not to
PT¢patt o Ststement of C￿h Flows.
The financial $ta*nwnts are prepared in stcrfin& which isthe fuoctionai curr¢n¢y of the charity. Monetary amounts in these
financial 5tatem¢nt$ we rounded to the nearest £.
Th¢ fitt8n¢ial statements havebeeD prepared underthe hiBtori¢al ¢ost eonvelltion. The principal accountingpoli¢i¢$ adopted
re set out below.
1.1 Golng coTrterD
The tNstees have collsidered a period of it leas¢ 12 months from the date of these accounts and confident that The
Japan Society is & 8oin8 ccqicern.
1.3 Charltible funds
Unrestrieied funds are available for use at the discretion of th¢ truxtees in ￿T[ber9n£e of the general objxtives of the
charity.
Desi8nated thds are unrestricted fun(ts eannarked by the tsustees ftsr parricular PUTP05es and relate to the value of the
library. The desi￿ated fund includes & rev41uation reserve r¢latirtg io the resthiement of rare book5 to rn￿¢1 vglu¢.
Restricted fimds are Jubj¢ded to restrictions on their expendinlle imposed by the (k)nor or throu8h the tem1$ of an appeal.
1.4 Income
Incorne 15 Te¢o8nis¢d when the ch￿ty is legally entitl￿ to it after aDy perfornwi¢e ¢onditions have been met. tbe amounts
can be measured ￿lIablY, attd it 1$ probable that incoDK will be received.
Donatio￿ amd similar incoming TeSOUTC¢S are in¢lud¢d in the year in which they are receivable. Twhich is wheT> th¢ ¢han'ty
ome5 entitled to the resource.
Legaties arE recogttised on receipt orotherwise tf the Charity h35 been ttotified of an impeTrJtn8 disttibution. the amount is
know￿ and recelpt is expecied. If the amount is not knowi4 tbe le8afy IS tieated as a contingent U5¢t.
Grants- where entitlement is not conditional on the d¢ltvery of a specific perforn1a￿e by thecbarity, grants att reeogtiistsj
when the chan.ty becomes uncondiuonally ¢ntitld ts) the income.
SubscriptioD5 are crtditrd to th¢ Ststem¢nt of Financi￿ Activities iii r&wt of the yeu tts *whi¢h they relate.
Fundraising income includes ¢V¢DI and ineollle for cours&$ and resources. This incom¢ is included in the year in
wbich it is receivable. whith is when the charity become5 cnh.tled to thc fESOUYCe.
pagc 17

THE JAPAN SOCtETY
NOTES TO THE FllYANCIAL STATEMENTS (CONTINUED)
FOR THE YE4R ENDED 31 DECEMBER 2024
(contill￿ed)
Inveslment income in¢ludes inttrest ret¢ivablc and is included in th¢ accounts whcn the charity becomes
entitled to the ineom¢
Other incorning ￿SoU￿¢S includes th¢ sal¢ of books and royalti¢5. This income is iticludcd when the risks
&lld r¢vr4rds of owDcrsbip are pass¢d from th¢ clwity to the buyer.
1.5 Exptnditure
Liabilities are recogniied as expettditure &5 soon as thett is a legal or Constn￿lIVe obligatiott cott]mirting the charitable
eompany to that expet)diture. li is probabl¢ that a traDsfer of ecollomic bcncfits will be required in settlement and the
amount of th¢ obligation ¢an bemeasurtd rEliably. Expenditure is accounted foron ￿ accrua15 basis andhas beth el&%$ifi¢d
under h¢adiog5 thai aggregate all reiat¢d to the category. Ivheie costs cannot be dir¢cdy arnbuted to partieular
headin85 they have beeD allocaied th activities on 8 basis CODSiStent with the use of T¢sourc¢s.
Expenditure includes VAT wbicb cannot be ￿llY r#ovard and is reported as P*rt of th¢ ¢xpenthtswe to
which it relates.
Support eosts ate tho$¢ that assisi the WOTk of the charity but do not diTrytly und¢rtske ¢lHritable activities.
Support ¢Q5ts include back office and governance ￿$ts which suppon rnembetsbip and publicarions, events, s¢bo01
education small grant activill¢S. Th¢$¢ ¢osts have been allocated artd apptsrtitsned to the vatious charitsble aetivat¢s. A
percentage basis has been used io apportion the support costs to tbe charitsble aCtiviti¢5.
Costs of T•iSill8 fujds ¢ompris¢ the costs associa*d with aar•eiiti8 voluotw iD¢ome and the c(Jsts of fimdrai$ing.
Charitsble expenditLWC CQmPTiS¢S ihos¢ costs incurred by the eI￿rity iti the d¢livery of its &ctivitie$ and those w5ts of an
direct llature necessary io $upport th¢llL
Governance c03¢s include those ¢osts 9sw¢iated witb meettng the cottstiDJtiona] and stamtory requirements of the chArity
and includ¢ audii ftes.
1.6 fDtaDgAble r￿ed assets otheT thju goodwlll
Intangible assets acquired $eparately from a business are reco8nised at cost and 5ubs¢qu¢ntiy measured it cost le$s
a¢¢umulated amortisation and xcumulated irnpairment losse5.
Jotangible assets acquired on business combitiattoL% are rec¢gni5ed separalely from goodwill At th¢ ¥qui5ition date where
it is prob4bl¢ that th¢ expected ￿tUre ccothomic benefits that aTe anributsbL¢ to thc asset will flow to the entity and the fair
value of the &sset ¢aa be measured reliably. the int¥ngibk ass¢¢ aris￿ from corAtrdUuo1 or other legal rights. atwj the
iuianEible *55et is separable from the entity.
AmoTtisation is ￿08ll￿ed $0 as io writ¢ off the cost or Yah￿tiOn of assets1¢$8 their r¢sidual values over their useful liv&8
on tbe following bases:
Softw￿¢
3 y¢aTS Sttaight Line
1.7 TAyible fix¢d *$sets
DweGiation is provKded at the following aDDual Trtes in order to write off th¢ o)5¢ I¢ss ¢8tIM￿ re5ithkal
value of asset over its estimated weful life.
FixtUEts. fittings & equipm¢Dt
20-33% Straigbt Line
All assets Co￿]ng more tban £500 are capita]is¢(L
page 18

THE JAPAN SOCIETY
NOTES TO THE FINANCIAL STATEMEiYfs (CONTINUED)
FOR THE YEAR ENDEIJ 31 DECEMBER 2024
Accounting pollcl
(Contlnued)
1.8 Filed #sset Investments
Fixed asset inYesDn¢rLts iDili&lly measured at tsllTtsaction price exc￿ding transaction cosLq, Ire subsequently
measured atfair v￿ut at each reporting date. Changes in fairy￿ue are reco8nised in net iwomeJ(expenditure) foT the year.
Trallsactioll Costs are exPu￿d u in¢urtE
1.9 Impalrmen¢ Df fixed Mieti
At each reportiti8 etxl dat¢. the chan.ty reviews the cwing amounts of its taDgible And intangible assets to dctcrnjine
whether there is any indication that those wets have suffered an impainnent loss. If any such indication exists, the
re£ovtrnble Amount of th¢ &sset is estin￿ted in ordu to detemiine the extent of the impairnent loss (if aDy).
1.10 C#ib *Dd equlvA]eD
Cash and cash equivalents in¢lude cash in hand dqKJsity beid at call with banks. other sbort-term liquid fftvesttnent5 with
0ri8in*l mati￿ltieS of three Tnonths OT les5. aDd bank overdrafts. Bank overdrnfts we shown within bornwiti8S m CUTr¢nl
liabLiiti¢s.
1.11 Flttatselll in$trum¢nts
The charity elected to apply th¢ provisions of Section I I 'B&*ie Fitiancial In6tTuinertts' and SectioD 12 '0iher Financial
Instn￿ents Issues, of FRS 102 10 all of its finall¢￿1 inslTuments.
Finon¢ial instrurnertts Are re¢ogDi8¢d in the eh8riry'8 balanc¢ ¥heet wlwtt the ch￿lty brmes party to the ¢ODtr4cDJoI
PTQViSiOttS of the instNmeDt.
Fknatteial assets and liabditi¢S ￿ offseL with the ne¢ preiented in the fuwi¢ial statements. wbeD th¢r¢ 1$ & le8ally
enforceable right to set off ihe re¢ognis¢d atnounts and there is an int¢ntiOD w settle on & Det b•si$ or ts) realise the assei
and $¢ttl¢ the liability simultan¢ou51y.
1.12 T*xatlon
The cbArity is exempt frotD coTroration tsx on its charitable ad1viti￿.
1.13 Employee benefits
The costs of shon-¢errn ernployee bet)efits are recogni5ed ¥s 8 liability and as all exp¢ns¢, unless those costs are requiTed
to be iecognised as part of the c05t of 5twk or fjxed assets.
The wst of any unused holiday entitkment is reco8Msed ID tb¢ period in which the employ¢¢'s services are Teceiv¢d.
Terniination benefits are recogni5ed immediatrly as aD expense when the charity is demons￿bIY committed to terniittate
the ¢mployiThent of all employtt or to pwvide t¢￿10•tion beDefits.
1.14 Retirement benefits
The chariry opernte5 3 defined Colltributions pension wheme. Contribulion5 8r¢ charged in the accounts as they becorne
payable in ac¢ordancc with ¢he rules of the scheme.
1,15 Forelgn exch•ng¢
Transactions dcnottiitiated in ftir¢igD CUTrcncies are Tecorded at the tate ruliDg 4t the date of the transacti¢
Monewy assets and liabilities denominated iti foreign currencies are translated into sterling at the ntes of excbange nlliDg
&1 the balance shcct date. All differences arc included in net out8Oln8 resources.
psgc 19

THE JAPAN sOc￿Ty
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
tcounting poli¢i¢s
(Contirt￿to)
1.16 Debtor5, Cash and Creditors
Debtors are recogtiised at the s¢tt1em¢utaU￿unldll¢ ther any tradediscouDtoffeted. Prepaymertts are vah￿l at tknc atr30Ullt
prepaid net of any trade discounts due.
Casb #t b￿1kalld casb in haad includes casb atsd short tenn hi8bly liquid inV￿1￿￿ts with a5bDn matUTity of thre¢ moDths
or less from the date of acquisition or opening ofthe deposit or similAr aeeouttt
Creditots are reCo￿lSea where the clthrity ha# a PT¢sent obligation resulting from a p•st event that will probably re£￿ts irt
the traDsfer of fi￿(L% io a third party and thc amouni thie to settle the obligation can be rneasU￿d or ¢stin￿led ttliably.
Credi1015 ar¢ nornully T¢cogni5ed ai their setdement amount afteT allowin8 for arLy discoutsts due.
CrAtleal Accomntlni ¢50D￿tr4 #nd judgemeuts
In the application of the charity's aCCOUnlitig policieK the tr￿￿te$ are requiRd to tnake jud8ements. estimates and
assumptions about the canying amount of assets and liabiliries d￿t are oot readily apparent from other sources. The
esiimates and associatrd assumptions are based onhistoricalexkvienet and otherfxtors that are eon9idered to be releV￿LI.
Actual results Lnay d￿tr from tbese estirnates.
The estirnates arLd underlying assumptions are ttviewed ott an ongoittg basis. RevTrsions to accouttling estinmtes are
reco8nised in the peri(d ill wbicb the estinute is revised wheTr the revisioD affects only thai period, OT in the period of the
revision and penods where the Ttvision affects both cumt and fithre periods.
Subieriptlons and donations
Uffjrestrirted Restri¢tsd
funds
Totsl UThT¢stricted R¢stri¢ted
bJDds
funds
g¢n¢ral
2023
Totsl
zener*]
2024
2024
2024
2023
2023
Donations and gift5
Membership fees
337,309
43,192
41,310
378.619
43,192
288 J17
26,889
71,996
360J13
26,889
380,501
41,310
421,811
315206
71.996
387202
Events
Unrestrieted UnTestri¢ted
futtd%
fijrtds
general
gener41
2024
2023
RestrI￿ed
Totsl
2023
2023
Events income
51.415
21J28
2.260
23.588
page 20

THE JAPAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (COIYfINUED)
FOR THE YEAR ENDELI 31 DECEMBER 2024
IDcome frojn Investrnents
UDreJtrlcted Ullrutrieted
funds
funds
2024
2023
Ini¢r¢st receivable
7.020
10,031
Other ID¢fjthg rtmureei
UDreitrlcted
(undi
ietterll
2024
Restrlrted
TotAI Unrestricted
fiwds
g¢n¢ral
2023
Restricted
Total
2024
21124
2023
2023
Publicauon 8nd sak of
books
Office services incom¢
Secretariat ￿cOMe
8.068
17.136
16.984
8.068
17.885
16.984
936
15.960
7.500
936
16,596
7.51JO
749
636
42.188
749
42,937
24,396
636
25,032
RAlslng funds
Vnreitrlcted Unrestricted
funds
nds
general
genetal
2024
2023
Fundrdisin
Advertislljg
ubli
15,186
6,947
page 21

THE JAPAN SOCIETY
NOTES TO THE FINANCIAL STATE￿￿rs (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charitable A¢eAvities
Membersbip
Eyents
Sthotyl grants
edue*tion
Tot
2024
Totsl
2023
publkatl•DS
2024
2024
2024
2024
Staff costs
oth￿ costs
123,708
12.470
75,058
119.911
85.470
24,861
284,236
157,242
232.838
s3.￿8
136.178
194.969
110.331
441.478
285.846
Grant thndiug of activiti
(s¢¢ note 9)
i.oc
1,000
450
Share of support costs (see
note 10)
Share of governance costs (see
ote 10)
49.027
49.W27
49,025
147,079
125.120
9.713
185205
243.996
159,356
1.0
589,SS7
421.129
An*1￿1$ by fynd
UrLrestricied fiJttds- genernl
Restricted fimds
185205
243,996
117,297
42,059
1.0
547,498
42.OS9
344,176
76,953
185205
243,996
159J56
1,0
589,557
421,129
page 22

THE JAPAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (coNfiNUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Ch*rltable *¢tivities
(Continued)
For the year ended 31 December 2023
Membershlp
•nd
pubMt#tlotts
EveDts
Scbool Small Eriut
edu¢*don
Totsl
2023
Staff costs
Other costs
98.801
89
55,259
35.530
78.778
17,389
232.838
53.CH)8
98.890
9).789
96,167
285,846
Grant fimmling of activitiu (s¢e DO* 9)
450
450
Share of support ¢osts (see note 10)
Share of governance cosis (see rtote 10)
46,162
3,584
44.718
3.471
32,182
2.498
2.058
160
125.120
9,713
148,636 138,978
130.847
2.668
421.129
ATh4lysis by fund
u[￿¢$t[l¢l¢d fi￿d$- geoer81
Restricted funds
148,636 134,657
4,321
58.665
72,182
2,218
450
344,176
76,953
148.636 138.978
130.847
2,668
421,129
Gr•Dts p#yAble
Sm•ll Srnall
2024
2023
Grants to illstilutions..
Oth¢r small grants paid ￿ 2 (2) institutio￿$
1,0
450
pa8e 23

THE JAPAN SOCIETY
NOTES TO THE FINANCIAL sTATEmE￿s (coiYfiNUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Ilj Swi￿rt Colts allocated to aCti￿tIES
2024
Staff costs
Depreciation
Establisbment ExPer￿¢S
Office Expense5
General Expens¢9
Library Maint¢nan¢e Expenses
Governance costs
40.267
8.419
59.620
11.206
9.745
350
17.472
36.851
4297
65.59
10.364
7,690
328
9,713
147,079
134,833
ADalyi¢d b¢tsveeD:
Membership atsd publicats'ons
Events
S¢bool education
Small grants
49.027
49,027
49.025
49,746
48.189
34,680
2.218
147,079
134,833
Il Net movement ID fuDd$
2024
2023
The nei movement funds is stated atTrer CbarWti￿{r[cdI1In8)".
Fe¢s payable for the audit of th¢ ¢lwity'5 financjaj statemc41S
D¢pr¢¢iaUoll of OWTLed tan8ibl¢ fixcd a$5ets
Amortisation of Intan￿b]e assets
8,150
4.606
3,813
8,600
4.297
12 Trnstees
None of the tn￿te￿% (or any p¢r50DS CODDected v4ith thuu) T¢£¢ived any remurmtion or ben¢fjts from the ch￿lty thlling
the Y￿r.
The Charity ¢aTri¢d indemnity i￿Sur￿ for its trust￿. for which apremium of £4.128 (2023.. £4.272) was paid.
13 Ewploy¢es
The avernge monthly oumb¢r of anploy¢¢s Ihuing the yearwas:
21124
Numbtr
2(123
Number
page 24

THE JAPAN SOCIETY
NOTES TO THE FINAIYCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13 Empl(trye
ICDDtlnued)
Employment eosts
2024
2023
Wages and SAlaries
Other pettsi￿ costs
297.756
26.747
251,624
18.065
324,503
269,689
The In￿te¢S of the Japan Swi¢ry determined there to be 2 ttmnbers of key manag¢TD¢ttt persom)el.
The total employee Ttn)ullernuon of key m￿ge￿¢￿t p¢r¥onnel of the cbarity was £91,180 (2023.. £86.619)
The number of employees whose annual rttnutteration was more £60.000 1$ as follows..
2024
NuJnb¢r
202J
Number
£60,CW - £70,000
14 GAItti ADd lomei on Inv¢stmtLts
UDrMtri£ted Unmtrlcted
fuDdi
fundi
DeilEn*ted
Dejlgnated
fuDd
fund
2024
2023
Gain￿{lO$SeS) arising on..
RevaluatioD of inv¢$tsnents
(5,470)
4,108
15 Taxatlon
The clwity Is exempt frorn lax on income and gains falling within 5wtson 505 of the TAxes Act 1988 or s¢ctson 252 of the
Taxation of Chargeable Gains Aci 1992 to the extent thai these ote 8pplied to its ¢han"table objects.
pag¢ 25

THE JAPAN sOc￿Ty
NOTES TO THE FINANCLIL STATEMENTS (CONfINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Jxhtangible rued assets
SDftwA
Co$t
At l January 2024
Additions- 8epaTately acqurnl
13,728
At 31 D¢¢¢mber 2024
13,728
AmortisatioD Impalmemt
At l Jaouary 2024
Amortisation charged for th¢ ye•r
3.813
At 31 December 2024
3,813
C*TT)iTr% amoullt
At 31 December 2024
9,913
At 31 December 2023
17 TAn8lble ffted usets
Cost
At l Jattuary 2024
Addilions
55.271
2,400
At 31 December 2024
57.671
Depreciation Ind imp*irneut
At l January 2024
D¢prxia¢ion charged ill the year
48,122
4,606
At 31 D¢c¢llther 2024
52,728
Carrying aznount
At 31 De¢¢mber 2024
4.943
At 31 December 2023
7.149
page 26

THE JAPAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (coNT￿lED)
FOR THE YEAR ENDED 31 DECEMBER 2024
18 Ffjvd *Met InveitmeDts
Llited
Rttveitmenti
Cost or v•luAtlon
Ai l January 2024
Additions
Valuats'on th8n8
294,108
10,000
(5,470)
At 31 De¢¢mb¢r 2024
298,638
Carry(ng amount
Ai 31 Decen)ber 2024
298,638
At 31 December 2023
294.108
19 Deb¢orJ
2024
2023
Amounti fiUIDi due plihln one y¢mr:
Other debtors
PrepayTrents Jnd •wrn¢d ineorne
47,242
22,514
22.985
32,165
69,756
55,150
20 Credlton: [￿lID£ due wltbln one ye•r
2024
2023
Other taxation and SOCI￿ seeuTiry
Other creditors
Accnllls and def¢Tr¢d ineome
6.394
48,570
25.933
3.094
56.235
27,853
80.897
87,182
21
RetlremeDt benefft Jrhem
2024
2023
DeflD¢d ¢ODtrlbutitstt jehtm
Charge to profit or loss in respect of d¢fin¢d ¢ontribution sche[t￿S
26,747
18,065
The charity ¢)p¢rdtcs a dcfined contribution pension ￿￿e[De for all q￿8 employees. The lssets of the scheme are held
separately from those of the cllarity in an independently athnini%tereA
pw27

THE JAPAN SOCIETY
NOTES TO THE FINANCIAL STATEMEiYfs (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
22 Rejtricted funds
Th¢ fiukds of the Souety iryclude restiicted ffijnds. The followiD8 are the uaexpethl b4TaAces of such fiEnds."
A¢ l January
2024
RewurtesAt 31 December
expended
21124
re￿￿re¢S
Edueation Fund
42.059
(42.059)
2,401
2,401
2,401
42,059
(42.059)
2.401
Yrevitsuj yrar:
At l J*nury
2023
ttt¢•mitig
Resour¢uAt 31 D¢¢emb¢r
expended
2023
Education Fund
Hanrausmith Garden Fund
72.632
22f
(72.632)
(4,321)
4.462
2,401
4.462
74,892
76,953
2.401
Certain fill]ds are restri¢t¢d to expenditure relatin8 to $chool$ ¢duution 8Dd stDall gr4llts.
The Hanunersmith Garden fi￿d T￿￿nts wntributions made specifically for the iDStallatitsn of 8 new gate alld avertue of
stone lantems oi the Japan¢s¢ garden ID Hunmersmith Park aod for a¢tivitiu IiDk¢d to this. Ongoing activities take the
fonD of ev¢nts in the Park io highlighi the Jap#nes¢ garden aad enpge wÈth the lo¢al community and allocating fimds for
the repair of the lantern5.
pag¢28

THE JAPAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
23
Unrntrlct￿ fvttdi- DulgDAted fiwd
These aTe unrestricted which are material to the Ch￿Ity'S activiti¢5.
At I J*tttsAry
2024
Tr&nJfers
GAiD8 *ndAt 31 DeceJnb¢r
10s$¢s
2024
Maintenance fund
Digiiisation of book5 fimd
InVeSth￿ni fund
13.(N)O
19.984
294.108
13,000
19,984
298,638
10.0
(5,4701
327.092
io.w)
13,4701
331.622
Prevlou¥ y¢*r:
At I J*Duary
2023
Transfe
GAlns AndAt 31 De¢ernber
105SeJ
2023
Maintettance fijnd
Digiti53tion of books fill)d
Invejtment futtd
I3,￿0
19.984
13.000
19,984
294.108
290.OC￿l
4.108
32.984
290,0￿)
4.108
327,092
page 29

THE JAPAN SOCIETY
NOTES TO THE FllYANCIAL STATEMENTS (CONTINUED)
FOR THE YE4R ENDED 31 DECEMBER 2024
24 Analysis of nel assets betwten fMwAdi
Total
fundj
2024
ruods
2024
fund5
2024
2024
Fund balances at 31 Decembtt 2024 are T¢prcseDted
by..
Intan￿ble fixed awts
Tangible assets
InvtsttneDts
Current assetsl(liAbi]iti￿j
9.915
4.943
9,915
4,943
298,638
214,131
298.638
32.984
178,746
2.401
L93.604
33 1.622
2,401
527.627
Unr¢st¢i¢ted DeslgDat¢d
fund$
2023
Rt5tricted
funds
2023
Tot#1
2023
2023
Fund balane&% at 31 December 2023 ar¢ represented
by:
Tan￿ble ass
tnvestmeDts
Cvrreni aJ$etslaiibilits'es)
7,149
7,149
294,108
313,400
294,108
32.984
278,015
2,40I
285,164
327.092
2,401
614.657
25 Operating least ¢ommitinents
Le$$te
Ai th¢ reponing end dak th¢ Charity bad tsutstsnding cornmiunents for futpjre miDimum leas¢ pa￿ts und¢r noD.
8nc¢llable operating lease4 whi¢h fall due AS fotknY5:
21124
2023
Within otLe year
Berw¢eD two and five y¢
273
547
273
821
820
1,094
26 R¢l#ted party
Ther¢ We￿ no diselosabl¢ r¢lated party transactio￿5 duTing tbe y¢4r12023 - £14,620 received fromAshinaga Associatiott.
Th¢re are longrr any r¢lated parry links withAshinagaA5SOCiatioD).
page 30