Dc¢JJ&'gn Enblcye ID. MEE07NE.3A3E45(W87-A0465FL9E12 REGISTERED COMPANY NUMBER: 07465741 {England and Wales) REGisfEREO CHARITY NUMBER: 1140489 REPORT OF THE TRuEE$ AND UNAUDtTED FINANCIAL 5TATEMEi¥rs FOR THE YEAR ENDED 31 DECEMBER 2020 FOR THE HENRY JACKSON SOCIETY AIEIQJOH 29109r2Q21 COMPANIES HOUSE
107
Haines Watts Chartered Accountar Old Station House Station Approach Newport Street Swindon Wiltshire SNI 30U
OocuSJn En%lop¢10.' A6EE07AE.3A3E4s$e6a7-D465F(9E12 THE HENRY JACKSON SOCIETY coPEmrS OF THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Page Report of the Trustees Independent Exaffliner's Rep¢)rt io Statement of Financial Artivities li Statement of Financial Position 12 to 13 ststement of Cash Flows 14 Notes to the Statement of Cash Hows 15 Notes to the financial Statements 16 to 25
E%)uJSwn Envdr¥e ID.. A6EED7AE.3A3E450W7-A0465FOF9E12 THE HENRY JACKSON SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 The trustees who are also direciors of the charity forthe purposes of the Companies Act 2006. present their report with the financial statement5 of the chartty for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective l January 20191. STRUURE. GOVERNANCE AND MANAGEMENT Charity constitution The company Ino. 74657411 was incorporated on 9 December 2010. On 18 February 2011 the Trustees of the unincorporated The Henry Ja(On SOcty Project for Democratic Geopolitics (UK registered charity number 11139481 transferred its assets, subject to its liabilities, to The Henry Jackson Society la companv limited by guarantee - UK registered charity number 11404891. a successor Corporate tharity with the same charitable objectives. The Henry Jackson Society is established as a charitable company limited by 8uarantee and is a registered charity with the Charity Commission (No 11404891. The charity's affairs are governed by its Memorandum and Articles of Association which allows for any activities CoVed by the charity's objectives with no restridions. In the event of the company beingwound upthe maximum amount each memberwill contribute is £1. The trustees, who a also the dirertors for the purpose of company law. and who served during the year. were: Mr Stuart Caplan Dr Alan Mendoza Mr David Rasouly Professor Brendan Simms M5 Gisela Stuart Mr Graham Defries Recrultlng and Appointment of Trustees Trustees are selected by those trustees who are serving al the time of selection. New trustees are selected on the basis of the added experience that they can bring to the Board. On selertion, Trustees are provided with Charity Commission documentation and guidan, and have induction meetings with key management staff. STRucfuRE, GOVERNANCE AND MANAGEMENT Organisatlonal structur The chari(able company is administered by the Board of Trustees which rt5 goveming body. The Board meets regularly to discuss and fom)ulate policy which is then implemented by the professional team. Trustees are appointed to the Board in accordance wf(h the Articles of A550Clation. Decisions made by the Board are infornied with the relevant data and information anil regular reports from the Executive Director (Dr Alan Mendozal ond are taken on a majority vote basis. Operational decisions are delegated to the Executive Director, orthe Director of Operations & Finance (Kaiol Kocharl. The setting of pay and remuneration of the charity's key management personnel is based on industry benchmarks and is reviewed on an annual basis.
ik)oJSKJn Envelcy ID." A0EED7AE-3A3E49Jf87A046$FtE12 THE HE14RYJACKSON SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OECEMBER 2020 The scale and nature of volunteer a¢ti¥ity One of the charttY'5 proudest achievements sin its InPtIon has been the way it has been able to utilize the willingness to help of hundreds of volunteers through its pro8rarnme. 2020 proved to be no exception, and we were able to continue to a high standard, giving volunteers an opportunity to participate in the life of a think tank. Owing to the COVID-19 pandemic since April 2020 the programme was carried out remotelv. We offered a range of engaging roles, and work experience opportunities aimed at politicalty minded. self- motivated individuals with a wide variety of skills. Volunteers were taken on a full-time or part-time basis, to suit their ieguirements. The roles occupied throughout 2020 were communications assistant, general busine55 assistant, events assistant and several research assistants supporting our different research centres. All volunteer5 are offered acce55 to internal training programmes and the opportunity to be mentored by a senior researcher or member of the management team. Although the virtual programrne may not have provided as immersive an experience as an office based one. they had the merit of attrarting geographicallv diverse and international tandidates, whth helped the charity carry out its work even more effective by providing even broader perspectives. Subsidiary adivlty The subsidiary undertakin& Strate8ic Anaty5is knmited, did not trèded during the year.
t)oru&gTh En¥dope ID.. AfjEED7AE.3A3E45c#>8687-N0F9El2 ThE HENRY JACKSON SOCIETY REPORT OF THE TRusfEES FOR THE YEAR ENOED 31 DECEMBER 2020 STRATEGIC REPORT OBJECTIVES AND ACTIVITIES Or8anisation Objectives The charity'5 obiectwes a to advance the education of the public in national and international political, social and economic policy, including the promotion of research in any of those areas and the publication of the uselul fesults of such research. Activities of the Charity The charity works to bring together members of the public and academic, business, media and political leaders from all demographics through a series of themed lectures. meetings and event5 SO that they can better understand the nature of contemporary national and international affairs. Extensive research covering a variety of national and international policy topics is also publisheLI for the same purpose. Legal purpose$ All of the charity's activities worktowards achievrngour legal purposes- educatingthe public on national and intematiorhal political. Social and economic poliry. Our 2020 achievements in the field of research, our extensive events programme. our national and international media coverage and education of the public. have ensured that these purposes were met. Main areas of artivlty Building on from 2019's successful activity, the charity continued wtth a subject-ba5ed approach to policy and research projects that work towards achieving its strategic objeciives. These are= The Centre on Radicalisation and Terrorism= the UK'S leading centre on the subject. and one of HJS'S key achievements, providing t0qUality. in-depth research coupled with the execution and implementation of tar8eted, tangible and impactful activities in relation to the effects of violent and non-violent extremism. The Russia and Eurasia Studie5 Centre= a kjng-running and very influential centre that undertakes in- depth. analytically-focused research into domestic and foreign policy issues in Russia and the other post-soviet states. Student Rights- a non-partisan centre dedicated to SUPPOrting equality. democracy and Ireedom from exlremism on unNersity campu5e5. It was set up in June 2009 as a readion to increasing political extremism and marginalisation of vulnerable students on tampus and studies extremism on campus. The Centre forthe New Middle East- designed to provide opinion-leaders and policy-makers with the fresh thinkin& analytical research and polity solutions required to make geopolr(ital progress in one of the world's most complicated and fluid regions. Established following the fallout from the "Arab Spring. it monitors political, ideological, milttary and security developments across the Middle East and provides informed assessments of their wide-ranging implications to key decision makers. The Global Britain Programme.. established in June 2017, bya founding member ofthe Henryjackson Society, aims to educate the public on the need for an open, confident and expansive British geostraiegic poliry in the twenty-first century. It draws on the UK'S unique strengths not only as an advocate for liberalism and national democracy, but also a custodian of both the European and international orders. The centre's work is respected across party lines and throughout academia. The Asia Studies Centre.. established in January 2017, the centre provides an in-depth understanding of the strurtural shifts, regional complexities and historic tensions that exist alongside the tmendouS economic and social growth that traditionally characterize the 'rise of Asia" It has achieved global prominence because of its work on understanding the nature of the threat posed internationalty by the rise of a China 8overned by a Communist dittatorship. Centre for Social and Political Risk.. established in 2018, the centre's purpose is to underscore the potential harm that various forms of social, cultural and political insecurity. conflict and disengagement can pose to long-term sustainatslity of democracies.
)¢uSign EThdope ID". A6EED7AE.3A3E4S(X>?.AO165FF12 THE HENRY JACKSON SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 DECEMBER 2020 In addition to research projerts. the charity also has two dNisions that support such aciivity- Events: a wide-ranging programme of events that showcase our projects. with hh-prOf11e and engaging speakers from a variety of sertors and beliets with a platfomi fordebate. The charity is the leading policy events provider in term5 of numbers of events held in Westrninster, a position it has developed over many years. 2020 did of course see one signrficant difference to the usual events activity however in that the Covid pandemic forced a temporary end to the physical events programme and took this actNbty online. This had the benefft of reaching a much larger and wider geographical audience. Communication5- media relations, web and social media presence that promote our research and events programmes nath)nalty and internationally and contribute to public education through dissemination of information. The charity has Consistently punched well above its weight in terms of generating media coverège and expert comment. which is testsment to the quality of its research. Objeclves for 2020 The charity'5 objectNe5 forthe year were to further increase its ability to educate the public on national and internation81 political, social and economic rK)licy. We aimed to achieve these objectives through increasing the breadth of our academic research. events and rnedia coverage acr055 all expert commurhities. In addition to developing our research Cent5. we aimed to expand our operational capability to support a growing research base and to inCaSe our influence and impatt. Strategies for achieving 2020 objertives The charity began the year employing similar strategies to prevh)us years which have been tried and tested in order to achieve its 2020 objertives. We maintained our membership programme and diversified our revenue streams acr055 a range of funders in order to reduce reliance on any single sector. The charity continued hirin& replacing and developing Staff, and improved its sentor rnanagement team structure in order to the help facilitate growth. Extra emphasis was also placed on training of staff in area$ such as libel and defamation in order to ensure hh standards were set. Of course. the Covid pandemic led to a reappraisal of strategies in order to continue the work of the tharitv In meeting its objectives. Primarily. this meant adopting an online first strategy. where the tharity's entire activity switched to a virtual presence, whether it was staff working from home, meetbn8S taking place online or events occurring throueh video conferentinE. By swrftly taking action to address the changed circumstances of the pandemic. the charrflv was able to dramatically expand its reach to beneficiaries through such virtual strategies. Togetherwith traditional media and marketing focuses. social media angles were exploited more ful. leading to a larger audience for our work and heiEhtened impact. For all the shocks that 2020 wsed, the charity was able to adjust its stralegies quickly and successfully in order to further its purposes.
DoDJSvJn Env¥cy¢ ID". MEE07AE.3A3E45LN>8687-A0I65F72 THE HENRY JACKSON SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 2020 main achievements and performance It would be no exaggeration to say that 2020's main achievement and performance target was in not simp suNiving in the face of an unprecedented Situation which threatened its survival when nobody knew what the future held. but prospering in spite of it. Indeed in many ways, our response to the pandemic and the stresse5 and strains that it provoked marked the charity's finest hour to date in the sense that it dramatically expanded its global footprint and visibility, and rts work wa5 Clted domestically and worldwide as providing key contribution to education on our research areas. Obviousw, during these unprecedented times owing to the COVID-19 global pandemic, the charity adjusted its offeriftg in many ways. With the threat of infection loomin& the first measure taken in mid-march 2020 was for staff and volunteers to be asked to work from home for the foreseeable future. in order to safeguard their health. With the imposition of full national lockdown, all events booked in for the near future we cancelleil or postponed. The charity started to consider possible long-temi damage to the economy and a permanent change to all businesses as a result of how they were able to adapt to the conditions. Given the financial uncertainty that loomed. the chartyfvrloughed 4 member5 of staff - a trfth one wa5 laterfurloughed and extr3 checks We put in place around financial monitoring and planning. At that point the charity changed its direction slightly away from it5 general d3y to day business, but Still very much within its objectives. A decision wès made to focus new research on Coronavirus related subjects thal fitted in with our existing areas of expertise in order to attempt to maintain relevance in a period when only Covid-19 related projerts were likely to generate any media or policy interest. Given the need to focus on retaining income, impact and influence, this was seen as the only viable strategy. It was noted there was small chance that those unused to seeing the charity tackle new topics at such swift speeds might feel discombobulated by the change. but this was felt an acceptable rk to take in the context of an unprecedented crisis and where media and polTrcy attention on the big issues of the day being covered by the charity would counteract any concerns. The success of this strategy can be seen in the extraordinary impact that the charity has had globally sparking conversation woddwide - on the issues of Coronavirus compensation and the need to reassert security of trade and supply from multiple sources in kry industries linked to national security. The benefits have been: l. Global media exposure 2. Global political exposure 3. Donors noticing our work. thereby protecting our income stream 4. The general public responding to our work The charty further adapted by Successful running multiple virtual events during this period which have been attended by thousands of people worldwide, great furthering our reach and exposure. We also did not neglect more tradith)nal areas of business. ensuring continulty as well as change.
DDcuSwJn En¥ElapE D. A6EED7NE-3A3E45ryM687.A0465FCf9E12 THE HENRY JACKSON SOCIETY REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31 DECEMBER 2020 A5 always, the way was led with our research division. which produced 20 high quality publications covering all areas of the subjects of our expertise. These were widely circulated to the government, political worltl, academia, media and general public. Our policy SearCh was well CeIved and frequently cited in public di5tourse and has had a (Jiscemible impact on government thinking and policy as can be seen by announcements following publication of our research. For example. shortly after the publication of our landmark paper on supply chain dependency, Her MajesVs Government initiated Project Defend. a major project to understand and mitigate the risks to the British economy from supply chain dependency. Meanwhile, our paper on the admission of foreign students to conduct sensitive research at British universities which was the first major paper in this space has seen a series of important reforms to HMG'S Academic Technology Approval Scheme. Our experts have been consutted by a range of interlocutors including relevant government departments. the police, the military. academia and the media. They have also provided background inforniation. guidance and commentary on a variety of topics and testirnonies to Parliamentary inquiries, as well as providing comrnentary on national and international television and radio and in person via video at major conferences and svmrnits. Our events programrne also enjoyed continued success in 2020. with over So events being held, many of which were held online after the start of the pandemic. The events progTamme allows our research and the ideas of respected expert commentator5 to directly reach thought leader5 and opinion formers. as well as the public attending them. This year. we continued to host critically acclaimed scholars, diplomats. and experts, attracting diverse and hi8h-calibre audiences to engage in an exchange of ideas that is at the tornerstone of our mission, but we were able to pull in expertise Irom across the world in a regular and unprecedented way owing to the shift in focus online. Specific notable achievernenis included.. Hosting over 50 events and briefings in Parliament and online and welcorning the US Secretary of State, Mike Pompeo, to a specially convened roundtable in person during 3 lull in pandemic waves. A5 well a5 several events wrth speakers like John Bolton, Pa5ts1 Lamy. Andrew Ha5tie, Niall Ferguson, Jeremy Hunt, Brian Hook and Tom Tugendhat, Sarah Champion, Tobia5 Elv00 and Bob Seely. Producing 20 research publications. These ranged from in-depth reports, to shorter policy papers geared towards making policy-relevant recommendations, including.. o Russian Kleptocrary and The Rule of Law- How the Kremlin Undemiines European Judicial Systems o Free To Be ExtMe Core Assumptions and British Strategic Policy o UNRWA'S Future Reconsidered o Far-Right Terrorist Manifestos= A Critical Analysi5 o Coronavirus Compensation? Assessing China's Potential Culpability and Avenues of Legal Response The Indo-Pacific- An Enlarged Perspeciive Countering the Far Right- An Anthology Breaking the China Supply Chain= How the 'FNe Eyes. can Decouple from Strategic Dependenry o Weaponisation of COVID-19.. Far-Right Antisemitism in the UK and US o Leaving Lockdown= The Impact of COVID-19 on Civil Liberties and National Securr(v in the UK & us o British Muslim anti-semitism National Resilience Index 2020- An Assessment of the D-10 o Black Lives Matter UK= An Anthology o Brain Drain.. The UK, China. and the Question of Intellectual Property Theft o The Indo-Pacific'. British and Vietnamese Perspectives o Russian'Black PR,: Examining the Practice of Ruining Reputations o Impact and Effectiveness- Sanrtions on Russia 2014-2020 o Reconstrurting North Korea: Challenges and OpportunitTres Covid-l year on
Docuslw Ens*lopg ID." A6EED7AE-3A3E45o7.A046sW9EI2 THE HENRY JACKSON SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 DECEMBER 2020 Measures lo assess $yccess The charity critiealty assesses its success against its objectives. Main key performance indicators include: the number of guests at events. interaction with officials and policy-makers. the number of printed and online media placements, the nurnber of broadcast appearances. social media following, the number of individual and corporate member5 and the retention of donors plus development of new streams of funding. These are measured on a monthly basis and reported to the Trustees at regular intervals. Public benefit The Trustees have complied with their duty in section 17 of the Charities Act 2011 to have due regard to guidance published by the Charity Cornm510n. Financial position The charity received a reduced level of income in the year 2020 compared to the previous year. This was mainly due to delays in receiving donation and grant income owing to the wide5cèle impact of the pandemie. The total income for the year was £794,182 12019.. £1,482,382). The total expenditure for the year has decreased by 16.5% to £1,008.18212019.. £1.208,2131. this was fflainty due to a ductIon in staff costs. The chafity results show a deficit of £214,0(YJ during the year12019: £274.169 surplus). The unrestricted funds decreased to £101.23612019.. £315.2361. Free reserves at 31 December 2020 amounted to £97.56712019 £314.4761 Reserves policy The charity aims to hold levels of serveS of at least three months operating expenses. It Is not the intention of the Trustees to èccymulate reserves and the Trustees seek to apply all funds alx)ve the required level in accordance with the charity's stated objectives. Future plans The charity expects to be able to continue its organisational advancement in 2021. This will be achieved bv.. increasing our income through our individual and corporate membership programme and events sponsorship- improving our influence with increased padiamentary and civil servant engagement. and furthering our impact with heightened media engagement. Organisational excellence, regulatory compliance and busines5 improvement remain high in our priorities, with processes and policies being reviewed reBulafly. Given the changes in working and engagement patterns occasned by the pandemic. the charity intends to continue being ai the forefront of innovation in order to ensure its product and messaging reaches as many beneficiaries as possible. in as many ways as we can. Impact of Co¥id-19 on the charity's operations Needless to Say, the world is facing one of the most challenging times in history with a global pandemic that has spread internationally and continues to morph. Havin8 proven its ability to weather the storm and prosper. the charity has continued to focus its energieson making sure it 15 ahead of pandemit related change while also seizing opportunities to press ahead on global and domestic issues that Covid has thrown up in its wake. The extraordiftary impact that the charity has had globally in 2020- sparking conversation worldwide on the issues of Coronavirus compensation and strategic decoupling from Chinese trade monopolies for example Speak for themse. The charity will continue to run virtual events for the near future and has a phased return to work plan In motion incorporating flexible workin& government guidance and the health and safety of our staff at the forefront of what we do.
OovJSvJn En*lope ID.. NfjEED7AE.3A3E45OM687.AWIFgE12 THE HENRYJACKSON soaETY REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2020 Risk managefflent The Board of Trustees is responsible for the management of risks faced by the chartty- Risks are identified, assessed. mitiEated and controls established. The principal risks and uncertainties facing the charity and the strategies for managing the risks are: Loss of income due to withdrawal of support from donors - the organisation continually liaises with existin8 donors and also reaches out to potential new ones at every possible opportunity. L05s of income due io wtthdrawal of support from indNidual and corporate members organisation is in regular contact with its members and actively seeks to bring on new ones. The security of staff and premises- the office security is as tight as could reasonably be expected and the risks are discussed with staff and advice offered. Reputational risk associated with the quality and integrity of research and publications produced bv the or8anisation. All publications are peer reviewed inteMal and often by at kast 2 external peer reviewers, as well a5 pr(l-read and Whe appropriate reviewed by a libel viewer. the The management of risk5 rs driven by the risk rnanagement policy. Consequentty. the Tru5tee5 are satisfied thal the major risks identified have been mitigated appropriately and there are no major threats.
Dow&gn Ensly ID.. A6EE07AE.3A3E45C1>8687.I1165FQFgE12 THE HENRY JACKSON SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 REFERENCE AND ADMINisfRATIVE DETAILS Registered Company number 07465741 (England and Wales) Registered Charity number 1140489 Registered office 26th Floor Millbank Tower 21-24 Millbank London SWIP 4QP Independent Examiner Susan Plumb ACA Haines Watts Chartered Accountants Old Station House Station Approach Newport Street Swindon Wiltshi SN13DU Report of the trustees. incorporating a strategic report. approved by ordèr of the board of trnstees. as the company directors. on 20 September 2021 and signed on the board's behalf by- IF51G•lgtXE470_. Dr B P Simms- Trustee Mr D Rasouty-Trustee
Oowsign ErEloPel0." AfjEED7AE-3A45L>.AfjFSEl2 INOEPENDENT EXAMINER'S REPORTTO THE TRusfEES OF THE HENRY JACKSON SOCIETY Independent examiner's report to the irustees ofThe Henry Jackson Soclety Ilhe Company'} l report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020. Respon$lbllities and ba515 of report As the charity's trustees of the Company land also ils dirertors for the purp)ses of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Aci'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under sertion 145 of the Charities Act 20111'the 2011 Acl'l. In carrying out rny examination I have followed the DIrectnS gNen by the Charity Commission under section 145151 Ibl of the 2011 Act. Since your charity's gross income exceeded £250.1])) your examiner rnust be a member of a listed Ix)dy. I can confirm that l am qualified to undertske the examination because l am a registered member of ACA which is one of the listed bodies. I have completed my examination. I cortfimi that no matters have corne to my attention in connection with the examination gNing me cause to believe: accounting records were not kept in respert of the Company as required by sertion 386 of the 26 Acl; or the account5 do not accord with those records- or the accounts do not comply with the attounting qUireMeThts of sertion 3% of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination,. or the accounts have not been prepared in accordance with the methods and principles of the Stalement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Frnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matiers in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Splr ACA Susan Plumb ACA Haines Watts Chartered Accountants Old Station House Station Appr03th NewFX)rt Street Swindon Wiltshire SNI 3DU Date:.. io
Do¢uSign En¥dopE ID.. N6EED7AE.3A3E45Of8687.A0465FoF9E12 THE HENRYJACKSON SOCIETY sTATEMEP OF FINANCIAL AcnvmES IINCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020 2020 Unrestricted fund 2019 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 781,287 1,464,687 Other tradin8 activities Investment income Other income 12.169 13 713 12,082 14 5,599 Total 794,182 1,482,382 EXPENOITURE ON Charitable activitie5 Charitable artivities 1.008,182 1,208,213 INCOMEI{EXPENDiniRE) 1214,CKX)I 274,169 RECONCILIATION OF FUND5 Total funds OUght forward 315.236 41,067 TOTAL FUNDS CARRIED FORWARD 101.236 315.236 li The notes fomi part of these financial statements
Docusiw Envelope ID: A6EED7PE-WE45Q>8687.*IJ465FfF9E12 THE HENRYJACKSON SOCIETY STATEmEp OF FINANCIAL posmoN 310ECEM8ER 2020 2020 Unrestricte(J fund 2019 Total fvrfyds Note5 FIXED SE[s Tangible asset5 Investments li 12 3.668 759 3.669 CURRENT ASSErs Oebtors Cash at bank 13 59,724 168.966 124,811 250,743 228,690 375,554 CREDITORS Amounts falling due within one year 14 186.1231 161,0781 NET CURRENT ASSETS 142,567 314,476 TOTAL ASSET5 LESS CURRENT UABIUTJES 146,236 315.236 CREDITORS Amounts falling due after more than one year 15 145.0001 NET ASSETS 101,236 315,236 FUNDS Unrestricted funds 18 101,236 315.236 TOTAL FUNDS 101,236 315,236 The charitable company is entitled to exemption from audit under Sertion 477 of the Companies Act 2006 for the year ended 31 December 2020. The members have not required thecompanyto obtain an audit of its financial staternents forthe year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2DJ6. 12 The notes forni part of these financial statements Continued...
DorJJSb3n En¥elwe ID.. A6EE07AE.&A3E450fy8087-A0465F0FÉE12 THE HENRY JACKSON SOCIETY STATEMENT OF FINANCIAL POSIT1014- continued 31 DECEMBER 2020 The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accountin8 records that cornp wfrth Sections 386 and 387 of the Companies 2(M)6 an preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of rf(s surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. Ibl The financial statements were approved by the Board of Trustees and authorised for issue on . and were signed on its behalf by= Dr A L Mendoza - Trustee 13 The notes fomi part of these financial statements
DfrJJS¥n Envellwe ID". A6EED7AE.&43E450LW87.A0465FI)F9E12 THE HENRY JACKSON SOCIETY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 Note5 Cash flows from operatlng artivilies Cash generated from operations 1127.5781 192,203 Nel cash (used in)Iprovided by operating attrvities 1127,5781 192,203 Cash flows from investing activities Purchase of ian8ible fixed assets Interest received 14,2121 13 19991 14 Net cash used in investing activities 4.1991 19851 Cash flows from financlng aclivit New loans in year 50,000 Net cash provided by financing activities 50.000 Change in &75h and cash equivalents in the reporting period Cash and cash equivalents at the beginnin8 of the reportin8 period 181.7771 191,218 250.743 59,525 Cash and cash equivalents at the end of the reporting period 168,966 250,743 14 The notes form part of these financial statements
Ocrtusign En*tr)pe ID.. A6EED7AE.343E450cLa887-A0465FCfgE12 THE HENRY JACKSON SOCIETY NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020 RECONCIUATION OF (EXPENDITURE)IINCOME TO CASH FLOW FROM OPERATING ACTIVITIES 2020 2019 Net lexpenditure)/income for the reporting period {as per the Statement of Financial Activities) Adjustments for: Oepreciation charges Interest received Decreasellincreasel in debtors Inc3$e/(decaSej in creditors 1214.IXIOI 274,169 1,303 1131 65.087 20,045 2.757 1141 169,7851 114,9241 Net cash lused in)/pro¥ided by operations 1127.5781 192.203 ANALYSIS OF CHANGES IN FUNDS At VV20 Cash flow At 31112/20 Net ¢ash Cash at bank 250,743 181.7771 168,966 250,743 181.7771 168,966 Debts falling due wtthin l year Debts falling due after l year 15,0001 145,0001 15,CKIO) 145,000) 150,1N)01 150,0001 Total 250,743 1131,7771 118,966 15 The notes fomi part of these financial 5tatementS
Do¢uSwJn En¥dope ID.. A6EED7AE4A3E45C#>8687.65FQFgEI2 THE HENRY JACK50N SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2020 ACCOUNTING POUCIES Ba$ Of preparing the financial statements The financial statements of the charitable company, which is a public benefrt entity under FRS 102, have been prepared in accordance with the Charrties SORP IFRS 1021 'Accounting and Reporting bv Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finantial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191,. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companie5 Art 2CQ6. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. The firiancial statements are prepared in sterlin& which is the functional currency of the entity and is rounded to the nearest £. Golng concern The on-going COVID-19 viral pandemic is one of the most significant economic events for the UK with unprecedented le¥els of uncertainty of outcomes. It is therefore difficult to evaluate all of the potential implications on the ehartty's operations, fundin& suppliers and wider economy. The Trustees, view on the impact of COVID-19 is that. given the measures that could be undertaken to mitigate the current adverse conditions and the current resources available. they can continue to adopt the going concern basis in preparin8 the financial statements. Income All income is recoEnised in the Statement of Financial Activities once the charity has entitlement to the funds, It is probable that the income will be receNed and the amount can be measured reliably. Expenditure Liabilities are reto8nised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, is probable that a transfer of economic benefits will be required in settlement and the amount of the oblgation can be measured reliably. Expenditure is accounted for on an accruals bas and has been cla55ified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to partitular headings they have been allotated to activities on a basis consistent with the use of SoUrCeS. Tangible fixed assets Depreciation is provKled at the following annual rates in order lo write off each asset over it5 estimated useful lrfe. Fixtures & fittings - 25% straight line Taxation The charily is exempt from corporation tsx on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 16 Continued...
Oocusign Envelup Kl. A6ÉED7AE.3A3E45(#>8687.A1465FIFgE12 THE HENRY JACKSON SOCIEtY NOTES TO THE FINANCIAL sfATEMENTS- c¢)ntinued FOR THE YEAR ENDED 31 DECEMBER 2020 ACCOUNTING POUCIES- Cominued Fund acc¢untin8 Restricted funds can only be used for particular restricted purposes within the objects of the charity- Restriclions arise when specified by the donor or when fvnds are raised for particular restricted purposes. Pension costs and other post-retirement beneffts The charitable company operates a defined contribution pension stheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Debtors Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. Credltors Creditors are reco8ni5ed where the charity has a present obligation $vItIng from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measu or estimated reliably. CreJitors are recognised.at their settlement amount. DONATIONS AND LEGACIES 2020 2019 Donations Membership fees Grants 657.299 47,234 76,754 1,428,603 36.084 781,287 1,464,687 The charity received a reduced level of incorne in the year 2020 compared to the previous year. This was mainly due to delays in receNing donation and grant income owing to the we5cale impatt of the pandemic. Grants received, included in the above. are a5 follows- 2020 2019 Government grant- Coronavims job tention scheme Government Business Interruption Payment 76.129 625 76.754 17 Continued...
DovJSvJn Envelope ID.. A6EED7AE.WE45LM87.A0465FOF*12 THE HENRY JACKSON SOCIETY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2020 OTHER TRADING ACTivmES 2020 2019 Aclivities for generating funds 12.169 12.082 INVESTMENT INCOME 2020 2019 Deposit account interest 13 14 CHARITABLE AcnviTIES COSTS Support C05t$1see note 61 Direct Costs Totals Charitable activities 912.539 95,643 I,C#J8.182 SUPPORT COSTS Governance costs Other Totals Charitable activities 86,904 8,739 95,643 Support Costs. induded in the above. are as follows: 2020 Charitable activities 2019 Total activbties Staff costs- support Office cost5 Legal and professional Staff c05t5 - governance Independent Examiner's fee IAudttors' fee 33.948 39,960 12.996 6,789 40.750 40,913 18.002 6,558 1.950 8,O¢XJ 95,643 114,223 18 Continued...
Doujsign Envelope ID.. A6EED7*E-3A3E45Oe687-A046SFOFsE12 THE HENRY JACKSON SOCIErY NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020 NET INCOMEIIEXPENDITURE) Net incomellexpenditure) is stated after charginpJlcrediting)- 2020 2019 Independent Examiner's fee l Auditors, fee Depreciation - owned a55ets 1.950 1.303 8.000 2,757 TRUStEES' REMUNERATION AND BENEFITS There were no trLbStees' remuneration orother benefits for the year ended 31 December 2020 nor for the year ende(131 December 2019. Trustees, expense5 There We no trustees. expenses paid for the year ended 31 December 2020 nor for the year ended 31 Decernber 2019. STAFF COSTS 2020 2019 Wages and salaries Social security costs Other pension costs 602.944 62,765 13,259 704,145 75.090 14,888 678.968 794.123 The average monthly number of employees during yearwas as folknM5: 2020 13 2019 15 Number The number of employees whose employee beneffts (excluding employer pension tostsl exceeded £60,000 was: 2020 2019 £60,001- £70.000 £130,001- £140,LKJO Key management personnel include all persons that have authority and responsibility for plannin directing and controlling the activities of the tharity. The total compensation paid to key management personnel for services provided to the charity was £281.(K)712019.. £228.8401. 19 Continued...
DocuSvJn Envdope ID". MEÉ07AÉ-3A3E45LI>W.A0465FOF*12 THE HENRY JACKSON SOCIEtY NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued FOR THE YEAR ENDED 31 DECEMBER 2020 10. COMPARATIVES FOR THE StATEMENT OF FINANCIAL AcnvmES Unrestricted fund INCOME ANO ENDOWMENTS FROM Donations and legacies 1.464.687 Other trading activrflies Investment income Othef income 12.082 14 5,599 Total 1,482,382 EXPENDITURE ON Charitable a¢tivitles Charitable activities 1,208.213 INCOME 274,169 RECONCIUATION OF FVNDS Total funds brought forward 41.067 TOTAL FUNDS CARRIEO FORWARO 315.236 20 Continued...
Docusign En%%lope ID.. A6EED7*E.143E45th>8687.A)465Flf9E12 THE HENRY JACKSON SOCIETY NOTES TO THE FINANOAL sfATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2020 11. TANGIBLE FIXED ASS5 Fixtures and fittings COST At l January 2020 Additions 34,544 4,212 At 31 December 2020 38,756 DEPRECIATION At ljanuary 2020 Charge for year 33,785 1.303 At 31 December 2020 35,088 BOOK VALUE At 31 December 2020 3,668 At 310ecember 2019 759 12. FIXED Ass INVESTMENrs Shares In group undertakings MARKET VALUE At l January 2020 and 31 December 2020 NET BOOK VALUE At 31 Oe¢ember2020 At 31 Decembef 2019 There were no investment assets outside the UL The company's investments at the balance sheet date in the share capital of companles include the following: 21 Continued...
OorJJStyTh EThvel)pe10." PhEED7AE-3A4860?.AoI6sFOF9E12 THE HENRY JACKSON SOCIETY NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued FOR THE YEAR ENDED 31 DECEMBER 2020 IZ. FIXED ASSET INVESTMENTS- contlnued Strategic Analysis Limited Registered office.. United Kingdom Nature of business- Management consuttancy actNlties Class of share- Ordinary shares holding 2020 2019 Aggregate capital and reserves Loss for the year 131,6851 131.6851 {2.7711 13. DEBTORS: AMOUNTS FALUNG DUE WttHIN ONE YEAR 2020 2019 Trade debtors Amounts owed by group undertakings Other debtors VAT Prepayments and accrued income 12.031 2.790 2.683 9,251 32.969 56.633 2,790 32.419 32,969 59.724 124,811 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 Bank loans and overdrafts (see note 161 Trade creditors Social security and other taxes Accruals and deferred income 5,000 32,647 19.027 29.449 4.845 23,805 32,428 86,123 61,078 Included in accruals and deferred income is £15,43212019 £24,428) which relates to membership fees received in advance forthe year ended 31 December 2021. 22 Continued..
Do¢u&gn En%*lf4Je ID.. AfjEED7AE-3A3E45(Y$8687-A0465FOF9E12 THE HENRY JACKSON SOCIETY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2020 15. CREDITORS: AMOUNTS FAWNG DUE AFTER MORE TIIAN ONE YEAR 2020 2019 Bank loons (see note 161 45,000 16. LOANS An analysis of the maturity of loans is gNen below: 2020 2019 Amounts falling due within one year on demand: Bank loans Amounts falling between one and two years: Bank loans- 1-2 years 10.0 Amounts falling due between two and fwe years: Bank loans- 2-5 years 35,000 17. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating aSe$ fall due as follows: 2020 2019 Within one year Between one and five year5 90,916 22.729 96.942 130,213 113,645 227,155 18. MOVEMENT IN FUNDS Net movement in funds At 31112120 At VV20 Unre5tric¢ed lunds General fund 315,236 1214.LXJOI 101,236 TOTAL FUNDS 315.236 1214,(Kb)I 101,236 23 Continued...
DouJS¥n ErNelDPe ID.. A6EE07AE.3AE450W7.AN65FOF9E12 THE HENRY JACKSON SOCIETY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020 18. MOVEMENT IN FUNDS- continued Net movement in funds, intruded in the above are as follows- Incoming resources Resources expended Movement in funds Unreslricoed funds General fund 794,182 11,lJ)8.182} 1214.0001 TOTAL FUNDS 794,182 I1,8,182} 1214,0001 Comparative5 lor fflovernent in fvnds Net movement in funds At 3V12119 At IIU19 Unrestrirted funds General fund 41,067 274,169 315,236 TOTAL FUNDS 41,067 274.169 315,236 Comparative net movement in funds. included in the ab)ve are as follows: Incoming resources Resources expended Movement in funds Unrestrirted funds General fund 1,482382 11,208,213) 274,169 TOTAL FUNDS 1.482.382 11.208.213) 274,169 24 Continued...
DocuSkJn EA¥dope ID.. AhEED7AE-3A3E45ts>W7-A0465FOFgE12 THE HENRY JACKSON SOCIETY NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2020 18. MOVEMENT IN FUNDS- ¢ontinued A current year 12 months and prior year 12 months combined position is as follows- Net movernent in funds At 3V12120 At 111119 Unrestricted funds General fund 41.067 60.169 101,236 TOTAL FUNDS 41,067 60,169 101,236 A Current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows- Incoming resources Re50urce5 expended Movement in funds Vnrestrifted fvnds General fund 2,276.564 12.216.3951 60,169 TOTAL FUNDS 2,276.564 12.216,3951 60,169 19. RELATED PARTY DISCLOSURES Dr Alan Mendoza, a trustee. recerved remuneration during the year of £139.41912019 £137,599). including £1,308 12019 £1,188) of pension contributions for his role as Executive Director of the charity. in accordance with the charity's governin8 tlocument. No other trustees received remuneration or were reimbursed expenses for their role as trustees. Included in debtors (note 131 is an amount dueof É2.79012019 £2.7901 from the charity's 100% owned subsidiary Strategic Analys15 Limited. 2S