REGISTERED COMPANY NUMBER: 07465741 IEngland and Wales)
REGISTERED CHARrrY NUMBER: 1140489
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
THE HENRY JACKSON SOCIETY
Haines Watts
Chartered Accounlanls & Slalutory Auditors
Old Station House
Stslion Approach
Swindon
Wiltshi
SN13DU

THE HENRY JACKSON SOCIETY
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Page
Report of the Trusto8s
1 to 8
Report of the Independent Auditors
9 10 12
Statement of Financial Activitios
13
ststement of Financlal Position
14
Statement of Ca$h Flow$
15
Notes to th& Statement of Cash Flows
16
Notes to the Flnanclal Statemants
17 10 24

THE HENRY JACKSON SOCIETY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
The Iruslees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements ol the charity for the year ended 31 De¢ember 2023. The Iruslees have
adopted the provisions of Accounting and Reporting by Charities.. Slalemenl of Recommended Practice
applicable lo charities preparing their accounls in accordance with the Financial Reportlng Standard applicabl8
in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191.
Page 1

THE HENRY JACKSON SOCIETY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
OBJECTIVES AND ACTIVITIES
Organlsatlon Objectives
The charity's objectives are lo advance the education of the pUbl￿C in national and inlemalional political, social
and economlc pollcy, including the promotion of research in any of those areas and the publication of the
useful results of such research.
Activities of the Charity
The ¢harily works to bring together members of the public and acadernic, business, media and political leaders
from all demographics through a series of themed lectures, meetings and events so that they can beller
understand the nature of contemporary national and international affairs. Exlensiv? research covering a variety
of national and international policy topics is also published ftsr the same purpose.
Legal purpo$gs
All of the charity's activities work towards achieving our18gal purpos6s educating the public on national and
international political, social and e¢onotnic policy. Our 2023 achievements in the field ol research, our
extensive events programme, our national and international media coverag& and education of the public. have
ensured that these purposes were met.
Main areas of activlty
HJS'S work is focused into two main streams.. "Se¢uring our Societies" and 'Advan¢ing the Free Worfd..
"Securing our Societies" focuses on threats to free societies within the Wesl. while"Adv8ncing the Free World.
examinès how thè enemies of the free world are operating inlernalionally. Building on from 2022's su¢cessftJl
aclivily, the charity continued wilh a subject-based approach to policy and research projects which are
ealegorised in different cenlres that work towards achievlng ils strategic objectives. In 2023. these were..
Cèntre on Radicalisation and Terrorism.. the UK'S leading centre on the subject, and ono of HJS'S
key achievements, seeks to address the severe threat presented by Islamism and other forms of
extremism, and lo challenge religious radicalisation and terrorism at horne and abroad. The Centre
provides lop-qualily, in-depth research coupled with the &xecLJtion and implementation of largeled.
tangible and irnpactful activities in relation lo the effects of violent and non-violonl exlremism.
Cèntr• on Social and Political Risk.. established in 2018. is a citizen-focused, inleTnalional research
¢enlr6, which seeks to idantify, diagnose and propose solutions to threats to govemanco In liberal
Western democracies.
Centre for Asia Studies.. established in 2017, the centre provides an in-depth understanding of the
structural shifts, regional complexities and historic tensions that exisl alongside the tremendous
economic and social growth that traditionally characlerise the rise ol Asia" 11 has achieved global
prominence because of ils work on understanding the nature of the threat posed internationally by the
rise of a China governed by a Communist dictatorship.
Centre for Global Brltaln.. established in 2017, the programme aims lo educate the public on the
need for an open, ¢onfidenl and expansive British geostralegic policy in the twenty-firsl century
drawing the Unlted Kingdom's unique strengths not only as an advocate for liberalisrn and national
democracy, bul also a custodian of both the European and international orders. The centre's work is
respe¢led across party lines and Ihroughoul academia.
Centre on Russia and Eurasia Studies.. a long-running and very influential centre that undertakes
in-depth, analytically focused research into domestic and foreign policy issues in Russia and the other
post-soviel stales. Established in 2010, the programme's geographical scope has widened since
2014, mirroring the high level of importance attached lo the region.
Cantre for the New Middle East.. designed lo provide opinion-leaders and policy.rnakers with the
fresh thinking. analytical research and policy solution5 required lo make g60polilical pmgress in one
of the world's rnost complicated and fluid regions. Established following the fallout from the "Arab
Spring," 120101 the Centre monitors political, ideological. and military and security developments
across the Middle East and provldes Informed assessments of their wide-ranging implications lo key
decision makers.
In addition lo research projects, the charity alsts has two divisions that support such aclivily..
Page 2

THE HENRY JACKSON SOCIETY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
HJS offers a diverse programme of events that highlight ils research projects, featuring high-profile
and dynamic speakers from various sectors and beliefs, fostering a platform for open debate. As the
leading policy events provider in Weslminster, a reputation earned over many years, HJS ¢onlinues
lo host a signili¢anl number of events. These evènts are offered in various lormals-online, hybrid, and
in-person-bringing together prominent figures, human rlghts advocates, and survivors of oppressive
regimes. The global impact has been substantial. with widespread positive feedback.
Cornmunications.. Our media relalions. web, and social media presence effectively promote our
research and event programs on both national and international levels, conlribuling Its public education
through the widespread dissemination of information. The charily has consislenlly outperformed 115
own expectations in generating rnedia coverage and expert commentary, a teslamenl lo the
exceptional quality of ils research.
Objectives for 2023
The charity's objectives for the year focused on enhancing Its capacity to educate the public on national and
international political, social, and economic policies. To achieve this, we aimed to broaden the scope of our
academic research, events. and media presence across diverse export communities. In addition lo
S1￿ngthen1ng our research centres, we sought to improve our operational capabilities to support our growing
research base, while amplifying ou¥ influence and impact.
Stralagies for achlevlng 2023 oblgctlves
In 2023, HJS employed a variety of approaches, including remote and office-based work, whilo ¢nhan¢ing
collaboration with Colleagues in Parliament to exlend our outreach. We inlegraled traditional media efforts with
a more strategic use ol social media, resulting in a broader audience and increased impact.
Our comprehensive programme of proactive and reactive events and reports addressed contemporary global
Challenges, notably the ongoing Conflict in Ukraine and the events in the Middle East after the tragedy of the
October 7th attacks in Israel. Drawing on our esiablished expertise in Russia and Eurasia, we provided delaiFed
analysis and coverage of the situation. Additionally, we launch&d the Ukrainian Diaries event series and
reported on the evolving conflict in Gaza, demonslraling our capaclty lo adapt to, and rellecl upon, significant
inlernalional developments. Furthermore, we reaffirmed our commitment lo a sel of Core values that guide our
work". intogrity and trLJSt, civility and openness. teamwork and collaboration, rigour and Couraga. as well as
originality and impact. These principles have been adhered to IhroughDuI our operations, ensuring that our
activities remain aligngd with our mission and uphold the highest standards.
2023 main achievements and performance
Throughout the year, HJS continued lo focus on p￿SSing global challenges. We maintained our rigorous
analysis of Russia's ongoing aggression towards Ukraine, Chinese infiltration into our universities and
societies, and Iran's persislenl nuclear ambitions. Our reports anticipated and dissected these geopolitical
devtrlopmenls with precision, showcasing our established expertise. By providing education about Vladmir
Pulin's actions, China's propaganda laclics. and Iran's nu¢lear pursuits before they fully unfold on the global
stage. we have been able lo underscore the accuracy and relevance of our insights.
In addilion to our research, HJS intensified efforts lo shift public focus toward often-overlooked issues. Our
educational inilialives achièved notable success, with eight policy recomrnendalions from our research being
incorporated inlts the UK'S legislative agenda. These included new measures regulating public bodies,
involvement in bDycoII and sanctions campaigns. enhanced espionage laws lo address foreign interference,
a British Bill ol Rights to prevent lerrorists from evading deportation through false human rights claims, and a
govemmenl commitment lo improving antisemitism education in schools. We also pioneered further research
into the growing issue of anli-Hindu s&nlimenl in the UK, further diversifying our areas of focus.
One partiCLJlarly notable highlight was the launch Df our Young Thought Leaders Programme. established lo
identty, celebTale, and cullivale emerging lalenl. The alumni of 2023 award was Sophia Browder with her
insightful report on political poisonings. with the event chaired by Baroness Kennedy KC. This recognition has
helped solidify the risin9 profile and relevance of our research and inilialives.
Page 3

THE HENRY JACKSON SOCIETY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
Undoubtedly however. the stand-out su¢cess of the year was the launch of the inaugural Re8gan-Jackson
Security Dialogue, which saw HJS partner with the Ronald Reagan Presidential Foundation and Inslilule to
bring together delegations ol US Congressional l&aders and British Parliamentarians for two days of
discussions in Cambridge. The Dialogue was headlined by Sir Richard Moore, Chief of the Secret InleS1igence
Servlce, and is intended to become an annual event.
Al the end of the year, HJS also announced an association agretsment with the Harry S. Truman Presidenti81
Library & Museum, to continue ils policy of working with US institutions of a similar mindset.
In 2023, wa achieved 322 tier-one media hits, regularly appearing in major broadcast outlets includin9 the
Telegraph, Sky, BBC, Ihg Times, France 24, the Daily Mail. the Guardian, Fox. LBC, GB News, Talk TV, the
Spectator, Bloomberg, alld others.
Our evenls programme continued lo thrive, featuring 68 events hosted al the HJS office with live-streaming
capabilities and additional fyvants organised al Parliament. This extensive programme alltswtrd us to presfjnl
our research and insights lo thought leaders, opinion formers, and the public. The shift lo include online
Contributors enabled us to attract high-calibre audiences and engage global expertise mDre regularly. We also
launched our Countering Disinformation Project, aimed at tackling disinformation and safeguarding democratic
discourse, further enhancing our capacily lo address contemporary challenges.
HJS produced 20 research publications in 2023. These ranged from in-depth reports lo shorter policy papers
9eared towards making policy-relevanl recommendations and are listed here:
Is Western Neglect Responsible for Pro-Russian Sentiment in Hungary and Serbia
The United Kingdom and the Paciflc.. Po8slble Paths for Active British Engagement
Anti-Hindu Hate in Schools
Research Collaboration with High-Risk Countries.. What Does the UK Public Think?
Winning the Peace.. Why Britsin and the Wesl Musl Act Now lo Help Rebuild Ukraine
Strengthening US-UK Relations lo Counter China's Growing Geopolitical Ambitions
A Duty to Protect., The Failure of UK Sanctions Against Iran and the Necessity of Proscribing the IRGC
A Vital Partnership.. How Slrenglhened UK-Taiwan Ties Can Help Mainiain Stable Cross-strail
Relations
Briiain's New Blasphemy Police? Understanding Islamist Anli.Blasphemy Action in the UK
Winter is Coming.. How the UK Should Respond to Russia's Weaponisation ol Energy Sources this
Winter
The Rise of Conflict-Relaled Sexual Violence by Non-slale Actors
Why is the UK Still Party to the Iran Nuclear Deal?: Practical Applications for the Future of the JCPOA
A Weaker Russia and the West's Opportunity in the South Caucasus
Securing Religious Freedom.. Why British Leadership on FORB Should Be A Legal Duty
UK Energy Trilemma.. The Impad of Gas Supply on Energy, Climate. and National Security
Russia and the Anti-westem Axis Musl be Militarily Defeated.. Shtfting the Western Consensus Toward
Ending Russia's Military Threat lo Ukraine and the West
Getting a Fool in the Door.. Creating Future Russia Now
studying Abroad to Serve China.. Research on the Systematic Threats of CSSAS in the UK
Investigating the Use of Poison as a Melhod of Political Repression
Ukraine's Nuclear Shadow.. National Security Implications lor NATO and thè UK
Measur¢$ to a$sess success
The charity critically assesses ils success against ils objectives. Main key performance indicators include.. the
number ol guests al events, inleraclion with officials and policy-makers, the number of reports. the number of
printed and online rnedia placements, the number of broadcast appearances, social media following, the
number of individual and corporate members and the retention of donors plus dev8lopm8nt ol new streams of
funding. These are measured on a monthly basis and reported lo the Trustees al regular intervals.
Public beneflt
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 Commission.
Page 4

THE HENRY JACKSON SOCIETY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
STRATEGIC REPORT
Financial position
Total income in the year increased by £216,733 to £1,210,247 compared with £993,514 for the prior year. Key
Incom8 remained as donations from Henry Jackson Inc and 3rd party donations. The total expenditure for the
year increased from £1,041,093 for the prior year to £1,071,357 for 2023. The charity rosults show a surplus
of £138.890 for the year12022'. £47.579 delicill. The unreslricled funds increased lo £143,26612022.. £4,3761-
Freo reserves al 31 December 2023 amounted lo £132.70512022'. £nill.
Reserves policy
The charity aims lo hold levels of reserves of al leastlhree months operating expenses. This level is maintained
in years the accounts have lower froe reserves indicated by an external guarantee providing access lo lurth8r
funds if required, thereby sa115fying going concern crileria.11 is not th8 intention of the Trustees lo accumulate
reserves and the Trustees seek lo apply all funds 8bove the required lovel in accordance with the charivs
staled objectives.
Three months operating expenses are in the region of £270k. at present the level of free reservès Is below this
desired level.
Futur8 plans
The charity expects to be able lo continue ils organisalional advancement in 2024. This will be 8¢hievgd by:
expansion of our donor base., increasing our income through our individual and corporate mernbership
programm8 and evonls sponsorship,. improving our influence with increased parliamentary and civil servant
engagement. and furthering our impact with heightened media engagement. HJS has hired its first Director of
Development lo help assist reaching these goals. Organisalional exce118n¢e, regulatory compliance and
business improvement remain high in our priorities, with processes and policies being reviewed as appropriale.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing docurnent
The charity is controlled by ils governing docurnenl, a deed of trust. and conslitules 8 liM￿ed Company, limited
by guarantee, as defined by the Companies Act 2006.
Charity ¢onstttullon
The company Ino. 74657411 was incorporated on 9 December 2010. On 18 February 2011 the Trustees of
the unincorporated The Henry Jackson Society Project lor Democr8li¢ Geopolili¢s (UK registered charity
number 11139481 transferred its assets. subject to ils liabilities, lo The Henry Jackson Society la company
limited by guarantee - UK registered charity number 11404891, a successor corporate charity with the same
ch8dtable objectives.
HJS is established as a charitable company limited by guarantee and is a registered Charity with the Charity
Commission INO 11404891. The Charity's affairs are governed by ils Memorandum and Articles of Associ81ion
which allows lor any 8clivilias ¢overed by th8 charity's objeclivas with no restrictions. In the event of the
company being wound up the maximum amount each member will contribute is £1.
The trustees, who are also the directors for the purpose of company law, and who served during the year,
were..
Mr Stuart Caplan
Mr Graham Defries
Dr Alan Mendoza
Mr David Rasouly
Profassor Brendan Simms
Recruitment and appointment of new trustees
Trustees ar$ selected by those Iruslees who are serving at the lime of selection. New trustees are selected
on the basis of the added experience that they can bring to the Board. On selection. Trustees 8fe provided
with Charity Commission documentslion and guidance and havg inducts'on meetings with key management
staff.
Page 5

THE HENRY JACKSON SOCIETY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisallonal structure
The charitable company is administered by the Board of Trustees which Is Ils governSng body. The Bgard
meeis regularly lo discuss and formulate policy which is then implemented by the professional team. Trustees
are appointed to the Board in accordance with the Articles of Association. Decisions made by the Board are
informed with Ihts ielevanl data and inlortnalion and regular ￿portS from our prolessiDnal staff and taken on a
majority vote basis. Operational decisions are delegated lo the Exe¢utive Direclor, or other members of the
Senior Management Tearn. The setting ol pay an(t rerlluneralitsn of the charity's key management personnel
is based on industry benchmarks and is reviewed on an annual basis.
The scale and nature of volunteer actlvity
One of the charity's proudest achievements since its inception has been the way Il has been able to utilise the
help of hundreds of volunteers through ils internship programme. 2023 proved lo be no exception, and we
wère able to continue a high standard of internships, giving volunteers an opportunty lo participate in the lifg
of a think tank.
In 2023, HJS offered a range of engaging internships. and work experfence opportunities aimed al politically
minded. self-molivaled individuals with a wide variety of skills. Interns were taken on a full-time or part-time
basis, to SLJII their requirements. The intern roles occupied throughout 2023 were communications assisianl,
general assistant, events assistant and several r¢search assislanis suppDrting our different research cenlres.
All volunteers were offered accttss lo internal training progr8mmes and tho opportunity to be mentored by
senior researcher or member of the management team.
Thesg young and bright students from diverse backgrounds join HJS for programmes of various18ngths. in
2023, from dozens ol UK universities providing a direct link for HJS to the UK educational sector, fulfilling
HJS'S key obje¢live lo advance the ttducab'on of the public in national policies and international affairs. The
internship progratn has successfully conlinu8d lo include rem(>te volunteering, where interns support HJS
rgsearch fellows online, thanks lo following ol strict online safety protocols and cyberse¢urily poli¢ies. While
virtual intemships may not be as immersivè as office-based experiences, they attract geographi¢alSy dSversg
and international candidates, providing broader perspectives and enhancing the charity's effectiveness. In
total, 33 interns took part in HJS'S placement scheme. In 2023, HJS maintained ils high internship numbers
while choosing a higher calibre of candidates and continues lo offer remote options, providing flexibility lo
accommodate students, varying schedules and locations.
Subsldiary a¢tlvity
The subsidiary undertaking, Strategic Analysls Llmiled, did not trade during the year.
Rlsk manag8m8nt
The Board of Trustees is responsible for the management of risks faced by the charity. Risks are identrfied,
assessed. miligaled and controls established. The principal risks and un¢ertainlies lacing the charity and the
stralegies for managing the risks are.
Loss of income due to withdrawal of support frorn donors the or9anisalion continually Ilaistss with
existing donors and also reaches out lo pol&nlial new ones al every possible opportunity.
The sècurity ol staff and premisas - tha office s6curity is as tight as could reasonably be 8xp&cted and
the risks are discussed with staff and advice offered.
Cyber-security risk if systems fail lo meet operational need andlor a losslcorruption of data occurs
cyber security and aulhorisalion procedures are regularly appralsed and measures lo secure and
protect data are implemented.
The management of risks is driven by the risk management policy. Consequently, the Trustees are satisfied
that the rnajor risks identified have been miligaled appropriately and there 8re no major threats.
Page 6

THE HENRY JACKSON SOCIETY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07465741 IEngland and INalesl
Registered Charlty number
1140489
Ragist8r8d office
20th Floor
Millbank Tower
21-24 Millbank
London
SW1P 4QP
Auditors
Haines Walls
Chartered Accountants & Slalulory Auditors
Old Station House
Slalion Approach
Swindon
Wiltshire
SN1 3DU
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Iruslees Iwho are also the directors of The Henry Jackson Society for the purposes of company lawl are
responsible for preparing the Report of the Trustees and the financial slalemenls in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)
including Financial Reporting Standard 102 'The Financial Reporting Siandard applicable in the UK and
Republic ol Ireland..
Company law requires the trustees to prepare financial slalgments for each financial y&ar which give a true
and fair view of the slate of affairs of the charitable company and of the incoming resources and application of
resources, induding the income and expenditure, ol the Charitable company lor that period. In preparing those
fin8ncial slalements, the Irusle8s are required lo
select suitable accounting policies and then apply them CDnsistentty',
observe the rnelhods and principles in the Charity SORP.,
make judgements and eslimates that are reasonablg and prudent.,
stale whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial slalements.,
prepare the financial slalements on the going ¢oncern basis unless it is inappropriate lo presume that the
charitsble company will continue in businèss.
The Iruslees are responsible for keeping proper accounting records which dlsclose wllh reasonable accuracy
al any lime the financial position of the charitable company and lo enable them lo ensure that the financial
$1819menls Comply with the Companies A¢1 2006. They are also responsible lor safeguarding the assets of
the charitable company and hence for taking reasonable step5 for the prevention and detection of fraud and
other irregularities.
In so far as the trustees are aware..
there is no rel8vanl audil inforrnalion of which the charitsble company's auditors are
unaware., and
the Iruslees have tsken all steps that they ought lo have taken lo make themselves aware of any relevant
audit information and to establish that the auditors are aware of that information.
Page 7

THE HENRY JACKSON SOCIETY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
AUDITORS
The auditors, Haines Watts, will be proposed for re-appoinlmenl al the forthwming Annual General Meeting.
ReF)orl of the Iruslees. incorporating a strategic report. approved by order ol the board of Iruslees. as the
company direelors, on 18 September 2024 and signed on the board's behalf by..
Mr D Rasouly- Trustee
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE HENRY JACKSON SOCIETY
Opinion
We have audited the finan¢ial stslemenls of The Henry Jackson Society Ilhe'charilable company'l for the year
ended 31 De¢embei 2023 which comprise the Slalemenl of Financial Aclivilies, the Slalemenl of Finallclal
Position, the Slalemenl of Cash Flows and notes to the financial statements, including a summary ol significant
accounting policies. The financial reporting framework that has been applied in their preparation is applicable
law and United Kingdom Accounting Standards (United Kingdom Generally A¢¢epted A¢¢ounting Practicel,
including Financial Rgporting Standard 102 The Financial Rgporting Standard applicable in the UK and
Republie of Ireland,.
In our opinion the financial slalemenls-.
give a true and fair view of the state of the charitable company's affairs as al 31 December 2023 and of its
incoming r8sourc@s and application of resources, including ils income and expenditure, for tha year than
end&d.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,
including Financial Reporting Slandafd 102 'The Financial Reporting Standard applicable in the UK and
Republic ol Ireland,; and
have been preparad in accordance with the requirements of the Companies Act 2006.
Basls for oplnion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
appli¢abl¢ law. Our responsibilities under those standards are further described in th& Auditors. responsibilities
for the audit of the financial slalements section of our report. We are independent of the charitable company
in accordance with the ethical requirements that are relevant lo our audit ol the financial statements in the UK,
including the FRC'S Ethical Standard, and we have fU￿illed our other ethical responsibililies in accordance with
these requirements. We believa that the audit evidencg w8 havg obtained is SLJfficient and appropriale to
provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial slalemenls, we have concluded that the Iruslees. use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on th8 work we have performed. we have not identified any material uncertainties rèlating lo events or
conditions th81, individually or collectively, may cast significant doubl on the charitable company's abilty to
continue as a going concern for a period of al least twelve months from when the financial slalemenls are
aulhorised for issue.
Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the
reSevanl sections of this ￿pOrt.
Other Information
The trustees are responsible for the other informatlon. The other information cornprises the information
illcluded in the Annual Report, olherthan the financial statements and our Report of the Independent Auditors
thereon.
Our opinion on the financial statements does not cover th¢ other information and, ex¢epl lo the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibilrty is to read the other information and.
In doing so, consider whelher the other information is materially inconsislènl with the financial statements or
our knowledge obtained in the audit or olh8rwise appear5 to be materially misslaled. If we identify such
material inconsistencies or apparent material misstalemenls. we are required lo determine whether this gives
rise to a material misslatemenl in the financial stalemenls themselves. If, based on the work we have
performed, we conclude that therg is a matorial misstat&m8nt of this other information, we are required lo
report that lacl. We have nothing lo report in this regard.
Comparative Figures
The comparative figures for 2022 are unaudited.
Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE HENRY JACKSON SOCIETY
Opinions on other matters prescribed by th& Companie5 Act 2006
In our opinion, based (>n the work undertaken in the course of the audit..
the information given in the Report ol the Trustees for the financial year for which the finan¢i81 statements
are prèpared is consistent with the financial slalemenls.. and
the Report of the Trustees has been prepared in a¢cordance with applicable legal requirements.
Matters on whl¢h we are required to rgport by exception
In the light ol the knowledge and understanding of the charitable company and its environment obtained in the
Course of the audit, we have not identified material misslalemenis in the Report of the Trusletss.
We have nothing to rBport in rèspect of the following matters where the Companies Act 2006 requir6s us lo
report to you if, in our opinion..
adequate accounting records have not been kept or returns adequate for our audit have not been received
from branches not visited by us.. or
the financial statemenis are not in agreement with the accounting records and relums., or
rtain disclosures of Iruslees, rernuneration specified by law are not made., or
wo hava not received all the information and explanations we require for our audit.
Responsibilities of trustegs
As explained more fully in th8 Statement of Trustees, Responsibilities, the trustees Iwho are also the dir&ctors
of the charitable company for the purposes of company law} are responsible for the preparaliDn of the financial
slalemenls and for being satisfied that they give a true and fair view, and for such inlemal control as the
Iruslees determine is necessary lo enable the preparation of financial statements that are free from material
misslaletr)enl, whether duè lo fr8ud or error.
In preparing the financial slalements, the Iruslees are responsible for assessing the charitable Company's
ability to conlinue as a going concem. disclosing. 85 applicable, matters related to going concem and using
the going con¢ern basis of accounting unless the Iruslees either intend to liquidale the ¢h8rilablo company or
lo cease operations, or have no realistic allernalive but to do so.
Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE HENRY JACKSON SOCIETY
Our rèsponsibilitiès for the audit of the financlal statements
OLJr obje¢tives are lo tsblain reasonable assuran¢e about whether the financial stslements as a whole ar& free
from fflalerial misstatement, whether due lo fraud or error, and to iSSLJe a Report of the Independent Auditors
that includes our opinioll. Reasonable assurance is a high level of assurance, bul is not a guaranl&e that an
audit conducted in accordance with ISAS IUKI will always delecl a material misstalemenl when il exists.
Misstalements can arise from fraud or error and are considered material if. individually or in the aggregat&.
they could reasonably be expected to influence the econornic decisions of users taken on the basis ol these
financial stalemenis.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below..
We obtained an understanding of the legal and regulatory framework applicable to both the charity itself and
the industry in which il operates. We identified areas of laws and regulations that could reasonably be expected
lo have a material effe¢l on the financial slalements from our sector experience and through discussion with
the trustees and other management. The most significant were identified as the Companies Act 2006. UK
GAAP IFRS1021, Charity SORP and relevant tax legislation.
We considered the extent of compliance with those laws and regulations as part of our procedures on the
related financial statements. Our audit procedures included..
making enquiries of Iruslees and managemenl as lo where they consider there lo be a susceptibility to fraud
and whether they have any knowledge or suspicion of fraud.,
obtaining an understanding of the internal controls established to miligale risks related to fraud or nDn-
compliance with laws and regulations.,
assessing the design effectiveness of the controls in place lo prevent and detact fraud.,
assessing the risk of management override including idenlifying and lesllng lournal entries..
challenging the assumptions and judgements made by management in ils significant accounting gsllmalès.
Despite the audit being planned and conducted in accordance with ISAS IUKI there remains an unavoidable
risk that material misstatements in the financial slalements may not be deleGted owing lo inherent limitations
of the audit. and that by their very nature. any such instances of fr8ud or irregularity likely involve collusion,
forgery, intentional misrepresenlalions, or the override of internal controls.
A further description of our responsibilities lor th& audit of the financial slalemenls is located on the Financial
Reporting Council's website al www.frc.org.uklauditorsresponsibllilies. Thls description forms part of our
Report of th6 Indep&n¢Jenl Auditors.
Page11

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE HENRY JACKSON SOCIETY
Use of our report
This report is made solely lo the charitable company's members. as a body, in accordance with Chapter 3 of
Part 16 01 Ihe Companies Act 2006. Our audit work has been undertaken so Ihal we might state to the
charitable company's members those matl8rs we aro required to stala to them in an auditors, report and for
no olh&r purpos8. To the fullest extent permilled by law. we do not accept or assume responsibility lo anyone
other than the charitable company and the charitable companls members as a body, for our audit work. for
this report, or for the opinions we have formed.
Susan Plumb ACA (Senior Statutory Auditor)
for and on behalf of Haines Watts
Chartered Accounlanls & Slalulory Auditors
Old Station House
Slalion Approach
Swindon
Wiltshirg
SN1 3DU
Dale..
Page 12

THE HENRY JACKSON SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
Total
fijnds
2022
Total
funds
Unreslricled
fund
Restricted
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
1.196,099
1,196,099
981,365
Other trading activities
Investment income
14.143
14,143
12,144
Total
1,210,247
1.210,247
993,514
EXPENDITURE ON
Charitable activities
Charitable activities
1,071,357
1.071,357
1.041,093
NET INCOMEIIEXPENDITUREI
138,890
138,890
147,5791
RECONCILIATION OF FUNDS
Total funds brought forward
4,376
4,376
51.955
TOTAL FUNDS CARRIED FORWARD
143,266
143,266
4,376
The notes form part of these financial slalemenls
Paga 13

THE HENRY JACKSON SOCIETY
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023
2023
Total
funds
2022
Total
funds
Unrestricted
fund
Reslrieled
fund
Notes
FIXED ASSETS
Tangible assets
Investments
10,560
10,560
12,565
10.561
10,561
12,566
CURRENT ASSETS
Debtors
Cash al bank
13
38,287
178,563
38,267
178,563
50,109
80,327
216,830
216.830
130,436
CREDITORS
Amounts falling due within one year
14
169,7731
169,7731
1114.4561
NET CURRENT ASSETS
147,057
147.057
TOTAL ASSETS LESS CURRENT
LIA81LITIES
157,618
157.618
28,546
REDITORS
Amounts falling due after more than one year 15
114,3521
114,352}
124.1701
NET ASSETSIILIA81LITIESI
143.266
143,286
4,376
FUNDS
Unreslricled funds
18
143,266
4,376
TOTAL FUNDS
143,256
4,37S
The financial slalemenls were approved by the Board of Trustees and aulhorised for issue on 181h September
2024 and were sign&d on ils behalf by..
Dr A L Mendoza- Trustee
Mr D Rasouly- Trustee
The notes form part of these financial slalements
Page 14

THE HENRY JACKSON SOCIETY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Notes
Cash flows from operating actlvltlgs
Cash generated from operations
110,960
25,529
Net cash provlded by operating activities
110,960
25,529
Cash flows from investing activities
PLJr¢h8se of tsngible fixed assets
Interest received
{2,9111
14,7041
Nel cash u88d in investing activities
4,6991
Cash flows from flnanclng actlvltles
Loan repayments in year
9.818
9,300
Nel cash used in financing activities
9,8181
9,300
Change in cash and cash equivalents
in the reporting period
Cash and cash equival&nts at the
beginning of the r&portSng period
98,236
11,530
80,327
68,797
Cash and cash equ5val8nts at the end
of the reportlng pèrlod
178,563
80,327
The notes form part of Ihesg financial statements
Page 1S

THE HENRY JACKSON SOCIETY
NOTES TO THE STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
RECONCILIATION OF NET INCOMEIIEXPENDITUREI TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2023
2022
Nel incomellexpendlturel for the reportlng perlod la5 per the
statement of Financial Activities)
Adjustmènts for..
Depreciation charges
Interest received
Decrease in debtors
IDecreaseyincrease In creditors
138,890
147.5791
4.916
151
11.842
44.6831
4.188
151
43,405
25,520
Net cash provided by operations
110.960
25,529
ANALYSIS OF CHANGES IN NET FUNDS
Al 111123
Cash flow
At31112123
Not cash
Cash al bank
80,327
98.236
178.563
80,327
98,236
178,563
Debt
Debts falling due within 1 year
Debts falling duts after 1 year
110,0001
24,170
110,0001
14,3521
9,818
34.170
9,818
24.3521
Total
46,157
108,054
154,211
The notes form part of these financial slatemenis
Page 16

THE HENRY JACKSON SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
Bas1$ of prèparlng the flnan¢lal statements
The financial slalemenls of the charitable company, which is a public benefit entity under FRS 102.
have been prepared in accordance with the Charities SORP IFRS 1021 'A¢¢ounting and Reporting by
Charities.. Slalemenl of Recommended Practice applicable lo charities preparing Iheii accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
7021 {effe¢live 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic ol Ireland, and the Companies Acl 2006. The financial slalements
have been prepared under the historical wsl Convgntion, with the gxceplion of invostments which are
included at market value.
The financial slalements are prepared in sterling, which is the ftjnctional currency of the entity and is
rounded lo the nearest £.
Golng concarn
Al the lim8 of approving the a¢countS. the Trustees have a reasonable expectation that the charity has
adequate resources lo continue in operational existence for Ihe foreseeable future. as the Iruslees
expect lo continue ID receive donations from major donors. The charity relies on continued support from
Henry Jackson Society Inc, a US enlily and sees no reason why this support will nol continue for Ihe
next 12 months. Thus the Trustees, continue lo adopt the going concern basis of accounting in preparing
the accounts.
Income
All income is recognised in the Slalemenl of Financial Activities once the charity has enli118menl lo the
ftjnds, il is probable that Ihe income will be received and the amount can be tlleasured reliably.
Expenditure
Liabilities are recognised as expandilure as soon as there is a legal or ¢onslrLJ¢tivg oblig81ion
committing the charity to that expenditure, 11 Is probable that a transfer of e¢tsnomi¢ benefits will be
roquirgd in settlement and the amount of the obligation can be measured r&li8bly. Expenditure Is
a¢counled lor on an accruals basis and has been classified under headings that aggregate all cost
related lo the category. Where costs cannot be directly altribuled to particular headings they have been
allocated lo activities on a basis consistenl wilh the use of resources.
Tanglblo flxed ass•ts
Depreciation is provided al the following annual rates in order lo write off each asset over its estimated
useful life.
Fixtures & ff(lings
25% slraighl line
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unreslricled funds can be used in accordance wilh the Charitable obje¢lives at the discreliDn of the
Iruslees.
Reslrictsd funds can only be used for particular reslricled purposes within the objects of the charity.
Reslriclions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to thè financial
statements.
Pen$lon eost$ and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable lo
the charitable company's pension scheme are Charged lo the Statement of Financial Activities in the
period to which they relate.
Page 17
continued...

THE HENRY JACKSON SOCIETY
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES- continu8d
Debtors
Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the
amount prepaid.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event Ihal will
probably result in the transfer of funds lo a third party and the amoLJnl dLJe lo settle the obligation ¢8n
be measured or estimated reliably. Creditors ar8 re¢ognised al Ih8ir s&ttlem8nl amount.
DONATIONS AND LEGACIES
2023
2022
Donations
Membership fees
Donation from HJS Inc
Other incorne
526,696
27,053
555,173
87,177
413,334
38,034
352,584
179,413
1.196,099
981,365
OTHER TRADING ACTIVITIES
2023
2022
Rentsl income funds
14.143
12,144
INVESTNENT INCOME
2023
2022
Deposit account interest
CHARITABLE ACTIVITIES COSTS
Support
cos15 {see
note 61
Direct
Costs
Totals
Charitable aclivlties
1,003,481
67,876
1,071,357
SUPPORT COSTS
Governance
costs
Other
Totals
Charitable activities
52.400
15,476
67.876
Page 18
continued...

THE HENRY JACKSON SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 DECEMBER 2023
SUPPORT COSTS - contlnued
Support cosis, includod in the above, are as follows=
2023
Charitable
activities
2022
Total
activities
Staff costs- support
Office costs
Legal and professional
staff costs - governance
Auditors, remuneration
Independent Examiner's fee
32,381
13,931
6,088
6,476
9,000
28,230
31,943
10,864
5.646
2.100
67,876
78,783
NET INCOMEIIEXPENDITUREI
Nel incomellexpendilurel is stated after chargingllcredilingl..
2023
2022
Independènt Examinerfs fee
Auditors, remuneration
Depreciation - Dwned assets
2,100
9,000
4.916
4.188
TRUSTEES. REMUNERATION AND BENEFITS
There were no Iruslees, remuneration or olh8r ben8fits for the year ended 31 Dgcember 2023 nor for
the year ended 31 December 2022.
Trustees. expenses
There were no Iruslee8' expenses paid for the year ended 31 December 2023 nor for the year ended
31 Decernber 2022.
STAFF COSTS
2023
2022
Wages and salaries
Social security costs
Oth&r pgnsion costs
576,075
1,473
10,081
502,445
54.064
8.094
647,629
564,603
The average monthly number of employees during the year was as follows..
2023
10
2022
10
Number
The number of employee5 whose employee benefits (excluding employer pension costs) exceeded
£60,000 was..
2023
2022
£140,000. £149,999
£150.000-£159,999
Page 19
continued...

THE HENRY JACKSON SOCIETY
NOTES TO THE FINANCIAL STATEMENTS- continuod
FOR THE YEAR ENDED 31 DECEMBER 2023
STAFF COSTS - continuad
Kgy managgmenl personnel include all persons thal have aulhorlty and responsibility lor planning.
dirtscling and controlling the activities of the Charity. The lolal compensation paid lo key management
personnel for services provided to thè charity was £243.03912022.. £201.8551.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unreslri¢ted Reslricltsd
fund
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
981,365
981,365
Other trading activities
Investment income
12,144
12,144
Total
993,514
993,514
EXPENDITURE ON
Charitable activities
Charitable activities
1,041,093
1,041,093
NET INCOMEIIEXPENDITURE
147,5791
147,5791
RECONCILIATION OF FUNDS
Total funds brought forward
51.955
51,955
TOTAL FUNDS CARRIED FORWARD
4,376
4,376
11. TANGIBLE FIXED ASSETS
Fixtures
and
fittin9S
COST
At 1 January 2023
Additions
27,792
2.911
At 31 December 2023
30.703
DEPRECIATION
Al 1 January 2023
Charge for year
15,227
4.916
Al 31 De￿rnber 2023
20,143
NET BOOK VALUE
At 31 December 2023
10,560
At 31 December 2022
12,565
Page 20
continued...

THE HENRY JACKSON SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continugd
FOR THE YEAR ENDED 31 DECEMBER 2023
12. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
MARKET VALUE
Al 1 January 2023 and
31 December 2023
NET BOOK VALUE
At 31 De¢emb61 2023
Al 31 December 2022
There were no investment assets outside the UK.
The company's investments al the balanco sheet date in the share capital of companies include the
following..
Strateglc Analysis Limited
Registered office.. United Kingdom
Nature of business= Management consultancy activities
Class of share..
Ordinary shares
holding
100
2023
2022
Aggregate capital and reserves
131,6851
131,6851
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Trade debtors
Amounts owed by group undertakings
othgr debtors
VAT
190
2,790
1,168
6,275
27,844
8,619
2.790
1.168
6,564
30,968
Prepayments and accrued income
38,267
50,109
Page 21
continued...

THE HENRY JACKSON SOCIETY
NOTES TO THE FINANCIAL STATEMENTS- cont5nued
FOR THE YEAR ENDED 31 DECEMBER 2023
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Bank loans and overdrafts (see note 161
Trade creditors
Socia1 security and other taxes
Other creditors
Accruals and deferred income
10,000
4,935
23,097
2,286
29,455
10,000
20,843
17.960
1,699
63,954
69,773
114,456
Included in a¢¢ruals and deferred income is £20.87812023 £51,314) of deferred incorne that related to
income lor 2023.
1 S. CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023
2022
Bank loans15ee note 161
14,352
24.170
16. LOANS
An analysis of the maturity of loans is given below..
2023
2022
Amounts falling due within one year on demand..
Bank loans
10,000
10,000
Amounts falling between one and two years..
Bank loans - 1.2 years
1 D,OOQ
10,000
Amounts falling due between b￿0 and five years..
Bank loans - 2-5 years
4,352
14,170
17. LEASING AGREEMENTS
Minimum lease payments Iland and buildings) under nOn-￿ncelIable operating leases fall due as
follows..
2023
2022
Within one year
B&tween on8 and five years
63,050
84,067
63,050
63,050
147,117
Page 22
continued...

THE HENRY JACKSON SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - ¢ontinued
FOR THE YEAR ENDED 31 DECEMBER 2023
18. MOVEMENT IN FUNDS
Nel
mtsvemenl
in funds
Al
31112123
Al 111123
Unrestricted funds
General fund
4,376
138,890
143,266
TOTAL FUNDS
4,376
138,890
143.266
Nel rnovement in funds. included in the above are as follows..
Incoming
resources
Resc>urc&s
expended
Movement
in funds
Unrestricted funds
General fund
1.210.247
11,071,357)
138,890
TOTAL FUNDS
1,210,247
1,071,357)
138,890
Comparatives for mov&m8nt In funds
Net
movement
In funds
Al
31112122
At 111122
Unrestricted funds
General fund
51,955
147,5791
4,376
TOTAL FUNDS
51,955
47,5791
4,376
Comparative nel movement in funds, Included in the above are as follows:
Incoming
resourc8s
Resources
gxpèndgd
Movement
in funds
Unrestrlded funds
General fund
993.514
11.1)41,0931
147,579}
TOTAL FUNDS
993,514
1.041,0931
47,5791
Page 23
continued.

THE HENRY JACKSON SOCIETY
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2023
18.
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined position is as follows..
Nel
movement
in funds
Al
31112123
Al 111122
Unrestrictod funds
General fund
51,955
91,311
143,266
TOTAL FUNDS
51,955
91,311
143,266
A current year 12 months and prior year 12 months combined nel movement in funds. included in the
above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
2,203,761
12,112.450)
91,311
TOTAL FUNDS
2.203 761
2,112,4501
91,311
19. RELATED PARTY DISCLOSURES
Dr Alan Mendoza, a Iruslee, received remuneration during the year of £176.928 12022 £168.8511,
including £1,320 12022 £1,320) of pension contributions and £20,012 12022 £18,008) employer's
national insurance for his role as Executive Director of the charity, in accordance with the charity's
governing documenl. No other Iruslees received remuneration or were reimburseé expenses for their
role as Iruslees.
Included in debtors Inole 7 31 Is an amount due of £2,790 {2022 £2.7901 from the charity's 100% owned
subsidiary Strategic Analysis Limited.
Page 24