Charity registration number 1140489 {England and Wales)
Company reglstratlon number 07465741
THE HENRY JACKSON SOCIETY
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE HENRY JACKSON SOCIETY
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr S L Caplan
Mr G Defries
DrA L Mendoza
Sir B K Lewis
(Appointed 19 December
20241
(Appointed 14 July 20251
(Appointed 14 July 20251
(Appointed 14 July 20251
(Appointed 14 July 20251
(Appointed 14 July 20251
Ms JA Halpem Prin￿ MBE
DrA M Jenkins
Mr D M Tarshish
Mr J M Angus
MsSCGall
Charlty number (England and Wale$}
1140489
Company number
07465741
Registered office
26th Floor
Millbank Tower
21-24 Millbank
London
SW1P 4QP
Audllor
Haines Watts Swindon Limited
Old Station House
Stslion Approach
Swindon
Willshire
SN1 3DU

THE HENRY JACKSON SOCIETY
CONTENTS
Page
Trustees, report
Stslemenl of Iruslees. responsibilities
Independent auditorfs report
9-11
statement of financial activities
Balance sheet
Stslemenl of cash flows
14
Notes lo the financial statements
15-24

THE HENRY JACKSON SOCIETY
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial slalemenls have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's governing document. the Companies Act 2006. FRS 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021
Objectives and activities
Organisation Objectives
The Charity's objectives are lo advance the education of the public in national and intemalional political, social and
economic policy, induding the promotion of research in any of those areas and the publication of the useful results
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 events so that they can better understand the
nature of contemporary national and Intemalional affairs. Extensive research covering a variety of national and
international policy topics is also published for the same purpose.
Legal purposes
All of the charity's activities work towards achieving our legal purposes - educating the public on national and
international political, social and e¢onomi¢ policy. Our 2023 a¢hievements in the field of research, our exiensive
events programme, our national and international media coverage and educats'on of the public, have ensured that
these purposes were met.
Public benefit
The Trustees have complied with their duly in section 17 of the Charities Act 2011 to have due regard to guidance
published by the Charity ComTlliSSiOn.

THE HENRY JACKSON SOCIETY
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Activities
Main areas of activity
HJS'S work is focused into two main streams". "Securing our Societies" and Advancing the Free World" Securing
our Societies" focuses on Ihieals to free societies wf(hin the West, while 'Advancing the Free World" examines how
the enemies of the free world are operating inlemalionally. Building on from 2023's successful activity, the charity
Continued with a subjecl-based approach lo policy and research projects which are calegorised in different cenlres
that work towards achieving its strategic objectives. In 2024, these were..
Centre for the Future of Warfare: The Centre examines how emerging threats and technologies are
transforming the nature of conflict in the twenly-firsl century. Ils research spans autonomDUS systems,
cyber operations, space security, and hybrid warfare, delivering forward-looking analysis and practical
strategies lo help the UK and ils allies adapt, deter, and prevail in an increasingly conlesled security
environment.
Centre for Reslllent Soclety: Estsblished in 2018 as the Centre on Social and Political Risk, it is a citizen-
focused international research hub dedicated lo identifying. diagnosing, and proposing solutions lo threats
facing governance in liberal Western democracies. Now reoriented as the Centre for Resilient Society, il
focuses on strengthening societsl resilience against political, economic, technological, and security
challenges.
Centre for Indo-Pacific Studies: established in 2017, the centre provides an in4eplh understanding of
the structural shifts, regional complexities and historic tensions that exist alongside the tremendous
economic and social growth that Iradilionally characlerise the 'rise of Asia"
It has achieved global
prominence because of ils work on understanding the nature of the threat posed inlernalionally by the rise
of a China governed by a Communist dictslorship.
Centre for Transatlantlc Strategy: Founded in 2017 as the Centre for Global Britsin and subsequently
rebranded, the programme advances an open, confident and outward-looking British geoslralegic policy for
the bNenly-first century. It draws on the UK'S distinctive strengths as an advocate of liberalism and national
democracy, and as a custodian of both the European and wider international Orders. The Centre's work is
respected across party lines and wdely cited in academia.
Centre for Russia and Eurasia Studies- Established in 2010, the Centre conducts In-depth, analytically
focused research on the domestic and foreign policie5 of Russia and the wider posl-soviel space. Ils remit
ha5 broadened since 2014 in line with the region's rising strategic importance, and it is currently focused on
the ongoing confli¢l and its regional spillovers.
Centre for the New Mlddle East: Established in the aftemiath of the 2010 'Arab Spring,. the Centre is
designed to equip opinion-leaders and policymakers fresh thinking, rigorous analysis, and practical
policy solutions to advance geopolitical progress in one of the worfd's most complex and fluid regions. It
closely monitors Political, ideological, military, and security developments across the Middle East, providing
infomied, timely assessments of their wide-ranging implications to key decision-makers.
In addition lo research projects, the charity also has two divisions that support such activity..
HJS runs a diverse programme of events showcasing its research, with high-profile speakers from across
sectors and perspectives, creating a trusted platform for open debate. As Westminster's leading policy
events provider, a reputstion earned over many years, HJS continues to host a substantial number of in-
person, online and hybrid events. These bring together policymakers, human rights advocates and
survivors of oppression, generating significant global impact and consistently positive feedback.
Communications". Through strong media relations, an engaging online presen￿ and active social media
channels, HJS promotes ils research and events lo national and intemalional audiences, helping to infomi
and educate the public. The charity consistently surpasses It5 own targets for media coverage and expert
commentary, demonstrating the exceptional quality and relevance of its work.

THE HENRY JACKSON SOCIETY
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Objecllves for 2024
The charity's objectives for the year centred on strengthening its ability to infomi and educate the public on key
national and international political, social and economic issues. To achieve this, we worked to expand the reach and
depth of our academic research, events programme and media presence across a broad spectrum of expert
communities. Alongside enhancing the capacity of our research cenlres, we focused on improving operational
systems to support a growing research portfolio, while increasing our influence and impact in the policy space.
Strategles for achlevlng 2024 oblectlves
In 2024. we maintained a flexible working approach, combining remote and offi¢e-based operations, updated our
internal policies, and aligned them with current regulations. We integrated traditional media with a more strategic
use of social platfDmis, expanded video production, and hosted a Patronage Dinner, reaching a wider audience and
amplifying our impad.
Our proactive and responsive programme of events and reports addressed majoi global challenges, including the
ongoing war in Ukraine and the conflict in the Middle East, alongside instsbilily involving other regional actors. We
Continued the Ukrainian Diaries event series, adVan￿d our work on religious mapping in the UK, and tirelessly
advocated for the release of hostsges. Drawing on our deep expertise in Russia and Eurasia, we provided detailed
analysis, hosted key young political leaders and reported on developments in Gaza. These activities demonstraled
our ability to respond to significant international issues.
Throughout the year, we remained guided by our core values.. integrity and trust, civility and openness, teamwork
and collaboration, rigour and courage, and originality and impact. These principles underpin all our work, ensuring
our activities remain true lo our mission and uphold the highest standards.
Voluntee
The scalè and natur8 of volunteer activity
One of the charity's proudest achievements since its inception has been the way il has been able lo utilise the help
of hLJndreds of volunteers Ihrough its intemship programme. 2024 proved to be no exception, and we were able to
continue a high standard of internships, giving volunteers an opportunity to partiapale in the life of a think tank.
In 2024, HJS offered a range of engaging internships, and work experience opportunities aimed al politically
minded, self-motivaled individuals with a wide variety of skills. Interns were taken on a full-lime or part-lime basis, to
suit their requirements. The intem roles occupied throughout 2024 were communications assistant, general
assistant, events assistant and several research assistants supporting our different research centres. All volunteers
were offered access to internal training programmes and the opportunity lo be mentored by a senior resear¢her or
member of the managementteam.
These young and bright students from diverse backgrounds joined HJS for programmes of various lengths in 2024,
coming from dozens of UK universities and providing a direct link between HJS and the UK educational sector. This
fullils HJS'S key objective of advancing the education of the public in national policies and international affairs. The
internship programme has successfully wntinued lo include remote volunteering, where interns support HJS
research fellows online, thanks lo the implementslion of strict online safely protocols and cybersecurity policies.
While virtual internships may not be as immersive as office-based experiences, they attract geographically diverse
and international candidates, providing broader perspectives and enhancing the charity's effectiveness. In total, 50
interns took part in HJS'S placement scheme from 16 countries. In 2024, HJS maintained its high internship
numbers while selecting a higher calibre of candidates, and Continued to offer remote options, providing flexibility to
accommodate students, varying schedules and locations.

THE HENRY JACKSON SOCIETY
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achlevemgnts and perf0rn7an¢e
Significant activities and achievements against objectives
2024 Maln Achlevements and Performance
Throughout 2024, the Henry Jackson Society remained focused on the defining challenges to global security. We
continued our rigorous analysis of Russia's illegal war on Ukraine, the escalating conflict in the Middle East, China's
growing assertiveness, and Iran's nuclear ambitions. Our research anticipated and unpacked these threats with
clarity, ensuring policymakers were informed before crises fully unfolded.
This year, our illfluen￿ translated into measuiable policy impact. As we approached the 20th anniversary of the
Henry Jackson Society, we were keen lo highlight the sustained impact of our policy work over lime, induding its
potential for future influence. Our research and advocacy have ¢onlribuled towards thirty-five recommendations,
alongside twenly-nine other significant influences, that have been adopted by the UK Govemment. These have
helped shape commitments to rebuild Britain's warfighting resources, accelerate defence innovation, and strengthen
cyber resilience. Our work has also infomied rneasures to protect critical national infrastructure, enhance M15's
capabilities, deepen Indo-Pacific cooperation, and reinforce the UK'S role in Europe.
We addressed underexamined issues Including hostile slate Interference, shifb.ng religious and political
demographics, and the disinformation that fuels extremism. High-level engagements ranged from convening
European ambassadors in London to continuing the tradition of the Reagan-Jackson Security Dialogue Conference
in partnership with the Ronald Reagan Presidential Foundation and Inslilute. 11 was a privilege lo build on the
momentum of previous years, bringing together US Congressional leaders and British Parliamentarians for two days
of discLJssions in Cambridge.
Headlined by First Sea Lord and Chief of Naval Staff Admiral Sir Ben Key, with contributions from leading experts,
the event reinforced our role as a trusted voice providing the foresight, integrity and strategic clarity needed lo
defend the Free Wodd. It remained a key annual fixture, further deepening transatlantic security cooperation.

THE HENRY JACKSON SOCIETY
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
In 2024. we achieved 196 tier-one media appearances, wth regular Coverage across leading outlets including The
Telegraph. Sky, BBC, The Times, Fran￿ 24, the Daily Mail, The GLJardian, Fox, LBC, GB News, TalkTV, The
Spectator, Bloomberg, and others. We also published 79 opinion pieces over the year, ensuring our analysis and
perspectives reached wide and influential audiences.
Our events programme continued lo thrive in 2024, delivering 42 events frorn our HJS office equipped with live-
streaming capabilities, alongside additional sessions held at Parliament. This diverse programme provided
platform lo share our research and insights with thought leaders, opinion formers, and the public, ensuring our work
remained al the forefront of key policy debates. By integrating online Conlribulors. we broadened our reach,
attra¢ting high-calibre audiences and engaging global expertise more regularly. A major highlight was a dedicated
series of workshops on combating disinfomiation and safeguarding democratic discourse, which significantly
strengthened our ability to confront contemporary challenges and protect the principles of an open society.
HJS produced 16 research publications throughout 2024. These ranged from in-depth reports lo shorter policy
papers geared towards making poliey-relevanl recommendations and are listed here..
Lessons from the First Cyberwar.. How Supporting Ukraine on the Digital Battlefield Can Help Improve the
UK'S Online Resilience
Unfreezing the Abraham Accords.. A New Transatlantic Strategy for Greater Pea￿, Stability and Integration
in the Middle East
The Prospective Immigration Policy of Sir Keir Stamier's Labour Paty
Drawing the Line". Declaring Pulin Illegilimale as a Slep Towards Fulure-Russia
A Culture of I￿pUnity.. Understanding Conflicl-Relaled Sexual Violence in Contemporary Proxy Warfare
Restoring Delerrence." Deslabilising the Iranian Regime
From the Ballot to the Bullet. The Rise of Political Violence in the West- And How lo Slop11
Religious Diversity in UK Padiamenlary Constituencies
Confronting Campus Antisemilism.. A Deep Dive into Campus Climate and Strategic Policy
Recommendations
How Mongolia is Transforming into a Beacon for Foreign Direct Investment in EastAsia
Linking Forces.. Western Support for the Russian Diaspora
Decreasing Rare Earths Dependency.. How the Five Eyes Allian￿ Can Minimise Rare Earths Trading Risk
with China
Military Lessons for NATO from the Russi&Ukraine War.. Prèparing for the Vwdrs of Tomorrow
Prison Break.. Reforming Britain's Prison System
Understanding Kazakhstan's Strategic Importance.. A Middle Power Partner for the UK in Central Asia
Questionable Counting.. Analysing the Death Toll from the Hamas-Run Ministry of Health in Gaza
Measures to assess success
The charity rigorously evaluates its perfomiance against clearly defined objectives lo ensure accountability and
impact. Key perfomiance indicators include event attendance and the calibre of participants, the level of
engagement with officials and policy makers, the volume and quality of published reports, and the extent of
coverage across print, online, and broadcast media. Social media reach, growth in individual and corporate
membership, donor relenlion, and the creation of new funding streams are also closely tracked. These metrics are
monitored on a monthly basis and presented lo the Trustees al regular intervals, enabling informed decjsion making
and continuous improvement.
Financial review
Total in¢ome in the year increased by £44,763 to £1,255,010 compared with £1,210.247 for the prior year. Key
in¢ome remained as donations from Henry Jackson In¢ and 3rd party donations. The lolal expenditure for the year
in¢reased from £1,071,357 for the prior year to £1.217,785 for 2024. The charity results show a surplus of £37,225
for the year12023.' £138,890). The unrestricted funds increased to £180,01012023'. £143,266).
Free reserves at 31 December 2024 arnounted to £174,36512023'. £132,705).

THE HENRY JACKSON SOCIETY
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
ReseThes polioy
The charity aims lo hold levels of reserves of at least three months operating expenses. This level is maintsined in
years the accounts have lower free reserves indicated by an external guarantee providing access to further funds if
required, thereby Satisfying going concern criteria. 1115 not the intention of the Ttuslees lo accumulate reserves and
the Trustees seek lo apply all funds above the required level in accordance with the charity's slated objectives.
Three months operating expenses are in the region of £270k, al present the level of free resetves is below this
desired level.
Majorrisks
Risk management
The Board of Trustees is responsiblè for the management of risks faced by the charity. Risks are identified,
assessed, mitigated and controls established. The principal risks and uncertainties facing the charity and the
strategies for managing the risks are".
Loss of in¢ome due to withdrawal of support from donors- the organisalion continually liaises with existing
donors and also reaches out to potential new ones at every possible opportunity
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
Cyber-security risk if systems fail to meet operational need andlor a losslcorruplion of data occurs - cyber
security and authorisation procedures are regularly appraised and measu￿$ to secure and protect data are
implemented.
The management of risks is driven by the risk management policy. Consequently. the Trustees are satisfied that the
major risks identified have been mitigated appropriately and there are no major threats.
Plans for future perlods
The charity expects lo be able to continue ils organisalional advancement in 2025. This will be achieved by..
expansion and diversification of our donor base,. increasing our income through our individual and corporate
membership programme and events sponsorship", Improving our influence with increased parfiamenlary and civil
servant engagement, and furthering our impact with heightened media engagement. Organisalional excellence,
regulatory compliance and business improvement remain high in our priorities, with processes and policies being
reviewed as appropriate.
Structure. govemance and management
Governing document
The charity is controlled by its governing document, a deed of trust, and consb'tutes a limited company, limited by
guarantee, as defined by the Companies Act 2006.
Charity constitution
The company Ino. 74657411 was incorporated on 9 December 2010. On 18 February 2011 the Trustees of the
unincorporated The Henry Jackson Society Project for Democratic Geopolitics (UK registered charity number
11139481 transferred ils assets, subject lo ils liabilities, lo The Henry Jackson Society la company limited by
guarantee
UK registered charity number 11404891, a successor corporate charity wth the same charitable
objective$.
HJS is established as a charitable company limited by guarantee and is a registered charity with the Charity
Commission (No 11404891. The charity's affairs are governed by its Memorandum and Articles ofAssocialion which
allows for any activities covered by the charity's objectives with no reslriclions. In the event of the company being
wound up the maximum amount each member wll contribute is £1.

THE HENRY JACKSON SOCIETY
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees. who are also the diredors for the purpose of company law. and who served during the year and up lo
the date of signature of the financial statements were..
Mr S L Caplan
Mr G Defries
DrA L Mendoza
Mr D Rasouly
Dr B P Simms
Sir B K Lewis
Ms J AHalpern prin￿ MBE
DrA M Jenkins
Mr D M Tarshish
Mr J M Angus
MsSCGall
(Resigned 31 January 20251
(Resigned 31 December 20241
(Appointed 19 December 2024}
(Appointed 14 July 20251
IAppDinted 14 July 20251
(Appointed 14 July 20251
(Appointed 14 July 20251
(Appointed 14 July 20251
Recmilment and appointment Oft￿SteeS
Trustees are selected by those trustees who are serving al 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 are provided wlh Charity
Commission documentation and guidance and have induction meetings with key management staff.
Org&nis&lional slmcture
The charitable company is administered by the Board of Trustees which is its governing body. The Board meets
regularfy lo discuss and formulate policy which is then implemented by the professional team. Trustees are
appointed lo the Board in accordance wth the Artides of Association. Decisions made by the Board are informed
with the relevant data and Information and regular reports from our professional staff and taken on a Tnaiorily vole
basis. Operational decisions are delegated lo the Executive Director, or other members of the Senior Management
Team. 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.
Relationship with related part￿S
Subsidiary activity
The subsidiary undertaking, SlralegicAnalysis Lirniled, did not trade during the year.
Auditor
In a¢cordance with the company's articles, a resolution proposing that Haines Watts Swindon Limited be
reappointed as auditor of the company will be pul al a General Meeting.
Disclosure of information to auditor
Each of the trustees has confirmed that there is no information of which they are aware which is relevant lo the
audit, bLJt of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to
identify such relevant information and to establish that the auditor is aware of such information.
The trustees, report was approved by the Board of Trustees.
Lgwi
Trustee
Date.. .29/Q912025......................

THE HENRY JACKSON SOCIETY
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees, who are also the dirertors of The Henry Jackson Society for the purpose of Company law, are
responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of the stale of affairs of the charity and of the incoming resources and application of reSoUr￿s, induding the
income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them Consistently.,
observe the methods and principles in the Charities SORP.,
make judgemènts and eslimales that are reasonable and prudent.,
slate whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial slalements", and
prepare the financial slalements on the going Concern basis unless il is inappropriate lo presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disdose with reasonable accuracy al
any lime the financial position of the charity and enable them lo ensure that the financial slalements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for tsking
reasonable steps for the prevention and detection of fraud and other irregularities.

THE HENRY JACKSON SOCIETY
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE HENRY JACKSON SOCIETY
Oplnlon
We have audited the financial statements of The Henry Jackson Society (the 'charity'l for the year ended 31
December 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows
and notes to the financial stslemenls, including significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and R&public of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial slatemenls..
give a true and fair view of the slate of the charitable company's affairs as al 31 December 2Q24 and of its
incoming resources and application of resources, including ils income and expenditure, for the year then
ended.,
have been properly prepared in accordance wlh United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance wlh Inlernalion81 Stsndards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilitie5 under those standards are further described in the Audilorts responsibilities for the audit of
the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant lo our audit of the financial stslemenls in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance ¥Mth these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons r8latlng to golng concorn
In auditing the financial statements, 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 the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubl on the charity's ability lo continue as a going
concern lor a period of al least ￿e1ve months from when the financial slalements are authorised for issue.
Our responsibilities and the responsibilib'es of the trustees ¥Arith respect lo going concern are described in the
relevant sections of this report.
other information
The other Information comprises the Information included In the annual report other than the financial slalements
and our auditorfs report Ihereon. The Iruslee5 are responsible for the other information contained within the annual
report. Our opinion on thè financial slalements does not cover the other infomation and, except to the exlenl
olheNise explicitly slated in our report, we do not express any fomi of assurance conclusion thereon. Our
responsibility is lo read the other information and, in doing so, consider whether the other information is materially
in¢onsistenl ¥Mth the financial statements or our knowledge obtained in the course of the audit, or olhenNise appears
to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether this gives rise to a material misstatement in the financial statements themselves. If,
based on the work we have performed, we conclude that there is a material misslatemenl of this other information,
we are required lo report that fact.
We have nothing lo report in this regard.
Opinion5 on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of our audit..
the information given in the trustees, report for the financial year for which the financial slalements are
prepared, which includes the directors. report prepared for the purposes of company law, is consistent with the
financial slalements", and
the diredors. report included within the trustees. report has been prepared in accordance with applicable legal
requirements.

THE HENRY JACKSON SOCIETY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE HENRY JACKSON SOCIETY
Mattgrs on whl¢h we are requlred to report by exceptlon
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the
audit, we have not identified material misstslemenls in the directors, report included wthin the Iruslees, report.
We have nothing lo report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report lo you if, In our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been re￿iVed
from branches not visited by us.. or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of Iruslees, remuneration specified by law are not made, or
we have not received all the information and explanations we require for our audit., or
the Iruslees were not entitled lo prepare the financial slalements in accordance with the small companies
regime and tske advantsge of the small companies, exemptions in preparing the tiuslees, report and from thè
requirement lo prepare a strategic report.
Responsibilities of trustee$
As explained more fully in the statement of trustees. responsibilities. the trustees, who are also the directors of the
charity for the purpose of company law, are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view, and for such inlemal control as the trustees determine is necessary to
enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or
error. In preparing the financial slatemenls, the trustees are responsible for assessing the charity's ability lo
continue as a going concern, disclosing, as applicable, matter5 related lo going concern and using the going
concern basis of accounting unless the Iruslees either intend to liquidate the charitsble company or to cease
operations, or have no realistic altemalive but to do so.
Auditorfs responsibilities for the audit of the financial statements
Our objedives are lo obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement. whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence
thè economic decisions of users taken on the basis of these financial slatemenls.
The extent lo which our procedures are capable of detecting irregularities, including fraud, Is detailed below.
We obtained an understanding of the legal and regulatory framework applicable lo both the company itself and the
industry in which it operates. We identified areas of laws and regulations that could reasonably be expected lo have
a material effect on the financial statements from our sector experience and through discussion with the directors
and other management. The most significant were identified as the Companiès Act 2006, UK GAAP IFRS1021 and
relevant tsx legislation.
We considered the extent of ¢omplian¢e with those laws and regulations as part of our procedures on the related
financial slatemenls. Our audit procedures induded..
making enquires of directors and management as to where they consider there lo be a susceplibilily lo fraud
and whether they have any knoTMedge or suspicion of fraud.,
obtaining an understanding of the internal controls established lo mitigate risks related lo fraud or non-
compliance with laws and ￿gulatIOnS",
assessing the design effectiveness of the controls in place to prevent and detect fraud.,
assessing the risk of management override including identifying and lesling journal entries.,
challenging the assumptions and judgements made by management in ils signifi¢anl a￿OUntIng estimates.
Despite the audit being planned and conducted in accordance with ISAS IUKI there remains an unavoidable risk
that material misstatements in the financial statements may not be detected owing lo inherent limitations of the
audit, and that by their very nature, any such instances of fraud or irregularty likely involve collusion, forgery,
intentional misrepresentations, or the override of internal controls.
10-

THE HENRY JACKSON SOCIETY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE HENRY JACKSON SOCIETY
A further description of our responsibilities is available on the Financial Reporting Council's websrte al.. https.'Il
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's
members those matters we are required to state to them in an auditor's report and for no other purpose. To the
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable
company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we
have formed.
Martin Gurney FCA (Senior Statutory Auditor)
For and on behalf of Haines Wdtts Swindon Limited, Slalulory Auditor
Chartered Accountants
Old Station House
Stslion Approach
Swindon
Wiltshire
SN1 3DU
Date..

THE HENRY JACKSON SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
funds
2024
Unrestricted
funds
2023
Notes
Income from:
Donations and legacies
Other trading activities
Investments
1,239,172
13,968
1,871
1,196,099
14,143
Total income
1,255,011
1,210,247
Expenditure on:
Charitable activities
1,215,727
1,071,357
Totsl expenditure
1,215,727
1,071,357
Net Incom9 and movom9nl In fund$
39,284
138,890
Reconclllatlon of funds:
Fund balances at 1 January 2024
143,266
4,376
Fund balanc￿ at 31 D￿mber 2024
182,550
143,266
The statement of financial activities includes all gains and losses recognised in the year. Al income and expenditure
derive from continuing activities.
12-

THE HENRY JACKSON SOCIETY
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Flxed assets
Tangible assets
Investments
11
12
8,154
10,560
8,155
10,561
Current assets
Debtors
Cash at bank and in hand
13
61,073
181,220
38,267
178,563
242,293
216,830
Credltors: amounts falllng due wlthln
one year
15
163,5991
169,7731
Net current assets
178,S94
147,057
Total assets less current liabilities
186,849
157,618
Creditors: amounts falling due after
more than one year
16
14,2991
114,3521
Net assets
182,550
143,266
The funds of the charity
Unrestricted funds
17
182,550
143,266
182,550
143,266
The financial stslemenls were approved by the Iruslees on 10.09.2025.
Etahdoh Le￿1
Br3nclon L&wis jsep 29. 202 Jf 13.fJ7.-07 GMT+II
Trustee
Company registration number 07465741 (England and Wales)
13-

THE HENRY JACKSON SOCIETY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash flows from operating activities
Cash generatèd from operations
21
13,836
110,960
Investing activities
Purchase of tangible fixed assets
Investment income re￿iVed
12,9971
1,871
12.9111
Net cash used in investing activitiès
11,1261
{2,9061
Flnanclng actlvltles
Repayment of bank loans
{10,0531
19,8181
Net cash used in financing activities
110,0531
{9,8181
Net Increase In cash and cash equlvalents
2,657
98,236
Cash and cash equivalents at beginning of year
178,563
80,327
Cash and cash equivalents at end of year
181,220
178,563
14-

THE HENRY JACKSON SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
A¢¢ounllng pollcle$
Charlty Infomiatlon
The Henry Jackson Society is a private company limited by guarantee incorporated in England and Wales.
The registered oftice is 26th Floor, Millbank Tower, 21-24 Millbank, London, SW1 P 4QP.
1.1 Basis of preparation
The financial slalements havè been prepared in accordance with the charity's governing document, the
Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland" and the Charities SORP Accounting and Reporting by Charities.. Slalement of Recommended
Practi￿ applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021" The charity is a Public Benefit Enlily as defined by
FRS 102.
The financial statements are prepared in sterfing, which is the fLJnctional CLJrrency of the charity. Monetary
amounts in these financial ststements are rounded to the nearest £.
The financial statements have been prepared under the historical Cost Convention, modified to include the
revaluation of freehold properties and to include investment properties and certain financial instrLJments at fair
value. The principal accounting policies adopted are set out below.
1.2 Going concern
Al the time of approving the accounts, the TTUStees have a reasonable expectation that the charity has
adequate resources lo continue in operational existence for the foreseeable future, as the trustees expect lo
continue lo receive donations from major donors. The charity relies on continued support from Henry Jackson
Society Inc, a US entity and sees no reason why this support will not continue for the next 12 months. Thus
the Trustees, continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Charitable funds
Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
l income is recognised in the Statement Df Financial Activities on¢e the charity has entrtlernenl lo the funds,
it is probable that the income will be received and the amount can be measLJred reliably.
1.5 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation committing the
charity lo that expenditure, it is probable that a transfer of economic benefits will be required in setuement and
the amount of the obligation ¢an be measured reliably. Expenditure is a¢¢ounled for on an accruals basis and
has been classified under headings that aggregate all cost related to the category. INhere costs cannot be
direcuy attributed to particular headings they have been allocated to activities on a basis consistent with the
use of resources.
1.6 Tanglble flxed assets
Tangible fixed assets are initially measured al wst and subsequently measured at cost or valuation, nel of
depreciation and any impaimient losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases".
Fixtures and fittings
250/0 slraighl line
15-

THE HENRY JACKSON SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued)
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of finanaal ath"vib"es.
1.7 Flxed asset Investments
Fixed asset investments are initially measured al cost and subsequently measured at cost less any
accumulated impairment IDsses. The investments are assessed for impairment al each reporting date and any
impairment losses or reversals of Impairment losses are recognised immediately In nel incomellexpendilurel
for the year.
A subsidiary is an entity controlled by the Charity. Control is the power lo govern the financial and operating
policies of the entity so as to obtain benefits from ils activities.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al call wth banks, other short-lerm liquid
investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
thin borrowings in current liabilities.
1.9 Retlrement beneflts
The charitable company operates a defined contribution pension scheme. Contributions payable to the
charitable Company's pension scheme are charged to the Statement of Financial Activities in the period ID
which they relate.
1.10 Debtors
Trade and other debtors are ￿cOgnised al the setuement amount due. Prepayments are valued al the
amount prepaid.
1.11 Creditors
Creditors are recognised where the charty has a present obligation resulting from a past event that will
probably result in the transfer of funds to a third party and the amount dLJe to settle the obligation can be
measured or estimated reliably. Creditors are recognised at their settlement amount.
In¢omg from donatlons and 19gac19$
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Donations and gffts
Donation from HJS Inc
Membership fees
Other
570,814
579,403
33,779
55,176
526.696
555,173
27,053
87,177
1,239,172
1,196,099
16-

THE HENRY JACKSON SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from other tradlng a¢tlvltles
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Rentsl income funds
13,968
14,143
Incoma from invostmonts
Unr9$1rl¢ted Unrg$trl¢ted
funds
funds
2024
2023
Deposit a￿oUnt interest
1,871
Expenditure on charitable activities
Charitable
Activities
2024
Charitable
Activities
2023
Direct costs
Staff costs
Depreciation and impaimient
Events
744,883
5,403
389,291
608,772
4,916
389,793
1,139,577
1,003,481
Share of support and governance costs Isee note 61
Support
Governance
58,776
17,374
52,400
15,476
1,215,727
1,071,357
Analysis by fund
Unrestricted funds
1,215,727
1,071,357
17-

THE HENRY JACKSON SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support costs allocated lo actlvltles
2024
2023
Staff costs
offi￿ costs
Legal and professional
Governance costs
39,622
16,634
2,520
17,374
32,381
13,931
6,088
15,476
76,150
67,876
Analysed between-
Charitable Activities
76,150
67,876
Net movement In funds
2024
2023
The nel movement in funds is slated after d)argingll¢redilingl'.
Fees payable for the audit of the charity's financial slalemenls
Depreaalion of owned tangible fixed assets
9,450
5,403
9,000
4,916
Trustees
One trustee received remuneration in the year of £164,182 12023.. £128,570) for services provided to the
charity in a capacity other than as a trustee. No other trustees re￿iVed remuneration for their role as trustee.
Employ99$
The average monthly number of employees during the year was..
2024
Number
2023
Number
11
10
Employment costs
2024
2023
INages and salaries
Social security costs
Other pension costs
708,932
73,011
10,486
576,075
61,473
10,081
792,429
647,629
18-

THE HENRY JACKSON SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Employees
(Continued)
The number of employees whose annual remuneration was more than £60,000
is as follows..
2024
Number
2023
Number
£60,001- £70,000
£160,001 to £170,000
Remuneration of key management personnel
The remuneration of key management personnel was as follows..
2024
2023
Aggregate compensation
226,861
243,039
10 Taxallon
The charity is exempt from laxalion on its activities because all ils income is applied for charitable purposes.
11 Tanglble flxed assets
Fixtures and
fittinys
Co$t
Al 1 January 2024
Additions
30,703
2,997
Al 31 December 2024
33,700
Depreciation and impaimient
Al 1 January 2024
Depreryation charged in the year
20,143
5,403
Al 31 December 2024
25,546
Carrying amount
At 31 December 2024
8,154
Al 31 December 2023
10,560
19-

THE HENRY JACKSON SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Flxed asset Inve$tments
other
investments
Cost or valuation
Al 1 January 2024 & 31 December 2024
Carrying amount
Al 31 December 2024
Al 31 December 2023
2024
2023
Other investments comprise..
Notes
Investments in subsidiaries
20
13 Debtors
2024
2023
Amounts falllng dug wlthln ono year:
Trade debtors
Amounts owed by fellow group undertakings
Other debtors
Prepayments and accrued income
26,700
2,790
7,502
24,081
190
2,790
7,443
27,844
61,073
38,267
14 Loans and overdrafts
2024
2023
Bank loans
14,299
24,352
Payable within one year
Payable after one year
10,000
4,299
10.000
14,352
-20-

THE HENRY JACKSON SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
15 Credltors: amounts falllng due wllhln one year
2024
2023
Notes
Bank loans
Other tsxation and social security
Trade creditors
Other creditors
Accruals and deferred income
14
10,000
22,530
572
1,987
28,510
10,000
23,097
4,935
2,286
29,455
63,599
69,773
16 Creditors: amounts falling due after more than one year
2024
2023
Notes
Bank loans
14
4,299
14,352
17 Unrg$trld9d funds
The unrestricted funds of the charty comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These indude
desi9nated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 January
2024
Incoming
resources
Resources
expended
At31
December
2024
General funds
143,266
1,255,011
11,215,727)
182,550
Prevlous year:
At 1 January
2023
Incomlng Resources
resources
expended
At31
December
2023
General funds
4,376
1,210,247
11,071,357)
143,266
18 Operatlng lea$9 ¢ommltments
Lessee
Al the reporting end dale the charity had oulslanding commitments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows..
2024
2023
Within one year
63,050
63,050
21

THE HENRY JACKSON SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
19 Related party transactlons
Transactlons wlth related partles
During the year the charity entered into the following transactions with related parties..
Dr Alan Mendoza, a ttuslee, received remuneration during the year of £186,699 12023 £176,9281, including
£1,321 12023 £1,320) of pension contributions and £21,19712023 £20,012) employer's national insurance for
his role as Executive Director of the charity, in accordance with the charity's governing document. No other
trustees received remuneration or were reimbursed expenses for their role as trustees.
-22-

THE HENRY JACKSON SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Sub$ldlarles
Details of the charity's subsidiaries al 31 December 2024 are as follows..
Name of undertaking
Registered
office
Nature of business
Class of
shares held
% Held
Direct Indirect
Strategic Analysis Limited United Kingdom Management consultsncy
activities
Ordinary
100.00
21 Cash generat9d from operatlon$
2024
2023
Surplus for the year
39,284
138,890
Adjustments for:
Investment Income recognised in statement of financial aclivf(ies
Depreciation and impairment of tangible fixed assets
11,8711
5,403
{51
4,916
Movements in working capital..
{Increaselldecrease in debtors
{Decreasel in creditors
122,8061
16,1741
11,842
144,6831
Cash generated from operations
13,836
110,960
22 Analysis of changes in net funds
At l January
2024
Cash flow5 At 31 D￿ernber
2024
Cash al bank and in hand
178,563
2,657
181,220
Loans falling due within one year
Loans falling due after more than one year
110,0001
114,3521
11 tJ,0001
14,2991
10,053
154,211
12,710
166,921
-24-