Company registration number.. 02042768 Charity regh8tration number.. 295006 UNITED KINGDOM-JAPAN 21ST CENTURY GROUP (A company limited by guarantee) Unaudited Financial Statements For the year end 31 March 2025
UNITED KINGDOM-JAPAN 21ST CENTURY GROUP (A company limited by guarantee) REPORT AND FINANCIAL STATEMENTS 2025 CONTENTS Page Officers and Profession81 Advisers Report ol the Trustees Independent Examinerfs f4èport Statement ol Financial Activiti¢& linwrporating an income and expenditure account) Balance Sheet Notes to the Financial Statements 8- 11
UNITED KINGDOM.JAPAN 21ST CENTURY GROUP (A company limited by guarantee) OFFICEFIS AND PROFESSIONAL ADVISERS MEMBERS OF THE BOARD (fRUSTEESI Rl Hon Lord Mcconnell of Glenscorrodale PC Ichmirrnanl David Fitton CMG {EXYt1ve Director) Baroness Barker Syfvain Lacomble Flt Hon Lord Lansley of Orwell CBE PC Paul Madden Dr John Nilsson Williamson-wright SECRETARY David Firton CMG REGISTERED OFFICE clo The Japan Society 1S114 Comwdl Terrace London NW1 4QP CHARITY NO.: 295006 COMPANY NO.: 02042768 BANKERS CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Keni ME19 4JQ SOUCITORS May8r Bwn Rowe & Maw LLP 11 Pilgrim Street LondcTrn EC4V 6RW INDEPENDENT EXAMINER Darren Harding ACA, FCC&K DChA Richard Place Dobson SeNtes MIted 1-7 Station Fload Crawley West SussÈx RHI0 1HT
UNITED KINGDOM-JAPAN 21ST CENTURY GROUP (A company limited by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who arè dso directors of the charlty lor the purposes ol the Companies Act 2006, piesent their report with the financial statements of the charity ltsr the year ¢nd$(J 33 March 2U25. The lin8nci81 statements have been prepared in accordance wth the accounting policies set oyt in note 2 to the financial statamènts and comply wilh the charitable cornpany's mernorandum and articles ol association. The trustees have adopted the provLsions ol Awounting and Reporting by Charities.. Statement ol Recommèndèd Practice appIable to charities preparir)g their accovnts in accordance with thè Financial Fleporting Standard applicable in the UK and Republic of IrelAnd IFRS 1021 (effective l January 20191. INCORPORATION AND REGISTRATION AS A CHARITY The cornpany is inco*porated underthe Companies Act and is limited by guarantéè, the liability of each member being limited to £1. At 31 March 2025 tré w8re 70 rnembers and associate memb&r$12024- 6$). The cornp8ny is registered wth the Chadty Commission, registration numbèr 295006 and Companies House, registration number Q2042768. BOAAD Thè member5 of the Board are the drOr$ of the company tor the purposes of company law and are shgwn below. The members ol ths Board who served during the year were as follows.. Rt Hon Lord Mcconnell of G[¢rcorr0daI8 PC Ichaimianl David ¥rtton CMG (Executwe Dtrector) Baroness Bart(er Dr Lisa Cameron MP IR8signed 20 November 20241 Sylvain Lacornble Rt Hon Lord Lansley ol Omell CBE PC Pavl Madden CMG Dr John Nilsson Williamson.Wrfght Damd RhardSOn (Resigned 20 Novèmbèr 2C1241 Edward Weeks IRèsignÈd 11 March 20251 STRUCTURE, GOVERNANCE AND MANAGEME Governin Document The UK-Japan 21st Century Group (Yhe Group.) is a charitable company fimiled by guarantee govemed by its Memorandum and ArtiGIES ol Association amended in 2003 and lurthei amended in 2010, 2014 and 2018 to take account of thg latest g0Veman practice. There is a wider informal group known as 'Members ol thè Group, who are invited to altend the Annual General MÈeting and any irther appropriate meetings that may be called by the Chaiman. Thè members consider the annual report ol the Board at the Anntjal General Meeting, discuss objectives forthe noxt annual Conferen and Gonfirm the aPpnIm&t ot nèw directors who have been invited to join the Boatd subsequenl to the pievious Annual Gener Meeting. One-third ol the Board of Directors in rotation are required to resign each year and seek re-election at the Annual General Meeting. Memb8rs are also asked to conlimi r&vapF)ointmènt of th(k%e seeking re-etectitsn.
UNITED KINGDOM-JAPAN 21ST CENTURY GROUP (A company limited by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ointment of DiièctorsrtrLJStees The Board, in accordance with praeticè laid down in theArticles ol Association, appoints dirertors. Such appointments a conh.med at the Annuaj Generat Me8ting. Under changès introduced at the October 2014 AGM, directors Iwho are not the nominees of sponsors) are nomalty appointed lor two 3-year tem7s. By exceptÈon, individual members may be offered a 1-yèar extension on an annual basis with the agFeefflent of the Board. Thèrè rnusl be a minimum of 3 and up to a maximum trf 18 directors on the Board. The Board meets quarterly to make sxecutive decisions. In the interim the company is run by the Executive Director, who remains in close contact with the Chaifman ancf the Treasurer. Secretariat support and the keep¢ng ol accounts are provided by the Japan SocÈety. which is contracted lor this by the Board. REsk Mana èment The greate* risk 10 the future ol the Group is that it will find it impossible to raise the funds necessary for its admEnistration and the holding ol the annual conferenTr. To countorthis risk. the Board has instituted a fundraising strategy to secure and maintain the commitmént of further sponsors. The Board cctntinues to review thè lèvel of contributions and the implementation ol the 5tTategy at its quarterjy Board meetings. The Current reseNes and contributions are sufficittnt to meet prO1ted expendrfure for at least the next 12 months, including the planned conference in 2026. OBJECTIVES AND ACTIVITIES Public Benefit We have ferred to the guidaneé CDnt8ined in the Charity Commission's gen8ral guidance on public bènélit when reviewing our aims and objectives and in planning ourfuturè activibes. The obltIveS ol the company a to advancè the education ol the cttizens ol th¢ United Kingdom and Japan in all aspects of each otherfs PL¢blic institutions and systems of govemment. a5 well as each other's political and economic irstitutions, industry, social $CnceS and Culture. Activitie5 The Gioup pursues its objectives through holding an annual Conferen with its Japanesè counterparts, altemately in Btiiain and Japan. As part of the Conferen programme, delegates meet WI thè respective Prime Minisiers and attend further events and meetings hosted by govemrll¢nt representalives and other bodies. Following each conference, the BrSh Co-chaiman submits to the Bfth"sh Prime Minisler recommendations fom)ulatéd by the Group at the conference, notsbly on ways in which cooper8tion Collaboration between the tWC> countries might be enhanced. The Executive Directtir maintains regular contact th wlevant UK-Japan bodies throughout the year to ensure that any OLrtstanding issuÈs in the bilateral relationship ar8 addressed by the Gmup. Conference feedback is ¢omrnuni¢ated directly to the wider membership and thère is an OPFK)rtunty at the AGM lor members to contribute to the agenda of future confeYBnces_ In aofdition, the Group periodically organises and has involvetnent in publtc seminars and meetings that addyess asp8cts of UK-Japan ielations and buil¢J on the themes and recommendations of the annual conference. ACHIEVEMENTS AND PERFORMANCE The 411h ¢tsnference was held on 1ty16 March ai Fordham Abbey, near Newmarket. 23 Britysh and 19 Japanesè partacipants from partiamem, business. the media and academia took part. The Conferen discussior6 loGused on a range of challenges and opportunities for the UK and Japan under heacknngs including geopol1¢al Challenges., the importance of LEniversal heatthcare in ¢ing ntyn-communicable and infectious dk%eases', s¢i8nce and technology cooperation and university partnerships,. climate change and energy security-, and inlorrnalion, cyber and Al. The Group ctsncludod its Conferen cfiscusgions with a series substantive joint rèctsmmendations_ These have een published with tho Chairmen's Summary on th6 wébsites of the Japan Society and th& Japan Center lor Intemational Exchan arKI wll be ciiculated to the wider membership ol the Group. The UK Co-chaimian, Lord Mcconnell, comtnunicated a summary ol the Group's discu&8ions atlhe 41> conl&ren¢e together with ihtr ¢onl&renGe recornrnendations to the Prime Minkqter and has received across-govemment response. Planning lorthe 42si annu& conference in Japan in 2026 has bègun, to be held in March.
UNITED KINGDOM-JAPAN 21ST CENTUFIY GROUP (A company limited by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FUTURE PLANS The Gr()up's conferences are orgar)ised so as to promctte and luffill the Group's objectives as abov?, and in particular to bring to bear a senior non-governrnental perspective on enhancing UK-Japan co0ra110n •fid collaboration. The value of the conferences may be shown by the influential nature ol the rÈpTèsentstion from parfiament. business, the media and aeademia preseftt on both Sides and by thè itnportance attached to the summary 2nd Tecommendans that they produce for the two Prttne Ministers. This is r8llÈcted in the SpOnSe r¢ceived l¥om both govérnments and the Specif areas of follow.up that are pursued. The Group is c(>tnmitted to building on the discussions that lake place at the annual conference by periDdi¢aJly participating in, and organistng, events that highligttl aspects ol UK-Japan relations. FINANCIAL REVIEW At 31 March 2025, the Group held unrestiicted weNes of £50,189. The GrDUP'S reserves continue tts be strtf1enI to cover 12 months expènditure in line with the Group's r&serves policy. The Grtsup's income cotnes from flve major sponsors. SMALL COMPANY PROVISIONS This report has beer) prepared in accordance with the specia provlsi¢ns lor small companies und8r Part 15 of the CompAnies Act 2006 Approved by the Board and signed on behalf ol the Board David Fitton C Executive Director 12. 11.2025
UNITED KINGDOM.JAPAN 21ST CENTURY GROUP {A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OFTHE UNITED KINGDOM-JAPAN 21ST CENTURY GROUP Independent examlner's report to the trustees ol United KingdomaPan 21st C•ntury Group {*he Charitable Company'l I report to the charity trustees on my examination ol the accounts DI the Charitable Cornpanytor the year ended 31 March 2025. Responsiblllti•$ and basis of report As the charltys trUèÈs of the Charrtable Company land $0 its directors lor the pilO$&S of Company lawl you are responsible lor the preparation of the accounts in accordance with the requirements ol the Companies Act 2006 (the 2006 Act'l. Having satisfied mysewthat the accounts of the Charitable Company are r)ot required to be audited under Part 16 of the 2006 Act and are digible lor indepèndent examination. I wort in resp1 ol my examination of your charity's aecounts as carried out under section 145 01 the Charities Act 2011 Ilhe 2011 ACYI. In carrying out my examination I have followed thè Directions given by the Charity Cgmmission under section 145151 Ibl ol tre 2011 Act. Independ9nt examinevs statement I have compted my gxamination. I confimi that no mattÈrs have rne to my attention in connection wth the examinats.on giMng rn8 cause tcp believe.. accounting records were not kept in raspect ol the Company as required by section 386 01 thè 2006 Act,. or the awovnts do not accord wrth those records- or the accounts do not comply with the accounting rÈquirÈments of section 396 of the 2006 Act otherthan any requirement that the accounts give a true and fair view which is not a matter considered as part ol an independent examination,. or the accounts have not been prepared in accordan with the methods and prileS of the Statement ol Recommended Practice tor accounting and reporting by charities applicable to chants.es prepaiing their accounts in accordancè with th8 Financial Repotting Standard applicable in the UK and Republic of Ireland IFRS 1021. I havè no coemS and have corne across no other matters in Connection with the examination to which attention should be drawn in this report in order to enabl¢ a pr¢yer understancfing ol the accounts to ba rèaehèd Darren Harding ACA. FCCA, DChA Rhard Place Dobson Services rnrted Chartered Accountants 1-7 St8tion Road Crawley West Sussèx RH10 1HT Date.. 5 December 2025
UNITED KINGDOM-JAPAN 21ST CENTURY GROUP {A company limited by guarantee) Statement ol financial activities (incorporating an income and expenditure account for the ear ended 31 March 2025 Notes 2025 2024 Income and •xp•nditure Income from: Donations and SponSohlp 52,500 37,5 Charitablè activities- 1mbur$emernt ol conference delegatès, èxpenses InvesimÈni ineomè- bank interest receivable 7.990 1.020 1,188 Total in¢gme 61,510 39,254 Expènditur8 On: Advancement & education ol citizens ol UK & Japan.. 58,294 52.055 Net incorning l {outgoing} resources, being net income I lexpenditurel for the year 3,216 112.8011 Total funds btought loard 46,97S 59.774 Toial funds e•rried fornard 50,189 46,973 The net i1ornInl0U1golngI resources for the current and pedIng year a derwad from continuing operations. All amounts relate to unrestricted funds. Th8 notes ol pages 8 to 11 lom) part tsf these financial statements.
UNITED KINGDOM_JAPAN 21ST CENTURY GROUP (A company limited by guarantee) Balance sheet as at 31 March 2025 Note$ 2025 2024 Current assets Debtors 24.036 566 Gash at bank and in hand 42,306 54,068 66,342 54,634 Creditors- amounts falling due within one year 16,153 7.661 Net current assets SO,189 46,973 Total a55ets less current liabilities 50,189 46,973 unrerieted funds Incorne and expenditure account 50,189 46,973 The charitable cornpany is entr(led to exemption from audit under Secion 477 ot the Companies Act 2006 lor the year ended 31 March 2025. The members have not required the charitable company to obtain an audit of its financial statements lor the year ended 31 March 2025 in accordance with Section 476 01 the Companies Act 2006. The trustees aCknOedge their responsibilrti8s lor lal ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and Ibl preparing financial statements which give a true and fair view of the state of affairs ol the charitablè company as at the end of each financial year and ol its surplus or delicit for each financial year in accordance with the requirements ol Sections 394 and 395 and which othenwse comply with the requirernents of the Companies Aet 2006 relating to financial statements. so far as applicable to the charitable company. These financial statements have been prepared in accordance with Ihe special provisions ol Part 15 of the Companies Act 2006 relating to charitable small companies. 11-11-ts- The financial statements were awjroved by thg Board of Trustees on ............................................. and were signed on its beha by- Lord Mcconnell of Glenseorrodale Treasurer The notes of pages 8 to 11 form part ol these financi statements.
UNITED KINGDOMAPAN 21ST CENTURY GROUP (A company limÈted by guarantee) Notes to the financial statements For the ear ended 31 March 2025 General information United Kinodorn-Japan 21* Century GrcTrUP a charitable company limited by guarantee inoorporated and registered in Eng18nd and Wales (company numb&r 2042768, charity number 2950061. The address of the registe ollice is given on page 1. The nature ol the Group's operations and aCtiV¢[e$ is given rn Report ot the Board ol Ditls. Accounting polici88 Basi$ of accounltng The financial statements are prepared und8r the histoiical cost ¢onvention. The financial statemènts have been prepared irt a¢¢ordance with the Statement ol Recommended Practice= Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard aFiplic8ble in the UK and Republic ol Ireland IFRS 1021 (effective January 201 $1 (Charilies SORP IFRS 1021, the Companies Act 2006 and the Charities Aet 2011. The functional currency is the same as the pSenlIOnaI ¢utTency IGBPI is rounded to the nearest pound. Thè Group constttul8s 8 Publ benefit entity as defined by FRS 102. Ftnaneial reporting standard 102 - redtEced dis¢108ure exemptions The charity has taken advantage ol the lollowng disclosure exemption in prepartng these financial stat8ments, as pem)itted by FRS 102 The Financial Rèporting Standard applicable in the UK and Republic ol Ireland,: the requiremenis ol Section 7 Statement tsl Cash Flows. Going concern The Directors a confident that the charitable company has adequate reserves and resources to continue operations lor the foreseeable f(rture and is well placed to manage ils busine risks successfully despite the current uncertain economie OLthook. Forthis reason, Ih¢y continue to adopt the going concem basis in preparing the financial slatements. Incomé Income frorn donations, sponsorship and bank irtterest are accoL5nted lor on a receNable bask8. DI¢t eharitable expendilure Expendituie is aceounted for on an acctuals bas¢s. Direct charitab èxpènditure includes all exp¢nditure directly related to th¢ objects ol the charity and comprEses of.. Annual conference aXpèrS consist of hotel, transport, Subsisten and other adrninistratwe costs. Other expenditure Govèmance costs present expenditu¥e incurred in Ihè marhagement ofthe Ch[ty's assets, organisational administration. and compliance with constitutional and statutory requirements. This ¢xpenditure is deemed to bo support costs ol the owisation. Flnan¢lal instruments The Group only has financial asstrts and firhancial liabilrties ol a kind that qualify as basic financi instruments. Basic linanaaj instruments are inrtially OgniSed at transaction value and subsequently measured al the¢r settkment value with the exception ol bank loans which are subsequentyy measured at arnortised cost L(sing thè ètttiVe interest method. Debtors Debtors are recognised initially at fair value. Sub88quent lo initial recognth.on they are measured at amortised cost using the effective interest mèthod, 18ss any impainnent l¢sses.
UNITED KINGDOM-JAPAN 21ST CENTURY GROUP (A company limited by guarantee) Notes to the financial statements For the ear ended 31 March 2025 AOntonY poli¢i¢¥ (continued) Cash at bank and in hand Cash and cash equivalents consist of cash on hand and balances with banks, and investments in money mart(et instruments which are readily convertible, being those with original m4turities of three months or less. Creditors Creditors are recognised inallY at fair value. Subsequtrnt to initial recognition Ihey are measur&d at amorb.sed cost using the effective interest method. Employee Btrnefits The costs ol short-tomi employee b6nèltts are recognised as a liabilty 2nd an expense. Taxation Th& charity is exèmpt Irom cotporation tax on its charity activities. Fund Accountlny Unrestricted funds Unrestricted lunds are donations, investment incomè and other itming resources receivable or generated lol the objects ol the charity. The general Ind therefore comprises those monies which may be used towards meeting the charitable objectwes ol the Trust at the discretion el th& direotors. Voluntary income 2025 2024 Donatlons and sponsorship Astellas 7.500 Astra Zeneca 7,500 7,500 BAE Systems PIC 7,500 7,500 Clown Agents 7,500 HSBC 7.500 7,500 Richmond Pharmacology 7,500 Terumo BCT 7,500 7,500 Universitigs UK l Midlands Innovation 7,500 52,5 37,500
UNITED KINGDOM-JAPAN 21ST CENTURY GROUP (A company limited by guarantee) Notes to the financial statements For the ear ended 31 March 2025 Charitsble actlvlty ¢osts 2025 2024 ExecLrtwe Directorfs lees 12.000 12,QOO Employer's national insurance 400 400 Other expenditure 34 113 Ctsnlerence 36.546 3C).351 Support costs- see note 5 9,314 9.191 58.294 52.055 Support and Governance costs 2025 2024 Japan Society Secretarial Setvices 7,500 7,500 Bank charg¢8 114 91 Independent Examiner Fee 1,700 1,600 9,314 9,191 The nLEmber ol Directors recEiving r¢rlluneration lor the year was 1 12024- 11. The director is eonsidered to be key management and amounts paid to key management arg shown in note 4. No employees recVed over £60,000. Debtors 202$ 2024 Due within one year Prepayments and othei debtors 24,036 566 24.036 566 io
UNrrED KINGDOM-JAPAN 21ST CENTURY GROUP (A company limited by guarantee) Notes to the financial statements For the ear ended 31 March 2025 Creditors.. amounts lèlling due within one year 2025 2024 Trado ¢r¢ditors 14,417 1,936 Accruals 1.700 1,600 Other 36 4.125 16,153 7,661 Unrestricted funds 2D25 2024 Income and expenditure account Balance brought lorN8rd 1 April 46,973 59,774 Surplus I IdeliGill lor lh¢ year 3,216 112,8DI1 Balanee at 31 March 50,189 46,973 Related party transactions Thè Directors considerthernselves ascomprising the Key Management Personnel olthe Group. responsible lor diréeting and controlling the GroLtp. Directofs remuneTats'on and national Insuran expenses of £12,400 12024 - £12,400) c¢)mpiise lees and expenses lor the CL¢rr6nt year paid to David Fittork. The payment ol Directorfs remunBration is irk re4)ect of seNices provided in the running ol thè annual conference and related activty, and was approved by the Directors at a Boa Meetin9 and is permitigd under the charitable company's memorandum and artlèg of association. During the year £255 12024 - £4,665) ol tra1 and sundry expenses were reimbursed te 312024 - 61 Diwtors. The company is cOntrold by the Board. Thè Board does not consider there to be an uhimate controlling paty. 10. Taxation UnitÈd Kingdom-Japan UK 21° Century Group is a registered charity and is therefore exempt from taxation of its income and gains as the Charity falls within the definition of charitable company as definèd in Part 1, Schedule 6 of the Finance Act 2010. No tax charge has arisen duitng the year.