OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-04-30-accounts

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

Charity Number: 1122052 Company Number: 05775827

Global Dialogue Annual Report and Financial Statements For the year ended 30 April 2023

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

Reference and Administrative Details of Global Dialogue, its Trustees and Advisers

Charity Number 1122052
Company Number 05775827
Registered Office First Floor, 10 Queen Street Place, London EC4R 1BE
Trustees Robert Abercrombie (Chair)
Sarah McNeer Brooks
Daria Cybulska
Ali Khan
Gabriel Ng
Jenny Oppenheimer
Debbie Pippard (Vice Chair) (resigned 22ndDecember 2023)
Walter Veirs
Muna Wehbe
Executive Director Esther Hughes
Bankers HSBC Bank, 8 Canada Square, London E14 5HQ
Accountants Accounting Solutions for Charities
23 Cadogan Gardens London N3 2HN
Auditor Knox Cropper LLP, 65 Leadenhall Street, London EC3A 2AD

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 1

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

Introduction

The trustees present their annual report and financial statements of the charity for the year ended 30 April 2023.

These financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the charity’s Memorandum and Articles of Association, the Companies Act 2006, and the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ (SORP) (FRS 102 second edition effective January 2019). This report has been prepared taking advantage of the small companies’ exemption of section 415A of the Companies Act 2006.

Structure, Governance and Management of Global Dialogue

Global Dialogue is a charitable company limited by guarantee, incorporated on 10 April 2006 and registered as a charity on 19 December 2007. The company is governed by its Memorandum and Articles of Association.

The directors of the charitable company are its trustees for the purpose of charity law and the members of the company limited by guarantee. Throughout this report they are referred to as the trustees. The trustees who served during the year ended 30 April 2023 are listed on page 1. No trustees had any beneficial interest in the charity, and no remuneration of directors is paid by the charity.

New trustees are appointed by the existing board and receive an induction process which includes access to founding, financial and planning documents, Charity Commission approved literature, and meetings with senior staff.

Day to day management of the charity’s activities is the responsibility of Esther Hughes, Executive Director. Pay and remuneration of key management personnel is set by the Board with reference to relevant comparative data. In the year 2022-23 the Board conducted a Rewards and Remuneration Review and the resulting Pay Policy now guides all remuneration decisions.

Global Dialogue’s Objectives and Activities

Global Dialogue is an independent, international platform for philanthropic partnership, offering hosting, regranting, incubation and special initiatives capacity, enabling funders to work together to advance human rights and social change.

Our charitable objects are to advance for the public benefit in the United Kingdom or elsewhere such purposes as are recognised as exclusively charitable under the law of England and Wales and in particular (but without prejudice to the generality of those objects):

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 2

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

legislation; obtaining redress for victims of human rights abuse; promoting public support for human rights.

Global Dialogue carries out a range of activities in furtherance of these charitable objects, which we group into four offer areas: hosting, incubating, grantmaking and special initiatives. This report presents income and expenditure under these four areas. Having considered the Charity Commission’s general guidance on public benefit, the trustees are confident that these activities provide benefit to the public both in the UK and abroad.

In the year 2022-23 these included five hosted programmes:

Global Dialogue continues to carry out general grantmaking , enabling funders to make grants supporting human rights and social change worldwide, and to offer a special initiatives programme to assist funders in scoping, testing, and developing new approaches or partnerships.

Grantmaking

Some of the programmes hosted at Global Dialogue involve grantmaking using funds of one or more contributing funders, whilst others are more focussed on collaboration and joint working with funder members making their own funding decisions. Each grantmaking programme has a separate grantmaking policy which is determined by the programme goals.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 3

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

Grants made by Global Dialogue in relation to Migration Exchange and the Funders Initiative for Civil Society are made in pursuit of that programme’s strategic goals, as identified by the Programme Director and by the programme management committee or advisory board, who together identify the outcomes they wish to achieve and then seek organisations who are equipped to deliver them; these programmes do not usually consider unsolicited approaches for funding. In all cases final grant recommendations are presented to the trustee board for approval.

In 2022-3 we began to take over the management of Oak Foundation’s Issues Affecting Women UK portfolio, in partnership with Project Tallawah, working on domestic and psychological violence, trafficking and exploitation, and supporting movements and collaborations in the not-for-profit women’s sector.

Our general grantmaking is not open to general applications, as grants are made from donated funds in accordance with the terms and objectives of that donation. The trustees consider whether any terms applied are consistent with our charitable objects before accepting the donation, and the trustees directly approve any onward grant using donated funds.

Unsolicited applications to all programmes are reviewed by Global Dialogue staff who respond accordingly.

Risk

The trustees confirm that the major risks to which the charity is exposed have been identified and are reviewed by the trustees on a bi-monthly basis, and that systems and procedures have been established to manage those risks. The Board will undertake a review of risk appetite in 2023-4.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 4

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

Activities, Achievements and Future Plans

The year 2022-23 was a period of continued growth for Global Dialogue both in our hosted programmes, and as a result of new initiatives, notably the management of Oak Foundation’s Issues Affecting Women UK grant portfolio.

We saw substantial growth in income, expenditure and staff numbers, particularly for the Funder’s Initiative for Civil Society, but also for the International Education Funders Group and Migration Exchange, and the core team also grew to support this work. The Board continues to oversee the work of the organisation through subcommittees and working groups, notably the Operations Advisory Group, which scrutinises operational matters on behalf of the Board, the Grant Ratification Group, which ratifies all grant decisions, and the DEI Working Group which oversees an ongoing review of diversity, equity and inclusion across the organisation.

During 2022-23 the Board oversaw a review of our strategic framework, and agreed a new mission statement, to advance rights, equity and diversity in partnership with philanthropy. We look forward to reporting against this new mission in 2023-24.

Ariadne

Ariadne is a network of European social change and human rights funders who work together to strengthen philanthropy, help funders act strategically, and encourage new donors to enter the field with maximum impact. The network is made up of 701 individual members from 148 member-organisations, based in 20 countries.

Ariadne’s principal accomplishments in 2022-23 include:

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 5

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

resource section below, provided a basis for conversations with practitioners in the field. Through online and in-person gatherings, presentations to funders, and funder networks, the Coalition promoted the work and helped create space for coordinated discussion and action at this intersection.

Through all of this, Ariadne continues to build relationships with national associations of foundations across Europe, in the hope that joint efforts will attract more funders to the human rights field.

In 2023-24 we will continue to take the opportunity to focus funders on key themes such as racial and gender injustice, shrinking democratic spaces, and the intersection of digital rights and climate justice.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 6

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

Funders Initiative for Civil Society (FICS)

Our vision at the Funders Initiative for Civil Society (FICS) is a world where the people, communities, and movements who advance democracy, human rights, social and economic justice, and environmental protection are equipped with the resources they need to defend and expand civic space. Building on our unique research and analysis, we use convening, incubation, and experimentation to shift funder strategy and practice on the drivers of closing civic space:

We work to galvanise and influence a broad cross-section of funders to direct resources to disrupt and reform these drivers and transform civic space now and into the future. This year, FICS has developed new research and analysis alongside continuing to build its convening and grant-making capability through major initiatives Civic Futures and the Global Narrative Hive (formerly the Narratives Network Initiative).

In mid-2022, FICS was commissioned by the David and Lucile Packard Foundation to conduct a mapping exploring how donors approach funding the core enabling conditions for civil society actors to advance positive change. This research shaped the Foundation’s review of its organisational effectiveness programming, which has subsequently been extended to encompass a focus on supporting the wider civic space in which their grantees operate. This is a significant and welcome new addition to the civic space funding landscape .

In early 2023 FICS recruited a Senior Research and Learning Officer who will lead on refreshing FICS’ analysis and support funder learning, as well as providing much needed capacity to take on further research and consultancy projects as they arise.

Civic Futures

Around the world a growing number of governments are criminalising, monitoring, censoring and smearing activists and movements on the grounds of protecting national security. This phenomenon - which we’ve termed the “Security Playbook” is set to become more widespread as a growing number of individuals, movements and organisations call upon governments and corporations to take urgent and effective action to tackle the climate crisis, inequality and rising authoritarianism.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 7

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

Civic Futures is FICS’ flagship initiative to equip funders with analysis on how states use the Security Playbook and know-how on how to channel resources to civil society efforts in ways there are strategic, effective, aligned and that respect civil society knowledge and leadership. This year, key activities included:

Global Narrative Hive (formerly the Narrative Network Initiative)

The Global Narrative Hive is a new network working to connect and grow the global ecosystem of activists and campaigners, communications workers, researchers, artists, journalists and others who are using narratives to advance their visions of a more just world.

FICS' research shows that anti-rights narratives will be a key driver of closing civic space this decade. Over the past two years FICS has been facilitating a co-design process engaging more than 400 individuals from around the world in consultation, design workshops, and experiments to develop the vision and infrastructure for this new platform.

Stewarded by the Connective, the Hive’s civil society steering group, in March 2023 this process resulted in a new name and a clear and compelling strategy for the Global Narrative Hive. The resulting network will organise its work under four interconnected strategies: connecting members of the narratives ecosystem; supporting collaboration; engaging in deep listening and learning; and, advocating for the distribution of resources (of all types – knowledge, relationships, time, and money) to where they are needed within this ecosystem. A core priority is to broaden out the community working on narrative change and facilitate learning and experimentation related to this kind of work among grassroots actors and in countries where practice is less widespread.

The role of the network in these lines of activities will vary – sometimes the Global Narrative Hive will lead and sometimes it will focus on holding space for or supporting existing actors or collaborations. In September 2022, two new Community Managers joined the team – key roles in moving the network from vision to reality. We look forward to the formal launch of the network in early 2023/24; initial activities include sharing learning from the co-design process with the network’s growing community, curating a series of spaces to facilitate new connections between different parts of the ecosystem, and working with partners to develop

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 8

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

regional learning cohorts. The Global Narrative Hive’s new micro-site (narrativehive.org) will share a growing number of stories from members around the world.

FICS will continue to support the Hive as part of its commitment to resourcing rights-based movements in their work to defend their civic space and develop alternative visions of the future.

Migration Exchange (MEX)

Migration Exchange (MEX) is a UK-based charitable programme. Our vision is a country where people experience a migration system grounded in dignity, equity and fairness. Our mission is to cultivate insight, connection and action across the UK migration and refugee field, working together with civil society to achieve positive change. We focus particularly on independent funders and charities to achieve this mission. Key activities in 22-23 included:

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 9

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

Our new five-year strategic framework to 2028 sets out plans to increase breadth, depth and interconnection in the migration field with the twin goals of building firstly an equitable, power-aware and intersectional funding landscape, better able to resource systems change, and secondly a connected and action-focused refugee and migration sector, better able to drive systems change. Our detailed plans are co-designed with the migration and refugee field and include our 2023-4 delivery objectives which are to:

We will focus on the following development objectives for 2023-4 to ensure MEX is relevant, authentic and has the infrastructure to achieve our goals:

International Education Funders Group (IEFG)

The International Education Funders Group (IEFG) is the largest global network of philanthropic actors funding education. Our members are passionately engaged in local, national and international grant-making within diverse organisations, with differing priorities and individual strategies but a shared belief in the power of education. The members of the IEFG believe that philanthropy must do more and better to achieve the fourth Sustainable Development Goal. They thoughtfully employ philanthropy to foster change. They prioritise local voices, equitable access, and innovation, working collaboratively to transform education and empower communities for a sustainable, inclusive future that respects diverse perspectives and contexts.

As the world reopens its doors to in-person gatherings, the International Education Funders Group (IEFG) reflects on a year filled with reconnection and transformation from May 2022 to April 2023Our return to face-to-face interactions was marked by memorable events, including the IEFG Together convening in Tanzania, a high-level event at the Transforming Education Summit, and the anticipation of yet another IEFG Together event in Edinburgh. These in-person gatherings, which form the core of IEFG's offerings, not only foster the

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 10

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

exchange of knowledge but also strengthen relationships and facilitate new connections crucial to our daily work.

This year was a period of experimentation, evolution, and expansion as we approached the conclusion of our 2019-2023 strategy. Listening to our members and drawing upon their feedback, we undertook a comprehensive review of our membership criteria, financial and governance model, vision, objectives, and membership offerings. The outcome is invigorating: education philanthropy is bold and ambitious. With more inclusive membership criteria and an expanded set of activities aligned with clear objectives, IEFG is poised to amplify philanthropy's impact on global education outcomes.

Our engagement with members reached new heights. Six new members joined our community, while 25 actively participated in our virtual series on crises. Our IEFG Together event in Tanzania saw 30+ member organisations engaging in thought-provoking discussions with 25 grantee partners based in Tanzania. Furthermore, 15 members joined our new Global South Forum, a dynamic platform fostering dialogue on elevating the voices of global south actors in education grantmaking. The Transforming Education Summit witnessed nearly 60 members signing a joint statement by philanthropic actors in support of education, with 65 attending the high-level event in New York.

Our commitment to communication bore fruit as our subscribers grew, with the public Update list surpassing the member Update for the first time, expanding our reach and profile.

In the coming year, we eagerly anticipate the launch of our new strategy and encourage you to share your ideas and opportunities with us. We will introduce a novel in-person event format—a transformative visit to Sobral, offering firsthand insight into remarkable improvements in student literacy rankings. We will also initiate activities supporting the creation of coalitions toward shared goals among peer clusters.

Philanthropy for Social Justice and Peace (PSJP)

Philanthropy for Social Justice and Peace is a hub to support the development and adoption of ideas about what makes a good society, and to connect and strengthen different spaces and agents that advance these ideas. Key activities for the year 2022-23 included:

We have identified three critical dimensions of local peacebuilding work that are now being explored more deeply through the dialogues. These are: 1) the work around bridging, reconciliation and building connections across communities in conflict; 2) organising strategies to achieve systemic changes in the underlying power structures i.e., economic, cultural, social and political and thereby addressing the root causes of conflict; 3) the centrality, legitimacy and wisdom of local voices in peacebuilding processes. The purpose of this process is two-fold. Firstly, for local peacebuilders in the dialogue group to learn from different people and their contexts around the world to

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 11

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

increase the impact of the work. Secondly, to amplify the narratives - voices, stories and issues of local peacebuilders, people and communities and build our individual and collective power and influence to engage with professional peacebuilders and institutional philanthropy.

This work is complimented by our support to the Foundations for Peace Network’s ‘let’s build peace, here & now’ series which is a space for telling the stories of those who have been closest to the ground. This year we organised a conversation that explored how we can address trauma, making space for and facilitating individual, communal and intergenerational healing in peacebuilding work.

In November 2022, the Management Team committed to sunsetting the work programme and operations of PSJP. We identified the following goals that we needed to pursue over the course on the next 18 months: complete the work; share the learning for 15 years of PSJP’s work; embed the work; help to develop the narratives of a good society; sustain the relationships/ community/ connections; and close the operations of PSJP. We have developed a detailed work plan that will serve these goals over the next year.

General Grantmaking

Global Dialogue’s general grantmaking enables funders and philanthropists to make grants for human rights and social change worldwide. In 2022-23 this included continuing support

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 12

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

to Larger Us (formerly the Collective Psychology Project), as well as a new grant to the Fund for Global Human Rights.

Special Initiatives

Our Special Initiatives programme enables us to work with funders to research and develop new philanthropic initiatives. In 2022-23 this included creating infrastructure and capacity needed for initiatives related to rule of law issues in South Asia, and the development of a programme of technical support for Afghan civil society in exile.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 13

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

Financial Review of Global Dialogue

During the financial year 2022-23 Global Dialogue received income of £4,772,602 (20212022: £3,786,060) and made payments of £3,696,907 (2021-2022: £2,063,862) in relation to its charitable activities and governance. This resulted in net income before exchange rate gains/(losses) of £1,075,695 for the year, which together with exchange rate gains of £35,908 (2021-22 gains £101,354) increased total reserves from £3,544,550 to £4,656,153. The funds held by Global Dialogue include restricted funds, which have been segregated by programme (reflecting the way in which funds are separately managed and controlled) and unrestricted funds available for discretionary use.

Global Dialogue’s trustees have set a target level for unrestricted reserves of between 3 and 8 months of core expenditure. This is to allow Global Dialogue a reserve of 3-6 months to continue some level of operation in the event of a sudden deterioration in its finances, as well as give an appropriate degree of flexibility to explore opportunities and enable capacity investment. Reserves are shown in the Balance Sheet as unrestricted funds and the total amount held at 30th April 2023 (excluding Fixed Assets) was £117,985 which equate to about three months of planned forward core expenditure. Trustees are happy to report that current unrestricted reserves are within the target range..

Our principal funding sources during 2022-23 were charitable trusts and foundations who share our commitment to promoting human rights and supporting social change, and our expenditure in pursuit of this commitment included our grantmaking, and our support for Ariadne, the Funders’ Initiative for Civil Society, the International Education Funders Group, Migration Exchange and Philanthropy for Social Justice and Peace.

We’re grateful to our funders and partners for their support during 2022-23, a time of continuing challenge and change.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 14

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees (who are also the directors of Global Dialogue for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 23[rd] November 2023 and signed on its behalf by:

ROB ABERCROMBIE

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 15

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GLOBAL DIALOGUE

Opinion

We have audited the financial statements of Global Dialogue (the ‘parent charity’) and its’ subsidiary (together ‘the group’) for the year ended 30[th] April 2023 which comprise the Consolidated Statement of Financial Activities, the Consolidated and Parent Charity Balance Sheets, Consolidated Statement of Cash flows and notes to the financial statements, including a summary of 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 Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ 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 doubt on the group’s or parent charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to 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 statements and our auditor’s report thereon. The trustees are responsible for the other information.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 16

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GLOBAL DIALOGUE

is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes 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 internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or parent charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to 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 (UK) 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 to influence the economic decisions of users taken on the basis of these financial statements.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 17

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GLOBAL DIALOGUE

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities . 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 opinion we have formed.

Simon Goodridge (Senior Statutory Auditor) for and on behalf of Knox Cropper LLP 65 Leadenhall Street London EC3A 2AD

26th January 2024

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 18

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30[th] APRIL 2023

Notes
INCOME AND ENDOWMENTS FROM
Grants and Donations
Charitable activities
Investments
TOTAL INCOMING RESOURCES
2
EXPENDITURE ON
Charitable Activities
3
TOTAL RESOURCES EXPENDED
NET INCOME/(EXPENDITURE)
Transfers between Funds
9
Other recognised gains/(losses):
Exchange rate gains/(losses)
NET MOVEMENT IN FUNDS
9
Reconciliation of Funds:
Total Funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
61,194
88,752
17,530
167,476
60,244
60,244
107,232
(32,567)
10
74,675
53,001
127,676		 Restricted
Funds
£
486,210
4,118,916
-
4,605,126
3,636,663
3,636,663
968,463
32,567
35,898
1,036,928
3,491,549
4,528,477		 2023
Total
£
547,404
4,207,668
17,530
4,772,602
3,696,907
3,696,907
1,075,695
-
35,908
1,111,603
3,544,550
4,656,153		 Unrestricted
Funds
£
162,739
41,420
31
204,190
33,913
33,913
170,277
(123,053)
822
48,046
4,955
£53,001		 Restricted
Funds
£
301,862
3,280,008
-
3,581,870
2,029,949
2,029,949
1,551,921
123,053
100,532
1,775,506
1,716,043
£3,491,549		 2022
Total
£
464,601
3,321,428
31
3,786,060
2,063,862
2,063,862
1,722,198
-
101,354
1,823,552
1,720,998
£3,544,550

All activities reported above represent continuing activities.

The notes form part of these financial statements.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 19

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE BALANCE SHEETS AS AT 30[th] APRIL 2023

Notes
FIXED ASSETS
Tangible Assets
5
Investments
6
CURRENT ASSETS
Debtors
7
Cash at Bank and on Deposit
LIABILITIES
Amounts falling due within one year
8
NET CURRENT ASSETS
TOTAL NET ASSETS
FUNDS
Restricted Reserve
10
Unrestricted Funds
10
TOTAL FUNDS		 Group
2023
2022
£
£
9,961
11,402
-
-
9,961
11,402
1,432,866
475,322
3,715,020
3,676,588
5,147,886
4,151,910
(501,424)
(618,762)
4,646,462
3,533,148
£4,656,153
£3,544,550
4,528,477
3,491,549
127,676
53,001
£4,656,153
£3,544,550		 Charity
2023
2022
£
£
9,961
11,402
1
1
9,962
11,403
1,497,099
499,345
3,644,984
3,619,936
5,142,083
4,119,281
(495,622)
(586,134)
4,646,461
3,533,147
£4,656,153
£3,544,550
4,528,477
3,491,549
127,676
53,001
£4,656,153
£3,544,550		 Charity
2023
2022
£
£
9,961
11,402
1
1
9,962
11,403
1,497,099
499,345
3,644,984
3,619,936
5,142,083
4,119,281
(495,622)
(586,134)
4,646,461
3,533,147
£4,656,153
£3,544,550
4,528,477
3,491,549
127,676
53,001
£4,656,153
£3,544,550
11,403
499,345
3,619,936
4,119,281
(586,134)
3,533,147
£3,544,550
3,491,549
53,001
£3,544,550

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard 102.

The notes form part of these financial statements

The financial statements were approved by the Board of Trustees and signed on its behalf by:

______ ROB ABERCROMBIE

DATE: 26 January 2024

COMPANY NUMBER: 05775827

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 20

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE CONSOLIDATED STATEMENT CASH FLOWS FOR THE YEAR ENDED 30[th] APRIL 2023

2023 2022
£ £
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash flows provided by (used in) operating activities 28,751 2,075,161
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends, interest and rents from investments 17,530 31
Transfer of equipment to Minority Rights Group International 628 1,133
Purchase of property, plant and equipment (8,805) (13,441)
Disposal of property, plant and equipment 328 1
Net cash provided by (used in) investing activities 9,681 (12,276)
CASH FLOWS FROM FINANCING ACTIVITIES
Net cash provided by (used in) financing activities - -
NET CHANGE IN CASH AND CASH EQUIVALENTS 38,432 2,062,885
Cash and cash equivalents at the start of the year £3,676,588 £1,613,703
Cash and cash equivalents at the end of the year £3,715,020 £3,676,588
RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH INFLOW FROM OPERATING
ACTIVITIES
2023 2022
£ £
Net income/(expenditure) for the financial year 1,111,603 1,823,552
Adjustments for:
Depreciation charges 9,560 5,096
Dividends, interest and rents from investments (17,530) (31)
(Increase)/decrease in debtors (957,544) (235,694)
Increase/(decrease) in creditors (117,338) 482,238
Net cash provided by (used in) operating activities £28,751 £2,075,161

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 21

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

1. PRINCIPAL ACCOUNTING POLICIES

(a) Basis of Preparing Financial Statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102 second edition) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in Sterling which is the functional currency of the Group.

The Consolidated Statement of Financial Activities and Balance Sheet consolidate the financial statements of the of the charity and its trading subsidiary on a line by line basis.

After making enquiries, the trustees have a reasonable expectation that the charitable group has adequate resources to continue its activities for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the Trustee Board’s Responsibilities in the Annual Report.

(l) Unrestricted Funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity.

(ll) Restricted Funds can only be used for particular restricted purposes as specified by the grant giving body or donor.

All income is included in the statement of financial activities when the charitable group is entitled to the Income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

(l) Voluntary Income is received by way of grants, donation and gifts and is included in full in the Statement of Financial Activities when receivable. Grants receivable are recognised when the Charity becomes unconditionally entitled to the grant. Gifts in kind represent assets donated for use by the Charity, predominantly premises, and are recognised when receivable. Gifts in kind are valued at an estimate of the price the charity would otherwise have paid.

(ll) Investment income is included when receivable.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 22

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

1. PRINCIPAL ACCOUNTING POLICIES (Continued)

(f) Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred and included any VAT which cannot fully be recovered.

(l) Expenditure on charitable activities comprises expenditure related to the direct furtherance of the Charity’s objectives as well as support costs. Grants payable are included under charitable expenditure when a contract is signed with the grantee.

(ll) Support costs comprise overheads and governance costs. Governance costs are those incurred in connection with the management of the charity’s assets, organisational administration and compliance with constitutional and statutory requirements.

(g) Tangible Fixed Assets and Depreciation

Tangible fixed assets costing over £500 (including any incidental expenses of acquisition) are capitalised. Depreciation is provided at rates calculated to write off the cost on a straight line basis over their expected useful economic life. The rate of depreciation applied to both Office Equipment and Fixtures & Fittings is 50% for smaller value additions costing less than £5,000 and 20% for additions costing more than £5,000.

(h) Investment Income

Investment Income arises from interest receivable on funds held in interest bearing bank accounts.

(i) Foreign Currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the SOFA.

(j) Financial Instruments

The charity only has basic financial instruments as defined under Section 11 of FRS 102. Basic financial instruments are recognised initially at transaction value and subsequently at settlement value.

(k) Taxation

The company is a registered charity and as such is entitled to exemption from taxation under the Income and Corporation Taxes Act 1988.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 23

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

2. INCOME

Donations and Legacies
Grants
Paul Hamlyn Foundation
Oak Foundation
Open Society Foundations
Donations
Voluntary membership & sponsorship
Other
Sub-total
Charitable Activities
Grants
Oak Foundation
Ford Foundation
Children’s Investment Fund Foundation
Porticus
David and Lucile Packard Foundation
Bill & Melinda Gates Foundation
Anonymous Donors
National Endowment for Democracy
Paul Hamlyn Foundation
The National Lottery Community Fund
C. S. Mott Foundation
EDGE Funders Alliance
AB Charitable Trust
Sigrid Rausing Trust
Joseph Rowntree Charitable Trust
Mozilla Foundation
Fund for Global Human Rights
Barrow Cadbury Trust
Arcus Foundation
Schwab Charitable Trust
Unbound Philanthropy
Dreilinden
Panorama Global
Comic Relief
The Migration Foundation
American Jewish World Service
Trust for London
Zenex Foundation
Open Society Foundations
Others		 Ariadne
Migration
Exchange
Funders’
Initiative for
Civil Society
Philanthropy
for Social
Justice and
Peace
International
Education
Funders
Group
Narratives
Network
Initiative
Issues
Affecting
Women
UK
Other
Unrestricted
Funds
Total
2023
Total
2022
£
£
£
£
£
£
£
£
£
£
£
-
-
-
-
-
-
-
-
38,500
38,500
35,000
-
-
-
-
-
-
-
-
22,694
22,694
-
-
-
-
-
-
-
-
-
-
-
127,739
-
-
-
-
-
-
-
-
61,194
61,194
162,739
162,161
-
-
-
306,228
-
-
-
-
468,389
301,464
17,821
-
-
-
-
-
-
-
-
17,821
398
179,982
-
-
-
306,228
-
-
-
-
486,210
301,862
179,982
-
-
-
306,228
-
-
-
61,194
547,404
464,601
77,500
40,000
-
-
-
-
1,125,509
-
-
1,243,009
640,530
171,917
-
563,301
-
-
210,854
-
-
-
946,072
721,662
-
-
-
-
-
507,176
-
-
-
507,176
286,930
-
-
105,897
-
28,736
-
-
-
-
134,633
77,897
-
-
121,942
-
-
-
-
-
-
121,942
-
-
-
-
-
117,994
-
-
-
-
117,994
7,383
-
-
111,822
-
5,949
-
-
-
-
117,771
292,907
-
-
81,249
-
-
-
-
-
-
81,249
56,267
-
77,000
-
-
-
-
-
-
-
77,000
70,000
76,892
-
-
-
-
-
-
-
-
76,892
76,891
3,978
-
63,386
-
-
-
-
-
-
67,364
170,680
59,984
-
-
-
-
-
-
-
-
59,984
-
-
55,000
-
-
-
-
-
-
-
55,000
50,000
45,000
-
-
-
-
-
-
-
-
45,000
45,000
5,000
-
36,000
-
-
-
-
-
-
41,000
41,250
40,421
-
-
-
-
-
-
-
-
40,421
-
-
-
40,179
-
-
-
-
-
-
40,179
-
-
30,000
-
-
-
-
-
-
-
30,000
32,000
-
-
20,083
-
-
-
-
-
-
20,083
18,969
-
-
-
-
12,636
-
-
-
-
12,636
8,961
-
12,500
-
-
-
-
-
-
-
12,500
45,000
12,387
-
-
-
-
-
-
-
-
12,387
11,826
8,068
-
-
-
-
-
-
-
-
8,068
-
-
7,500
-
-
-
-
-
-
-
7,500
15,000
-
5,000
-
-
-
-
-
-
-
5,000
-
4,073
-
-
-
-
-
-
-
-
4,073
3,727
-
3,750
-
-
-
-
-
-
-
3,750
7,500
-
-
-
-
1,810
-
-
-
-
1,810
30,458
-
-
-
-
-
-
-
-
-
373,849
(72)
-
-
-
-
-
-
-
(72)
22,584
505,148
230,750
1,143,859
-
167,125
718,030
1,125,509
-
-
3,890,421
3,107,271

Global Dialogue

Annual Report and Financial Statements for the year ended 30 April 2023 Page 24

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

2. INCOME (continued)

General Grantmaking
Porticus
Special Initiatives
Open Society Foundations
Other
Conference fees
Supply of services under contract
Sub-total
Investments
Interest Receivable
Total Income		 Ariadne
Migration
Exchange
Funders’
Initiative for
Civil Society
£
£
£
-
-
-		 Philanthropy
for Social
Justice and
Peace
£
-		 International
Education
Funders
Group
£
-		 Narratives
Network
Initiative
£
-		 Issues
Affecting
Women
UK
£
-		 Other
Unrestricted
Funds
Total
2023
Total
2022
£
£
£
£
112,657
-
112,657
-
-
-
-
-
-
-		 -
-		 -
-		 -
-		 -
-		 112,657
-
112,657
-
115,838
-
115,838
172,737
-
-
-
-
-
-		 -
-		 -
-		 -
-		 -
-		 115,838
-
115,838
172,737
-
52,071
52,071
39,420
-
36,681
36,681
2,000
-
-
-		 - - - - -
88,752
88,752
41,420
505,148
230,750
1,143,859		 - 167,125 718,030 1,125,509 228,495
88,752
4,207,668
3,321,428
-
-
-		 - - - - -
17,530
17,530
31
685,130
230,750
1,143,859		 - 473,353 718,030 1,125,509 228,495
167,476
4,772,602
3,786,060

Of the Charity’s total turnover, 79% (2021/22: 76%) was attributable to geographical markets outside the UK.

Following a review of Global Dialogue’s income for the year ended 30 April 2023, it was agreed that grants related to performance and specific deliverables should be reported within income from Charitable Activities rather than within Donations and Legacies, as they had been previously. The effect of this change for the year ended 30 April 2022 is shown in the updated comparative note below.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 25

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

2. INCOME (continued)

Prior year detail

Donations and Legacies
Grants
Open Society Foundations
Paul Hamlyn Foundation
Donations
Voluntary membership & sponsorship
Other
Sub-total
Charitable Activities
Grants
Ford Foundation
Oak Foundation
Open Society Foundations
Anonymous Donors
Children’s Investment Fund Foundation
C. S. Mott Foundation
Paul Hamlyn Foundation
Porticus
The National Lottery Community Fund
National Endowment for Democracy
AB Charitable Trust
Sigrid Rausing Trust
Unbound Philanthropy
Joseph Rowntree Charitable Trust
Barrow Cadbury Trust
Zenex Foundation
Arcus Foundation
Firelight Foundation
Comic Relief
Dreilinden
Schwab Charitable Trust
Trust for London
Bill & Melinda Gates Foundation
Rockefeller Brothers Fund
American Jewish World Service
Tides Foundation
Others		 Ariadne
Migration
Exchange
Funders’
Initiative for
Civil Society
Philanthropy for
Social Justice
and Peace
International
Education
Funders
Group
Narratives
Network
Initiative
Other
Unrestricted
Funds
Total
2022
Total
2021
£
£
£
£
£
£
£
£
£
£
-
-
-
-
-
-
-
127,739
127,739
-
-
-
-
-
-
-
-
35,000
35,000
35,000
-
-
-
-
-
-
-
162,739
162,739
35,000
122,369
-
-
-
179,095
-
-
-
301,464
392,844
-
-
398
-
-
-
-
-
398
10,000
122,369
-
398
-
179,095
-
-
-
301,862
402,844
122,369
-
398
-
179,095
-
-
162,739
464,601
437,844
185,949
-
535,713
-
-
-
-
-
721,662
677,842
77,500
40,000
-
-
-
523,030
-
-
640,530
294,500
108,925
-
182,286
-
82,638
-
-
-
373,849
129,344
74,403
-
97,157
114,253
7,094
-
-
-
292,907
108,553
-
-
-
-
286,930
-
-
286,930
-
3,655
-
167,025
-
-
-
-
-
170,680
80,711
-
70,000
-
-
-
-
-
-
70,000
90,000
-
-
-
-
77,897
-
-
-
77,897
115,879
76,891
-
-
-
-
-
-
-
76,891
-
-
-
56,267
-
-
-
-
-
56,267
-
-
50,000
-
-
-
-
-
-
50,000
20,000
45,000
-
-
-
-
-
-
-
45,000
30,000
-
45,000
-
-
-
-
-
-
45,000
-
-
11,250
30,000
-
-
-
-
-
41,250
79,000
-
32,000
-
-
-
-
-
-
32,000
101,750
-
-
-
-
30,458
-
-
-
30,458
21,502
-
-
18,969
-
-
-
-
-
18,969
17,709
-
-
-
-
15,308
-
-
-
15,308
64,786
-
15,000
-
-
-
-
-
-
15,000
7,500
11,826
-
-
-
-
-
-
-
11,826
-
-
-
-
-
8,961
-
-
-
8,961
9,257
-
7,500
-
-
-
-
-
-
7,500
11,250
-
-
-
-
7,383
-
-
-
7,383
-
3,977
-
-
-
-
-
-
-
3,977
3,618
3,727
-
-
-
-
-
-
-
3,727
3,868
3,536
-
-
-
-
-
-
-
3,536
-
(187)
-
(45)
-
(5)
-
-
-
(237)
133,004
595,202
270,750
1,087,372
114,253
229,734
809,960
-
-
3,107,271
2,000,073

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 26

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

2. INCOME (continued)

Prior year detail

General Grantmaking
The Esmée Fairbairn Foundation
AWO (HNK Data Consulting Limited)
Special Initiatives
Open Society Foundations
Dafne
Other
Conference fees
Supply of services under contract
Other
Sub-total
Investments
Interest Receivable
Total Income		 Ariadne
Migration
Exchange
Funders’
Initiative for
Civil Society
Philanthropy for
Social Justice
and Peace
International
Education
Funders
Group
Narratives
Network
Initiative
Other
Unrestricted
Funds
Total
2022
Total
2021
£
£
£
£
£
£
£
£
£
£
-
-
-
-
-
-
-
-
-
60,000
-
-
-
-
-
-
-
-
-
8,593
-
-
-
-
-
-
-
-
-
68,593
-
-
-
-
-
-
172,737
-
172,737
-
-
-
-
-
-
-
-
-
-
4,349
-
-
-
-
-
-
172,737
-
172,737
4,349
-
-
-
-
-
-
-
39,420
39,420
2,690
-
-
-
-
-
-
-
2,000
2,000
6,761
-
-
-
-
-
-
-
-
-
1,625
-
-
-
-
-
-
-
41,420
41,420
11,076
595,202
270,750
1,087,372
114,253
229,734
809,960
172,737
41,420
3,321,428
2,084,091
-
-
-
-
-
-
-
31
31
355
717,571
270,750
1,087,770
114,253
408,829
809,960
172,737
204,190
3,786,060
2,522,290

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 27

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

3. EXPENDITURE: CHARITABLE ACTIVITIES

Charitable Activities
Hosting
Ariadne
Funders’ Initiative for Civil
Society
International Education Funders
Group
Issues Affecting Women UK
Migration Exchange
Philanthropy for Social Justice
and Peace
Incubation
Five Foundation
Narratives Network Initiative
General Grantmaking
Special Initiatives
Support Costs		 Activities
Undertaken
Directly
Grant
Funding of
Activities
(Note 4)
Support
Costs
Total
2023
Total
2022
£
£
£
£
£
628,829
40,384
81,177
750,390
485,272
402,800
575,808
82,114
1,060,722
508,488
417,272
-
50,584
467,856
275,066
421
-
27
448
-
166,655
15,000
20,973
202,628
286,077
59,343
-
8,974
68,317
44,231		 Activities
Undertaken
Directly
Grant
Funding of
Activities
(Note 4)
Support
Costs
Total
2023
Total
2022
£
£
£
£
£
628,829
40,384
81,177
750,390
485,272
402,800
575,808
82,114
1,060,722
508,488
417,272
-
50,584
467,856
275,066
421
-
27
448
-
166,655
15,000
20,973
202,628
286,077
59,343
-
8,974
68,317
44,231
1,675,320
631,192
243,849
2,550,361
1,599,134
-
-
-
-
39,779
616,979
173,793
95,861
886,633
288,824
616,979
173,793
95,861
886,633
328,603
-
106,215
6,780
112,995
2,554
92,184
36,106
18,628
146,918
133,571
2,384,483
947,306
365,118
3,696,907
2,063,862
Salaries
Outsourced Finance & Accounting
Audit Fee
Professional Fees
Other Support Costs		 Governance
Function
General
Support
Total
2023
Total
2022
£
£
£
£
18,198
213,549
231,747
132,091
4,800
53,693
58,493
58,891
7,050
-
7,050
5,457
21,369
8,311
29,680
21,861
1,031
37,117
38,148
20,679
52,448
312,670
365,118
238,979
Support Costs
Governance General Total Total
Function Support 2023 2022
£ £ £ £
Salaries 18,198 213,549 231,747 132,091
Outsourced Finance & Accounting 4,800 53,693 58,493 58,891
Audit Fee 7,050 - 7,050 5,457
Professional Fees 21,369 8,311 29,680 21,861
Other Support Costs 1,031 37,117 38,148 20,679
52,448 312,670 365,118 238,979

Support costs relate to the central core staff team and running costs of the Charity and are allocated on a basis consistent with the use of resources.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 28

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

3. EXPENDITURE: CHARITABLE ACTIVITIES (continued)

Prior year detail

Charitable Activities
Hosting
Ariadne
Funders’ Initiative for Civil
Society
International Education Funders
Group
Migration Exchange
Philanthropy for Social Justice
and Peace
Restricted Core Costs
Thomas Paine Initiative
Incubation
Five Foundation
Narratives Network Initiative
General Grantmaking
Special Initiatives		 Activities
Undertaken
Directly
Grant
Funding of
Activities
(Note 4)
Support
Costs
Total
2022
Total
2021
£
£
£
£
£
430,533
-
54,739
485,272
423,902
363,828
69,654
75,006
508,488
387,382
245,527
-
29,539
275,066
216,352
89,887
175,000
21,190
286,077
299,944
38,451
-
5,780
44,231
63,755
-
-
-
-
38,250
-
-
-
-
1,197
1,168,226
244,654
186,254
1,599,134
1,430,782
34,185
1,492
4,102
39,779
85,914
257,808
-
31,016
288,824
-
291,993
1,492
35,118
328,603
85,914
-
2,401
153
2,554
66,601
116,117
-
17,454
133,571
40,392
1,576,336
248,547
238,979
2,063,862
1,623,689

Support Costs

Salaries
Outsourced Finance & Accounting
Premises
Audit Fee
Professional Fees
Other Support Costs		 Governance
Function
General
Support
Total
2022
Total
2021
£
£
£
£
11,703
120,388
132,091
118,047
4,800
54,091
58,891
61,347
-
-
-
29,780
5,457
-
5,457
4,920
7,854
14,007
21,861
6,680
-
20,679
20,679
24,829
29,814
209,165
238,979
245,603

Support costs relate to the central core staff team and running costs of the Charity and are allocated on a basis consistent with the use of resources.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 29

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

  1. GRANT FUNDING OF ACTIVITIES
HOSTING
Ariadne
Asociacion Civil Datos, Acceso a la Informacion y Transparencia
(DATA)
Associação Centro Popular Audiovisual (CPA)
European Digital Rights (EDRi)
Open Environmental Data, Inc
Funders' Initiative for Civil Society
Human Security Collective
Institute of Development Studies
IntelWatch
International Center for Not-for-Profit Law
Libertarian Research & Education Trust
London School of Economics
Saferworld USA
Sheila McKechnie Foundation
Migration Exchange
The RAMP Project
Clore Social Leadership
Subtotal
INCUBATION
Narratives Network Initiative
Alliance internationale francophone pour l’égalité et les diversités
(Égides)
Demokrasi, Barış ve Alternatif Politikalar Araştırma Derneği
(DEMOS)
Fundación Abogados y abogadas del Noroeste argentino en
derechos humanos y estudios sociales (ANDHES)
Fundacion Mutante
HuMENA for Human Rights and Civic Engagement
Marialab
Udruženje za kulturu, afirmaciju i savjetovanje (KAS)
Whose Knowledge
The Five Foundation
Subtotal
General Grantmaking
Fund for Global Human Rights
Larger Us/Collective Psychology Project		 2023
£
6,366
7,957
8,372
17,690
40,385
61,791
80,809
164,252
79,623
49,147
36,829
84,820
19,078
575,809
15,000
-
15,000
631,194
23,869
24,000
23,631
23,869
23,869
23,869
6,815
23,869
173,791
-
173,791
106,215
-
106,215		 2022
£
-
-
-
-
-
-
-
-
-
-
-
59,655
10,000
69,655
-
175,000
175,000
244,655
-
-
-
-
-
-
-
-
-
1,492
1,492
-
2,400
2,400

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 30

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

4 GRANT FUNDING OF ACTIVITIES (continued)

4 GRANT FUNDING OF ACTIVITIES (continued)
Special Initiatives
Institute for Integrated Transitions
Minority Rights Group International
Grand total		 2023
£
32,000
4,106
36,106
947,306		 2022
£
-
-
-
248,547

Grants have been made in line with charitable objects as outlined in the Annual Report.

General Grant-making represents grant funding for specific organisations as set out above. Global Dialogue is responsible for making the grants and monitoring the work carried out by the organisations to ensure they comply with the terms of the grant.

5.
FIXED ASSETS
GROUP AND CHARITY
Cost
As at 1stMay 2022
Additions
Disposals
Transfers
At 30thApril 2023
Depreciation
At 1stMay 2022
Charge during the Year
Disposals
Transfers
At 30thApril 2023
Net Book Value as at 30thApril 2023
Net Book Value as at 30thApril 2022		 Office
Equipment
£
19,679
8,805
(982)
(942)
26,560
8,277
9,560
(654)
(314)
16,869
£9,691
£11,402		 Total
£
19,679
8,805
(982)
(942)
26,560
8,277
9,560
(654)
(314)
16,869
£9,691
£11,402

Disposals represent the decommissioning of old computer equipment.

Transfers represent the transfer of computer equipment of a Global Dialogue Special Initiative to the new host, Minority Rights Group International.

6. FIXED ASSET INVESTMENTS 2023 2022
£ £
CHARITY
Unlisted investments £1 £1

The charity holds one share of £1 in its wholly owned subsidiary company Global Dialogue Ventures Limited, incorporated in England and Wales on 17[th] January 2018 under company number 11154333. The activities and results of the company are summarised in Note 18.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 31

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

7. DEBTORS

DEBTORS
Grants Receivable
Other Debtors
Prepayments
Intercompany debtor
Other		 GROUP
2023
2022
£
£
1,303,958
423,738
30,236
35,970
96,903
12,587
-
-
1,769
3,027
£1,432,866
£475,322		 CHARITY
2023
2022
£
£
1,303,958
423,738
24,152
26,570
96,903
12,587
70,317
33,423
1,769
3,027
£1,497,099
£499,345
£499,345

8. CREDITORS

Grants Payable
Trade Creditors
Deferred Income
Sundry creditors and accruals
DEFERRED INCOME
Brought Forward
Amount Released in the Year
Further Deferrals in the Year
Carried Forward		 GROUP
2023
£
2022
£
309,920
134,654
96,610
124,619
48,630
341,258
46,264
18,231
£501,424
£618,762
GROUP
2023
£
2022
£
341,258
22,978
(341,258)
(22,263)
48,630
340,543
£48,630
£341,258		 CHARITY
2023
£
2022
£
309,920
134,654
91,708
92,633
48,630
341,258
45,364
17,589
£495,622
£586,134
CHARITY
2023
£
2022
£
341,258
22,143
(341,258)
(21,428)
48,630
340,543
£48,630
£341,258

9. DEFERRED INCOME

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 32

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

10. MOVEMENTS IN FUNDS
GROUP 1st May 30th April 30th April
2021 Income Expenditure Transfers 2022 Income Expenditure Transfers 2023
Restricted Funds
Hosting
Ariadne 321,475 718,477 (451,778) 9,001 597,175 685,909 (710,899) 13,643 585,828
Funders’ Initiative for Civil 586,136 1,148,057 (508,354) 114,052 1,339,891 1,201,979 (1,041,743) 18,924 1,519,051
Society
International Education 257,774 418,176 (274,990) - 400,960 470,421 (467,345) - 404,036
Funders Group
Issues Affecting Women UK - - - - - 1,125,509 (448) - 1,125,061
Migration Exchange 320,229 270,750 (285,995) - 304,984 230,750 (202,406) - 333,328
Philanthropy for Social 188,096 114,253 (44,219) - 258,130 - (68,244) - 189,886
Justice and Peace
1,673,710 2,669,713 (1,565,336) 123,053 2,901,140 3,714,568 (2,491,085) 32,567 4,157,190
Incubation
Five Foundation 39,779 - (39,779) - - - - - -
Narratives Network Initiative - 839,952 (288,745) - 551,207 697,623 (885,665) - 363,165
39,779 839,952 (328,524) - 551,207 697,623 (885,665) - 363,165
General Grant-making 2,554 - (2,554) - - 112,995 (112,995) - -
Special Initiatives - 172,737 (133,535) - 39,202 115,838 (146,918) - 8,122
1,716,043 3,682,402 (2,029,949) 123,053 3,491,549 4,641,024 (3,636,663) 32,567 4,528,477
Unrestricted Funds
General Funds 4,955 205,012 (33,913) (123,053) 53,001 167,486 (60,244) (32,567) 127,676
TOTAL FUNDS 1,720,998 3,887,414 (2,063,862) - 3,544,550 4,808,510 (3,696,907) - 4,656,153

Income is the amount receivable as income for each fund during the year including gains and losses on foreign exchange.

A description of all Restricted Funds is provided in the Annual Report.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 33

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

10. MOVEMENTS IN FUNDS
CHARITY 1st May 30th April 30th April
2021 Income Expenditure Transfers 2022 Income Expenditure Transfers 2023
Restricted Funds
Hosting
Ariadne 321,475 718,477 (451,778) 9,001 597,175 685,909 (710,899) 13,643 585,828
Funders’ Initiative for Civil 586,136 1,148,057 (508,354) 114,052 1,339,891 1,201,979 (1,041,743) 18,294 1,519,051
Society
International Education 257,774 418,176 (274,990) - 400,960 470,421 (467,345) - 404,036
Funders Group
Issues Affecting Women UK - - - - - 1,125,509 (448) - 1,125,061
Migration Exchange 320,229 270,750 (285,995) - 304,984 230,750 (202,406) - 333,328
Philanthropy for Social 188,096 114,253 (44,219) - 258,130 - (68,244) - 189,886
Justice and Peace
1,673,710 2,669,713 (1,565,336) 123,053 2,901,140 3,714,568 (2,491,085) 32,567 4,157,190
Incubation
Five Foundation 39,779 - (39,779) - - - - - -
Narratives Network Initiative - 839,952 (288,745) - 551,207 697,623 (885,665) - 363,165
39,779 839,952 (328,524) - 551,207 697,623 (885,665) - 363,165
General Grant-making 2,554 - (2,554) - - 112,995 (112,995) - -
Special Initiatives - 172,737 (133,535) - 39,202 115,838 (146,918) - 8,122
1,716,043 3,682,402 (2,029,949) 123,053 3,491,549 4,641,024 (3,636,663) 32,567 4,528,477
Unrestricted Funds
General Funds 4,955 171,641 (542) (123,053) 53,001 110,971 (3,729) (32,567) 127,676
TOTAL FUNDS 1,720,998 3,854,043 (2,030,491) - 3,544,550 4,751,995 (3,640,392) - 4,656,153

Income is the amount receivable as income for each fund during the year including gains and losses on foreign exchange.

A description of all Restricted Funds is provided in the Annual Report.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 34

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

11.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
GROUP
Restricted
Funds
£
Fixed Assets
-
Current Assets
5,016,151
Current Liabilities
(487,674)
Total
4,528,477
£
Fixed Assets
-
Current Assets
4,101,059
Current Liabilities
(609,510)
Total
3,491,549
CHARITY
Restricted
Funds
£
Fixed Assets
-
Current Assets
5,016,688
Current Liabilities
(488,211)
Total
4,528,477
£
Fixed Assets
-
Current Assets
4,075,994
Current Liabilities
(584,445)
Total
3,491,549		 Unrestricted
Funds
£
9,691
131,735
(13,750)
127,676
£
11,402
50,851
(9,252)
53,001
Unrestricted
Funds
£
9,692
125,395
(7,411)
127,676
£
11,403
43,287
(1,689)
53,001		 Total
2023
£
9,691
5,147,886
(501,424)
4,656,153
2022
£
11,402
4,151,910
(618,762)
3,544,550
Total
2023
£
9,692
5,142,083
(495,622)
4,656,153
2022
£
11,403
4,119,281
(586,134)
3,544,550

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 35

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

12. STAFF COSTS AND NUMBERS

Salaries
Tax and Social Security
Pension
Redundancy		 2023
£
753,117
82,246
29,194
-
£864,557		 2022
£
639,581
64,113
24,621
5,833
£734,148

The average number of full-time equivalent employees during the year was 13 (2021/22: 11).

The number of staff whose emoluments were in excess of £60,000
during the year were as follows:
£60,001 - £70,000 1 3
£70,001 - £80,000 2 1
£80,001 - £90,000 1 1
£90,001 - £100,000 1 1

Global Dialogue uses an Employer of Record to employ international staff on its behalf. In 2022-23, 6 staff were employed in 4 countries (Denmark, Belgium, Germany and Kenya) and total costs for the year were £390,537 (in 2021-22, 4 staff employed in 3 countries (Denmark, Belgium and Kenya at a cost of £81,168).

13. PENSIONS

The Group operates an auto-enrolment pension scheme with The Peoples Pension which commenced in April 2017. All staff are eligible, and the Group pays a 6% employer's contribution in addition to any personal contribution made by the staff themselves.

Pension costs stated in note 12 and charged in the statement of Financial Activities represent the total contributions payable by the Group in the year.

14. TRUSTEES’ REMUNERATION AND EXPENSES

The Group did not pay to its trustees any remuneration during the year (2021/22: £Nil).

The Group paid trustees expenses for fulfilling their duties to the Charity as follows:

2023 2022
£ £
Travel & Subsistence 267 -
Total number of Trustees paid expenses 1 -

15. KEY MANAGEMENT PERSONNEL

The key management personnel of the Group are those staff and consultants having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any director of the entity. During the year they comprised the Executive Director, Director of Ariadne, Director of FICS, Director of MEX, Director of IEFG, Director of NNI and Director of SPI. The total compensation of key management personnel amounted to £533,558 (2021/22: £539,456).

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 36

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

16. RELATED PARTY TRANSACTIONS

Trustees and senior staff/consultants serve as board members or staff of five related organisations from whom Global Dialogue receives grant income or in-kind contributions.

Trustee or senior
staff/consultant		 Organisation Nature of relationship
to Global Dialogue
Rob Abercrombie Sheila McKechnie Foundation Deputy Chief Executive
Debbie Pippard Head of Programmes,
Barrow Cadbury Trust		 Funder
Walter Veirs Senior Program Officer, Central
and Eastern Europe, Charles
StewartMottFoundation		 Funder

Other than the above, there were no related party transactions during the year.

17. FINANCIAL PERFORMANCE OF THE CHARITY

The Consolidated Statement of Financial Activities includes the results of the charity and its wholly owned subsidiary Global Dialogue Ventures Limited, which conducts trading activities on behalf of the charity.

The summary financial performance of the charity alone is;

2023 2022
£ £
Incoming resources 4,683,850 3,744,640
Gift Aid donation from subsidiary company 32,458 4,886
4,716,278 3,752,689
Charitable activities (3,640,392) (2,030,491)
Exchange rate gains/(losses) 35,717 101,354
Net incoming resources 1,111,603 1,823,552
Total funds brought forward 3,544,550 1,720,998
Total funds carried forward 4,656,153 3,544,550
Represented by:
Unrestricted funds 127,676 53,001
Restricted funds 4,528,477 3,491,549
4,656,153 3,544,550

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 37

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

18. FINANCIAL PERFORMANCE OF THE TRADING SUBSIDIARY

The Consolidated Statement of Financial Activities includes the results of the charity and its wholly owned subsidiary Global Dialogue Ventures Limited, which conducts trading activities on behalf of the charity. 100% of the company's profits will be paid over to the charity under gift aid, within 9 months of the year ended 30 April 2023.

The summary financial performance of the subsidiary alone is;

Turnover
Cost of sales & administrative expenses
Exchange rate gains/(losses)
Profit for the period
Retained earning brought forward
Gift aid donation to parent charity
Retained profit
The assets and liabilities of the subsidiary were:
Current assets
Current liabilities
Net assets
Aggregate share capital and reserves		 2023
£
88,752
(56,515)
191
32,428
-
(32,428)
-
76,120
(76,119)
1
1		 2022
£
41,420
(33,371)
-
8,049
-
(8,049)
-
66,052
(66,051)
1
1

19. CORPORATION TAX

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

20. GOING CONCERN

The trustees are pleased to report that Global Dialogue remains a going concern. The Charity has looked 12 months into the future and believes it will be able to cover its operational costs for that period from a combination of confirmed grants and existing funds. The Charity expects to cover any running costs which are not yet covered by confirmed grants at the date of approval of these accounts through savings or additional grants, which the Charity has a reasonable level of confidence in achieving based on the stage of various grant applications and previous success rates. The Trustees review the going concern position at every Board meeting to ensure that this is kept under review and that any necessary steps to manage the financial position are taken.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 38

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

Charity Number: 1122052 Company Number: 05775827

Global Dialogue Annual Report and Financial Statements For the year ended 30 April 2023

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

Reference and Administrative Details of Global Dialogue, its Trustees and Advisers

Charity Number 1122052
Company Number 05775827
Registered Office First Floor, 10 Queen Street Place, London EC4R 1BE
Trustees Robert Abercrombie (Chair)
Sarah McNeer Brooks
Daria Cybulska
Ali Khan
Gabriel Ng
Jenny Oppenheimer
Debbie Pippard (Vice Chair) (resigned 22ndDecember 2023)
Walter Veirs
Muna Wehbe
Executive Director Esther Hughes
Bankers HSBC Bank, 8 Canada Square, London E14 5HQ
Accountants Accounting Solutions for Charities
23 Cadogan Gardens London N3 2HN
Auditor Knox Cropper LLP, 65 Leadenhall Street, London EC3A 2AD

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 1

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

Introduction

The trustees present their annual report and financial statements of the charity for the year ended 30 April 2023.

These financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the charity’s Memorandum and Articles of Association, the Companies Act 2006, and the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ (SORP) (FRS 102 second edition effective January 2019). This report has been prepared taking advantage of the small companies’ exemption of section 415A of the Companies Act 2006.

Structure, Governance and Management of Global Dialogue

Global Dialogue is a charitable company limited by guarantee, incorporated on 10 April 2006 and registered as a charity on 19 December 2007. The company is governed by its Memorandum and Articles of Association.

The directors of the charitable company are its trustees for the purpose of charity law and the members of the company limited by guarantee. Throughout this report they are referred to as the trustees. The trustees who served during the year ended 30 April 2023 are listed on page 1. No trustees had any beneficial interest in the charity, and no remuneration of directors is paid by the charity.

New trustees are appointed by the existing board and receive an induction process which includes access to founding, financial and planning documents, Charity Commission approved literature, and meetings with senior staff.

Day to day management of the charity’s activities is the responsibility of Esther Hughes, Executive Director. Pay and remuneration of key management personnel is set by the Board with reference to relevant comparative data. In the year 2022-23 the Board conducted a Rewards and Remuneration Review and the resulting Pay Policy now guides all remuneration decisions.

Global Dialogue’s Objectives and Activities

Global Dialogue is an independent, international platform for philanthropic partnership, offering hosting, regranting, incubation and special initiatives capacity, enabling funders to work together to advance human rights and social change.

Our charitable objects are to advance for the public benefit in the United Kingdom or elsewhere such purposes as are recognised as exclusively charitable under the law of England and Wales and in particular (but without prejudice to the generality of those objects):

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 2

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

legislation; obtaining redress for victims of human rights abuse; promoting public support for human rights.

Global Dialogue carries out a range of activities in furtherance of these charitable objects, which we group into four offer areas: hosting, incubating, grantmaking and special initiatives. This report presents income and expenditure under these four areas. Having considered the Charity Commission’s general guidance on public benefit, the trustees are confident that these activities provide benefit to the public both in the UK and abroad.

In the year 2022-23 these included five hosted programmes:

Global Dialogue continues to carry out general grantmaking , enabling funders to make grants supporting human rights and social change worldwide, and to offer a special initiatives programme to assist funders in scoping, testing, and developing new approaches or partnerships.

Grantmaking

Some of the programmes hosted at Global Dialogue involve grantmaking using funds of one or more contributing funders, whilst others are more focussed on collaboration and joint working with funder members making their own funding decisions. Each grantmaking programme has a separate grantmaking policy which is determined by the programme goals.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 3

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

Grants made by Global Dialogue in relation to Migration Exchange and the Funders Initiative for Civil Society are made in pursuit of that programme’s strategic goals, as identified by the Programme Director and by the programme management committee or advisory board, who together identify the outcomes they wish to achieve and then seek organisations who are equipped to deliver them; these programmes do not usually consider unsolicited approaches for funding. In all cases final grant recommendations are presented to the trustee board for approval.

In 2022-3 we began to take over the management of Oak Foundation’s Issues Affecting Women UK portfolio, in partnership with Project Tallawah, working on domestic and psychological violence, trafficking and exploitation, and supporting movements and collaborations in the not-for-profit women’s sector.

Our general grantmaking is not open to general applications, as grants are made from donated funds in accordance with the terms and objectives of that donation. The trustees consider whether any terms applied are consistent with our charitable objects before accepting the donation, and the trustees directly approve any onward grant using donated funds.

Unsolicited applications to all programmes are reviewed by Global Dialogue staff who respond accordingly.

Risk

The trustees confirm that the major risks to which the charity is exposed have been identified and are reviewed by the trustees on a bi-monthly basis, and that systems and procedures have been established to manage those risks. The Board will undertake a review of risk appetite in 2023-4.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 4

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

Activities, Achievements and Future Plans

The year 2022-23 was a period of continued growth for Global Dialogue both in our hosted programmes, and as a result of new initiatives, notably the management of Oak Foundation’s Issues Affecting Women UK grant portfolio.

We saw substantial growth in income, expenditure and staff numbers, particularly for the Funder’s Initiative for Civil Society, but also for the International Education Funders Group and Migration Exchange, and the core team also grew to support this work. The Board continues to oversee the work of the organisation through subcommittees and working groups, notably the Operations Advisory Group, which scrutinises operational matters on behalf of the Board, the Grant Ratification Group, which ratifies all grant decisions, and the DEI Working Group which oversees an ongoing review of diversity, equity and inclusion across the organisation.

During 2022-23 the Board oversaw a review of our strategic framework, and agreed a new mission statement, to advance rights, equity and diversity in partnership with philanthropy. We look forward to reporting against this new mission in 2023-24.

Ariadne

Ariadne is a network of European social change and human rights funders who work together to strengthen philanthropy, help funders act strategically, and encourage new donors to enter the field with maximum impact. The network is made up of 701 individual members from 148 member-organisations, based in 20 countries.

Ariadne’s principal accomplishments in 2022-23 include:

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 5

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

resource section below, provided a basis for conversations with practitioners in the field. Through online and in-person gatherings, presentations to funders, and funder networks, the Coalition promoted the work and helped create space for coordinated discussion and action at this intersection.

Through all of this, Ariadne continues to build relationships with national associations of foundations across Europe, in the hope that joint efforts will attract more funders to the human rights field.

In 2023-24 we will continue to take the opportunity to focus funders on key themes such as racial and gender injustice, shrinking democratic spaces, and the intersection of digital rights and climate justice.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 6

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

Funders Initiative for Civil Society (FICS)

Our vision at the Funders Initiative for Civil Society (FICS) is a world where the people, communities, and movements who advance democracy, human rights, social and economic justice, and environmental protection are equipped with the resources they need to defend and expand civic space. Building on our unique research and analysis, we use convening, incubation, and experimentation to shift funder strategy and practice on the drivers of closing civic space:

We work to galvanise and influence a broad cross-section of funders to direct resources to disrupt and reform these drivers and transform civic space now and into the future. This year, FICS has developed new research and analysis alongside continuing to build its convening and grant-making capability through major initiatives Civic Futures and the Global Narrative Hive (formerly the Narratives Network Initiative).

In mid-2022, FICS was commissioned by the David and Lucile Packard Foundation to conduct a mapping exploring how donors approach funding the core enabling conditions for civil society actors to advance positive change. This research shaped the Foundation’s review of its organisational effectiveness programming, which has subsequently been extended to encompass a focus on supporting the wider civic space in which their grantees operate. This is a significant and welcome new addition to the civic space funding landscape .

In early 2023 FICS recruited a Senior Research and Learning Officer who will lead on refreshing FICS’ analysis and support funder learning, as well as providing much needed capacity to take on further research and consultancy projects as they arise.

Civic Futures

Around the world a growing number of governments are criminalising, monitoring, censoring and smearing activists and movements on the grounds of protecting national security. This phenomenon - which we’ve termed the “Security Playbook” is set to become more widespread as a growing number of individuals, movements and organisations call upon governments and corporations to take urgent and effective action to tackle the climate crisis, inequality and rising authoritarianism.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 7

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

Civic Futures is FICS’ flagship initiative to equip funders with analysis on how states use the Security Playbook and know-how on how to channel resources to civil society efforts in ways there are strategic, effective, aligned and that respect civil society knowledge and leadership. This year, key activities included:

Global Narrative Hive (formerly the Narrative Network Initiative)

The Global Narrative Hive is a new network working to connect and grow the global ecosystem of activists and campaigners, communications workers, researchers, artists, journalists and others who are using narratives to advance their visions of a more just world.

FICS' research shows that anti-rights narratives will be a key driver of closing civic space this decade. Over the past two years FICS has been facilitating a co-design process engaging more than 400 individuals from around the world in consultation, design workshops, and experiments to develop the vision and infrastructure for this new platform.

Stewarded by the Connective, the Hive’s civil society steering group, in March 2023 this process resulted in a new name and a clear and compelling strategy for the Global Narrative Hive. The resulting network will organise its work under four interconnected strategies: connecting members of the narratives ecosystem; supporting collaboration; engaging in deep listening and learning; and, advocating for the distribution of resources (of all types – knowledge, relationships, time, and money) to where they are needed within this ecosystem. A core priority is to broaden out the community working on narrative change and facilitate learning and experimentation related to this kind of work among grassroots actors and in countries where practice is less widespread.

The role of the network in these lines of activities will vary – sometimes the Global Narrative Hive will lead and sometimes it will focus on holding space for or supporting existing actors or collaborations. In September 2022, two new Community Managers joined the team – key roles in moving the network from vision to reality. We look forward to the formal launch of the network in early 2023/24; initial activities include sharing learning from the co-design process with the network’s growing community, curating a series of spaces to facilitate new connections between different parts of the ecosystem, and working with partners to develop

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 8

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

regional learning cohorts. The Global Narrative Hive’s new micro-site (narrativehive.org) will share a growing number of stories from members around the world.

FICS will continue to support the Hive as part of its commitment to resourcing rights-based movements in their work to defend their civic space and develop alternative visions of the future.

Migration Exchange (MEX)

Migration Exchange (MEX) is a UK-based charitable programme. Our vision is a country where people experience a migration system grounded in dignity, equity and fairness. Our mission is to cultivate insight, connection and action across the UK migration and refugee field, working together with civil society to achieve positive change. We focus particularly on independent funders and charities to achieve this mission. Key activities in 22-23 included:

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 9

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

Our new five-year strategic framework to 2028 sets out plans to increase breadth, depth and interconnection in the migration field with the twin goals of building firstly an equitable, power-aware and intersectional funding landscape, better able to resource systems change, and secondly a connected and action-focused refugee and migration sector, better able to drive systems change. Our detailed plans are co-designed with the migration and refugee field and include our 2023-4 delivery objectives which are to:

We will focus on the following development objectives for 2023-4 to ensure MEX is relevant, authentic and has the infrastructure to achieve our goals:

International Education Funders Group (IEFG)

The International Education Funders Group (IEFG) is the largest global network of philanthropic actors funding education. Our members are passionately engaged in local, national and international grant-making within diverse organisations, with differing priorities and individual strategies but a shared belief in the power of education. The members of the IEFG believe that philanthropy must do more and better to achieve the fourth Sustainable Development Goal. They thoughtfully employ philanthropy to foster change. They prioritise local voices, equitable access, and innovation, working collaboratively to transform education and empower communities for a sustainable, inclusive future that respects diverse perspectives and contexts.

As the world reopens its doors to in-person gatherings, the International Education Funders Group (IEFG) reflects on a year filled with reconnection and transformation from May 2022 to April 2023Our return to face-to-face interactions was marked by memorable events, including the IEFG Together convening in Tanzania, a high-level event at the Transforming Education Summit, and the anticipation of yet another IEFG Together event in Edinburgh. These in-person gatherings, which form the core of IEFG's offerings, not only foster the

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 10

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

exchange of knowledge but also strengthen relationships and facilitate new connections crucial to our daily work.

This year was a period of experimentation, evolution, and expansion as we approached the conclusion of our 2019-2023 strategy. Listening to our members and drawing upon their feedback, we undertook a comprehensive review of our membership criteria, financial and governance model, vision, objectives, and membership offerings. The outcome is invigorating: education philanthropy is bold and ambitious. With more inclusive membership criteria and an expanded set of activities aligned with clear objectives, IEFG is poised to amplify philanthropy's impact on global education outcomes.

Our engagement with members reached new heights. Six new members joined our community, while 25 actively participated in our virtual series on crises. Our IEFG Together event in Tanzania saw 30+ member organisations engaging in thought-provoking discussions with 25 grantee partners based in Tanzania. Furthermore, 15 members joined our new Global South Forum, a dynamic platform fostering dialogue on elevating the voices of global south actors in education grantmaking. The Transforming Education Summit witnessed nearly 60 members signing a joint statement by philanthropic actors in support of education, with 65 attending the high-level event in New York.

Our commitment to communication bore fruit as our subscribers grew, with the public Update list surpassing the member Update for the first time, expanding our reach and profile.

In the coming year, we eagerly anticipate the launch of our new strategy and encourage you to share your ideas and opportunities with us. We will introduce a novel in-person event format—a transformative visit to Sobral, offering firsthand insight into remarkable improvements in student literacy rankings. We will also initiate activities supporting the creation of coalitions toward shared goals among peer clusters.

Philanthropy for Social Justice and Peace (PSJP)

Philanthropy for Social Justice and Peace is a hub to support the development and adoption of ideas about what makes a good society, and to connect and strengthen different spaces and agents that advance these ideas. Key activities for the year 2022-23 included:

We have identified three critical dimensions of local peacebuilding work that are now being explored more deeply through the dialogues. These are: 1) the work around bridging, reconciliation and building connections across communities in conflict; 2) organising strategies to achieve systemic changes in the underlying power structures i.e., economic, cultural, social and political and thereby addressing the root causes of conflict; 3) the centrality, legitimacy and wisdom of local voices in peacebuilding processes. The purpose of this process is two-fold. Firstly, for local peacebuilders in the dialogue group to learn from different people and their contexts around the world to

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 11

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

increase the impact of the work. Secondly, to amplify the narratives - voices, stories and issues of local peacebuilders, people and communities and build our individual and collective power and influence to engage with professional peacebuilders and institutional philanthropy.

This work is complimented by our support to the Foundations for Peace Network’s ‘let’s build peace, here & now’ series which is a space for telling the stories of those who have been closest to the ground. This year we organised a conversation that explored how we can address trauma, making space for and facilitating individual, communal and intergenerational healing in peacebuilding work.

In November 2022, the Management Team committed to sunsetting the work programme and operations of PSJP. We identified the following goals that we needed to pursue over the course on the next 18 months: complete the work; share the learning for 15 years of PSJP’s work; embed the work; help to develop the narratives of a good society; sustain the relationships/ community/ connections; and close the operations of PSJP. We have developed a detailed work plan that will serve these goals over the next year.

General Grantmaking

Global Dialogue’s general grantmaking enables funders and philanthropists to make grants for human rights and social change worldwide. In 2022-23 this included continuing support

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 12

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

to Larger Us (formerly the Collective Psychology Project), as well as a new grant to the Fund for Global Human Rights.

Special Initiatives

Our Special Initiatives programme enables us to work with funders to research and develop new philanthropic initiatives. In 2022-23 this included creating infrastructure and capacity needed for initiatives related to rule of law issues in South Asia, and the development of a programme of technical support for Afghan civil society in exile.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 13

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

Financial Review of Global Dialogue

During the financial year 2022-23 Global Dialogue received income of £4,772,602 (20212022: £3,786,060) and made payments of £3,696,907 (2021-2022: £2,063,862) in relation to its charitable activities and governance. This resulted in net income before exchange rate gains/(losses) of £1,075,695 for the year, which together with exchange rate gains of £35,908 (2021-22 gains £101,354) increased total reserves from £3,544,550 to £4,656,153. The funds held by Global Dialogue include restricted funds, which have been segregated by programme (reflecting the way in which funds are separately managed and controlled) and unrestricted funds available for discretionary use.

Global Dialogue’s trustees have set a target level for unrestricted reserves of between 3 and 8 months of core expenditure. This is to allow Global Dialogue a reserve of 3-6 months to continue some level of operation in the event of a sudden deterioration in its finances, as well as give an appropriate degree of flexibility to explore opportunities and enable capacity investment. Reserves are shown in the Balance Sheet as unrestricted funds and the total amount held at 30th April 2023 (excluding Fixed Assets) was £117,985 which equate to about three months of planned forward core expenditure. Trustees are happy to report that current unrestricted reserves are within the target range..

Our principal funding sources during 2022-23 were charitable trusts and foundations who share our commitment to promoting human rights and supporting social change, and our expenditure in pursuit of this commitment included our grantmaking, and our support for Ariadne, the Funders’ Initiative for Civil Society, the International Education Funders Group, Migration Exchange and Philanthropy for Social Justice and Peace.

We’re grateful to our funders and partners for their support during 2022-23, a time of continuing challenge and change.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 14

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees (who are also the directors of Global Dialogue for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 23[rd] November 2023 and signed on its behalf by:

ROB ABERCROMBIE

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 15

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GLOBAL DIALOGUE

Opinion

We have audited the financial statements of Global Dialogue (the ‘parent charity’) and its’ subsidiary (together ‘the group’) for the year ended 30[th] April 2023 which comprise the Consolidated Statement of Financial Activities, the Consolidated and Parent Charity Balance Sheets, Consolidated Statement of Cash flows and notes to the financial statements, including a summary of 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 Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ 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 doubt on the group’s or parent charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to 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 statements and our auditor’s report thereon. The trustees are responsible for the other information.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 16

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GLOBAL DIALOGUE

is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes 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 internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or parent charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to 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 (UK) 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 to influence the economic decisions of users taken on the basis of these financial statements.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 17

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GLOBAL DIALOGUE

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities . 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 opinion we have formed.

Simon Goodridge (Senior Statutory Auditor) for and on behalf of Knox Cropper LLP 65 Leadenhall Street London EC3A 2AD

26th January 2024

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 18

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30[th] APRIL 2023

Notes
INCOME AND ENDOWMENTS FROM
Grants and Donations
Charitable activities
Investments
TOTAL INCOMING RESOURCES
2
EXPENDITURE ON
Charitable Activities
3
TOTAL RESOURCES EXPENDED
NET INCOME/(EXPENDITURE)
Transfers between Funds
9
Other recognised gains/(losses):
Exchange rate gains/(losses)
NET MOVEMENT IN FUNDS
9
Reconciliation of Funds:
Total Funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
61,194
88,752
17,530
167,476
60,244
60,244
107,232
(32,567)
10
74,675
53,001
127,676		 Restricted
Funds
£
486,210
4,118,916
-
4,605,126
3,636,663
3,636,663
968,463
32,567
35,898
1,036,928
3,491,549
4,528,477		 2023
Total
£
547,404
4,207,668
17,530
4,772,602
3,696,907
3,696,907
1,075,695
-
35,908
1,111,603
3,544,550
4,656,153		 Unrestricted
Funds
£
162,739
41,420
31
204,190
33,913
33,913
170,277
(123,053)
822
48,046
4,955
£53,001		 Restricted
Funds
£
301,862
3,280,008
-
3,581,870
2,029,949
2,029,949
1,551,921
123,053
100,532
1,775,506
1,716,043
£3,491,549		 2022
Total
£
464,601
3,321,428
31
3,786,060
2,063,862
2,063,862
1,722,198
-
101,354
1,823,552
1,720,998
£3,544,550

All activities reported above represent continuing activities.

The notes form part of these financial statements.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 19

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE BALANCE SHEETS AS AT 30[th] APRIL 2023

Notes
FIXED ASSETS
Tangible Assets
5
Investments
6
CURRENT ASSETS
Debtors
7
Cash at Bank and on Deposit
LIABILITIES
Amounts falling due within one year
8
NET CURRENT ASSETS
TOTAL NET ASSETS
FUNDS
Restricted Reserve
10
Unrestricted Funds
10
TOTAL FUNDS		 Group
2023
2022
£
£
9,961
11,402
-
-
9,961
11,402
1,432,866
475,322
3,715,020
3,676,588
5,147,886
4,151,910
(501,424)
(618,762)
4,646,462
3,533,148
£4,656,153
£3,544,550
4,528,477
3,491,549
127,676
53,001
£4,656,153
£3,544,550		 Charity
2023
2022
£
£
9,961
11,402
1
1
9,962
11,403
1,497,099
499,345
3,644,984
3,619,936
5,142,083
4,119,281
(495,622)
(586,134)
4,646,461
3,533,147
£4,656,153
£3,544,550
4,528,477
3,491,549
127,676
53,001
£4,656,153
£3,544,550		 Charity
2023
2022
£
£
9,961
11,402
1
1
9,962
11,403
1,497,099
499,345
3,644,984
3,619,936
5,142,083
4,119,281
(495,622)
(586,134)
4,646,461
3,533,147
£4,656,153
£3,544,550
4,528,477
3,491,549
127,676
53,001
£4,656,153
£3,544,550
11,403
499,345
3,619,936
4,119,281
(586,134)
3,533,147
£3,544,550
3,491,549
53,001
£3,544,550

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard 102.

The notes form part of these financial statements

The financial statements were approved by the Board of Trustees and signed on its behalf by:

______ ROB ABERCROMBIE

DATE: 26 January 2024

COMPANY NUMBER: 05775827

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 20

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE CONSOLIDATED STATEMENT CASH FLOWS FOR THE YEAR ENDED 30[th] APRIL 2023

2023 2022
£ £
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash flows provided by (used in) operating activities 28,751 2,075,161
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends, interest and rents from investments 17,530 31
Transfer of equipment to Minority Rights Group International 628 1,133
Purchase of property, plant and equipment (8,805) (13,441)
Disposal of property, plant and equipment 328 1
Net cash provided by (used in) investing activities 9,681 (12,276)
CASH FLOWS FROM FINANCING ACTIVITIES
Net cash provided by (used in) financing activities - -
NET CHANGE IN CASH AND CASH EQUIVALENTS 38,432 2,062,885
Cash and cash equivalents at the start of the year £3,676,588 £1,613,703
Cash and cash equivalents at the end of the year £3,715,020 £3,676,588
RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH INFLOW FROM OPERATING
ACTIVITIES
2023 2022
£ £
Net income/(expenditure) for the financial year 1,111,603 1,823,552
Adjustments for:
Depreciation charges 9,560 5,096
Dividends, interest and rents from investments (17,530) (31)
(Increase)/decrease in debtors (957,544) (235,694)
Increase/(decrease) in creditors (117,338) 482,238
Net cash provided by (used in) operating activities £28,751 £2,075,161

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 21

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

1. PRINCIPAL ACCOUNTING POLICIES

(a) Basis of Preparing Financial Statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102 second edition) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in Sterling which is the functional currency of the Group.

The Consolidated Statement of Financial Activities and Balance Sheet consolidate the financial statements of the of the charity and its trading subsidiary on a line by line basis.

After making enquiries, the trustees have a reasonable expectation that the charitable group has adequate resources to continue its activities for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the Trustee Board’s Responsibilities in the Annual Report.

(l) Unrestricted Funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity.

(ll) Restricted Funds can only be used for particular restricted purposes as specified by the grant giving body or donor.

All income is included in the statement of financial activities when the charitable group is entitled to the Income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

(l) Voluntary Income is received by way of grants, donation and gifts and is included in full in the Statement of Financial Activities when receivable. Grants receivable are recognised when the Charity becomes unconditionally entitled to the grant. Gifts in kind represent assets donated for use by the Charity, predominantly premises, and are recognised when receivable. Gifts in kind are valued at an estimate of the price the charity would otherwise have paid.

(ll) Investment income is included when receivable.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 22

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

1. PRINCIPAL ACCOUNTING POLICIES (Continued)

(f) Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred and included any VAT which cannot fully be recovered.

(l) Expenditure on charitable activities comprises expenditure related to the direct furtherance of the Charity’s objectives as well as support costs. Grants payable are included under charitable expenditure when a contract is signed with the grantee.

(ll) Support costs comprise overheads and governance costs. Governance costs are those incurred in connection with the management of the charity’s assets, organisational administration and compliance with constitutional and statutory requirements.

(g) Tangible Fixed Assets and Depreciation

Tangible fixed assets costing over £500 (including any incidental expenses of acquisition) are capitalised. Depreciation is provided at rates calculated to write off the cost on a straight line basis over their expected useful economic life. The rate of depreciation applied to both Office Equipment and Fixtures & Fittings is 50% for smaller value additions costing less than £5,000 and 20% for additions costing more than £5,000.

(h) Investment Income

Investment Income arises from interest receivable on funds held in interest bearing bank accounts.

(i) Foreign Currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the SOFA.

(j) Financial Instruments

The charity only has basic financial instruments as defined under Section 11 of FRS 102. Basic financial instruments are recognised initially at transaction value and subsequently at settlement value.

(k) Taxation

The company is a registered charity and as such is entitled to exemption from taxation under the Income and Corporation Taxes Act 1988.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 23

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

2. INCOME

Donations and Legacies
Grants
Paul Hamlyn Foundation
Oak Foundation
Open Society Foundations
Donations
Voluntary membership & sponsorship
Other
Sub-total
Charitable Activities
Grants
Oak Foundation
Ford Foundation
Children’s Investment Fund Foundation
Porticus
David and Lucile Packard Foundation
Bill & Melinda Gates Foundation
Anonymous Donors
National Endowment for Democracy
Paul Hamlyn Foundation
The National Lottery Community Fund
C. S. Mott Foundation
EDGE Funders Alliance
AB Charitable Trust
Sigrid Rausing Trust
Joseph Rowntree Charitable Trust
Mozilla Foundation
Fund for Global Human Rights
Barrow Cadbury Trust
Arcus Foundation
Schwab Charitable Trust
Unbound Philanthropy
Dreilinden
Panorama Global
Comic Relief
The Migration Foundation
American Jewish World Service
Trust for London
Zenex Foundation
Open Society Foundations
Others		 Ariadne
Migration
Exchange
Funders’
Initiative for
Civil Society
Philanthropy
for Social
Justice and
Peace
International
Education
Funders
Group
Narratives
Network
Initiative
Issues
Affecting
Women
UK
Other
Unrestricted
Funds
Total
2023
Total
2022
£
£
£
£
£
£
£
£
£
£
£
-
-
-
-
-
-
-
-
38,500
38,500
35,000
-
-
-
-
-
-
-
-
22,694
22,694
-
-
-
-
-
-
-
-
-
-
-
127,739
-
-
-
-
-
-
-
-
61,194
61,194
162,739
162,161
-
-
-
306,228
-
-
-
-
468,389
301,464
17,821
-
-
-
-
-
-
-
-
17,821
398
179,982
-
-
-
306,228
-
-
-
-
486,210
301,862
179,982
-
-
-
306,228
-
-
-
61,194
547,404
464,601
77,500
40,000
-
-
-
-
1,125,509
-
-
1,243,009
640,530
171,917
-
563,301
-
-
210,854
-
-
-
946,072
721,662
-
-
-
-
-
507,176
-
-
-
507,176
286,930
-
-
105,897
-
28,736
-
-
-
-
134,633
77,897
-
-
121,942
-
-
-
-
-
-
121,942
-
-
-
-
-
117,994
-
-
-
-
117,994
7,383
-
-
111,822
-
5,949
-
-
-
-
117,771
292,907
-
-
81,249
-
-
-
-
-
-
81,249
56,267
-
77,000
-
-
-
-
-
-
-
77,000
70,000
76,892
-
-
-
-
-
-
-
-
76,892
76,891
3,978
-
63,386
-
-
-
-
-
-
67,364
170,680
59,984
-
-
-
-
-
-
-
-
59,984
-
-
55,000
-
-
-
-
-
-
-
55,000
50,000
45,000
-
-
-
-
-
-
-
-
45,000
45,000
5,000
-
36,000
-
-
-
-
-
-
41,000
41,250
40,421
-
-
-
-
-
-
-
-
40,421
-
-
-
40,179
-
-
-
-
-
-
40,179
-
-
30,000
-
-
-
-
-
-
-
30,000
32,000
-
-
20,083
-
-
-
-
-
-
20,083
18,969
-
-
-
-
12,636
-
-
-
-
12,636
8,961
-
12,500
-
-
-
-
-
-
-
12,500
45,000
12,387
-
-
-
-
-
-
-
-
12,387
11,826
8,068
-
-
-
-
-
-
-
-
8,068
-
-
7,500
-
-
-
-
-
-
-
7,500
15,000
-
5,000
-
-
-
-
-
-
-
5,000
-
4,073
-
-
-
-
-
-
-
-
4,073
3,727
-
3,750
-
-
-
-
-
-
-
3,750
7,500
-
-
-
-
1,810
-
-
-
-
1,810
30,458
-
-
-
-
-
-
-
-
-
373,849
(72)
-
-
-
-
-
-
-
(72)
22,584
505,148
230,750
1,143,859
-
167,125
718,030
1,125,509
-
-
3,890,421
3,107,271

Global Dialogue

Annual Report and Financial Statements for the year ended 30 April 2023 Page 24

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

2. INCOME (continued)

General Grantmaking
Porticus
Special Initiatives
Open Society Foundations
Other
Conference fees
Supply of services under contract
Sub-total
Investments
Interest Receivable
Total Income		 Ariadne
Migration
Exchange
Funders’
Initiative for
Civil Society
£
£
£
-
-
-		 Philanthropy
for Social
Justice and
Peace
£
-		 International
Education
Funders
Group
£
-		 Narratives
Network
Initiative
£
-		 Issues
Affecting
Women
UK
£
-		 Other
Unrestricted
Funds
Total
2023
Total
2022
£
£
£
£
112,657
-
112,657
-
-
-
-
-
-
-		 -
-		 -
-		 -
-		 -
-		 112,657
-
112,657
-
115,838
-
115,838
172,737
-
-
-
-
-
-		 -
-		 -
-		 -
-		 -
-		 115,838
-
115,838
172,737
-
52,071
52,071
39,420
-
36,681
36,681
2,000
-
-
-		 - - - - -
88,752
88,752
41,420
505,148
230,750
1,143,859		 - 167,125 718,030 1,125,509 228,495
88,752
4,207,668
3,321,428
-
-
-		 - - - - -
17,530
17,530
31
685,130
230,750
1,143,859		 - 473,353 718,030 1,125,509 228,495
167,476
4,772,602
3,786,060

Of the Charity’s total turnover, 79% (2021/22: 76%) was attributable to geographical markets outside the UK.

Following a review of Global Dialogue’s income for the year ended 30 April 2023, it was agreed that grants related to performance and specific deliverables should be reported within income from Charitable Activities rather than within Donations and Legacies, as they had been previously. The effect of this change for the year ended 30 April 2022 is shown in the updated comparative note below.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 25

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

2. INCOME (continued)

Prior year detail

Donations and Legacies
Grants
Open Society Foundations
Paul Hamlyn Foundation
Donations
Voluntary membership & sponsorship
Other
Sub-total
Charitable Activities
Grants
Ford Foundation
Oak Foundation
Open Society Foundations
Anonymous Donors
Children’s Investment Fund Foundation
C. S. Mott Foundation
Paul Hamlyn Foundation
Porticus
The National Lottery Community Fund
National Endowment for Democracy
AB Charitable Trust
Sigrid Rausing Trust
Unbound Philanthropy
Joseph Rowntree Charitable Trust
Barrow Cadbury Trust
Zenex Foundation
Arcus Foundation
Firelight Foundation
Comic Relief
Dreilinden
Schwab Charitable Trust
Trust for London
Bill & Melinda Gates Foundation
Rockefeller Brothers Fund
American Jewish World Service
Tides Foundation
Others		 Ariadne
Migration
Exchange
Funders’
Initiative for
Civil Society
Philanthropy for
Social Justice
and Peace
International
Education
Funders
Group
Narratives
Network
Initiative
Other
Unrestricted
Funds
Total
2022
Total
2021
£
£
£
£
£
£
£
£
£
£
-
-
-
-
-
-
-
127,739
127,739
-
-
-
-
-
-
-
-
35,000
35,000
35,000
-
-
-
-
-
-
-
162,739
162,739
35,000
122,369
-
-
-
179,095
-
-
-
301,464
392,844
-
-
398
-
-
-
-
-
398
10,000
122,369
-
398
-
179,095
-
-
-
301,862
402,844
122,369
-
398
-
179,095
-
-
162,739
464,601
437,844
185,949
-
535,713
-
-
-
-
-
721,662
677,842
77,500
40,000
-
-
-
523,030
-
-
640,530
294,500
108,925
-
182,286
-
82,638
-
-
-
373,849
129,344
74,403
-
97,157
114,253
7,094
-
-
-
292,907
108,553
-
-
-
-
286,930
-
-
286,930
-
3,655
-
167,025
-
-
-
-
-
170,680
80,711
-
70,000
-
-
-
-
-
-
70,000
90,000
-
-
-
-
77,897
-
-
-
77,897
115,879
76,891
-
-
-
-
-
-
-
76,891
-
-
-
56,267
-
-
-
-
-
56,267
-
-
50,000
-
-
-
-
-
-
50,000
20,000
45,000
-
-
-
-
-
-
-
45,000
30,000
-
45,000
-
-
-
-
-
-
45,000
-
-
11,250
30,000
-
-
-
-
-
41,250
79,000
-
32,000
-
-
-
-
-
-
32,000
101,750
-
-
-
-
30,458
-
-
-
30,458
21,502
-
-
18,969
-
-
-
-
-
18,969
17,709
-
-
-
-
15,308
-
-
-
15,308
64,786
-
15,000
-
-
-
-
-
-
15,000
7,500
11,826
-
-
-
-
-
-
-
11,826
-
-
-
-
-
8,961
-
-
-
8,961
9,257
-
7,500
-
-
-
-
-
-
7,500
11,250
-
-
-
-
7,383
-
-
-
7,383
-
3,977
-
-
-
-
-
-
-
3,977
3,618
3,727
-
-
-
-
-
-
-
3,727
3,868
3,536
-
-
-
-
-
-
-
3,536
-
(187)
-
(45)
-
(5)
-
-
-
(237)
133,004
595,202
270,750
1,087,372
114,253
229,734
809,960
-
-
3,107,271
2,000,073

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 26

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

2. INCOME (continued)

Prior year detail

General Grantmaking
The Esmée Fairbairn Foundation
AWO (HNK Data Consulting Limited)
Special Initiatives
Open Society Foundations
Dafne
Other
Conference fees
Supply of services under contract
Other
Sub-total
Investments
Interest Receivable
Total Income		 Ariadne
Migration
Exchange
Funders’
Initiative for
Civil Society
Philanthropy for
Social Justice
and Peace
International
Education
Funders
Group
Narratives
Network
Initiative
Other
Unrestricted
Funds
Total
2022
Total
2021
£
£
£
£
£
£
£
£
£
£
-
-
-
-
-
-
-
-
-
60,000
-
-
-
-
-
-
-
-
-
8,593
-
-
-
-
-
-
-
-
-
68,593
-
-
-
-
-
-
172,737
-
172,737
-
-
-
-
-
-
-
-
-
-
4,349
-
-
-
-
-
-
172,737
-
172,737
4,349
-
-
-
-
-
-
-
39,420
39,420
2,690
-
-
-
-
-
-
-
2,000
2,000
6,761
-
-
-
-
-
-
-
-
-
1,625
-
-
-
-
-
-
-
41,420
41,420
11,076
595,202
270,750
1,087,372
114,253
229,734
809,960
172,737
41,420
3,321,428
2,084,091
-
-
-
-
-
-
-
31
31
355
717,571
270,750
1,087,770
114,253
408,829
809,960
172,737
204,190
3,786,060
2,522,290

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 27

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

3. EXPENDITURE: CHARITABLE ACTIVITIES

Charitable Activities
Hosting
Ariadne
Funders’ Initiative for Civil
Society
International Education Funders
Group
Issues Affecting Women UK
Migration Exchange
Philanthropy for Social Justice
and Peace
Incubation
Five Foundation
Narratives Network Initiative
General Grantmaking
Special Initiatives
Support Costs		 Activities
Undertaken
Directly
Grant
Funding of
Activities
(Note 4)
Support
Costs
Total
2023
Total
2022
£
£
£
£
£
628,829
40,384
81,177
750,390
485,272
402,800
575,808
82,114
1,060,722
508,488
417,272
-
50,584
467,856
275,066
421
-
27
448
-
166,655
15,000
20,973
202,628
286,077
59,343
-
8,974
68,317
44,231		 Activities
Undertaken
Directly
Grant
Funding of
Activities
(Note 4)
Support
Costs
Total
2023
Total
2022
£
£
£
£
£
628,829
40,384
81,177
750,390
485,272
402,800
575,808
82,114
1,060,722
508,488
417,272
-
50,584
467,856
275,066
421
-
27
448
-
166,655
15,000
20,973
202,628
286,077
59,343
-
8,974
68,317
44,231
1,675,320
631,192
243,849
2,550,361
1,599,134
-
-
-
-
39,779
616,979
173,793
95,861
886,633
288,824
616,979
173,793
95,861
886,633
328,603
-
106,215
6,780
112,995
2,554
92,184
36,106
18,628
146,918
133,571
2,384,483
947,306
365,118
3,696,907
2,063,862
Salaries
Outsourced Finance & Accounting
Audit Fee
Professional Fees
Other Support Costs		 Governance
Function
General
Support
Total
2023
Total
2022
£
£
£
£
18,198
213,549
231,747
132,091
4,800
53,693
58,493
58,891
7,050
-
7,050
5,457
21,369
8,311
29,680
21,861
1,031
37,117
38,148
20,679
52,448
312,670
365,118
238,979
Support Costs
Governance General Total Total
Function Support 2023 2022
£ £ £ £
Salaries 18,198 213,549 231,747 132,091
Outsourced Finance & Accounting 4,800 53,693 58,493 58,891
Audit Fee 7,050 - 7,050 5,457
Professional Fees 21,369 8,311 29,680 21,861
Other Support Costs 1,031 37,117 38,148 20,679
52,448 312,670 365,118 238,979

Support costs relate to the central core staff team and running costs of the Charity and are allocated on a basis consistent with the use of resources.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 28

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

3. EXPENDITURE: CHARITABLE ACTIVITIES (continued)

Prior year detail

Charitable Activities
Hosting
Ariadne
Funders’ Initiative for Civil
Society
International Education Funders
Group
Migration Exchange
Philanthropy for Social Justice
and Peace
Restricted Core Costs
Thomas Paine Initiative
Incubation
Five Foundation
Narratives Network Initiative
General Grantmaking
Special Initiatives		 Activities
Undertaken
Directly
Grant
Funding of
Activities
(Note 4)
Support
Costs
Total
2022
Total
2021
£
£
£
£
£
430,533
-
54,739
485,272
423,902
363,828
69,654
75,006
508,488
387,382
245,527
-
29,539
275,066
216,352
89,887
175,000
21,190
286,077
299,944
38,451
-
5,780
44,231
63,755
-
-
-
-
38,250
-
-
-
-
1,197
1,168,226
244,654
186,254
1,599,134
1,430,782
34,185
1,492
4,102
39,779
85,914
257,808
-
31,016
288,824
-
291,993
1,492
35,118
328,603
85,914
-
2,401
153
2,554
66,601
116,117
-
17,454
133,571
40,392
1,576,336
248,547
238,979
2,063,862
1,623,689

Support Costs

Salaries
Outsourced Finance & Accounting
Premises
Audit Fee
Professional Fees
Other Support Costs		 Governance
Function
General
Support
Total
2022
Total
2021
£
£
£
£
11,703
120,388
132,091
118,047
4,800
54,091
58,891
61,347
-
-
-
29,780
5,457
-
5,457
4,920
7,854
14,007
21,861
6,680
-
20,679
20,679
24,829
29,814
209,165
238,979
245,603

Support costs relate to the central core staff team and running costs of the Charity and are allocated on a basis consistent with the use of resources.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 29

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

  1. GRANT FUNDING OF ACTIVITIES
HOSTING
Ariadne
Asociacion Civil Datos, Acceso a la Informacion y Transparencia
(DATA)
Associação Centro Popular Audiovisual (CPA)
European Digital Rights (EDRi)
Open Environmental Data, Inc
Funders' Initiative for Civil Society
Human Security Collective
Institute of Development Studies
IntelWatch
International Center for Not-for-Profit Law
Libertarian Research & Education Trust
London School of Economics
Saferworld USA
Sheila McKechnie Foundation
Migration Exchange
The RAMP Project
Clore Social Leadership
Subtotal
INCUBATION
Narratives Network Initiative
Alliance internationale francophone pour l’égalité et les diversités
(Égides)
Demokrasi, Barış ve Alternatif Politikalar Araştırma Derneği
(DEMOS)
Fundación Abogados y abogadas del Noroeste argentino en
derechos humanos y estudios sociales (ANDHES)
Fundacion Mutante
HuMENA for Human Rights and Civic Engagement
Marialab
Udruženje za kulturu, afirmaciju i savjetovanje (KAS)
Whose Knowledge
The Five Foundation
Subtotal
General Grantmaking
Fund for Global Human Rights
Larger Us/Collective Psychology Project		 2023
£
6,366
7,957
8,372
17,690
40,385
61,791
80,809
164,252
79,623
49,147
36,829
84,820
19,078
575,809
15,000
-
15,000
631,194
23,869
24,000
23,631
23,869
23,869
23,869
6,815
23,869
173,791
-
173,791
106,215
-
106,215		 2022
£
-
-
-
-
-
-
-
-
-
-
-
59,655
10,000
69,655
-
175,000
175,000
244,655
-
-
-
-
-
-
-
-
-
1,492
1,492
-
2,400
2,400

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 30

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

4 GRANT FUNDING OF ACTIVITIES (continued)

4 GRANT FUNDING OF ACTIVITIES (continued)
Special Initiatives
Institute for Integrated Transitions
Minority Rights Group International
Grand total		 2023
£
32,000
4,106
36,106
947,306		 2022
£
-
-
-
248,547

Grants have been made in line with charitable objects as outlined in the Annual Report.

General Grant-making represents grant funding for specific organisations as set out above. Global Dialogue is responsible for making the grants and monitoring the work carried out by the organisations to ensure they comply with the terms of the grant.

5.
FIXED ASSETS
GROUP AND CHARITY
Cost
As at 1stMay 2022
Additions
Disposals
Transfers
At 30thApril 2023
Depreciation
At 1stMay 2022
Charge during the Year
Disposals
Transfers
At 30thApril 2023
Net Book Value as at 30thApril 2023
Net Book Value as at 30thApril 2022		 Office
Equipment
£
19,679
8,805
(982)
(942)
26,560
8,277
9,560
(654)
(314)
16,869
£9,691
£11,402		 Total
£
19,679
8,805
(982)
(942)
26,560
8,277
9,560
(654)
(314)
16,869
£9,691
£11,402

Disposals represent the decommissioning of old computer equipment.

Transfers represent the transfer of computer equipment of a Global Dialogue Special Initiative to the new host, Minority Rights Group International.

6. FIXED ASSET INVESTMENTS 2023 2022
£ £
CHARITY
Unlisted investments £1 £1

The charity holds one share of £1 in its wholly owned subsidiary company Global Dialogue Ventures Limited, incorporated in England and Wales on 17[th] January 2018 under company number 11154333. The activities and results of the company are summarised in Note 18.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 31

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

7. DEBTORS

DEBTORS
Grants Receivable
Other Debtors
Prepayments
Intercompany debtor
Other		 GROUP
2023
2022
£
£
1,303,958
423,738
30,236
35,970
96,903
12,587
-
-
1,769
3,027
£1,432,866
£475,322		 CHARITY
2023
2022
£
£
1,303,958
423,738
24,152
26,570
96,903
12,587
70,317
33,423
1,769
3,027
£1,497,099
£499,345
£499,345

8. CREDITORS

Grants Payable
Trade Creditors
Deferred Income
Sundry creditors and accruals
DEFERRED INCOME
Brought Forward
Amount Released in the Year
Further Deferrals in the Year
Carried Forward		 GROUP
2023
£
2022
£
309,920
134,654
96,610
124,619
48,630
341,258
46,264
18,231
£501,424
£618,762
GROUP
2023
£
2022
£
341,258
22,978
(341,258)
(22,263)
48,630
340,543
£48,630
£341,258		 CHARITY
2023
£
2022
£
309,920
134,654
91,708
92,633
48,630
341,258
45,364
17,589
£495,622
£586,134
CHARITY
2023
£
2022
£
341,258
22,143
(341,258)
(21,428)
48,630
340,543
£48,630
£341,258

9. DEFERRED INCOME

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 32

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

10. MOVEMENTS IN FUNDS
GROUP 1st May 30th April 30th April
2021 Income Expenditure Transfers 2022 Income Expenditure Transfers 2023
Restricted Funds
Hosting
Ariadne 321,475 718,477 (451,778) 9,001 597,175 685,909 (710,899) 13,643 585,828
Funders’ Initiative for Civil 586,136 1,148,057 (508,354) 114,052 1,339,891 1,201,979 (1,041,743) 18,924 1,519,051
Society
International Education 257,774 418,176 (274,990) - 400,960 470,421 (467,345) - 404,036
Funders Group
Issues Affecting Women UK - - - - - 1,125,509 (448) - 1,125,061
Migration Exchange 320,229 270,750 (285,995) - 304,984 230,750 (202,406) - 333,328
Philanthropy for Social 188,096 114,253 (44,219) - 258,130 - (68,244) - 189,886
Justice and Peace
1,673,710 2,669,713 (1,565,336) 123,053 2,901,140 3,714,568 (2,491,085) 32,567 4,157,190
Incubation
Five Foundation 39,779 - (39,779) - - - - - -
Narratives Network Initiative - 839,952 (288,745) - 551,207 697,623 (885,665) - 363,165
39,779 839,952 (328,524) - 551,207 697,623 (885,665) - 363,165
General Grant-making 2,554 - (2,554) - - 112,995 (112,995) - -
Special Initiatives - 172,737 (133,535) - 39,202 115,838 (146,918) - 8,122
1,716,043 3,682,402 (2,029,949) 123,053 3,491,549 4,641,024 (3,636,663) 32,567 4,528,477
Unrestricted Funds
General Funds 4,955 205,012 (33,913) (123,053) 53,001 167,486 (60,244) (32,567) 127,676
TOTAL FUNDS 1,720,998 3,887,414 (2,063,862) - 3,544,550 4,808,510 (3,696,907) - 4,656,153

Income is the amount receivable as income for each fund during the year including gains and losses on foreign exchange.

A description of all Restricted Funds is provided in the Annual Report.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 33

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

10. MOVEMENTS IN FUNDS
CHARITY 1st May 30th April 30th April
2021 Income Expenditure Transfers 2022 Income Expenditure Transfers 2023
Restricted Funds
Hosting
Ariadne 321,475 718,477 (451,778) 9,001 597,175 685,909 (710,899) 13,643 585,828
Funders’ Initiative for Civil 586,136 1,148,057 (508,354) 114,052 1,339,891 1,201,979 (1,041,743) 18,294 1,519,051
Society
International Education 257,774 418,176 (274,990) - 400,960 470,421 (467,345) - 404,036
Funders Group
Issues Affecting Women UK - - - - - 1,125,509 (448) - 1,125,061
Migration Exchange 320,229 270,750 (285,995) - 304,984 230,750 (202,406) - 333,328
Philanthropy for Social 188,096 114,253 (44,219) - 258,130 - (68,244) - 189,886
Justice and Peace
1,673,710 2,669,713 (1,565,336) 123,053 2,901,140 3,714,568 (2,491,085) 32,567 4,157,190
Incubation
Five Foundation 39,779 - (39,779) - - - - - -
Narratives Network Initiative - 839,952 (288,745) - 551,207 697,623 (885,665) - 363,165
39,779 839,952 (328,524) - 551,207 697,623 (885,665) - 363,165
General Grant-making 2,554 - (2,554) - - 112,995 (112,995) - -
Special Initiatives - 172,737 (133,535) - 39,202 115,838 (146,918) - 8,122
1,716,043 3,682,402 (2,029,949) 123,053 3,491,549 4,641,024 (3,636,663) 32,567 4,528,477
Unrestricted Funds
General Funds 4,955 171,641 (542) (123,053) 53,001 110,971 (3,729) (32,567) 127,676
TOTAL FUNDS 1,720,998 3,854,043 (2,030,491) - 3,544,550 4,751,995 (3,640,392) - 4,656,153

Income is the amount receivable as income for each fund during the year including gains and losses on foreign exchange.

A description of all Restricted Funds is provided in the Annual Report.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 34

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

11.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
GROUP
Restricted
Funds
£
Fixed Assets
-
Current Assets
5,016,151
Current Liabilities
(487,674)
Total
4,528,477
£
Fixed Assets
-
Current Assets
4,101,059
Current Liabilities
(609,510)
Total
3,491,549
CHARITY
Restricted
Funds
£
Fixed Assets
-
Current Assets
5,016,688
Current Liabilities
(488,211)
Total
4,528,477
£
Fixed Assets
-
Current Assets
4,075,994
Current Liabilities
(584,445)
Total
3,491,549		 Unrestricted
Funds
£
9,691
131,735
(13,750)
127,676
£
11,402
50,851
(9,252)
53,001
Unrestricted
Funds
£
9,692
125,395
(7,411)
127,676
£
11,403
43,287
(1,689)
53,001		 Total
2023
£
9,691
5,147,886
(501,424)
4,656,153
2022
£
11,402
4,151,910
(618,762)
3,544,550
Total
2023
£
9,692
5,142,083
(495,622)
4,656,153
2022
£
11,403
4,119,281
(586,134)
3,544,550

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 35

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

12. STAFF COSTS AND NUMBERS

Salaries
Tax and Social Security
Pension
Redundancy		 2023
£
753,117
82,246
29,194
-
£864,557		 2022
£
639,581
64,113
24,621
5,833
£734,148

The average number of full-time equivalent employees during the year was 13 (2021/22: 11).

The number of staff whose emoluments were in excess of £60,000
during the year were as follows:
£60,001 - £70,000 1 3
£70,001 - £80,000 2 1
£80,001 - £90,000 1 1
£90,001 - £100,000 1 1

Global Dialogue uses an Employer of Record to employ international staff on its behalf. In 2022-23, 6 staff were employed in 4 countries (Denmark, Belgium, Germany and Kenya) and total costs for the year were £390,537 (in 2021-22, 4 staff employed in 3 countries (Denmark, Belgium and Kenya at a cost of £81,168).

13. PENSIONS

The Group operates an auto-enrolment pension scheme with The Peoples Pension which commenced in April 2017. All staff are eligible, and the Group pays a 6% employer's contribution in addition to any personal contribution made by the staff themselves.

Pension costs stated in note 12 and charged in the statement of Financial Activities represent the total contributions payable by the Group in the year.

14. TRUSTEES’ REMUNERATION AND EXPENSES

The Group did not pay to its trustees any remuneration during the year (2021/22: £Nil).

The Group paid trustees expenses for fulfilling their duties to the Charity as follows:

2023 2022
£ £
Travel & Subsistence 267 -
Total number of Trustees paid expenses 1 -

15. KEY MANAGEMENT PERSONNEL

The key management personnel of the Group are those staff and consultants having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any director of the entity. During the year they comprised the Executive Director, Director of Ariadne, Director of FICS, Director of MEX, Director of IEFG, Director of NNI and Director of SPI. The total compensation of key management personnel amounted to £533,558 (2021/22: £539,456).

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 36

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

16. RELATED PARTY TRANSACTIONS

Trustees and senior staff/consultants serve as board members or staff of five related organisations from whom Global Dialogue receives grant income or in-kind contributions.

Trustee or senior
staff/consultant		 Organisation Nature of relationship
to Global Dialogue
Rob Abercrombie Sheila McKechnie Foundation Deputy Chief Executive
Debbie Pippard Head of Programmes,
Barrow Cadbury Trust		 Funder
Walter Veirs Senior Program Officer, Central
and Eastern Europe, Charles
StewartMottFoundation		 Funder

Other than the above, there were no related party transactions during the year.

17. FINANCIAL PERFORMANCE OF THE CHARITY

The Consolidated Statement of Financial Activities includes the results of the charity and its wholly owned subsidiary Global Dialogue Ventures Limited, which conducts trading activities on behalf of the charity.

The summary financial performance of the charity alone is;

2023 2022
£ £
Incoming resources 4,683,850 3,744,640
Gift Aid donation from subsidiary company 32,458 4,886
4,716,278 3,752,689
Charitable activities (3,640,392) (2,030,491)
Exchange rate gains/(losses) 35,717 101,354
Net incoming resources 1,111,603 1,823,552
Total funds brought forward 3,544,550 1,720,998
Total funds carried forward 4,656,153 3,544,550
Represented by:
Unrestricted funds 127,676 53,001
Restricted funds 4,528,477 3,491,549
4,656,153 3,544,550

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 37

DocuSign Envelope ID: D201F7E7-14F1-4C93-94C5-85B83D1507B5

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2023

18. FINANCIAL PERFORMANCE OF THE TRADING SUBSIDIARY

The Consolidated Statement of Financial Activities includes the results of the charity and its wholly owned subsidiary Global Dialogue Ventures Limited, which conducts trading activities on behalf of the charity. 100% of the company's profits will be paid over to the charity under gift aid, within 9 months of the year ended 30 April 2023.

The summary financial performance of the subsidiary alone is;

Turnover
Cost of sales & administrative expenses
Exchange rate gains/(losses)
Profit for the period
Retained earning brought forward
Gift aid donation to parent charity
Retained profit
The assets and liabilities of the subsidiary were:
Current assets
Current liabilities
Net assets
Aggregate share capital and reserves		 2023
£
88,752
(56,515)
191
32,428
-
(32,428)
-
76,120
(76,119)
1
1		 2022
£
41,420
(33,371)
-
8,049
-
(8,049)
-
66,052
(66,051)
1
1

19. CORPORATION TAX

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

20. GOING CONCERN

The trustees are pleased to report that Global Dialogue remains a going concern. The Charity has looked 12 months into the future and believes it will be able to cover its operational costs for that period from a combination of confirmed grants and existing funds. The Charity expects to cover any running costs which are not yet covered by confirmed grants at the date of approval of these accounts through savings or additional grants, which the Charity has a reasonable level of confidence in achieving based on the stage of various grant applications and previous success rates. The Trustees review the going concern position at every Board meeting to ensure that this is kept under review and that any necessary steps to manage the financial position are taken.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2023 Page 38

KNOX CROPPER chartered accountants Global Dialogue b• Audit Findings Report . Year Ended 30 April 2023 1. 1111

Global Dialogue: Audit Findings Report for the year ended 30 April 2023

The Board of Trustees

Global Dialogue

23 November 2023

Dear Trustees

those charged with governance in accordance with Interna�onal Standard on Audi�ng (UK) 260.

As you will appreciate, our audit procedures are designed primarily to enable us to form an opinion on the accounts as a whole. Our procedures include such tests of the accoun�ng records and internal control systems as are, in our opinion, necessary for audit purposes. Consequently, whilst our procedures may iden�fy certain weaknesses which may exist, the audit procedures in themselves should not be relied upon to reveal all the weaknesses which may exist in the system.

This report has been prepared for your sole use and we assume no responsibility to any other party in respect of its contents. The report should not be disclosed to any third party without our prior wri�en consent.

significance have been discussed with the relevant staff during the course of our audit work.

management and Niamh at ASC. If you have any queries on any of the points in this le�er, please do not hesitate to contact us.

Yours Sincerely

Knox Cropper LLP

1 | P a g e

Global Dialogue: Audit Findings Report for the year ended 30 April 2023

Contents

Audit Overview Page 3
Materiality and Audit Adjustments Page 5
Key Audit Risks and Conclusions Page 6
Internal Control Observa�ons and Recommenda�ons Page 8
Emerging Issues Page 9
Le�er of Representa�on Page 12

2 | P a g e

Global Dialogue: Audit Findings Report for the year ended 30 April 2023

Audit Overview

General

unlikely to be materially misstated, to establish that disclosures reflected in the accounts comply with the requirements of legisla�on and relevant accoun�ng standards, to assess whether the accoun�ng policies adopted are appropriate and consistently applied and to assess whether judgements exercised and es�mates made in the prepara�on of the accounts are fair and reasonable.

Audit Report

We have substan�ally completed our detailed audit work, but the following ma�ers are s�ll outstanding:

Our report also includes a sec�on which is specific to this audit se�ng out our response to the risk of material misstatement in respect of irregulari�es arising from non-compliance with laws and regula�ons, including fraud.

Es�mates and Judgments

We have concluded that management have exercised judgments and calculated es�mates in a fair and reasonable way.

3 | P a g e

Global Dialogue: Audit Findings Report for the year ended 30 April 2023

Accoun�ng Policies and Disclosures

are, in all material respects, appropriate to the organisa�on’s opera�ons and in compliance with FRS 102 and the Charity SORP.

Adequate considera�on was given to the poten�al impact of changes in legisla�on and accoun�ng standards which arose during the year.

are consistent with the preceding year.

Professional Ethics and Independence

our audit engagement which we consider should be brought to your a�en�on.

Other Audit Ma�ers

4 | P a g e

Global Dialogue: Audit Findings Report for the year ended 30 April 2023

Materiality and Audit Adjustments

Materiality

260 ‘Communica�on with those charged with governance’, we are obliged to include details in this report of all unadjusted errors which are below materiality unless they are clearly trivial. Whilst our audit procedures are designed to iden�fy misstatements which are material to our audit opinion, we also report to those charged with governance and management any uncorrected misstatements of lower value errors to the

of what is material is a ma�er of professional judgement.

Our assessment of materiality the year ended 30 April 2023 was calculated as follows:

----- Start of picture text -----
£ Explana�on
Overall Materiality for the Financial Statements 70,744 Accounts materially misstated where total errors exceed this value
Performance Materiality 53,058 Work performed to capture individual errors at this level.
Triviality Level 3,537 Unadjusted errors above this level are reported.
----- End of picture text -----

Audit Adjustments

which are both individually and cumula�vely clearly trivial.

5 | P a g e

Global Dialogue: Audit Findings Report for the year ended 30 April 2023

Key Audit Risks and Conclusions

risks did not give rise to any material misstatement in the financial statements and our audit findings.

Risk Audit Approach Audit Findings
1 Going Concern. We will obtain budgets for 23/24 during the
audit and discuss future plans with the client. In		 Budgets are detailed and show signifcant
considera�on from the client as to how specifc
par�cular, we will review the extent to which projects are an�cipated to progress, with cash
forecast income is secure and the judgements fow forecasts on top.
made to es�mate income not yet secured.
Unrestricted reserves are held at £128k at the
end of FY23. Budgets post YE show a surplus in
unrestricted funds to April 2024. The reserves
policy is for 3 months core costs to be held as
unrestricted funds. Using informa�on from the
2023/24 budget, this would be ~£120k.
Reserves going forward appear to meet the
stated reserve policy.
2 Restricted Income and expenditure. We will review the underlying documenta�on We noted no issues with the alloca�on to
suppor�ng income on a sample basis to restricted funds on either the income or
Most of the charity’s income is restricted. ascertain whether restric�ons are being expenditure tested.
iden�fed and properly applied. We will review
and test, on a sample basis, the alloca�on of
expenditure against restricted income.
3 Expenditure alloca�on We will review the cost alloca�on model and We are sa�sfed that the expenditure alloca�on
check that it is reasonable and being used model is reasonable and correctly applied.
Expenditure is allocated across the charitable consistently.
ac�vi�es including both direct and indirect
costs.

6 | P a g e

Global Dialogue: Audit Findings Report for the year ended 30 April 2023

4

We will review income and expenditure incurred around the year end and ensure that it recognised in the correct period. has been accounted for in the correct accoun�ng period.

In par�cular we shall review contracts and grant agreements to ensure that amounts have been correctly deferred or accrued.

5 Completeness of income

Completeness of income is a presumed risk. We will compare income with our expecta�ons, adequate and that all income due has been based on budgets and prior periods, and also reported. review suppor�ng documenta�on on a sample basis.

Risk that management will override the control environment to misuse assets and misrepresent financial information.

As a charity with a small team there is an enhanced risk of management override, that is controls in place are overridden.

Expenditure will be tested to ensure that it is valid and authorised. Reconcilia�ons will be reviewed to ensure they are regularly prepared. We will also review journals raised. The adequacy of the segrega�on of du�es will be considered.

No evidence of management override noted during audit. Controls appear to be opera�ng effec�vely.

7 | P a g e

Global Dialogue: Audit Findings Report for the year ended 30 April 2023

Internal Control Observa�ons and Recommenda�ons

iden�fied during the course of our audit. These ma�ers are limited to those which we have concluded are of sufficient importance to be reported to you. Our audit cannot necessarily be expected to disclose all deficiencies in the system and, as a result, the ma�ers reported may not be the only ones which exist.

Control weakness is not significant but we recommend that it be addressed to comply with good prac�ce Control weakness is serious and needs to be addressed Control weakness is of cri�cal importance and needs to be addressed as a priority

Ma�ers Arising in the Current Year

Risk Observa�on Recommenda�on Management Response
Ra�ng
1 The trading subsidiary was set up We recommend the client con�nues to
previously a�er a review from a VAT monitor the taxable income in the
consultant. The ac�vity in the en�ty is subsidiary closely.
growing and the income should be
monitored to ensure that the client can
plan accordingly in case of VAT
registra�on becoming a requirement
due to taxable income levels.

8 | P a g e

Global Dialogue: Audit Findings Report for the year ended 30 April 2023

Emerging Issues

Charities Act 2022

The Chari�es Act 2022, which makes a number of amendments to the Chari�es Act 2011, became law on 24 February 2022. However, the provisions of the Act are being implemented in a phased way, over a period of 18 months, so that the Charity Commission has sufficient �me to update its guidance. A key point to note is that the Act does not impose any addi�onal obliga�ons on charity trustees. Instead, it simplifies the administra�ve steps which trustees are required to take when making certain decisions. Full details of the Act can be found at: h�ps://www.knoxcropper.com/ar�cles/chari�es-act-2022/

All provisions in the Act are expected to be implemented by the autumn of 2023 with the exception of those relating to ex-gratia payments which are subject to further consideration by the Charity Commission.

Charity Commission Guidance on Internal Controls

In April 2023, the Charity Commission issued updated guidance on internal controls, which is set out in its CC8 document. The restructured guidance is now more concise and it covers issues that were not in existence or widely relevant to the sector when first drafted. New sections cover the use of mobile payments systems, such as Apple Pay, and the receipt of donations in the form of cryptoassets, such as cryptocurrency and NFTs. Existing advice on more traditional risks, including the risks relating to fundraising and public collections, making payments to related parties, and operating internationally has been updated and there is a new section on accepting hospitality. The guidance also includes an updated checklist which facilitates a periodic review of the adequacy of internal controls.

Charity Commission Annual Return 2023

Following a consultation in 2022, the annual return for 2023 contains a number of additional questions. Some of the information required will come directly from the statutory accounts but some charities may have to compile additional data which may be time consuming. The updated Annual Return (AR23) will apply to charities’ financial years ending on or after 1 January 2023 and the additional information required depends in some cases on the size and nature of the charity. New information required includes:

9 | P a g e

----- Start of picture text -----
a)
----- End of picture text -----

Global Dialogue: Audit Findings Report for the year ended 30 April 2023

In total there are 10 additional compulsory questions for all charities and up to 13 extra in total, depending on the nature of the charity.

Risk of Cyber Crime

In January 2023, the National Cyber Security Centre (NCSC) released a new report detailing the risks from cyber-crime to charities. The purpose of the report is to help charities understand current cyber security threats, including the extent to which the sector is being affected, and set out where charities can go for help. Following a recent survey, the Charity Commission reported that one in eight chari�es had experienced cybercrime in the previous 12 months. The NCSC report can be found at: h�ps://www.ncsc.gov.uk/collec�on/charity/cyber-threat-report-uk-charitysector

Fundraising disclosure

All charities which are required by law to have an audit are required to include details of their fundraising practices in their Annual Report. The Fundraising Regulator has published new research and updated guidance to encourage better compliance with these reporting requirements. The updated guidance emphasises the need for charities to include sufficient detail to meet the statutory requirements and can be found here: The Chari�es (Protec�on and Social Investment) Act 2016: an analysis of compliance with fundraising repor�ng as of July 2022 | Fundraising Regulator

Claiming gift aid on waivers

HMRC has updated its tax guidance for charities to clarify the rules on claiming Gift Aid when a right to receive either a refund or a loan repayment is waived. Where the charity holds a record of the waiver and meets all other Gift Aid rules, HMRC has clarified that the waiver will be eligible for Gift Aid.

10 | P a g e

Global Dialogue: Audit Findings Report for the year ended 30 April 2023

Proposed changes to Financial Reporting

The Charity SORP and Financial Reporting Standard 102 (FRS 102), on which the SORP is based, are both in the process of being updated, with changes expected to be implemented for accounting periods beginning on or after 1 January 2026. A consultation document, setting out proposed changes to FRS 102, was issued in December 2022. The proposed changes reflect changes which have been made to International Financial Reporting Standards and include:

The update to the Charity SORP is following the same timetable as it is required to incorporate all the changes made to FRS 102. However, it is also likely to implement a number of additional changes, reflecting feedback from a wide range of stakeholders. Changes are likely to include:

11 | P a g e

Global Dialogue: Audit Findings Report for the year ended 30 April 2023

Le�er of Representa�on

material representa�on given to us during the course of our audit which forms part of our audit evidence. The representa�ons should be made on the basis of enquiries of management and staff with relevant knowledge and exper�se.

The following is the full list of representa�ons which we will require to be formally provided to us in a le�er, signed on behalf of the trustees, prior to signing our audit report.

  1. We have fulfilled our responsibilities as trustees under the Companies Act 2006 (“the Act”) for preparing financial statements which give a true and fair view in accordance with the financial reporting framework (FRS 102 and the Charity SORP).

  2. We confirm that all accounting records have been made available to you for the purpose of your audit, in accordance with your terms of engagement, and that all the transactions undertaken by the company have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management and Trustees’ meetings, have been made available to you. We have given you unrestricted access to persons within the company in order to obtain audit evidence and have provided any additional information that you have requested for the purposes of your audit.

  3. We acknowledge our legal responsibilities regarding disclosure of information to you as auditors and confirm that:

  4. so far as each Trustee is aware, there is no relevant audit information of which you as auditors are unaware; and

  5. each Trustee has taken all the steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that you are aware of that information.

Estimates and Judgments

  1. We confirm that the methods, significant assumptions and source data used by us in making accounting estimates, and their disclosure in the financial statements, are appropriate and in compliance with the recognition, measurement and disclosure requirements of FRS 102.

12 | P a g e

Global Dialogue: Audit Findings Report for the year ended 30 April 2023

  1. We confirm that all known actual or possible litigation and claims, the implication of which should be considered when preparing the financial statements, have been disclosed to you and have been accounted for and disclosed in accordance with FRS102 and the Act.

Post Balance Sheet Events and Commitments

  1. We confirm that there have been no events since the balance sheet date which necessitate revision of the figures in the financial statements, or inclusion of a note thereto, other than those matters which have already been disclosed or included in the financial statements.

  2. We confirm that the company has not contracted for any capital expenditure other than as disclosed in the financial statements.

Related Parties

  1. We confirm that we are aware of the definition of a related party as set out in FRS102 and the charity SORP.

  2. We confirm that we have disclosed to you all related parties and related party transactions relevant to the company and that we are not aware of further related party transactions other than those already disclosed in the financial statements in accordance with the requirements of FRS102 and the Act.

  3. We confirm that the charity/company has not had, at any time during the year, an arrangement, transaction or agreement to provide credit facilities for trustees, nor to provide guarantees of any kind on behalf of the trustees, except as disclosed in the financial statements.

Laws, Regulations and Contractual Agreements

  1. We confirm that we are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the company conducts its operations, non-compliance with which could affect the financial statements.

  2. The company has complied with all aspects of contractual and other agreements that could have a material effect on the financial statements in the event of non-compliance.

13 | P a g e

Global Dialogue: Audit Findings Report for the year ended 30 April 2023

Internal Control and Fraud

  1. We acknowledge our responsibility for the design and implementation of controls to prevent and detect fraud and we confirm that we have assessed the risk that the financial statements may be materially misstated as a result of fraud and that we have made this assessment available to you. We also confirm that, to the best of our knowledge and belief, there have been no significant deficiencies in internal control during the year.

  2. We confirm that we have disclosed to you our knowledge of any actual or suspected instances of fraud involving management, employees with a significant role in internal control, and others where the fraud could have a material effect on the financial statements. We also confirm that we have disclosed to you our knowledge of any allegations of fraud or suspected fraud, affecting the financial statements, which have been communicated by employees, former employees, regulators or others.

Going Concern

  1. We confirm that, having considered financial projections which reflect the company’s expectations and intentions for a period of at least twelve months from the date on which the financial statements are expected to be approved, in our opinion, the company’s financial statements should be prepared on the going concern basis.

Uncorrected Misstatements

  1. both individually and in aggregate, to the financial statements as a whole.

Other Ma�ers

  1. been no breaches of terms and condi�ons in the applica�on of such incoming resources.

  2. of all Serious Incident Reports that we have made to the Charity Commission

14 | P a g e