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← Global Dialogue

2025-04-30-accounts

Docusign Envelope ID: 1ABF80D5-413B-4DD0-8730-B2034F48BB73

Charity Number: 1122052 Company Number: 05775827

Global Dialogue Annual Report and Financial Statements For the year ended 30 April 2025

Docusign Envelope ID: 1ABF80D5-413B-4DD0-8730-B2034F48BB73

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

Charity Number 1122052 Company Number 05775827 Registered Office Third Floor, 20 Old Bailey, London, EC4M 7AN Trustees Robert Abercrombie (Chair to 31[st] January 2026) Sarah McNeer Brooks Daria Cybulska (Chair from 1[st] February 2026) Jack Harrington (joined 8[th] October 2024) Annie Hillar (joined 8[th] October 2024) Corinna Horst (joined 8[th] October 2024) Steve Irakoze (joined 8[th] October 2024) W’qaas Ali Khan (resigned 24[th] November 2025) Gabriel Ng (resigned 24[th] November 2025) Jenny Oppenheimer (resigned 20[th] May 2024) Walter Veirs (resigned 25[th] November 2024) 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

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Introduction

The trustees present their Annual Report and Financial Statements of the charity for the year ended 30 April 2025.

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 2025 are listed on page 1. 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.

No trustees had any beneficial interest in the charity during this reporting period, and no remuneration of directors is paid by the charity.

Day to day management of the charity’s activities is the responsibility of Esther Hughes, Executive Director. The Board oversees these activities through several subcommittees and working groups, including 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 the promotion of diversity, equity and inclusion across the organisation. Pay and remuneration of key management personnel is set by the Board with reference to relevant comparative data, following the process set out in the organisation’s Pay Policy, which was updated this year.

Global Dialogue’s Objectives and Activities

Global Dialogue is an international philanthropy support organisation, partnering with independent funders to advance rights, equity and diversity, providing funder networks, collaboratives and partners with practical support and technical expertise to create lasting 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):

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any of the following means: raising awareness of human rights issues; research into human rights issues; commenting on proposed human rights 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 2024-25 these included six hosted programmes:

Global Dialogue continues to carry out general grantmaking, moving money to support activists, civil society organisations and social movements around the world and regranting for funders needing specialist support with their grantmaking. We incubate new civil society initiatives, enabling activists to get up and running quickly while supporting them to register, develop and transition to their own independent entity. And we design and deliver special projects in philanthropy, scoping emerging opportunities, testing new approaches, and developing influential partnerships.

Grantmaking

Some of the programmes hosted at Global Dialogue award grants to others as part of delivering their strategic goals. This year, this has included Ariadne, HAMRAH, the NRPF Partnership (co-led by Migration Exchange) and the Funders Initiative for Civil Society. The process for selecting prospective grantee partners can vary from holding open calls for applications to pro-active identification of suitable partners by Programme Directors/staff teams, depending on the needs of each programme. Recommendations to fund are reviewed

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by staff teams and/or management/advisory committees as appropriate and presented to Trustees for final approval.

Global Dialogue also carries our grantmaking in accordance with specific terms and requirements attached to particular donations. 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. This year, grants have been awarded in this way in relation to the Oak Foundation’s Issues Affecting Women UK programme.

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 regular basis. In managing the risks inherent in our work as a fiscal host we maintain proportional internal controls and robust compliance measures to ensure that our approach is consistent with our mission.

Safeguarding

Global Dialogue considers promoting a strong safeguarding culture and practice to be integral to achieving its mission. During 2024-25 we strengthened our approach to safeguarding through a number of measures:

Looking ahead to 2025-26, we will roll-out an all-staff training and a Trustee refresher training. We will develop some additional procedures to reflect the current national and international context for safeguarding in our work.

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Activities, Achievements and Future Plans

The year 2024-25 was the second year of our three-year strategy to advance rights, equity and diversity in partnership with philanthropy. This strategy covers three areas for organisational development: our offer, our approach and our influence.

We look forward to reporting on our work towards these aims in 2025-26, the final year of our current strategy.

Ariadne

Ariadne is Europe’s leading peer-to-peer network for social change and human rights, bringing together over 660 representatives from 125 foundations and philanthropists across 21 countries. United by the belief that collaboration drives greater change, Ariadne fosters trusted spaces for exchange, learning and collaboration, helping philanthropy remain responsive, inclusive and bold.

In 2024/25, Ariadne focused on convening members, creating opportunities for learning, and strengthening the sector’s capacity to respond to Europe’s shifting political and social context.

Highlights included:

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The year was also marked by leadership transition. After nine years as Director, Julie Broome stepped down in January 2025. Interim co-leads from the staff team maintained delivery until the appointment of Maja Spanu, formerly of Fondation de France and an Ariadne Advisory Board member, who became Director in September 2025. This change provides stability and a moment to refresh Ariadne’s strategy in light of current global and European political challenges.

Collaboration remained central. Ariadne continued its partnership with EDGE Funders Alliance on the Funding for Real Change project, which encourages funders to move towards multiyear, flexible funding. In 2024/25, Ariadne helped launch a new Grantees Hub, providing tools for grantees to influence funders towards more effective practices.

Looking ahead to 2025/26, Ariadne will consolidate existing programmes while expanding its focus in the UK, where new funding will support work on democratic backlash and gender. The leadership transition provides an opportunity to ensure the network’s strategy aligns with urgent European challenges. With authoritarianism rising, civic space shrinking and progressive donors retreating, Ariadne’s role as a bridge, a community and a catalyst for change is more important than ever.

Funders Initiative for Civil Society (FICS)

FICS works with funders to anticipate the trends that will shape civic space. Around the world, anti-rights actors, authoritarian governments and powerful economic interests are increasingly restricting freedom of expression, assembly and association. FICS mobilises resources so that movements and their allies have the tools and support they need to defend their fundamental freedoms and advance bold, collaborative visions for a more just future.

In 2024/25, FICS continued its focus on three mega-trends that are driving threats to civic space: the rise of anti-rights actors, the expansion of abusive security frameworks, and the concentration of economic power. Alongside this, FICS stepped up its efforts to build connections between funders and civic actors working at the intersection of climate, civic space and democracy.

Key highlights included the further development of three areas of work:

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approaches to countering anti-rights narratives. A report sharing early learnings from this work was published in March 2025. In May, FICS and partners IRIS and Aflamuna cohosted the second Confluence gathering, bringing together a diverse international group of activists, funders and storytellers to exchange strategies and strengthen collaboration in narrative change.

Climate remained a critical priority for FICS throughout the year. Recognising that meaningful climate action depends on open civic space, FICS sought to broaden the community of funders resourcing work at this intersection. In January 2025, the London School of Economics published Climate Emergency and the Future of Civic Space: Lessons from the War on Terror, research funded by FICS. The report examined how security paradigms used in the “war on terror” are being echoed in climate responses, with implications for movements seeking climate justice. FICS worked with LSE to host a series of launch events, including a livestreamed discussion where Director Poonam Joshi spoke alongside researchers and practitioners.

During the year, FICS also strengthened its organisational leadership. Two new Directors were appointed to lead the Hive and Civic Futures, both based outside the UK, reflecting FICS’ commitment to diverse and globally grounded leadership. The Advisory Board, refreshed in 2023/24, convened in person in November 2024 to establish new structures, including subcommittees on organisational development and fundraising, to support long-term sustainability.

Looking ahead to 2025/26, FICS will sharpen its focus on providing analysis and insights that enable funders to anticipate and respond to emerging threats to civic space. A significant strategic development will be the independence of the Global Narrative Hive, which will spin off as an autonomous organisation in early 2026. This transition reflects FICS’ adaptive approach: by incubating and then spinning off initiatives, it ensures that pioneering work can thrive in its own right while FICS concentrates on catalysing new ideas and convening funders.

In a context where civic space and democracy are under sustained pressure, FICS’ work is more vital than ever. By equipping funders with foresight and by building cross-movement networks, FICS continues to play a unique role in ensuring that civic actors can imagine and organise for transformative change.

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HAMRAH

HAMRAH was established in 2024 as a two-year initiative to support and empower Afghan civil society forced into exile after the Taliban takeover in 2021, particularly women-led organisations. Its mission is to strengthen the resilience and amplify the voices of Afghan civil society in exile. Through financial and technical support, shared learning and joint advocacy, HAMRAH helps its members to build organisations, adapt to host country contexts, and contribute to change in Afghanistan and internationally.

2024/25 marked the first full year of HAMRAH’s work. The initiative supported 10 civil society organisations based in Europe and North America, all of which continued to deliver vital work on the ground in Afghanistan. Activities ranged from literacy training and alternative education for girls, to protection for LGBTIQ+ people, support for women human rights defenders, legal aid, disability inclusion, independent journalism and research on development policy.

Highlights included:

Collaboration and cross-learning were central. In partnership with the Institute for Integrated Transitions, HAMRAH facilitated two exchanges. The first, with organisations from Colombia, Guatemala, Nicaragua and Venezuela, focused on advocacy in international platforms. The second, Bridging Transitions, held in Barcelona in February 2025, brought together HAMRAH members and Syrian CSOs to share lessons on advancing change in repressive contexts. These exchanges strengthened solidarity and built alliances. Further exchanges are planned for 2025, including with Iranian civil society groups.

Looking ahead to 2025/26, HAMRAH is preparing a three-year strategy to extend its work beyond the original initiative. This will involve more tailored support to existing members, modest growth in membership and a stronger focus on influencing international agendas. It

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will also prioritise inclusive dialogue among Afghan civil society to help define a collective vision for a more just and equitable Afghanistan.

International Education Funders Group (IEFG)

IEFG is the largest global network of philanthropic actors dedicated to funding education. Its mission is to improve education systems worldwide, with a focus on low- and middle-income countries. Bringing together diverse organisations united by a belief in the power of education, IEFG promotes collaborative, strategic and equitable philanthropy.

In 2024/25, IEFG experienced significant growth and deeper collaboration across its global membership. The network expanded its geographic reach, launched new thematic initiatives, and amplified philanthropic voices in global education policy.

Highlights included:

Strategic developments reflected IEFG’s focus on systemic collaboration and locally-led leadership. Key steps included the creation of the Beyond Aid Initiative to help members adapt to a shifting aid landscape, the appointment of a dedicated fellow to lead Climate x Education collaboration, expansion of the Member Dashboard with thematic deep dives, and the addition of 18 new organisations to the network.

Collaboration remained central to IEFG’s approach. The network co-hosted events or workstreams with partners including the African Union, Africa Philanthropy Network, Trust Africa, East Africa Philanthropy Network, the Centre for African Philanthropy, the Independent Philanthropy Association of South Africa, Brookings Institution, Elevate Children Funders Group and Asia Philanthropy Circle. Cross-chapter collaboration was strengthened through gatherings such as the Ghana Chapter’s workshop in Accra. Three professional peer groups were also launched: Advoca-Troupe, Data Wranglers and Smooth Operators. Each provides a space for practical problem-solving across the membership.

Looking ahead to 2025/26, IEFG will consolidate its role as a catalyst for education philanthropy by deepening the impact of its country chapters and thematic corners, advancing its Climate x Education agenda through collaborative action, and developing new system visualisation tools to map funding gaps and opportunities. The network is also preparing for

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its next global convening, IEFG Together 2026, in Jordan, with continued focus on teachers, teaching and systemic change. Alongside these initiatives, new frameworks will be introduced to capture and communicate the collective influence of the network more effectively.

With its growing membership, strong partnerships and commitment to systemic change, IEFG is well positioned to play a vital role in shaping the future of education philanthropy worldwide.

Migration Exchange (MEX)

MEX works for a UK where every person is treated with dignity, equity and fairness, no matter where they have come from. It acts as a bridge between funders, charities and communities in the migration and refugee sector, cultivating insight, building collaborations and unlocking resources to strengthen collective action.

In 2024/25, MEX consolidated its role as a convenor and source of analysis, supporting resilience in the sector while responding to urgent events. Over the year it hosted more than 550 participants from 300 organisations at convenings, awarded 22 new leadership grants, published two reports and 13 blogs, and organised 19 sector meetings and 10 funder events.

Highlights included:

Collaboration remained central throughout the year. Over 300 organisations benefited from tools, events and resources designed to strengthen resilience, while new partnerships expanded the sector’s reach and influence. MEX balanced rapid responses to immediate challenges with longer-term strategic work, ensuring that the sector remained connected and prepared.

Looking ahead to 2025/26, MEX will continue to build collaboration across the sector on key issues including NRPF, wellbeing, safety, political change and responses to the far right. It will

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further develop approaches that centre lived experience and distribute resources more equitably, while sharpening learning and evaluation through a new framework for impact and sustainability.

Philanthropy for Social Justice and Peace (PSJP)

PSJP worked to identify, connect and amplify community-centred voices in philanthropy and civil society, increasing their influence on international development. Its approach centred values of solidarity and compassion in how philanthropy funds, the agency and voices of local activists and peacebuilders in who it funds, and justice and peace in what it funds.

2024/25 was PSJP’s final year as an active programme, concluding a three-year planned sunset. The period was devoted to reflection, embedding strands of work that would continue beyond PSJP, and sharing lessons with the wider field. The intention was to ensure that community-centred approaches, grounded in solidarity and justice, remain visible and influential after PSJP’s closure.

Highlights included:

A major strategic development in this period was PSJP’s intentional sunset. After nearly two decades of work, the programme concluded in April 2025 as part of a planned three-year transition. Rather than focusing on institutional continuity, PSJP embedded its lessons, relationships and approaches within the wider ecosystem. Elements of its work, including the peacebuilding initiative, reflective dialogues and collaborations with partners such as FFP and Comuá, will continue through others.

Collaboration was central in this final year. At the Africa Philanthropy Conference in Victoria Falls, PSJP convened a dialogue on how change happens with TrustAfrica and Urgent Action Fund Africa. Alongside Unyoke Foundation and AWDF, PSJP also co-organised a conversation on the role of philanthropy in local peacebuilding, centring the voices of community-based activists. In Brazil, groundwork was laid for deeper collaboration with the Comuá Network on the relationship between philanthropy and social movements. Comuá will carry this agenda forward, building on earlier PSJP work in Africa and Asia to advance solidarity-based funding across the Global South.

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Looking ahead to 2025/26, PSJP will not initiate new programmes. The focus will be on completing the operational aspects of closure, finalising reporting, and ensuring that nearly two decades of learning and archives remain accessible through Global Dialogue. Remaining funds will support the continuation of peacebuilding and dialogue approaches through trusted partners. This reflects PSJP’s commitment to sunset responsibly, leaving a legacy of solidarity and strengthening the wider ecosystem for social justice and peace.

Special Initiatives

We design and deliver special projects in philanthropy, scoping emerging opportunities, testing new approaches, and developing influential partnerships. In 2024-5 this included collaboration with Hilton Foundation to convene philanthropic peers and other partners in the UK to strengthen the practice of locally led development.

Financial Review of Global Dialogue

During the financial year 2024-25 Global Dialogue received income of £4,728,486 (2023-2024: £6,084,317) and made payments of £5,941,107 (2023-2024: £5,186,170) in relation to its charitable activities and governance. This resulted in net expenditure before exchange rate gains/(losses) of £1,212,621 for the year, which together with exchange rate losses of £81,745 (2023-2024 gain: £6,195) decreased total reserves from £5,560,495 to £4,266,129. 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 30[th] April 2025 (excluding Fixed Assets) was £319,651 which equates to five months of planned core expenditure. Trustees are pleased to report that current unrestricted reserves are within the target range.

Our principal funding sources during 2024-25 were charitable trusts and foundations who share our commitment to advancing rights, equity and diversity, 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, HAMRAH, Migration Exchange and Philanthropy for Social Justice and Peace.

We’re grateful to our funders and partners for their significant support to our work during 202425 and look forward to continuing these partnerships into the future.

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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 26[th] February 2026 and signed on its behalf by:

26 February 2026

DARIA CYBULSKA

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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 2025 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

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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.

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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.

| lenox Cue pen tu26 February 2026

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

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GLOBAL DIALOGUE

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30[th] APRIL 2025

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
10
Other recognised gains/(losses):
Exchange rate gains/(losses)
NET MOVEMENT IN FUNDS
10
Reconciliation of Funds:
Total Funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
1,378
98,979
92,162
192,519
24,202
24,202
168,317
(56,280)
(527)
111,510
220,279
331,789		 Restricted
Funds
£
481,769
4,054,198
-
4,535,967
5,916,905
5,916,905
(1,380,938)
56,280
(81,218)
(1,405,876)
5,340,216
3,934,340		 2025
Total
£
483,147
4,153,177
92,162
4,728,486
5,941,107
5,941,107
(1,212,621)
-
(81,745)
(1,294,366)
5,560,495
4,266,129		 Unrestricted
Funds
£
402
92,735
87,369
180,506
28,163
28,163
152,343
(59,637)
(103)
92,603
127,676
220,279		 Restricted
Funds
£
445,466
5,458,345
-
5,903,811
5,158,007
5,158,007
745,804
59,637
6,298
811,739
4,528,477
5,340,216		 2024
Total
£
445,868
5,551,080
87,369
6,084,317
5,186,170
5,186,170
898,147
-
6,195
904,342
4,656,153
5,560,495

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 2025 Page 17

Docusign Envelope ID: 1ABF80D5-413B-4DD0-8730-B2034F48BB73

GLOBAL DIALOGUE BALANCE SHEETS AS AT 30[th] APRIL 2025

Group Charity
Notes 2025 2024 2025 2024
£ £ £ £
FIXED ASSETS
Tangible Assets 5 12,138 10,936 12,138 10,936
Investments 6 - - 1 1
12,138 10,936 12,139 10,937
CURRENT ASSETS
Debtors 7 447,198 799,188 440,754 831,775
Cash at Bank and on Deposit 4,368,014 5,250,679 4,343,921 5,207,721
4,815,212 6,049,867 4,784,675 6,039,496
LIABILITIES
Amounts falling due within one year 8 (561,221) (500,308) (530,685) (530,685)
(489,938)
NET CURRENT ASSETS 4,253,991 5,549,559 4,253,990 5,549,558
TOTAL NET ASSETS 11 £4,266,129 £5,560,495 £4,266,129 £5,560,495
FUNDS
Restricted Reserve 10 3,934,340 5,340,216 3,934,340 5,340,216
Unrestricted Funds 10 331,789 220,279 331,789 220,279
TOTAL FUNDS £4,266,129 £5,560,495 £4,266,129 £5,560,495

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:

DARIA CYBULSKA

DATE: 26[th] February 2026

COMPANY NUMBER: 05775827

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2025 Page 18

Docusign Envelope ID: 1ABF80D5-413B-4DD0-8730-B2034F48BB73

GLOBAL DIALOGUE CONSOLIDATED STATEMENT CASH FLOWS FOR THE YEAR ENDED 30[th] APRIL 2025

2025 2024
£ £
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash flows provided by (used in) operating activities (963,257) 1,459,986
,
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends, interest and rents from investments 92,162 87,369
Purchase of property, plant and equipment (11,570) (12,329)
Disposal of property, plant and equipment - 633
Net cash provided by (used in) investing activities 80,592 75,673
CASH FLOWS FROM FINANCING ACTIVITIES
Net cash provided by (used in) financing activities - -
NET CHANGE IN CASH AND CASH EQUIVALENTS (882,665) 1,535,659
Cash and cash equivalents at the start of the year 5,250,679 3,715,020
Cash and cash equivalents at the end of the year 4,368,014 5,250,679
RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH INFLOW FROM OPERATING
ACTIVITIES
2025 2024
£ £
Net income/(expenditure) for the financial year (1,294,366) 904,342
Adjustments for:
Depreciation charges 10,368 10,451
Dividends, interest and rents from investments (92,162) (87,369)
(Increase)/decrease in debtors 351,990 633,678
Increase/(decrease) in creditors 60,913 (1,116)
Net cash provided by (used in) operating activities (963,257) 1,459,986

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2025 Page 19

Docusign Envelope ID: 1ABF80D5-413B-4DD0-8730-B2034F48BB73

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2025

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.

(b)

Basis of Consolidation

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.

A separate Statement of Financial Activities, or Income and Expenditure account, is not presented for the charity itself in accordance with section 408 of the Companies Act 2006.

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 2025 Page 20

Docusign Envelope ID: 1ABF80D5-413B-4DD0-8730-B2034F48BB73

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2025

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 2025 Page 21

Docusign Envelope ID: 1ABF80D5-413B-4DD0-8730-B2034F48BB73

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2025

2. INCOME

Donations and Legacies
Donations
Voluntary membership & sponsorship
Other
Sub-total
Charitable Activities
Grants
Oak Foundation
Open Society Foundations
Ford Foundation
Porticus
Bill & Melinda Gates Foundation
Anonymous Donors
National Endowment for Democracy
C. S. Mott Foundation
Luminate Projects Limited
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
The Migration Foundation
American Jewish World Service
Zenex Foundation
Rockefeller Brothers Fund
Lankelly Chase Foundation
MC2H Foundation
The Baring Foundation
Octava Foundation Limited
This Day Foundation
The Sam & Bella Sebba Charitable
Foundation
The Esmee Fairbairn Foundation
David and Lucile Packard Foundation
Foundation for a Just Society
British Refugee Council
Joseph Rowntree Foundation
The Henry Smith Charity
The Rayne Foundation
Fondation Chanel
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
Hamrah
No Resource
to Public
Funds
Partnership
Other
Unrestricted
Funds
Total
2025
Total
2024
£
£
£
£
£
£
£
£
£
£
£
£
£
135,178
-
-
-
341,091
-
-
-
-
-
-
476,269
445,466
-
5,500
-
-
-
-
-
-
-
-
1,378
6,878
402
135,178
5,500
-
-
341,091
-
-
-
-
-
1,378
483,147
445,868
135,178
5,500
-
-
341,091
-
-
-
-
-
1,378
483,147
445,868
55,000
-
-
-
13,366
542,980
-
-
-
-
-
611,346
1,573,088
-
-
-
-
-
-
-
389,041
-
-
-
389,041
1,261,313
151,812
-
444,525
-
-
-
-
-
-
-
-
596,337
1,042,145
-
-
-
-
99,307
-
-
-
-
-
-
99,307
103,421
-
-
-
-
116,935
-
-
-
-
-
-
116,936
7,847
-
-
137,356
-
7,557
-
-
-
-
-
-
144,913
152,284
-
-
(225)
-
-
-
-
-
-
-
-
(225)
19,594
3,752
-
112,553
-
-
-
-
-
-
-
-
116,305
122,866
38,123
-
73,959
-
-
-
-
-
-
-
-
112,082
116,335
-
-
-
-
-
-
-
-
-
-
-
-
22,250
-
85,000
-
-
-
-
-
-
-
-
-
85,000
155,000
-
-
-
-
-
-
-
-
-
-
-
-
60,000
-
-
30,000
-
-
-
-
-
-
-
-
30,000
30,000
27,234
-
-
-
-
-
-
-
-
-
-
27,234
128,969
-
-
19,285
-
-
-
-
-
-
-
-
19,285
51,001
-
69,750
-
-
-
-
-
-
25,000
-
-
94,750
40,000
-
-
-
-
-
-
-
-
-
-
-
-
(269)
-
-
-
-
-
-
-
-
-
-
-
-
11,384
-
65,000
-
-
-
-
-
-
-
-
-
65,000
95,000
-
-
-
-
-
-
-
-
-
-
-
-
8,562
-
-
-
-
-
-
-
-
-
-
-
-
5,000
3,760
-
-
-
-
-
-
-
-
-
-
3,760
3,857
-
-
-
-
34,535
-
-
-
-
-
-
34,535
36,359
3,790
-
-
-
-
-
-
-
-
-
-
3,790
4,119
-
-
-
-
-
-
-
-
-
-
-
-
10,000
-
-
-
-
-
-
-
-
-
-
-
-
29,909
-
-
-
-
-
-
-
-
-
-
-
-
30,000
-
-
-
-
99,769
-
-
-
-
-
-
99,769
45,696
-
425,000
-
-
-
-
-
-
-
-
-
425,000
50,000
-
-
-
-
-
-
-
-
-
-
-
-
50,000
-
77,500
-
-
-
-
-
-
100,000
-
-
177,500
50,000
-
-
371,862
-
-
-
-
-
-
-
-
371,862
-
-
-
-
-
-
153,885
-
-
-
-
-
153,885
-
-
100,000
-
-
-
-
-
-
-
-
-
100,000
-
-
-
-
-
-
-
-
-
86,000
-
-
86,000
-
-
55,000
-
-
-
-
-
-
-
-
-
55,000
-
-
30,000
-
-
-
-
-
-
-
-
-
30,000
-
8,471
-
-
-
-
-
-
-
-
-
-
8,471
-
-
-
-
-
-
-
-
-
-
(2,684)
-
(2,684)
-
291,942
907,250
1,189,315
-
371,469
696,865
-
389,041
211,000
(2,684)
-
4,054,198
5,315,730

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2025 Page 22

Docusign Envelope ID: 1ABF80D5-413B-4DD0-8730-B2034F48BB73

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2025

2. INCOME (continued)

General Grantmaking
Porticus
Grapevine Foundation
Others
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
£
-
-
-		 Issues
Affecting
Women
UK
£
-
-
-		 Hamrah
No
Resource to
Public
Funds
Partnership
Other
Unrestricted
Funds
Total
2025
Total
2024
£
£
£
£
£
£
-
-
-
-
-
110,022
-
-
-
-
-
32,814
-
-
-
-
-
(221)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 -
-
-
-		 -
-
-
-		 -
-
-
-		 -
-
-
-
-
142,615
-
-
-
67,358
67,358
46,545
-
-
-
31,195
31,195
44,421
-
-
-
426
426
1,769
-
-
-
-		 - - - -
98,979
98,979
92,735
291,942
907,250
1,189,315
-		 371,469 696,865 - 389,041
211,000
(2,684)
98,979
4,153,177
5,551,080
-
-
-
-		 - - - -
92,162
92,162
87,369
427,120
912,750
1,189,315
-		 712,561 696,865 - 389,041
211,000
(2,684)
192,519
4,728,486
6,084,317

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2025 Page 23

Docusign Envelope ID: 1ABF80D5-413B-4DD0-8730-B2034F48BB73

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2025

2. INCOME (continued) Prior year detail

Donations and Legacies
Donations
Voluntary membership & sponsorship
Other
Sub-total
Charitable Activities
Grants
Oak Foundation
Open Society Foundations
Ford Foundation
Porticus
Bill & Melinda Gates Foundation
Anonymous Donors
National Endowment for Democracy
C. S. Mott Foundation
Luminate Projects Limited
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
The Migration Foundation
American Jewish World Service
Zenex Foundation
Rockefeller Brothers Fund
Lankelly Chase Foundation
MC2H Foundation
The Baring Foundation
Octava Foundation Limited
This Day Foundation
The Sam & Bella Sebba Charitable
Foundation
The Esmee Fairbairn Foundation
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
Hamrah
No
Resource to
Public
Funds
Partnership
Other
Unrestricted
Funds
Total
2024
£
£
£
£
£
£
£
£
£
£
£
£
157,826
-
-
-
287,640
-
-
-
-
-
-
445,466
-
-
-
-
-
-
-
-
-
-
402
402
157,826
-
-
-
287,640
-
-
-
-
-
402
445,868
157,826
-
-
-
287,640
-
-
-
-
-
402
445,868
65,000
-
-
-
-
226,970
1,281,118
-
-
-
-
1,573,088
143,572
558,934
-
-
-
-
558,807
-
-
-
1,261,313
86,825
-
560,229
-
-
395,091
-
-
-
-
-
1,042,145
-
-
103,421
-
-
-
-
-
-
-
-
103,421
-
-
-
-
7,847
-
-
-
-
-
-
7,847
-
-
148,373
-
3,911
-
-
-
-
-
-
152,284
-
-
19,594
-
-
-
-
-
-
-
-
19,594
7,913
-
114,953
-
-
-
-
-
-
-
-
122,866
116,335
-
-
-
-
-
-
-
-
-
-
116,335
22,250
-
-
-
-
-
-
-
-
-
-
22,250
-
55,000
-
-
-
-
-
-
100,000
-
-
155,000
60,000
-
-
-
-
-
-
-
-
-
-
60,000
-
-
30,000
-
-
-
-
-
-
-
-
30,000
128,969
-
-
-
-
-
-
-
-
-
-
128,969
-
-
51,001
-
-
-
-
-
-
-
-
51,001
-
27,500
-
-
-
-
-
-
12,500
-
-
40,000
-
-
(269)
-
-
-
-
-
-
-
-
(269)
-
-
-
-
11,384
-
-
-
-
-
-
11,384
-
95,000
-
-
-
-
-
-
-
-
-
95,000
8,562
-
-
-
-
-
-
-
-
-
-
8,562
-
5,000
-
-
-
-
-
-
-
-
-
5,000
3,857
-
-
-
-
-
-
-
-
-
-
3,857
-
-
-
-
36,359
-
-
-
-
-
-
36,359
4,119
-
-
-
-
-
-
-
-
-
-
4,119
10,000
-
-
-
-
-
-
-
-
-
-
10,000
-
-
-
-
29,909
-
-
-
-
-
-
29,909
30,000
-
-
-
-
-
-
-
-
-
-
30,000
-
-
-
-
45,696
-
-
-
-
-
-
45,696
-
50,000
-
-
-
-
-
-
-
-
-
50,000
-
-
-
-
-
-
-
-
50,000
-
-
50,000
-
50,000
-
-
-
-
-
-
-
-
-
50,000
-
-
-
-
-
-
-
-
-
-
-
-
687,402
282,500
1,586,236
-
135,106
622,061
1,128,118
558,807
162,500
-
-
5,315,730

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2025 Page 24

Docusign Envelope ID: 1ABF80D5-413B-4DD0-8730-B2034F48BB73

GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2025

2. INCOME

(continued)

Prior year detail

General Grantmaking
Porticus
Grapevine Foundation
Others
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
£
-
-
-		 Issues
Affecting
Women
UK
£
-
-
-		 Hamrah
No
Resource to
Public
Funds
Partnership
Other
Unrestricted
Funds
Total
2024
£
£
£
£
£
-
-
110,022
-
110,022
-
-
32,814
-
32,814
-
-
(221)
-
(221)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 -
-
-
-		 -
-
-
-		 -
-
-
-		 -
-
142,615
-
142,615
-
-
-
46,545
46,545
-
-
-
44,421
44,421
-
-
-
1,769
1,769
-
-
-
-		 - - - -
92,735
92,735
687,402
282,500
1,586,236
-		 135,106 622,061 1,281,118 558,807
162,500
142,615
92,735
5,551,080
-
-
-
-		 - - - -
87,369
87,369
845,228
282,500
1,586,236
-		 422,746 622,061 1,281,118 558,807
162,500
142,615
180,506
6,084,317

Of the Charity’s total turnover, 86% (2023/24: 79%) was attributable to geographical markets outside the UK.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2025 Page 25

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GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2025

3. EXPENDITURE: CHARITABLE ACTIVITIES

Charitable Activities
Hosting
Ariadne
Funders’ Initiative for Civil Society
HAMRAH
International Education Funders
Group
Issues Affecting Women UK
Migration Exchange
No Resource to Public Funds
Partnership
Philanthropy for Social Justice and
Peace
Incubation
Five Foundation
Narratives Network Initiative
General Grantmaking
Special Initiatives
Support Costs
Salaries
Outsourced Finance & Accounting
Audit Fee
Professional Fees
Other Support Costs		 Activities
Undertaken
Directly
Grant
Funding of
Activities
(Note 4)
Support
Costs
Total
2025
Total
2024
£
£
£
£
£
538,291
16,305
80,048
634,644
772,399
844,119
908,731
171,261
1,924,111
915,803
266,350
144,595
52,373
463,318
63,594
660,769
-
79,793
740,562
760,967
71,248
640,129
45,407
756,784
1,646,712
401,946
-
49,092
451,038
320,868
116,116
30,000
16,184
162,300
1,138
39,038
-
5,050
44,088
111,954		 Activities
Undertaken
Directly
Grant
Funding of
Activities
(Note 4)
Support
Costs
Total
2025
Total
2024
£
£
£
£
£
538,291
16,305
80,048
634,644
772,399
844,119
908,731
171,261
1,924,111
915,803
266,350
144,595
52,373
463,318
63,594
660,769
-
79,793
740,562
760,967
71,248
640,129
45,407
756,784
1,646,712
401,946
-
49,092
451,038
320,868
116,116
30,000
16,184
162,300
1,138
39,038
-
5,050
44,088
111,954
2,937,877
1,739,760
499,208
5,176,845
4,593,435
-
-
-
-
-
689,630
-
74,632
764,262
442,002
689,630
-
74,632
764,262
442,002
-
-
-
-
142,611
-
-
-
-
8,122
3,627,507
1,739,760
573,840
5,941,107
5,186,170
Governance
Function
General
Support
Total
2025
Total
2024
£
£
£
£
25,135
332,871
358,006
298,554
5,040
57,619
62,659
59,264
9,300
-
9,300
9,600
34,375
35,157
69,532
25,040
3,586
70,757
74,343
73,356
77,436
496,404
573,840
467,814

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 2025 Page 26

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GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2025

3. EXPENDITURE: CHARITABLE ACTIVITIES (continued)

Prior year detail

Prior year detail
Charitable Activities
Hosting
Ariadne
Funders’ Initiative for Civil Society
HAMRAH
International Education Funders
Group
Issues Affecting Women UK
Migration Exchange
No Resource to Public Funds
Partnership
Philanthropy for Social Justice and
Peace
Incubation
Five Foundation
Narratives Network Initiative
General Grantmaking
Special Initiatives
Support Costs
Salaries
Outsourced Finance & Accounting
Audit Fee
Professional Fees
Other Support Costs		 Activities
Undertaken
Directly
Grant
Funding of
Activities
(Note 4)
Support
Costs
Total
2024
£
£
£
£
634,041
60,434
77,924
772,399
658,856
157,991
98,956
915,803
55,434
-
8,160
63,594
616,870
63,705
80,392
760,967
81,306
1,466,603
98,803
1,646,712
288,246
-
32,622
320,868
1,016
-
122
1,138
92,589
5,000
14,365
111,954
2,428,358
1,753,733
411,344
4,593,435
-
-
-
-
394,299
1,332
46,371
442,002
394,299
1,332
46,371
442,002
87
133,485
9,039
142,611
7,062
-
1,060
8,122
2,829,806
1,888,550
467,814
5,186,170
Governance
Function
General
Support
Total
2024
£
£
£
25,074
273,480
298,554
4,800
54,464
59,264
9,600
-
9,600
17,087
7,953
25,040
831
74,525
75,356
57,392
410,422
467,814

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 2025 Page 27

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GLOBAL DIALOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2025

4. GRANT FUNDING OF ACTIVITIES

HOSTING
Ariadne
Green Web Foundation
Mozilla Foundation
Asociacion Civil Datos, Acceso a la Informacion y Transparencia (DATA)
Associação Centro Popular Audiovisual (CPA)
Funders' Initiative for Civil Society
The Transnational Institute
Marc Silver Ltd
Media Justice
Digital Freedom Fund
Nègès Mawon
Instituto Procomum
Women’s Legal and Human Rights Bureau
Asociación Civil Proyecto Integral en Seguridad y Modelos de
Administración de Justicia
Centro de Encuentros y Dialogos Interculturales
Anonymous Partner
Asociación de Mujeres Afrocolombianas Desplazadas en Resistencia
London School of Economics and Political Science
Human Security Collective
Institute of Development Studies
IntelWatch
International Center for Not-for-Profit Law
Libertarian Research & Education Trust
Saferworld USA
Issues Affecting Women UK
Project Tallawah
Ashiana Network
Latin American Women’s Rights Service
Chayn
Glitch
Faith and Violence Against Women and Girls Coalition
Standing Together Against Domestic Abuse
WinVisible
End Violence Against Women Coalition
Love and Power
Women’s Fund for Scotland
x:talk
Inclusive Mosque Initiative
Imkaan
Angelou Centre
Women Against Rape
Focus on Labour Exploitation
International Education Funders Group
Centro Lemann
Philanthropy for Social Justice and Peace
Fondo Socioambiental CASA
Subtotal		 2025
£
16,305
-
-
-
16,305
100,000
73,941
72,933
72,484
72,379
72,053
68,714
67,614
67,002
65,700
65,662
52,300
-
-
19,352
-
-
38,597
908,731
-
118,967
86,228
-
83,000
129,500
-
46,500
20,000
20,000
20,000
24,000
5,000
5,000
5,000
5,000
71,934		 2024
£
-
60,370
28
36
60,434
-
-
-
-
-
-
-
-
-
-
-
-
20,985
271
-
48,247
49,147
39,342
157,992
882,477
118,966
86,228
83,000
83,000
72,625
61,875
41,500
-
-
-
-
-
-
-
-
36,932
640,129
-		 1,466,603
63,705
-
-		 63,705
5,000
-
1,565,165		 5,000
1,753,734

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2025 Page 28

Docusign Envelope ID: 1ABF80D5-413B-4DD0-8730-B2034F48BB73

GLOBAL DIALOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2025

4 GRANT FUNDING OF ACTIVITIES (continued)

INCUBATION
Narratives Network Initiative
Alliance internationale francophone pour l’égalité et les diversités (Égides)
Fundación Abogados y abogadas del Noroeste argentino en derechos
humanos y estudios sociales (ANDHES)
Fundacion Mutante
HuMENA for Human Rights and Civic Engagement
Kas
Whose Knowledge
General Grantmaking
Fund for Global Human Rights
Larger Us/Collective Psychology Project
HAMRAH
Zan Times
Nimrokh Media
Afghanistan LGBTQ+ Organisation
Empowerment for Her
Learn Afghanistan
Asia Green Hut Organisation
Organization of Rahyab for Rehabilitation Services for the Blind (ORRSB)
Organisation for Social and Economic Development
Solidarity and Voice of Women (SADAA)
Samiullah Hamidee
Afghanistan Women Foundation
Omprakash Foundation
Support for Afghan Girls’ Education
Rahyab Trust
No Recourse to Public Funds Partnership
Refugee Women Connect
the3million Ltd
The RAMP Project
Grand total		 2025
£
-
-
-
-
-
-
-
-
-
-
15,728
15,728
15,711
15,595
15,569
7,856
7,856
7,856
7,856
7,856
7,856
7,681
7,521
3,926
144,595
10,000
10,000
10,000
30,000
1,739,760		 2024
£
314
310
222
222
30
233
1,331
103,485
30,000
133,485
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,888,550

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

General Grantmaking 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.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2025 Page 29

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GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2025

5.
FIXED ASSETS
GROUP AND CHARITY
Cost
As at 1stMay 2024
Additions
At 30thApril 2025
Depreciation
At 1stMay 2024
Charge during the Year
At 30thApril 2025
Net Book Value as at 30thApril 2025
Net Book Value as at 30thApril 2024
6.
FIXED ASSET INVESTMENTS
CHARITY
Unlisted investments		 Office
Equipment
£
36,884
11,570
48,454
25,948
10,368
36,316
12,138

10,936
2025
£
1		 Total
£
36,884
11,570
48,454
25,948
10,368
36,316
12,138
10,936
2024
£
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 2025 Page 30

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GLOBAL DIALOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2025

7. DEBTORS

Grants Receivable
Other Debtors
Prepayments
Intercompany debtor
Other
8.
CREDITORS
Grants Payable
Trade Creditors
Deferred Income
Sundry creditors and accruals
9.
DEFERRED INCOME
Brought Forward
Amount Released in the Year
Further Deferrals in the Year
Carried Forward		 GROUP
CHARITY
2025
2024
2025
2024
£
£
£
£
264,656
684,141
264,656
684,141
107,760
71,812
55,506
46,763
31,984
30,214
31,984
30,214
-
-
45,810
57,636
42,798
13,021
42,798
13,021
447,198
799,188
440,754
831,775
GROUP
CHARITY
2025
£
2024
£
2025
£
2024
£
239,258
-
239,258
-
224,632
119,480
195,296
110,310
7,116
334,282
7,116
334,282
90,215
46,546
89,015
45,346
561,221
500,308
530,685
489,938
GROUP
CHARITY
2025
£
2024
£
2025
£
2024
£
334,282
48,630
334,282
48,630
(330,166)
(34,397)
(330,166)
(34,397)
3,000
320,049
3,000
320,049
7,116
334,282
7,116
334,282		 GROUP
CHARITY
2025
2024
2025
2024
£
£
£
£
264,656
684,141
264,656
684,141
107,760
71,812
55,506
46,763
31,984
30,214
31,984
30,214
-
-
45,810
57,636
42,798
13,021
42,798
13,021
447,198
799,188
440,754
831,775
GROUP
CHARITY
2025
£
2024
£
2025
£
2024
£
239,258
-
239,258
-
224,632
119,480
195,296
110,310
7,116
334,282
7,116
334,282
90,215
46,546
89,015
45,346
561,221
500,308
530,685
489,938
GROUP
CHARITY
2025
£
2024
£
2025
£
2024
£
334,282
48,630
334,282
48,630
(330,166)
(34,397)
(330,166)
(34,397)
3,000
320,049
3,000
320,049
7,116
334,282
7,116
334,282

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2025 Page 31

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GLOBAL DIALOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2025

10. MOVEMENTS IN FUNDS
GROUP 1st May 30th April 30th April
2023 Income Expenditure Transfers 2024 Income Expenditure Transfers 2025
Restricted Funds
Hosting
Ariadne 585,828 843,721 (746,126) 8,808 692,231 427,120 (601,429) 25,650 540,242
Funders’ Initiative for Civil 1,519,051 1,587,527 (912,640) 42,445 2,236,383 1,163,193 (1,931,457) 762 1,468,881
Society
HAMRAH - 558,807 (63,749) - 495,058 389,071 (465,191) - 418,938
International Education 404,036 423,556 (761,376) 8,384 74,600 700,685 (735,202) 29,868 69,951
Funders Group
Issues Affecting Women UK 1,125,061 1,281,118 (1,646,712) - 759,467 (2,684) (756,784) - (1)
Migration Exchange 333,328 282,500 (320,199) - 295,629 912,750 (452,870) - 755,509
No Resource to Public Funds - 162,500 (1,138) - 161,362 211,000 (162,300) - 210,062
Philanthropy for Social 189,886 - (112,227) - 77,659 - (44,266) - 33,393
Justice and Peace
4,157,190 5,139,729 (4,564,167) 59,637 4,792,389 3,797,805 (5,149,499) 56,280 3,496,975
Incubation
Narratives Network Initiative 363,165 627,769 (443,107) - 547,827 656,944 (767,406) - 437,365
363,165 627,769 (443,107) - 547,827 656,944 (767,406) - 437,365
General Grantmaking - 142,611 (142,611) - - - - - -
Special Initiatives 8,122 - (8,122) - - - - - -
4,528,477 5,910,109 (5,158,007) 59,637 5,340,216 4,454,749 (5,916,905) 56,280 3,934,340
Unrestricted Funds
General Funds 127,676 180,403 (28,163) (59,637) 220,279 191,992 (24,202) (56,280) 331,789
TOTAL FUNDS 4,656,153 6,090,512 (5,186,170) - 5,560,495 4,646,741 (5,941,107) - 4,266,129

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 2025 Page 32

Docusign Envelope ID: 1ABF80D5-413B-4DD0-8730-B2034F48BB73

GLOBAL DIALOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2025

10. MOVEMENTS IN FUNDS
CHARITY 1st May 30th April 30th April
2023 Income Expenditure Transfers 2024 Income Expenditure Transfers 2025
Restricted Funds
Hosting
Ariadne 585,828 843,721 (746,126) 8,808 692,231 423,790 (601,429) 26,650 540,242
Funders’ Initiative for Civil 1,519,051 1,587,527 (912,640) 42,445 2,236,383 1,163,193 (1,931,457) 762 1,468,881
Society
HAMRAH - 558,807 (63,749) - 495,058 389,071 (465,191) - 418,938
International Education 404,036 423,556 (761,376) 8,384 74,600 700,685 (735,202) 29,868 69,951
Funders Group
Issues Affecting Women UK 1,125,061 1,281,118 (1,646,712) - 759,467 (2,684) (756,784) - (1)
Migration Exchange 333,328 282,500 (320,199) - 295,629 912,750 (452,870) - 755,509
No Resource to Public Funds - 162,500 (1,138) - 161,362 211,000 (162,300) - 210,062
Philanthropy for Social 189,886 - (112,227) - 77,659 - (44,266) - 33,393
Justice and Peace
4,157,190 5,139,729 (4,564,167) 59,637 4,792,389 3,797,805 (5,149,499) 56,280 3,496,975
Incubation
Narratives Network Initiative 363,165 627,769 (443,107) - 547,827 656,944 (767,406) - 437,365
363,165 627,769 (443,107) - 547,827 656,944 (767,406) - 437,365
General Grantmaking - 142,611 (142,611) - - - - - -
Special Initiatives 8,122 - (8,122) - - - - - -
4,528,477 5,910,109 (5,158,007) 59,637 5,340,216 4,454,749 (5,916,905) 56,280 3,934,340
Unrestricted Funds
General Funds 127,676 180,403 (28,163) (59,637) 220,279 147,349 20,441 (56,280) 331,789
TOTAL FUNDS 4,656,153 6,090,512 (5,186,170) - 5,560,495 4,602,098 (5,896,464) - 4,266,129

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 2025 Page 33

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11.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
GROUP
Restricted
Funds
£
Fixed Assets
-
Current Assets
4,451,642
Current Liabilities
(517,302)
Total
3,934,340
£
Fixed Assets
-
Current Assets
5,820,704
Current Liabilities
(480,488)
Total
5,340,216
CHARITY
Restricted
Funds
£
Fixed Assets
-
Current Assets
4,444,002
Current Liabilities
(509,662)
Total
3,934,340
£
Fixed Assets
-
Current Assets
5,816,719
Current Liabilities
(476,503)
Total
5,340,216		 Unrestricted
Funds
£
12,138
363,570
(43,919)
331,789
£
10,936
229,163
(19,820)
220,279
Unrestricted
Funds
£
12,139
340,673
(21,023)
331,789
£
10,937
222,777
(13,435)
220,279		 Total
2025
£
12,138
4,815,212
(561,221)
4,266,129
2024
£
10,936
6,049,867
(500,308)
5,560,495
Total
2025
£
12,139
4,784,675
(530,685)
4,266,129
2024
£
10,937
6,039,496
(489,938)
5,560,495

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2025 Page 34

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12.
STAFF COSTS AND NUMBERS
Salaries
Tax and Social Security
Pension		 2025
£
1,233,028
132,001
46,741
£1,411,770		 2024
£
1,069,589
122,585
41,339
£1,233,513

The average number of full-time equivalent employees during the year was 19 (2023/24: 17). The average number of employees during the year was 21 (2023/24: 20).

The number of staff whose emoluments were in excess of £60,000 during the year were as follows:

£60,001 - £70,000
£70,001 - £80,000
£80,001 - £90,000
£90,001 - £100,000
£100,001 - £110,000
£110,001 - £120,000
£120,001 - £130,000
£130,001 - £140,000		 2
3
1
1
3
-
1
1
-
2
-
-
1
-
1
-
9
7

Global Dialogue uses an Employer of Record to employ international staff on its behalf. In 2024/25, 9 staff were employed in 9 countries (Belgium, Chile, Denmark, France, Germany, Kenya, Netherlands, Slovenia and Trinidad & Tobago) and total staff costs for the year were £723,632 (2023/24: 9 staff were employed in 7 countries (Belgium, Chile, Denmark, France, Germany, Kenya and Slovenia) and total staff costs were £487,184).

13. PENSIONS

The Group operates an auto-enrolment pension scheme with The Peoples Pension which commenced in April 2017. All UK 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 paid one trustee remuneration during the year as follows (2024/25: £2,100): Walter Veirs: £9,100 for consultancy services provided to the Funders' Initiative for Civil Society in relation to Civic Futures Security Frameworks. This was approved by the Board and reflects the time commitment and responsibilities associated with the role.

The Group reimbursed £3,106 to its trustees for travel and subsistence expenses during the year for fulfilling their duties to the Group. In the prior year, there were no trustee reimbursements.

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2025 Page 35

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15. KEY MANAGEMENT PERSONNEL

The key management personnel of the Group are those staff 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 Operations, Director of Programmes, Director of Ariadne, Director of FICS, Director of HAMRAH, Director of IEFG, and the CoDirectors of MEX. The total compensation of key management personnel amounted to £774,315 (2024/25: £601,494), the increase being attributable to two new roles on the core team.

16. RELATED PARTY TRANSACTIONS

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

Trustee or senior
staff/consultant		 Organisation Nature of relationship
to Global Dialogue
Walter Veirs Senior Program Officer, Central
and Eastern Europe, Charles
Stewart Mott Foundation		 Funder

Other than the above and as disclosed in note 14, 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;

Incoming resources
Gift Aid donation from subsidiary company
Charitable activities
Exchange rate gains/(losses)
Net incoming resources
Total funds brought forward
Total funds carried forward
Represented by:
Unrestricted funds
Restricted funds		 2025
£
4,629,507
54,336
4,683,843
(5,896,464)
(81,745)
(1,294,366)
5,560,495
4,266,129
331,789
3,934,340
4,266,129		 2024
£
5,991,582
56,001
6,047,583
(5,149,627)
6,386
904,342
4,656,153
5,560,495
220,279
5,340,216
5,560,495

Global Dialogue Annual Report and Financial Statements for the year ended 30 April 2025 Page 36

Docusign Envelope ID: 1ABF80D5-413B-4DD0-8730-B2034F48BB73

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 period ended 30 April 2025.

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		 2025
£
98,979
(44,643)
-
54,336
-
(54,336)
-
76,347
(76,346)
1
1		 2024
£
92,735
(36,543)
(191)
56,001
-
(56,001)
-
68,007
(68,006)
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 2025 Page 37