OpenCharities

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

← Dialogue Earth

2023-12-31-accounts

REGISTERED COMPANY NUMBER: 06477262 (England and Wales) REGISTERED CHARITY NUMBER: 1125378

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

DIALOGUE EARTH

(A COMPANY LIMITED BY GUARANTEE)

Chariot House Limited Chartered Accountants and Statutory Auditor 44 Grand Parade Brighton BN2 9QA

DIALOGUE EARTH

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

Page
Report of the Trustees 1 to 9
Report of the Independent Auditors 10 to 13
Statement of Financial Activities 14
Balance Sheet 15 to 16
Cash Flow Statement 17
Notes to the Cash Flow Statement 18
Notes to the Financial Statements 19 to 31

DIALOGUE EARTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023

The Trustees, who are also Directors of the Company for the purposes of Company Law, present their annual report and audited financial statements for the year ended 31 December 2023.

INTRODUCTION

Dialogue Earth (known as China Dialogue Trust during the period covered by these accounts) has a long-standing track record of promoting accurate information about climate change and educating the public about environmental issues.

Conflicts and contests for power dominate the headlines. Meanwhile, the climate emergency is accelerating rapidly and is now both a direct threat and threat multiplier. The world must halve global greenhouse-gas emissions before 2030 to keep global temperature rise below 1.5 degrees. We must achieve this while protecting ecological integrity and ensuring social justice. China, the world's biggest emitter, has a central role. Despite growing tensions, dialogue and understanding remains essential.

Dialogue Earth focuses on improving global awareness of climate change, environmental protection, sustainable development, and the need for a low-carbon future. Our online platform https://dialogue.earth provides high-quality environmental education content, including research reports, policy briefs, and book reviews on environmental and climate change issues and the related effects of China's trade and investment, particularly in developing countries. This stimulates the exchange of information and ideas among our key target audiences.

Dialogue Earth today is internationally recognised for its unique model, which brings local voices to global audiences and stories of hope, action and change to stakeholders and communities. Dialogue Earth also advances communication and cooperation on climate change through activities such as workshops and forums. Through capacity building, Dialogue Earth supports related organisations to make informed decisions based on a sound bedrock of accurate information.

Besides climate change, Dialogue Earth is also dedicated to raising public awareness of other environmental challenges including pollution prevention, the impact of extractive industries, marine environmental protection and biodiversity conservation. Since it was founded in 2006, then as the platform www.chinadialogue.net, Dialogue Earth has promoted dialogue on environmental protection, introducing the progress of China's environmental protection to the English-speaking world through its multilingual websites while bringing the experience of international sustainable development to a Chinese audience.

We seek to bring light, rather than heat, to crucial debates, and to identify solutions to complex problems.

In 2024, we renamed China Dialogue Trust as Dialogue Earth to better reflect our current strategy. We consolidated our flagship online platform, 'China Dialogue' and our other environmental communications projects: The Third Pole, Diálogo Chino and China Dialogue Ocean onto a single website in multiple languages

Dialogue Earth is headquartered in London, United Kingdom, and has teams based in South and Southeast Asia, Africa and Latin America. We are committed to accurately portraying China's development impacts across the Global South through geopolitically even-handed reporting and constructive dialogue. Our approach is delivered through reporting in multiple languages, workshops, and media partnerships.

Page 1

DIALOGUE EARTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects for which Dialogue Earth is established are:

a. To advance the education of the public (including in particular the public of the People's Republic of China and across the Global South) in the conservation, protection and improvement of the physical and natural environment; and

b. To promote for the benefit of the public the conservation, protection and improvement of the physical and natural environment and, in particular, but not so as to restrict the preceding wording, the physical and natural environment in the People's Republic of China.

Page 2

DIALOGUE EARTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023

OBJECTIVES AND ACTIVITIES Activities, Achievements and Performance Review of the period

Through 2023, we have continued to make a meaningful contribution to create higher public awareness about the environmental challenges faced by the world and to facilitate conversations about solutions to our environmental problems and China's unique role in these. Dialogue Earth has been carrying out its valuable work through a range of online activities including workshops, seminars and information distribution.

The year saw staff transitions. Our Founder, Isabel Hilton, moved on from the organisation after 17 years of dedicated and visionary work that enabled the organisation to prosper and flourish. Isabel stepped down from her role as CEO at the beginning of 2021 thereafter and continued her work as our Founder, supporting our current CEO, Sam Geall, during a transitional period. Her work leaves an invaluable legacy and the team is honoured to have worked with her.

In September, we hosted our inaugural Founders Lecture, at which Isabel reflected on her journey with the organisation. This brought together staff, trustees and supporters in an evening of celebration and anticipation of new beginnings.

During the period covered by this report, Dialogue Earth's activities has included:

Page 3

DIALOGUE EARTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023

OBJECTIVES AND ACTIVITIES

Dialogue Earth's CEO, Sam Geall, represented the organisation at a number of key events throughout the year, including; speaking at the Oxford University China-Africa Network 2023 conference with a discussion on the future of China's overseas finance, and the role of Chinese capital and technology in climate action in Africa; joining a panel with Dr. Chunping Xie, LSE and Professor Denise van der Kamp, Oxford School of Global and Area Studies to discuss climate, energy and environment at the Sino-UK PolicyLab event at the UK Houses of Parliament for cross-sector knowledge exchange on China in the Integrated Review Refresh; giving an overview of climate policy, the green stimulus, insights ahead of COP28, and on the methane action plan at Oxford Institute of Energy Studies for their China Energy Research Programme. In Bangkok, Sam delivered a speech to the Australian Embassy on the role of China in Southeast Asia's energy transitions.

Throughout 2023, Dialogue Earth continued to work to raise awareness of key climate change and environmental concerns. These include:

We sought to ensure that key audiences such as policymakers, environmental professionals and general public in multiple geographies including China, Latin America, Africa, South and Southeast Asia, Europe and the UK had access to high-quality, in-depth information about these topics. Key themes in our provision of information included the global trade in fish and seafood and its impact on ocean health and communities; efforts to make the supply chain for palm oil more sustainable; the impact of climate change on the glaciers of the Hindu Kush Himalaya region; and the changing social and environmental footprint of China's trade and investment in Latin America.

Partnership and collaboration

We continue to work closely with many partners, networks and organisations internationally, including: CANGO, FESCO, ACEF, CREA, China Blue, the Roundtable on Sustainable Palm Oil (RSPO), the Raoul Wallenberg Institute; the University of Nairobi; Wits University, Johannesburg; the China Global South Project; Climate Tracker; Global Development Policy Center, Boston University; The Millennium Nucleus on the Impacts of China in Latin America and the Caribbean (ICLAC), Chile; ClimateTracker, The University of The Gambia, Chulalongkorn University, Bangkok; International Centre for Integrated Mountain Development (ICIMOD), Nepal; the World Bank; Southeast Asia Globe (until its closure); and Eco-Business, Singapore.

Public benefit

In shaping our objectives and planning our activities for the year, the Trustees have given consideration to the duties set out in section 17(5) of the Charities Act 2011 to have due regard to public benefit and to the Charity Commission Guidance on public benefit. In particular, the Trustees have considered how the planned activities will contribute to the overall aims and objectives that they have set.

The Trustees believe that the preceding paragraphs, specifically on the "Objectives and Aims" and "Activities, Achievements and Performance" for the year, relate in detail the benefit that the Charity provides to the public.

Page 4

DIALOGUE EARTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023

FINANCIAL REVIEW

Financial position

Our financial year runs from January 1st to December 31st.

In 2023, the charity ran a deficit of £214,433 on total income of £2,603,630 (2022: deficit of £327,046 on income of £2,702,141). At 31 December 2023, the charity held funds totalling £1,228,401 (2022: £1,442,834).

Remuneration statement

To set the pay and rewards properly for employees there is a need to make informed judgements as well as adhering to the Dialogue Earth governance and constitutional arrangements. Trustees are legally and constitutionally responsible for setting rates of pay and this responsibility cannot and should not be wholly delegated to private agencies or independent experts.

In deciding on levels of pay for all staff the following factors will be taken into account, the purpose aims and values of Dialogue Earth, competences, the strategic plan and need, ability to pay, performance, the wider 'employment offer' and recruitment and retention. These factors are not exclusive, and any decision will inevitably include an element of discretion on the part of trustees.

Reserves Policy

The trustees recognise the need to hold reserves to allow protection of core activities in the event of income shortfalls and to promote balanced, long-term strategic planning to enable the charity to carry out its objectives.

The trustees have in the year reviewed the needs, risks and opportunities faced by the charity, along with relevant financial forecasts and analyses. Based on this review the trustees recognised the need to hold a general reserve and that the size of this reserve should be related to the level of ongoing financial commitments. The trustees decided that as a guide the organisation should aim to keep its general reserves at a level equalling approximately three months of core expenditure. Core expenditure is calculated to include staff costs and committed overheads. The guide level of reserves at the end of December 2023 should be approximately £270,000. At the year end, the general reserves of the charity stood at £365,195 (2022: £297,186). Please refer to the balance sheet on page 15 to see how the general reserves figure is arrived at.

Going concern

The trustees note that Dialogue Earth has reported a deficit in both 2023 and 2022, however this is following surpluses in 2021 and 2020 in particular when the charity experienced a sharp increase in funding. Accordingly, restricted funds have been spent down as the charity delivered projects funded in previous financial periods. Dialogue Earth continues to benefit from long-standing relationships with key funders, and having considered the value of pledged and prospective funding as well as cash flow forecasts the trustees are of the opinion that the charity remains a going concern. This assessment has been made in respect of a period of at least one year from the date of approval of these accounts.

FUTURE PLANS

As outlined above, in early 2024, the China Dialogue Trust was legally renamed and rebranded as Dialogue Earth, the first major milestone in its new strategy to build on the work of the last 17 years by repositioning itself to more effectively reach a global audience and to continue to build its reputation, extend its networks and develop new partnerships.

Throughout the year, we aim to:

Page 5

DIALOGUE EARTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

i. Structure

Dialogue Earth was incorporated as a company limited by guarantee on 18 January 2008 and obtained charitable status on 6 August 2008. In accordance with a legal transfer of undertakings dated 23 October 2008, the assets and liabilities of China Dialogue Ltd. (Company Registration Number: 05825437) were transferred to the charity as at midnight on 30 September 2008.

The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Under those Articles, the Trustees are elected at the Annual General Meeting to serve for a period of three years.

The Members have guaranteed to contribute a maximum of £1 each in the event of the company being wound up.

The charity set up a trading subsidiary, Dialogue Services Ltd. (Company Registration Number: 8854972), which was incorporated on 21st January 2014. The trading subsidiary supports our revenue stream from translation services and occasional consultancy services.

ii. Governance

The charity receives generous support from its executive board. The executive board meets three times a year to evaluate the governance of the charity and advise on its long-term strategy. The finance, audit and risk committee supports the board in their responsibility for ensuring the adequacy of risk management, internal control and governance arrangements, and that charity funds are used efficiently and effectively. In 2023, the trustees established a board sub-committee to support the executive team with fundraising, named the development committee. Additionally, the nominations committee supports the board in the ongoing and timely recruitment and appointment of Trustees to the executive board and committees.

iii. Management

The trustees meet regularly throughout the year and are inducted through detailed briefings.

New trustees are recommended to the board by existing members or by the chief executive officer based on their experience and expertise of the charity's work. Trustees are supported by the Chair and onboarded by the COO and CEO, Trustees joining the finance, audit and risk committee receive a further induction with the finance team. Training opportunities are shared with the board on an ad hoc basis.

The chief executive officer of Dialogue Earth is Sam Geall, working closely with Tallulah Staple, the chief operating officer. The Dialogue Earth website is managed by the editorial and digital teams in London under the direction of the managing editor, Chris Davy and Lushan Huang, our production manager. Our China team, based in London, is led by our China director, Lin Zi.

The South and Southeast Asia teams are managed by Soraya Kishtwari, Asia Pacific editor, supported by our South Asia managing editor, Omair Ahmed, based in Delhi, India, and regional team members in India, Nepal, Bangladesh, Pakistan, Thailand, Vietnam and Indonesia

The Latin America team is managed by Pat Moore, our Latin America Editor, supported by our Latin America managing Editor, Fermin Koop, in Argentine, and regional team members in Brazil, Mexico, Peru and Argentina.

Our Global China project manager, Tom Baxter supports our Africa team, and Daniel Cressey our ocean editor coordinates our marine focused work.

Page 6

DIALOGUE EARTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Key risks

The senior management team maintains a risk register which is reviewed in-depth annually by the finance, audit and risk committee and is shared with the full board. Throughout the year, the predominant risks identified were geopolitical and relate to sensitivity to working with China. The mitigation for this risk has been addressed through our strategy, and through the rebranding from China Dialogue Trust to Dialogue Earth.

A further risk to the charity relates to cyber security and IT systems. As a result of this identified risk, significant work - led by a cyber security expert and supported by our operations team - has been undertaken across the year to strengthen the organisation and mitigate this threat.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 06477262 (England and Wales)

Registered Charity number 1125378

Registered office

15 Printing House Yard Perseverance Works London E2 7PR

Trustees

D T Burke (resigned 11/7/2023) Ms S Hitch D L Horn-Phathanothai Ms C Holtum J Harkness T Walkley (resigned 5/3/2024) Ms J Zhou D Thomas M Savage Dr L Lush Dr C O Odote (appointed 11/7/2023) Ms J MacNaughton (appointed 25/8/2023)

Company Secretary

Ms T Staple

Senior Statutory Auditor Shona Wardrop C.A.

Auditors

Chariot House Limited Chartered Accountants and Statutory Auditor 44 Grand Parade Brighton BN2 9QA

Page 7

DIALOGUE EARTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023

REFERENCE AND ADMINISTRATIVE DETAILS Contact Details Chief Executive Officer

Dr S Geall

Telephone number

07542 52 5859

Website

www.chinadialogue.net

Bankers

HSBC Bank PLC 74 Goswell Road Clerkenwell London EC1V 7DA

CHANGE OF NAME

The charitable company passed a special resolution on 4th April 2024 changing its name from China Dialogue Trust to Dialogue Earth.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Dialogue Earth 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).

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:

Page 8

DIALOGUE EARTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023

AUDITORS

The Auditors, Chariot House Limited, are willing to continue in office and a resolution to re-appoint them will be proposed at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 5th September 2024 and signed on its behalf by:

Ms J MacNaughton - Trustee

Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DIALOGUE EARTH

Opinion

We have audited the financial statements of Dialogue Earth (the 'charitable company') for the year ended 31st December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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 (United Kingdom Generally Accepted Accounting Practice).

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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 charitable company'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 trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

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.

In connection with our audit of the financial statements, 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 this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material 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:

Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DIALOGUE EARTH

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

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

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, 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 charitable 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 charitable company or to cease operations, or have no realistic alternative but to do so.

Page 11

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DIALOGUE EARTH

Our 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 a Report of the Independent Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the charitable company and the industry in which it operates, and considered the risk of acts by the charitable company that were contrary to applicable laws and regulations, including fraud. We identified that the following laws and regulations are central to the charitable company:

We did not find any instances of non-compliance or breaches of the legislation framework applicable to the charitable company.

We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We identified that the following areas were of high risk:

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006, UK tax legislation, Charities Act 2011 and Charities SORP 2019. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and enquiries of legal counsel when considered necessary. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of management bias by the directors that represented a risk of material misstatement due to fraud.

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 Report of the Independent Auditors.

Page 12

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DIALOGUE EARTH

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 auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Shona Wardrop C.A. (Senior Statutory Auditor) for and on behalf of Chariot House Limited Chartered Accountants and Statutory Auditor 44 Grand Parade Brighton BN2 9QA

Date: 9[th] September 2024

Page 13

DIALOGUE EARTH

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST DECEMBER 2023

Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
3
Environment and Climate Change
Investment income
2
Total
EXPENDITURE ON
Charitable activities
4
Environment and Climate Change
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
1,258,949
7,928
1,266,877
1,252,562
14,315
418,356
432,671		 Restricted
funds
£
1,336,753
-
1,336,753
1,565,501
(228,748)
1,024,478
795,730		 2023
Total
funds
£
2,595,702
7,928
2,603,630
2,818,063
(214,433)
1,442,834
1,228,401		 2022
Total
funds
£
2,702,020
121
2,702,141
3,029,187
(327,046)
1,769,880
1,442,834

The notes form part of these financial statements

Page 14

DIALOGUE EARTH (REGISTERED NUMBER: 06477262)

BALANCE SHEET 31ST DECEMBER 2023

Notes
FIXED ASSETS
Tangible assets
10
Investments
11
CURRENT ASSETS
Debtors
12
Cash at bank
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
15
Unrestricted funds:
General fund
Beijing operations fund
Fixed Asset designated fund
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
17,433
100
17,533
238,066
263,974
502,040
(86,902)
415,138
432,671
432,671		 Restricted
funds
£
-
-
-
-
795,730
795,730
-
795,730
795,730
795,730		 2023
Total
funds
£
17,433
100
17,533
238,066
1,059,704
1,297,770
(86,902)
1,210,868
1,228,401
1,228,401
365,195
50,043
17,433
432,671
795,730
1,228,401		 2022
Total
funds
£
18,700
100
18,800
180,018
1,350,551
1,530,569
(106,535)
1,424,034
1,442,834
1,442,834
297,186
102,470
18,700
418,356
1,024,478
1,442,834

The notes form part of these financial statements

continued...

Page 15

DIALOGUE EARTH (REGISTERED NUMBER: 06477262)

BALANCE SHEET - continued 31ST DECEMBER 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 5[th] September 2024 and were signed on its behalf by:

J MacNaughton - Trustee

The notes form part of these financial statements

Page 16

DIALOGUE EARTH

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST DECEMBER 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period		 2023
£
(289,534)
(289,534)
(9,241)
7,928
(1,313)
(290,847)
1,350,551
1,059,704		 2022
£
(337,912)
(337,912)
(23,396)
121
(23,275)
(361,187)
1,711,738
1,350,551

The notes form part of these financial statements

Page 17

DIALOGUE EARTH

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2023

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Interest received
(Increase)/decrease in debtors
Decrease in creditors
Net cash used in operations		 2023
£
(214,433)
10,508
(7,928)
(58,048)
(19,633)
(289,534)		 2022
£
(327,046)
5,600
(121)
59,131
(75,476)
(337,912)

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank
Total		 At 1/1/23
£
1,350,551
1,350,551
1,350,551		 Cash flow
£
(290,847)
(290,847)
(290,847)		 At 31/12/23
£
1,059,704
1,059,704
1,059,704

The notes form part of these financial statements

Page 18

DIALOGUE EARTH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the 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) (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, with the exception of investments which are included at market value.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, and on that basis the charity is considered to be a going concern.

Preparation of consolidated financial statements

The financial statements do not contain consolidated financial information as the parent of a group. The subsidiary undertaking has been excluded from consolidation as its inclusion is not material for the purpose of giving a true and fair view.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Where grants are received during the year under review but any terms and conditions have not yet been met and the charity does not therefore have entitlement to the funds, the grant is deferred under Grants in Advance in the Balance Sheet.

Grants from government and other agencies have been included as voluntary income where the money is given in response to an appeal or with greater freedom of use, for example monies for core funding

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to projects on a basis consistent with the use of resources.

Charitable activities and support cots

The costs of charitable activities comprise expenditure on the Trust's primary charitable purposes as described in the Trustees' Report. Such costs include the costs of maintaining, editing and developing the website.

Support costs represent indirect charitable expenditure. In order to carry out the activities of the Charity it is necessary to provide support in the form of personnel development, financial procedures, provision of office services and equipment and a suitable working environment.

These costs are allocated out to the activities they are supporting on the basis described in the notes.

Tangible fixed assets

Recognition and measurement Fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

continued...

Page 19

DIALOGUE EARTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

All assets costing more than £500 and with an expected useful life exceeding one year are capitalised, except where funded by Restricted grants and then they are written off in the year of purchase, and are stated at cost less depreciation.

Depreciation

All tangible fixed assets, are depreciated on the straight-line method over their estimated useful lives as follows:

Computer equipment - 3 years.

Taxation

The Charity is considered to pass the tests set out in paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK Corporation Taxes Purposes. Accordingly the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Fund accounting

The Charity has various types of funds for which it is responsible:-

Unrestricted funds - are donations and other incoming resources receivable or generated for the objects of the Charity without further specified purpose and are available as general funds.

Restricted funds - comprise monies raised for, or their use restricted to, a specific purpose or contributions subject to donor imposed conditions.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements or in the Trustees' report for Restricted funds.

Leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged on a straight-line basis over the lease term.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, the charity is required to make judgments, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors considered to be relevant. Actual results may differ from these estimates.

continued...

Page 20

DIALOGUE EARTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023

1. ACCOUNTING POLICIES - continued

Judgements and key sources of estimation uncertainty

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both the current and future periods.

There are no estimates and assumptions that are considered to have a significant risk of causing a material adjustments to the financial statements in a future period.

Financial instruments

The charity has only financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and are subsequently measured at their settlement value with the exception of bank loans which are measured at amortised cost using the effective interest method.

Financial Assets

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any discounts due.

Financial Liabilities

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.

2. INVESTMENT INCOME

INVESTMENT INCOME
2023 2022
£ £
Deposit account interest 7,928 121

continued...

Page 21

DIALOGUE EARTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023

3. INCOME FROM CHARITABLE ACTIVITIES

Activity
Project Income - Other Fees
Receivable
Environment and Climate Change
Grants and Donations
Environment and Climate Change
Grants received, included in the above, are as follows:
European Climate Foundation
Rockefeller Brothers Foundation
Henry Luce Foundation
Oak Foundation
Waterloo Foundation
Packard Foundation
Moore Foundation
Hewlett Foundation
Raoul Wallenberg Institute
Woodrow Wilson Center
Other Grants
Mott Foundation
Children Investment Fund
African Climate Foundation
State University of Michigan
Tara Climate
IMS		 2023
£
302,778
2,292,924
2,595,702
2023
£
173,266
240,098
56,724
348,334
40,000
285,187
-
228,839
171,523
9,485
61,125
131,169
245,363
267,686
1,938
31,342
845
2,292,924		 2022
£
168,479
2,533,541
2,702,020
2022
£
779,185
244,101
49,473
-
10,000
370,325
316,575
220,082
44,173
4,763
229,678
43,942
221,244
-
-
-
-
2,533,541

continued...

Page 22

DIALOGUE EARTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023

4. CHARITABLE ACTIVITIES COSTS

Environment and Climate Change
5.
SUPPORT COSTS
Environment and Climate Change
Support costs, included in the above, are as follows:
Management		 Direct
Costs
£
2,329,232		 Support
costs (see
note 5)
£
488,831		 Totals
£
2,818,063
Management
£
488,831
2023
Environment
and
Climate
Change
£
Establishment
154,658
Office
105,367
Legal and Professional
10,786
Accountancy
42,168
Other
24,540
Website
53,754
Audit
7,200
Currency revaluation
79,850
Depreciation of tangible and heritage assets
10,508
488,831		 2022
Total
activities
£
120,314
145,908
1,438
33,025
18,714
77,146
6,000
(139,953)
5,600
268,192

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£ £
Depreciation - owned assets 10,508 5,600
Auditors' remuneration 5,000 3,800
Auditors' remuneration - non audit services 2,200 2,200

continued...

Page 23

DIALOGUE EARTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022.

Trustees' expenses

Expenses totalling £2,521 in respect of travel reimbursements were paid to 4 Trustees (2022: £nil) during the year.

8. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
Redundancy and settlement		 2023
£
1,119,437
121,961
38,429
33,393
1,313,220		 2022
£
974,163
111,362
32,729
-
1,118,254

The average monthly number of employees during the year was as follows:

Editorial
Administration		 2023
23
3
26		 2022
21
3
24

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£60,001 - £70,000
£70,001 - £80,000
£80,001 - £90,000
£90,001 - £100,000		 2023
1
1
2
-
4		 2022
-
2
-
1
3

Key Management (being the Trustees and senior management team) remuneration (comprising gross salary, employers' national insurance and employers' pension) totalled £400,141 (2022:£312,296).

continued...

Page 24

DIALOGUE EARTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Environment and Climate Change
614,449
Investment income
121
Total
614,570
EXPENDITURE ON
Charitable activities
Environment and Climate Change
678,476
NET INCOME/(EXPENDITURE)
(63,906)
RECONCILIATION OF FUNDS
Total funds brought forward
482,263
TOTAL FUNDS CARRIED FORWARD
418,357
10.
TANGIBLE FIXED ASSETS
COST
At 1st January 2023
Additions
Disposals
At 31st December 2023
DEPRECIATION
At 1st January 2023
Charge for year
Eliminated on disposal
At 31st December 2023
NET BOOK VALUE
At 31st December 2023
At 31st December 2022		 Restricted
funds
£
2,087,571
-
2,087,571
2,350,711
(263,140)
1,287,617
1,024,477		 Total
funds
£
2,702,020
121
2,702,141
3,029,187
(327,046)
1,769,880
1,442,834
Computer
equipment
£
33,162
9,241
(4,853)
37,550
14,462
10,508
(4,853)
20,117
17,433
18,700

continued...

Page 25

DIALOGUE EARTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023

11. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Unlisted
investments
£
MARKET VALUE
At 1st January 2023 and 31st December 2023 100
NET BOOK VALUE
At 31st December 2023 100
At 31st December 2022 100

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

Dialogue Services Limited

Registered office:

Nature of business: translation and interpreting

%
Class of share:
holding
Ordinary
100
Aggregate capital and reserves
The result for the year was £nil (2022: ££nil).
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 2023
£
100
2023
£
167,886
836
28,584
40,760
238,066		 2022
£
100
2022
£
102,470
324
33,324
43,900
180,018

The result for the year was £nil (2022: ££nil).

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

continued...

Page 26

DIALOGUE EARTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Other creditors
Accrued expenses		 2023
£
11,852
31,289
36,561
7,200
86,902		 2022
£
30,465
29,835
40,235
6,000
106,535

14. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years		 2023
£
96,581
265,940
362,521		 2022
£
96,581
362,521
459,102

15. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Beijing operations fund
Fixed Asset designated fund
Restricted funds
China
Latin America
Southeast Asia
South Asia
Africa
Global
Oceans
TOTAL FUNDS		 At 1/1/23
£
297,186
102,470
18,700
418,356
303,094
10,904
35,017
40,556
-
241,917
392,990
1,024,478
1,442,834		 Net
movement
in funds
£
14,315
-
-
14,315
(337,729)
57,981
2,989
(41,917)
102,444
191,243
(203,759)
(228,748)
(214,433)		 Transfers
between
funds
£
53,694
(52,427)
(1,267)
-
-
-
-
-
-
-
-
-
-		 At
31/12/23
£
365,195
50,043
17,433
432,671
(34,635)
68,885
38,006
(1,361)
102,444
433,160
189,231
795,730
1,228,401

continued...

Page 27

DIALOGUE EARTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023

15. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
China
Latin America
Southeast Asia
South Asia
Africa
Global
Oceans
TOTAL FUNDS		 Incoming
resources
£
1,266,877
130,965
173,471
88,066
74,149
269,624
400,362
200,116
1,336,753
2,603,630		 Resources
expended
£
(1,252,562)
(468,694)
(115,490)
(85,077)
(116,066)
(167,180)
(209,119)
(403,875)
(1,565,501)
(2,818,063)		 Movement
in funds
£
14,315
(337,729)
57,981
2,989
(41,917)
102,444
191,243
(203,759)
(228,748)
(214,433)

continued...

Page 28

DIALOGUE EARTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Beijing operations fund
Fixed Asset designated fund
Restricted funds
Other
Third Pole
Dialogo Chino
China
Latin America
Southeast Asia
South Asia
Global
Oceans
TOTAL FUNDS		 At 1/1/22
£
350,697
130,662
904
482,263
1,085,597
161,494
40,526
-
-
-
-
-
-
1,287,617
1,769,880		 Net
movement
in funds
£
(63,907)
-
-
(63,907)
-
-
-
123,022
(4,239)
(84,608)
(136,450)
(240,141)
79,277
(263,139)
(327,046)		 Transfers
between
funds
£
10,396
(28,192)
17,796
-
(1,085,597)
(161,494)
(40,526)
180,072
15,143
119,625
177,006
482,059
313,712
-
-		 At
31/12/22
£
297,186
102,470
18,700
418,356
-
-
-
303,094
10,904
35,017
40,556
241,918
392,989
1,024,478
1,442,834

continued...

Page 29

DIALOGUE EARTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
China
Latin America
Southeast Asia
South Asia
Global
Oceans
TOTAL FUNDS		 Incoming
resources
£
614,569
748,772
194,848
49,474
238,729
464,665
391,084
2,087,572
2,702,141		 Resources
expended
£
(678,476)
(625,750)
(199,087)
(134,082)
(375,179)
(704,806)
(311,807)
(2,350,711)
(3,029,187)		 Movement
in funds
£
(63,907)
123,022
(4,239)
(84,608)
(136,450)
(240,141)
79,277
(263,139)
(327,046)

Restricted Funds:

China and South Asia funds are overspent due to costs being spent prior to receipt of funding for both in January 2024.

Designated Funds

There are two designated funds from unrestricted reserves:

continued...

Page 30

DIALOGUE EARTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st December 2023.

Page 31