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2020-12-31-accounts

Charity Registration No. 1141069

Company Registration No. 06581421 (England and Wales)

INSTITUTE FOR STRATEGIC DIALOGUE

(A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mr Michael Lewis Mr Stuart Fiertz Mr M Bergman Dr Serra Kirdar Mr Edward Williams

Charity number 1141069 Company number 06581421 Registered office PO Box 75769 London SW1P 9ER Auditor Landau Morley LLP 325-327 Oldfield Lane North Greenford Middlesex UB6 0FX

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) CONTENTS

Page
Trustees report 1 - 11
Independent auditor's report 12 - 14
Statement of financial activities 15
Balance sheet 16
Statement of cash flows 17
Notes to the financial statements 18 - 30

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees present their report and financial statements for the year ended 31 December 2020.

The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the audited financial statements of The Institute for Strategic Dialogue (the company) for the year ended 31 December 2020. The Trustees confirm that the annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The company is registered as a charitable company limited by guarantee (registered charity number 1141069) and was set up by a Memorandum of Association on 30 April 2008.

The charity is constituted under a Memorandum of Association and is a registered charity.

Method of Appointment or Election of Trustees

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

Organisational Structure and Decision Making

The Institute for Strategic Dialogue (ISD) has a Board of Trustees that meets twice a year. There is a Chair of the Board and Treasurer. The Institute also has an active Finance Committee, made up of the Chair and Treasurer, which meets regularly and works closely with the Chief Executive Officer (CEO) and Chief Operating Officer (COO).

Responsibility for day-to-day management matters and the implementation of policy is delegated to the CEO, within a clearly understood framework of strategic control. The CEO is supported by a leadership team and senior management team responsible for the execution of the organisational objectives. All Trustees and Staff are required to report any potential or actual conflicts of interest immediately to the Chair and/ or CEO.

Risk Management

The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Public Benefit

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the Charity Commission’s general guidance on public benefit, ‘Charities and Public Benefit’.

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Objectives and activities

The Institute for Strategic Dialogue (ISD) is an independent ‘think and do tank’ that studies and develops policy and operational responses to the rising challenges of hate, polarisation and extremism. Combining research and analysis of disinformation, hate and extremism with government advisory work, training, capacity building and educational programmes, ISD has been at the forefront of forging real-world, evidence-based responses to the challenges of disinformation, extremism and polarisation.

The principal objects of the charity and company are:

STRATEGIES & ACTIVITIES FOR ACHIEVING OBJECTIVES

Since its formation, ISD has been at the forefront of solutions that combat extremism, hate speech and disinformation. At a time when these pose immediate threats to safety, security and democratic civil culture and institutions, ISD is working to enable individuals, organisations and nations to turn the tide.

ISD’s work is delivered through three types of activity:

  1. RESEARCH & ANALYSIS - ISD combines sector-leading expertise and research in global extremist movements with advanced digital analysis that identifies and tracks disinformation, weaponised hate and extremism in real time. Our Digital Analysis Unit has been at the forefront of analysing audiences, networks and content to accurately interpret the threat of disinformation, hate and extremism online. This, combined with ISD’s ongoing anthropological research, has ensured that ISD has consistently been ahead of the curve in predicting developments at the nexus of disinformation and extremism. Our research informs responses to these emerging challenges, and shapes policy-makers’ and the public’s understanding of evolving threats.

  2. ACTION PROGRAMMING - ISD innovates, trials and scales cutting-edge interventions that empower cities, practitioners and civic leaders to mitigate hate, polarisation and disinformation. From our digital education and communications programmes, to our training and direct interventions with at-risk individuals, we build the resilience of communities on and offline. We work to empower and facilitate civil society, fostering networks of community groups and influencers to take the lead, applying their granular expertise and credibility in a way that delivers impact at scale. ISD has pioneered the application of data, technology and marketing tactics to mount a proportional response to extremist messaging.

  3. POLICY & ADVISORY SERVICES - ISD provides strategic advice, policy support and training to local and national governments and multilateral institutions worldwide, giving them the data, expertise and support needed to deliver evidence-based policy and programming. We lead inter-governmental policy initiatives on extremism, polarisation and digital regulation that optimise counter-extremism and integration policies and programming and safeguard democracy. ISD also provides high-level digital policy input to the tech sector to harmonise efforts with governments and civil society.

  4. 2 -

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Achievements and performance

The forces ISD seeks to fight - polarisation, extremism and disinformation - intensified in 2020, exacerbated by the international COVID-19 pandemic and a suite of high-profile government elections worldwide. Disinformation in relation to vaccines accelerated, and the growth of QAnon and related conspiracy and extremist movements presented real and immediate threats to cohesion and democracy in many countries worldwide.

Throughout the year, ISD worked to combat these threats through three core operating areas: research and analysis; policy and advisory services; and action programming. The following areas of programming constituted particular highlights of the organisation’s work in 2020:

Research & Analysis

ISD conducted and published sector-leading research in 2020, a year that saw our highest output of analysis to date. This work broadened the scope of our expertise into new thematic as well as geographical frontiers. ISD published multiple reports and briefings in French and German as well as in English, and covered every facet of extremism prevention.

Research projects conducted in the year provided an opportunity to develop ISD’s best-in-class technological system for detecting online manipulation, disinformation and hate activities. This work helped shape the conversation around the immediate threat to democratic integrity posed by coordinated online disinformation. Below are some selected highlights across these exciting areas of research:

As a result of the capacity of this tool and ISD’s reporting of inauthentic activity directly to social media platforms, Twitter removed 2,725 accounts, Telegram took action on 9 white supremacist terrorist channels, and Facebook took down over 50 pages, groups and accounts from covert inauthentic networks. The US2020 team published 21 public research reports exposing the actors and platforms involved in promoting disinformation and hate; shared over 60 data briefings with partners affected by disinformation in relation to the election; launched a weekly tracker on hate group online activities entitled Lens on Hate; and produced 11 ‘high risk’ briefings sent directly to law enforcement to flag credible threats of violence.

This work directly contributed into an increasingly well-informed debate in Europe, North America and elsewhere on the nature of the technology sector’s responsibility to its customers’ safety, rights and health during elections and beyond. We are committed to maintaining and expanding our activities in the US, to provide nation-wide real-time tracking of extremist, hate and militia group mobilisation online, including the analysis of anti-Semitism and Islamophobia online.

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

In 2020, ISD published 16 reports and briefings on disinformation and extremism relating to COVID-19, including investigations exposing far-right manipulation of the pandemic and the proliferation of anti-minority discourse. Complementing this, we conducted a joint investigation with BBC World which delved into the scale of the pandemic’s accompanying ‘infodemic’. Additionally, ISD launched significant investigations into the intersection of the powerful QAnon conspiracy group and COVID-19 disinformation, and the nexus between jihadist and far right extremist narratives on the virus. Leading the civil sector reaction to pandemic-related analysis highlighted how well situated our strategy towards disinformation has been and the critical importance of ISD’s Digital Analysis Unit.

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Policy & Advisory

ISD’s leading network of policy advisors greatly expanded their work in 2020 with a range of briefings and advisory services to governments, civil society and the private sector. This work informed policy and regulatory agendas for some of the world’s leading stakeholders in extremism policy and digital policy. ISD has taken a central role in developing proposals for platform governance and regulation including policy briefings around algorithmic transparency and cross-harms-based regulatory approaches. The team also worked with a network of organisations in the digital policy domain to streamline advocacy within and between governments and the civil sector.

ISD held two DPL events in November and December 2020, with the first focusing on efforts to encourage or ensure transparency in digital regulation. The event was attended by over 40 high-level representatives from 11 national governments and the European Commission. The second event focused on specific policy proposals, with the formation of the European Union’s Digital Services Act (DSA) and European Democracy Action Plan (EDAP), as well as significant country-level developments in Germany, France and the UK, including the UK Online Harms bill.

Our digital policy team also created sector leading policy papers on the role of social media algorithms in creating systemic, structural challenges to democracy and human rights, and, together with partner organisations, provided a submission to the UK Government’s Department for Culture, Media and Sport (DCMS) in response to the department’s Online Harms White Paper.

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Despite the challenge of shifting the majority of its operations and outputs online in 2020, in its fifth year of programming the SCN continues to lead the charge in thought leadership and public policy discussions on preventing and countering extremism. In collaboration with the Global Counterterrorism Forum (GCTF), SCN hosted six webinars which engaged 80 stakeholders from national government, local government, civil society, multilateral and the private sector from across 20 countries. These virtual gatherings engaged key stakeholders in discussions of good practice in P/CVE cooperation and policy.

In order to mark the fifth anniversary of the program at the end of September ISD also held a number of events. These included an engagement with the governments of Denmark, Lebanon, Kenya and the US at the 2020 UN General Assembly at which we launched a Mayoral Call for Support and unveiled a new promotional video and brochure.

Action programming

ISD continued to deliver programming internationally and with significant impact despite the unique operational challenges that 2020 posed.

Maintaining a high level of engagement with the local community stakeholders through the Prevention Networks was exceptionally challenging as each stakeholder was forced to adapt to fundamental changes in the political environment and a failing economy. This was exacerbated by the public health crisis and the fallout from August’s tragic explosion in Beirut’s port, to which the SCN was one of the first responders. ISD’s SCN and Young Cities teams, in cooperation with our LPNs, helped provide emergency assistance, cleaning services and food distribution to some of the worst-hit neighbourhoods and most vulnerable people. The SCN contributed to preparing and delivering 7,000 hot meals and food baskets and helped restore 24 destroyed homes.

In addition, ISD served as an independent evaluator of the Shared Endeavour Fund initiative and the projects it funded. Outputs included an in-depth evaluation report that addressed both the Fund as a whole and individual projects, as well as briefings designed for different stakeholders including civil society, policymakers and the general public.

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Through this new format, four teams of young Pakistani activists learned a comprehensive process for developing and delivering strategic social media campaigns, while creating detailed project plans for campaigns of their own. Overcoming challenges with internet connectivity, time zones, scheduling and an entirely new approach to training, the project had a 100% completion rate with impressive gains in knowledge and skills across all four teams. Ultimately, all the teams were successful in developing viable campaign plans and all received seed funding to develop their content.

In addition to local delivery, Young Cities moved forward with the implementation of two larger research projects. The first looked at the spread of hateful and extremist narratives in the context of COVID-19 in Kenya, Senegal and Lebanon, and the second project analysed ISIS’s school curriculum, with a specific focus on content taught to children under the subject of ideology. The findings from this analysis will feed into the design of a counter-curriculum framework, to aid frontline practitioners and municipalities to better support children and youth who were exposed to indoctrination efforts in ISIS-held territory.

Our flagship digital citizenship programme, Be Internet Citizens (BIC), funded by Google UK and delivered in partnership with YouTube, faced unprecedented challenges in delivery due to COVID-19 school closures. Despite this, the BIC team successfully finalised and published the brand new Be Internet Citizens curriculum resource, made freely available to practitioners. This included a fully designed, five-module Unit of Work for secondary school teachers, and a parallel Community Toolkit for youth workers and non-formal educators. The Unit of Work received accreditation by the PSHE Association, the UK’s official body for Personal, Social, Health and Economic education, who promoted the programme to their network of 40,000+ educators across the UK. The new resources were publicised via Ofcom’s Making Sense of Media newsletter, and circulated to over 250 media and digital literacy organisations nationally. In addition, we were also able to publish the full Young Digital Leaders Curriculum and Digital Citizenship Education Programming Toolkit in Bulgarian, Greek, Romanian and French as well as English.

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

In 2020, ISD was awarded a grant by the US State Department via their Embassy in Paris. This included both pandemic-related research and the delivery of education programming. The project, De la pandémie à l’infodémie, delivered a series of webinars for ISD’s network of civil society organisations, academics, policy makers and educators across France, and created a cross-platform social media campaign to promote digital citizenship for online users.

As a new alliance for the protection of democracy in the digital age, BC4D tests and develops courses that provide team members with the essential knowledge and skills to recognise digital harms. The aim is to strengthen personal responsibility and resilience against polarising and radicalising content, with employers utilising the considerable credibility they often have with their employees. Participants are provided with strategies to show courage online, so that the internet can continue to function as an important space for necessary debates and to ensure that diversity, tolerance and respect are maintained.

At the end of 2020, ISD Germany’s executive director Huberta von Voss presented the BC4D initiative to the annual business conference of Germany’s major weekly newspaper Die Zeit with 400 guests in attendance, many of them representing top companies. Of the significant amount of coverage for this work, notable top-tier media pieces include in Der Spiegel and Die Zeit.

MEDIA AND COMMUNICATIONS

ISD’s media engagement increased in 2020 as our work continued to be relevant to a range of urgent and emerging issues. ISD’s work exposing disinformation surrounding the US election proved particularly well received by the global media and ISD was cited 1,640 times in media worldwide. This included leading documentaries (the BBC’s In the Face of Terror and The TikTok Election); exclusive jointly-produced features with CNN, Politico, NBC News, The Forward and The Observer; and podcasts by the BBC, the Center for Humane Technology and the Aspen Initiative. Other notable media reports included Channel 4 News, Glamour Magazine, BBC Newsnight, the New York Times, NPR and Vice. CEO Sasha Havlicek appeared on a variety of prominent webinars and podcasts, including a guest appearance on Damian Collins’ Infotagion podcast to share insights into the ‘infodemic’.

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

OPERATIONS

Despite the challenges presented by COVID-19, ISD’s operations adapted rapidly to near complete digital delivery of programs and a hybrid working model for staff. This enabled ISD to continue its work internationally while increasing the team size, number of projects and global footprint. In addition to the ‘business as usual’ work of managing the organisation’s finances, operations, HR, project management and security, key operational highlights of the year include:

Guiding Principles Competencies
Integrity �
�
Personal integrity
Focus on quality
Collaboration �
�
Respect for others
Commitment to the team
Agility �
�
Efficiency and effectiveness
Growth mindset
Courage �
�
Strategic thinking
Passion for driving change

FUTURE PLANS

In 2021, ISD will continue to adapt its operations in response to the conditions created by COVID-19. This will include ongoing work to transition to a hybrid working model and digital delivery. In fundraising, we will use 2021 to start expansion into the United States, and will seek to increase the proportion of funding received from trusts, foundations and philanthropists. We will refresh our communications and marketing material to support this effort, and will invest in new personnel to drive forwards communications for the organisation. We will review and refresh the composition of the Board as part of a governance review in the second half of the year.

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Financial review

The results for the year show that there was net income of £460,380 (2019: net expenditure of £396,411). The total incoming resources for the year were £5,648,164 (2019: £4,614,728).

The charity has been able to achieve its objectives as reserves have been maintained to enable it to do so.

At 31st December 2020, the unrestricted reserves amounted to £393,670 and restricted reserves amounted to £1,377,356.

Reserves Policy

The Trustees closely monitor the level of free reserves available to ensure there is sufficient financial flexibility in place. It is the Trustees’ policy to accumulate reserves for future activities. The free reserves (net of restricted funds) available as at 31st December 2020 were £393,670 (2019: £409,142) - providing in excess of 3 months’ administration costs in the following financial year at projected expenditure levels.

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to support the current level of expenditure and to continue in operational existence for the foreseeable future. The Trustees have, however, recognised that, due to the impact of COVID-19, there has been a significant impact on the activities of the charity. The Trustees are committed to supporting the charity and will continue to evaluate the situation on an ongoing basis and to develop plans for the charity to manage the financial impact going forward.

Going Concern

After making appropriate enquiries and despite the pandemic restrictions, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

Other financial policies

ISD reviews all of its financial and accounting policies annually to ensure that they are still fit for purpose and applicable to an organisation of ISD’s size. Recent review has led the financial team of ISD to make the following changes to its our policies:

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Statement of Trustees responsibilities

The Trustees, who are also the directors of Institute for Strategic Dialogue for the purpose of company law, are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

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

Disclosure of information to auditor

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The Trustees report was approved by the Board of Trustees.

Mr Michael Lewis

Chair of Trustees Dated: 27 September 2021

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF INSTITUTE FOR STRATEGIC DIALOGUE

Opinion

We have audited the financial statements of Institute for Strategic Dialogue (the ‘company’) for the year ended 31 December 2020 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 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 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 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 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 contained within the annual report. Our opinion on the financial statements does not cover the other information and 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 course of 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.

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF INSTITUTE FOR STRATEGIC DIALOGUE

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require 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 company for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such 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 charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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.

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.

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF INSTITUTE FOR STRATEGIC DIALOGUE

Owing to the inherent limitations of an audit, there is an unavoidable risk that some material misstatements of the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

The potential effects of inherent limitations are particularly significant in the case of misstatement resulting from fraud because fraud may involve sophisticated and carefully organized schemes designed to conceal it, including deliberate failure to record transactions, collusion or intentional misrepresentations being made to us.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// 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 charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Landau Morley LLP 30 September 2021
Chartered Accountants
Statutory Auditor 325-327 Oldfield Lane North
Greenford
Middlesex
UB6 0FX

Landau Morley LLP is eligible for appointment as auditor of the company by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006.

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted
Restricted
funds
funds
2020
2020
Notes
£
£
Income and endowments from:
Charitable activities
3
256,757
5,301,406
Investments
4
-
-
Other income
5
90,001
-
Total income
346,758
5,301,406
Expenditure on:
Charitable activities
6
385,849
4,801,935
Net (outgoing)/
incoming resources
before transfers
(39,091)
499,471
Gross transfers
between funds
23,619
(23,619)
Net (expenditure)/income
for the year/
Net movement in funds
(15,472)
475,852
Fund balances at 1
January 2020
409,142
901,504
Fund balances at 31
December 2020
393,670
1,377,356		 Total Unrestricted
funds
2020
2019
£
£
5,558,163
105,249
-
79
90,001
2,116
5,648,164
107,444
5,187,784
462,167
460,380
(354,723)
-
23,349
460,380
(331,374)
1,310,646
740,516
1,771,026
409,142		 Restricted
funds
2019
£
4,507,284
-
-
4,507,284
4,548,972
(41,688)
(23,349)
(65,037)
966,541
901,504		 Total
2019
£
4,612,533
79
2,116
4,614,728
5,011,139
(396,411)
-
(396,411)
1,707,057
1,310,646
Charitable activities
3
Investments
4
Other income
5
Total income
Expenditure on:
Charitable activities
6
Net (outgoing)/
incoming resources
before transfers
Gross transfers
between funds
Net (expenditure)/income
for the year/
Net movement in funds
Fund balances at 1
January 2020
Fund balances at 31
December 2020

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET

AS AT 31 DECEMBER 2020

Notes
Fixed assets
Tangible assets
12
Investments
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
16
Unrestricted funds		 2020
£
£
89,579
-
89,579
836,825
1,332,118
2,168,943
(487,496)
1,681,447
1,771,026
1,377,356
393,670
1,771,026		 2019
£
£
140,696
21,826
162,522
651,976
888,426
1,540,402
(392,278)
1,148,124
1,310,646
901,504
409,142
1,310,646		 2019
£
£
140,696
21,826
162,522
651,976
888,426
1,540,402
(392,278)
1,148,124
1,310,646
901,504
409,142
1,310,646
162,522
1,148,124
1,310,646
901,504
409,142
1,310,646

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2020, although an audit has been carried out under section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 27 September 2021

Mr Michael Lewis

Trustee

Company Registration No. 06581421

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2020

Notes
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
20
Investing activities
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed
assets
Purchase of investments
Proceeds on disposal of investments
Investment income received
Net cash used in investing activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2020
£
£
453,253
(10,069)
(21,318)
-
21,826
-
(9,561)
-
443,692
888,426
1,332,118		 2019
£
£
(71,649)
(140,088)
-
(21,826)
-
79
(161,835)
-
(233,484)
1,121,910
888,426

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

Charity information

Institute for Strategic Dialogue is a private company limited by guarantee incorporated in England and Wales. The registered office is PO Box 75769, London, SW1P 9ER.The members of the company are the Trustees named on legal and adminstrative page. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The company is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to support the current level of expenditure and to continue in operational existence for the foreseeable future.

The Trustees have, however, recognised that, due to the impact of COVID-19, there has been a significant impact on the activities of the charity.

The Trustees are committed to supporting the charity and will continue to evaluate the situation on an ongoing basis and to develop plans for the charity to manage the financial impact going forward.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the company.

1.4 Income

Income is recognised when the company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings 20% straight line method Fixtures and fittings 25% reducing balance method Computer and office eqipment 33.33% straight line method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

1.10 Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the company’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount 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 that are considered to be relevant. Actual results may differ from these estimates.

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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

3 Charitable activities

Programmes
Core
Analysis by fund
Unrestricted funds
Restricted funds
4
Investments
Interest receivable
5
Other income
Government grant/Other income		 2020
2019
£
£
5,301,406
4,507,284
256,757
105,249
5,558,163
4,612,533
256,757
105,249
5,301,406
4,507,284
5,558,163
4,612,533
Total Unrestricted
funds
2020
2019
£
£
-
79
Unrestricted Unrestricted
funds
funds
2020
2019
£
£
90,001
2,116		 2019
£
4,507,284
105,249
4,612,533
105,249
4,507,284
4,612,533

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

6 Charitable activities

Wages, salaries and consultants
UK travel and hospitality
Travel costs (staff)
Travel costs (participants)
Occupancy costs and room rental
Outside professional services
Communications and technology
Overhead recovery
Grants and awards to other organisations
Share of support costs (see note 8)
Analysis by fund
Unrestricted funds
Restricted funds		 2020
£
2,128,507
17,511
56,332
15,265
28,912
1,206,723
55,622
888,641
425,741
4,823,254
364,530
5,187,784
385,849
4,801,935
5,187,784		 2019
£
1,918,065
24,590
248,751
84,272
41,497
792,079
74,386
997,017
359,169
4,539,826
471,313
5,011,139
462,167
4,548,972
5,011,139

Direct Costs include the following:

Outside Professional Services: Includes technical and specialist consultants and suppliers such as filmmakers, content producers, educational resource specialists, trainers, researchers and translation services.

Communications and Technology: Includes telecommunications equipment, telephone calls, IT hardware, software, webhosting, social media and digital costs.

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

7 Grants and awards payable

Grants and awards were paid to the following:
ACT Proact
WANA Institute
Isiolo Peace Link
Midrift
Human Rights Agenda
Tarek Menhem
The Challenge Network
The Open University
Hope Not Hate
Tees Valley Inclusion Project
New Horizons for British Islam
Communities Inc
JAN Trust
Faith Associates
Praxis Community Projects
Association for Real Change
Asian Mums Network
Vivacity Culture and Leisure
ArtReach Trust
Youth Cymru
British Future
Mother & Child Welfare
My Generation
Paddington Arts
Limehouse Boxing Academy
Global Centre
Action Synergy SA
Faiths Forum London
Youth Bila Noma
Circles - Lebanon Support
Kiunga Youth Bunge
Collaboration of Women in Development
Resource Development Foundation
Pastoralist Women
Other		 2020
£
120,179
80,429
58,006
56,191
48,962
25,920
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
7,711
7,565
6,961
4,640
4,605
4,572
-
425,741		 2019
£
-
29,172
-
-
3,560
-
20,000
19,799
14,950
10,112
8,914
3,800
32,685
7,080
6,986
6,475
6,227
5,000
3,995
3,716
3,700
3,000
3,000
2,680
9,865
75,102
38,759
35,000
-
-
-
-
-
-
5,592
359,169

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

8 Support costs

Support costs
Support 2020 2019
costs
£ £ £
Staff costs 627,433 627,433 756,539
Loss on disposal of fixed assets 31,276 31,276 480
UK travel and hospitality 2,428 2,428 11,990
Travel costs (staff) 18,513 18,513 59,166
Travel costs (participants) 241 241 1,725
Occupancy costs and room rental 252,490 252,490 343,134
Outside professional services 152,658 152,658 124,998
Office costs and communications 63,501 63,501 80,927
Overhead recovery (888,641) (888,641) (997,017)
Exchange loss/(gain) 53,404 53,404 37,717
Depreciation 51,227 51,227 51,654
364,530 364,530 471,313
Analysed between
Charitable activities 364,530 364,530 471,313

In respect of the year ended 31 December 2020, of the total Exchange loss/(gain) of £53,404, £51,113 is attributable to unrestricted funds and £2,291 is attributable to restricted funds.

Outside professional services costs include £19,750 (2019: £19,918) in respect of auditor's remuneration.

9 Auditor's remuneration

The analysis of auditor's remuneration is as follows:

Audit of the annual accounts
All other non-audit services
Total fees		 2020
£
12,000
7,750
19,750		 2019
£
11,500
8,418
19,918

10 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the company during the year.

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

11 Employees

Number of employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2020
Number
49
2020
£
2,446,869
218,301
90,770
2,755,940		 2019
Number
50
2019
£
2,418,630
186,660
69,314
2,674,604

Responsibility for day-to-day management matters and the implementation of policy is delegated to the Chief Executive Officer. Remuneration paid to the key management personnel of the charity in 2020 was £137,224 (2019: £133,396).

Of the employees whose emoluments exceed £60,000, 4 have retirement benefits accruing under defined benefit pension schemes, totalling £18,700 (2019: £18,031).

The number of employees whose annual remuneration was £60,000 or more were:

2020 2019
Number Number
In the band £60,001 - £70,000 1 -
In the band £70,001 - £80,000 1 3
In the band £120,001 - £130,000 - 1
In the band £130,001 - £140,000 1 -

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

12 Tangible fixed assets

Leasehold
land and
buildings
Fixtures and
fittings
Computer and
office
eqipment
£
£
£
Cost
At 1 January 2020
39,226
33,044
145,176
Additions
-
-
10,069
Disposals
-
(7,565)
(27,440)
At 31 December 2020
39,226
25,479
127,805
Depreciation and impairment
At 1 January 2020
5,911
12,554
58,285
Depreciation charged in the year
7,867
4,646
38,715
Eliminated in respect of disposals
-
(3,472)
(21,575)
At 31 December 2020
13,778
13,728
75,425
Carrying amount
At 31 December 2020
25,448
11,751
52,380
At 31 December 2019
33,314
20,490
86,892
13
Fixed asset investments		 Total
£
217,446
10,069
(35,005)
192,510
76,750
51,228
(25,047)
102,931
89,579
140,696
Other
investments
£
Cost or valuation
At 1 January 2020 21,826
Disposals (21,826)
At 31 December 2020 -
Carrying amount
At 31 December 2020 -
At 31 December 2019 21,826

The fixed asset investment comprised the entire issued share capital of 25,000 ordinary shares of 1.00 euro each of the Institute for Strategic Dialogue gGmbH, a company incorporated in Germany. The shares were disposed of during the year. The subsidiary company was incorporated in 2019 and was dormant as at 31 December 2019.

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

14
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
15
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2020
£
560,910
101,047
174,868
836,825
2020
£
104,826
123,549
36,764
222,357
487,496		 2019
£
424,075
61,419
166,482
651,976
2019
£
56,436
131,049
-
204,793
392,278
Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: Movement in funds
Movement in funds		 Balance at
Incoming
Resources
Transfers
Balance at
Incoming
Resources
Transfers
Balance at		 1 January 2019
resources
expended
1 January 2020
resources
expended
31 December		 2020 £
£
£
£
£
£
£
£
£		 Restricted Funds
966,541
4,507,284
(4,548,972)
(23,349)
901,504
5,301,406
(4,801,935)
(23,619)
1,377,356		 The restricted funds, totalling £23,619, are no longer of direct relevance to the activities of Institute for Strategic Dialogue and the conditions applicable to the maintenance of the restricted funds have ceased to apply. These funds have, therefore, been transferred to unrestricted funds.
16

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

17
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2020
2020
£
£
Fund balances at 31
December 2020 are
represented by:
Tangible assets
89,579
-
Investments
-
-
Current assets/
(liabilities)
304,091
1,377,356
393,670
1,377,356		 Total
Unrestricted
funds
2020
2019
£
£
89,579
140,696
-
21,826
1,681,447
246,620
1,771,026
409,142		 Total
Unrestricted
funds
2020
2019
£
£
89,579
140,696
-
21,826
1,681,447
246,620
1,771,026
409,142		 Restricted
funds
2019
£
-
-
901,504
901,504		 Total
2019
£
140,696
21,826
1,148,124
2019
£
140,696
21,826
246,620
409,142
1,310,646

18 Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2020
£
237,823
540,152
777,975		 2019
£
237,823
777,975
1,015,798

19 Related party transactions

Donations of £71,980 (2019: £65,715) were received during the year from the Trustees and from entities connected with the Trustees.

20 Cash generated from operations

Cash generated from operations
Surplus/(deficit) for the year
Adjustments for:
Investment income recognised in statement of financial activities
Loss on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in debtors
Increase in creditors
Cash generated from/(absorbed by) operations		 2020
£
460,380
-
31,276
51,228
(184,849)
95,218
453,253		 2019
£
(396,411
(79
480
51,654
174,717
97,990
(71,649

INSTITUTE FOR STRATEGIC DIALOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

21 Analysis of changes in net funds

The company had no debt during the year.