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2023-12-31-accounts

Charity registration number: 1141069

Company registration number: 06581421 (England and Wales)

INSTITUTE FOR STRATEGIC DIALOGUE

(A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Institute for Strategic Dialogue Contents

Contents

ontents
Reference and administrative information 1
Trustees’ annual report 2
Independent audit report 14
Statement of financial activities 18
Balance sheet 19
Statement of cash flows 20
Notes to the financial statements 21

Institute for Strategic Dialogue Legal and administrative information For the year ended 31 December 2023

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr Michael Lewis Mr Stuart Fiertz Mr Mark Bergman Dr Serra Kirdar Mr Edward Williams Mr Konstantin Von Unger (Appointed 28 February 2023) Mr Stephen Zinser (Appointed 1 January 2023) Sir Michael Davis (Appointed 22 January 2024) Mr Christopher Rice (Appointed 24 April 2024) Lord Aamer Sarfraz (Appointed 4 June 2024) Charity number 1141069 Company number 06581421 Registered office 3rd Floor 45 Albemarle Street Mayfair, London W1S 4JL Auditor Sayer Vincent LLP 110 Golden Lane London EC1Y 0TG Banker Lloyds Bank plc. 25 Gresham Street London EC2V 7HN

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Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2023

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 2023.

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.

Organisational Structure and Decision Making

The Institute for Strategic Dialogue (ISD) has a Board of Trustees that meets three times 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), Chief Operating Officer (COO) and Director of Finance.

Until September 2023, when she moved to ISD-US, responsibility for day-to-day management matters and the implementation of policy was delegated to the CEO, within a clearly understood framework of strategic control. From September 2023, the key management personnel functions are performed jointly by the Chief Operating Officer and Managing Director (MD).

The CEO, COO and MD are supported by a 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 COO.

Global ISD Governance, Entities and Structure

ISD UK is one of a network of five ISD entities globally, with sister organisations in the US, Germany, France and Jordan. They are separate legal entities that share a vision and mission:

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Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2023

ISD France is accounted for as a branch of ISD UK. The other entities are not included in this set of financial statements. Separate financial statements are produced in each country in accordance with local statutory requirements.

The network of ISD entities seeks to maintain consistency in approach to key operational and programmatic issues. However, as a legally separate entity, ISD UK makes all its own decisions on key operating policies.

Trustee Recruitment, Induction and Training

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. The recruitment of Trustees is based on an assessment of the Board’s strengths and areas where further experience and expertise are required. Trustees are appointed by the Board of Directors to fill these expertise gaps based on their skills and experience relevant to ISD’s aims and objectives. Candidates are interviewed by the Chair and at least one other Trustee to assess suitability, before being proposed at a Board meeting for approval by a majority of the Board ahead of an invitation to join being extended. Board members are appointed for a term consistent with the Articles of Association and Bylaws.

An induction and training process is managed by the COO to ensure Trustees/ Directors understand their responsibilities and how the Board works. They meet with members of the leadership team to have a deep-dive induction into ISD’s programming and strategy and are sent recent ISD publications. They are sent Charity Commission guidance on Trustee responsibilities and are given information on ISD’s governance, strategy, and goals. Trustees are provided with copies of the governance documents, previous board papers and minutes, and other relevant documents.

Remuneration of staff and key management personnel

ISD’s staff remuneration policy is designed to ensure that staff salaries remain competitive so that ISD can attract and retain the exceptional team needed to achieve our ambitious goals and mission.

ISD holds two performance review cycles annually and awards promotions and pay increases for staff that have demonstrated outstanding performance or are taking on additional responsibilities. Salary scales are published on the organisation’s intranet so are transparent to all staff and salary increases are awarded in line with pre-determined pay points. Pay brackets are benchmarked against the sector by reviewing salaries of competitor organisations and advertised salaries on comparative roles.

In September 2023, the key management personnel responsibilities changed from residing in one role (CEO) to two roles (the Managing Director and Chief Operating Officer). These responsibilities were divided between the MD and COO.

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Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2023

Risk Management

The Trustees have assessed the major risks to which the company is exposed, particularly 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. These are all captured in an annually reviewed Risk Register which is compiled and maintained by the leadership of the organisation. This Risk Register grades 45 identified risks across categories (governance, strategic, reputational, legal, financial, security, health & safety and HR) with a RAG rating scale and outlines the controls in place to mitigate these.

Key risks are identified as those with a potentially medium or high impact on the organisation even after accounting for the mitigation controls in place. These are:

Key Risks Mitigation Measures
Libel & Defamation:A case is mounted
against ISD by the subject of a piece of
research or publication, whether in good
faith or vexatiously.		 All publications reviewed and edited by COO for legal risk
clearance; all publications which pass a risk threshold or
name individuals are reviewed by a libel Barrister ahead of
publication; right-to-reply protocols in place for named
actors;Complaints Policy published on website.
Institutional:The operating
environments in areas of work become
hostile to research into hate, extremism
and disinformation, or ISD is subject of
legal action brought in bad faith to
undermine this vital work.		 Lawyers retained in each jurisdiction to help guard against
and advise upon ongoing institutional protection; pro bono
lawyers engaged for support on specific issues; scenario
planning exercises being undertaken in 2024; risk averse
approach taken for institutional protection.
Staff Safety:Online and offline targeting
results in intimidation, harassment or
acts of violence against staff (which may
be ideologically or politically motivated
based on ISD's work).		 Pentests and digital hygiene guidance issued to at-risk
staff; protocols for managing harmful periods on social
media in place; psychosocial and wellbeing support
(mental health first aider; harmful content & flagging
protocol; counselling; health & wellbeing offer); process to
remove ISD staff from visibility at moments of risk;
protocols to maintain security of staff information; physical
securityreview of staff to be conducted in 2024.
Cyber Security & Data Protection:Data
protection failure or cybersecurity attack
on ISD.		 Trusted IT & security providers; encrypted hardware,
enhanced software and restricted server access; SOC
service constantly monitoring cyber threats; training for all
staff on identifying and avoiding phishing scams; dedicated
cybersecurity staff; audit of all Data Protection policies and
systems conducted in 2024.

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’. All the activities that are undertaken by the charity are for the advancement of the objectives and the activities that are undertaken by the charity to further its charitable purposes are for the public benefit.

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Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2023

Going Concern

After making appropriate enquiries, 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.

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 hybridised threats of extremism, hate and disinformation. Combining research and analysis with policy advisory, training, capacity building and educational programmes, ISD has been at the forefront of forging real-world, evidence-based responses to the challenges of extremism, hate and disinformation.

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 hate, extremism 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 against these threats.

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. 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.

  3. ACTION PROGRAMMING – ISD innovates, trials and scales cutting-edge interventions that empower cities, practitioners, employees and civic leaders to mitigate hate, extremism and

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Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2023

disinformation. From our digital education and communications programmes to our training and direct interventions with at-risk individuals, we build the resilience of communities both 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.

ACHIEVEMENTS AND PERFORMANCE

2023 was a tumultuous year and polarisation, hate, extremism and disinformation continued to have a profound impact on society. Along with the devastating human cost of active conflicts in Europe and the Middle East, we witnessed hostile state actors, Islamist and far-right extremist groups exploit the situation to further their agendas and undermine democracy, human rights and social cohesion. Against this geopolitical backdrop, we achieved our charitable objectives in the year through three core operating areas: research and analysis; policy and advisory; and action programming.

ISD’s performance and impact are defined and reviewed against a programming strategy which is developed every 2-3 years. This strategy is based upon and links to our Theory of Change, and it is against the goals set out in these documents that ISD uses a performance monitoring system to measure each project and programme’s impact.

Frequently used performance indicators include key reach metrics for published reports and other public-facing outputs. We also track, for example, the number of stakeholders reached through tailored dissemination strategies (e.g. policymakers, civil society organisations, academics, journalists), and examples of uptake and use of ISD’s research findings.

All new projects and funding opportunities are assessed against a number of criteria, including relevance to ISD's organisational Theory of Change. Once funding is secured, a detailed activity workplan is developed and used to monitor progress during weekly and monthly project meetings. Objectives are reviewed for relevance and assessment of progress throughout the project cycle and are integrated into donor reporting. As part of the reporting process, we capture lessons learnt in terms of methodology and findings and share these with our donors and partners to enable continuous learning.

The following areas of programming constituted particular highlights of the organisation’s work in 2023:

Research & Analysis

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Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2023

analysis to a dedicated space on our website and delivered commentary on the conflict across international top-tier media.

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Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2023

Policy & Advisory

Throughout the year, ISD hosted several multi-stakeholder DPL working groups to cover key topics in more depth, resulting in multiple policy briefs. ISD published work on misogyny and radicalisation, emerging platforms and technologies, algorithmic ranking systems, online crisis protocols, and access to social media data. ISD delivered this work while staying ahead of the curve in relation to the rapid pace of technological change. We began discussions with leading AI companies to help prevent the sort of misuse of their technology by bad actors and to lead on positive AI-based interventions in our domain.

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Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2023

Action programming

More than 1,200 mayors, city officials, practitioners and partners participated in more than 30 Strong Cities events and workshops in 2023. The capstone event was the Fourth Global Summit in New York, which convened more than 80 mayors and governors and 160 local and national government representatives and partners from more than 115 cities across 50 countries. With support from the EU, Denmark and the US, the Summit delivered a multi-dimensional programme of 11 events and a New York City Mayoral Declaration.

In 2023, Strong Cities also continued to build and strengthen national-local cooperation on preventing hate and violent extremism through programmes in Coastal West Africa, Southeast Asia and the Western Balkans, with support from Australia. The Network’s Transatlantic Dialogue Initiative also continued to deliver impact, with workshops held in partnership with member cities, such as Berlin, Oslo and London, facilitating city learning, sharing and recommendations for mayors and practitioners on both sides of the Atlantic. The Strong Cities Regional Hubs provided resources and expertise to cities in their respective regions during their first year of operation, including to border cities and enhancing city-youth engagement in East & Southern Africa, MENA, South Asia and the Western Balkans.

MEDIA AND COMMUNICATIONS

During 2023, ISD published 38 report-style publications along with 61 Digital Dispatches and 20 Explainers. These publications were created in order to achieve our charitable objective of informing the public, policy makers and other stakeholders on trends hate, extremism and disinformation.

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Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2023

ISD analysis and experts received top-tier news coverage across the globe. ISD analysis of surges in violent and extremist content sparked by the Israel-Hamas War was covered in the New York Times and ABC News. The New York Times also referenced ISD work on the surge in hate after October 7. Deutche Welle covered ISD research on Kremlin threats while the New York Times turned to ISD analysis in its coverage of multiple hostile state information threats. Throughout the year, ISD analysis of the convergence of technology and information operations in response to these wars received coverage in the New York Times and Vice.

ISD work analysing threats and harassment targeting drag shows and the LGBTQ+ community in the US, the UK, France, and Australia featured across a wide range of media outlets. References to ISD work were found in ABC, NBC, the Daily Beast, USA Today, WIRED, the Independent, the Guardian, Gay Times, Byline Times, and Hunger Magazine. Elsewhere in the media, the New York Times covered ISD analysis on how pro-Kremlin actors use video game platforms to reach vulnerable young audiences. ISD’s experts also featured in other US outlets, such as NPR, Rolling Stone, and the Atlantic commenting on a variety of topics. CNN, Euronews, Foreign Policy, and Sueddeutsche referenced our Digital Dispatch analysing how content glorifying the Wagner group circulates on Meta platforms. Our Head of Climate Disinformation provided live commentary on TikTok’s content removal policy targeting climate mis- and disinformation to BBC’s News and Radio 4’s Today Programme. Commentary on other climate-related issues featured on Euronews, El Mundo, Deutsche Welle, the New York Times and on CNN.

OPERATIONS

In 2023, ISD actively managed approximately 48 concurrent projects valued at £6.9 million throughout their lifecycles, with £4.4 million generated in restricted income. We made substantial improvements in project management, promoting transparency and accountability, and introduced new data systems for grant management to strengthen monitoring of key grants. We began a review of all our governance arrangements with a view to optimising this in preparation for further growth in the coming years.

Whilst 2023 saw a shrinking in real terms of ISD’s UK portfolio, team and restricted income, this correlates to the significant expansion of our work and teams situated in our sister entities. ISD recognises that our global impact is best achieved by effective co-working between ISD UK and all other ISD entities, and so ISD invested in the growth and training of these teams as well as improved interentity working across all ISD’s geographies.

FUTURE PLANS

In 2024, ISD will continue to deliver its work internationally and working in a coordinated way with our sister organisations in the US, Germany and Jordan. We anticipate the start or continuation of many new multi-year grants and projects, particularly in relation to disinformation around elections as we enter “the biggest election year in history”. In fundraising, we will seek to secure more multi-year contracts and grants, as well as building more programmes as part of consortia.

Financial review

Total income in 2023 was £5.7 million (2022: £6 million) representing funding from a diverse, global group of Non-Profit Partners, Trusts and Foundations, Government and Multilateral Institutions, Individuals and Corporates.

Whilst a key focus of new programming and growth has been on the new ISD teams set up in US and

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Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2023

Germany, we expect this lower income to be temporary for 2023. We have undertaken an ambitious portfolio of projects and programmes in 2023 and have ensured that our key activities are well funded. Our expenditure includes £2.1m (2022: £2.9m) on Research & Digital Analysis; £1.8m (2022: £1.4m) on Policy & Advisory; and £2m (2022: £2.5m) on Action Programming. We have also began investing in dedicated business development personnel in 2023 (£46,891).

Net expenditure for the year was £221,350 (2022: £788,258). £144,583 of this is unrestricted and offsets the £167,301 unrestricted surplus from 2022. This Net unrestricted expenditure was temporary and related to the timings of grants expected in Q4 2023 but received and recognised in Q1 2024.

At 31[st] December 2023, unrestricted funds were £257,760 (2022: £402,343) and restricted funds were £402,698 (2022: £479,465) demonstrating that we are utilising project restricted funding efficiently and prioritising programme delivery.

Fundraising standards

We raise funds to support our charitable activities from Government and Multilateral Institutions, Trusts and Foundations, Corporates and Non-Profit Partners.

We also receive grants from other ISD entities and individual donations and major gifts mostly from Trustees. These are summarised in our Related party transactions Note 10.

ISD does not participate in public fundraising activities and is therefore not registered by a fundraising regulator. No third parties, professional fundraisers or commercial participators were used to undertake any fundraising activities. During 2023, as with all previous years, we received no complaints about any of our fundraising activities.

We are committed to protecting vulnerable people and maintain high standards to ensure our donors’ privacy, dignity and wellbeing are protected. This is achieved by having personal interaction with all individual donors and only accepting donations from those donors who we have an established relationship with. We also publish a Complaints Policy on our website.

Reserves Policy

The Trustees closely monitor the level of free reserves available to ensure there is sufficient financial flexibility in place. Until the end of 2023, the Reserve Policy was for ISD to hold a minimum of 3 months’ administration and operating costs based on projected support costs and governance costs excluding depreciation, travel, communications and publishing.

Total funds held at 31[st] December 2023 were £660,458 (2022: £881,808), of which:

In October 2023, the Board approved a new reserves policy and five-year financial sustainability model

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Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2023

that will progress the institution and enable us to withstand external shocks, leverage more project funding opportunities and promote longer-term budgeting and decision making. Beyond holding sufficient levels of reserves to ensure we can pay our immediate administrative and operational liabilities and remain a going concern, this policy asserts that from 2024 ISD will work towards building up the reserves necessary to pre-finance projects paid in arrears, to fund short term project financing gaps, and to mitigate against FX losses.

With ISD’s donor portfolio evolving to more contracts and commercial income, generally paid in arrears on delivery, we will need to increase our reserves level to ensure we still have sufficient financial flexibility in place to support our growth. By the end of 2027 we aim to build reserves equivalent to 20%30% of our total expenditure rather than 3 months’ administrative costs, including an additional sum for working capital. As a step towards this, in 2024 we aim to hold £350,000 in reserve.

Going Concern

At the time of approving the financial statements, after making appropriate enquiries, 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.

STATEMENT OF TRUSTEE RESPONSIBILITIES

The trustees (who are also directors of Institute for Strategic Dialogue for the purposes of company law) are responsible for preparing the trustees’ annual 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 charitable company and group and of the incoming resources and application of resources, including the income and expenditure, of the charitable company or group for that period.

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 charitable 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 charitable company and group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2023

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31[st] December 2023 was 7 (2022: 7). The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

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: 25 September 2024

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Independent Audit Report To the members of Institute for Strategic Dialogue

Opinion

We have audited the financial statements of Institute for Strategic Dialogue (the ‘charitable company’) for the year ended 31 December 2023 which comprise the statement of financial activities, balance sheet, statement of cash flows and 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 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 Institute for Strategic Dialogue'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.

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Independent Audit Report To the members of Institute for Strategic Dialogue

Other Information

The other information comprises the information included in the trustees’ 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, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the 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.

Opinions on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, 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.

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Independent Audit Report To the members of Institute for Strategic Dialogue

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.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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 are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

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Independent Audit Report To the members of Institute for Strategic Dialogue

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities . This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Noelia Serrano (Senior statutory auditor)

Date 25 September 2024

for and on behalf of Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, LONDON, EC1Y 0TG

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Institute for Dialogue Strategic

Statement of Financial Activities (Incorporating an income and expenditure account)

For the year ended 31 December 2023

Note
Income from:
2
3
3
3
4
5
5
5
5
7
Reconciliation of funds:
Total funds carried forward
Transfers between funds
Net movement in funds
Total funds brought forward
Net (expenditure) for the year
Action Programming
Research & Digital Analysis
Policy & Advisory
Raising funds
Total expenditure
Charitable activities
Action Programming
Research & Digital Analysis
Policy & Advisory
Investments
Other
Total income
Expenditure on:
Other trading activities
Donations and legacies
Charitable activities		 Unrestricted
£
931,826
147,073
1,316
3,279
181,567
1,113
20,440		 Restricted
£
-
1,642,608
1,348,740
1,438,630
-
-
-		 2023
Total
£
931,826
1,789,681
1,350,056
1,441,909
181,567
1,113
20,440
5,716,592
46,891
2,098,691
1,826,508
1,965,852
5,937,942
(221,350)
-
(221,350)
881,808
660,458		 Unrestricted
£
1,162,024
189,853
-
-
160,974
-
-		 2022
Restricted
Total
£
£
-
1,162,024
2,121,560
2,311,413
1,078,408
1,078,408
1,301,920
1,301,920
-
160,974
-
-
-
-
4,501,888
6,014,739
-
-
2,325,075
2,913,479
1,124,336
1,408,870
1,979,659
2,480,648
5,429,070
6,802,997
(927,182)
(788,258)
(28,377)
-
(955,559)
(788,258)
1,435,024
1,670,066
479,465
881,808
1,286,614 4,429,978 1,512,851
46,891
544,469
386,605
444,802		 -
1,554,222
1,439,903
1,521,050		 -
588,404
284,534
500,989
1,422,767 4,515,175 1,373,927
(136,153)
(8,430)		 (85,197)
8,430		 138,924
28,377
(144,583)
402,343		 (76,767)
479,465		 167,301
235,042
257,760 402,698 402,343

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 17a to the financial statements.

18

Institute for Strategic Dialogue

Balance Sheet

Balance Sheet Balance Sheet
For theyear ended 31 December 2023 Company no. 06581421
Note
£
Fixed assets:
12
Current assets:
13
802,377
247,504
1,049,881
Liabilities:
14
(423,661)
17a
34,238
223,522
Unrestricted income funds:
Designated funds (Fixed Assets)
Creditors: amounts falling due within one year
Total assets less current liabilities
Net current assets
Total net assets
Restricted income funds
General funds
Total unrestricted funds
Total charity funds
Cash at bank and in hand
Tangible assets
Debtors
The funds of the charity:		 2023
£
34,238		 £
1,100,016
303,805		 2022
£
43,260
34,238
626,220		 43,260
838,548
1,049,881
(423,661)		 1,403,821
(565,273)
34,238
223,522		 43,260
359,083
660,458 881,808
660,458 881,808
402,698
257,760		 479,465
402,343
660,458 881,808

Approved by the trustees on 25 September 2024 and signed on their behalf by

Mr Michael Lewis Chair Dated: 25 September 2024

19

Institute for Strategic Dialogue

Statement of Cash Flows

For the year ended 31 December 2023

Cash flows from operating activities
Net (expenditure) for the reporting period
(as per the statement of financial activities)
Depreciation charges
Dividends, interest and rent from investments
Loss on the disposal of fixed assets
Decrease in debtors
Decrease in creditors
Net cash (used in) operating activities
Analysis of cash and cash equivalents and of net debt
Cash at bank and in hand
Total cash and cash equivalents
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Net cash (used in) investing activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of fixed assets		 £
£
(221,350)
29,632
1,113
1,131
297,639
(141,612)
(33,447)
(1,113)
(21,741)
(22,854)
(56,301)
303,805
247,504
At 1 January
2023
Cash flows
£
£
303,805
(56,301)
303,805
(56,301)
2023		 £
£
(221,350)
29,632
1,113
1,131
297,639
(141,612)
(33,447)
(1,113)
(21,741)
(22,854)
(56,301)
303,805
247,504
At 1 January
2023
Cash flows
£
£
303,805
(56,301)
303,805
(56,301)
2023		 £
£
(788,258)
41,040
-
6,591
212,371
(8,959)
(537,215)
-
(23,093)
(23,093)
(560,308)
864,113
303,805
At 31
December
2023
£
247,504
247,504
2022		 £
£
(788,258)
41,040
-
6,591
212,371
(8,959)
(537,215)
-
(23,093)
(23,093)
(560,308)
864,113
303,805
At 31
December
2023
£
247,504
247,504
2022
(33,447)
(22,854)		 (537,215)
(23,093)
At 1 January
2023
£
303,805
(56,301)
303,805		 (560,308)
864,113
247,504 303,805
Cash flows
£
(56,301)		 At 31
December
2023
£
247,504
303,805 (56,301) 247,504

20

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2023

1 Accounting policies

a) Statutory information

Institute for Strategic Dialogue is a charitable company limited by guarantee and is incorporated in England and Wales.

The registered office address is 3rd Floor, 45 Albermarle Street, Mayfair, London, W1S 4JL.

b) Basis of preparation

The financial statements have been prepared in accordance with 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) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006/Charities Act 2011.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

c) Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

d) Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The Trustees have a reasonable expectation that the Charity has adequate resources to support the current level of expenditure and to continue in operational existance for the foreseeable future.

The Trustees approved a 5 year (2023-2027) global financial sustainability plan in October 2023 including an assessment of the required reserves level to ensure that ISD could mitigate any significant financial risks and had sufficient cash available to continue to operate. Robust monitoring processes are in place to ensure ISD remains agile and can adapt to any downturn in income. This includes regularly reviewing expenditure commitments, secured income, project forecasts, and ensuring cash is freely available.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

f) Donations of gifts, services and facilities

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

g) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

21

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2023

1 Accounting policies (continued)

h) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

i) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Costs of raising funds relate to the costs incurred by the charity in inducing third parties to make voluntary contributions to it,  as well as the cost of any activities with a fundraising purpose

Expenditure on charitable activities includes the costs of delivering programming, research, digital analysis, policy and  Advisory services undertaken to further the purposes of the charity and their associated support costs Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

j) Grants payable

Grants payable are made to third parties in furtherance of the charity's objects. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and that any condition attaching to the grant is outside of the control of the charity.

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

k) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned based on each charitable activity's proportion of total expenditure which is an estimate reflecting the staff time and resources attributable to each activity.

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

l) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

m) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Where fixed assets have been revalued, any excess between the revalued amount and the historic cost of the asset will be shown as a revaluation reserve in the balance sheet.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

 Leasehold land and buildings 5 years straight line method

 Fixtures and fittings 25% reducing balance method

 Computer and office equipment 3 years straight line method

 Website 3 years straight line method

22

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2023

1 Accounting policies (continued)

n) Foreign currency

Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction generated by the accounting system. Monetary assests and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date, and the gains and losses on translation are included in the statement of financial activities.

o) Debtors

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 trade discounts due.

p) Short term deposits

Short term deposits includes cash balances that are invested in accounts with a maturity date of between 3 and 12 months.

q) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users.

r) Creditors and provisions

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 trade discounts due.

23

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2023

2 Income from donations and legacies

OtheGrants from other ISD entities
Trusts and Foundations
Individuals and Major Gifts		 Unrestricted
£
907,607
15,000
9,219		 £
-
-
-
Restricted		 2023
Total
£
907,607
15,000
9,219		 Unrestricted
£
1,086,474
18,845
56,705		 2022
Total
£
£
-
1,086,474
-
18,845
-
56,705
-
1,162,024
Restricted
931,826 - 931,826 1,162,024

Grants from other ISD entities, specifically from ISD-US, were made to ISD to support the achievement of shared charitable objectives.

3 Income from charitable activities

Government and Multilateral Institutions
Trusts and Foundations
Corporates
Non-Profit Partners
Sub-total: Research & Digital Analysis
Government and Multilateral Institutions
Trusts and Foundations
Corporates
Non-Profit Partners
Sub-total: Policy & Advisory
Government and Multilateral Institutions
Trusts and Foundations
Corporates
Non-Profit Partners
Sub-total: Action Programming
Total income from charitable activities		 Unrestricted
£
-
-
-
147,073		 £
587,164
538,307
179,701
337,436
Restricted		 2023
Total
£
587,164
538,307
179,701
484,509		 Unrestricted
£
-
-
-
189,853		 2022
Total
£
£
405,665
405,665
270,735
270,735
336,501
336,501
1,108,659
1,298,512
2,121,560
2,311,413
986,478
986,478
-
-
62,084
62,084
29,846
29,846
1,078,408
1,078,408
1,118,864
1,118,864
-
-
75,980
75,980
107,076
107,076
1,301,920
1,301,920
4,501,888
4,691,741
Restricted
147,073
261
-
-
1,055		 1,642,608
1,257,032
16,302
59,474
15,932		 1,789,681
1,257,293
16,302
59,474
16,987		 189,853
-
-
-
-
1,316
-
-
2,155
1,124		 1,348,740
1,272,424
114,002
-
52,204		 1,350,056
1,272,424
114,002
2,155
53,328		 -
-
-
-
-
3,279 1,438,630 1,441,909 -
151,668 4,429,978 4,581,646 189,853

ISD receive Income from Governments and Multilateral Institutions directly and as sub-awards from other ISD entities.

This funding is from: US Department of State, European Union, UK Foreign, Commonwealth & Development Office, UK Department for Culture, Media and Sport, UK Home Office, Australian Government Department of Foreign Affairs, Danish Ministry of Foreign Affairs, New Zealand Department of Internal Affairs, Public Safety Canada, Canadian Privy Council, UNESCO, German Government and Ministerium der Finanzen des Landes.

4 Income from other trading activities

Sublease income 2023
2022
Total
Total
£
£
181,567
160,974
181,567
160,974

All income from trading activities is unrestricted.

24

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2023

5a Analysis of expenditure (current year)

Staff costs (Note 8)
ConConsultants and Employer of Record Staff
ConEvents and Convening
PartPartners, Grants and Service Providers
Office and Operating costs
Travel costs
ComCommunications and Publishing
IT and Cyber Security
Finance and Legal
HR and Organisational Development
Depreciation
Support costs
Governance costs
Total expenditure 2023
Total expenditure 2022		 Raising funds
£
39,344
-
-
-
-
-
-
-
-
-
-
39,344
7,346
201
46,891
-		 Charitable activities Action Programming
£
657,307
348,304
301,018
165,463
10,667
62,278
82,746
9,857
11,529
279
-
1,649,448
307,976
8,428
1,965,852
2,480,648		 Governance
costs
£
25,456
-
-
-
-
-
-
-
-
-
-
25,456
-
(25,456)
-
-		 Support costs
£
337,258
-
-
-
338,562
20,042
7,288
102,367
42,093
53,015
29,632
930,257
(930,257)
-
-
-		 2023
Total
£
2,770,232
1,074,309
660,882
399,988
367,716
191,819
187,493
123,758
77,503
54,610
29,632
5,937,942
-
-
5,937,942		 2022 Total
£
2,936,099
851,688
296,506
1,784,482
378,209
233,740
48,401
120,696
49,630
62,506
41,040
Research &
Digital Analysis
£
1,165,615
378,861
16,943
131,591
2,906
29,143
20,427
209
14,591
620
-
1,760,906
328,788
8,997
2,098,691
2,913,479		 Policy & Advisory
£
545,252
347,144
342,921
102,934
15,581
80,356
77,032
11,325
9,290
696
-
1,532,531
286,147
7,830
1,826,508
1,408,870
6,802,997
-
-
6,802,997

25

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2023

5b Analysis of expenditure (prior year)

Staff costs (Note 8)
ConConsultants and Employer of Record Staff
ConEvents and Convening
PartPartners, Grants and Service Providers
Office and Operating costs
Travel costs
ComCommunications and Publishing
IT and Cyber Security
Finance and Legal
HR and Organisational Development
Depreciation
Support costs
Governance costs
Total expenditure 2022		 Raising funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Charitable activities Charitable activities Governance
costs
£
28,330
-
-
-
-
-
-
-
-
-
-
28,330
-
(28,330)
-		 Support costs
£
364,585
-
-
-
318,841
5,282
8,592
120,696
49,630
62,506
41,040
971,172
(971,172)
-
-		 2022 Total
£
2,936,099
851,688
296,506
1,784,482
378,209
233,740
48,401
120,696
49,630
62,506
41,040
Research &
Digital Analysis
£
1,089,154
364,747
126,983
764,230
25,425
97,840
17,049
-
-
-
-
2,485,428
415,918
12,133
2,913,479		 Policy & Advisory
£
526,682
176,381
61,405
369,558
12,295
47,313
8,244
-
-
-
-
1,201,878
201,125
5,867
1,408,870		 Action Programming
£
927,348
310,560
108,118
650,694
21,648
83,305
14,516
-
-
-
-
2,116,189
354,129
10,330
2,480,648
6,802,997
-
-
6,802,997

26

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2023

6 Grant making

Pastoralist Women (PWLS)
Grantee
CEAPIRE
Fan Coaching asbl
ACT
Institute for Strategic Dialogue-US
Institute for Strategic Dialogue gGmbH
S.A.F.E.: Arts for Education
Jamji Action Centre
Tim Parry Johnathan Ball Foundation
Democracy Lab
Youth Bila Noma
At the end of the year
Midrift Hurinet Limited
WANA Institute
Isiolo Peace Link
Talented Youth Network (TYN)
Individualland
CZO Skopje
Isiolo Women of Faith
Roots
Nakuru County Youth Bunge Forum		 2023
£
310,188
42,750
27,831
6,272
4,397
4,867
3,683
-
-
-
-
-
-
-
-
-
-
-
-
-		 2022
£
87,724
362,795
13,563
18,652
-
-
5,474
94,780
58,087
57,021
33,691
31,825
29,762
7,017
6,357
5,336
5,333
2,997
2,733
2,035
399,988 825,182

In respect of the year ended 31 December 2023, of the total grants paid of £399,988 (2022: £825,182), £Nil (2022: £262,630) is attributable to unrestricted funds and £399,987 (2022: £562,552) is attributable to restricted funds. No grants were made to individuals.

7 Net (expenditure) for the year

This is stated after charging / (crediting):

2023 2022
£ £
Depreciation 29,632 41,040
Loss or (profit) on disposal of fixed assets 351 (6,593)
Operating lease rentals payable:
Property 237,823 237,823
Auditor's remuneration (excluding VAT):
Institutional audit 15,000 12,750
Project-specific audits and other services 14,700 7,250
Foreign exchange losses or (gains) 9,202 (10,451)

27

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2023

8 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:

Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes		 2023
2022
£
£
2,405,733
2,535,786
271,880
290,714
92,619
109,599
2,770,232
2,936,099

The following number of employees received employee benefits (excluding employer pension costs and employer's national insurance) during the year between:

during the year between:
2023 2022
No. No.
£60,000 - £69,999 4 8
£70,000 - £79,999 3 -
£80,000 - £89,999 2 1
£90,000 - £99,999 1 1
£100,000 - £109,999 1 1
£110,000 - £119,999 1 -
£120,000 - £129,999 - -
£130,000 - £139,999 - 1

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £214,431 (2022: £154,745). In September 2023, the key management personnel responsibilities changed from residing in one role (CEO) to two roles (the Managing Director and Chief Operating Officer).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

9 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 43 (2022: 51). The reduction in headcount correlates with an increase in both programmatic and operational roles across our sister entities in the US and Germany.

Staff are split across the activities of the charity as follows (% basis):

Charitable activities
Governance
Raising funds
Support
Average number of employees during the year		 2023
%
2%
85%
12%
1%		 2022
%
-
86%
13%
1%
43 51

28

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2023

10 Related party transactions

Donations of £23,000 (2022: £74,000) were received during the year from Trustees and from entities connected with Trustees. The Net funding received from other ISD entities connected with the Trustees are stated below.

Net funding received from other ISD entities: 2023 2022
£ £
Institute for Strategic Dialogue-US 911,643
 1,981,118
Institute for Strategic Dialogue gGmbH 1,139,557 286,839

There are no other donations from related parties which are outside the normal course of business and no restricted donations from related parties.

11 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

12 Tangible fixed assets

Tangible fixed assets
At the end of the year
Cost
At the start of the year
At the start of the year
Additions in year
Disposals in year
Depreciation
Eliminated on disposal
At the end of the year
Net book value
At the end of the year
At the start of the year
Charge for the year		 Leasehold
land and
buildings
£
39,226
-
-		 Fixtures and
fittings
£
20,787
-
(2,544)		 Computer and
office
equipment
£
158,373
16,741
(62,202)		 Website
£
-
5,000
-		 Total
£
218,386
21,741
(64,746)
39,226 18,243 112,912 5,000 175,381
29,468
7,845
-		 18,337
611
(2,351)		 127,321
21,176
(61,264)		 -
-
-		 175,126
29,632
(63,615)
37,313 16,597 87,233 - 141,143
1,913 1,646 25,679 5,000 34,238
9,758 2,450 31,052 - 43,260

All of the above assets are used for charitable purposes.

The disposals relates to damaged equipment during office flooding in 2023. £20,440 compensation was received from an insurance claim and is disclosed as other income in our Statement of Financial Activities.

29

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2023

13 Debtors

Other creditors
Trade debtors
Other debtors
Prepayments
Accrued income
Taxation and social security
Creditors: amounts falling due within one year
Accruals
Deferred income
Trade creditors		 2023
£
449,908
75,796
100,813
175,860		 2022
£
688,737
68,356
111,362
231,561
802,377 1,100,016
2023
£
111,392
108,399
36,762
128,230
38,878		 2022
£
254,072
94,854
36,947
142,326
37,074
423,661 565,273

14 Creditors: amounts falling due within one year

16a Analysis of net assets between funds (current year)

Analysis of net assets between funds (current year)
Analysis of net assets between funds (prior year)
Net assets at 31 December 2022
Net assets at 31 December 2023
Tangible fixed assets
Net current assets
Tangible fixed assets
Net current assets		 General
unrestricted
£
-
223,522		 Designated
£
34,238
-		 Restricted
£
-
402,698		 Total funds
£
34,238
626,220
223,522 34,238 402,698 660,458
General
unrestricted
£
-
359,083		 Designated
£
43,260
-		 Restricted
£
-
479,465		 Total funds
£
43,260
838,548
359,083 43,260 479,465 881,808

16b Analysis of net assets between funds (prior year)

30

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2023

17a Movements in funds (current year)

Total restricted funds
Total designated funds
General funds
Fixed Asset fund
Unrestricted funds:
Designated funds:
Policy & Advisory
Action Programming
Restricted funds:
Research & Digital Analysis
Total funds
Total unrestricted funds		 At 1 January
2023
£
96,628
175,817
207,020		 Income & gains
£
1,642,608
1,348,740
1,438,630		 Expenditure &
losses
£
(1,554,222)
(1,439,903)
(1,521,050)		 Transfers
£
22
6,865
1,543		 At 31 December
2023
£
185,036
91,519
126,143
479,465 4,429,978 (4,515,175) 8,430 402,698
43,260 - (9,022) - 34,238
43,260 - (9,022) - 34,238
359,083 1,286,614 (1,413,745) (8,430) 223,522
402,343 1,286,614 (1,422,767) (8,430) 257,760
881,808 5,716,592 (5,937,942) - 660,458

The narrative to explain the purpose of each fund is given at the foot of the note below.

17b Movements in funds (prior year)

Total restricted funds
Total designated funds
General funds
Total unrestricted funds
Action Programming
Total funds
Research & Digital Analysis
Unrestricted funds:
Designated funds:
fixed asset reserve
Restricted funds:
Policy & Advisory		 At 1 January
2022
£
280,708
251,165
903,151		 Income & gains
£
2,140,004
1,059,964
1,301,920		 Expenditure &
losses
£
(2,325,075)
(1,124,336)
(1,979,659)		 Transfers
£
991
(10,976)
(18,392)		 At 31 December
2022
£
96,628
175,817
207,020
1,435,024 4,501,888 (5,429,070) (28,377) 479,465
67,798 - (24,538) - 43,260
67,798 - (24,538) - 43,260
167,244 1,512,851 (1,349,389) 28,377 359,083
235,042 1,512,851 (1,373,927) 28,377 402,343
1,670,066 6,014,739 (6,802,997) - 881,808

Purposes of restricted funds

Restricted funds are funds donated to the charity to aid its work as an independent think and do tank which studies and develops policy and operational responses to the challenges of hate, extremism and disinformation.

Transfers occur when expendiutre is originally allocated to a restricted fund but is subsequently adjusted and allocated to general funds because of a lack of restricted project funds available .

Purposes of designated funds

We hold a designated fund representing the value of unrestricted funds held as fixed assets at the year end. Our General funds represent our free reserves.

31

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2023

18 Operating lease commitments payable as a lessee

The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods

Less than one year
One to five years		 2023
2022
£
£
64,506
237,823
-
64,506
64,506
302,329

19 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

32