OpenCharities

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

2024-12-31-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 2024

Institute for Strategic Dialogue Contents For the year ended 31 December 2024

Contents 2
Reference and administrative information 3
Trustees’ annual report 4
Independent audit report 16
Statement of financial activities 21
Balance sheet 22
Statement of cash flows 23
Notes to the financial statements 24

2

Institute for Strategic Dialogue Legal and Administrative Information For the year ended 31 December 2024

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr Michael Lewis
Mr Stuart Fiertz
Mr Mark Bergman (Resigned 31 December 2024)
Dr Serra Kirdar
Mr Edward Williams
Mr Konstantin Von Unger (Resigned 31 December 2024)
Mr Stephen Zinser
Sir Michael Davis (Appointed 22 January 2024)
Mr Christopher Rice (Appointed 24 April 2024,
Resigned 31 December 2024)
Lord Aamer Sarfraz (Appointed 4 June 2024)
Baroness Joanna Shields (Appointed 8 September 2025)
Charity number 1141069
Company number 06581421
Registered office 3rdFloor
45 Albemarle Street
London
W1S 4JL
Auditor Sayer Vincent LLP
110 Golden Lane
London
EC1Y 0TG
Bankers Lloyds Bank plc.
25 Gresham Street
London
EC2V 7HN

3

Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2024

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 2024.

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/ ISD UK) 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 Leadership Team and Director of Finance.

The Leadership Team is 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, with sister organisations in the US, Germany, France and Jordan. They are separate legal entities that share a vision and mission:

4

Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2024

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 strategic, programmatic and 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 of comparative roles.

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 organisation, 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.

5

Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2024

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 for legal risk
clearance; all publications which pass a risk threshold are
reviewed by a libel Barrister ahead of publication; right-to-
respond protocols in place for named actors in
publications;Complaints Policy published on website.
Institutional:The operating
environments in which ISD works
becomes hostile or politicised.ISD is
subject of legal action brought in bad
faith to undermine work.		 Lawyers retained to help guard against and advise upon
ongoing institutional protection; pro bono lawyers
engaged for support on specific issues; scenario planning
exercises undertaken and Risk Register updated regularly;
risk averse approach taken for institutionalprotection.
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 staff;
protocols for managing the risk of harm on social media in
place; psychosocial and wellbeing support (mental health
first aider; harmful content & flagging protocol;
counselling; health & wellbeing offer); protocols to
maintain security of staff information like addresses;
outside-office physical security review of staff to be
conducted in 2025; Critical Incident Management Plan
enhanced in 2024.
Cyber Security & Data Protection:Data
protection failure or cybersecurity attack
on ISD.		 Trusted IT & security providers retained; 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 improvements to all DP systems conducted in
2024,with findings fullyimplemented in 2025.

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.

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.

6

Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2024

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, weaponised hate and information operations. Combining research and analysis with policy advisory, training, capacity building and educational programmes, ISD is at the forefront of forging real-world, evidence-based responses to these challenges.

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, weaponised hate and information operations. 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 communities to turn the tide against these threats.

ACHIEVEMENTS AND PERFORMANCE

ISD delivered impactful work in 2024 to safeguard public safety, national security and democracy, and to deliver to its mission of educating the public on the issue areas of extremism, weaponised hate and information operations. We achieved our charitable objectives against a challenging geopolitical backdrop through our three types of activity:

  1. RESEARCH & ANALYSIS – ISD combines sector-leading expertise and research with advanced digital analysis that identifies and tracks information operations, weaponised hate, terrorism and extremism in real time. Our Digital Analysis Unit has been at the forefront of analysing audiences, networks and content online to accurately interpret the risks posed by the hybridised nature of these threats. This ensures that ISD is consistently ahead of the curve in predicting and understanding developments in these areas.

  2. POLICY & ADVISORY SERVICES – Our research shapes policy makers’ and the public’s understanding of evolving threats in the issue areas on which we work. ISD provides strategic advice, support and training to practitioners, local and national governments, multilateral institutions and the public. We also convene policy makers and inter-governmental groups for information exchanges.

  3. ACTION PROGRAMMING – ISD innovates, trials and scales cutting-edge interventions that empower cities, practitioners, individuals and civil society organisations to understand and mitigate the harms posed by weaponised hate, extremism and information operations. From our digital education and communications programmes to our training and direct interventions

7

Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2024

with at-risk individuals, we build resilience 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.

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 programming and examples of uptake and use of ISD’s research findings.

In 2024, key indicators of performance against our three areas of activity were set as the following, and all were achieved as outlined in the description of programming captured below:

Research & Analysis Policy & Advisory Services Action Programming
•
Monitor, research and
provide analysis on ISD’s
issue areas as relate to 4
global elections
•
Produce case studies on
information operations and
hostile state activity in the
context of 4 global elections
•
Provide commentary over
100 times in national media
on ISD’s issue areas
•
Publish 50 reports,
explainers or dispatches		 •
Publish 1 UK-focused policy
paper on the hybridised
threat landscape
•
Produce 1 internationally
focused policy paper on
ISD’s issue areas
•
Provide analysis and
briefings to 3 UK
government departments
and/or Parliament on ISD’s
issue areas
•
Respond to emerging
national and international
events with rapid briefings,
policy and action
recommendations		 •
Engage with 250+ cities
through Strong Cities
•
Host 1 Strong Cities Global
Summit attended by 100
cities
•
Map violent extremism
initiatives through 3 Strong
Cities Regional Hubs
•
Deliver training to 100
practitioners, policy makers
or local government leaders

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 workplan is developed and used to monitor progress during weekly and monthly project meetings. Objectives are reviewed for relevance and progress throughout the project lifecycle. 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 2024:

8

Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2024

Research & Analysis

9

Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2024

Policy & Advisory

10

Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2024

Action programming

MEDIA AND COMMUNICATIONS

During 2024, ISD published 36 report-style publications along with 92 Digital Dispatches and 10 Explainers, which were created to achieve our charitable objective of informing the public, policy makers and other stakeholders on trends and analysis on hate, extremism and information operations. These publications included analysis of online activity, with accompanying policy recommendations, related to major events such as the Southport riots, the Israel-Gaza conflict, and elections in Germany, South Africa, Ireland, the UK and more.

A peak of media requests occurred in October 2024, following the surge of conspiracy theories, some of which were antisemitic, in the wake of hurricanes Helene and Milton in the US. ISD analysts quickly produced a Dispatch on attempts to exploit the hurricanes by pro-Kremlin networks, extremists, and some politicians. Our work received extensive coverage across a wide spectrum of outlets, including The New York Times, The Globe and Mail, Forbes, Mother Jones, Wired, MSNBC, Fox, The Associated Press, The Guardian and more.

ISD’s sector-leading analysis on multiple elections across 2024 also received consistent news coverage across the globe. As a result of our work on the Irish elections, ISD analysts contributed to 21 separate pieces of media on radio, TV, newspapers and digital media during the project period. This includes front page coverage of ISD’s political violence analysis; two op-eds on far-right trends during the elections; and eight radio interviews discussing events such the Coolock anti-immigration riots and the popularity

11

Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2024

of far-right conspiracy theories in Ireland, with ISD commentary featured in the Irish Times, the Journal, RTÉ and more. The conspiracy guide for MPs and election candidates that ISD fed into alongside other expert groups received significant media attention, including from the Guardian, the BBC, Jewish News and Metro.

Finally, the Israel-Gaza conflict remained a major focus of our work in 2024 and continued to appear in international media coverage, with our team speaking to the New York Times and Bloomberg about foreign actors’ online activity regarding protests over the war in Gaza taking place across US campuses.

OPERATIONS

We completed a number of important initiatives in support of ISD’s operations in 2024, including a data protection audit, governance audit, and an internal review of all our safeguarding and wellbeing policies and practices. We rolled out additional IT & cybersecurity measures; thoroughly reviewed and updated our policies, handbooks, resources and training across the organisation; and updated all our governance structures. These improvements to our core systems and processes meant that we started 2025 in a robust organisational position.

ISD actively managed approximately 41 concurrent projects valued at £4.9 million throughout their lifecycles in 2024, with £4.5 million generated in restricted income. In addition to managing this large portfolio, we invested in improving project data and better sharing project information across the organisation. Throughout 2024, we held regular workstream and entity-level dashboard meetings that allow the leadership team and Directors to track resources and progress against our strategic priorities. Over the last quarter of 2024, we also used data collected from the dashboards to provide Directors with a baseline for setting priorities for their workstreams for the coming year, refining their strategic decision-making and planning through this data-driven approach.

ISD continued to play a significant role in the expansion of work situated in our sister entities in 2024, with staff providing effective support to other ISD teams delivering strategically important projects. This included supporting on the rapid response analysis work delivered by ISD-US in the lead up to and after the 2024 US Election; securing and delivering a €1m grant by the European Commission DirectorateGeneral for Communications Networks, Content and Technology to ISD Germany; and supporting on a successful tender submission for the second phase of this work.

FUTURE PLANS

In 2025, ISD will continue to deliver its work internationally and work with partners, including our sister organisations in the US, Germany, France and Jordan.

Implementation of the Foreign Influence Registration Scheme (FIRS), commencing on 1 July 2025, will provide ISD with further opportunities to engage government on adequately tackling hybridised threats from state actors. Given that both UK and European policy stakeholders have a renewed interest in collaboration and convergence, we will be able to focus on creating shared understanding and transnational policy and practical responses.

12

Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2024

We will continue to lean into engagement with the ‘Four Eyes’ countries in 2025. Our partnership with the Canadian government has substantially grown over the last few years and is set to further expand across our extremism and foreign interference areas of work. We also see new opportunities for engagement with the Australian government, having fed into their counter-extremism strategy, and our long-standing relationship with New Zealand will likely continue.

In fundraising, we will seek to secure more multi-year contracts and grants, and develop funding relationships with foundations in the UK and Europe as well as building more programmes as part of consortia. We will also focus fundraising efforts on increasing the number of service contracts delivered.

Financial review

Total income in 2024 was £6.1 million (2023: £5.7 million) representing funding from a diverse, global group of Non-Profit Partners, Trusts and Foundations, Government and Multilateral Institutions, Individuals and Corporates. We achieved 7% growth this year and expect continued growth in 2025.

We have undertaken an ambitious portfolio of projects and programmes in 2024 and have ensured that our key activities are well funded. Our expenditure includes £2.9m (2023: £2.1m) for Research & Digital Analysis; £1.7m (2023: £1.8m) for Policy & Advisory; and £1.4m (2023: £2.0m) for Action Programming. We have continued investing in dedicated business development personnel in 2024 - £35,029 (2023: £46,891). Net income for the year was £126,495 (2023: (£221,350) Net expenditure). £219,781 of this is unrestricted exceeding our reserves plan by £113,991.

At 31st December 2024, unrestricted funds were £477,541 (2023: £257,760) and restricted funds were £309,412 (2023: £402,698) demonstrating that we are achieving our five-year financial sustainability model and 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 2024, 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.

13

Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2024

Reserves Policy

The Board regularly reviews progress against our reserves policy and five-year financial sustainability model (2023-2027) 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 our donor portfolio evolving with more income 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.

Total funds held at 31[st] December 2024 were £799,465 (2023: £660,458), of which:

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:

14

Institute for Strategic Dialogue Trustees’ Annual Report For the year ended 31 December 2024

have been followed, subject to any material departures disclosed and explained in the financial statements

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

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.

The Trustees 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 December 2024 was 7 (2023: 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 Stuart Fiertz

Chair of Trustees Dated: 22 September 2025

15

Independent auditor’s 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 2024 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.

16

Independent auditor’s 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:

17

Independent auditor’s report To the members of Institute for Strategic Dialogue

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.

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:

18

Independent auditor’s 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.

19

Independent auditor’s report To the members of Institute for Strategic Dialogue

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 23 September 2025

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

20

Institute for Strategic Dialogue

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

For the year ended 31 December 2024

Note
Income from:
2
3
3
3
4
5
5
5
5
7
Reconciliation of funds:
Donations and legacies
Charitable activities
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
Total funds brought forward
Net income/(expenditure) for the year
Total funds carried forward
Transfers between funds
Net movement in funds		 Unrestricted
£
1,243,044
238,727
87,998
30,302
30,424
18,642
-		 Restricted
£
-
2,175,455
1,251,029
1,050,214
-
-
-		 2024
Total
£
1,243,044
2,414,182
1,339,027
1,080,516
30,424
18,642
-		 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
1,649,137 4,476,698 6,125,835 1,286,614 4,429,978 5,716,592
35,029
607,234
425,900
361,193		 -
2,258,438
1,232,822
1,078,724		 35,029
2,865,672
1,658,722
1,439,917		 46,891
544,469
386,605
444,802		 -
1,554,222
1,439,903
1,521,050		 46,891
2,098,691
1,826,508
1,965,852
1,429,356 4,569,984 5,999,340 1,422,767 4,515,175 5,937,942
219,781
-		 (93,286)
-		 126,495
-		 (136,153)
(8,430)		 (85,197)
8,430		 (221,350)
-
219,781
257,760		 (93,286)
402,698		 126,495
660,458		 (144,583)
402,343		 (76,767)
479,465		 (221,350)
881,808
477,541 309,412 786,953 257,760 402,698 660,458

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 16a to the financial statements.

21

Institute for Strategic Dialogue

Balance Sheet

Balance Sheet Balance Sheet
For theyear ended 31 December 2024 Company no. 06581421
Note
£
Fixed assets:
12
Current assets:
13
529,485
553,190
1,082,675
Liabilities:
14
(311,022)
16a
15,300
462,241
The funds of the charity:
Cash at bank and in hand
Tangible assets
Debtors
Net current assets
Total net assets
Restricted income funds
General funds
Total unrestricted funds
Total charity funds
Unrestricted income funds:
Designated funds (Fixed Assets)
Creditors: amounts falling due within one year
Total assets less current liabilities		 2024
£
£
15,300
15,300
802,377
247,504
1,049,881
(423,661)
771,653
786,953
786,953
309,412
34,238
223,522
477,541
786,953		 2023
£
34,238
34,238
626,220
1,082,675
(311,022)
15,300
462,241
660,458
660,458
402,698
257,760
660,458

Approved by the trustees on 22 September 2025 and signed on their behalf by

Mr Stuart Fiertz Chair

22

Institute for Strategic Dialogue

Statement of Cash Flows

For the year ended 31 December 2024

Cash flows from operating activities
Net income / (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 provided by / (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 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
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year		 £
£
126,495
18,673
(18,642)
8,471
272,892
(112,639)
295,250
18,642
(8,206)
10,436
305,686
247,504
553,190
At 1 January
2024
Cash flows
£
£
247,504
305,686
247,504
305,686
2024		 £
£
126,495
18,673
(18,642)
8,471
272,892
(112,639)
295,250
18,642
(8,206)
10,436
305,686
247,504
553,190
At 1 January
2024
Cash flows
£
£
247,504
305,686
247,504
305,686
2024		 £
£
(221,350)
29,632
(1,113)
1,131
297,639
(141,612)
(35,673)
1,113
(21,741)
(20,628)
(56,301)
303,805
247,504
At 31
December
2024
£
553,190
2023		 £
£
(221,350)
29,632
(1,113)
1,131
297,639
(141,612)
(35,673)
1,113
(21,741)
(20,628)
(56,301)
303,805
247,504
At 31
December
2024
£
553,190
2023
295,250
10,436		 (35,673)
(20,628)
At 1 January
2024
£
247,504
305,686
247,504		 (56,301)
303,805
553,190 247,504
Cash flows
£
305,686		 At 31
December
2024
£
553,190
247,504 305,686 553,190

23

For the year ended 31 December 2024

Institute for Strategic Dialogue

Notes to the financial statements

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 Albemarle 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 existence 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. Progress against this plan has so far been successful and this was reviewed again by the Board in July 2025. 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.

24

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2024

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:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

j) Grants 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:

25

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2024

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 assets 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.

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.

2 Income from donations and legacies

OtheGrants from other ISD entities
Trusts and Foundations
Individuals and Major Gifts		 Unrestricted
£
1,134,755
-
108,289		 £
-
-
-
Restricted		 2024
Total
£
1,134,755
-
108,289		 Unrestricted
£
907,607
15,000
9,219		 £
-
-
-
Restricted		 2023
Total
£
907,607
15,000
9,219
1,243,044 - 1,243,044 931,826 - 931,826

Grants from other ISD entities, specifically from ISD-US, were made to ISD to support the achievement of shared charitable objectives. Income from Individuals and Major Gifts includes £38,527 Gift Aid (2023: Nil).

26

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2024

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
£
131,935
-
52,828
53,964		 £
1,064,192
540,462
-
570,801
Restricted		 2024
Total
£
1,196,127
540,462
52,828
624,765		 Unrestricted
£
-
-
-
147,073		 £
587,164
538,307
179,701
337,436
Restricted		 2023
Total
£
587,164
538,307
179,701
484,509
238,727
456
-
78,638
8,904		 2,175,455
861,119
238,924
106,217
44,769		 2,414,182
861,575
238,924
184,855
53,673		 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
87,998
13
-
-
30,289		 1,251,029
899,568
83,499
-
67,147		 1,339,027
899,581
83,499
-
97,436		 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
30,302 1,050,214 1,080,516 3,279 1,438,630 1,441,909
357,027 4,476,698 4,833,725 151,668 4,429,978 4,581,646

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.

Sublease income

2024
Total
£
30,424		 2023
Total
£
181,567
30,424 181,567

All income from trading activities is unrestricted.

27

For the year ended 31 December 2024

Institute for Strategic Dialogue

Notes to the financial statements

5a Analysis of expenditure (current year)

Staff costs (Note 8)
ConsConsultants and Employer of Record Staff
ConfEvents 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 2024
Total expenditure 2023		 Raising funds
£
35,029
-
-
-
-
-
-
-
-
-		 Charitable activities Governance
costs
£
13,652
-
-
-
-
-
-
-
16,750
-
-		 Support costs
£
330,515
-
-
-
151,283
-
15,490
130,688
54,120
90,571
26,316		 2024
Total
£
2,652,814
814,734
513,969
1,170,424
240,442
123,599
113,906
163,141
78,358
101,637
26,316		 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
Research &
Digital Analysis
£
1,207,621
320,868
6,265
851,015
15,921
29,316
12,272
19,803
4,088
9
-		 Policy & Advisory
£
644,530
238,413
253,819
155,349
37,085
44,401
41,060
5,771
2,111
5,524
-		 Action Programming
£
421,467
255,453
253,885
164,060
36,153
49,882
45,084
6,879
1,289
5,533
-
35,029
-
-		 2,467,178
383,887
14,607		 1,428,063
222,204
8,455		 1,239,685
192,892
7,340		 30,402
-
(30,402)		 798,983
(798,983)
-		 5,999,340
-
-		 5,937,942
-
-
35,029 2,865,672 1,658,722 1,439,917 - - 5,999,340 5,937,942
46,891 2,098,691 1,826,508 1,965,852 - -

28

Institute for Strategic Dialogue

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2024

5b Analysis of expenditure (prior year)

Staff costs (Note 8)
ConsConsultants and Employer of Record Staff
ConfEvents 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		 Raising funds
£
39,344
-
-
-
-
-
-
-
-
-
-		 Charitable activities Governance
costs
£
25,456
-
-
-
-
-
-
-
-
-
-		 Support costs
£
337,258
-
-
-
338,562
20,042
7,288
102,367
42,093
53,015
29,632		 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
Research &
Digital Analysis
£
1,165,615
378,861
16,943
131,591
2,906
29,143
20,427
209
14,591
620
-		 Policy & Advisory
£
545,252
347,144
342,921
102,934
15,581
80,356
77,032
11,325
9,290
696
-		 Action Programming
£
657,307
348,304
301,018
165,463
10,667
62,278
82,746
9,857
11,529
279
-
39,344
7,346
201		 1,760,906
328,788
8,997		 1,532,531
286,147
7,830		 1,649,448
307,976
8,428		 25,456
-
(25,456)		 930,257
(930,257)
-		 5,937,942
-
-
46,891 2,098,691 1,826,508 1,965,852 - - 5,937,942

29

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2024

6 Grant making

CASM Technology LLP
Agence France-Presse Gestion Commerciale
At the end of the year
Talented Youth Network (TYN)
Individualland
Roots
Institute for Strategic Dialogue gGmbH
Grantee
CEAPIRE
Fan Coaching asbl
Institute for Strategic Dialogue-US		 2024
£
363,710
229,152
44,356
12,850
395
-
-
-
-		 2023
£
310,188
42,750
-
-
27,831
6,272
4,397
4,867
3,683
650,463 399,988

In respect of the year ended 31 December 2024, of the total grants paid of £650,464 (2023: £399,988), £166,807 (2023: £Nil) is attributable to unrestricted funds and £483,262 (2023: £399,988) is attributable to restricted funds. No grants were made to individuals.

7 Net income/(expenditure) for the year

This is stated after charging / (crediting):

This is stated after charging / (crediting):
2024 2023
£ £
Depreciation 18,673 29,632
Loss on disposal of fixed assets 8,471 351
Operating lease rentals payable:
Property 117,395 237,823
Auditor's remuneration (excluding VAT):
Institutional audit 16,750 15,000
Project-specific audits and other services 2,400 14,700
Foreign exchange losses 47,818 9,202

30

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2024

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
One-off employer contribution to defined contribution pension schemes		 2024
£
2,272,947
236,515
94,423
48,929		 2023
£
2,405,733
271,880
92,619
-
2,652,814 2,770,232

The pension scheme changed from a Net pay scheme to a salary sacrifice scheme in April 2024. There was a one-off employer contribution to defined contribution pension schemes for some employees relating to a recalculation of contributions from previous years.

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

£60,000 - £69,999
£70,000 - £79,999
£80,000 - £89,999
£90,000 - £99,999
£100,000 - £109,999
£110,000 - £119,999		 2024
No.
3
4
1
-
1
1		 2023
No.
4
3
2
1
1
1
10 12

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £257,511 (2023: £214,431).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2023: £nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £nil).

9

Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 42 (2023: 43). 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):

Average number of employees during the year
Governance
Raising funds
Support

Charitable activities		 2024
%
1%
86%
12%
1%		 2023
%
2%
85%
12%
1%
42 43

Average number of employees during the year

31

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2024

10 Related party transactions

Donations of £69,500 (2023: £23,000) 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: 2024 2023
£ £
Institute for Strategic Dialogue-US 1,427,646 911,643
Institute for Strategic Dialogue gGmbH 1,034,719 1,139,557

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

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
At the end of the year
Cost
At the start of the year		 Leasehold
land and
buildings
£
39,226
-
(39,226)		 Fixtures and
fittings
£
18,243
-
(18,243)		 Computer and
office
equipment
£
112,912
8,206
(8,729)		 Website
£
5,000
-
(5,000)		 Total
£
175,381
8,206
(71,198)
- - 112,389 - 112,389
37,313
1,913
(39,226)		 16,597
-
(16,597)		 87,233
16,760
(6,904)		 -
-
-		 141,143
18,673
(62,727)
- - 97,089 - 97,089
- - 15,300 - 15,300
1,913 1,646 25,679 5,000 34,238

All of the above assets are used for charitable purposes.

The disposals relate to office fixings and layout improvements that no longer had any value once we terminated our lease. Some furniture and equipment was sold and this is disclosed as other income in our Statement of Financial Activities.

32

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2024

13 Debtors

Accruals
Taxation and social security
Other creditors
Trade creditors
Creditors: amounts falling due within one year
Deferred income
Trade debtors
Other debtors
Prepayments
Accrued income		 2024
£
188,963
48,343
48,996
243,183		 2023
£
449,908
75,796
100,813
175,860
529,485 802,377
2024
£
111,926
175,237
23,859
-
-		 2023
£
111,392
128,230
108,399
36,762
38,878
311,022 423,661

14 Creditors: amounts falling due within one year

15a Analysis of net assets between funds (current year)

Analysis of net assets between funds (current year)
Tangible fixed assets
Net current assets
Net assets at 31 December 2023
Net assets at 31 December 2024
Tangible fixed assets
Net current assets
Analysis of net assets between funds (prior year)		 General
unrestricted
£
-
462,241		 Designated
£
15,300
-		 Restricted
£
-
309,412		 Total funds
£
15,300
771,653
462,241 15,300 309,412 786,953
General
unrestricted
£
-
223,522		 Designated
£
34,238
-		 Restricted
£
-
402,698		 Total funds
£
34,238
626,220
223,522 34,238 402,698 660,458

15b Analysis of net assets between funds (prior year)

33

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2024

16a Movements in funds (current year)

Movements in funds (current year)
Total restricted funds
Total designated funds
General funds
Total unrestricted funds
Restricted funds:
Research & Digital Analysis
Total funds
Fixed Asset fund
Unrestricted funds:
Designated funds:
Policy & Advisory
Action Programming		 At 1 January
2024
£
185,036
91,519
126,143		 Income & gains
£
2,175,455
1,251,029
1,050,214		 Expenditure &
losses
£
(2,258,440)
(1,232,821)
(1,078,723)		 Transfers
£
-
-
-		 At 31 December
2024
£
102,051
109,727
97,634
402,698 4,476,698 (4,569,984) - 309,412
34,238 - (18,938) - 15,300
34,238 - (18,938) - 15,300
223,522 1,649,137 (1,410,418) - 462,241
257,760 1,649,137 (1,429,356) - 477,541
660,458 6,125,835 (5,999,340) - 786,953

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

16b Movements in funds (prior year)

Movements in funds (prior year)
Total restricted funds
Total designated funds
General funds
Total unrestricted funds
Action Programming
Research & Digital Analysis
Unrestricted funds:
Designated funds:
fixed asset reserve
Restricted funds:
Policy & Advisory
Total 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 1 January
2024
£
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

34

Institute for Strategic Dialogue

Notes to the financial statements

For the year ended 31 December 2024

Purposes of restricted funds

Restricted funds are funds donated to the charity to aid its work in one or more of the following ways:

1. Research & Digital Analysis - ISD combines sector-leading expertise and research with advanced digital analysis that identifies and tracks information operations, weaponised hate, terrorism and extremism in real time.

2. Policy & Advisory - Our research shapes policy makers’ and the public’s understanding of evolving threats in the issue areas on which we work. ISD provides strategic advice, support and training and also convenes policy makers and inter-governmental groups for information exchanges.

3. Action Programming - ISD innovates, trials and scales cutting-edge interventions that empower cities, practitioners, individuals and civil society organisations to understand and mitigate the harms posed by weaponized hate, extremism and information operations.

Purposes of unrestricted 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.

Transfers occur when expenditure 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.

17 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. Our lease ended in 2024 and that lease commitment is no longer payable.

Less than one year
One to five years		 2024
£
33,518
-		 2023
£
64,506
-
33,518 64,506

18 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.

35