2023-03-31-accounts

Company number: 3079904 Charity Number. 1049160 Anti-SLavery International Report and financial statements For the year ending 31 March 2023

Anti-slavery International Contènts For the year ended 31 March 2023 Table of Contents REFERENCE AND ADMINISTRATIVE INFORMATION.............. . TRUSTEES. ANNUAL REPORT........................................................................... INTRODUCTION............................................................ OBIECTIVES............................................................................................................................................................. OUR 2020-25 STRATEGY AND APPROACH................................. OUR WORK IN 2022-23....................................................................................................................................... Ending Childslavery.......................................................................................................................................... Responsible Busine55 ........................................................................................................................................ Migration and Trafficking.................................................................................................................................. Siaveryand Climate Change........................................................................................................................ io FUNDRAISING AND COMMUNICATIONS.................................................................................................. 10 RISK AND FINANCE................ li Risk Management............................................................................................................................................. li Finance Review......................................................................-...............................................-.......................... 12 Reserves Policy............................................................................................................................ .................... 13 Going Concern.......................................... .13 STRUCTURE, GOVERNANCE AND MANAGEMENT................................................................................ 14 Remuneration Policy for Key Management Personnel... Key Personnel Changes 2022/23................................................................................................................ 14 Statemerpt of the Responsibilities of the Trustees................................................................................. 14 Plans for 2023/24............................................................................................................................................ 15 .14 INDEPENDENT AUDITOR'S REPORT................................................................................................................16 sTATEmEr￿ OF FINANCIAL ACTIVITIES..... ..20 BALANCE SHEET........................ ...........................................................................................................................21 STATEMENT OF CASHFLOWS.........................................................................................................................22 NOTES TO THE FINANCIAL STATEMENTS...................................................................................................23

Anti-slavery International Rèference and admlnistrative information Fur Ule yÈal' ei)ded 31 March 2023 REFERENCE AND ADMINISTRATIVE INFORMATION Company number Country of incorporation 3079904 United Kingdom Charity nurnber Country of registration 1049160 England and Wales Registered office and operational addre55 Thornas Clarkson House The Stableyard Broomgrove Road London SW9 9TL Trustees Trustees, who are also directors under company law. who setved during the year and up to the date of this report were as follows: Sunil Sheth Roxanne Abdulali Peter Freedman Frances Morris-jones Tom PaLakudiyil Anood Al-samerai Fiona Hill Ben Rawlings Adil Shah Soumya Singh Judy Lister Chair Treasurer resigned 29 March 2023 resigned 22 September 2022 resigned 28 March 2023 Principal staff Jasrnine O'connor Chief Executive Officer Bankers Barclays Bank PLC, P.0. Box 270, London. SE15 4RD Auditor Sayer Vincer)t LLP. Chartered Accountants and Statutory Auditors. Invicta House. 108-114 Golden Lane. London ECIY OTL Solicitors Stone King LLP, Boundary House. 91 Charterhouse Street London. ECIM 6HR

Anti-slavery Intèrnational Trustees, Annual Report For thé year ended 31 March 2023 TRUSTEES, ANNUAL REPORT INTRODUCTION The trustees present their report and the audbted financial statements for the year ended 31 March 2023. Over the course of this year, we have begun to see the work under our 2020-2025 strategy bear fruit. We have seen encouraging progress in the long campaign to strengthen laws at EU level to protect workers in supply chains and our work to see the UK make similar progre55 has ramped up. We have secured excitir)g new funding to expand our work on Climate Change and Slavery and begin to build a campaign to address the entrenched system of Kafala, which is used to control and exploit tens of millions of migrant worker5. in the Gulf Co-operation Countries. We have contirTrued to grow our overall income £3.5m to £3.9m and strengthen our staff team to deliver our ambitious programmes of work. Changing systems does not happen overnight ittakes time. And we know that even when change has been secured, we need to defend progress that has been made. We are grateful to all our donors. supporters, members and partners, for their steadfast commitment This report and financial statements comply with current statutory requirements, the memorandum and articles of association and the Ststement of Recommended Practice Accounting and Reporting by Charities.. SORP applicable to charities preparing their accounts in accordance with FRS 102. The report and financial statements also comply with the Companies Act 2006 as the company was incorporated by guarantee on 14 July 1995 as Anti-slavery International Ltd. It has no share capital and is a registered charty. Reference and administrative information set out on page 3 form part of this report. OBJECTIVES The trustees confirm that they have complied wrth the duty in Part I, Section 4 0* the Charities Act 2006 to have due regard to the Charity Commission's general guidance on public benefrt, 'Charities and Public Benefit, Anti-slavery InternationaL founded in 1839, is the world's oldest international human rights organisation. The Charity's objects are..

Anti-slavery International Trustees, Annual Report Forthe year ended 31 Marth 2023 l. Thp pl iminatinn nf %lxvpry, thp. qlavp trade and all forms of unlawful forced laboLtr and unlawful deprivation of fr￿d0￿ a5 from time to time mentioned in the slavery Convention of 1926, the Supplementary Convention on the Abolition of Slavery. the Slave Trade, and Institutions and Practices Similar to Slavery of 1956 and any other international tre3tie5 conventions or covenants prepared and eXec￿ed or signed under the auspices of the United Nations., and 2. The advancement of public education concerning the rights of indigenous peoples- and 3. The advancement of public education concerning human rights as set forth in the United Nations Universal Declaration of Human Rights of 1948 and concerning human rights abuse. VISION. MISSION AND VALUES Vision- Freedom from slavery for everyone. everywhere. always Mission: We exist to make ending slavery everyone's concern. We are an ally to survivors and people at risk of slavery. Together, we challenge and change law. policy. and practice so everyone, everywhere can be free from slavery. VaLues: Dynamic We commit to learning and continuous improvement and do not assume yesterday's ideas will work today. We are flexible, open-minded, tske calcuLated risks and respond to opportunities. Inclusive We believe that everyone ha5 a role in ending slavery, we make sure every voice is respected and nurture diverse perspectwes and partnerships to create better solution5. We make sure that those with direct experience of slavery and survivors inform our work. Transformative We are determined. taking considered and courageous action that has lasting, systemic impact with humans at its heart OUR 2020-25 STRATEGY AND APPROACH We have identified five strategic priorities ourselves and the wider anti-slavery movement need to address to help power international efforts to end slavery.. System Change We want to see sustainable. long-term change to the root causes and systems which under-pin and drive slavery. Systemic change must involve all actors, including governments, business and civil society. and changes must have effect in law, policy, and practice. Survivors, voice

Anti-slavery Internatronal Trustees, Annual Report For the year ended 31 March 2023 Sutvivors. voices are crucial to understanding and addressing slavery. Effective alld ethical survivor engagement must be the norm. throughout our movement Movement Building To be most effertive in a changing worLd, the global anti-slavery movement would benefit from more effective coordination and more coherent planning. Power needs to be distributed more fairly across the movement with more representation of survivor-led and southern-led organisations in gLobal policymaking. iv. Framing the issue The current and emerging movement has placed slavery on political agendas, but more work is required to create effective ways of presenting issues. so they remain a priority. responses are galvanised, and change is secured. Legal Frameworks International human rights instruments are under threat globally and are not being used to their full extent to end slavery. While most countries have ratified instruments to end slavery. only 5586 have enacted legislation to put those rights into prartice. Where domestic legislation does exist, it is underutilised to prevent slavery and protect victims. Anti-SLavery will draw on our long history of solidarity and activism. experience of working with anti-slavery movements, Survivors and survivor-led organisations and expertise and understanding of slavery in multiple contents over the next five years. We will work to address these strategic priorities both at a global level and in the context of our focus themes.. Ending child sLavery Responsible business Migration and traff icking Slavery and climate change OUR WORK IN 2022-23 We worked on our strategic priorities in the across all our priority themes. We partnered with 39 organisations working in 19 countries, with 4 partners working globalLy. 5 of our partners were coalitions within which we pLayed a leading role, and these represented a further 179 organisations. Ending Child Slavery Our work to end child slavery conb.nued to focus on the practice of descent-based slavery and sLavery in domestic work. Eliminating Slavery in Child Domestic Work (Ghana, Tanzania)

Anti-slavery International Trustees, Annual Report For the year ended 31 March 2023 Domestic work is a sector which is particuLarly VLilnprable to slavpry and pyplnitatinn hprai Iqp it takes place inside private households and is typically combined with a lack of Legal proteciion. Child domestic workers ICDWsl are particularly vulnerable. Our work focusses on changing systems at a local leveLto prevent exploitstion and support victims. The project has made good progress over the last year. In Tanzania our partners secured improvements tothe minimum wage. and in a key district in Ghana, we won improvements to child welfare by-laws to set standards for engaging children in domestic work. Surveys in both countries showed an improvement in CDWS, working conditions, including increased employer compliance with contracts and fewer children reporting work-related iLLnesses. Descent Based Slavery (Niger. Mauritania and MaLil We work with partners and communities of slave descent in all three countries to tackLe the poverty, discrimination, prejudice and lack of atcess to opportunities that fuel descent-based slavery practices. Our Long-standing partnership in Mauritania has evolved from working with freed survivors to focus more on reaching new communities and supporting the liberation of those stiLL living in descent- based 51avery. This includes community dialogue work with alL actors - survivors, slave masters, community leaders - to challenge social norms and secure acce5S to the tools needed to leave slavery. such as identity cards. We also support partners in developing strategic advocacy plans so that they can influence powerholders to bring about the Legislative and policy changes needed to en(J descent-based slavery practices. We supported a visit of the UN Special Rapporteur on SLavÈry to Mauritania, who adopted all our recommendations into his country report. and we led advocacy at the UN Human Rights Council with our partners in Mali, where 12 States called on the Malian Government to end slavery. This helps to keep the spotlight on the Government of Mauritania and build momentum for change. Significant progress was made in in Niger. where our partner Timidria's recommendations were fully incorporated in the Ministry of justice's revision of the penal code. The final text, once adopted. WILL be a major step forward in strengthening the legal instruments for the protection of victims of slavery. Timidria also convened the G5 Anti-slavery Network which brings together civil society organisations fighting against slavery in Mauritania, Niger. Burkina. Mali and Chad to co-ordinate efforts to press their respective governments to end slavery. Responsible Business Legislative Change

Anti-slavery International Trustee5' Annual Report For the year ended 31 March 2023 Modern supply chains are complex and create conditions where slavery can thrive - aided by the continual urge to drive down costs and deliver shareholder profits. At Least 17.3 million women, men and children are in forc.erf laboijr in the private sector worldwide. On 21 lune, the Uyghur Forced Labor Prevention Act came into force in the US. This bans aLI companies from importing goods tainted with Uyghur forced labour into the USA. As the law comes into effert Anti-slavery International and our allies are urging compan￿$ no_t to dump Uyghur forced labour goods into other markets_which_lack e uivalent stronLlaw5. such as the EU and UK, and for governments around the world to introduce strong import laws to prevent this happening. We have gained traction on this in the EU but the European Commission's proposals to ban forced labour imports do not go as far as we would like. They fail to put workers at their heart and do not extend to stats-enforced forced labour. We will continue to press for more progress. We intensified our campaign for the EU to adopt a Mandatory Human Rights Due Diligence Law which will place serious obligations on companies to prevent and tackLe forced labour in global supply chains. Many of our recommendations have been adopted but we continue to argue hard for more effective stakeholder engagement and proper remediation for affected workers as it reaches the final stages. Our campaign for similar legislation in the UK also ramped up over the year. 39 investors. representing over £4.5 trillion in assets. signed a letter calling for the ACL and a.PLJblic_poll we commissioned showing that 80% of a cross-section of the UK public want the same. We Complemented this with advocacy aimed at all the major UK parties. in partnership wtth the Corporate Justice Coalition. stste Imposed FOr￿d Labour We continued our work with partners to end forced labour in Turkmenisian and the Xinjiang Uyghur Autonomous Region. On Turkmenistan we secured a review bythe ILQ which condemned the governmentfor not making any meaningful progress on ending forced labour in the cotton harvest since they last discussed the case in 2016 and 2021. At the I Ioih International Labour Conference. strong recommendations were made, including a call for the Chinese government to accept an ILO Technical Advisory Mission to allow the ILO to assess the situation. After applying pressure, alongside our allies, the outgoing UN High Commissioner for Human Rights (UN HCHRI, MichelLe 8achelet, published a report on the treatment of Uyghurs and other Turkic and Muslim-majority peoples stating that it -may constitute international crimes, in particular crimes against humanity . The UN Special Rapporteur on Slavery reached similar conclusions in his re ort to the UN Human Rights Council in September. These mark a major step to put global pre55ure on the Chinese Government to end the abuses.

Anti-slavery International Trustees, Annual Report Fortheyear ended 31 March 2023 Migration and Trafficking Reducing Modern Slavery in Supply Chains (Bangladesh. India. Madagascar. Mauritius) An estimated 45,000 migrant workers are employed in export-oriented factories in Mauritius, the majority from Barbgladesh. Madagascar. and India. Many find themselves trapped in situations of debt bondage and forced labour, having paid extortionate recruitment fees whilst being deceived about the terms and conditions of employment in Mauritius. Our project working on this concluded Successfully in Q I, with our partners committed to carrying on the work. The Migrant Resource Centre will continue to be run by our partners in Mauritius to provide information. hear new grievances and support workers. They are also now working with the Ministry of Labour in Mauritius on the creation of their grievance mechanism, whith our advocacy supported. Our partners in Bangladesh also signed an Mou with a governmentsl agency IBureau of Manpower, Employment and Trainingl to deliver official pre-departure orientation training to migrant workers bound for Mauritius. Kafala System (Gulf Cooperation Council Countries) We secured a new grant to establish a global coalition on forced labour of migrants in the Gulf Cooperation Council IGCCI countries and campaign for the abolishment of the Kafaia system in 3 GCC countries. UK Anti-Trafficking We continue to chair the Anti-Trafficking Monitoring Group IATMGI to mon￿or the UK Government's compliance with the Council of Europe and EU Directive on anti-traff icking. This provides essent13l data for the wider anti-trafficking movement in the UK to advocate for change. We launched "One Day at a Time", the ATMG'S report on the Recovery Needs Assessment IRNAI. It paints a picture of what the RNA process is like for the survivors within it, and those providing crucial support along the way. This has helped us to raise the issues with key decision makers and build understanding amongst our allies. ATMG advocacy helped secure a hetyJfuL intervention by the Office for Statistics Regulation which intervened on the UK Home Office's misuse of data. We worked hard to make sure the wider movement and our allies were aligned in their approach to challenging the ILlegal Immigration Bill. The Bill effectively ban5 trafficking victims who arrive irregularly in the UK from claiming asylum or from accessing any support as victims of modern slavery. It also creates new detention facilities where victim5 of slavery and traflicking may be imprisoned indef initely- including children.

Anti-slavery International Trustees. Annual Report For the year ended 31 March 2023 Our work involved mobilising our supporters, briefing the UN Social Rapporteur on Modern Day Slavery, (who sharply criticised the UK Government) and key Parliamentarians. We exposed inaccurate and toxic rhetoric about existing provisions and suNivors. and collaborated wrih lawyers to lay the groundwork to challenge the Bill should it be passed. Slavery and Ctimate Change The climate crisis is already having a devastating impact on many of the most vulnerable people in the world. increasing inequality and exacerbating vulnerabilities. contributing to unplanned migration and heightening the risk of modern slavery. We continued to build on last year's ground- breaking research into these issues, raising awareness and sharing our learnings with key decision makers e.g., the UN Organisation of Drugs and Crime and the UK Parliament and US Government We secured two new grants to further develop our climate change wor￿. one which Looks at the links between cLimate-induced migration and modern sLavery, and one on Uyghur forced labour in the renewables industry. FUNDRAISING AND COMMUNICATIONS Anti-SLavery International saw another year of growth in its fundraised income. The organisation retained a diverse portfolio of fundraised income ranging from grants from trusts, foundations, governments and inter-governmentaL organisations, individuals, companies and communtty groups. With donors feeling the effects of rising inflation and. in some quarters. reduced capability to give or give as much, it was important to retain and strengthen donor relationships across the board. Our new fundraising and communications strategy deepens our partnership approach with donors and extends our focus to generate sUPPOrt in the shape of money. time and voice from more people who care about ending slavery in the UK and a¥ound the world. This past year. fundraising and communications activities included.. Grant fundraising from institutional, foundation and company donors totalling £2.8m. In quarter three of 2022-23, the team secured £3.2m in multi-year grants from the UK government and US State Department Trafficking in Persons. Additionally, the team saw new grants from existing and lapsed foundations donors, providing critical support for Anti-slavery International's ongoing programme and organisational strengthening work. Fundraising from individuals across digtsL and offline methods Saw continued interest from people keen to support the work of the or9anisatior). In quarter four, we invested in further development of email lead generation including utilising engagement opportunities to encourage people to Show support for our posiiion on migration and the treatment of slavery survivors. This was led by social media integration on these issues, to increase the pool of supporters and drive a larger group of people to use thèir time, money and voice to support the charity. We continue to io

Antt-slavery International Trustees, Annual Report For the year ended 31 March 2023 ee imprerrive commitment in giving from individuala who chooae to make a regular gift to the organisation's ongoing work. No fundraising agencies generating direct donations worked on behalf of Anti-SL3very International in 2022-23. Anti-slavery International benefited from continued partnership f rom Ashurst LLP and one off giving from companies rèlated to Anti-slavery Day and the World Cup. Additionally, our work providing paid consultancy (trading income) to businesses and non-profits supported the charty's ongoing work. Participation in fundraising regulation and compliance with the codes In aceordance with the recommendations of the Fundraising Regulator. the fundraising team at Anti-slavery International takes care to ensure that the programme adheres to the Codes of Fundraising Practice ICOIFI. The fundraising staff are CIOF members and work in accordance with the Codes is monitored through regular staff supervision, through ad-hDC referencing as required as queries arise. Team members take part in relevant fundraising training as needed. In line with the fundraising and communications strategy, volunteers support the organisation through voluntary fundraising and stsff ensure that this fundraising adheres to the Codes and to law. Resources are available to volunteer fundraisers, including on regulatory requirements and good praciice. Anti-slavery International ensures that its ethical gift acceptance policies are adhered to. for individual donors and company donors. Additionally. the team ensures that it is monitoring any potential interactions with vulnerable people and acting in accordance with the Treating Donors Fairly guidance. In 2022-23. Anti-slavery International received four complaints. These complaints ranged from not being able to reach the team via the telephone, request5 for fundraising being received by those who could not contribute in the way suggested, and further one related to receiving information when not requested. Each complaint was responded to promptly, with professionalism and ensuring that the supporter's concerns were rectified, and care given to communication with them. A5 Wlth all compLaints, we remain committed to these. and other feedback, leading to an improved overall experience for our supporters. It was encouraging to see a reduction in complaints this past year, f rom the prior year. RISK AND FINANCE Risk Management Trustees undertake a thorough risk review annually. This involve5 identifying the types of risk the charty faces, prioritising them in terms of potential impact and likeLihood of occurrence and li

Antl-slavery Intern*ional Trustees, Annual Report For the year ended 31 March 2023 identifying ways of mitigating them. As part of this process trL¢Stees keep the adeqLJacy of the charity's internal contro15 under review and, wherever possible. comply with best practice. Additionally. the Finance Commitee and Board assesses and reviews key risks on a quarterly basis. These include risks relating to the safety and security of staff which are mitigated by stringent assessment, procedures, and insurance. The three leading risk5 identified by this ongoing prO￿s5 are as follows.. l. Inability to raise sufficient funds to deLiver ASI'S strategic aims. In 2022123 we continued with our investment plan to grow our income with a focus on major gifts and individual giving to ensure net growth. We monitored and reviewed progress throughout the year. incorporating learning to strengthen our fundraising approaches. In 2022123 we continued tD Strengthen the process for developing restricted donor applications to ensure maximum recovery of organisational costs. Restricted income accounted for 70% of our total income in 2022123, 3 reduction from 790h in the prior year ref lecting the growth in unrestricted donor income. notably from legacies. 2. Negative political and economic changes. The senior management team has closely monitored the gLobaL cost of living crisis and implications on our work and cost structure, building in inflation rises into multi-year bids and controlling costs. We also monitor the wider geopolitical situation in countries where we are working for systemic change and adjust tactics and security and travel plans accordingly to ensure stsff and partners are supported. Key areas of concern are those countries in the Sahel region. and our work human rights defenders on state imposed forced labour. At a strategic leveL we are seeking to balance our work to make sure we are not overexposed in insecure regions. 3. Safeguarding We continued to improve our safeguarding. working more cLosely with partners on appropriate standards. Over the last year we have strengtheri our processes to further embed safeguarding across all our work. Our policy is updated annually to reflect best practice and any new regulatory requirements. Flnance Review Total income wa5 £3.9m 12022-. £3.5ml during the year. putting us on track to meet our target of £4.5m by the end of 2025. Unrestricted income increased by £686k, although £266k of this is from increased legacy income, and £34k from exchange rate gains during the year. Income from restricted charitable activities decreased by £262k. with a consequenL but lower. decLine in restricted expenditure. Our costs increased with additional planned investment in programme, fundraising and finance capacity and with lower restricted income. The burden of this has falLen on our unrestricted funds. However. this investment has started to pay off and increased 12

Anti-slavery International Trustee5' Annual Report For the year ended 31 March 2023 our 3bility to win funding and d81iver Large projerts. This is 8vidÉnced by sécuring a large 3-year grant from the US government for $3.6m for our work in West Africa stsrting in March 2023. We placed our freehold property for sale on the open market and are expecting to exchange contracts for the sale imminently and to complete the sale by the end of September. After paying the balance on the mortgage, sale and moving costs. the substsntial remaining funds will be invested for the long-term benefit of the charity. ReseNes Policy Reserves are held to smooth income flows by covering shortfalls, whether due to delays in awarding contracts. changes in exchange rates on funds from overseas or unexpected drops in giving. In addition. reserves need to cover risks in our project expendtture as work is carried out in areas which are complex and challenging, for example we may need to pause work due to geopolitical events. Thi5 reserve amount should also be sufficient to cover the shutdown costs of the organisation if this were ever to prove necessary. and separately to provide workir)g capthl for our day-to-day operations. ASI reviewed its poLicy during the year to take better account of the main risks to the organisation and the target level of reserves to help mitigate these. Different income streams are assessed. and a percentage reserve target applied to these streams and similarly to expenditure. This is compared to a shutdown cost calculation and the higher of these values is the target reserve. The new policy estimates its target unrestricted reserve at around £600k (which was previously lower at £250kl. Atthe end of the financial year general unrestricted reserves increased slightly from £160k to £196k. We expertto be able to reportthat we will have met the £600ktarget by the end of the next financial year due to the sale of our freehold property. Free reserves lunrestricted net current assets excluding restricted funds, designated funds, fixed assets, and long-term liabilities) are slightly negative at -£8k12022.. -£50kl. This negative balance will be eliminated once the freehold property has been sold. Trustees and senior management monitor the financiaL position regularly to keep abreast of any pcoming risks that may impact on the reserves position. We continue to build in our unrestricted fundraising capability and ensure that a greater proportion of fixed costs are funded by institutional donors, allowing us to rebuild and then maintain our reserves. By monitoring financial risks, the Finance Subcommittee can determine if the current reserves target is set at an appropriate level. Going Concern Trustees have considered all material uncertainties and risks which may impact upon the organisation's ability to continue a5 a going concern. Trustees believe that despite these uncertainties and risks. the charity remains a going concern. The Trustees formed this conclusion by reviewing the financial performance of the organisation with reference to forecast levels of free reserves and cash flow projections. 13

Anti-slavery Intern*ional Trustees, Annual Report For the year ended 31 March 2023 STRUCTURE. GOVERNANCE AND MANAGEMENT The charity is governed by a Board of Trustees who meet regularly during the year. Trustees serve for a three-year period and may be re-elected for a maximum of two further consecutive terms of three years each. The Board delegates some functions to Subcommittees of Trustees. The committees operate under terms of reference and each committee has its work reviewed by the Board as appropriate. A process of skills-based open recruitment to source new trustees is employed. New trustees are briefed on the Memorandum and Articles of Association, risk register, policies, and procedures. This includes briefing on issues such as delegation of authority. recruitment reserves. conflicts of interest and current and previous year's financial performance and safeguarding. Trustees are responsible for the strategic direction of Anti-slavery and delegate management to the Chief Executive Officer who reports on performance against operational plans approved by the Board. The Chief Executive Officer and Director of Finan￿ and Resources report regularly to the Treasurer of the Finance Sub-committee on the financial position and financial risk. Management information and financial analysis reports are received quarterly by the Board. Remuneration Poliry for Key Management Personnel The trustees consider the 8oard and the Senior Management Team ISMTI to comprise the key management personneL of the charity in charge of directing and controlling the affairs of the charity. The trustees give their time freely and no trustee received remuneration in the year. Details of trustee expenses are disclosed in the notes to the accounts. The Chief Executive Officer is on a spot salary determined by the People and OrganisationaL Development Commtiee of Anti-slavery s board and approved by the Board. This commtttee also oversees the terms and conditions of all other Anti-slavery staff. All other staff are on an appropriate grade on the salary grading system. Key Personnel Changes 2022/23 The Head of Finance resigned in February 2022 and was replaced by a permanent appointment of a Director of Finance & Resources in August 2022. To enable the organisation to have a structure to support growth SMT roles were upgraded from Heads of functions to Director level. We recruited a Head of Regional Advocacy and a Head of Thematic Advocacy. Statement of the Responsibilities of the Trustees The trustees (who are also dirertors of Anti-slavery International for the purposes of company lawl are responsible for preparing the trustees, annual report and the financial statements in accordance with applicable Law and United Kingdom Accountillg Standards (United Kingdom Generally Accepted Accounting Practice). 14

Anti-slavery International Trustees, Annual Report Forthe yearended 31 March 2023 Company Law rcquiror tho trurteer to prcpJre financial rtatomenttr for e3ch financial ye3r which gives a true and fair view of the charicable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. Select suitable accounting policies and then apply them consistently. Observe the methods and principle5 In the Charities SORP. Makejudgement5 and estimates that are reasonable and prudent State whether appLicabLe UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adeqLtate accounting record5 that discLose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statemerlts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence fortaking reasonable steps for the prevention and deteciion of fraud and other irregularities. In so far as the trustee5 are aware= There is no relevant audit information of which the charicable company's auditors is unaware. The trustees have taken all steps that they ought to have taken to make themselves aware of any reLevant audit information and to establish that the auditor is aware of that information. The trustees are re5pon5ibLe 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 trustees are members of the charity, but this entitles them only to voting rights. The trustees have no beneficial interest in the charity. Plans for 2023/24 In 202312024 we will continue to implement our organisational strategy focussing on challenging and changing Law, policy, and prartice so everyone, everywhere can be free from slavery. We will Strengthen our work across our four focus areas. We will build on our successes in 2022123 and continue to respond flexibly, collaboratively. and effectively to the challenges we face. We WILL Find a new London home for Anti-slavery staff which will allow more collaborative and hybrid working. 15

Anti-Slavery International

Trustees’ Annual Report For the year ended 31 March 2023

• Strengthen our partnership approach and develop a roadmap to improve our diversity and inclusion both in our workplace and in our work

• Develop and pilot a new impact measurement framework to better capture how our systemic change work is making progress.

• Ensure there is a healthy balance between restricted and unrestricted income sources.

• Embed our new finance system and review and improve our IT systems and processes

• Continue to strengthen our safeguarding as new sector standards emerge.

AUDITOR

Sayer Vincent LLP was re-appointed as the charitable company's auditor during the year and has expressed its willingness to continue in that capacity.

The trustees’ annual report has been approved by the trustees on the 15 September 2023 and signed on their behalf by

Sunil Sheth Chair

16

Independent Auditor's Report To thè members of Anti-slavery Internatlonal Opinion We have audited the financial ststements of Anti-slavery International (the 'charrtable companv'l for the year ended 3 1 March 2023 which comprise the ststement of financial activities. balance sheet, statement of cash flows and notes to the financial statement5, 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 Financlal Reporting Standard applicable in the UK and RepLJblffc of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. Give a true and fair view of the state of the charitable company s affairs as at 31 March 2023 and of its incoming resources and application of resources. including its income and expenditure for the year then ended Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice Have been prepared in accordance with the requirements of the Companies Act 2006 Basis for opinion We conducted our audtt in accordance wtth International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standard5 are further described in the Audttor's responsibilities for the audit of the financial statements section of our reporL 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 Dbtained 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 dirertors 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 event5 or conditions that. individually or collectively. may cast significant doubt on Anti-slavery International'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 directors with respert to going concern are described in the relevant sections of this report. 17

Independent Auditor's Report To the members of Anti-slavery International Other Information The other information comprises the information included in the directors, annual report other than the financiaL statements and our auditor's reportthereon. The direciors 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 audti, 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 reqL¢ired to report that fact. We have nothing to report ir) 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 audiL' The information given in the directors annual report for the financial year for which the financial statements are prepared is consistent with the financial statements; and The directors annual report has been prepared in accordance with applicabLe legal requirements. 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 dirertors, annual report. We have nothing to report in respect of the following matters in relation to which the Companies Art 2006 requires us to report to you rf, in our opinion: Adequate accounting records have not been kept. or returns adequate for our audit have not been received from branches not vis¢ted by us- or The financial ststements are not in agreement with the accounting records and returns- or Certain disclosures of directors remuneration specified by law are not made- or We have not received all the information and explanations we require for our audit The directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the trustees, annual report and from the requirement to prepare a strategic report 18

Indepèndent Avditor's Report To the members of Anti-slavèry International Responsibilities of directors As explained more fully in the statement of directors responsibilities set out in the directors annual report, the directors (who are also the dirertors of the charttable company for the purposes of company lawl 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 directors determine is necessary to enable the preparation of financial statements that are free from material misstatemenL whether due to fraud or error. In preparing the financial statements. the directors 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 dirertors 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 IUKI will always detert 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 expectsd to influence the economic decisions of users taken on the basi5 of these f inancial ststsments. IrreguLarities, incLuding fraud. are instances of non-compliance with Laws and regulations. We design procedures in line with our responsibilities. outlined above. to detert material misstatements in respect of irregularities, including f raud. 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: We enquired of management, which included obtaining and reviewing supporting docLJmentation, concerning the charity's policies and procedures relating to= Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance., Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud,. The intsrnal controls established to mitigate risks related to f raud or non-compliance wfch laws and regulations. We inspected the minutes of meetings of those charged with governance. We obtained an understanding of the legal and regulatory framework that the chaiity operates in, focusing on those laws and regulations that had a material effect on the 19

Independent Auditor's Report To the members of Anti-slavèry International financial statements or that had a fundamental effert on the operations ofthe charty from our professional and sector experience. We communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. We reviewed any reports madeto regulators. We reviewed the financial statement discLosures and tested these to supporting documentation to assess compliance with applicable laws and regulations. We performed analytical procedures to iderltify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transartions that are unusual or those outside the normal course of business. Because of the inherent limitations of an audiL there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial ststsments 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 misrepresentstion. A further description of our responsibilities is available on the Financial Reporting Council's webs((e at: www.frc.org.uk aLiditorir onsibilitie . This description forms part of our auditor's reporL 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 audti work has been undertaken so that we might stste 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 charttable company's members as a body. for Olir audit work, for this report, or for the opinions we have formed. Noelia Serrano (Senior statutory auditor) 10 October 2023 for and on behalf of Sayer Vincent LLP. Statutory Auditor Invirta House, 108-114 Golden Lane, LONDON. ECIY OTL 20

Anti-slavtry International Statement of financial activities (incorporating an in¢om•and Expendibjre acco￿1) For the yeai ended 31 March 2023 2023 Total UNp5trirted Re5tliLtsd 2022 UNestritted Re5triLted rotal Incorne fnjm." Donations and legati?5 Chariiable activitos 2 1,389.648 1.389,648 3 128,877 2.277.725 2.406,602 101,908 101,908 811.509 811.509 76.306 2,539.824 2,616.130 46,975 46.975 Investmenl income Totsl lTrccffle 1.620.433 2,277.725 3.899,L58 934,790 2,539.824 3.474.614 Expenditu￿ on.. 4 669.837 496 670.333 4 799.302 2,323.815 3,123.117 511.686 511,686 396.738 2.379.203 2.775,941 Chaiitsble acknwtses TDtal oxponditure 1.469.139 2,324.311 3.793.450 908.424 2.379,203 3.287.627 N•t ￿£0￿￿1 lexpenditure) ¢orth• vear and net mttvornent in fvnds 151,294 146.5861 104,708 26.366 16D.621 186.987 RecOrtcitia￿Qrt of fund5'. Totslfunds bmughtforwayd 18 650.874 550.019 1,200.893 624,508 389.398 1,013.906 Totsl tunds carried flxward 802,168 503,433 1,305.601 650,874 550.019 1.200,893 All of the above results are derived from colltinuing activities. Therev4ere no other recogt7ised gains orlosses other than those stated above. MoveTnents in funds are di5closÈd In Note 17. 21

Anti-Slavery International

Balance sheet

Company no. 3079904

As at 31 March 2023

			2023		2022
	Note	£	£	£	£
Fixed Assets:
Tangible assets	11		615,950		628,589
Intangible assets	12		14,349		18,318
Current Assets:
Debtors	13	733,882		374,056
Cash at bank		496,900		598,222
		1,230,782		972,278
Liabilities:
Creditors: amounts falling due within	14	(555,480)		(156,156)
one year
Net current assets			675,302		816,122
Total assets less current liabilities			1,305,601		1,463,029
Creditors: amounts falling due after	16		-		(262,136)
more than one year
Total Net Assets			1,305,601		1,200,893
The funds of the charity:	18
Restricted income funds			503,433		550,019
Unrestricted income funds:
Designated funds		606,609		490,477
General funds		195,559		160,397
Total unrestricted funds			802,168		650,874
Total Charity Funds			1,305,601		1,200,893

Approved by the trustees on 15 September 2023 and signed on their behalf by

…………………………………………….

Sunil Seth Chair of Trustees

22

Anti-slavery International Statement of cash flows As at 31 March 2023 Reconciliation of net income to net cash flow from operating artiMties 2023 2022 Net income for the reporting period las perthe Statement of FinancialActpiitiesl Depreciation & amortisation charges Interest and rent from investment5 Ilncrease in debtorsl Increasel Idecreasel in credttor5 104.708 186.987 16.608 17.287 1101,9081 146,9751 1359.8261 1107,0521 175,469 189.0941 Net Cash used in operating activities 1164,9491 138,8471 2023 2022 Cash flows from o eratin actiwties Net cash used in operating activities 1164,9491 138,8471 Cash flows from investing &rtivities.' Interest and rent from investments Purchase of fixed assets PLJrchase of intangible assets 101,908 46.975 5.328 18,318 Nèt Cash flows from investing activities 101908 70,621 Cash flows from financing artivities.. Repayments of borrowing 138,2811 147,2921 Change in cash and cash equivalents in the year 1101.3221 115,5181 Cash and cash equivalents at the beginning of the year 598,222 613,740 Cash and cash equivalents at the end of the year 496,900 598,222

Anti.Slavery International Notes to the flnanclal statements 31 March 2023 Accountlng policies Statutory inforniation Anti-slavery International is a charitable company limited by guarantee and is incorporated in England & Wales. The registered office address is Thomas Clarkson House. The Stsbleyard, Broomgrove Road, London, SW9 9TL. bl Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, (Charities SORP FRS 1021, The Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10213nd the Ctsmp£nie5 Act 20061 Charities Art 2011. Assets and liabiltties 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 respert 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 Ljnder the circUmstan￿s. The natLJre of the estimation mear)s the actual outcomes could differfrDm those estimates. Any signrficant estimates and judgements affecting these financial Statements are detailed within the relevant accounting policy below. Public benefit entity The charitable company meèts the definition of a public benef￿ entrty under FRS 102. Going concem dl The trustees considerthatthere are no material uncertainties about the charitable company's ability to continue as a goin9 concern. The trustees do not consider that there are any source5 of estimation uncertainty atthe reporting date that have a significant risk of caL4sing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. In determining the going concem Status, trustees have considered all material uncertainties and risksand have reviewed the financial performance of the organisation with reference to forecast levels of free reserves and cash flow projertions. The Charities cash PCTrSition remains positive thrtsughout the period under review arbd the Trustees believe it can settle its liabilities as znd when they fall due. Foi this reason, the going concern assumption is considered to be appropriate. Income Income is recognised when the charity has entitlement to the fund5, any performance conditions attached tfF the inccTrme have been met, it is probable that the income will be recewed and that the amount can be measured reliably. Income from government and other grants, whether'capital, grants or'revenue, grants. is recogni5ed when the charity has entitlement to the funds. any performance conditioins attached to the grants have been met, it is probablethatthe income will be recewed, and the amount can be measured reliably and is not deferred. 24

Antl-slavery International Notes to the finan¢lal statements 31 March 2023 Accounting Policies Icontinuedl For legacies, entitlement is taken as the earlier of the date on which either.. the charity is aware that probate has been granted, the estate has been finali5ed and notification has been made by the execLrtorlsl to the charity that a distributic)n will be made., or when a distribution is received from the estate. Receipt of a legacy. in whole or in parL is only CCTrnsidered probable when the amount can be measured reliably, and the charity ha5 been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met. then the legary is a treated as a contingent asset and disc105ed if materi31. Income received in advance of the provision of a specified service is deferred untilthe criteria for income recognition are met Interest receivable Intere5ton funds held on deposit is included when receivable and the amount can be measured reliakAy by the ¢h8rity.' this is normally upon notification of the interest paid or payable by the bank. Fund accotlnting Restricted f unds are tts be used for specific purposes as laid down by the donor. Expenditure which rneets these criteria is charged to the fund. Unrestrirted funds are donations and other incoming resour￿$ received or generated for the charitable purFKises. Designated funds are unrestricted funds earmarked by the trustees for particul£r purposes. Overseas partner èxpenditure Payment5 to overseas partners are based on forecast expenditure for the cor¥iing period and recognised when the payment 15 sent to the partner. Where partners do not spend funds re￿iVed in full this is adjusted in the following period 50 that reports submitted to donors reflect was has actually been Spent on the project. No adjustment is made in our statutory accounts and payments are treated as spent on transfer to the partner. h) Expènditure and irrecoverable VAT Expenditure is recognised once there is a legal or ctsnstructive obligation to make a paymentto a third party. it is probablethat settlement will be required, and the amount of the tsbligation can be measured reliably. Expenditure is classified under the following activity headings.. Cost5 of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contribution5 to it, as well as the costof any activities with afundraising purpose., Expenditure on charitable artivities includes the costs of delivering Services tjndertaken tofurther 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. Allocation of support costs Resources expended are allocated to the particular activity where the cost relates directly to that activity. Support and governance costs are allocated proportionally between the cost of raising funds and the three prografflme regions. Governance costs are the costs associated with the governance arrangements of the charity. These cos15 are associated with constitutional and statutory requirements. 25

Anti-slavery Internatlonal Notes to the financlal Statements 31 March 2023 Accounting Policies Icontinuedl kl Foreign currencles Transactions in foreign currencie5 are translated at rates prevailing at the date of the tr2nsEction. Balan￿S denominated in foreign currencies are translated at the rate of exchange prevailing at the balance sheet date. Tangible fixed as5&ts Item5 of equipment are capitslised where the purchase price exceeds £3,000 (increased frorn £500 with effect fiom l April 20221. Depreciation costs are allocated to activities on the basis of the use of the related assets in those artivities. Assets are reviewed for impairment if circumstances indicate their carrying value may ex￿ed 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 wrtte down the cost of each a55et to it5 estimated residual value over its expected u5efiJl life. The depreciation rates in Llse are as follows.. Freehold buildings 2% straight line Fi)rtures & fittings IO% straight line Computer & office equipment 2086 straight line Intangible- Database. website & software 20% straight line Freehold land is not depreciated. The last full valuation was carried out tsn 13 July 2012 on the freehold property. The charity took acfvantage of the FRS 102 transition relief to treat this valuation as deemed cost. Other assets will be reviewed for impairment if cirCumstan￿S indicate their recoverable value to be materially lower than their value disclosed in the accounts. m) Debtors Trade and other debtors are recognised at the settlement amount due. Prepayments are valued atthe amount prepaid. Cash at bank Cash at bank includes any short term highly liquid investments with a short maturity of three months or less from the date of acquisiticTrn or opening of the deposit or similar account. Creditor5 and provisions Creditors and provisions are recognised where the charity h3s 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 provision5 are normally recognised at their settlement amount after allowing for any trade discounts due. pl Financial instruments The charity only ha5 financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised attransaction value and subsequently measured at their settlement value. 26

Antl-slavery Internatlonal Notes to the financial statements 31 March 2023 Accounting Policies Icontinuedl Pensions The charity makes payments to personal pension plans of all employees. The costs16%1 are charged to the ststement of financial activities for the period to which they relate. The company has no liability under the scheme other than payments of these contributions. Income from donatiotls and legacies 2023 2022 Unrestiirted Resthcted Totsl Unrestricted Restiicted Total Indiwduals 428,466 661,126 300,056 428.466 661,126 300.056 431.374 346.168 33.967 431.374 346.168 33.967 Trust & Corporate Legaties 1.389.648 1,389.648 811.509 811.509 Legacies include £285,50012022.. £30,000) for which notifications and value5 have been received but not paid by the year end. In¢ome from charitable activities 2023 2022 Unrestritted RestrictÈd Total Unrestritted Restncted Total Home offi￿-Ms1F 2 ACILS-Uyghur Strategy Support Horne Office-MSIF 3 11781 68,783 84.916 55.210 11781 68.7S3 84.916 55,210 259.719 259,719 ACILS-End fortrd ￿bOur ECCHR-Ban on fOr￿d labourfor EU iworts NO￿d-ChIld Domestic Workers US DRL-Traditional dÈscent based 6,478 6,478 611.334 611,334 703,447 703.4¢t7 slavery ILO-Mal 86.521 86.521 69.522 69.522 27.844 27.844 5.394 5.394 477.626 477.626 4C>.000 40.000 60.000 60.000 534.790 534,790 126.310 126.310 16.346 16.346 MRG-Mauritania US Embassy-maurftania US DRL-Mauritania ATMG 3 - Esmée Fairbum 63.35d 60.000 fjo,000 63.354 60.000 ATMG 3 - H Scutt 60,000 Trustfor Lrmdon-London legal projert GU-ILRF-cotton campaign 43.247 28.923 43.247 28.923 54,156 54.156 Subtotsl c/fw 1,665.620 1.665.620 1.878,122 1.B78.122 27

Antl-slavery Intematlonal Notes to the finaftcial statements 31 March 2023 Income from charitable activities Icontinuedl Subtotsl bthvd 1.665,620 1,665,620 1.878,122 1,878.122 Laudes Foundation-forced labour in Supply chains Freedom Fund-research into forced labour in EU supply chains University of Notbngham Sarnworth FourKlation-Transform & 286.750 286,750 230,244 230.244 5,109 5.109 6,267 6.267 Innovation Fund 55,081 40,553 22.149 35.000 156.090 5.106 55.081 40.553 22,149 35,000 156,090 5,106 148.000 41.256 148,000 41,256 H Scutt-UK program￿￿ funding The Sir J8rnes Re¢kitt-Centenary Fund Ashurst-felLow 35,000 35,000 Humanity United-business & human US j￿1P-NIger ASOS 76.000 58.632 55.552 3.329 76.000 58.632 Dressernber Foundation CAF Ameri 55,552 3.329 4.966 51.950 33.079 Voice FCDO 4,966 Supply chain Other 105.011 23.866 105.011 23,866 51.950 24.356 8.723 Totsl income from charitable activities 128,877 2.277.725 2.406,602 76.306 2,539.824 2.616.130 Analysis of Expenditure Current Year Cost of raising funds G(Ner￿a￿e Support costs Africa As Europe costs Total Salarie5 (note 7) Payrnent5 to partners Imte 51 Other programme costs Otheroperating Costs 328,185 377,546 826,340 64,001 207.156 80.871 29.079 20.676 102,210 666,761 101,441 49,295 169.569 17.750 202,649 1,673.762 956.860 141.766 1.021,062 7.549 242.698 245 16,578 282.851 578.432 1.475,043 232,836 987.066 34,328 485.745 3.793A50 Governance cttgtg 6.066 15.469 2,442 10.351 134,3281 Support costs 85.835 218.886 34.551 146,473 1485.7451 Total expenditure 2023 670.333 1.709.398 269.829 1.143,890 3,793A50 28

Antl.Slavery l#)ternatlonal Notes to the frnancial statements 31 March 2023 Analysis of expenditure Icontinuedl Pri C05t UF raising funds Governance Support C05t5 Africa Asia Europe Costs Total Salaries Inote 71 Payments to parthors (note 51 Other programme costs Other operating togts 312,668 281,669 772,884 297,990 33.570 275.273 365,512 29.155 276,403 43,563 12.471 138,979 1.386,572 996,925 607.583 296.547 194.886 33.190 152,672 32.808 15.884 18.050 465,340 1.386.113 536,157 714,633 28,355 157,029 3,287ffj27 Governan￿ costs 7,089 7.089 7,088 7,089 128.3551 Support costs 39,257 39,257 39,257 39.258 1157,0291 Total expenditure 2022 511,685 1.432.459 582.502 760.980 3,287.627 The accounting system was upgraded during 2022123 with one of the objecb'ves to improve the aLlocation of costs between the activity categories. Before this change it was not possible to separate programme costs from operating costs and the prior year f igures were calculated on the assumption that all restricted expenditure are programme cost5 rather than operating. This has led to Support Costs increasing from 5% to 13% of totsl expenditure. This is more accurate f igure for our operations given the size of the charity. It has also led to Other Programme Costs decreasing substantially and Other Operating Costs increasing substantially, which is similarLy a better reflection of the pattern of expenditure. 29

Anti-slavery International Notes to the finan¢lal statements 31 March 2023 Grant making 2023 2022 Association Timidria Tantania Domestic workers coalition LAWAIGhanal ￿Umnae Incorporated SOS Esclaves Challenging Heights Association Temedit RADDHO ECFORME Confederation Des Travailleur5 des Secteurs Publique et Prive Other partners- Africa 219,992 207.560 188,817 145.593 54,843 3,787 124,377 291,014 135,639 126,997 95,504 22,572 8,500 48,387 11,4021 11,7341 8,884 63,290 Asit7 Swatantrata Abhiyan Nepal Ovibashi Karmi Unnayan Pro8ram Other partners- Asia 20,000 2,619 6,460 45,128 Euro Minority Ri8ht5 Group International Anti Trafficking and Labour Exploitation Unit International Institute for Environment and Development Other partners- Europe Total payment5 to partner5 36,749 16,193 6,362 29,155 35,356 13.143 956,860 996,925 The above grants represent payments to institutions in furtheran￿ of the charity's strategic £ims. The negative amounts in 2023 retate to the refund of unspent project expenditure by partners. Net inwme lorthe year This is stated after charging.. 2023 2022 Depreciation & amortisation Interest payable Auditors remuneration excLuding VAT Statutory audit Other audit services - current 16.608 16,846 17,287 13.690 13,525 23.851 16,393 9.775 Other audit serVi￿S - under accrual for prior year Other services 1.975 30

Anti-Sla¥ery Inte¥national Notes to the flnanci41 siatements 31 March 2023 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel Staff costs were a5 follows.. 2023 2022 Salaries & wages Social security costs Employer's pension contributions 1,430.887 161,335 81,540 1.196,744 123,275 66,553 1.673,762 1,386.572 Remuneration of employees The number of employees whose remuneration fell within the following bands were.. 2023 2022 No. £60,000-£70,000 £70.000-£80.000 £80.000-£90,000 £90,000-£100.000 £ioo,000-£iio.000 The total employee benefits including pension contributions of the key rnanagement personnel were £313.30812022: £279,5931. Termin3tiorb payments of £2,981 were paid during the year12022.. £nill. The chartty trustees were not paid or rec@ived any other benefits from employment with the charity in the year12022.. £nill. No charity trustee received payment for prtsfessional or other services supplied to the charity12022.. £nill. Trustees, expenses represent the payment or reimbursement of tr3vel and subsistence costs totalling £15912022.. £01 incurred by I 12022.. 01 member relating to attendance at meetings of the trustees. Staff numbers The average monthly number of employees Ihead count based on number of staff employedl during the year was as follows.. 31

Antl-51avery International Notes to the flnanclal statements 31 March 2023 Full Time Eouivcrlent Het7dcount 2023 2022 2023 2022 No. No. No. Programmes Fundraising & Communications Support & Govemance 17 16 18 19 li li 33 30 34 33 Related party transactions There are no ¥et3ted party transactions to disc105e for 202312022-. none). There are no donations from related parties which are outside the normal course of business and no restrirted donations from related parties12022.' none). Unrestrirtecl donations received from trustees in the year were £37512022.. £nill. 10. Taxation The charitable company is exempt from corporation tax as all its income is charf(able and is applied for haritable purposes. 32

Anti-slavery International Notes lo the flnanclal Statements 31 March 2023 11. Tangibleflxed assets Computer & office Freehold Fixiures & property fittings equipment Total Cost or valuation Atthe stsrtofthe year Additions in the year 725.000 24.931 57,134 807,065 At the end of the year 725.000 24.931 57,134 807.065 Depreciation At the stsrt ofthe year Charge for the year 115,207 7,681 19,482 1.017 43,787 3.941 178,476 12,639 Atthe end of the year 122,888 20,499 47,728 191,115 Net book vaLue At the end of the year 602,112 4,432 9,406 615.950 At the stsrt ofthe year 609,793 5.449 13,347 628.589 All of the above assets are used for charitable purposes. The Freehold property has been placed for sale Cin the open market and we expect to exchange contracts imminently *or its sale at a value of £1,275,000, with completion expected to take place at the end of September. However this sale value has not been used in the accounts since it is the charity's policy to used deemed cost as explained in note 1111. 33

Antl-slavery International Notes to the fSnanclal statements 31 March 2023 12. Intangible fixed assets Database & website Software Total Cost or valuation At the start of the year Additions in the year Atthe end ofthe year 56,829 18.318 75,147 56.829 18,318 75.147 Depreciation At the stsrt of the year Charge forthe year 56.829 56,829 3,969 3,969 At the end of the year 56,829 3.969 60,798 Net book value Atthe end ofthe year 14,349 14,349 At the start of the year 18,318 18,318 13. Debtors 2023 2022 Accrued income 407.219 303,523 23,140 305.816 31.338 36.902 Other Debtors Prepayments 733,882 374,056 14. Credltors: amounts falling due within one year 2023 2022 Mortgage Taxation and social security Pension contributions 261,715 37,860 31.116 8,868 49,212 15.000 54.361 11,152 133,045 Other creditors Deferred income Accruals 95.207 14,100 555,480 156,156 34

Antl-slavery Internatlonal Note5 to the linancial statements 31 March 2023 15. Deferred Income 2023 2022 Amount deferred in the year 15,000 Ba&nce at the end of the year 15,000 16. Creditors: amountsfalling due after morethan one year 2023 2022 Mortga9e 262,136 262,136 The amounts due after more than one year represent a mortgage secured on the freehold property. The mortgage is repayable in instalments by 2 Ortober 2023. The mortgage carries a variable rate of 3.9596 over the Bank of England's Base Rate. 17. Analysis of net assets between funds Curr ntyear General Total unrestricted Designated Restricted funds Tangible and intangible fixed asse1 Net current assets 203,830 18,2711 412,647 193.962 13,822 489.611 630,299 675.302 Net assets at the end of the year 195,559 606,609 503,433 1,305,601 r Year General Total unrestricted Designated Restricied funds Tangible and intsngibLe fixed assel Net current assets 210.056 212,477 1262,1361 417.703 19,148 530.871 646,907 816,122 1262.1361 72,774 Long term liabilities Net assets at the end of the year 160.397 490,477 550,019 1,200,893 35

Anti.Slavery Intern8tlonal Notesto the flnancial statements 31 March 2023 18. Movement in funds Curr Expendituie & losses At l April 2022 Income & gains At 31 March 2023 Home Office-MSIF 2 Migrant resource tsntre. Mauritsus ACILS-Uyghur Strategy Support Horne Offits-MSIF 3 19,120 1.270 11781 18.942 1,270 68.783 61.810 44,945 68,783 84.916 55.210 6,478 23.106 10.265 6.478 ACILS-End forced labour ECCHR-8an on forced laE)our for EU imports Norad-child Domestic Workers Voice-For￿d Child Begging US ORL-Tradibonal des￿nt based slavery ILO-Ma RG-Mauritania 17,252 465 611,334 584892 465 43.594 87.922 86,521 174,443 93.671 112.7561 22 69.522 27.S44 S.394 477.626 40,000 60,000 119,478 15.088 5.426 519.400 92,932 50.445 7.861 43.384 43.715 US Emb3ssy-Mauritsnia US DRL-M8uritania ATMG 3 - Estnée Fairbum 7,594 52.932 5,167 7,861 2.098 134,1801 ATNIG 3- H Scutt 14.722 ATMG 3- The Baring Foundation Trust lor London-London legal project 43.247 1,961 GU-ILRF-cotton caTnpaign Laudes Foundation-forced labour in supply thain5 Freedom Fund-research into forced labour in EU supply chains Universty of Nottin9harn SamTrNorth Found3tion-Transforrn & Innovation Fund Ashurst LLP-generdl support Dres5ember Foundation-chitd domestic work 15,0671 119.804 28,923 286.750 16,575 249,300 7.281 157,254 5,109 5,109 6.267 55.081 9.050 81.720 12.7831 38,819 65,458 14.803 14,803 24.640 24.640 l Newhouse-core lunding H Scutt-UK programme funding Dunn Farnily Charitable Foundation The Sirjames Reckntt-centenary Ashurst-fellow 11.4481 18,981 11.195 11.4481 47.737 11.195 9,287 7,674 25.671 8,131 11231 40.553 11,797 22.149 35.000 156.090 5,106 12,862 27,326 130.419 13,0251 Humanity United-busines5 & hurnan us Jirip-Niger OtheT IL231 Total progtsmme funds c/fwd 530,871 2,277,725 2,318.985 489.611 36

Antl-slavery International Notes to the financlal statements 31 March 2023 18. Movement in funds- current year {continuedl Total programme funGls blfwd 530.871 2.277.725 2,318,985 489,611 Building & libraryfund 19,148 5.326 13,822 Tot81 restricted f￿dS 550,019 2,277.725 2.324.311 503,433 Revaluation reserve Nelumbo Foundation-government action 417.703 5,056 412,647 72.774 448,513 327,325 193.962 Designated funds 490,477 448,513 332,381 606.609 General funds 160.397 1.171.920 1,136.758 195,559 Total unrestricted funds 650,874 1.620.433 1.469.139 802,168 Total Funds 1.200.893 3.898.158 3,793.450 1,305.601 The three negative funds in deficit at the year end are due to timing differences on the receipt of funds. The deficits will be cleared through contracted payments during the first half of this financial year. Ejyerditure & losses At l April 2021 1ncome & gains At 31 March 2022 Home Offits-hlSIF 2 68.234 137,2901 259.719 4,966 76.000 703.447 3.329 308B33 132.3241 74.730 686.195 13651 527 19,120 DflD Nepal Migrant resource trntre. Maurrfcius Norad-ChiLd Domestic Wotkers Voitr-Forced Child 6egging Voice-Niger US DRL-Traditional destent based 1.270 L7.252 465 13,2291 527 slavery ILO-Mali 128.4801 119,587 534,789 126,310 16.346 418387 152.226 40.513 11.294 55.761 16731 147.139 87.922 93,671 112,7561 32 MRG-Mauritania US Embassy-maurrtania US DRL-Mauritani8 11,411 11.326 63,355 7.594 16731 93.099 ATMG Twst for London-London legal project Laude5 Foundation GU-ILRF-cotton campaign Laudes Foundation-fortsd labour in supply chains 120.000 65,960 5.890 77,494 16741 54.156 60,03d 8,723 57,948 137,528 13.116 2.098 15.0671 170.2 10 50.406 119.804 PmgTamme fcinds oYwrJ 317.222 2.201.384 2.121.241 397,365 37

Anti-Sla¥ery Internatlonal Note5 to the linanclal statements 31 March 2023 18. Movement in funds- prior year Icontinuedl Proutsmffle funds bffwd 317,222 2,201.384 2.121.241 397.365 Samworth Foundation-Transform & Innovation Fund 14E.DOO 35,000 82.542 41,030 65.458 14,803 Ashurst LLP-genernl support Dressember Foundation-child domestic work 20.833 8.370 24,640 8.370 4.790 57.000 22,275 24.640 Laudes Foundation BHR 4,790 J Newhouse-core fundin9 H Scutt-UK programme funding Dunn F8mily Chaiitable Foundation Other 55.552 41,256 11,4481 18.981 33.992 22,797 11.195 11231 11231 351.092 Total prOgramn￿ fund5 2.539.824 2,360.045 53D.871 Building & library fund 38.306 19.158 19.148 Total restricted f￿d$ 389,398 2.539,824 2.379,203 550.019 Revaluation reseNe Nelumbo Foundation-government actyon 423.266 5,563 417,7D3 68.777 219.476 215,479 72,774 Designated funds 492,043 219.476 221.042 490.477 General fitnds 132.465 715.314 687.382 160,397 Total unrestricted f￿d$ 624.508 934,790 908.424 650,874 Total Fund$ 1,013.906 3,474,614 3,287,627 1,200.893 Purposes of restricted funds: HomeOFfice-M9F 2 Reducing ny)dem siavtty ￿ supply chèin5in m￿U￿t￿usthrWgh cregting a platfvrm fL protérion and rÈmody. ASOS- a9re&mentttsfund th@Migr4ntRewurce Centre IhlRCI continuation GIDbal 5trategytOenga0ewith busine5%e¥tu end CDrporatectyhplitsty inf(rcéd in the Uyyhuf regi( Thehuman Cost of the ctirnate ¢risi% soiutson5tothe iniersectlLm of si8very. migrati￿ and cliTnate£hange. Globalstrate9y b engage with bU￿nesSest0en￿C￿￿CrètecC￿rnpb￿tv in fLy￿d Labourin the ￿￿hUr rcgiw. Jcint prDjecttoadvocbts.ar¢und thecurrentdebatesDnthe introduttion of an instrumenttoallow ltrr ￿rnPDrt bansforgoodslinkEd to severe hurnan rl9htsvio￿1￿S such a5forced Ibbwr rhild lab￿r￿the1eVe[ Df thÉ Eurcpean Union. hand5 make I1￿tWO1k'. eliminabng slavery in clilld dorn8stic work forth¢ P￿10d 2021-2023. Ending sLavery in Africa. Comb8ttyny iraditionaldoscent-bèsed 51averyandforced child begging and rointr4ting formorslavk% in fourWestAfriCOtOUntries. Cotnbatting 5tèvery and siavery-based di5Lritnination in Mall. Trip¥rtite strategytoeradi¢ate slavery in mauritan￿1. Executecritical c4paoty-buiLdin9 and advwy efforts negativoly delayed by COVID- 19 third and lourth waves. Er3di¢ate 51averyin Mauritanié and N￿er4￿￿ rrf0mDtethefU￿ intÈ9rjC￿ tsf victirns Into Society. Migrant rS￿rce(@￿tre, Mauritlu5 ACILS-Uyyhur Strat￿¥ &pport Hom@otlice-MgF3 ACILS-Endforced14bour ECCHF-Ban on forc*d la￿urf￿ EU irnports Nor￿-thI1￿ Domestlc Wtrkers vol￿-FOrCed Child gegging US DRL-Traditionèl descent bjsed slJvery ILO-Ma MRG-N4auritsnia US Emba5sy-Mauritani US DRL-Maurit￿h 38

Antl-slavery International Notes 10 the flnancial Statements 31 March 2023 Purposes of restricted fund5 Icont.I: ATMG 3- Esmoe Fairburn Improve protection 3nd assistance fof trslficked people. Anti Trafficking montioring 9roup. Covid-19 risk & e5ponse'. impacts mity9ation for modern slaveryvi¢tim> survi¥(Ks and vulntrable populations. Stralegir litigation prqect. ATMG 2- H Scutt ATMG 3- The BaDng Foundation Twstlor London-Lcmdon le9al project GLJ-ILRF-cotton ca¥npaign Laudes Foundabon-forced labour i Supply chains Freedom Fund-research intoforced L4bour in EU 5upplythains LSniveisity of Nottingh3m 5amworth Found8tion-Transfotm & Innovation Fund Support ¢f¢otton campaign wark in promoting human rights. Influencing Europeari policy & legislation toadd￿% forced laL¥Jurin globalsupply chains European Centrefor Con5titutw)nal Human Right> Hame55ing UK tradoand Inve$tmentto wjdress Indo-Pacific m(dem sLavery risks. Transform and innovate grantto allowASI to build its5hort-term 3ctilryti￿ and le4rning. maxirnising the elementsof work lotussed ￿ gra5srwt5 tvovement building. inlluecing the bigger development hctors. and influencing led by people who are, and ar8 closerto. those most affected by modern slavery. CommitmenttoASI for f25,mOeach year fpr IOyear5to onabie ASI to employ someone asthe Matilda Ashur5tADli-51avery Fcllow and ro use said Fellow to progress whatever it 15 Within mcrflorTr sLavery thatASI needs th2trole to achieve. Match funding toeliminate child domest￿ work in Ghan8 and Tanzania. Support f(￿ ASI Activities. Recruitmentof Parliamentary officer role within ASI. Support for 3 projects.. a neY¢ly commissioned research project in Nepal, thecontinued work Df our Business and Human RightsTcam. Recruitment Df additional support staff. CommitmenttoASI for £3&mOeach ycarfor Ioyearsto enable ASI to employ sOMer￿e asthe Matilda Ashurst Anty-siavery Fellow and to use said FelLowto progress whatever it is Krythin m(wJom sLavery that ASI ne8dsthatrole to achieve. Supportof Anti-siavery International'sThematic Adv(thcy prcyjramme. Reducefor¢¢d Child be9ging ITr Niger and West Afriti. Reduce vulnerabibtiesforthe Haliya through increased social, political, and eEonomic empowermenL and participation in the effeckive lTnpI￿￿entatl0Th of the Nepaleso governinent'5 rehabililation proce55. Focuging on women of 51ove descent. Influencing European policy & Legislatw)n to address forced labouf in globalsupply European athon to reduce forced and child labour in global svpply chains. Funds previously receiv￿ to fund the purchase and development of the building and library. Thefund is used to offsetthe dtpretiation associated With the 255ets and fgr maintenance 4nd developmentof the building. This representsthe increase in the netbook value of the Organisat￿￿'S headquarters afterthp revaluation undertaken in 2012 le5$ the additional d¢pre¢iation arising Sinc To undewritethe cost5 01 some of ASI'S Advttacy & Programmo team. including the creation of new p)#s to help us achieve our aims. Funding would also be invested in project C￿t5 surh as scoping. rnovement building. rescarch. and campaigning. A5hurgt LLP-general 5UPPDrt Dressember FoundatioD-chitd domesb J Newhouse-core funding H Scutt-UK programrDc funding Dunn Fatnily Ch8ritsbie Foundation The Srjames Reckitt-CentÈnary Fund A5hur5k-fellow Hum3Trity United-bu5in¢ss & human USJfflP-Niger OflD Nepal Voice-Niger Laudes Found4tiCA) Laudes Foundation BHR Building & library fund Revalu3tion reserve Meiumbo Fwndabon-government aciio 39

Antl-51avery Internatlonal Notes to the flnancial statements 31 March 2023 19. Prior Year Adjustment The charity received funds from the Nelumbo Foundation which were treated as restricted in the 2021122 financial statements. It has since been clarrfied that the funds were unrestricted and the 2021122 comparative numbers have been updated to reflect this. The fund has been designated for use for our business and human right5 wor The effect of the change is to decrease restricted fund values and increase unrestricted fund values by the same amount - there is no change to the overall surplus for the year. In detail. the brought forward restricted reserves at l April 2021 decreased by £68,777, restricted income decreased by £219,476 and carried forward restricted reserves at 31 March 2022 decreased by £72.774. The unrestricted funds increased by the same value in each categorv. 20. Capital commltrnents At the balance sheet date, the charity had no capital commitments. 21. Legal status of the charity The charity 15 a company litnited by guarantee and has no share capital. The liability of each member in the event of winding up 15 limited to £1. 40