Company number: 3079904 Charity Number: 1049160 

## Anti-Slavery International 

Report and financial statements For the year ending 31 March 2024 

1 



**Anti-Slavery International** 

## **Contents** 

## **For the year ended 31 March 2024** 

## Table of Contents 

REFERENCE AND ADMINISTRATIVE INFORMATION ............................................................................ 3 TRUSTEES’ ANNUAL REPORT .................................................................................................................... 4 INTRODUCTION ......................................................................................................................................... 4 OBJECTIVES ................................................................................................................................................ 5 OUR 2020-25 STRATEGY AND APPROACH ....................................................................................... 6 OUR WORK IN 2023-24 ........................................................................................................................... 7 _**Ending Child Slavery**_ ............................................................................................................................ 7 _**Responsible Business**_ ........................................................................................................................... 8 _**Migration and Trafficking**_ .................................................................................................................... 9 _**Slavery and Climate Change**_ ............................................................................................................. 11 FUNDRAISING AND COMMUNICATIONS .......................................................................................... 11 RISK AND FINANCE ................................................................................................................................ 12 _Risk Management_ ................................................................................................................................. 12 _Finance Review_ ..................................................................................................................................... 13 _Reserves Policy_ ..................................................................................................................................... 14 _Going Concern_ ....................................................................................................................................... 14 STRUCTURE, GOVERNANCE AND MANAGEMENT ......................................................................... 14 _Remuneration Policy for Key Management Personnel_ ................................................................... 15 _Key Personnel Changes 2023/24_ ...................................................................................................... 15 _Statement of the Responsibilities of the Trustees_ .......................................................................... 15 _Plans for 2024/25_ ................................................................................................................................. 16 INDEPENDENT AUDITOR’S REPORT……………………..………………………………………………………………….……….17 STATEMENT OF FINANCIAL ACTIVITIES ………………………………………………………………………………….....……21 BALANCE SHEET …………………… ……………………………………………………………………………………………..………..…….22 STATEMENT OF CASHFLOWS …………………………………………………………………….………………………….….…..…..23 NOTES TO THE FINANCIAL STATEMENTS ………….…………………………………………….…………………….……..…24 

2 



**Anti-Slavery International** 

**Reference and administrative information** 

## **For the year ended 31 March 2024** 

## REFERENCE AND ADMINISTRATIVE INFORMATION 

|**Company number**|3079904||
|---|---|---|
|**Country of incorporation**|United Kingdom||
|**Charity number**|1049160||
|**Country of registration**|England and Wales||
|**Registered office**|The Foundry||
|**and operational**|17 Oval Way||
|**address**|London||
||SE11 5RR||
|**Trustees**|Trustees, who are also directors under company law, who served||
||during the year and|up to the date of this report were as follows:|
||Sunil Sheth|Chair|
||Roxanne Abdulali|resigned 31 December 2023|
||Peter Freedman|Treasurer|
||Sarah Dalton|appointed 22 July 2024|
||Tom Palakudiyil||
||Ben Rawlings||
||Adil Shah|resigned 22 July 2024|
||Soumya Singh||
||Judy Lister||
|**Principal staff**|Jasmine O’Connor|Chief Executive Officer|
|||(resigned 13 September 2024)|
||Donna Covey|Interim Chief Executive Officer|
|||(appointed 9 September 2024)|
|**Bankers**|Barclays Bank PLC,|P.O. Box 270, London, SE15 4RD|
|**Auditor**|Sayer Vincent LLP,|Chartered Accountants and Statutory Auditors,|
||110 Golden Lane, London EC1Y 0TG||
|**Solicitors**|Stone King LLP, Boundary House, 91 Charterhouse Street, London,||
||EC1M 6HR||



3 



**Anti-Slavery International** 

Trustees’ Annual Report **For the year ended 31 March 2024** 

## TRUSTEES’ ANNUAL REPORT 

## INTRODUCTION 

The trustees present their report and the audited financial statements for the year ended 31 March 2024. 

Over the course of the year, we saw continued progress in our campaigns with new EU laws to protect workers in global supply chains. We will continue to work for these laws to be strong. 

This year, we were able to fully launch our new work to address the system of Kafala, which controls and exploits tens of millions of workers in the Gulf Co-Operation Countries. Our work on climate change and slavery continued to build, with more organisations taking up our positions and pressing for the inclusion of the issues in climate change negotiations. 

In Mauritania, we worked with our partners in Mauritania to secure the adoption of a law creating an additional specialised Tribunal to Combat Slavery, Human Trafficking and Migrant Smuggling. When passed, this will mean greater accountability for those responsible for slavery. 

The military coup in Niger in the summer of 2023 meant we needed to flex our work on child slavery there. We were able to support partners and ensure the work continued, albeit at a reduced rate. In Mali, which also had a coup in 2021, significant progress was made when the Government agreed to draft new landmark legislation to tackle slavery. 

In the UK we worked closely with partners across the sector to call for an end to policies and laws which penalise survivors of modern slavery. We prepared ourselves for the UK election period to make sure our issues were communicated to all major parties. 

Our income grew to £4.4m, and we sold our freehold property, building our reserves and moving to a more agile office which better supports hybrid working. 

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 Statement 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 charity. 

Reference and administrative information set out on page 3 form part of this report. 

4 



**Anti-Slavery International** 

Trustees’ Annual Report **For the year ended 31 March 2024** 

## OBJECTIVES 

The trustees confirm that they have complied with the duty in Part 1, 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.’ 

Anti-Slavery International, founded in 1839, is the world's oldest international human rights organisation. 

The Charity’s objects are: 

1. The elimination of slavery, the slave trade and all forms of unlawful forced labour and unlawful deprivation of freedom as 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 treaties conventions or covenants prepared and executed 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, take calculated risks and respond to opportunities. 

## _Inclusive_ 

We believe that everyone has a role in ending slavery, we make sure every voice is respected and nurture diverse perspectives and partnerships to create better solutions. 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. 

5 



**Anti-Slavery International** Trustees’ Annual Report **For the year ended 31 March 2024** 

## OUR 2020-25 STRATEGY AND APPROACH 

We have identified five strategic priorities that ASI and the wider anti-slavery movement need to address to help power international efforts to end slavery: 

## **i. System Change** 

We want to see sustainable, long-term change to the root causes and systems which underpin and drive slavery. Systemic change must involve all actors, including governments, businesses and civil society, and changes must have effect in law, policy, and practice. 

## **ii. Survivors’ voice** 

Survivors’ voices are crucial to understanding and addressing slavery. Effective and ethical survivor engagement must be the norm, throughout our movement. 

## **iii. Movement Building** 

To be most effective 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. 

## **v. 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 55% have enacted legislation to put those rights into practice. Where domestic legislation does exist, it is underutilised to prevent slavery and protect victims. 

Anti-Slavery International 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 trafficking 

- Slavery and climate change 

6 



**Anti-Slavery International** 

Trustees’ Annual Report **For the year ended 31 March 2024** 

## OUR WORK IN 2023-24 

We worked on strategic priorities across all of our priority themes. We partnered with 44 organisations working in 18 countries and with six partners working globally. Nine of our partners were coalitions within which we played a leading role, and these represented a further 238 organisations in the global anti-slavery movement. 

## _**Ending Child Slavery**_ 

## **Eliminating Slavery in Child Domestic Work (Ghana, Tanzania)** 

Domestic work is a sector which is particularly vulnerable to slavery and exploitation because it takes place inside private households and is typically combined with a lack of legal protection. Child domestic workers (CDWs) are particularly vulnerable. 

Our work with partners on changing systems at a local level to prevent exploitation and support victims in Ghana and Tanzania wrapped up towards the end of this year. The final evaluation confirmed that the project had contributed to reducing the abuse and exploitation of CDWs. This included both employers and CDWs gaining a clearer understanding of their rights and positive shifts in employer behaviour, with many now fostering caring and supportive environments for CDWs. There were also improved perceptions and attitudes towards CDW within communities more broadly and a growing inclination to approach community leaders and committees to report cases of exploitation. 

The project's collaboration with local and sub-national stakeholders also led to new policies, such as the creation of by-laws in Tanzania to hold employers accountable for abuse, and the creation of local committees in Ghana playing a pivotal role in enforcing guidelines and policies related to CDW. 

## **Exploitative Child Domestic Work and Forced Child Marriage (Nepal and Tanzania)** 

Throughout 2023, Anti-Slavery International and partners in Nepal and Tanzania conducted ground-breaking pilot research into the links between child domestic work and child marriage. From this, we aim to develop further work to improve the effectiveness of holistic interventions to tackle both child domestic work and child marriage globally. In particular we aim to identify and reach those most vulnerable to the worst cases of child labour that amount to child slavery and forced labour. 

## **Descent Based Slavery (Niger, Mauritania and Mali)** 

We work with partners and communities of slave descent in all three countries to improve legal protection and tackle the poverty, discrimination, prejudice and lack of access to opportunities that fuel descent-based slavery practices. 

7 



**Anti-Slavery International** 

Trustees’ Annual Report **For the year ended 31 March 2024** 

In Mauritania, ongoing advocacy efforts by our partners, SOS Esclaves, and Anti-Slavery International led to the adoption of a law in March 2024, creating an additional specialised Tribunal to Combat Slavery, Human Trafficking and Migrant Smuggling. The aim is to ensure greater efficiency in handling slavery crimes and address existing shortcomings in the implementation of the country’s law No. 2015-031 _Instituting the Criminalisation of Slavery and Punishing Slaverylike Practices_ . 

Following advocacy by our partners, the Mauritanian Government also set up an aid and assistance fund for victims of trafficking in April 2024 through the National Authority for the Fight against Human Trafficking and Migrant Smuggling. An initial group of people of slave descent received money through this fund (MRU 100,000 - £1968,76), which will be used to start income-generating activities and contribute to their empowerment. Our partners provided support to recipients to help them manage their funds. 

People freed from slavery and marginalised groups face many difficulties in obtaining basic identity documents, and this is a key barrier that prevents people from accessing relevant state programmes and services. National and international advocacy efforts also led in 2023 to the Mauritanian Government launching a campaign to encourage civil registration for individuals. They also created several mobile units to facilitate official ID registration along with simplified requirements for obtaining identity documents. We will monitor their impact in the coming year. 

The military coup in 2023 significantly impacted our work in Niger this year, not least preventing us from visiting in person. Nevertheless, we have been producing regular situation updates from our partners ‘on the ground’ and have been able to adapt our programming to enable the work to continue. We are confident that we will see progress in the coming year. 

In Mali, despite the military coup that took place in 2021, we have seen positive steps towards ending slavery. Following many years of our campaigning, including leveraging pressure from UN and EU experts, we were pleased to see that the transitional Government of Mali has set up a new commission of experts to draft this new, landmark legislation. The commission included our local partners, Temedt, and was supported by Anti-Slavery International and the International Labour Organization. The new law is now in the process of being adopted. 

## _**Responsible Business**_ 

## **Legislative Change** 

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 forced labour in the private sector worldwide. 

On 21 June 2022, the Uyghur Forced Labor Prevention Act came into force in the US. This bans all companies from importing goods tainted with Uyghur forced labour into the USA. As the law comes into effect, Anti-Slavery International and our allies are urging companies not to dump Uyghur forced 

8 



**Anti-Slavery International** 

Trustees’ Annual Report **For the year ended 31 March 2024** 

labour goods into other markets which lack equivalent strong laws , 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 state-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 Act, and a public 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 with the Corporate Justice Coalition. 

## **State Imposed Forced Labour** 

We continued our work with partners to end forced labour in Turkmenistan and the Xinjiang Uyghur Autonomous Region. 

On Turkmenistan we secured a review by the ILO which condemned the government for 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 110th 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 HCHR), Michelle Bachelet, 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 report to the UN Human Rights Council in September. These mark a major step to put global pressure on the Chinese Government to end the abuses. 

## _**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 Bangladesh, 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. 

9 



**Anti-Slavery International** 

Trustees’ Annual Report **For the year ended 31 March 2024** 

Our project working on this concluded successfully in Q1, 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, which our advocacy supported. 

Our partners in Bangladesh also signed an MoU with a governmental agency (Bureau of Manpower, Employment and Training) 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 (GCC) countries and campaign for the abolishment of the Kafala system in 3 GCC countries. 

## **UK Anti-Trafficking** 

We continue to chair the Anti-Trafficking Monitoring Group (ATMG) to monitor the UK Government’s compliance with the Council of Europe Convention on Action Against Trafficking in Human Beings (ECAT). As part of the ATMG, we have coordinated the UK visit from the Group of Experts on Action Against Trafficking in Human Beings (GRETA) in October 2023 and a follow up joint shadow submission from the UK third sector to provide evidence on the state of slavery and trafficking in the UK. 

We worked hard to make sure the wider movement and our allies were aligned in their approach to challenging the Illegal Migration Bill and we produced two briefings outlining how this Bill breaches ECAT and wider international law as well as on the potential risks of re-trafficking. These briefings were shared with representatives of different parties and members of parliament during the passage of the Bill in Parliament. Despite all these efforts, the “Illegal Migration Act” (IMA) has become an Act of law in July 2023, but the modern slavery parts are yet to be commenced and the newly elected Government has been taking positive steps such as repealing the Safety of Rwanda Act 2024 and processing asylum claim who were previously made inadmissible by the IMA. 

We have also continued to monitor the state of slavery and trafficking in the UK and the negative impact of other pieces of legislation such as the Nationality and Borders Act 2023, which is preventing survivor’s access to identification and support offered through the National Referral Mechanism (NRM). As part of this work, we have provided evidence in the legal challenge of R (VAN, LAN, MAN) v SSHD, which resulted in an interim relief order being granted against the Public Order Disqualification policy in the Nationality and Borders Act. As a result, the Court instructed the Home Office to conduct a Risk of re-trafficking Assessments before disqualifying a victim of trafficking and modern slavery from the NRM support on Public order grounds. This introduced an 

10 



**Anti-Slavery International** 

Trustees’ Annual Report **For the year ended 31 March 2024** 

additional safeguard for the survivors affected by this policy, but we are continuing to work to ensure no survivors are left behind. 

## _**Slavery and Climate 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. Further, as the world continues to experience the devastating impacts of climate change, a full transition away from the fossil fuel economy is imperative. Yet, in the race to net zero, we must seek ways to avoid the costs to human rights currently associated with green technology manufacturing and diversify sourcing, so that we can meet the world’s urgent and necessary decarbonisation goals without resorting to modern slavery along the way. 

Since 2021, Anti-Slavery International has been leading calls to recognise and address the nexus between climate change, migration and forced labour and trafficking. In 2023, to further establish evidence of this nexus we have been undertaking research with our partners the International Institute for Environment and Development (IIED) and Ovibashi Karmi Unnayan Program (OKUP). We have also worked to build recognition by key powerholders on the nexus by focusing on the United Nations Framework Convention on Climate Change (UNFCCC) and the UN Human Rights Council Mechanisms. We started to see the results of this work in 2023 through strengthened engagement with key civil society coalitions who influence the Conference of the Parties (COP) to the UNFCCC. 

## FUNDRAISING AND COMMUNICATIONS 

Anti-Slavery International saw strong year for fundraised income. The organisation retained a diverse portfolio of fundraised income ranging from grants raised from governments, foundation, philanthropists as well as donations from individuals, companies, community groups and our first major fundraising event; December’s Carols for Freedom. 

This past year, fundraising and communications activities included: 

- Grant fundraising from institutional, foundation and company donors totalling £2.8m. As project development slowed in 2022 and 2023, one government grant was secured in 2023-24 – as sub-grant via the International Labor Organisation. 

- Fundraising from individuals across digital and offline methods saw continued interest from people keen to support the work of the organisation. We piloted our campaigning digital community building around a legal case focussed on goods made with Uyghur forced labour and secured considerable interest and support. This was a result of digital and advocacy integration on these issues, to increase the pool of supporters and drive a larger group of people to use their time, money and voice to support the charity. We continue to see impressive commitment in giving from individuals who choose to make a regular gift to the 

11 



**Anti-Slavery International** Trustees’ Annual Report **For the year ended 31 March 2024** 

organisation’s ongoing work. No fundraising agencies generating direct donations worked on behalf of Anti-Slavery International in 2023-24. 

- Anti-Slavery International benefited from a continued partnership with Ashurst LLP and from a company donating around Anti-Slavery Day in October. Additionally, our work providing paid consultancy (trading income) to businesses and non-profits supported the charity’s ongoing work. 

## **Participation in fundraising regulation and compliance with the codes** 

In accordance 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 (COIF). The fundraising staff are CIOF members and work in accordance with the Codes is monitored through regular staff supervision, through ad-hoc referencing as required and as queries arise. Team members take part in relevant fundraising training as needed. In line with the 2020-27 fundraising and communications strategy, volunteers support the organisation through voluntary fundraising and staff ensure that this fundraising adheres to the Codes and to law. Resources are available to volunteer fundraisers, including on regulatory requirements and good practice. 

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 monitors any potential interactions with vulnerable people and acts in accordance with the Treating Donors Fairly CIOF guidance. The additional role of Supporter Care Assistant in Q3 allowed the team to further develop its systems of supporter care and identify areas for strengthening, such as thanking times and data imports. 

In 2023-24, Anti-Slavery International received no fundraising complaints. As with all complaints and feedback, we remain committed to ensuring that these interactions lead to an improved overall experience for our supporters. 

## RISK AND FINANCE 

## _Risk Management_ 

Trustees undertake a thorough risk review annually. This involves identifying the types of risks the charity faces, prioritising them in terms of potential impact and likelihood of occurrence and identifying ways of mitigating them. As part of this process, trustees keep the adequacy of the charity’s internal controls under review and, wherever possible, comply with best practice. 

Additionally, the Finance Committee and Board assess and review 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 risks identified by this ongoing process are as follows** : 

12 



**Anti-Slavery International** 

Trustees’ Annual Report **For the year ended 31 March 2024** 

## **1. Inability to raise sufficient funds to deliver ASI’s strategic aims** 

We are looking to secure funding for future periods as a number of grants have or will come to an end shortly, and we have submitted a number of large proposals. The risk if we do not secure these or other large grant funding is that we will need to reduce our projects to be in line with the available funding rather than being able to carry out projects that advance all of our strategic objectives. 

## **2. Staffing** 

We continue to have difficulty in recruiting staff with the right skills and sufficient experience due to the ongoing impact on the labour market of Covid-19 and Brexit, combined with inflation. We have been able to increase salaries in line with the sector, but roles have not always been easy to fill, which can have a large impact on programme delivery and fundraising. 

The Board have robust plans in place to minimise the potential disruption that could be caused by the coincidental departure of two members of the Senior Management Team. There was a handover period between the departing and interim CEOs in September 2024, and plans are well advanced for the appointment of an interim Director of Fundraising and Communications. 

## **3. Geopolitical events** 

With programmes in West Africa, there is a risk of the political situation deteriorating further. We are continuing to implement projects in Niger despite the coup, but we cannot be sure this will continue to be the case. The presidential election in the US may change funding priorities in a way that did not happen in the first Trump administration. There is always the risk of new wars, for example over Taiwan, that may indirectly impact our work. 

## _Finance Review_ 

We sold our freehold property on the open market in September 2023 for £1,275k, which made a book profit of £644k. This has had a significant impact on the balance sheet and reserves, as discussed below. Excluding the property sale, total income was £4.4m, up £0.5m on 2022/ 2023. Unrestricted donations increased by £91k (8%), which is a good performance given the state of the economy. Our legacy income has had another good year and made up 9% of our total income. Investment income decreased with the tenants in the freehold office property reducing the office size being rented and then ceasing when the building was sold. 

Income from restricted charitable activities increased by £394k and our restricted expenditure increased by a similar amount. Our costs increased more or less in line with inflation as our main cost, staff wages, increased, along with one-off moving and other costs associated with the sale of the property. 

13 



**Anti-Slavery International** 

Trustees’ Annual Report **For the year ended 31 March 2024** 

## _Reserves 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 expenditure as work is carried out in areas which are complex and challenging, for example we may need to pause work due to geopolitical events. This 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 working capital for our day-to-day operations. 

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 two values is the target reserve.  The policy estimates our target unrestricted reserve at around £1,100k. Due to the sale of the property, our general unrestricted reserves are £1,393k, which is above this value. Our unrestricted reserves are likely to decrease during 2024/25 due to certain grants coming to an end but expect them to stabilise in 2025/26 before increasing again. 

Trustees and senior management monitor the financial position regularly to keep abreast of any upcoming risks that may impact the reserves position. 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 as 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. 

## 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 International 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 Finance 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. 

14 



**Anti-Slavery International** Trustees’ Annual Report **For the year ended 31 March 2024** 

## _Remuneration Policy for Key Management Personnel_ 

The trustees consider the Board and the Senior Management Team (SMT) 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 Committee of Anti-Slavery’s board and approved by the Board. This committee 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 2023/24_ 

There were no changes in key personnel during the year but the Chief Executive Officer and the Director of Fundraising & Communications will have left by the end of this current financial year. They have been replaced by interim appointments while we recruit permanent replacements. 

## _Statement of the Responsibilities of the Trustees_ 

The trustees (who are also directors of Anti-Slavery International 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 gives a true and fair view of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: 

- Select suitable accounting policies and then apply them consistently. 

- Observe the methods and principles in the Charities SORP. 

- Make judgements 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 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. 

15 



**Anti-Slavery International** 

Trustees’ Annual Report **For the year ended 31 March 2024** 

In so far as the trustees are aware: 

- There is no relevant audit information of which the charitable 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 responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The 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 2024/25_ 

## We will: 

- Closely monitor the uncertain external funding context and adapt our priorities as needed to ensure that we always deliver the maximum impact with the funding available; 

- Continue to develop ASI’s long-term organisational capabilities which given this year’s funding context may require us to invest a small percentage of our reserves; 

- Work closely with our partners in the anti-slavery movement to seize emerging opportunities for greater impact, such as those presented by the new government in the UK; 

- Establish a working group on diversity and inclusion to drive forward this work and 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 23 September 2024 and signed on their behalf by 

Sunil Sheth Chair 

16 



**Independent Auditor’s Report To the members of Anti-Slavery International** 

## Opinion 

We have audited the financial statements of Anti-Slavery International (the ‘charitable company’) for the year ended 31 March 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: 

- Give a true and fair view of the state of the charitable company’s affairs as at 31 March 2024 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 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 directors 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 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 respect 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 report thereon. The directors 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: 

- 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 directors’ 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: 

- Adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or 

- The financial statements 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 



**Independent Auditor’s Report To the members of Anti-Slavery 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 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 directors 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 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 directors 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: 

- We enquired of management, which included obtaining and reviewing supporting documentation, 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 internal controls established to mitigate risks related to fraud or non-compliance with 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 charity 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-Slavery International** 

financial statements or that had a fundamental effect on the operations of the charity 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 made to 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 identify 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 transactions that are unusual or those outside the normal course of business. 

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

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

## Use of our report 

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

Noelia Serrano (Senior statutory auditor) 

17 October 2024 2024 

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

20 



**Anti-Slavery International** 

## **Statement of financial activities** (incorporating an income and expenditure 

account) 

## **For the year ended 31 March 2024** 

||Restricted<br>£<br>-<br>2,672,139|**2024**<br>Total<br>£<br>1,565,528<br>2,792,161<br>9,251<br>643,804<br>5,010,744<br>618,392<br>3,802,645<br>4,421,037<br>**589,707**<br>-|Unrestricted<br>£<br>1,389,648<br>128,877<br>101,908<br>-|Restricted<br>£<br>-<br>2,277,725<br>-<br>-|2023<br>Total<br>£<br>1,389,648<br>2,406,602<br>101,908<br>-|
|---|---|---|---|---|---|
|2,338,605|2,672,139||1,620,433|2,277,725|3,898,158|
||13,534<br>2,732,082||669,837<br>799,302|496<br>2,323,815|670,333<br>3,123,117|
|1,675,421|2,745,616||1,469,139|2,324,311|3,793,450|
|||||||
|**663,184**<br>13,822|**73,477)**<br>**(**<br>(13,822)||**151,294**<br>-|**46,586)**<br>**(**<br>-|**104,708**<br>-|
||87,299)<br>(<br>503,433||151,294<br>650,874|46,586)<br>(<br>550,019|04,708<br>1<br>1,200,893|



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 17. 

21 



**Anti-Slavery International** 

## **Balance sheet** 

## **Company no. 3079904** 

## **As at 31 March 2024** 

||||**2024**||**2023**|
|---|---|---|---|---|---|
||Note|£|£|£|£|
|_Fixed Assets:_||||||
|Tangible assets|11||5,474||615,950|
|Intangible assets|12||10,441||14,349|
|_Current Assets:_||||||
|Debtors|13|590,822||733,882||
|Cash at bank||1,599,823||496,900||
|||2,190,645||1,230,782||
|_Liabilities:_||||||
|Creditors: amounts falling due within|14|(311,252)||(555,480)||
|one year||||||
|**Net current assets**|||1,879,393||675,302|
|||||||
|**Total Net Assets**|||1,895,308||1,305,601|
|**The funds of the charity:**|16|||||
|Restricted income funds|||416,134||503,433|
|Unrestricted income funds:||||||
|Designated funds||85,831||606,609||
|General funds||1,393,343||195,559||
|Total unrestricted funds|||1,479,174||802,168|
|**Total Charity Funds**|||1,895,308||1,305,601|



Approved by the trustees on 23 September 2024 and signed on their behalf by 

……………………………………………. 

Sunil Sheth Chair of Trustees 

22 



**Anti-Slavery International** 

## **Statement of cash flows As at 31 March 2024** 

|**Net income for the reporting period**<br>(as per the Statement of Financial Activities)<br>Depreciation & amortisation charges<br>Losses on disposal of fixed assets<br>Surplus on sale of property<br>Interest and rent from investments<br>Decrease/ (increase in debtors)<br>Increase in creditors<br>**Net cash provided by/ (used in) operating activities**<br>**Cash flows from operating activities**<br>£<br>**Net cash provided by/ (used in) operating activities**<br>_Cash flows from investing activities:_<br>Interest and rent from investments<br>9,251<br>Sale of fixed assets<br>1,239,195<br>**Net Cash flows from investing activities**<br>**_Cash flows from financing activities:_**<br>Repayments of borrowing<br>**Change in cash and cash equivalents in the year**<br>Cash and cash equivalents at the beginning of the year<br>**Cash and cash equivalents at the end of the year**|**2024**<br>£<br>**116,192**<br>**1,248,446**<br>(261,715)<br>1,102,923<br>496,900<br>1,599,823|**2024**<br>£<br>589,707<br>15,147<br>3,845<br>(643,804)<br>(9,251)<br>143,060<br>17,488<br>116,192<br>£<br>101,908<br>-|2023<br>£<br>104,708<br>16,608<br>-<br>(101,908)<br>(359,826)<br>175,469|
|---|---|---|---|
||||(164,949)|
||||2023<br>£<br>(164,949)<br>101,908<br>(38,281)|
||||(101,322)<br>598,222|
||||496,900|



23 



**Anti-Slavery International Notes to the financial statements 31 March 2024** 

## **1. Accounting policies** 

## **a)** 

## **Statutory information** 

Anti-Slavery International is a charitable company limited by guarantee and is incorporated in England & Wales. The registered office address is The Foundry, 17 Oval Way, London SE11 5RR. 

## **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 charitable company meets the definition of a public benefit entity under FRS 102. 

## **d) Going concern** 

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. 

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. 

In determining the going concern status, trustees have considered all material uncertainties and risks and have reviewed the financial performance of the organisation with reference to forecast levels of free reserves and cash flow projections. 

The Charity’s cash position remains positive throughout the period under review and the Trustees believe it can settle its liabilities as and when they fall due. For this reason, the going concern assumption is considered to be appropriate. 

## **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. 

24 



**Anti-Slavery International Notes to the financial statements 31 March 2024** 

## **1.      Accounting Policies (continued)** 

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 finalised and notification has been made by the executor(s) to the charity that a distribution will be made; 

- or when a distribution is received from the estate. 

Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably, and the charity has 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 legacy is a treated as a contingent asset and disclosed if material. 

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

## **f)** 

## **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. 

## **g)** 

## **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. 

## **h)** 

## **Overseas partner expenditure** 

Payments to overseas partners are based on forecast expenditure for the coming period and recognised when the payment is sent to the partner. Where partners do not spend funds received in full this is adjusted in the following period so 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. 

## **i)** 

## **Expenditure and irrecoverable VAT** 

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

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

- Expenditure on charitable activities includes the costs of delivering services undertaken to further the purposes of the charity and their associated support costs. 

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

## **j)** 

## **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 programme regions. Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements. 

25 



**Anti-Slavery International Notes to the financial statements 31 March 2024** 

## **1.      Accounting Policies (continued)** 

## **k) Foreign currencies** 

Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate of exchange prevailing at the balance sheet date. 

## **l) Tangible fixed assets** 

Items of equipment are capitalised where the purchase price exceeds £3,000. 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: 

- Freehold buildings 2% straight line 

- Fixtures & fittings 10% straight line 

- Computer & office equipment 20% straight line 

- Intangible- Database, website & software 20% straight line 

Freehold land is not depreciated. 

The last full valuation was carried out on 13 July 2012 on the freehold property. The charity took advantage of the FRS 102 transition relief to treat this valuation as deemed cost. Other assets will be reviewed for impairment if circumstances 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 at the amount prepaid. 

## **n)** 

## **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 acquisition or opening of the deposit or similar account. 

## **o)** 

## **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. 

## **p)** 

## **Financial instruments** 

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 

26 



Anti-slavery Internatlonal
Notes to the financial ststements
31 March 2024
Accounting Policies (continued)
Pensions
The charity makes payments to personaL pension pLans of aLL empLoyees. The costs16%1 are charged
tothe ststement of financial activities for the period to which they relate. The company has no liability
underthe scheme otherthan payments of these contributions.
q)
Income from donations and legacles
2024
2023
Total
Unrestricted Restrieted
Totsl
Unrestricied Rèstricted
Individuals
446.434
734,185
384.909
446,434
734.185
384,909
428,466
661,126
300,056
428.466
661.126
300.056
TnJst & Corporate
Legacies
1,565,528
1,565,528
1,389.648
1,389,648
Legacie5 include £351,39412023.. £285.5001 for which notifications and values have been received
but not paid by the year end.
Income from charitsble activities
2024
2023
Unrestricted Restricted
Total
Unrestricted Restricted
Total
Home offi￿-Ms1F 2
ACILS-Uyghur Strategy SuppoTt
Home Oftice-MSIF 3
11781
68,783
84,916
55,210
6,478
11781
68,783
84,916
55,210
6,478
333.619 333.619
31,211
31,211
ACILS-End forced labour
ECCHR-8an on forced Labourfor EU
imports
Norad-child Domestic Workers
Freedom Fund-support GLAN & WUC
Freedom Fund-Global Coalition for
Import Bans
Ethical Consumèr-agricijltural
coalition
US DRL-Traditional descent based
slavery
ILO-Mali
322.197 322.197
76.969
76,969
32.787
32,787
611,334 611,334
995
995
86.521
86,521
69.522
69.522
27,844
27.844
5.394
5.394
477.626 477,626
MRG-Mauritsnia
US Embassy-mauritania
US DRL-Mauritsnia
GCC cOa￿tIon Against Forced Labor
of Migrant Workers
Samworth Foundation-ATMG
632,082 632.082
36.411
36.411
60,000
60.000
Subtotal dfwd
1,526,271 1.526.271
1,493,450 1.493,450
27

**Anti-Slavery International Notes to the financial statements 31 March 2024** 

## **3.      Income from charitable activities (continued)** 

|MSPECC Uyghur Forced Labour in<br>Green Technology Supply Chains<br>Trust for London-London legal project<br>GLJ-ILRF-cotton campaign<br>BIICL-impact of NABA modern<br>slavery measures<br>Freedom Fund-research into forced<br>labour in EU supply chains<br>Supply chain<br>Other Income<br>_Subtotal b/fwd_<br>Samworth Foundation-Transform &<br>Innovation Fund<br>ATMG 3 - Esmée Fairburn<br>ATMG 3 - H Scutt<br>**Total income from charitable**<br>**activities**<br>Humanity United-business & human<br>rights<br>Other grants<br>Laudes Foundation-forced labour in<br>supply chains<br>H Scutt-UK programme funding<br>The Sir James Reckitt-Centenary Fund<br>Ashurst-fellow 2022/23<br>Dressember Foundation-Ukraine<br>migration<br>Ashurst-fellow 2023/24<br>CAF America<br>US J/TIP-Niger<br>University of Nottingham|-<br>83,869<br>36,153|1,526,271<br>1,526,271<br>5,987<br>5,987<br>-<br>-<br>39,800<br>39,800<br>-<br>-<br>4,306<br>4,306<br>257,147<br>257,147<br>-<br>-<br>8,774<br>8,774<br>41,508<br>41,508<br>-<br>-<br>25,994<br>25,994<br>41,000<br>41,000<br>-<br>-<br>-<br>-<br>35,000<br>35,000<br>-<br>-<br>4,004<br>4,004<br>664,348<br>664,348<br>18,000<br>18,000<br>83,869<br>36,153<br>2,672,139<br>2,792,161|-<br>105,011<br>23,866|1,493,450 1,493,450<br>-<br>40,000<br>40,000<br>60,000<br>60,000<br>43,247<br>43,247<br>28,923<br>28,923<br>286,750<br>286,750<br>5,109<br>5,109<br>6,267<br>6,267<br>-<br>55,081<br>55,081<br>-<br>-<br>40,553<br>40,553<br>22,149<br>22,149<br>35,000<br>35,000<br>-<br>156,090<br>156,090<br>-<br>5,106<br>5,106<br>-<br>105,011<br>23,866|
|---|---|---|---|---|
||120,022||128,877|2,277,725 2,406,602|
||||||



28 



**Anti-Slavery International Notes to the financial statements 31 March 2024** 

## **4. Analysis of Expenditure** 

## Current Year 

|Current Year||||||||
|---|---|---|---|---|---|---|---|
||Cost of raising||||Governance|Support||
||funds|Africa|Asia|Europe|costs|costs|**Total**|
||£|£|£|£|£|£|£|
|Salaries (note 7)|299,814|432,205|141,513|795,824|16,223|267,430|1,953,009|
|Payments to partners (note 5)|-|989,593|78,020|302,787|-|-|1,370,400|
|Other programme costs|8,836|55,137|14,280|29,858|-|5,589|113,700|
|Other operating costs|232,479|141,496|94,692|252,137|19,887|243,237|983,928|
||541,129|1,618,431|328,505|1,380,606|36,110|516,256|**4,421,037**|
|Governance costs|5,051|15,106|3,066|12,887|(36,110)|-|-|
|Support costs|72,212|215,972|43,837|184,235|-|(516,256)|-|
|**Total expenditure 2024**|618,392|1,849,509|375,408|1,577,728|-|-|**4,421,037**|



## Prior Year 

||Cost of raising||||Governance|Support||
|---|---|---|---|---|---|---|---|
||funds|Africa|Asia|Europe|costs|costs|**Total**|
||£|£|£|£|£|£|£|
|Salaries (note 7)|328,185|377,546|80,871|666,761|17,750|202,649|1,673,762|
|Payments to partners (note 5)||826,340|29,079|101,441|||956,860|
|Other programme costs|7,549|64,001|20,676|49,295|-|245|141,766|
|Other operating costs|242,698|207,156|102,210|169,569|16,578|282,851|1,021,062|
||578,432|1,475,043|232,836|987,066|34,328|485,745|**3,793,450**|
|Governance costs|6,066|15,469|2,442|10,351|(34,328)||-|
|Support costs|85,835|218,886|34,551|146,473||(485,745)|-|
|**Total expenditure 2023**|670,333|1,709,398|269,829|1,143,890|-|-|**3,793,450**|



29 



**Anti-Slavery International Notes to the financial statements 31 March 2024** 

## **5. Grant making** 

The above grants represent payments to institutions in furtherance of the charity’s strategic aims. 

30 



**Anti-Slavery International Notes to the financial statements 31 March 2024** 

## **6. Net income for the year** 

This is stated after charging: 

|**income for the year**<br>ed after charging:|||
|---|---|---|
||**2024**|2023|
||£|£|
|Depreciation & amortisation|15,147|16,608|
|Losses on disposal of fixed assets|3,845|-|
|Foreign exchange losses/ (gains)|21,250|(33,666)|
|Interest payable|12,791|16,846|
|Auditor's remuneration excluding VAT|||
|Statutory audit|14,425|13,525|
|Other audit services - current|29,159|23,851|
|Other audit services - under accrual for prior year|-|16,393|



## **7. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel** 

Staff costs were as follows: 

|Salaries & wages<br>Social security costs<br>Employer's pension contributions|**2024**<br>2023<br>£<br>£<br>1,674,425<br>1,430,887<br>181,776<br>161,335<br>96,808<br>81,540<br>1,953,009<br>1,673,762|
|---|---|



## **Remuneration of employees** 

The number of employees whose remuneration fell within the following bands were: 

||**2024**|2023|
|---|---|---|
||No.|No.|
|£60,000-£70,000|4|2|
|£70,000-£80,000|-|-|
|£80,000-£90,000|-|-|
|£90,000-£100,000|-|1|
|£100,000-£110,000|1|-|



The total employee benefits including pension contributions of the key management personnel were £335,130 (2023: £313,308). Termination payments of £15,330 were accrued during the year (2023: £2,981). 

The charity trustees were not paid or 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 

31 



**Anti-Slavery International Notes to the financial statements 31 March 2024** 

charity (2023: £nil). Trustees' expenses represent the payment or reimbursement of travel and subsistence costs totalling £113 (2023: £159) incurred by 1 (2023: 1) member relating to attendance at meetings of the trustees. 

## **8. Staff numbers** 

The average monthly number of employees (head count based on number of staff employed) during the year was as follows: 

|was as follows:|||||
|---|---|---|---|---|
|Programmes<br>Fundraising & Communications<br>Support & Governance|**2024**<br>No.<br>20<br>11<br>7<br>38|2023<br>No.<br>18<br>11<br>5<br>34<br>_Headcount_|**2024**<br>2023<br>No.<br>No.<br>19<br>17<br>10<br>11<br>7<br>5<br>36<br>33<br>_Full Time Equivalent_||
|||||33|



## **9. Related party transactions** 

There are no related party transactions to disclose for 2024 (2023: none). 

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties (2023: none). 

Unrestricted donations received from trustees in the year were £520 (2023: £375). 

## **10. Taxation** 

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

32 



**Anti-Slavery International Notes to the financial statements 31 March 2024** 

## **11. Tangible fixed assets** 

|**Cost or valuation**<br>At the start of the year<br>Additions in the year<br>Disposals in the year<br>At the end of the year<br>**Depreciation**<br>At the start of the year<br>Charge for the year<br>Disposals in the year<br>At the end of the year<br>**Net book value**<br>At the end of the year<br>At the start of the year|Freehold<br>property<br>Fixtures &<br>fittings<br>Computer<br>& office<br>equipment<br>**Total**<br>£<br>£<br>£<br>**£**<br>725,000<br>4,931<br>2<br>7,134<br>5<br>807,065<br>-<br>-<br>-<br>-<br>(725,000)<br>(24,931)<br>(38,576)<br>(788,507)|
|---|---|
||-<br>-<br>18,558<br>18,558|
||122,888<br>0,499<br>2<br>7,728<br>4<br>191,115<br>6,720<br>587<br>3,932<br>1,239<br>1<br>(129,608)<br>(21,086)<br>(38,576)<br>(189,270)|
||-<br>-<br>13,084<br>13,084|
||-<br>-<br>5,474<br>**5,474**|
||602,112<br>4,432<br>9,406<br>615,950|



All of the above assets are used for charitable purposes. 

33 



**Anti-Slavery International Notes to the financial statements 31 March 2024** 

## **12. Intangible fixed assets** 

|**Cost or valuation**<br>At the start of the year<br>Additions in the year<br>At the end of the year<br>**Depreciation**<br>At the start of the year<br>Charge for the year<br>At the end of the year<br>**Net book value**<br>At the end of the year<br>At the start of the year|Database<br>& website<br>Software<br>**Total**<br>£<br>£<br>**£**<br>56,829<br>18,318<br>75,147<br>-<br>-<br>-|
|---|---|
||56,829<br>18,318<br>75,147|
||56,829<br>3,969<br>60,798<br>-<br>3,908<br>3,908|
||56,829<br>7,877<br>64,706|
||-<br>10,441<br>**10,441**|
||-<br>14,349<br>14,349|



## **13. Debtors** 

|Trade debtors<br>Accrued income<br>Other debtors<br>Prepayments|**2024**<br>2023<br>£<br>£<br>30,000<br>6,467<br>514,515<br>692,719<br>20,881<br>11,556<br>25,426<br>23,140<br>590,822<br>733,882|
|---|---|



34 



**Anti-Slavery International Notes to the financial statements 31 March 2024** 

## **14. Creditors: amounts falling due within one year** 

|Trade Creditors<br>Mortgage<br>Taxation and social security<br>Pension contributions<br>Other creditors<br>Accruals|**2024**<br>2023<br>£<br>£<br>74,113<br>101,049<br>-<br>261,715<br>77,547<br>54,361<br>12,435<br>11,152<br>2,333<br>31,996<br>144,824<br>95,207<br>311,252<br>555,480|
|---|---|



## **15. Analysis of net assets between funds** 

## Current Year 

|Tangible and intangible fixed assets<br>Net current assets<br>**Net assets at the end of the year**|General<br>unrestricted<br>£<br>15,915<br>1,377,428<br>1,393,343|Designated<br>£<br>-<br>85,831<br>85,831|Restricted<br>**Total**<br>**funds**<br>£<br>£<br>-<br>15,915<br>416,134<br>1,879,393<br>416,134<br>1,895,308|
|---|---|---|---|



## Prior Year 

|Tangible and intangible fixed assets<br>Net current assets<br>**Net assets at the end of the year**|General<br>unrestricted<br>£<br>203,830<br>(8,271)<br>195,559|Designated<br>£<br>412,647<br>193,962<br>606,609|Restricted<br>**Total**<br>**funds**<br>£<br>£<br>13,822<br>630,299<br>489,611<br>675,302<br>503,433<br>1,305,601|
|---|---|---|---|



35 



**Anti-Slavery International Notes to the financial statements 31 March 2024** 

## **16. Movement in funds** 

## Current Year 

|_Total programme funds c/fwd_<br>CAF America<br>Home Office-MSIF 3<br>ACILS-End forced labour<br>ECCHR-Ban on forced labour for EU<br>imports<br>Ashurst-fellow<br>Freedom Fund-support GLAN &<br>Norad-Child Domestic Workers<br>Freedom Fund-Global Coalition for<br>Ethical Consumer-agricultural<br>Trust for London-London legal<br>project<br>GLJ-ILRF-cotton campaign<br>Laudes Foundation-forced labour in<br>supply chains<br>University of Nottingham<br>Samworth Foundation-Transform &<br>Innovation Fund<br>ILO-Mali<br>H Scutt-UK programme funding<br>The Sir James Reckitt-Centenary<br>Ashurst-fellow<br>MSPECC Uyghur Forced Labour in<br>Dressember Foundation-Ukraine<br>migration<br>US DRL-Mauritania<br>ATMG 3 - H Scutt<br>Humanity United-business & human<br>rights<br>US J/TIP-Niger<br>GCC Coalition Against Forced Labor<br>Samworth Foundation-ATMG<br>BIICL-impact of NABA modern<br>Other|At 1 April 2023<br>£<br>23,106<br>10,265<br>6,478<br>43,594<br>-<br>-<br>-<br>43,715<br>(34,180)<br>14,722<br>1,961<br>7,281<br>157,254<br>(2,783)<br>-<br>38,819<br>-<br>11,797<br>12,862<br>27,326<br>-<br>130,419<br>(3,025)<br>-<br>-<br>489,611|Income & gains<br>£<br>333,619<br>31,211<br>-<br>322,197<br>76,969<br>32,787<br>995<br>632,082<br>-<br>36,411<br>60,000<br>5,987<br>39,800<br>-<br>4,306<br>257,147<br>8,774<br>41,508<br>-<br>25,994<br>41,000<br>35,000<br>-<br>4,004<br>664,348<br>18,000<br>2,672,139|Expenditure &<br>losses<br>£<br>344,950<br>41,476<br>6,478<br>365,791<br>33,835<br>14,937<br>-<br>43,715<br>600,026<br>36,411<br>36,825<br>5,987<br>54,522<br>1,961<br>11,587<br>282,198<br>5,991<br>41,508<br>38,819<br>25,994<br>39,804<br>12,862<br>27,326<br>10,725<br>115,261<br>4,004<br>524,623<br>18,000<br>2,745,616|Transfers<br>At 31 March 2024<br>£<br>£<br>-<br>11,775<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>43,134<br>-<br>17,850<br>-<br>995<br>-<br>-<br>(2,124)<br>-<br>-<br>23,175<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>132,203<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>12,99<br>3<br>-<br>-<br>-<br>-<br>24,27<br>5<br>15,15<br>8<br>-<br>-<br>-<br>136,700<br>-<br>-<br>-<br>416,134|
|---|---|---|---|---|



36 



**Anti-Slavery International Notes to the financial statements 31 March 2024** 

## **16.      Movement in funds – current year (continued)** 

|_Total programme funds b/fwd_<br>Building & library fund<br>**Total restricted funds**<br>Revaluation reserve<br>_Designated funds_<br>General funds<br>**Total unrestricted funds**<br>**Total Funds**<br>Nelumbo Foundation-business,<br>human rights and the Environment<br>Act<br>Nelumbo Foundation-government<br>action|489,611<br>13,822<br>503,433<br>412,647<br>193,962<br>-<br>606,609<br>195,559<br>802,168<br>1,305,601|2,672,139<br>-<br>2,672,139<br>-<br>231,027<br>408,068<br>639,095<br>1,699,510<br>2,338,605<br>5,010,744|2,745,616<br>-<br>2,745,616<br>-<br>424,989<br>322,237<br>747,226<br>928,195<br>1,675,421<br>4,421,037|-<br>(13,822)<br>(13,822)<br>(412,647)<br>-<br>-<br>(412,647)<br>426,469<br>13,822<br>-|416,134<br>-|
|---|---|---|---|---|---|
||||||416,134|
||||||-<br>-<br>85,831|
||||||85,831<br>1,393,343|
||||||1,479,174|
|||||||
||||||1,895,308|



The negative fund in deficit at the year end is due to timing differences on the receipt of funds. The deficit will be cleared through contracted payments during the first half of this financial year. 

## Prior Year 

|GLJ-ILRF-cotton campaign<br>Laudes Foundation-forced labour in<br>supply chains<br>ILO-Mali<br>MRG-Mauritania<br>US Embassy-Mauritania<br>US DRL-Mauritania<br>ATMG 3 - Esmée Fairburn<br>ATMG 3 - The Baring Foundation<br>Home Office-MSIF 2<br>Migrant resource centre, Mauritius<br>ACILS-Uyghur Strategy Support<br>Home Office-MSIF 3<br>ACILS-End forced labour<br>ECCHR-Ban on forced labour for EU<br>imports<br>Norad-Child Domestic Workers<br>Voice-Forced Child Begging<br>US DRL-Traditional descent based<br>Trust for London-London legal<br>project<br>_Programme funds c/fwd_<br>ATMG 3 - H Scutt|At 1 April 2022<br>£<br>19,120<br>1,270<br>-<br>-<br>-<br>-<br>17,252<br>465<br>87,922<br>93,671<br>(12,756)<br>32<br>7,594<br>52,932<br>5,167<br>7,861<br>2,098<br>(5,067)<br>119,804<br>397,365|Income & gains<br>£<br>(178)<br>68,783<br>-<br>84,916<br>55,210<br>6,478<br>611,334<br>86,521<br>-<br>69,522<br>27,844<br>5,394<br>477,626<br>40,000<br>60,000<br>-<br>43,247<br>28,923<br>286,750<br>1,952,370|Expenditure &<br>losses<br>£<br>18,942<br>1,270<br>68,783<br>61,810<br>44,945<br>-<br>584,992<br>465<br>174,443<br>119,478<br>15,088<br>5,426<br>519,400<br>92,932<br>50,445<br>7,861<br>43,384<br>16,575<br>249,300<br>2,075,539|Expenditure &<br>losses<br>At 31 March 2023<br>£<br>£<br>18,942<br>-<br>1,270<br>-<br>68,783<br>-<br>1,810<br>6<br>23,106<br>44,945<br>10,265<br>-<br>6,478<br>584,992<br>43,594<br>465<br>-<br>174,443<br>-<br>119,478<br>43,715<br>15,088<br>-<br>5,426<br>-<br>519,400<br>(34,180)<br>92,932<br>-<br>0,445<br>5<br>14,722<br>7,861<br>-<br>3,384<br>4<br>1,961<br>6,575<br>1<br>7,281<br>249,300<br>157,254<br>2,075,539<br>274,196|
|---|---|---|---|---|



37 



**Anti-Slavery International Notes to the financial statements 31 March 2024** 

## **16.      Movement in funds – prior year (continued)** 

|_Total programme funds_<br>Building & library fund<br>**Total restricted funds**<br>Revaluation reserve<br>_Designated funds_<br>_General funds_<br>**Total unrestricted funds**<br>**Total Funds**<br>Humanity United-business & human<br>rights<br>US J/TIP-Niger<br>Other<br>Freedom Fund-research into forced<br>labour in EU supply chains<br>University of Nottingham<br>Samworth Foundation-Transform &<br>Innovation Fund<br>Ashurst LLP-general support<br>Dressember Foundation-child<br>domestic work<br>J Newhouse-core funding<br>H Scutt-UK programme funding<br>Dunn Family Charitable Foundation<br>The Sir James Reckitt-Centenary<br>Fund<br>Ashurst-fellow<br>Nelumbo Foundation-government<br>action<br>_Programme funds b/fwd_|397,365<br>-<br>-<br>65,458<br>14,803<br>24,640<br>(1,448)<br>18,981<br>11,195<br>-<br>-<br>-<br>-<br>(123)<br>530,871<br>19,148<br>550,019<br>417,703<br>72,774<br>490,477<br>160,397<br>650,874<br>1,200,893|1,952,370<br>5,109<br>6,267<br>55,081<br>40,553<br>-<br>22,149<br>35,000<br>156,090<br>5,106<br>-<br>2,277,725<br>-<br>2,277,725<br>-<br>448,513<br>448,513<br>1,171,920<br>1,620,433<br>3,898,158|2,075,539<br>5,109<br>9,050<br>81,720<br>14,803<br>24,640<br>(1,448)<br>47,737<br>11,195<br>9,287<br>7,674<br>25,671<br>8,131<br>(123)<br>2,318,985<br>5,326<br>2,324,311<br>5,056<br>327,325<br>332,381<br>1,136,758<br>1,469,139<br>3,793,450|2,075,539<br>5,109<br>9,050<br>1,720<br>8<br>14,803<br>24,640<br>(1,448)<br>7,737<br>4<br>11,195<br>9,287<br>7,674<br>25,671<br>8,131<br>(123)<br>2,318,985<br>5,326<br>2,324,311<br>5,056<br>327,325<br>332,381<br>1,136,758<br>1,469,139<br>3,793,450|274,196<br>-<br>(2,783)<br>38,819<br>-<br>-<br>-<br>11,797<br>-<br>12,862<br>27,326<br>130,419<br>(3,025)<br>-|
|---|---|---|---|---|---|
||||||489,611<br>13,822|
||||||503,433|
||||||412,647<br>193,962|
||||||606,609<br>195,559|
||||||802,168|
|||||||
||||||1,305,601|



## **Purposes of restricted funds:** 

Home Office-MSIF 3 ACILS-End forced labour ECCHR-Ban on forced labour for EU imports 

The human cost of the climate crisis: solutions to the intersection of modern slavery, migration and climate change. Global strategy to engage with businesses to end corporate complicity in forced Labour in the Uyghur region. Joint project to advocate around the current debates on the introduction of an instrument to allow for import bans for goods linked to severe human rights violations such as forced labour or child labour at the level of the European Union. 

Norad-Child Domestic Workers Freedom Fund-support GLAN & WUC 

Freedom Fund-Global Coalition for Import Bans Ethical Consumer-agricultural coalition ILO-Mali US DRL-Mauritania GCC Coalition Against Forced Labor of Migrant Workers Samworth Foundation-ATMG 

BIICL-impact of NABA modern slavery measures ATMG 3 - H Scutt Trust for London-London legal project GLJ-ILRF-cotton campaign 

Many hands make light work: eliminating slavery in child domestic work for the period 2021-2023. Legal and campaign strategy to support World Uyghur Congress in court on the UK government’s failure to investigate Uyghur Region cotton imports. An international network of civil society organizations working to introduce and enforce import bans against goods made using forced labour. 

A coalition to end exploitation of migrant workers in Spain’s agricultural sector. Combatting slavery and slavery-based discrimination in Mali. Eradicate slavery in Mauritania and Niger and promote the full integration of victims into society. Subgrantee in coalition work to jointly advocate for migrant workers’ rights in Gulf Cooperation Council countries. 

This grant is to facilitate ASI and the ATMG to help equip the Modern Slavery Sector to be more dynamic in its advocacy, moving away from classical lobbying methods that have lost effect as a result of changing political culture, and to use more strategic advocacy outputs such as survivor leadership, narrative resetting and strategic litigation. 

This grant was to facilitate ATMG's role in producing the report: _Assessing the Modern Slavery Impacts of the Nationality and Borders Act: One Year On_ . 

Anti Trafficking monitoring group. Strategic litigation project. Support of cotton campaign work in promoting human rights. 

38 



**Anti-Slavery International Notes to the financial statements 31 March 2024** 

## **Purposes of restricted funds (cont.):** 

|Laudes Foundation-forced labour in|Influencing European policy & legislation to address forced labour in global supply chains.|
|---|---|
|supply chains||
|University of Nottingham|Harnessing UK trade and investment to address Indo-Pacific modern slavery risks.|
|MSPECC Uyghur Forced Labour in|Developing investor guidance and policy recommendations to address Uyghur forced labour in green technology.|
|Green Technology Supply Chains||
|Samworth Foundation-Transform &|Transform and innovate grant to allow ASI to build upon its short-term activities and learning, maximising the elements|
|Innovation Fund|of work focussed on grassroots movement building, influencing the bigger development actors, and influencing led by|
||people who are, and are closer to, those most affected by modern slavery.|
|Dressember Foundation-Ukraine|Developing guidance for businesses on how to prevent and mitigate human rights risks affecting displaced people,|
|migration|focusing on the ongoing war in Ukraine.|
|H Scutt-UK programme funding|Recruitment of Parliamentary officer role within ASI.|
|The Sir James Reckitt-Centenary Fund|Recruitment of additional support staff.|
|Ashurst-fellow|Commitment to ASI for £35,000 each year for 10 years to enable ASI to employ someone as the Matilda Ashurst Anti-|
||Slavery Fellow and to use said Fellow to progress whatever it is within modern slavery that ASI needs that role to|
||achieve.|
|Humanity United-business & human|Support of Anti-Slavery International's Thematic Advocacy programme.|
|CAF America|Support of our operational costs.|
|US J/TIP-Niger|Reduce forced child begging in Niger and West Africa.|
|Other|Miscellaneous small and one-off restricted funds|
|Building & library fund|Funds previously received to fund the purchase and development of the building and library. The fund is used to offset|
||the depreciation associated with the assets and for maintenance and development of the building.|
||The sale of the building means that the remaining balance has been moved to our general fund.|
|Revaluation reserve|This represents the increase in the net book value of the organisation's headquarters after the revaluation undertaken|
||in 2012 less the additional depreciation arising since that date.|
|Nelumbo Foundation-government|To underwrite the costs of some of ASI’s Advocacy & Programme team, including the creation of new posts to help us|
|action|achieve our aims. Funding would also be invested in project costs such as scoping, movement building, research, and|
||campaigning.|
|Nelumbo Foundation-business, human|To underwrite the costs of some of ASI’s Advocacy & Programme team, including the creation of new posts to help us|
|rights and the Environment Act|achieve our aims. Funding would also be invested in project costs such as scoping, movement building, research, and|
||campaigning.|
|Home Office-MSIF 2|Reducing modern slavery in supply chains in Mauritius through creating a platform for|
||protection and remedy.|
|Migrant resource centre, Mauritius|ASOS - agreement to fund the Migrant Resource Centre (MRC) continuation in Mauritius.|
|ACILS-Uyghur Strategy Support|Global strategy to engage with businesses to end corporate complicity in forced labour in the Uyghur region.|
|Voice-Forced Child Begging|Ending slavery in Africa.|
|MRG-Mauritania|Tripartite strategy to eradicate slavery in Mauritania.|
|US Embassy-Mauritania|Execute critical capacity-building and advocacy efforts negatively delayed by COVID-19 third and fourth waves.|
|ATMG 3 - The Baring Foundation|Covid-19 risk & response: impacts and mitigation for modern slavery victims, survivors and vulnerable populations.|
|Ashurst LLP-general support|Commitment to ASI for £35,000 each year for 10 years to enable ASI to employ someone as the Matilda Ashurst Anti-|
||Slavery Fellow and to use said Fellow to progress whatever it is within modern slavery that ASI needs that role to|
||achieve.|
|Dressember Foundation-child domestic|Match funding to eliminate child domestic work in Ghana and Tanzania.|
|J Newhouse-core funding|Support for ASI Activities.|
|Dunn Family Charitable Foundation|Support for 3 projects: a newly commissioned research project in Nepal, the continued work of our Business and Human|
||Rights Team.|



39 



**Anti-Slavery International Notes to the financial statements 31 March 2024** 

## **17. Operating lease commitments** 

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

|Less than one year<br>One to five years<br>Over five years|**2024**<br>2023<br>£<br>£<br>17,356<br>-<br>-<br>-<br>-<br>-<br>17,356<br>-<br>**Property**|
|---|---|



## **18. Capital commitments** 

At the balance sheet date, the charity had no capital commitments. 

## **19. Legal status of the charity** 

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

40