2025-03-31-accounts

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Company number: 3079904 Charity Number: 1049160

�Anti-Slavery International

Report and financial statements For the year ending 31 March 2025

Anti-Slavery International

For the year ended 31 March 2025

REFERENCE AND ADMINISTRATIVE INFORMATION ................................................................................... 3 TRUSTEES’ ANNUAL REPORT............................................................................................................................... 4 INTRODUCTION ...................................................................................................................................................... 4 OBJECTIVES ............................................................................................................................................................. 4 OUR 2020-25 STRATEGY AND APPROACH ............................................................................................... 5 OUR WORK IN 2024-25 ...................................................................................................................................... 7 Regional Advocacy & Programmes............................................................................................................... 7 European Advocacy ..........................................................................................................................................10 UK Advocacy ......................................................................................................................................................11 Responsible Business & Corporate Engagement ...................................................................................13 International & Thematic Advocacy ............................................................................................................13 FUNDRAISING AND COMMUNICATIONS ...................................................................................................15 RISK AND FINANCE .............................................................................................................................................16 Risk Management .............................................................................................................................................16 Finance Review ..................................................................................................................................................16 Reserves Policy ..................................................................................................................................................17 Going Concern ...................................................................................................................................................17 STRUCTURE, GOVERNANCE AND MANAGEMENT ................................................................................18 Remuneration Policy for Key Management Personnel .........................................................................18 Key Personnel Changes 2024/25 ................................................................................................................18 Statement of the Responsibilities of the Trustees .................................................................................19 Plans for 2025/2026........................................................................................................................................20 INDEPENDENT AUDITOR’S REPORT……………………..………………………………………….……………………….……….21 STATEMENT OF FINANCIAL ACTIVITIES ………………………………………………………………………………….....……25 BALANCE SHEET …………………… ……………………………………………………………………………………………..………..…….26 STATEMENT OF CASHFLOWS …………………………………………………………………….………………………….….…..…..27 NOTES TO THE FINANCIAL STATEMENTS ………….…………………………………………….…………………….……..…28

Anti-Slavery International

Reference and administrative information

For the year ended 31 March 2025

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 W ay
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
	Peter Freedman	Treasurer
	Sarah Dalton	appointed 31 August 2024
	Tom Palakudiyil
	Ben Rawlings
	Adil Shah	resigned 31 August 2024
	Soumya Singh
	Judy Lister
Principal Officers
Helen Moulinos	Chief Executive Officer –	Helen Moulinos (appointed 17 March 2025)
	Interim Chief Executive	Officer - Donna Covey - (9 September 2024-
	28 March 2025).
	Chief Executive Officer-	Jasmine O’Connor - (resigned 13 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

Anti-Slavery International

Trustees’ Annual Report

For the year ended 31 March 2025

TRUSTEES’ ANNUAL REPORT

INTRODUCTION

The trustees present their report and the audited financial statements for the year ended 31 March 2025.

Over the course of the year, we saw continued progress in our campaigns with new laws and legislative instruments in the UK and European Union to protect workers in global supply chains. W e will continue to work for these laws to be strong.

This year, we deepened existing and launched new programmes of African advocacy and capacity building in the areas of descent-based slavery and forced child begging. Our thematic work on state-imposed forced labour, migration, climate change and platform economy continued to deliver impact with our global coalition partners.

In the UK, we worked closely with partners across the sector to call for an end to policies and laws which penalise people who have experienced modern slavery.

Our income was reduced to £3,689,491, due to volatility and uncertainty with major institutional funders and changing priorities from trusts and foundations. W e are grateful to all our donors, supporters, members and partners for their steadfast commitment and continued support of the anti-slavery movement during what has been a difficult period at Anti-Slavery International that meant we needed to restructure our work within a reduced operating cost profile.

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 form part of this report.

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.

Anti-Slavery International

Trustees’ Annual Report

For the year ended 31 March 2025

The Charity’s objects are:

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
The advancement of public education concerning the rights of indigenous peoples; and
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. W e 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

W e commit to learning and continuous improvement and do not assume yesterday’s ideas will work today. W e are flexible, open-minded, take calculated risks and respond to opportunities.

Inclusive

W e 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. W e make sure that those with direct experience of slavery and survivors inform our work.

Transformative

W e are determined, taking considered and courageous action that has lasting, systemic impact with humans at its heart.

OUR 2020-25 STRATEGY AND APPROACH

This was the last year of our 5-year strategy where we have worked towards five strategic priorities and four themes since its inception in 2020. The strategic framework under-pinning our work this year during 2024-2025 included:

Anti-Slavery International

Trustees’ Annual Report

For the year ended 31 March 2025

i. System Change

Sustainable, long-term change to the root causes and systems which underpin and drive slavery. Systemic change involving all actors, including governments, businesses and civil society, and changes that 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. W hile most countries have ratified instruments to end slavery, only 55% have enacted legislation to put those rights into practice. W here domestic legislation does exist, it is underutilised to prevent slavery and protect victims.

Anti-Slavery International has drawn 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 last five years. We have worked to address these strategic priorities both at a global level and in the context of our focus delivered thematic programmes between 2020-2025:

Ending child slavery
Responsible business
Migration and trafficking
Slavery and climate change

W e plan to co-create a new strategy during 2025-2026 which we expect to launch in early 2026.

Anti-Slavery International

Trustees’ Annual Report

For the year ended 31 March 2025

OUR W ORK IN 2024-25

W e worked on our 2020-2025 strategic priorities across our priority thematic areas to deliver in partnership with global and UK coalition partners within the anti-slavery movement.

Regional Advocacy & Programmes

The regional advocacy programme's work is currently entirely funded by US. Government Institutional Grants. Stop-work orders were received for all three of our grants in January 2025, which required us to suspend all activities and financial transactions related to our projects. During this time, we collaborated with the fundraising team on an emergency appeal and renegotiated terms with the US Government, which enabled us to ensure the stability of our partner organisations in Africa. This was essential for the long-term health and stability of our partners and their experienced staff members. W e have since resumed activities with US grants being reinstated, and are working to make up for some of the delays and disruptions in the coming year.

Despite the disruption of the Stop-work orders, our work within W estern Africa continued in 2024-2025 with notable achievements during the year.

Descent based slavery in Mauritania and Niger

W e published our report “Cultivating Routes to Freedom: Growing a Movement for Slavery Survivors’ Rights” in December 2024 to raise awareness of Descent-based slavery DBS and to share the lessons learned from the capacity building project.

Descent-based slavery (DBS) is a neglected phenomenon in Mauritania, Niger and the Sahel more widely. The practice of DBS has been ignored by both the public and duty-bearers, resulting in a lack of recognition of the rights and needs of slavery affected people. Victims face obstacles to citizenship, lack support to transition to independent lives or to integrate into all spheres of society – social, economic or political. Additionally, DBS communities lack infrastructure or services. Given the context of DBS in Mauritania and Niger, this project was designed to provide people of slave descent or survivors with direct support to improve their legal and socioeconomic circumstances, while aiming to bring about systemic change to the structures which pose barriers to their full integration into mainstream society. It aims to do this through the following three objectives:

Communities of slave descent can access improved livelihood opportunities and benefit from strengthened social protection instruments
Key stakeholders have improved knowledge and understanding of the needs and rights of communities of slave descent, and of the enablers of exclusion and perpetuation of discrimination against them

Anti-Slavery International

Trustees’ Annual Report

For the year ended 31 March 2025

The work of civil society organizations (CSOs) supporting victims of slavery in Mauritania and Niger is better informed and coordinated, it incorporates the voice of communities of slave descent, and it amplifies that voice to key stakeholders

In-country activities were led by SOS Esclaves (Mauritania) and Timidria (Niger), who are the national leaders of the anti-slavery movement with Anti-Slavery International (ASI) spearheading research and international advocacy including strengthening partners’ capacity to coordinate a broader, more cohesive anti-slavery movement in W est Africa.

The project successfully achieved several key results. In Niger, the project effectively provided support to survivors through civic education centers that enabled them to obtain civil status documents to exercise their rights. The project successfully enabled women to generate income independently which supported the schooling of nearly 2000 children from communities of slave descent with more than half of them being girls. A key outcome of advocacy activities in Niger resulted in the acceptance of Timidria’s recommendations in the penal code regarding slavery in Niger that included heavy sentences on slavery practices by the Ministry of Justice. In Mauritania, key successes included key convictions on slave-master, delivery of training for income generating activities for women that facilitated their economic independence and the strengthening of coordination to provide social support in reducing vulnerability.

Some of the lessons learnt in this project included the need to provide training modules on slavery practices in the curricula for duty bearers to address the shortcoming in Niger’s judicial system where relevant stakeholders involved in the criminal justice system lack sufficient training in dealing with slavery cases. There is a need to include environmental adaptation strategies in future projects to ensure that interventions are capable of withstanding unforeseen environmental disasters such as flood or draughts that could negatively impact the progress made from socio-economic interventions. In Mauritania, some key lessons learnt include better engagement with authorities at local level, signposting people of slave descent to access basic services and support and adapting their training models to delivery in local areas.

The project also demonstrated some key best practices that should be included in future programming. This includes regular meetings and exchanges bringing together all project partners to share information on progress, ways of implementing in order to foster mutual learning and solidarity.

Anti-Slavery International

Trustees’ Annual Report

For the year ended 31 March 2025

Descent-based slavery in Mali

In Mali, the US Stop-work orders meant that the project was delayed while uncertainty on funding was assessed and negotiated with the US government. The project was restarted in March 2025 with the aim to contribute to national efforts to combat descent-based slavery in Mali, through viable and practical actions to bring immediate, tangible, and measurable benefits to victims and contribute to more systemic reforms in the longer term. The objectives of the project which we will report on in 2025-2026 include:

Improved knowledge and awareness of public and key stakeholders on descent-based slavery and enslavement-based discrimination, including the nature and roots of slavery related violence, and victims’ rights, needs and priorities.
Strengthened Policy, legal framework, implementation, and protection mechanisms to combat descent-based slavery and enslavement-based discrimination.
Victims of descent-based slavery and enslavement-based discrimination are empowered to understand and exercise their rights of access to justice/remedies and protection mechanisms.
Improved protection and socioeconomic empowerment of victims of descent-based slavery and enslavement-based discrimination using an age, gender, and diversity approach.

Descent-based slavery in Niger and the Sahel

Our work commenced on a new project in Autumn/ W inter 2025 with a brief pause shortly after between January – March 2025 due to the Stop-W ork orders, supporting descent-slavery survivors and people of slave descent in the Sahel region. The goals for this programme are for Anti-Slavery International to support survivors to enjoy their civil, political, social, and economic rights and have equal access to rights, services and socio-economic support without discrimination.

In December 2024, Anti-Slavery International convened with survivors including a Western African activist delegation including Raichatou W alet Altanat, the vice-president of Association Temedt (Mali) and Biram Dah Abeid, the president of IRA-Mauritania invited by University College London (UCL) researchers leading the project “African Abolitionism: The Rise and Transformations of AntiSlavery in Africa”. To mark the International Day for the Abolition of Slavery, a roundtable discussion took place, involving the leaders of contemporary anti-slavery movements in W est Africa, including our partners mentioned above, who spoke about their struggles to eradicate slavery and support survivors and victims of slavery in their countries. Lastly, the exhibition “African Voices Against Slavery”, organized in the framework of the same research project was inaugurated. The exhibition aimed to shed light on the voices of African individuals and groups that challenged the institution of slavery and the slave trade through the centuries.

Building upon the launch of this programme during 2024-2025, there is an opportunity during 2025-2026, to strengthen joint advocacy and collaboration specifically on judicial and legal

Anti-Slavery International

Trustees’ Annual Report

For the year ended 31 March 2025

support, as there is cross border movement across the countries both of victims of slavery and of slave-masters.

Combatting forced child begging in Niger and W est Africa

Forced begging by children in Qur’anic schools continues to be recognized as a major problem in many W est African countries, including Burkina Faso, Chad, Gambia, Guinea, Guinea-Bissau, Mali, Mauritania, Niger, Nigeria, and Senegal. A joint statement by the NGO Forum gathered at the 54th ordinary session of the African Commission on Human and Peoples' Rights (ACHPR), in Gambia, 2013, emphasized that begging had become a serious new form of exploitation of children; and the ACHPR said they were "very concerned" by "the persistence and extent of the phenomenon of forced child begging which is taking on increasingly worrying proportions at the regional level and which is at the heart of the flagrant violations of human rights, to the point of turning into a real ‘social crisis’ which jeopardizes the lives and development of thousands of children.” Many initiatives have been led by CSOs, international agencies and some governments, notably in Senegal, Nigeria, and Mali, to address the phenomenon. However, the results have been mixed, and many observers believe the problem continues to grow, although definitive statistics are hard to establish.

Following on from our literature review report in 2023-2024, as part of the wider Combatting Forced Child Begging in W est Africa and Niger project led by Anti-Slavery International in partnership with the Rights Lab at the University of Nottingham, and NGOs Association Nigérienne pour le Traitement de la Délinquance et la prévention du crime (ANTD) and Ecole, parrainage & actions de développement (EPAD) in Niger we continued to deliver an important project to research, test, and scale-up approaches that are effective in reducing forced child begging in Qur’anic schools in W est Africa.

During 2024-2025 we continued to design and progress research reports which will be published in 2025-2026.

European Advocacy

W e continued during 2024-2025 to advocate for protection of the Corporate Sustainability Due Diligence Directive (CSDDD) which is at significant risk because of the European Commission’s omnibus proposal (see our statement here (Feb 2025))– the proposal was suggested as an exercise in simplification, however it is clear that this is part of a deregulation trend taking place globally.

The Commission’s proposal did not follow its own processes, and therefore, we have joined partners in submitting a complaint to the EU ombudsperson (March 2025), which has been accepted and is now being investigated.
W e supported the Special Rapporteur on Contemporary Forms of Slavery in a trip to Brussels to speak with key policymakers and stress the importance of safeguarding CSDDD.

Anti-Slavery International

Trustees’ Annual Report

For the year ended 31 March 2025

Our partners in NForce instigated a Global South letter in support of CSDDD, signed by 75 Global South CSOs (Feb 2025) and conducted media engagement; the members also met with key European Commissioners (Mar 2025)

W e are also maintaining pressure on the Forced Labour Regulation, which bans products made with forced labour from circulating on the EU market (see our analysis, published in February 2025). The law has passed and now requires the Commission and member states to take specific steps to ensure effective enforcement. We organised a roundtable with Human Rights W atch and the European Centre for Constitutional and Human Rights (ECCHR) to bring experts with experience in analysing forced labour risk to engage with the Commission and inform the development of a risk database . W e also led the production of a joint paper on considerations member states should take when appointing competent authorities (those who are responsible for enforcing the Regulation at the member state level)

UK Advocacy

Anti-Slavery International campaigned for change and provided briefings and support for the Great British Energy Act with a provision that the new public company must take measures to ensure its supply chains are free from slavery and human trafficking.

W e’ve had excellent engagement and support from the UK Government on considering stronger laws to address forced labour in supply chains:

Different target policymakers referring in the chamber to the commitment we secured with labour in 2023: “to assess the best ways of preventing environmental harm and human rights, including modern slavery, and labour abuse in supply chains, including looking at due diligence.”
Department for Business and Trade, beginning this assessment and stating the following three ASI-related activities as the catalyst:
The urgent question on Uyghur forced labour in tomato paste
The W estminster Hall Debate on Uyghur forced labour in supply chains, in which ASI was quoted
Great British Energy debates

As part of our movement-building, we delivered two petitions to Downing Street – one signed by over 10,000 people calling for import controls, and the other, joined with partners, reached over 123,000 signatures calling for a Business, Human Rights & Environment Act. The first event was in conjunction with the 10th anniversary of the Modern Slavery Act (further information available here), and the second was aligned with the anniversary of the UN Guiding Principles on Business and Human Rights.

Anti-Slavery International

Trustees’ Annual Report

For the year ended 31 March 2025

W e were selected as one of three CSOs to advise the FCDO on their National Baseline Assessment of the UK’s alignment with the UN Guiding Principles on Business and Human Rights (due to result in policy recommendations in early 2026).

Because of our submission to the Business and Trade Committee , Anti-Slavery International was the only CSO invited to brief the committee on international supply chains (Jan 2025)—our calls to action featured in their report.

W e spoke to the All-Party Parliamentary Group on modern slavery and human trafficking (Jan 2025) about the Government’s response to the House of Lords Modern Slavery Act Committee’s report (which we had heavily influenced).

W e influenced the agenda of the Joint Committee for Human Rights’ report on forced labour in supply chains, submitted our own evidence and advised on submissions from partners (Feb 2025). The report is expected to be released in the coming weeks.

W e were an advising partner on the Home Office’s updated Modern Slavery Act section 54 guidance (Mar 2025).

W e supported the Group of Experts on Action against Trafficking in Human Beings' visit while assessing the UK’s performance and submitted evidence on behalf of the ATMG (Dec 2024).

W e, in partnership with ATMG, developed a Fact Sheet on NRM reconsiderations in the wake of the Nationality and Borders Bill and found evidence of inadequate decision-making on NRM grounds in the first instance (Mar 2025).

W e, in partnership with ATMG and Middlesex University, published a training framework for local authorities who are first responders for victims of modern slavery. W e held a workshop to gather feedback from Local Authorities and selected NGOs to refine and finalise the training framework. Additionally, we conducted a separate focus group and interviews with experts who have lived experience to ensure the training framework is practical and relevant to real-world experiences.

W e have led the sector on advocacy around the Border Security and Asylum bill (ongoing). W e have created briefings, submitted amendments and coordinated responses.

The Global Commission on Modern Slavery report was published in Spring 2025 , which we heavily influenced during 2024-2025 through our role on the supply chains working group (setting up consultations around the world and lobbying internally at the Commission). It recognised problems with the transparency in supply chains approach of the UK Modern Slavery Act and explicitly recommended that governments introduce well-designed due diligence laws in complete alignment with the UNGPs. The report also recognised that import bans can be an effective trade-based tool against forced labour (citing ASI).

Anti-Slavery International

Trustees’ Annual Report

For the year ended 31 March 2025

Responsible Business & Corporate Engagement

W e were instrumental in driving better action from supermarkets , with the support of a petition (Jan 2025) and supporter emails directly to supermarket CEOs, to take steps to mitigate risk of forced labour in their supply chains, using the expose of Uyghur forced labour in tomato paste which we supported.

W e delivered training on modern slavery in the insurance sector and what human rights due diligence they can implement to prevent modern slavery.

W e spoke at the Consumer Goods Forum's Sustainable Retail Summit on the intersection between modern slavery and climate change, and the urgent business action needed to respect human rights (January 2025).

Reviewed Igno Investor's guidance to their portfolio companies on Uyghur forced labour and risk in solar panel supply chains (Feb 2025). This was developed from the MSPEC Uyghur Forced Labour in Green Technology guidance.

Participated in ETI Sweden’s panel on the forced labour regulation on what businesses need to do to meet the new requirements (Mar 2025).

W e delivered training to the solar coalition on migrant rights in green tech supply chains.

International & Thematic Advocacy

Climate Change

W e completed the Home Office Modern Slavery Innovation Fund programme in 2025. The final report is available here, and the final evaluation of the programme is here. As part of this work, two reports were completed earlier this year:
Exposed and exploited: climate change, migration and modern slavery in Bangladesh, presented at an event co-hosted with Anti-Slavery International in February 2025
Climate Change, Mobility and Modern Slavery provides a rapid assessment of current and emerging responses to the intersecting challenges of climate change, mobility and modern slavery.
W e started our engagement with IOM as part of an Advisory Committee for an upcoming report. W e provide technical advisory support on the intersection of displacement and vulnerability to trafficking in the context of climate change, environmental degradation and disasters. This was an opportunity to influence global messaging on the human trafficking risks that people affected by climate change and in a situation of displacement can be exposed to.

Anti-Slavery International

Trustees’ Annual Report

For the year ended 31 March 2025

Migration

The work of the Gulf Coalition was affected by the US funding freeze for just over a month. Upon re-engagement, we:
Contributed to the Coalition’s submissions on migrant workers’ labour rights abuses and modern slavery conditions in Qatar, Bahrain and Kuwait, to inform the US Trafficking in Persons report.
Supported the Coalition’s delivery of a video statement at the Qatar UPR adoption by a former migrant worker. The video reiterated Qatar’s shortfalls in the protection of migrant workers and enabled access to the policy space by a representative of the affected.
W e submitted to the UN W G on Business and Human Rights a Call for inputs for the report on “Labour Migration, Business and Human Rights”, which will inform their work at the UN General Assembly in September. Our submission is available here.

Platform Economy

W e published a first report focused on raising attention to the potential risks of forced labour in the platform economy. This is a very overlooked issue globally, despite discussion on decent work. An initial analysis of the findings was shared with ITUC staff before publication, who co-led standard-setting discussions for decent work in the platform economy at the International Labour Conference this year. We have disseminated this report among key stakeholders, i.e. trade unions and peer NGOs, to continue raising awareness around forced labour risks specifically.

State Imposed Forced Labour

Cotton Campaign Coalition (Turkmenistan):

W e briefed the UN Committee on Economic, Social and Cultural Rights on state-imposed forced labour in Turkmenistan, ahead of its review. The outcome document was strong on SIFL, with all three paragraphs in the 'right to work' section posing questions to the Government of Turkmenistan regarding SIFL and child labour in the cotton harvest. ASI’s coordination ensured the participation of the Turkmen Initiative for Human Rights, which was the only Turkmen human rights defender present at the briefing, which is vital for the voice and participation of affected groups.
W e participated in several strategic and relationship-building meetings online and in person, as part of the Cotton Campaign, with the ILO technical team conducting the monitoring of Turkmenistan’s cotton harvest. This was to advocate for addressing existing gaps in the current assessment methodology of the ILO technical team and continuing to build on the strides made over the past few years in this engagement.

Anti-Slavery International

Trustees’ Annual Report

For the year ended 31 March 2025

EUFL Coalition (Uyghur forced labour):

In advance of (and in response to) the ILO Committee of Experts publishing Observations and Direct Requests on China in February, we led a series of information gathering and strategy meetings with partners and the ITUC. These led to the redevelopment of a briefing for several key labour attaches in Geneva and the production of an advocacy briefing for the ITUC. The aim was to influence the longlisting of countries for review by the ILO Committee on the Application of Conventions and Recommendations. China made it onto the workers’ longlist, but its inclusion was ultimately blocked by the employers.

FUNDRAISING AND COMMUNICATIONS

Anti-Slavery International saw volatile year for fundraised income, especially within our institutional grants. 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. However, we experienced a significant shortfall against targets and budget due to the uncertainty of larger funders who articulated changing priorities away from antislavery movement. This meant that the charity had to reduce its operating costs to align to a lower level of available funding.

As part of the organisational change process, we have re-focused our fundraising efforts towards diversification goals so that we are not reliant on a concentrated funding pool going forward into 2025-2026.

W e additionally refreshed our communications strategy and will be implementing changes to increase our effectiveness and impact of our campaigns next year.

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 as queries arise. Team members take part in relevant fundraising training as needed. 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.

In 2024-2025, 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.

Anti-Slavery International

Trustees’ Annual Report

For the year ended 31 March 2025

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 two leading risks identified by this ongoing process are as follows :

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

W e 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. W e have restructured and refocused our fundraising approach to respond to the market environment and tailored our income generation efforts accordingly.

2. Staff Capacity

Following the organisational change process this year, we have reduced headcount and have had to restructure to become a smaller team. This has meant that we have had to review and reconcile reduced staff capacity against our strategic aspirations. W e have had to stop and pause several unfunded campaigns to align to reduced resource and skill availability. Our focus in the near term will be on quality of delivery, stability of funding, staff welfare and wellbeing, with a lower number of campaigns underway at any given time. We are additionally rolling out new training and technology tools to increase our effectiveness and agility.

Finance Review

Total income was £3.69m, down £1.32m on 2023/ 2024. Unrestricted donations decreased by £100k (22%), which is a good performance given the state of the economy. Our recognised legacy income dropped by 80% making up 2% of our total income, (9% in 2023/24 ). Investment income shows an increase of £26.6k.

Income from restricted charitable activities however increased by £202k with our restricted expenditure increasing by £51k. Our costs increased 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.

Anti-Slavery International

Trustees’ Annual Report

For the year ended 31 March 2025

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 £1.1m. The sale of property in 2023 enabled our general unrestricted reserves exceed this value, however organisational restructuring during the year brought about by funding shifts has seen these levels drop. Our general reserves for the financial year ending 2024/25 is currently stated at £873k. W e are of the opinion that the future direction of ASI (as will be directed by the new five year organisational strategy, will see us reach this target.

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.

Anti-Slavery International

Trustees’ Annual Report

For the year ended 31 March 2025

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. Currently there is one sub-committee – Finance, HR and Operations, Organisational Development (FHROOD) in place, meeting quarterly. During the year. The Board (along with senior management) have reviewed the need to expand ASI Governance with new committees to ensure appropriate oversight for the organisation’s charitable purposes and overall impact. All committees will operate under terms of reference with outputs reviewed by the Board as appropriate. A process of skillsbased open recruitment to source new trustees is employed. New trustees are briefed on the Memorandum and Articles of Association, risk register, policies, and procedures. Targeted training on roles and responsibilities is also provided. This includes briefing on issues such as delegation of authority, recruitment, reserves, conflicts of interest ad current and previous year’s financial performance and safeguarding.

Trustees are responsible for the oversight and governance of Anti-Slavery International and delegate management to the Chief Executive Officer, who develop strategies and operational plans with the SMT, reporting on their performance to the Board. The Chief Executive Officer and the Finance Director report regularly to the Treasurer of the FHROOD Sub-Committee and the Board of Trustees on the financial position and financial risk. Reports are received quarterly by the Board and Committee.

Remuneration Policy for Key Management Personnel

The trustees consider the Board, CEO 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 and approved by Anti-Slavery’s Board and has been appointed through a competitive recruitment process. This committee also oversees the terms and conditions of all other Anti-Slavery staff.

Key Personnel Changes 2024/25

The appointment of an interim CEO and the appointment of an Interim Director of Fundraising & Communications supported us through a difficult period of uncertainty this year which required the charity to undertake two phases or restructuring to address unexpected gaps in funding and a challenging external fundraising environment. Following this organisational restructuring, a new Senior Management Team has been established which includes a permanent Chief Executive Officer, Finance Director, Operations Manager, Communications & Impact Manager, Head of UK & European Advocacy, Head of International & Thematic Advocacy and Head of Regional Advocacy & Programmes. W e are in the process of recruiting for a permanent Head of Fundraising, a role currently managed by the Interim Director of Fundraising.

Anti-Slavery International

Trustees’ Annual Report

For the year ended 31 March 2025

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.

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.

Anti-Slavery International

Trustees’ Annual Report

For the year ended 31 March 2025

Plans for 2025/2026

W e will:

Launch a new strategy and transition plan to strengthen our impact, effectiveness and promote stability and resilience;
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 and skills of our workforce aligned to the global landscape and context of greatest need;
W ork closely with our partners in the anti-slavery movement to seize emerging opportunities for greater impact with both unilateral and multilateral state actors, NGOs, Survivors and the wider anti-slavery movement;
Rebuild and return the charity to optimise our impact, stability, effectiveness and reach to fulfill our mission

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 15 September, 2025 and signed on their behalf by

Sunil Sheth

Chair

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 2025 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 2025 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.

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.

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.

Independent Auditor’s Report

To the members of

Anti-Slavery International

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 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)

01 October 2025

for and on behalf of Sayer Vincent LLP, Statutory Auditor

110 Golden Lane, LONDON, EC1Y 0TG

Anti-Slavery International

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2025

Unrestricted £ 651,437 128,513 35,806 -	Restricted £ - 2,873,735 - -	2025 2024 Total Unrestricted Restricted Total £ £ £ £ 651,437 1,565,528 - 1,565,528 3,002,247 120,022 2,672,139 2,792,161 35,806 9,251 - 9,251 - 643,804 - 643,804 3,689,491 2,338,605 2,672,139 5,010,744 428,496 604,858 13,534 618,392 3,785,765 1,070,563 2,732,082 3,802,645 4,214,261 1,675,421 2,745,616 4,421,037 (524,770) 663,184 (73,477) 589,707 - 13,822 (13,822) -
815,756	2,873,735
417,876 1,002,449	10,620 2,783,316
1,420,325 (604,569) -	2,793,936 79,799 -
(604,569) 1,479,174	79,799 416,134	(524,770) 677,006 (87,299) 589,707 1,895,308 802,168 503,433 1,305,601 1,370,538 1,479,174 416,134 1,895,308
874,605	495,933

Anti-Slavery International

Balance Sheet

Company no. 3079904

For the year ended 31 March 2025

£ 385,132 1,332,475	£ 590,822 1,599,823	2024 £ 5,474 10,441 1,879,393
1,717,607 (352,761) 1,857 872,748	2,190,645 (311,252) 85,831 1,393,343
		1,895,308
		-
		1,895,308
		416,134 1,479,174

		1,895,308

Approved by the trustees on 15 September 2025 and signed on their behalf by

Sunil Sheth

Chair

Anti-Slavery International

Statement of Cashflow

For the year ended 31 March 2025

Reconciliation of net income to net cash flow from operating activities

Net income for the reporting period (as per the Statement of Financial Activities) Depreciation & amortisation charges Loss on assets disposal Surplus on sale of property Interest and rent from investments Decrease in debtors Increase in creditors Net cash used in operating activities Cash flows from investing activities: Interest and rent from investments 35,807 Sale of fixed assets - Net Cash flows from investing activities *Cash flows from financing activities:* Repayments of borrowing Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	(303,155) 35,807 - (267,348) 1,599,823 1,332,475	2025 £ (524,770) 6,199 4,024 - (35,807) 205,690 41,510 9,251 1,239,195	2024 £ 589,707 15,147 3,845 (643,804) (9,251) 143,060 17,488 116,192 1,248,446 (261,715)
			1,102,923 496,900
			1,599,823

Anti-Slavery International

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies

a) Statutory information

Anti-Slavery International is a charitable company limited by guarantee and is incorporated in England & W ales. The registered office address is The Foundry, 17 Oval W ay, 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

Anti-Slavery International

Notes to the financial statements

For the year ended 31 March 2025

been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.

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. W here 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. W here 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.

Anti-Slavery International

Notes to the financial statements

For the year ended 31 March 2025

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.

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.

W here 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.

Anti-Slavery International

Notes to the financial statements

For the year ended 31 March 2025

Accounting Policies (continued)
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.

q) Pensions

The charity makes payments to personal pension plans of all employees. The costs (6%) are charged to the statement of financial activities for the period to which they relate. The company has no liability under the scheme other than payments of these contributions.

Anti-Slavery International

Notes to financial statements

For the year ended 31 March 2025

2 Income from donations and legacies

Individuals Trust & Corporate Legacies 3 Income from charitable activities Home Office-MSIF 2 ACILS-Uyghur Strategy Support Home Office-MSIF 3 ACILS-End forced labour ECCHR-Ban on forced labour for EU Norad-Child Domestic Workers Freedom Fund-support GLAN & WUC Freedom Fund-Global Coalition for Import Bans Ethical Consumer-agricultural coalition US DRL-Traditional descent based slavery ILO-Mali MRG-Mauritania US Embassy-Mauritania US DRL-Mauritania GCC Coalition Against Forced Labor of Migrant Workers Samworth Foundation-ATMG Business, Human Rights & Environment Act UK - Nelumbo 3 Laudes Foundation Uyghur Forced Labour Campaign Henry Scutt 2024/25 UK Subtotal c/fwd	Unrestricted Restricted £ £ 346,597 - 226,174 78,665 - 651,436 - Unrestricted Restricted £ £ - - - - - 298,590 - - - - - - - 7,813 - 30,534 - 1,990 - - - - - - - - - 423,314 - 73,987 - 70,000 - 523,432 - 246,377 - 38,466 -	2025 Total £ 346,597 226,174 78,665 651,436 2025 Total £ - - 298,590 - - - 7,813 30,534 1,990 - - - - 423,314 73,987 70,000 523,432 246,377 38,466 1,714,503	2024 Unrestricted Restricted Total £ £ £ 446,434 - 446,434 734,185 - 734,185 384,909 - 384,909
			1,565,528 - 1,565,528
			2024 Unrestricted Restricted Total £ £ £ - - - - - - - 333,619 333,619 - 31,211 31,211 - - - - 322,197 322,197 - 76,969 76,969 - 32,787 32,787 - 995 995 - - - - - - - - - - - - - 632,082 632,082 - 36,411 36,411 - 60,000 60,000 - - - - - - - - - - - -
	- 1,714,503		- 1,526,271 1,526,271

Anti-Slavery International

Notes to financial statements

For the year ended 31 March 2025

Income from charitable activities (continued)
			2025			2024
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	£	£	£	£	£	£
BIICL-impact of NABA modern slavery	-	-	-	-	5,987	5,987
measures
ATMG 3 - Esmée Fairburn	-	-	-	-	-	-
ATMG 3 - H Scutt	-	-	-	-	39,800	39,800
Trust for London-London legal project	-	-	-	-	-	-
GLJ-ILRF-cotton campaign	-	-	-	-	4,306	4,306
Laudes Foundation-forced labour in supply	-	84,899	84,899	-	257,147	257,147
chains
Laudes Foundation-forced labour in supply	-	25,258	25,258	-	-	-
chains - 2
Freedom Fund-research into forced labour	-	-	-	-	-	-
in EU supply chains
University of Nottingham	-	-	-	-	8,774	8,774
MSPECC Uyghur Forced Labour in Green	-	-	-	-	41,508	41,508
Technology Supply Chains
Samworth Foundation-Transform &	-	-	-	-	-	-
Innovation Fund
Dressember Foundation-Ukraine migration	-	-	-	-	25,994	25,994
H Scutt-UK programme funding	-	-	-	-	41,000	41,000
The Sir James Reckitt-Centenary Fund	-	-	-	-	-	-
Ashurst-fellow 2022/23	-	-	-	-	-	-
Ashurst-fellow 2023/24	-	-	-	-	35,000	35,000
Humanity United-business & human rights	-	-	-	-	-	-
CAF America	-	-	-	-	4,004	4,004
US J/TIP-Niger	-	949,446	949,446	-	664,348	664,348
Mali-Combating Descent-based Slavery -	-	55,418	55,418	-		-
ILO/DRL
DBS Sahel/Niger - DRL	-	44,212	44,212	-	18,000	18,000
DBS Sahel/Niger - DRL	-	-		-	-	-
DBS Sahel/Niger - DRL	-	-		-	-	-
Supply chain	99,175	-	99,175	83,869	-	83,869
Consultancies	11,520	-	11,520	36,153	-	36,153
Other	17,818	-	17,818	-	-	-
Total income from charitable
activities	128,513	2,873,736	3,002,249	120,022	2,672,139	2,792,161

Anti-Slavery International

Notes to financial statements

For the year ended 31 March 2025

4a Analysis of expenditure (current year) Salaries (note 7) Other Staff Costs Payments to partners (note 5) Other programme delivery cost Travel Content & Promotion Infrastructure Costs Insurance, Professional Fees & Audit Other costs Support costs Total expenditure 2025 Cost of	Child Slavery Climate Change Migration and Trafficking Business & Human Rights Governance costs Support costs £ £ £ £ £ £ 263,364 194,843 146,385 195,992 985,640 13,439 271,730 6,013 - 6,818 633 - 153,732 - 716,996 141,243 16,000 245,064 - 20,324 - 20,937 31,515 12,894 158,889 - 161,756 - 29,369 9,014 2,571 44,609 - 5,546 76,985 5,173 464 1,511 18,017 - - - 1,143 1,992 1,274 9,583 - 200,704 - - - - 2,400 29,479 - - - - - - 10,223 83,784 239,887 81,387 58,358 360,599 - (824,014) 428,496 1,226,855 416,240 298,459 1,844,216 - - raising funds	Total £ 2,071,392 167,196 1,139,626 385,991 91,109 102,150 214,696 31,879 10,223 -
		4,214,262

Anti-Slavery International

Notes to financial statements

For the year ended 31 March 2025

4b Analysis of expenditure (prior year)

Analysis of expenditure (prior year)
Salaries (note 7) Other Staff Costs Payments to partners (note 5) Other Programme Delivery Costs Travel Content & Promotion Infrastructure Costs Other Costs Governance costs Support costs Total expenditure 2024 Cost of Insurance, Professional Fees & Audit	Child Slavery Climate Change Migration and Trafficking Business & Human Rights Governance costs Support costs £ £ £ £ £ £ £ 299,814 467,606 101,842 194,149 605,945 16,223 267,430 12,452 5,064 1,218 1,554 5,619 2,330 39,821 - 1,031,659 196,616 32,582 109,543 - - 80,088 143,198 29,640 15,238 199,937 - 11,056 8,836 18,299 8,132 3,696 24,327 113 5,589 88,376 4,867 21,085 8,272 7,479 20 57 43,883 7,140 1,681 6,972 6,953 100 144,547 - 28,822 1,009 1,923 6,001 17,311 13,462 7,680 1,965 116 2,575 24,818 13 34,294 541,129 1,708,620 361,339 266,961 990,622 36,110 516,256 5,051 15,948 3,373 2,492 9,246 (36,110) - 72,212 228,006 48,219 35,625 132,194 - (516,256) 618,392 1,952,574 412,931 305,078 1,132,062 - - raising funds	Total £ 1,953,009 68,058 1,370,400 479,157 68,992 130,156 211,276 68,528 71,461
		4,421,037 - -
		4,421,037

Anti-Slavery International

Notes to financial statements

For the year ended 31 March 2025

5 Grant Making Africa Association Timidria LAWA(Ghana) Alumnae Incorporated SOS Esclaves Ecole Parrainage Actions de Developpement Tanzania Domestic workers coalition Challenging Heights Association Temedit Other partners - Africa Interfaith Center on Corporate Responsibility Minority Rights Group International Anti Trafficking and Labour Exploitation Unit Other partners - Europe ASTRA - AKCIJA PROTIV TRGOVINE LJUDIMA Social Awareness and Voluntary Education Other Total payments to partners International Institute for Environment and Development University of Nottingham - Rights Lab Association Nigérienne pour le Traitement de la Délinquance et la Prévention du Crime	2025 £ 147,634 - 89,244 107,083 96,447 - - 3,756 97,915 503,433 - - - 4,692 11,666 26,379 1,139,820 -	2024 £ 239,203 154,065 132,794 128,596 124,749 91,079 87,656 12,955 18,496 125,046 116,860 16,133 14,836 - 29,912 - - -
		1,370,400

Anti-Slavery International

Notes to financial statements

For the year ended 31 March 2025

6 Net income for the year

7 8	Depreciation & amortisation Losses on disposal of assets Interest payable Auditors remuneration excluding VAT Statutory audit Other audit services - current Salaries & wages Redundancy Costs Social security costs Employer's pension contributions Remuneration of employees £60,000-£70,000 £70,000-£80,000 £80,000-£90,000 £90,000-£100,000 £100,000-£110,000 *Disclosure workings* Total employee benefits - key personnel Trustee expenses Staff numbers Programmes Fundraising & Communications Support & Governance Other audit services - under accrual for prior year	2025 £ 6,199 4,024 - 15,200 14,539 - 2025 £ 1,754,952 20,213 194,722 101,505 2,071,392 2025 No. 2 2 1 - - 2025 £ 402,888 454 2025 No. 21 11 7 40	2024 £ 15,147 3,845 12,791 14,425 29,159 - 2024 £ 1,659,095 15,330 181,776 96,808 1,953,009 2024 No. 4 - - - 1 2024 £ 335,130 113 2024 No. 19 10 7 36 Headcount	2025 No. - - - - Full Time	2024 No. 20 11 7 Equivalent
					38

Anti-Slavery International

Notes to financial statements

For the year ended 31 March 2025

9 Related party transactions

There are no related party transactions to disclose for 2025 (2024:none)

There are no donations from related parties which are outside rthe normal course of business and no restricted donations from related parties . (2024:none)

Unrestricted donations received from trustees in the year were £540 (2024:£520)

10 Taxation

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

Anti-Slavery International

Notes to financial statements

For the year ended 31 March 2025

11 Tangible fixed assets

Cost or valuation At the start of the year Additions in the year Disposals in the year At the end of the year Depreciation At the start of the year At the end of the year	Freehold property Fixtures & fittings Computer & office equipment Total £ £ £ £ - - 18,557 18,557 - - - - - - (18,557) (18,557) - - - -
	- - 13,083 13,083 - - - -

12 Intangible fixed assets

Intangible fixed assets
Cost or valuation At the start of the year Additions in the year Disposals in the year At the end of the year Depreciation At the start of the year Charge for the year Disposals in the year At the end of the year Net book value At the end of the year	Database & website Software Total £ £ £ 56,829 18,318 75,147 - - (56,829) (2,832) (59,661) - 15,486 15,486 -
	- 56,829 7,877 64,706 - 3,522 3,522 (56,829) (1,605) (58,434) 9,794 9,794
	- 5,692 5,692

Anti-Slavery International

Notes to financial statements

For the year ended 31 March 2025

13 Debtors

Debtors
Trade debtors Accrued income Other debtors Prepayments	2025 £ 1,435 353,792 10,977 18,928 385,132	2024 £ 30,000 514,515 20,881 25,426
		590,822

14 Creditors: amounts falling due within one year

Trade Creditors Taxation and social security Other Taxation Pension contributions Other creditors Deferred Income * Accruals	2025 £ 68,680 52,313 23,841 15,289 8,526 27,025 157,087 352,761	2024 £ 74,113 45,776 31,771 12,435 2,333 144,824
		311,252

*Deferred income relates to monies received toward consultancy work at the begininng of the year

Anti-Slavery International

Notes to financial statements

For the year ended 31 March 2025

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

General unrestricted £ Tangible and intangible fixed assets 5,692 Net current assets 867,056 Net assets at the end of the year 872,748 - Analysis of net assets between funds (prior year) General unrestricted £ Tangible and intangible fixed assets 15,915 Net current assets 1,377,428 Net assets at the end of the year 1,393,343	Designated £ - 1,857 1,857 - Designated £ - 85,831 85,831	Restricted £ - 495,933 495,933 - Restricted £ - 416,134 416,134	Total funds £ 5,692 1,364,846
			1,370,538
			- Total funds £ 15,915 1,879,393
			1,895,308
			-

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

16 Operating lease commitments

Less than one year One to five years Over five years	2025 2024 £ £ 17,658 17,356 - - - - 17,658 17,356 Property	2025 2024 £ £ 17,658 17,356 - - - - 17,658 17,356 Property
		17,356

Anti-Slavery International

Notes to financial statements

For the year ended 31 March 2025

17a Movement in funds (current year) Total programme funds c/fwd Total programme funds b/fwd Building & library fund Total restricted funds GLJ-IRF consultancy contract FF Misc ATH Consultancy Designated funds General funds Total unrestricted funds Total Funds MALI /ILO DRL DBS Sahel/Niger BHR & Environment Act UK/Nelumbo EU Corporate Sustainability Due Diligence Directive (CSDDD)/Laudes Foundation Home Office-MSIF 3 ACILS-End forced labour ECCHR-Ban on forced labour for EU imports Freedom Fund-support GLAN & WUC Norad-Child Domestic Workers Freedom Fund-Global Coalition for Import Bans Ethical Consumer-agricultural coalition US DRL-Mauritania GLJ- GCC Coalition against forced labor US DoS/JTIP Anti-trafficking Niger Uyghur Forced Labour Campaign/Unifor Nelumbo Foundation-business, human rights and the Environment Act	At 1 April 2024 £ 11,775 - - - 43,134 17,850 995 (2,124) - 136,700 - - - - - 416,134 416,134 - 416,134 - - 85,831 85,831 1,393,343 1,479,174 1,895,308	Income & gains £ 298,590 - - - 7,813 30,534 1,990 423,314 73,987 949,446 55,418 44,212 523,432 246,377 38,466 2,873,736 2,873,736 - 2,873,736 24,818 5,119 - 29,937 785,819 815,756 3,689,492	Expenditure & losses £ 309,734 - - - 34,694 28,668 2,219 421,190 73,732 854,470 55,418 44,212 523,432 67,690 9,236 2,793,937 2,793,937 - 2,793,937 23,348 4,732 85,831 113,911 1,306,414 1,420,325 4,214,262	Transfers £ - - - - - - - - - - - - - - - - - - - - - - - - - -	At 31 March 2025 £ 631 - - - 16,253 19,716 766 - 255 231,676 - - - 178,687 29,230
					495,935 495,935 -
					495,935
					1,470 387 -
					1,857 872,748
					874,605

					1,370,540

Anti-Slavery International

Notes to financial statements

For the year ended 31 March 2025

17b Movement in funds (prior year) Other Total programme funds c/fwd Total programme funds b/fwd Building & library fund Total restricted funds Revaluation reserve Designated funds General funds Total unrestricted funds Total Funds Nelumbo Foundation-government action Ethical Consumer-agricultural coalition CAF America Nelumbo Foundation-business, human rights and the Environment Act The Sir James Reckitt-Centenary Fund Ashurst-fellow 2022/23 Freedom Fund-support GLAN & WUC Freedom Fund-Global Coalition for Import Bans ILO-Mali H Scutt-UK programme funding Ashurst-fellow 2023/24 US J/TIP-Niger US DRL-Mauritania University of Nottingham MSPECC Uyghur Forced Labour in Green Technology Samworth Foundation-Transform & Innovation Fund Dressember Foundation-Ukraine migration Home Office-MSIF 3 ACILS-End forced labour ECCHR-Ban on forced labour for EU imports Norad-Child Domestic Workers GCC Coalition Against Forced Labor of Migrant Samworth Foundation-ATMG BIICL-impact of NABA modern slavery measures ATMG 3 - H Scutt Trust for London-London legal project GLJ-ILRF-cotton campaign Laudes Foundation-forced labour in supply chains Humanity United-business & human rights	At 1 April 2023 £ 23,106 10,265 6,478 43,594 - - - 43,715 (34,180) - - - 14,722 1,961 7,281 157,254 (2,783) - 38,819 - 11,797 12,862 27,326 - 130,419 - (3,025) - 489,611 489,611 13,822 503,433 412,647 193,962 - 606,609 195,559 802,168 1,305,601	Income & gains £ 333,619 31,211 - 322,197 76,969 32,787 995 - 632,082 36,411 60,000 5,987 39,800 - 4,306 257,147 8,774 41,508 - 25,994 41,000 - - 35,000 - 4,004 664,348 18,000 2,672,139 2,672,139 - 2,672,139 - 231,027 408,068 639,095 1,699,510 2,338,605 5,010,744	Expenditure & losses £ 344,950 41,476 6,478 365,791 33,835 14,937 - 43,715 600,026 36,411 36,825 5,987 54,522 1,961 11,587 282,198 5,991 41,508 38,819 25,994 39,804 12,862 27,326 10,725 115,261 4,004 524,623 18,000 2,745,616 2,745,616 - 2,745,616 - 424,989 322,237 747,226 928,195 1,675,421 4,421,037	Expenditure & losses £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (13,822) (13,822) (412,647) - - (412,647) 426,469 13,822	At 31 March 2023 £ 11,775 - - - 43,134 17,850 995 - (2,124) - 23,175 - - - - 132,203 - - - - 12,993 - - 24,275 15,158 - 136,700 -
					416,134 416,134 -
					416,134
					- - 85,831 85,831 1,393,343
					1,479,174

					1,895,308

Anti-Slavery International

Notes to financial statements

For the year ended 31 March 2025

Purpose of restriced funds:

Grant Name	Stat accounts description - "detail of thepurposes of the fund"
Home Office-MSIF 3	The human cost of the climate crisis: solutions to the intersection of modern slavery, migration and climate change.
ACILS-End forced labour	Global strategy to engage with businesses to end corporate complicity in forced Labour in the Uyghur region.
ECCHR-Ban on forced labour for EU imports	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	Many hands make light work: eliminating slavery in child domestic work for the period 2021-2023.
Freedom Fund-support GLAN & WUC	Legal and campaign strategy to support World Uyghur Congress in court on the UK government’s failure to
	investigate Uyghur Region cotton imports.
Freedom Fund-Global Coalition for Import Bans	An international network of civil society organizations working to introduce and enforce import bans against goods
	made using forced labour.
Ethical Consumer-agricultural coalition	A coalition to end exploitation of migrant workers in Spain’s agricultural sector.
ILO MALI	Combatting slavery and slavery-based discrimination in Mali.
US DRL-Mauritania	Eradicate slavery in Mauritania and Niger and promote the full integration of victims into society.
GLJ- GCC Coalition against forced labor	Subgrantee in coalition work to jointly advocate for migrant workers’ rights in Gulf Cooperation Council countries.
Samworth Foundation-ATMG	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.
BIICL-impact of NABA modern slavery measures	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.
ATMG 3 - H Scutt	Anti Trafficking monitoring group.
Trust for London - London Legal Project	Strategic litigation project.
GLJ-ILRF - cotton campaign	Support of cotton campaign work in promoting human rights.
Laudes Foundation-forced labour in supply chains	Influencing European policy & legislation to address forced labour in global supply chains.
University of Nottingham	Harnessing UK trade and investment to address Indo-Pacific modern slavery risks.
MSPECC Uyghur Forced Labour in Green Technology	Developing investor guidance and policy recommendations to address Uyghur forced labour in green technology.
Supply Chains
Samworth Foundation - Transform & Innovation Fund	Transform and innovate grant to allow ASI to build upon its short-term activities and learning, maximising the
	elements 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 -Ukarine migration	Developing guidance for businesses on how to prevent and mitigate human rights risks affecting displaced people,
	focusing on the ongoing war in Ukraine.
H Scutt-UK programme funding 24/25	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 rights	Support of Anti-Slavery International's Thematic Advocacy programme.
CAF America	Support of our operational costs.
MALI /ILO	Reduce forced child begging in Niger and West Africa.
Various	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.
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 action	To underwrite the costs of some of ASI’s Advocacy & Programme team, including the creation of new posts to help
	us achieve our aims. Funding would also be invested in project costs such as scoping, movement building,
	research, and campaigning.
Nelumbo Foundation-business, human rights and the	To underwrite the costs of some of ASI’s Advocacy & Programme team, including the creation of new posts to help
Environment Act	us achieve our aims. Funding would also be invested in project costs such as scoping, movement building,
	research, and campaigning.
Home Office-MSIF 3	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.

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.

18 Legal status of the charity

�Anti-Slavery International

Contents

Table of Contents

REFERENCE AND ADMINISTRATIVE INFORMATION

TRUSTEES’ ANNUAL REPORT

INTRODUCTION

OBJECTIVES

Trustees’ Annual Report

For the year ended 31 March 2025

VISION, MISSION AND VALUES

Values:

Dynamic

Inclusive

Transformative

OUR 2020-25 STRATEGY AND APPROACH

i. System Change

ii. Survivors’ voice

iii. Movement Building

iv. Framing the issue

v. Legal Frameworks

OUR W ORK IN 2024-25

Regional Advocacy & Programmes

Descent based slavery in Mauritania and Niger

For the year ended 31 March 2025

Trustees’ Annual Report

For the year ended 31 March 2025

Descent-based slavery in Mali

Descent-based slavery in Niger and the Sahel

For the year ended 31 March 2025

Combatting forced child begging in Niger and W est Africa

European Advocacy

For the year ended 31 March 2025

UK Advocacy

Trustees’ Annual Report

For the year ended 31 March 2025

Responsible Business & Corporate Engagement

International & Thematic Advocacy

Trustees’ Annual Report

For the year ended 31 March 2025

Migration

Platform Economy

State Imposed Forced Labour

Cotton Campaign Coalition (Turkmenistan):

For the year ended 31 March 2025

EUFL Coalition (Uyghur forced labour):

FUNDRAISING AND COMMUNICATIONS

Participation in fundraising regulation and compliance with the codes

RISK AND FINANCE

Risk Management

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

2. Staff Capacity

Finance Review

Reserves Policy

Going Concern

STRUCTURE, GOVERNANCE AND MANAGEMENT

Remuneration Policy for Key Management Personnel

Key Personnel Changes 2024/25

Statement of the Responsibilities of the Trustees

In so far as the trustees are aware:

Plans for 2025/2026

W e will:

AUDITOR

Sunil Sheth

Anti-Slavery International

Opinion

Basis for opinion

Conclusions relating to going concern

Other Information

Opinions on other matters prescribed by the Companies Act 2006

Matters on which we are required to report by exception

Responsibilities of directors

Auditor’s responsibilities for the audit of the financial statements

Capability of the audit in detecting irregularities

To the members of

Anti-Slavery International

Use of our report

Anti-Slavery International

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2025