##
##
|For the year ended 31 March 2022||
|---|---|
|Reference and administrative information|1|
|Trustees’ annual report|3|
|Independent auditors’ report|17|
|Consolidated Statement of financial activities (incorporating income and expenditure)|20|
|Balance sheets|21|
|Consolidated statement of cash flows|22|
|Notes to the financial statements|23|
##
##
##
##
|R|Camp * ** ***|(Chair)||
|---|---|---|---|
|A|Gibson **|||
|N|Grant|resigned|22 March 2022|
|T|Bentley|resigned|7 March 2022|
|C|Almond *|||
|F|Ajayi **|||
|S|Illingwort|||
|I|Pettigrew|||
|S|Olafsrud||appointed 22 March 2022|
|K|Westlall||appointed 22 March 2022|
##
##
|Bankers|HSBC||CAl’ Bank|
|---|---|---|---|
|||City Branch|25 Kings Hill Avenue|
|||Park Row|West MaIling|
|||Leeds|Kent|
|||LS11LD|ME194JQ|
|Auditors|Crowe|U.K. LLP||
|||Statutory Auditors||
|||The Lexicon||
|||Mount Street||
|||Manchester||
|||M2 5NT||
##
##
|The list of entities that are consolidated within these are accounts are (more information in Note 10):|The list of entities that are consolidated within these are accounts are (more information in Note 10):|The list of entities that are consolidated within these are accounts are (more information in Note 10):|The list of entities that are consolidated within these are accounts are (more information in Note 10):|The list of entities that are consolidated within these are accounts are (more information in Note 10):|
|---|---|---|---|---|
|Hope forjustice|— UK||||
|Slave—Free Alliance Ltd
— UK|||||
|No More Slaves|Ltd UK (Dormant)||||
|Hope for justice|International
-|UK (Dormant)|||
|Hope forJustice|AS
- Norway||||
|Slave Free Alliance AS
— Norway|||||
|Hope forjustice|Inc.
- USA (including operations in Cambodia)||||
|Slave Free Alliance Inc
— USA|||||
|0K200:Stop The|Traffic
— USA||||
|Lilipad Haven
-|USA||||
|Retrak
— UK (including operations|||in|Africa)|
|The Tigers Club|Project Limited|-|Uganda||
|Hope forjustice|Australia Limited||—|Australia|
|Slave Free Alliance Australia Limited||||— Australia|
|Hope forjustice|Hong Kong||||
|No More Traffik|Limited||||
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28th February 2023
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
||Notes|Funds|Funds|Funds|Funds|
|||2022|2022|2022|2021|
|||f|£|£|£|
|Incoming and endowments from:||||||
|Donations and legacies|2|5.324,389|2,922,394|8,246,783|7,375,105|
|Charitable activities|3|8.643|—|8,643|29,575|
|Other trading activities|4|742,717|—|742,717|675,535|
|Income from investments|5|8,113|—|8,113|1,143|
|Total||6,083,86?|2,922,394|9,006,256|8,081,360|
|Expenditure on:||||||
|Raising funds||1,592,547|—|1,592,547|811,895|
|Charitable activities|6|4,908,099|3,31 8,494|8,226,593|5,230,044|
|Other trading costs||614,045|-|614,045|566,193|
|Total||7,114,691|3,31 8,484|10,433,185|6,608,132|
|Net (expenditure)?income||(1.030,829)|(396,1 00)|(1,426,929)|1,473,228|
|Transfers between funds||59,052|(59,052)|||
|Exchange differences arising on||67.544||67,344|(42,497)|
|consolidation||||||
|Net movement in funds for||||||
|the period||(904,233)|(455,1 52)|(1 ,35g,385)|1,430,731|
|Reconciliation of funds||||||
|Total funds brought forward||2,925,504|1,397,721|4,323,225|2,892,494|
|Total funds carried forward||2,021,271|942,569|2,963,840|4.323.225|
##
##
|||||Group||Charity||
|---|---|---|---|---|---|---|---|
||Notes||2022||2021|2022|2021|
||||£||£|£|£|
|Fixed assets||||||||
|Tangible assets||9|470,782||171,730|190,049|35,973|
|Investments||10|102,543||102,543|6,173|3.625|
||||573,325||274,273|196,222|39,598|
|Current assets||||||||
|Stock||11|32,939||22,021|||
|Debtors||12|422,341||271,120|309,249|359,734|
|Cash at bank and in hand|||2,688,837||4,286,308|694,046|2,076,254|
||||3,1 44,117||4.579,449|1,003,295|2,435,988|
|Liabilities||||||||
|Creditors: Amounts fatling due||||||||
|within one year||13|753,602||530,497|260,568|686,213|
|Net current assets|||2,390,515||4,048,952|742,727|1 .749,775|
|Total net assets|||2,963,840||4,323,225|938,949|1,789,373|
|The funds of the charity||||||||
|Total general funds|18||1,155,976||1,610,461|575,548|1,225,207|
|Total designated||||||||
|funds|18||865,295||1,315,043|||
|Total restricted funds|18||942,569||1,397,721|363,401|564,166|
|Total charity funds|18||2,963,840||4,323,225|938,949|1,789,373|
##
##
##
||2022|2021|
|---|---|---|
||I|£|
|Cash flows from operating activities:|||
|Net (expenditure)/income for the reporting period (as|||
|per the statement of financial activities)|(1426,929)|1,473,228|
|Adjustments for:|||
|Depreciation charges|74,848|61,844|
|Exchange differences on consolidation|67,544|(42,497)|
|Dividends, interest and rents from investments|(8,113)|(1,145)|
|(lncrease)/decrease in stocks|(10,918)|8,728|
|(Increase)/decrease in debtors|(151,219)|121,753|
|Increase in creditors|223,105|160,864|
|Net cash provided by operating activities|(1,231,682)|1,782,775|
|Cash flows from investing activities:|||
|Dividends, interest and rents from investments|8,113|1,145|
|Purchase of property, plant and equipment|(373,902)|(68,269)|
|Net cash used in investing activities|(365,789)|(64,124)|
|Change in cash and cash equivalents in the reporting|||
|period|(1,597,471)|1,718,651|
|Cash and cash equivalents at the beginning|||
|ofthe reporting period|4,286,308|2,567,657|
|Cash and cash equivalents at the end|||
|of the reporting period|2,688,837|4,286,308|
|Analysis of cash and cash equivalents|2022|2021|
||£|£|
|Cash in hand|8,569|12,468|
|Notice deposits (less than 30 days)|2,605,268|4,198,840|
|Notice deposits (more than 30 days)|75,000|75,000|
|Total cash and cash equivalents|2,688,837|4,286,308|
##
##
##
##
##
##
##
|Unrestricted funds|—|Funds are expendable at the discretion of the Trustees in furtherance of the objects of|
|---|---|---|
|||the charity|
|Restricted funds|—|Restricted funds can only be used for particular restricted purposes within the objectives|
|||of the charity. These arise when funds are subject to specific restrictive conditions|
|||imposed by funders/donors or by the purpose of the grant.|
|Designated funds||The Directors may at their discretion set aside unrestricted funds for specific purposes|
|Freehold Property|5% straight line|5% straight line|
|---|---|---|
|Motor Vehicles|25%|straight line|
|Fixtures & fittings|20%|—33% straight line|
|Computer & equipment|25%|— 33% straight line|
##
##
##
##
##
##
##
||||Unrestricted|Restricted||
|---|---|---|---|---|---|
||||Funds|Funds|Total|
||||2022|2022|2022|
||||£|£|£|
|Donations|and|legacies|5,324,389|2,922,394|8,246,783|
||||5,324,389|2,922,394|8,246,783|
||||Unrestricted|Restricted||
||||Funds|Funds|Total|
||||2021|2021|2021|
||||£|£|£|
|Donations|and|legacies|4,558,242|2,816,863|7,375,105|
||||4,558,242|2,81 6,863|7,375,105|
##
##
##
|||Unrestricted|Restricted||
|---|---|---|---|---|
|||Funds|Funds|Total|
|||2022|2022|2022|
|||£|£|£|
|Speaker and trainer fees||9,404||9,404|
|Sale of ‘awareness merchandise||(761)||(761)|
|||8,643|-|8,643|
|||Unrestricted|Restricted||
|||Funds|Funds|Total|
|||2021|2021|2021|
|||£|I|I|
|Speaker and trainer fees||29,575|—|29,575|
|Safe of|awareness’ merchandise||||
|||29,575|—|29,575|
|4|other trading activities|Unrestricted|Restricted||
|||Funds|Funds|Total|
|||2022|2022|2022|
|||I|£|I|
|Slave Free Alliance||742,717|—|742,717|
|||742,717|—|742,717|
|Other trading activities|Unrestricted|Restricted||
|---|---|---|---|
||Funds|Funds|Total|
||2021|2021|2021|
||£|£|£|
|Slave Free Alliance|530,587||530,587|
|Government Grants|1 44,948||144,948|
||675,535|—|675,535|
##
##
|5|Income (mm investments|Unrestricted|Restricted||
|---|---|---|---|---|
|||Funds|Funds|Total|
|||2022|2022|2022|
|||£|I|£|
|Bank|interest & Other Income|8,113||8,113|
|||8,113|—|8,113|
||Income from investments|Unrestricted|Restricted||
|||Funds|Funds|Total|
|||2021|2021|2021|
|||£|£|£|
|Bank|interest & Other Income|1,145|—|1,145|
|||1,145|—|1,145|
|6|Analysis ofexpenditure on charitable activities||||
|||Activities|||
|||undertaken|Support||
|||directly|costs|Total|
|||2022|2022|2022|
|||F|£|I|
|Prevent||1,998,364|306,233|2,304,597|
|Rescue||2,533,136|388,183|2,921,319|
|Restore|/ Reform|2,601,949|398,728|3,000,677|
|||7,133,449|1,093,144|8,226,593|
##
##
|||Activities||||
|---|---|---|---|---|---|
|||undertaken|Support|||
|||directly|costs|Total||
|||2021|2021|2021||
|||I|I|£||
|Prevent||909,096|144,815|1,053,911||
|Rescue||1,822,001|290,237|2,112,238||
|Restore|/Reforni|1,780,301|283,594|2,063,895||
|||4,511,398|718,646|5,230,044||
|7|Auditor’s Remuneration|||2022|2021|
|||||I|£|
|Fees payable to The Charity’s auditor for the audit ofThe Charity’s||||||
|annual accounts|||15,000||10,300|
|Fees payable to The Charity’s auditor and its associates for other||||||
|services||||||
||Audit of accounts of subsidiaries||9,950||9,045|
||Tax compliance services|||975|400|
|Total audit fees|||25,925||19,745|
|8|Employee Benefits|||2022|2021|
|||||I|£|
|Salaries|and Wages||5,146,887||3,512,983|
|Social Security costs||||450,412|332,895|
|Employers Pension contributions (defined contribution scheme)||||92,913|99,069|
||||5,690,212||3,944,947|
||Average number employed during the year|||384|355|
##
##
|Number|of|employees|who|received|£60,000—169,999 pa.|1|2|
|---|---|---|---|---|---|---|---|
|Number|of|employees|who|received|170,000-179,999 pa.|2|2|
|Number|of|employees|who|received|180,000-189,999 pa.|-|—|
|Number|of|employees|who|received|190,000—199,999 pa.|1|2|
|Number|of|employees|who|received|£1 00000-fl 09,999 pa.|2|0|
##
##
##
|9 Tangible Fixed Assets|||||
|---|---|---|---|---|
|||Group|||
||Freehold|Fixtures, fittings|Motor Vehicles|Total|
||Property|and equipment|||
||£|£|£|£|
|Cost or valuation|||||
|At
1 April 2021|49,503|360,183|1 73,455|583,141|
|Additions in year|3,355|301,790|68,756|373,90)|
|Disposals in year|-|(88,747)|—|(88,747)|
|At 31 March 2022|52.858|573,226|242,211|868,295|
|Depreciation|||||
|At I April 2021|28,100|263,060|120,252|411,412|
|Charge for the year|I .824|61 .308|1 1,716|74,848|
|Disposals in year|—|(88,747)|-|(88,747)|
|At31 March2022|29,924|235,621|131,968|397,513|
|Net book value|||||
|At 31 March 2022|22,934|337,605|1 10,243|470,782|
|At 31 March 2021|21,403|97,124|53,203|171,730|
|||Charity|||
|||Fixtures and|Computers and|Total|
|||fittings|equipment||
||||£|I|
|Cost orvaluation|||||
|At
1 April 2021||37,156|1 09,401|1 46,557|
|Additions in year||1 36,256|61,988|I 98,244|
|Disposals in year||(37,103)|(51,644)|(88,747)|
|At 31 March 2022||1 36,309|11 9,745|256,054|
|Depreciation|||||
|At] April2021||35,418|75,166|I 10,584|
|Charge for the year||25,854|1 8,314|44,168|
|Disposals in year||(37,1 03)|(51,644)|(88,747)|
|At31 March2022||24,169|41,836|66,005|
|Net book value|||||
|At 31 March 2022||112,140|77,909|190,049|
|At 31 March 2021||1,738|34,235|35,973|
##
##
|10|Investments||Group|||Charity||
|---|---|---|---|---|---|---|---|
|||2022||2021|2022||2021|
|||£|||£||£|
|Land|held at fair value|102,543||102,543|—||—|
|Investment in subsidiaries||—||—|6,173||3,625|
|||||Proportion||
|---|---|---|---|---|---|
|||||ofvoting||
||Country of|||rights and||
|Subsidiary|Incorporati|Registered||shares||
|Undertaking|on|Number|Holding|held|Principal activity|
|No More Slaves Ltd|England &|08692709|Ordinary|100%|Dormant|
||Wales|||||
|Hope forjustice|England &|09440540|Ordinary|100%|Dormant|
|International|Wales|||||
|Slave Free Alliance|England &|11258651|Ordinary|100%|A social offering businesses a range of|
|Ltd|Wales||||services to help them identify and remove|
||||||human exploitation from their supply chains.|
||||||The services include awareness training, gap|
||||||analysis, due diligence, risk management and|
||||||help with investigations, crisis response,|
||||||remediation and Slavery and Human|
||||||Trafficking Statements.|
|Hope forjustice|Norway|915 520 995|Ordinary|100%|Advance the education of the public regarding|
|AS|||||people trafficking and slavery|
|Slave Free Alliance|Norway|828 987 682|Ordinary|1 00%|Aligned with Slave Free Alliance|
|AS||||||
|Hope forjustice|Australia|AEN 28 639|Ordinary|100%|Advance the education ofthe public regarding|
|(Australia) Limited||382 782|||people trafficking and slavery|
|Slave Free Alliance|Australia|ABN 17 639|Ordinary|1 00%|Aligned with Slave Free Alliance|
|(Australia) Limited||408 647||||
|No More Traffik|Northern|N161 4396|Ordinary|1 00%|Dormant|
|Limited|Ireland|||||
|Hope forjustice|Hong Kong|2904727|Ordinary|100%|Dormant|
|(Hong Kong)||||||
|Limited||||||
##
##
|Subsidiary|Country of|Registered|Basis of||
|---|---|---|---|---|
|Undertaking|incorporation|Number|consolidation|Principal activity|
|Retrak|England &|6424507|Unified Management|Aligned with Hope forjustice|
||Wales||Control||
|Hope Forjustice|Tennessee,|75—31 79471|Unified Management|Aligned with Hope forJustice|
|Inc.|USA||Control||
|Slave Free Alliance|Delaware,|87—2097945|Unified Management|Aligned with Slave Free Alliance|
|Inc.|USA||Control||
|0K200:Stop The|Iowa, USA|46—4678820|Unified Management|Aligned with Hope forjustice|
|Traffic|||Control||
|Lily Pad Haven Inc.|North|45—3036117|Unified Management|Aligned with Hope forJustice|
||Carolina,||Control||
||USA||||
|The Tigers Club|Uganda||Unified Management|Hold title to land in Uganda that is used with|
|Project Limited|||Control|the charitable operations of Retrak’s branch in|
|||||Uganda|
|Subsidiary|Retrak|Hope for|Hope for|Slave Free|Slave|Free|Slave|Free|
|---|---|---|---|---|---|---|---|---|
|Undertaking||justice Inc.|Justice|Alliance|Alliance||Alliance||
||||AS|Limited|AS||Inc.||
||£|£|£|£|£||£||
|Assets at 31/3/22|645,687|904,255|479,660|359,781||4,170|23,624||
|Liabilities at|(31 2,853)|(79,502)|(64,593)|(337,954)|(15,259)||(21,751)||
|31/3/22|||||||||
|Net Funds at|332,834|824,753|41 5,067|21,827|(11,089)|||1,873|
|31/3/22|||||||||
|Income for Year to|||||||||
|31/3/22|2,469,025|2,948,368|442,110|709,024||-|13,949||
|Expenditure for Year|||||||||
|to 31/3/22|3,21 5,882|3,1 02,266|402,619|562,873|1|3,753|1|2,076|
|Surplus/(deficit) for|||||||||
|Year to 31 /3/22|(746,857)|(1 53,898)|39,491|146,151|(1 3,753)|||1,873|
##
##
|Subsidiary|0K200
-|Liii Pad|Hope for|Slave Free|The Tigers|Other|
|---|---|---|---|---|---|---|
|Undertaking|Stop the|Haven Inc.|Justice|Alliance|Club Project|Entities|
||Traffic Inc.||(Australia)|(Australia)|Limited||
||£|£|£|£|£|£|
|Assets at 31/3/22|57807|23741 5|947|44,785|102,543|1.404|
|Liabilities at||(37,238)|(12,152)|(1,983)|—|(3,762)|
|31/3/22|||||||
|Net Funds at|57,807|200.177|(ii 205)|42,802|1 02,543|(2,358)|
|31/3/22|||||||
|Income for Year to|||||||
|31/3/22|85,761|75,194|56,627|19,745|—|13,438|
|Expenditure for Year|||||||
|to 31/3/22|43,628|49,505|68,731|491|—|1 5,799|
|Surplus/(deflcit) for|||||||
|Year to 31/3/22|42,133|25,689|(1 2,1 03)|19,254|—|(2,361)|
||||Group||Charity||
|---|---|---|---|---|---|---|
||ii|Stock|2022|2021|2022|2021|
||||I|£|£|£|
||Finished|goods|32,939|22,021|||
||The stock is valued at purchase price.||||||
|12|Debtors||||||
|||||Group|Charity||
||||2022|2021|2022|2021|
||||£|£|£|£|
|Trade debtors|||231,652|203,625|6,587|21,276|
|Amounts due||from Group Companies|||232,835|298,944|
|Other debtors|||104,363|42,749|45,686|22,079|
|Prepayments|||86,326|24,746|24,141|17,435|
||||422,341|271,120|309,249|359,734|
##
##
|||Group||Charity||
|---|---|---|---|---|---|
|13 creditors||2022|2021|2022|2021|
|Amounts falling due within|1 year:|£|£|£|£|
|Trade creditors||107,478|42,076|88,254|35,824|
|Amounts due to Group Companies||—|—|-|380,451|
|Other creditors||215,402|223,591|50,707|152,377|
|Social Security and Other Taxes||200,184|150,052|79,242|64,871|
|Accruals and deferred income||230,538|114,778|42,365|52,688|
|||753,602|530,497|260,568|686,211|
##
##
|16
Analysis of Group net|assets by fund|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||Funds|Funds|2022|
||£|£|£|
|Tangible fixed assets|470,782|—|470,782|
|Investments|102,543|—|102,543|
|Current assets|2,201,548|942,569|3,144,117|
|current liabilities|(753,602)|—|(753,602)|
||2,021.271|942,569|2,963,840|
##
##
##
||Unrestricted|Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||Funds|Funds|2021|
|||I|I|f|
|Tangible fixed assets||171,730|—|171,730|
|Investments||102,543||102,543|
|Current assets||3,181,728|1,397,721|4,579,449|
|Current liabilities||(530,497)|—|(530,497)|
|||2,925,504|1,397.721|4,323,225|
|Analysis of Charity net assets by||fund|||
|17|||||
||Unrestricted||Restricted|Total|
||Funds||Funds|2022|
||I||I|I|
|Tangible fixed assets||1 90,049|-|190,049|
|Investments||6,173|—|6,173|
|Current assets||639,894|363,401|1,003,295|
|Current liabilities|(260,568)||—|(260,568)|
|||575,548|363,401|938,949|
##
||Unrestricted|Restricted|Total|
|---|---|---|---|
||Funds|Funds|2021|
||I|£|£|
|Tangible fixed assets|35,973|—|35,973|
|Investments|3,625|—|3,625|
|Current assets|1,871,822|564,166|2,435,988|
|Current liabilities|(686,213)|—|(686,213)|
||1,225,207|564,166|1,789,373|
##
##
|1 8
Analysis ofGroup Funds||||||
|---|---|---|---|---|---|
||B/Md|Received|Utilised|Transfer in|C/Md|
||01/04/21|inyear|inyear|funds|31/03/22|
||£|f|£|£|£|
|Prevent|51 5,746|914,055|(1,1 52,465)|(12,93!)|264,406|
|Rescue|700,900|926,207|(926145)|(62,780)|638,181|
|Restore / Reform|181,075|1,082.132|(1,239,884)|I 6,659|39,982|
|Restricted Funds|1,397,721|2,922,394|(3,31 8,494)|(59,052)|942,569|
|General Fund|1,610,461|6,083,862|(6,219,1 47)|(31 9200)|1,1 55,976|
|Designated Funds||||||
|Fixed asset|275,071||0|298,252|573,323|
|Building & equipment|91,972||0|0|91,972|
|Facilities|1 50,000||(I 00,000)|50,000|100,000|
|Strategic plan|628,000||(628,000)|0|0|
|Capital|1 70,000||(1 00.000)|30,000|100,000|
||1,31 5,043||(828.000)|378,252|865,295|
|Unrestricted Funds|2,925,504|6,083,862|(7,047,147)|59,052|2,021,271|
|Total Funds|4,323,225|9,006,256|(10,365,641)|-|2,963,840|
||B/Md|Received|Utilised|Transfer in|C/Md|
||01/04/20|inyear|inyear|funds|31/03/21|
||£|£|£|£|£|
|Prevent|1 75,906|81 7.450|(477,382)|(228)|51 5,746|
|Rescue|525,754|941,551|(765,547)|(858)|700,900|
|Restore / Reform|197,57?|1,057,862|(1,073,955)|(403)|181,075|
|Restricted Funds|899,231|2,816,863|(2,316,884)|(1.489)|1,397,721|
|General Fund|1,993,263|5,264,497|(4,333,745)|(1,31 3554)|1,610,461|
|Designated Funds||||||
|Fixed asset||||275,071|275,071|
|Building & equipment||||91,972|91,972|
|Facilities||||1 50,000|1 50,000|
|Strategic plan||||628,000|628,000|
|Capital||||1 70,000|1 70,000|
||—|—|—|1,31 5,043|1,31 5,043|
|Unrestricted Funds|1,993,263|5,264,497|(4,333,745)|1,489|2,925,504|
|Total Funds|2,892,494|8.081.360|(6,650,629)|—|4,323,225|
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|Operating leases which expire:||||||
|---|---|---|---|---|---|
||||Group|Charity||
|||2022|2021|2022|2021|
|||I|£|F|£|
|Land and buildings||||||
|Less than one year||273,433|195,842|96563|66,992|
|Between two and five years||428,874|77,489|168,985||
|||702,307|273,331|265,548|66,992|
|20.
Reconciliation of net debt||||||
||At|1 April|Cash|Other
At|31 March|
|||2021|flows|changes|2022|
|||F|£|£|£|
|Cash at bank and in hand|4,286,308||(1,739,863)|142,392|2,688,837|
|Total cash and cash equivalents|4,286,308||(1,739,963)|1 42,392|2,688,837|
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