OpenCharities

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

2020-08-31-accounts

Registered number: 6657145 Charity number: 1127321

STOP THE TRAFFIK

(A company limited by guarantee)

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020

STOP THE TRAFFIK

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charity, its trustees and advisers 1
Trustees’ report (incorporating a Directors’ report) 2 – 8
Independent auditor’s report 9 – 11
Statement of financial activities 12
Balance sheet 13
Cash flow statement 14
Notes to the financial statements 15 – 23

STOP THE TRAFFIK

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2020

Directors C M Taylor (resigned 10 September 2019) D Willson-Rymer K Britain (resigned 21 February 2020) T Pearce S L Lever (resigned 17 March 2020) S Price M J Ryan P L Talibart J Connell-Waite Company number 6657145 Charity number 1127321 Registered office 1 Kennington Road London SE1 7QP Company Secretary V Davey (appointed 22 April 2020) Chief Executive Officer Ruth Dearnley Independent Auditor Mercer & Hole 21 Lombard Street London EC3V 9AH

Page 1

STOP THE TRAFFIK

(A company limited by guarantee)

TRUSTEES’ REPORT (Incorporating Directors’ Report) FOR THE YEAR ENDED 31 AUGUST 2020

The Directors (who are also trustees of the charity for the purposes of the Charities Act) present their annual report together with the audited financial statements of STOP THE TRAFFIK (the company) for the year ended 31 August 2020. The Directors confirm that the annual report and financial statements of the company comply with the Companies Act 2006, the Charities Act 2011, the requirements of the company's governing document and the provisions of the Charities SORP 2015 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

Structure, governance and management

a. Constitution

STOP THE TRAFFIK (“STT”) is a global movement whose purpose is to end the buying and selling of people. The STOP THE TRAFFIK movement arose from a campaign initiated by Oasis Charitable Trust (and a steering group of 6 other organisations) and has grown successfully since its inception in 2006.

STOP THE TRAFFIK, the company, was set up by a Memorandum of Association on 28 July 2008. It is also a registered charity, number 1127321. Oasis International Association (OIA) is the founding member of the charitable company; STOP THE TRAFFIK is a subsidiary company of OIA.

STOP THE TRAFFIK holds the name and legal rights to the use of the brand. The right to grant partnership status to any third party entity either to operate on a national or regional basis remains the prerogative of the STOP THE TRAFFIK board. These accounts and reports represent the activities of STOP THE TRAFFIK within the UK only. STOP THE TRAFFIK does not have any subsidiaries. The principal object of the company is to promote Human Rights (as set out in the Universal Declaration of Human Rights, and safeguarded by the Final Protocol to the Convention for the Suppression of the Traffic in Persons and of the Exploitation of the Prostitution of Others (1950), the United Nations Convention on the Abolition of Slavery, the Slave Trade and Institutions and Practices Similar to Slavery(1975), the United Nations Convention on Transnational Organised Crime with its Supplementary Protocol to Prevent, Suppress and Punish Trafficking in Persons, Especially Women and Children (2003) and any other United Nations conventions and declarations) and to prevent the infringement of human rights by people trafficking throughout the world.

The Directors have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the aims and objectives and in planning future activities. In particular, the Directors consider how planned activities will contribute to the aims and objectives they have set.

b. Method of appointing Directors

The management of the company is the responsibility of the Directors who are elected and co-opted under the terms of the Articles of Association. The appointment of new Directors is subject to the approval of the Directors of OIA.

c. Policies adopted for the induction and training of Directors

New Directors are given a full induction and training as required.

d. Remuneration of Key Management Personnel

The key management personnel of the Trust comprise the trustees and senior management team. The pay for all senior staff follows the pay scales of the organisation which are evaluated according to the responsibilities of the post, with set grades and increments of pay. The pay of the Chief Executives are benchmarked with charities of comparable scale and reach and approved by the Boards.

e. Organisational structure and decision making

The Directors have delegated day to day management of the company to the CEO but retain responsibility for major strategic and governance decisions. In order for STOP THE TRAFFIK to operate efficiently, the structure has developed in the year 2019/20 as follows:

Page 2

STOP THE TRAFFIK

(A company limited by guarantee)

TRUSTEES’ REPORT (Incorporating Directors’ Report) FOR THE YEAR ENDED 31 AUGUST 2020

Global Office: This group (salaried and pro bono) provides global leadership for STOP THE TRAFFIK growth around the world. The Global office is served by staff who inform and advise on action and creates specific global working groups that enable collaborative planning and delivery. The staff team is arranged in a project management structure with defined pathways for idea shaping and feedback.

Traffik Analysis Hub: STOP THE TRAFFIK’s Centre for Intelligence led prevention has evolved into the Traffik Analysis Hub, which is its own independently registered company (11451182). It is designed to be an independent repository for information from multiple sources about people trafficking or modern slavery. Now the largest picture of cases of human trafficking it is building a rich picture of slavery worldwide, to identify the hotspots and trends and turn that understanding into social media campaigns giving real time intelligence, which is shared with multiple stakeholders in order to build resilient communities. There are established data flows between Traffik Analysis Hub and STOP THE TRAFFIK so this data, and the intelligence view of it, is still used to create change through our projects.

The STOP APP: The STOP APP, a Smart Phone Application that enables users to securely share their knowledge of trafficking incidents with STT, has been upgraded over this year to include more features such as an audio upload. This is utilised a data scraping tool which contributes to STOP THE TRAFFIKs understanding of human trafficking.

Partnerships: STOP THE TRAFFIK is extending its global reach through diverse and extensive partnerships around its global work and will continue to increase this in order to achieve our vision. We have clear goals for the industries, sectors, and global locations that our partnerships will be most effective and required. These partnerships can involve securely sharing data, approach or projects. STOP THE TRAFFIK has a number of affiliates. The affiliation agreement is a voluntary commitment between the STOP THE TRAFFIK board and the Affiliate. It enables the Affiliate to use the STOP THE TRAFFIK brand in accordance with an agreed set of operating standards, with a clear understanding of the consequences of failure to meet the standards being the removal of permission to use the brand.

Organised Groups: Organisations, businesses, third sector groups, faith groups, schools, universities, community groups and networks join STOP THE TRAFFIK and take action.

STOP THE TRAFFIK groups: Groups of volunteers who meet regularly to take local action to combat trafficking within their community. This is something which organically happens, they are not encouraged or started by STOP THE TRAFFIK and operate independently.

Activists: Individuals who want to join the global movement and take action within the terms of the STOP THE TRAFFIK Charter. This is something which organically happens, they are not encouraged or started by STOP THE TRAFFIK and operate independently.

e. Risk management

The Directors have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company in relation to Covid-19, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

The risks and impact of Covid-19 has been assessed by the Directors and there is limited effect on the overall forecast position of the Company for the next 12 months. We have confirmed grant commitments from our major funders covering the period to August 2021 and beyond. We have changed our operations to ensure we are protecting our staff, partners and others we work with, taking into account the social distancing measures that the Government have introduced for the foreseeable future. Covid-19 does not put the sustainability or financial performance at risk.

Other key areas of risk are ensuring that adequate financial resources continue to sustain delivery, putting in place sustainable commercial relationships and adequate relationships with government and law enforcement and ensuring sufficient capacity to adequately manage substantial growth in the CfIlP. A risk register is maintained and reviewed on a regular basis and steps are taken to mitigate these risks.

Page 3

STOP THE TRAFFIK

(A company limited by guarantee)

TRUSTEES’ REPORT (Incorporating Directors’ Report) FOR THE YEAR ENDED 31 AUGUST 2020

f. Financial review

Total income for the year ended 31 August 2020 amounted to £844,611 (2019: £631,228). Costs of raising voluntary income decreased to £2,538 (2019: £10,652) and charitable activity expenditure increased to £711,164 (2019: £553,224). Overall a surplus of £130,909 (2019: £67,352) is reported for the year helping to build reserves in order to combat future fluctuations along with a very robust strategic plan. During the year STT was awarded grants to allow for building a national network of hubs, broadening the reach of the charity and assisting in working towards achieving this key objective.

STOP THE TRAFFIK’s income is generated through four distinct income streams; individual and community giving, grant funding, business and community practice and node contribution. All the income streams contribute towards the objectives of STT in preventing human trafficking globally through intelligence-led prevention. Node contribution and individual and community giving contribute to the core running of our prevention operations; producing human trafficking intelligence, intelligence-led campaigns and collaboration with global and local partners to tackle human trafficking in their field of influence. The grant funding we have received is contributing to the scaling of our intelligence-led capabilities, monitoring, evaluation and learning of our intelligence methodology, and the development of locally-led prevention through modern slavery community coordinators. STT work with a number of organisations, through our business & community practice, providing training and support to help identify human trafficking and modern slavery in their operations, helping them to take appropriate steps to mitigate the risk of exploitation in their practices and support victims of human trafficking and modern slavery.

STOP THE TRAFFIK also received a number of donated services during the year. The company is very grateful to the relevant providers of those services. No financial value has been attributed to these services in the financial statements as the related activities would not have been undertaken if this time had not been donated. In addition, STOP THE TRAFFIK relies on volunteer time in order to carry out its activities at a local level. In line with the Charities SORP, this time has not been valued and included in the financial statements but amounts to an estimated 10,800 hours (2019: 11,920 hours). We thank all of the volunteers who have contributed to STOP THE TRAFFIK in this year.

g. Reserves

The Directors continue to review STOP THE TRAFFIK's need for reserves in line with the guidance issued by the Charity Commission and have adopted a policy to set aside funds of approximately three months running costs which is estimated to be £178,500. The level of funds at 31 August is £517,035 (unrestricted is £368,219, designated is £41,175 and restricted £107,641) (2019: total funds £386,126, of which £162,251 was unrestricted, £27,182 designated and £196,693 restricted).

h. Going concern

The Directors have considered the risks, including the impact of Covid-19, and these include the ability for the charity to carry out its activities in an environment where social distancing rules are expected to be in force for some time. Most activities can continue to be delivered from a digital platform. The Directors have confirmed that the major sources of grant funding are committed and the delivery of the activities can be adjusted to ensure that guidelines around social distancing can still be applied. Furthermore, the Directors are confident that costs will only be incurred to the extent that income is secured. The Directors are confident that the charity has adequate resources to continue operating for the foreseeable future and, for this reason, the Directors continue to adopt the going concern basis in preparing the accounts.

The level of total reserves as at 31 August 2020 is £517,035 (2019: £386,126).

Page 4

STOP THE TRAFFIK

(A company limited by guarantee)

TRUSTEES’ REPORT (Incorporating Directors’ Report) FOR THE YEAR ENDED 31 AUGUST 2020

Strategic Objectives

The objectives of STOP THE TRAFFIK's for 2020-22 are to create a world where people are not bought or sold, by;

Achievements and performance

Reducing the recruitment of vulnerable people who are required to maintain the organised global business of human trafficking;

Preventing human traffickers from accessing (proceeds of crime) money and moving it through the financial systems;

Working with business to identify and reduce the human trafficking and modern slavery risk within their business and supply;

Page 5

STOP THE TRAFFIK

(A company limited by guarantee)

TRUSTEES’ REPORT (Incorporating Directors’ Report) FOR THE YEAR ENDED 31 AUGUST 2020

• Producing online training, which was downloaded over 1,500 times, on signs of exploitation for hotel staff, who are housing people with no fixed address, as part of the government 'Everyone In' Scheme (during the UK national Covid-19 lockdown).

• Collaboratively developed a theory of change to give strategic direction to the response to modern slavery in three Central West London boroughs. This is now being developed into a 5-year strategy

Developing and maintaining the richest global intelligence picture of trafficking, in order to provide the core delivery of STT activity;

Developing the STT group structure, to facilitate growth of STT capacity, to achieve scaling of operations and deliver critical level of impact to evidence disruption of global trafficking;

Plans for the future

Key activities for 21-22 to implement our strategic goals are to:

1. Reduce the recruitment of vulnerable people who are required to maintain the organised global business of human trafficking.

2. Prevent human traffickers from accessing (proceeds of crime) money and moving it through financial systems.

3. Work with businesses to identify and reduce the human trafficking and modern slavery risk within their business and supply.

Page 6

STOP THE TRAFFIK

(A company limited by guarantee)

TRUSTEES’ REPORT (Incorporating Directors’ Report) FOR THE YEAR ENDED 31 AUGUST 2020

• Work with businesses to design best practice policies and procedures for reducing the risk of modern slavery and, crucially, conduct stakeholder participatory implementation assessments to ensure standards are being met.

4. Develop and maintain the richest global intelligence picture of trafficking, in order to provide the core delivery of STT activity.

5. Develop the STT group structure, to facilitate growth of STT capacity, to achieve scaling of operations and deliver critical level of impact to evidence disruption of global trafficking.

6. To influence local, national and global systems to embrace an intelligence-led approach.

Statement of Directors’ responsibilities

The Directors (who are also trustees of STOP THE TRAFFIK for the purposes of charity law) are responsible for preparing the Directors' 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 Directors to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs 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 Directors are required to:

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and 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.

Page 7

STOP THE TRAFFIK

(A company limited by guarantee)

TRUSTEES’ REPORT (Incorporating Directors’ Report) FOR THE YEAR ENDED 31 AUGUST 2020

Provision of information to auditors

Each of the persons who are Directors at the time when this Directors' report is approved has confirmed that:

Auditors

BDO LLP has resigned as auditor and the directors have appointed Mercer & Hole as auditor in their place. Mercer & Hole has indicated its willingness to continue in office.

In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the Directors on 18 December 2020 and signed on their behalf by:

----- Start of picture text -----
D Willson-Rymer
Trustee [Ag]
----- End of picture text -----

Page 8

STOP THE TRAFFIK

(A company limited by guarantee)

Independent Auditor’s Report to the Members of Stop The Traffik

Opinion

We have audited the financial statements of Stop the Traffik (the ‘charitable company’) for the year ended 31 August 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our 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 audit opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in which the ISAs (UK) require us to report to you where:

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. 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.

Page 9

STOP THE TRAFFIK

(A company limited by guarantee)

Independent Auditor’s Report to the Members of Stop The Traffik

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors’ Report or the Trustees’ Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purpose of company law), are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 10

STOP THE TRAFFIK

(A company limited by guarantee)

Independent Auditor’s Report to the Members of Stop The Traffik

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under the Companies Act 2006 and report in accordance with the Act and relevant regulations made or having effect thereunder. 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.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councils 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.

Helen Cain , Senior Statutory Auditor

For and on behalf of Mercer & Hole, Statutory Auditor

Mercer & Hole is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

21 Lombard Street London EC3V 9AH Date_____ 21/12/2020

Page 11

STOP THE TRAFFIK

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 AUGUST 2020

Note
INCOME FROM:
Donations and legacies
2
Other trading income
3
Charitable activities
4
TOTAL
EXPENDITURE ON:
Raising funds
5
Charitable activities
6
TOTAL
INCOME/(EXPENDITURE) FOR THE
YEAR, BEING NET MOVEMENT IN
FUNDS
Total funds at 1 September 2019
TOTAL FUNDS AT 31 AUGUST 2020		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
funds
Total
funds

2020
£
2020
£
2020
£
2020
£
2019
£
442,512
76,000
223,418
741,930
559,251
218
-
-
218
427
102,463
-
-
102,463
71,550

545,193
76,000
223,418
844,611
631,228

2,538
-
-
2,538
10,652
336,687
62,007
312,470
711,164
553,224

339,225
62,007
312,470
713,702
563,876
205,968
13,993
(89,052)
130,909
67,352
162,251
27,182
196,693
386,126
318,774
368,219
41,175
107,641
517,035
386,126

The notes on pages 15 to 23 form part of these financial statements.

Page 12

STOP THE TRAFFIK

(A company limited by guarantee) REGISTERED NUMBER: 6657145

BALANCE SHEET AS AT 31 AUGUST 2020

2020 2020 2019 2019
Note £ £ £ £
CURRENT ASSETS
Debtors 10 72,354 67,698
Cash at bank and in hand 550,684 396,445
623,038 464,143
CREDITORS:amounts falling due within
one year 11 (106,003) (78,017)
NET CURRENT ASSETS 517,035 386,126
NET ASSETS 517,035 386,126
CHARITY FUNDS
Unrestricted funds 12 368,219 162,251
Designated funds 12 41,175 27,182
Restricted funds 12 107,641 196,693
TOTAL FUNDS 12 517,035 386,126

The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board on 18 December 2020 and were signed on its behalf by:

D Willson-Rymer Trustee

The notes on pages 15 to 23 form part of these financial statements.

Page 13

STOP THE TRAFFIK

(A company limited by guarantee) REGISTERED NUMBER: 6657145

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2020

Cash flows from operating activities
Net income
Adjustments for:
(Increase)/Decrease in debtors
Increase in creditors
Net cash generated from operating activities
Net increase in cash in the year
Reconciliation of net cash flow movements to net funds
Net increase in cash in the year
At 1 September
At 31 August
Consisting of:
CAF Bank
Barclays Current Account		 2020
£
130,909
(4,656)
27,986
154,239
154,239
154,239
396,445
550,684
-
550,684
550,684		 2019
£
67,352
86,223
15,448
169,023
169,023
169,023
227,422
396,445
396,445
396,445

The notes on pages 15 to 23 form part of these financial statements.

Page 14

STOP THE TRAFFIK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The accounts (financial statements) have been prepared in accordance with the Charities SORP (FRS102) applicable to charities preparing their accounts in accordance with FRS102 the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006, the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

1.2 Company status

The company is a company limited by guarantee, incorporated and domiciled in the UK and is a public benefit entity. Oasis International Association is the sole member of the company. The address of the registered office is 1 Kennington Road, London, SE1 7QP. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. Details of the principal activities of the company are given within the Directors’ Report. The accounts have been prepared in GBP and have been rounded to the nearest pound.

1.3 Going concern

The Directors have considered the risks to the Company, including the impact of Covid-19, and these include a reduction in business income and the ability for the Company to carry out its activities in an environment where social distancing rules are expected to be in force for some time. The Directors have confirmed that the major sources of grant funding are committed and the delivery of the activities can be adjusted to ensure that guidelines around social distancing can still be applied. Furthermore, the Directors are confident that costs will only be incurred to the extent that funding is secured. The Directors are confident that the Company has adequate resources to continue operating for the foreseeable future and, for this reason, the Directors continue to adopt the going concern basis in preparing the accounts.

1.4 Fund accounting

Designated funds are funds that have been set aside by the Trustees for a specific purpose. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the company for particular purposes. The cost of raising and administering such funds are charged against the specific fund.

1.5 Income

All income included in the Statement of Financial Activities when the company is legally entitled to the income and the amount can be quantified with reasonable accuracy and the likelihood of receipt of the income is probable. Income includes gifts and donations, grants, event and contract income as listed in note 2. Gifts and donations are recognised when receivable and grant income is recognised in the period applicable for the grant funding. Income received in advance for future periods is held as deferred income.

The company received a number of donated services during the year. The company is very grateful to the relevant providers of those services. No financial value has been attributed to these services in the financial statements as the related activities would not have been undertaken if this time had not been donated. In addition, STOP THE TRAFFIK relies on volunteer time in order to carry out its activities at a local level. In line with the Charities SORP, this time has not been valued and included in the financial statements but amounts to an estimated 10,800 hours. We thank all of the volunteers who have contributed to STOP THE TRAFFIK in this year.

Page 15

STOP THE TRAFFIK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

1.6 Expenditure

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:

Expenditure on raising funds includes costs associated in raising individual giving income.

Expenditure on charitable activities includes the costs of educational activities 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.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support STT’s operations and activities.

1.7 Pensions

The Company operates a defined contribution pension scheme. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the scheme. Pension costs relating to staff working on restricted funded projects are recorded as part of the restricted expenditure.

1.8 Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

1.9 Cash at bank and in hand

1.10 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.

1.11 Financial instruments

The company 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. Financial assets held at amortised cost comprise cash and bank and in hand, together with trade and other debtors. Financial liabilities held at amortised cost comprise bank loans and overdrafts, trade and other creditors.

Page 16

STOP THE TRAFFIK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

1.12 Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates, assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects the current and future periods.

In the view of the directors, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.

2. DONATIONS AND LEGACIES

Donations
Grants		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
funds
2020
£
2020
£
2020
£
2020
£
134,444
-
25,968
160,412
308,068
76,000
197,450
581,518

Total
funds


2019
£

153,028

406,223

559,251
442,512
76,000
223,418
741,930

3. OTHER TRADING INCOME

Merchandising Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2020
£
2020
£
2020
£
2019
£
218
-
218
427
218
-
218
427

Page 17

STOP THE TRAFFIK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

4. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted Restricted Total Total
funds funds funds funds
2020 2020 2020 2019
£ £ £ £
Consultancy income 95,883 - 95,883 45,949
Training income 6,580 - 6,580 25,601
102,463 - 102,463
 71,550
EXPENDITURE ON RAISING FUNDS
Unrestricted Designated Restricted Total Total
funds funds funds funds funds
2020 2020 2020 2020 2019
£ £ £ £ £
Publicity and networking 2,538
-		 - 2,538 10,652

5. EXPENDITURE ON RAISING FUNDS

6. EXPENDITURE ON CHARITABLE ACTIVTIES

Travel and subsistence
Communication costs
Bank charges
Office costs
Sundry expenses
Wages and salaries
National insurance
Pension cost
Consultancy
Equipment cost
Website
Advertising and publicity
Subscriptions
Merchandise costs
Training costs
Governance costs
Software charges		 Unrestricted
funds
2020
£
13,531
813
2,064
412
3,411
237,713
22,923
15,199
20,252
1,882
339
11,185
2,984
-
233
3,250
496		 Designated
funds
2020
£
-
-
-
-
-
53,033
5,262
3,712
-
-
-
-
-
-
-
-
-
Restricted
funds
2020
£
5,960
237
64
58
33,349
189,791
16,452
13,506
40,816
2,921
1,969
5,841
2
-
681
-
823		 Total
2020
£
19,491
1,050
2,128
470
36,760
480,537
44,637
32,417
61,068
4,803
2,308
17,026
2,986
-
914
3,250
1,319		 Total
2019
£
24,440
1,065
1,850
967
53,973
373,249
35,109
26,669
21,216
3,794
4,599
1,159
-
-
2,626
1,050
1,458
336,687 62,007 312,470 711,164 553,224

Page 18

STOP THE TRAFFIK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

The costs above are classified as:
Direct
Costs
Support
Costs
Governance
costs
Total
costs
2020
£
2020
£
2020
£
2020
£
Total
636,750
71,164
3,250
711,164
7.
GOVERNANCE COSTS
Unrestricted
funds
Restricted
funds
Total
funds
2020
£
2020
£
2020
£
Auditors' remuneration
3,250
-
3,250
3,250
-
3,250
8.
NET INCOME
This is stated after charging:
2020
£
Auditor’s remuneration
3,250
Pension costs
32,417
During the year, no Trustees received any remuneration or any reimbursed expenses.
9.
STAFF COSTS
Staff costs were as follows:
Direct
Costs
Support
Costs
Governance
costs
2020
£
2020
£
2020
£
636,750
71,164
3,250		 Total
costs
2020
£
711,164		 Total
costs
2019
£
553,224
Total
funds
2019
£
1,050
-
1,050
2019
£
1,050
26,669
Wages and salaries
Social security costs
Other pension costs		 2020
£
480,537
44,637
32,417
557,591		 2019
£
373,249
35,109
26,699
435,057

Pension costs are split between unrestricted and restricted expenditure. Amounts are allocated to restricted expenditure based on the employees who have been working on restricted projects.

Page 19

STOP THE TRAFFIK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

9. STAFF COSTS (continued)

The average monthly number of employees during the year was as follows:

Charitable activities
Support activities		 2020
14
2
16		 2019
12
2
14

One employee received remuneration amounting to more than £60,000 (2019: one employee). The CEO, senior management of the Oasis Group and Trustees form the key management personnel of the company. The salary and pension contribution for the CEO was £79,042, (2019: £78,060) and this is a cost borne by STT. Trustees did not receive any remuneration or expense reimbursement in either year.

10. DEBTORS

Trade debtors
Prepayments and accrued income
Other debtors
Amounts owed by group undertakings
11.
CREDITORS:
Amounts falling due within one year
Trade creditors
Amounts owed to group undertakings
Taxes and social security costs
Accruals and deferred income
Deferred income included in the figures above:
Deferred income at beginning of the year
Resources deferred in the year
Amounts released from previous year
Deferred income at the end of the year		 2020
£
50,665
17,401
4,288
-
72,354
2020
£
4,961
3,418
21,107
76,517
106,003
2020
£
54,048
72,211
(54,048)		 2019
£
30,007
23,809
1,942
11,940
67,698
2019
£
2,100
4,665
15,166
56,086
78,017
2019
£
25,359
54,048
(25,359)
54,048
72,211

Page 20

STOP THE TRAFFIK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

12. SUMMARY OF FUNDS 2020

SUMMARY OF FUNDS 2020
General funds
Designated funds
Restricted funds		 Brought
Forward
Incoming
resources
Resources
Expended
Carried
Forward
£
£
£
£
162,251
545,193
(339,225)
368,219
27,182
76,000
(62,007)
41,175
196,693
223,418
(312,470)
107,641
386,126
844,611
(713,702)
517,035

The designated funds are for the development of the CfILP, a global app used for reporting possible trafficking. This fund has almost been spent in year with £41,175 remaining at year-end. Restricted funds above relate to restricted projects that are for a specific purpose, including the establishment of a modern slavery network in Manchester with the support of the Greater Manchester police, Comic Relief Funding, City Bridge Funding, and for the operation of the Hastings and Essex Hubs.

SUMMARY OF FUNDS 2019

General funds
Designated funds
Restricted funds		 Brought
Forward
Incoming
Resources
Resources
Expended
Carried
Forward
£
£
£
£
53,193
287,334
(178,276)
162,251
110,000
7,500
(90,318)
27,182
155,581
336,394
(295,282)
196,693
318,774
631,228
(563,876)
386,126

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2020

Current assets
Creditors due within one year		 Unrestricted
funds
2020
£
443,186
(33,792)
409,394		 Restricted
funds
2020
£
179,852
(72,211)
107,641		 Total
funds
2020
£
623,038
(106,003)
517,035

Page 21

STOP THE TRAFFIK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2019 (continued)

Current assets
Creditors due within one year		 Unrestricted
funds
2019
£
232,496
(43,063)
189,433		 Restricted
funds
2019
£
231,647
(34,954)
196,693		 Total
funds
2019
£
464,143
(78,017)
386,126

14. ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

The company is a wholly owned subsidiary of Oasis International Association Ltd (OIA), which is the Ultimate Parent and Controlling Party, allowing for appointment and removal of Trustees. OIA is a company incorporated in England (registered number 4255992) and a registered charity (registered charity number 1098100). Oasis International Association prepares consolidated financial statements which include the results of Stop the Traffik.

OIA’s principal objectives are to:

Copies of the Oasis International Association Ltd group financial statements are available from its registered office at 1 Kennington Road, London, SE1 7QP.

From September 2020 the Ultimate Parent of the group is Oasis Charitable Trust (OCT). Further information is given in the Post Balance Sheet note 16 below.

15. RELATED PARTY TRANSACTIONS

During the year the company made the following transactions with other group companies:

There were no other related party transactions.

16. SUBSIDARY UNDERTAKINGS

STOP THE TRAFFIK is the sole member of TraffikAnalysis Hub Ltd (TA Hub), a company limited by guarantee. In the year TA Hub was dormant and no trading activities occurred. STT’s liability as member of TA Hub is limited to £10. The companies registered address is 1a Kennington Rd, London. SE1 7QP

Page 22

STOP THE TRAFFIK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

17. POST BALANCE SHEET EVENT

On 1 September 2020 a change to the structure of the Oasis Group took place with Oasis Charitable Trust (OCT), becoming the ultimate parent of the group. Oasis International Association (OIA, the previous ultimate parent), became a subsidiary of OCT. STT remains a subsidiary of OIA.

18. STATEMENT OF FINANCIAL ACTIVITIES – COMPARATIVES

Note
INCOME FROM:
Donations and legacies
2
Other trading income
3
Charitable activities
4
TOTAL
EXPENDITURE ON:
Raising funds
5
Charitable activities
6
TOTAL
INCOME/(EXPENDITURE) FOR THE YEAR,
BEING NET MOVEMENT IN FUNDS
Total funds at 1 September 2018
TOTAL FUNDS AT 31 AUGUST 2019		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
funds

2019
£
2019
£
2019
£
2019
£
215,357
7,500
336,394
559,251
427
-
-
427
71,550
-
-
71,550

287,334
7,500
336,394
631,228

1,491
554
8,607
10,652
176,785
89,764
286,675
553,224

178,276
90,318
295,282
563,876
109,058
(82,818)
41,112
67,352
53,193
110,000
155,581
318,774
162,251
27,182
196,693
386,126

Page 23