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2023-08-31-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 2023

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 – 12
Statement of financial activities 13
Balance sheet 14
Cash flow statement 15
Notes to the financial statements 16 – 24

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 2023

Directors

D Willson-Rymer (resigned 13 December 2022) G Lawlor S Price M J Ryan P L Talibart S E Raine (resigned 23 October 2023) E Roberts J Patterson Company number 6657145 Charity number 1127321 Registered office 35-41 Lower Marsh London SE1 7RL Company Secretary Xenia Murray Chief Executive Officer Ruth Dearnley OBE Independent Auditor Mercer & Hole LLP 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 2023

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 2023. 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 2019 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 2019).

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 immediate parent with Oasis Charitable Trust (OCT) being the ultimate parent of the charitable company.

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. 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 modern slavery and human trafficking across 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.

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 Executive is benchmarked with charities of comparable scale and reach and approved by the Boards. STOP THE TRAFFIK has also set up a Nominations and Remuneration Committee which effectively oversees pay reviews, senior appointments, and associated issues. The CEO of STOP THE TRAFFIK is also a trustee of Traffik Analysis Hub and does not receive any remuneration for this role.

e. Organisational structure and decision making

The Board of 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 2022/23 as follows:

Page 2

STOP THE TRAFFIK

(A company limited by guarantee)

TRUSTEES’ REPORT (Incorporating Directors’ Report) FOR THE YEAR ENDED 31 AUGUST 2023

The Executive provide subject matter expertise in line with the charity's strategic objectives and continues development of our strategy. Due to organisational growth in the last year, we have established an additional team of head of roles across STOP THE TRAFFIK's functionalities who drive the delivery of the strategy. The organisational team is arranged in a project management structure, driven by modern slavery and human trafficking intelligence to deliver products, projects, and services that seek to prevent exploitation in collaboration with our partners and clients.

Recognising the vast global data gap on MSHT, 2017 saw the development of the Traffik Analysis Hub (TA Hub) in partnership with IBM, translating the largest collection of survivor stories into the most comprehensive MSHT database in the world, able to identify hotspots and trends that turn data into real-time intelligence. STOP THE TRAFFIK actively shares intelligence with relevant stakeholders seeking to reduce harm and relies on the TA Hub to inform our programmes and products. Traffik Analysis Hub is a registered company (11451182) and a UK-registered charity (1192933).

STOP THE TRAFFIK and Traffik Analysis Hub work closely together strategically, culturally, and in our combined vision, operating with a shared leadership team. The two organisations remain separate legal entities.

STOP THE TRAFFIK recognises that we will not stop human trafficking alone. Critical to our model are our networks around the world including corporations, financial institutions, NGOs, frontline organisations, and data and technology hubs. These relationships, including intelligence and data sharing, project and programme collaborations, and joint awareness raising, are fundamental to our operations.

STOP THE TRAFFIK has one affiliate. 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.

STOP THE TRAFFIK action groups consist of community-led volunteers who meet regularly to take local action to combat trafficking within their community. These groups are not started by STOP THE TRAFFIK and operate completely independently.

e. Risk management

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

The Director of Operations monitors a strategic risk register on an ongoing basis, regularly ensuring that risks are appropriately recorded and mitigating actions are taken swiftly.

The Audit & Risk committee meet quarterly to assess key areas of risk, prioritising any moderate-high impact risk areas, ensuring they are satisfied with the mitigations underway and providing expertise where needed. The Committee also ensures that adequate financial resources continue to sustain delivery and are sustainably managing growth.

Page 3

STOP THE TRAFFIK

(A company limited by guarantee)

TRUSTEES’ REPORT (Incorporating Directors’ Report) FOR THE YEAR ENDED 31 AUGUST 2023

f. Financial review

Total income for the year ended 31 August 2023 amounted to £1,134,342 (2022: £1,387,554). Costs of raising voluntary income decreased to £15,545 (2022: £20,006) and charitable activity expenditure increased to £1,730,142 (2022: £1,229,721). Overall, a deficit of £595,800 (2022: a £157,833 surplus) is reported for the year.

During 2022 STOP THE TRAFFIK experienced a period of strong growth however in 2023, the economic climate meant not all income projections materialised. The charity therefore undertook a significant restructuring in order to ensure it remained a going concern. Despite this period of uncertainty, we are now seeing an increase in income with funding for 2023/24 meeting projections. The charity’s long-term objectives remain unchanged.

STOP THE TRAFFIK’s income is generated through three distinct income streams:

All the income streams contribute towards the objectives of STOP THE TRAFFIK in preventing human trafficking globally, fuelled by intelligence. Donations contribute to the core running of our prevention operations, producing human trafficking intelligence, developing geo-targeted, digital prevention programmes, and collaborating with global and local partners to tackle human trafficking in their field of influence. Grant funding contributes to how our organisation measures the impact of our work (MEL), the scaling of our operations and intelligence-led capabilities, and the delivery of prevention projects targeted towards a particular demographic, location or exploitation type. Earned income stems from our work with organisations, businesses, and financial institutions through whom we provide products and services that work to identify human trafficking and modern slavery risk across supply chains and operations, helping clients to take appropriate steps to mitigate this risk, disrupting the systems on which traffickers depend. The earned income we receive goes back into our core funding.

STOP THE TRAFFIK also receives several 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 5,250 hours (2022: 5,000 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 £238k (2022: £380k). The level of funds at 31 August is £121,893 (unrestricted is £85,520 and restricted £36,373) (2022: total funds £717,693, of which £636,669 was unrestricted and £81,024 restricted).

h. Going concern

The Directors have reviewed all material risks which may impact the organisation's ability to continue as a going concern, including the current crisis around the increased cost of living. The Directors believe that despite any active risks, the charity remains a going concern. The Directors formed this conclusion by reviewing the financial performance of the organisation with reference to forecast levels of free reserves and cash flow projections. 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 2023 is £121,893 (2022: £717,693).

Page 4

STOP THE TRAFFIK

(A company limited by guarantee)

TRUSTEES’ REPORT (Incorporating Directors’ Report) FOR THE YEAR ENDED 31 AUGUST 2023

Vision

To create a world where people are not bought or sold.

Mission

Leveraging the power of digital disruption to undermine the business of trafficking and improve the safety and choice of those targeted.

The Strategic Objectives

The high-level objectives of STOP THE TRAFFIK remain to create a world where people are not bought or sold, by:

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

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

  3. enabling business to identify and reduce the human trafficking and modern slavery risk within their operations and supply;

  4. the above lines of work are fuelled by data and intelligence. We are working to maintain and grow the richest global intelligence picture of trafficking, made up of survivor stories, that continues to inform the core activity of STOP THE TRAFFIK including sharing our insights with all actors seeking to provide safety and prevent harm.

Values

Review of Performance & Impact

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

STOP THE TRAFFIK delivered 10+ Prevention Programmes reaching over 12 million individuals around the world. Some examples include:

  1. Ukraine Emergency Response gathering live intelligence to monitor trafficking amidst the crisis of mass displacement, and geotargeted digital campaigns to reach displaced people with safety information and prevent harm.

  2. LATAM Prevention Programme addressing the upsurge in labour exploitation of individuals from Latin America in Poland. This programme reached over 92,000 people, and 62% of post-survey respondents said the campaign made them realise that they, or someone they knew, was in an exploitative situation.

  3. Aman Safety Programme working to prevent trafficking of refugees and asylum seekers in Greece and Türkiye, providing safety information in multiple languages and connecting beneficiaries with vetted frontline organizations.

  4. Pan London Prevention Project gathering extensive data to create a live picture of trafficking across all London boroughs as well as a complimentary anti-county lines prevention campaign geotargeted toward at-risk young people across the capital.

Page 5

STOP THE TRAFFIK

(A company limited by guarantee)

TRUSTEES’ REPORT (Incorporating Directors’ Report) FOR THE YEAR ENDED 31 AUGUST 2023

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

  1. Over the year, we have trained 1000 members across the financial sector to raise awareness of MSHT, spot the signs of exploitation, and report suspicions.

  2. We have shared live intelligence in various report forms including key judgments based on the Traffik Analysis Hub and our in-house intelligence to support banks and financial institutions to spot red flags early and escalate suspicious transaction activity, with the aim of freezing assets, shutting down accounts, and coordinating interventions.

Enabling business to identify and reduce the human trafficking and modern slavery risk within their operations and supply.

We have:

  1. Trained over 35,000 individuals across an array of industries including hospitality, health, and government.

  2. Risk mapped over 2700 suppliers and over £1.7b procurement spend, helping commercial organisations rid their supply chains of exploitation.

  3. Shared bespoke reports and key judgments based on the Traffik Analysis Hub and our in-house intelligence to support clients towards their ESG goals and become human rights leaders in their respective spaces.

Developing and maintaining the richest global intelligence picture of trafficking, in order to provide the core delivery of STOP THE TRAFFIK and to share our intelligence with all actors wishing to provide safety and prevent harm.

  1. 12 sets of high-level strategic intelligence assessments, known as 'Key Judgments', have been published, drawing positive feedback from LEAs, and commercial and NGO partners alike.

  2. 20 sets of tactical reports which are short reports usually with active intelligence that someone could use immediately upon receiving e.g. checking their database for a specific phone number or person.

Plans for the Future

Key activities for 23-24:

Our core mission remains 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.

  4. The above lines of work are fuelled by data and intelligence, including the Traffik Analysis Hub. We are working to maintain and grow the richest global intelligence picture of trafficking, made up of survivor stories, that continues to inform the core activity of STOP THE TRAFFIK including insights with all actors seeking to provide safety and prevent harm.

Page 6

STOP THE TRAFFIK

(A company limited by guarantee)

TRUSTEES’ REPORT (Incorporating Directors’ Report) FOR THE YEAR ENDED 31 AUGUST 2023

We have developed strategic priorities for 2023-24 to continue our efforts towards these core objectives including:

  1. Working to degrade trafficking systems across hotspots and along routes.

  2. Prioritising key routes to focus our resource.

  3. Maturing our way of evidencing degradation of a route.

  4. Strengthening our networks of collaboration across multiple vulnerabilities.

  5. Scaling our unique data, intelligence, and insights by investing in our technological capabilities, and sharing across our extended networks with greater reach.

  6. Delivering a technology roadmap to extend our capability.

  7. Centring lived experience data in a network of global stakeholders to take action.

  8. Sharing actionable insights, in the form of an intelligence feed and services, with targeted audiences (policy makers, financial institutions, governments, businesses, NGOs, researchers).

  9. We provide our Exploitation Analytics feed to clients and partners; the intelligence feed is updated on a monthly basis. The reporting feed is split into three main areas:

    • i. Key Judgement Reports – these are macro level reports of a particular route, hotspot or method that they may previously have been unaware of. This is useful for informing risk to operations or for consideration in policy or practice.

    • ii. Tactical Reports – these are reports of specific instances of modern slavery or human trafficking in a particular trafficking route or hotspot. We encourage clients to seek out red flags, raise SARs and/or to act accordingly if they find any matches.

    • iii. ExploitX reports – these reports focus on specific instances of suspected commercial sexual exploitation. We send an overview of the type of data that we have curated, and specific suspected instances of commercial sexual exploitation to be run against KYC and TM systems for investigation as there may be links to the proceeds of crime. We encourage clients to seek out red flags, raise SARs and/or to act accordingly if they find any matches.

To support our activity, our internal objectives include:

  1. Improving and promoting the way we measure, and evidence impact and communicate our story.

  2. a. Establishing and promoting a prevention metric. Demonstrating our ability to not only measure what has happened because of our work, but also to mature our language and analytics to show what didn't happen, prevention, with rigour and accuracy.

  3. b. To extend our reach and build trust across our communication channels that deliver key insights for all those seeking to provide safety and prevent harm.

  4. Growing and diversifying funding streams and group revenue.

  5. a. To mature our funding model to ensure long-term sustainability with diverse funding streams and a focus on large scale, multi-year support alongside a subscription model of funding.

  6. Working to attract a competitive, diverse team and ensuring our internal processes and protocols are as effective as possible.

  7. a. Building on extensive progress in 'the last year, we want to continue prioritising our team's wellbeing, satisfaction, recruitment processes, and individual and organisational learning.

Page 7

STOP THE TRAFFIK

(A company limited by guarantee)

TRUSTEES’ REPORT (Incorporating Directors’ Report) FOR THE YEAR ENDED 31 AUGUST 2023

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.

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

Mercer & Hole LLP continue to act as auditors to the company and in accordance with section 485 of the Companies Act 2006, a resolution that they be re-appointed will be put at a General Meeting.

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 19 February 2024 and signed on their behalf by:

Geraldine Lawlor Trustee

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 2023 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

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, is detailed below.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to breaches in Health & Safety and General Data Protection Regulations, and we considered the extent to which non-compliance may have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements and the financial report (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate entries including journals to overstate revenue or understate expenditure, and management bias in accounting estimates.

Audit procedures performed by the engagement team included:

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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

Page 11

STOP THE TRAFFIK

(A company limited by guarantee)

Helen Cain , Senior Statutory Auditor

For and on behalf of Mercer & Hole LLP, Statutory Auditor

Mercer & Hole LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006 21 Lombard Street London EC3V 9AH

Date: 20 February 2024

Page 12

STOP THE TRAFFIK

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 AUGUST 2023

Note
INCOME FROM:
Donations and legacies
2
Charitable activities
3
TOTAL
EXPENDITURE ON:
Raising funds
4
Charitable activities
5
TOTAL
INCOME/(EXPENDITURE) FOR THE YEAR,
BEING NET MOVEMENT IN FUNDS
Total funds at 1 September 2022
TOTAL FUNDS AT 31 AUGUST 2023		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds

2023
£
2023
£
2023
£
2022
£
367,091
220,339
587,430
949,231
546,912
-
546,912
438,327

914,003
220,339
1,134,342
1,387,558

15,545
-
15,545
20,006
1,449,607
264,990
1,714,597
1,209,717

1,465,152
264,990
1,730,142
1,229,723
(551,149)
(44,651)
(595,800)
157,835
636,669
81,024
717,693
559,858
85,520
36,373
121,893
717,693

The notes on pages 16 to 24 form part of these financial statements.

Page 13

STOP THE TRAFFIK

(A company limited by guarantee) REGISTERED NUMBER: 6657145

BALANCE SHEET AS AT 31 AUGUST 2023

2023 2023 2022 2022
Note £ £ £ £ £
FIXED ASSETS
Tangible assets 9 982 -
CURRENT ASSETS
Debtors 10 183,385 349,692
Cash at bank and in hand 129,544 448,648
312,929 798,340
CREDITORS:amounts falling due within
one year 11 (192,018) (80,647)
NET CURRENT ASSETS 120,911 717,693
NET ASSETS 121,893 717,693 717,693
CHARITY FUNDS
Unrestricted funds 12 85,520 636,669
Restricted funds 12 36,373 81,024
TOTAL FUNDS 12 121,893 717,693

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 19 February 2024 and were signed on its behalf by:

Geraldine Lawlor Trustee

The notes on pages 16 to 24 form part of these financial statements.

Page 14

STOP THE TRAFFIK

(A company limited by guarantee) REGISTERED NUMBER: 6657145 CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2023

Cash flows from operating activities
Net (expenditure)/income
Adjustments for:
Decrease/(Increase) in debtors
Increase/(Decrease) in creditors
Net cash outflow from operating activities
Cash flows from investing activities
Acquisition of fixed assets
Net decrease in cash in the year
Reconciliation of net cash flow movements to net funds
Net decrease in cash in the year
At 1 September
At 31 August
Consisting of:
Barclays Current Account		 2023
£
(595,800)
166,307
111,371
(318,122)
(982)
(319,104)
(319,104)
448,648
129,544
129,544
129,544		 2022
£
157,835
(246,507)
(16,190)
(104,862)
-
(104,862)
(104,862)
553,510
448,648
448,648
448,648

The notes on pages 16 to 24 form part of these financial statements.

Page 15

STOP THE TRAFFIK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

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 2019. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The financial statements of the company are consolidated in the financial statements of Oasis Charitable Trust. These consolidated financial statements are available from its registered office, 1 Kennington Road, London, SE1 7QP. The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated financial statements. The financial statements present information about the company as an individual entity and not about its group.

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 reviewed all material risks which may impact the organisation’s ability to continue as a going concern, including the current crisis around the increased cost of living. The Directors believe that despite any active risks, the charity remains a going concern. The Directors formed this conclusion by reviewing the financial performance of the organisation with reference to forecast levels of free reserves and cash flow projections. 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

General funds are unrestricted funds which are available for use at the discretion of the Directors in furtherance of the general objectives of the company and which have not been designated for other purposes.

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.

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(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

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

Cash at bank and cash in hand includes cash and 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.

1.10 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment 33%

1.11 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.

1.12 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.

1.13 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.

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(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

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
Restricted
funds
Total
funds
2023
£
2023
£
2023
£
177,695
-
177,695
189,396
220,339
409,735

Total
funds


2022
£

210,385

738,846
367,091
220,339
587,430
949,231
3. INCOME FROM CHARITABLE ACTIVITIES
Unrestricted Restricted Total Total
funds funds funds funds
2023 2023 2023 2022
£ £ £ £
Consultancy income 546,912 - 546,912 438,327
546,912 - 546,912 438,327

4. EXPENDITURE ON RAISING FUNDS

Salary cost on raising funds Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2023
£
2023
£
2023
£
2022
£
15,545
,
15,545
20,006

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STOP THE TRAFFIK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

5. EXPENDITURE ON CHARITABLE ACTIVTIES

Travel and subsistence
Communication costs
Bank charges
Rent and office costs
Sundry expenses
Wages and salaries
National insurance
Pension cost
Recruitment costs
Consultancy
Equipment cost
Website
Grants payable
Depreciation
IT Support Charges
Advertising and publicity
Oasis Charges
Subscriptions
Training costs
Governance costs
Software charges
The costs above are classified as:
Total		 Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
Total
2022
£
£
£
£
6,094
39
6,133
8,371
719
35
754
641
342
-
342
1,756
10,383
-
10,383
6,664
12,431
32
12,463
14,042
999,432
226,620
1,226,052
801,988
107,925
17,852
125,777
80,345
71,493
11,950
83,443
55,361
8,076
-
8,076
-
91,849
7,469
99,318
72,482
876
-
876
18,609
3,592
-
3,592
2,929
-
-
-
5,095
366
-
366
-
50,785
-
50,785
-
1,659
120
1,779
67,389
34,140
-
34,140
36,468
2,438
750
3,188
2,362
396
-
396
1,335
24,176
-
24,176
7,826
22,435
123
22,558
26,054
1,449,607
264,990
1,714,597
1,209,717

Direct
Costs
Support
Costs
Governance
costs
Total
costs
Total
costs
2023
£
2023
£
2023
£
2023
£
2022
£
1,604,691
85,730
24,176
1,714,597
1,209,717

6. GOVERNANCE COSTS

Unrestricted
funds
2023
£
Audit fees
6,750
Accountancy fees
17,426
24,176		 Restricted
funds
2023
£
-
-		 Total
funds
2023
£
6,750
17,426
24,176		 Total
funds
2022
£
4,100
3,726
7,826

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(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

7. NET INCOME

This is stated after charging:

2023 2022
£ £
Auditor’s remuneration 6,750 4,100
Pension costs 83,443 55,361

During the year, no Trustees received any remuneration or any reimbursed expenses.

8. STAFF COSTS

Staff costs were as follows:

Wages and salaries
Social security costs
Other pension costs		 2023
£
1,241,597
125,777
83,443
1,450,817		 2022
£
821,994
80,345
55,361
957,700

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.

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

Charitable activities
Support activities		 2023
30
5
35		 2022
23
4
27

One employee received remuneration amounting to more than £60,000 (2022: 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 £80,377, (2022: £80,613) and this is a cost borne by STT. Trustees did not receive any remuneration or expense reimbursement in either year. The CEO of STOP THE TRAFFIK is also a trustee of Traffik Analysis Hub, and does not receive any remuneration for this role.

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STOP THE TRAFFIK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

9. FIXED ASSETS

Cost
At 1 September 2022
Additions
At 31 August 2023
Depreciation
At 1 September 2023
Charge for the year
At 31 August 2023
Net book value
At 1 September 2022
At 31 August 2023
10.
DEBTORS
Trade debtors
Amounts owed from group undertakings
Prepayments and accrued income
11.
CREDITORS:
Amounts falling due within one year
Trade creditors
Amounts owed to group undertakings
Taxes and social security costs
Accruals and deferred income		 Computer
Equipment
£
-
1,348
1,348
-
366
366
-
982
2023
2022
£
£
74,789
112,015
100,103
112,000
8,493
125,677
183,385
349,692
2023
2022
£
£
7,446
506
-
1,065
70,767
44,463
113,805
34,613
192,018
80,647		 Computer
Equipment
£
-
1,348
1,348
-
366
366
-
982
2023
2022
£
£
74,789
112,015
100,103
112,000
8,493
125,677
183,385
349,692
2023
2022
£
£
7,446
506
-
1,065
70,767
44,463
113,805
34,613
192,018
80,647
2023
£
74,789
100,103
8,493
183,385
2023
£
7,446
-
70,767
113,805
192,018
349,692
2022
£
506
1,065
44,463
34,613
80,647

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STOP THE TRAFFIK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

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
12.
SUMMARY OF FUNDS 2023
Brought
Forward
Incoming
resources
£
£
General funds
636,669
914,003
Restricted funds
81,024
220,339
717,693
1,134,342		 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
12.
SUMMARY OF FUNDS 2023
Brought
Forward
Incoming
resources
£
£
General funds
636,669
914,003
Restricted funds
81,024
220,339
717,693
1,134,342		 2023
£
2022
£
26,447
66,196
77,170
26,447
(26,447)
(66,196)
77,170
26,447
Resources
Expended
Carried
Forward
£
£
(1,465,152)
85,520
(264,990)
36,373
(1,730,142)
121,893
717,693
1,134,342

Restricted funds above relate to restricted projects that are for a specific purpose, including: AMAN Safety funded by Comic Relief, PAN-London Data Project funded by City Bridge Trust, Human Trafficking Data Projects funded by Swire.

SUMMARY OF FUNDS 2022

General funds
Designated funds
Restricted funds		 Brought
Forward
Incoming
Resources
Resources
Expended
Carried
Forward
£
£
£
£
491,674
918,730
(773,735)
636,669
-
177,984
(177,984)
-
68,184
290,844
(278,004)
81,024
559,858
1,387,558
(1,229,723)
717,693

Page 22

STOP THE TRAFFIK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2023

Unrestricted
funds
2023
£
Fixed Assets
982
Current assets
269,861
Creditors due within one year
(185,323)
85,520
ANALYSIS OF NET ASSETS BETWEEN FUNDS 2022
Unrestricted
funds
2022
£
Current assets
711,783
Creditors due within one year
(75,114)
636,669		 Restricted
funds
2023
£
-
43,068
(6,695)
36,373
Restricted
funds
2022
£
86,777
(5,753)
81,024		 Total
funds
2023
£
982
312,929
(192,018)
121,893
Total
funds
2022
£
798,560
(80,867)
717,693

14. ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

The company is a wholly owned subsidiary of Oasis International Association (OIA), a company incorporated in England (registered number 04255992) and a registered charity (1098100). OIA is the immediate parent company and has the power to appoint and remove trustees. Copies of the Oasis International Association financial statements are available from its registered office at 1 Kennington Road, London. SE1 7QP.

Oasis Charitable Trust (OCT) is the Ultimate Parent and is a company incorporated in England (registered number 02818823) and a registered charity (registered charity number 1026487). Oasis Charitable Trust prepares consolidated financial statements which include the results of STOP THE TRAFFIK. Copies of the Oasis Charitable Trust group financial statements are available from its registered office at 1 Kennington Road, London, SE1 7QP.

OCT’s principal objectives are to:

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(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

15. RELATED PARTY TRANSACTIONS

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

16. SUBSIDIARY UNDERTAKINGS

STT is the sole member of TAHub Limited (company number 11451182), a company limited by guarantee. STT’s liability as member of TA Hub is limited to £10. The companies registered address is 35-41 Lower Marsh, London, SE1 7RL. For the year ended 31 August 2023, TA Hub generated income of £216,648 (2022: £518,805). Resulting in a deficit of £133,403 (2022: surplus of £89,646). As at 31 August 2023, TA Hub held gross assets of £189,111 (2022: £349,426) and total funds of £32,114 (2022: £165,517).

17. STATEMENT OF FINANCIAL ACTIVITIES – COMPARATIVES

Note
INCOME FROM:
Donations and legacies
2
Charitable activities
3
TOTAL
EXPENDITURE ON:
Raising funds
4
Charitable activities
5
TOTAL
INCOME/(EXPENDITURE) FOR THE YEAR,
BEING NET MOVEMENT IN FUNDS
Total funds at 1 September 2021
TOTAL FUNDS AT 31 AUGUST 2022		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
funds

2022
£
2022
£
2022
£
2022
£
658,387
-
290,844
949,231
260,343
177,984
-
438,327
918,730
177,984
290,844
1,387,558

20,006
-
-
20,006
753,729
177,984
278,004
1,209,717

773,735
177,984
278,004
1,229,723
144,995
-
12,840
157,835
491,674
-
68,184
559,858
636,669
-
81,024
717,693

Page 24