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2020-12-31-accounts

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST (Company limited by guarantee no. 09189998 registered charity no. 1162425)

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Young Gamers and Gamblers Education Trust 71 – 75 Shelton Street, Covent Garden, London, WC2H 9JQ. www.ygam.org | hello@ygam.org | 0203 837 4963

YGAM™ is the trading name of Young Gamers and Gamblers Education Trust and registered Trademark: UK00003114184.

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST (Company limited by guarantee no. 09189998, registered charity no. 1162425)

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2020 CONTENTS

Page
Legal and administrative information 1
Board of Trustees's report 2
Independent Auditors' Report 13
Consolidated Statement Of Financial Activities 16
Consolidated Balance Sheet 17
Consolidated Cash Flow Statement 18
Notes to the financial statements 19

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY,
ITS TRUSTEES AND ADVISERS
For the year ended 31 December 2020
Patrons Paul Bellringer OBE
Anne Evans
Keith Evans
Board of Trustees Valerie Bozzetto
Hayley Conboy
Patrick David Griffiths (resigned 23 March 2021)
Ayub Khan (resigned 23 March 2021)
Caroline Price (resigned 27 July 2020)
Gabriella Tamas (Treasurer)
Mike Wojcik (Chair)
Bijan White (resigned 6 April 2020)
Company Secretary L Willows
Principal Officers L Willows
Chief Executive Officer
K Clelland
Operations Director
S Calvert-Smith
HR & Administration Manager
H Martin
Director of Finance
D Bliss
Director of External Affairs
Company reg. no. 09189998
Charity reg. no. 1162425
Registered office 71-75 Shelton Street,
Covent Garden
London, WC2G 9JQ
Auditors Knox Cropper LLP
65 Leadenhall Street
London, EC3A 2AD
Solicitors Ropes & Grey LLP
60 Ludgate Hill
London, EC4M 7AW
Bankers Metro Bank
1 Southampton Row
London, WC1B 5HA

YGAM™ is the trading name of Young Gamers and Gamblers Education Trust and registered Trademark: UK00003114184.

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

REPORT OF THE TRUSTEES

For the year ended 31 December 2020

The Board of Trustees, who are also directors of the Company for the purposes of the Companies Act, and trustees for charity law purposes, submit their combined directors’ report and trustees’ annual report and the financial statements of The Charity for the year ended 31 December 2020. The Board of Trustees confirms that the annual report and financial statements of the Company comply with current statutory requirements, the requirements of the Company's governing document and the provisions of the Statement of Recommended Practice (FRS 102).

Objectives and Activities

The charity’s objective and social purpose is to inform, educate, safeguard and build digital resilience amongst young and vulnerable people, helping them make informed decisions and understand the consequences around gambling and gaming .

YGAM strives to:

Through its range of activities, YGAM aims to achieve its vision that ‘all young and vulnerable people are safe from gaming and gambling related harms’ .

In 2019 YGAM revised the way it approached achieving these goals as part of a full review of its strategy. Work continued in 2020, remaining focused on prevention activities to build upon the charities core work and establish new pilot programmes aimed at different demographic groups.

YGAM has specifically looked to ensure its programmes and services also contribute to the National Strategy to Reduce Gambling Harms 2019-2021. In particular, YGAM’s social impact contributes to the strategic objective of Prevention and Education and enablers, Collaboration, Evaluation and Research to Inform Action.

YGAM’s work continues to be underpinned by Values with a slight refocus in its updated strategy.

Public Benefit

The charity’s social purpose is ‘to inform, educate, safeguard and build digital resilience amongst young and vulnerable people, helping them make informed decisions and understand the consequences around gambling and gaming’ . This is how YGAM generates its public benefit and the trustees confirm they have had full regard for the Charity Commission guidance on public benefit when determining YGAM’s strategy and planned activities.

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

REPORT OF THE TRUSTEES

For the year ended 31 December 2020

YGAM continually reviews the research and data available on gaming and gambling and related harm, which reinforces the drivers and need for its work, and continually informs its development. In 2019 the Gambling Commission’s Annual Survey involving around 3,000 young people highlighted that:

YGAM’s own research into university student attitudes to gambling, involving just over 2,000 students in higher education, adds a new dimension to the potential for gambling harm affecting young people:

Gaming addiction is recognised as a mental health condition by the World Health Organisation (WHO). In recent public discussion it is becoming recognised that loot boxes, which allow players to spend real money to buy a mystery pack that unlocks special characters or other advantages within a game, can also increase the risk of younger people developing gambling-type habits and may be linked to problem gambling as they become adults. The Royal Society of Public Health have estimated that nine in ten young people played games that contain loot boxes and four in ten had paid money to open one.

YGAM’s own research with university students delved further into the challenges gaming creates for young people, adding new evidence to the body of data and further reinforcing the drivers for YGAM’s work.

79% of students surveyed said they had played digital games. Students who chose to play digital games did so not only for entertainment but because they gain benefits from gaming, including stress reduction, challenge and social interactions. One third of students said they were not easily able to switch off their digital device(s).

YGAM’s Student Research identified that gaming can affect the quality of academic achievement:

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

REPORT OF THE TRUSTEES

For the year ended 31 December 2020

In working in the sensitive areas of gambling and gaming, YGAM is very clear on its relationship with the gambling and gaming industries. YGAM does not seek to influence the way gambling or gaming is regulated in the UK; YGAM believes that is a function of the regulator. The UK Gambling Commission regulates gambling, however the gaming industry is currently unregulated in the UK.

YGAM is a registered charity and relies on voluntary funding to fulfil its social purpose. YGAM is approved and listed on the Gambling Commission’s published RET (Research, Education Treatment) list of approved organisations to which gambling companies are permitted to make social responsibility financial contributions in order to meet their licence conditions. Gambling Commissions published RET

Achievements and Performance

In the twelve months that this report covers (01 January – 31 December 2020), YGAM has continued to excel in its delivery and impact. The COVID-19 pandemic was a predominant feature for 2020 and the team responded remarkably well to the challenges this presented. More specifically the pandemic facilitated an acceleration of the charity’s digital transformation, moving from face-to-face charitable activity / learning to online digital learning. A combination of a refocused product offering, digital delivery, and the social issues that COVID-19 presented young and vulnerable people has led to an increase in demand for YGAM’s services. This has underlined the relevance and importance of YGAM’s charitable objects in today’s society.

The last Annual Review described the charity as moving from having a sense of a ‘start-up’ organisation delivering services through limited resources to securing funding to extend YGAM’s reach to a national level across England, Wales and Northern Ireland. This step up, coupled with the arrival of fourteen new full-time employees in 2020 (average employee headcount increased from 15 in 2019 to 29 in 2020) has enabled YGAM to establish an infrastructure to maintain the quality and consistency of delivery across the UK and support future growth. Working alongside Investors in People (IIP); British Standards Institute (BSI) and the National Council for Voluntary Organisations, Charities Evaluation Service (NCVO CES) has enabled YGAM to gain valuable insight on how best to build an agile infrastructure, appropriate for our current turnover and future aspirations. This work is not finished yet however being awarded the IIP Gold standard; BSI ISO:9001 and NCVO Level 1 Trusted Charity Standards were just some of the many achievements last year, demonstrating our ongoing commitment to invite external scrutiny and evaluation.

YGAM was able to secure £1,498,883 in 2020 (£1,017,924 was secured in 2019), including several multi-year funding agreements which has enabled YGAM to scope, plan and launch additional prevention programmes. These programmes contribute to the United Kingdom’s National Strategy to Reduce-Gambling Harms and the charities work is mapped into the National Strategy which is publicly available on the Gambling Commission’s website.

National Education Programme

Since its founding in 2014, YGAM’s educational programmes have maintained growth and impact at pace and continue to attract substantive keen interest from education stakeholders. In the financial year to June 2018, YGAM trained / worked with 350 practitioners and organisations to deliver its programme, reaching 55,954 young and vulnerable people. In the following 18-month period to December 2019, the number of new practitioners trained and organisations the charity worked with more than tripled to 1,286. In the 12 months covered by this report, to December 2020, this number

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

REPORT OF THE TRUSTEES

For the year ended 31 December 2020

increased further as the YGAM team trained and worked with 2,906 practitioners and organisations who reached 184,700 young and vulnerable people.

This programme attracted a four-year funding commitment for the period 2020 – 2024 and was reframed to the Young Persons Gambling Harm Prevention Programme that YGAM is leading with partner charity GamCare. Scaling to a full national programme covering all English Regions, Wales and Northern Ireland was not without its challenges. Achieving standardised delivery across all regions was something that the YGAM team had to focus on particularly, as well as working through the operational logistics of having both YGAM & GamCare staff based in the same regions. Achieving operational synergy between both delivery partners has been a learning experience and is now supported by a Service Level Agreement to ensure both charities maximise impact regionally and do not duplicate.

YGAM has always been a charity that is evidence-led and invites external scrutiny and evaluation. This principle continued in 2020 as for the second year running, the charity maintained the City & Guilds Assured quality standard and continued to embed the recommendations from the Clearview Research BAME Audit and NCVO CES Impact Evaluation, further strengthening its Theory of Change, relevance, and impact of educational resources and delivery. Additionally, there was a turning point in 2020 as YGAM received national and international recognition for its education programmes. The team won the prestigious PSHE Education Award at the Children & Young People Now Awards 2020.

The accolade honours organisations that ‘provide outstanding resources to educators for PSHE education, delivering materials and lesson plans that align cohesively with current national curriculum requirements.’ YGAM scooped three further awards at the European Digital Impact Awards, winning two Silver Awards for Best use of Digital from the Education Sector and Best Digital Communications during COVID-19. Finally, YGAM was also awarded a Bronze Award for Best use of Digital by a Charity.

The YGAM brand reached an audience of millions in November when the charity became the free of charge shirt sponsor for Nottingham Forest FC and Queens Park Rangers FC during Safer Gambling Week. This initiative provided the charity with an incredible platform which attracted coverage from national media including Sky Sports.

University and Student Engagement Programme

YGAM’s University & Student Engagement programme has grown in this period, reaching 7,283 students (4,684 students were reached in 2019). Engagement has been shaped by the development of a new student-led team, focussing on the delivery of a series of digital campaigns direct to students, supplemented by the creation of a new Student Hub microsite, developed by students for students. Further support and guidance is offered to university staff across the country via YGAM’s new training offer which looks to increase knowledge and understanding of gaming and gambling related harm and increase awareness of the help and support that is available.

The programme has reached less students than anticipated overall due to COVID-19 and many students not being allowed on campus. The Student Hub which is now live, took longer to populate with content than planned, but now provides a platform as a tool to reach and support a wider audience. 2021 will see a refocus of this programme and YGAM intends to launch a full independent evaluation to inform future development.

Parental Engagement

YGAM has developed a specialist Parent Hub website in Q3 2020 which hosts a collection of free practical tips, interactive activities, and advice to help parents manage their child’s safety online. Using insight and guidance from children, parents and leading academics, the Parent Hub provides support

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

REPORT OF THE TRUSTEES

For the year ended 31 December 2020

and advice for parents on gaming and gambling-related harm and de-mystifies the world of video games by breaking down some of the jargon and terminologies used by children, along with guides about certain games, microtransactions and PEGI ratings. To December 2020 over 2,793 parents had accessed the resources and this programme will be further supported through the delivery of workshops direct to parents, along with carers of looked after children in Q2 2021. This is a really exciting and important initiative developed in response to many requests for such support, and this area of work will continue to grow and develop.

Preventing Gambling Harms in Diverse Communities

In collaboration with TalkGEN CIC, Red Card Gambling Support Project CIC and Clearview Research in Q4 2020 YGAM was awarded a Regulatory Settlement from the Gambling Commission to develop a programme which aims to raise awareness and address the issue of gambling harms which disproportionately affect young & vulnerable people from minority communities. The programme content centres on an understanding of social-cultural and religious contexts on shame and stigma relating to gambling harms. This programme will be launched in 2021 and the charity intends to recruit a purposeful, independent Advisory Group to help steer the programme strategically, positioning it for a potential national rollout with our partners and sharing insights.

Mindful Resilience

YGAM is working in collaboration with Bournemouth University and Betknowmore UK to deliver expert training on gambling, gaming, and digital behavioural addictions to health professionals, with independent evaluation from the Responsible Gaming Council. The free-to-access training is specifically tailored to the modern needs of the NHS and is informed by lived experience and academic insight. Awarded in Q4 2020, the programme will be launched in 2021, led by YGAM’s full-time Clinical Psychologist.

Safer Gambling Training

In collaboration with Betknowmore UK, City & Guilds, and with independent evaluation from the Responsible Gambling Council; YGAM commenced work in Q4 2020 to develop digital learning programmes aimed at colleagues working in customer-facing roles in the gambling industry. City & Guilds Assured, these programmes will cover such topics as Understanding Customer Vulnerabilities; Understanding Gambling-Related harms; Customer Welfare and Enhanced Customer Interactions.

Creating engaging digital content with videos, podcasts, interactive quizzes, professional voiceover, and periodic tests to validate learning was a challenge, especially as Gamification was also embedded to bring the training to life, and all of these elements needed to work seamlessly for the user on different platforms (ie mobile, tablet, laptop). Significant work was also required to achieve a stable Learning Management System (LMS) that automates with YGAM’s Customer Relationship Manager (CRM) Salesforce software. Early 2021 saw the development phase of this project completed and the commencement of delivery. Early feedback from the digital learning has been very positive and a healthy pipeline of sales is in development.

Progress on these new programmes will be reported in next year's report.

Some of YGAM’s 2020 Highlights include:

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

REPORT OF THE TRUSTEES

For the year ended 31 December 2020

YGAM’s Impact

As a charity YGAM’s social purpose matters deeply. In 2020 YGAM worked with Clearview Research to undertake an audit ‘through the lens of the BAME community’. It is important that YGAM looks, feels and is representative of the audience it wants to engage. Key recommendations from the published report in Q4 2020 included:

In 2020, the staff team from YGAM completed embedding all the recommendations from the NCVO CES to independent external evaluation. This evaluation specifically looked at the impact of the charities work on practitioners and young people.

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

REPORT OF THE TRUSTEES

For the year ended 31 December 2020

YGAM knows that, with the support of the YGAM Education Programme, young people are gaining an awareness and understanding of gaming and gambling-related harms. They know where to go for support. The evaluation found strong evidence that young people:

The evaluation also found evidence that young people:

NCVO CES also looked carefully at the experience for practitioners and confirmed that they have benefitted from attending YGAM’s workshops. The evaluation found that around half have been able to communicate YGAM’s messages and use YGAM materials with young people. Strong evidence was identified by NCVO CES that the following outcomes were occurring for practitioners:

In 2021 YGAM and GamCare, as part of the Young Persons Gambling Harm Prevention Programme, will work with the Charities Aid Foundation to independently commission an independent Longitudinal Study into the effectiveness of this programme. Being independent of both the commissioning process and execution of such a study will be a global first and underline the report’s findings and YGAM’s desire for robust independent scrutiny.

Plans for the Future

In Spring 2019 YGAM reviewed and refreshed its strategy. The updated strategy laid out four key goals to December 2021:

2020 saw the charity pursuing these four goals rigorously and, as reported earlier in this report, good progress and valuable learning continued to be made despite the challenges of the COVID-19 pandemenic.

Work will commence in 2021 to define a new strategy for the period 01 January 2022 – 31 December 2026.

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

REPORT OF THE TRUSTEES

For the year ended 31 December 2020

Financial Review

Principal sources of funding

Currently, licensed gambling operators are recommended to make an annual financial contribution to one or more organisation(s) which between them:

Within licensed gambling operators’ licences issued by the Gambling Commission, these recommend a contribution of 0.1% of an operator’s Gross Gambling Yield (GGY) as a voluntary contribution. The majority of YGAM’s charitable income is derived through this approved funding mechanism and paid to YGAM via corporate donations from licensed operators. We have also been fortunate to secure income via Charitable Trusts & Foundations, as well as individuals via JustGiving and Virgin Money Giving.

YGAM actively seeks funding from parties who share the same concerns and ambitions, including charitable trusts & foundations, the gambling industry, gaming industry, and private individuals. Significant funding and in-kind support is received from the gambling and gaming industry.

Financial Overview

The consolidated results for the year to 31 December 2020 show a surplus of £386,526 (2019: deficit of £86,125). The consolidated balance sheet at 31 December 2020 shows a net asset position of £355,763 (2019: net liabilities of £30,763).

Going forward, YGAM continues to maintain a healthy financial position despite the ongoing global pandemic, and 2021 is on track to continue to show positive and sustainable financial results.

Reserves policies

The trustees continue to keep YGAM's reserves policy under review, particularly considering the significant growth in the charity’s work and income in the past year, and the charity’s future plans. This will continue to be reviewed on an annual basis.

The trustees considered the following factors to determine an appropriate level of cash reserve to be held:

The trustees have set a policy of maintaining a minimum three months reserves (£281,839) with a target of six months reserves, including a healthy proportion of unrestricted reserves. As at 31 December 2020, this would amount to a target reserves of £556,178. At the year end, reserves amounted to £355,763. This included unrestricted reserves for the group of £287,329 of which £228,050 were free reserves.

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

REPORT OF THE TRUSTEES

For the year ended 31 December 2020

Going Concern

The trustees confirm that they have assessed YGAM to be a going concern for at least the coming year. The budget for 2021 includes income of £2.5 million against expenditure of £2.5 million. As at the end of March 2021, 62% of this budgeted income had already been received in the bank, commitments were in place for a further 16%, and a healthy income pipeline in place for the remaining 22%.

Looking beyond 2021, the funding for the four year National Education Programme (£2.9 million in total) is in place until the end of 2023, whilst the University and Student Education Programme and the Diverse Communities Education Programme are fully funded until the end of 2022. There are a number of bids in place for further funding to extend the reach of our programmes. There is also a healthy pipeline of Safer Gambling Operator Training sales on the back of investment in the new online training portal.

YGAM is in the fortunate position that the ongoing Covid-19 crisis has had no significant financial impact on the charity, although this situation will continue to be monitored closely.

Structure, Governance and Management

The Young Gamers and Gamblers Education Trust, trading as YGAM, is a company limited by guarantee (0918998) and a registered charity (1162425) in England and Wales. YGAM is also regulated by UK Fundraising Regulator.

Trustee Board

The Board of Trustees is responsible for YGAM’s governance, financial and strategic management.

Trustees are appointed through an open recruitment and selection process for a term of three years. Trustees may be appointed for a maximum of two terms. The Board undertakes regular skills audits to ensure there are a wide range of skills relevant to the work carried out by YGAM.

Trustees are independent and there are no representatives of the gambling or gaming industry on the boards of either YGAM or YGAM Innovation.

Trustees undergo an induction to fully understand YGAM’s work and their role as a trustee. This includes an annual board development day, attendance at a YGAM practitioner training event, meeting the charity’s founders and induction meetings with key staff. A Trustee Handbook lays out the governance structures, responsibilities of a trustee and expectations of behaviour. All trustees are asked to sign a commitment to adhere to the requirements laid out in the Handbook. The Chair leads a board development and review process, including a process of 1:1 reviews with each board member to reflect on their role and effectiveness as a trustee.

During 2020 YGAM commenced the process to be assessed for the NCVO Trusted Charity Mark which looks at wide ranging aspects of charity governance, as well as other areas of organisational effectiveness. YGAM passed Stage 1 of the two stages of this assessment early in 2021 and is on track to achieve Stage 2 later in 2021.

The oversight of performance and management of risk of each part of the charity's work is supported by the Finance Audit and Risk Committee. The Board maintains close oversight of the overall service

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

REPORT OF THE TRUSTEES

For the year ended 31 December 2020

and fundraising performance of the charity, reviewing and approve the budget and tracking financial performance. It maintains oversight of the charity's risk and fiduciary accountabilities and line management of the Chief Executive.

Organisational Structure

Authority for the day to day delivery of the strategy, and oversight of the business of the charity, is delegated to the Chief Executive who works with the Senior Leadership Team to deliver this strategy. The Chief Executive reports to the Chair of the Board. The Chief Executive’s performance is tracked via regular review meetings with the Chair and through quarterly performance reporting on the progress against the strategy to the Board of Trustees.

YGAM Innovation is YGAM’s wholly owned subsidiary. The, Chief Executive of YGAM is appointed as Managing Director of YGAM Innovation. During the latter part of 2020 a review was carried out into whether it was necessary to retain the operations of the trading subsidiary. The principal current activity of the subsidiary is the provision of Safer Gambling Operator Training, however the trustees have taken advice that has confirmed that these activities are classed as primary purpose activities and therefore can be undertaken via YGAM rather than its subsidiary. Plans are in place during 2021 to develop a new multi-year strategy for YGAM therefore the trustees have taken the decision to await the outcome of this strategy work before deciding whether to wind-up the trading subsidiary.

The salary for key management is decided by the Trustees taking into account the skills and experience required, the management responsibilities, the overall budget constraints and a view of what is appropriate as compared to similar roles in the sector in which we work.

Risk Management

The Board of Trustees is responsible for ensuring that YGAM has a robust approach to the management of opportunities and risks. A strategic risk register is maintained and fully reviewed on a regular basis. A separate risk register was created during 2020 to deal with the specific risks around the Covid-19 pandemic. The Finance, Audit and Risk Committee oversees the detailed review and tracking of the charity's risks as part of its delegated authority from the Trustee Board and updates the Board quarterly. The Board retains overall accountability for strategic risk management.

During 2020 a Director of Quality Assurance and Compliance role was created and as a result there is now a thorough process in place for recording and managing risks around ongoing operations and projects via a RAID register (Risks, Assumptions, Issues, Dependencies). This is a live file that is continually updated. Significant issues arising are escalated to the Senior Leadership Team.

A Quality Management System has also been implemented which ensures all business processes throughout the organisation are fully documented as part of management of business continuity risk. A process is also in place to internally audit compliance with agreed processes.

Trustees' responsibilities statement

The Trustees (who are also directors of YGAM for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that

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YOUNG GAMERSAND GAMBLERS EDUCATFON TRUST REPORT OF THE TRUSTEES Forthe year ended 31 December 2020 they gfve a true and fair view of the state of affairs of the tharitable cc¥npany and of the incoming resource5 and application of resources. induding the income and expendlture, of the charitable companyfor that period. In preparing these finandal statements the Trustees are required to: sdect sultable accountin8 policies and then aPP￿thern rnnsistendyi observe the methods and prlnaples in the Charities SORP: make judgments and accounting estimates that are reasonable and pmdent,. prepare the financial statements on the going COn￿M basis Unl￿ it is inappropriate to presume that the charttable company wlll continue in operation. The Trustee5 are responslble for keeping adequate accounting records that are wffloent to Show and explaln the charitable companvs transaction5 and dlsdose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statement5 comply with the Companies Act 2006. They are also responstble for safeguarding the assets of the charitable company and hence for takln8 reasonable steps for the preventlon and detection of fraud and other Irre8ularitiek The Board of Trustees are respon51ble forthe mairrtenance and integrity of the corporate and financlal Information included on the ¢h•ritable companvs webshe. Le8islation in the United Klngdom 80vernSng the preparatlon and dissemlnatlon of flnandal statements may differ from legislation In otherjurisdictions. Dlsclosurn of infornialion to auditor4 Eoch of the persons who are Trusteesat thetlme when thlsTru5tees' report isapproved has confirnled that.. So far as that Tnsstee is aware. there15 no relevant audit inforniation of whlch the ch8rltable company's auditots are unaware, and That Trustee has taken all the Steps that OU8ht to have been taken as a Trustee In order to be aware of any relevant audlt infomi*lon and to e#abllsh that the charkable company's auditor5 are aware of thal lrrfomiat￿n. The Board wish to extend partlcularthanksto YGAhYs Staff. patrons and volunteersforthelrcontinued commitment and hard work to make this another succethl year. Approved and author￿ f(•r155ue byordtt of the bowd on 15 Jw 2021 •nd slgned on Its behalf Glll Whlte- Deixity Chalr of Tntstees

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST (registered company no. 09189998)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOUNG GAMERS AND GAMBLERS EDUCATION TRUST FOR THE YEAR ENDED 31 DECEMBER 2020

We have audited the financial statements of Young Gamers and Gamblers Education Trust (the ‘parent company’) and its subsidiary ('the group') for the period ended 31 December 2020 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Consolidated Statement of Cash flows 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 Financial Reporting Standard 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 group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

Other information

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

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.

/Continued …

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST (registered company no. 09189998) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOUNG GAMERS AND GAMBLERS EDUCATION TRUST FOR THE YEAR ENDED 31 DECEMBER 2020 (Continued)

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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

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

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement in the Trustees' Report, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the 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 group's and parent 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 group or parent company or to cease operations, or have no realistic alternative but to do so.

/Continued …

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST (registered company no. 09189998) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOUNG GAMERS AND GAMBLERS EDUCATION TRUST FOR THE YEAR ENDED 31 DECEMBER 2020 (Continued)

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:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://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 parent 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 parent 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 parent company and the parent company’s members as a body, for our audit work, for this report or for the opinions we have formed.

Richard Billinghurst (Senior Statutory Auditor) For and on behalf of:

Knox Cropper LLP

Chartered Accountants & Statutory Auditors 65 Leadenhall Street, London, EC3A 2AD

15 June 2021

15

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (incorporating the Income and Expenditure Account) For the year ended 31 December 2020

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
2
Charitable activities
4
Investments
3
TOTAL INCOME
EXPENDITURE ON:
Raising funds
Costs of generating voluntary
income
Charitable activities
TOTAL EXPENDITURE
5
Transfer between funds
14
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
TOTAL FUNDS AT 1 JANUARY 2020
19
TOTAL FUNDS AT 31 DECEMBER 2020
Net income/(expenditure)		 Unrestricted
Funds
2020
£
403,888
23,400
510
427,798
10,238
99,012
109,250
318,548
4,845
323,393
(36,064)
287,329
**£ **		 Restricted
Funds
2020
£
-
1,071,085
-
1,071,085
-
1,003,107
1,003,107
67,978
(4,845)
63,133
5,301
68,434
**£ **		 Total
Funds
2020
£
403,888
1,094,485
510		 Total
Funds
2019
£
157,572
860,317
35
1,498,883 1,017,924
10,238
1,102,119		 83,101
1,020,948
1,112,357 1,104,049
386,526
-		 (86,125)
-
386,526
(30,763)		 (86,125)
55,362
355,763
**£ **		 (30,763)
£

16

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST Company limited by guarantee (re8iStered company no. 09189998} CONSOLIDATED BALANCE SHEET As at 31 December 20ZO Notr5 Charity 2020 Croup 2020 Charity 2019 Group 2019 FIXED ASSETS Tangible assets Inve5trnents 10 59,168 59.279 13,133 13,355 59.169 59.279 13,134 13.355 CURRENT ASSET5 Debtors Cash Jt bank and in hand 12 162,378 1,196.747 146,269 1.241.907 27.768 237.814 6.088 263.736 lJ59.125 IJ88.176 265.582 269,824 CREDITOR5: amounts falllng due withln one year 13 (1.068.850) (1,091.6921 (311,901) (313,942) NET CURFIENT ASSETS/ILIA8IUTIESI 290,275 296,484 (46,3191 (44.718) TOTAL ASSETS LESS CURRENT LIABILITIES 349.444 355.763 133.185) (30,763) TOTAL NET ASSETS1(UABILITIES) £ 349,444 £ 355,763 (33.185) £ (30.763) FUNDS Unrestricted fund Subsidiary com General fund anles 14 14 6320 281.009 287,329 68,434 2.423 (38,487) 136,064) 5.301 281.010 281.010 68.434 (38.486) 138.486) 5,301 Restricted funds 349.H4 £ 355.763 (33.185) £ (30.763) The financial statements have been prepared in accordance with the special promsions in Part 15 of the Companies Act 2006 rdating to small companrs and section la of the Financial Reporting Standard 102. The financial statements were approved. and ak*rised for isgje. by the Board of Trustees on 15 lune 2021 and Slgned on their behalf by'.- GILL WHtTL Deputy Chair The annexed notss form partofthese fmanL¥al statements

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

CONSOLIDATED CASH FLOW STATEMENT For the year ended 31 December 2020

Cash flows from operating activities
Surplus/(deficit) for the financial year
Adjustments for:
Depreciation
Increase in debtors
Increase/(decrease) in creditors
Investment income
Cash flows from investing activities
Purchase of tangible fixed assets
Return on investment - interest receivable
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at 1 January 2020
Components of cash and cash equivalents
At 1
January
2020
Cash at bank and in hand
263,736
£
Cash and cash equivalents at 31 December 2020		 2020
£
386,526
12,948
(140,181)
777,750
(510)
1,036,533
(58,872)
510
(58,362)
978,171
263,736
1,241,907
£
Cashflows
978,171
**£ **		 2019
£
(86,125)
7,992
(2,548)
(135,627)
(35)
(216,343)
(13,767)
35
(13,732)
(230,075)
493,811
263,736
£
At 31
December
2020
1,241,907
**£ **

18

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020

1. ACCOUNTING POLICIES

Basis of preparation of financial statements

The financial statements of the charity, which is a public benefit entity under FRS102, have been prepared under the historical cost convention. They have been prepared in accordance with applicable United Kingdom accounting standards, the requirements of the Statement of Recommended Practice 'Accounting and Reporting by Charities' (SORP 2019), in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) applicable to smaller entities (under section1a) and the Companies Act 2006. The presentational currency of the financial statements is Pound Sterling (£).

The Trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.

Group financial statements

These financial statements consolidate the results of the Charity and its wholly-owned subsidiary, YGAM Innovation Limited, on a line by line basis. A separate Statement of Financial Activities for the Charity itself is not presented because the Charity has taken advantage of the exemptions afforded by the Companies Act 2006 and SORP 2019.

Company status

Young Gamers and Gamblers Education Trust is a company limited by guarantee. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objects of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Statutory grants which are given as contributions towards the Charity's core services are treated as unrestricted.

Incoming resources

Revenue grants are credited to incoming resources on the earlier date of when they are received or when they are receivable, unless they relate to a specific future period, in which case they are deferred. All other incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Investment Income is recognised on an accruals basis.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the Charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

19

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020

Donated services are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.

Income tax recoverable in relation to investment income or Gift Aid donations is recognised at the time the relevant income is receivable.

Other income is included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources Expended

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Support costs, including governance costs, which cannot be directly attributed to particular activities, have been apportioned proportionately to the direct staff costs allocated to the activities. Governance costs include the costs of servicing Trustees' meetings, audit and strategic planning.

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Tangible fixed assets and depreciation

All assets costing more than £300 are capitalised.

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:

Fixture and fittings - 25% reducing balance
Computer equipment - 25% reducing balance
Training web portal - 3 year straight line

Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Debtors

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

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.

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.

20

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020

Financial Instruments

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

Pensions

The charity is part of a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

Judgements and key sources of estimation uncertainty

Judgements and key sources of estimation uncertainty are detailed in the above accounting policies, where applicable.

2. DONATIONS AND LEGACIES

Donations
Gift in kind
Comparative donations and legacies
Gift in kind
INVESTMENT INCOME
Interest receivable from:
Bank interest		 Unrestricted
Funds
2020
£
392,738
11,150
403,888
£
Unrestricted
Funds
2019
£
157,572
157,572
£
Unrestricted
Funds
2020
£
510
510
**£ **		 Restricted
Funds
2020
£
-
-
Nil
£
Restricted
Funds
2019
£
-
Nil
£
Restricted
Funds
2020
£
-
Nil
£		 Total
Funds
2020
£
392,738
11,150
403,888
£
Total
Funds
2020
£
510
510
**£ **		 Total
Funds
2019
£
-
157,572
157,572
_£ _
Total
Funds
2019
£
157,572
157,572
_£ _
Total
Funds
2019
£
35
35
_£ _

3. INVESTMENT INCOME

21

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020

4.
INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
Funds
2020
£
Grants for services
-
Fee income
23,400
23,400
£
Comparative income from charitable activities
Unrestricted
Funds
2019
£
Grants for services
157,266
Fee income
85,568
242,834
£
5.
RESOURCES EXPENDED
Staff costs
Other direct
costs
£
£
Cost of charitable activities
Inform, educate and
safeguard young people
against problematice
gambling and social
gaming
714,287
262,373
YGAM Innovation Limited
-
9,762
Total charitable
expenditure
714,287
272,135
Costs of generating
voluntary income
9,085
901
723,372
£
273,036
£
Inform, educate and safeguard young
people against problematice gambling
and social gaming
Inform, educate and safeguard young
people against problematice gambling
and social gaming		 Restricted
Funds
2020
£
1,071,085
-
1,071,085
£
Restricted
Funds
2019
£
617,483
-
617,483
£
Support
costs
£
105,956
9,741
115,697
252
115,949
**£ **		 Total
Funds
2020
£
1,071,085
23,400
1,094,485
£
Total 2020
£
1,082,616
19,503
1,102,119
10,238
1,112,357
**£ **		 Total
Funds
2019
£
774,749
85,568
860,317
_£ _
Total
Funds
2019
£
774,749
85,568
860,317
_£ _
Total 2019
£
956,919
64,029
1,020,948
83,101
1,104,049
_£ _

22

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020

Comparative resources expended
Staff costs
Other direct
costs
£
£
Cost of charitable
activities
Inform, educate and
safeguard young people
against problematice
gambling and social
gaming
249,302
385,461
YGAM Innovation Limited
-
57,947
Total charitable
expenditure
249,302
443,408
Costs of generating
voluntary income
83,101
-
Support costs
125,680
-
458,083
£
443,408
£
Resources expended include:
Auditors’ remuneration:
Audit fee
Other services
Depreciation
- on owned assets
Details of Support costs is given in Note 6.
Details of staff costs are given in Note 7.		 Support
costs
£
322,156
6,082
328,238
-
(125,680)
202,558
£
2020
4,500
1,780
12,948		 Total 2019
£
956,919
64,029
1,020,948
83,101
-
1,104,049
_£ _
2019
5,500
2,650
7,992

6. SUPPORT COSTS

IT costs
Recruitment and staff related costs
Premises and office costs
Communication costs
Marketing and development
Professional fees
Trustees & meeting expenses
Depreciation
Auditors' audit fee
Other financial services
Sundry costs		 Total
2020
£
10,195
7,287
9,269
13,500
17,830
9,542
201
12,948
4,500
1,780
28,897
115,949
**£ **		 Total
2019
£
18,116
29,179
145
19,568
77,312
13,069
4,540
7,992
5,500
2,650
24,487
202,558
_£ _

23

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020

7. STAFF NUMBERS AND COSTS

STAFF NUMBERS AND COSTS
Wages and salaries
Social security costs
Pension costs
The average monthly number of employees (head count) during the
period was:		 2020
£
651,884
57,018
10,471
400,215
£
29.0		 2019
£
415,504
36,869
5,710
458,083
_£ _
15.0

One employee received an annual remuneration in the range of 70,000 - £80,000. In previous year, one employee received an annual remuneration in the range of 60,000 - £70,000

The key management personnel of the Charity are those persons having authority and responsibility for planning, directing and controlling the activities of the Charity, directly or indirectly, including any Trustee of the Charity. In addition to the Trustees, key management personnel includes the Principal Officers. Aggregate remuneration and benefits paid to key management personnel during the year amounted to £212,494 (2019 - £250,756).

8. TRUSTEES REMUNERATION AND BENEFITS

During the year, no members of the Board of Trustees received any remuneration (2019 - £NIL). one members of the Board of Trustees received reimbursement of travel and IT expenses amounting to £61 (2019 - £NIL).

9. TAXATION

Young Gamers and Gamblers Education Trust is a registered charity and is potentially exempt from taxation in respect of income and capital gains received within the categories covered by Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied to charitable purposes.

24

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020

10.
TANGIBLE FIXED ASSETS
Group
Cost
At 1 January 2020
Additions
Disposals
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
On disposals
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019
Charity
Cost
At 1 January 2020
Additions
Disposals
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
On disposals
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019		 Training
web portal
£
-
29,054
-
29,054
-
-
-
-
29,054
£
Nil
£
Training
web portal
£
-
29,054
-
29,054
-
-
-
-
29,054
£
Nil
£		 Fixture and
fittings
£
1,365
-
-
1,365
512
213
-
725
640
£
853
£
Fixture and
fittings
£
1,365
-
-
1,365
512
213
-
725
640
£
853
_£ _		 Computer
equipment
£
24,075
29,818
(7,923)
45,970
11,573
12,735
(7,923)
16,385
29,585
£
12,502
£
Computer
equipment
£
23,742
29,818
(7,923)
45,637
11,462
12,624
(7,923)
16,163
29,474
£
12,280
_£ _		 Total
£
25,440
58,872
(7,923)
76,389
12,085
12,948
(7,923)
17,110
59,279
**£ **
13,355
_£ _
Total
£
25,107
58,872
(7,923)
76,056
11,974
12,837
(7,923)
16,888
59,168
**£ **
13,133
_£ _

25

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020

11. INVESTMENTS

INVESTMENTS
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2020 1
At 31 December 2020 **£ ** 1

The results and capital of the wholy owned subsidiary, YGAM Innovation Limited, were as follows:

Turnover
Trading expenditure
Corporation tax
Profit in the year
Tangible fixed assets
Current assets
Liabilities
Share capital
Profit and loss account
Capital and reserves
12.
DEBTORS
Due within one year
Trade debtors
Due from group undertakings
Prepayments
Other debtors		 Charity
2020
£
94,934
27,291
40,153
-
162,378
**£ **		 Group
2020
£
106,114
-
40,153
2
146,269
**£ **		 2020
£
23,400
(19,503)
3,897
-
3,897
£
111
56,343
56,454
(50,133)
6,321
£
1
6,320
6,321
£
Charity
2019
£
-
21,682
5,163
923
27,768
_£ _		 2019
£
85,568
(85,327)
241
-
241
_£ _
222
25,925
26,147
(23,723)
2,424
_£ _
1
2,423
2,424
_£ _
Group
2019
£
-
-
5,163
925
6,088
_£ _

26

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020

13.
14.		 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Charity
2020
£
Trade creditors
17,504
Due to group undertakings
-
Deferred income
919,292
Corporation tax
-
Social security and other taxes
24,373
Other creditors
3,552
VAT creditors
-
Accruals
104,129
1,068,850
£
Deferred income
Balance at 1 January 2020
268,190
Amount released to incoming resources
(186,652)
Amount deferred in the year
837,754
Balance at 31 December 2020
919,292
£
STATEMENT OF FUNDS
Brought
Incoming
Forward
Resources
£
£
RESTRICTED FUNDS
Genting re Ed Man
North/CDM Coventry
1,038
31,664
Sky re marketing function
(916)
4,850
Other funds
2,042
-
Caesars re 4 yr
apprenticeship
71
12,539
Playtech, re Head of
Parental Engagement
2,866
43,136
Colossus re CDM QMU
55
5,836
GVC re USE programme
145
88,628
National Education
Programme
-
496,880
Ascot re Royal Holloway
CDM
-
6,980
Playtech re CEO, Head of
Fin, Board Sec
-
155,002
Playtech re Mindful
Resilience London
-
65,842
Playtech re Innovation
-
61,235
GIG re Innovation
-
68,920
GVC re Parental
Engagement resources
-
17,573
GVC re CRM development
-
12,000
5,301
£
1,071,085
**£ **		 Group
2020
£
17,504
-
934,272
512
24,373
3,552
5,700
105,779
1,091,692
£
268,190
(186,652)
852,734
934,272
£
Resources
Expended
£
(32,793)
(4,099)
(1,464)
(20,395)
(41,637)
(6,053)
(87,283)
(469,627)
(4,954)
(157,051)
(64,526)
(49,397)
(37,075)
(17,573)
(9,180)
(1,003,107)
£		 Charity
2019
£
7,240
-
268,190
-
18,173
1,385
-
16,913
311,901
£
-
268,190
268,190
£
Transfers
£
91
165
-
7,785
-
162
-
(14,467)
(1,198)
2,617
-
-
-
-
-
(4,845)
£		 Group
2019
£
8,688
-
268,190
512
18,173
1,385
(1,019)
18,013
313,942
_£ _
-
268,190
268,190
_£ _
Carried
Forward
£
-
-
578
-
4,365
-
1,490
12,786
828
568
1,316
11,838
31,845
-
2,820
68,434
**£ **

27

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020

SUMMARY OF FUNDS
Subsidiary companies
General Funds
Restricted Funds		 2,423
(38,487)
(36,064)
5,301
(30,763)
£		 23,400
404,398
427,798
1,071,085
1,498,883
**£ **		 (19,503)
(89,747)
(109,250)
(1,003,107)
(1,112,357)
£		 -
4,845
4,845
(4,845)
Nil
£		 6,320
281,009
287,329
68,434
355,763
**£ **

At the end of each funded programme, and subject to the programme being delivered to the relevant funder’s satisfaction, any remaining unspent funds are transferred to unrestricted funds in furtherance of YGAM’s charitable objectives.

28

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020

Comparative statement of funds

RESTRICTED FUNDS
Caesars
William Hill
Genting re Ed Man
North/CDM Coventry
Paddy Power
Sky re marketing function
Other funds
Microgaming
Sky re Education Manager
- North
Caesars re 4 yr
apprenticeship
Playtech, re Head of
Parental Engagement
Caesars re YPAG & CDM
QMU
Paddy Power - re Ed Man
London & NI
Playtech re Ed Man SE
Colossus re CDM QMU
GVC re USE programme
SUMMARY OF FUNDS
Subsidiary companies
General Funds
Restricted Funds		 Brought
Forward
£
52
-
-
629
-
3,267
3,127
17,655
-
-
-
-
-
-
-
24,730
£
2,182
28,450
30,632
24,730
55,362
£ 		Incoming
Resources
£
3,483
300,000
35,100
19,800
43,650
-
9,553
6,284
4,144
8,219
20,000
44,600
25,600
4,164
92,886
617,483
£
85,568
314,873
400,441
617,483
1,017,924
£ 		Resources
Expended
£
(3,323)
(294,933)
(34,062)
(19,707)
(44,566)
(1,225)
(12,391)
(20,056)
(4,073)
(5,353)
(12,142)
(42,605)
(25,786)
(4,109)
(92,741)
(617,072)
£
(85,327)
(401,650)
(486,977)
(617,072)
(1,104,049)
£		 Transfers
£
(212)
(5,067)
-
(722)
-
-
(289)
(3,883)
-
-
(7,858)
(1,995)
186
-
-
(19,840)
£
-
19,840
19,840
(19,840)
Nil
£		 Carried
Forward
£
-
-
1,038
-
(916)
2,042
-
-
71
2,866
-
-
-
55
145
5,301
£
2,423
(38,487)
(36,064)
5,301
(30,763)
£

29

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible fixed assets
Net current assets		 Unrestricted Funds
Designated
General
Funds
Funds
£
£
-
10,197
-
277,132
Nil
£
287,329
**£ **		 Restricted
Funds
£
49,082
19,352
68,434
**£ **		 Total
Funds
£
59,279
296,484
355,763
**£ **
Comparative analysis of net assets between funds
Unrestricted Funds
Designated
General
Funds
Funds
£
£
Tangible fixed assets
-
10,634
Net current assets
-
(46,698)
Nil
£
(36,064)
£		 Restricted
Funds
£
2,721
2,580
5,301
£ 		Total
Funds
£
13,355
(44,118)
(30,763)
£

16. POST BALANCE SHEET EVENTS

Following the year end, the global pandemic has continued to have an impact on the sector that the Charity operates in, as well as society and the economy as a whole. Whilst the longer-term impacts are not yet fully understood, the Charity continues to take steps to safeguard its business and the welfare of its staff and beneficiaries by carrying out the following:

17. PENSION COMMITMENTS

Pension costs in note 7 relate to payments made to a defined contribution pension scheme. The charitable company’s liability is limited to making the payments due to the scheme on a timely basis. The liability at the 31 December 2020 is £3,552 (2019 : £1,385).

30

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020

18. GOING CONCERN

The trustees confirm that they have assessed the Charity as a going concern for at least the coming year. As of April 2021, 78% of the 2021 funding requirement had already been received or committed in writing.

Looking beyond 2021, the funding for the four year National Education Programme (£2.9 million in total) is in place until the end of 2023, whilst the University and Student Education Programme and the Diverse Communities Education Programme are fully funded until the end of 2022. There are bids in place for further funding to extend the Mindul Resilience Programme to other parts of the country, and to further develop resources for the Safer Gambling Operator Training programme. There is also a healthy pipeline of Safer Gambling Operator Training sales on the back of investment in the new online training portal.

31

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020

19. COMPARATIVE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted d
Total
Funds s
Funds
2020 0
2020
£ £
£
INCOME AND ENDOWMENTS FROM:
Donations and legacies
403,888
Charitable activities
1,094,485
Investments
510
TOTAL
1,498,883
EXPENDITURE ON:
Raising funds
Costs of generating voluntary
income
10,238
Charitable activities
738,485
TOTAL EXPENDITURE
748,723
#REF!
Transfer between funds
-
#REF!
NET MOVEMENT IN FUNDS
#REF!
TOTAL FUNDS AT 1 JULY 2018
(30,763)
TOTAL FUNDS AT 31 DECEMBER 2019
#REF!
Net expenditure
Net outgoing resources before other
recognised gains and losses		 Unrestricted
Funds
2019
£
157,572
242,834
35
400,441
83,101
403,876
486,977
(86,536)
19,840
(66,696)
(66,696)
30,632
(36,064)
£		 Restricted
Funds
2019
£
-
617,483
-		 Total
Funds
2019
£
157,572
860,317
35
617,483 1,017,924
-
617,072		 83,101
1,020,948
617,072 1,104,049
411
(19,840)		 (86,125)
-
(19,429) (86,125)
(19,429)
24,730		 (86,125)
55,362
5,301
_£ _		 (30,763)
£

32