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2021-12-31-accounts

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST (company limited by guarantee number 09189998 and registered charity number 1162425)

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

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[TM] is the trading name of Young Gamers and Gamblers Education Trust and registered Trademark UK00003114184

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

CONTENTS PAGE

Page
Reference and administrative details of the charity, its trustees and 1
advisors
Report of the Trustees 2 - 12
Independent Auditors’ Report 13 - 15
Consolidated Statement of Financial Activities 16
Consolidated and Charity Balance Sheet 17
Consolidated Cash Flow Statement 18
Notes to the Financial Statements 19 - 34

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

REFERENCE AND ADMINSTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS

ADVISERS
Patrons Paul Bellringer OBE
Anne Evans
Keith Evans
Board of Trustees Mike Wojcik (Chair)
Anne Casey (Vice Chair) (appointed 23 March 2021)
Gabriella Tamas (Treasurer)
Valerie Bozzetto
Hayley Conboy (resigned 23 March 2021)
Patrick David Griffiths (resigned 23 March 2021)
Ayub Khan (resigned 23 March 2021)
Kwaku Owusu-Ansah (appointed 23 March 2021)
Christina Okorocha (appointed 23 March 2021)
Gill White (appointed 23 March 2021)
Company Secretary Lee Willows (resigned 28 September 2021)
Ann Coxall (appointed 28 September 2021)
Principal Officers Lee Willows - Chief Executive Officer (resigned 28 September 2021)
Jane Rigbye – Chief Executive Officer (appointed 17 January 2022)
Helen Martin – Chief Operating Officer
Kev Clelland –Director of Programme Engagement
Caroline Gallagher – Director of Compliance and Quality Assurance
Ian Shanahan – Director of Business Development and Fundraising
Linda Scollins-Smith – Operations Director
Kevin Orchard – People Director
Daniel Bliss - Director of External Affairs
Company reg. no. 09189998
Charity reg. no. 1162425
Registered office 71-75 Shelton Street.
Covent Garden London.
WC2G 9JQ
External Auditors Beever and Struthers
Chartered Accountants and Statutory Auditors
15 Bunhill Row
London
EC1Y 8LP
Solicitors Ropes & Grey LLP
60 Ludgate Hill
London. EC4M 7AW
Principal Bankers Metro Bank
1 Southampton Row
London. WC1B SHA

YGAM[TM] is the trading name of Young Gamers and Gamblers Education Trust and registered Trademark: UK0000311418

1

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

REPORT OF THE TRUSTEES

The Trustees present their report for Young Gamers and Gamblers Education Trust (YGAM) together with the audited consolidated financial statements for the year ended 31 December 2021. This report complies with the requirements of the Charities Act 2011, Charities SORP 2019 and Financial Reporting Standard 102, and is in line with the Companies Act 2006.

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 ‘fewer young and vulnerable people are suffering from gambling or gaming related harms’. In 2021, the final year of its latest 3-year strategic period, YGAM focused on prevention activities to build upon the charity’s core work and establish new pilot programmes aimed at different demographic groups.

YGAM has ensured its programmes and services also contribute to the National Strategy to Reduce Gambling Harms 2019-2021, which is led by the Gambling Commission. YGAM’s social impact contributed to the strategic objective of Prevention and Education, and to the enablers: Collaboration, Evaluation and Research to Inform Action.

Public Benefit

YGAM provides public benefit through the delivery of its objectives and social purpose detailed above, 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.

YGAM continually reviews the research and evidence available on gaming, gambling and related harm, which reinforces the need for its work and continually informs its development.

Since 2011, the Gambling Commission has undertaken an annual Young People and Gambling Survey, a survey of 11-16 year olds across Great Britain which is completed in schools. In 2021, plans for carrying out the survey were cancelled due to uncertainty about when schools would return to the classroom during the Covid-19 pandemic. This has left a gap in the official statistics calendar.

The most recent data comes from the survey conducted in 2020, based on a sample of around 1,600 pupil aged 11-16 in England and Scotland, a smaller sample size than usual. The research found that:

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

REPORT OF THE TRUSTEES

Public Benefit (continued

In the absence of survey data in 2021, the Gambling Commission commissioned exploratory research with a small number of participants to explore the gambling journeys and behaviours of young people and young adults, and found 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. In its advice to the Gambling Commission in 2021, the Advisory Board for Safer Gambling (ABSG) advised that monetised loot boxes should not be available to children, and suggested the government should consider removing them from games that children play, or age-gating them when they are present in games. However, they also acknowledged that the lines between gambling, gaming and online retail are blurred, and therefore proposed that a multi-agency approach is required.

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 Gambling Commission regulates gambling in Great Britain, however there is no dedicated video games regulator 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, and Treatment) list of approved organisations to which gambling companies are permitted to make social responsibility financial contributions in order to meet their licence conditions. YGAM has robust and transparent governance structures in place, including a board that is independent of the gambling industry, which ensures the industry is unable to influence the design and delivery of YGAM programmes. This was scrutinised by the Charity Commission in 2021 following an external concern raised about YGAM’s links to the Betting and Gaming Council (who are the conduit for funding of the Young People’s Gambling Harm Prevention Programme). The Charity Commission investigation found that there were no conflicts of interest present, and that the charity’s independence is maintained.

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

REPORT OF THE TRUSTEES

Achievements and Performance

In the twelve months that this report covers (01 January – 31 December 2021), YGAM has continued to excel in its delivery and impact. The COVID-19 pandemic was a predominant feature for 2021 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 to 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 an increased employee headcount of 37 (increased from 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. YGAM was awarded the IIP Gold standard; BSI ISO:9001 and NCVO Level 2 Trusted Charity Standards, demonstrating our ongoing commitment to invite external scrutiny and evaluation.

YGAM was able to generate funding of £1,985,608 in 2021 (£1,474,954 in 2020), including multi-year funding agreements, which has enabled YGAM to scope, plan and launch additional prevention programmes. These programmes contribute to Great Britain’s National Strategy to Reduce-Gambling Harms and the charity’s work is mapped into the National Strategy which is publicly available on the Gambling Commission’s website.

Young People’s Gambling Harm Prevention Programme (YPGHPP/National Education Programme)

Following the inception of the Education Programme in 2014, the programme has successfully evolved to attract increasing interest from key stakeholders, educational establishments, and family support services. With the award of additional funding to support national provision, this programme evolved into the Young People’s Gambling Harm Prevention Programme; a partnership with GamCare and a shared vision to ensure all young people receive gambling harm prevention education as part of their secondary education. This is a four-year programme covering England, Wales and Northern Ireland, running from January 2020 to December 2023.

Key Highlights:

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

REPORT OF THE TRUSTEES

Achievements and Performance (continued)

Performance:

Parental Engagement

Building on from the previous year, the Parents Team scoped and developed the training offer for

Parents and clearly identified 3 specialist training provisions.

The online YGAM Parents’ Hub also had a revamp to make it more user friendly and allow us to advertise the workshops directly on the page. The first delivery began in March through piloted sessions and was formally launched in May 2021.

Key Highlights:

Performance:

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 with particular emphasis on the Black African Caribbean Communities and South Asian Communities.

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

REPORT OF THE TRUSTEES

Achievements and Performance (continued)

Key Highlights:

Performance:

Mindful Resilience

YGAM has been working in collaboration with Bournemouth University and Betknowmore UK to deliver expert training on harm associated with gambling and gaming, with independent evaluation from the Responsible Gaming Council. The free-to-access training is specifically tailored to the needs of the Health Care professionals and those in training and is informed by lived experience and academic insight. Awarded in Q4 2020, the programme was launched in 2021, led by YGAM’s full-time Clinical Psychologist. The programme has undergone a few key changes in that time, with the departure of our clinical lead in July 2021. We were pleased to welcome a talented programme lead in September 2021 with direct experience in the Health Care Sector to take the programme forward.

Key Highlights:

Performance:

University and Student Engagement Programme

YGAM’s University & Student Engagement programme has grown and further developed during this period. The first half of the year saw content led by students, and students taking up key roles within YGAM, responding to the new ways of working as a result of the impact of COVID-19. In the latter half of the year, we explored the success and used this to help inform and shape the programme for the remainder of 2021 and through to the end of the current funding in December 2022

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

REPORT OF THE TRUSTEES

Achievements and Performance (continued)

Key Highlights:

Safer Gambling Training

In collaboration with Betknowmore UK, City & Guilds, and with independent evaluation from the Responsible Gambling Council, YGAM developed and delivered a digital learning programme aimed at those working in customer-facing roles in the gambling industry. City & Guilds Assured, these programmes cover such topics as Understanding Customer Vulnerabilities; Understanding GamblingRelated harms; Customer Welfare and Enhanced Customer Interactions.

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. Feedback from the digital learning has been very positive and a healthy pipeline of sales is emerging.

Independent evaluation

Whilst YGAM tracks its impact internally in terms of programme performance data, it also ensures that the impact of it work is maximised and continually improved by engaging in external evaluation. The learnings from such evaluations are taken on board in further developing YGAM’s programme offerings. Details of some of the external evaluation work carried out in 2021, and planned for the future, are set out below:

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

REPORT OF THE TRUSTEES

Plans for the Future

Plans to review and refresh YGAMs strategy during 2021 were put on hold following the resignation of the charity’s founding Chief Executive Officer. A one-year business plan was developed to guide the charity’s work in 2022, which set out three key themes, underpinned by five enablers:

Theme 1: Reach and Influence – continuing to deliver high quality education and awareness training to those working with young and vulnerable people, learning from pilot work and capitalising on opportunities to expand our reach in areas such as criminal justice and social care, and establish an initial footing in the gaming and esports sectors.

Theme 2: Evaluation and Knowledge – engaging in robust and independent evaluation of our programmes, supported by reliable, high-quality data, and seeking opportunities that provide added value to our programmes, enabling YGAM to offer thought leadership in the sector.

Theme 3: Content and Education – continuously updating, improving and maintaining the relevance of our educational resources, investing and expanding our digital offer and disseminating knowledge effectively to our stakeholders.

Enablers:

Under the leadership of its new Chief Executive, Dr Jane Rigbye, appointed in January 2022 (see Organisational Structure below), work will continue throughout 2022 to define a new multi-year rolling strategy to be implemented from the start of 2023.

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 during 2021 was derived through this approved funding mechanism and paid to YGAM via corporate donations from licensed operators. A small amount of funding was generated from other sources, such as individuals via JustGiving and Virgin Money Giving. There were no significant fundraising activities from the public in the year.

Going forward YGAM will seek to further diversify its funding streams from other sources, such as trusts and foundations.

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

REPORT OF THE TRUSTEES

Financial Overview

The consolidated results for the year to 31 December 2021 show a surplus of £170,461 (2020: surplus of £386,526). The consolidated Balance Sheet at 31 December 2021 shows a net asset position of £526,224 (2020: net assets of £355,763).

Going forward, YGAM continues to maintain a healthy financial position despite the impact of the global pandemic, and 2022 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 for growth. 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 with a target of six months’ reserves, including a healthy proportion of unrestricted reserves.

Total reserves held at year end were £526,224 (2020: £355,763), of which restricted reserves were £41,805 (2020: £68,434). The number of months’ reserves held at year end was 6.4 months.

Going Concern

The trustees confirm that they have assessed YGAM to be a going concern for at least the coming year. The budget for 2022 includes income of £3.1 million against expenditure of £2.9 million.

As at the end of May 2022, 58% of this budgeted income had already been received in the bank, commitments were in place for a further 19%, and a healthy income pipeline is in place for the remaining 23%.

Looking beyond 2022, the funding for the four-year National Education Programme (£2.9 million in total) is in place until early 2024, whilst the University and Student Education Programme and the Diverse Communities Education Programme are fully funded until the first half of 2023. There are a number of bids in progress for further funding to extend the reach of our programmes. There is also a healthy pipeline of Safer Gambling Operator Training sales.

YGAM is in the fortunate position that the global pandemic had no significant financial impact on the charity, although this situation will continue to be monitored.

Investment management

During 2021 YGAM went out to tender for an investment management company in order to minimise risk to its cash reserves. Investec were appointed and as at year end £500,000 in cash reserves had been deposited with Investec, with a year-end valuation of £515,589.

YGAM’s Board of Trustees takes a prudent approach to safeguarding YGAM’s cash assets, particularly as a significant proportion of these relate to restricted funds. At the same time there is an aspiration to generate a total return on investment above inflation which cannot be achieved by investing in low-risk bank deposits alone.

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

REPORT OF THE TRUSTEES

Financial Review (continued)

YGAM’s investment objectives are as follows:

The Board has agreed an ethical investment policy and will not invest in companies in the following sectors:

Since year end there have been a number of external global factors, such as the war in Ukraine, that have an impact on investment values. The Board continues to monitor the impact of these factors on the invested funds value and will, where necessary, take action to mitigate these risks, for example by realigning the investment portfolio to have a greater proportion of low risk investments.

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 and Sub-Committees

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. The most recent skills audit was carried out at the end of 2021 and a recruitment process has taken place in April 2022 to recruit five new trustees with expertise in finance, fundraising and gaming/e-sports.

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

YGAM ensures that it complies with all key aspects of the Charity Governance Code. To evidence this, during 2021 YGAM attained levels 1 and 2 of the NCVO Trusted Charity Mark which looks at wide ranging aspects of charity governance, as well as other areas of organisational effectiveness.

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

REPORT OF THE TRUSTEES

Structure, Governance and Management (continued)

The oversight of performance and management of risk of each part of the charity's work is supported by the Finance, Audit and Risk (FAR) Committee. Key responsibilities of the FAR Committee include:

The Board maintains close oversight of the overall impact and fundraising performance of the charity, reviewing and approving the budget and tracking financial performance. It maintains oversight of the charity's risk and fiduciary accountabilities, as well as line management of the Chief Executive. The Board is also responsible for approving arrangements for setting pay and remuneration of key personnel. All YGAM salaries are set in accordance with a set of salary scales that have been benchmarked against the relevant sector. The most recent detailed benchmarking exercise was carried out in 2020.

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.

In August 2021 YGAM’s Chief Executive (CEO) and co-Founder, Lee Willows, resigned from his position. In September 2021 YGAM’s Director of Finance, Helen Martin, was promoted by the Board of Trustees to Chief Operating Officer. Helen covered the CEO’s responsibilities on an interim basis until January 2022 when the new CEO, Dr Jane Rigbye, commenced in post following a rigorous recruitment process.

YGAM Innovation is YGAM’s wholly owned subsidiary. During 2021 the Boards of both YGAM and YGAM Innovation agreed that Safer Gambling operator training need not be delivered via the subsidiary company as it is a primary purpose activity. This activity was therefore transferred to the charity and the subsidiary company ceased trading. YGAM Innovation is therefore currently in a dormant state. Plans are in place during 2022 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.

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. The Finance, Audit and Risk (FAR) 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. Where risks have been identified, existing controls over these risks are recorded on the register and any gaps in controls are built into an action plan in order to further mitigate against identified risks. These actions are tracked by the Senior Leadership Team and FAR Committee. The Board retains overall accountability for strategic risk management.

There is 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 is also in place 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.

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

INDEPENDENT AUDITORS’ REPORT

Opinion

We have audited the financial statements of Young Gamers and Gamblers Education Trust “the charity” and its subsidiary (the ‘group’) for the year ended 31 December 2021 which comprise the Consolidated Statement of Financial Activities (incorporating the Income and Expenditure Account), the Consolidated and Charity Balance Sheet, the Consolidated Cash Flow Statement, and the notes to the financial statements. 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 group and charity 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 the provisions available for small entities, in the circumstances set out in note 6 to the financial statements and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s or charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Report of the Trustees, other than the financial statements and our auditor’s report thereon. The group and charity trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, we do not express any form of assurance conclusion thereon.

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.

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

INDEPENDENT AUDITORS’ REPORT

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees’ Responsibilities Statement set out on page 12, the group and charity trustees 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 group and charity trustees are responsible for assessing the charity’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 charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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 specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

14

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

INDEPENDENT AUDITORS’ REPORT

The extent to which the audit was considered capable of detecting irregularities including fraud (continued)

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of noncompliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Beever and Struthers 15 Bunhill Row Chartered Accountants London Statutory Auditor EC1Y 8LP

Date: 27 September 2022

Beever and Struthers is eligible to act as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

15

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (incorporating the Income and Expenditure Account)

Note
INCOME AND ENDOWMENTS
FROM:
Donations and legacies
2
Charitable activities
4
Investments
3
Total income
EXPENDITURE ON:
Costs of generating voluntary
income
5
Charitable activities
5
Total expenditure
Net gain on investments
Net income
6
Transfer between funds
16
Tax on activities
NET MOVEMENT IN FUNDS
RECONCIILIATION OF FUNDS
Total funds at 1 January
16
Total funds at 31 December
16		 Unrestricted
Funds
2021
Restricted
Funds
2021
Total
Funds
2021
Total
Funds
2020
£
£
£
£
354,638
-
354,638
403,888
136,100
1,631,447
1,767,547
1,094,485
1,359
-
1,359
510
492,097
1,631,447
2,123,544
1,498,883
144,957
-
144,957
10,238
199,647
1,624,068
1,823,715
1,102,119
344,604
1,624,068
1,968,672
1,112,357
15,589
-
15,589
-
163,082
7,379
170,461
386,526
34,008
(34,008)
-
-
-
-
-
-
197,090
(26,629)
170,461
386,526
287,329
68,434
355,763
(30,763)
484,419
41,805
526,224
355,763

All of the above results are derived from continuing activities. All gains and losses recognised in the year are included above.

The notes on pages 19 to 34 form an integral part of these financial statements.

16

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST TIEPORT ANO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 CONSOLIDATED AND CHARITY BALANCE SHEET Company limited by guaranlee {reglStered cornpany no. 091899981 Charlty 2021 Group Charlty 2020 Group 2021 2020 FIXED ASSETS Inlangible asseis Tangible asget$ Investments 41,tYJ2 24.274 515,59) 41, 24.274 515, 29.054 30.225 12 13 30,114 680.926 580.925 69.169 69.279 CURRENT ASSETS Debtors Cash at bart and in har#J 14 152.023 152.(r23 I,(￿,779 1,(b2,779 162.378 1.196,747 146,269 1,241.￿7 1.214802 1.214802 1.359.125 1,388.176 Crndltorn: amount• Idllng •J• wlthln on• y￿r 15 (1.269,5041 11,269.S031 11,W,850) {1,091,6921 NET CURRENT ASSETSI{LIABILinE81 164.7021 164.701) 290.276 296.484 TOTAL ASSETS LESS CURRENT UABILITIES TOTAL NET ASSETSIILIABILITIES) 526.224 355,763 sx.224 349.444 366,763 FUNDS Unrestr￿ted lund. SubshI￿ry componi8S General fuThJ 6,320 281,Crf)9 287.329 68.434 3SS.763 484,419 484,419 41,805 526,224 484,419 484.419 41,805 281.010 281.010 68.434 Restricted Funds TOTAL FVNDS 16 For the yw endw 31 Dec8mbor ￿21 CoMp￿Y was enlrtlfrJ io exempticm frrm ajdit und soction 477 d thé Ccfftpan￿S Act )X6 rèlaliro lo sm811 c))nw￿S trArt thè Trust8es' have elected lo hav8 an •Art undgr the ch￿rt￿$ 2011. Dir•¢tyS' r••pon•ibiIrt￿'. members have Th)t requif&J the lo obtain ￿ 8￿rt of rt8 financial 5taiomentJ lor the year in question n acaydarKe wrth 476, The direct¢y$ •thnowl•dgg r•wsI￿lrt￿ for wth th wulr￿￿￿$ of the Acl wrth r&spea aC£(>￿Ing rewtts thg of firwKial $t8ttyn8nts. These financial statements have been Fyepared In aCC(Kd￿ wrth the provi$i¢)ns aFpILgble to compan￿$ ￿"act lo the small clynw￿, regime. The stwnents set cMJt on pw 16 10 34 wor• ar4xoved. 8TrJ W¢h￿'sed tr is￿, by itt8 Board of TnAte8s on 28 Jun8 2022 syl ￿ Iher t*hall by.. Mlke Woiclk - r of Truslo9• Ann• Cas•y- Cha r of TTu$t• 17

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

CONSOLIDATED CASH FLOW STATEMENT

Cash flow from operating activities (note i)
Cash flows from investing activities
Purchase of intangible fixed assets
Purchase of tangible fixed assets
Payments to acquire investments
Return on investment - interest receivable
Cash flows from financing activities
Net increase/ (decrease) in cash and cash equivalents
Cash and cash equivalents at 1 January 2021
Cash and cash equivalents at 31 December 2021
Note i
Surplus for the financial year
Adjustments for:
Amortisation charge
Depreciation charge
(Gain) on investments
Loss on disposal of tangible fixed assets
(Increase) in debtors
Increase in creditors
Investment income
Components of cash and cash equivalents
Cash at bank and in hand
Analysis of changes in net debt/(funds)
2020
£
Borrowings and lease liabilities
-
Total liabilities
-
Cash and cash equivalents
(1,241,907)
Total net debt/(funds)
(1,241,907)		 Cash flow from operating activities (note i)
Cash flows from investing activities
Purchase of intangible fixed assets
Purchase of tangible fixed assets
Payments to acquire investments
Return on investment - interest receivable
Cash flows from financing activities
Net increase/ (decrease) in cash and cash equivalents
Cash and cash equivalents at 1 January 2021
Cash and cash equivalents at 31 December 2021
Note i
Surplus for the financial year
Adjustments for:
Amortisation charge
Depreciation charge
(Gain) on investments
Loss on disposal of tangible fixed assets
(Increase) in debtors
Increase in creditors
Investment income
Components of cash and cash equivalents
Cash at bank and in hand
Analysis of changes in net debt/(funds)
2020
£
Borrowings and lease liabilities
-
Total liabilities
-
Cash and cash equivalents
(1,241,907)
Total net debt/(funds)
(1,241,907)		 2021
£
353,030
(25,695)
(7,822)
(500,000)
1,359
(532,158)
-
(179,128)
1,241,907
1,062,779
170,461
13,687
8,203
(15,589)
5,570
(5,754)
177,811
(1,359)
353,030
2021
£
1,062,779
Cash flows
£
-		 2020
£
1,036,533
(29,054)
(29,818)
-
510
(58,362)
-
978,171
263,736
1,241,907
386,526
-
12,948
-
-
(140,181)
777,750
(510)
1,036,533
2020
£
1,241,907
2021
£
-
- - -
(1,241,907) (179,128) (1,062,779)
(1,241,907) (179,128) (1,062,779)

18

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

LEGAL FORM

Young Gamers and Gamblers Education Trust is a charitable company limited by guarantee registered in England and Wales (company number 09189998, registered charity number 1162425). Its principal activity is stated on page 2 and its registered address is 71-75 Shelton Street, Covent Garden London, WC2G 9JQ.

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared under the historical cost convention. The financial statements have been prepared in accordance with Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice. The presentational currency of the financial statements is Pound Sterling (£).

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 Charities SORP 2019.

1.2 Going concern

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

1.3 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.

1.4 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 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

1.4 Incoming resources (continued

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.

1.5 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.

1.6 Redundancy and termination payments

The best estimate of the expenditure required to settle an obligation for termination benefits is recognised immediately as an expense when the Charity is committed to terminate the employment of an employee or to provide termination benefit

1.7 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.

1.8 Intangible fixed assets

Intangible fixed assets are stated at cost less amortisation. Amortisation 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:

Training web portal

25% reducing balance

1.9 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

1.10 Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the Statement of Financial Activities if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

1.11 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.

20

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

1.12 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.

1.13 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.

1.14 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.

1.15 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.

1.16 Judgements and key sources of estimation uncertainty

The following judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements:

21

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

2. DONATIONS AND LEGACIES – GROUP 2021 2020
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
£ £
£
£
Donations 354,638 -
354,638
392,738
Gifts in Kind - -
-
11,150
354,638 - 354,638
403,888
Comparative donations and legacies 2020 2019
Group and Charity Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
£ £
£
£
Donations 392,738 -
392,738
157,572
Gifts in Kind 11,150 -
11,150
-
403,888 - 403,888
157,572
3. INVESTMENT INCOME – GROUP 2021 2020
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
£ £
£
£
Interest receivable from:
Bank interest 1,359 -
1,359
510
1,359 - 1,359
510
4. INCOME FROM CHARITABLE 2021 2020
ACTIVITIES - GROUP
Unrestricted Restricted Total Total
Funds Funds Funds Funds
£ £ £ £
Grants for services - 1,631,447 1,631,447 1,071,085
Fee income 136,100 - 136,100 23,400
136,100 1,631,447 1,767,547 1,094,485
Comparative income from charitable 2020 2019
activities
Unrestricted Restricted Total Total
Funds Funds Funds Funds
£ £ £ £
Grants for services - 1,071,085 1,071,085 774,749
Fee income 23,400 - 23,400 85,568
23,400 1,071,085 1,094,485 860,317
22

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

5. RESOURCES EXPENDED -
GROUP
Cost of charitable activities
YGAM Innovation Limited
Total charitable activities
Costs of generating voluntary
income
Comparative resources
expended
Cost of charitable activities
YGAM Innovation Limited
Total charitable activities
Costs of generating voluntary
income		 2021
Staff
costs
(note 8)
Other
direct
costs
Support
costs
(note 7)
Total
Costs
£
£
£
£
1,121,159
573,694
235,558
1,930,411
-
8,750
(495)
8,255
1,121,159
582,444
235,063
1,938,666
28,830
982
194
30,006
1,149,989
583,426
235,257
1,968,672
2020
Staff
costs
(note 8)
Other
direct
costs
Support
costs
(note 7)
Total
Costs
£
£
£
£
714,287
262,373
105,956
1,082,616
-
9,762
9,741
19,503
714,287
272,135
115,697
1,102,119
9,085
901
252
10,238
723,372
273,036
115,949
1,112,357		 2020
Total
Costs
£
1,082,616
19,503
1,102,119
10,238
1,112,357
2019
Total
Costs
£
956,919
64,029
1,020,948
83,101
1,104,049
6. RESOURCES EXPENDED INCLUDE - GROUP 2021 2020
£ £
Auditors’ remuneration:
- Audit Fee 6,000 4,500
- Other Services 1,500 1,780
Depreciation charge 8,203 12,948
Amortisation charge 13,687 -

In common with many other organisations of our size and nature we use our auditors to assist with the preparation of the financial statements.

YGAM has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements. The surplus after tax of the Charity for the year was £176,780 (2020: £382,629).

23

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

7a. SUPPORT COSTS - GROUP
IT costs
Recruitment and staff related costs
Premises and office costs
Communication costs
Marketing and development
Professional fees
Consultancy fees
Depreciation and amortisation
Sundry costs
Governance costs (note 7b)
7b. GOVERNANCE COSTS - GROUP
Auditor’s audit fee
Other financial services
Trustees and meeting expenses
8. STAFF NUMBERS AND COSTS - GROUP
Wages and salaries
Social security costs
Pension costs
The average monthly number of employees (head count) during the year
was:
The full time equivalent (based on 37.5 hour week) during the year was:		 2021
£
24,085
36,074
6,834
9,375
13,807
7,717
48,796
27,348
44,002
17,219
235,257
2021
£
7,500
1,800
7,919
17,219
2021
£
1,029,181
100,319
20,489
1,149,989
36
31		 2020
£
10,195
7,287
9,269
13,500
17,830
9,542
-
12,948
28,897
6,481
115,949
2020
£
4,500
1,780
201
6,481
2020
£
651,884
57,018
10,471
719,373
29
21

The number of staff who received an annual remuneration, including pension contributions, in excess of £60,000 during the year were:

f £60,000 during the year were:
2021 2020
No. No.
£70,000 - £80,000 1 1
No employee received more than £80,000 during the year (2020: none)

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 £236,541 (2020: £212,494).

24

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

9. TRUSTEES REMUNERATION AND BENEFITS

During the year. no members of the Board of Trustees received any remuneration (2020: £NIL). No members of the Board of Trustees received reimbursement during the year (2020: one member of the Board of Trustees received reimbursement of travel and IT expenses amounting to £61).

10. 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.

11. INTANGIBLE FIXED ASSETS – GROUP AND CHARITY

Cost:
At 1 January 2021
Additions
At 31 December 2021
Amortisation:
At 1 January 2021
Charge for the Year
At 31 December 2021
Net book value:
At 31 December 2021
At 31 December 2020		 Training
web
portal
Total
£
£
29,054
29,054
25,695
25,695
54,749
54,749
-
-
13,687
13,687
13,687
13,687
41,062
41,062
29,054
29,054

25

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

12. TANGIBLE FIXED ASSETS - GROUP

12. TANGIBLE FIXED ASSETS - GROUP
Cost:
At 1 January 2021
Additions
Disposals
At 31 December 2021
Depreciation:
At 1 January 2021
Charge for the Year
On Disposals
At 31 December 2021
Net book value:
At 31 December 2021
At 31 December 2020
TANGIBLE FIXED ASSETS - CHARITY
Cost:
At 1 January 2021
Additions
Disposals
At 31 December 2021
Depreciation:
At 1 January 2021
Charge for the Year
On Disposals
At 31 December 2021
Net book value:
At 31 December 2021
At 31 December 2020		 Fixture and
fittings
Computer
equipment
£
£
1,365
45,970
-
7,822
(1,365)
(10,598)		 Total
£
47,335
7,822
(11,963)
-
43,194		 43,194
725
16,385
-
8,203
(725)
(5,668)		 17,110
8,203
(6,393)
-
18,920		 18,920
-
24,274		 24,274
640
29,585		 30,225
Fixture and
fittings
Computer
equipment
£
£
1,365
45,637
-
7,822
(1,365)
(10,598)		 Total
£
47,002
7,822
(11,963)
-
42,861		 42,861
725
16,163
-
8,092
(725)
(5,668)		 16,888
8,092
(6,393)
-
18,587		 18,587
-
24,274		 24,274
640
29,474		 30,114

26

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

13. INVESTMENTS
At cost:
Investment in subsidiary (note 13.1)
Listed investments (note 13.2)		 2021
Charity
Group
£
£
1
-
500,000
500,000
500,001
500,000		 2020
Charity
Group
£
£
1
-
-
-
1

13.1 INVESTMENT IN SUBSIDIARY – CHARITY

The investment in subsidiary relates to the wholly owned subsidiary, YGAM Innovations Limited. The results and capital of the wholly owned subsidiary, YGAM Innovation Limited, were as follows.

Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
Net current assets
Net Assets
Capital and Reserves
Called up share capital
Profit and loss account
Total equity
Turnover
Administrative expenses
Operating Profit
Profit before taxation
Tax on Profit
Profit for the financial year		 2021
2020
£
£
14,980
23,400
(8,256)
(19,503)
6,724
3,897
6,724
3,897
-
-
6,724
3,897
2021
2020
£
£
-
111
1
11,182
-
45,161
1
56,343
-
(50,133)
1
6,210
1
6,321
1
1
-
6,320
1
6,321

27

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

13.2 LISTED INVESTMENTS - CHARITY

Listed Investments:
At 1 January 2021
Additions
Gain on revaluation
At 31 December 2021		 2021
£
-
500,000
15,589
515,589		 2020
£
-
-
-
-

The fair value of listed investments is determined by reference to the quoted price for identical assets in an active market at the Balance Sheet date. Investment management costs for the year were £1,959 (2020: £0).

14. DEBTORS

14. DEBTORS
Trade debtors
Due from group undertakings
Prepayments
Other debtors		 2021
2020
Charity
Group
Charity
Group
£
£
£
£
127,528
127,528
94,934
106,114
-
-
27,291
-
24,445
24,445
40,153
40,153
50
50
-
2
152,023
152,023
162,378
146,269

All debtors are due within one year.

28

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

15. CREDITORS DUE WITHIN ONE YEAR
Trade creditors
Deferred income
Corporation tax
Taxation and social security
Other creditors
VAT creditors
Accruals
Deferred income
Balance as at 1 January
Amount released to incoming resources
Amount deferred in the year
Balance as at 31 December		 2021
2020
Charity
Group
Charity
Group
£
£
£
£
16,137
16,137
17,504
17,504
1,137,890
1,137,890
919,292
934,272
-
-
-
512
30,733
30,733
24,373
24,373
33,169
33,169
3,552
3,552
12,931
12,931
-
5,700
38,644
38,643
104,129
105,779
1,269,504
1,269,503
1,068,850
1,091,692
919,292
919,292
268,190
268,190
(1,489,875)
(1,489,875)
(186,652)
(186,652)
1,708,473
1,708,473
837,754
837,754
1,137,890
1,137,890
919,292
919,292

For both 2021 and 2020, income has been deferred in relation to agreed activities under contracts with various parties which cover several years and where activities have not yet been delivered as at the year end.

29

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

16. Fund
reconciliation
Subsidiary
General
Total
unrestricted
funds
Restricted:
Genting re Ed
Man North/CDM
Coventry
Other funds
Caesars re 4 yr
apprenticeship
Playtech, re Head
of Parental
Engagement
GVC re USE
programme
National
Education
Programme
Ascot re Royal
Holloway CDM
Playtech re CEO,
Head of Finance,
Board secretary
Playtech re
Mindful Resilience
London
Playtech re Safer
Gambling
programme
GIG re Safer
Gambling
programme
GVC re Parental
Engagement -
resources
GVC re CRM
development
Entain re Diverse
Communities
programme
Gamesys re CEO
post
William Hill re
mktg, HR, admin,
board clerk
Total restricted
funds
Total funds		 Balance
at
31 Dec
2020
Income
Expenditure
Gain on
Investments
Transfers
Reserves
movement –
gift aid paid
and reserves
transfer
Balance
at
31 Dec
2021
£
£
£
£
£
£
£
6,320
14,980
(8,256)
-
-
(13,044)
-
281,009
477,117
(336,348)
15,589
34,008
13,044
484,419
287,329
492,097
(344,604)
15,589
34,008
-
484,419
-
12,374
(12,374)
-
-
-
-
578
6,410
(6,535)
-
-
-
453
-
12,504
(20,834)
-
8,330
-
-
4,365
40,155
(40,155)
-
-
-
4,365
1,490
87,461
(88,463)
-
-
-
488
12,786
702,913
(679,478)
-
(24,996)
-
11,225
828
4,009
(4,837)
-
-
-
-
568
-
(356)
-
-
-
212
1,316
276,680
(275,926)
-
-
-
2,070
11,838
91,764
(103,602)
-
-
-
-
31,845
21,080
(33,337)
-
-
-
19,588
-
3,697
(3,697)
-
-
-
-
2,820
-
-
-
-
-
2,820
-
242,465
(224,539)
-
(17,342)
-
584
-
50,000
(50,000)
-
-
-
-
-
79,935
(79,935)
-
-
-
-
68,434
1,631,447
(1,624,068)
-
(34,008)
-
41,805
355,763
2,123,544
(1,968,672)
15,589
-
-
526,224

30

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

Comparative Fund
Reconciliation
Subsidiary
General
Total unrestricted
funds
Restricted:
Genting re Ed Man
North/CDM Coventry
Sky re marketing function
Other funds
Caesars re 4 yr
apprenticeship
Playtech, re Head of
Parental Engagement
Colossus re COM QMU
GVC re USE programme
National Education
Programme
Ascot re Royal Holloway
CDM
Playtech re CEO, Head
of Finance, Board
secretary
Playtech re Mindful
Resilience London
Playtech re Safer
Gambling programme
GIG re Safer Gambling
programme
GVC re Parental
Engagement -resources
GVC re CRM
development
Total restricted funds
Total funds		 Balance at
31 Dec 2019
Income
Expenditure
Transfers
Balance at
31 Dec 2020
£
£
£
£
£
2,423
23,400
(19,503)
-
6,320
(38,487)
404,398
(89,747)
4,845
281,009
(36,064)
427,798
(109,250)
4,845
287,329
1,038
31,664
(32,793)
91
-
(916)
4,850
(4,099)
165
-
2,042
-
(1,464)
-
578
71
12,539
(20,395)
7,785
-
2,866
43,136
(41,637)
-
4,365
55
5,836
(6,053)
162
-
145
88,628
(87,283)
-
1,490
-
496,880
(469,627)
(14,467)
12,786
-
6,980
(4,954)
(1,198)
828
-
155,002
(157,051)
2,617
568
-
65,842
(64,526)
-
1,316
-
61,235
(49,397)
-
11,838
-
68,920
(37,075)
-
31,845
-
17,573
(17,573)
-
-
12,000
(9,180)
-
2,820
5,301
1,071,085
(1,003,107)
(4,845)
68,434
(30,763)
1,498,883
(1,112,357)
-
355,763

31

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

The restricted funds are held for the following purposes:

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 objective.

17. ANALYSIS OF NET ASSETS
BETWEEN FUNDS – GROUP
Intangible fixed assets
Tangible fixed assets
Investments
Debtors
Cash
Creditors due within one year		 General Funds
Restricted
Funds
Total Funds
£
£
£
21,472
19,590
41,062
8,834
15,440
24,274
515,589
-
515,589
133,685
18,338
152,023
(73,698)
1,136,477
1,062,779
(121,463)
(1,148,040)
(1,269,503)
484,419
41,805
526,224

Comparative analysis of net assets between funds

Intangible fixed assets
Tangible fixed assets
Debtors
Cash
Creditors due within one year		 General Funds
2020
Restricted
Funds 2020
Total Funds
2020
£
£
£
-
29,054
29,054
10,197
20,028
30,225
15,168
131,101
146,269
418,292
823,615
1,241,907
(156,328)
(935,364)
(1,091,692)
287,329
68,434
355,763

32

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

18. PROVISIONS AND FUNDING COMMITMENTS

The Charity has no recognised funding commitments or provisions as at the 31 December 2021 (2020: none).

19. LEASES

The Charity has not entered into any operating or finance leases during the year to 31 December 2021 (2020: none).

20. PENSION COMMITMENTS

Pension costs in note 8 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 2021 is £4,827 (2020: £3,552).

21. RELATED PARTY TRANSACTIONS

There were no related party transactions during the year to 31 December 2021 (2020: none).

22. FINANCIAL INSTRUMENTS

At the Balance Sheet date the Charity held the following:

Financial assets
Financial assets measured at fair value:
Listed investments
Financial assets measured at cost:
Cash at bank and in hand
Financial assets measured at amortised cost:
Other debtors
Trade debtors
Total financial assets
Financial liabilities
Financial liabilities measured at amortised cost:
Trade creditors
Other creditors
Accruals
Total financial liabilities		 2021
£
2020
£
515,589
-
1,062,779
1,241,908
127,528
94,934
50
-
1,705,946
1,336,842
16,137
17,504
33,169
3,552
38,646
104,129
87,952
125,185

33

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

23. COMPARATIVE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS
FROM:
Donations and legacies
Charitable activities
Investments
Total income
EXPENDITURE ON:
Raising funds
Costs of generating voluntary
income
Charitable activities
Total expenditure
Net income / (expenditure)
Transfer between funds
NET MOVEMENT IN FUNDS
RECONCIILIATION OF FUNDS
Total funds at 1 January
Total funds at 31 December		 Unrestricted
Funds
2020
Restricted
Funds
2020
Total
Funds
2020
Total
Funds
2019
£
£
£
£
403,888
-
403,888
157,572
23,400
1,071,085
1,094,485
860,317
510
-
510
35
427,798
1,071,085
1,498,883
1,017,924
10,238
-
10,238
83,101
99,012
1,003,107
1,102,119
1,020,948
109.250
1,003,107
1,112,357
1,104,049
318,548
67,978
386,526
(86,125)
4,845
(4,845)
-
-
323,393
63,133
386,526
(86,125)
(36,064)
5,301
(30,763)
55,362
287,329
68,434
355,763
(30,763)

34