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 2022 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 2022 CONTENTS PAGE |Reference and administrative details of the charity, its trustees and|1| |---|---| |advisors|| |Report of the Trustees|2 - 16| |Independent Auditors’ Report|17 - 19| |Consolidated Statement of Financial Activities|20| |Consolidated and Charity Balance Sheet|21| |Consolidated Cash Flow Statement|22| |Notes to the Financial Statements|23 - 39| YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REFERENCE AND ADMINSTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS |**Patrons**|Paul Bellringer OBE| |---|---| ||Anne Evans| ||Keith Evans| |**Board of Trustees**|Mike Wojcik (Chair)| ||Anne Casey (Vice Chair)| ||Paul Morris (Treasurer, appointed 28 June 2022)| ||Valerie Bozzetto| ||Glen Fendley (appointed 28 June 2022)| ||Anna Greaves (appointed 28 June 2022)| ||David Miller (appointed 28 June 2022)| ||Christina Okorocha| ||Kwaku Owusu-Ansah| ||Clive Reeves (appointed 28 June 2022)| ||Gabriella Tamas (resigned 21 December 2022)| ||Gill White| |**Company Secretary**|Ann Coxall| |**Principal Officers**|Jane Rigbye – Chief Executive Officer (appointed 17 January 2022)| ||Helen Martin – Chief Operating Officer| ||Daniel Bliss - Director of External Affairs| |

|Caroline Gallagher – Director of Digital and Quality Assurance| ||Kevin Orchard – People Director| ||Linda Scollins-Smith – Director of Programmes| ||Ian Shanahan – Director of Business Development and Fundraising| |

**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| ||150 Minories| ||London| ||EC3N 1LS| |**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: UK000031141 1 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 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 2022. 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** Ygam is a charity with a social purpose to inform, educate and safeguard young people against gaming and gambling harms. Founded in 2014 by three people who had experienced the devastating personal impact of gambling harms, and who had professional expertise in youth work and education, the charity has now grown to be the leading youth-focused harm prevention organisation in the gaming and gambling sector. Following the end of a three-year strategic period in December 2021, Ygam’s task during 2022 was to deliver a transitionary one-year business plan as the team engaged with stakeholders to define our purpose and prepare a new rolling three-year strategy to be launched in 2023. ## _Ygam’s 2022 vision_ - Fewer young and vulnerable people are suffering from gambling or gaming-related harms. ## _Ygam’s 2022 mission_ - To raise awareness and understanding of gaming and gambling harms by providing education and training, enabling knowledge dissemination, and engaging in evaluation and research to maximise the reach to young and vulnerable people. Our 2022 Business Plan had three key themes: 1. Reach & Influence - Continue to deliver high quality education and awareness training to those working with young and vulnerable people. - Learn from and where appropriate, build upon Greater London pilots in the health sector and diverse communities. - Seek and capitalise on opportunities to expand our reach in sectors such as criminal justice and social care. - Seek to establish an initial footing in the gaming and eSports sector. 2. Evaluation & Knowledge - Engage in robust and independent evaluation of our programmes supported by reliable and high-quality data. - Seek collaborative and purposeful research opportunities that provide added value to the programme offering. - Provide thought leadership within the sector to disseminate and enhance knowledge of gaming and gambling harms. ## 3. Content & Education - Continuously update, improve, and maintain the relevance of our suite of educational resources. - Seek to invest and expand upon our digital resource and training offering to maximise accessibility and reach. - Enable knowledge development, sharing and dissemination across Ygam and our delivery partners/stakeholders. 2 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REPORT OF THE TRUSTEES Through delivering against these themes, Ygam has endeavoured to raise awareness of gaming and gambling harms amongst those with influence over the lives of young people, improving their understanding, and enabling them to share effective prevention interventions to better safeguard those in their care. ## **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 harms, which reinforces the need for its work and continually informs its development. Today’s young people are growing up in an increasingly digital, online, and connected world. This brings many opportunities, as was seen during the Covid pandemic when education and social interaction was facilitated through online access to people and services. However, this also comes with its challenges and risks. 92% of young people play video games[1] . Over 30% of young gamers say they play for more than 3.5 hours per day, with 8% reporting co-occurring gaming and wellbeing issues[2] , which may include both emotional and financial harm. While gambling does not always take place online, it has become a heavily advertised, visible industry made more accessible through technology, such as smartphones. Almost a third of young people aged 11-16 spend their own money on gambling[3] each year, and 3.3% of 11–16-year-olds are estimated to be experiencing, or be at risk of experiencing, negative impacts due to their own gambling. We know that there are correlations between those experiencing gambling harms and those heavily engaged in gaming. 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. The COVID-19 pandemic and subsequent school closures in 2020 and 2021 meant that the Young People and Gambling survey could not go ahead as usual. However, during this period the Gambling Commission reflected on the way in which they carry out their research with young people, and they put in place improvements for the future. The work carried out by the Gambling Commission made a number of recommendations to change the survey where responses indicated that questions were not well understood or were at the risk of becoming outdated. This resulted in a publication of data which is not directly comparable with data collected in earlier years, but which will form a benchmark against which future waves of research can be measured. The research found that: - 31% of 11–16-year-olds in England and Scotland spent their own money on gambling activities in the twelve months prior to taking part in the survey. - During that period, the most common types of gambling activity that young people spent their own money on were legal or did not feature age restricted products, namely: • playing arcade gaming machines such as penny pusher or claw grab machines (22 percent) - placing a bet for money between friends or family (15 percent) - playing cards with friends or family for money (5 percent). > 1 https://www.alliance-scotland.org.uk/blog/news/new-report-young-peoples-views-on-gambling-andgaming/ > 2 https://pediatrics.jmir.org/2022/4/e41480/ > 3 https://www.gamblingcommission.gov.uk/statistics-and-research/publication/young-people-andgambling-2022 3 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REPORT OF THE TRUSTEES - 23 percent of young people spent their own money on regulated forms of gambling. - The youth-adapted problem gambling screen (DSM-IV-MR-J **[1]** ~~)~~ identified 0.9 percent of 11 to 16 year olds as problem gamblers, 2.4 percent as at risk gamblers and 27.3 percent as nonproblem gamblers. - Most (78 percent) young people who spent their own money gambling in the last 12 months, did so because they regard it as a fun thing to do. Whilst one in five (21 percent) agree that gambling makes them feel happy, more (29 percent) disagreed that it made them happy, and the same proportion (29 percent) were unsure either way. - Three in ten (28 percent) young people had seen family members they live with gamble, of which 7 percent indicated it had resulted in arguments or tension at home. However, one in ten (11 percent) said that gambling by a family member had helped to pay for things at home for example holidays, trips, or clubs. Ygam’s own research into university student attitudes to gambling builds on our previous data on how gambling harm might affect young people. The survey carried out in late 2022 of 2,000 students across the UK revealed that 71% had gambled in the last 12 months. The independent research carried out by Censuswide was a follow up to the 2021 survey commissioned by education charity Ygam and GAMSTOP, the national online self-exclusion service. This year the survey included the Short-form PGSI – a widely used measure of ‘problem gambling’ in the UK population – which enabled the researchers to understand the level of risk experienced by students in the sample. Amongst those students who had gambled in the previous year, 28% were found to be at ‘moderate risk’ and 24% had behaviour categorised as ‘problem gambling’. More than 40% of students have bought cryptocurrency in the last year, which is much higher than the figure for the overall population. We also know that high-quality prevention education initiatives can be effective[4] , particularly when they engage parents and the wider community, and involve interactive and skills-based teaching strategies. The principles of effective practice are transferrable across areas of prevention education. We know that those working in a range of settings with young people already have the skills to deliver effective prevention interventions, but they need greater awareness and knowledge about gaming and gambling harms to enable them to effectively safeguard those in their care. Ygam exists to provide this in an accessible way through training, research, and consultancy services. 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. ## **Achievements and Performance** In the twelve months that this report covers (01 January – 31 December 2022), Ygam has continued to excel in its delivery and impact. The last Annual Review described the charity as being under new leadership and tasked to deliver a transitionary one-year business plan as we defined our purpose and prepared our new rolling three-year strategy to be launched in 2023. Our focus was to consolidate and build on the impact of our existing work, whilst looking to the future. Under this new leadership, and without a clearly defined long-term strategy to act as the North Star, 2022 was set to be an exciting but challenging year for Ygam. > 4 https://pshe-association.org.uk/evidence-and-research-key-principles-of-effective-preventioneducation 6 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REPORT OF THE TRUSTEES The team have risen to the challenge; they have been flexible, inspiring, and creative. They have set the foundations to enable us to deliver programmes which meet the needs of those who have responsibility for safeguarding children and young people, in a way which will deliver continuously improving standards and real impact. We did this at a scale that is estimated to reach over 1.85 million young people, training over 4,300 professionals and 500 parents. We worked across the UK, listening to the voices of lived experience to shape and guide our work, reaching into diverse communities, working through schools, universities, local authorities, healthcare trusts, and sports organisations to share our harm prevention expertise. Through the process of development of the new strategy launched in January 2023, Ygam were able to review progress towards our goals, and to ensure mechanisms were established to ensure that in future years our focus will shift from reporting on outputs to evidencing outcomes, articulating better what the impact is that our work has made to the lives of our ultimate beneficiaries. Ygam was able to generate funding of £2,453,885 in 2022 (£1,985,608 in 2021), which has enabled Ygam to deliver against its 2022 objectives and to scope, plan and launch an ambitious new three-year rolling strategy to guide our work from 2023. ## **Programme delivery** ## **Young People’s Gambling Harm Prevention Programme[5] :** The Young People’s Gambling Harm Prevention Programme was launched in 2020 and is the largest programme of its kind in the UK. Through a partnership between Ygam and GamCare, the programme aims to deliver education, training and support to young people across England, Wales and Northern Ireland, as well as collaborating with other organisations across Scotland. ## **Education and Youth Work Provision:** - We provide CPD training for teachers and youth workers, equipping them with the knowledge, skills, and confidence to deliver awareness sessions to young people about the potential harms of gambling and gaming. - 2994 teachers and youth workers trained, who estimated they will reach 1,314,345 children and young people over the next 12 months. - Outcomes of this work were positive: - 96% Agree or strongly agree that they feel confident about talking to young people about gambling and gaming post-workshop, compared to 33.3% pre-workshop. - 99.6% Agree or strongly agree they understand what gambling and gaming related harm is, post-workshop, compared to 66.6% pre-workshop. - 98.5% Agree or strongly agree they can recognise signs of gambling and gaming harm in young people post-workshop, compared to 31.5% pre-workshop. - 98.1% Agree or strongly agree they can signpost and support young people if they’re concerned about gambling or gaming related harm post-workshop, compared to 25.8% pre-workshop. - Feedback from delegates was also positive: - _“I think this was so informative. The stats on mental health, the exercise looking at exposure to gambling, the advertising kids are exposed to, and the eSports stuff - all so informative.“ -KS3/4 teacher_ > 5 The YPGHPP is delivered in partnership with GamCare and Youth Work Alliance, Northern Ireland. The data reported here relates to only Ygam’s activity as part of the wider programme of work. 6 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REPORT OF THE TRUSTEES - _“My colleagues and I are going to implement the sessions within ICT and PSHE curriculum and I am going to plan an off-timetable day at the beginning of the next academic year.” - SEND teacher_ ## **Parent’s Provision:** ## _**Foster Parents and Early Help Practitioners** :_ Care-experienced individuals often have increased vulnerability to a range of complex issues related to health and wellbeing. Our targeted programme saw 503 foster carers, social workers and early help practitioners trained, who estimated they’ll reach 16,573 children and young people over the next 12 months. - 96.6% said they felt the resources will be useful for their role. - 94.9% said they felt confident spotting the signs of harm following our training. _“A great learning session. Enjoyed and surprised by the information given. We will definitely use this awareness in gaming and gambling going forward in fostering.” Foster parent_ _“This course has taught me so much - the online gaming world is so important in the lives of the young people I look after. I now have much more confidence in being able to start conversations and to be curious about their online worlds.” Foster parent_ _“A very in-depth look at [the effects of] trauma on the brain and support around for harmful gaming/gambling”. Family placement social worker_ ## _**Parent Awareness sessions.**_ - 243 parents attended an awareness session to learn more about gaming and gambling, and there were 17,452 visits to our online Parents Hub: parents.ygam.org. - 93.7% would recommend Ygam to a colleague or friend. - 87.3% felt their knowledge had improved following our training, compared to 17.8% preworkshop. - 94.9% felt confident about spotting signs of gaming and gambling related harm compared to 14.9% pre-workshop. ## _**Families through Adoption.**_ We ran a pilot session for 28 families. - 100% would recommend Ygam to a friend or colleague. - 100% felt their knowledge on gambling and gaming harms had increased due to attending the workshop. - 100% felt confident spotting signs of gaming and gambling related harm, compared to 1.7% pre-workshop. ## **University and Student Engagement:** Working in partnership with GAMSTOP and RecoverMe, Ygam visited 24 universities on the University Gambling Support Tour. 6 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REPORT OF THE TRUSTEES ## **Achievements and Performance (continued)** - 352 university staff were trained, who estimated they will work with 75,275 students on campus over the next 12 months. - 99.3% of staff trained would recommend the workshop to others. - 70% of students had increased knowledge about how gambling affects people because of their interaction with us. - 70% of students felt better prepared to deal with gambling-related harms because of their interaction with us. - Over 70% of those university staff trained agreed that they knew what universities could do to reduce stigma around gaming and gambling as a result of our training. - We also gathered stories about what happened following our training. One student welfare officer shared that: _“I had a discussion with a student who was spending large amounts of money on horse racing. I encouraged them to speak to their family and gave them information on agencies who could help. It was also linked to depression, so I encouraged a visit to the GP.”_ ## **Preventing Gambling Harms in Diverse Communities[6]** This programme offers training and resources aimed at safeguarding young people from ethnic minority populations. The programme content centres on an understanding of socio-cultural and religious contexts on shame and stigma relating to gambling harms. - 94 faith and community leaders attended the training, who estimated that they will reach 30,275 young people in the next 12 months. - 100% of those trained would recommend the workshop to others. - Because of our training: - 98% felt their awareness of the skills and tools that they can use to prevent gaming and gambling harms in their communities had increased. - 100% felt more comfortable in talking to a young person about gaming and gambling. ## **Mindful Resilience** The Mindful Resilience Programme is a pilot initiative designed to enable health care professionals to access quality training on gambling and gaming harms in children and young people. The programme is designed by psychologists and informed by academics, health professionals, and individuals with lived experience. - 876 healthcare professionals were trained who estimated that they will reach 438,000 young people in the next 12 months. - 98.6% rated the workshop ‘Good’ or ‘Very good’. - Following the training, 98.8% felt confident in approaching the issues of gaming and gambling with children and young people, and 99% felt confident signposting children and young people to help and support. - _“Ygam offers an accessible but in-depth course on supporting children and young people where there are gaming or gambling concerns. Most importantly, as a school nurse, it gave me practical knowledge on how I can offer effective guidance and helpful resources at a crucial time in a young person’s development.” School nurse_ - _“As a public health professional, I feel better equipped to take action and help break damaging patterns of behaviour and minimise the risk of future harm.” Public health professional_ > 6 The PGHDC programme is delivered in partnership with the Gambling Education Network/Gambling Harm UK. The data reported here relates to only Ygam’s activity as part of the wider programme of work. 8 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REPORT OF THE TRUSTEES ## **- League Football Education Gaming workshops** 2022 was a successful year for the growth and development of Ygam’s sports portfolio where 325 professionals across 16 sporting genres, from table tennis and handball to football and esports, completed the Young People’s Gambling Harm Prevention Programme, and told us they expected to reach 178,115 children and young people over the next 12 months. By completing the City & Guilds assured training, professionals who attended now have access to over 1,000+ tailored learning resources that can be utilised within their clubs and across their local communities. In addition, young footballers playing for English Football League clubs will have access to education on gaming harms, thanks to a partnership with League Football Education (LFE). 336 academy footballers from 12 different football clubs received workshops on the potential harms of gaming and ways of striking a healthy balance. - 100% of staff from the clubs said they would recommend our training. - 100% said they strongly agree that their understanding of gaming disorder has improved and 100% said they know how and where to get further support to support children and young people in their care. - 100% said they understood the links between gaming and gambling following our workshops. - 94% of the 11-16 year olds agreed that their knowledge about the risks of gaming had increased because of the workshop. - 89% of 16+ year olds either agreed that their knowledge about the risks of gaming had increased because of the workshop. - 100% of 11-16 year olds said they could identify microtransactions and 100% said they understood the risks associated with gaming. - 100% of young people said they would recommend our training. ## **CASE STUDY: Working with Local Authorities and Safeguarding Children Partnerships.** During 2022, Ygam has developed strong relationships with local authorities across the country. A focus has been on delivery in London, with over 600 education staff attending our training from most London boroughs, equating to a reach of over 312,000 young people. The safeguarding leads across all 32 London Safeguarding Children Partnerships have also recognised the importance of educating our children and young people in this area. _‘I really enjoyed the training and I think the resources provided are fantastic - thank you.’ Teacher_ _‘The training is much needed’ Safeguarding Children Partnership Principal Policy & Projects Officer_ _“The training greatly benefitted our safeguarding community, partners and practitioners as the training allowed for a real collaboration of people to come together, to share what knowledge they have, which in turn highlighted areas and room for improvement then and there.” Local Authority Safeguarding professional_ _“The training provided practical solutions and ways to approach these issues in our community and this is exactly what people want from training, they want to walk away with new found knowledge, practical solutions/guidance/signposting and feel confident.“ Local Authority professional_ _“I would strongly encourage other boroughs to get involved with these sessions, it brings the community together and provides knowledge that can be disseminated between colleagues, departments, schools, charities etc., which in turn ensures that your borough is moving in the right direction and that there are people dotted around in the community that know how to recognise and support with gaming & gambling issues or at least know where to signpost to get the support needed.” Local Authority Safeguarding professional_ 8 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REPORT OF THE TRUSTEES ## **Safer Gambling Training[7]** This programme provides gambling industry employees with specialist online and face to face training to strengthen player protection standards and effectively safeguard consumers from gambling-related harm. Six interactive digital training programmes have been developed which cover key topics including customer vulnerability, safeguarding, customer interaction, identifying harm, and employee mental health and well-being. - 338 delegates have attended Safer Gambling Training workshops, either face to face or online, and 1,468 have completed a Safer Gambling Training eLearning programme. - 40 operators were trained. - 94% of delegates would recommend Safer Gambling Training to a colleague. - 96% rated the eLearning courses as ‘Very good’ or ‘Good’. - _“A well-delivered, professional, informative, and fun training. The lived experience really made us think and understand the impact of gambling related harms. Highly recommended.”_ - _“It was a very good workshop! You know it's good when you talk about it with your colleagues on the journey home.”_ ## **Research and evaluation** Since its inception, Ygam has been evidence-led and committed to supporting the further development of the evidence base. During 2022 Ygam worked with the following partners to evaluate our programmes, and to support research activity to better understand what works in gaming and gambling harm prevention. ## _**Research**_ - **Censuswide:** Independent survey published in January 2022, jointly commissioned with GAMSTOP, the national online self-exclusion scheme, looking at the gambling behaviours of UK university students. - **Manchester Metropolitan University:** Supporting staff, students, and the student's union with a student-led intervention and targeted campaign to tackle gambling harm as part of the Communities Addressing Gambling Harms programme in Greater Manchester. - **University of Plymouth:** Knowledge Exchange developing educational material on the financial and psychological harms related to videogaming monetisation, following a series of engagement and planning workshops with specialist local organisations. ## • **University of Bristol:** Evaluating the impact of harm prevention education programmes in reducing the influence of gambling advertising on young people. - **Bournemouth University:** Developing resources and content for healthcare professionals. ## • **Newcastle University** and **Loughborough University:** Supporting in-depth qualitative research into how children and young people engage with, understand, and experience paid reward systems in digital games. - **Wolfson Institute of Population Health, Queen Mary’s University London:** Funding a national research piece on students exploring gaming, gambling and digital life. 7 The Safer Gambling Training programme is delivered in partnership with BetKnowMore UK. 10 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REPORT OF THE TRUSTEES ## _**Evaluation**_ - **ClearView Research Ltd** Evaluation of the Ygam University and Student Engagement programme. - **Rocket Science** Evaluation of Ygam performance against the Young People’s Gambling Harm Prevention Programme targets, including outcomes for practitioners and outcomes for young people. - **Cloud Chamber** Evaluation of the overall delivery of the Young People’s Gambling Harm Prevention Programme. Ygam is committed to publishing the results of all of its research and evaluation activity, and does so via its website when each piece of work is complete. ## **External affairs** Through our marketing and communication activity, we have continued to increase the profile and brand identity of the charity. Securing: - 399,000 social media page and profile impressions - 254,000 social media post impressions During 2022 the charity also underwent a brand review and refresh, with a new logo, look and feel unveiled alongside the publication of the new three-year strategy in January 2023. Ygam have featured in regional, national, and international media including television, radio, newspapers, magazines and podcasts. Ygam continue to engage with Ministers and politicians from all parties to share insight, knowledge, and experience to help inform key policy debates, and have submitted written evidence and responses to several inquiries and consultations. ## **A commitment to quality and excellence** Ygam is committed to reviewing and improving its systems and ways of working. To support our internal review processes, we have sought external review and accreditation for our work to ensure independent insight is received for our programme delivery, which feeds into our cycle of continual improvement. In the last twelve months, we have worked with the following quality assurance providers and standards organisations: - City & Guilds - Assured centre and programme approval - BSI Group - ISO 9001:2015 accreditation - Royal Society for Public Health – Programme accreditation - NCVO Trusted Charity - Fundraising Regulator - Charity Commission - Investors in People - Gold - Armed Forces Covenant Award winners: - National Association for Pastoral Care in Education – Outstanding Contribution to Pastoral Care - • National Children & Young People Awards - Wellbeing Award 10 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REPORT OF THE TRUSTEES ## **Plans for the Future** 2022 was a year of transition for Ygam; whilst we continued our delivery of high quality and impactful programmes to those in a position to care for or influence the wellbeing of children and young people, we were also able to pay particular attention to those likely to experience greater vulnerability to the risks of gaming and gambling. Our work with parents expanded to deliver to those working in foster care and early help, and with adoptive families. We significantly increased our delivery to faith and community leaders, as we know that whilst young people from ethnic minority backgrounds are less likely to gamble, those that do are more likely to experience harm as a result. We worked with healthcare professionals, knowing that those experiencing physical and mental health difficulties may be more likely to experience comorbid gaming or gambling difficulties. Alongside programme delivery, the whole Ygam team worked together during the year to reflect on our purpose, and to focus on the development of our new strategy, launched in January 2023 entitled _“Safeguarding our Digital Generation”_ . This strategy gives us a renewed emphasis on reach and impact, on our role in the gaming and gambling sectors as thought leaders and experts in harm prevention, and on understanding the digital world and the implications of new and emerging technology for the health and wellbeing of our children and young people. We believe that education about the risks related to gaming and gambling should be made available to all children and young people, but we know that some groups will need targeted and specialist support, and so Ygam will continue to work to provide high quality, evidence-based training and resources to all those who need it. Importantly, we have listened to our training delegates about what they want from Ygam and know that regular updates and access to additional training and information and resources are in demand. We will deliver this by working with and through our outstanding delivery partners, and continually learning from those with lived experience of gaming and gambling harms to inform our work. And we know that we cannot deliver exemplary services to others unless we care for ourselves, so we will continue to invest in the support and development of our wonderful, dedicated team. We have identified three strategic pillars, and three enabling pillars, which will move us closer towards delivering our vision and mission. No one pillar is more important than another, and they are all interlinked by common themes. Each pillar is supported by a number of tactics which, delivered together, will help achieve each strategic ambition. REACH AND IMPACT: Expand the breadth, depth and reach of our activities to maximise impact. DIGITAL FUTURES: Recognise how today’s digital world impacts children and young people, understanding the potential benefits and harms, and harnessing innovations to improve their digital future. THOUGHT LEADERSHIP, RESEARCH, AND INNOVATION: Lead with innovative ideas, sharing our opinions, best practice and evidence to push out the frontiers of knowledge and to encourage others to implement effective policy and practice. DIVERSE AND SUSTAINABLE FUNDING: Diversify our range of income streams to ensure Ygam’s budget is fully funded through multiple years, underpinned by sustainable and ethical fundraising models. GREAT PLACE TO WORK: Enable everyone to contribute to a great working culture, where people are valued and empowered to make a difference. OPERATIONAL EXCELLENCE: Enable the charity to succeed through professional and agile business support. 12 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REPORT OF THE TRUSTEES ## _**Implementation**_ “Safeguarding Our Digital Generation” has been designed as a three-year rolling strategy, which will be reviewed and updated on an annual basis. Putting the strategy into action will require ongoing implementation planning. Each year, we will publish our updated Strategy Implementation Plan, reviewing the current operational context and detailing our work for the forthcoming year. We will be clear about our annual goals and the evidence base underpinning our approach to achieving them. ## _**Outcomes and Impact**_ We will report on our progress regularly to the board, and to our stakeholders on an annual basis. We will always be transparent, and when things are not going according to plan, will explore why, review and propose solutions. We will always share the outcomes of research and evaluation. On an annual basis, we will publish an Impact Report showing what we have achieved during the previous year and will include lessons learned to support the development of better practice for all. ## _**Reporting**_ “Safeguarding Our Digital Generation” marks a shift from measuring Ygam’s progress in terms of outputs, and now focuses us on impact for our beneficiaries. The Ygam Theory of Change[8] demonstrates how our work helps to deliver our vision and mission. To demonstrate the quality and effectiveness of the work Ygam does, we will align a monitoring and evaluation approach to enable the capture of a range of data which will help build our impact stories. The board of trustees will ensure a robust, performance-driven approach to both monitoring and evaluation, which will be reviewed at least quarterly. ## **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: - Undertake research into the prevention and treatment of gambling-related harm. - Develop harm prevention approaches. - Identify and fund treatment for those harmed by gambling. 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 2022 was derived through this approved funding mechanism and paid to Ygam via corporate donations from licensed operators. A lesser proportion of funding was generated from other sources, such as individual giving. There were no significant fundraising activities from the public in the year. Going forward, Ygam has identified in its new three-year strategy the need to further diversify its funding streams from other sources, such as trusts and foundations, and has recently invested in expertise to develop this area of fundraising. The recent white paper in relation to the Gambling Act review stated that going forward there will be a statutory levy imposed on gambling operators and we are awaiting the results of the consultation happening over Summer 2023 to establish the mechanics of how this will operate and how Ygam will be able to access funds to continue its work in the long term. > 8 https://www.ygam.org/wp-content/uploads/2023/03/Ygam-Strategy-2023-Safeguarding-Our-DigitalGeneration.pdf p.26 12 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REPORT OF THE TRUSTEES ## _**Financial Overview**_ The results for the year to 31 December 2022 show a surplus of £247,952 (2021: consolidated surplus of £170,461). The Balance Sheet at 31 December 2022 shows a net asset position of £774,174 (2021: consolidated net assets of £526,224). 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: - Management of income volatility. - Provision against future charity commitments beyond the income volatility period. - Reserves against closing down cost. - Saving for future objectives and/or investments. The trustees have set a policy of maintaining a minimum six months of free reserves. Total reserves held at year end were £774,172 (2021: £526,224), of which restricted reserves were £26,829 (2020: £41,805). The number of months of free reserves held at year end was 7.9 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 2023 includes income of £4 million against expenditure of £3.8 million. As at the end of May 2023, 42% of this budgeted income had already been received in the bank, commitments were in place for a further 20%, and a healthy income pipeline is in place for the remaining 38%. Looking beyond 2023, the funding for the four-year Young People’s Gambling Harm Prevention Programme (£2.9 million in total) is in place until early 2024 and we are in advanced discussions to extend this on a longer term basis; the Mindful Resilience Programme is funded until the end of 2024; and the University and Student Engagement programme is funded until mid-2026. The Diverse Communities Programme is funded until August 2023 and we are actively seeking funding to extend this programme further. There are a number of bids in progress for further funding to extend the reach of our programmes and to fulfil the objectives set out in our new strategy. There is also a healthy pipeline of Safer Gambling Operator Training sales. We are expecting the introduction of the statutory levy announced in the recent white paper to lead to longer term security of funding for Ygam. ## _**Investment management**_ Ygam’s investment objectives are as follows: - To achieve the optimum total financial return whilst aligning with the Board’s risk appetite. - To invest a proportion of funds in instruments which are realisable at short notice to meet unanticipated cash flow requirements. - To obtain maximum value for money with regard to external investment management fees. The Board has agreed an ethical investment policy and will not invest in companies in the following sectors: - Tobacco and/or tobacco related products. - Gambling. 14 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REPORT OF THE TRUSTEES - Gaming. - • Alcohol • Pornography/Arms dealing. • Unethical financial lending, ie pay-day loans. Ygam’s Board of Trustees takes a prudent approach to safeguarding the charity’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. Ygam therefore invests a proportion of its cash reserves, approximately equating to its free reserves, in funds managed by Investec. Whilst the strategy is to invest these to achieve growth in the long term, the funds can be liquidated at short notice should this be required. The recent turbulence in global financial markets, and the impact on inflation, has resulted in investment values falling in the short term. The Finance, Audit and Risk (FAR) Committee and Board undertook a thorough review of Ygam’s investment strategy during Autumn 2022 and agreed that whilst there was turbulence in the short term, in the long term there is expected to be growth in the value of investments and that therefore the existing investment strategy should continue to be pursued. Ygam continues to receive a significant proportion of its funding in advance and a decision has therefore been made in March 2023 to open up a separate low risk instant access Investec money market portfolio which provides a greater return than interest from bank deposits and has the added benefit of reducing the risk of holding more than £85k in any single financial institution. ## **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. A recruitment process took place in April 2022 to recruit five new trustees with expertise in finance, fundraising and gaming/esports. The most recent skills audit was carried out in March 2023. Trustees are independent and there are no representatives of the gambling or gaming industry on the Ygam board. Trustees undergo an induction to fully understand Ygam’s work and their role as a trustee. This includes 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. Ygam will be reassessed against this or similar standards in 2024. 14 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 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 FAR Committee. Key responsibilities of the FAR Committee include: - Review of financial reports and budgets, and making recommendations on these to the Board. - Oversight of the charity’s investments and ensuring these comply with the agreed Investment Management Strategy. - Review and oversight of the strategic risk register. - Review of the adequacy and effectiveness of Ygam processes and internal controls. - Review of results of external and internal audits. - Selection and appointment of auditors, bankers and investment managers. 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 (SLT) 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 January 2022 Ygam’s new Chief Executive, Dr Jane Rigbye, commenced in post following a rigorous recruitment process. Until late 2022, Ygam Innovation Ltd was 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 and became dormant, pending a decision on its future. Following the work on Ygam’s new three year strategy it was agreed by the Board that the subsidiary company was no longer required and the company has therefore now been dissolved. ## **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 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 SLT and FAR Committee. The Board retains overall accountability for strategic risk management. As part of the development of Ygam’s new three year strategy a detailed review was carried out of risks that have the potential to impact on the delivery of the strategy. As a result of this work, an updated strategic risk register was produced by SLT and reviewed and approved by the FAR Committee and Board early in 2023. 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 SLT and, where appropriate, are recorded on the strategic risk register. A Quality Management System (QMS) 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. The QMS is currently undergoing a review and is being transferred to a new Help Hub on Ygam Connect (Ygam’s new Sharepoint system). 15 UMG GAMERS AND GAMBLERS EDUCATION TRUST REPORT ANO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 The trustees Iwho are also directors of Gamers and G￿blerS Educatscffl TnJst for the purposes of company18wI are responsiblo fry pr8panr4J Ihe Repcyt of the Tru51ees ar￿ the financial statements in 8cCOrd￿ wilh ¥)pli¢abb Iw and Unbted Ac£ounting Statijards (Unrted Kingdom G•nora1￿ A￿pIed Pr*tto). Company 18w requires th8 trustees to fwwKy81 S1atwn￿ts fe¢ èath fmancial year. UTrJ8r cnrnpany tnjslags rnU$t rnt apFKDVa finar￿1 statements unkns t￿Y are satisfi￿1 that they gtve a tnje faw viaw of the state of affairs of Iho tharrtable cc¥npany aTrJ of the inecffling resources and applution of resources, i￿L￿aing the inLX)me 8X￿nd￿Ure, of the chari￿le cwipwry for thal period In weparing these finanoal statements, Ihg trusieos ￿ rewirad to. select suitable polKies aTrJ thon •iply them C£￿SIstenIty, observe Ihe mettv)ds •KI in lh8 chan{￿ SORP 2019 {FRS 1021, makè iudgemanls 8rbJ 8Stinat8s tr￿ reasonable arvJ W￿jen1,. stale whether ryplublg UK A￿)ntry Standards have t￿n fol￿w•d, sutpct lo any malerkgl depart￿6$ discios&J aTra eXpk9w￿d li the finwoal statem￿￿,. WKI prepare the financial slatOrn•lts gonJ Cont￿ basis Un￿8$ it i8 In￿prOPrIate to Iru81ees are re¥)0n8￿￿ for kwwvJ r8cud8 tr￿t discloso wrth r8asonablo acoJraGy at ony limè thè fmnual FositK)n of the chwIlab￿ ￿rnPany and thtyn lo ensure that the fin￿e181 slatemenls wth ts Cc¥np￿￿S 2Cth Thèy are 8180 re13F￿sible for safggu&rdino the assets of t￿ chantth ojnpany aTrJ taking r•as¢Thb￿ 818ps lor th and d8lectKJn offrwjd othw ¥rewlwrtw. In $0 far as the Iruslees are aware. there is no rebyanl audit the (*wrtth c(¥npanYs wJitty 1$ unawwe," f the Irustaès have t8ken all steps that tlw Wi lo tak￿ to m8k• Ih6msolv85 aware ol y re￿￿1 8th1rt ttknalfr)n to 8*ablMh ttlal the •w8r• (rf that Inlomialion. The tru¥tw arè rnsponsIb￿ tr* maw)tenwK• aTrJ intwity of Iho oypcYalO and finanoal Informal¥)n induded ￿ tho thwitabb c4xmp￿￿$ wobsrt8. L•gAlat￿n wi tho United ￿'n9d￿ 90¥oming IP preparation and di$88mnalN)n d financial statements may dthr frLYn1ogisW'M in othw junsdictions. Th• 808rd wish to èxtend partm￿lar Itwthj lo Ygwn's ¥t4r, patr(xi8 arn1 ¥oluntOgf¥ for th•K continugd cornmitm￿t ar*J hard lo make this onothw 8￿X8$S￿Jl y8v. Approv•d Ind wtho1￿ for l••u• by onl•r of th• board on 27 Jun• 2023 and •lgn•d on Its b•half by: Mlko Wojclk . Chalr ol Tru•tw• Ann• Caty- 1￿￿jfy Chalr of Trusi••• 16 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF YOUNG GAMERS AND GAMBLERS EDUCATION TRUST ## **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 2022 which comprise the Consolidated Statement of Financial Activities (incorporating the Income and Expenditure Account), the Consolidated and Charity Balance Sheet, the Charity and 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: - give a true and fair view of the state of the group’s and of the charity’s affairs as at 31 December 2022 and of the group’s and charity’s income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Charities Act 2011. ## **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. 17 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF YOUNG GAMERS AND GAMBLERS EDUCATION TRUST ## **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: - the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or - proper accounting records have not been kept by the charity; or - the charity financial statements are not in agreement with the accounting records; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of trustees** As explained more fully in the Trustees’ Responsibilities Statement set out on page 16, 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: - the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. - we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the charity sector. - we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, the Charities Act 2011, taxation legislation, employment, and health and safety legislation. 18 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF YOUNG GAMERS AND GAMBLERS EDUCATION TRUST ## **The extent to which the audit was considered capable of detecting irregularities including fraud (continued)** - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence. - identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures on to identify any unusual or unexpected relationships. - tested journal entries to identify unusual transactions. - assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias. - investigated the rationale behind significant or unusual transactions. 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** 150 Minories **Chartered Accountants** London **Statutory Auditor** EC3N 1LS ## **Date:** 13 September 2023 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. 19 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (incorporating the Income and Expenditure Account) |||**Unrestricted**|**Restricted**|**Total**|**Total**| |---|---|---|---|---|---| |||**Funds**|**Funds**|**Funds**|**Funds**| |||**2022**|**2022**|**2022**|**2021**| ||**Note**|**£**|**£**|**£**|**£**| |**INCOME AND ENDOWMENTS**|||||| |**FROM:**|||||| |Donations and legacies|2|973,524|-|973,524|354,638| |Charitable activities|4|183,573|1,486,730|1,670,303|1,767,547| |Investments|3|2,034|-|2,034|1,359| |**Total income**||**1,159,131**|**1,486,730**|**2,645,861**|**2,123,544**| |**EXPENDITURE ON:**|||||| |Costs of generating voluntary|5|118,111|-|118,111|30,006| |income|||||| |Charitable activities|5|761,868|1,429,273|2,191,141|1,938,666| |**Total expenditure**||**879,979**|**1,429,273**|**2,309,252**|**1,968,672**| |Net (loss)/gain on investments||(88,659)|-|(88,659)|15,589| |**Net income**|6|**190,493**|**57,457**|**247,950**|**170,461**| |Transfer between funds|16|72,429|(72,429)|-|-| |**NET MOVEMENT IN FUNDS**||**262,922**|**(14,972)**|**247,950**|**170,461**| |**RECONCILIATION OF FUNDS**|||||| |Total funds at 1 January|16|484,419|41,805|526,224|355,763| |**Total funds at 31 December**|16|**747,341**|**26,833**|**774,174**|**526,224**| 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 23 to 39 form an integral part of these financial statements. 20 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 0ECEM8ER mpany lim ItO¢J by guarantee Iregisier*d company 1899981 Charfty 2022 Group 2022 Charity 2021 Gr¢￿P 2021 FIXED ASSETS Intangible 8556ts Tangrble assets Investsnents 11 12 13 21.653 21,653 39,89) 676,930 41,C62 24.274 515,59) 41.CE2 24.274 515,589 676.931 n8,474 738.473 580,926 $80.92S CURRENT ASSETS Debtors Cash at hwKI 14 139,637 524.545 139,637 524,545 152,023 1,L%2,779 152,023 1.(E2,779 4182 6H181 1,214802 1.214802 Cr•dltorn: amounts fdllng du• wlthln on• y••r 15 1628,4821 1628,481) (1,269.5041 {1.269,5031 NET CURRENT ASSETSI{UABIUTIE8 136.7CAII 136.701) {64.7021 154.7011 TOTAL ASSETS LE&8 CURRENT LIABILITIES 774,174 774,174 526,224 528,224 TOTAL NET ASSETSI{UABILITIES) T14174 774,174 620,224 626.224 FUNDS Unfeslricted furKI'. Subsidiary companies Genwal fvnd 18 747.341 747.341 484.419 747,341 747,341 484,419 26,833 26,833 41.￿5 774,174 774174 526,224 484,419 484.419 41,805 628,224 Reslriclod Funds TOTAL FUNDS For Ihe yew endro 31 t)ecemt*r 2Q22 compary was gntrtbj lo •xemptw frcon ￿di1 und 8e¢tffi 477 of the Companies Act 2C￿ rn18try lo gmall aynw￿, the Truslo9s' ha￿ 9￿Cl•d lo have an audit undgr Its Chgrrties Acl 2011. Dire¢tor8' roS￿SibilIt￿3.. Th• mombers hav• f8quw&g th6 ctsmpany to obtain an 8￿JIt d rt￿￿￿81 8latemeri$ for th8 year in queslw)n n acccvdance wth seC1h￿ 476," The directors ackn(M18dg8 thew re$F￿￿t)lItt￿s fcf ¢OnPtyffwJ with ts ￿)ubr&￿entS of tho k¢ with rgSFOCt acmnting rectsds aThJ the wep8ratKn of fin￿81 sta1￿0nts. These financial statements have been in acOYd￿ with provisms appI￿ab￿ lo cLYmpanies Subject lo Iho smo11 wima The financi81 statements Set Èxrt cffl peges 23 to 39 worg apyo¥od. aThJ authorisod for is*￿, by the Board of Truslaes on 27 June 2023 sigm1 they behaw by". Ik• WoJcik- Ctt￿r of Truth Ann• C•••y- Ch￿r of Trn•t• 21 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 CHARITY AND 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 (decrease)/increase in cash and cash equivalents**
Cash and cash equivalents at 1 January 2022
**Cash and cash equivalents at 31 December 2022**
**Note i**
Surplus for the financial year
Adjustments for:
Amortisation charge
Depreciation charge
Loss/(Gain) on investments
Loss on disposal of tangible fixed assets
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Investment income
**Components of cash and cash equivalents**
Cash at bank and in hand
**Analysis of changes in net debt/(funds)**
Borrowings and lease liabilities
Total liabilities
Cash and cash equivalents
**Total net debt/(funds)**|
**2021**
**£**
-||**2022**
**£**
**(269,537)**
(12,125)
(8,606)
(250,000)
2,034
**(268,697)**
**-**
**(538,234)**
**1,062,779**
**524,545**
247,950
13,297
7,218
88,659
4,009
12,386
(641,022)
(2,034)
**(269,537)**
**2022**
**£**
524,545
**Cash flows**
**£**
-|**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
**2022**
**£**
-| ||-
(1,062,779)||-
538,234|-
(524,545)| ||**(1,062,779)**||**538,234**|**(524,545)**| The notes on pages 23 to 39 form an integral part of these financial statements. 22 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 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. 23 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 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. 24 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 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: - Depreciation rates for tangible fixed assets - Amortisation rates for intangible fixed assets 25 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS ## **2. DONATIONS AND LEGACIES – GROUP AND CHARITY** |||**2022**||**2021**| |---|---|---|---|---| ||**Unrestricted**|**Restricted**|**Total**|**Total**| ||**Funds**|**Funds**|**Funds**|**Funds**| ||**£**|**£**|**£**|£| |Donations|967,524|-|967,524|354,638| |Gifts in Kind|6,000|-|6,000|-| ||**973,524**|**-**|**973,524**|**354,638**| |**Comparative donations and legacies**||**2021**||**2020**| |Group and Charity|**Unrestricted**|**Restricted**|**Total**|**Total**| ||**Funds**|**Funds**|**Funds**|**Funds**| ||**£**|**£**|**£**|£| |Donations|354,638|-|354,638|392,738| |Gifts in Kind|-|-|-|11,150| ||**354,638**|**-**|**354,638**|**403,388**| |**. INVESTMENT INCOME – GROUP AND**|**CHARITY**|||| |||**2022**||**2021**| ||**Unrestricted**|**Restricted**|**Total**|**Total**| ||**Funds**|**Funds**|**Funds**|
**Funds**| ||**£**|**£**|**£**|£| |Interest receivable from:||||| |Bank interest|2,034|-|2,034|1,359| ||**2,034**|**-**|**2,034**|**1,359**| ## **3. INVESTMENT INCOME – GROUP AND CHARITY** All bank interest in 2021 related to unrestricted funds. **4. INCOME FROM CHARITABLE ACTIVITIES – GROUP AND CHARITY** |Grants for services
Fee income
**Comparative income from charitable**
**activities**
Grants for services
Fee income|**2022**
**2021**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
**£**
£
-
1,486,730
1,486,730
1,631,447
183,573
-
183,573
136,100| |---|---| ||**183,573**
**1,486,730**
**1,670,303**
**1,767,547**| ||**2021**
**2020**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
**£**
£
-
1,631,447
1,631,447
1,071,085
136,100
-
136,100
23,400| ||26
136,100
1,631,447**1,767,547**
**1,094,485**| YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS ## **5. RESOURCES EXPENDED – GROUP AND CHARITY** |**2022**
**Staff**
**costs**
**(note 8)**
**Other**
**direct**
**costs**
**Support**
**costs**
**(note 7)**
**Total**
**Costs**
**£**
**£**
**£**
**£**
Cost of charitable activities
1,472,244
435,814
283,083
2,191,141
YGAM Innovation Limited
-
-
-
-
Total charitable activities
1,472,244
435,814
283,083
2,191,141
Costs of generating voluntary
income
103,486
12,987
1,638
118,111
**1,575,730**
**448,801**
**284,721**
**2,309,252**
**Comparative resources**
**expended**
**2021**
**Staff**
**costs**
**(note 8)**
**Other**
**direct**
**costs**
**Support**
**costs**
**(note 7)**
**Total**
**Costs**
**£**
**£**
**£**
**£**
Cost of charitable activities
1,121,159
573,694
235,558
1,930,411
YGAM Innovation Limited
-
8,750
(495)
8,255
Total charitable activities
1,121,159
582,444
235,063
1,938,666
Costs of generating voluntary
income
28,830
982
194
30,006
**1,149,989**
**583,426**
**235,257**
**1,968,672**
**6. RESOURCES EXPENDED INCLUDE – GROUP AND CHARITY**
**2022**
**£**
Auditors’ remuneration (excluding VAT):
- Audit Fee – Charity
- Audit Fee – Subsidiary
6,055
-
- Other Services
1,320
Depreciation charge
7,218
Amortisation charge
13,297|**2021**
**Total**
**Costs**
£
1,930,411
8,255| |---|---| ||1,938,666
30,006| ||**1,968,672**| ||**2020**
**Total**
**Costs**
**£**
1,082,616
19,503| ||1,102,119
10,238| ||**1,112,357**| ||**2021**
**£**
5,500
500
1,500
8,203
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 £247,950 (2021: £176,780). 27 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS |**7a. SUPPORT COSTS – GROUP AND CHARITY**
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 AND CHARITY**
Auditor’s audit fee
Other financial services
Trustees and meeting expenses
**8. STAFF NUMBERS AND COSTS – GROUP AND CHARITY**
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:|**2022**
**£**
51,090
38,265
6,413
8,153
4,912
9,622
60,718
21,529
40,441
43,578
**284,721**
**2022**
**£**
4,800
-
38,778
**43,578**
**2022**
**£**
1,398,165
149,843
27,722
**1,575,730**
40
36||**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| 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:||| |---|---|---| ||**2022**|**2021**| ||**No.**|**No.**| |£60,000-£69,999|1|-| |£70,000 - £79,999|-|1| |£80,000-£89,000|1|-| |No employee received more than £90,000 during the year (2021: 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 £318,882 (2021: £236,541). 28 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS ## **9. TRUSTEES REMUNERATION AND BENEFITS** During the year. no members of the Board of Trustees received any remuneration (2021: £NIL). No members of the Board of Trustees received reimbursement during the year (2021: £NIL) ## **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 2022
Additions
At 31 December 2022
**Amortisation:**
At 1 January 2022
Charge for the Year
**At 31 December 2022**
**Net book value:**
**At 31 December 2022**
At 31 December 2021|**Training**
**web portal**
**Total**
**£**
**£**
**54,749**
**54,749**
12,125
12,125| |---|---| ||**66,874**
**66,874**| ||**13,687**
**13,687**
13,297
13,297| ||**26,984**
**26,984**| ||**39,890**
**39,890**| ||**41,062 **
**41,062**| 29 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS ## **12. TANGIBLE FIXED ASSETS - GROUP** |**12. TANGIBLE FIXED ASSETS - GROUP**|| |---|---| |**Cost:**
At 1 January 2022
Additions
Disposals
At 31 December 2022
**Depreciation:**
At 1 January 2022
Charge for the Year
On Disposals
**At 31 December 2022**
**Net book value:**
**At 31 December 2022**
At 31 December 2021
**TANGIBLE FIXED ASSETS - CHARITY**
**Cost:**
At 1 January 2022
Additions
Disposals
At 31 December 2022
**Depreciation:**
At 1 January 2022
Charge for the Year
On Disposals
**At 31 December 2022**
**Net book value:**
**At 31 December 2022**
At 31 December 2021|**Fixture and**
**fittings**
**Computer**
**equipment**
**Total**
**£**
**£**
**£**
**-**
**43,194**
**43,194**
-
8,606
8,606
-
8.678
8,678| ||**-**
**43,122**
**43,122**| ||**-**
**18,920**
**18,920**
-
7,218
7,218
-
4,669
4,669| ||**-**
**21,469**
**21,469**| ||**-**
**21,653**
**21,653**| ||**-**
**24,274**
**24,274**| ||**Fixture and**
**fittings**
**Computer**
**equipment**
**Total**
**£**
**£**
**£**
**-**
**42,861**
**42,861**
-
8,606
8,606
-
8.678
8,678| ||**-**
**42,789**
**42,789**| ||**-**
**18,587**
**18,587**
-
7,218
7,218
-
4,669
4,669| ||**-**
**21,136**
**21,136**| ||**-**
**21,653**
**21,653**| ||**-**
**24,274**
**24,274**| 30 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS ## **13. INVESTMENTS** |**13. INVESTMENTS**
**At cost:**
Investment in subsidiary (note 13.1)
Listed investments (note 13.2)|**2022**
**Charity**
**Group**
**£**
**£**
1
-
750,000
750,000
**750,001**
**750,000**|**2021**
**Charity**
**Group**
£
£
1
-
500,000
500,000| |---|---|---| |||**500,001**
**500,000**| ## **13.1 INVESTMENT IN SUBSIDIARY – CHARITY** The investment in subsidiary relates to the wholly owned subsidiary, YGAM Innovation Limited. No trading occurred in the subsidiary during the year as the Board had decided to cease trading and strike off the company. The company was dissolved on 14 March 2023. 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**||**2022**
**2021**
**£**
**£**
-
14,980
-
(8,256)| |---|---|---| |||-
6,724| |||-
6,724
**-**
**-**| |||**-**
**6,724**| |||**2022**
**2021**
**£**
**£**
-
-
**1**
1
**-**
-
**1**
1
-
-
1
1
**1**
**1**
**1**
1
-
-
**1**
**1**| |||| |||| |||| |||| |||| 31 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS ## **13.2 LISTED INVESTMENTS - CHARITY** |Listed Investments:
At 1 January 2022
Additions
(Loss)/gain on revaluation
**At 31 December 2022**|**2022**
**£**
515,590
250,000
(88,659)
**676,931**|**2021**
**£**
1
500,000
15,589| |---|---|---| |||**515,590**| 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 £1,383 (2021: £1,959). ## **14. DEBTORS** |**14. DEBTORS**
Trade debtors
Accrued income
Prepayments
Other debtors|**2022**
**2021**
**Charity**
**Group**
**Charity**
**Group**
**£**
**£**
**£**
**£**
100,230
100,230
127,528
127,528
3,770
3,770
-
-
33,972
33,972
24,445
24,445
1,665
1,665
50
50| |---|---| ||**139,637**
**139,637**
**152,023**
**152,023**| All debtors are due within one year. 32 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS ## **15. CREDITORS DUE WITHIN ONE YEAR** ||| |---|---| |**15. CREDITORS DUE WITHIN ONE YEAR**
Trade creditors
Deferred income
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|**2022**
**2021**
**Charity**
**Group**
**Charity**
**Group**
**£**
**£**
**£**
**£**
27,813
27,813
16,137
16,137
458,615
458,615
1,137,890
1,137,890
58,976
58,976
30,733
30,733
32,754
32,754
33,169
33,169
-
-
12,931
12,931
50,324
50,323
38,644
38,643| ||**628,482**
**628,481**
**1,269,504**
**1,269,503**| ||1,137,890
1,137,890
919,292
919,292
(1,067,261)
(1,067,261)
(1,489,875)
(1,489,875)
387,986
387,986
1,708,473
1,708,473| ||**458,615**
**458,615**
**1,137,890**
**1,137,890**| For both 2022 and 2021, 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. 33 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS ## **16. FUND RECONCILIATION – GROUP AND CHARITY** |Subsidiary
General
**Total**
**unrestricted**
**funds**
Restricted:
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
governance costs
Playtech re
Mindful Resilience
London
GIG re Safer
Gambling
programme
GVC re Parental
Engagement -
resources
GVC re CRM
development
Entain re Diverse
Communities
programme
William Hill
restrategy
development
Merkur re MR
programme
Gamble Aware re
English Education
Hub
**Total restricted**
**funds**
**Total funds**|**Balance at**
**31 Dec**
**2021**
**Income**
**Expenditure**
**Gain on**
**investments**
**Transfers**
**Balance at**
**31 Dec 2022**
£
£
£
£
£
£
-
484,419
1,159,131
(879,979)
(88,659)
72,429
747,341| |---|---| ||**484,419**
**1,159,131**
**(879,979)**
**(88,659)**
**72,429**
**747,341**
453
5,613
(4,507)
-
(1,275)
284
-
12,504
(12,504)
-
-
-
4,365
8,490
(12,852)
-
-
3
488
117,407
(117,160)
-
-
735
11,225
772,491
(750,452)
-
(24,996)
8,268
-
191
(191)
-
-
-
212
-
(213)
-
-
(1)
2,070
268,453
(240,274)
-
(29,804)
445
19,588
-
(4,897)
-
-
14,691
-
1,729
(1,729)
-
-
-
2,820
-
(2,820)
-
-
-
584
216,617
(203,904)
-
(12,420)
877
-
14,200
(14,200)
-
-
-
-
35,468
(35,468)
-
-
-
-
33,567
(28,102)
-
(3,934)
1,531| ||**41,805**
**1,486,730**
**(1,429,273)**
**-**
**(72,429)**
**26,833**| ||| ||**526,224**
**2,645,861**
**(2,309,252)**
**(88,689)**
**-**
**774,174**| 34 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 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**
**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**| 35 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS The restricted funds are held for the following purposes: - Caesars - 4 year apprenticeship - Playtech - Head of Parental Engagement - GVC - University and Student Engagement Programme - National Education Programme – Young People’s Gambling Harm Prevention Programme - Playtech - Governance costs - Playtech - Mindful Resilience Programme, London - GIG - Safer Gambling Operator Training resource development - GVC - Parental Engagement Programme resources and CRM development - Entain- Diverse Communities Programme - William Hill - Strategy Development - Merkur – Mindful Resilience programme - Gamble Aware – Development of English Education Hub in partnership with GamCare and other partners 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. ## **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**
**£**
**£**
**£**
6,961
14,692
**21,653**
27,752
12,138
**39,890**
676,930
-
**676,930**
125,151
14,486
**139,637**
116,825
407,720
**524,545**
(206,278)
(422,203)
**(628,481)**| |---|---| ||**747,341**
**26,833**
**774,174**| ## **Comparative analysis of net assets between funds** |Intangible fixed assets
Tangible fixed assets
Investments
Debtors
Cash
Creditors due within one year|**General Funds**
**2021**
**Restricted**
**Funds 2021**
**Total Funds**
**2021**
**£**
**£**
**£**
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| 36 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS ## **17. ANALYSIS OF NET ASSETS BETWEEN FUNDS – CHARITY** |Intangible fixed assets
Tangible fixed assets
Investments
Debtors
Cash
Creditors due within one year|**General Funds**
**Restricted**
**Funds**
**Total Funds**
**£**
**£**
**£**
6,961
14,692
**21,653**
27,752
12,138
**39,890**
676,931
-
**676,931**
125,151
14,486
**139,637**
116,825
407,720
**524,545**
(206,279)
(422,203)
**(628,482)**| |---|---| ||**747,341**
**26,833**
**774,174**| ## **Comparative analysis of net assets between funds** |Intangible fixed assets
Tangible fixed assets
Investments
Debtors
Cash
Creditors due within one year|**General Funds**
**2021**
**Restricted**
**Funds 2021**
**Total Funds**
**2021**
**£**
**£**
**£**
21,472
19,590
41,062
8,834
15,440
24,274
515,590
-
515,590
133,685
18,338
152,023
(73,698)
1,136,477
1,062,779
(121,464)
(1,148,040)
(1,269,504)| |---|---| ||484,419
41,805
526,224| 37 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS ## **18. PROVISIONS AND FUNDING COMMITMENTS** The Charity has no recognised funding commitments or provisions as at the 31 December 2022 (2021: none). ## **19. LEASES** The Charity has not entered into any operating or finance leases during the year to 31 December 2022 (2021: 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 2022 is £7,711 (2021: £4,827). ## **21. RELATED PARTY TRANSACTIONS** There were no related party transactions during the year to 31 December 2022 (2021: 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:**
Trade debtors
Accrued income
Other debtors
**Total financial assets**
**Financial liabilities**
**Financial liabilities measured at amortised cost:**
Trade creditors
Other creditors
Accruals
**Total financial liabilities**|**2022**
**£**
**2021**
**£**
676,930
515,589
524,545
1,062,779
100,230
127,528
3,770
-
1,665
50| |---|---| ||**1,307,140**
**1,705,946**
27,813
16,137
32,754
33,169
50,324
38,646| ||**110,891**
**87,952**| 38 YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS ## **23. COMPARATIVE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES** |**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**
**RECONCILIATION 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**
30,006
-
30,006
10,238
314,598
1,624,068
1,938,666
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**| **24. EVENTS AFTER THE END OF THE REPORTING PERIOD** YGAM Innovation Limited was dissolved from Companies House on the 14 March 2023. 39