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2023-12-31-accounts

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

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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 2023

CONTENTS PAGE

Page
Reference and administrative details of the charity, its trustees and 1
advisors
Report of the Trustees 2 - 21
Independent Auditors’ Report 22 - 24
Consolidated Statement of Financial Activities 25
Consolidated and Charity Balance Sheet 26
Consolidated Cash Flow Statement 27
Notes to the Financial Statements 28 - 43

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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

ADVISERS
Patrons Paul Bellringer OBE
Anne Evans
Keith Evans
Board of Trustees Mike Wojcik (Chair)
Anne Casey (Vice Chair)
Paul Morris (Treasurer)
Valerie Bozzetto
Glen Fendley (resigned 3 March 2024)
Anna Greaves
David Miller
Christina Okorocha (resigned 12 June 2023)
Kwaku Owusu-Ansah
Clive Reeves
Gill White
Company Secretary Ann Coxall
Principal Officers Jane Rigbye – Chief Executive Officer
Helen Martin – Chief Operating Officer
Daniel Bliss - Director of External Affairs
Kevin Clelland – Director of Insight and Engagement (resigned 31 May
2023)
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
WC2H 9JQ
External Auditors Beever and Struthers
Chartered Accountants and Statutory Auditors
150 Minories
London
EC3N 1LS
Solicitors Ropes & Grey LLP
60 Ludgate Hill
London
EC4M 7AW
Principal Bankers Metro Bank
1 Southampton Row
London
WC1B SHA

YGAM[TM] is the trading name of Young Gamers and Gamblers Education Trust and registered Trademark: UK000031141

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

REPORT OF 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 2023. 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 an award-winning charity with a mission to prevent children and young people from experiencing gaming and gambling harms through awareness raising, education and research. Through a portfolio of evidence-based programmes, we develop and deliver training and resources for a range of groups who have influence over children and young people.

The charity was established in 2014 as a result of the lived experience of our founders. After experiencing gambling harms for over 25 years, Alan Lockhart died by suicide in 2010 at the age of 40. His mother Anne, a former teacher, founded the charity with her husband Keith and Lee Willows. Together they were determined to use education as a tool to raise awareness and help safeguard future generations against gaming and gambling harms.

A decade later, Ygam employs over 40 members of staff and has evolved into a recognised leader in the sector. Ygam delivers education programmes in schools, colleges, universities, and various youthfocused organisations throughout all regions of England, Wales, and Northern Ireland. The impact of the work of Ygam has been endorsed over the years through numerous evaluations, accreditations, and national awards.

Vision and Mission

Our Vision as set out in our three-year rolling strategy is that:

“Every child and young person is resilient to, and safeguarded against, gaming and gambling harms.”

Our Mission is:

“Preventing children and young people from experiencing gaming and gambling harms through awareness raising, education and research.”

Pillars

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 (programmes, work plans, etc) which will help us to achieve each strategic ambition.

Strategic Pillars:

REACH AND IMPACT: Expand the breadth, depth and reach of our activities to maximise impact.

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.

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

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

REPORT OF TRUSTEES (continued)

Enabling Pillars:

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.

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. 91% of UK children aged 3-15 years old play video games on some type of digital device and 76% of UK children aged 12-15 years old play online video games[1] . 77% of 7-18 year-olds in the UK have access to a games console.[2]

Gaming disorder is formally recognised by the World Health Organisation as a behavioural pattern characterised by diminished control and the prioritisation of gaming above other pursuits, despite negative effects on personal, familial, social, educational, and professional aspects[3] . In 2019, NHS England opened the Centre for Internet and Gaming Disorders in 2019. Between opening and March 2024, 745 individuals received treatment with an average age of 17 years old.[4]

Ygam’s resources also focus on the increasingly blurred lines between gaming and gambling due to the monetisation of gambling-like mechanisms commonly featured in the video games that children are playing. 34% of young people aged 11-17 had paid for in-game items in video games with their own money or virtual currency in the last 12 months. 21% of young people aged 11-17 had spent money or virtual currency to unlock loot boxes, packs or chests to acquire in-game items when playing video games over the last 12 months.[5] 49% of children believe online games are only fun when you spend money and 76% of children believe that online games try to make you spend as much money as possible.[6]

While gambling does not always take place online, it has become a heavily advertised, visible industry made more accessible through technology, such as smartphones. We know that there are correlations between those experiencing gambling harms and those heavily engaged in gaming.

1 Uswitch, Online Gaming Statistics 2023 Link

2 Ofcom, Children and Parents: Media Use and Attitudes 2023, Link

3 World Health Organization, Addictive behaviours: Gaming disorder, Link 4 NHS England, NHS treats hundreds with gaming disorders, Link

5 Gambling Commission, Young People and Gambling 2023, Link

6 Parent Zone, The Rip-off Games 2023, Link

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REPORT OF TRUSTEES (continued)

Data from the annual Young People and Gambling Survey, conducted in 2023 by Ipsos on behalf of the Gambling Commission, shows that just over one quarter (26%) of 11 to 17 years olds had spent their own money on any gambling activity in the twelve months prior to completing the survey. This is a 5% decrease in active participation when compared with data collected in 2022.

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:

Just under 1 In 5 (19%) young people had spent their own money on regulated forms of gambling in the past 12 months. 0.7% were classified as ‘problem gamblers’ and 1.5% as ‘at risk’. This also represents a decrease of 0.2% and 0.9% respectively since 2022.

Over half of young people had seen or heard gambling advertising via online (53%) or offline (55%) platforms. This represents a significant decline in exposure to gambling advertisements since 2022 (Online: 63%; Offline: 66%). Young people were most likely to report seeing gambling advertising on television (47%) or on an app (45%).

Most (80%) 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. Less than one in five (17%) agreed that gambling makes them feel happy. Three in ten (28%) young people had seen family members they live with gamble. Of these, 10% indicated it had resulted in arguments or tension at home.

The latest Annual Student Gambling Survey has revealed that nearly half of university students who gamble (48%) say they are gambling more than they can afford during the ongoing cost of living crisis. The third instalment of this research, jointly commissioned by Ygam and GAMSTOP, was conducted in December 2023 and revealed 60% of university students had gambled in the previous 12 months. This figure had decreased from 71% compared to the previous year.

The survey, conducted by Censuswide, polled 2,000 students across the UK. It revealed that 46% of student gamblers reported that gambling had impacted their university experience. This included missing study deadlines and social activities, as well as adding pressure to cover basic expenses such as food.

The study incorporates the Problem Gambling Severity Index (PGSI) to measure at-risk gambling behaviour. It revealed that the proportion of student gamblers classified as being at ‘moderate risk’ remained consistent with last year’s findings at 28%. However, there was a slight decrease in the percentage of students classified as ‘problem gamblers’, from 24% last year to 21% this year.

Although the amount spent on gambling is relatively similar in each of the age groups, there is a trend towards males spending more, on average, than females. Spend was defined as the overall amount a student staked and lost, subtracting any wins. The survey showed that student gamblers lost £35.25 a week on average, equating to £1,833 annually. 15% of student gamblers are losing of £50 or more per week to gambling. To fund their gambling, 32% are dipping into their savings, 23% are using their student loan, 10% are using money from their parents and, concerningly, 8% are using their overdraft.

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

REPORT OF TRUSTEES (continued)

We know that high-quality prevention education initiatives can be effective[7] , 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. During 2023, Ygam has worked to alter its funding model, and now receives the majority of its income from the commissioning charity, GambleAware. Nonetheless, whilst the government’s voluntary donation system for RET funding remains in place, Ygam will continue to raise additional funding for its services from a range of sources, including the UK gambling industry via the RET system. 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 (1 January 2023 – 31 December 2023), Ygam has continued to excel in its delivery and impact. The last Annual Review described the charity as having recently launched its 2023 strategy “Safeguarding our Digital Generation”. Developed by Ygam trustees and senior leadership, with input from the staff team and wider stakeholders, this strategy has 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.

In 2023 we did this at a scale that is estimated to reach 991,929 children and young people, training over 5,223 individuals in positions of care and influence over children and young people, including 1,636 teachers. 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 developing robust implementation plans aligned to the new strategy launched in January 2023, we have been able to continue rapid progress towards our goals, and to ensure mechanisms are established to ensure that in future years we can evidence the outcomes of our work; 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 £2,999,938 in 2023 (£2,645,861 in 2022), which has enabled Ygam to deliver against its 2023 objectives and to scope, plan and launch an ambitious new three-year rolling strategy to guide our work from 2024.

7 https://pshe-association.org.uk/evidence-and-research-key-principles-of-effective-preventioneducation

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

REPORT OF TRUSTEES (continued)

Programme Delivery

Young People’s Gambling Harm Prevention Programme[8] :

The Young People’s Gambling Harm Prevention Programme (YPGHPP) 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. At Ygam this encompasses our training and delivery for teachers, youth workers and sporting foundations and clubs, as well as parents and carers. encompasses our training and delivery for teachers, youth workers and sporting foundations and clubs, as well as parents and carers.

Post workshop survey results:

Young People Survey results (young people who have received Ygam training via Ygam or trained professional):

Education:

We provide City & Guilds assured training to teachers in England, Wales and Northern Ireland and provide access to over 1,000 resources which are mapped to the PSHE and RSHE statutory guidance in England, The PSE Curriculum in Wales and Learning for Life and Work in Northern Ireland. This training provides teachers with the skills, knowledge, and tools to implement Ygam resources in their classroom. The curriculum provides a long term thematic spiral plan which revisits topics and develops learning to support young people’s understanding of the risks associated with gaming and gambling to help develop resilience and safeguard them from harm.

The resources and training have been developed by qualified and experienced teachers and PSHE leads, and are informed by individuals with lived experience of gambling harm. Our expert delivery team includes teachers, youth workers and individuals with lived experience of gambling harm. During 2023:

8 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.

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

REPORT OF TRUSTEES (continued)

Feedback from teachers:

Youth and Sports Work:

We provide City & Guilds assured training to youth workers, with a range of resources available for them to utilise in their settings. The materials are designed and informed by youth workers to meet the needs of young people, offering bitesize activities and longer challenges with resources mapped to the NYA National Youth Work Curriculum and the National Occupational Standards and Outcomes framework, as well as The United Nations Convention on the Rights of the Child (UNCRC). During 2023:

Youth work feedback:

“Presented brilliantly, really engaged me. Content was very interesting and liked the ice breakers and also the participation aspect. Learnt the links between games and betting.” Support Manager: Northwest England

“I enjoyed learning about all the different signs to look out for and how to deal with any issues that might be raised.”

Employability Coach: Northern Ireland

“The way it was delivered showed modern examples which helped to translate it to the work we are doing now. There were good opportunities for us to discuss and I liked the resources provided.” NCS Coordinator, North West England

Sports trusts and foundations feedback:

“I found the statistics and information around gambling with young people really interesting. The varying impacts that an addiction can have on an individual and stats around suicide are areas that alarmed me, they were a lot higher than I thought.”

PL Kicks and Diversionary Officer, Chesterfield FC

“The workshop was delivered extremely well by the presenters, raising enough talking points and using past experiences to help cement the learning offered. I feel much stronger in my ability to signpost those in need of help to the correct place.”

Club Welfare Officer Assistant, London

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REPORT OF TRUSTEES (continued)

Parents and carers provision

Foster Parents and Residential care home provision

Care-experienced individuals often have increased vulnerability to a range of complex issues related to health and wellbeing. Ygam offer a bespoke City & Guilds workshop, written by care experienced individuals, teachers and individuals with lived experience of gambling harm. During 2023:

Post workshop survey results:

Feedback:

“I enjoyed this workshop, it was delivered in an understanding and clear manner to help me manage harmful gaming and gambling problems and to help me promote a healthily well balanced life style for all children and adults in my care. Thank you very much for enabling me to open up conversations on this.”

Foster Carer- East Midlands.

“This training is a must for all Foster Parents. Really excellent training. Thank you so much.” Foster Carer- Southwest England

Parent awareness sessions:

Ygam provides workshops for parents and carers to help them understand the risk and potential harms arising from gaming and gambling. The short workshops are designed to improve confidence levels amongst parents and equip them with the tools to engage in conversations with their children, implementing safeguarding measures. Ygam bolsters this offer with an Instagram channel and parents’ hub which provides information and tips for parents. During 2023:

Post workshop survey results:

Feedback:

“Loved the workshop... It was very clear and easy to understand.... It made me really think about how vulnerable our children really are... Thank you.”

Parent: London

Social Care Practitioners

Ygam provides bespoke City & Guilds workshops to professionals who work directly with children and families, in social work, early help and similar roles. The training explores the signs of harm and provides practitioners with the knowledge and tools to support young people, signposting in to support and treatment where necessary. During 2023:

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REPORT OF TRUSTEES (continued)

Post workshop survey results:

Feedback:

“The stages of gambling addiction was really interesting to explore and the cycle this involves, i.e. winning stage, losing stage etc, was really useful and I feel I would be able to use this model when talking to young people and their parents. The Las Vegas effect is something I will remember and will use.”

Social Worker: West Midlands Health & Social Care Programme (formerly Mindful Resilience):

Ygam for Health and Social Care (HSC) provides City & Guilds Assured training for HSC practitioners. Practitioners are offered training tailored to forward facing healthcare roles. The training explores the signs of harm and provides practitioners with the knowledge and tools to support young people, signposting in to support and treatment where necessary, and equips practitioners to deliver sessions directly to young people, providing support and signposting. During 2023:

Healthcare professionals feedback:

“Really considering what gambling means. Found the online gaming information really useful as it is something that I am not overly familiar with.” Family Nurse: Northwest England

Post Workshop Survey Results:

University and Student Engagement:

Ygam’s University and Student Engagement (USE) offer comprises training for professionals on campus, supported by campus visits where the Ygam team talk to young people about gaming and gambling, providing them with information about risk and potential harm. Additionally, the team provide training directly to students to help them develop an understanding of the potential risks, the signs of harm and what they can do if they are concerned about gaming or gambling.

Visits to campus are supported by GAMSTOP and information is provided to help students block gambling. Furthermore, Ygam has an Instagram channel and hub for students to access information and resources. During 2023 the USE team:

.

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REPORT OF TRUSTEES (continued)

Post Workshop Survey Results:

University Staff:

Students:

Feedback:

“It was informative, and useful for our roles. We really appreciate it, and hope it will positively impact our students.”

Deputy Director of Student Services, North West England.

“It was a very good informative session with lots of useful information that will be of use in the future and I will be more aware of it when dealing with students to identify the possibility that they are at risk of gambling or gaming harm.”

Student Financial Support Administrator, South East England.

Preventing Gambling Harms in Diverse Communities[9]

This programme offers training and resources aimed at safeguarding young people from ethnic minority populations. Ygam provides City & Guilds Assured training to faith and community leaders to support them to recognise how gaming and gambling impact different communities. The training explores issues such as stigma and shame and the challenges some individuals face when seeking support. During 2023:

Post Workshop Survey Results:

9 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.

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REPORT OF TRUSTEES (continued)

– League Football Education Gaming workshops

254 Academy Players have received Ygam training across 13 clubs . The training focuses on gaming, exploring the risks, as well as the positive aspects, and supports young people to consider how they balance their time online with other activities in their lives.

Post Workshop Survey Results:

Alumni

Ygam Alumni was developed to offer continued support to professionals and allows a deep dive in to specific topics, developing a detailed understanding of new and emerging themes within the world of gaming and gambling. These 1 hour CPD sessions are open to all Ygam delegates and support their continued development. During 2023 the Alumni Programme delivered:

Post Workshop Survey Results:

Feedback:

“I enjoyed learning more about why the LGBTQ+ community and young people might be more at risk of experiencing gambling and gaming harms. Not being part of that community, I hadn’t thought of it via that lens before and it was really, really helpful to have it broken down in this way.”

Student Support Advisor, Paisley

“The presenters made it relevant for all levels of experience and knowledge in this field. They were ‘nonpreachy’, realistic and fair about cryptocurrency's benefits and challenges, and impacts on young people.”

Family Hub Worker

“Within the monetisation session I learnt a lot about how games make money from young people and this will help my practice as a youth worker.”

Youth Worker, London

"Excellent short film demonstrating how easy it is to get drawn in to addiction. From my perspective I am looking at how I can share this with elite athletes. Looking at their environment and their mindset on how easy it is to become addicted."

Head of Education & Welfare, Midlands

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REPORT OF TRUSTEES (continued)

English Gambling Education Hub

The English Gambling Education Hub (EGEH) is a GambleAware funded programme which brings together national and local partners. The programme is led by GamCare and Ygam with the aim to bring together gambling harm prevention organisations into a network. The programme provides, events, network meetings and an interactive hub, as well as a film competition for young people, eLearning for professionals and a quality mark and support package.

The film competition is now up and running with the pack having been downloaded 123 times. 6 applications have been submitted. The film will be judged by a panel of young people with the winning organisation having their film professionally developed and screened. It will then be utilised to develop content, learning and resource to further enhance preventive education.

The quality mark is now up and running following extensive stakeholder engagement to understand the needs and requirements of schools. The quality mark bolsters the education programme offer to schools, supporting with the long-term support package for schools. The initiative is being promoted through our alumni as part of our engagement strategy.

Following a robust gap analysis, it was identified that provision for young people who are not in education, employment, or training and those from traveller communities, was lacking. Therefore, to address this need, we developed eLearning for practitioners working with these young people. The EGEH portal, is live and brings together the various offers of the programme. The eLearning can be accessed here https://egeh.org/sponsoredpost-advertising-content-influencing-and-gambling/, alongside the quality mark and support package, with links to the events and community also available.

Safer Gambling Training

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 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. During 2023:

Feedback:

Research and evaluation

Since its inception, Ygam has been evidence-led and committed to supporting the further development of the evidence base. During 2023 Ygam worked with a number of partners (detailed below) to evaluate our programmes, and to support research activity to better understand what works in gaming and gambling harm prevention.

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REPORT OF TRUSTEES (continued)

Research

Funding a national research piece on students, exploring gaming, gambling and digital life.

Evaluation

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 concerted efforts in marketing, communications, and public affairs, we have successfully elevated the visibility and reputation of our charity. Our strategic initiatives have not only heightened our profile but also solidified our brand identity as a trusted and influential leader within our sector.

Before January 2023, the Ygam brand had not been refreshed since Ygam’s launch in 2014. Since then, both the organisation and the sector have undergone considerable evolution. The development and launch of our new ‘Safeguarding Our Digital Generation’ strategy at the start of 2023 provided the opportune moment to review the brand to ensure alignment with our current identity which has a digital focus.

Social Media

Social media has played a pivotal role in the digital marketing efforts of the team, focusing on utilising Linkedin, Facebook, Instagram and X (formerly Twitter). Ygam achieved over 975,000 collective social media impressions across our channels in 2023. Our average monthly impressions were 86,546. This is an increase of 194% compared to 2022. We hit 3,000 followers on Twitter/X, marking a 31% increase in follower growth from January. We also hit 3,000 followers on LinkedIn. Our LinkedIn follower growth has increased by 19% since January. Ygam launched a TikTok channel in September which attracted over 5,600 views per month and reached 2,000 unique users.

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

REPORT OF TRUSTEES (continued)

Website

The collective of Ygam websites received over 243,000 website page views during 2023. The main Ygam website received 206,705 page views throughout the year with November achieving our highest monthly traffic, with 28,005 page views, a 33% increase from January.

The main Ygam website received 91,934 unique visitors which marks an increase of 102%, more than doubling our visitor count from 7,193 in January to 14,500 in November. This growth underscores a consistent monthly upward trend over the last year.

We saw a significant increase in our conversions from Google Ads from just 44 in January to 13,000 in November, showcasing improved ad visibility and engagement. Our Google Ad click-throughs saw an impressive 60x increase from 273 click-throughs in January to 16,600 click-throughs in November.

Press and media

Ygam solidified its position as a sector leader by appearing on various multimedia platforms. Our press releases and quotes were featured in national publications such as The Independent, Daily Mail, and the BBC. Additionally, Ygam was showcased on BBC Asian Network and in regional newspapers such as Wigan Today, Manchester Evening News and Bournemouth Echo. Moreover, Ygam contributed several thought leadership pieces to education publications like Wonkhe.

Public Affairs

Throughout the ongoing Government review of the Gambling Act, Ygam has contributed to all relevant consultations and calls for evidence. In addition to this, Ygam has proactively engaged with Government ministers and policy officials through a series of meetings and roundtables. Ygam has also met with the relevant Shadow Ministerial teams of all the major political parties. Furthermore, Ygam facilitated a roundtable with young people for the DCMS Secretary of State, Lucy Frazer MP.

Ygam hosted a Parliamentary Reception in January, attended by MPs, Peers, and a broad range of stakeholders. Around 90 guests attended the event in the Houses of Parliament, including representatives from Government, regulators, academia, charities, trade associations, and local authorities. The reception was hosted by Damian Collins MP, the minister responsible for gambling in 2022 and the Chair of the DCMS Select Committee for three years between 2016 and 2019. Shadow DCMS Minister Jeff Smith MP closed the event with a keynote address.

In Wales, Ygam hosted a lunchtime reception for Members of the Senedd in September, with politicians from all parties in attendance. Sponsored by Darren Millar MS, the reception was well-attended, with the Leader of the Opposition, Andrew RT Davies AS, alongside the Shadow Education Minister, Laura Anne Jones MS. Other attendees included Labour’s Jenny Rathbone MS, Chair of the Cross-Party Group on Gambling Related Harm, and David Rees AS, Deputy Presiding Officer. The Children’s Commissioner for Wales, Rocio Cifuentes, also made an appearance at the event.

A commitment to quality and excellence

Ygam’s commitment to continual improvement continues, and external review and accreditation has again been successful in 2023.

We have maintained the standards previously achieved, with an additional accreditation with CPD for our EGEH eLearning.

Accreditation:

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YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

REPORT OF TRUSTEES (continued)

Quality standards:

Pledges:

Awards:

Memberships:

Plans for the Future

2023 was an exciting year 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, we launched our new strategy entitled “Safeguarding our Digital Generation”. We also launched our rebrand, updating our look and feel and ensuring that we better reflect the work we do in both our logo and style, and in our tone of voice.

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.

As outlined above, we work to deliver 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.

15

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

REPORT OF TRUSTEES (continued)

Implementation

“Safeguarding Our Digital Generation” has been designed as a three-year rolling strategy, which will be reviewed and updated on an annual basis. We have implemented a Strategic Review Cycle and Mission Control process to ensure we monitor, review, and if required, course correct towards our goals on a regular 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[10] 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 (known as RET contribution) to one or more organisation(s) which between them:

Within 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 RET contribution. Following the recent Gambling Act review, this voluntary donation system will be replaced by a compulsory statutory levy. The exact timing of the introduction of the levy is not yet known but is not expected to be before March 2025.

Prior to 2023 the majority of Ygam’s charitable income was derived from the approved RET funding mechanism and paid to Ygam via corporate donations from licensed operators. However, during 2023 the proposal to introduce a statutory levy, without any details of the exact mechanism or timing, created an environment where operators were less willing to make voluntary donations. To address this issue Gamble Aware set up a ‘System Stabilisation’ fund to support charitable organisations such as Ygam who are currently reliant on the RET system. Ygam made an application for funding from Gamble Aware and was awarded £1.5 million of funding to assist with Ygam’s programme and operating costs for the period up to 31 March 2024.

The majority of Ygam’s funding for 2023 was therefore made up of a combination of existing programme funding relating to previous RET restricted donations, Gamble Aware System Stabilisation funding and unrestricted RET donations. A lesser proportion of funding was generated from other sources, such as individual giving and charitable trusts and foundations. There were no significant fundraising activities from the public in the year.

10 https://www.ygam.org/wp-content/uploads/2023/03/Ygam-Strategy-2023-Safeguarding-Our-DigitalGeneration.pdf p.26

16

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

REPORT OF TRUSTEES (continued)

Ygam identified in its rolling three-year strategy, launched in January 2023, the need to further diversify its funding streams from other sources, such as trusts and foundations, and is currently investing in expertise to develop this area of fundraising.

Financial Overview

The results for the year to 31 December 2023 show a surplus of £574,814 (2022: surplus of £247,950). The Balance Sheet at 31 December 2023 shows a net asset position of £1,348,988 (2022: consolidated net assets of £774,174).

Going forward, Ygam continues to maintain a healthy financial position and 2024 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 charity’s future plans for growth. This will continue to be reviewed on an annual basis.

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

The trustees have set a policy of maintaining a minimum six months of free reserves, with a stretch target of 12 months. This level of reserves is felt to provide sufficient going concern certainty whilst enabling continued growth and delivery against objectives.

Total reserves held at year end were £1,348,988 (2022: £774,174), of which restricted reserves were £23,198 (2022: £26,833) and designated reserves were £500,000 (2022: nil). The number of months of free reserves held at year end was 10.2 months. Free reserves were £764,879 (2022: £712,629).

The designated reserve of £500,000 has been set aside by trustees to support Ygam’s strategic development and leadership in the period beyond March 2025 when the level of funding from the proposed statutory levy is currently uncertain.

Going Concern

The trustees confirm that they have assessed Ygam to be a going concern for at least the coming year. The budget for 15 months ended 31 March 2025 includes income of £5.5 million against expenditure of £5.2 million. This is based on the assumption that Ygam will be changing its financial year end date to 31 March.

As at the end of May 2024, 100% of this income had either been committed in writing or received in the bank, and fundraising activities are now focused on the period beyond March 2025.

Looking beyond the next financial period end, we are expecting a significant proportion of our income to come from the statutory levy which we hope will result in longer term security of funding for Ygam’s vital work. We have existing funding in place from a Gambling Commission Regulatory Settlement for the University and Student Engagement Programme until 2026 and we have recently received confirmation of £300k of Gamble Aware funding for the Diverse Communities Programme until March 2026. During 2024. our Director of Business Development is focusing on income generation from corporate partnerships, particularly in the gaming sector, and we are also investing in new fundraising resource to enable us to diversify our income from sources such as Trusts and Foundations, as well as individual giving.

17

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

REPORT OF TRUSTEES (continued)

Investment management

Ygam’s investment objectives are as follows:

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

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 minimum target level of free reserves, in medium risk 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 remaining funds are invested in low risk money market accounts, including a separate low risk instant access Investec money market portfolio opened in March 2023 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.

The recent turbulence in global financial markets, and the impact on inflation, resulted in investment values falling during the first three quarters of 2023, however values picked up again towards the end of the year and have continued to rise steadily in the first few months of 2024. The Finance, Audit and Risk (FAR) Committee and Board are comfortable to continue with their current investment strategy.

Structure, Governance and Management

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

Trustee Board and Sub-Committees

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

Trustees are appointed through an open recruitment and selection process for a term of three years. Trustees may be appointed for a maximum of two terms. The Board undertakes regular skills audits to ensure there are a wide range of skills relevant to the work carried out by Ygam. The most recruitment process took place in April 2022 to recruit five new trustees with expertise in finance, fundraising and gaming/e-sports. The most recent skills audit was carried out in March 2023. Following the resignation of two trustees in recent months, a further skills audit and recruitment process is taking place during 2024.

Trustees are independent and there are no representatives of the gambling or gaming industry on the Ygam board.

18

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

REPORT OF TRUSTEES (continued)

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 standard in July 2024.

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:

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 March 2023.

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.

Early in 2023 Ygam Innovation Ltd, Ygam’s wholly owned subsidiary, was dissolved following agreement by the Boards of both Ygam and Ygam Innovation. Following the work on Ygam’s new three year strategy it was agreed by the Board that the subsidiary company was no longer required.

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 rolling 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.

19

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

REPORT OF TRUSTEES (continued)

The RAID log (Risks, Assumptions Issues, Dependencies) continues to be used to ensure operational and project risks are recorded. The RAID is reviewed in Operational Team meetings and in the monthly SLT with escalations to the Strategic Risk Register as necessary.

The DV8 process allows for non-conformances (internal or external) to be submitted by staff via the Staff Hub on Ygam Connect. This allows for an understanding of root causes and implementation of corrective actions/effective solutions. It also provides information for internal audits to ensure that continual improvement is taking place as necessary. The internal audits allow for a process review and identification of any opportunities for improvement or non conformances.

The Ygam Quality Management System has again been thoroughly externally audited by BSI Group and Ygam have been recertified for a further 3 years. Our process documentation transfer to Help Hub is nearing completion. The Help Hub provides a more engaging and effective way for staff to be able to access Business as Usual processes and Ygam information. The Help Hub ensures business continuity with easy to follow guides and quick links to other key documents (eg Policies, templates etc).

Ygam have undertaken a deep dive of the systems and processes used to identify any gaps specifically from a cyber security perspective. Increased training has been implemented for staff to mitigate the biggest risk in terms of phishing/hacking. The Digital & QA Team continue to monitor the systems to ensure they are fit for purpose and future proofing for the increased digital requirements.

20

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 REPORT OF TRUSTEES Icontinuedl TNstees' rè8ponslbillti08 statement The trustees (W￿ are also direclcxs ofyoung Ganers Ganblers EduCatiC￿ Trust the purposes of company lawl we responsible tor preparing the Rep￿t of Ihe Trustees and thè financial stal8menls in accordance with applicable law and Unrted lQngdom Accounting star￿ards (United Kingdom Generally Accepted Accounting Pra(Iicel Company law requires Ihe trustees to wepare finwKial statements for eath fnancwl year. Under company the Irust8es must not approve the finar￿1 statements un￿sS they afe satisfied that they give a true and fair vi8w ol the state of affairs of the charitab18 company aTrJ of the incoming resowc8s and appli&ion of resources, Ir￿uding the incclme eX￿ndrtUfe. of the tharitfyle ojnpany for thal poriod. In preparing these financial statements. thè trustees are required to. select suilat¢le accounting polic￿8 and then 4ply them C(￿SiStentty. observe the melhods and princplgs in the Charrtiés SORP 2019 IFRS 102}," make judyments and estimates that fèasonab￿ aThJ w￿￿ent., and prepara the financial StsteM￿lS ￿ the gor¥J CL)ncwn basis unK8SS it Is Inappropnale to presume that thè Charitab￿ cc¥np8ny will continue in ¢yation. The Iruslees are responsible fof keepiro adequate aeoJJnlino recuds Ihal disclose wrth reasonabl8 accuracy at any lime th8 financial p)srtion of the tharilabl8 CL￿panY and enable them to ensure that the financial slat8ments comply with the Compans Acl 20￿. They are also 185pon8t)le for safèouarding the assets of the dwritabl8 C￿panY herta for taking reasonable Steps lor th8 prevenlK)n and delectJn of fraud KI other iNegul¥its. In so far a$ the Iruslo9s are aware.. there is no re￿Vant audrt informatK)n of whth the tharilabla CLynpany's aAilor is unaware,. and Ihg trustees have taken all stops that tfy CUJM to have takan lo make themsèlves aware of any relevant audit irformatw lo eablish thai the audit¢y Is aware of that infomalion. Th8 Irusle8s aro r￿pOnsib￿ mawrtfjn￿ oftho ¢wor8te financial infomation Included on the charitabb ccvnpany's webgle Leoislalion fft the United Kingdom governing tha praparation disSem￿at￿n cl financial stalemenis may drffw frcln leglslglion in other jurisdictions. The Board wish lo extend parti¢>Jlar Ihank5 to Ygam'5 staff, patrcffj volunloers for their ¢onlinugd comrriilment and hard work to make this another suc¢ossful year Approved and authort•od for luuo by ord•r of th• board on 25 June 2024 •nd 8lgn•d on It• half by: Mlke WoJclk- Chalr Annè C•wy- L*puty Chalr of Trustee• 21

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

INDEPENDENT AUDITORS’ REPORT

Opinion

We have audited the financial statements of Young Gamers and Gamblers Education Trust “the charity” and its subsidiary (the ‘group’) for the year ended 31 December 2023 which comprise the Consolidated Statement of Financial Activities (incorporating the Income and Expenditure Account), the Consolidated and Charity Balance Sheet, the Consolidated Cash Flow Statement, and the notes to the financial statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 6 to the financial statements and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other information

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

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

We have nothing to report in this regard.

22

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

INDEPENDENT AUDITORS’ REPORT

Matters on which we are required to report by exception

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

Responsibilities of trustees

As explained more fully in the Trustees’ Responsibilities Statement set out on page 21, 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:

23

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

INDEPENDENT AUDITORS’ REPORT

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

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

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

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of noncompliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Beever and Struthers 150 Minories Chartered Accountants London Statutory Auditor EC3N 1LS

Date: 12 August 2024

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.

24

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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

Note
INCOME AND ENDOWMENTS
FROM:
Donations and legacies
2
Charitable activities
4
Investments
3
Total income
EXPENDITURE ON:
Costs of generating voluntary
income
5
Charitable activities
5
Total expenditure
Net gains / (losses) on investments
Net income
6
Transfer between funds
16
Tax on activities
NET MOVEMENT IN FUNDS
RECONCIILIATION OF FUNDS
Total funds at 1 January
16
Total funds at 31 December
16		 Unrestricted
Funds
2023
Restricted
Funds
2023
Total
Funds
2023
Total
Funds
2022
£
£
£
£
595,324
-
595,324
973,524
172,302
2,203,714
2,376,016
1,670,303
28.598
-
28,598
2,034
796,224
2,203,714
2,999,938
2,645,861
133,098
-
133,098
118,111
229,230
2,112,090
2,341,320
2,191,141
362,328
2,112,090
2,474,418
2,309,252
49,294
-
49,294
(88,659)
483,190
91,624
574,814
247,950
95,259
(95,259)
-
-
-
-
-
-
578,449
(3,635)
574,814
247,950
747,341
26,833
774,174
526,224
1,325,790
23,198
1,348,988
774,174

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 25 to 43 form an integral part of these financial statements.

25

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CONSOLIDATED AND CHARITY BALANCE SHEET Company limited by guarantee {registered corypany no 091899981 Charlty 2023 Group 2023 Charity 2022 Group 2022 Nol• FIXED A8sE. IS Intangible assets Tangible assets Investments 34.521 49.5B7 726,224 34,521 49,587 726,224 39,89) 21.653 676,931 39,8 21.653 676,930 12 13 810,332 810.332 738.474 738.473 CIIRRENT ASSETS Debtors Cash al bank a￿1 In h8nd 14 360.073 1.7￿,754 360,073 1,7,754 139,637 524.$45 139,637 524.545 1166.827 1156.827 664,182 684,182 Cfedltorn.. amounts I￿lIng ¢ wlthin t￿• y•ar 15 11,618,171) {1.618.1711 1628,4821 1628,4811 NET CURRENT ASSETSIILIABILITIESI $38,656 538.656 36.700 35,701 TOTAL ASSETS LESS CURRENT LIABILITIES TOTAL NET ASSETSIILIABILITIES) 1.348,988 1.348.988 774.174 774.174 1.348.988 1,348.988 774,174 FUNDS Unreslrithed hjnd". Subsidiary company General ftmd 16 16 1,325,7￿1 1.325.7 746,740 1,325,79) 1.325.7UKI 746,740 23,198 23.198 27 434 1,348,988 1,348.988 774,174 746,740 Restricted Funds IQTAL FUNDS 16 27,434 774,174 For the year endw 31 December 2023 ¢￿panY was entrtI￿ lo exemptic￿ fr(¥n audit under section 477 01 the Companies Act 2(K6 r81iro to small Ctynpan￿$, but thè Trustees, have electod to have an audrt under ChaIrt￿S Act 2011. Directors, responsibilit￿.. The members have not required the ¢￿panY lo obtain an aLKlit of Ilsfmancial slaiement8 for the year In question in ￿)rdarte wrth section 476. The directors aeknothge their le$F￿sIbIlrt￿S f(w ccrfnplying with the requiremgnls of the Aci wrth respect accO￿￿1n9 records and the preparalKffl of fin￿¢la1 statements. These financi81 statements have been wewed in aecordance wrth Ihe provIs￿n$ ap￿l￿ble lo companies subject to ts small COMW￿s, rgjime. The financial statements set on p89gs 25 to 43 were aFVOV8d. ar*J authw'sod for issue, by the Board ol TnJslees on 2S June 2024 ￿)d swjn￿ ￿ theK behaff ty. o WoJcik- of Tru•t¢os Anne Casey- Dwjty Chai of Trustees

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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
Cash and cash equivalents at 31 December
Note i
Surplus for the financial year
Adjustments for:
Amortisation charge
Depreciation charge
(Gain)/loss on investments
Loss on disposal of tangible fixed assets
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Investment income
Cash flow from operating activities
Components of cash and cash equivalents
Cash at bank and in hand
Analysis of changes in net debt/(funds)
2022
£
Borrowings and lease liabilities
-
Total liabilities
-
Cash and cash equivalents
(524,545)
Total net debt/(funds)
(524,545)		 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
Cash and cash equivalents at 31 December
Note i
Surplus for the financial year
Adjustments for:
Amortisation charge
Depreciation charge
(Gain)/loss on investments
Loss on disposal of tangible fixed assets
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Investment income
Cash flow from operating activities
Components of cash and cash equivalents
Cash at bank and in hand
Analysis of changes in net debt/(funds)
2022
£
Borrowings and lease liabilities
-
Total liabilities
-
Cash and cash equivalents
(524,545)
Total net debt/(funds)
(524,545)		 2023
£
1,298,664
(6,138)
(48,915)
-
28,598
(26,455)
-
1,272,209
524,545
1,796,754
574,814
11,507
16,529
(49,294)
4,453
(220,436)
989,689
(28,598)
1,298,664
2023
£
1,796,754
Cash flows
£
-		 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
2023
£
-
-
(524,545)		 -
(1,272,209)		 -
(1,796,754)
(524,545) (1,272,209) (1,796,754)

The notes on pages 28 to 43 form an integral part of these financial statements.

27

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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, WC2H 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 Companies Act 2006, Charities Act 2011, 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.

The subsidiary was closed on the 14 March 2023. All activities had been transferred to the parent entity in the year to 31 December 2022.

1.2 Going concern

The Trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern. A rolling 12 month cashflow forecast is updated monthly and shows a healthy cash reserves level for the year following the date the accounts have been signed. Funding commitments are in place to cover all expenditure up to 31 March 2025. From April 2025 the majority of Ygam’s income is expected to come from the new statutory levy which will be imposed on gambling operators and redistributed to organisations providing services in relation to research, prevention and treatment of gambling-related harms.

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.

28

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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 £250 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.

29

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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:

30

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE FINANCIAL STATEMENTS

2. DONATIONS AND LEGACIES - GROUP 2023 2022
AND CHARITY
Unrestricted Restricted
Total
Total
Funds Funds
Funds
Funds
£ £
£
£
Donations 595,324 -
595,324
967,524
Gifts in Kind - -
-
6,000
595,324 -
595,324
973,524
Comparative donations and legacies 2022 2021
Group and Charity 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
3. INVESTMENT INCOME - GROUP AND 2023 2022
CHARITY
Unrestricted Restricted
Total
Total
Funds Funds
Funds
Funds
£ £
£
£
Interest receivable from:
Bank interest 28,598 -
28,598
2,034
28,598 -
28,598
2,034
£1,359 was received in 2021, of which all was unrestricted income.
4. INCOME FROM CHARITABLE 2023 2022
ACTIVITIES - GROUP AND CHARITY
Unrestricted Restricted Total Total
Funds Funds Funds Funds
£ £ £ £
Grants for services - 2,203,714 2,203,714 1,486,730
Fee income 172,302 - 172,302 183,573
172,302
2,203,714		 2,376,016 1,670,303
Comparative income from charitable 2022 2021
activities
Group and Charity Unrestricted Restricted Total Total
Funds Funds Funds Funds
£ £ £ £
Grants for services - 1,486,730 1,486,730 1,631,447
Fee income 183,573 - 183,573 136,100
183,573 1,486,730 1,670,303 1,767,547

31

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE FINANCIAL STATEMENTS

5. RESOURCES EXPENDED –
GROUP AND CHARITY
Cost of charitable activities
Ygam Innovation Limited
Total charitable activities
Costs of generating voluntary
income
Comparative resources
expended
Group and Charity
Cost of charitable activities
YGAM Innovation Limited
Total charitable activities
Costs of generating voluntary
income		 2023
Staff
costs
(note 8)
Other
direct
costs
Support
costs
(note 7)
Total
Costs
£
£
£
£
1,641,641
399,936
310,944
2,352,521
-
-
-
-
1,641,641
399,936
310,944
2,352,521
109,769
10,015
2,113
121,897
1,751,410
409,951
313,057
2,474,418
2022
Staff
costs
(note 8)
Other
direct
costs
Support
costs
(note 7)
Total
Costs
£
£
£
£
1,472,244
435,814
283,083
2,191,141
-
-
-
-
1,472,244
435,814
283,083
2,191,141
103,486
12,987
1,638
118,111
1,575,730
448,801
284,721
2,309,252		 2022
Total
Costs
£
2,191,141
-
2,191,141
118,111
2,309,252
2021
Total
Costs
£
1,930,411
8,255
1,938,666
30,006
1,968,672
6. RESOURCES EXPENDED INCLUDE – GROUP AND CHARITY 2023 2022
£ £
Auditor’s remuneration (excluding VAT):
- Audit fee 6,595 6,055
- Other services 1,435 1,320
Depreciation charge 16,529 7,218
Amortisation charge 11,507 13,297

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 £574,814 (2022: £247,950).

32

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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
Audit and accountancy fees
Trustees and meeting expenses
8. STAFF NUMBERS AND COSTS – GROUP AND CHARITY
Wages and salaries
Social security costs
Pension costs
Total employee costs
Agency staff costs
Total staff 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:		 2023
£
84,304
80,030
7,052
630
15,270
9,829
8,195
31,800
39,069
36,878
313,057
2023
£
11,886
24,992
36,878
2023
£
1,531,282
146,973
65,932
1,744,187
7,223
1,751,410
40
37		 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
-
1,575,730
40
36

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:
2023 2022
No. No.
£60,000 - £69,999 4 1
£70,000 - £79,999 - -
£80,000 - £89,999 - 1
£90,000 - £99,999 1 -
No employee received more than £100,000 during the year (2022: none above £90,000)

The key management personnel of the Charity are those persons having authority and responsibility for planning, directing and controlling the activities of the charity, directly or indirectly, including any Trustee of the charity. In addition to the Trustees, key management personnel includes the Principal Officers. Aggregate remuneration and benefits paid to key management personnel during the year amounted to £366,526 (2022: £318,882).

33

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE FINANCIAL STATEMENTS

9. TRUSTEES REMUNERATION AND BENEFITS

During the year. no members of the Board of Trustees received any remuneration (2022: £NIL). No members of the Board of Trustees received reimbursement during the year (2022: £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 2023
Additions
At 31 December 2023
Amortisation:
At 1 January 2023
Charge for the Year
At 31 December 2023
Net book value:
At 31 December 2023
At 31 December 2022		 Training
web portal
Total
£
£
66,874
66,874
6,138
6,138
73,012
73,012
26,984
26,984
11,507
11,507
38,491
38,491
34,521
34,521
39,890
39,890

34

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE FINANCIAL STATEMENTS

12. TANGIBLE FIXED ASSETS – GROUP

12. TANGIBLE FIXED ASSETS – GROUP
Cost:
At 1 January 2023
Additions
Disposals
At 31 December 2023
Depreciation:
At 1 January 2023
Charge for the Year
On Disposals
At 31 December 2023
Net book value:
At 31 December 2023
At 31 December 2022
TANGIBLE FIXED ASSETS - CHARITY
Cost:
At 1 January 2023
Additions
Disposals
At 31 December 2023
Depreciation:
At 1 January 2023
Charge for the Year
On Disposals
At 31 December 2023
Net book value:
At 31 December 2023
At 31 December 2022		 Fixture and
fittings
Computer
equipment
£
£
-
43,122
578
48,337
-
(10,665)		 Total
£
43,122
48,915
(10,665)
578
80,794		 81,372
-
21,469
145
16,384
-
(6,212)		 21,469
16,529
(6,212)
145
31,641		 31,786
433
49,153		 49,586
-
21,653		 21,653
Fixture and
fittings
Computer
equipment
£
£
-
42,789
578
48,337
-
(10,332)		 Total
£
42,789
48,915
(10,332)
578
80,794		 81,372
-
21,136
145
16,384
-
(5,879)		 21,136
16,529
(5,879)
145
31,641		 31,786
433
49,153		 49,586
-
21,653		 21,653

35

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE FINANCIAL STATEMENTS

13. INVESTMENTS -
Investment in subsidiary (note 13.1)
Listed investments (note 13.2)		 2023
Charity
Group
£
£
-
-
726,224
726,224
726,224
726,224		 2022
Charity
Group
£
£
1
-
676,931
676,931
676,932
676,931

13.1 INVESTMENT IN SUBSIDIARY – CHARITY

The investment in subsidiary relates to the wholly owned subsidiary, Ygam Innovation Limited, which was dissolved on 14 March 2023. These financial statements include the Group for comparison reasons. 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		 2023
2022
£
£
-
-
-
-
-
-
-
-
-
-
-
-
2023
2022
£
£
-
-
-
-
-
-
-
1
-
-
-
1
-
1
-
1
-
-
-
1

36

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE FINANCIAL STATEMENTS

13.2 LISTED INVESTMENTS – GROUP AND CHARITY

Listed Investments:
At 1 January 2023
Additions
Gain on revaluation
At 31 December 2023
At Cost		 2023
£
676,931
-
49,293
726,224
750,000		 2022
£
515,590
250,000
(88,659)
676,931
750,000

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 £5,801 (2022: £1,383).

14. DEBTORS

14. DEBTORS
Trade debtors
Accrued income
Prepayments
Other debtors		 2023
2022
Charity
Group
Charity
Group
£
£
£
£
93,477
93,477
100,230
100,230
203,331
203,331
3,770
3,770
58,002
58,002
33,972
33,972
5,263
5,263
1,665
1,665
360,073
360,073
139,637
139,637

All debtors are due within one year.

37

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE FINANCIAL STATEMENTS

15. CREDITORS DUE WITHIN ONE YEAR
Trade creditors
Deferred income
Taxation and social security
Other creditors
Accruals
Deferred income
Balance as at 1 January
Amount released to incoming resources
Amount deferred in the year
Balance as at 31 December		 2023
2022
Charity
Group
Charity
Group
£
£
£
£
12,767
12,767
27,813
27,813
1,464,608
1,464,608
458,615
458,615
55,350
55,350
58,976
58,976
36,797
36,797
32,754
32,754
48,649
48,649
50,324
50,323
1,618,171
1,618,171
628,482
628,481
458,615
458,615
1,137,890
1,137,890
(429,713)
(429,713)
(1,067,261)
(1,067,261)
1,435,706
1,435,706
387,986
387,986
1,464,608
1,464,608
458,615
458,615

For both 2023 and 2022, 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.

38

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE FINANCIAL STATEMENTS

16. FUND
RECONCILIATION –
GROUP AND
CHARITY
Subsidiary
General
Designated
Total unrestricted funds
Restricted:
Other funds
Playtech, re Head of Parental
Engagement
Caesars re 4 yr
apprenticeship
GVC re USE programme
National Education
Programme
Playtech re CEO, Head of
Finance, Board secretary
GIG re Safer Gambling
programme
Entain re Diverse
Communities programme
William Hill re strategy
development
Merkur re HSC programme
Gamble Aware system
stabilisation fund
Gambling Commission re
USE
Gamble Aware/GamCare re
EGEH
Playtech re Health and Social
Care (formerly MR)
Total restricted funds
Total funds		 Balance
at
31 Dec
2022
Income
Expenditure
Gain on
investments
Transfers
Balance at
31 Dec 2023
£
£
£
£
£
£
-
-
-
-
-
-
747,341
796,224
(362,328)
49,294
(404,741)
825,790
-
-
-
-
500,000
500,000
747,341
796,224
(362,328)
49,294
95,259
1,325,790
284
8,130
(8,414)
-
-
-
3
-
(3)
-
-
-
-
8,309
(8,309)
-
-
-
735
48,549
(42,990)
-
(6,019)
275
8,268
627,570
(602,820)
-
(24,996)
8,022
(1)
-
1
-
-
-
14,691
-
(3,671)
-
-
11,020
877
144,063
(126,931)
-
(17,770)
239
-
800
(800)
-
-
-
-
37,500
(37,500)
-
-
-
-
948,694
(948,694)
-
-
-
-
74,393
(64,966)
-
(9,095)
332
1,531
251,668
(220,315)
-
(30,844)
2,040
445
54,038
(46,678)
-
(6,535)
1,270
26,833
2,203,714
(2,112,090)
-
(95,259)
23,198
774,174
2,999,938
(2,474,418)
49,294
-
1,348,988

39

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE FINANCIAL STATEMENTS

Comparative
Fund
Reconciliation
–
Group and Charity
Subsidiary
General
Designated
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 CEO,
Head of Finance,
Board secretary
Playtech re HSC
London
GIG re Safer
Gambling
programme
GVC re Parental
Engagement -
resources
GVC re CRM
development
Entain re Diverse
Communities
programme
William Hill re
mktg, HR, admin,
board clerk
Merkur re HSC
programme
Gamble
Aware/GamCare
re EGEH
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)
(88,659)
-
774,174

40

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE FINANCIAL STATEMENTS

The designated fund is for strategic development, leadership and support costs.

The restricted funds are held for the following purposes:

At the end of each funded programme, and subject to the programme being delivered to the relevant funder's satisfaction, any remaining unspent funds are transferred to unrestricted funds in furtherance of Ygam's charitable objectives or returned to the funder depending on the terms and conditions of funding.

17. ANALYSIS OF NET ASSETS General Funds Restricted Total Funds
BETWEEN FUNDS – GROUP AND Funds
CHARITY
£ £ £
Intangible fixed assets 25,000 9,521 34,521
Tangible fixed assets 35,913 13,674 49,587
Investments 726,224 - 726,224
Debtors 120,173 239,900 360,073
Cash 574,686 1,222,068 1,796,754
Creditors due within one year (156,206) (1,461,965) (1,618,171)
1,325,790 23,198 1,348,988
Comparative analysis of net assets between funds
Group and Charity General Funds Restricted Total Funds
2022 Funds 2022 2022
£ £ £
Intangible fixed assets 6,961 14,692 21,653
Tangible fixed assets 27,752 12,138 39,890
Investments 676,930 - 676,930
Debtors 125,151 14,486 139,637
Cash 116,825 407,720 524,545
Creditors due within one year (206,278) (422,203) (628,481)
747,341 26,833 774,174

41

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE FINANCIAL STATEMENTS

18. PROVISIONS AND FUNDING COMMITMENTS

The Charity has no recognised funding commitments or provisions as at the 31 December 2023 (2022: none).

19. LEASES

The Charity has not entered into any operating or finance leases during the year to 31 December 2023 (2022: 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 2023 is £8,397 (2022: £7,711).

21. RELATED PARTY TRANSACTIONS

There were no related party transactions during the year to 31 December 2023 (2022: 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		 2023
£
2022
£
726,224
676,930
1,796,754
524,545
93,477
100,230
203,331
3,770
200
1,665
2,819,986
1,307,140
12,767
27,813
87,084
32,754
48,650
50,324
148,501
110,891

42

YOUNG GAMERS AND GAMBLERS EDUCATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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
NET MOVEMENT IN FUNDS
RECONCIILIATION OF FUNDS
Total funds at 1 January
16
Total funds at 31 December
16		 Unrestricted
Funds
2022
Restricted
Funds
2022
Total
Funds
2022
Total
Funds
2021
£
£
£
£
973,524
-
973,524
354,638
183,573
1,486,730
1,670,303
1,767,547
2,034
-
2,034
1,359
1,159,131
1,486,730
2,645,861
2,123,544
118,111
-
118,111
30,006
761,868
1,429,273
2,191,141
1,938,666
879,979
1,429,273
2,309,252
1,968,672
(88,659)
-
(88,659)
15,589
190,493
57,457
247,950
170,461
72,429
(72,429)
-
-
262,922
(14,972)
247,950
170,461
484,419
41,805
526,224
355,763
747,341
26,833
774,174
526,224

43