OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

Charity number: 1184114

GAMBLING WITH LIVES

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Chairman's Statement 2
Trustees' Report 3 - 14
Independent Auditors' Report on the Financial Statements 15 - 18
Statement of Financial Activities 19
Balance Sheet 20
Statement of Cash Flows 21
Notes to the Financial Statements 22 - 31

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023

Trustees C Ritchie, Co-chair
E Katis, Co-chair
G Challis, Trustee
T Furness, Trustee
D I H Campbell, Treasurer
P Keogh, Trustee
L White, Trustee
S Singh, Trustee
Charity registered
number
1184114
Principal office
The Circle
33 Rockingham Lane
Sheffield
S1 4FW
Strategy director
Director of operations
and people
W Prochaska
J Dawson
Independent auditors
Shorts
Chartered Accountants
Statutory Auditor
2 Ashgate Road
Chesterfield
S40 4AA
Bankers
Virgin Bank
66 Fargate
Sheffield
S1 2HE
Solicitors
Lupton Fawcett LLP
The Synergy Building
Belgrave House
47 Bank Street
Sheffield
S1 2DR

Page 1

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

STATEMENT FROM THE CO-CHAIR OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

The co-chair of trustees presents his statement for the year.

This year has seen Gambling with Lives make astonishing progress both in our influence on policy, and in our organisational development.

The charity played a pivotal role in catalysing the eventual publication of the Government’s Gambling Act Review White Paper, which after years of delay was finally delivered on 27th April 2023.

The White Paper, whilst imperfect, represents an inflection point for gambling regulation in the UK. Within it are acceptances that gambling products are the source of harm, not a set of vulnerable individuals; that people shouldn’t be lured into spending more than they can afford; and that funding of research, education, and treatment, should be wholly independent of the gambling industry. These are significant victories for Gambling with Lives, however the detailed implementation of the associated policies have been put out for further consultation, which in effect means another delay.

Gambling with Lives is well placed to continue to engage with the process until the policies become law, and we will continue our work to advocate for further changes to legislation to prevent future deaths.

The development of the charity’s programmes also took strides forward in the year. Our family support team supported over 120 individuals, and at one point was receiving a referral of a new family bereaved by gambling suicide each week. This is a tragic reminder of why Gambling with Lives work is necessary, but it is positive that more families seem to be able to ask for support, and also that they are seemingly approaching us sooner after the death of their loved one.

The charity supported five families to prepare for an inquest into the death of their family members, not least the Ashton family, whose inquest into the death of Luke concluded in June 2023. The coroner who presided over Luke’s inquest found, for the first time, that Gambling Disorder was a medical cause of death, and made critical conclusions of the operator who Luke was gambling with before he died. The media attention into the inquest, and a flurry of parliamentary activity around the case, demonstrate the continued importance of inquests in shining a light on the harm the gambling industry is causing, and driving the case for change. Gambling with Lives is critical to that process.

Our education work made significant progress with the completion of an evaluation into the impact of our materials, which showed that the young people who take the course are significantly better informed and are much less likely to be lured into gambling on the most addictive products. Our treatment pathway work with Greater Manchester Combined Authority also evolved into the soft launch of a new programme called Chapter One, which will provide information and training to ensure that people who need treatment get the right support at the right time.

The year ahead brings with it uncertainties over the future regulation of gambling in the UK. What is clear is that Gambling with Lives has a central role in helping to form what that system of regulation will look like, and in responding to the harm that will inevitably continue to be caused by the gambling industry.

Charles Ritchie Co-Chair of Trustees

Date: 18 August 2023

Page 2

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their annual report together with the audited financial statements of the Gambling with Lives for the year 1 April 2022 to 31 March 2023.

Objectives and activities

Policies and objectives

Gambling with Lives aims to:

To deliver against the objectives the charity is developing a range of activities, including:

Achievements and performance 1 April 2022 - 31 March 2023

Impact

The following table outlines the key areas of impact through the work undertaken by Gambling with Lives in the UK during this period.

Impact Impact
Family & friends supported following a gambling
related bereavement.		 120
Number of hours provided in Therapeutic support to
those bereaved by Gambling related suicide.		 250
Families supported through inquests. 5
Young people Educated about Gambling Harms
through our education programme.		 3,894
The % of Education participants who are more aware
of the risks of the most harmful product types.		 82%
Professionals trained to deliver Gambling Harm
Education.		 164
Members of the public who have shown support for
the BIG Step Campaign through a signed petition to
government.		 Over 100,000
Members of the public who have signed petitions
supported by Gambling With Lives.		 191,875
Number of times in the year Gambling with Lives has
been mentioned in media coverage.		 5,690

Page 3

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

(continued)

Family support

“The support you have built in only a matter of years is incredible. I am forever grateful for finding Gambling with Lives for the family.” Family service user

Gambling with Lives is the only charity established to support those bereaved by gambling-related suicide and to respond to the complexities of this kind of loss. In the year the charity’s expert team included an experienced Mental Health Nurse, staff with experience of inquest, debt and probate proceedings, those with lived experience of gambling-related bereavement, and expert third party therapists.

In the year over 120 family members and friends were provided with a range of support including the facilitation of multiple peer to peer support sessions; over 250 hours of specialist therapy sessions, sometimes to multiple members of the same family; 5 families were supported to navigate inquests including the provision of expert legal advice; hardship funds were provided to two families who suffered as a result of debts left by their loved one’s gambling; and a range of advocacy events were delivered that helped to provide a platform for families, and to foster the community.

The year also saw the continued leadership of the charity by families bereaved by gambling related suicide, not just directly on the board of trustees, but also throughout the charity’s programme areas. The views of bereaved families were central to the development of the charity’s treatment pathway work, the future development of the education programme, work on research, and across the charity’s areas of advocacy.

Service offer

When a referral is received following a bereavement, the team responds within 24 hours. The team receives the family, listens, and then develops a tailored support plan.

Working holistically, the charity’s support includes:

Community

A key part of the charity’s work is ensuring that bereaved families are listened to, and that they have opportunities to support one another and feel less alone. This is facilitated through online sessions, in-person meetings and events.

Specialist counselling and therapy

It’s crucial that those bereaved by suicide can access specialised treatment and support, tailored to their needs and the circumstances of their loss. Gambling with Lives’s in-house team assess the mental health needs of family members, and arrange counselling and specialist therapy, free of charge, to help them navigate the impact.

Investigatory support

Bereaved families want to find out what happened, what could have been done better to prevent their loved one’s death, and what should change to stop it from happening again. The charity’s expert team help families to secure records from banks, gambling operators, and health care providers. The team analyse those records to help families to learn what happened, and offer advice on possible avenues of recourse that might be open to families.

Page 4

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

(continued)

Support through legal proceedings

If a family wishes to expand an inquest to include an investigation of the role of gambling, disclose information to the Gambling Commission, or pursue civil proceedings to try and change the law, the Gambling with Lives team guide them through these processes, facilitating access to legal support and ensuring someone is with them at each stage.

"At the beginning i didint know what any of it [the inquest process] meant, and Gambling with Lives were able to help me through that and find what i needed to do." Family service user.

Support to make disclosures to the Gambling Commission

The Gambling Commission is the regulator of gambling in the UK. In the year Gambling with Lives worked with the Gambling Commission to develop a supportive pathway for families to make disclosures to them in a safe way. Gambling with Lives supported the first family to make such a disclosure, which was used to inform Gambling Commission regulatory action taken against an operator, and is being used to inform the development of Gambling Commission policy. The family were able to receive additional information about their loved one’s gambling, which they were unable to receive directly from the operator.

"Gambling with Lives have been amazing with the inquest and looping us in with people we would never have met up with otherwise. It’s been helpful and healing to be able to go through the details of it, which we might never have been able to do. And we got an investigation into the gambling company by the gambling commission which we also may have struggled to do. The legal support has been valuable, without Gambling with Lives, we probably would have just got a short 15-minute inquest, without any way of reopening it and we are just so lucky they have been there with their knowledge and experience to guide us through it.” Family supported through investigation, inquest and GC disclosure.

Practical support

The charity helps to alleviate the stressful practical matters that can come with a bereavement, helping with funeral arrangements, hardship support, debt, and probate advice.

Support to manage the press and broader public attention

The Gambling with Lives team work with families to ensure their wishes are respected by the press when reporting on what happened to their loved one. This includes proactively approaching the press, and reactive press management services. Families are also supported by the Gambling with Lives team and the charity’s expert legal advisers when experiencing harassment on social media that emanates from elements of the gambling industry and their supporters. In the year three families experienced abuse on social media which the Gambling with Lives team supported them through.

Policy, media and events

In the year Gambling with Lives had a substantial impact on the eventual publication of the Gambling Act Review White Paper on 27[th] April 2023, evidenced by the mention of the charity’s work in parliament by the Secretary of State when announcing it, and the citation of the Jack Ritchie inquest in the White Paper itself, the conclusions of which the charity’s work was significant in supporting.

The White Paper contains a host of policies that Gambling with Lives was instrumental in advocating for including:

Page 5

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

(continued)

The White Paper does not go far enough to reform the industry, with the most notable gap being the lack of any action on gambling advertising. However, the Premier League did decide to voluntarily ban gambling advertising on the front of football shirts, which Gambling with Lives’ Big Step campaign was fundamental in achieving.

In addition to achieving significant commitments to reform the Gambling Act, Gambling with Lives’ advocacy work contributed to broader areas of policy formulation, notably on suicide prevention and the development of treatment pathways for gambling addiction. Gambling will be included as a key risk factor in the upcoming new National Suicide Prevention Plan.

Activities in the year that helped the charity to achieve its policy aims included:

Page 6

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

(continued)

The Big Step

The Big Step is a Gambling with Lives campaign to end all gambling advertising and sponsorship through football. Football is an important campaign focus as it is one of the most common routes into gambling for young people in the UK.

The focus of the Big Step’s policy asks in the year was for the Government to take significant action on gambling advertising in football, but failing that for football to take voluntary measures to limit gambling promotion.

In April 2023 the Premier League announced that it would voluntarily commit to an end to gambling logos appearing on the front of its teams’ football shirts. Whilst this doesn’t come close to being enough to limit harm, it is a highly significant step as it marks an acceptance that gambling advertising is harmful, and will be the first step in an eventual end to all gambling advertising in football.

In the year the Big Step held three walks between football clubs demanding action, visiting over fourteen stadiums in total. This included two family-led walks in memory of people lost to gambling suicide. The first in July 2022 was a walk from Manchester to Liverpool in memory of Ryan Myers and the second a walk from Sheffield to Leeds in October 2022 in memory of Kimberly Wadsworth. In March 2023 the Big Step held their final walk before the aforementioned Premier League announcement, with a Newcastle - Sunderland - Middlesbrough walk. Over 100 people harmed by gambling took part in these events which all gained widespread national and local media coverage, as well as attendance and support from over 15 local MPs. The walks helped gained attention and signatures for The Big Step petition to end gambling sponsorship in football, reaching over 100,000 signatories during the walk in March 2023.

Research

In the year Gambling with Lives’ contribution to the advancement of research on gambling harms focussed on supporting families to engage with a project that is examining families’ experiences of inquests, and further research to explore gambling related suicide which is funded by a Gambling Commission regulatory settlement. This work will commission research teams to explore gambling suicide in the UK from a qualitative and quantitative perspective, to inform further regulation and the charity’s own programmes, most notably work on treatment pathways.

Education

Gambling education in the UK continues to be dominated by programmes that are influenced by the gambling industry through long-term funding relationships, with Gambling with Lives’ education offer one of the only independent alternatives.

Page 7

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

(continued)

Launched in 2021, Gambling with Lives’ ground-breaking education programme is aimed at preventing gambling harms in young people. Created by people with lived experience of gambling harms, academics, teachers, award-winning filmmakers, and education experts, the programme aims to provide young people with vital information so that they know the risks of engaging with harmful gambling products.

During the financial year Gambling with Lives’ education programme pilot engaged with its 3,500[th] participant. An independent evaluation of the pilot found that, amongst participants the programme, led to 82% and 71% decreases in the likelihood of gambling on the most addictive products - online casino and online slot machine gambling – respectively, and a 27% increase in understanding of products with the greatest risk.

In the year Gambling with Lives developed further partnerships in Great Britain and Northern Ireland that will see the roll out of a train-the-trainer model in 2023/24. The train-the-trainer model, in combination with other delivery models and an e-learning platform, will enable Gambling with Lives’ education materials to be delivered at a greater scale.

“I see now that people harmed by gambling are good people that have been harmed, and it's not their fault and that they need help." Young person after receiving Gambling with Lives education.

Treatment and care pathway

In the first quarter of 2023, in partnership with Greater Manchester Combined Authority, Gambling with Lives soft-launched Chapter One – a new brand that will provide information and training to help people experiencing gambling harm to get the right help at the right time.

Through a website and digital resources, those experiencing gambling harms are given independent, free, factbased information on the causes and signs of gambling addiction, tools to protect themselves, support and treatment options that are available and proven to work.

Chapter One also provides dedicated information and guidance for those who are close to someone experiencing gambling addiction, helping them understand what their loved one might be going through, and how and why they should help. By accessing Chapter One resources, those experiencing gambling harm and affected others know that they are not alone, that it’s not their fault, and that there is help available.

As well as supporting the public, Chapter One provides resources and training for professionals who may encounter someone experiencing gambling harms, like those in primary healthcare or intermediaries such as Citizens Advice Bureaus. At the financial year end, a pilot programme to deliver the training and promote the website got underway in Manchester. Once evaluated, we plan for Chapter One’s materials to be made available nationally.

Income generation

In the financial year to 31[st] March 2023 Gambling with Lives achieved a modest income of £100,040 whilst the charity continued to spend down money, as planned, from its unrestricted reserve. Plans were made in the year to significantly increase fundraising activity, with an initial focus on regulatory settlements and trusts and foundations whilst an offer to statutory bodies is developed and public, major donor and corporate fundraising opportunities explored.

Shortly after the financial year end, a grant of £350,000 was secured from a regulatory settlement for the furtherance of the charity’s education work and a fundraising strategy was developed, with several applications to trusts and foundations accompanying the start of the strategy’s implementation, and efforts towards a sustainable and diverse financial footing in the years ahead.

Page 8

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

(continued)

Whilst Gambling with Lives does accept donations from the general public, we do not solicit donations from the general public through third-party fundraisers and we have not received any complaints in respect of our fundraising activities in the year.

We are compliant with the General Data Protection Regulation and all relevant codes of conduct for our fundraising activities.

Development of Gambling with Lives core team and infrastructure

In the financial year Gambling with Lives was able to accelerate the development of its core team, systems and processes to achieve its charitable objectives. At the year end the employed team grew to include:

The co-chairs have continued to work full time for the charity on a voluntary basis.

The team are supported by an IT provider called APEX IT; a specialist charity financial management provider called Balance Creations; a HR management provider called People HR and recruitment and consulting expertise from Eastside People.

The year ahead and beyond

Enhancing support for bereaved families

At the time of writing the charity’s Education and Events Manager has moved teams to become a Community and Events Manger, with a remit to help foster the community element of Gambling with Lives’ support offer to families. A range of community focussed events and remote opportunities for families to engage with each other are being planned based on feedback from the families that the charity currently supports.

In the year ahead the service will continue to be refined as the charity continues to learn more about the variety and complexity of needs of different families as they find new ways to survive following their loss.

Policy and events

The policies detailed in the Government’s White Paper will require further consultation before being drafted for secondary legislation. The consultation and implementation processes are being led by DCMS and by the Gambling Commission and will run from 2023 - 2025. Gambling with Lives will need to allocate significant leadership capacity to effectively respond to the consultations to ensure that the views of the charity and of bereaved families are adequately represented.

Further activities to ensure that additional policy improvements are not overlooked will continue, focussing largely on the need to end all gambling advertising, and for a greater role for the Department of Health and Social Care in the oversight of gambling. Plans are underway to attend both the Conservative and Labour Party conferences, as well as to begin to engage with the Scottish Government to prepare for the creation of specialist gambling addiction services there.

Page 9

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

(continued)

Research

Gambling with Lives’ work on research in 2023/2024 is likely to focus on supporting families to engage with a large scale research project that is being funded by a Gambling Commission regulatory settlement that will explore gambling related suicide.

Education

At the time of writing Gambling with Lives has received confirmation of £350,000 regulatory settlement funding to further the education programme. The project will develop and evaluate different delivery models to deliver the charity’s education materials at scale across the UK.

Treatment and care pathway

The year ahead will see the pilot of Chapter One in Greater Manchester in partnership with Greater Manchester Combined Authority. The training materials and offer for affected others will continue to be developed before being evaluated by an independent evaluation partner and ultimately prepared to be offered in other areas of the UK.

Financial review

Summary

The Statement of Financial Activities shows a net deficit for the year to 31 March 2023 of £949,314. The balance sheet discloses net assets of £1,680,590.

The net deficit was expected given that funds were received in the prior year which were planned to be spent during 2023 onwards.

Reserves policy

Gambling with Lives maintains reserves to ensure a level of working capital that protects the continuity of the charity’s core work, and to provide cover for risks such as unforeseen expenditure or unanticipated loss of income. The current target level of reserves is £570,138 set as the equivalent of 6 months’ of planned operating expenditure.

The Board of Trustees will review the target level of reserves annually with reference to the charity’s strategy and annual budget.

In addition to holding a reserve, trustees will at times designate money from unrestricted funds for significant or pre-committed project costs or replacement of major assets.

Page 10

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

In the financial year 2023 to 2024 the Board of Trustees has chosen to designate £190,391 as follows:

£ Designation
£80,000 This figure has been assigned to facilitate legal advice
to families requiring support to pursue strategically
important inquests, explore civil action against
gambling operators, and to secure debt and probate
advice.
£40,991 This figure represents a commitment within a
fundraising bid that would see the charity deliver
advocacy efforts in Scotland to increase the provision
of evidence-based treatment for gambling disorder in
the nation and across the UK. The outcome of the
fundraising bid will be known by October 2023.
£69,400 This figure represents a commitment within a
fundraising bid that would see the charity deliver
advocacy efforts in Scotland to increase the provision
of evidence-based treatment for gambling disorder in
the nation and across the UK. The outcome of the
fundraising bid will be known by October 2023.
£190,391

Principal risks and uncertainties

Gambling with Lives has established itself as a small charity with an outsized impact, upon which a number of families, as well as themes of reform, are dependent. The charity was established through a combination of a one-off donation from a high-net-worth donor, and a large grant in lieu of a regulatory settlement.

Whilst those funds helped to establish the charity quickly, they made it harder to develop sustainable sources of income from traditional charity sources, such as trusts and foundations, because many trusts and foundations will only fund charities with a maximum of 9-12 months of reserve.

However, unlike other charities with that level of reserves, Gambling with Lives’ funds are depleting at a faster rate because the charity hasn’t grown using phased grants from a broad range of sources as would typically be the case for charities of a similar size. For that reason, sustainable income is a principal risk and uncertainty for the organisation.

To mitigate this risk the charity has employed a dedicated full time Head of Fundraising and has begun work to explore the range of income streams available to it. In the medium term, the development of a statutory levy to pay for research, education, treatment, and prevention, should become a source of sustainable funding for Gambling with Lives. The implementation of a statutory levy is now Government policy, and funds should start to flow from it in 2025.

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Page 11

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Structure, governance and management

Constitution

Gambling with Lives was incorporated as a Charitable Incorporated Organisation (CIO) on 26th June 2019 (Charity Number 1184114).

Gambling with Lives is established under a CIO constitution which set out the objects and powers of the charity. If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities

During the year the charity was led by its Chairs, Strategy Director and Director of Operations & People in a collaborative leadership model.

Members of the board

The trustees who served during the year were as follows:

Charles Ritchie Elisabeth Katis Gregory Challis Timothy Furness Peter Keogh David Campbell Leroy White Smriti Singh

Following the year end, Professor Janet O’Sullivan, Vice-Master and Director of Studies in Law of Selwyn College Cambridge, has been appointed to join the board.

Recruitment and appointment of trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Trustees are recruited for their expertise by experience of gambling related suicide and/or for their expertise by profession. Role descriptions exist for the treasurer and co-chairs and are being developed for other members of the board.

Trustees do not receive remuneration for their work for Gambling with Lives but do have expenses reimbursed for expenses incurred solely in the pursuit of charity business.

Recruitment and appointment of key management personnel

Key management personnel, such as the Strategy Director and Director of Operations, are recruited with the support of external HR expertise. Employee salaries and benefits are set using third party support to benchmark against norms for the charity sector.

Page 12

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Members' liability

If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.

Public benefit

The trustees believe that the objectives and activities described above clearly demonstrate the public benefit derived from the charity’s operations.

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

Page 13

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Auditors

The auditors, Howard Freeman, Shorts, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees and signed on their behalf by:

C Ritchie

(Co-Chair of Trustees) Date: 18 August 2023

Page 14

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF GAMBLING WITH LIVES

Opinion

We have audited the financial statements of Gambling with Lives (the 'charity') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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 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.

Page 15

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF GAMBLING WITH LIVES (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.

Matters on which we are required to report by exception

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

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the 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.

Page 16

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF GAMBLING WITH LIVES (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 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 Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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:

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

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

Page 17

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF GAMBLING WITH LIVES (CONTINUED)

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 non-compliance. 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 Auditors' 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 Auditors' 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 its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.

Shorts Chartered Accountants Statutory Auditor 2 Ashgate Road Chesterfield S40 4AA 18 August 2023

Shorts are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 18

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Note
Income from:
Donations and legacies
4
Expenditure on:
Charitable activities
5
Net expenditure
Transfers between funds
11
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2023
£
70,040
714,278
(644,238)
(924)
(645,162)
2,167,697
(645,162)
1,522,535		 Restricted
funds
2023
£
30,000
335,076
(305,076)
924
(304,152)
462,207
(304,152)
158,055		 Total
funds
2023
£
100,040
1,049,354
(949,314)
-
(949,314)
2,629,904
(949,314)
1,680,590		 Total
funds
2022
£
535,637
702,959
(167,322)
-
(167,322)
2,797,226
(167,322)
2,629,904

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 22 to 31 form part of these financial statements.

Page 19

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

BALANCE SHEET AS AT 31 MARCH 2023

Note
Current assets
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
Net current assets
Total net assets
Charity funds
Restricted funds
11
Unrestricted funds
11
Total funds		 61,663
1,652,900
1,714,563
(33,973)		 2023
£
1,680,590
1,680,590
158,055
1,522,535
1,680,590		 33,660
2,626,862
2,660,522
(30,618)		 2022
£
2,629,904
2,629,904
462,207
2,167,697
2,629,904

The financial statements were approved and authorised for issue by the Trustees on 18 August 2023 and signed on their behalf by:

C Ritchie

(Co-Chair of Trustees)

The notes on pages 22 to 31 form part of these financial statements.

Page 20

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

Note
Cash flows from operating activities
Net cash used in operating activities
14
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
15
The notes on pages 22 to 31 form part of these financial statements		 2023
£
(973,962)
(973,962)
2,626,862
1,652,900		 2022
£
535,802
535,802
2,091,060
2,626,862

Page 21

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

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

1. General information

Gambling With Lives is a Charitable Incorporated Organisation, incorporated on 26th June 2019 (registered charity number: 1184114). Its registered office is The Circle, 33 Rockingham Lane, S1 4FW. The objectives of the charity are set out in the trustees report.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Gambling with Lives meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Page 22

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

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

2. Accounting policies (continued)

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Debtors

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

2.5 Cash at bank and in hand

Cash at bank and 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.

2.6 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.7 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 23

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

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

2. Accounting policies (continued)

2.8 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.9 Fund accounting

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

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and 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.

3. Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The directors have not identified any key accounting estimates or judgements.

4. Income from donations and legacies

Donations
Grants
Total 2022		 Unrestricted
funds
2023
£
70,040
-
70,040
37,637		 Restricted
funds
2023
£
30,000
-
30,000
498,000		 Total
funds
2023
£
100,040
-
100,040
535,637		 Total
funds
2022
£
37,637
498,000
535,637

Page 24

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

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

5. Expenditure on charitable activities

Unrestricted
funds		 Restricted
funds		 Total
funds		 Total
funds
2023 2023 2023 2022
£ £ £ £
Awareness raising and events 37,974 23,514 61,488 103,376
Family support services 58,323 1,478 59,801 47,893
Research - - - 2,200
Education 10,967 - 10,967 27,773
Treatment pathway - 258,446 258,446 11,362
Interim support and recruitment fees 38,906 - 38,906 81,156
Wages and salaries (note 7) 461,645 44,737 506,382 342,127
IT costs 30,206 320 30,526 21,020
Insurance 3,421 - 3,421 2,944
Telephone and internet 851 - 851 167
Professional fees 23,659 - 23,659 21,783
Staff training and welfare 4,274 - 4,274 4,895
Travel and subsistence 43,977 6,581 50,558 35,968
Bank charges 75 - 75 295
Total 2023 714,278 335,076 1,049,354 702,959
667,166 35,793 702,959

Total 2022

The charity operates in such a way that it needs significant resource in terms of staff and volunteers. The wages and salaries are shown in the above table but have been analysed further in note 7 to demonstrate which activities these costs are attributable to in order to provide a better uderstanding of the organisation and it's activities.

6. Auditors' remuneration

2023 2022
£ £
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts 8,220 6,000
Fees payable to the Charity's auditor in respect of:
All non-audit services not included above 5,500 4,020

Page 25

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

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

7. Staff costs

Wages and salaries
Social security and other costs
Contribution to defined contribution pension schemes		 2023
£
431,202
45,718
29,462
506,382		 2022
£
295,662
27,050
19,415
342,127

The average number of persons employed by the Charity during the year was as follows:

2023 2022
No. No.
Average Employees 9 7

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2023 2022
No. No.
In the band £60,001 - £70,000 1 -
In the band £70,001 - £80,000 1 -

Key management personnel is considered to be the Strategic Director and the Director of Operations & People. Total key management personnel benefits paid through payroll for the year ended 31 March 2023 is £141,612 (2022: £53,363), however for a period of the year the Strategic Director was paid in a freelance capacity (see note 18).

The charity encourages an active board and invites trustees to get involved in the various activities which the charity undertakes. In particular, the two co-chairs and founders of the charity offer significant additional volunteer time to organise and support various events and functions within the charity. They do not receive any remuneration for this time.

Analysis of staff cost by activity
Family service
Education
Treatment pathway
Awareness raising and events
Big Step
Central services		 2023
£
157,454
92,265
42,923
53,601
42,889
117,250
506,382		 2022
£
125,825
64,499
15,496
43,328
42,433
50,546
342,127

Page 26

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

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

8. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .

During the year ended 31 March 2023, expenses totalling £ 2,085 were reimbursed or paid directly to 2 Trustees (2022: £2,771 to 3 Trustees) in respect of travel costs.

9. Debtors

Due within one year
Other debtors
Prepayments and accrued income		 2023
£
33,403
28,260
61,663		 2022
£
-
33,660
33,660

10. Creditors: Amounts falling due within one year

Trade creditors
Other creditors
Accruals and deferred income		 2023
£
22,163
1,810
10,000
33,973		 2022
£
22,218
-
8,400
30,618

Page 27

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

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

11. Statement of funds

Statement of funds - current year

Balance at 1
April 2022
£
Income
£
Expenditure
£
Transfers
in/out
£
Balance at
31 March
2023
£
Unrestricted funds
General Funds - all funds
2,167,697
70,040
(714,278)
(924)
1,522,535
Restricted funds
Treatment pathways
462,207
-
(304,152)
-
158,055
Labour party conference
-
30,000
(30,924)
924
-
462,207
30,000
(335,076)
924
158,055
Total of funds
2,629,904
100,040
(1,049,354)
-
1,680,590
During the year, the trustees agreed to transfer an amount of unrestricted funds totalling £924 to the
restricted labour party conference fund in order to meet expenses over and above the amount supported
by the donor.
Statement of funds - prior year
Balance at
6 April 2021
£
Income
£
Expenditure
£
Transfers
in/out
£
Balance at
31 March
2022
£
Unrestricted funds
General Funds
2,797,226
37,637
(667,166)
-
2,167,697
Restricted funds
Treatment pathways
-
498,000
(35,793)
-
462,207
Labour party conference
-
-
-
-
-
-
498,000
(35,793)
-
462,207
Total of funds
2,797,226
535,637
(702,959)
-
2,629,904		 Balance at
31 March
2023
£
1,522,535
158,055
-
158,055
1,680,590
Unrestricted funds
General Funds
Restricted funds
Treatment pathways
Labour party conference
Total of funds
462,207
-
462,207
2,629,904

During the year, the trustees agreed to transfer an amount of unrestricted funds totalling £924 to the restricted labour party conference fund in order to meet expenses over and above the amount supported by the donor.

Page 28

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

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

12. Summary of funds

Summary of funds - current year

Balance at
Balance at 1 Transfers 31 March
April 2022 Income Expenditure in/out 2023
£ £ £ £ £
General funds 2,167,697 70,040 (714,278) (924) 1,522,535
Restricted funds 462,207 30,000 (335,076) 924 158,055
2,629,904 100,040 (1,049,354) - 1,680,590
Summary of funds - prior year
Balance at
Balance at 31 March
6 April 2021 Income Expenditure 2022
£ £ £ £
General funds 2,797,226 37,637 (667,166) 2,167,697
Restricted funds - 498,000 (35,793) 462,207
2,797,226 535,637 (702,959) 2,629,904

13. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
Current assets
1,556,508
Creditors due within one year
(33,973)
Total
1,522,535		 Restricted
funds
2023
£
158,055
-
158,055		 Total
funds
2023
£
1,714,563
(33,973)
1,680,590

Page 29

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

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

13. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Unrestricted
funds
2022
Restricted
funds
2022
£
£
Current assets
2,198,315
462,207
Creditors due within one year
(30,618)
-
Total
2,167,697
462,207
Reconciliation of net movement in funds to net cash flow from operating activities
2023
£
Net expenditure for the year (as per Statement of Financial Activities)
(949,314)
Adjustments for:
Decrease/(increase) in debtors
(28,003)
Increase in creditors
3,355
Net cash provided by/(used in) operating activities
(973,962)
Analysis of cash and cash equivalents
2023
£
Cash in hand
1,652,900
Total cash and cash equivalents
1,652,900		 Total
funds
2022
£
2,660,522
(30,618)
2,629,904
2022
£
(167,322)
688,475
14,649
535,802
2022
£
2,626,862
2,626,862

14. Reconciliation of net movement in funds to net cash flow from operating activities

15. Analysis of cash and cash equivalents

Page 30

DocuSign Envelope ID: 32B76E8B-B512-4D43-B450-08742FCAA7BADocuSign Envelope ID: 2FB8A221-7D60-49BC-90CC-A2760E7C57DC

GAMBLING WITH LIVES

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

16. Analysis of changes in net debt

Cash at bank and in hand At 1 April
2022
£
2,626,862
2,626,862		 Cash flows
£
(973,962)
(973,962)		 At 31 March
2023
£
1,652,900
1,652,900

17. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £29,462 (2022: £20,327). Amounts totalling £nil (2022: £nil) were payable to the fund at the balance sheet date and are included in creditors.

18. Related party transactions

During the year, amounts totalling £1,200 (2022: £19,457) were paid to Pukka Films. The director of Pukka Films is a close family member of a trustee of the charity. At the year end amounts were owing to Pukka Films totalling £nil (2022: £144) and are included in creditors.

Will Prochaska was working for the organisation on a freelance basis, but re-joined the charity as Strategic Director in a full time employed capacity in May 2022. During the year, Gambling With Lives paid Will Prochaska amounts totalling £18,162, £9,930 of which was for work in the previous year, (2022: £43,811) in respect of his self-employed consultancy services. At the year-end amounts were owing to Will Prochaska totalling £nil (2022: £9,930) and are included in creditors.

All related party transactions are considered to have been carried out under normal market conditions by the Trustees.

Page 31