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2022-12-31-accounts

REGISTERED COMPANY NUMBER: CE024451 (England and Wales) REGISTERED CHARITY NUMBER: 1192907

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2022

for

THE EPIC RESTART FOUNDATION

NRB 1st Floor Waterside House Waterside Drive Wigan Lancashire WN3 5AZ

THE EPIC RESTART FOUNDATION

Contents of the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2022

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Cash Flow Statement 7
Notes to the Cash Flow Statement 8
Notes to the Financial Statements 9 to 13
Detailed Statement of Financial Activities 14

THE EPIC RESTART FOUNDATION

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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).

Objectives and activities

The EPIC Restart Foundation is a UK registered charity which supports people to recover from the effects of a gambling disorder. Our objective is to provide person-centred, practical support that empowers those recovering from gambling harm to positively restart their lives. We serve the whole UK, working with individuals in recovery (i.e. post-treatment or otherwise abstinent after gambling harm, but needing further support).

People can find themselves at rock bottom after suffering gambling harm. Poor mental health, broken relationships, depression and anxiety as well as isolation, stigma and lack of confidence all increase the high risk of relapse. The Covid 19 pandemic has exacerbated risk factors including social isolation and financial insecurity.

Working with expert delivery partners, the EPIC Restart Foundation offers life changing events, personal development workshops and intensive mentoring and coaching. Our programmes inspire and empower participants by providing constructive tools to overcome isolation, develop new coping strategies and a sense of purpose, increase self-awareness and resilience, rebuild relationships and gain new skills to support recovery. We restore confidence and self-belief that enables people to rebuild their lives after gambling harm and help sustain a positive recovery, with reduced vulnerability to the risk of relapse.

Public benefit

The principal objective of the Foundation is to provide practical support to help those recovering from gambling harm to positively restart their lives. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Foundation's aims and objectives and in planning future activities and funding policies.

Page 1

THE EPIC RESTART FOUNDATION

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2022

Strategic report Achievement and performance Charitable activities

Our activities and achievements in 2022 included:

How we fulfilled our objectives in 2022

The Foundation works collaboratively with healthcare professionals, learning and development experts, clinical therapists and those with lived experience of gambling harm to develop and deliver a programme of activities that supports the National Strategy to Reduce Gambling Harm.

Delegates recovering from gambling harm were referred to the Foundation from a wide variety of sources including clinical treatment providers, connected charities, self-referrals, and other recommendations. Delegates were supported by their mentors throughout their programme for up to 6 months, focussing on goal-setting and action planning to identify the next steps in their personal journey of recovery.

Independent external monitoring and evaluation was undertaken to examine the level of participation, changes in skills, personal resources, and life changes amongst delegates. Internal evaluation captured feedback from events to help shape future activities.

A wide range of benefits are being reported by those taking part in our programme including:

Future plans include launching new thematic programmes that focus on building the core elements of recovery capital: mental health and wellbeing, connection and relationships, resilience & self-worth and practical skills for recovery. We shall also scale up our work to reach more people, extending the Foundation's offer to a wider range of participants, including hard to reach groups, creating a more diverse, accessible, and user-led offering to deliver greater impact.

Financial review

Total income in the period was £344,920, secured from charitable funds raised to support the Foundation and its programme. The trustees' intention is to limit the overhead expenditure to 20% of income. The Foundation's principal source of income was from charitable funding; corporate charitable donations and personal donations. The trustees do not accept donations from any company or organisation which might result in fettering or dictating our activities or creates a conflict of interest. Our aim in future years is to build a financially sustainable operating model that delivers maximum impact and supports long term growth and development.

Page 2

THE EPIC RESTART FOUNDATION

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2022

Strategic report Financial review

Investment policy and objectives

At the end of its second year of operation, the Foundation has Reserves of £41,108 and no Invested income. Our intention is to build and maintain cash Reserves equivalent to 3-6 months' operating costs. There are no material uncertainties casting significant doubt about the Foundation's ability to continue.

Structure, governance and management

Governing document

The charity is controlled by its governing document and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Foundation is governed by its Constitution dated November 2020.

Recruitment and appointment of new trustees

The trustees are not remunerated for their services. New trustees are recruited through application and interview, ensuring that the skills of any new trustees complement those of the existing trustees. Appointment of new trustees is by a vote of the current trustees. Training includes a one to one knowledge transfer session with an existing trustee and the CEO.

Organisational structure

The trustees meet on a regular basis to discuss the work and development of the Foundation. The trustees delegate authority to the Chief Executive Officer to lead and manage the Foundation supported by a small team of 4 other employees. There are no other volunteers. Additional activity is carried out by independent contractors and other support is provided on occasion by EPIC Risk Management (EPG) as part of its contribution and commitment to supporting the Foundation in its development.

Reference and administrative details Registered Company number

CE024451 (England and Wales)

Registered Charity number 1192907

Registered office

Suite 2 Northern Diver Building Appley Lane North Appley Bridge Wigan WN6 9AE

Trustees

Ms R E L Jones R J White A A Barraclough P D Buck

Company Secretary

Ms S Parr

Independent Examiner

NRB 1st Floor Waterside House Waterside Drive Wigan Lancashire WN3 5AZ

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 2nd May 2023 and signed on the board's behalf by:

........................................................................ R J White - Trustee

Page 3

Independent Examiner's Report to the Trustees of The Epic Restart Foundation

Independent examiner's report to the trustees of The Epic Restart Foundation ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCA ATT which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Neil Whittingham BA(Hons) FCA ATT NRB 1st Floor Waterside House Waterside Drive Wigan Lancashire WN3 5AZ

Date: .............................................

Page 4

THE EPIC RESTART FOUNDATION

Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
314,110
EXPENDITURE ON
Charitable activities
3
Programme Venues
27,597
Digital Learning
-
Evaluation
28,007
Special Events
-
Staff Costs
187,508
Programme Travel
14,900
Programme Equipment
5,202
Programme Activities
126,786
Charity start-up costs
-
Fundraising
22,537
Associate Fees
39,155
Other
21,232
Total
472,924
NET INCOME/(EXPENDITURE)
(158,814)
RECONCILIATION OF FUNDS
Total funds brought forward
196,362
TOTAL FUNDS CARRIED FORWARD
37,548
Period
22.12.20
Year Ended
to
31.12.22
31.12.21
Restricted
Total
Total
fund
funds
funds
£
£
£
30,810
344,920
779,355
-
27,597
38,544
-
-
38,172
-
28,007
17,058
-
-
1,110
-
187,508
100,691
5,000
19,900
25,751
-
5,202
2,955
22,250
149,036
266,078
-
-
15,186
-
22,537
-
-
39,155
-
-
21,232
77,448
27,250
500,174
582,993
3,560
(155,254)
196,362
-
196,362
-
3,560
41,108
196,362
Period
22.12.20
Year Ended
to
31.12.22
31.12.21
Restricted
Total
Total
fund
funds
funds
£
£
£
30,810
344,920
779,355
-
27,597
38,544
-
-
38,172
-
28,007
17,058
-
-
1,110
-
187,508
100,691
5,000
19,900
25,751
-
5,202
2,955
22,250
149,036
266,078
-
-
15,186
-
22,537
-
-
39,155
-
-
21,232
77,448
27,250
500,174
582,993
3,560
(155,254)
196,362
-
196,362
-
3,560
41,108
196,362
38,544
38,172
17,058
1,110
100,691
25,751
2,955
266,078
15,186
-
-
77,448
582,993
196,362
-
196,362

The notes form part of these financial statements

Page 5

THE EPIC RESTART FOUNDATION

Balance Sheet 31 DECEMBER 2022

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
9
1,054
CURRENT ASSETS
Cash at bank
189,705
CREDITORS
Amounts falling due within one year
10
(153,211)
NET CURRENT ASSETS
36,494
TOTAL ASSETS LESS CURRENT LIABILITIES
37,548
NET ASSETS
37,548
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS
Restricted
fund
£
-
3,560
-
3,560
3,560
3,560
31.12.22
Total
funds
£
1,054
193,265
(153,211)
40,054
41,108
41,108
37,548
3,560
41,108
31.12.21
Total
funds
£
1,865
224,294
(29,797)
194,497
196,362
196,362
196,362
-
196,362

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on 2nd May 2023 and were signed on its behalf by: ............................................. R J White - Trustee

The notes form part of these financial statements

Page 6

THE EPIC RESTART FOUNDATION

Cash Flow Statement FOR THE YEAR ENDED 31 DECEMBER 2022

Period
22.12.20
Year Ended to
31.12.22 31.12.21
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 (31,029) 226,750
Net cash (used in)/provided by operating activities (31,029) 226,750
Cash flows from investing activities
Purchase of tangible fixed assets - (2,456)
Net cash provided by/(used in) investing activities - (2,456)
Change in cash and cash equivalents in
the reporting period (31,029) 224,294
Cash and cash equivalents at the
beginning of the reporting period 224,294 -
Cash and cash equivalents at the end of
the reporting period 193,265 224,294

The notes form part of these financial statements

Page 7

THE EPIC RESTART FOUNDATION

Notes to the Cash Flow Statement FOR THE YEAR ENDED 31 DECEMBER 2022

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Period
22.12.20
Year Ended to
31.12.22 31.12.21
£ £
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities) (155,254) 196,362
Adjustments for:
Depreciation charges 810 591
Increase in creditors 123,415 29,797
Net cash (used in)/provided by operations (31,029) 226,750
  1. ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.22 Cash flow At 31.12.22
£ £ £
Net cash
Cash at bank 224,294 (31,029) 193,265
224,294 (31,029) 193,265
Total 224,294 (31,029) 193,265

The notes form part of these financial statements

Page 8

THE EPIC RESTART FOUNDATION

Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33.3% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Period
22.12.20
Year Ended to
31.12.22 31.12.21
£ £
Donations 344,920 779,355

Page 9

continued...

THE EPIC RESTART FOUNDATION

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2022

3. CHARITABLE ACTIVITIES COSTS

Support
Direct
costs (see
Costs
note 4)
£
£
Programme Venues
27,597
-
Evaluation
28,007
-
Staff Costs
131,115
56,393
Programme Travel
19,900
-
Programme Equipment
5,202
-
Programme Activities
149,036
-
Fundraising
22,537
-
Associate Fees
39,155
-
422,549
56,393
SUPPORT COSTS
Governance
Management
costs
£
£
Other resources expended
-
7,068
Staff Costs
56,393
-
56,393
7,068
Totals
£
27,597
28,007
187,508
19,900
5,202
149,036
22,537
39,155
Totals
£
27,597
28,007
187,508
19,900
5,202
149,036
22,537
39,155
478,942
Totals
£
7,068
56,393
63,461

4. SUPPORT COSTS

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Period
22.12.20
Year Ended to
31.12.22 31.12.21
£ £
Depreciation - owned assets 811 591

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the period ended 31 December 2021.

Trustees' expenses

There were no trustees' expenses paid for the period ended 31 December 2022.

7. STAFF COSTS

STAFF COSTS
Year Ended
31.12.22
£
Wages and salaries
170,857
Social security costs
13,726
Other pension costs
2,925
187,508
Period
22.12.20
to
31.12.21
£
136,741
13,819
2,195
152,755

Page 10

continued...

THE EPIC RESTART FOUNDATION

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2022

7. STAFF COSTS - continued

The average monthly number of employees during the year was as follows:

Period
22.12.20
Year Ended to
31.12.22 31.12.21
Admin & support staff 5 5
No employees received emoluments in excess of £60,000.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 779,355 - 779,355
EXPENDITURE ON
Charitable activities
Programme Venues 38,544 - 38,544
Digital Learning 38,172 - 38,172
Evaluation 17,058 - 17,058
Special Events 1,110 - 1,110
Staff Costs 100,691 - 100,691
Programme Travel 25,751 - 25,751
Programme Equipment 2,955 - 2,955
Programme Activities 266,078 - 266,078
Charity start-up costs 15,186 - 15,186
Other 77,448 - 77,448
Total 582,993 - 582,993
NET INCOME 196,362 - 196,362
TOTAL FUNDS CARRIED FORWARD 196,362 - 196,362
9. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 January 2022 and 31 December 2022 2,456
DEPRECIATION
At 1 January 2022 591
Charge for year 811
At 31 December 2022 1,402
NET BOOK VALUE
At 31 December 2022 1,054
At 31 December 2021 1,865

Page 11

continued...

THE EPIC RESTART FOUNDATION

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2022

10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
11.
MOVEMENT IN FUNDS
At 1.1.22
£
Unrestricted funds
General fund
196,362
Restricted funds
Restricted Funds
-
TOTAL FUNDS
196,362
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
314,110
Restricted funds
Restricted Funds
30,810
TOTAL FUNDS
344,920
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
779,355
TOTAL FUNDS
779,355
31.12.22
31.12.21
£
£
1,513
15,061
-
4,431
1,698
305
150,000
10,000
153,211
29,797
Net
movement
At
in funds
31.12.22
£
£
(158,814)
37,548
3,560
3,560
(155,254)
41,108
Resources
Movement
expended
in funds
£
£
(472,924)
(158,814)
(27,250)
3,560
(500,174)
(155,254)
Net
movement
At
in funds
31.12.21
£
£
196,362
196,362
196,362
196,362
Resources
Movement
expended
in funds
£
£
(582,993)
196,362
(582,993)
196,362

Page 12

continued...

THE EPIC RESTART FOUNDATION

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2022

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2022.

Page 13

THE EPIC RESTART FOUNDATION

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2022

Period
22.12.2 0
Year Ended to
31.12.22 31.12.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 344,920 779,355
Total incoming resources 344,920 779,355
EXPENDITURE
Charitable activities
Wages 120,357 90,908
Social security 9,146 8,463
Pensions 1,612 1,320
Programme Venues 27,597 38,544
Digital Learning - 38,172
Evaluation 28,007 17,058
Special Events - 1,110
Programme travel 19,900 25,751
Programme equipment 5,202 2,955
Programme Activities 149,036 266,078
Charity start-up costs - 15,186
Fundraising 22,537 -
Associate Costs 39,155 -
422,549 505,545
Other
Training 2,306 3,780
Computer Software & Consumable 4,894 1,934
Accreditation & Quality - 675
Licence & Regulatory Fees 50 50
Bank Charges 455 30
Repairs and renewals 255 90
Insurance 1,526 1,953
Postage and stationery 247 230
Sundries 274 283
Advertising 3,347 7,800
Computer equipment 810 591
14,164 17,416
Support costs
Management
Wages 50,500 45,833
Social security 4,580 5,356
Pensions 1,313 875
56,393 52,064
Governance costs
Accountancy and legal fees 7,068 7,968
Total resources expended 500,174 582,993
Net (expenditure)/income (155,254) 196,362

This page does not form part of the statutory financial statements

Page 14