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2024-04-30-accounts

REGISTERED COMPANY NUMBER: CS004184 (Scotland) REGISTERED CHARITY NUMBER: SC049565

Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 April 2024

for Betblocker

Sharles Ltd Chartered Accountants 29 Brandon Street Hamilton ML3 6DA

Betblocker

Contents of the Financial Statements for the Year Ended 30 April 2024

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

Betblocker

Report of the Trustees

for the Year Ended 30 April 2024

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 30 April 2024. 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

Objectives and aims

The Charitable Purpose as described in the governing document is the prevention of poverty and relief of financial hardship of those experiencing gambling addiction via the distribution of a free app that blocks the user's internet capable devices from accessing online gambling websites and applications.

Significant activities

The BetBlocker web application enables users to restrict their device from accessing online gambling sites. BetBlocker is intended to help address the growing social issue of gambling addiction by providing a physical limitation on the user's ability to access gambling services.

The application will be provided free of charge to users in all geographic locations, will not include any form of advertising and will not gather user data for any purposes beyond improving the tool and assisting users with technical issues.

A secondary function of the tool will allow users to place 'Parental Controls' on a device to allow parents to restrict access to age sensitive materials (gambling, pornography, "freemium" apps and social media) on devices used by their juvenile dependents. this function is intended to provide concerned parents with greater control over the material that their children can access.

ACHIEVEMENT AND PERFORMANCE

Targets achieved in year

BetBlocker achieved some targets set out in the 2023 Business Plan as indicated below:

Page 1

Betblocker

Report of the Trustees

for the Year Ended 30 April 2024

FINANCIAL REVIEW

Financial position

This year we've managed to close with a substantial surplus, equating to a number of years running costs at the current level of the organisation, but with reduced donation volumes. This has meant that we could more appropriately deploy resources to support and develop the app.

Over the course of this year, funds were spent as follows:

Salaries : £38,160 Consultancy : £28,200 App maintenance and development/Computer costs : £35,569 Conferences & Travel: £2,858 Accounting : £2,824 Pension contributions : £937 Promotional Material : £1888 Professional Subscriptions : £1019

As can be seen from the above, once tax, consultancy and pensions are taken into consideration staffing is far and away our biggest overhead. After this, programming work to maintain and improve the app has been the biggest cost for the organisation.

Principal funding sources

The majority of BetBlocker's income this year was derived from donations from groups within the remote gambling industry.

We also received over £100,000 from funding commissioner GambleAware in the UK to assist the project in sustaining consistent service during the migration from RET to levy systems in the UK

The only other incoming transaction were from the Amazon Smile program, which brought in a total of £13.41.

Reserves policy

The charitable company pledges any reserves to the continued development of all activities and projects current and future. The charitable company also has a minimum reserves policy in place.

FUTURE PLANS

During 2024-25 the charitable company's targets are as follows:-

Page 2

Betblocker

Report of the Trustees

for the Year Ended 30 April 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

BetBlocker is a Scottish Charitable Incorporated Organisation (SCIO) governed by its Constitution dated 23 August 2019. It is registered as a charity with the Scottish Charity Regulator.

No one can be a member unless they are also a charity trustee of the organisation. The charity trustees of the organisation have no liability to pay any sums to help to meet the debts (or other liabilities) of the organisation if it is wound up; accordingly, if the organisation is unable to meet its debts, the charity trustees will not be held responsible.

Recruitment and appointment of new trustees

As set out in the Constitution the board may at any time appoint any person to be a charity trustee by way of a resolution passed by majority vote at a board meeting.

Organisational structure

The board of trustees, which can have up to 10 members, administers the charity. The board meets regularly to discuss the day to day operations of the charity.

Induction and training of new trustees

New trustees undergo an induction to brief them on: their legal obligations under charity law, the Scottish Charity Regulator's guidance on trustee duties, and inform them of the content of the Constitution, the board and decision-making process, the business plan and recent financial performance of the charity.

Trustees are encouraged to attend appropriate external training events where these facilitate the undertaking of their role.

Related parties

None of our trustees receive remuneration or other benefit from their work with the charity.

Page 3

for the I.earF￿ 30 2024 STRICTURE. GOVERNANCE AND ￿L￿AGE.￿EN1 Risk mXDAgetTheDI The Ituslees hai'e a duty to identify and ru.le￿. the risks to Which tlle charity is exposed and to ellsure appT¢)piiate c¢)ntrols are in place to pro3i(k rea50tLable assurance against frawl and enDr. The In￿leeS hai"e a risk mallagemellt stralegy N4ll"ch coDumses: - an amiual Tei'iewof thewinciple nsks alld uncertainhe5 that the clwity fxe - the e51ab1isl￿)C[)t0fpo11CJes. systems andprocedutC5 lo mitigate those risk5 idenlified in the annual rniew - the iiiipleiiienlalion of procethues de5i8llcd to ￿l[li￿Se or any poltDlial iwacl on ihe chatity slwuld those risks matetialise. This year has defied ei'en the n)o$i wildly c¢)limisii¢ hcoes in iern)s of fill￿1n8. Managing to raise such a substanrial simpli￿ se¢utes tlie orwiisation for seN'eTrl yeavs io ¢on)e and funda￿thlly Changes the appioa¢h to Iwation ihai the service tske 8oin8 fonvatd%. Ttiis iiiwroK'eiii¢iii in forn￿¢$ appeats io be latgely the ¢onsequen¢e of ihe WOTk hai'e UT1dertak￿1 io raise ilie prof￿¢ of the organisaiioll by artelldin8 conferences aild li ill Linkedhi. We do need io hire a COO to lake oi'er soll￿ work froli1￿. ￿,hO been n)ana8in8 the project voluntsrily around his fiLII lime job and using his holiday$ io an¢iid iiiiilLieiiies on behalf of the orgallishiion. Wlulsr ihe BetBlo¢ker Board of TnLsie¢s is i'ery 8rn1¢fiil for the tu)i¢ 10$ 8ii.en io help the ¢lMiry. ￿￿tIl the ￿0WIll8 profile of the or8anisation in¢r¢asin8 ihe work is liai'iii,, 10 widenake. thi's is unsusraillable n)oiing fonvards. We should look to hai'e a COO in place fw the 8uuMn8 of 2025. Despi1¢ our suc¢e$s this year. it is Crucial thai the LY88J)i￿￿0Th takes a c￿￿￿'attl.e approach oNer the ¢omins years. Whilst this year has been i.ery POSilii"e in tern￿ of fi￿ding. the UK fiuth8 sysiem appears to be mol'in8 in a direction thai would be ho$tsle io BeiBlockel$ Posiiiofj. as an orwiisation thai accepts hu￿Ing from the wnblin8 inthstsy. We should approach operatson$ vith the &ssiiinption of UK fi￿diti8 ellthn8 ill 2026 and position ourseli'es a¢cordill81y. Gii'en the instsbdity ill. or likety den)xse of. the UK fimdxn8 SySteDL it is inyyatiie that the or8anisation looks to fundin8 options in other ¢ounln'¢$. Our ftrsi pnority should be the United Siaies. There a larse number of fiuidu18 options in the US. but they Can only be a¢¢ess¢d by chan'iies ￿￿￿tered in the US. As such M'e should look to ¢stab]ish a or8anisation in the US lo fa¢iliiale 8rant appli¢aiions. Another jurisdiction to watch Closely is Ireland The new Te8ulatOT is introthin8 a fiuth8 Sy$t¢m that appears lthely to r¢seiiibl¢ the UK'S. We hope it will hai"e a nM)re ba]anc¢d and infornKd &w)roach that will allow BetBlocker to $eek fundiii% there. Finally. tlie UK fiLndin8 System has not ¢lw18¢d yet and is unlikely to ¢han8e uniil Apnl 2026. or April 2025 at Ihe ¢arli¢sl. We ￿l0VId use this lime to capilalise on this system aud increase ow sury)Iws as far as possible u'iiljiii t]iis Reglstèred CompD!' CS004184 {Scotland) Reglstèred ChrAI) SC(H9565 Reglstered ollice BetBlocker.ors PO Box 2089 LiN'in8Ston EH54 OGF Page 4

Betblocker

Report of the Trustees

for the Year Ended 30 April 2024

Trustees

Trustees are not disclosed due to safety purposes, providing this information could cause personal danger to those individuals.

Independent Examiner

Sharles Ltd Chartered Accountants 29 Brandon Street Hamilton ML3 6DA

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Jan 29, 2025

Approved by order of the board of trustees on ............................................... and signed on its behalf by:

Signature:

............................... Trustee

Page 5

Independent Examiner's Report to the Trustees of Betblocker

I report on the accounts for the year ended 30 April 2024 set out on pages seven to thirteen.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention :

have not been met; or

Signature

Robert Pollock CA The Institute of Chartered Accountants of Scotland

Sharles Ltd Chartered Accountants 29 Brandon Street Hamilton ML3 6DA Date: .[J] ..[a] ...[n] ...[2] ..[9] ..[,] ..[2] ..[0] ...[2] ..[5] .......................

Page 6

Betblocker

Statement of Financial Activities

(Incorporating an Income and Expenditure Account) for the Year Ended 30 April 2024

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 30 April 2024
2024
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
443,252
EXPENDITURE ON
Raising funds
9
Charitable activities
BetBlocker
74,087
Other
38,160
Total
112,256
NET INCOME
330,996
RECONCILIATION OF FUNDS
Total funds brought forward
26,436
TOTAL FUNDS CARRIED FORWARD
357,432		 2023
Total
funds
£
75,429

3
31,083
37,144

68,230

7,199
19,237
26,436

The notes form part of these financial statements

Page 7

Betblocker

Balance Sheet

30 April 2024

Notes
2024
Unrestricted
fund
£
FIXED ASSETS
Tangible assets
6
2,424
CURRENT ASSETS
Debtors
7
8,891
Cash at bank
348,037
356,928
CREDITORS
Amounts falling due within one year
8
(1,920)
NET CURRENT ASSETS
355,008
TOTAL ASSETS LESS CURRENT
LIABILITIES
357,432
NET ASSETS
357,432
FUNDS
Unrestricted funds
9
357,432
TOTAL FUNDS
357,432		 2023
Total
funds
£
4,134
7,257
17,982
25,239
(2,937)
22,302
26,436
26,436
26,436
26,436

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on Jan 29, 2025

. ............................................ and were signed on its behalf by:

Signature:

............................................. Trustee

The notes form part of these financial statements

Page 8

Betblocker

Notes to the Financial Statements for the Year Ended 30 April 2024

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.

The trustees consider that there are no material uncertainties affecting the Charity's ability to continue operating as a going concern.

The presentation currency of the financial statements is the Pound Sterling (£).

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 - 20% 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.

continued...

Page 9

Betblocker

Notes to the Financial Statements - continued

for the Year Ended 30 April 2024

2. NET INCOME/(EXPENDITURE)

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

2024 2023
£ £
Depreciation - owned assets 1,710 1,711

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.

4. STAFF COSTS

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

5.

Employees
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
EXPENDITURE ON
Raising funds
Charitable activities
BetBlocker
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2024
2023
1
1
Unrestricted
fund
£
75,429
3
31,083
37,144
68,230
7,199
19,237
26,436

continued...

Page 10

Betblocker

Notes to the Financial Statements - continued

for the Year Ended 30 April 2024

6. TANGIBLE FIXED ASSETS

COST
At 1 May 2023 and 30 April 2024
DEPRECIATION
At 1 May 2023
Charge for year
At 30 April 2024
NET BOOK VALUE
At 30 April 2024
At 30 April 2023
7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Accrued expenses
9.
MOVEMENT IN FUNDS
At 1.5.23
£
Unrestricted funds
General fund
26,436
TOTAL FUNDS
26,436
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
443,252
TOTAL FUNDS
443,252		 Computer
equipment
£
8,554
4,420
1,710
6,130
2,424
4,134
2024
2023
£
8,891
£
7,257
2024
2023
£
£
-
994
1,920
1,943
1,920
2,937
Net
movement
At
in funds
30.4.24
£
£
330,996
357,432
330,996
357,432
Resources
Movement
expended
in funds
£
£
(112,256)
330,996
(112,256)
330,996

continued...

Page 11

Betblocker

Notes to the Financial Statements - continued

for the Year Ended 30 April 2024

9. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

A 1.5.22
£
Unrestricted funds
General fund
19,237
TOTAL FUNDS
19,237		 m
Net
ovement
At
in funds
£
30.4.23
£
7,199
26,436
7,199
26,436

Comparative net movement in funds, included in the above are as follows:

I
ncoming
ncoming		 Resources Movement
r
esources		 expended in funds
£ £ £
Unrestricted funds
General fund 75,429 (68,230) 7,199
TOTAL FUNDS 75,429 (68,230) 7,199

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.5.22
£
19,237
19,237		 Net
movement
in funds
£
338,195
338,195		 At
30.4.24
£
357,432
357,432

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
518,681
518,681		 Resources
expended
£
Movement
in funds
£
(180,486)
338,195
(180,486)
338,195

continued...

Page 12

Betblocker

Notes to the Financial Statements - continued for the Year Ended 30 April 2024

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 April 2024.

Page 13

Betblocker

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Total incoming resources
EXPENDITURE
Other trading activities
Other interest and charges
Charitable activities
Consultant
Software costs
Sundries
Other
Wages
Social security
Pensions
Support costs
Management
Travelling
Governance costs
Accountancy and legal fees
Computer equipment
Total resources expended
Net income		 Detailed Statement of Financial Activities
for the Year Ended 30 April 2024		 2024
£
443,252
443,252
9
28,200
35,569
2,925
66,694
37,223
-
937
38,160
2,858
2,824
1,711
4,535
112,256
330,996		 2023
£
75,429

75,429
3
13,611
13,372
121
27,104
35,942
309
893
37,144
324
1,944
1,711
3,655

68,230

7,199

This page does not form part of the statutory financial statements

Page 14