ESG CORPORATE COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
13566221 (England and Wales)

Unaudited statutory accounts for the year ended 25 July 2024

Period of accounts

Start date: 1 August 2023

End date: 25 July 2024

ESG CORPORATE COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 25 July 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ESG CORPORATE COMMUNITY INTEREST COMPANY

Directors' report period ended 25 July 2024

The directors present their report with the financial statements of the company for the period ended 25 July 2024

Principal activities of the company

At ESG Corporate Community Interest Company (trading as ESG Gaming), we are working with partners to understand how esports and virtual reality might reduce loneliness and social isolation; reduce the risk factors for dementia, and provide education to reduce the risks of a stroke. To deliver our social purpose we deliver workshops to professional who have a duty or care for those whom our social purpose is intended for.

Additional information

The directors present their report with the financial statements of the company for the year ended 25 July 2024. Directors The following directors held office during the whole of the period: P L Willows S Cooke C J Jones S D Try Introduction ESG Corporate Community Interest Company (Company Number: 13566221), trading as ESG Gaming, is incorporated as a not-for- profit with no share capital Community Interest Company (CIC). The Office of the Regulator of Community Interest Companies independently regulates our organisation. Additionally, we are registered with the Fundraising Regulator (ID number: FR.ID-271151) At ESG Gaming, we strongly believe in thoroughly and transparently reporting our governance, activities, financial information and social impact, which exceeds the regulatory requirement. This report captures our work covering the period 01 August 2023 – 25 July 2024. Governance ESG Gaming has a long-established and dedicated Governance section on our website, where the public can view all board meeting papers and minutes, our AGM papers and minutes, approved budgets and performance against our KPIs. There is also a library of our organisational policies and other relevant documents, such as our strategic risk assessment, Public Liability Insurance, Governance Handbook, IP and ICO information and our staff and director register of interests. The Governance section is navigated by one click from the menu bar at the top of the homepage. We also transparently publish all our research, which is now organised into a dedicated Research Hub, which is again navigated in one click from the menu bar at the top of the homepage. Within the news section of the website, we publish all our external scrutiny of ESG Gaming (such as our Investors in People, Pride 365, Metaverse Standards Forum, or Armed Forces Covenant reports), social impact and thought leadership blogs. Finally, we publish this, our detailed CIC34 report annually, our year-end accounts and Directors report and a comprehensive ESG Gaming branded annual review. In establishing ESG Gaming, we remain focused on social impact innovation, gaming, tech and gambling gateway products, grey and dark markets and streams of unique research and insight. We also strongly focus on income diversification to ensure the longstanding financial sustainability of our organisation. We see much duplication in the sectors in which we operate (i.e. gaming, gambling, tech, health), and we continue to spend considerable time understanding how we might contribute meaningfully and in a way that doesn’t duplicate other services. ESG Gaming continues to work in the gaming, gambling, tech, and health sectors, which is in keeping with our mission of being passionate advocates of emerging technology. ESG Gaming is committed to working alongside all stakeholders to ensure the experience is open, inclusive, and positive for all consumers and stakeholders. Finally, ESG Gaming strongly believes in enabling other not-for-profit, grass-roots organisations and creatives to succeed, and we continue to donate up to 25% of our surplus annually to achieve this. Fundraising is challenging for many community organisations, and our donations are possible due to the salary sacrifice of our founder, which saw £25,600 donated in the period of this report. Year three has been challenging, but we have made humbling progress around the priority areas we identified in our strategic review. Our approach to impactful products ESG Gaming continues to work in the gaming, gambling, tech, and health sectors, which is in keeping with our mission of being passionate advocates of emerging technology. Virtual Reality & esports Working alongside our partners, we want to understand how virtual reality and esports might reduce loneliness and social isolation, reduce the risk factors for dementia, and provide an alternative, drug-free prescription for depression among those aged 50 years and over. This year saw ESG Gaming launch an interactive virtual reality space (The DOME by ESG Gaming) where customers can experience an immersive and nostalgic virtual reality dome with three specific rooms (i) a Health & fitness room where we will host fitness classes and have interactive educational material on diet, physical and mental health, and fitness; (ii) a Mindfulness Space where meditation, mindfulness and relaxation classes take place and an opportunity to visit some fantastic countries virtually and finally (iii) our Auditorium where we host a variety of special interest events including stand-up comedy, motivational speakers and lifestyle classes. Plus, we have opportunities for consumers to participate in games to stimulate essential brain glands, including the: Cerebrum: The cerebrum is the largest part of the brain. Divided into lobes, it coordinates thought, movement, memory, senses, speech, and temperature. Amygdala: Plays a key role in emotional responses, hormonal secretions, and memory formation. Hippocampus: Plays a vital role in memory formation and spatial navigation. Optic tectum: Also known as the superior colliculus, it directs eye movements. Mammillary Bodies: Plays a role in recollective memory. Function: Regulates emotions, memory, and arousal. We also developed an interactive esports workshop aimed explicitly at customers over 50 years old, where we not only use games to stimulate the essential brain glands but also the workshops enable understanding to be built between intergenerational populations. By bringing grandparents/parents together with their grandchildren/children or bringing together people from different social or ethnic backgrounds, understanding and trust can be fostered, improving community relations. Our esports workshops aim to deliver the following learning outcomes: 1. Understanding the Esports Industry and Career Relevance: Customers will comprehend the structure and significance of the esports and technology sectors and their potential impact on future career opportunities for their community, children/grandchildren or themselves. 2. Exploring Esports History and Future Trends: Customers will examine the historical development of esports events and tournaments, as well as analyse future trends shaping the industry and action they can take locally to bring communities together through gaming. 3. Developing Gaming Skills and Confidence: Customers will gain practical experience in gaming setup, game launching, and team play, leading to increased confidence in gaming environments and digital skills to aid future employment or entrepreneurship skills. 4. Understanding the Importance of Gaming and Esports in Employment: Customers will recognise the transferable skills gained through gaming and esports and understand their relevance to future employment opportunities for themselves otheir children or grandchildren or local community. Minimising tech harms As ESG Gaming, we are aware of the potential mental health and addiction challenges that emerging tech may pose to customers. We are also aware of the growing Black Market for deploying gaming and gambling content, which is often targeted at young or vulnerable people. Therefore, we are scoping an additional stream of work by working collaboratively with gaming publishers, esports teams and gambling operators to foster a culture of consumer protection and develop educational tools specifically for gamers and parents. The educational tools are currently in development following the production of our Theory of Change, consumer research and academic research. We are also getting a sense of the challenge surrounding Black Markets and, in particular, unregulated content appearing on the Dark Web. We are looking to undertake a substantive research project into the Dark Web next year and, from that, seek partners to examine how, as a society, we can respond to those challenges to safeguard customers. Our approach to research ESG Gaming undertook and published six pieces of research during the period of this report. 1. How technology might provide an alternative, drug-free prescription for depression for people aged 50 and above. 2. How technology might reduce risk factors of dementia and similar neurological afflictions in people aged 50 and above. 3. How technology can reduce loneliness in people aged 50 and above. 4. A case for community action: esports, older players, mental health and social isolation. 5. Influencer-led gambling in gaming on streaming channels of Twitch, YouTube and Kick. 6. Initial literature review into unregulated and unlicensed gambling on the dark web. These research projects were completed in collaboration with a mixture of academic institutions, individual researchers, consumer insight, parents, and those with Lived Experience of tech harms. Building organisational excellence Building upon our organisational foundations has remained a priority. ESG Gaming will continue to model exemplary governance through our transparency and invite external scrutiny and feedback from various accreditation bodies, awarding organisations and stakeholders. We renewed our commitment to the Living Wage Foundation and continued our support of Ecologi as a Climate-Positive Employer. We continued our membership Crypto UK, the Metaverse Standards Forum and Living Wage Foundation. We built further upon our foundations with Investors in People, Pride 365 and the Blockchain Council. Our founder has continued his studies towards an MBA and supported other start-up founders through their work with Virgin Start-Up. Our headcount grew during the year, adding to the diversity of thought and experience of the ESG Gaming team. We continued to ensure we really thanked everybody personally for their invaluable contribution to our social purpose. ESG Gaming remains committed to a low but highly effective and impactful headcount as we model exemplar value for money. Securing our financial future Securing our funding remains a challenge. Our income currently comes principally from grants or corporate donations, and we use that income to develop our products, deliver our products, and undertake research. All our products are offered free of charge to customers. Our donations also pay for the central costs across ESG Gaming, including volunteer expenses, travel, insurance, marketing, conferences, training etc. Additionally, we are grateful for the various corporate pro bono pledges, which supported our legal costs and contributed to product development, capital costs, and evaluation. The founder remains responsible for income generation, and we are seeking to strengthen this with additional resources in 2024/25. Gracious, humble and kind leadership Everybody at ESG Gaming is hand-picked and humble, gracious, and kind in their approach. We have big ambitions, an unwavering passion and a solid commitment to our social purpose. However, we intend to execute this through an incredibly streamlined organisation, deploying a low headcount to epitomise and model value for money in our sector. Our directors have agreed that we will not take on any social or debt finance to establish or grow ESG Gaming. We are embracing the challenge of establishing our organisation from a standing start. We feel there is nothing more rewarding than creating something from nothing. We have published our governance handbook, which sets out how the work of ESG Gaming will be led, how we manage the effectiveness of directors and employees and the benefits our employees will receive. We have committed to having an employee pay ratio not exceeding 4:1 (£125,000 highest possible salary to a median salary of £31,250); 35 paid holidays which rises to 40 days based on length of service; private healthcare; the latest equipment for home working; the opportunity to study for a fully-funded Degree or Masters qualification at no cost to the employee and the opportunity to travel and work overseas for up to four weeks a year. What we have done in year three ESG Gaming was incorporated on 13 August 2021 as a not-for-profit company limited by guarantee. On 05 November 2021, the legal structure was changed to a regulated not-for-profit and with no share capital Community Interest Company (CIC). This change was made as we sought additional regulatory oversight to underline our commitment to deliver our activities in a way where no profit (surplus) is distributed to individuals (shareholders). Being a not-for-profit organisation gives us a unique legal structure, particularly in the gaming and tech sectors. Here is a top-level summary of what we achieved in year three (period 01 August 2023 – 25 July 2024): 1. Secured and banked £377,079 in donations (£353,880 in 2022/23 and £95,963 in 2021/22). 2. Secured £37,650 in pro bono support (£42,900 in 2022/23 and £18,437 in 2021/22). 3. Maintained financial resilience by ending the year with £288,797 cash at bank (£188,755 in 2022/23 and £52,240 in 2021/22). 4. Donated £25,600 to grassroots organisations or creatives in the gaming space (£12,600 in 2022/23 and £5,450 in 2021/22). 5. Published six research papers and created a Research Hub on our website (nil in previous years). 6. Continued our partnership with Ecologi to off-set our carbon emissions and planted a further 500 trees (150 tress planed in 2022/23) 7. Won two awards: Best Product at the world's biggest EdTech event, Bett 2024, and we were recognised as Regional Finalists in the UK Start Up Awards 2024 (nil in previous years). 8. Scoped, developed, built and piloted a Virtual Reality platform and an immersive esports course, reaching over 2,500 customers (500 customers in previous years). 9. Further strengthened and published our governance handbook and operational policies. 10. Showcased ESG Gaming at eight Global events, including ESI NextGen at Oxford University; ESI London at Boxpark Wembley; ICE at Excel London; BETT at Excel London; Mobile World Congress at Fira de Barcelona Gran Via, IN4 Gametech Launch at London City Hall. 11. Met with 132 stakeholders from different sectors (87 in previous years). 12. Attended four House of Parliament or Lords events (nil in previous years). Going concern Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case based upon current forecasts whereby £196,000 is pledged for 2024/25 (£161,000 in 2022/23) and the company's existing cash position totalling £288,787 (£188,775 in 2022/23) at year-end. Having regard to the above, the directors believe it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Statement of directors' responsibilities The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations. Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to: 1. select suitable accounting policies and then apply them consistently; 2. make judgements and estimates that are reasonable and prudent; 3. prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small company provisions This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.



Directors

The directors shown below have held office during the whole of the period from
1 August 2023 to 25 July 2024

Peter Willows
Sam Cooke
Christopher Jones
Simon Try


Secretary Peter Willows

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
19 March 2025

And signed on behalf of the board by:
Name: Peter Willows
Status: Secretary

ESG CORPORATE COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 25 July 2024

2024 2023


£

£
Turnover: 377,079 353,880
Gross profit(or loss): 377,079 353,880
Administrative expenses: ( 284,062 ) ( 230,695 )
Other operating income: 480
Operating profit(or loss): 93,497 123,185
Profit(or loss) before tax: 93,497 123,185
Profit(or loss) for the financial year: 93,497 123,185

ESG CORPORATE COMMUNITY INTEREST COMPANY

Balance sheet

As at 25 July 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 7,667 5,337
Investments:   0 0
Total fixed assets: 7,667 5,337
Current assets
Stocks:   0
Debtors: 4 3,125 6,985
Cash at bank and in hand: 288,797 188,755
Investments:   0 0
Total current assets: 291,922 195,740
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 22,711 ) ( 17,696 )
Net current assets (liabilities): 269,211 178,044
Total assets less current liabilities: 276,878 183,381
Provision for liabilities: 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 276,878 183,381
Members' funds
Profit and loss account: 276,878 183,381
Total members' funds: 276,878 183,381

The notes form part of these financial statements

ESG CORPORATE COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 25 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 19 March 2025
and signed on behalf of the board by:

Name: Peter Willows
Status: Director

The notes form part of these financial statements

ESG CORPORATE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 25 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Company limited by guarantee The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding One Pound. Average number of employees During the year the average number of employees was 4 and in 2023 was 4 also. The highest paid director received 57,838 in 2024. They received 89,993 in 2023 and 900 in remuneration in 2022. This renumeration was for their role as Exec Chair & Founder. The maximum approved salary for this role is 125,000. Government grants The company follows the performance model for government grant accounting as set out in section 24 of FRS 102. Under this model the company recognise grants as follows 1. A grant that does not impose specified future performance-related conditions on the recipient is recognised in income when the grant proceeds are received- or receivable. 2. A grant that imposes specified future performance-related conditions on the recipient is recognised in income only when the performance-related conditions are met. 3. Grants received before the revenue recognition criteria are satisfied are recognised as a liability. Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profit. Hire purchase and leasing commitments Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease. Income Donations receivable are recognised in the period that they are approved. Debtors Short term debtors are measured at transaction price, less any impairment. Creditors Short term creditors are measured at the transaction price. Cash and cash equivalents Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with no significant risk of change in value. Financial reporting standard 102 - reduced disclosure exemptions The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland 1. the requirements of Section 7 Statement of Cash Flows; 2. the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d); 3. the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A; 4. the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29; 5. the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23; 6. the requirements of Section 33 Related Party Disclosures paragraph 33.7.

ESG CORPORATE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 25 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

ESG CORPORATE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 25 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 8,924 8,924
Additions 7,242 7,242
Disposals
Revaluations
Transfers
At 25 July 2024 16,166 16,166
Depreciation
At 1 August 2023 3,587 3,587
Charge for year 4,912 4,912
On disposals
Other adjustments
At 25 July 2024 8,499 8,499
Net book value
At 25 July 2024 7,667 7,667
At 31 July 2023 5,337 5,337

ESG CORPORATE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 25 July 2024

4. Debtors

2024 2023
£ £
Other debtors 3,125 6,985
Total 3,125 6,985
Debtors due after more than one year: 0 0

ESG CORPORATE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 25 July 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,831 29
Taxation and social security 18,030 14,818
Accruals and deferred income 2,850 2,849
Total 22,711 17,696

COMMUNITY INTEREST ANNUAL REPORT

ESG CORPORATE COMMUNITY INTEREST COMPANY

Company Number: 13566221 (England and Wales)

Year Ending: 25 July 2024

Company activities and impact

At ESG Corporate Community Interest Company (trading as ESG Gaming), we are working with partners to understand how esports and virtual reality might reduce loneliness and social isolation; reduce the risk factors for dementia, and provide education to reduce the risks of a stroke. In 2024/25 we have: 1. Secured and banked £377,079 in donations 2. Secured £37,650 in pro bono support 3. Published six research papers and created a Research Hub on our website focused on our social purpose. 4. Continued our partnership with Ecologi to off-set our carbon emissions and planted a further 500 trees 5. Won two awards: Best Product at the world's biggest EdTech event, Bett 2024, and we were recognised as Regional Finalists in the UK Start Up Awards 2024 (nil in previous years). 6. Scoped, developed, built and piloted a Virtual Reality platform and an immersive esports course, reaching over 2,500 customers.

Consultation with stakeholders

A large variety of stakeholders have been consulted as per our CIC34 Report.

Directors' remuneration

The highest-paid director (P L Willows) received a remuneration of £57,838 Gross for the period 01 August 2023 – 25 July 2024 and is employed full-time within ESG Gaming. The board agreed that the maximum salary for this post is £125,000. Payment was for the full-time role of Exec Chair & Founder, which was undertaken by a director. This postholder drew down £89,993 in 2022/23 and £900 in 2021/22. The board have agreed NEDs can draw down £500pcm, with additional payments made for duties over and above their fiduciary roles. ESG Gaming has the following pay bands: Exec Chair & Founder – up to £125,000pa. NED: £500pcm. Consultants: up to £250 day rate. Lead Researcher: up to £125 day rate. All other roles are paid at the (higher) Living Wage rate and ESG Gaming is registered with the Living Wage Foundation.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
19 March 2025

And signed on behalf of the board by:
Name: Peter Willows
Status: Director