Our budget for 2022 to 2023 will support the successful delivery of our regulatory responsibilities and our five priorities. Mindful of the timings associated with the outcome and insights provided by the Gambling Act Review White Paper, our data scoping evaluation and the sprints, we believe it prudent to prepare a half year (6=+6) forecast to define our spending more accurately in the third (Q3) and fourth quarters (Q4) of the financial year.
Our budget for 2023 to 2023 will be the first year of a rolling three-year Costed Corporate Plan for 2023 to 2026, which we will prepare to provide meaningful context and horizon scanning of the Gambling Commission’s opportunities and challenges faced in the short and medium term.
Our financial management arrangements reflect the principles set out within Managing Public Money and to ensure that we comply with accounting standards as set out in HM Treasury’s Financial Reporting Manual (FReM) and our Management Agreement with the Department for Digital, Culture, Media and Sport (DCMS).
We are budgeting to receive total income of £51.5m, of which £25.1m is fees charged to gambling operators. Total expenditure is budgeted at £51.0m, leaving a small surplus which will be transferred to reserves.
|£m||Gambling Regulation||The National Lottery||Commission Total|
|Grant in Aid income from DCMS||0.8||25.6||26.4|
|Surplus transferred to reserves||0.5||0.5|
The breakdown of our fee income (excluding The National Lottery, which is funded by grant-in-aid) is as follows.
Annual fee income by sector (percentage).
Annual fee income by remote and non-remote (percentage).
|Channel income||Amount (percentage)|
Please note that it is only by financial year 2023 to 2024 that the Commission will have its first full year of income at the revised fee rates.Previous page
Priority 5 - Continuously improving our organisational effectiveness
Last updated: 7 April 2022
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