Annual Report and Accounts 2022 to 2023
q) Going concern
The financial statements have been prepared on a going concern basis. As a statutory body created under the Gambling Act 2005 (opens in new tab) we anticipate continuing to provide a statutory service in the future. The Gambling Act Review White Paper was published on 27 April 2023, and the Commission has a key role to play in supporting the delivery of proposals. The Gambling Act Review White Paper doesn't propose any legal changes to the Commission body itself; the proposal is that it continues in its current form delivering existing and new functions under the White Paper if it becomes legislation. We have also confirmed Grant-in-Aid financing for 2023 to 2024 to continue our work on regulation of the National Lottery and Fourth National Lottery Competition (His Majesty's (HM) Treasury approval is required under legislation). As such the accounts have been prepared on a going concern basis.
Last updated: 18 October 2023
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