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Corporate Governance Framework

Our corporate governance framework sets out the necessary responsibilities and procedures that guarantee we operate properly.

Published
29 October 2021

Last updated
13 June 2024 - Changes

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  1. Contents
  2. 28 - Annual report and accounts

28 - Annual report and accounts

28.1. The Gambling Commission Board must publish an annual report of its activities together with its audited accounts after the end of each financial year. A draft of the report should be submitted to the department two weeks before the proposed publication date. The Commission shall provide the department its finalised (audited) accounts by May or early June each year in order for the accounts to be consolidated within the Department for Digital, Culture, Media and Sport (DCMS).  The accounts should be prepared in accordance with the relevant statutes and specific accounts direction issued by the department as well as the Treasury’s Financial Reporting Manual (FReM). 

28.2. The annual report must: 

  • cover any corporate, subsidiary or joint ventures under its control
  • comply with the FreM and in particular have regard to the illustrative statements for a non-departmental public body(NDPB)15
  • outline main activities and performance during the previous financial year and set out in summary form forward plans.

28.3. Information on performance against key financial targets must be included within the annual report and made subject to the auditor’s consistency opinion. The report and accounts shall be laid in Parliament and made available on the Commission website, in accordance with the guidance in the FReM. 

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