Annual report and Accounts 2019 to 2020
p) Going Concern
The ﬁnancial statements have been prepared on a going concern basis. The recent events in respect of the Covid- 19 outbreak may have a signiﬁcant ﬁnancial impact on the Commission's fee income over the coming year.
However, based on the most severe but plausible downside cash ﬂow scenario, we expect to remain in a positive cash and reserves position for at least the coming twelve months after the issue of these annual report and accounts.
In addition, as a statutory body created under the Gambling Act 2005 we anticipate continuing to provide a statutory service in the future. As such the accounts have been prepared on a going concern basis.
Last updated: 12 November 2020
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