Annual Report and Accounts 2021 to 2022
20. Related party transactions
The Gambling Commission is a Non-Departmental Public Body of DCMS. which is funded through the collection of licence fees from the industry and grant-in-aid for National Lottery operations. DCMS is regarded as a related party. During the year, the Gambling Commission has had a significant number of material transactions with the Department and with other entities for which the Department is regarded as the parent Department.
Related party transactions
|Transaction type||Gambling Commission £'000s||National Lottery operation £'000s||National Lottery Competition £'000s||2021-22 £'000s||2020-21 £'000s|
|Grant-in-aid for revenue expenditure||873||2,617||23,657||27,147||18,487|
|Grant-in-aid advance for revenue expenditure repayment2||(794)||-||-||(794)||794|
|Grant-in-aid repaid from 2020-211||-||-||(240)||(240)||240|
|Grant-in-aid repayable 2021-223||-||193||662||855||-|
In addition, the Gambling Commission has had a small number of transactions with other government departments and other central government bodies. Most of these transactions have been with the Consolidated Fund for the repayment of fines and penalties issued for breach of licence conditions. See Note 15, Consolidated Fund Income, for further details.
During the year, no Board member, key manager or other related parties has undertaken any material transactions with the Gambling Commission during the year.
All Commissioners were paid by the Gambling Commission. See Remuneration Report for further details.
1 Of the GIA received, £240,000 relating to 2020-21 was repaid during 2021-22.
2 During 2020-21, due to the uncertainty of the Commissions income as a result of the COVID-19 pandemic, DCMS provided additional GIA funding to enable the Commission to maintain its reserves at the minimum level of £3.5 million.
This funding was in substance GIA and was been treated in the same way as other GIA receipts from DCMS. In accordance with the FReM, GIA is treated as a financing transaction rather than as revenue as it is a contribution from a controlling entity. This GIA of £794,000 was offset from GIA receipts from DCMS received during 2021-22.
3Grant-in-aid 2021 to 2022 (£855,000) drawn down to ensure cover potential litigation costs which did not materialise before 31 March 2022, will be repayable as a reduction in 2022 to 2023 payments.
19. Commitments under operating leases Next section
21. Financial instruments
Last updated: 27 July 2023
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