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  3. Annual Report and Accounts 2022 to 2023

Report

Annual Report and Accounts 2022 to 2023

The Gambling Commission's 2022 to 2023 Annual Report and Accounts. For the period 1 April 2022 to 31 March 2023.

Published
18 October 2023

Last updated
1 August 2024 - Changes

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  1. Contents
  2. Notes to the accounts
  3. 13. Provisions for liabilities and charges

13. Provisions for liabilities and charges

Provisions for liabilities and charges
Description Redundancy and other departure costs
£ thousands		 Victoria Square House premises dilapidations
£ thousands		 Bloomsbury Street premises dilapidations
£ thousands		 Legal provisions
£ thousands		 2023 Total
£ thousands 		Restated 2022 Total
£ thousands
Balance as at 1 April 2021 128 1,225* 73 234 1,660* 1,521*
Provided in the year 0 0 0 0 0 367
Provisions not required written back 0 0 0 0 0 0
Provisions utilised in the year (128) 0 0 (10) (138) (247)
Unwinding of discount** 0 20 0 0 20 19*
Balance at 31 March 0 1,245 73 224 1,542 1,660*
Not later than one year 0 0 73 224 297 435
Later than one year and not later than five years 0 1,245 0 0 1,245 1,225*
Later than five years 0 0 0 0 0 0
Balance at 31 March 0 1,245 73 224 1,542 1,660*

Redundancy and other departure costs

Redundancy and other departure costs are provided for in full when the early departure decision is approved by establishing a provision for the estimated payments. There were no departure costs provisions in 2022 to 2023 (2021 to 2022, £128,251, four exits). 2021 to 2022 provisions were utilised during 2022 to 2023.

Victoria Square House premises - dilapidations

The Victoria Square House lease expires in February 2026, at which point it is the Commission’s intention to move premises. Dilapidations estimate of £1,245,086, based on the independent assessments carried out during 2023 on behalf of the Gambling Commission has been used as the basis. The provision has then been adjusted using Public Expenditure System (PES) 2022 inflation and short-term general provision discounting rates. The Commission has prudently included Value Added Tax (VAT) in the estimate due to it not being possible to recover the cost if charged, which is currently uncertain.

Bloomsbury Street premises – dilapidations

The Bloomsbury Street lease expired on 8 November 2022. Dilapidations estimate of £73,000, based on the independent assessments of both the Commission and Horserace Betting Levy Board (HBLB).

As at 31 March 2023, there were legal cases which remained unresolved, resulting in a provision of £224,000 (2021 to 2022, £234,000) which relates to a data breach incident.

References

*2021 to 2022 numbers are restated, further information is included in Note 2 of the accounts, Prior period adjustments.

**Provisions have been assessed under International Accounting Standards (IAS) 37 and IAS 19 as either having a legal or constructive obligation at the balance sheet date 31 March 2023 and a probable outflow of costs.

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12. Trade and other payables Next section
14. Retirement benefits obligations
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