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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.

  1. Contents
  2. Notes to the accounts
  3. 2. Prior period adjustments

2. Prior period adjustments

A prior year restatement was required in the current year due to the material omission of a dilapidation valuation. The Gambling Commission decided in 2022 to 2023 that they will be exiting the building when the lease expires in February 2026.

As per the lease agreement, the Commission has a constructive obligation to return the building to its state prior to occupation. On 9 February 2023, an independent Dilapidations Liability Assessment was carried out by a Registered Institute of Chartered Surveyors (RICS) Regulated Consultancy Firm. We have measured the liability in accordance with International Accounting Standards (IAS) 37.

The Commission have opted to restate and discount from the year prior year as opposed to the date of the lease hold improvement works as no valuation report was available until the current financial year.

Prior year restatements are detailed in the following tables:

Restatement for the year ending 31 March 2022
Description Adjusted amounts
£ thousands
Statement of Comprehensive Net Expenditure (SoCNE) for the year ending 31 March 2022
Finance Expenses

Statement of financial position for the year ending 31 March 2022
Current liabilities
Provisions for liabilities and charges

Restatement of financial position as at 1 April 2021
Description As previously
£ thousands
£ thousands
Restated amount
£ thousands
Statement of financial position as at 1 April 2021
Current liabilities
Provisions for liabilities and charges



Taxpayer's equity
Income and Expenditure Reserve



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1. Statement of accounting policies
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3. Statement of operating costs by operating segment
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