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  3. Annual Report and Accounts 2022 to 2023

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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.

Published
18 October 2023

Last updated
8 August 2024 - Changes

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  1. Contents
  2. Notes to the accounts
  3. 20. Related party transactions

20. Related party transactions

The Gambling Commission is a Non-Departmental Public Body of the Department for Culture, Culture, Media and Sport (DCMS), which is funded through the collection of licence fees from the industry and Grant-in-Aid (GIA) for National Lottery operations. DCMS is regarded as a related party. During the year, the 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
Description Gambling Commission
£ thousands		 National Lottery operation
£ thousands		 National Lottery Competition
£ thousands		 2022 to 2023
£ thousands		 2021 to 2021
£ thousands
Grant-in-Aid for revenue expenditure 740 2,405 19,098 22,243 27,147
Grant-in-Aid advance for revenue expenditure repayment2 0 0 0 0 (794)
Grant-in-Aid repaid from 2020 to 20211 0 0 0 0 (240)
Grant-in-Aid (repaid) and/or payable relating to 2021 to 20223 0 (193) (662) (855) 855
Grant-in-Aid4 0 252 917 1,169 0
Total 740 2,464 19,353 22,557 26,968

In addition, the Commission has had a small number of transactions with other government departments and other central government bodies. These include payments the Commission has made to the Consolidated Fund for the repayment of fines and penalties issued to gambling operators for breach of licence conditions. See Note 5d, 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 Commission during the year.

All Commissioners were paid by the Commission. See Remuneration Report for further details.

References

1During 2020 to 2021, due to the uncertainty of the Commission’s income as a result of the coronavirus (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 has been treated in the same way as other GIA receipts from DCMS. In accordance with the Financial Reporting Manual (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 to 2022.

2Of the GIA received, £240,000 relating to 2020 to 2021 was repaid during 2021 to 2022.

3Of the GIA received, £855,000 relating to 2021 to 2022 was repaid during 2022 to 2023. GIA was to cover potential litigation costs which did not materialise before 31 March 2022.

4GIA received during 2022 to 2023 includes £1,169,000 which was drawn down to cover potential litigation and other costs which did not materialise before 31 March 2023. This will be repayable as a reduction in 2023 to 2024 payments.

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19. Contingent liabilities disclosed under IAS 37 Next section
21. Events after the reporting period
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