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  3. Annual report and accounts 2023 to 2024

Report

Annual report and accounts 2023 to 2024

The Gambling Commission's 2023 to 2024 Annual report and accounts. For the period 1 April 2023 to 31 March 2024.

Published
17 October 2024

Last updated
17 October 2024 - Changes

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  1. Contents
  2. l. Reserves

l. Reserves

The Gambling Commission holds reserves as a matter of prudent financial management, principally so that it can fund legal action in furtherance of its regulatory objectives, manage short-term fluctuations in its licensing income and provide for foreseeable but not yet certain liabilities such as other provisions. This also allows the Commission to manage its in year financial position accurately. Following an update to our Reserves Policy within 2022 to 2023, the Commission calculates that reserves of £7 million meet this requirement. The Commission has built further reserves to fund an expansion of activities during the period 2024 to 2026. As an arms-length body, the Commission does not hold reserves to cover terminal liabilities as these would be met by the Department of Culture, Media and Sport (DCMS).

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