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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. 5b. Gambling Act 2005 income recognised

5b. Gambling Act 2005 income recognised

Fees payable under the Act are identified by income stream and released to the Gambling Commission's Statement of Comprehensive Net Expenditure (SoCNE) in accordance with the Commission's Financial and Accounting Policy.

Recognised fee income is included within the SoCNE as ‘Licence Fee income’.

Gambling Act 2005 fee income recognised in the year is as follows.

Gambling Act 2005 fee income

Gambling Act 2005 income recognised
Description 2023 to 2024
£ thousands		 2022 to 2023
£ thousands
Operator licence applications
Application fees 1,209 2,051
Annual fees 23,865 22,894
Personal licence applications 751 758
Total fee income 25,825 25,703
Interest received1 629 457
Total 26,454 26,160

References

1 Interest received on fee income has significantly increased during 2023 to 2024 due to the full year effect of increases in Bank of England rates during the previous year.

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