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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.

  1. Contents
  2. Financial management

Financial management

The Gambling Commission’s core regulatory work is funded via fees charged to the Gambling Industry. Whilst the Commission’s fee income has been relatively stable recently, and the forecast is prudent, the Commission are dependent on the activity of the UK gambling market, and any changes within the industry can have an impact on future funding. The medium to long-term impact of the Gambling Act Review White Paper on the industry is not yet clear, but we will continue to review this and the potential impact on our future income.

Throughout the year, the risk to the Commission’s income and expenditure profile is continually reviewed through close monitoring of actual income and expenditure and forecasts. The Commission holds reserves as a matter of prudent financial management. 

There has been no reported actual or attempted fraud at the Commission during 2023 to 2024. However, given the high profile of the gambling industry and the Commission within the public domain, it is important that the Commission remains proactive in identifying instances where there is potential for fraud and corruption. The Commission is continually seeking to enhance its counter fraud culture, embedded at all levels of the organisation, which includes training and regular communication to all staff. 

The quality assurance mechanisms which have been developed for the licensing, compliance, and enforcement processes depend on accurate, timely and complete information to help safeguard the Commission's professional integrity and improve operational efficiency.

To ensure the Commission maintains robust controls over our expenditure we continually review our procurement arrangements. A central contracts database is in place and all contracts are brought in line with central frameworks where applicable. 

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