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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 statements
  3. Statement of Comprehensive Net Expenditure (SoCNE) for the year ended 31 March 2024

Statement of Comprehensive Net Expenditure (SoCNE) for the year ended 31 March 2024

(20,987)
Statement of Comprehensive Net Expenditure (SoCNE) for the year ended 31 March 2024
Description Notes 31 March 2024
£ thousands
31 March 2023
£ thousands
Income
Licence fee income 5b 25,825 25,703
Other income 5c 357 387
Total operating income No notes 26,182 26,090
Expenditure
Staff costs 4a (23,309) (19,021)
Other expenditure 4b (16,013)
Provision expense 4c 24 0
Interest cost on pensions liability 4c (7) (3)
Depreciation and amortisation 4c (369) (38)
Finance lease depreciation 4c (740) (856)
Total operating expenditure No notes (40,414) (40,905)
Net operating expenditure No notes (14,232) (14,815)
Interest received 5b 629 457
Finance costs 4b (50) (10)
Finance expense 4b (29) (20)
Corporation tax 4b (177) (87)
Net expenditure for the year No notes (13,859) (14,475)
Other comprehensive expenditure
Actuarial gain or loss on pension scheme liabilities No notes (3) 23
Comprehensive net expenditure for the year No notes (13,862) (14,452)

The Gambling Commission receives Grant-in-Aid (GIA) funding to cover National Lottery expenditure. GIA is treated as a financing transaction rather than revenue and is taken directly to reserves.

Next section
Statement of financial position for the year ended 31 March 2024
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