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.
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 sectionStatement of financial position for the year ended 31 March 2024
Last updated: 17 October 2024
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