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.
12. Trade and other payables or the Annual Report 2023 to 2024
12a) Amounts falling due within one year
Description | 2023 to 2024 £ thousands |
Restated 2022 to 2023 £ thousands |
---|---|---|
Trade and other payables | 1,054 | 476 |
Consolidated Fund payables1 | 158 | 9,464 |
Other taxation and social security | 960 | 832 |
Staff holiday pay accrual | 88 | 162 |
Other payables2 | 122 | 190 |
Accruals3 | 1,320 | 2,106 |
Fees received in advance | 0 | 380 |
Deferred income4 | 13,954 | 13,177 |
Balance at 31 March | 17,656 | 26.787 |
Year ending 31 March 2023 numbers restated for Consolidated Fund payables, further information is included in Note 2 of the accounts.
12b) Amounts due after more than one year
Description | 2023 to 2024 £ thousands |
2022 to 2023 £ thousands |
---|---|---|
Deferred income | 625 | 566 |
Balance at 31 March | 625 | 566 |
In accordance with International Financial Regulation Standards (IFRS) 15, the Gambling Commission's deferred income due after more than one year relates to Personal Licence fees paid that are due to be released to income in years 2024 to 2025 onwards.
References
1 Consolidated fund payables, see note 5(d) for further details.
2 Other payables 2023 to 2024 includes £104,000 which is payable to operators for refunds in Quarter 1 (April to June) 2024 to 2025
3 2023 to 2024 Accruals includes £460,000 (£340,000 for legal fees and £120,000 for secondments and subcontractors) for the 4th National Lottery licence. Accruals have reduced in 2023 to 2024 from 2022 to 2023 by £0.786m due to 4th National Lottery Licence expenditure being lower as the competition award was made in February 2024.
4 The Commission holds total deferred income balances of £14,579,000 (£13,743,000 in 2022 to 2023). These relate to:
- licence fees received, due to be released to income within one year of £13,954.000 (£13,177,000 in 2022 to 2023)
- licence fees received, due to be released to income after one year of £625,000 (see Note 12b) (£566,000 in 2022 to 2023).
11. Trade and other receivables Next section
13. Provisions for liabilities and charges
Last updated: 17 October 2024
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