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.
19. Contingent liabilities disclosed under IAS 37
Gambling Regulation
There is one contingent liability payable on an employment tribunal case by the Gambling Commission at the 31 March 2024 £56,200 (£93,000, 2022 to 2023).
The contingent liabilities figure has been calculated under the guidance of IAS 37, based on events existing at the balance sheet date.
Fourth National Lottery competition
The Commission considers the liability to be a contingent liability in accordance with IAS 37. Due to the ongoing legal action and complexity of the case, including the varied consequences of multiple possible scenarios and permutations, we are unable to provide reliable financial estimates. Furthermore, there are a number of commercial sensitivities surrounding the legal challenges, and disclosure of further information could be prejudicial to the ongoing case. The liabilities will remain until the legal challenges are settled, because they relate to possible obligations in respect of enduring legal challenges as a result of the Commission’s decision.
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20. Related party transactions
Last updated: 17 October 2024
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