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  3. Annual report and accounts 2023 to 2024

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.

Published
17 October 2024

Last updated
17 October 2024 - Changes

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  1. Contents
  2. Notes to the accounts
  3. 20. Related party transactions

20. Related party transactions

The Gambling Commission is a Non-Departmental Public Body of the Department for Culture, Culture, Media and Sport (DCMS), which is funded through the collection of licence fees from the industry and Grant-in-Aid (GIA) for National Lottery operations. DCMS is regarded as a related party. During the year, the Commission has had a significant number of material transactions with the Department and with other entities for which the Department is regarded as the parent Department.

Related party transactions
Description National Lottery operation
£ thousands		 National Lottery Competition
£ thousands		 2023 to 2024
£ thousands		 2022 to 2023
£ thousands
Grant-in-Aid for revenue expenditure 2,313 12,558 14,871 22,243
Grant-in-Aid (repaid) and/or payable relating to 2021 to 20221 0 0 0 (855)
Grant-in-Aid (repaid) and/or payable relating to 2022 to 20232 (97) (862) (959) 1169
Grant-in-Aid repayable 2023 to 20243 0 528 528 0
Total 2,216 12,224 14,440 22,557

In addition, the Commission has had a small number of transactions with other government departments and other central government bodies. These include payments the Commission has made to the Consolidated Fund for the repayment of fines and penalties issued to gambling operators for breach of licence conditions. See Note 5d, Consolidated fund income, for further details.

During the year, no Board member, key manager or other related parties has undertaken any material transactions with the Commission during the year.

All Commissioners were paid by the Commission. See Remuneration Report for further details.

GIA funding is received on a monthly basis based on forecast expenditure during the next month. Where the expenditure is not required, funds are either returned to DCMS or deducted from future claims. The details on the GIA repayable at year end are provided in the citations and references section on this page.

References

1 During 2022 to 2023, £855,000 was repaid, which related to 2021 to 2022. GIA was to cover potential litigation costs which did not materialise before 31st March 2022.

2 Of the GIA received, £959,000 relating to 2022 to 2023 was repaid during 2023 to 2024. GIA was to cover potential litigation costs which did not materialise before 31st March 2023.

3 GIA received during 2023 to 2024 includes £528,000 which was drawn down to cover potential litigation and other costs which did not materialise before 31st March 2024. This will be repayable as a reduction in 2024-25 payments

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19. Contingent liabilities disclosed under IAS 37 Next section
21. Events after the reporting period
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