Report

Annual report and accounts 2024 to 2025

The Gambling Commission's 2024 to 2025 annual report and accounts. For the period 1 April 2024 to 31 March 2025.

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Published
15 October 2025

Last updated
15 October 2025 - Changes

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Contents

• Annual report and accounts 2024 to 2025

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• Foreword
• Performance report
• • Introduction
  • The organisation
  • Financial performance analysis
  • Complaints
  • Sustainability
• Accountability report
• • Overview
  • Corporate governance report
  • Remuneration report
  • Staff report
  • Parliamentary accountability and audit report
  • The report of the Comptroller and Auditor General to the Houses of Parliament
• Financial statements
• • Statement of comprehensive net expenditure
  • Statement of financial position for the year ended 31 March 2025
  • Statement of cash flow for the year ended 31 March 2025
  • Statement of changes in taxpayers' equity for the year ended 31 March 2025
• Notes on the accounts
• • Statement of accounting policies
  • Statement of operating costs by operating segment
  • Expenditure
  • Income cash receipts
  • Property, plant and equipment
  • Right of use assets
  • Intangible assets
  • Financial instruments
  • Cash and cash equivalents
  • Trade and other receivables
  • Trade and other payables
  • Provisions and charges
  • Retirement benefit obligations
  • Lease liabilities
  • Contingent liabilities disclosed under IAS 37
  • Related party transactions
  • Amounts of income to the Consolidated Fund
  • Events after the reporting period
• Appendices
• • Annex A - Key operational data
  • Annex B - Performance by Business Plan Deliverable in 2024 to 2025

17 - Amounts of income to the Consolidated Fund

17a) Analysis of income payable to the Consolidated Fund

Income collected is not recognised in the Gambling Commission’s Statement of Comprehensive Net Expenditure (SoCNE), as it represents funds collected on behalf of the Consolidated Fund.

The Commission held the following balances on behalf the Consolidated Fund as at 31 March 2025.

Analysis of income payable to the Consolidated Fund

Description	Fines and Penalties £ thousands	Economic Crime Levy (ECL) £ thousands	2024 to 2025 Total £ thousands	2023 to 2024 Total £ thousands
Fines and penalties	878	0	878	7,156
Levy income	0	1,989	1,989	1,940
Less: Costs of collection	(44)	(70)	(114)	(225)
Less: Uncollectable debts	0	0	0	(2,310)
Amount payable to the Consolidated Fund	834	1,919	2,753	6,561
Balance held at the start of the year	0	158	158	11,599
Payments into the Consolidated Fund	(155)	(2,077)	(2,232)	(18,002)
Balance held on trust at the end of the year	679	0	679	158

Fines and penalties income

As set out in Note 1(q), Statement of accounting policies, treatment of penalty packages, income payable to the Consolidated Fund does not form part of the SoCNE. There was £680,000 payable for fines and penalties at the 31 March 2025 (2023 to 2024 £0).

Allowances for bad debts

All fees must be paid on or before the date prescribed to prevent being in breach of the payment agreement. Failure to pay will result in interest charges. Interest accrues and shall be payable by Operators on any part of the financial penalty that is not paid at the rate of 2.5 percent per annum above Bank of England base rate until the date of payment. Historically, payment plans have not been required, and fines and penalties were considered to be non-complex financial assets which were low risk of not being paid.

As per IFRS 9, Financial Instruments, the Commission’s Impairment Policy is to provide for expected credit losses on trade receivables relating to the Consolidated Fund. This requires the use of lifetime expected credit loss provisions for all financial penalties issued. These provisions are based on an assessment of risk of default and expected timing of collection, and an allowance for loss is made for potentially impaired receivables during the year in which they are identified based on a periodic review of all outstanding amounts.

During 2024 to 2025, consolidated fund aged receivables amounting to £500,000 were written off as uncollectible. These amounts had been fully provided for in previous periods. There currently remains one doubtful debt which is being pursued via the courts, an Impairment allowance has been recognised in previous periods. Consolidated Fund receipts due total £1.81 million all of which is fully impaired. Allowance losses are recorded within this note, before there is objective evidence an asset is impaired, it is an estimate of future loss including where impairment events have yet to happen.

Significant areas of judgement

There is uncertainty in the estimate of the amount to be realised by the Commission from outstanding Consolidated Fund Receivables. This estimate is based on historic recovery data and data gathered from similar companies. In line with IFRS 9, Consolidated Fund debts have been grouped into similar types, in this case preferential or non-preferential claims against the insolvency. Analysis of historic trends of recovery of these types of debts has revealed that the best estimate of recovery is 0 percent for non-preferential, and 35 percent for preferential.

Expected credit losses are recorded within Consolidated Fund receivables in Note 10, Trade and other receivables. Before there is objective evidence that an asset is impaired, it is an estimate of future loss including where impairment events have yet to happen.

During 2024 to 2025, a review of Consolidated Fund aged receivables determined 2 doubtful debts which are being pursued via the courts. An Impairment allowance has been adjusted in year.

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Related party transactions Next section
Events after the reporting period

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Last updated: 15 October 2025

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