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

14 - Lease liabilities

Lease liabilities

Descriptions	Victoria Square House Land and Buildings £ thousands	Plant and Equipment £ thousands	2024 to 2025 Total £ thousands	2023 to 2024 Total £ thousands
Leases under International Financial Reporting Standards (IFRS) 16 Total future lease payments under leases are given in this table for each of the following periods:
No later than one year	700	3	703	748
Later than one year and not later than five years	0	1	1	1,013
Later than five years	0	0	0	0
Balance as at 31 March	700	4	704	1,761
Lease Liabilities included in the balance sheet
Current	700	3	703	748
Non-current	0	1	1	1,013
Balance as at 31 March	700	4	704	1,761
Movement in lease during the year
At 1 April	1,753	8	1,761	2,492
Interest on lease liabilities – finance costs at 1.99 percent	(274)	0	(274)	50
Lease Liability payments	(779)	(4)	(783)	(781)
Balance as at 31 March	700	4	704	1,761

Interest on lease liabilities – Finance Cost - amounts recognised in Statement of Comprehensive Net Expenditure (SoCNE), a discount rate of 1.99 percent per annum has been applied in the calculations of interest on lease liabilities.

Lease Liabilities Adjustment: As part of the calculation of lease liabilities under IFRS 16, an incorrect assumption was made regarding inflation, leading to an overstatement of the lease liability. No inflation increases were applied to the lease payments. To correct this, an adjustment was made during the year ended 31 March 2025, reducing the liability and resulting in a credit of £303,200 recognised in the financial statements. The actual finance cost for the year amounted to £29,113, resulting in a net finance income of £274,087. This adjustment ensures that the lease liabilities reflect the revised, accurate assumptions.

Lease liability payments amounts are recognised in the Statement of cash flow.

Previous section
Retirement benefit obligations Next section
Contingent liabilities disclosed under IAS 37

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Last updated: 15 October 2025

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