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.
Contents
- Foreword
- Performance report
- Accountability report
- Financial statements
- 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
13 - Retirement benefit obligations
This provision recognises the payments due in respect of a former Chair of Office of the National Lottery (OFLOT).
As set out in accounting policy 1e) Statement of accounting policies, Pension costs, for further details refer to the Retirement benefits section of the staff report.
| Description | 2024 to 2025 £ thousands |
2023 to 2024 £ thousands |
||
|---|---|---|---|---|
| Balance at 1 April | 169 | 177 | ||
| Interest cost | 8 | 7 | ||
| Actuarial loss and/or gain in the period | 6 | 3 | ||
| Pensions paid in year | (19) | (18) | ||
| Balance at 31 March | 164 | 169 | ||
| Liabilities included in the balance sheet | ||||
| Current | 19 | 19 | ||
| Non-current | 145 | 150 | ||
| Balance at 31 March | 164 | 169 | ||
The pension liability provision of £164,000 is split between, liability not later than one year (£19,000), and liability greater than one year (£145,000).
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Lease liabilities
Last updated: 15 October 2025
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