Report

Trust Statement 2024 to 2025

The Gambling Commission's Trust Statement for the period 1 April 2024 to 31 March 2025

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Published
16 March 2026

Last updated
16 March 2026 - Changes

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Contents

• Trust Statement 2024 to 2025

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• Foreword
• Performance report
• Accountability
• • Statement of accounting officer's responsibilities
  • Governance statement
  • Accounts direction
  • Parliamentary accountability
  • The certificate and report of the Comptroller and auditor general to the House of Commons
• Financial statements
• • Statement of Revenue and Expenditure for the year ended 31 March 2025
  • Statement of Financial Position as at 31 March 2025
  • Statement of cash flows for the year ended 31 March 2025
• Notes to the Trust Statement
• • Statement of accounting policies
  • Revenue
  • Expenditure
  • Receivables
  • Balance on the Consolidated Fund Account
  • Financial instruments
  • Related parties transactions
  • Events after the reporting period
• Appendix

6 - Financial instruments

The Gambling Commission, on behalf of the Consolidated Fund, is party to financial instruments in the normal course of business. These include cash at bank, receivables, and payables. Financial instruments are valued at amortised costs in accordance with IFRS 9.

Under IFRS 7, the principal financial risks to consider are:

Credit Risk – the risk that a counterparty will default on its obligations. Receivables are assessed at the reporting date for any changes in credit risk in line with IFRS 9. Further details of any impairments can be seen in Note 4.3.

Liquidity Risk – the risk that an entity will encounter difficulty in meeting obligations as they fall due. There are no liquidity risks as the Commission does not borrow or invest surplus funds.

Market Risk – the risk of losses arising from movements in market prices, including interest rates and foreign exchange. There are no market risks as the Commission does not borrow or invest surplus funds.

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Balance on the Consolidated Fund Account Next section
Related parties transactions

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Last updated: 16 March 2026

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