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

Governance statement

The Gambling Commission’s Corporate Governance Statement is set out on pages 55 to 74 of the Commission Annual Report and Accounts 2024 to 2025 (HC 759). That section explains the composition and governance structure of the Commission Board and outlines the Board’s role and performance.

Governance arrangements specific to the Trust Statement

The collection and management of Trust Statement revenue sources—such as financial penalties and statutory levies—are administered within the Commission’s established governance framework.

Specific systems and controls include:

• segregation of duties between enforcement, finance operations, and Treasury liaison functions
• internal controls over invoicing, collection, reconciliation, and remittance processes, supported by documented procedures and authorisation checks
• risk management aligned with the Commission’s corporate risk framework, covering credit risk, fraud risk, and compliance risk
• audit and assurance through internal audit reviews and external audit by the National Audit Office (NAO)
• compliance monitoring against HM Treasury guidance, Managing Public Money, and the financial reporting manual (FReM).

These arrangements ensure that Trust Statement transactions are managed with integrity, accuracy, and compliance with statutory requirements.

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Statement of accounting officer's responsibilities Next section
Accounts direction

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Last updated: 16 March 2026

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