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

4 - Receivables

Amounts due at 31 March 2025

Amounts due at 31 March 2025

ECL Band	Receivable at 31 March 2025 £ thousand	Accrued Revenue Receivable at 31 March 2025 £ thousand	Total as at 31 March 2025 £ thousand	Total as at 31 March 2024 £ thousand
ECL Receivables	0	2,362	2,362	2,091
Financial Penalties Receivables	2,498	0	2,498	2,310
Total before estimated impairment	2,498	2,362	4,860	4,401
Less estimated impairments*	(1,810)	0	(1,810)	(2,310)
Total Receivables	688	2,362	3,050	2,091

*See the following Change to impairments section for further details.

Receivables represent the amounts due from licensees where ECL invoices or financial penalty notices have been issued but remain unpaid as at 31 March 2025.

Accrued revenue receivable represents the amount of revenue from licensees which relate to the financial year but for which invoices have not been issued. The amounts are estimated from statistical models of those activities which require a licence to be held.

Consolidated Fund receipts due total £4,860,000 (2023 to 2024: £4,401,000), of which £1,810,000 relating to Financial Penalties is not expected to be received and has been fully impaired. The net amount receivable on behalf of the Consolidated Fund is £3,050,000.

Credit losses

Financial Penalties receivable balances have been reviewed individually at year-end for indications of impairment, in line with IFRS 9 and FReM guidance, and provided for where recovery is uncertain.

Credit losses

	2025 £ thousand	2024 £ thousand
Debts written off	(500)	0
Change in the value of impairments	500	(175)
Total	0	(175)

Change to impairments

Change to impairments

	2025 £ thousand	2024 £ thousand
Balance as at 1 April	(2,310)	(2,135)
Change in estimated value of impairments	500	(175)
Balance as at 31 March	(1,810)	(2,310)

Receivables on the Statement of Financial Position are reported after the deduction of the estimated value of impairments. This estimate is based on a case-by-case review of individual invoices, considering enforcement status, operator solvency, and forward-looking factors.

During 2024 to 2025, Financial Penalties 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 expected credit loss of £1,810,000 which is being pursued via the courts; an impairment allowance has been recognised in previous periods.

Allowance losses are recorded within this note. Impairment is recognised when there is objective evidence that a receivable is impaired, and estimates reflect expected future loss events.

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Expenditure Next section
Balance on the Consolidated Fund Account

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Last updated: 16 March 2026

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