Standards
Bingo and casino technical requirements
Bingo and casino technical requirements under section 85 and section 89 of the Gambling Act 2005.
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).
Last updated: 6 March 2026
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