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Since The National Lottery began in 1994, over 690,000 Good Causes have been supported with £49 billion raised by players of The National Lottery (project figures sourced from the Department for Digital Culture, Media & Sport – May 2024).
- Performance Report
- Accountability Report
- Notes to The Financial Statements
Overview
This overview explains what the 2021-22 financial statements show, how the National Lottery Distribution Fund (NLDF) operates, and the key risks that the NLDF faces.
Important events which have occurred since the year end
These are shown in note 14 to the accounts.
Performance analysis
The trend over the last ten years for income, expenditure (i.e. drawdowns by lottery distributing bodies), amount held for lottery distributing bodies, and the grant liabilities of lottery distributing bodies (discussed below) are shown in the chart and table below. NLDF ten-year financial trends
The accountability report is divided into three sections: the corporate governance report, the remuneration and staff report, and the parliamentary accountability disclosures. The corporate governance report provides information on the governance of the NLDF. The remuneration and staff report provides information on the remuneration of those charge...
2 Income from the National Lottery
The net interest on the Players’ Trust Fund for 2019-20 (a separate Trust established by the Licensee for the protection of players, under Condition 19 of the Section 5 Licence) was deemed receivable by the NLDF, at that time, by the Trustees (the Law Debenture Trust Corporation plc). However, no interest was received in 2020-21, which resulted in the reversal in 2020-21. These categories are defined in the ‘Where the money comes from’ section of the Performance report overview.
3 Investment income
The NLDF’s objective is to provide for the lottery distributing bodies’ liquidity needs, and to maximise returns over the medium term. The range of permitted investments is restricted to those contained within a direction made by HM Treasury, and is implemented by CRND. All investments in 2021-22 were held as call notice deposits. The increase in investment income is due to an increase in the average interest rate on deposits in 2021-22 to 0.19% (2020-21: 0.10%).
4 Operational costs: Department for Digital, Culture, Media and Sport**
The external auditors did not provide any non-audit services in 2021-22 (2020-21: nil).
Thanks to National Lottery players, the equivalent of £36 million was generated every week for Good Causes across the UK in 2022/23 – money that has played a crucial role in supporting people and projects through the cost of living crisis, as well as helping to bring communities together to celebrate key national moments.
One of the 245 Millennium Greens created by the Countryside Agency with National Lottery money. In March 2022, it was announced that the UK national lottery raised £1.84 billion for good causes from March 2021 to March 2022 in a new yearly record. [65]
Jul 28, 2021 · National Lottery players raise £36 million each week for good causes throughout the UK. Since The National Lottery began in 1994, £43 billion has been raised for good causes which has supported over 635,000 projects, benefiting millions of people - that’s 255 projects per postcode area.
Dec 27, 2021 · In the year to March 2021, it made a pre-tax profit of £95.2m on sales of £8.4bn (the good causes got £1.8bn). Little wonder that the contest for the fourth 10-year lottery licence has...
Aug 26, 2024 · How much money is spent on National Lottery tickets in the UK? From April 2022 to March 2023, sales from the National Lottery totaled over eight billion GBP.
