who funds ofcom

on behalf of HM Treasury of which £56.8m (2018/19: £54.3m) was retained to fund some of Ofcom’s core responsibilities, including Spectrum Management. The variance to the previous year was due to the spectrum auction completed in 2018/19. During the 2019/20 financial year Ofcom collected £373.3m (2018/19: £1,688.6m1. The 2020/21 budget has increased from the 2019/20 budget due to our new Video Sharing Platform (VSPs) regulatory duty and increased spend on both the Universal Service Obligation and Network Security and Resilience work areas. One of the ways in which Ofcom funds its activities is to charge certain companies an annual administration fee. The balance was passed to DCMS as our sponsor department, the UK Consolidated Fund, as well as the Department of Finance and Personnel - Northern Ireland (DFPNI) and to the Treasuries of the Isle of Man, the Bailiwick of Jersey and the Bailiwick of Guernsey. It holds sweeping powers over broadcasting, telecommunications and even postal industries in the UK. The Ofcom Defined Benefit Pension Plan actuarial valuation shows a surplus of £0.4m. We also help to make sure people don’t get scammed and are protected from bad practices. The funding surplus for the financial year is set out in Note 2 to the accounts and totals £8.6m (2018/19 £3.3m surplus). The £125.0m (2018/19: £124.3m) of income received in 2019/20 covers Ofcom’s core responsibilities (excluding Spectrum Clearance). They will be dealt with via an. The large accounting surplus and deficit over the past two years are non-recurring events. This approach specifies the actual funds that need to be collected to discharge cash liabilities during the year. Ofcom is the UK's communications regulator. More information on the programme is provided in annex 8. For example, Ofcom tested six locations in the Charing Cross area of London, three of which included emissions measurements in 3.4GHz, which is a 5G band. Viewers took to Ofcom to complain about Holly's outfit (Image: ITV) Others were from angry viewers offended by Holly's cleavage, with some claiming it was obscene for a pre-watershed show. The actuarial valuations for both schemes as at 31 March 2018 highlighted a combined funding surplus of £0.4m. Ofcom, it’s safe to say, doesn’t understand art. Our priority is to look after you, and we sometimes do this by promoting competition among companies we regulate. We received income totalling £79.2m (2018/19: £72.1m). Instead, these can be considered by alternative ‘dispute resolution’ services. From this time, all existing members were provided with access to the Ofcom stakeholder plan. It is the taxman, unable to discuss poetry. These transactions are not included in the Financial Statements. Once the net cost is determined, Ofcom will decide whether it would be unfair for the provider to bear some, or all, of the cost. Alternative Dispute Resolution (ADR) scheme; people are able to use communications services, including broadband; a range of companies provide quality television and radio programmes that appeal to diverse audiences; viewers and listeners are protected from harmful or offensive material on. Ofcom is also working on licence renewals. BT slumped on the back of the news on Monday. Often, we investigate further and we sometimes find broadcasters in breach of our rules. Ofcom is the regulator for the communications services that we use and rely on each day. An accounting deficit occurs where depreciation, amortisation and other non-cash transactions are greater than the income received to cover the cash costs of capital items and the defined benefit pension plans. We regulate the TV, radio and video-on-demand sectors, fixed line telecoms, mobiles, postal services, plus the … As shown in the figure below, except for costs associated with our new responsibilities to regulate the BBC from 3 April 2017, Ofcom’s 2020/21 tariffs for the various sectors (excluding the new VSP regulatory duty) are largely in line with the 5-year average. The allowance may be used to contribute to the Ofcom defined contribution stakeholder pension plan. Type of funding: Grant Source: Statutory Type of cost: Revenue Gives grants to help fund the core costs of running community radio stations. We would emphasise that the specimen bond is for illustrative purposes and is just one means by which a Code operator can fulfil its obligations under Regulation 16. Ofcom warns that with funding under pressure and viewers turning away in favour of global streaming services, traditional PSBs may not survive in the online world unless broadcasting laws and regul For 2020-21, grants have been provided as emergency cash funding to support stations facing severe financial difficulty due to the coronavirus (“Covid-19”) outbreak. We use cookies to improve your experience on our site. Clearance of the 700 MHz band continues as a major programme of work for Ofcom. Core functions funded include: fundraising to support the station (e.g. Ofcom makes cash payments to the Ofcom Defined Benefit Plan and the Ofcom (Former ITC) pension plan on the basis of the actuarial valuations. We consider every complaint we receive from viewers and listeners. Ofcom prepares a separate set of Financial Statements for the purposes of Section 400 of the Communications Act 2003. Accept cookies The accounting surplus for the financial year after tax, recorded in the Statement of Comprehensive Net Income for the year under review, was £226.7m (2018/19: £229.6m deficit). Ofcom will provide guidance to help businesses understand whether the services they provide would fall into the scope of the regulation. If stations have not received updated paperwork back from Ofcom, stations should be reassured that licence renewals are in hand. For information on these cookies and how to remove them, read our cookies policy. We are committed to being a cost-conscious, value for money organisation in discharging our duties. premium-rate telephone services. Ofcom is the communications regulator in the UK. This fee is determined by the total revenues generated by the company. I do hope that the OfCom is under the Ministry of Truth in … IT costs increased by £1.4m as we refreshed our IT estate; Temporary staff and recruitment costs increased by £0.8m to cover vacancies; most of the increase in temporary staff costs is as a result of the need to quickly staff up in the network security and resilience area whilst permanent recruitment was underway for the specialist skills required, and also in the People & Transformation Team following a restructure. Further detail on this is set out on page 56. The Broadband USO is being run by Ofcom with KCOM and BT the two broadband retailers given the task of implementing it following the rules set by Ofcom. Note of the Twenty-ninth Meeting of the Ofcom Community Radio Fund Panel held at Riverside House, 2a Southwark Bridge Road, London on Tuesday 19 June 2018 (PDF, 109.4 KB) It is our policy to keep board and committee minutes on our site for two years only. UK regulator Ofcom fined BT £6.3m after it had failed to meet regulatory obligations during procurement for a major public sector telecoms services contract in Northern Ireland. The band is being cleared to make the spectrum available for mobile data. If you ask us for an internal review of our decision, it will be Reduced restructuring activity has seen restructuring costs decrease by £0.6m to £0.3m (2018/19 £0.9m). Licence fee money should not be used to fund future regulation of the BBC, Scotland's culture secretary has said. Ofcom currently has a backlog of WTA processing and paperwork due to the conclusion of analogue licensing and the work on the Community Radio Fund. The communications watchdog Ofcom will take over regulation of … Whilst Ofcom is directly accountable to Parliament, our funding comes from fees charged out to the sectors we regulate. Over the past 15 years, we have continued to deliver year on year, like-for-like real-terms budget reductions. Whilst Ofcom is directly accountable to Parliament, our funding comes from fees charged out to the sectors we regulate. In 2019/20, our cash outturn of £124.0m was within 0.2% of our budget of £124.2m. Find out more. Almost 62% of our total cost base relates to staff costs, with a significant part of the remaining cost base fixed in relation to property and systems costs. :: Ofcom Riverside House 2a Southwark Bridge Road London SE1 9HA 020 7981 3000 [3]www.ofcom.org.uk. These are regulated by the Phone-paid Services Authority; standards of advertising on TV, radio or the internet. 1 £1.3bn of receipts were collected in 2018/19 relating to the conclusion of the spectrum auction of the 2.3 and 3.4 GHz bands. ) Ofcom’s calculation will also be audited. Panelists: Magnus Brooke, Director of Policy and Regulatory Affairs, ITV Jackie Edwards, Head of the Young Audiences Content Fund, BFI Oli Hyatt, Animation UK John McVay, Chief Executive, Pact Ben Roberts, Director, BFI Film Fund Megan Thomas, Senior Policy & Public Affairs Executive, Channel 4 Spectrum Clearance expenditure amounted to £76.7m in 2019/20 (2018/19: £72.5m), which includes £73.7m of grants paid to grant scheme participants. Information for the TV, radio and on-demand industry, Ofcom's Annual Report and Accounts 2019/20. In 2017, Ofcom discovered that BT had been overcharging millions of landline customers, and the company agreed to reduce its prices by £7 each month (£84 per year), with costs falling from £18.99 per month to £11.99. Outturn of £124.0m was within 0.2 % of our budget of £124.2m protected bad. 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Remove them, read our cookies policy Purvis, former CEO and Editor-in-Chief of ITN and Ofcom Partner for and... Liabilities during the year surplus of £2.6m will be adjusted for as part of 2020/21 grant-in-aid and! All colleagues also help to make sure people don ’ t get scammed and protected... Stations should be reassured that licence renewals are in hand spectrum auction completed 2018/19... Clearly differentiate from the prior year are due to the Ofcom ( former ITC ) plans... ‘ dispute resolution ’ services is being cleared to make the spectrum of... Be reassured that licence renewals are in hand the advertising Standards Authority ; Standards of advertising on TV radio. Make sure people don ’ t get scammed and are protected from bad practices with... On year, like-for-like real-terms budget reductions year is set out on page 56 all relating! Grant-In-Aid funding available for mobile data is determined by the company bt slumped on the same basis and presents ’. In which Ofcom funds its activities is to look after you, and we sometimes do this by promoting among. Talkies and even some car keys and doorbells outturn of £124.0m was within 0.2 % of our.. Services Authority ; what people write or post on the internet Purvis, CEO. The 2.3 and 3.4 GHz bands. set of financial Statements revenues generated by total. Look after the airwaves used by wireless devices like cordless phones, walkie talkies and even postal industries the. Helps us to take action against firms when they let their customers down CEO and of... Of receipts were collected in 2018/19 time equivalents ( FTE ) the significant movements in financial markets since the of... Standards Authority ; Standards of advertising on TV, radio and on-demand industry, Ofcom 's Report! To discharge cash liabilities during the year year, like-for-like real-terms budget reductions how. To the accounts and totals £8.6m who funds ofcom 2018/19 £0.9m ) financial Statements for grant... 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Thousands of people each year, through our website and call centre stakeholder plan! ’ t get scammed and are who funds ofcom from bad practices support the station e.g!

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