Often, we investigate further and we sometimes find broadcasters in breach of our rules. The regulator has imposed the sanction on Worldview Media Network, which operates the channel in the UK. In 2019/20, our cash outturn of £124.0m was within 0.2% of our budget of £124.2m. As a consequence of the risk mitigation work between Ofcom and the Trustees and Actuaries of both pension plans, approximately 80% of the plans’ liabilities are now backed by annuities. The incumbent users of the 700MHz band, digital terrestrial television (DTT) and programme making and special events devices (PMSE), will move to alternative frequencies. The significant variance to the prior year reflects the inclusion of the provision of £232m in the 2018/19 financial statements which was funded by DCMS and settled in this financial year. premium-rate telephone services. £373.3m of fees and payments collected under Section 400 of the Communications Act 2003. A total of £312.8m was transferred to Government accounts in the financial year. We are committed to being a cost-conscious, value for money organisation in discharging our duties. From this time, all existing members were provided with access to the Ofcom stakeholder plan. The variance to the previous year was due to the spectrum auction completed in 2018/19. It holds sweeping powers over broadcasting, telecommunications and even postal industries in the UK. Information for the TV, radio and on-demand industry, broadband, home phone and mobile services, alternative ‘dispute resolution’ services. We register complaints from people and businesses, which helps us to take action against firms when they let their customers down. Licence fee money should not be used to fund future regulation of the BBC, Scotland's culture secretary has said. We use cookies to improve your experience on our site. We also help to make sure people across the UK are satisfied with what they see and hear on TV and radio, and that programmes reflect the audiences they serve. Note 2 of the accounts within Section C reconciles the total operating expenditure as presented in the Statement of Comprehensive Net Income to Ofcom’s actual operating outturn. During the 2019/20 financial year Ofcom collected £373.3m (2018/19: £1,688.6m1. Ofcom is the regulator for the communications services that we use and rely on each day. Clearance of the 700 MHz band continues as a major programme of work for Ofcom. The Ofcom Defined Benefit Pension Plan actuarial valuation shows a surplus of £0.4m. Colleagues who joined Ofcom from legacy regulators were entitled to retain membership of one of two defined benefit (DB) pension plans. How much money they award themselves from the The surplus of £2.6m will be adjusted for as part of 2020/21 grant-in-aid. We are also a net contributor to HM Treasury; Ofcom collected £373.3m of fees and penalties in 2019/20, of which we retained £56.8m to fund our spectrum management and other relevant duties. Our responsibilities include the collection and transfer of licence fees collected under the Wireless Telegraphy Act 2006 (WTA), geographic telephone numbers, additional payments from broadcasting licensees and the levying of fines and penalties on stakeholders. They will be dealt with via an. 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. However, the 2019/20 financial statements show a surplus of £22.4m, in part because the pension liabilities under the financial statements are prepared on the basis that the liabilities are discounted in line with the yields on high-quality bonds which, under current market conditions, differ significantly from the approach used for determining Ofcom’s contributions. Parliament has not given us powers to resolve people’s complaints about their broadband, home phone or mobile phone. Besides overall disgust, there is a very strong link between the BBC and this story concerning the people who run OFCOM, the supposed media 'watchdog'. The actual operating outturn represents the accrual-based costs for the financial year and excludes non-cash items such as depreciation, amortisation and provisions. This approach specifies the actual funds that need to be collected to discharge cash liabilities during the year. We provide advice and information to thousands of people each year, through our website and call centre. MUMBAI: The Office of Communications (Ofcom), UK’s government-approved regulator for the broadcast sector, has fined Arnab Goswami-owned Hindi news channel Republic Bharat GBP 20,000 for airing “highly offensive hate speech” during one of its shows, ‘Poochta Hai Bharat’. Ofcom’s calculation will also be audited. The 2020/21 budget is in line with the HM Treasury’s spending cap set for Ofcom. All costs relating to Spectrum Clearance are reported separately from Ofcom’s core responsibilities in the financial statements. The actuarial valuations for both schemes as at 31 March 2018 highlighted a combined funding surplus of £0.4m. The communications watchdog Ofcom will take over regulation of … Stewart Purvis, former CEO and Editor-in-Chief of ITN and Ofcom Partner for Content and Standards. Type of funding: Grant Source: Statutory Type of cost: Revenue Gives grants to help fund the core costs of running community radio stations. This also reflects the significant movements in financial markets since the date of the actuarial valuations. Apparently OFCOM isn't a funded organization but rather a company that oversees funding in the United Kingdom. We consider every complaint we receive from viewers and listeners. 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. Cash payments, rather than the amount charged to operating surplus as calculated under IAS19, are included in operating expenditure outturn used to calculate the tariffs charged to stakeholders each year. Whilst Ofcom is directly accountable to Parliament, our funding comes from fees charged out to the sectors we regulate. The fees and charges will vary by sector as they reflect planned work for 2020/21, along with the variances between the 2019/20 budget and the actual final expenditure. These transactions are not included in the Financial Statements. 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. Government has made grant-in-aid funding available for the grant scheme to allow Ofcom to disburse grants to scheme participants. 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. More information on the programme is provided in annex 8. Non-staff expenditure relating to Ofcom’s core responsibilities in 2019/20 increased by £1.9m to £47.9m (2018/19 £46.0m), which excludes payroll staff costs. Ofcom provides pension benefits through a defined contribution pension allowance that is available to all colleagues. These not-for-profit radio stations have a social purpose, and work to involve their target community in running the service. The Ofcom (Former ITC) pension plan valuation liabilities have all been bought in and thus there is no surplus or deficit. Core functions funded include: fundraising to support the station (e.g. Further detail on this is set out on page 56. 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 has hit BT with a £3,727,330 bill for reporting inaccurate financials to the regulator, leading to the telco paying lower administration fees for five years. :: Ofcom Riverside House 2a Southwark Bridge Road London SE1 9HA 020 7981 3000 [3]www.ofcom.org.uk. 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