Reduced restructuring activity has seen restructuring costs decrease by £0.6m to £0.3m (2018/19 £0.9m). :: Ofcom Riverside House 2a Southwark Bridge Road London SE1 9HA 020 7981 3000 [3]www.ofcom.org.uk. 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. £373.3m of fees and payments collected under Section 400 of the Communications Act 2003. Any surplus funds arising as a consequence of budgetary savings achieved during the financial year are returned to stakeholders through a reduction in the annual tariffs raised in the two following financial years. Information for the TV, radio and on-demand industry, Ofcom's Annual Report and Accounts 2019/20. Type of funding: Grant Source: Statutory Type of cost: Revenue Gives grants to help fund the core costs of running community radio stations. 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 tracks Gigabit broadband growth, and bill payment challenges, in the UK Open Fiber stake heading Macquarie’s way Fiber access broadband network action leads today’s news roster, with expansion in the UK leading to new jobs creation and a stake in Italy’s Open Fiber set to change hands. As part of this, we also received £0.7m of grant funding from Innovate UK under the Regulators Pioneer Fund, for innovative work on the use of blockchain for UK telephone number management. 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. Government has made grant-in-aid funding available for the grant scheme to allow Ofcom to disburse grants to scheme participants. Ofcom prepares a separate set of Financial Statements for the purposes of Section 400 of the Communications Act 2003. From this time, all existing members were provided with access to the Ofcom stakeholder plan. The average staff numbers were 937 full time equivalents (FTE) (2018/19 902 FTE). Notes 1(k) and 20 to the accounts provide further detail. Core functions funded include: fundraising to support the station (e.g. Chat: Yahoo Finance. Our duties come from Parliament. 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 It looks after fixed line telecoms, mobile phones, and postal services. All costs relating to Spectrum Clearance are reported separately from Ofcom’s core responsibilities in the financial statements. 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. We also oversee the universal postal service, which means Royal Mail must deliver and collect letters six days a week, and parcels five days a week, at an affordable and uniform price throughout the UK. Ofcom is the communications regulator in the UK. Information for the TV, radio and on-demand industry, broadband, home phone and mobile services, alternative ‘dispute resolution’ services. 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. 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. That’s reassuring. The large accounting surplus and deficit over the past two years are non-recurring events. Instead, these can be considered by alternative ‘dispute resolution’ services. If you ask us for an internal review of our decision, it will be Colleagues who joined Ofcom from legacy regulators were entitled to retain membership of one of two defined benefit (DB) pension plans. Ofcom is the regulator for the communications services that we use and rely on each day. The main operating variances from the prior year are due to: Staff costs increased by £2.4m to £79.2m (2018/19 £76.8m). Ofcom is the regulator and competition authority for the UK communications industries. The incumbent users of the 700MHz band, digital terrestrial television (DTT) and programme making and special events devices (PMSE), will move to alternative frequencies. 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. For information on these cookies and how to remove them, read our cookies policy. Parliament has not given us powers to resolve people’s complaints about their broadband, home phone or mobile phone. In 2010, Ofcom published a statement setting out a specimen performance bond as an example of the type of instrument that code operators could choose to put in place in order to secure provision of funds. 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. We regulate the TV, radio and video-on-demand sectors, fixed line telecoms, mobiles, postal services, plus the … The 2020/21 budget is in line with the HM Treasury’s spending cap set for Ofcom. The allowance may be used to contribute to the Ofcom defined contribution stakeholder pension plan. Ofcom - Community Radio Fund. They will be dealt with via an. This also reflects the significant movements in financial markets since the date of the actuarial valuations. The actual operating outturn represents the accrual-based costs for the financial year and excludes non-cash items such as depreciation, amortisation and provisions. We use cookies to improve your experience on our site. A total of £312.8m was transferred to Government accounts in the financial year. During the 2019/20 financial year Ofcom collected £373.3m (2018/19: £1,688.6m1. Ofcom, it’s safe to say, doesn’t understand art. 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'. It is affiliated with Islamic Republic of Iran Broadcasting (IRIB), the only organization legally able to transmit radio and TV broadcasts in Iran. The Ofcom Defined Benefit Pension Plan actuarial valuation shows a surplus of £0.4m. 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. The Office of Communications (Welsh: Y Swyddfa Gyfathrebiadau), commonly known as Ofcom, is the government-approved regulatory and competition authority for the broadcasting, telecommunications and postal industries of the United Kingdom. The culture secretary, Nicky Morgan, and the home secretary, Priti Patel, said Ofcom’s existing position as broadcasting regulator made it suitable to enforce rules to keep the internet safe. Over the past 15 years, we have continued to deliver year on year, like-for-like real-terms budget reductions. We are independent, and funded by fees paid to us by the companies we regulate. Licence fee money should not be used to fund future regulation of the BBC, Scotland's culture secretary has said. In 2019/20, our cash outturn of £124.0m was within 0.2% of our budget of £124.2m. We use cookies to improve your experience on our site. We register complaints from people and businesses, which helps us to take action against firms when they let their customers down. Often, we investigate further and we sometimes find broadcasters in breach of our rules. 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. It is the taxman, unable to discuss poetry. 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’. 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. The regulator has imposed the sanction on Worldview Media Network, which operates the channel in the UK. 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). Today sees Ofcom publish some more detail on the funding regulations (pdf file) for how KCOM and BT can receive compensation for delivering service under the USO. This approach specifies the actual funds that need to be collected to discharge cash liabilities during the year. Both areas have now completed permanent appointments; Outsourced Services increased by £0.4m in respect of preparatory work for the upcoming auction of 700 MHz and 3.6 – 3.8 GHz Spectrum bands; Premises costs decreased by £0.8m as we recognised a rates credit in respect of Riverside House. But I wanted to know more about this OfCom. 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. Gives grants to help fund the core costs of running community radio stations. premium-rate telephone services. BT slumped on the back of the news on Monday. Ofcom provides pension benefits through a defined contribution pension allowance that is available to all colleagues. An accounting surplus is required to cover expenditure not reflected in the Statement of Comprehensive Net Income, including capital expenditure and deficit recovery payments necessary in respect of the two defined benefit pension plans. The communications watchdog Ofcom will take over regulation of … As part of the ongoing activity to manage and mitigate risks of the plans, further insurance-backed benefit buy-ins in respect of pensioner members will be considered in the future. Ofcom will provide guidance to help businesses understand whether the services they provide would fall into the scope of the regulation. Ofcom’s calculation will also be audited. These not-for-profit radio stations have a social purpose, and work to involve their target community in running the service. The actuarial valuations for both schemes as at 31 March 2018 highlighted a combined funding surplus of £0.4m. We consider every complaint we receive from viewers and listeners. 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. 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. Ofcom present the costs relating to Spectrum Clearance separately to clearly differentiate from the core Ofcom operational activity. 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. 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. These are regulated by the Advertising Standards Authority; what people write or post on the internet. 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 Apparently OFCOM isn't a funded organization but rather a company that oversees funding in the United Kingdom. Our priority is to look after you, and we sometimes do this by promoting competition among companies we regulate. The variance to the previous year was due to the spectrum auction completed in 2018/19. The £125.0m (2018/19: £124.3m) of income received in 2019/20 covers Ofcom’s core responsibilities (excluding Spectrum Clearance). Ocom regulates the TV and radio sectors, fixed line telecoms, mobiles, postal services, plus the airwaves over which wireless devices operate, and make sure that people in the UK get the best from their communications services and are protected from scams and sharp practices, while ensuring that Ofcom administered two rounds of funding earlier this year with grants that provided 111 successful applicants totaling £406,810. Ofcom colleagues are employed on terms with access to a stakeholder pension plan. 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 note also reconciles income on the same basis and presents Ofcom’s actual operating outturn and income by sector. Ofcom published the 2020/21 Tariff Tables on 31 March 2020, based on the budget of £131.9m set for 2020/21 and incorporating the differences between the budgeted costs for 19/20 and the actual results, per sector. I do hope that the OfCom is under the Ministry of Truth in … This fee is determined by the total revenues generated by the company. 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. At the three locations where 3.4GHz was in use, the percentage of the ICNIRP reference levels for general public exposure was … 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. Find out more. 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. Stewart Purvis, former CEO and Editor-in-Chief of ITN and Ofcom Partner for Content and Standards. If stations have not received updated paperwork back from Ofcom, stations should be reassured that licence renewals are in hand.

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