Ofcom provides pension benefits through a defined contribution pension allowance that is available to all colleagues. The average staff numbers were 937 full time equivalents (FTE) (2018/19 902 FTE). We are committed to being a cost-conscious, value for money organisation in discharging our duties. For information on these cookies and how to remove them, read our cookies policy. Find out more. The Ofcom (Former ITC) pension plan valuation liabilities have all been bought in and thus there is no surplus or deficit. 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 funding surplus for the financial year is set out in Note 2 to the accounts and totals £8.6m (2018/19 £3.3m surplus). We are committed to being a cost-conscious, value for money organisation in discharging our duties. Ofcom administered two rounds of funding earlier this year with grants that provided 111 successful applicants totaling £406,810. Type of funding: Grant Source: Statutory Type of cost: Revenue Gives grants to help fund the core costs of running community radio stations. Colleagues who joined Ofcom from legacy regulators were entitled to retain membership of one of two defined benefit (DB) pension plans. These not-for-profit radio stations have a social purpose, and work to involve their target community in running the service. The increase in costs year on year relates to the annual pay award (£1.8m) and growth in our Technology team as we build our data and network security and resilience capabilities. 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. people are protected from unfair treatment in programmes, and don’t have their privacy invaded; the universal postal service covers all UK addresses six days a week, with standard pricing; and, the radio spectrum is used in the most effective way, individual disputes between you and your home phone, broadband or mobile provider. 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. 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. £373.3m of fees and payments collected under Section 400 of the Communications Act 2003. Ofcom, it’s safe to say, doesn’t understand art. 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. We use cookies to improve your experience on our site. 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. 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. Chat: Yahoo Finance. If stations have not received updated paperwork back from Ofcom, stations should be reassured that licence renewals are in hand. Often, we investigate further and we sometimes find broadcasters in breach of our rules. The variance to the previous year was due to the spectrum auction completed in 2018/19. It is affiliated with Islamic Republic of Iran Broadcasting (IRIB), the only organization legally able to transmit radio and TV broadcasts in Iran. Ofcom colleagues are employed on terms with access to a stakeholder pension plan. Clearance of the 700 MHz band continues as a major programme of work for Ofcom. Whilst Ofcom is directly accountable to Parliament, our funding comes from fees charged out to the sectors we regulate. We make sure people get the best from their broadband, home phone and mobile services, as well as keeping an eye on TV and radio. Reduced restructuring activity has seen restructuring costs decrease by £0.6m to £0.3m (2018/19 £0.9m). I do hope that the OfCom is under the Ministry of Truth in … 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 is the regulator and competition authority for the UK communications industries. 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. A total of £312.8m was transferred to Government accounts in the financial year. Ofcom will provide guidance to help businesses understand whether the services they provide would fall into the scope of the regulation. The surplus of £2.6m will be adjusted for as part of 2020/21 grant-in-aid. 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. 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 present the costs relating to Spectrum Clearance separately to clearly differentiate from the core Ofcom operational activity. The Community Radio Fund helps to fund the core costs of running Ofcom-licensed community radio stations. 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. Whilst Ofcom is directly accountable to Parliament, our funding comes from fees charged out to the sectors we regulate. For information on these cookies and how to remove them, read our cookies policy. The fees, payments and penalties are reported, with further detail provided, within these Financial Statements in Note 23 to the accounts, with further information in Annex 1 on page 156. 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 The band is being cleared to make the spectrum available for mobile data. We received income totalling £79.2m (2018/19: £72.1m). 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. These transactions are not included in the Financial Statements. The Ofcom Defined Benefit Pension Plan actuarial valuation shows a surplus of £0.4m. The allowance may be used to contribute to the Ofcom defined contribution stakeholder pension plan. If you ask us for an internal review of our decision, it will be It’s full name is the Office of Communications. We consider every complaint we receive from viewers and listeners. How much money they award themselves from the The regulator has imposed the sanction on Worldview Media Network, which operates the channel in the UK. Ofcom is the regulator for the communications services that we use and rely on each day. More information on the programme is provided in annex 8. We are independent, and funded by fees paid to us by the companies we regulate. 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. One of the ways in which Ofcom funds its activities is to charge certain companies an annual administration fee. 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. 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. Find out more. Licence fee money should not be used to fund future regulation of the BBC, Scotland's culture secretary has said. :: Ofcom Riverside House 2a Southwark Bridge Road London SE1 9HA 020 7981 3000 [3]www.ofcom.org.uk. The 2020/21 budget is in line with the HM Treasury’s spending cap set for Ofcom. Ofcom is the communications regulator in the UK. Both plans are closed to new entrants and benefits accruals ceased on 31 May 2011. Instead, these can be considered by alternative ‘dispute resolution’ services. Accept cookies 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. All costs relating to Spectrum Clearance are reported separately from Ofcom’s core responsibilities in the financial statements. Further detail on this is set out on page 56. 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. Information for the TV, radio and on-demand industry, broadband, home phone and mobile services, alternative ‘dispute resolution’ services. 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. This is particularly important for vulnerable or older people. 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. 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. The large accounting surplus and deficit over the past two years are non-recurring events. 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 But I wanted to know more about this OfCom. We provide advice and information to thousands of people each year, through our website and call centre. We also help to make sure people don’t get scammed and are protected from bad practices. Our duties come from Parliament. Following the introduction of IFRS 16, property lease costs are presented on a separate line in the operating expenditure, Depreciation ROU lease assets. 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. 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. The actuarial valuations for both schemes as at 31 March 2018 highlighted a combined funding surplus of £0.4m. Information for the TV, radio and on-demand industry, Ofcom's Annual Report and Accounts 2019/20. We look after the airwaves used by wireless devices like cordless phones, walkie talkies and even some car keys and doorbells. 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. 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 is the UK's communications regulator. Notes 1(k) and 20 to the accounts provide further detail. Gives grants to help fund the core costs of running community radio stations. Over the past 15 years, we have continued to deliver year on year, like-for-like real-terms budget reductions. 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. 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. Accept cookies 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. Apparently OFCOM isn't a funded organization but rather a company that oversees funding in the United Kingdom. Ofcom makes cash payments to the Ofcom Defined Benefit Plan and the Ofcom (Former ITC) pension plan on the basis of the actuarial valuations. This also reflects the significant movements in financial markets since the date of the actuarial valuations. The £125.0m (2018/19: £124.3m) of income received in 2019/20 covers Ofcom’s core responsibilities (excluding Spectrum Clearance). Our priority is to look after you, and we sometimes do this by promoting competition among companies we regulate. It holds sweeping powers over broadcasting, telecommunications and even postal industries in the UK. Ofcom prepares a separate set of Financial Statements for the purposes of Section 400 of the Communications Act 2003. At the three locations where 3.4GHz was in use, the percentage of the ICNIRP reference levels for general public exposure was … Parliament has not given us powers to resolve people’s complaints about their broadband, home phone or mobile phone. 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. 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 regulate the TV, radio and video-on-demand sectors, fixed line telecoms, mobiles, postal services, plus the … These are regulated by the Phone-paid Services Authority; standards of advertising on TV, radio or the internet. In 2019/20, our cash outturn of £124.0m was within 0.2% of our budget of £124.2m. Ofcom’s calculation will also be audited. 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. 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. If you are unhappy with the response or level of service you have received in relation to your request from Ofcom, you may ask for an internal review. These not-for-profit radio stations have a social purpose, and work to involve their target community in running the service. It looks after fixed line telecoms, mobile phones, and postal services. 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. 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. 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'. They will be dealt with via an. From this time, all existing members were provided with access to the Ofcom stakeholder plan. We use cookies to improve your experience on our site. It is the taxman, unable to discuss poetry. These are regulated by the Advertising Standards Authority; what people write or post on the internet. Core functions funded include: fundraising to support the station (e.g. Ofcom is also working on licence renewals. The main operating variances from the prior year are due to: Staff costs increased by £2.4m to £79.2m (2018/19 £76.8m). 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. 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. 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. premium-rate telephone services. We register complaints from people and businesses, which helps us to take action against firms when they let their customers down. 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. 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. The operating revenue required by Ofcom to fulfil its duties and deliver its programme of work for any financial year is calculated based on Ofcom’s statement of charging principles. Over the past 15 years, we have continued to deliver year on year, like-for-like real-terms budget reductions. Government has made grant-in-aid funding available for the grant scheme to allow Ofcom to disburse grants to scheme participants. Stewart Purvis, former CEO and Editor-in-Chief of ITN and Ofcom Partner for Content and Standards. 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 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. Press TV (stylised as PRESSTV) is an Iranian state-owned news and documentary network that broadcasts in the English and French languages. BT slumped on the back of the news on Monday. Ofcom - Community Radio Fund. The communications watchdog Ofcom will take over regulation of … 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 proposes their approach which includes considering: the cost to Ofcom and industry of establishing and administering an industry fund; That’s reassuring. 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. 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 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. 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. This fee is determined by the total revenues generated by the company. 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. 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). Reassured that licence renewals are in hand functions funded include: fundraising support... Worldview Media Network, which includes £73.7m of grants paid to grant scheme participants Iranian state-owned news and Network! Website and call centre by £0.6m to £0.3m ( 2018/19 £3.3m surplus ) was within 0.2 % our. 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