11

Ofqual requested budget in one year for liabilities anticipated in the next

Conclusion
In January 2024, Ofqual requested additional budget of £417,000 in its Supplementary Estimate 2023–24, as it anticipated certain preparation costs for the office move. However, Ofqual expected the move itself would take place in April 2024 and therefore would recognise a right of use asset and related liabilities in its financial statements for the 2024–25 financial year.
Addressee Bodies
HM Treasury
Timeline
Recommendation age 1.3 yr
Report published 26 Feb 2025