Caerphilly County Borough Council
The Auditor General for Wales' opinion is that the financial statements give a true and fair view of the Council's finances.
The COVID-19 pandemic has had a significant impact on all aspects of our society and continues to do so. You are required by law to prepare accounts and submit them for audit in line with prescribed timescales. The preparation of the 2019-20 accounts has proved a significant challenge to the Council and the initial agreed timetable for submitting the draft accounts for audit was not met, and there were a number of subsequent delays. We appreciate that the different ways of working, including working remotely from the office, not having access to hard-copy records and liaising with colleagues virtually, introduced unexpected delays in obtaining information to support the accounts. In addition, some changes in roles within the finance team, with the consequent loss of experience, has also provided a challenge.
Our audit report was unqualified. Due to the potential impact that Covid-19 has on the value of land and buildings and council dwellings, the Council's Valuer disclosed a material uncertainty within the 31 March 2020 valuation. This was reflected within Note 3 of the financial statements. We reflected this disclosure within an “emphasis of matter” paragraph in our opinion. This is not a modification or qualification of the opinion. The Greater Gwent Pension Fund, of which Caerphilly County Borough Council is an admitted body, holds investments in Pooled Property Units. As a result of Covid-19, valuations as at 31 March 2020 were not readily available due to the closure of the markets and therefore no trade price on which to base a valuation. The Property valuers therefore included an estimation uncertainty clause into the reports. The LGPS property assets attributable to Caerphilly County Borough Council account for £17.6m, 2.5% of total assets. This was reflected within Note 4 of the financial statements. We reflected this disclosure within an “emphasis of matter” paragraph in our opinion. This is not a modification or qualification of the opinion.
Caerphilly County Borough Council acts as agent on behalf of Welsh Government for the procurement of technology equipment for all 22 local authorities. This has been facilitated as part of the Hwb project, the Welsh Government programme for improving the use of digital technology for teaching and learning in schools.
Funding and Spending£-415.8 million surplus income
How is the Council funded?
Main groupings of income
Amount of income in particular area
How much has Caerphilly County Borough Council spent?
Total: £662.1 Million
A breakdown of the Total Other column in the above chart:
|Total Other||£ Million|
|Education and Lifelong Learning||£194.9 Million|
|Social Services and Housing||£153.7 Million|
|Corporate Services||£94.6 Million|
Total: £74.4 Million
StaffStaff Costs £239.8 Million
|Number of employees whose remuneration is over £60,000 per annum||91|
|Highest paid Director||£143,949|
|Ratio between the Council’s highest paid employee and the median position||6.8:1|
|Termination - number||146|
|Termination - value||1,247,000|
What they own£1335.6 Million
|Total Assets||£1335.6 Million|
|Property, Plant and Equipment||£1158.3 Million|
|Heritage Assets||£10.8 Million|
|Cash and Cash Equivalents||£0.7 Million|
|Other Assets||£1.2 Million|
Property, Plant and Equipment Breakdown
What they owe£936.5 Million
Borrowing - long term
Borrowing - Short term