Statement of Accounts 2015/16 - Wrexhamold.wrexham.gov.uk/assets/pdfs/financial/statement_of... ·...

APPENDIX 4

Wrexham County Borough Council

Statement of Accounts for the financial year

ended 31 March 2016

M S Owen Head of Finance

CONTENTS

STATEMENT OF ACCOUNTS PAGE

Narrative Report (a change in requirements for 201516 replacing the Explanatory Foreword) 2

Statement of Responsibilities for the Statement of Accounts 7

Financial Statements

Movement in Reserves Statement 8

Comprehensive Income and Expenditure Statement 9

Balance Sheet 10

Cash Flow Statement 11

Notes to the Accounts (including Accounting Policies) 12

Housing Revenue Account and Notes 59

Independent Auditorrsquos Report 63

Annual Governance Statement 64

-1shy

NARRATIVE REPORT

1 Introduction

This booklet summarises the County Borough Councilrsquos accounts for the financial year 201516 and contains

bull the Movement in Reserves Statement shows the movement in the year on the different reserves held by the Council analysed into lsquousablersquo reserves (ie those that can be applied to fund expenditure or reduce local taxation) and other reserves

bull the Comprehensive Income and Expenditure Statement shows the accounting cost in the year of providing services in accordance with generally accepted accounting practices rather than the amount to be funded from council tax Councils raise council tax to cover expenditure in accordance with regulations this may be different from the accounting cost The council tax position is shown in the Movement in Reserves statement

bull the Balance Sheet which sets out the financial position of the Council at 31 March 2016

bull the Cash Flow Statement shows the changes in cash and cash equivalents of the Council during the financial year

bull the Housing Revenue Account (HRA) and notes show in more detail the income and expenditure on HRA services included in the Comprehensive Income and Expenditure Account

2 Revenue Outturn compared to the Councilrsquos Budget

21 The details of the Councilrsquos revenue expenditure for the year are set out in the Movement in Reserves Statement and the Comprehensive Income and Expenditure Statement (CIampES) which appear on pages 8 and 9 The Council is reporting a deficit on the provision of services of pound3829k (excluding HRA) for the year with significant amounts relating principally to technical adjustments (see note 4 Notes to the Accounts) such as

bull Non current asset impairment charges where capital expenditure incurred by the Council has not resulted in an equivalent increase in the value of fixed assets

bull The effect of Post Employment Benefits on the Councilrsquos CIampES primarily as a result of past service gains pensions interest cost and expected return on pension assets

22 Council Fund services (excluding HRA) underspent by pound2505k and the net yield from council tax and government grants were pound110k and pound1316k respectively greater than expected for the 201516 financial year Schoolsrsquo underspent by pound20k and this amount was transferred to school balances The members of the Executive Board at its meeting on 10 May 2016 noted the carry forward of service underspends and transfers to earmarked reserves amounting to pound3911k with no transfer to the General Fund balance

23 The Council monitors spend against its budget for the year based on its internal management and departmental structure The HRA is reported separately during the financial year and is consolidated as part of the production of the year-end accounts The HRA outturn was also reported to the Executive Board on 10 May 2016 and HRA balances decreased by pound1425k

24 The budget for 201516 was approved by Council in February 2015 The budget for the year totalled pound223m and was closely monitored and controlled during the year in accordance with approved Council procedures The actual Council Fund expenditure and income at the end of the financial year compared to the budget plan and reconciled to the CIampES on page 9 is summarised in a table on page 3

-2shy

NARRATIVE REPORT

Council Fund Budget poundrsquo000

a

Actual Outturn

poundrsquo000 b

Variance poundrsquo000 c=b-a

Technical Adjustment (incl HRA)

poundrsquo000 d

CIampE Outturn (page 8 )

poundrsquo000 e=b+d

CIampE Variance (page 8 )

poundrsquo000 f=e-a

Net Service Expenditure Net Cost of Services

109399 109108 (291) 232462 341570 232171

Schools

Corporate Income amp Expenditure

76850 76830 (20) (76830) 0 (76850)

Services 19566 18096 (1470) (18096) 0 (19566)

Interest Payable amp Other Operating costs

Precepts

17306 16582 (724) 15666 32248 14942

Community Councils 0 0 0 2354 2354 2354 North W ales Police amp Crime Commissioner

0 0 0 12430 12430 12430

Total Net Expenditure

Financed by

223121 220616 (2505) 167986 388602 165481

Government Grants (131711) (133027) (1316) (12904) (145931) (14220) Non-Domestic Rates (38802) (38802) 0 0 (38802) 0 Council Tax (52608) (52718) (110) (14784) (67502) (14894) Total Income (223121) (224547) (1426) (27688) (252235) (29114)

Reported (Surplus) Deficit

0 (3931) (3931) 140298 136367 136367

Approved Carried forward underspends and transfers to reserves

0 3911 3911

Increase in school balances

Increase ( Decrease)

0 20 20

General Fund Balance 0 0 (3829)

HRA Balance (1481) (1425) (132538)

3 Financial Position at 31 March 2016

31 The Council has made provision for known liabilities and established reserves where required by statute for future liabilities or earmarked for future service developments

32 Provisions are amounts included in the accounts as liabilities where there has been a past event which is likely to result in a financial liability but where there is uncertainty over timing and precise value of the liability that has been incurred It is therefore the Councilrsquos best estimate of the financial liability as at 31 March 2016 Provisions are disclosed in note 38 Notes to the Accounts

33 Reserves are amounts set aside in the accounts for purposes falling outside the definition of provisions The information regarding reserves is disclosed in the Movement in Reserves Statement on page 8 and in note 5 Notes to the Accounts

34 The Councilrsquos General Fund balance is a measure of the uncommitted reserves which the Council holds to meet cash flow requirements and unforeseen future events The General Fund balance which was pound7018m at the start of the financial year totalled pound7018m at 31 March 2016

-3shy

NARRATIVE REPORT

4 Capital Investment

41 Capital investment (excluding capital accruals) in the year amounted to pound236m The following tables give an analysis of this expenditure and the way it was financed

Where the capital money was spent 201516

poundrsquo000 School adaptations and improvements

Highway improvements Economic Development and Planning Housing Renovation GrantsRenewal

Council House improvements HRA Settlement Payment Other Finance Leases PFI

4608

3976 3258 3361

49656 146289

7719 16898

195

169 138 143

2106 6205

327 717

Total 235765 100

Where the capital money came from 201516 poundrsquo000

Borrowing Capital Receipts Grants and Contributions

Revenue

Finance Leases PFI

174166 4725

21202

18774

16898

7388 200 899

796

717

Total 235765 100

42 School adaptations and improvements includes expenditure of pound802k for Gwenfro school and pound757k for Hafod y Wern school as part of the 21st Century Schools Programme Economic Development amp Planning includes expenditure of pound1925k in respect of Western Gateway Included within Other expenditure is pound3000k for the construction work relating to the Extra Care Scheme at 3-5 and 7-9 Grosvenor Rd Wrexham financed by VVP Grant Funding and pound1053k for the purchase of eight Resource Recovery vehicles partly funded by Welsh Government grant with the aim of improving the Councilrsquos recycling rate

5 Borrowing

51 The Councilrsquos principal loan debt at 31 March 2016 was pound2663m It is the Councilrsquos strategy to maintain the level of external borrowing in line with the Capital Financing Requirement A PWLB loan of pound10m was taken out during the year together with the loan of pound1463m to finance the HRA Subsidy exit agreement (see note 91)

6 Revaluation and Disposals of Non Current Assets

61 The Council has a rolling programme to revalue all assets within five years During 201516 Phase II of the Waste Disposal PFI facility Schools and Youth Clubs were revalued The programme for future years is as follows

201617 - Council Dwellings Commercial Estates and Environment amp Leisure Properties 201718 - Housing amp Public Protection Assets Public Offices and Agricultural Estates 201819 - Markets Shops Social Care properties and Waste Disposal PFI facility

62 In addition to the rolling programme an annual review is undertaken for impairment and significant changes in the use of property

63 During 201516 upward revaluations of pound51202k were made all of which related to the rolling programme of asset revaluations There were also downward revaluations impairments to Council Dwellings of pound2674k Other Land and Buildings of pound29123k (of which pound11253k related to the rolling programme of asset revaluations) Surplus Assets of pound66k and Assets Held for Sale of pound392k Of the downward revaluations impairments pound16733k was recognised in the Surplus or Deficit on Provision of Services and pound15522k in the Revaluation Reserve

-4shy

NARRATIVE REPORT

64 During the year the Council sold Council Dwellings of pound3062k and other assets of pound492k which included 3-5 and 7-9 Grosvenor Road (pound375k) land at Jeffreys Road (pound82k) and land at Llay Industrial Estate (pound35k) The Council made a net gain of pound353k In addition as part of the Councilrsquos affordable housing project the Council released land with a value of pound575k for nil return making an overall loss of pound222k

7 Pension Liability

71 The Statement of Accounts as presented complies with the requirements of International Accounting Standard 19 (IAS 19) in that the Comprehensive Income and Expenditure Account reflects the current year cost of pension provision to employees as advised by the Councilrsquos actuary Mercers In addition the Balance Sheet contains the actuaryrsquos assessment of the Councilrsquos share of the Pension Fund liability (pound257m) as at 31 March 2016 and the reserve needed to fund that liability The disclosed pension fund liability is the total projected deficit that exists over the expected life of the fund This deficit will change on an annual basis dependent on the performance of investments and the actuarial assumptions that are made in terms of current pensioners deferred pensioners and current employees

8 Interest in Companies and Other Entities

81 Wrexham Commercial Services a wholly owned subsidiary of the Council was incorporated on 1 October 2014 and commenced trading on 1 January 2015 The company has been established to trade in specified council services but initially in cleaning services The Council has not prepared Group Accounts on the grounds that there would be no material difference to the Councilrsquos single entity accounts A copy of Wrexham Commercial Servicesrsquo audited financial statements for the twelve months to 31 March 2016 can be obtained from Wrexham Commercial Services Ltd Crown Buildings 31 Chester St Wrexham LL13 8BG

9 Significant Events

HRA Subsidy Exit

91 The Housing Revenue Account Subsidy (HRAS) system was originally established to enable the UK Government to identify the financial support needed by local authorities in England and Wales to manage their council housing On 2 April 2015 the Council together with ten other Welsh local authorities exited the UK Governmentrsquos HRAS system providing the Council with new freedom to improve housing and build new homes In order to exit the HRAS system the Council made a settlement payment to the Government of pound1463m In accordance with Section 134 (5) of the Housing (Wales) Act 2014 the payment has been treated as capital expenditure and funded with a PWLB loan (see note 51) The payment is shown separately as a material item of expenditure on the face of the HRA and the CIampES As the payment is not a charge to tenants and council taxpayers the amount has been reversed out to the Capital Adjustment Account via the Movement in Reserves Statement The net impact on council tenants and taxpayers is therefore nil The effect on the balance sheet is an increase in long term borrowing of pound1463m and an equal but opposite increase in the Capital Adjustment Account

PFI

92 In July 2015 Phase II of the Councilrsquos waste disposal PFI scheme with FCC Environment became operational The scheme is based on a Mechanical Biological Treatment technology solution treating a combination of residual waste Household W aste Recycling Centre arisings bulky and fly tipped waste and street sweepings The construction costs amounted to pound163m and as a consequence Property Plant amp Equipment and Long-term Liabilities increased by this amount

Leisure Trust

93 On 1 March 2016 the management of W aterworld Chirk Leisure and Activity Centre Gwyn Evans Leisure and Activity Centre and Queensway was transferred to Freedom Leisure a not for profit leisure trust

10 Financial Outlook for the Council

101 On 24 February 2016 the Council approved a medium term financial plan which highlighted a potential revenue shortfall of pound27m for the period 201718 to 201920 The financial plan can be accessed by the following link httpwwwwrexhamgovukMinutesDataCouncilReportshf0914pdf

102 It is clear that the financial outlook for the Council in terms of Welsh Government funding and support for both Revenue and Capital expenditure is likely to significantly reduce in the medium term in line with the UK Government austerity measures Whilst precise details of funding available to the Council for 201718 and beyond have not been announced the Council now anticipates a funding shortfall of around pound27m over the next three years

-5shy

NARRATIVE REPORT

11 Further Information

111 Further information about the accounts and budgets of the Council is available from the Head of Finance W rexham County Borough Council Lambpit Street Wrexham This is part of the Councilrsquos policy of providing full information about the Councilrsquos financial affairs In addition members of the public have a statutory right to inspect the accounts before the audit is completed The availability of the accounts for inspection is advertised in the local press

112 The Statement of Accounts will also be available on the Authorityrsquos website (wwwwrexhamgovuk)

M S Owen

Head of Finance

-6shy

MOVEMENT IN RESERVES STATEMENT

This statement shows the movement in the year on the different reserves held by the Council analysed into usable reserves (ie those that can be applied to fund expenditure or reduce local taxation) and other reserves The Surplus or (Deficit) on the Provision of Services line shows the true economic cost of providing the Councils services more details of which are shown in the Comprehensive Income and Expenditure Statement These are different from the statutory amounts required to be charged to the General Fund Balance and the Housing Revenue Account (HRA) for council tax setting and dwellings rent setting purposes The Net Increase (Decrease) before Transfers to Earmarked Reserves line shows the statutory General Fund Balance and HRA Balance before any discretionary transfers to or from earmarked reserves undertaken by the Council

Gen

eral

Fun

dB

alan

ce

Ear

mar

ked

Gen

eral

Fun

dR

eser

ves

Hou

sing

Rev

enue

Acc

ount

Ear

mar

ked

HR

AR

eser

ves

Cap

ital R

ecei

pts

Res

erve

Cap

ital G

rant

sU

napp

lied

Tot

al U

sabl

eR

eser

ves

Unu

sabl

eR

eser

ves

Tot

al C

ounc

ilR

eser

ves

pound000 pound000 pound000 pound000 pound000 pound000 pound000 pound000 pound000

Balance at 1 April 2015 7018 18064 7932 5026 15036 1225 54301 492606 546907

Movement in Reserves during 201415

Surplus (Deficit) on the provision of (6451) 0 8527 0 0 0 2076 0 2076 services

Other Comprehensive Income and 0 0 0 0 0 0 0 (64389) (64389) Expenditure

Total Comprehensive Income and (6451) 0 8527 0 0 0 2076 (64389) (62313) Expenditure

Adjustments between accounting 8933 0 (12204) 0 47 234 (2990) 2990 0 basis amp funding basis under regulations (note 4)

Net Increase (Decrease) before 2482 0 (3677) 0 47 234 (914) (61399) (62313) Transfers to Earmarked Reserves

Transfers (to) from Earmarked (2482) 2482 3605 (3605) 0 0 0 0 0 Reserves (note 5)

Increase (Decrease) in 201415 0 2482 (72) (3605) 47 234 (914) (61399) (62313)

Balance at 31 March 2015 7018 20546 7860 1421 15083 1459 53387 431207 484594


Surplus (Deficit) on the provision of (3829) 0 (132538) 0 0 0 (136367) (136367) services

Other Comprehensive Income and 0 0 0 0 0 0 66759 66759 Expenditure

Total Comprehensive Income and (3829) 0 (132538) 0 0 0 (136367) 66759 (69608) Expenditure

Adjustments between accounting 5084 0 129692 0 (615) (657) 133504 (133504) 0 basis amp funding basis under regulations (note 4)

Net Increase (Decrease) before 1255 0 (2846) 0 (615) (657) (2863) (66745) (69608) Transfers to Earmarked Reserves


Increase (Decrease) in Year 0 1255 (1425) (1421) (615) (657) (2863) (66745) (69608)

Balance at 31 March 2016 7018 21801 6435 0 14468 802 50524 364462 414986

-8shy

COMPREHENSIVE INCOME AND EXPENDITURE ACCOUNT STATEMENT

This statement shows the accounting cost in the year of providing services in accordance with generally accepted accounting practices rather than the amount to be funded from taxation Authorities raise taxation to cover expenditure in accordance with regulations this may be different from the accounting cost The taxation position is shown in the Movement in Reserves Statement

Gross Expenditure

pound000

201415

Income pound000

Net Expenditure

pound000

Notes Gross Expenditure

pound000

201516

Income pound000

Net Expenditure

pound000

12766

14415

(1025)

(4084)

11741

10331

Central Services to the Public

Cultural and Related Services

12827

13391

(1139)

(3973)

11688

9418

24636

11470

(7521)

(7084)

17115

4386

Environmental and Regulatory Services

Planning Services

20833

8948

(7266)

(5930)

13567

3018

137740 (26446) 111294 Childrens and Education Services 139533 (25623) 113910

13498

43188

0

51223

63725

3973

1979

378613

(6031)

(46473)

0

(49363)

(19822)

(56)

(476)

(168381)

7467

(3285)

0

1860

43903

3917

1503

210232

Highways and Transport Services

Local Authority Housing (HRA)

HRA Settlement Payment

Other Housing Services

Adult Social Care

Corporate and Democratic Core

Non Distributed Costs

Cost of Services

18

13349

32123

146289

55440

61977

3855

3699

512264

(5195)

(47629)

0

(52821)

(20025)

0

(1094)

(170695)

8154

(15506)

146289

2619

41952

3855

2605

341569

20907 0 20907 Other Operating Expenditure 6 21737 0 21737

36720 (17560) 19160 Financing and Investment Income and Expenditure

7 40018 (14722) 25296

0 (252375) (252375) Taxation and Non Specific Grant Income 8 0 (252235) (252235)

436240 (438316) (2076) (Surplus) Deficit on Provision of Services 574019 (437652) 136367

(1028) (Surplus) Deficit on revaluation of non-current assets

51 (40847)

3462 Impairment losses on non-current assets charged to the revaluation reserve

51 4269

61955 Remeasurements of the net defined (asset) liability

44 45 amp 54

(30181)

64389 Other Comprehensive Income and Expenditure (66759)

62313 Total Comprehensive Income and Expenditure

69608

-9shy

BALANCE SHEET

The Balance Sheet shows the value as at the Balance Sheet date of the assets and liabilities recognised by the Council The net assets of the Council (assets less liabilities) are matched by the reserves held by the Council Reserves are reported in two categories The first category of reserves are usable reserves ie those reserves that the Council may use to provide services subject to the need to maintain a prudent level of reserves and any statutory limitations on their use (for example the Capital Receipts Reserve that may only be used to fund capital expenditure or repay debt) The second category of reserves is those that the Council is not able to use to provide services This category of reserves includes reserves that hold unrealised gains and losses (for example the Revaluation Reserve) where amounts would only become available to fund services if the assets are sold and reserves that hold timing differences shown in the Movement in Reserves Statement line Adjustments between accounting basis and funding basis under regulations

31 March 2015 Notes 31 March 2016 pound000 pound000

900370 Property Plant amp Equipment 20 986205

503 Heritage Assets 25 503 39 Intangible Assets 28 44

145 Long-term Debtors 30 118

901057 Long Term Assets 986870

14068 Short-term Investments 33 3309 1057 Assets Held For Sale 31 1869

488 Inventories 512 34474 Short-term Debtors 34 27825

250 Intangible Assets 29 280 (1749) Cash and Cash Equivalents 35 4847

48588 Current Assets 38642

(23403) Short-term Creditors 37 (23677) (3262) Short-term Borrowing 39 (4052)

(348) Grants Receipts in Advance - Capital 61 (400) (899) Grants Receipts in Advance - Revenue 61 (145)

(1285) Provisions 38 (1506)

(29197) Current Liabilities (29780)

(2452) Provisions 38 (2439) (2601) Long-term Creditors 37 (4326)

(133359) Long-term Borrowing 39 (289112) (16572) Other Long-term Liabilities 40 amp 41 (28151)

(280870) Net Pension Liability 45 (256718)

(435854) Long Term Liabilities (580746)

484594 Net Assets 414986

53387 Usable Reserves 48 50524 431207 Unusable Reserves 49 364462

484594 Total Reserves 414986

-10shy

CASH FLOW STATEMENT

The Cash Flow Statement shows the changes in cash and cash equivalents of the Council during the reporting period The statement shows how the Council generates and uses cash and cash equivalents by classifying cash flows as operating investing and financing activities The amount of net cash flows arising from operating activities is a key indicator of the extent to which the operations of the Council are funded by way of taxation and grant income or from the recipients of services provided by the Council Investing activities represent the extent to which cash outflows have been made for resources which are intended to contribute to the Councils future service delivery Cash flows arising from financing activities are useful in predicting claims on future cash flows by providers of capital (ie borrowing) to the Council

201415 pound000

(2076) Net (surplus) deficit on the provision of services

Notes 201516 pound000

136367

(30063) Adjustment to net surplus deficit on the provision of services for non cash movements

56 (43716)

12168 Adjustments for items included in the net surplus or deficit on the provision of services that are investing and financing activities

57 (131411)

(19971) Net cash flows from Operating Activities (38760)

20377 Investing Activities 59 183898

(3482) Financing Activities 60 (151734)

(3076) Net increase or decrease in cash and cash equivalents (6596)

4825 Cash and cash equivalents at the beginning of the reporting period

1749

1749 Cash and cash equivalents at the end of the reporting period 35 (4847)

-11shy

NOTES TO THE ACCOUNTS

1 Accounting Standards that have been issued but have not yet been adopted

The Code requires the disclosure of information relating to the expected impact of an accounting change that will be required by a new standard that has been issued but not yet adopted This applies to the adoption of the following new or amended standards within the 201617 Code and require implementation from 1 April 2016

The CIPFA Code of Practice on Transport Infrastructure Assets (the Infrastructure Code) takes effect from 1 April 2016 The Code confirms that the changes arising from the Infrastructure Code do not require retrospective adjustment to the accounts Under the Infrastructure Code transport infrastructure assets will be recognised as a separate class of Property Plant and Equipment measured at depreciated replacement cost This will consist of seven components carriageways footways and cycle tracks structures street lighting street furniture traffic management systems and land The disclosure will require a transfer of assets between infrastructure and the new highways network asset categories This is likely to result in a revaluation gain due to the change from depreciated historic cost to depreciated replacement cost basis Thus the new valuation will reflect the current cost of replacement rather than the original cost of works which would have been built up over a significant time period Based on current estimates the value of infrastructure assets is likely to increase from pound98m to circa pound11bn with an equivalent ten-fold increase in depreciation

IAS 1 Presentation of Financial Statements - This standard provides guidance on the form of the financial statements and will result in changes to the format of the Comprehensive Income and Expenditure Statement the Movement in Reserves Statement and will introduce a new Expenditure and Funding Analysis These changes are as a result of the Telling the Story review of the presentation of the local authority financial statements as well as the changes to IAS 1 under the International Accounting Standards Board (IASB) Disclosure Initiative

Other minor changes due to Annual Improvement to IFRSs cycles IFRS11 Joint Arrangements IAS 16 Property Plant amp Equipment and IAS 38 Intangible Assets and IAS 19 Employee Benefits are not expected to have a material effect on the Councils Statement of Accounts

2 Critical Judgements in Applying Accounting Policies

In applying the accounting policies set out in note 63 Notes to the Accounts the Council has had to make certain judgements about complex transactions or those involving uncertainty about future events The critical judgements made in the Statement of Accounts are

a) There is some uncertainty about future levels of funding from the Welsh Government and in particular the receipt of specific revenue and capital grants The Council has determined that this uncertainty is not yet sufficient to provide an indication that the assets of the Council might be impaired as a result of a need to close facilities and significantly reduce levels of service provision The Council has a Medium Term Financial Strategy which is reviewed on a periodic basis and is available on the Councils website

b) An unexpectedly large claim for compensation has been received from a landowner affected by a Welsh Government grant funded road scheme No provision has been made for such payments as they would ordinarily be met by the Welsh Government as part of the scheme

c) A review of assets in particular those held for economic development purposes concluded that the Council has no assets which are held solely for the purpose of income generation or capital appreciation and therefore the Council has no investment properties

3 Assumptions made about the future and other sources of estimation uncertainty

The Statement of Accounts contains estimated figures that are based on assumptions made by the Council about the future or that are otherwise uncertain Estimates are made taking into account historical experience current trends and other relevant factors However because balances cannot be determined with certainty actual results could be materially different from the assumptions and estimates The items in the Councils Balance Sheet at 31 March 2016 for which there is a significant risk of material adjustment in the forthcoming financial year are as follows

Item Uncertainties Effect if Actual Results Differ from Assumptions

Property Plant amp Assets are depreciated over useful lives that are dependant on If the useful life of assets is reduced depreciation increases Equipment assumptions about the level of repairs and maintenance that will

be incurred in relation to individual assets The current economic climate makes it uncertain that the Council will be able to sustain its current spending on repairs and maintenance bringing into doubt the useful lives assigned to assets

and the carrying amount of the assets falls It is estimated that the annual depreciation charge for buildings would increase by pound2m if the useful lives were reduced by one year and pound38m if reduced by two years

PFI and Similar PFI and similar arrangements have been considered to have an A 1 increase in the RPI will increase the unitary payments Arrangements implied finance lease within the leases to calculate interest and

principal payments In addition the future RPI increase within the contracts has been estimated as remaining constant throughout the remaining period of the contract

over the next twenty two years by pound337m

Pensions Liability Estimation of the net liability to pay pensions depends on a number of complex judgements relating to the discount rate used the rate at which salaries are projected to increase changes in retirement ages mortality rates and expected returns on pension fund assets A firm of consulting actuaries is engaged to provide the Council with expert advice about the assumptions to be applied

The effects on the net pension liability of changes in individual assumptions can be measured For instance a 01 increase in the discount rate assumption would result in a decrease in the pension liability of pound12895k However the assumptions interact in complex ways During 201516 the Councils actuaries advised that the net pensions liability had increased by pound30181k attributable to updating of the assumptions

Arrears At 31 March 2016 the Council had a balance of sundry debtors of pound49m A review of significant balances suggested that an impairment of doubtful debts of 62 (pound303k) was appropriate However in the current economic climate it is not certain that such an allowance would be sufficient

If collection rates were to deteriorate a doubling of the amount of the impairment of doubtful debts would require an additional pound303k to be set aside as an allowance

-12shy


4 Adjustments between Accounting Basis and Funding Basis Under Regulations

This note details the adjustments that are made to the total comprehensive income and expenditure recognised by the Council in the year in accordance with proper accounting practice to the resources that are specified by statutory provisions as being available to the Council to meet future capital and revenue expenditure

Usable Reserves

201516

Gen

eral

Fu

nd

Bal

ance

Ho

usi

ng

Rev

enu

eA

cco

un

t

Cap

ital

Rec

eip

tsR

eser

ve

Cap

ital

Gra

nts

Un

app

lied

Mo

vem

ent

in U

nu

sab

leR

eser

ves

pound000 pound000 pound000 pound000 pound000

Adjustments primarily involving the Capital Adjustment Account

Reversal of items debited or credited to the CIampES

Charges for depreciation impairment and revaluation losses of 17830 10431 0 0 (28261) non current assets

Amortisation of intangible assets 34 0 0 0 (34)

Capital grants and contributions applied (5069) (7835) 0 0 12904

Revenue expenditure funded from capital under statute 2071 146294 0 0 (148365)

Amounts of non current assets written off on disposal or sale as 997 3132 0 0 (4129) part of the gain loss on disposal to the CIampES

Insertion of items not debited or credited to the CIampES

Statutory provision for the financing of capital investment (note 11) (10775) (4470) 0 0 15245

Capital Expenditure charged against the General Fund and HRA balances (2974) (15800) 0 0 18774

Adjustments primarily involving the Capital Grants Unapplied Account

Capital grants and contributions unapplied credited to the CIampES (142) 0 0 142 0

Application of grants to capital financing transferred to the Capital 0 0 0 (799) 799 Adjustment Account

Adjustments primarily involving the Capital Receipts Reserve

Transfer of cash sale proceeds credited as part of the gain loss on (846) (3062) 3908 0 0 disposal to the CIampES

Revenue Income defined as capital under statute (175) 0 175 0 0

Use of the Capital Receipts Reserve to finance new capital expenditure 0 0 (4725) 4725

Transfer (to) from Capital Adjustment account - set aside 0 0 0 0 0

- Repayments of loans to voluntary bodies 0 0 24 0 (24)

Transfer from Deferred Capital Receipts upon receipt of cash 0 0 3 0 (3)

Adjustments involving the Financial Instruments Adjustment Account

Amount by which finance costs charged to the CIampES are different from (214) 6 0 0 208 finance costs chargeable in the year in accordance with statutory requirements

Adjustments involving the Pensions Reserve

Reversal of items relating to retirement benefits debited or credited to the 25053 2925 0 0 (27978) CIampES - see note 44 amp 54

Employers pension contributions payable in the year (20015) (1934) 0 0 21949

Adjustments involving the Accumulated Absences Account

Amount by which officer remuneration charged to the CIampES on an (691) 5 0 0 686 accruals basis is different from remuneration chargeable in the year in accordance with statutory requirements

5084 129692 (615) (657) (133504)

-13shy


4 Adjustments between Accounting Basis and Funding Basis Under Regulations contd

Usable Reserves

201415 Comparative figures

Gen

eral

Fu

nd

Bal

ance

Ho

usi

ng

Rev

enu

eA

cco

un

t

Cap

ital

Rec

eip

tsR

eser

ve

Cap

ital

Gra

nts

Un

app

lied

Mo

vem

ent

in U

nu

sab

leR

eser

ves



Reversal of items debited or credited to the CIampES Statement

Charges for depreciation impairment and revaluation losses of non current assets

17630 0

9559 0

0 0

0 0

(27189) 0




Amounts of non current assets written off on disposal or sale as part of the gainloss on disposal to the CIampES

884 1417 0 0 (2301)





Capital grants and contributions unapplied credited to the CIampES

(251) 0 0 251 0

Application of grants to capital financing transferred to the Capital Adjustment Account

0 0 0 (17) 17


Transfer of cash sale proceeds credited as part of the gainloss on disposal to the CIampES

(870) (1417) 2287 0 0

Revenue Income defined as capital under statute (345) (48) 393 0 0

Use of the Capital Receipts Reserve to finance new capital expenditure 0 0 (1776) 0 1776

Transfer (to) from Capital Adjustment account - set aside (903) 0 903




Amount by which finance costs charged to the CIampES are different from finance costs chargeable in the year in accordance with statutory requirements

(185) (41) 0 0 226


Reversal of items relating to retirement benefits debited or credited to the CIampES - see note 44 amp 54

21505 2412 0 0 (23917)


Adjustments involving the Unequal Pay Back Pay Adjustment Account

Amount by which amounts charged for Equal Pay claims to the CIampES are different from the cost of settlements chargeable in the year in accordance with statutory requirements

(921) 0 0 0 921


Amount by which officer remuneration charged to the CIampES accruals basis is different from remuneration chargeable in the year in accordance with statutory requirements

739 1 0 0 (740)

-14shy8933 (12204) 47 234 2990


5 Transfers to (from) Earmarked Reserves

This note sets out the amounts set aside from the General Fund and HRA balances in earmarked reserves to provide financing for future expenditure plans and also the amounts posted back from earmarked reserves to meet General Fund and HRA expenditure in 201516

201415 201516 Balance at Transfers Transfers Balance at Transfers Transfers Balance at

142014 Out In 3132015 Out In 3132016 pound000 pound000 pound000 pound000 pound000 pound000 pound000

General Fund Balances held by schools 1841 (345) 1064 2560 (687) 707 2580 Service Reserves 2076 (805) 56 1327 (819) 202 710 Insurance Reserve 1529 0 0 1529 0 873 2402 Legal Liabilities Reserve 437 0 74 511 (26) 0 485 Winter Maintenance Reserve 300 0 0 300 0 0 300 Early Voluntary Retirement Reserve (EVR) 94 0 0 94 0 0 94 Transitional EVR Reserve 1000 0 500 1500 (505) 500 1495 Reshaping Services Reserve 1913 (100) 720 2533 (721) 250 2062 Invest To Save Reserve 361 0 0 361 (300) 0 61 Capital Reserve 1618 0 700 2318 (1200) 2885 4003 Repairs and Maintenance Reserve 150 0 0 150 0 100 250 Pay Review 921 (921) 0 0 0 0 0 ITEC Reserve 581 0 0 581 (71) 0 510 IT Development 42 0 0 42 0 0 42 Customer Access 78 (46) 0 32 (17) 0 15 Local Development Plan Reserve 293 (21) 0 272 (69) 0 203 Waste Strategy Reserve 95 0 0 95 0 0 95 Carbon Emission Reserve 44 0 33 77 0 468 545 Pontcysyllte Aqueduct 8 0 0 8 (8) 0 0 Cremation Plant Replacement Reserve 23 0 0 23 0 0 23 Section 106278 Reserve 514 0 0 514 0 0 514 North Wales Regional Transformation 22 (13) 0 9 (9) 0 0 Miscellaneous 31 (3) 17 45 (8) 16 53 Grant Reserves 4093 (204) 1776 5665 (1145) 839 5359

Total 18064 (2458) 4940 20546 (5585) 6840 21801

HRA Housing Repairs 1421 0 0 1421 (1421) 0 0 Housing Capital Reserve 3605 (3605) 0 0 0 0 0

Total 5026 (3605) 0 1421 (1421) 0 0

Service Reserves - represents service underspends as part of the Councils carry forward arrangements for use in subsequent years

Insurance Reserve - the reserve is held to fund any future liabilities such as MMI ( note 42 ) and claims that exceed budget

Legal Liabilities Reserve - amount set aside to provide for any future legal liabilities

Winter Maintenance Reserve - amount set aside to cover costs due to unforeseen adverse weather conditions

Early Voluntary Retirement amp Transitional EVR Reserve - to fund early retirements and redundancy costs following reshaping services

Reshaping Services Reserve - an amount set aside to aid the transformation process to realise future savings for the Council

Invest To Save Reserve - provision for the investment in various plans to realise permanent financial savings

Capital Reserve - represents resources already committed to finance part of the Councils five year Non-HRA Capital Programme

Repairs and Maintenance Reserve - to respond to future uneven expenditure patterns

ITeC Reserve - ITeC provides information technology training for the benefit of the local economy and the reserve has been established to respond to future uneven expenditure patterns

IT Development amp Customer Access - to fund various IT enhancements and Self Service ICT development

Local Development Plan (LDP) Reserve - to fund costs associated with the adoption of the LDP by 201617

Waste Strategy Reserve - amount set aside to mitigate the impact of proposed reduction in the Waste Management grant

Carbon Emission Reserve - to partly fund the carbon reduction plan programme of works to reduce carbon emissions

Pontcysyllte Aqueduct - to support essential work along the World Heritage site such as repairs and any remedial works raised by UNESCO

Cremation Plant Replacement Reserve - to partly fund the cost of mercury abatement

Section 106278 Reserve - represents income from contractors which have no conditions attached but which have been set aside to fund various infrastructure projects

North Wales Regional Transformation - represents underspend on contribution made to fund North Wales Regional projects carried forward for use in subsequent years

Miscellaneous - to meet a variety of other commitments including crematorium donations and school brass band

Grant Reserves - represent income from Government grants received which have no conditions attached but which have been set aside for use in the provision of specific services

Housing Repairs - is a separate record of income and expenditure relating to the repairs and maintenance of the Councils own housing stock

Housing Capital Reserve - represents resources already committed to finance part of the HRA Business plan

- 15 shy


6 Other Operating Expenditure

201415 201516 pound000 pound000

2261 Community Council Precepts 2354 11955 Police and Crime Commissioner for North Wales Precept 12431 6340 North Wales Fire Authority levy 6398

336 Pensions Administration Costs 332 15 Losses on the disposal of non current assets 222

20907 Total 21737

7 Financing and Investment Income and Expenditure

201415 201516 pound000 pound000

10394 Interest payable and similar charges 16682 9014 Pensions Net Interest 8729 (248) Interest receivable and similar income (115)

19160 Total 25296

8 Taxation and Non Specific Grant Income

201415 201516 pound000 pound000

(65105) Council tax income (67503) (42247) Non domestic rates (38801)

(134274) Non-ringfenced government grants (133027) (10749) Capital grants and contributions (12904)

(252375) Total (252235)

9 Audit Costs

In 201516 the Council incurred the following fees relating to external audit and inspection

201415 201516 pound000 pound000

176 Fees payable to the Wales Audit Office with regard to external audit services 176 94 Fees payable to the Wales Audit Office for the Local Government measure 95 95 Fees payable to the Wales Audit Office for the certification of grant claims and returns 75 4 Fees payable for other services 0

369 346

10 Members Allowances

In 201516 allowances totalling pound957k (pound916k 201415) were paid directly to members inclusive of an element of expenses Further information is available on the Councils website

httpwwwwrexhamgovukenglishcouncilfinancialmembers_remunerationhtm

11 Minimum Revenue Provision

This is a statutory provision for the repayment of debt as required by the Local Authority (Capital Finance and Accounting) (Wales) (Amendment) Regulations 2010 The minimum revenue provision is calculated by reference to the overall indebtedness of the Council

201415 201516 pound000 pound000

844 Housing amount 4388 5538 Non-housing amount 5469

773 Charge for the principal part of the finance lease rentals payable 707 365 PFI - repayment of liability 1631

0 PFI - adjustment for the introduction of Phase II 3050

7520 Minimum Revenue Provision 15245

Phase II of the Councils waste disposal PFI scheme became operational in July 2015 Combining the operators financial model for Phase I and II has resulted in a reduction to the finance cost of the overall scheme from 153 (Phase I only) to 126 and consequently the outstanding liability brought forward at 1 April 2015 An adjustment of pound3050k has been made to the in year minimum revenue provision to reflect this change See note 40 Notes to the Accounts

-16shy


12 Agency Income and Expenditure

a)The Council has an agreement with Gwynedd County Council lead authority for the North amp Mid Wales Trunk Road Agency whereby the Council is responsible for maintaining highways in the County Borough Gwynedd County Council reimburses the Council for this work including a contribution towards administration costs A summary of expenditure incurred in respect of the activity but not included in the CIampES is as follows

201415 201516 pound000 pound000

505 Specific Schemes 644 391 Routine Maintenance 527

0 Street Lighting 24 38 Winter Maintenance 7 74 Administration Costs 71

1008 1273

In respect of Specific Schemes the major schemes which took place during 201516 were resurfacing and wall repairs on the A5 safety fencing work soft estate works and filter drain remediation on the A483

b) The Welsh Government provides funding to issue interest free recyclable loans for the repair of properties which have been long term vacant with the aim of bringing them back in to use The Council received no funding from Flintshire County Council (the North Wales regional lead authority) during 201516 (pound0k in 201415) The Council issued no loans during the year (pound74k in 201415) and had repayments of pound25k (pound25k in 201415)

c) During 201415 the Welsh Government (WG) introduced new loan schemes for regeneration Unlike the scheme in (b) above the funding is repayable to WG in 14 years

Ho

me

Imp

rove

men

tL

oan

s

Ho

use

s in

toH

om

es

VV

P -

Em

pty

Pro

per

ties

VV

P -

Pri

vate

Sec

tor

Imp

rove

men

t

VV

P shy

Co

mm

erci

alP

rop

erty

Imp

rove

men

ts

Total pound000 pound000 pound000 pound000 pound000 pound000

Balance at 1 April 139 139 382 190 0 850

Received in year from WG 283 258 765 200 100 1606

Loans Issued (34) (183) (227) (86) 0 (530)

Loans Repaid 27 101 4 1 0 133

Balance at 31 March 415 315 924 305 100 2059

13 Health Act pooled funds and similar arrangements

On 8 July 2009 the Council entered into an agreement with Flintshire County Council and Betsi Cadwaladr University Health Board pursuant to Section 33 of the National Health Service (Wales) Act 2006 for the provision of an integrated community equipment service under a pooled fund arrangement Flintshire County Council has been nominated as the host partner and has responsibility for the administration of the pool The service is operated from a building in Hawarden Business Park which was funded by a grant from the Welsh Government The Councils share of the cost of the building (50) is included in Property Plant amp Equipment The gross income and expenditure of the partnership for the period to 31 March 2016 is as follows

201415 201516 pound000 pound000

Expenditure 528 Operating costs 504 371 Standard Equipment 417 136 Specialist Equipment 161 16 Additional Equipment 48

1051 1130 Income

(235) Continuing Health Care funding (204) (882) Contributions from partners (981)

(66) Net Surplus (55)

The Councils contribution to the budget for 201516 is pound269k (201415 pound269k) and its share of the surplus is pound15k (201415 pound20k)

-17shy


14 Officers Remuneration

(a) Under Section 9 (2) of the Accounts and Audit (Wales) Regulations 2014 the Council is required to disclose the Councils remuneration ratio The ratio of the remuneration of the Councils Chief Executive to the median remuneration of all the Councils employees is 635 1

(b) Under Section 9 (3) of the Accounts and Audit (Wales) Regulations 2014 the Council is required to disclose the number of employees (excluding Senior Officers as identified in disclosure note c below) whose remuneration excluding pension contributions was pound60k or more in bands of pound5k

201415 201516 Schools Non-schools Total Salary Banding Schools Non-schools Total

15 0 15 pound60000 - pound64999 8 7 15 8 4 12 pound65000 - pound69999 6 3 9 4 0 4 pound70000 - pound74999 2 1 3 1 1 2 pound75000 - pound79999 4 0 4 1 0 1 pound80000 - pound84999 0 0 0 0 0 0 pound85000 - pound89999 1 0 1 0 1 1 pound90000 - pound94999 0 2 2 1 0 1 pound95000 - pound99999 0 1 1 0 0 0 pound100000 - pound104999 1 1 2

For this purpose remuneration relates to all amounts paid to or receivable by an employee including payments on termination of employment and includes expense allowances and the value of other benefits which are chargeable to tax

(c) Under Section 9 (4) of the Accounts and Audit (Wales) Regulations 2014 the following information regarding employees identified as Senior Officers and whose salary is between pound60000 and pound150000 is providedshy

201415 201516 Other Pension Other Pension

Salary Payments contributions Total Postholder Information Salary Payments contributions Total pound pound pound pound (Post Title) pound pound pound pound

117000 0 30479 147479 Chief Executive 121000 0 33263 154263 96480 0 25133 121613 Strategic amp Performance Director - Corporate amp Economy 97920 0 26918 124838 96480 0 25133 121613 Strategic amp Performance Director - Environment Housing amp Adult Social Care 97920 80501 127835 306256 96480 0 25133 121613 Strategic amp Performance Director - Childrens Services 97920 0 26918 124838 83415 0 21730 105145 Head of Housing Public Protection amp Environment 84660 44772 194190 323622 83415 0 21730 105145 Head of Corporate amp Customer Services 84660 0 23273 107933 83415 0 21730 105145 Head of Finance 84660 0 23273 107933 83415 0 21730 105145 Head of Adult Social Care 84660 0 23273 107933 83415 0 21730 105145 Head of Lifelong Learning 84660 0 23273 107933 79395 0 20682 100077 Head of Asset amp Economic Development 82620 0 22712 105332 81405 0 21206 102611 Head of Prevention amp Social Care 84660 0 23273 107933 79395 0 20682 100077 Head of Community Well-being amp Development 82620 0 22712 105332

Salary includes all pensionable pay with the exception of honoraria payments and amounts paid in respect of election duties Other payments include honoraria payments and other taxable benefits Other Payments in 201516 includes amounts of pound80501 paid to the Strategic amp Performance Director - Place and pound44772 paid to the Head of Housing Public Protection amp Environment on early retirement from the Council on 31 March 2016 Pension contribution includes the pension strain amounts of pound100917 and pound170917 paid to the pension fund in relation to the early retirement on 31 March 2016 of the Strategic amp Performance Director - Place and the Head of Housing Public Protection amp Environment

d) In accordance with Section 9 (5) of the Accounts and Audit (Wales) Regulations 2014 the Council is required to disclose by name a Senior Officer whose salary is pound150k or more The Council did not employ a Senior Officer with a salary of pound150k or more during the financial year

-18shy


14 Officers Remuneration contd

The numbers of exit packages with total cost per band and total cost of the compulsory and other redundancies are set out in the table below

A B C D E Exit Package Number of Number of other Total number of Total cost of

cost band compulsory departures exit packages by exit packages (including redundancies agreed cost band in each band

special payments) (B+C) 201415 201516 201415 201516 201415 201516 201415 201516

pound000 pound000

pound0 - pound20000 32 54 47 40 79 94 514 540 pound20001 - pound40000 4 5 12 23 16 28 462 761 pound40001 - pound60000 0 0 5 6 5 6 244 311 pound60001 - pound80000 0 0 4 4 4 4 289 272 pound80001 - pound100000 0 0 1 6 1 6 83 507 pound100001 - pound150000 1 0 1 3 2 3 274 389 pound150001 - pound200000 0 0 0 1 0 1 0 181 pound200001 - pound250000 0 1 0 0 0 1 0 216

Total 37 60 70 83 107 143 1866 3177

The above table outlines the number of exit packages and the total cost per band it also distinguishes between those redundancies that were as a result of the Councils decision to terminate an employees employment and those where an employee has made a decision to accept voluntary redundancy In regards to the above exit packages 3 officers have had the terms under which they will be leaving the Council agreed in 201516 but their physical leaving will not occur until the 201617 financial year the total provision for these committed liabilities being pound119k

15 Council Tax

Council Tax income derives from charges raised according to the value of residential properties which have been classified into nine valuation bands using estimated 1 April 2003 values for this purpose Charges are calculated by taking the amount of income required for the year by W rexham County Borough Council and the Police and Crime Commissioner for North W ales and dividing this amount by the council tax base The council tax base is the total number of properties in each band adjusted by a proportion to convert the number to a band D equivalent adjusted for discounts and exemptions - 52797 for 201516 The basic amount for a band D property (pound127644 in 201516) is multiplied by the proportion specified for the particular band to give the individual amount due

Band Multiplier No of properties at 310316

A 69

4291

B 79

12540

C 89

16762

D 99

9983

E 119 7899

F 139 4923

G 159 2460

H 189 716

I 219 291

Analysis of the net proceeds from council tax shy

201415 pound000

65105 0

65105

Council Tax raised Less provision for bad debts

Net proceeds from Council Tax

201516 pound000

67503 0

67503

16 National Non-Domestic Rates (NNDR)

NNDR is organised on a national basis The W elsh Government specifies an amount for the rate multiplier (482p in 201516) and subject to the effects of transitional arrangements local businesses and other non-domestic ratepayers pay rates calculated by multiplying the rateable value by that amount The Council is responsible for collecting rates due from ratepayers in its area but pays the proceeds into the NNDR pool administered by the W elsh Government which redistributes the sums payable back to local authorities on the basis of a fixed amount per head of population The NNDR income after relief and provisions was pound39121k for 201516 The total rateable value at 31 March 2016 was pound102360k The analysis of the net proceeds from non-domestic rates are as followsshy

201415 201516 pound000 pound000

37530 Non-domestic rates raised 39121 Less

(37275) amount paid into NNDR Pool (38866) 0 provision for bad debts 0

(255) cost of collection (255) 0 0

42247 Receipts from the pool 38802

42247 Net proceeds from NNDR 38802

-19shy


17 Related Parties

The Council is required to disclose material transactions with related parties - bodies or individuals that have the potential to control or influence the Council or to be controlled or influenced by the Council Disclosure of these transactions allows readers to assess the extent to which the Council might have been constrained in its ability to operate independently or might have secured the ability to limit another partys ability to bargain freely with the Authority

Central Government

The W elsh Government has effective control over the general operations of the Council - it is responsible for providing the statutory framework within which the Council operates provides the majority of its funding in the form of grants and prescribes the terms of many of the transactions that the Council has with other parties (eg Council tax bills housing benefits) Grants received from government departments are set out in the subjective analysis in note 62 Notes to the Accounts on reporting for resource allocation decisions Grant receipts outstanding at 31 March 2016 are shown in note 61 Notes to the Accounts

Other Public Bodies

The Authority has a pooled budget arrangement with Flintshire County Council and Betsi Cadwaladr University Health Board for the provision of an integrated community equipment service Further details of the income and expenditure of the partnership in 201516 can be found in note 13 Notes to the Accounts

Members and Officers

The Council has arrangements in place requesting Members and Officers to identify and disclose related party transactions Members of the Council have direct control over the Councils financial and operating policies The total of Members allowances paid in 201516 is shown in note 10 Notes to the Accounts

During 201516 works and services to the value of pound965k (pound980k 201415) were commissioned from companies whom had Local Authority Members as appointed representatives on the Committee or Board the Council also awarded grants to the value of pound1647k (pound1298k 201415) to organisations on which they had an appointed representative on the management structure W orks and services to the value of pound27k (pound14k 201415) were commissioned from companies where a Member had declared an interest the Council also awarded grants to organisations where Members declared an interest to the value of pound17k (pound14k 201415)

The Council paid grants to the value of pound403k (pound328k 201415) to organisations where Members of the Council were employed In all instances the grants were made with proper consideration of declarations of interest W orks and services to the value of pound406k were commissioned from organisations where Members of the Council were employed

The Council paid precepts or levies to organisations to the value of pound20569k (pound20078k 201415) where Members had declared an interest

There were no material disclosures made by Officers

Controlled Companies

Wrexham Commercial Services Limited

W rexham Commercial Services Limited a Local Authority Trading Company is set up as a company limited by share with W rexham County Borough Council as the sole shareholder The company was incorporated on 1st October 2014 as a general trading company and currently provides building cleaning and caretaking services to the Council and external customers The Board of Directors as at 31st March 2016 consists of three members in total two senior council officers and one elected member Payments and balances as at 31st March 2016 to W rexham Commercial Services Limited during 201516 for building cleaning and caretaking services are as follows

201415 201516 pound pound

Payments made 372973 1835837 Amounts owed by the authority 23515 26492 Amounts owed to the authority 335733 42287

The audited financial statements for the financial year 201516 are available and can be obtained from W rexham Commercial Services Limited Crown Buildings 31 Chester Street W rexham LL13 8BG

18 Material Items of Income and Expense

On 2 April 2015 the Council made a payment of pound146289k to the Government to buy itself out of the Housing Subsidy system In exchange for the one-off payment the Council along with ten other local authorities in W ales will no longer need to make an annual subsidy payment to the Government The Council funded the payment from a long-term PW LB loan

19 Events after the Reporting Period

The Statement of Accounts was authorised for issue by the Head of Finance on 27 May 2016 Events taking place after this date are not reflected in the financial statements or notes W here events taking place before this date provided information about conditions existing at 31 March 2016 the figures in the financial statements and notes have been adjusted in all material respects to reflect the impact of this information

-20shy


20 Property Plant amp Equipment

Movements in 201516 Assets Included Vehicles Assets Total in Property Plant

Council Other Land Plant Infrastructure Community Surplus Under Property Plant amp Equipment Dwellings amp Buildings amp Equipment Assets Assets Assets Construction amp Equipment PFI Leases

pound000 pound000 pound000 pound000 pound000 pound000 pound000 pound000 pound000 pound000

Cost or Valuation 526116 333035 44608 108114 17079 8851 83 1037886 16140 10515 At 1042015

Additions 48645 12281 13415 6208 (147) 66 1991 82459 16313 585

Revaluation increases (decreases) recognised in the 0 25394 0 0 0 691 0 26085 922 0 Revaluation reserve

Revaluation increases (decreases) recognised in the 0 (14631) (110) 0 0 (10) 0 (14751) (110) 0 Surplus Deficit on the Provision of Services

Derecognition - Disposals (3062) 0 0 0 0 0 0 (3062) 0 0

Derecognition - Other 0 0 0 0 0 0 0 0 0 0

Assets reclassified to (from) Held for Sale 0 (732) 0 0 0 (1815) 0 (2547) 0 0

Other Movements 0 397 0 0 0 231 (83) 545 0 0

At 31032016 571699 355744 57913 114322 16932 8014 1991 1126615 33265 11100

Accumulated Depreciation amp Impairment (31141) (63051) (24040) (14028) (1119) (4137) 0 (137516) (3269) (8101) At 1042015

Depreciation Charge (9083) (8243) (3140) (2452) (10) (61) (22989) (772) (765)

Depreciation written out to the Revaluation Reserve 221 5350 0 0 0 60 5631 0

Depreciation written out to the Surplus Deficit on the 0 11570 0 0 0 23 11593 0 0 Provision of Services

Impairment losses reversals recognised in the (2641) 7032 0 0 0 99 4490 0 0 Revaluation Reserve

Impairment losses reversals recognised in the (33) (1525) 0 0 0 (164) (1722) 0 0 Surplus Deficit on the Provision of Services

Derecognition - Disposals 0 0 0 0 0 0 0 0 0

Derecognition - Other 0 0 0 0 0 0 0 0 0

Other Movements 0 (223) 0 0 0 326 103 0 0

At 31032016 (42677) (49090) (27180) (16480) (1129) (3854) 0 (140410) (4041) (8866)

Net Book Value

At 31032016 529022 306654 30733 97842 15803 4160 1991 986205 29224 2234

At 31032015 494975 269984 20568 94086 15960 4714 83 900370 12871 2414

-21shy


20 Property Plant amp Equipment contd

Comparative Movements in 201415 Assets Included Vehicles Assets Total in Property Plant




Additions 37995 4808 2703 4336 226 380 6 50454 74 2

Revaluation increases (decreases) recognised in the 0 (4198) 0 0 0 (30) 0 (4228) (883) 0 Revaluation reserve

Revaluation increases (decreases) recognised in the 0 (4958) 0 0 0 0 0 (4958) 0 0 Surplus Deficit on the Provision of Services



Assets reclassified to (from) Held for Sale 0 (304) 0 0 0 0 0 (304) 0 0

Other Movements 0 (704) 0 0 2 702 0 0 0 0

At 31032015 526116 333035 44608 108114 17079 8851 83 1037886 16140 10515

Accumulated Depreciation and Impairment (21233) (58987) (20385) (11683) (1107) (3841) 0 (117236) (4348) (7232) At 1042014

Depreciation Charge (8323) (8717) (3655) (2345) (10) (8) 0 (23058) (1047) (869)

Depreciation written out to the Revaluation Reserve 0 2599 0 0 0 28 0 2627 2126 0

Depreciation written out to the Surplus Deficit on the 0 2568 0 0 0 0 0 2568 0 0 Provision of Services

Impairment losses reversals recognised in the (1559) 873 0 0 0 (147) 0 (833) 0 0 Revaluation Reserve

Impairment losses reversals recognised in the (26) (1597) 0 0 0 (81) 0 (1704) 0 0 Surplus Deficit on the Provision of Services

Derecognition - Disposals 0 0 0 0 0 0 0 0 0 0


Other Movements 0 210 0 0 (2) (88) 0 120 0 0

At 31032015 (31141) (63051) (24040) (14028) (1119) (4137) 0 (137516) (3269) (8101)

Net Book Value

At 3132015 494975 269984 20568 94086 15960 4714 83 900370 12871 2414

At 1042014 468090 279404 21520 92095 15744 3958 77 880888 12601 3281

-22shy



Buildings used by Voluntary Aided and Voluntary Controlled Schools are excluded from Property Plant amp Equipment as they are not owned by the Council However land owned by the Council and used by these schools is recognised in Property Plant amp Equipment

21 Depreciation

All Property Plant amp Equipment has been depreciated using the straight line method over the following periods

Buildings 12 - 120 years Council Dwellings 15 - 50 years Vehicles Plant Furniture amp Equipment 5 - 25 years Infrastructure 50 years

The Councils accounting policy is to depreciate significant components of material assets separately Where components of an asset have been recognised according to the accounting policy these are depreciated over the estimated life of the individual component

22 Revaluations

The Council carries out a rolling programme that ensures that all Property Plant amp Equipment required to be measured at fair value is revalued at least every five years All valuations are carried out internally by the Councils Development Surveyor Nicholas Adamson MRICS However the valuation of the Councils waste disposal PFI Phase II facility has been provided by DVS of the Valuation Agency in the capacity of External Valuer Valuations of land and buildings are carried out in accordance with the methodologies and bases for estimation set out in the professional standards of the Royal Institution of Chartered Surveyors Valuations of vehicles plant furniture and equipment with short useful lives are based on historical cost

As part of the Councils rolling programme the waste disposal PFI facility Phase II Schools and Youth Clubs were selected for review as at 1 April 2015 During the year a further review of land and buildings values was undertaken for impairment following significant capital expenditure and changes in asset use

In addition to the rolling programme the Councils Development Surveyor also undertook a review of the Councils Asset Register to ensure appropriate classification of assets and associated valuation methodologies As a part of this review Surplus Assets were evaluated to ensure compliance with IFRS 13 valuation requirements of fair value - highest and best use The review resulted in upward revaluations totalling pound1262k and downward revaluations of pound364k being recognised in the Revaluation Reserve and upward revaluations totalling pound20k and downward revaluations of pound6k being charged to the Comprehensive Income amp Expenditure Statement Of these revaluations pound158k of the upward and pound11k of the downward revaluations are recognised as Other Land and Buildings whilst pound1124k of the upward and pound359k of the downward revaluations are recognised as Surplus Assets

Fair values of Surplus Assets have been split by their level in the fair value hierarchy by the Councils Development Surveyor

Level 1 - Quoted prices in active markets for identical assetsliabilities that the authority can access at the measurement date Level 2 - Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly Level 3 - Unobservable inputs for the asset or liability

When assigning the hierarchy level a number of factors have been taken into account including where DVS valuations have been instructed-Level 1 where in receipt of informal bid tenders-Level 2 and where the Development Surveyor holds sufficient information that in his opinion allows a reasonable conclusion to be reached on a valuation-Level 3

23 Commitments Under Capital Contracts

As at 31 March 2016 the Council was contractually committed to capital works on the following schemes

pound000

New Primary School - Hafod Y Wern 4555 New Primary School - Gwenfro 4227 Extensions to Alexandra Plas Coch Penycae and Bryn Alyn schools 220 HRA properties 2945 Brymbo South West Housing Renewal Area 602

12549

24 Construction Contracts

The Council was not the contractor in any construction contracts in 201516 or 201415

-23shy


25 Heritage Assets

Reconciliation of the carrying value of Heritage Assets held by the Council

Museum Object Collection

Civic Regalia

pound000

Fine amp Decorative

Art pound000

Industrial amp Economic

History pound000

Welsh Football

pound000

Archaeology Social Natural

amp Military History pound000

Statuary amp Monuments

pound000 Total pound000

Cost or Valuation At 1 April 2014

86 65 69 204 49 28 501

Additions 0 0 0 0 38 0 38

Impairment (losses)(reversals recognised in Surplus or Deficit on the Provision of Services

0 0 0 0 (36) 0 (36)

At 31 March 2015 86 65 69 204 51 28 503


86 65 69 204 51 28 503

Additions 0 0 0 0 1 0 1

Impairment (losses ) reversals recognised in Surplus or Deficit on the Provision of Services

0 0 0 0 (1) 0 (1)

At 31 March 2016 86 65 69 204 51 28 503

The Councils Heritage Assets portfolio can largely be divided into two classes

Civic Regalia -reported in the Balance Sheet at an insurance valuation provided by Bonhams of Chester in November 2012 The regalia are cleaned on a regular basis and are maintained by a local jeweller Further information is available on the Councils website httpwrexhamgovukenglishcouncilmayoraltycivic_regaliahtm

Museum Object Collection -reported in the Balance Sheet at an insurance valuation provided by Bonhams of Chester in December 2012 The collection currently consists of over 13000 objects The Museum has an Acquisition and Disposal policy which can be found at wwwwrexhamgovukassetspdfsconsultationsa_and_d_policy_2009pdf

The Museum collection is displayed and stored across three sites Wrexham Museum and Archive Bersham Heritage Centre and Llay museum store The museum collection is varied and typical of many Local Authority museum collections It can be broken down into the following sub-themes

a) Archaeology - the current collection is relatively small but includes a significant proportion of nationally and regionally important finds

b) Social History - the Museum service has a well established social history collection that aims to represent the daily life of the people of Wrexham County Borough

c) Industrial and Economic History - the industrial and economic history collection is another well established collection with the majority of Wrexham industries being represented to some extent by the artifacts

d) Fine and Decorative Arts - the collection is particularly strong on prints and paintings depicting the past views of the Borough with particular emphasis on Wrexham town

e) Natural History - the museum currently holds a small collection of natural history objects in the form of preserved zoology and geology

f) Military History - the collection consists of objects including firearms and weapons uniforms badges and medals that relate to people of Wrexham County Borough who have served in the forces

g) Welsh Football Collection - the national football collection was set up in 2001 following successful grant funding from the Heritage Lottery Fund and the Football Association of Wales Further information on the Welsh Football Collection is available on the Councils website wwwwrexhamgovukenglishheritagefootballhtm

Statuary and Monuments

The items identified include Y Bwa sculpture of a miner and steelworker in Lord Street by David Annand unveiled in 1996 a Statue of Queen Victoria in Bellevue Park originally placed in 1905 by the Guildhall and moved to the park during the 1920s and Acton Park Gateway built in 1820 as the entrance to the Acton Park Estate by Sir Foster Cunliffe With the exception of Y Bwa which is recognised at historical cost cost information is not available for any of the other statues and monuments

Archaeological Sites and Sites of Special Scientific Interest (SSSI)

Information on the Councils Archaeological sites is available on the website wwwwrexhamgovukenglishheritagevisitor_informationhtm

The Council owns an area of land which has been designated a SSSI for its great crested newts at Stryt Las Johnstown

Additions and Disposals of Heritage Assets

Some assets have been added to the register these are either purchased donated items or items on permanent loan to the Council which had not previously been recognised in the accounts There were no disposals during the year

-24shy


25 Heritage Assets Contd

Preservation and Management

The preservation and management of the museum collection is carried out to the highest possible level and in accordance with several best practice requirements and industry guidelines

The museum has two professional members of collection staff and a specialist computer database called Calm to maintain records relating to the collection Documentation is kept following required procedures as set out in the Spectrum the UK Museum Collections Management Standard

Access to the collection

The collection is what defines the museum as a museum and its significance and importance is acknowledged and valued Access to the collection is promoted and encouraged through a number of activities

1 Exhibitions

Objects from the collection are displayed through exhibitions at W rexham County Borough Museum and Bersham Heritage Centre

2 Online Catalogue

The museum service publishes a fully accessible catalogue of the collection for members of the public on the Council website

3 The Collections Centre

Objects which are not on display are housed in one of the museums three object stores Public access to stored collections is encouraged through the collections centre at the County Borough museum httpwwwwrexhamgovukenglishheritagecollection_centrehtm

26 Capital Financing Statement

201415 Total pound000

Property Plant amp

Equipment pound000

201516 Revenue

Expenditure Funded

Intangible from Capital Assets under Statute pound000 pound000

Settlement Payment


55759 Expenditure in Year 82459 39 9575 146289 238362 (838) Less movement in capital accrual (2539) 0 (58) 0 (2597)

54921 79920 39 9517 146289 235765

Financed Byshy

Increase in underlying need to borrow 3455 - supported by government financial assistance 2396 0 1107 0 3503

16783 - unsupported by government financial assistance 24265 0 59 146289 170613 2306 - local authority borrowing initiative 50 0 0 0 50

76 Finance Lease PFI 16898 0 0 0 16898 1776 Capital Receipts 4630 0 95 0 4725

14914 Grants and Contributions 13273 0 7929 0 21202 15611 Capital Expenditure Charged to Revenue 18408 39 327 0 18774

54921 79920 39 9517 146289 235765

27 Capital Financing Requirement

The CIPFA Prudential Code of Practice requires the Council to adopt indicators which demonstrate that the Councils capital plans are affordable prudent and sustainable One of these indicators is the Capital Financing Requirement This indicator reflects the underlying need to borrow for a capital purpose W hen capital expenditure is not resourced immediately this will result in a net increase to the capital financing requirement This will be the case whether or not external borrowing actually occurs The capital financing requirement as at 31 March is

201415 201516 pound000 pound000

900370 Property Plant and Equipment 986205 (3331) Less in year capital accrual (5928)

503 Heritage Assets 503 39 Intangible Assets 44

1057 Assets Held for Sale 1869 137 Long term debtors - loan to third parties 113 614 Short Term Debtors - Private Finance Initiative 684

(234736) Revaluation Reserve (267458) (481110) Capital Adjustment Account (356600)

183543 Capital Financing Requirement at 31 March 359432

-25shy


28 Long Term Intangible Assets

The Council accounts for its software as intangible assets to the extent that the software is not an integral part of a particular IT system and accounted for as part of the hardware item of Property Plant amp Equipment The intangible assets include purchased licences The Council has no internally generated software All software is given a finite useful life based on assessments of the period that the software is expected to be of use to the Council The useful lives assigned to the major software suites used by the Council are from three to eight years

201415 201516 pound000 pound000

1211 Gross carrying amount at 1 April 1211 (1135) Accumulated Amortisation at 1 April (1172)

76 Net carrying amount at 1 April 39

0 Additions 39 (37) Amortisation for the year (34)

39 Balance at 31 March 44

Comprising 1211 Gross Carrying amount 1250

(1172) Accumulated Amortisation (1206)

39 44

The expenditure in year relates to a new Public Protection software system and will be charged to the CIampES over a period of 7 years

29 Current Intangible Assets

The balance of pound280k relates to Carbon Reduction Commitment (CRC) allowances purchased during the year for the purpose of settling current and future years CRC responsibilities

30 Long-term debtors

31032015 pound000

31032016 pound000

8 92 45

Mortgages Loan to Commercial Body Loan to Voluntary Body

5 84 29

145 118

The loan to Commercial Body was to part-fund the development of a hotel on the Wrexham Technology Park and was advanced in December 2005 at a fixed rate of interest It is repayable over 20 years with the first repayment in December 2006 The repayments during the first five years are interest only with the principal together with the remaining interest being repaid over the subsequent fifteen years

There are four loans to voluntary bodies

a) pound60k to acquire and install a mobile unit for use by Barkers Lane Out of School Club The loan was advanced in October 2008 at a fixed rate of interest repayable bi-annually with the first repayment made in November 2008 b) pound30k is the cost of acquiring and installing a mobile unit for use by Bwlchgwyn Out of School Club The loan was advanced in May 2011 at a fixed rate of interest repayable bi-annually with the first repayment made in October 2011 c) pound15k is a loan to Brymbo and Tanyfron Regeneration Trust Ltd to support the continued growth and activity at Brymbo Enterprise Centre The loan was advanced in March 2012 at a fixed rate of interest repayable bi-annually with the first repayment due in September 2012 d) pound18k is a loan to Glynwylfa Ltd towards the development of a community owned and managed asset as a Community Enterprise and Heritage Centre The loan was advanced in November 2012 at a fixed rate of interest repayable bi-annually with the first repayment made in May 2013

31 Assets Held for Sale

201415 201516 Current Non-Current Current Non-Current

pound000 pound000 pound000 pound000

Balance outstanding at 1 April 1972 0 1057 0

Assets newly classified as held for sale - Property Plant amp Equipment 184 0 2444 0

Revaluation (losses) gains 0 0 372 0

Impairment (losses) reversals 0 0 (392) 0

Assets declassified as held for sale - Property Plant amp Equipment 0 0 (545) 0

Assets sold (1099) 0 (1067) 0

Transfers from non current to current 0 0 0 0

Balance outstanding at 31 March 1057 0 1869 0

-26shy

NOTES TO THE ACCOUNTS 32 Financial Instruments

A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity Non-exchange transactions such as those relating to taxes and government grants do not give rise to financial instruments

Financial Liabilities

A financial liability is an obligation to transfer economic benefits controlled by the Council and can be represented by a contractual obligation to deliver cash or financial assets or an obligation to exchange financial assets and liabilities with another entity that is potentially unfavourable to the Council The Councils non-derivative financial liabilities held during the year are measured at amortised cost and comprised

- long-term loans from the Public W orks Loan Board and commercial lenders - Government Bodies Invest to Save initiatives - overdraft with the bank - finance leases - Private Finance Initiative contracts - trade creditors for goods and services received

Finance Assets

A financial asset is a right to future economic benefits controlled by the Council that is represented by cash or other instruments or a contractual right to receive cash or another financial asset The financial assets held by the Council during the year are held under the following classifications

Loans and receivables (financial assets that have fixed or determinable payments and are not quoted in an active market) comprising

- cash in hand - bank current and deposit accounts - fixed term deposits with banks and building societies - loans to other local authorities - loans made for service purposes - trade debtors for goods and services

Available for sale financial assets (those that are quoted in an active market) such as money market funds

Financial assets classified as available for sale are carried in the Balance Sheet at fair value The Council had no assets classified as available for sale as at the balance sheet date

The following categories of financial instrument are carried in the Balance Sheet

Amortised Cost Fair Value Fair Value Note 31032015 31032016 31032015 31032016 Level


Financial Assets at amortised cost Assets for which fair value is not disclosed 51621 41961

Recorded in the Balance Sheet as Investments 33 14068 3309 Long-term debtors 30 145 118 Short-term debtors 34 34474 27825 Cash and Cash Equivalents 35 2934 10709

Total Financial Assets 51621 41961

The fair value of short-term financial assets including trade debtors is assumed to approximate to the carrying amount

Financial Liabilities at amortised cost

Long-term loans from PW LB (112684) (268572) (186214) (348274) 2 Long-term LOBO loans (22980) (22987) (37986) (36263) 2 Loans from Government Bodies (858) (1482) (891) (1528) 2 PFI Liabilities (14761) (26462) (35359) (54294) 3 Finance Lease Liabilities (1811) (1689) (1795) (1722) 3

(153094) (321192) (262245) (442081) Liabilities for which fair value is not disclosed (30786) (32299) Total (183880) (353491)

Recorded in the Balance Sheet as Long-term borrowing 39 (133359) (289112) Short-term borrowing 39 (3262) (4052) Cash Overdrawn 35 (4683) (5862) Short-term creditors 37 (23403) (23677) Long-term creditors 37 (2601) (4326) PFI arrangements 40 (14761) (26462) Finance Leases 41 (1811) (1689)

Total Financial Liabilities (183880) (355180)

The fair value of short-term financial liabilities including trade creditors is assumed to approximate to the carrying amount

The fair value of financial loans held at amortised cost is higher than their balance sheet carrying amount because the Councilrsquos portfolio of loans includes a number of loans where the interest rate payable is higher than the current rates available for similar loans as at the Balance Sheet date The fair value of the PFI arrangement is greater than the carrying amount because the pre-construction interest rate included in

-27shy

NOTES TO THE ACCOUNTS 32 Financial Instruments contd

the contract reflects the risks associated with construction This is higher than the discount rate used to calculate the fair value which represent the current interest rates available to the Council

Financial assets classified as loans and receivables and all non-derivative financial liabilities are carried in the Balance Sheet at amortised cost Their fair values have been estimated by calculating the net present value of the remaining contractual cash flows at 31 March 2016 using the following methods and assumptions

- Loans borrowed by the Council have been valued by discounting the contractual cash flows over the whole life of the instrument at the appropriate market rate for local authority loans

- The value of Lenders Option Borrowers Option (LOBO) loans have been increased by the value of the embedded options Lenders options to propose an increase to the interest rate on the loan have been valued according to a proprietary model for Bermudan cancellable swaps Borrowers contingent options to accept the increased rate or repay the loan have been valued at zero on the assumption that lenders will only exercise their options when market rates have risen above the contractual loan rate - The fair values of other long-term loans and investments have been discounted at the market rates for similar instruments with similar

remaining terms to maturity on 31 March - The fair values of finance leases liabilities and of PFI scheme liabilities have been calculated by discounting the contractual cash flows

(excluding service charge elements) at the appropriate AA rated corporate bond yield - No early repayment or impairment is recognised for any financial instrument - The fair value of short-term instruments including trade debtors and creditors is assumed to approximate the carrying amount

Fair values are shown in the table above split by their level in the fair value hierarchy

Level 1 - fair value is only derived from quoted prices in active markets for identical assets or liabilities eg bond prices Level 2 - fair value is calculated from inputs other than quoted prices that are observable for the asset or liability eg interest rates or yields for similar instruments Level 3 - fair value is determined using unobservable inputs egnon-market data such as cash flow forecasts or estimated creditworthiness

The gains and losses in the CIampES in relation to financial instruments are as follows

Liabilities measured at Long-term

amortised cost Investments debtors Total pound000 pound000 pound000 pound000

Interest expense 16682 0 0 16682

Interest payable and similar charges 16682 0 0 16682

Interest Income (107) (8) (115)

Interest and investment income 0 (107) (8) (115)

The Councils activities expose it to a variety of financial risks The key risks are

Credit risk - the possibility that other parties might fail to pay amounts due to the Council Liquidity risk - the possibility that the Council might not have funds available to meet its commitments to make payments Market risk - the possibility of financial loss to the Council as a result of changes in such measures as interest rate movements

The Councils overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the resources available to fund services Risk management is carried out by the Treasury Management team in conjunction with appointed Treasury Management advisors under policies approved by the Council in the Treasury Management Strategy and Annual Investment Strategy The strategy provides written principles for overall risk management as well as written policies covering specific areas such as interest rate risk credit risk and the investment of surplus cash The Council has adopted CIPFAs Treasury Management in the Public ServicesCode of Practice and has set treasury management indicators to control key financial instrument risks in accordance with CIPFAs Prudential Code

Credit Risk

The Council manages credit risk by ensuring that investments are placed with organisations of high credit quality as set out in the Treasury Management Strategy These include commercial entities with a minimum long-term credit rating of A- the UK government other local authorities and organisations without credit ratings upon which the Council has received independent advice The Councils policy in 201516 was to not lend more than pound5 million to one institution (other than the UK government) and no more than pound5m to be invested for a period longer than one year The Council has no historical experience of counterparty default The following analysis summarises the Councils outstanding investments as at 31 March 2016

Maturity of Investment 0-3 Months

pound000 3-6 Months 6-12 Months gt12 months

pound000 pound000 pound000 Total pound000

Banks UK

Non UK

A A1 A A+ A1 A AA- Aa2 AAshy

4550 3400 5000

0 0 0

0 0 0

0 0 0

4550 3400 5000

Building Societies UK Unrated 1000 0 0 0 1000

Total Investments 13950 0 0 0 13950

-28shy


32 Financial Instruments contd

The above table shows that all deposits outstanding as at 31 March 2016 met the Councils credit rating criteria

Liquidity risk

As the Council has ready access to borrowings from the Public W orks Loan Board there is no significant risk that it will be unable to raise finance to meet its commitments under financial instruments Instead the risk is that the Council will be bound to replenish a significant proportion of its borrowings at a time of unfavourable interest rates The Councils strategy is to ensure that loans do not mature at an inopportune time and this is achieved through a combination of careful planning of new loans taken out and (where it is economic to do so) making early repayments The maturity analysis of the Councils borrowing (excluding bonds) is as follows

pound000

Less than one year 1505 Between one and two years 708 Between two and five years 5518 Between five and ten years 21244 Between ten and twenty years 85183 Between twenty and thirty years 95431 Between thirty and forty years 29671 More than forty years 28605 Uncertain Date 23800

291665

The Council has pound238m of Lenders option borrowers option (LOBO) loans where the lender has the option to propose an increase in the rate payable the Council will have the option to accept the new rate or repay the loan without penalty Due to current low interest rates in the unlikely event that the lender exercises its option the Council is likely to repay these loans The maturity date is therefore uncertain All trade creditors are due to be paid in less than one year

Market risk

Interest rate risk - The Council is exposed to risks arising from movements in interest rates The Councils Treasury Management Strategy

aims to mitigate these risks by setting an upper limit of 30 on external debt that can be subject to variable interest rates As at 31 March 2016 100 of the Councils debt portfolio was held in fixed rate instruments

If interest rates had been 1 higher with all other variables held constant the financial effect would be

pound000

Increase in interest payable on variable rate borrowings 0 Increase in interest receivable on variable rate investments (121) Increase in Government grant receivable for financing costs 0

Impact on the CIampES (121)

Share of overall impact debitedcredited to the HRA 0

Decrease in fair value of fixed interest rate investment assets 0

Decrease in fair value of fixed rate borrowings liabilities (No impact on the CIampES) 50750

The approximate impact of a 1 fall in interest rates would be as above but with the movements being reversed

Price risk

The Council does not generally invest in equity shares

Foreign Exchange risk

The Council has no financial assets or liabilities denominated in foreign currencies and thus has no exposure to loss arising from movements in exchange rates

33 Short-term Investments

The investments disclosed in the Balance Sheet are made up of the following categories of financial instruments

Principal pound000

31032015 Accrued Interest

pound000

Amortised Cost pound000

Principal pound000

31032016 Accrued AInterest

pound000

mortised Cost pound000

Short Term Investments 14000 68 14068 3300 9 3309

Total Investments 14000 68 14068 3300 9 3309

The Councils investments consist of term deposits with Banks and Building Societies As at 31 March 2016 there were no long-term investments W here an instrument matures in the next twelve months the carrying amount is assumed to approximate fair value

-29shy


34 Short-term Debtors

31032015 31032016 pound000 pound000

Central government bodies 18000 12976 Other local authorities 4583 1359 NHS bodies 726 1207 Other entities and individuals 11165 12283

Total Short-term Debtors 34474 27825

35 Cash and Cash Equivalents

31032015 31032016 pound000 pound000

Cash in hand 64 59 Bank current accounts (4683) (5862) Call accounts 2870 10650

Total Cash and Cash Equivalents (1749) 4847

36 Social Care - Safe Custody and Amenity Funds

Safe Custody Accounts - The Adult Social Care Department maintains individual Safe Custody accounts for service users living in the

community who are unable to deal with their financial affairs due to their mental incapacity The Head of Adult Social Care is the appointee with the Department of Work and Pensions for each of the service users The balance as at 31 March 2016 was pound3806k (pound3332k as at 31 March 2015) and this reflects the amount of money held by the Council on behalf of its service users

Amenity Funds - Amenity funds represent funds held on behalf of establishments such as day centres and residential homes Payments

are for items purchased for the benefit of residents and clients of these establishments and the income is generated from donations and gifts from families of clients and bequests from the estates of deceased clients The balance as at 31 March 2016 was pound5464 (pound18146 as at 31 March 2015)

37 Creditors

Short-term 31032015 31032016

pound000 pound000

Long-term 31032015 31032016

pound000 pound000

Central government bodies Other local authorities NHS bodies Other entities and individuals

(4236) (4101)

(278) (14788) (23403)

(3712) (3343)

(292) (16330) (23677)

(867) 0 0

(1734) (2601)

(2059) 0 0

(2267) (4326)

38 Provisions

Insurance Provision

pound000

MMI Insurance Provision

pound000

Current Benefits

Landfill Subsidy Provision Provision

pound000 pound000

Total Provision

pound000

Non Current

Landfill Provision

pound000

Balance at 1 April 2015 (602) (45) (113) (525) (1285) (2452)

Reduction in (Additional) provisions made in 201516

(431) (401) 41 0 (791) 13

Amounts used in 201516 553 17 0 0 570 0

Balance at 31 March 2016 (480) (429) (72) (525) (1506) (2439)

The Council has made provision for anticipated expenditure as follows

Insurance Provision - this is to meet anticipated excesses on claims

MMI Insurance Provision - this is to meet 25 of the value of total claims payments exceeding pound50k and estimated claims outstanding at 31 March 2016 in respect of the former Wrexham Maelor Borough Council and Clwyd County Council - see note 42 Notes to the Accounts

Landfill Provision - the Landfill Directive (article 10) requires landfill sites to be monitored for a period of at least thirty years after closure and Natural Resources Wales requires costs to be calculated for sixty years after closure A provision of pound2211k has been made for the aftercare costs of a number of sites within the County Borough A further provision of pound300k has been made to cover future capital works at the capped Llay landfill site

Benefit Subsidy Provision - this is to meet any potential repayment of grant to the Department of Work and Pensions due to a number of issues arising from the audit of previous years claims

-30shy


39 Borrowings

The borrowings disclosed in the Balance Sheet are made up of the following categories of financial instruments

31032015 31032016 Accrued Amortised Accrued Amortised

Principal Interest Amortisation Cost Principal Interest Amortisation Cost pound000 pound000 pound000 pound000 pound000 pound000 pound000 pound000

Public Works Loan Board (PWLB) (109975) 0 0 (109975) (265032) 0 0 (265032)

Market (23800) (814) 1783 (22831) (23800) (800) 1765 (22835)

Government Bodies (596) 0 43 (553) (1328) 0 83 (1245)

Total Long Term Borrowing (134371) (814) 1826 (133359) (290160) (800) 1848 (289112)

Public Works Loan Board (1824) (885) 0 (2709) (1232) (2308) 0 (3540)

Market 0 (149) 0 (149) 0 (152) 0 (152)


Bonds (98) (1) 0 (99) (121) (2) 0 (123)

Total Short Term Borrowing (2254) (1035) 27 (3262) (1626) (2462) 36 (4052)

The loans from Government Bodies are interest free and include sums from Welsh Government (WG) and Salix to finance various invest to save and carbon emission and energy use reduction projects During the year the Council received further loans of pound114k from Salix to finance lighting upgrades across a range of Council owned non-domestic buildings and pound891k from WG to finance LED Street Lighting across the borough The loans are repayable over a period of 2 to 7 years

40 Private Finance Initiatives and Similar Contracts (PFI)

The Council entered into a waste disposal PFI scheme with FCC Environment on 1 April 2009 Phase I facilities were operational by September 2009 On 28 March 2013 the Council entered into a new agreement with FCC known as Wrexham Eco Park Phase II which is based on a Mechanical Biological Treatment technology solution treating a combination of residual waste Household Waste Recycling Centre arisings bulky and fly tipped waste and street sweepings Phase II became operational in July 2015 The agreement with FCC Environment runs until 2038 The value of the assets held under the agreement are included in Property Plant amp Equipment based on costings in the operators financial model and are as follows

Vehicles Plant Land amp Furniture amp

Buildings Equipment Total pound000 pound000 pound000

Value at 1 April 2015 11703 1168 12871

Additions 8164 8149 16313

Revaluations 922 (110) 812

Depreciation (560) (212) (772)

Value at 31 March 2016 20229 8995 29224

The details of the payments due to be made during the life of the scheme are as follows

Interest Fair Value amp Total of Service Contingent Repayment Unitary

Charge Rents of Liability Payment pound000 pound000 pound000 pound000

within one year 9791 3640 389 13820 within two to five years 41737 14329 2052 58118 within six to ten years 58808 16837 4558 80203 within eleven to fifteen years 67234 14908 7313 89455 within sixteen to twenty years 75789 14846 8135 98770 within twenty one to twenty five years 32956 3814 4015 40785

286315 68374 26462 381151

The service charge includes lifecycle replacement costs as included in the operators financial model The payments for the forthcoming financial year have been estimated using a weighted average of the various indices stipulated in the contract The rates used for the 201516 financial year are based on the increases at 1 January 2015 for RPI 114 RPIx 118 Labour Index 211 and Derv Index of -1870 The rates used for 201617 are based on the increases at 1 January 2016 for RPI 133 RPIx 141 Labour Index 233 and Derv Index of -958 For subsequent years inflation of 25 has been assumed for all indices as assumed in the operators financial model

-31shy


40 Private Finance Initiatives and Similar Contracts (PFI) contd

The liability outstanding to the contractor for capital expenditure incurred is as follows

201415 201516 pound000 pound000

Balance Outstanding at 1 April (14824) (14761)

Payments during the year 365 1631

Capital Expenditure incurred in the year (74) (16313)

Other Movements (228) 2981

Balance Outstanding at 31 March (14761) (26462)

Included within other movements is an adjustment of pound3050k to reflect the reduction in outstanding liability brought forward as a consequence of the reduced finance cost by combining the operators financial models for Phase I and II - see note 11 Notes to the Accounts

41 Leases

Finance Leases

Assets acquired under finance leases are carried as Vehicles Plant Furniture amp Equipment in the Balance Sheet at the following net amounts

31032015 31032016 pound000 pound000

2414 Vehicles Plant Furniture amp Equipment 2234

2414 2234

The Council is committed to making minimum payments under these leases comprising settlement of the long-term liability for the interest in the property acquired by the Council and finance costs that will be payable by the Council in future years while the liability remains outstanding The minimum lease payments are made up of the following amounts

31032015 31032016 pound000 pound000

Finance lease liabilities (net present value of minimum lease payments)

604 - current 585 1207 - non current 1104

111 Finance costs payable in future years 87

1922 Minimum lease payments 1776

The minimum lease payments will be payable over the following periods

Minimum Lease Payments Finance Lease Liabilities

31032015 31032016 31032015 31032016 pound000 pound000 pound000 pound000

Not later than one year 664 634 604 585 Later than one year and not later than five years 1224 1120 1174 1082 Later than five years 34 22 33 22

1922 1776 1811 1689

Operating Leases

The Council leases land amp buildings vehicles furniture and equipment under the terms of an operating lease The future minimum lease payments due under non-cancellable leases in future years are

Vehicles Furniture Land amp amp Equipment Buildings Total


298 Not later than one year 50 237 287 973 Later than one year and not later than five years 37 924 961 650 Later than five years 0 440 440

1921 87 1601 1688

-32shy


41 Leases contd

The expenditure charged to the CIampES during the year in relation to these leases is shown below

Expenditure Expenditure 201415 201516

pound000 pound000

12 Cultural and Related Services 9 162 Environmental and Regulatory Services 287 229 Planning Services 230

44 Childrens and Education Services 38 3 Highways amp Transport Services 3 9 Local Authority Housing (HRA) 7

30 Other Housing Services 18 37 Adult Social Care 9 20 Corporate and Democratic Core 19

546 620

The Council also leases out land and buildings to third parties under operating leases for economic development purposes and agricultural estates The future minimum lease payments receivable under non-cancellable leases in future years are

31032015 31032016 pound000 pound000

603 Not later than one year 827 2289 Later than one year and not later than five years 2132 2401 Later than five years 2146

5293 5105

42 Contingent Liabilities Assets

a) A group of Property Search Companies sought to claim refunds of fees paid to the Council to access land charges data The parties have reached agreement on the claims The Council has agreed to pay the property search companies legal costs to be subject to detailed assessment by way of costs only proceedings if not agreed The council is in discussions with the claimants about the costs costs aspect of the claim At present it is not possible to put a final value on these potential liabilities and so the Council has instead recognised a contingent liability

b) The Council is currently involved in a legal case in respect of Funded Nursing Care (FNC) the case is national in scale involving twenty one of the twenty two Welsh Authorities as well as Local Health Boards Currently it is estimated that in the event that the Courts find against the Local Authorities Wrexham County Borough Councils liability could be pound175k At this point it is considered that the likely costs are so difficult to quantify and that the legal outcome so difficult to predict that no provision has been made

c) Municipal Mutual Insurance Ltd (MMI) was the predominant insurer of public sector bodies prior to it ceasing to write insurance business from September 1992 In order to ensure an orderly run-off a scheme of arrangement (the Scheme) with its Creditors was put in place The former authorities of Wrexham Maelor Borough Council (WMBC) and Clwyd County Council (CCC) are creditors of MMI and are legally bound by the Scheme of Arrangement The scheme allows new claims to be made against MMI and outstanding claims with MMI to be settled

The directors of MMI triggered the Scheme on 13 November 2012 and imposed an initial levy of 15 The Council has paid the 15 levy but on 16 March 2016 in view of the continuing high level of new mesothelioma and child abuse claims being reported to the company it was announced that the levy would be increased to 25 The Council has recognised a provision for the additional 10 of claims paid and 25 of the outstanding claims as at 31 March 2016 amounting to pound71k and pound358k in respect of WMBC and CCC respectively (see note 38 Notes to the Accounts)

The projection of future claims is uncertain because of the nature of the claims that MMI is still receiving Despite setting a levy of 25 when modelling projected outcomes for the solvent run-off of MMI the administrator indicated that the levy could increase to as much as 34 A further levy of 9 would equate to approximately pound352k

d) Wrexham Commercial Services a wholly owned subsidiary of the Council has a pension deficit of pound167k as at 31 March 2016 This represents a contingent liability for the Council because in the event of the failure of the company the responsibility for making good any funding shortfall would fall back on the Council

43 Joint Arrangements and Joint Committees

The Council is currently involved in a number of joint arrangements with neighbouring North Wales authorities for example

a) North East Wales Community Equipment Service (Flintshire County Council (host partner) and Betsi Cadwaladr University Health Board) see note 13 Notes to the Accounts

b) GwE with Gwynedd County Council as the lead authority and with responsibility for preparing the Joint Committees financial statements The Councils contribution for 201516 was pound783k The Council has not included its share of the net liabilities of GwE in the accounts as these are considered to be immaterial The GwE financial statements can be accessed by the following link httpwwwgwyneddgovukgwy_docaspcat=8204ampdoc=31949amplanguage=1ampp=1ampc=1

c) Clwydian Range and Dee Valley Area of Natural Beauty (AONB) is a joint committee of the Council Denbighshire County Council (lead authority) and Flintshire County Council to oversee the management of the AONB The Councils contribution for 201516 was pound5k (201415 pound7k) The Council has not included its share of the AONBs assets in the accounts as these are considered to be immaterial

-33shy


44 Transactions Relating to Post-employment Benefits

As part of the terms and conditions of employment of its officers and other employees the Council makes contributions towards the cost of post-employment benefits Although these benefits will not actually be payable until employees retire the Council has a commitment to make the payments (for those benefits) and to disclose them at the time that employees earn their future entitlement

The Council participates in two post-employment schemes

The Local Government Pension scheme administered by Flintshire County Council - this is a funded defined benefit final salary scheme meaning that the Council and employees pay contributions into a fund calculated at a level intended to balance the pension liabilities with investment assets

Arrangements for the award of discretionary post-retirement benefits upon early retirement - this is an unfunded defined benefit arrangement under which liabilities are recognised when awards are made However there are no investment assets built up to meet these pension liabilities and cash has to be generated to meet actual pension payments as they eventually fall due

The Clwyd Pension Fund is operated under the regulatory framework for the Local Government Pension scheme and the governance of the scheme is the responsibility of the Clwyd Pension Fund Panel Policy is determined in accordance with the Pensions Fund Regulations The investment managers of the fund are appointed by the panel

The principal risks to the Council of the scheme are the longevity assumptions statutory changes to the scheme structural changes to the scheme (ie large scale withdrawals from the scheme) changes to inflation bond yields and the performance of the equity investments held by the scheme These are mitigated to a certain extent by the statutory requirements to charge to the General Fund and HRA the amounts required by statute as described in the accounting policies note

The cost of post employment benefits are recognised in the Cost of Services when they are earned by employees rather than when the benefits are eventually paid as pensions However the charge to be made against council tax is based on the employers contributions payable in the year so the real cost of retirement benefits is reversed out in the Movement in Reserves Statement The following transactions have been made in the CIampES and the Movement in Reserves Statement during the year

Local Government Discretionary Benefits Pension Scheme Arrangements


Comprehensive Income and Expenditure Statement

Cost of Services Current service cost 13619 17240 0 0 Past service costs 0 0 0 0 (Gain) Loss from curtailments 948 1677 0 0

Other Operating Income and Expenditure Administrative expenses 336 332 0 0

Financing and Investment Income and Expenditure Net Interest expense 7788 7797 1226 932

Total Post Employment Benefit Charged to the Surplus or Deficit 22691 27046 1226 932 on the Provision of Services

Other Post Employment Benefit Charged to CIampES

Remeasurement of the net defined benefit liability comprising

Return on plan assets (excluding the amount included in the net (38493) 10152 0 0 interest expense)

Actuarial gains and losses arising on changes in demographic 0 0 0 0 assumptions

Actuarial gains and losses arising on changes in financial assumptions 98130 (39482) 2318 (851)

Other 0 0

Total Post Employment Benefit Charged to CIampES 82328 (2284) 3544 81

Movement in Reserves Statement

Reversal of net charges made to the Surplus or Deficit on the Provision (82328) 2284 (3544) (81) of Services for post employment benefits in accordance with the Code

Actual amount charged against General Fund HRA Balance for Pensions in year

Employers contributions payable to Clwyd Pension Fund scheme 18238 19634

Retirement benefit payable to pensioners 2378 2315

-34shy


45 Pensions Assets and Liabilities Recognised in the Balance Sheet

The amount included in the Balance Sheet arising from the Councils obligation in respect of its defined benefit plans is as follows



Present value of the defined benefit obligation 686929 672715 30069 27835

Fair value of plan assets (436128) (443832) 0 0

250801 228883 30069 27835

Other movements in the liability (asset) 0 0 0 0

Net liability arising from defined benefit obligation 250801 228883 30069 27835

Reconciliation of the Movements in the Fair Value of Scheme (Plan) Assets

Local Government Unfunded Liabilities Pension Scheme Discretionary Benefits


Fair value of scheme assets at 1 April 379723 436128 0 0

Interest Income 17312 14607 0 0 Administrative Expenses (336) (332) 0 0 Remeasurement gain (loss) Return on plan assets (excluding the amount included in the net 38493 (10152) 0 0

interest expense) Other 0 0 0 0 The effect of changes in foreign exchange rates 0 0 0 0 Contributions from employer 18238 19634 2378 2315 Contributions from employees into the scheme 4178 4106 0 0 Benefits paid (21480) (20159) (2378) (2315)

Fair value of scheme assets at 31 March 436128 443832 0 0

Reconciliation of Present Value of the Scheme Liabilities (Defined Benefit Obligation)



Balance at 1 April 566434 686929 28903 30069

Current Service Cost 13619 17240 0 0 Interest Cost 25100 22404 1226 932 Contributions from scheme participants 4178 4106 0 0 Remeasurement gains and (losses)

Actuarial losses (gains) arising on changes in demographic 0 0 0 0 assumptions

Actuarial losses (gains) arising on changes in financial 98130 (39482) 2318 (851) assumptions

Other 0 0 0 0

Past Service cost 0 0 0 0 Losses (gains) on curtailment 948 1677 0 0 Liabilities assumed on entity combinations 0 0 0 0 Benefits paid (21480) (20159) (2378) (2315) Liabilities extinguished on settlements 0 0 0

Balance at 31 March 686929 672715 30069 27835

-35shy


45 Pensions Assets and Liabilities Recognised in the Balance Sheet contd

Local Government Pension Scheme assets comprised

Cash and cash equivalents

Equity instruments UK quoted Global quoted Global unquoted US Japan Europe Emerging Markets Frontier Far East

Bonds Overseas other LDI

Property UK Overseas

Other Investment funds Hedge Funds Private Equity Infrastructure Timber amp Agriculture Commodities GTAA

Total assets

46 Basis for Estimating Assets and Liabilities

201415 pound000

13083 4438 Y

0 32710 15264

0 0 0

26168 4361

0

0 Y 31512 Y

0 N 0 Y 0 Y 0 Y

25298 Y 8433 Y

0 Y 78503 65243

56697 100309

54591 N 101194 Y

157006 155785

13084 17445

13315 Y 21748 N

30529 35063

17445 47974

8723 8723 8723

65419

44827 N 48378 N

8877 N 8433 N

0 N 72788 N

157007

436128

Fair Value of scheme assets Quoted

201516 pound000

183303

443832

Liabilities have been assessed on an actuarial basis using the projected unit credit method an estimate of the pensions that will be payable in future years dependent on assumptions about mortality rates salary levels etc Both the Local Government Pension scheme and discretionary benefits liabilities have been estimated by Mercers an independent firm of actuaries estimates for the Clwyd Pension Fund being based on the latest full valuation of the scheme as at 1 April 2013

The significant assumptions used by the actuary have been

Mortality assumptions Longevity at 65 for current pensioners Men Women Longevity at 65 for future pensioners Men Women Rate of Inflation Rate of Increase in salaries Rate of increase in pensions Rate for discounting scheme liabilities


201415 201516 201415 201516

234 235 234 235 259 260 259 260

263 264 293 294

20 20 20 20 35 35 20 20 20 20 33 36 31 34

The estimation of the defined benefit obligations is sensitive to the actuarial assumptions set out in the table above The sensitivity analyses below have been determined based on reasonably possible changes of the assumptions occurring at the end of the reporting period and assumes for each change that the assumption analysed changes while all the other assumptions remain constant The assumptions in longevity for example assume that life expectancy increases or decreases for men and women In practice this is unlikely to occur and changes in some of the assumptions may be interrelated The estimations in the sensitivity analysis have followed the accounting policies for the scheme ie on an actuarial basis using the projected unit credit method The methods and types of assumptions used in preparing the sensitivity analysis below did not change from those used in the previous period

-36shy


46 Basis for Estimating Assets and Liabilities contd

Impact on the Defined Benefit Obligation in the Scheme Increase in Decrease in Assumption Assumption

pound000 pound000

Longevity (increase or decrease in one year) 13075 (13075) Rate of inflation (increase or decrease by 01) 13141 (13141) Rate of increase in salaries (increase or decrease by 01) 3267 (3267) Rate of increase in pensions (increase or decrease by 01) 13141 (13141) Rate for discounting scheme liabilities (increase or decrease by 01) (12895) 12895

Impact on the Councils Cash Flows

The objectives of the scheme are to keep employers contributions at as constant a rate as possible The Council has agreed a strategy with the schemes actuary to achieve a funding level of 100 over the next 20 years Funding levels are monitored on an annual basis The next triennial valuation is due to be completed on 31 March 2016

The scheme will need to take account of the national changes to the scheme under the Public Pensions Services Act 2013 Under the Act the Local Government Pension Scheme in England and Wales and the other main existing public service schemes may not provide benefits in relation to service after 31 March 2014 (or service after 31 March 2015 for other main existing public service pension schemes in England and Wales) The Act provides for scheme regulations to be made within a common framework to establish new career average revalued earnings schemes to pay pensions and other benefits to certain public servants The Council anticipates to pay pound205m expected contributions to the scheme in 201617 The weighted average of the defined benefit obligation for scheme members is 19 years 201516 (19 years 201415)

47 Defined Contribution Schemes

Teachers employed by the Council are members of the Teachers Pension Scheme administered by Capita Teachers Pension It provides teachers with defined benefits upon their retirement and the Council contributes towards the costs by making contributions based on a percentage of members pensionable salaries

In 201516 the Council paid pound63m to Capita Teachers Pensions in respect of teachers retirement benefits representing 141 of pensionable pay There were no contributions remaining payable at the year end

The Teachers Pension Scheme is a defined benefit scheme Although the scheme is unfunded Teachers Pensions use a notional fund as the basis for calculating the employers contribution rate paid by the Council However it is not possible for the Council to identify a share of the underlying liabilities in the scheme attributable to its own employees for the purpose of this Statement of Accounts and is therefore accounted for on the basis as a defined contribution scheme The Council is responsible for the costs of any additional benefits awarded upon early retirement outside the terms of the Teachers scheme These benefits are fully accrued in the pensions liability

48 Usable Reserves

Movements in the Councils usable reserves are detailed in the Movement in Reserves Statement on page 8 and Note 5

49 Unusable Reserves

31032015 31032016 pound000 pound000

Deferred Capital Receipts Reserve 8 5

Revaluation Reserve 234736 267458

Capital Adjustment Account 481110 356600

Financial Instruments Adjustment Account (1527) (1319)

Pensions Reserve (280870) (256718)

Accumulated Absences Account (2250) (1564)

Total Unusable Reserves 431207 364462

50 Deferred Capital Receipts

The Deferred Capital Receipts Reserve holds the gains recognised on the disposal of non-current assets but for which cash settlement has yet to take place Under statutory arrangements the Council does not treat these gains as usable for financing new capital expenditure until they are backed by cash receipts When the deferred cash settlement eventually takes place amounts are transferred to the Capital Receipts Reserve

201415 201516 pound000 pound000

Balance at 1 April 15 8

Transfer to the Capital Receipts Reserve upon receipt of cash (7) (3)

Balance at 31 March 8 5

-37shy


51 Revaluation Reserve

The Revaluation Reserve contains the gains made by the Council arising from increases in the value of its Property Plant amp Equipment The balance is reduced when assets with accumulated gains are

- revalued downwards or impaired and the gains are lost

- used in the provision of services and the gains are consumed through depreciation or

- disposed of and the gains are realised

The Reserve contains only revaluation gains accumulated since 1 April 2007 the date that the Reserve was created Accumulated gains arising before that date are consolidated into the balance on the Capital Adjustment Account

201415 pound000

201516 pound000

241519 Balance at 1 April 234736

3719 (6153)

Upward Revaluation of assets Downward revaluation of assets and impairment losses not charged to the Surplus Deficit on the Provision of Services

52464 (15886)

(2434) Surplus or (deficit) on revaluation of non-current assets not posted to the Surplus Deficit on the Provision of Services

36578

(3718) (631)

Difference between fair value and historical cost depreciation Accumulated gains on assets sold or scrapped

(2885) (971)

(4349) Amount written off to the Capital Adjustment Account (3856)


52 Capital Adjustment Account

The Capital Adjustment Account absorbs the timing differences arising from the different arrangements for accounting for the consumption of non-current assets and for financing the acquisition construction or enhancement of those assets under statutory provisions The account is debited with the cost of acquisition construction or enhancement as depreciation impairment losses and amortisations are charged to the CIampES (with reconciling postings from the Revaluation Reserve to convert fair value figures to a historical cost basis) The Account is credited with amounts set aside by the Council as finance for the costs of acquisition construction and enhancement

The Account also contains revaluation gains accumulated on Property Plant amp Equipment before 1 April 2007 the date that the Revaluation Reserve was created to hold such gains

Note 4 provides details of the source of all the transactions posted to the Account apart from those involving the Revaluation Reserve

201415 201516 pound000 pound000 470870 Balance at 1 April Restated

Reversal of items relating to capital expenditure debited or credited to the CIampES 481110

(27189) - charges for depreciation and impairment of non current assets (28261) (37) - amortisation of intangible assets (34)

0 - income in relation to donated assets 0 (1017) - revenue expenditure funded from capital under statute (148365) (2301) - amounts of non current assets written off on disposal or sale as part of the (4129)

gainloss on disposal to the CIampES

(30544) (180789) 864 Transfers to from Capital Receipts Reserve (24)

4349 Adjusting amounts written out of the Revaluation Reserve 3856 3832

(25331) Net written out amount of the cost of non current assets consumed in the year

Capital financing applied in the year

1776 - use of the Capital Receipts Reserve to finance new capital expenditure 4725 10647 - capital grants and contributions credited to the Comprehensive Income and 12904

Expenditure Statement that have been applied to capital financing 17 - application of grants to capital financing from the Capital Grants Unapplied Account 799

7520 - statutory provision for the financing of capital investment charged against the 15245 General Fund and HRA balances

15611 - capital expenditure charged against the General Fund and HRA balances 18774

35571 52447


-38shy


53 Financial Instruments Adjustment Account

The Financial Instruments Adjustment Account absorbs the timing differences arising from the different arrangements for accounting for income and expenses relating to certain financial instruments and for bearing losses or benefiting from gains per statutory provisions The Council uses the Account to manage premiums paid on the early redemption of loans Premiums are debited to the CIampES when they are incurred but reversed out of the General Fund HRA Balance to the Account in the Movement in Reserves Statement Over time the expense is posted back to the General Fund HRA Balance in accordance with statutory arrangements for spreading the burden on council tax housing rents In the Councils case this period is the unexpired term that was outstanding on the loans when they were redeemed As a result the balance on the Account at 31 March 2016 will be charged to the General Fund over the next 39 years

201415 201516 pound000 pound000

(1753) Balance at 1 April (1527)

0 Premiums incurred in the year and charged to the CIampES 0

226 Proportion of premiums incurred in previous financial years to be charged 208 against the General Fund HRA Balance in accordance with statutory requirements

226 Amount by which finance costs charged to the CIampES are different from finance 208 costs chargeable in the year in accordance with statutory requirements

(1527) Balance at 31 March (1319)

54 Pensions Reserve

The Pensions Reserve absorbs the timing differences arising from the different arrangements for accounting for post employment benefits and for funding benefits in accordance with statutory provisions The Council accounts for post employment benefits in the CIampES as the benefits are earned by employees accruing years of service updating the liabilities recognised to reflect inflation changing assumptions and investment returns on any resources set aside to meet the costs However statutory arrangements require benefits earned to be financed as the Council makes employers contributions to pension funds or eventually pays any pensions for which it is directly responsible The debit balance on the Pensions Reserve therefore shows a substantial shortfall in the benefits earned by past and current employees and the resources the Council has set aside to meet them The statutory arrangements will ensure that funding will have been set aside by the time the benefits come to be paid

201415 201516 pound000 pound000

(215614) Balance at 1 April (280870)

(61955) Remeasurement of the net defined benefit liability (asset) 30181

(23917) Reversal of items relating to retirement benefits debited or credited to the Surplus (27978) Deficit on the Provision of Services in the CIampES

20616 Employers pensions contributions and direct payments to pensioners payable In the year 21949

(280870) Balance at 31 March (256718)

55 Accumulated Absences Account

The Accumulated Absences Account absorbs the differences that would otherwise arise on the General Fund HRA Balance from accruing for compensated absences earned but not taken in the year eg annual leave entitlement carried forward at 31 March Statutory arrangements require that the impact on the General Fund HRA Balance is neutralised by transfers to or from the Account

201415 201516 pound000 pound000


1510 Settlement or cancellation of accrual made at the end of the preceding year 2250

(2250) Amounts accrued at the end of the current year (1564)

(740) Amount by which officer remuneration charged to the CIampES on an accruals 686 basis is different from remuneration chargeable in the year chargeable in the year in accordance with statutory requirements


-39shy


56 Cash Flow Statement - Adjustment to net surplus deficit on the provision of services for non cash movements

201415 201516 pound000 pound000

(27189) Depreciation and impairment of non current assets (28261) (37) Amortisation of intangible assets (34)

(129) (Decrease) Increase in inventories 24 4704 Increase (Decrease) in debtors and current intangible assets (4935)

(2533) (Increase) Decrease in creditors 185 (3300) Transfer to (from) pensions reserve (6029)

713 Transfer from (to) provisions (568) 9 Amortisation of borrowing 31

(2301) Carrying amount of non-current assets sold (4129)

(30063) (43716)

57 Cash Flow Statement - Adjustment for items included in the net surplus or deficit on the provision of services that are investing and financing activities

201415 201516 pound000 pound000

2287 Proceeds from sale of non current assets 3908 10898 Capital Grants and Contributions credited to income and expenditure 13046 (1017) Revenue Expenditure funded from capital under statute (148365)

12168 (131411)

58 Cash Flow Statement - Operating Activities

The cash flows for operating activities include the following items

201415 201516 pound000 pound000

(264) Interest received (177) 10381 Interest paid 15301

59 Cash Flow Statement - Investing Activities

201415 201516 pound000 pound000

49690 Purchase of property plant equipment investment property and intangible assets 63061

0 Purchase of short-term and long-term investments 0

5155 Other payments of investing activities 155806

(2287) Proceeds from the sale of property plant equipment investment property and (3908) intangible assets

(17000) Proceeds from short-term and long-term investments (10700)

(15181) Other receipts from investing activities (20361)

20377 Net cash flows from investing activities 183898

60 Cash Flow Statement - Financing Activities

201415 201516 pound000 pound000

(9603) Cash receipts of short-term and long-term borrowing (157339)

0 Other receipts from financing activities (1961)

1137 Cash payments for the reduction of the outstanding liabilities relating to finance 5388 leases and on-balance sheet PFI contracts

3525 Repayments of short-term and long-term borrowing 2178

1459 Other payments of financing activities 0

(3482) Net cash flows from financing activities (151734)

-40shy


61 Grant Income

The Council credited the following grants contributions and donations to the CIampES

201415 201516 Credited to Taxation and Non Specific Grant Income pound000 pound000

Non Domestic Rates 42247 38801 Revenue Support Grant 132961 131711 Outcome Agreement Grant 1313 1316 Major Repairs Allowance Grant 7550 7561 General Capital Grant 1123 1164 Transport Grant 402 164 Schools Building Improvement Grant 46 6 21st Century Schools 0 1319 Collaborative Change Programme 0 974 Substance Misuse Action Fund 0 11 Flying Start 0 144 Gypsy amp Travellers Site Grant 85 40 Vibrant and Viable Places Regeneration 228 142 Road Safety Grant 100 83 Local Transport fund 220 235 Schools Challenge Cymru Grant 395 379 Flintshire - ERDF 59 6

- Taith 22 0 Other Capital Grants and Contributions 519 676

187270 184732

Credited to Services W elsh Government - General Capital Grant 980 967

Housing Renewal Specific Grant 852 852 Eco Arbed Projects 0 416 W aste Strategy Grant 2718 2787 Supporting People Grant 5540 4981 Education Improvement Grant 4904 4903 Contaminated Land Remediation grant 0 400 Post 16 Provision in schools 1687 1535 Flying Start 2851 3144 Concessionary Fares re-imbursement grant 2910 2704 Substance Misuse Action Fund 5884 5470 Families First PION 1851 1851 Vibrant amp Viable Places Regeneration 849 3852 Other 5287 3704

Department of W ork and Pensions 43281 43306 Other 13625 13716

93219 94588

The Council has received a number of grants contributions and donations that have yet to be recognised as income as they have conditions attached to them that may require the monies or property to be returned to the giver The balances at the year end are as follows

31032015 31032016 Current Liabilities pound000 pound000

Grants Receipt in Advance - Capital W elsh Government Transport Grant 99 0

Schools Challenge Cymru 76 28 Local Regeneration Fund 21 21 Eco Arbed Projects 0 252 Other 8 2

Other Heritage Lottery Fund 122 85 Other 22 12

348 400

Grants Receipt in Advance - Revenue W elsh Government - Funding for Broadcasting Council Meetings and Community 4 4

Council W ebsites Local Transport Grant 0 67 Other 0 16

Department of W ork and Pensions 804 35 Lead Local Authorities - NOVUS Project 59 0

Lead amp Emerging Schools 12 6 Other 20 17

899 145

-41shy


62 Amounts Reported for Resource Allocation Decisions

The analysis of income and expenditure by service on the face of the CIampES is that specified by the Service Reporting Code of Practice However decisions about resource allocation are taken by the Councils Executive Board on the basis of budget monitoring reports analysed across departments These reports are prepared on a different basis from the accounting policies used in the financial statements In particular

- no charges are made in relation to capital expenditure (whereas depreciation revaluation and impairment losses in excess of the balance on the Revaluation Reserve and amortisations are charged to services in the CIampES)

- the cost of retirement benefits is based on cash flows (payment of employers pension contributions) rather than current service cost of benefits accrued in the year

- expenditure on some support services is budgeted for centrally and not charged to departments

The income and expenditure of the Councils principal departments recorded in the budget reports for the year is as follows

Departmental Income and Expenditure 201516

Housing Public Children amp Protection amp

Young People Adult Social Environment Corporate Other (incl schools) Care (excl HRA) amp Central Services Total

pound000 pound000 pound000 pound000 pound000 pound000

Fees Charges amp Other Service Income (10496) (12225) (14478) (1739) (15279) (54217) Grants and Contributions (20836) (3793) (52814) (4943) (3857) (86243)

Total Income (31332) (16018) (67292) (6682) (19136) (140460)

Employee expenses 80054 17499 13943 1176 24903 137575 Employee expenses of VA amp Foundation schools 11691 0 0 0 0 11691 Other service expenses 25664 36607 83669 39907 15545 201392 Support Service recharges 9161 140 375 277 464 10417

Total Expenditure 126570 54246 97987 41360 40912 361075

Net Expenditure 95238 38228 30695 34678 21776 220615

Departmental Income and Expenditure 201415 Comparative figures





Total Income (32737) (16343) (64978) (7048) (20474) (141580)



Net Expenditure 95151 41155 30564 35470 22401 224741

The above analysis includes the income and expenditure of all schools However as the employees of Foundation and Voluntary Aided schools are not employees of the Council then these costs are separately identified

Reconciliation of Departments Income and Expenditure to Cost of Services in the CIampES

This reconciliation shows how the figures in the departmental analysis of income and expenditure relate to the amounts included in the CIampES

201415 201516 pound000 pound000

Net expenditure in the Department Analysis 224741 220615

Net expenditure of services and support services not included in the Analysis 72 1425

Amounts in the CIampES not reported to the Executive Board in the Analysis 27234 178045

Amounts included in the Analysis not included in the CIampES (41815) (56813)

Cost of Services in CIampES 210232 343272

-42shy


62 Amounts Reported for Resource Allocation Decisions contd

Reconciliation to Subjective Analysis

This reconciliation shows how the figures in the analysis of departmental income and expenditure relate to a subjective analysis of the Surplus or Deficit on the Provision of Services included in the CIampES

201516 Dep

artm

enta

lA

naly

sis

Ser

vice

s an

dS

uppo

rtS

ervi

ces

not i

nA

naly

sis

Am

ount

s no

tre

port

ed to

Exe

cutiv

e B

oard

for

deci

sion

mak

ing

Am

ount

s no

tin

clud

ed in

the

CIamp

ES

Allo

catio

n of

Rec

harg

es

Cos

t of S

ervi

ces

Cor

pora

teA

mou

nts

Tot

al

pound000 pound000 pound000 pound000 pound000 pound000 pound000 pound000

Fees Charges amp Other Service Income (54217) (51025) (175) 6453 22857 (76107) 0 (76107) Interest and Investment Income 0 0 0 0 0 0 (14722) (14722) Income from Council Tax 0 0 0 0 0 0 (67503) (67503) Grants and Contributions (86243) (753) (7642) 0 50 (94588) (184732) (279320)

Total Income (140460) (51778) (7817) 6453 22907 (170695) (266957) (437652)

Employee expenses 137575 11193 0 (1642) (2590) 144536 0 144536 Employee expenses of VA amp Foundation 11691 0 0 0 0 11691 0 11691 schools Other service expenses 201392 40597 155863 (61624) (8486) 327742 0 327742 Support service recharges 10417 1413 1 0 (11831) 0 0 0 Depreciationamortisation and impairment 0 0 28295 0 0 28295 0 28295 Interest payments 0 0 0 0 0 0 40018 40018 Precepts amp Levies 0 0 0 0 0 0 21183 21183 Other 0 0 0 0 0 0 332 332 Gain or Loss on Disposal of Non Current 0 0 0 0 0 0 222 222 Assets

Total Expenditure 361075 53203 184159 (63266) (22907) 512264 61755 574019

Surplus or deficit on the provision 220615 1425 176342 (56813) 0 341569 (205202) 136367 of services

201415 Comparatives


Total Income (141580) (53047) (5259) 6012 25493 (168381) (269935) (438316)

Employee expenses 137478 10680 50 (3119) (2792) 142297 0 142297 Employee expenses of VA amp Foundation 11881 0 0 (37) 9 11853 0 11853 schools Other service expenses 205307 41019 5190 (44671) (9608) 197237 0 197237 Support service recharges 11655 1420 27 0 (13102) 0 0 0 Depreciationamortisation and impairment 0 0 27226 0 0 27226 0 27226 Interest payments 0 0 0 0 0 0 36720 36720 Precepts amp Levies 0 0 0 0 0 0 20556 20556 Other 0 0 0 0 0 0 336 336 Gain or Loss on Disposal of Non Current 0 0 0 0 0 0 15 15 Assets


Surplus or deficit on the provision 224741 72 27234 (41815) 0 210232 (212308) (2076) of services

-43shy


63 Accounting Policies

The Statement of Accounts summarises the Councilrsquos transactions for the 201516 financial year and its position at the year-end of 31 March 2016 The Council is required to prepare an annual Statement of Accounts by the Accounts and Audit (Wales) Regulations 2014 which require the accounts to be prepared in accordance with the proper accounting practices These practices primarily comprise the Code of Practice on Local Authority Accounting in the United Kingdom 201516 and the Service Reporting Code of Practice 201516 supported by International Financial Reporting Standards (IFRS)

The accounting convention adopted in the Statement of Accounts is principally historical cost modified by the revaluation of certain categories of non-current assets and financial instruments

1 ACCRUALS OF INCOME AND EXPENDITURE

Activity is accounted for in the year that it takes place not simply when cash payments are made or received In particular

a) Revenue from the sale of goods is recognised when the Council transfers the significant risks and rewards of ownership to the purchaser and it is probable that the economic benefits or service potential associated with the transaction will flow to the Council

b) Revenue from the provision of services is recognised when the Council can measure reliably the percentage of completion of the transaction and it is probable that economic benefits or service potential associated with the transaction will flow to the Council

c) Supplies are recorded as expenditure when they are consumed - where there is a gap between the date supplies are received and their consumption they are carried as inventories on the Balance Sheet

d) Expenses in relation to services received (including services provided by employees) are recorded as expenditure when the services are received rather than when payments are made

e) Interest receivable on investments and payable on borrowings is accounted for respectively as income and expenditure on the basis of the effective interest rate for the relevant financial instrument rather than cash flows fixed or determined by the contract

f) Where revenue and expenditure has been recognised but cash has not been received or paid a debtor or creditor for the relevant amount is recorded in the Balance Sheet Where debts may not be settled the balance of debtors is written down and a charge made to revenue for the income that might not be collected

2 CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours Cash equivalents are short-term highly liquid investments that are readily convertible to known amounts of cash with insignificant risk of change in value

In the Cash Flow Statement cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Councilrsquos cash management

3 PRIOR PERIOD ADJUSTMENTS CHANGES IN ACCOUNTING POLICIES AND ESTIMATES AND ERRORS

Prior period adjustments may arise as a result of a change in accounting policies or to correct a material error Changes in accounting estimates are accounted for prospectively ie in the current and future years affected by the change and do not give rise to a prior period adjustment

Changes in accounting policies are only made when required by proper accounting practices or the change provides more reliable or relevant information about the effect of transactions other events and conditions on the Councilrsquos financial position or financial performance When a change is made it is applied retrospectively (unless stated otherwise) by adjusting opening balances and comparative amounts for the prior period as if the new policy had always been applied

Material errors discovered in prior period figures are corrected retrospectively by amending opening balances and comparative amounts for the prior period

-44shy


4 CHARGES TO REVENUE FOR NON-CURRENT ASSETS

Services support services and trading accounts are debited with the following amounts to record the cost of holding assets during the year

bull depreciation attributable to the assets used by the relevant service bull revaluation and impairment losses on assets used by the service where there are no accumulated

gains in the Revaluation Reserve against which the losses can be written off bull amortisation of intangible assets attributable to the service

The Council is not required to raise Council tax to fund depreciation revaluation and impairment losses or amortisation However it is required to make an annual contribution from revenue towards the reduction in its overall borrowing requirement Depreciation revaluation and impairment losses and amortisations are therefore replaced by the contribution in the General Fund HRA Balance by way of an adjusting transaction with the Capital Adjustment Account in the Movement in Reserves Statement for the difference between the two

5 EMPLOYEE BENEFITS

Benefits Payable during Employment

Short-term employee benefits are those due to be settled within 12 months of the year-end They include such benefits as wages and salaries paid annual leave and paid sick leave bonuses and non-monetary benefits (eg cars) for current employees and are recognised as an expense for services in the year in which employees render service to the Council An accrual is made for the cost of holiday entitlements (or any form of leave eg time off in lieu) earned by employees but not taken before the year-end which employees can carry forward into the next financial year The accrual is made at the wage and salary rates applicable in the following accounting year being the period in which the employee takes the benefit The accrual is charged to Surplus or Deficit on the Provision of Services but then reversed out through the Movement in Reserves Statement so that holiday benefits are charged to revenue in the financial year in which the holiday absence occurs

Termination Benefits

Termination benefits are amounts payable as a result of a decision by the Council to terminate an officerrsquos employment before the normal retirement date or an officerrsquos decision to accept voluntary redundancy in exchange for those benefits They are charged on an accruals basis to the appropriate service or where applicable to the Non Distributed costs line in the CIampES at the earlier of when the Council can no longer withdraw the offer of those benefits or when the Council recognises costs for restructuring Where termination benefits involve the enhancement of pensions statutory provisions require the General Fund balance to be charged with the amount payable by the Council to the pension fund or pensioner in the year not the amount calculated according to the relevant accounting standards In the Movement in Reserves Statement appropriations are required to and from the Pensions Reserve to remove the notional debits and credits for pension enhancement termination benefits and replace them with debits for the cash paid to the pension fund and pensioners and any such amounts payable but unpaid at the year-end

Post Employment Benefits

Council employees are members of two separate pension schemes

bull The Teachersrsquo Pension Scheme administered by Capita Teachersrsquo Pensions bull The Local Government Pension Scheme administered by Flintshire County Council

Both schemes provide defined benefits to members (retirement lump sums and pensions) earned as employees when they worked for the Council However the arrangements for the Teachersrsquo scheme mean that liabilities for these benefits cannot be identified specifically to the Council The scheme is therefore accounted for as if it were a defined contribution scheme and no liability for future payments of benefits is recognised in the Balance Sheet The Childrenrsquos and Education Services line in the CIampES is charged with the employerrsquos contributions payable to the Teachersrsquo Pensions in the year

-45shy


The Local Government Pension Scheme

All other staff are entitled to become members of the Local Government Pension Scheme (Clwyd Pension Fund) which is administered by Flintshire County Council

The Local Government Scheme is accounted for as a defined benefit scheme

bull The liabilities of the Clwyd Pension Fund attributable to the Council are included in the Balance Sheet on an actuarial basis using the projected unit method ie an assessment of the future payments that will be made in relation to retirement benefits earned to date by employees based on assumptions about mortality rates employee turnover rates and projections of earning for current employees

bull Liabilities are discounted to their value at current prices using a discount rate based on the market yields at the reporting date on high quality corporate bonds

bull The assets of the Clwyd Pension Fund attributable to the Council are included in the Balance Sheet at their fair value as determined by the Fundrsquos actuary

o quoted securities ndash current bid price o unquoted securities ndash professional estimate o unitised securities ndash current bid price o property ndash market value

bull The change in the net pensions liability is analysed into the following components

o current service cost ndash the increase in liabilities as a result of years of service earned this year ndash allocated in the CIampES to the services for which the employees worked

o past service cost ndash the increase in liabilities as a result of a scheme amendment or curtailment whose effect relates to years of service earned in earlier years ndash debited to the Surplus or Deficit on the Provision of Services in the CIampES as part of Non Distributed Costs

o net interest on the net defined liability (asset) ie net interest expense for the Council ndash the change during the period in the net defined liability (asset) that arises from the passage of time charged to the Financing and Investment Income and Expenditure line of the CIampES ndash this is calculated by applying the discount rate used to measure the defined obligation at the beginning of the period to the net defined benefit liability (asset) at the beginning of the period ndash taking into account any changes in the net defined liability (asset) during the period as a result of contribution and benefit payments

o remeasurements comprising deg the return on plan assets ndash excluding amounts included in net interest on the net defined

liability (asset) ndash charged to the Pensions Reserve as Other Comprehensive Income and Expenditure

deg actuarial gains and losses ndash changes in the net pensions liability that arise because events have not coincided with assumptions made at the last actuarial valuation or because the actuaries have updated their assumptions ndash charged to the Pensions Reserve as Other Comprehensive Income and Expenditure

o contributions paid to the Clwyd Pension Fund ndash cash paid as employerrsquos contributions to the pension fund in settlement of liabilities not accounted for as an expense

In relation to retirement benefits statutory provisions require the General Fund HRA balance to be charged with the amount payable by the Council to the pension fund or directly to pensioners in the year not the amount calculated according to the relevant accounting standards In the Movement in Reserves Statement this means that there are transfers to and from the Pensions Reserve to remove the notional debits and credits for retirement benefits and replace them with debits for the cash paid to the pension fund and pensioners and any such amounts payable but unpaid at the year-end The negative balance that arises on the Pensions Reserve thereby measures the beneficial impact to the General Fund HRA of being required to account for retirement benefits on the basis of cash flows rather than as benefits are earned by employees

Discretionary Benefits

The Council also has restricted powers to make discretionary awards of retirement benefits in the event of early retirements Any liabilities estimated to arise as a result of an award to any member of staff (including teachers) are accrued in the year of the decision to make the award and accounted for using the same policies as are applied to the Local Government Pension Scheme

-46shy


6 EVENTS AFTER THE BALANCE SHEET DATE

Events after the Balance Sheet date are those events both favourable and unfavourable that occur between the end of the reporting period and the date when the Statement of Accounts is authorised for issue Two types of events can be identified

a) those that provide evidence of conditions that existed at the end of the reporting period ndash the Statement of Accounts is adjusted to reflect such events

b) those that are indicative of conditions that arose after the reporting period ndash the Statement of Accounts is not adjusted to reflect such events but where a category of events would have a material effect disclosure is made in the notes of the nature of the events and their estimated financial effect

Events taking place after the date of authorisation for issue are not reflected in the Statement of Accounts

7 FINANCIAL INSTRUMENTS


Financial liabilities are recognised on the Balance Sheet when the Council becomes a party to the contractual provisions of a financial instrument and are initially measured at fair value and carried at their amortised cost Annual charges to the Financing and Investment Income and Expenditure line in the CIampES for interest payable are based on the carrying amount of the liability multiplied by the effective rate of interest for the instrument The effective interest rate is the rate that exactly discounts estimated future cash payments over the life of the instrument to the amount at which it was originally recognised

For most of the Councilrsquos borrowings this means that the amount presented in the Balance Sheet is the outstanding principal repayable (plus accrued interest) and interest charged to the CIampES is the amount payable for the year as determined in the loan agreement

Gains and losses on the repurchase or early settlement of borrowing are credited or debited to the Financing and Investment Income and Expenditure line in the CIampES in the year of repurchase settlement However where repurchase has taken place as part of a restructuring of the loan portfolio which involves the modification or exchange of existing instruments the premium or discount is respectively deducted from or added to the amortised cost of the new or modified loan and the write down to the CIampES is spread over the life of the loan by an adjustment to the effective interest rate

Where premiums and discounts have been charged to the CIampES regulations allow the impact on the General Fund HRA to be spread over future years The Council has a policy of spreading the gain or loss over the term that was remaining on the loan against which premium was payable or discount receivable when it was repaid (except in the case of the HRA where credit debit is over the life of the original loan up to a maximum of ten years) The reconciliation of amounts charged to the CIampES to the net charge required against the General Fund HRA Balance is managed by a transfer to or from the Financial Instruments Adjustment Account in the Movement in Reserves Statement

Financial Assets

Financial assets are classified into two types

bull loans and receivables (such as investments long term and trade debtors) ndash assets that have fixed or determinable payments but are not quoted in an active market

bull available-for-sale assets ndash assets that have a quoted market price and or do not have fixed or determinable payments

Loans and receivables

Loans and receivables are recognised on the Balance Sheet when the Council becomes a party to the contractual provisions of a financial instrument and are initially measured at fair value They are subsequently measured at their amortised cost Annual credits to the Financing and Investment Income and Expenditure line in the CIampES for interest receivable are based on the carrying amount of the asset multiplied by the effective rate of interest for the instrument For most of the loans that the Council has made this means that the amount presented in the Balance Sheet is the outstanding principal receivable (plus accrued interest) and interest credited to the CIampES is the amount receivable for the year as determined in the loan agreement

-47shy


Where assets are identified as impaired because of a likelihood arising from a past event that payments due under the contract loan will not be made the asset is written down and a charge made to the relevant service (for receivables specific to that service) or the Financing and Investment Income and Expenditure line in the CIampES The impairment loss is measured as the difference between the carrying amount and the present value of the revised future cash flows discounted at the assetrsquos original effective interest rate

Any gains and losses that arise on derecognition of the asset are credited or debited to the Financing and Investment Income and Expenditure line in the CIampES

8 FOREIGN CURRENCY TRANSLATION

Where the Council has entered into a transaction denominated in a foreign currency the transaction is converted into sterling at the exchange rate applicable on the date the transaction was effective Where amounts in foreign currency are outstanding at the year-end they are re-converted at the spot exchange rate at 31 March Resulting gains or losses are recognised in the Finance and Investment Income and Expenditure line in the CIampES

9 GOVERNMENT GRANTS AND CONTRIBUTIONS

Whether paid on account by instalments or in arrears government grants and third party contributions and donations are recognised as due to the Council when there is reasonable assurance that

bull the Council will comply with the conditions attached to the payment And bull the grants and contributions will be received

Amounts recognised as due to the Council are not credited to the CIampES until conditions attached to the grant or contribution have been satisfied Conditions are stipulations that specify that the future economic benefits or service potential embodied in the asset in the form of the grant or contribution are required to be consumed by the recipient as specified or future economic benefits or service potential must be returned to the transferor

Monies advanced as grants and contributions for which conditions have not been satisfied are carried in the Balance Sheet as creditors When conditions are satisfied the grant or contribution is credited to the relevant service line (attributable revenue grants and contributions) or Taxation and Non-specific Grant Income and Expenditure (non-ringfenced revenue grants and all capital grants) in the CIampES

Where capital grants are credited to the CIampES they are reversed out of the General Fund HRA Balance in the Movement in Reserves Statement Where the grant has yet to be used to finance capital expenditure it is posted to the Capital Grants Unapplied reserve Where it has been applied it is posted to the Capital Adjustment Account Amounts in the Capital Grants Unapplied reserve are transferred to the Capital Adjustment Account once they have been applied to fund capital expenditure

10 HERITAGE ASSETS ndash Tangible and Intangible Heritage Assets

The Councilrsquos Heritage Assets are held in the Wrexham County Borough Museum at the Bersham Heritage Centre archaeological sites in the County Borough and at the Guildhall in Wrexham Heritage assets which are held in support of the primary objective of the Councilrsquos Heritage Service ie increasing the knowledge understanding and appreciation of the Councilrsquos history and local area Heritage Assets are recognised and measured (including the treatment of revaluation gains and losses) in accordance with the Councilrsquos accounting policies on Property Plant amp Equipment However some of the measurement rules are relaxed in relation to heritage assets as detailed below The accounting policies in relation to heritage assets that are deemed to include elements of intangible heritage assets are also presented below

a) Civic Regalia

The collection of civic regalia includes mayoral chains and badges and a mace These items are reported in the Balance Sheet at insurance valuation by Bonhams of Chester in November 2012

-48shy


b) Museum Object Collection

Archaeology

The archaeological artefacts collection includes a small number of items Two of which are reported in the Balance Sheet the Llay Hoard of coins are valued at insurance valuation (reviewed on an annual basis) and the Rossett Hoard purchased in 2003 is included at historical cost

Social History

The social history collection aims to represent the daily life of the people of Wrexham County Borough Themes covered by the collection include the home religion work life sports and leisure pursuits the stages of life health local clubs and societies The collection includes a small number of items of antique silver and mayoral items and are reported in the Balance Sheet at cost or insurance valuation the latest of which was provided by Bonhams of Chester in December 2012 These insurance valuations are reviewed on an annual basis

Industrial and Economic History

Clocks and Watches

These are reported in the Balance Sheet at insurance valuation based on market values the latest of which were provided by Bonhams of Chester in December 2012 These insurance valuations are reviewed on an annual basis

Miscellaneous Objects

The collection includes an Edwardian numismatic cabinet and a Powell Brothers motorbike which have been valued at insurance valuation and reviewed annually

Fine and Decorative Art

The art collection includes paintings prints etchings and works of art and is reported in the Balance Sheet at insurance valuation based on market value the latest of which was provided by Bonhams of Chester in December 2012 There is a five yearly programme of valuations

Natural History

The museum currently holds a small collection of natural history objects in the form of preserved zoology and geology

Military History

The medals collection is reported in the Balance Sheet at insurance valuation based on market values the latest of which was provided by Bonhams of Chester in December 2012 These valuations are reviewed on an annual basis

Welsh Football Collection

The football collection includes the John Charles collection and other Welsh football items These are reported in the Balance Sheet at insurance valuation based on market values the latest of which was provided by Bonhams of Chester in December 2012

c) Archaeological Sites

Sites include Bersham Colliery and Headgear Minera Lead Mines Holt Castle Sections of Offarsquos Dyke at Wrexham Crematorium Ruabon High School and of Wattrsquos Dyke at Wattrsquos Dyke School Garden Village and Wrexham Cemetery

-49shy


d) Statuary and Monuments

In the opinion of the Council statuary and monuments cannot be valued because of their diverse and often unique nature With the exception of Y Bwa which is recognised at historical cost cost information is not available and conventional valuation approaches lack sufficient reliability

e) Site of Special Scientific Interest (SSSI) ndash Stryt Las Johnstown

In the opinion of the Council the SSSI cannot be valued because of its unique nature Cost information is not available and conventional valuation approaches lack sufficient reliability

Heritage Assets ndash General

It is the Councilrsquos opinion that due to the indeterminate life of Heritage Assets and often significant residual values that the charging of depreciation would not be appropriate as it would be negligible and therefore not material When Heritage Assets are acquired for the collection they are recognised at cost donations being recognised at valuation the valuations are provided by internal valuers where appropriate or externally where the expertise is not held within the Council Where considered apposite future valuations are carried out by external valuers with reference to commercial markets or using the most relevant and recent information from sales and auctions For other items in the collection the Council considers that obtaining valuations would involve a disproportionate cost in comparison to the benefits to the users of the Councilrsquos financial statements

The carrying amounts of heritage assets are reviewed where there is evidence of impairment for heritage assets eg where an item has suffered physical deterioration or breakage or where doubts arise as to its authenticity Any impairment is recognised and measured in accordance with the Councilrsquos general policies on impairment ndash see note 19 on pages 53 to 55 in this summary of significant accounting policies The Heritage Service will occasionally dispose of heritage assets which have a doubtful provenance or are unsuitable for public display The proceeds of such items are accounted for in accordance with the Councilrsquos general provisions relating to the disposal of Property Plant amp Equipment Disposal proceeds are disclosed separately in the notes to the financial statements and are accounted for in accordance with statutory accounting requirements relating to capital expenditure and capital receipts (again see note 19 on pages 53 to 55 in this summary of significant accounting policies

11 INTANGIBLE ASSETS

Expenditure on non-monetary assets that do not have physical substance but are controlled by the Council as a result of past events (eg software licences) is capitalised when it is expected that future economic benefits or service potential will flow from the intangible asset to the Council

Internally generated assets are capitalised where it is demonstrable that the project is technically feasible and is intended to be completed (with adequate resources being available) and the Council will be able to generate future economic benefits or deliver service potential by being able to sell or use the asset Expenditure is capitalised where it can be measured reliably as attributable to the asset and is restricted to that incurred during the development phase (research expenditure cannot be capitalised) Expenditure on the development of websites is not capitalised if the website is solely or primarily intended to promote or advertise the Councilrsquos goods or services

Intangible assets are measured initially at cost Amounts are only revalued where the fair value of the assets held by the Council can be determined by reference to an active market In practice no intangible asset held by the Council meets the criterion and they are therefore carried at amortised cost The depreciable amount of an intangible asset is amortised over its useful life to the relevant service line(s) in the CIampES An asset is tested for impairment whenever there is an indication that the asset might be impaired ndash any losses recognised are posted to the relevant service line(s) in the CIampES Any gain or loss arising on the disposal or abandonment of an intangible asset is posted to the Other Operating Expenditure line in the CIampES

Where expenditure on intangible assets qualifies as capital expenditure for statutory purposes amortisation impairment losses and disposal gains and losses are not permitted to have an impact on the General Fund HRA Balance The gains and losses are therefore reversed out of the General Fund HRA Balance in the Movement in Reserves Statement and posted to the Capital Adjustment Account and (for any sale proceeds greater than pound10k) the Usable Capital Receipts Reserve

-50shy


12 INTEREST IN COMPANIES AND OTHER ENTITIES

The Council has material interests in companies and other entities that have the nature of subsidiaries and jointly controlled entities The Council is therefore required to prepare Group accounts unless the overall impact on the Group accounts is not material The Council reviews annually the extent to which other entities (over which the Council has a controlling interest) need to be consolidated into Group accounts In the Councilrsquos own single-entity accounts the interests in companies and other entities are recorded as financial assets at cost less any provision for losses

13 LOCAL AUTHORITY SCHOOLS

The Council does not include schoolsrsquo property plant and equipment in its Balance Sheet where it does not own or have significant control over the economic benefits of these assets This means that property plant and equipment of Voluntary Controlled and Voluntary Aided schools are not recognised on the Councilrsquos Balance Sheet whereas the property plant and equipment of community and foundation schools are recognised on its Balance Sheet The income and expenditure for all schools is included within the CIampES and any unspent resources held by schools are included within earmarked reserves in the Councilrsquos Balance Sheet

14 INVENTORIES AND LONG TERM CONTRACTS

Stock and stores held at the year-end are recorded at cost price except for the stores held at Abbey Road Depot where the stores are held at average cost price This is a departure from the requirements of the Code which require stocks to be shown at the lower of cost and net realisable value However the amounts concerned are not considered material

Long term contracts are accounted for on the basis of charging the Surplus or Deficit on the Provision of Services with the value of works and services received under the contract during the financial year

15 INVESTMENT PROPERTY

Investment properties are those that are used solely to earn rentals and or for capital appreciation The definition is not met if the property is used in any way to facilitate the delivery of services or production of goods or is held for sale

Investment properties are measured initially at cost and subsequently at fair value being the price that would be received to sell such an asset in an orderly transaction between market participants at the measurement date As a non-financial asset investment properties are measured at highest and best use Properties are not depreciated but are revalued annually according to market conditions at the year-end Gains and losses on revaluation are posted to the Financing and Investment Income and Expenditure line in the CIampES The same treatment is applied to gains and losses on disposal

Rentals received in relation to investment properties are credited to the Financing and Investment Income line and result in a gain for the General Fund Balance However revaluation and disposal gains and losses are not permitted by statutory arrangements to have an impact on the General Fund Balance The gains and losses are therefore reversed out of the General Fund Balance in the Movement in Reserves Statement and posted to the Capital Adjustment Account and (for any sale proceeds greater than pound10k) the Usable Capital Receipts Reserve

16 JOINT OPERATIONS

Joint operations are arrangements where the parties that have joint control of the arrangement have rights to the assets and obligations for the liabilities relating to the arrangement The activities undertaken by the Council in conjunction with other joint operators involve the use of the assets and resources of those joint operators In relation to its interest in a joint operation the Council as a joint operator recognises

bull its assets including its share of any assets held jointly bull its liabilities including its share of any liabilities incurred jointly bull its revenue from the sale of its share of the output arising from the joint operation bull its share of the revenue from the sale of the output by the joint operation bull its expenses including its share of any expenses incurred jointly

-51shy


17 LEASES

Leases are classified as finance leases where the terms of the lease transfer substantially all the risks and rewards incidental to ownership of the property plant or equipment from the lessor to the lessee All other leases are classified as operating leases Where a lease covers both land and buildings the land and buildings elements are considered separately for classification

Arrangements that do not have the legal status of a lease but convey a right to use an asset in return for payment are accounted for under this policy where fulfilment of the arrangement is dependent on the use of specific assets

The Council as Lessee

Finance Leases

Property Plant amp Equipment held under finance leases is recognised on the Balance Sheet at the commencement of the lease at its fair value measured at the leasersquos inception (or the present value of the minimum lease payments if lower) The asset recognised is matched by a liability for the obligation to pay the lessor Initial direct costs of the Council are added to the carrying amount of the asset Premiums paid on entry into a lease are applied to writing down the lease liability Contingent rents are charged as expenses in the periods in which they are incurred

Lease payments are apportioned between

a) a charge for the acquisition of the interest in the property plant or equipment ndash applied to write down the lease liability and

b) a finance charge (debited to the Financing and Investment Income and Expenditure line in the CIampES)

Property Plant amp Equipment recognised under finance leases is accounted for using the policies applied generally to such assets subject to depreciation being charged over the lease term if this is shorter than the assetrsquos estimated useful life (where ownership of the asset does not transfer to the Council at the end of the lease period)

The Council is not required to raise council tax to cover depreciation or revaluation and impairment losses arising on leased assets Instead a prudent annual contribution is made from revenue funds towards the deemed capital investment in accordance with statutory requirements Depreciation and revaluation and impairment losses are therefore substituted by a revenue contribution in the General Fund HRA Balance by way of an adjusting transaction with the Capital Adjustment Account in the Movement in Reserves Statement for the difference between the two

Operating Leases

Rentals paid under operating leases are charged to the CIampES as an expense of the services benefitting from use of the leased property plant or equipment Charges are made on a straight line basis over the life of the lease even if this does not match the pattern of payments (eg there is a rent-free period at the commencement of the lease)

The Council as Lessor

Finance Leases

Where the Council grants a finance lease over a property or an item of plant or equipment the relevant asset is written out of the Balance Sheet as a disposal At the commencement of the lease the carrying amount of the asset in the Balance Sheet (whether Property Plant amp Equipment or Assets Held for Sale) is written off to the Other Operating Expenditure line in the CIampES as part of the gain or loss on disposal A gain representing the Councilrsquos net investment in the lease is credited to the same line in the CIampES also as part of the gain or loss on disposal (ie netted off against the carrying value of the asset at the time of the disposal) matched by a lease (long-term debtor) asset in the Balance Sheet

Lease rentals receivable are apportioned between

a) a charge for the acquisition of the interest in the property ndash applied to write down the lease debtor (together with any premiums received) and

b) finance income (credited to the Finance and Investment Income and Expenditure line in the CIampES)

-52shy


The gain credited to the CIampES on disposal is not permitted by statute to increase the General Fund Balance and is required to be treated as a capital receipt Where a premium has been received this is posted out of the General Fund Balance to the Usable Capital Receipts Reserve in the Movement in Reserves Statement Where the amount due in relation to the lease asset is to be settled by the payment of rentals in future financial years this is posted out of the General Fund Balance to the Deferred Capital Receipts Reserve in the Movement in Reserves Statement When future rentals are received the element for the capital receipt for the disposal of the asset is used to write down the lease debtor At this point the deferred capital receipts are transferred to the Usable Capital Receipts Reserve

The written-off value of disposals is not a charge against council tax as the cost of non-current assets is fully provided for under separate arrangements for capital financing Amounts are therefore appropriated to the Capital Adjustment Account from the General Fund Balance in the Movement in Reserves Statement

Operating Leases

Where the Council grants an operating lease over a property or an item of plant or equipment the asset is retained in the Balance Sheet Rental income is credited to the Other Operating Expenditure line in the CIampES Credits are made on a straight-line basis over the life of the lease even if this does not match the pattern of payments (eg there is a premium paid at the commencement of the lease) Initial direct costs incurred in negotiating and arranging the lease are added to the carrying amount of the relevant asset and charged as an expense over the lease term on the same basis as rental income

18 OVERHEADS AND SUPPORT SERVICES

The costs of overheads and support services are charged to those that benefit from the supply or service in accordance with the costing principles of the CIPFA Service Reporting Code of Practice 201516 (SeRCOP) The total absorption costing principle is used ndash the full cost of overheads and support services are shared between users in proportion to the benefits received with the exception of

bull Corporate and Democratic Core ndash costs relating to the Councilrsquos status as a multi-functional democratic organisation

bull Non Distributed Costs ndash the cost of discretionary benefits awarded to employees retiring early and impairment losses chargeable on Assets Held for Sale

These two cost categories are defined in SeRCOP and accounted for as separate headings in the CIampES as part of Net Expenditure on Continuing Services

19 PROPERTY PLANT and EQUIPMENT

Assets that have physical substance and are held for use in the production or supply of goods or services for rental to others or for administrative purposes and that are expected to be used during more than one financial year are classified as Property Plant and Equipment

Recognition

Expenditure on the acquisition creation or enhancement of Property Plant and Equipment is capitalised on an accruals basis provided that it is probable that the future economic benefits or service potential associated with the item will flow to the Council and the cost of the item can be measured reliably Expenditure that maintains but does not add to an assetrsquos potential to deliver future economic benefits or service potential (ie repairs and maintenance) is charged as an expense when it is incurred

Measurement

Assets are initially measured at cost comprising

bull the purchase price bull any costs attributable to bringing the asset to the location and condition necessary for it to be capable of

operating in the manner intended by management

The Council does not capitalise borrowing costs incurred whilst assets are under construction

-53shy


The cost of assets acquired other than by purchase is deemed to be its fair value unless the acquisition does not have commercial substance (ie it will not lead to a variation in the cash flows of the Council) In the latter case where an asset is acquired via an exchange the cost of the acquisition is the carrying amount of the asset given up by the Council

Donated assets are measured initially at fair value The difference between fair value and any consideration paid is credited to the Taxation and Non-Specific Grant Income and Expenditure line of the CIampES unless the donation has been made conditionally Until conditions are satisfied the gain is held in the Donated Assets Account Where gains are credited to the CIampES they are reversed out of the General Fund Balance to the Capital Adjustment Account in the Movement in Reserves Statement

Assets are then carried in the Balance Sheet using the following measurement bases

bull infrastructure and assets under construction ndash depreciated historical cost bull dwellings ndash current value determined using the basis of existing use value for social housing (EUV-SH) bull council offices ndash current value determined as the amount that would be paid for the asset in its existing

use (existing use value ndash EUV) except for a few offices that are situated close to the councilrsquos housing properties where there is no market for office accommodation and that are measured at depreciated replacement cost (instant build) as an estimate of current value

bull school buildings ndash current value but because of their specialist nature are measured at depreciated replacement cost which is used as an estimate of current value

bull surplus assets ndash the current value measurement base is fair value estimated at highest and best use from a market participantrsquos perspective

bull all other assets ndash current value determined as the amount that would be paid for the asset in its existing use (existing use value ndash EUV)

Where there is no market-based evidence of current value because of the specialist nature of an asset depreciated replacement cost (DRC) is used as an estimate of current value

Where non-property assets that have short useful lives or low values (or both) depreciated historical cost basis is used as a proxy for current value

Assets included in the Balance Sheet at current value are revalued sufficiently regularly to ensure that their carrying amount is not materially different from their current value at the year-end but as a minimum every five years Increases in valuations are matched by credits to the Revaluation Reserve to recognise unrealised gains Exceptionally gains might be credited to the CIampES where they arise from the reversal of a loss previously charged to a service

Where decreases in value are identified they are accounted for by

bull where there is a balance of revaluation gains for the asset in the Revaluation Reserve the carrying amount of the asset is written down against that balance (up to the amount of the accumulated gains)

bull where there is no balance in the Revaluation Reserve or an insufficient balance the carrying amount of the asset is written down against the relevant service line(s) in the CIampES

The Revaluation Reserve contains revaluation gains recognised since 1 April 2007 only the date of its formal implementation Gains arising before the date have been consolidated into the Capital Adjustment Account

Impairment

Assets are assessed at each year-end as to whether there is any indication that an asset may be impaired Where indications exist and any possible differences are estimated to be material the recoverable amount of the asset is estimated and where there is less than the carrying amount of the asset an impairment loss is recognised for the shortfall

Where impairment losses are identified they are accounted for by



Where an impairment loss is reversed subsequently the reversal is credited to the relevant service line(s) in the CIampES up to the amount of the original loss adjusted for depreciation that would have been charged if the loss had not been recognised

-54shy


Depreciation

Depreciation is provided for on all Property Plant amp Equipment assets by the systematic allocation of their depreciable amounts over their useful lives An exception is made for assets without a determinable finite useful life (ie freehold land and certain Community Assets) and assets that are not yet available for use (ie assets under construction) Depreciation is calculated on the following bases

bull dwellings and other buildings ndash straight-line allocation over the useful life of the property as estimated by the valuer

bull vehicles plant furniture and equipment ndash straight-line allocation over the useful life of the asset estimated to be 5 years for general vehicles plant furniture and equipment and 20 years for solar panels

bull infrastructure ndash straight-line allocation over a period of 50 years

Where an item of Property Plant amp Equipment has major components whose cost is significant in relation to the total cost of the item the components are depreciated separately

Revaluation gains are also depreciated with an amount equal to the difference between current value depreciation charged on assets and the depreciation that would have been chargeable based on their historical cost being transferred each year from the Revaluation Reserve to the Capital Adjustment Account

Disposals and Non-current Assets Held for Sale

When it becomes probable that the carrying amount of an asset will be recovered principally through a sale transaction rather than through its continuing use it is reclassified as an Asset Held for Sale The asset is revalued immediately before reclassification and then carried at the lower of this amount and fair value less costs to sell Where there is a subsequent decrease to fair value less costs to sell the loss is posted to the Other Operating Expenditure line in the CIampES Gains in fair value are recognised only up to the amount of any previous losses recognised in the Surplus or Deficit on Provision of Services Depreciation is not charged on Assets Held for Sale

If assets no longer meet the criteria to be classified as Assets Held for Sale they are reclassified back to nonshycurrent assets and valued at the lower of their carrying amount before they were classified as held for sale adjusted for depreciation amortisation or revaluations that would have been recognised had they not been classified as held for sale and their recoverable amount at the date of the decision not to sell

Assets that are to be abandoned or scrapped are not reclassified as Assets Held for Sale

When an asset is disposed of or decommissioned the carrying amount of the asset in the Balance Sheet (whether Property Plant amp Equipment or Assets Held for Sale) is written off to the Other Operating Expenditure line in the CIampES as part of the gain or loss on disposal Receipts from disposals (if any) are credited to the same line in the CIampES also as part of the gain or loss on disposal (ie netted off against the carrying value of the asset at the time of disposal) Any revaluation gains accumulated for the asset in the Revaluation Reserve are transferred to the Capital Adjustment Account

Amounts received for a disposal in excess of pound10k are categorised as capital receipts The balance of receipts is required to be credited to the Usable Capital Receipts Reserve and can then only be used for new capital investment or set aside to reduce the Councilrsquos underlying need to borrow (the capital financing requirement) Receipts are appropriated from the General Fund HRA Balance in the Movement in Reserves Statement

The written-off value of disposals is not a charge against council tax housing rents as the cost of non-current assets is fully provided for under separate arrangements for capital financing Amounts are appropriated to the Capital Adjustment Account from the General Fund HRA Balance in the Movement in Reserves Statement

20 PRIVATE FINANCE INITIATIVE (PFI) AND SIMILAR CONTRACTS

PFI and similar contracts are agreements to receive services where the responsibility for making available the property plant and equipment needed to provide the services passes to the PFI contractor As the Council is deemed to control the services that are provided under its PFI schemes and as ownership of the property plant and equipment will pass to the Council at the end of the contract for no additional charge the Council carries the assets used under the contracts on its Balance Sheet as part of Property Plant amp Equipment

-55shy


The original recognition of these assets at fair value (based on the cost to purchase the property plant and equipment) was balanced by the recognition of a liability for amounts due to the scheme operator to pay for the capital investment For the Councilrsquos Waste Management scheme the liability was written down by an initial capital contribution of pound169m for Phase I which became operational during September 2009 and pound163m for Phase II which became operational during July 2015

Non-current assets recognised on the Balance Sheet are revalued and depreciated in the same way as property plant and equipment owned by the Council

The amount payable to the PFI operator each year is analysed into five elements

bull fair value of the services received during the year ndash debited to the relevant service in the CIampES bull finance cost ndash an interest charge of 126 on the outstanding Balance Sheet liability debited to the

Financing and Investment Income and Expenditure line in the CIampES bull contingent rent ndash increases in the amount to be paid for the property arising during the contract debited to

the Financing and Investment Income and Expenditure line in the CIampES bull payment towards liability ndash applied to write down the Balance Sheet liability towards the PFI operator (the

profile of write-downs is calculated using the same principles as for a finance lease) bull lifecycle replacement costs ndash proportion of the amounts payable is posted to the Balance Sheet as a

prepayment and then recognised as additions to Property Plant and Equipment when the relevant works are eventually carried out

21 PROVISIONS CONTINGENT LIABILITIES AND CONTINGENT ASSETS

Provisions

Provisions are made where an event has taken place that gives the Council a legal or constructive obligation that probably requires settlement by a transfer of economic benefits or service potential and a reliable estimate can be made of the amount of the obligation Provisions are charged as an expense to the appropriate service line in the CIampES in the year that the Council becomes aware of the obligation and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation taking into account relevant risks and uncertainties

When payments are eventually made they are charged to the provision carried in the Balance Sheet Estimated settlements are reviewed at the end of each financial year and where it becomes likely that a payment will not be required the provision is reversed and credited back to the relevant service Where some or all of the payment required to settle a provision is expected to be recovered from another party (eg from an insurance claim) this is only recognised as income for the relevant service if it is virtually certain that reimbursement will be received if the Council settles the obligation

Contingent Liabilities

A contingent liability arises where an event has taken place that gives the Council a possible obligation whose existence will only be confirmed by the occurrence or otherwise of uncertain future events not wholly within the control of the Council Contingent liabilities also arise in circumstances where a provision would otherwise be made but either it is not probable that an outflow of resources will be required or the amount of the obligation cannot be measured reliably

Contingent liabilities are not recognised in the Balance Sheet but disclosed in a note to the accounts

Contingent Assets

A contingent asset arises where an event has taken place that gives the Council a possible asset whose existence will only be confirmed by the occurrence or otherwise of uncertain future events not wholly within the control of the Council Contingent assets are not recognised in the Balance Sheet but disclosed in a note to the accounts where it is probable that there will be an inflow of economic benefits or service potential

22 RESERVES

The Council sets aside specific amounts as reserves for future policy purposes or to cover contingencies Reserves are created by appropriating amounts out of the General Fund HRA Balance in the Movement in Reserves Statement When expenditure to be financed from a reserve is incurred it is charged to the appropriate service in that year to score against the Surplus or Deficit on the Provision of Services in the CIampES

-56shy


The reserve is then appropriated back into the General Fund HRA Balance in the Movement in Reserves Statement so that there is no net charge against council tax HRA rents for the expenditure Certain reserves are kept to manage the accounting processes for non-current assets financial instruments retirement and employee benefits and do not represent usable resources for the Council ndash these reserves are explained in the relevant policies

23 REVENUE EXPENDITURE FUNDED FROM CAPITAL UNDER STATUTE

Expenditure incurred during the year that may be capitalised under statutory provisions but that does not result in the creation of a non-current asset has been charged as expenditure to the relevant service in the CIampES in the year Where the Council has determined to meet the cost of the expenditure from existing capital resources or by borrowing a transfer in the Movement in Reserves Statement from the General Fund HRA Balance to the Capital Adjustment Account then reverses out the amounts charged so there is no impact on the level of council tax HRA rents

24 VALUE ADDED TAX (VAT)

VAT payable is included as an expense only to the extent that it is not recoverable from Her Majestyrsquos Revenue and Customs VAT receivable is excluded from income

25 CARBON REDUCTION COMMITMENT ALLOWANCES

The Council is required to participate in the Carbon Reduction Commitment (CRC) Energy Efficiency Scheme The CRC scheme is now in its second phase which commenced in April 2014 and runs until 31 March 2019 The Council is required to purchase allowances either prospectively or retrospectively and surrender them on the basis of emissions ie carbon dioxide produced as energy is used As carbon dioxide is emitted (ie as energy is used) a liability and an expense are recognised The liability will be discharged by surrendering allowances The liability is measured at the best estimate of the expenditure required to meet the obligation normally at the current market price of the number of allowances required to meet the liability at the reporting date The cost to the Council is recognised and reported in the costs of the Councilrsquos services and is apportioned to services on the basis of energy consumption

26 RECOGNITION OF REVENUE FROM NON-EXCHANGE TRANSACTIONS

Assets and revenue arising from non exchange transactions are recognised in accordance with the requirements of IAS 20 Accounting for Government Grants and Disclosure of Government Assistance except where interpreted or adapted to fit the public sector are detailed in the Code andor IPSAS 23 ldquoRevenue from Non-Exchange Transactions (Taxes and Transfers)rdquo

Taxation Transactions

Assets and revenue arising from taxation transactions are recognised in the period in which the taxable event occurs provided that the assets satisfy the definition of an asset and meet the criteria for recognition as an asset

Non-taxation Transactions

Assets and revenue arising from transfer transactions are recognised in the period in which the transfer arrangement becomes binding Services in-kind are not recognised Where a transfer is subject to conditions that if unfulfilled require the return of the transferred resources the Council recognises a liability until the condition is fulfilled Basis of Measurement of Major Classes of Revenue from Non-Exchange Transactions Taxation Revenue from Non-Exchange Transactions Taxation revenue is measured at the nominal value of cash and cash equivalents Assets and revenue recognised as a consequence of a transfer are measured at the fair value of the assets recognised as at the date of recognition

bull Monetary assets are measured at their nominal value unless the time value of money is material in which case present value is used calculated using a discount rate that reflects the risk inherent in holding the asset and

bull Non-monetary assets are measured at their fair value which is determined by reference to observable market values or by independent appraisal by a member of the valuation profession Receivables are recognised when a binding transfer arrangement is in place but cash or other assets have not been received

-57shy


27 FAIR VALUE MEASUREMENT

The Council measures some of its non-financial assets such as surplus assets and investment properties and some of its financial instruments at fair value at each reporting date Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date The fair value measurement assumes that the transaction to sell the asset or transfer the liability takes place either

a) in the principal market for the asset or liability or b) in the absence of a principal market in the most advantageous market for the asset or liability

The Council measures the fair value of an asset or liability using the assumptions that market participants would use when pricing the asset or liability assuming that market participants act in their economic best interest

When measuring the fair value of a non-financial asset the Council takes into account a market participantrsquos ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use

The Council uses valuation techniques that are appropriate in the circumstances and for which sufficient data is available maximising the use of relevant observable inputs and minimising the use of unobservable inputs

Inputs to the valuation techniques in respect of assets and liabilities for which fair value is measured or disclosed in the Councilrsquos statement of accounts are categorised within the fair value hierarchy as follows

bull Level 1 ndash quoted prices (unadjusted) in active markets for identical assets or liabilities that the Council can access at the measurement date

bull Level 2 ndash inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly

bull Level 3 ndash unobservable inputs for the asset or liability

-58shy

HRA INCOME AND EXPENDITURE STATEMENT

The HRA Income and Expenditure Statement shows the economic cost in the year of providing housing services in accordance with generally accepted accounting practices rather than the amount to be funded from rents and government grants Authorities charge rents to cover expenditure in accordance with regulations this may be different from the accounting cost The increase or decrease in the year on the basis of which rents are raised is shown in the Movement on the HRA Statement

201415 201516 pound000 Notes pound000 pound000

Expenditure

15313 Repairs and Maintenance 4 14364

4353 Supervision and Management 4931

1778 Special Services 1953

22 Rent rates taxes and other charges 76

11738 Housing Revenue Account Subsidy payable 11 1

0 Settlement Payment to Welsh Government 11 146289

9559 Depreciation and impairment of non-current assets 7 10431

16 Debt management costs 79

19 Sums directed by the Welsh Government 8 0

342 Increase in bad debt provision 3 288

43140 Total Expenditure 178412

Income

(42635) Dwelling Rents (43951)

(964) Non-dwelling rents (952)

(2007) Charges for services and facilities (1973)

(48) Other Income 0

(819) Contribution towards expenditure 10 (753)

(46473) Total Income (47629)

(3333) Net Expenditure of HRA Services as included in the Comprehensive 130783 Income amp Expenditure Statement (CIampES)

48 HRA share of other amounts included in the whole authority Net Cost 76 of Services but not allocated to specific services

(3285) Net Expenditure for HRA services 130859

HRA share of the Operating Income and Expenditure included in the CIampES

0 Loss (Gain) on sale of HRA non-current assets 70

1616 Interest payable and similar charges 8541

(35) Interest and investment income (33)

934 Pensions net interest and administrative expenses 9 936

(7757) Capital Grants and contributions receivable (7835)

(8527) (Surplus) Deficit for the year on HRA services 132538

-59shy

MOVEMENT ON THE HRA STATEMENT

201415 pound000 pound000

201516 pound000

7932

8527

(12204)

(3677)

3605

(72)

7860

Balance on the HRA at 1 April

(Deficit) Surplus for the year on the HRA Income amp Expenditure Statement

Adjustments between accounting basis and funding basis under Statute (see below)

Net Increase (Decrease) before transfers to or from reserves

Transfers (to) from Earmarked Reserves

Increase (Decrease) in year on the HRA

Balance on the HRA at 31 March

(132538)

129692

7860

(2846)

1421

(1425)

6435

Adjustments between accounting basis and funding basis under Statute


9559

0

0

5

(7757)

1417


Charges for depreciation and impairment of non current assets

Amortisation of intangible assets

Housing Settlement Payment

Revenue expenditure funded from capital under statute

Capital grants and contributions applied



10431

0

146289

5

(7835)

3132

(921)

(13605)

Statutory provision for the financing of capital investment

Capital Expenditure funded from HRA balances

(4470)

(15800)

(1417)

(48)


Transfer of cash sale proceeds credited as part of the gainloss on disposal to the HRA I amp E Statement

Revenue Income defined as capital under statute

(3062)

0

(41)


Amount by which finance costs charged to the HRA I amp E Statement are different from finance costs chargeable in the year in accordance with statutory requirements

6

2412

(1809)


Reversal of items relating to retirement benefits debited or credited to the HRA I amp E Statement - see note 9

Employers pension contributions payable in the year

2925

(1934)

1


Amount by which officer remuneration charged to the HRA I amp E Statement on an accruals basis is different from remuneration chargeable in the year in accordance with statutory requirements

5

(12204) 129692

-60shy

NOTES TO THE HRA STATEMENTS

1 Housing Stock

The total housing stock of the County Borough was as followsshy

As at As at 310315 310316

7073 Houses 7033 1053 Bungalows 1052 2499 Flats 2495

650 Warden Controlled Units 650

11275 11230

2 Rent Arrears

The total amount of rent arrears at 31 March 2016 was pound1504k The corresponding figure for 31 March 2015 was pound1234k

3 Provision for Bad Debts

The Provision for Bad Debts was increased by a charge to the IampE account of pound288k in 201516 to give a balance at the year end of pound1026k

4 Housing Repairs Account

Movement on the Housing Repairs Account was as followsshy

201415 201516 pound000 pound000

15695 Repairs and Maintenance Expenditure 14512 (382) Less Income (148)

15313 Net Cost of Repairs and Maintenance 14364

15313 Contribution from HRA 12943

0 Deficit (Surplus) for the year 1421

(1421) Balance Brought Forward (1421)

(1421) Balance Carried Forward 0


A summary of total capital expenditure within the HRA during the year with the sources of funding

201516 201415

Total Capital

Investment pound000

Council Dwellings

pound000

Vehicles Plant amp Equipment

(Solar PV) pound000

Other Land amp Buildings Assets under Construction

pound000

Revenue Expenditure

funded from Capital

pound000

HRA Subsidy

Settlement pound000

Total Capital

Investment pound000

40092 (955)

Expenditure in Year Add Movement in Capital accrual

48645 109 (96) 0

1008 (15)

5 0

146289 0

196056 (111)

39137 48549 109 993 5 146289 195945

7550 207

13604 1776

16000

Financed byshyMajor Repairs Allowance Grant Other Capital Grants and Contributions Capital Expenditure Charged to Revenue Capital Receipts Borrowing - unsupported

7561 274

14962 1752

24000

0 0

33 76 0

0 0

805 188

0

0 0 0 5 0

0 7561 0 274 0 15800 0 2021

146289 170289

39137 48549 109 993 5 146289 195945

6 Capital Receipts Statement

A summary of total HRA capital receipts received during the year

201415 201516 pound000 pound000

1196 Sale of Council Houses 3062 6 Sale of Council Houses - Discount Repaid 0 7 Mortgages Repayment 3

263 Sale of Land and Other Property 0

1472 3065

-61shy


7 Depreciation amortisation and impairment of non-current assets

Total 201415 Depreciation Amortisation Impairment 201516


Non-Current Assets 8349 Dwellings 9083 0 33 9116

616 Other Land and Buildings 649 0 53 702 594 Vehicles Plant amp Equipment 613 0 0 613

9559 10345 0 86 10431

The depreciation amortisation and impairment charges in respect of HRA non-current assets are not an actual charge against the HRA Balance They are reversed out in the Movement on the HRA Balance with the depreciation charge being replaced with the HRA Minimum Revenue Provision (MRP) to meet credit liabilities as required by the Local Authority (Capital Finance and Accounting) (Wales) (Amendment) Regulations 2010 The MRP is calculated by reference to the overall indebtedness of the HRA

8 Sums Directed by the Welsh Government

There were no deductions in the Rent Rebate Subsidy by the Department for Work and Pensions (DWP) in 201516 as the Councils rents were within the DWP limit for rent

9 Transactions Relating to Retirement Benefits

The policy on accounting for pension costs has been applied to the HRA (see page 45)

The cost of post employment benefits are recognised in the Net Cost of Services when they are earned by employees rather than when the benefits are eventually paid as pensions However the charge to be made on the HRA is based on the employers contributions payable in the year so the real cost of post employment benefits is reversed out in the Statement of Movement in the HRA Balance

The following transactions have been made in the Income and Expenditure Account and Statement of Movement in the HRA Balance during the year




Cost of Services Current service cost 1431 1913 0 0 Curtailment loss 48 76 0 0

Other Operating Income and Expenditure Administrative Expenses 35 37 0 0




Reversal of net charges made to the Surplus or Deficit for the Provision of (2341) (2859) (71) (66) Services for post employment benefits in accordance with the Code

Actual amount charged against HRA Balance for Pensions in year

Employers contributions payable to Clwyd Pension Fund scheme 1681 1782 Retirement benefit payable to pensioners 128 152

10 Contribution towards expenditure

This relates to Supporting People Grant which is used to fund the Tenancy support services (pound245k) and the housing related support element of sheltered housing (pound508k)

11 Settlement payment to Government

As from 2 April 2015 the Council was able to exit from the Housing Revenue Account Subsidy System (HRAS) and become self financing In order to exit HRAS the Council had to make a one-off settlement payment of pound146m to the Welsh Government which was funded from a long term PWLB loan

-62shy

INDEPENDENT AUDITORrsquoS REPORT TO THE MEMBERS OF WREXHAM COUNTY BOROUGH COUNCIL

I have audited the accounting statements and related notes of Wrexham County Borough Council for the year ended 31 March 2016 under the Public Audit (Wales) Act 2004 Wrexham County Borough Councilrsquos accounting statements comprise the Movement in Reserves Statement the Comprehensive Income and Expenditure Statement the Balance Sheet the Cash Flow Statement the Movement on the Housing Revenue Account Statement and the Housing Revenue Account Income and Expenditure Statement The financial reporting framework that has been applied in their preparation is applicable law and the Code of Practice on Local Authority Accounting in the United Kingdom 2015-16 based on International Financial Reporting Standards (IFRSs)

Respective responsibilities of the responsible financial officer and the Auditor General for Wales As explained more fully in the Statement of Responsibilities for the Statement of Accounts set out on page 7 the responsible financial officer is responsible for the preparation of the statement of accounts which gives a true and fair view My responsibility is to audit the accounting statements and related notes in accordance with applicable law and International Standards on Auditing (UK and Ireland) Those standards require me to comply with the Financial Reporting Councilrsquos Ethical Standards for Auditors

Scope of the audit of the accounting statements An audit involves obtaining evidence about the amounts and disclosures in the accounting statements and related notes sufficient to give reasonable assurance that the accounting statements and related notes are free from material misstatement whether caused by fraud or error This includes an assessment of whether the accounting policies are appropriate to the Wrexham County Borough Councilrsquos circumstances and have been consistently applied and adequately disclosed the reasonableness of significant accounting estimates made by the responsible financial officer and the overall presentation of the accounting statements and related notes

In addition I read all the financial and non-financial information in the Narrative Report to identify material inconsistencies with the audited accounting statements and related notes and to identify any information that is apparently materially incorrect based on or materially inconsistent with the knowledge acquired by me in the course of performing the audit If I become aware of any apparent material misstatements or inconsistencies I consider the implications for my report

Opinion on the accounting statements of Wrexham County Borough Council In my opinion the accounting statements and related notes

bull give a true and fair view of the financial position of Wrexham County Borough Council as at 31 March 2016 and of its income and expenditure for the year then ended and

bull have been properly prepared in accordance with the Code of Practice on Local Authority Accounting in the United Kingdom 2015-16

Opinion on other matters In my opinion the information contained in the Narrative Report is consistent with the accounting statements and related notes

Matters on which I report by exception I have nothing to report in respect of the following matters which I report to you if in my opinion

bull adequate accounting records have not been kept bull the accounting statements are not in agreement with the accounting records and returns bull I have not received all the information and explanations I require for my audit or bull the Annual Governance Statement contains material misstatements of fact or is inconsistent with other

information I am aware of from my audit

Certificate of completion of audit I certify that I have completed the audit of the accounts of Wrexham County Borough Council in accordance with the requirements of the Public Audit (Wales) Act 2004 and the Auditor General for Walesrsquo Code of Audit Practice

The maintenance and integrity of the Councils website is the responsibility of the Council the work carried out by auditors does not involve consideration of these matters and accordingly auditors accept no responsibility for any changes that may have occurred to the financial statements since they were initially presented on the website

For and on behalf of Wales Audit Office Huw Vaughn Thomas 24 Cathedral Rd Auditor General for Wales Cardiff

CF11 9LJ

8 August 2016

- 63 shy

ANNUAL GOVERNANCE STATEMENT FOR THE YEAR ENDED 31 MARCH 2016

1 This Statement has been prepared in accordance with guidance produced by the Chartered Institute of Public Finance and Accountancy (CIPFA) and the Society of Local Authority Chief Executives and Senior Managers (SOLACE) the lsquoDelivering Good Governance in Local Governance Frameworkrsquo It embraces the elements of internal financial control required by the lsquoCode of Practice on Local Authority Accounting in the United Kingdomrsquo

2 Scope of Responsibility

21 Wrexham County Borough Council (the Council) is responsible for ensuring that its business is conducted in accordance with the law and to proper standards and that public money is safeguarded and properly accounted for and used economically efficiently and effectively The Council also has a duty under the Local Government (Wales) Measure 2009 to make arrangements to secure continuous improvement in the way in which its functions are exercised having regard to strategic effectiveness service quality service availability fairness sustainability efficiency and innovation

22 In discharging this overall responsibility the Council is responsible for putting in place proper arrangements for the governance of its affairs facilitating the effective exercise of its functions and including arrangements for the management of risk

23 The Council has approved and adopted a Governance Code which is consistent with the principles of the CIPFASOLACE Framework lsquoDelivering Good Governance in Local Governmentrsquo A copy of the code is on our website or can be obtained from the Head of Finance This Statement explains how the Council has complied with the code and also meets the requirements of the Accounts and Audit (Wales) Regulations 2014

3 The Purpose of the Governance Framework

31 The governance framework comprises the systems and processes and culture and values by which the authority is directed and controlled and its activities through which it accounts to engages with and leads the community It enables the authority to monitor the achievement of its strategic objectives and to consider whether those objectives have led to the delivery of appropriate cost effective services

32 The system of internal control is a significant part of that framework and is designed to manage risk to a reasonable level It cannot eliminate all risk of failure to achieve policies aims and objectives and can therefore only provide reasonable and not absolute assurance of effectiveness The system of internal control is based on an ongoing process designed to identify and prioritise the risks to the achievement of the Councilrsquos policies aims and objectives to evaluate the likelihood of those risks being realised and the impact should they be realised and to manage them efficiently effectively and economically

33 The governance framework has been in place at the Council for the year ended 31 March 2016 and up to the date of approval of the Statement of Accounts

4 The Governance Framework

The key elements of the Councilrsquos governance framework are as follows

Planning Performance and Monitoring

41 lsquoOur Wrexham Planrsquo sets out the vision of the Local Service Board (LSB) - a partnership of the key public service providers in Wrexham County Borough which includes the Council - for improving the quality of life in terms of the social economic and environmental wellbeing of the whole community It is agreed by all the partner organisations who are members of the LSB The LSBs stakeholders are consulted in regard to determining the priorities needed to realise the vision set out in the Plan From the 1 April 2016 the LSB has been replaced by the Public Service Board The Public Service Board will continue working to the existing lsquoOur Wrexham Planrsquo whilst developing a new strategic plan which will be agreed by March 2018

42 The Council Plan is the overarching plan for the Council and defines where the Council will focus its energies and resources how it will judge its performance and what its contribution to lsquoOur Wrexham Planrsquo (see 41 above) will be It states the Councilrsquos vision purpose guiding principles and values (see 419 below) and sets out three strategic themes ndash Economy People and Place ndash and a corporate theme ndash Organisation (Striving for

-64shy


Excellence) ndash which are comprised of fifteen priority outcomes It enables the Councilrsquos equalities and sustainability commitments to be integrated into its day to day business and is supported by Departmental Service Plans which provide detail of the planned improvement activities milestones and performance A summary of performance against the plan is reported to Members on a quarterly basis through Member Information reports and reports to the Executive Board These reports are supported by a range of performance reports to the Executive Board and Scrutiny Committees on specific priorities of the Council Plan

43 Performance against the Council Plan is summarised in lsquoFocused On Our Performancersquo the Councilrsquos annual self-evaluation of progress against the Council Plan

44 The Strategic Planning Framework includes all those strategies plans and schemes which underpin the Council Plan The framework is designed to assist in corporate planning to enable the development of a consistent understanding across the Council of the relative importance of the different strategies plans and schemes and to highlight the potential for any conflict or duplication This will also assist in long term planning and the need to integrate social and environmental wellbeing considerations into strategic decision making as required by the Well Being of Future Generations (Wales) Act 2015

45 The Medium Term Financial Strategy for 20145 to 201617 sets out a strategic approach to meeting the current financial challenges This is linked to processes aimed at achieving efficiency and effectiveness and includes reviews undertaken both internally and externally by auditors and inspectors and cooperating with the Welsh Government in response to the Local Government (Wales) Measure 2009 It is also linked to a Reshaping Programme that will result in services being able to meet the financial challenges ahead whilst prioritising the most vulnerable

46 The Risk Management Policy requires the officers responsible for planning and delivering services major projects and key partnerships to identify assess and manage any significant risks to the Councilrsquos priorities values and responsibilities Members and senior management also identify the principal risks to the Council achieving the priorities set out in its Council Plan (see 42 above) Risk registers which record the risks and the controls necessary to manage them are regularly reviewed by senior management and by the Audit Committee (see 428 below) and specific assurance is sought concerning those risks associated with the key elements of this Governance Framework and that any improvements that are necessary to improve controls have been implemented

47 The Strategic Leadership Team which comprises the Chief Executive and Executive Directors is responsible for strategic and organisational leadership corporate challenge and for political interface The Senior Management Team includes the same officers and also all Heads of Department Its responsibilities include organisational management project and functional challenge support governance management coordination communication and capacity The management structure enables the Council to continue to meet challenges and provide services efficiently and effectively Key responsibilities are

(i) the Chief Executive for delivering leadership and strategic direction across the Council (ii) the Executive Directors for delivering the Councilrsquos priorities and co-ordinating the activities of all

departments around these priorities (iii) the Heads of Department for delivering the Councils operational services

48 There are agreed principles processes and guidance to ensure that the Councilrsquos objectives priorities and values are promoted and safeguarded when working in partnership or collaboratively

49 In order to ensure the successful delivery of services and completion of projects central guidance and support is provided in respect of project management and compliance is checked on an annual basis

410 The Corporate Land and Buildings Strategy and the Highways Asset Management Plan enable the Councilrsquos infrastructure and assets to be managed strategically in accordance with its priorities

Communications and Customer Focus

411 The Council has in place agreed strategies for communications both externally and internally and has an established brand identity To help ensure that information about services is widely available and accessible the Council makes use of the main social media and social networking sites

-65shy


412 The Customer Focus Strategy sets out the Councilrsquos commitment to delivering high quality services that meet the needs of all its customers in terms of ease of access quality of service the Councilrsquos equality commitments simplicity of use learning from problems and delivering what matters to customers There are processes in place monitor performance against customer care standards and to listen to customers and to make improvements accordingly

Constitution and Democratic Services

413 The Constitution can be found on the Councilrsquos website sets out

(i) how the Council operates and makes decisions (ii) the procedures to ensure that decision-making is transparent and accountable to local people and other

stakeholders (iii) the key roles of all members and senior officers including the lead responsibilities for corporate

governance of the Leader the Chief Executive and other designated senior officers (iv) a scheme of delegated powers for decision-taking (v) the roles of the Full Council the Executive Board and all Committees (vi) the responsibilities for reviewing and agreeing the Councilrsquos corporate governance arrangements (vii) the arrangements for ensuring the constitution itself is regularly reviewed and updated (viii) the Governance Code which is designed to support the outcomes set out in the Council Plan (ix) other related codes and protocols including Financial and Contract Procedure Rules

414 Policy and decision-making is facilitated through meetings which are open to the public except where exempt or confidential matters are being discussed All reports considered by the Council its Executive Board and Committees and the minutes of decisions taken are unless confidential made available on the Councilrsquos website Also all Council Executive Board and Planning Committee meetings can be viewed live one the websitersquos webcasting page and the webcasts are archived for six months

415 A scheme of delegation to Committees and officers is set out in the Constitution Five scrutiny Committees review scrutinise and hold to account the performance of the Executive Board decision-making Committees and officers

416 A Scrutiny ldquoCall-Inrdquo process for decisions which have been made but not yet implemented is incorporated in the Constitution in order to consider their appropriateness

417 In accordance with the Local Government (Wales) Measure 2011 the Democratic Services Committee has designated an officer as the Head of Democratic Services to ensure that councillors are sufficiently supported and developed to carry out their democratic duties effectively The Council has in place established procedures to assess the training needs of members and for ensuring that where necessary they are provided with appropriate training

418 The senior salaries paid to members in accordance with statutory provisions are published on the Councilrsquos website

Values and Ethical Governance

419 The Council has adopted the following values to define its way of working Trust Respect Innovation Flexibility Integrity and Commitment

420 The ethical governance framework includes

(i) a Governance Code for the Council overall (ii) codes of conduct for employees (recently renewed) and members which are regularly tested for

compliance (iii) a planning code of practice for members and officers (iv) a protocol governing MemberOfficer relations (v) a recently updated whistleblowing policy (vi) registers of personal and business interests (vii) an agreed policy and associated corporate procedures for ensuring that complaints about services can

be properly made and investigated and for ensuring that any lessons can be applied

-66shy


421 A systematic approach to raising awareness of key governance issues among employees is in place

422 The Head of Corporate and Customer Services is the designated lsquoMonitoring Officerrsquo in accordance with the Local Government and Housing Act 1989 and ensures compliance with established policies procedures laws and regulations After appropriate consultation this officer will report to the full Council in respect of any proposals decisions or omissions which could be unlawful or which have been subject of an Ombudsman Investigation resulting in a finding of maladministration

423 The Standards Committee which includes a majority of independent representatives advises on and monitors the Member Code of Conduct the Protocol for MemberOfficer Relations and any other Codes relating to the conduct of Members and oversees any investigations of alleged breaches of the Member Code of Conduct It also oversees the Councils whistleblowing arrangements the policy for which is included in the constitution and published on the Councilrsquos website

Financial Governance

424 The Head of Finance is responsible for the proper administration of the Councilrsquos financial affairs as required by Section 151 of the Local Government Act 1972 and the Councilrsquos financial management arrangements are compliant with the governance requirements set out in the Chartered Institute of Public Finance and Accountancy lsquoStatement on the Role of the Chief Financial Officer in Local Authorities (2010)

425 There are robust arrangements for effective financial control through the Councilrsquos accounting procedures key financial systems and the Financial Regulations These include established budget planning procedures which are subject to risk assessment and monthly budget reports to all members comparing actual revenue and capital expenditure to annual budgets The Councilrsquos Treasury Management arrangements follow professional practice and are subject to regular review by Scrutiny Committees

426 Established counter-fraud arrangements including a Counter Fraud Strategy which states that the Council will not tolerate any form of fraud corruption or bribery provide a deterrent promote detection identify a clear pathway for investigation and encourage prevention These also include procedures designed to combat money-laundering The resources available for investigation are subject to ongoing review to ensure that they remain appropriate

427 The Procurement Strategy sets out how the Council will deliver improvements in the ways that it procures goods services works and utilities in a way that achieves value for money on a whole life basis in terms of generating benefits not only to the Council but also to society and the economy whilst minimising damage to the environment Procedures for tendering contract letting contract management and the use of consultants are included in the Procurement Code of Practice and the Financial Regulations

Audit and Inspection

428 The Audit Committee has an agreed Terms of Reference based upon best practice which includes considering the effectiveness of the Councilrsquos risk management arrangements monitoring the work of internal and external auditors and inspectors and monitoring the relationships between auditors and staff and the responses to audit and inspection recommendations It also has responsibility for approving the Annual Statement of Accounts and its associated reports (which include this statement) The Chair of the Audit Committee reports annually to the full Council on the extent to which the Committee has fulfilled its agreed terms of reference and has improved the quality of governance risk and control within the authority

429 Internal Audit works to the Public Sector Internal Audit Standards (PSIAS) which are applicable to all internal audit providers in Wales The Internal Audit Charter 2015-16 which was approved by the Audit Committee in March 2015 defines Internal Auditrsquos purpose authority and responsibility in terms which are consistent with the PSIAS It also set out the work that Internal Audit would undertake during the year using a risk based approach The Audit amp Technical Manager (as Head of Internal Audit) reports a summary of audit findings to the Audit Committee and management and also reports annually an opinion on the overall adequacy and effectiveness of the Councilrsquos control environment(See 52(iv) below)

-67shy


430 The Council is inspected by three principal regulators As well as national thematic inspections the Wales Audit Office assesses the Councilrsquos arrangements for delivering continuous improvement and its subsequent performance This results in two letters to the Council in the Spring and in the Autumn both of which are combined into a single Annual Improvement Report The Councilrsquos schools education and training services are assessed by Estyn (her Majestyrsquos Inspectorate for Education and Training in Wales) on an ongoing schedule and the Care and Social Services Inspectorate Wales (CSSIW) produce an Annual Letter for publication on the Councilrsquos planning delivery and evaluation of improvement All public reports are available on the relevant regulatorsrsquo websites and all reports received from the external auditors and statutory inspectors and action plans made in response are highlighted to Members as appropriate

Human Resources

431 The Organisation Development and Workforce Strategy has the purpose of creating a simple framework of integrated people policies procedures and plans that support the Councilrsquos employees in enabling the delivery of services that ensure the people of Wrexham are supported to fulfil their potential and to prosper The Strategy underpins the culture that the Council is striving to attain through adoption of the values of the organisation (see 419 above) which drive how the Council delivers its services and how it behaves as an organisation

432 The Councilrsquos recruitment procedures provide equality of employment opportunities An equality-assessed pay structure meets the requirements of the Single Status Agreement of 1997

433 The Joint Consultative Committee between the Council and the Trade Unions enables regular consultation with employees

Safeguarding

434 A Social Services Safeguarding People Team provides for the safeguarding and protection of children and young people and of vulnerable adults Safe recruitment procedures help to ensure that Council employees and members working with children or vulnerable adults are checked for their suitability to do so

Regulatory Compliance

435 In accordance with its statutory responsibilities the Council has in place a Health and Safety Policy and related procedures and has produced a council wide strategic health and safety improvement plan the implementation of which is regularly monitored by the Senior Management Team

436 The Information Management Strategy for 2013-16 sets out how the Council is to manage its information to better enable the Council to deliver its objectives Various policies are in place aimed at ensuring the proper use and efficient and effective management of information and information technology and to meet the requirements of the Data Protection Act 1998 It also has procedures to meet its responsibilities under the Environmental Information Regulations and the Freedom of Information Act 2000 and in compliance with the latter the Councilrsquos website includes a directory of published informationrdquo

437 All users of the Councilrsquos Information Communications Technology (ICT) facilities are required to accept and comply with the Councils lsquoAcceptable Use of ICT Facilitiesrsquo policy and guidelines To ensure the security of electronic information when being shared with partner organisations the Council maintains compliance with the Government Connect Code of Connection standards

438 The Council is expressly committed to making equality a reality in the provision of services in its role as an employer and as a key community leader It has arrangements in place including a Strategic Equality Plan to ensure that it meets its commitments under the Equality Act 2010 and supporting regulations

439 The Councilrsquos Welsh Language Scheme ended on 30 March 2016 and is replaced by a set of Welsh Language Standards The Standards which the Council will be required to comply with are outlined in the Final Compliance Notice which was served on the Council by the Welsh Language Commissioner on 30 September 2015

-68shy


440 There are agreed procedures to meet the requirements of the Regulation of Investigatory Powers Act 2000

441 In compliance with the Civil Contingencies Act 2004 there are agreed emergency management arrangements and agreed plans to enable the continuity of key services

442 In order to encourage improved standards of governance in Wrexhamrsquos schools all schools are asked to complete an annual Governance Assurance Statement showing the extent to which they comply with statutory and other policy requirements They are also asked to manage the schoolrsquos risks through the keeping and periodic review of a risk register

5 Review of Effectiveness

51 The Council has responsibility for conducting at least annually a review of the effectiveness of its governance framework including the system of internal control The review of effectiveness is informed by the work of the executive managers within the authority who have responsibility for the development and maintenance of the governance environment the Head of Internal Auditrsquos annual report and also by comments made by the external auditors and other review agencies and inspectorates

52 The regular and ongoing processes that have been applied to maintain review and improve the effectiveness of the governance framework include

(i) annual reviews of the Constitution and ethical governance arrangements by the Monitoring Officer (422 above)

(ii) reviews of the financial controls by the Head of Finance (424 above) (iii) reviews and updates of risk registers that are kept in accordance with the risk management

arrangements (46 above) (iv) Internal Audit whose work takes account of identified risks through regular audits of the major financial

systems projects and governance processes including risk management in accordance with the annual Internal Audit plan and which includes lsquofollow-uprsquo work to ensure that Heads of Department implement agreed recommendations (429 above)

(v) the work of the Councilrsquos Scrutiny (415 above) and other Committees including its Standards and Audit Committees (423 and 428 above)

(vi) the opinions and recommendations of the Councilrsquos external auditors and other inspection and review agencies (430 above)

(vii) the regular monitoring of improvement and performance against the Council Plan and its supporting plans and strategies by members and senior managers

(viii) assurance provided by Senior Management in respect to the internal controls for which they have responsibility

(ix) regular briefings on key corporate governance issues between the Chief Executive the Head of Finance and the Head of Corporate and Customer Services

53 Additionally the following elements of the governance framework were specifically reviewed in 2015-16

(i) the Constitution Changes made during the year included the removal of political balance on the Executive Board and the retiming of all Council and evening Committee meetings

(ii) Scrutiny Based on five areas for development identified in the previous financial year an action plan has been implemented aimed at the scrutiny function adding value to the decision making process

(iii) The updating and renewal of the Employee Code of Conduct the Information Management Strategy and the Strategic Equality Plan

(iv) An internal statutory review of the Internal Audit function

54 Also in accordance with the Local Government (Wales) Measure 2009 the Wales Audit Office conducted a lsquoCorporate Assessmentrsquo in 2015-16 of the Councilrsquos capacity and capability to deliver continuous improvement This examined the Councilrsquos track record of performance and outcomes as well as the key governance arrangements that are necessary to underpin improvements in services and functions Any recommendations that have been agreed in respect of the governance framework have been taken account of

-69shy


in the lsquoSignificant Control Issuesrsquo outlined in Section 6 below and in the supporting action plan to this statement

6 Significant Internal Control Issues for 2015-16

The action plan referred to above includes actions designed to address the following significant control issues

61 To continue to implement the requirements of the Well Being of Future Generations (Wales) Act 2015 building on our experience as an early adopter of the Actrsquos requirements to integrate social and environmental wellbeing considerations into strategic decision making

62 The continuing need for schools to account for their corporate governance responsibilities more effectively

63 To ensure that there is sufficient capacity to provide effective HR support for both the Reshaping Programme and for routine workforce-related issues

64 To develop and implement an ICT Strategy that complements the Information Management Strategy covers current and medium-term business needs and is clearly aligned to the Councilrsquos strategic priorities

65 To ensure from our continued monitoring and review that the governance framework remains effective and appropriate and that it is not weakened as a result of the Reshaping Programme

We propose over the coming year to take steps to address the above matters to further enhance our governance arrangements We are satisfied that these steps will address the need for improvements that were identified in our review of effectiveness and will monitor their implementation and operation as part of our next annual review

Signed (Leader) 2016

Signed (Chief Executive) 2016

-70shy

CONTENTS

STATEMENT OF ACCOUNTS PAGE

Narrative Report (a change in requirements for 201516 replacing the Explanatory Foreword) 2

Statement of Responsibilities for the Statement of Accounts 7

Financial Statements

Movement in Reserves Statement 8

Comprehensive Income and Expenditure Statement 9

Balance Sheet 10

Cash Flow Statement 11

Notes to the Accounts (including Accounting Policies) 12

Housing Revenue Account and Notes 59

Independent Auditorrsquos Report 63

Annual Governance Statement 64

-1shy

NARRATIVE REPORT

1 Introduction














-2shy

NARRATIVE REPORT


a

Actual Outturn

poundrsquo000 b



poundrsquo000 d


poundrsquo000 e=b+d


poundrsquo000 f=e-a


109399 109108 (291) 232462 341570 232171

Schools


76850 76830 (20) (76830) 0 (76850)

Services 19566 18096 (1470) (18096) 0 (19566)


Precepts

17306 16582 (724) 15666 32248 14942


0 0 0 12430 12430 12430


Financed by

223121 220616 (2505) 167986 388602 165481



0 (3931) (3931) 140298 136367 136367


0 3911 3911



0 20 20


HRA Balance (1481) (1425) (132538)






-3shy

NARRATIVE REPORT







4608

3976 3258 3361

49656 146289

7719 16898

195

169 138 143

2106 6205

327 717

Total 235765 100



Revenue

Finance Leases PFI

174166 4725

21202

18774

16898

7388 200 899

796

717

Total 235765 100


5 Borrowing







-4shy

NARRATIVE REPORT


7 Pension Liability





HRA Subsidy Exit


PFI


Leisure Trust





-5shy

NARRATIVE REPORT




M S Owen

Head of Finance

-6shy



Gen

eral

Fun

dB

alan

ce

Ear

mar

ked

Gen

eral

Fun

dR

eser

ves

Hou

sing

Rev

enue

Acc

ount

Ear

mar

ked

HR

AR

eser

ves

Cap

ital R

ecei

pts

Res

erve

Cap

ital G

rant

sU

napp

lied

Tot

al U

sabl

eR

eser

ves

Unu

sabl

eR

eser

ves

Tot

al C

ounc

ilR

eser

ves


Balance at 1 April 2015 7018 18064 7932 5026 15036 1225 54301 492606 546907









Balance at 31 March 2015 7018 20546 7860 1421 15083 1459 53387 431207 484594









Balance at 31 March 2016 7018 21801 6435 0 14468 802 50524 364462 414986

-8shy



Gross Expenditure

pound000

201415

Income pound000

Net Expenditure

pound000


pound000

201516

Income pound000

Net Expenditure

pound000

12766

14415

(1025)

(4084)

11741

10331



12827

13391

(1139)

(3973)

11688

9418

24636

11470

(7521)

(7084)

17115

4386


Planning Services

20833

8948

(7266)

(5930)

13567

3018


13498

43188

0

51223

63725

3973

1979

378613

(6031)

(46473)

0

(49363)

(19822)

(56)

(476)

(168381)

7467

(3285)

0

1860

43903

3917

1503

210232





Adult Social Care



Cost of Services

18

13349

32123

146289

55440

61977

3855

3699

512264

(5195)

(47629)

0

(52821)

(20025)

0

(1094)

(170695)

8154

(15506)

146289

2619

41952

3855

2605

341569



7 40018 (14722) 25296




51 (40847)


51 4269


44 45 amp 54

(30181)



69608

-9shy

BALANCE SHEET













(1285) Provisions 38 (1506)






484594 Net Assets 414986



-10shy

CASH FLOW STATEMENT


201415 pound000



136367


56 (43716)


57 (131411)






1749


-11shy

























-12shy




Usable Reserves

201516

Gen

eral

Fu

nd

Bal

ance

Ho

usi

ng

Rev

enu

eA

cco

un

t

Cap

ital

Rec

eip

tsR

eser

ve

Cap

ital

Gra

nts

Un

app

lied

Mo

vem

ent

in U

nu

sab

leR

eser

ves





























5084 129692 (615) (657) (133504)

-13shy



Usable Reserves


Gen

eral

Fu

nd

Bal

ance

Ho

usi

ng

Rev

enu

eA

cco

un

t

Cap

ital

Rec

eip

tsR

eser

ve

Cap

ital

Gra

nts

Un

app

lied

Mo

vem

ent

in U

nu

sab

leR

eser

ves





17630 0

9559 0

0 0

0 0

(27189) 0





884 1417 0 0 (2301)






(251) 0 0 251 0


0 0 0 (17) 17



(870) (1417) 2287 0 0








(185) (41) 0 0 226



21505 2412 0 0 (23917)




(921) 0 0 0 921



739 1 0 0 (740)

-14shy8933 (12204) 47 234 2990







Total 18064 (2458) 4940 20546 (5585) 6840 21801


Total 5026 (3605) 0 1421 (1421) 0 0























- 15 shy



201415 201516 pound000 pound000



20907 Total 21737


201415 201516 pound000 pound000


19160 Total 25296


201415 201516 pound000 pound000



(252375) Total (252235)

9 Audit Costs


201415 201516 pound000 pound000


369 346






201415 201516 pound000 pound000






-16shy




201415 201516 pound000 pound000



1008 1273




Ho

me

Imp

rove

men

tL

oan

s

Ho

use

s in

toH

om

es

VV

P -

Em

pty

Pro

per

ties

VV

P -

Pri

vate

Sec

tor

Imp

rove

men

t

VV

P shy

Co

mm

erci

alP

rop

erty

Imp

rove

men

ts


Balance at 1 April 139 139 382 190 0 850


Loans Issued (34) (183) (227) (86) 0 (530)

Loans Repaid 27 101 4 1 0 133

Balance at 31 March 415 315 924 305 100 2059



201415 201516 pound000 pound000


1051 1130 Income




-17shy














-18shy







pound000 pound000


Total 37 60 70 83 107 143 1866 3177


15 Council Tax



A 69

4291

B 79

12540

C 89

16762

D 99

9983

E 119 7899

F 139 4923

G 159 2460

H 189 716

I 219 291


201415 pound000

65105 0

65105



201516 pound000

67503 0

67503



201415 201516 pound000 pound000






-19shy


17 Related Parties


Central Government


Other Public Bodies


















-20shy







Additions 48645 12281 13415 6208 (147) 66 1991 82459 16313 585






Other Movements 0 397 0 0 0 231 (83) 545 0 0

At 31032016 571699 355744 57913 114322 16932 8014 1991 1126615 33265 11100









Other Movements 0 (223) 0 0 0 326 103 0 0

At 31032016 (42677) (49090) (27180) (16480) (1129) (3854) 0 (140410) (4041) (8866)

Net Book Value

At 31032016 529022 306654 30733 97842 15803 4160 1991 986205 29224 2234

At 31032015 494975 269984 20568 94086 15960 4714 83 900370 12871 2414

-21shy







Additions 37995 4808 2703 4336 226 380 6 50454 74 2






Other Movements 0 (704) 0 0 2 702 0 0 0 0

At 31032015 526116 333035 44608 108114 17079 8851 83 1037886 16140 10515









Other Movements 0 210 0 0 (2) (88) 0 120 0 0

At 31032015 (31141) (63051) (24040) (14028) (1119) (4137) 0 (137516) (3269) (8101)

Net Book Value

At 3132015 494975 269984 20568 94086 15960 4714 83 900370 12871 2414

At 1042014 468090 279404 21520 92095 15744 3958 77 880888 12601 3281

-22shy




21 Depreciation




22 Revaluations









pound000


12549



-23shy


25 Heritage Assets



Civic Regalia

pound000

Fine amp Decorative

Art pound000


History pound000

Welsh Football

pound000






86 65 69 204 49 28 501

Additions 0 0 0 0 38 0 38


0 0 0 0 (36) 0 (36)

At 31 March 2015 86 65 69 204 51 28 503


86 65 69 204 51 28 503

Additions 0 0 0 0 1 0 1


0 0 0 0 (1) 0 (1)

At 31 March 2016 86 65 69 204 51 28 503



















-24shy








1 Exhibitions


2 Online Catalogue






Property Plant amp

Equipment pound000

201516 Revenue

Expenditure Funded


Settlement Payment



54921 79920 39 9517 146289 235765

Financed Byshy





54921 79920 39 9517 146289 235765



201415 201516 pound000 pound000






-25shy




201415 201516 pound000 pound000







39 44





31032015 pound000

31032016 pound000

8 92 45


5 84 29

145 118












Assets sold (1099) 0 (1067) 0



-26shy






Finance Assets




















-27shy




















Credit Risk





Banks UK

Non UK


4550 3400 5000

0 0 0

0 0 0

0 0 0

4550 3400 5000



-28shy




Liquidity risk


pound000


291665


Market risk




pound000







Price risk






Principal pound000


pound000


Principal pound000


pound000





-29shy



31032015 31032016 pound000 pound000




31032015 31032016 pound000 pound000








37 Creditors

Short-term 31032015 31032016

pound000 pound000

Long-term 31032015 31032016

pound000 pound000


(4236) (4101)

(278) (14788) (23403)

(3712) (3343)

(292) (16330) (23677)

(867) 0 0

(1734) (2601)

(2059) 0 0

(2267) (4326)

38 Provisions

Insurance Provision

pound000


pound000

Current Benefits


pound000 pound000

Total Provision

pound000

Non Current

Landfill Provision

pound000

Balance at 1 April 2015 (602) (45) (113) (525) (1285) (2452)


(431) (401) 41 0 (791) 13

Amounts used in 201516 553 17 0 0 570 0

Balance at 31 March 2016 (480) (429) (72) (525) (1506) (2439)






-30shy


39 Borrowings





Market (23800) (814) 1783 (22831) (23800) (800) 1765 (22835)




Market 0 (149) 0 (149) 0 (152) 0 (152)


Bonds (98) (1) 0 (99) (121) (2) 0 (123)







Value at 1 April 2015 11703 1168 12871

Additions 8164 8149 16313



Value at 31 March 2016 20229 8995 29224





286315 68374 26462 381151


-31shy




201415 201516 pound000 pound000







41 Leases

Finance Leases


31032015 31032016 pound000 pound000


2414 2234


31032015 31032016 pound000 pound000









1922 1776 1811 1689

Operating Leases





1921 87 1601 1688

-32shy


41 Leases contd



pound000 pound000




546 620


31032015 31032016 pound000 pound000


5293 5105













-33shy






















Other 0 0







-34shy








250801 228883 30069 27835













Balance at 1 April 566434 686929 28903 30069




Other 0 0 0 0


Balance at 31 March 686929 672715 30069 27835

-35shy









Total assets


201415 pound000

13083 4438 Y

0 32710 15264

0 0 0

26168 4361

0

0 Y 31512 Y

0 N 0 Y 0 Y 0 Y

25298 Y 8433 Y

0 Y 78503 65243

56697 100309

54591 N 101194 Y

157006 155785

13084 17445

13315 Y 21748 N

30529 35063

17445 47974

8723 8723 8723

65419

44827 N 48378 N

8877 N 8433 N

0 N 72788 N

157007

436128


201516 pound000

183303

443832





201415 201516 201415 201516

234 235 234 235 259 260 259 260

263 264 293 294

20 20 20 20 35 35 20 20 20 20 33 36 31 34


-36shy




pound000 pound000









48 Usable Reserves



31032015 31032016 pound000 pound000










201415 201516 pound000 pound000




-37shy








201415 pound000

201516 pound000


3719 (6153)


52464 (15886)


36578

(3718) (631)


(2885) (971)




















35571 52447


-38shy




201415 201516 pound000 pound000






54 Pensions Reserve


201415 201516 pound000 pound000

(215614) Balance at 1 April (280870)




(280870) Balance at 31 March (256718)



201415 201516 pound000 pound000






-39shy



201415 201516 pound000 pound000






(30063) (43716)


201415 201516 pound000 pound000


12168 (131411)



201415 201516 pound000 pound000



201415 201516 pound000 pound000









201415 201516 pound000 pound000







-40shy


61 Grant Income





187270 184732




93219 94588






348 400





899 145

-41shy













Total Income (31332) (16018) (67292) (6682) (19136) (140460)



Net Expenditure 95238 38228 30695 34678 21776 220615






Total Income (32737) (16343) (64978) (7048) (20474) (141580)



Net Expenditure 95151 41155 30564 35470 22401 224741




201415 201516 pound000 pound000






-42shy





201516 Dep

artm

enta

lA

naly

sis

Ser

vice

s an

dS

uppo

rtS

ervi

ces

not i

nA

naly

sis

Am

ount

s no

tre

port

ed to

Exe

cutiv

e B

oard

for

deci

sion

mak

ing

Am

ount

s no

tin

clud

ed in

the

CIamp

ES

Allo

catio

n of

Rec

harg

es

Cos

t of S

ervi

ces

Cor

pora

teA

mou

nts

Tot

al



Total Income (140460) (51778) (7817) 6453 22907 (170695) (266957) (437652)




201415 Comparatives


Total Income (141580) (53047) (5259) 6012 25493 (168381) (269935) (438316)




-43shy




















-44shy







5 EMPLOYEE BENEFITS









-45shy




















-46shy













Financial Assets






-47shy














a) Civic Regalia


-48shy



Archaeology


Social History



Clocks and Watches






Natural History


Military History






-49shy














-50shy













16 JOINT OPERATIONS



-51shy


17 LEASES




Finance Leases







Operating Leases



Finance Leases





-52shy




Operating Leases









Recognition


Measurement





-53shy

















Impairment






-54shy


Depreciation
















-55shy











Provisions






Contingent Assets


22 RESERVES


-56shy

















-57shy












-58shy




Expenditure












Income




(48) Other Income 0


(46473) Total Income (47629)











-59shy



201516 pound000

7932

8527

(12204)

(3677)

3605

(72)

7860








(132538)

129692

7860

(2846)

1421

(1425)

6435



9559

0

0

5

(7757)

1417









10431

0

146289

5

(7835)

3132

(921)

(13605)



(4470)

(15800)

(1417)

(48)




(3062)

0

(41)



6

2412

(1809)




2925

(1934)

1



5

(12204) 129692

-60shy


1 Housing Stock


As at As at 310315 310316



11275 11230

2 Rent Arrears






201415 201516 pound000 pound000









201516 201415

Total Capital

Investment pound000

Council Dwellings

pound000


(Solar PV) pound000


pound000

Revenue Expenditure

funded from Capital

pound000

HRA Subsidy

Settlement pound000

Total Capital

Investment pound000

40092 (955)


48645 109 (96) 0

1008 (15)

5 0

146289 0

196056 (111)

39137 48549 109 993 5 146289 195945

7550 207

13604 1776

16000


7561 274

14962 1752

24000

0 0

33 76 0

0 0

805 188

0

0 0 0 5 0

0 7561 0 274 0 15800 0 2021

146289 170289

39137 48549 109 993 5 146289 195945



201415 201516 pound000 pound000



1472 3065

-61shy







9559 10345 0 86 10431























-62shy
















CF11 9LJ

8 August 2016

- 63 shy
















-64shy















-65shy



















-66shy













-67shy



Human Resources




Safeguarding








-68shy























-69shy













-70shy

NARRATIVE REPORT

1 Introduction














-2shy

NARRATIVE REPORT


a

Actual Outturn

poundrsquo000 b



poundrsquo000 d


poundrsquo000 e=b+d


poundrsquo000 f=e-a


109399 109108 (291) 232462 341570 232171

Schools


76850 76830 (20) (76830) 0 (76850)

Services 19566 18096 (1470) (18096) 0 (19566)


Precepts

17306 16582 (724) 15666 32248 14942


0 0 0 12430 12430 12430


Financed by

223121 220616 (2505) 167986 388602 165481



0 (3931) (3931) 140298 136367 136367


0 3911 3911



0 20 20


HRA Balance (1481) (1425) (132538)






-3shy

NARRATIVE REPORT







4608

3976 3258 3361

49656 146289

7719 16898

195

169 138 143

2106 6205

327 717

Total 235765 100



Revenue

Finance Leases PFI

174166 4725

21202

18774

16898

7388 200 899

796

717

Total 235765 100


5 Borrowing







-4shy

NARRATIVE REPORT


7 Pension Liability





HRA Subsidy Exit


PFI


Leisure Trust





-5shy

NARRATIVE REPORT




M S Owen

Head of Finance

-6shy



Gen

eral

Fun

dB

alan

ce

Ear

mar

ked

Gen

eral

Fun

dR

eser

ves

Hou

sing

Rev

enue

Acc

ount

Ear

mar

ked

HR

AR

eser

ves

Cap

ital R

ecei

pts

Res

erve

Cap

ital G

rant

sU

napp

lied

Tot

al U

sabl

eR

eser

ves

Unu

sabl

eR

eser

ves

Tot

al C

ounc

ilR

eser

ves


Balance at 1 April 2015 7018 18064 7932 5026 15036 1225 54301 492606 546907









Balance at 31 March 2015 7018 20546 7860 1421 15083 1459 53387 431207 484594









Balance at 31 March 2016 7018 21801 6435 0 14468 802 50524 364462 414986

-8shy



Gross Expenditure

pound000

201415

Income pound000

Net Expenditure

pound000


pound000

201516

Income pound000

Net Expenditure

pound000

12766

14415

(1025)

(4084)

11741

10331



12827

13391

(1139)

(3973)

11688

9418

24636

11470

(7521)

(7084)

17115

4386


Planning Services

20833

8948

(7266)

(5930)

13567

3018


13498

43188

0

51223

63725

3973

1979

378613

(6031)

(46473)

0

(49363)

(19822)

(56)

(476)

(168381)

7467

(3285)

0

1860

43903

3917

1503

210232





Adult Social Care



Cost of Services

18

13349

32123

146289

55440

61977

3855

3699

512264

(5195)

(47629)

0

(52821)

(20025)

0

(1094)

(170695)

8154

(15506)

146289

2619

41952

3855

2605

341569



7 40018 (14722) 25296




51 (40847)


51 4269


44 45 amp 54

(30181)



69608

-9shy

BALANCE SHEET













(1285) Provisions 38 (1506)






484594 Net Assets 414986



-10shy

CASH FLOW STATEMENT


201415 pound000



136367


56 (43716)


57 (131411)






1749


-11shy

























-12shy




Usable Reserves

201516

Gen

eral

Fu

nd

Bal

ance

Ho

usi

ng

Rev

enu

eA

cco

un

t

Cap

ital

Rec

eip

tsR

eser

ve

Cap

ital

Gra

nts

Un

app

lied

Mo

vem

ent

in U

nu

sab

leR

eser

ves





























5084 129692 (615) (657) (133504)

-13shy



Usable Reserves


Gen

eral

Fu

nd

Bal

ance

Ho

usi

ng

Rev

enu

eA

cco

un

t

Cap

ital

Rec

eip

tsR

eser

ve

Cap

ital

Gra

nts

Un

app

lied

Mo

vem

ent

in U

nu

sab

leR

eser

ves





17630 0

9559 0

0 0

0 0

(27189) 0





884 1417 0 0 (2301)






(251) 0 0 251 0


0 0 0 (17) 17



(870) (1417) 2287 0 0








(185) (41) 0 0 226



21505 2412 0 0 (23917)




(921) 0 0 0 921



739 1 0 0 (740)

-14shy8933 (12204) 47 234 2990







Total 18064 (2458) 4940 20546 (5585) 6840 21801


Total 5026 (3605) 0 1421 (1421) 0 0























- 15 shy



201415 201516 pound000 pound000



20907 Total 21737


201415 201516 pound000 pound000


19160 Total 25296


201415 201516 pound000 pound000



(252375) Total (252235)

9 Audit Costs


201415 201516 pound000 pound000


369 346






201415 201516 pound000 pound000






-16shy




201415 201516 pound000 pound000



1008 1273




Ho

me

Imp

rove

men

tL

oan

s

Ho

use

s in

toH

om

es

VV

P -

Em

pty

Pro

per

ties

VV

P -

Pri

vate

Sec

tor

Imp

rove

men

t

VV

P shy

Co

mm

erci

alP

rop

erty

Imp

rove

men

ts


Balance at 1 April 139 139 382 190 0 850


Loans Issued (34) (183) (227) (86) 0 (530)

Loans Repaid 27 101 4 1 0 133

Balance at 31 March 415 315 924 305 100 2059



201415 201516 pound000 pound000


1051 1130 Income




-17shy














-18shy







pound000 pound000


Total 37 60 70 83 107 143 1866 3177


15 Council Tax



A 69

4291

B 79

12540

C 89

16762

D 99

9983

E 119 7899

F 139 4923

G 159 2460

H 189 716

I 219 291


201415 pound000

65105 0

65105



201516 pound000

67503 0

67503



201415 201516 pound000 pound000






-19shy


17 Related Parties


Central Government


Other Public Bodies


















-20shy







Additions 48645 12281 13415 6208 (147) 66 1991 82459 16313 585






Other Movements 0 397 0 0 0 231 (83) 545 0 0

At 31032016 571699 355744 57913 114322 16932 8014 1991 1126615 33265 11100









Other Movements 0 (223) 0 0 0 326 103 0 0

At 31032016 (42677) (49090) (27180) (16480) (1129) (3854) 0 (140410) (4041) (8866)

Net Book Value

At 31032016 529022 306654 30733 97842 15803 4160 1991 986205 29224 2234

At 31032015 494975 269984 20568 94086 15960 4714 83 900370 12871 2414

-21shy







Additions 37995 4808 2703 4336 226 380 6 50454 74 2






Other Movements 0 (704) 0 0 2 702 0 0 0 0

At 31032015 526116 333035 44608 108114 17079 8851 83 1037886 16140 10515









Other Movements 0 210 0 0 (2) (88) 0 120 0 0

At 31032015 (31141) (63051) (24040) (14028) (1119) (4137) 0 (137516) (3269) (8101)

Net Book Value

At 3132015 494975 269984 20568 94086 15960 4714 83 900370 12871 2414

At 1042014 468090 279404 21520 92095 15744 3958 77 880888 12601 3281

-22shy




21 Depreciation




22 Revaluations









pound000


12549



-23shy


25 Heritage Assets



Civic Regalia

pound000

Fine amp Decorative

Art pound000


History pound000

Welsh Football

pound000






86 65 69 204 49 28 501

Additions 0 0 0 0 38 0 38


0 0 0 0 (36) 0 (36)

At 31 March 2015 86 65 69 204 51 28 503


86 65 69 204 51 28 503

Additions 0 0 0 0 1 0 1


0 0 0 0 (1) 0 (1)

At 31 March 2016 86 65 69 204 51 28 503



















-24shy








1 Exhibitions


2 Online Catalogue






Property Plant amp

Equipment pound000

201516 Revenue

Expenditure Funded


Settlement Payment



54921 79920 39 9517 146289 235765

Financed Byshy





54921 79920 39 9517 146289 235765



201415 201516 pound000 pound000






-25shy




201415 201516 pound000 pound000







39 44





31032015 pound000

31032016 pound000

8 92 45


5 84 29

145 118












Assets sold (1099) 0 (1067) 0



-26shy






Finance Assets




















-27shy




















Credit Risk





Banks UK

Non UK


4550 3400 5000

0 0 0

0 0 0

0 0 0

4550 3400 5000



-28shy




Liquidity risk


pound000


291665


Market risk




pound000







Price risk






Principal pound000


pound000


Principal pound000


pound000





-29shy



31032015 31032016 pound000 pound000




31032015 31032016 pound000 pound000








37 Creditors

Short-term 31032015 31032016

pound000 pound000

Long-term 31032015 31032016

pound000 pound000


(4236) (4101)

(278) (14788) (23403)

(3712) (3343)

(292) (16330) (23677)

(867) 0 0

(1734) (2601)

(2059) 0 0

(2267) (4326)

38 Provisions

Insurance Provision

pound000


pound000

Current Benefits


pound000 pound000

Total Provision

pound000

Non Current

Landfill Provision

pound000

Balance at 1 April 2015 (602) (45) (113) (525) (1285) (2452)


(431) (401) 41 0 (791) 13

Amounts used in 201516 553 17 0 0 570 0

Balance at 31 March 2016 (480) (429) (72) (525) (1506) (2439)






-30shy


39 Borrowings





Market (23800) (814) 1783 (22831) (23800) (800) 1765 (22835)




Market 0 (149) 0 (149) 0 (152) 0 (152)


Bonds (98) (1) 0 (99) (121) (2) 0 (123)







Value at 1 April 2015 11703 1168 12871

Additions 8164 8149 16313



Value at 31 March 2016 20229 8995 29224





286315 68374 26462 381151


-31shy




201415 201516 pound000 pound000







41 Leases

Finance Leases


31032015 31032016 pound000 pound000


2414 2234


31032015 31032016 pound000 pound000









1922 1776 1811 1689

Operating Leases





1921 87 1601 1688

-32shy


41 Leases contd



pound000 pound000




546 620


31032015 31032016 pound000 pound000


5293 5105













-33shy






















Other 0 0







-34shy








250801 228883 30069 27835













Balance at 1 April 566434 686929 28903 30069




Other 0 0 0 0


Balance at 31 March 686929 672715 30069 27835

-35shy









Total assets


201415 pound000

13083 4438 Y

0 32710 15264

0 0 0

26168 4361

0

0 Y 31512 Y

0 N 0 Y 0 Y 0 Y

25298 Y 8433 Y

0 Y 78503 65243

56697 100309

54591 N 101194 Y

157006 155785

13084 17445

13315 Y 21748 N

30529 35063

17445 47974

8723 8723 8723

65419

44827 N 48378 N

8877 N 8433 N

0 N 72788 N

157007

436128


201516 pound000

183303

443832





201415 201516 201415 201516

234 235 234 235 259 260 259 260

263 264 293 294

20 20 20 20 35 35 20 20 20 20 33 36 31 34


-36shy




pound000 pound000









48 Usable Reserves



31032015 31032016 pound000 pound000










201415 201516 pound000 pound000




-37shy








201415 pound000

201516 pound000


3719 (6153)


52464 (15886)


36578

(3718) (631)


(2885) (971)




















35571 52447


-38shy




201415 201516 pound000 pound000






54 Pensions Reserve


201415 201516 pound000 pound000

(215614) Balance at 1 April (280870)




(280870) Balance at 31 March (256718)



201415 201516 pound000 pound000






-39shy



201415 201516 pound000 pound000






(30063) (43716)


201415 201516 pound000 pound000


12168 (131411)



201415 201516 pound000 pound000



201415 201516 pound000 pound000









201415 201516 pound000 pound000







-40shy


61 Grant Income





187270 184732




93219 94588






348 400





899 145

-41shy













Total Income (31332) (16018) (67292) (6682) (19136) (140460)



Net Expenditure 95238 38228 30695 34678 21776 220615






Total Income (32737) (16343) (64978) (7048) (20474) (141580)



Net Expenditure 95151 41155 30564 35470 22401 224741




201415 201516 pound000 pound000






-42shy





201516 Dep

artm

enta

lA

naly

sis

Ser

vice

s an

dS

uppo

rtS

ervi

ces

not i

nA

naly

sis

Am

ount

s no

tre

port

ed to

Exe

cutiv

e B

oard

for

deci

sion

mak

ing

Am

ount

s no

tin

clud

ed in

the

CIamp

ES

Allo

catio

n of

Rec

harg

es

Cos

t of S

ervi

ces

Cor

pora

teA

mou

nts

Tot

al



Total Income (140460) (51778) (7817) 6453 22907 (170695) (266957) (437652)




201415 Comparatives


Total Income (141580) (53047) (5259) 6012 25493 (168381) (269935) (438316)




-43shy




















-44shy







5 EMPLOYEE BENEFITS









-45shy




















-46shy













Financial Assets






-47shy














a) Civic Regalia


-48shy



Archaeology


Social History



Clocks and Watches






Natural History


Military History






-49shy














-50shy













16 JOINT OPERATIONS



-51shy


17 LEASES




Finance Leases







Operating Leases



Finance Leases





-52shy




Operating Leases









Recognition


Measurement





-53shy

















Impairment






-54shy


Depreciation
















-55shy











Provisions






Contingent Assets


22 RESERVES


-56shy

















-57shy












-58shy




Expenditure












Income




(48) Other Income 0


(46473) Total Income (47629)











-59shy



201516 pound000

7932

8527

(12204)

(3677)

3605

(72)

7860








(132538)

129692

7860

(2846)

1421

(1425)

6435



9559

0

0

5

(7757)

1417









10431

0

146289

5

(7835)

3132

(921)

(13605)



(4470)

(15800)

(1417)

(48)




(3062)

0

(41)



6

2412

(1809)




2925

(1934)

1



5

(12204) 129692

-60shy


1 Housing Stock


As at As at 310315 310316



11275 11230

2 Rent Arrears






201415 201516 pound000 pound000









201516 201415

Total Capital

Investment pound000

Council Dwellings

pound000


(Solar PV) pound000


pound000

Revenue Expenditure

funded from Capital

pound000

HRA Subsidy

Settlement pound000

Total Capital

Investment pound000

40092 (955)


48645 109 (96) 0

1008 (15)

5 0

146289 0

196056 (111)

39137 48549 109 993 5 146289 195945

7550 207

13604 1776

16000


7561 274

14962 1752

24000

0 0

33 76 0

0 0

805 188

0

0 0 0 5 0

0 7561 0 274 0 15800 0 2021

146289 170289

39137 48549 109 993 5 146289 195945



201415 201516 pound000 pound000



1472 3065

-61shy







9559 10345 0 86 10431























-62shy
















CF11 9LJ

8 August 2016

- 63 shy
















-64shy















-65shy



















-66shy













-67shy



Human Resources




Safeguarding








-68shy























-69shy













-70shy

NARRATIVE REPORT


a

Actual Outturn

poundrsquo000 b



poundrsquo000 d


poundrsquo000 e=b+d


poundrsquo000 f=e-a


109399 109108 (291) 232462 341570 232171

Schools


76850 76830 (20) (76830) 0 (76850)

Services 19566 18096 (1470) (18096) 0 (19566)


Precepts

17306 16582 (724) 15666 32248 14942


0 0 0 12430 12430 12430


Financed by

223121 220616 (2505) 167986 388602 165481



0 (3931) (3931) 140298 136367 136367


0 3911 3911



0 20 20


HRA Balance (1481) (1425) (132538)






-3shy

NARRATIVE REPORT







4608

3976 3258 3361

49656 146289

7719 16898

195

169 138 143

2106 6205

327 717

Total 235765 100



Revenue

Finance Leases PFI

174166 4725

21202

18774

16898

7388 200 899

796

717

Total 235765 100


5 Borrowing







-4shy

NARRATIVE REPORT


7 Pension Liability





HRA Subsidy Exit


PFI


Leisure Trust





-5shy

NARRATIVE REPORT




M S Owen

Head of Finance

-6shy



Gen

eral

Fun

dB

alan

ce

Ear

mar

ked

Gen

eral

Fun

dR

eser

ves

Hou

sing

Rev

enue

Acc

ount

Ear

mar

ked

HR

AR

eser

ves

Cap

ital R

ecei

pts

Res

erve

Cap

ital G

rant

sU

napp

lied

Tot

al U

sabl

eR

eser

ves

Unu

sabl

eR

eser

ves

Tot

al C

ounc

ilR

eser

ves


Balance at 1 April 2015 7018 18064 7932 5026 15036 1225 54301 492606 546907









Balance at 31 March 2015 7018 20546 7860 1421 15083 1459 53387 431207 484594









Balance at 31 March 2016 7018 21801 6435 0 14468 802 50524 364462 414986

-8shy



Gross Expenditure

pound000

201415

Income pound000

Net Expenditure

pound000


pound000

201516

Income pound000

Net Expenditure

pound000

12766

14415

(1025)

(4084)

11741

10331



12827

13391

(1139)

(3973)

11688

9418

24636

11470

(7521)

(7084)

17115

4386


Planning Services

20833

8948

(7266)

(5930)

13567

3018


13498

43188

0

51223

63725

3973

1979

378613

(6031)

(46473)

0

(49363)

(19822)

(56)

(476)

(168381)

7467

(3285)

0

1860

43903

3917

1503

210232





Adult Social Care



Cost of Services

18

13349

32123

146289

55440

61977

3855

3699

512264

(5195)

(47629)

0

(52821)

(20025)

0

(1094)

(170695)

8154

(15506)

146289

2619

41952

3855

2605

341569



7 40018 (14722) 25296




51 (40847)


51 4269


44 45 amp 54

(30181)



69608

-9shy

BALANCE SHEET













(1285) Provisions 38 (1506)






484594 Net Assets 414986



-10shy

CASH FLOW STATEMENT


201415 pound000



136367


56 (43716)


57 (131411)






1749


-11shy

























-12shy




Usable Reserves

201516

Gen

eral

Fu

nd

Bal

ance

Ho

usi

ng

Rev

enu

eA

cco

un

t

Cap

ital

Rec

eip

tsR

eser

ve

Cap

ital

Gra

nts

Un

app

lied

Mo

vem

ent

in U

nu

sab

leR

eser

ves





























5084 129692 (615) (657) (133504)

-13shy



Usable Reserves


Gen

eral

Fu

nd

Bal

ance

Ho

usi

ng

Rev

enu

eA

cco

un

t

Cap

ital

Rec

eip

tsR

eser

ve

Cap

ital

Gra

nts

Un

app

lied

Mo

vem

ent

in U

nu

sab

leR

eser

ves





17630 0

9559 0

0 0

0 0

(27189) 0





884 1417 0 0 (2301)






(251) 0 0 251 0


0 0 0 (17) 17



(870) (1417) 2287 0 0








(185) (41) 0 0 226



21505 2412 0 0 (23917)




(921) 0 0 0 921



739 1 0 0 (740)

-14shy8933 (12204) 47 234 2990







Total 18064 (2458) 4940 20546 (5585) 6840 21801


Total 5026 (3605) 0 1421 (1421) 0 0























- 15 shy



201415 201516 pound000 pound000



20907 Total 21737


201415 201516 pound000 pound000


19160 Total 25296


201415 201516 pound000 pound000



(252375) Total (252235)

9 Audit Costs


201415 201516 pound000 pound000


369 346






201415 201516 pound000 pound000






-16shy




201415 201516 pound000 pound000



1008 1273




Ho

me

Imp

rove

men

tL

oan

s

Ho

use

s in

toH

om

es

VV

P -

Em

pty

Pro

per

ties

VV

P -

Pri

vate

Sec

tor

Imp

rove

men

t

VV

P shy

Co

mm

erci

alP

rop

erty

Imp

rove

men

ts


Balance at 1 April 139 139 382 190 0 850


Loans Issued (34) (183) (227) (86) 0 (530)

Loans Repaid 27 101 4 1 0 133

Balance at 31 March 415 315 924 305 100 2059



201415 201516 pound000 pound000


1051 1130 Income




-17shy














-18shy







pound000 pound000


Total 37 60 70 83 107 143 1866 3177


15 Council Tax



A 69

4291

B 79

12540

C 89

16762

D 99

9983

E 119 7899

F 139 4923

G 159 2460

H 189 716

I 219 291


201415 pound000

65105 0

65105



201516 pound000

67503 0

67503



201415 201516 pound000 pound000






-19shy


17 Related Parties


Central Government


Other Public Bodies


















-20shy







Additions 48645 12281 13415 6208 (147) 66 1991 82459 16313 585






Other Movements 0 397 0 0 0 231 (83) 545 0 0

At 31032016 571699 355744 57913 114322 16932 8014 1991 1126615 33265 11100









Other Movements 0 (223) 0 0 0 326 103 0 0

At 31032016 (42677) (49090) (27180) (16480) (1129) (3854) 0 (140410) (4041) (8866)

Net Book Value

At 31032016 529022 306654 30733 97842 15803 4160 1991 986205 29224 2234

At 31032015 494975 269984 20568 94086 15960 4714 83 900370 12871 2414

-21shy







Additions 37995 4808 2703 4336 226 380 6 50454 74 2






Other Movements 0 (704) 0 0 2 702 0 0 0 0

At 31032015 526116 333035 44608 108114 17079 8851 83 1037886 16140 10515









Other Movements 0 210 0 0 (2) (88) 0 120 0 0

At 31032015 (31141) (63051) (24040) (14028) (1119) (4137) 0 (137516) (3269) (8101)

Net Book Value

At 3132015 494975 269984 20568 94086 15960 4714 83 900370 12871 2414

At 1042014 468090 279404 21520 92095 15744 3958 77 880888 12601 3281

-22shy




21 Depreciation




22 Revaluations









pound000


12549



-23shy


25 Heritage Assets



Civic Regalia

pound000

Fine amp Decorative

Art pound000


History pound000

Welsh Football

pound000






86 65 69 204 49 28 501

Additions 0 0 0 0 38 0 38


0 0 0 0 (36) 0 (36)

At 31 March 2015 86 65 69 204 51 28 503


86 65 69 204 51 28 503

Additions 0 0 0 0 1 0 1


0 0 0 0 (1) 0 (1)

At 31 March 2016 86 65 69 204 51 28 503



















-24shy








1 Exhibitions


2 Online Catalogue






Property Plant amp

Equipment pound000

201516 Revenue

Expenditure Funded


Settlement Payment



54921 79920 39 9517 146289 235765

Financed Byshy





54921 79920 39 9517 146289 235765



201415 201516 pound000 pound000






-25shy




201415 201516 pound000 pound000







39 44





31032015 pound000

31032016 pound000

8 92 45


5 84 29

145 118












Assets sold (1099) 0 (1067) 0



-26shy






Finance Assets




















-27shy




















Credit Risk





Banks UK

Non UK


4550 3400 5000

0 0 0

0 0 0

0 0 0

4550 3400 5000



-28shy




Liquidity risk


pound000


291665


Market risk




pound000







Price risk






Principal pound000


pound000


Principal pound000


pound000





-29shy



31032015 31032016 pound000 pound000




31032015 31032016 pound000 pound000








37 Creditors

Short-term 31032015 31032016

pound000 pound000

Long-term 31032015 31032016

pound000 pound000


(4236) (4101)

(278) (14788) (23403)

(3712) (3343)

(292) (16330) (23677)

(867) 0 0

(1734) (2601)

(2059) 0 0

(2267) (4326)

38 Provisions

Insurance Provision

pound000


pound000

Current Benefits


pound000 pound000

Total Provision

pound000

Non Current

Landfill Provision

pound000

Balance at 1 April 2015 (602) (45) (113) (525) (1285) (2452)


(431) (401) 41 0 (791) 13

Amounts used in 201516 553 17 0 0 570 0

Balance at 31 March 2016 (480) (429) (72) (525) (1506) (2439)






-30shy


39 Borrowings





Market (23800) (814) 1783 (22831) (23800) (800) 1765 (22835)




Market 0 (149) 0 (149) 0 (152) 0 (152)


Bonds (98) (1) 0 (99) (121) (2) 0 (123)







Value at 1 April 2015 11703 1168 12871

Additions 8164 8149 16313



Value at 31 March 2016 20229 8995 29224





286315 68374 26462 381151


-31shy




201415 201516 pound000 pound000







41 Leases

Finance Leases


31032015 31032016 pound000 pound000


2414 2234


31032015 31032016 pound000 pound000









1922 1776 1811 1689

Operating Leases





1921 87 1601 1688

-32shy


41 Leases contd



pound000 pound000




546 620


31032015 31032016 pound000 pound000


5293 5105













-33shy






















Other 0 0







-34shy








250801 228883 30069 27835













Balance at 1 April 566434 686929 28903 30069




Other 0 0 0 0


Balance at 31 March 686929 672715 30069 27835

-35shy









Total assets


201415 pound000

13083 4438 Y

0 32710 15264

0 0 0

26168 4361

0

0 Y 31512 Y

0 N 0 Y 0 Y 0 Y

25298 Y 8433 Y

0 Y 78503 65243

56697 100309

54591 N 101194 Y

157006 155785

13084 17445

13315 Y 21748 N

30529 35063

17445 47974

8723 8723 8723

65419

44827 N 48378 N

8877 N 8433 N

0 N 72788 N

157007

436128


201516 pound000

183303

443832





201415 201516 201415 201516

234 235 234 235 259 260 259 260

263 264 293 294

20 20 20 20 35 35 20 20 20 20 33 36 31 34


-36shy




pound000 pound000









48 Usable Reserves



31032015 31032016 pound000 pound000










201415 201516 pound000 pound000




-37shy








201415 pound000

201516 pound000


3719 (6153)


52464 (15886)


36578

(3718) (631)


(2885) (971)




















35571 52447


-38shy




201415 201516 pound000 pound000






54 Pensions Reserve


201415 201516 pound000 pound000

(215614) Balance at 1 April (280870)




(280870) Balance at 31 March (256718)



201415 201516 pound000 pound000






-39shy



201415 201516 pound000 pound000






(30063) (43716)


201415 201516 pound000 pound000


12168 (131411)



201415 201516 pound000 pound000



201415 201516 pound000 pound000









201415 201516 pound000 pound000







-40shy


61 Grant Income





187270 184732




93219 94588






348 400





899 145

-41shy













Total Income (31332) (16018) (67292) (6682) (19136) (140460)



Net Expenditure 95238 38228 30695 34678 21776 220615






Total Income (32737) (16343) (64978) (7048) (20474) (141580)



Net Expenditure 95151 41155 30564 35470 22401 224741




201415 201516 pound000 pound000






-42shy





201516 Dep

artm

enta

lA

naly

sis

Ser

vice

s an

dS

uppo

rtS

ervi

ces

not i

nA

naly

sis

Am

ount

s no

tre

port

ed to

Exe

cutiv

e B

oard

for

deci

sion

mak

ing

Am

ount

s no

tin

clud

ed in

the

CIamp

ES

Allo

catio

n of

Rec

harg

es

Cos

t of S

ervi

ces

Cor

pora

teA

mou

nts

Tot

al



Total Income (140460) (51778) (7817) 6453 22907 (170695) (266957) (437652)




201415 Comparatives


Total Income (141580) (53047) (5259) 6012 25493 (168381) (269935) (438316)




-43shy




















-44shy







5 EMPLOYEE BENEFITS









-45shy




















-46shy













Financial Assets






-47shy














a) Civic Regalia


-48shy



Archaeology


Social History



Clocks and Watches






Natural History


Military History






-49shy














-50shy













16 JOINT OPERATIONS



-51shy


17 LEASES




Finance Leases







Operating Leases



Finance Leases





-52shy




Operating Leases









Recognition


Measurement





-53shy

















Impairment






-54shy


Depreciation
















-55shy











Provisions






Contingent Assets


22 RESERVES


-56shy

















-57shy












-58shy




Expenditure












Income




(48) Other Income 0


(46473) Total Income (47629)











-59shy



201516 pound000

7932

8527

(12204)

(3677)

3605

(72)

7860








(132538)

129692

7860

(2846)

1421

(1425)

6435



9559

0

0

5

(7757)

1417









10431

0

146289

5

(7835)

3132

(921)

(13605)



(4470)

(15800)

(1417)

(48)




(3062)

0

(41)



6

2412

(1809)




2925

(1934)

1



5

(12204) 129692

-60shy


1 Housing Stock


As at As at 310315 310316



11275 11230

2 Rent Arrears






201415 201516 pound000 pound000









201516 201415

Total Capital

Investment pound000

Council Dwellings

pound000


(Solar PV) pound000


pound000

Revenue Expenditure

funded from Capital

pound000

HRA Subsidy

Settlement pound000

Total Capital

Investment pound000

40092 (955)


48645 109 (96) 0

1008 (15)

5 0

146289 0

196056 (111)

39137 48549 109 993 5 146289 195945

7550 207

13604 1776

16000


7561 274

14962 1752

24000

0 0

33 76 0

0 0

805 188

0

0 0 0 5 0

0 7561 0 274 0 15800 0 2021

146289 170289

39137 48549 109 993 5 146289 195945



201415 201516 pound000 pound000



1472 3065

-61shy







9559 10345 0 86 10431























-62shy
















CF11 9LJ

8 August 2016

- 63 shy
















-64shy















-65shy



















-66shy













-67shy



Human Resources




Safeguarding








-68shy























-69shy













-70shy

NARRATIVE REPORT







4608

3976 3258 3361

49656 146289

7719 16898

195

169 138 143

2106 6205

327 717

Total 235765 100



Revenue

Finance Leases PFI

174166 4725

21202

18774

16898

7388 200 899

796

717

Total 235765 100


5 Borrowing







-4shy

NARRATIVE REPORT


7 Pension Liability





HRA Subsidy Exit


PFI


Leisure Trust





-5shy

NARRATIVE REPORT




M S Owen

Head of Finance

-6shy



Gen

eral

Fun

dB

alan

ce

Ear

mar

ked

Gen

eral

Fun

dR

eser

ves

Hou

sing

Rev

enue

Acc

ount

Ear

mar

ked

HR

AR

eser

ves

Cap

ital R

ecei

pts

Res

erve

Cap

ital G

rant

sU

napp

lied

Tot

al U

sabl

eR

eser

ves

Unu

sabl

eR

eser

ves

Tot

al C

ounc

ilR

eser

ves


Balance at 1 April 2015 7018 18064 7932 5026 15036 1225 54301 492606 546907









Balance at 31 March 2015 7018 20546 7860 1421 15083 1459 53387 431207 484594









Balance at 31 March 2016 7018 21801 6435 0 14468 802 50524 364462 414986

-8shy



Gross Expenditure

pound000

201415

Income pound000

Net Expenditure

pound000


pound000

201516

Income pound000

Net Expenditure

pound000

12766

14415

(1025)

(4084)

11741

10331



12827

13391

(1139)

(3973)

11688

9418

24636

11470

(7521)

(7084)

17115

4386


Planning Services

20833

8948

(7266)

(5930)

13567

3018


13498

43188

0

51223

63725

3973

1979

378613

(6031)

(46473)

0

(49363)

(19822)

(56)

(476)

(168381)

7467

(3285)

0

1860

43903

3917

1503

210232





Adult Social Care



Cost of Services

18

13349

32123

146289

55440

61977

3855

3699

512264

(5195)

(47629)

0

(52821)

(20025)

0

(1094)

(170695)

8154

(15506)

146289

2619

41952

3855

2605

341569



7 40018 (14722) 25296




51 (40847)


51 4269


44 45 amp 54

(30181)



69608

-9shy

BALANCE SHEET













(1285) Provisions 38 (1506)






484594 Net Assets 414986



-10shy

CASH FLOW STATEMENT


201415 pound000



136367


56 (43716)


57 (131411)






1749


-11shy

























-12shy




Usable Reserves

201516

Gen

eral

Fu

nd

Bal

ance

Ho

usi

ng

Rev

enu

eA

cco

un

t

Cap

ital

Rec

eip

tsR

eser

ve

Cap

ital

Gra

nts

Un

app

lied

Mo

vem

ent

in U

nu

sab

leR

eser

ves





























5084 129692 (615) (657) (133504)

-13shy



Usable Reserves


Gen

eral

Fu

nd

Bal

ance

Ho

usi

ng

Rev

enu

eA

cco

un

t

Cap

ital

Rec

eip

tsR

eser

ve

Cap

ital

Gra

nts

Un

app

lied

Mo

vem

ent

in U

nu

sab

leR

eser

ves





17630 0

9559 0

0 0

0 0

(27189) 0





884 1417 0 0 (2301)






(251) 0 0 251 0


0 0 0 (17) 17



(870) (1417) 2287 0 0








(185) (41) 0 0 226



21505 2412 0 0 (23917)




(921) 0 0 0 921



739 1 0 0 (740)

-14shy8933 (12204) 47 234 2990







Total 18064 (2458) 4940 20546 (5585) 6840 21801


Total 5026 (3605) 0 1421 (1421) 0 0























- 15 shy



201415 201516 pound000 pound000



20907 Total 21737


201415 201516 pound000 pound000


19160 Total 25296


201415 201516 pound000 pound000



(252375) Total (252235)

9 Audit Costs


201415 201516 pound000 pound000


369 346






201415 201516 pound000 pound000






-16shy




201415 201516 pound000 pound000



1008 1273




Ho

me

Imp

rove

men

tL

oan

s

Ho

use

s in

toH

om

es

VV

P -

Em

pty

Pro

per

ties

VV

P -

Pri

vate

Sec

tor

Imp

rove

men

t

VV

P shy

Co

mm

erci

alP

rop

erty

Imp

rove

men

ts


Balance at 1 April 139 139 382 190 0 850


Loans Issued (34) (183) (227) (86) 0 (530)

Loans Repaid 27 101 4 1 0 133

Balance at 31 March 415 315 924 305 100 2059



201415 201516 pound000 pound000


1051 1130 Income




-17shy














-18shy







pound000 pound000


Total 37 60 70 83 107 143 1866 3177


15 Council Tax



A 69

4291

B 79

12540

C 89

16762

D 99

9983

E 119 7899

F 139 4923

G 159 2460

H 189 716

I 219 291


201415 pound000

65105 0

65105



201516 pound000

67503 0

67503



201415 201516 pound000 pound000






-19shy


17 Related Parties


Central Government


Other Public Bodies


















-20shy







Additions 48645 12281 13415 6208 (147) 66 1991 82459 16313 585






Other Movements 0 397 0 0 0 231 (83) 545 0 0

At 31032016 571699 355744 57913 114322 16932 8014 1991 1126615 33265 11100









Other Movements 0 (223) 0 0 0 326 103 0 0

At 31032016 (42677) (49090) (27180) (16480) (1129) (3854) 0 (140410) (4041) (8866)

Net Book Value

At 31032016 529022 306654 30733 97842 15803 4160 1991 986205 29224 2234

At 31032015 494975 269984 20568 94086 15960 4714 83 900370 12871 2414

-21shy







Additions 37995 4808 2703 4336 226 380 6 50454 74 2






Other Movements 0 (704) 0 0 2 702 0 0 0 0

At 31032015 526116 333035 44608 108114 17079 8851 83 1037886 16140 10515









Other Movements 0 210 0 0 (2) (88) 0 120 0 0

At 31032015 (31141) (63051) (24040) (14028) (1119) (4137) 0 (137516) (3269) (8101)

Net Book Value

At 3132015 494975 269984 20568 94086 15960 4714 83 900370 12871 2414

At 1042014 468090 279404 21520 92095 15744 3958 77 880888 12601 3281

-22shy




21 Depreciation




22 Revaluations









pound000


12549



-23shy


25 Heritage Assets



Civic Regalia

pound000

Fine amp Decorative

Art pound000


History pound000

Welsh Football

pound000






86 65 69 204 49 28 501

Additions 0 0 0 0 38 0 38


0 0 0 0 (36) 0 (36)

At 31 March 2015 86 65 69 204 51 28 503


86 65 69 204 51 28 503

Additions 0 0 0 0 1 0 1


0 0 0 0 (1) 0 (1)

At 31 March 2016 86 65 69 204 51 28 503



















-24shy








1 Exhibitions


2 Online Catalogue






Property Plant amp

Equipment pound000

201516 Revenue

Expenditure Funded


Settlement Payment



54921 79920 39 9517 146289 235765

Financed Byshy





54921 79920 39 9517 146289 235765



201415 201516 pound000 pound000






-25shy




201415 201516 pound000 pound000







39 44





31032015 pound000

31032016 pound000

8 92 45


5 84 29

145 118












Assets sold (1099) 0 (1067) 0



-26shy






Finance Assets




















-27shy




















Credit Risk





Banks UK

Non UK


4550 3400 5000

0 0 0

0 0 0

0 0 0

4550 3400 5000



-28shy




Liquidity risk


pound000


291665


Market risk




pound000







Price risk






Principal pound000


pound000


Principal pound000


pound000





-29shy



31032015 31032016 pound000 pound000




31032015 31032016 pound000 pound000








37 Creditors

Short-term 31032015 31032016

pound000 pound000

Long-term 31032015 31032016

pound000 pound000


(4236) (4101)

(278) (14788) (23403)

(3712) (3343)

(292) (16330) (23677)

(867) 0 0

(1734) (2601)

(2059) 0 0

(2267) (4326)

38 Provisions

Insurance Provision

pound000


pound000

Current Benefits


pound000 pound000

Total Provision

pound000

Non Current

Landfill Provision

pound000

Balance at 1 April 2015 (602) (45) (113) (525) (1285) (2452)


(431) (401) 41 0 (791) 13

Amounts used in 201516 553 17 0 0 570 0

Balance at 31 March 2016 (480) (429) (72) (525) (1506) (2439)






-30shy


39 Borrowings





Market (23800) (814) 1783 (22831) (23800) (800) 1765 (22835)




Market 0 (149) 0 (149) 0 (152) 0 (152)


Bonds (98) (1) 0 (99) (121) (2) 0 (123)







Value at 1 April 2015 11703 1168 12871

Additions 8164 8149 16313



Value at 31 March 2016 20229 8995 29224





286315 68374 26462 381151


-31shy




201415 201516 pound000 pound000







41 Leases

Finance Leases


31032015 31032016 pound000 pound000


2414 2234


31032015 31032016 pound000 pound000









1922 1776 1811 1689

Operating Leases





1921 87 1601 1688

-32shy


41 Leases contd



pound000 pound000




546 620


31032015 31032016 pound000 pound000


5293 5105













-33shy






















Other 0 0







-34shy








250801 228883 30069 27835













Balance at 1 April 566434 686929 28903 30069




Other 0 0 0 0


Balance at 31 March 686929 672715 30069 27835

-35shy









Total assets


201415 pound000

13083 4438 Y

0 32710 15264

0 0 0

26168 4361

0

0 Y 31512 Y

0 N 0 Y 0 Y 0 Y

25298 Y 8433 Y

0 Y 78503 65243

56697 100309

54591 N 101194 Y

157006 155785

13084 17445

13315 Y 21748 N

30529 35063

17445 47974

8723 8723 8723

65419

44827 N 48378 N

8877 N 8433 N

0 N 72788 N

157007

436128


201516 pound000

183303

443832





201415 201516 201415 201516

234 235 234 235 259 260 259 260

263 264 293 294

20 20 20 20 35 35 20 20 20 20 33 36 31 34


-36shy




pound000 pound000









48 Usable Reserves



31032015 31032016 pound000 pound000










201415 201516 pound000 pound000




-37shy








201415 pound000

201516 pound000


3719 (6153)


52464 (15886)


36578

(3718) (631)


(2885) (971)




















35571 52447


-38shy




201415 201516 pound000 pound000






54 Pensions Reserve


201415 201516 pound000 pound000

(215614) Balance at 1 April (280870)




(280870) Balance at 31 March (256718)



201415 201516 pound000 pound000






-39shy



201415 201516 pound000 pound000






(30063) (43716)


201415 201516 pound000 pound000


12168 (131411)



201415 201516 pound000 pound000



201415 201516 pound000 pound000









201415 201516 pound000 pound000







-40shy


61 Grant Income





187270 184732




93219 94588






348 400





899 145

-41shy













Total Income (31332) (16018) (67292) (6682) (19136) (140460)



Net Expenditure 95238 38228 30695 34678 21776 220615






Total Income (32737) (16343) (64978) (7048) (20474) (141580)



Net Expenditure 95151 41155 30564 35470 22401 224741




201415 201516 pound000 pound000






-42shy





201516 Dep

artm

enta

lA

naly

sis

Ser

vice

s an

dS

uppo

rtS

ervi

ces

not i

nA

naly

sis

Am

ount

s no

tre

port

ed to

Exe

cutiv

e B

oard

for

deci

sion

mak

ing

Am

ount

s no

tin

clud

ed in

the

CIamp

ES

Allo

catio

n of

Rec

harg

es

Cos

t of S

ervi

ces

Cor

pora

teA

mou

nts

Tot

al



Total Income (140460) (51778) (7817) 6453 22907 (170695) (266957) (437652)




201415 Comparatives


Total Income (141580) (53047) (5259) 6012 25493 (168381) (269935) (438316)




-43shy




















-44shy







5 EMPLOYEE BENEFITS









-45shy




















-46shy













Financial Assets






-47shy














a) Civic Regalia


-48shy



Archaeology


Social History



Clocks and Watches






Natural History


Military History






-49shy














-50shy













16 JOINT OPERATIONS



-51shy


17 LEASES




Finance Leases







Operating Leases



Finance Leases





-52shy




Operating Leases









Recognition


Measurement





-53shy

















Impairment






-54shy


Depreciation
















-55shy











Provisions






Contingent Assets


22 RESERVES


-56shy

















-57shy












-58shy




Expenditure












Income




(48) Other Income 0


(46473) Total Income (47629)











-59shy



201516 pound000

7932

8527

(12204)

(3677)

3605

(72)

7860








(132538)

129692

7860

(2846)

1421

(1425)

6435



9559

0

0

5

(7757)

1417









10431

0

146289

5

(7835)

3132

(921)

(13605)



(4470)

(15800)

(1417)

(48)




(3062)

0

(41)



6

2412

(1809)




2925

(1934)

1



5

(12204) 129692

-60shy


1 Housing Stock


As at As at 310315 310316



11275 11230

2 Rent Arrears






201415 201516 pound000 pound000









201516 201415

Total Capital

Investment pound000

Council Dwellings

pound000


(Solar PV) pound000


pound000

Revenue Expenditure

funded from Capital

pound000

HRA Subsidy

Settlement pound000

Total Capital

Investment pound000

40092 (955)


48645 109 (96) 0

1008 (15)

5 0

146289 0

196056 (111)

39137 48549 109 993 5 146289 195945

7550 207

13604 1776

16000


7561 274

14962 1752

24000

0 0

33 76 0

0 0

805 188

0

0 0 0 5 0

0 7561 0 274 0 15800 0 2021

146289 170289

39137 48549 109 993 5 146289 195945



201415 201516 pound000 pound000



1472 3065

-61shy







9559 10345 0 86 10431























-62shy
















CF11 9LJ

8 August 2016

- 63 shy
















-64shy















-65shy



















-66shy













-67shy



Human Resources




Safeguarding








-68shy























-69shy













-70shy

NARRATIVE REPORT


7 Pension Liability





HRA Subsidy Exit


PFI


Leisure Trust





-5shy

NARRATIVE REPORT




M S Owen

Head of Finance

-6shy



Gen

eral

Fun

dB

alan

ce

Ear

mar

ked

Gen

eral

Fun

dR

eser

ves

Hou

sing

Rev

enue

Acc

ount

Ear

mar

ked

HR

AR

eser

ves

Cap

ital R

ecei

pts

Res

erve

Cap

ital G

rant

sU

napp

lied

Tot

al U

sabl

eR

eser

ves

Unu

sabl

eR

eser

ves

Tot

al C

ounc

ilR

eser

ves


Balance at 1 April 2015 7018 18064 7932 5026 15036 1225 54301 492606 546907









Balance at 31 March 2015 7018 20546 7860 1421 15083 1459 53387 431207 484594









Balance at 31 March 2016 7018 21801 6435 0 14468 802 50524 364462 414986

-8shy



Gross Expenditure

pound000

201415

Income pound000

Net Expenditure

pound000


pound000

201516

Income pound000

Net Expenditure

pound000

12766

14415

(1025)

(4084)

11741

10331



12827

13391

(1139)

(3973)

11688

9418

24636

11470

(7521)

(7084)

17115

4386


Planning Services

20833

8948

(7266)

(5930)

13567

3018


13498

43188

0

51223

63725

3973

1979

378613

(6031)

(46473)

0

(49363)

(19822)

(56)

(476)

(168381)

7467

(3285)

0

1860

43903

3917

1503

210232





Adult Social Care



Cost of Services

18

13349

32123

146289

55440

61977

3855

3699

512264

(5195)

(47629)

0

(52821)

(20025)

0

(1094)

(170695)

8154

(15506)

146289

2619

41952

3855

2605

341569



7 40018 (14722) 25296




51 (40847)


51 4269


44 45 amp 54

(30181)



69608

-9shy

BALANCE SHEET













(1285) Provisions 38 (1506)






484594 Net Assets 414986



-10shy

CASH FLOW STATEMENT


201415 pound000



136367


56 (43716)


57 (131411)






1749


-11shy

























-12shy




Usable Reserves

201516

Gen

eral

Fu

nd

Bal

ance

Ho

usi

ng

Rev

enu

eA

cco

un

t

Cap

ital

Rec

eip

tsR

eser

ve

Cap

ital

Gra

nts

Un

app

lied

Mo

vem

ent

in U

nu

sab

leR

eser

ves





























5084 129692 (615) (657) (133504)

-13shy



Usable Reserves


Gen

eral

Fu

nd

Bal

ance

Ho

usi

ng

Rev

enu

eA

cco

un

t

Cap

ital

Rec

eip

tsR

eser

ve

Cap

ital

Gra

nts

Un

app

lied

Mo

vem

ent

in U

nu

sab

leR

eser

ves





17630 0

9559 0

0 0

0 0

(27189) 0





884 1417 0 0 (2301)






(251) 0 0 251 0


0 0 0 (17) 17



(870) (1417) 2287 0 0








(185) (41) 0 0 226



21505 2412 0 0 (23917)




(921) 0 0 0 921



739 1 0 0 (740)

-14shy8933 (12204) 47 234 2990







Total 18064 (2458) 4940 20546 (5585) 6840 21801


Total 5026 (3605) 0 1421 (1421) 0 0























- 15 shy



201415 201516 pound000 pound000



20907 Total 21737


201415 201516 pound000 pound000


19160 Total 25296


201415 201516 pound000 pound000



(252375) Total (252235)

9 Audit Costs


201415 201516 pound000 pound000


369 346






201415 201516 pound000 pound000






-16shy




201415 201516 pound000 pound000



1008 1273




Ho

me

Imp

rove

men

tL

oan

s

Ho

use

s in

toH

om

es

VV

P -

Em

pty

Pro

per

ties

VV

P -

Pri

vate

Sec

tor

Imp

rove

men

t

VV

P shy

Co

mm

erci

alP

rop

erty

Imp

rove

men

ts


Balance at 1 April 139 139 382 190 0 850


Loans Issued (34) (183) (227) (86) 0 (530)

Loans Repaid 27 101 4 1 0 133

Balance at 31 March 415 315 924 305 100 2059



201415 201516 pound000 pound000


1051 1130 Income




-17shy














-18shy







pound000 pound000


Total 37 60 70 83 107 143 1866 3177


15 Council Tax



A 69

4291

B 79

12540

C 89

16762

D 99

9983

E 119 7899

F 139 4923

G 159 2460

H 189 716

I 219 291


201415 pound000

65105 0

65105



201516 pound000

67503 0

67503



201415 201516 pound000 pound000






-19shy


17 Related Parties


Central Government


Other Public Bodies


















-20shy







Additions 48645 12281 13415 6208 (147) 66 1991 82459 16313 585






Other Movements 0 397 0 0 0 231 (83) 545 0 0

At 31032016 571699 355744 57913 114322 16932 8014 1991 1126615 33265 11100









Other Movements 0 (223) 0 0 0 326 103 0 0

At 31032016 (42677) (49090) (27180) (16480) (1129) (3854) 0 (140410) (4041) (8866)

Net Book Value

At 31032016 529022 306654 30733 97842 15803 4160 1991 986205 29224 2234

At 31032015 494975 269984 20568 94086 15960 4714 83 900370 12871 2414

-21shy







Additions 37995 4808 2703 4336 226 380 6 50454 74 2






Other Movements 0 (704) 0 0 2 702 0 0 0 0

At 31032015 526116 333035 44608 108114 17079 8851 83 1037886 16140 10515









Other Movements 0 210 0 0 (2) (88) 0 120 0 0

At 31032015 (31141) (63051) (24040) (14028) (1119) (4137) 0 (137516) (3269) (8101)

Net Book Value

At 3132015 494975 269984 20568 94086 15960 4714 83 900370 12871 2414

At 1042014 468090 279404 21520 92095 15744 3958 77 880888 12601 3281

-22shy




21 Depreciation




22 Revaluations









pound000


12549



-23shy


25 Heritage Assets



Civic Regalia

pound000

Fine amp Decorative

Art pound000


History pound000

Welsh Football

pound000






86 65 69 204 49 28 501

Additions 0 0 0 0 38 0 38


0 0 0 0 (36) 0 (36)

At 31 March 2015 86 65 69 204 51 28 503


86 65 69 204 51 28 503

Additions 0 0 0 0 1 0 1


0 0 0 0 (1) 0 (1)

At 31 March 2016 86 65 69 204 51 28 503



















-24shy








1 Exhibitions


2 Online Catalogue






Property Plant amp

Equipment pound000

201516 Revenue

Expenditure Funded


Settlement Payment



54921 79920 39 9517 146289 235765

Financed Byshy





54921 79920 39 9517 146289 235765



201415 201516 pound000 pound000






-25shy




201415 201516 pound000 pound000







39 44





31032015 pound000

31032016 pound000

8 92 45


5 84 29

145 118












Assets sold (1099) 0 (1067) 0



-26shy






Finance Assets




















-27shy




















Credit Risk





Banks UK

Non UK


4550 3400 5000

0 0 0

0 0 0

0 0 0

4550 3400 5000



-28shy




Liquidity risk


pound000


291665


Market risk




pound000







Price risk






Principal pound000


pound000


Principal pound000


pound000





-29shy



31032015 31032016 pound000 pound000




31032015 31032016 pound000 pound000








37 Creditors

Short-term 31032015 31032016

pound000 pound000

Long-term 31032015 31032016

pound000 pound000


(4236) (4101)

(278) (14788) (23403)

(3712) (3343)

(292) (16330) (23677)

(867) 0 0

(1734) (2601)

(2059) 0 0

(2267) (4326)

38 Provisions

Insurance Provision

pound000


pound000

Current Benefits


pound000 pound000

Total Provision

pound000

Non Current

Landfill Provision

pound000

Balance at 1 April 2015 (602) (45) (113) (525) (1285) (2452)


(431) (401) 41 0 (791) 13

Amounts used in 201516 553 17 0 0 570 0

Balance at 31 March 2016 (480) (429) (72) (525) (1506) (2439)






-30shy


39 Borrowings





Market (23800) (814) 1783 (22831) (23800) (800) 1765 (22835)




Market 0 (149) 0 (149) 0 (152) 0 (152)


Bonds (98) (1) 0 (99) (121) (2) 0 (123)







Value at 1 April 2015 11703 1168 12871

Additions 8164 8149 16313



Value at 31 March 2016 20229 8995 29224





286315 68374 26462 381151


-31shy




201415 201516 pound000 pound000







41 Leases

Finance Leases


31032015 31032016 pound000 pound000


2414 2234


31032015 31032016 pound000 pound000









1922 1776 1811 1689

Operating Leases





1921 87 1601 1688

-32shy


41 Leases contd



pound000 pound000




546 620


31032015 31032016 pound000 pound000


5293 5105













-33shy






















Other 0 0







-34shy








250801 228883 30069 27835













Balance at 1 April 566434 686929 28903 30069




Other 0 0 0 0


Balance at 31 March 686929 672715 30069 27835

-35shy









Total assets


201415 pound000

13083 4438 Y

0 32710 15264

0 0 0

26168 4361

0

0 Y 31512 Y

0 N 0 Y 0 Y 0 Y

25298 Y 8433 Y

0 Y 78503 65243

56697 100309

54591 N 101194 Y

157006 155785

13084 17445

13315 Y 21748 N

30529 35063

17445 47974

8723 8723 8723

65419

44827 N 48378 N

8877 N 8433 N

0 N 72788 N

157007

436128


201516 pound000

183303

443832





201415 201516 201415 201516

234 235 234 235 259 260 259 260

263 264 293 294

20 20 20 20 35 35 20 20 20 20 33 36 31 34


-36shy




pound000 pound000









48 Usable Reserves



31032015 31032016 pound000 pound000










201415 201516 pound000 pound000




-37shy








201415 pound000

201516 pound000


3719 (6153)


52464 (15886)


36578

(3718) (631)


(2885) (971)




















35571 52447


-38shy




201415 201516 pound000 pound000






54 Pensions Reserve


201415 201516 pound000 pound000

(215614) Balance at 1 April (280870)




(280870) Balance at 31 March (256718)



201415 201516 pound000 pound000






-39shy



201415 201516 pound000 pound000






(30063) (43716)


201415 201516 pound000 pound000


12168 (131411)



201415 201516 pound000 pound000



201415 201516 pound000 pound000









201415 201516 pound000 pound000







-40shy


61 Grant Income





187270 184732




93219 94588






348 400





899 145

-41shy













Total Income (31332) (16018) (67292) (6682) (19136) (140460)



Net Expenditure 95238 38228 30695 34678 21776 220615






Total Income (32737) (16343) (64978) (7048) (20474) (141580)



Net Expenditure 95151 41155 30564 35470 22401 224741




201415 201516 pound000 pound000






-42shy





201516 Dep

artm

enta

lA

naly

sis

Ser

vice

s an

dS

uppo

rtS

ervi

ces

not i

nA

naly

sis

Am

ount

s no

tre

port

ed to

Exe

cutiv

e B

oard

for

deci

sion

mak

ing

Am

ount

s no

tin

clud

ed in

the

CIamp

ES

Allo

catio

n of

Rec

harg

es

Cos

t of S

ervi

ces

Cor

pora

teA

mou

nts

Tot

al



Total Income (140460) (51778) (7817) 6453 22907 (170695) (266957) (437652)




201415 Comparatives


Total Income (141580) (53047) (5259) 6012 25493 (168381) (269935) (438316)




-43shy




















-44shy







5 EMPLOYEE BENEFITS









-45shy




















-46shy













Financial Assets






-47shy














a) Civic Regalia


-48shy



Archaeology


Social History



Clocks and Watches






Natural History


Military History






-49shy














-50shy













16 JOINT OPERATIONS



-51shy


17 LEASES




Finance Leases







Operating Leases



Finance Leases





-52shy




Operating Leases









Recognition


Measurement





-53shy

















Impairment






-54shy


Depreciation
















-55shy











Provisions






Contingent Assets


22 RESERVES


-56shy

















-57shy












-58shy




Expenditure












Income




(48) Other Income 0


(46473) Total Income (47629)











-59shy



201516 pound000

7932

8527

(12204)

(3677)

3605

(72)

7860








(132538)

129692

7860

(2846)

1421

(1425)

6435



9559

0

0

5

(7757)

1417









10431

0

146289

5

(7835)

3132

(921)

(13605)



(4470)

(15800)

(1417)

(48)




(3062)

0

(41)



6

2412

(1809)




2925

(1934)

1



5

(12204) 129692

-60shy


1 Housing Stock


As at As at 310315 310316



11275 11230

2 Rent Arrears






201415 201516 pound000 pound000









201516 201415

Total Capital

Investment pound000

Council Dwellings

pound000


(Solar PV) pound000


pound000

Revenue Expenditure

funded from Capital

pound000

HRA Subsidy

Settlement pound000

Total Capital

Investment pound000

40092 (955)


48645 109 (96) 0

1008 (15)

5 0

146289 0

196056 (111)

39137 48549 109 993 5 146289 195945

7550 207

13604 1776

16000


7561 274

14962 1752

24000

0 0

33 76 0

0 0

805 188

0

0 0 0 5 0

0 7561 0 274 0 15800 0 2021

146289 170289

39137 48549 109 993 5 146289 195945



201415 201516 pound000 pound000



1472 3065

-61shy







9559 10345 0 86 10431























-62shy
















CF11 9LJ

8 August 2016

- 63 shy
















-64shy















-65shy



















-66shy













-67shy



Human Resources




Safeguarding








-68shy























-69shy













-70shy

NARRATIVE REPORT




M S Owen

Head of Finance

-6shy



Gen

eral

Fun

dB

alan

ce

Ear

mar

ked

Gen

eral

Fun

dR

eser

ves

Hou

sing

Rev

enue

Acc

ount

Ear

mar

ked

HR

AR

eser

ves

Cap

ital R

ecei

pts

Res

erve

Cap

ital G

rant

sU

napp

lied

Tot

al U

sabl

eR

eser

ves

Unu

sabl

eR

eser

ves

Tot

al C

ounc

ilR

eser

ves


Balance at 1 April 2015 7018 18064 7932 5026 15036 1225 54301 492606 546907









Balance at 31 March 2015 7018 20546 7860 1421 15083 1459 53387 431207 484594









Balance at 31 March 2016 7018 21801 6435 0 14468 802 50524 364462 414986

-8shy



Gross Expenditure

pound000

201415

Income pound000

Net Expenditure

pound000


pound000

201516

Income pound000

Net Expenditure

pound000

12766

14415

(1025)

(4084)

11741

10331



12827

13391

(1139)

(3973)

11688

9418

24636

11470

(7521)

(7084)

17115

4386


Planning Services

20833

8948

(7266)

(5930)

13567

3018


13498

43188

0

51223

63725

3973

1979

378613

(6031)

(46473)

0

(49363)

(19822)

(56)

(476)

(168381)

7467

(3285)

0

1860

43903

3917

1503

210232





Adult Social Care



Cost of Services

18

13349

32123

146289

55440

61977

3855

3699

512264

(5195)

(47629)

0

(52821)

(20025)

0

(1094)

(170695)

8154

(15506)

146289

2619

41952

3855

2605

341569



7 40018 (14722) 25296




51 (40847)


51 4269


44 45 amp 54

(30181)



69608

-9shy

BALANCE SHEET













(1285) Provisions 38 (1506)






484594 Net Assets 414986



-10shy

CASH FLOW STATEMENT


201415 pound000



136367


56 (43716)


57 (131411)






1749


-11shy

























-12shy




Usable Reserves

201516

Gen

eral

Fu

nd

Bal

ance

Ho

usi

ng

Rev

enu

eA

cco

un

t

Cap

ital

Rec

eip

tsR

eser

ve

Cap

ital

Gra

nts

Un

app

lied

Mo

vem

ent

in U

nu

sab

leR

eser

ves





























5084 129692 (615) (657) (133504)

-13shy



Usable Reserves


Gen

eral

Fu

nd

Bal

ance

Ho

usi

ng

Rev

enu

eA

cco

un

t

Cap

ital

Rec

eip

tsR

eser

ve

Cap

ital

Gra

nts

Un

app

lied

Mo

vem

ent

in U

nu

sab

leR

eser

ves





17630 0

9559 0

0 0

0 0

(27189) 0





884 1417 0 0 (2301)






(251) 0 0 251 0


0 0 0 (17) 17



(870) (1417) 2287 0 0








(185) (41) 0 0 226



21505 2412 0 0 (23917)




(921) 0 0 0 921



739 1 0 0 (740)

-14shy8933 (12204) 47 234 2990







Total 18064 (2458) 4940 20546 (5585) 6840 21801


Total 5026 (3605) 0 1421 (1421) 0 0























- 15 shy



201415 201516 pound000 pound000



20907 Total 21737


201415 201516 pound000 pound000


19160 Total 25296


201415 201516 pound000 pound000



(252375) Total (252235)

9 Audit Costs


201415 201516 pound000 pound000


369 346






201415 201516 pound000 pound000






-16shy




201415 201516 pound000 pound000



1008 1273




Ho

me

Imp

rove

men

tL

oan

s

Ho

use

s in

toH

om

es

VV

P -

Em

pty

Pro

per

ties

VV

P -

Pri

vate

Sec

tor

Imp

rove

men

t

VV

P shy

Co

mm

erci

alP

rop

erty

Imp

rove

men

ts


Balance at 1 April 139 139 382 190 0 850


Loans Issued (34) (183) (227) (86) 0 (530)

Loans Repaid 27 101 4 1 0 133

Balance at 31 March 415 315 924 305 100 2059



201415 201516 pound000 pound000


1051 1130 Income




-17shy














-18shy







pound000 pound000


Total 37 60 70 83 107 143 1866 3177


15 Council Tax



A 69

4291

B 79

12540

C 89

16762

D 99

9983

E 119 7899

F 139 4923

G 159 2460

H 189 716

I 219 291


201415 pound000

65105 0

65105



201516 pound000

67503 0

67503



201415 201516 pound000 pound000






-19shy


17 Related Parties


Central Government


Other Public Bodies


















-20shy







Additions 48645 12281 13415 6208 (147) 66 1991 82459 16313 585






Other Movements 0 397 0 0 0 231 (83) 545 0 0

At 31032016 571699 355744 57913 114322 16932 8014 1991 1126615 33265 11100









Other Movements 0 (223) 0 0 0 326 103 0 0

At 31032016 (42677) (49090) (27180) (16480) (1129) (3854) 0 (140410) (4041) (8866)

Net Book Value

At 31032016 529022 306654 30733 97842 15803 4160 1991 986205 29224 2234

At 31032015 494975 269984 20568 94086 15960 4714 83 900370 12871 2414

-21shy







Additions 37995 4808 2703 4336 226 380 6 50454 74 2






Other Movements 0 (704) 0 0 2 702 0 0 0 0

At 31032015 526116 333035 44608 108114 17079 8851 83 1037886 16140 10515









Other Movements 0 210 0 0 (2) (88) 0 120 0 0

At 31032015 (31141) (63051) (24040) (14028) (1119) (4137) 0 (137516) (3269) (8101)

Net Book Value

At 3132015 494975 269984 20568 94086 15960 4714 83 900370 12871 2414

At 1042014 468090 279404 21520 92095 15744 3958 77 880888 12601 3281

-22shy




21 Depreciation




22 Revaluations









pound000


12549



-23shy


25 Heritage Assets



Civic Regalia

pound000

Fine amp Decorative

Art pound000


History pound000

Welsh Football

pound000






86 65 69 204 49 28 501

Additions 0 0 0 0 38 0 38


0 0 0 0 (36) 0 (36)

At 31 March 2015 86 65 69 204 51 28 503


86 65 69 204 51 28 503

Additions 0 0 0 0 1 0 1


0 0 0 0 (1) 0 (1)

At 31 March 2016 86 65 69 204 51 28 503



















-24shy








1 Exhibitions


2 Online Catalogue






Property Plant amp

Equipment pound000

201516 Revenue

Expenditure Funded


Settlement Payment



54921 79920 39 9517 146289 235765

Financed Byshy





54921 79920 39 9517 146289 235765



201415 201516 pound000 pound000






-25shy




201415 201516 pound000 pound000







39 44





31032015 pound000

31032016 pound000

8 92 45


5 84 29

145 118












Assets sold (1099) 0 (1067) 0



-26shy






Finance Assets




















-27shy




















Credit Risk





Banks UK

Non UK


4550 3400 5000

0 0 0

0 0 0

0 0 0

4550 3400 5000



-28shy




Liquidity risk


pound000


291665


Market risk




pound000







Price risk






Principal pound000


pound000


Principal pound000


pound000





-29shy



31032015 31032016 pound000 pound000




31032015 31032016 pound000 pound000








37 Creditors

Short-term 31032015 31032016

pound000 pound000

Long-term 31032015 31032016

pound000 pound000


(4236) (4101)

(278) (14788) (23403)

(3712) (3343)

(292) (16330) (23677)

(867) 0 0

(1734) (2601)

(2059) 0 0

(2267) (4326)

38 Provisions

Insurance Provision

pound000


pound000

Current Benefits


pound000 pound000

Total Provision

pound000

Non Current

Landfill Provision

pound000

Balance at 1 April 2015 (602) (45) (113) (525) (1285) (2452)


(431) (401) 41 0 (791) 13

Amounts used in 201516 553 17 0 0 570 0

Balance at 31 March 2016 (480) (429) (72) (525) (1506) (2439)






-30shy


39 Borrowings





Market (23800) (814) 1783 (22831) (23800) (800) 1765 (22835)




Market 0 (149) 0 (149) 0 (152) 0 (152)


Bonds (98) (1) 0 (99) (121) (2) 0 (123)







Value at 1 April 2015 11703 1168 12871

Additions 8164 8149 16313



Value at 31 March 2016 20229 8995 29224





286315 68374 26462 381151


-31shy




201415 201516 pound000 pound000







41 Leases

Finance Leases


31032015 31032016 pound000 pound000


2414 2234


31032015 31032016 pound000 pound000









1922 1776 1811 1689

Operating Leases





1921 87 1601 1688

-32shy


41 Leases contd



pound000 pound000




546 620


31032015 31032016 pound000 pound000


5293 5105













-33shy






















Other 0 0







-34shy








250801 228883 30069 27835













Balance at 1 April 566434 686929 28903 30069




Other 0 0 0 0


Balance at 31 March 686929 672715 30069 27835

-35shy









Total assets


201415 pound000

13083 4438 Y

0 32710 15264

0 0 0

26168 4361

0

0 Y 31512 Y

0 N 0 Y 0 Y 0 Y

25298 Y 8433 Y

0 Y 78503 65243

56697 100309

54591 N 101194 Y

157006 155785

13084 17445

13315 Y 21748 N

30529 35063

17445 47974

8723 8723 8723

65419

44827 N 48378 N

8877 N 8433 N

0 N 72788 N

157007

436128


201516 pound000

183303

443832





201415 201516 201415 201516

234 235 234 235 259 260 259 260

263 264 293 294

20 20 20 20 35 35 20 20 20 20 33 36 31 34


-36shy




pound000 pound000









48 Usable Reserves



31032015 31032016 pound000 pound000










201415 201516 pound000 pound000




-37shy








201415 pound000

201516 pound000


3719 (6153)


52464 (15886)


36578

(3718) (631)


(2885) (971)




















35571 52447


-38shy




201415 201516 pound000 pound000






54 Pensions Reserve


201415 201516 pound000 pound000

(215614) Balance at 1 April (280870)




(280870) Balance at 31 March (256718)



201415 201516 pound000 pound000






-39shy



201415 201516 pound000 pound000






(30063) (43716)


201415 201516 pound000 pound000


12168 (131411)



201415 201516 pound000 pound000



201415 201516 pound000 pound000









201415 201516 pound000 pound000







-40shy


61 Grant Income





187270 184732




93219 94588






348 400





899 145

-41shy













Total Income (31332) (16018) (67292) (6682) (19136) (140460)



Net Expenditure 95238 38228 30695 34678 21776 220615






Total Income (32737) (16343) (64978) (7048) (20474) (141580)



Net Expenditure 95151 41155 30564 35470 22401 224741




201415 201516 pound000 pound000






-42shy





201516 Dep

artm

enta

lA

naly

sis

Ser

vice

s an

dS

uppo

rtS

ervi

ces

not i

nA

naly

sis

Am

ount

s no

tre

port

ed to

Exe

cutiv

e B

oard

for

deci

sion

mak

ing

Am

ount

s no

tin

clud

ed in

the

CIamp

ES

Allo

catio

n of

Rec

harg

es

Cos

t of S

ervi

ces

Cor

pora

teA

mou

nts

Tot

al



Total Income (140460) (51778) (7817) 6453 22907 (170695) (266957) (437652)




201415 Comparatives


Total Income (141580) (53047) (5259) 6012 25493 (168381) (269935) (438316)




-43shy




















-44shy







5 EMPLOYEE BENEFITS









-45shy




















-46shy













Financial Assets






-47shy














a) Civic Regalia


-48shy



Archaeology


Social History



Clocks and Watches






Natural History


Military History






-49shy














-50shy













16 JOINT OPERATIONS



-51shy


17 LEASES




Finance Leases







Operating Leases



Finance Leases





-52shy




Operating Leases









Recognition


Measurement





-53shy

















Impairment






-54shy


Depreciation
















-55shy











Provisions






Contingent Assets


22 RESERVES


-56shy

















-57shy












-58shy




Expenditure












Income




(48) Other Income 0


(46473) Total Income (47629)











-59shy



201516 pound000

7932

8527

(12204)

(3677)

3605

(72)

7860








(132538)

129692

7860

(2846)

1421

(1425)

6435



9559

0

0

5

(7757)

1417









10431

0

146289

5

(7835)

3132

(921)

(13605)



(4470)

(15800)

(1417)

(48)




(3062)

0

(41)



6

2412

(1809)




2925

(1934)

1



5

(12204) 129692

-60shy


1 Housing Stock


As at As at 310315 310316



11275 11230

2 Rent Arrears






201415 201516 pound000 pound000









201516 201415

Total Capital

Investment pound000

Council Dwellings

pound000


(Solar PV) pound000


pound000

Revenue Expenditure

funded from Capital

pound000

HRA Subsidy

Settlement pound000

Total Capital

Investment pound000

40092 (955)


48645 109 (96) 0

1008 (15)

5 0

146289 0

196056 (111)

39137 48549 109 993 5 146289 195945

7550 207

13604 1776

16000


7561 274

14962 1752

24000

0 0

33 76 0

0 0

805 188

0

0 0 0 5 0

0 7561 0 274 0 15800 0 2021

146289 170289

39137 48549 109 993 5 146289 195945



201415 201516 pound000 pound000



1472 3065

-61shy







9559 10345 0 86 10431























-62shy
















CF11 9LJ

8 August 2016

- 63 shy
















-64shy















-65shy



















-66shy













-67shy



Human Resources




Safeguarding








-68shy























-69shy













-70shy



Gen

eral

Fun

dB

alan

ce

Ear

mar

ked

Gen

eral

Fun

dR

eser

ves

Hou

sing

Rev

enue

Acc

ount

Ear

mar

ked

HR

AR

eser

ves

Cap

ital R

ecei

pts

Res

erve

Cap

ital G

rant

sU

napp

lied

Tot

al U

sabl

eR

eser

ves

Unu

sabl

eR

eser

ves

Tot

al C

ounc

ilR

eser

ves


Balance at 1 April 2015 7018 18064 7932 5026 15036 1225 54301 492606 546907









Balance at 31 March 2015 7018 20546 7860 1421 15083 1459 53387 431207 484594









Balance at 31 March 2016 7018 21801 6435 0 14468 802 50524 364462 414986

-8shy



Gross Expenditure

pound000

201415

Income pound000

Net Expenditure

pound000


pound000

201516

Income pound000

Net Expenditure

pound000

12766

14415

(1025)

(4084)

11741

10331



12827

13391

(1139)

(3973)

11688

9418

24636

11470

(7521)

(7084)

17115

4386


Planning Services

20833

8948

(7266)

(5930)

13567

3018


13498

43188

0

51223

63725

3973

1979

378613

(6031)

(46473)

0

(49363)

(19822)

(56)

(476)

(168381)

7467

(3285)

0

1860

43903

3917

1503

210232





Adult Social Care



Cost of Services

18

13349

32123

146289

55440

61977

3855

3699

512264

(5195)

(47629)

0

(52821)

(20025)

0

(1094)

(170695)

8154

(15506)

146289

2619

41952

3855

2605

341569



7 40018 (14722) 25296




51 (40847)


51 4269


44 45 amp 54

(30181)



69608

-9shy

BALANCE SHEET













(1285) Provisions 38 (1506)






484594 Net Assets 414986



-10shy

CASH FLOW STATEMENT


201415 pound000



136367


56 (43716)


57 (131411)






1749


-11shy

























-12shy




Usable Reserves

201516

Gen

eral

Fu

nd

Bal

ance

Ho

usi

ng

Rev

enu

eA

cco

un

t

Cap

ital

Rec

eip

tsR

eser

ve

Cap

ital

Gra

nts

Un

app

lied

Mo

vem

ent

in U

nu

sab

leR

eser

ves





























5084 129692 (615) (657) (133504)

-13shy



Usable Reserves


Gen

eral

Fu

nd

Bal

ance

Ho

usi

ng

Rev

enu

eA

cco

un

t

Cap

ital

Rec

eip

tsR

eser

ve

Cap

ital

Gra

nts

Un

app

lied

Mo

vem

ent

in U

nu

sab

leR

eser

ves





17630 0

9559 0

0 0

0 0

(27189) 0





884 1417 0 0 (2301)






(251) 0 0 251 0


0 0 0 (17) 17



(870) (1417) 2287 0 0








(185) (41) 0 0 226



21505 2412 0 0 (23917)




(921) 0 0 0 921



739 1 0 0 (740)

-14shy8933 (12204) 47 234 2990







Total 18064 (2458) 4940 20546 (5585) 6840 21801


Total 5026 (3605) 0 1421 (1421) 0 0























- 15 shy



201415 201516 pound000 pound000



20907 Total 21737


201415 201516 pound000 pound000


19160 Total 25296


201415 201516 pound000 pound000



(252375) Total (252235)

9 Audit Costs


201415 201516 pound000 pound000


369 346






201415 201516 pound000 pound000






-16shy




201415 201516 pound000 pound000



1008 1273




Ho

me

Imp

rove

men

tL

oan

s

Ho

use

s in

toH

om

es

VV

P -

Em

pty

Pro

per

ties

VV

P -

Pri

vate

Sec

tor

Imp

rove

men

t

VV

P shy

Co

mm

erci

alP

rop

erty

Imp

rove

men

ts


Balance at 1 April 139 139 382 190 0 850


Loans Issued (34) (183) (227) (86) 0 (530)

Loans Repaid 27 101 4 1 0 133

Balance at 31 March 415 315 924 305 100 2059



201415 201516 pound000 pound000


1051 1130 Income




-17shy














-18shy







pound000 pound000


Total 37 60 70 83 107 143 1866 3177


15 Council Tax



A 69

4291

B 79

12540

C 89

16762

D 99

9983

E 119 7899

F 139 4923

G 159 2460

H 189 716

I 219 291


201415 pound000

65105 0

65105



201516 pound000

67503 0

67503



201415 201516 pound000 pound000






-19shy


17 Related Parties


Central Government


Other Public Bodies


















-20shy







Additions 48645 12281 13415 6208 (147) 66 1991 82459 16313 585






Other Movements 0 397 0 0 0 231 (83) 545 0 0

At 31032016 571699 355744 57913 114322 16932 8014 1991 1126615 33265 11100









Other Movements 0 (223) 0 0 0 326 103 0 0

At 31032016 (42677) (49090) (27180) (16480) (1129) (3854) 0 (140410) (4041) (8866)

Net Book Value

At 31032016 529022 306654 30733 97842 15803 4160 1991 986205 29224 2234

At 31032015 494975 269984 20568 94086 15960 4714 83 900370 12871 2414

-21shy







Additions 37995 4808 2703 4336 226 380 6 50454 74 2






Other Movements 0 (704) 0 0 2 702 0 0 0 0

At 31032015 526116 333035 44608 108114 17079 8851 83 1037886 16140 10515









Other Movements 0 210 0 0 (2) (88) 0 120 0 0

At 31032015 (31141) (63051) (24040) (14028) (1119) (4137) 0 (137516) (3269) (8101)

Net Book Value

At 3132015 494975 269984 20568 94086 15960 4714 83 900370 12871 2414

At 1042014 468090 279404 21520 92095 15744 3958 77 880888 12601 3281

-22shy




21 Depreciation




22 Revaluations









pound000


12549



-23shy


25 Heritage Assets



Civic Regalia

pound000

Fine amp Decorative

Art pound000


History pound000

Welsh Football

pound000






86 65 69 204 49 28 501

Additions 0 0 0 0 38 0 38


0 0 0 0 (36) 0 (36)

At 31 March 2015 86 65 69 204 51 28 503


86 65 69 204 51 28 503

Additions 0 0 0 0 1 0 1


0 0 0 0 (1) 0 (1)

At 31 March 2016 86 65 69 204 51 28 503



















-24shy








1 Exhibitions


2 Online Catalogue






Property Plant amp

Equipment pound000

201516 Revenue

Expenditure Funded


Settlement Payment



54921 79920 39 9517 146289 235765

Financed Byshy





54921 79920 39 9517 146289 235765



201415 201516 pound000 pound000






-25shy




201415 201516 pound000 pound000







39 44





31032015 pound000

31032016 pound000

8 92 45


5 84 29

145 118












Assets sold (1099) 0 (1067) 0



-26shy






Finance Assets




















-27shy




















Credit Risk





Banks UK

Non UK


4550 3400 5000

0 0 0

0 0 0

0 0 0

4550 3400 5000



-28shy




Liquidity risk


pound000


291665


Market risk




pound000







Price risk






Principal pound000


pound000


Principal pound000


pound000





-29shy



31032015 31032016 pound000 pound000




31032015 31032016 pound000 pound000








37 Creditors

Short-term 31032015 31032016

pound000 pound000

Long-term 31032015 31032016

pound000 pound000


(4236) (4101)

(278) (14788) (23403)

(3712) (3343)

(292) (16330) (23677)

(867) 0 0

(1734) (2601)

(2059) 0 0

(2267) (4326)

38 Provisions

Insurance Provision

pound000


pound000

Current Benefits


pound000 pound000

Total Provision

pound000

Non Current

Landfill Provision

pound000

Balance at 1 April 2015 (602) (45) (113) (525) (1285) (2452)


(431) (401) 41 0 (791) 13

Amounts used in 201516 553 17 0 0 570 0

Balance at 31 March 2016 (480) (429) (72) (525) (1506) (2439)






-30shy


39 Borrowings





Market (23800) (814) 1783 (22831) (23800) (800) 1765 (22835)




Market 0 (149) 0 (149) 0 (152) 0 (152)


Bonds (98) (1) 0 (99) (121) (2) 0 (123)







Value at 1 April 2015 11703 1168 12871

Additions 8164 8149 16313



Value at 31 March 2016 20229 8995 29224





286315 68374 26462 381151


-31shy




201415 201516 pound000 pound000







41 Leases

Finance Leases


31032015 31032016 pound000 pound000


2414 2234


31032015 31032016 pound000 pound000









1922 1776 1811 1689

Operating Leases





1921 87 1601 1688

-32shy


41 Leases contd



pound000 pound000




546 620


31032015 31032016 pound000 pound000


5293 5105













-33shy






















Other 0 0







-34shy








250801 228883 30069 27835













Balance at 1 April 566434 686929 28903 30069




Other 0 0 0 0


Balance at 31 March 686929 672715 30069 27835

-35shy









Total assets


201415 pound000

13083 4438 Y

0 32710 15264

0 0 0

26168 4361

0

0 Y 31512 Y

0 N 0 Y 0 Y 0 Y

25298 Y 8433 Y

0 Y 78503 65243

56697 100309

54591 N 101194 Y

157006 155785

13084 17445

13315 Y 21748 N

30529 35063

17445 47974

8723 8723 8723

65419

44827 N 48378 N

8877 N 8433 N

0 N 72788 N

157007

436128


201516 pound000

183303

443832





201415 201516 201415 201516

234 235 234 235 259 260 259 260

263 264 293 294

20 20 20 20 35 35 20 20 20 20 33 36 31 34


-36shy




pound000 pound000









48 Usable Reserves



31032015 31032016 pound000 pound000










201415 201516 pound000 pound000




-37shy








201415 pound000

201516 pound000


3719 (6153)


52464 (15886)


36578

(3718) (631)


(2885) (971)




















35571 52447


-38shy




201415 201516 pound000 pound000






54 Pensions Reserve


201415 201516 pound000 pound000

(215614) Balance at 1 April (280870)




(280870) Balance at 31 March (256718)



201415 201516 pound000 pound000






-39shy



201415 201516 pound000 pound000






(30063) (43716)


201415 201516 pound000 pound000


12168 (131411)



201415 201516 pound000 pound000



201415 201516 pound000 pound000









201415 201516 pound000 pound000







-40shy


61 Grant Income





187270 184732




93219 94588






348 400





899 145

-41shy













Total Income (31332) (16018) (67292) (6682) (19136) (140460)



Net Expenditure 95238 38228 30695 34678 21776 220615






Total Income (32737) (16343) (64978) (7048) (20474) (141580)



Net Expenditure 95151 41155 30564 35470 22401 224741




201415 201516 pound000 pound000






-42shy





201516 Dep

artm

enta

lA

naly

sis

Ser

vice

s an

dS

uppo

rtS

ervi

ces

not i

nA

naly

sis

Am

ount

s no

tre

port

ed to

Exe

cutiv

e B

oard

for

deci

sion

mak

ing

Am

ount

s no

tin

clud

ed in

the

CIamp

ES

Allo

catio

n of

Rec

harg

es

Cos

t of S

ervi

ces

Cor

pora

teA

mou

nts

Tot

al



Total Income (140460) (51778) (7817) 6453 22907 (170695) (266957) (437652)




201415 Comparatives


Total Income (141580) (53047) (5259) 6012 25493 (168381) (269935) (438316)




-43shy




















-44shy







5 EMPLOYEE BENEFITS









-45shy




















-46shy













Financial Assets






-47shy














a) Civic Regalia


-48shy



Archaeology


Social History



Clocks and Watches






Natural History


Military History






-49shy














-50shy













16 JOINT OPERATIONS



-51shy


17 LEASES




Finance Leases







Operating Leases



Finance Leases





-52shy




Operating Leases









Recognition


Measurement





-53shy

















Impairment






-54shy


Depreciation
















-55shy











Provisions






Contingent Assets


22 RESERVES


-56shy

















-57shy












-58shy




Expenditure












Income




(48) Other Income 0


(46473) Total Income (47629)











-59shy



201516 pound000

7932

8527

(12204)

(3677)

3605

(72)

7860








(132538)

129692

7860

(2846)

1421

(1425)

6435



9559

0

0

5

(7757)

1417









10431

0

146289

5

(7835)

3132

(921)

(13605)



(4470)

(15800)

(1417)

(48)




(3062)

0

(41)



6

2412

(1809)




2925

(1934)

1



5

(12204) 129692

-60shy


1 Housing Stock


As at As at 310315 310316



11275 11230

2 Rent Arrears






201415 201516 pound000 pound000









201516 201415

Total Capital

Investment pound000

Council Dwellings

pound000


(Solar PV) pound000


pound000

Revenue Expenditure

funded from Capital

pound000

HRA Subsidy

Settlement pound000

Total Capital

Investment pound000

40092 (955)


48645 109 (96) 0

1008 (15)

5 0

146289 0

196056 (111)

39137 48549 109 993 5 146289 195945

7550 207

13604 1776

16000


7561 274

14962 1752

24000

0 0

33 76 0

0 0

805 188

0

0 0 0 5 0

0 7561 0 274 0 15800 0 2021

146289 170289

39137 48549 109 993 5 146289 195945



201415 201516 pound000 pound000



1472 3065

-61shy







9559 10345 0 86 10431























-62shy
















CF11 9LJ

8 August 2016

- 63 shy
















-64shy















-65shy



















-66shy













-67shy



Human Resources




Safeguarding








-68shy























-69shy













-70shy



Gross Expenditure

pound000

201415

Income pound000

Net Expenditure

pound000


pound000

201516

Income pound000

Net Expenditure

pound000

12766

14415

(1025)

(4084)

11741

10331



12827

13391

(1139)

(3973)

11688

9418

24636

11470

(7521)

(7084)

17115

4386


Planning Services

20833

8948

(7266)

(5930)

13567

3018


13498

43188

0

51223

63725

3973

1979

378613

(6031)

(46473)

0

(49363)

(19822)

(56)

(476)

(168381)

7467

(3285)

0

1860

43903

3917

1503

210232





Adult Social Care



Cost of Services

18

13349

32123

146289

55440

61977

3855

3699

512264

(5195)

(47629)

0

(52821)

(20025)

0

(1094)

(170695)

8154

(15506)

146289

2619

41952

3855

2605

341569



7 40018 (14722) 25296




51 (40847)


51 4269


44 45 amp 54

(30181)



69608

-9shy

BALANCE SHEET













(1285) Provisions 38 (1506)






484594 Net Assets 414986



-10shy

CASH FLOW STATEMENT


201415 pound000



136367


56 (43716)


57 (131411)






1749


-11shy

























-12shy




Usable Reserves

201516

Gen

eral

Fu

nd

Bal

ance

Ho

usi

ng

Rev

enu

eA

cco

un

t

Cap

ital

Rec

eip

tsR

eser

ve

Cap

ital

Gra

nts

Un

app

lied

Mo

vem

ent

in U

nu

sab

leR

eser

ves





























5084 129692 (615) (657) (133504)

-13shy



Usable Reserves


Gen

eral

Fu

nd

Bal

ance

Ho

usi

ng

Rev

enu

eA

cco

un

t

Cap

ital

Rec

eip

tsR

eser

ve

Cap

ital

Gra

nts

Un

app

lied

Mo

vem

ent

in U

nu

sab

leR

eser

ves





17630 0

9559 0

0 0

0 0

(27189) 0





884 1417 0 0 (2301)






(251) 0 0 251 0


0 0 0 (17) 17



(870) (1417) 2287 0 0








(185) (41) 0 0 226



21505 2412 0 0 (23917)




(921) 0 0 0 921



739 1 0 0 (740)

-14shy8933 (12204) 47 234 2990







Total 18064 (2458) 4940 20546 (5585) 6840 21801


Total 5026 (3605) 0 1421 (1421) 0 0























- 15 shy



201415 201516 pound000 pound000



20907 Total 21737


201415 201516 pound000 pound000


19160 Total 25296


201415 201516 pound000 pound000



(252375) Total (252235)

9 Audit Costs


201415 201516 pound000 pound000


369 346






201415 201516 pound000 pound000






-16shy




201415 201516 pound000 pound000



1008 1273




Ho

me

Imp

rove

men

tL

oan

s

Ho

use

s in

toH

om

es

VV

P -

Em

pty

Pro

per

ties

VV

P -

Pri

vate

Sec

tor

Imp

rove

men

t

VV

P shy

Co

mm

erci

alP

rop

erty

Imp

rove

men

ts


Balance at 1 April 139 139 382 190 0 850


Loans Issued (34) (183) (227) (86) 0 (530)

Loans Repaid 27 101 4 1 0 133

Balance at 31 March 415 315 924 305 100 2059



201415 201516 pound000 pound000


1051 1130 Income




-17shy














-18shy







pound000 pound000


Total 37 60 70 83 107 143 1866 3177


15 Council Tax



A 69

4291

B 79

12540

C 89

16762

D 99

9983

E 119 7899

F 139 4923

G 159 2460

H 189 716

I 219 291


201415 pound000

65105 0

65105



201516 pound000

67503 0

67503



201415 201516 pound000 pound000






-19shy


17 Related Parties


Central Government


Other Public Bodies


















-20shy







Additions 48645 12281 13415 6208 (147) 66 1991 82459 16313 585






Other Movements 0 397 0 0 0 231 (83) 545 0 0

At 31032016 571699 355744 57913 114322 16932 8014 1991 1126615 33265 11100









Other Movements 0 (223) 0 0 0 326 103 0 0

At 31032016 (42677) (49090) (27180) (16480) (1129) (3854) 0 (140410) (4041) (8866)

Net Book Value

At 31032016 529022 306654 30733 97842 15803 4160 1991 986205 29224 2234

At 31032015 494975 269984 20568 94086 15960 4714 83 900370 12871 2414

-21shy







Additions 37995 4808 2703 4336 226 380 6 50454 74 2






Other Movements 0 (704) 0 0 2 702 0 0 0 0

At 31032015 526116 333035 44608 108114 17079 8851 83 1037886 16140 10515









Other Movements 0 210 0 0 (2) (88) 0 120 0 0

At 31032015 (31141) (63051) (24040) (14028) (1119) (4137) 0 (137516) (3269) (8101)

Net Book Value

At 3132015 494975 269984 20568 94086 15960 4714 83 900370 12871 2414

At 1042014 468090 279404 21520 92095 15744 3958 77 880888 12601 3281

-22shy




21 Depreciation




22 Revaluations









pound000


12549



-23shy


25 Heritage Assets



Civic Regalia

pound000

Fine amp Decorative

Art pound000


History pound000

Welsh Football

pound000






86 65 69 204 49 28 501

Additions 0 0 0 0 38 0 38


0 0 0 0 (36) 0 (36)

At 31 March 2015 86 65 69 204 51 28 503


86 65 69 204 51 28 503

Additions 0 0 0 0 1 0 1


0 0 0 0 (1) 0 (1)

At 31 March 2016 86 65 69 204 51 28 503



















-24shy








1 Exhibitions


2 Online Catalogue






Property Plant amp

Equipment pound000

201516 Revenue

Expenditure Funded


Settlement Payment



54921 79920 39 9517 146289 235765

Financed Byshy





54921 79920 39 9517 146289 235765



201415 201516 pound000 pound000






-25shy




201415 201516 pound000 pound000







39 44





31032015 pound000

31032016 pound000

8 92 45


5 84 29

145 118












Assets sold (1099) 0 (1067) 0



-26shy






Finance Assets




















-27shy




















Credit Risk





Banks UK

Non UK


4550 3400 5000

0 0 0

0 0 0

0 0 0

4550 3400 5000



-28shy




Liquidity risk


pound000


291665


Market risk




pound000







Price risk






Principal pound000


pound000


Principal pound000


pound000





-29shy



31032015 31032016 pound000 pound000




31032015 31032016 pound000 pound000








37 Creditors

Short-term 31032015 31032016

pound000 pound000

Long-term 31032015 31032016

pound000 pound000


(4236) (4101)

(278) (14788) (23403)

(3712) (3343)

(292) (16330) (23677)

(867) 0 0

(1734) (2601)

(2059) 0 0

(2267) (4326)

38 Provisions

Insurance Provision

pound000


pound000

Current Benefits


pound000 pound000

Total Provision

pound000

Non Current

Landfill Provision

pound000

Balance at 1 April 2015 (602) (45) (113) (525) (1285) (2452)


(431) (401) 41 0 (791) 13

Amounts used in 201516 553 17 0 0 570 0

Balance at 31 March 2016 (480) (429) (72) (525) (1506) (2439)






-30shy


39 Borrowings





Market (23800) (814) 1783 (22831) (23800) (800) 1765 (22835)




Market 0 (149) 0 (149) 0 (152) 0 (152)


Bonds (98) (1) 0 (99) (121) (2) 0 (123)







Value at 1 April 2015 11703 1168 12871

Additions 8164 8149 16313



Value at 31 March 2016 20229 8995 29224





286315 68374 26462 381151


-31shy




201415 201516 pound000 pound000







41 Leases

Finance Leases


31032015 31032016 pound000 pound000


2414 2234


31032015 31032016 pound000 pound000









1922 1776 1811 1689

Operating Leases





1921 87 1601 1688

-32shy


41 Leases contd



pound000 pound000




546 620


31032015 31032016 pound000 pound000


5293 5105













-33shy






















Other 0 0







-34shy








250801 228883 30069 27835













Balance at 1 April 566434 686929 28903 30069




Other 0 0 0 0


Balance at 31 March 686929 672715 30069 27835

-35shy









Total assets


201415 pound000

13083 4438 Y

0 32710 15264

0 0 0

26168 4361

0

0 Y 31512 Y

0 N 0 Y 0 Y 0 Y

25298 Y 8433 Y

0 Y 78503 65243

56697 100309

54591 N 101194 Y

157006 155785

13084 17445

13315 Y 21748 N

30529 35063

17445 47974

8723 8723 8723

65419

44827 N 48378 N

8877 N 8433 N

0 N 72788 N

157007

436128


201516 pound000

183303

443832





201415 201516 201415 201516

234 235 234 235 259 260 259 260

263 264 293 294

20 20 20 20 35 35 20 20 20 20 33 36 31 34


-36shy




pound000 pound000









48 Usable Reserves



31032015 31032016 pound000 pound000










201415 201516 pound000 pound000




-37shy








201415 pound000

201516 pound000


3719 (6153)


52464 (15886)


36578

(3718) (631)


(2885) (971)




















35571 52447


-38shy




201415 201516 pound000 pound000






54 Pensions Reserve


201415 201516 pound000 pound000

(215614) Balance at 1 April (280870)




(280870) Balance at 31 March (256718)



201415 201516 pound000 pound000






-39shy



201415 201516 pound000 pound000






(30063) (43716)


201415 201516 pound000 pound000


12168 (131411)



201415 201516 pound000 pound000



201415 201516 pound000 pound000









201415 201516 pound000 pound000







-40shy


61 Grant Income





187270 184732




93219 94588






348 400





899 145

-41shy













Total Income (31332) (16018) (67292) (6682) (19136) (140460)



Net Expenditure 95238 38228 30695 34678 21776 220615






Total Income (32737) (16343) (64978) (7048) (20474) (141580)



Net Expenditure 95151 41155 30564 35470 22401 224741




201415 201516 pound000 pound000






-42shy





201516 Dep

artm

enta

lA

naly

sis

Ser

vice

s an

dS

uppo

rtS

ervi

ces

not i

nA

naly

sis

Am

ount

s no

tre

port

ed to

Exe

cutiv

e B

oard

for

deci

sion

mak

ing

Am

ount

s no

tin

clud

ed in

the

CIamp

ES

Allo

catio

n of

Rec

harg

es

Cos

t of S

ervi

ces

Cor

pora

teA

mou

nts

Tot

al



Total Income (140460) (51778) (7817) 6453 22907 (170695) (266957) (437652)




201415 Comparatives


Total Income (141580) (53047) (5259) 6012 25493 (168381) (269935) (438316)




-43shy




















-44shy







5 EMPLOYEE BENEFITS









-45shy




















-46shy













Financial Assets






-47shy














a) Civic Regalia


-48shy



Archaeology


Social History



Clocks and Watches






Natural History


Military History






-49shy














-50shy













16 JOINT OPERATIONS



-51shy


17 LEASES




Finance Leases







Operating Leases



Finance Leases





-52shy




Operating Leases









Recognition


Measurement





-53shy

















Impairment






-54shy


Depreciation
















-55shy











Provisions






Contingent Assets


22 RESERVES


-56shy

















-57shy












-58shy




Expenditure












Income




(48) Other Income 0


(46473) Total Income (47629)











-59shy



201516 pound000

7932

8527

(12204)

(3677)

3605

(72)

7860








(132538)

129692

7860

(2846)

1421

(1425)

6435



9559

0

0

5

(7757)

1417









10431

0

146289

5

(7835)

3132

(921)

(13605)



(4470)

(15800)

(1417)

(48)




(3062)

0

(41)



6

2412

(1809)




2925

(1934)

1



5

(12204) 129692

-60shy


1 Housing Stock


As at As at 310315 310316



11275 11230

2 Rent Arrears






201415 201516 pound000 pound000









201516 201415

Total Capital

Investment pound000

Council Dwellings

pound000


(Solar PV) pound000


pound000

Revenue Expenditure

funded from Capital

pound000

HRA Subsidy

Settlement pound000

Total Capital

Investment pound000

40092 (955)


48645 109 (96) 0

1008 (15)

5 0

146289 0

196056 (111)

39137 48549 109 993 5 146289 195945

7550 207

13604 1776

16000


7561 274

14962 1752

24000

0 0

33 76 0

0 0

805 188

0

0 0 0 5 0

0 7561 0 274 0 15800 0 2021

146289 170289

39137 48549 109 993 5 146289 195945



201415 201516 pound000 pound000



1472 3065

-61shy







9559 10345 0 86 10431























-62shy
















CF11 9LJ

8 August 2016

- 63 shy
















-64shy















-65shy



















-66shy













-67shy



Human Resources




Safeguarding








-68shy























-69shy













-70shy

Statement of Accounts 2015/16 - Wrexhamold.wrexham.gov.uk/assets/pdfs/financial/statement_of... ·...

Documents

Transcript of Statement of Accounts 2015/16 - Wrexhamold.wrexham.gov.uk/assets/pdfs/financial/statement_of... ·...