Our use of Resources

An outline of how we have managed our resources and run the business

Income

Audit Fees

Inspection grant

Welsh Consolidated Fund

£14.8m
£0.4m
£6.5m

expenditure

Gross expenditure

people costs

other costs

£21.7m
£16.8m
£4.9m

investments

In 2016-17, we invested

£

220,000

of capital funding in 4 areas that will deliver further efficiency savings in coming years

£

65,000

£

34,000

£

25,000

£

98,000

Office move from Ewloe to Abergele. Savings on lease and energy bills as well as staff travel costs.

Video conferencing facilities, reducing the need for staff to travel to attend meetings.

Licensing MK Insight software in a continued effort to digitise performance audit

IT equipment, renewing network infrastructure and purchasing hybrid laptops, so staff can work efficiently and reduce paper use

our people

Making the most of our staff

92

%

During the 2016-17 financial year, 24 trainees successfully moved on to the next stages of their studies, collectively achieving a 91.6% first-time pass rate for examinations with the Institute of Chartered Accountants in England and Wales (ICAEW).

Staff chose the charity CDH UK as the focus for their fundraising activities in 2016-17. Over the course of the year, in their own time, staff raised around £3,500 for the charity.

£

3,500

On 20 April 2017, our Finance Training and Development Initiative scooped a Public Finance Innovation Award. The scheme is delivered in partnership with other publicly-funded bodies in Wales.

Judges’ comments:

“This innovative model of finance training and development is an excellent reflection of the impact of its external alliances and collaborative working. A truly original, bottom-up, volunteer-led initiative.”