Newport City Council

The Auditor General for Wales' opinion is that the financial statements give a TRUE and FAIR view of the Council's finances.


The Auditor General's audit certificate drew attention to uncertainties disclosed by the Council over the valuation of land and buildings, investment properties and pension fund assets arising from the COVID-19 pandemic.
The Council's General Fund remained stable at £6.5 million at 31 March 2020, while total usable reserves fell during the year to £87.0 million - a reduction of £16.0 million year-on-year.
The Council paid £9.865 million of COVID-19 Business Grants before 31 March 2020, with that money reimbursed to the Council by the Welsh Government after year-end.
During 2019-20, the Council has written-down the whole of a £7.5m long-term debtor due from the owners of the Friars Walk shopping centre.
These accounts include the Council's share of interests arising from the Cardiff Capital Region City Deal.
The Council also prepares Group accounts which consolidates its own accounts with those of Newport Transport Ltd, a company 100% owned by the Council.

Funding and Spending

£-71.4 million surplus income
How is the Council funded?
£460 Million
Main groupings of income
Amount of income in particular area
How much has Newport City Council spent?
£531.4 Million
Total: £531.4 Million
A breakdown of the Total Other column in the above chart:
Total Other £ Million
Children's and young people's services £33.8 Million
Adults and community services £81.4 Million
Education £23.7 Million
Schools £135.5 Million
Regeneration, investment and housing £41.9 Million
City services £52.7 Million
Corporate services £27.2 Million
Other non-department costs £60.3 Million
Other operating expenditure £23 Million
Financing and investment income and expenditure £24.5 Million
Total: £27.4 Million


Staff Costs £185.8 Million
Wage variances
Number of employees whose remuneration is over £60,000 per annum 83
Median remuneration £22
Highest paid Director £140
Ratio between the Council’s highest paid employee and the median position 6.1:1
Termination - number 58
Termination - value 1,347,000

What they own

£624.5 Million
Total Assets£624.5 Million
Property, Plant and Equipment£501.1 Million
Heritage Assets£17.4 Million
Investment Property£10.9 Million
Investments£12.7 Million
Debtors£80.9 Million
Assets held for sale£1.3 Million
Inventories£0.2 Million
Property, Plant and Equipment Breakdown

What they owe

£632.2 Million

Borrowing - long term

£19.7 Million

Borrowing - short term

£145.9 Million