Our purpose in action

Impact Report 2016

Introduction

Welcome to our Impact Report – the story of our firm over FY16. The report demonstrates how our 17,000 people are putting our shared purpose into action – making an impact that matters for our clients, our people and society. 

This has been a year of great change for the UK. And while the decision to leave the European Union (EU) sparked significant uncertainty, I'm confident the country is in a strong position to navigate this time of upheaval, and can retain its reputation as an attractive place for international talent and investment.

I believe business must work with government to set a vision for a post-EU environment that is open, pro-growth and, crucially, delivers opportunity for all. The referendum demonstrated the breakdown in trust between the public and business, and shone a light on the lack of inclusive growth in our society. We have a role to play in supporting the needs of our communities across the country, and this should include a focus on how to tackle some of the biggest issues in the UK, such as education and skills, social mobility and productivity. 

This year, we've seen increasing debate about the consequences of automation of the workplace. The UK can only fully profit from the benefits of such technological advances if it can shape a workforce with the right education and skills to adapt to a changing business landscape, ensuring innovation doesn't cause increasing division in society between the haves and have nots. We continue to work with schools across the country through our Access programme, providing young people with the skills they need to access a wide range of careers. We've also reformed our recruitment processes to address the need to find people with an aptitude for innovation and creativity, as well as confronting the issue of social mobility in the UK.

We must keep innovating, recognising the impact it can have on future growth and productivity.

Initiatives such as Access show how our firm can make a difference beyond just profits, and this year we encouraged our people to share stories of their impact through our inaugural Impact Awards. The 149 case studies submitted demonstrate the breadth and reach of the firm as told by our people. You'll see some of those stories in this report, such as how we've used automation to innovate our audit practice, helped an NHS Trust come out of financial breach, and supported charities in creating long-term strategies to help the most vulnerable in society. Not only did the Awards uncover these great stories, they were also an opportunity to help our people better understand our purpose and how they bring it to life in their daily work.

As a firm, we must keep innovating, recognising the significant impact it can have on future growth and productivity. We've invested in developing our capability across emerging business disruptors, such as blockchain, crowdsourcing and robotics, working to ensure we can help our clients position their businesses for future growth. We're also supporting entrepreneurs, launching Propel, a cloud-based accounting service to help start-ups grow. We funded Propel through our £25 million Innovation Investments scheme, which encourages our employees to turn start-up ideas into businesses, and helps embed a culture of innovation in our firm.

I'm proud of the many things we've achieved in FY16, but to continue to thrive in an increasingly competitive landscape, we must remain focused on serving clients globally – providing a seamless cross-border experience. This will be particularly significant given the UK's decision to leave the EU. We want to ensure that our country continues to maintain not only a competitive, but also a welcoming environment for talent and businesses.

I'm committed to making the choices that will secure a bold and bright future for our firm; by providing trust in the capital markets, supporting inclusive growth and building skills, we can continue to make an impact that matters.

David Sproul
Senior Partner and Chief Executive


  • Our talent pool included 17,000 people in FY16.

  • We paid £396m to HMRC – which includes corporation tax, income tax and national insurance.

  • In 3 years, we raised £2.65m for Alzheimer's Society, Prostate Cancer UK and Mind, as well as providing 7,000 hours of pro bono support.

  • We support clients in developing their leaders by offering Transition Labs, with 115 C-suite executives and NEDs participating in FY16.

Report chapters

Providing trust

Instilling trust and confidence in the capital markets through our audit and tax work.

Supporting inclusive growth

Positioning business and charities for future growth.

Building skills

Investing in education and skills, fostering diversity and social mobility.

Providing trust

Helping to maintain trust in the capital markets by delivering high-quality audits and ensuring integrity and transparency in our tax work.

Areas of focus

Audit and the impact of Brexit

The near-term effects of the EU referendum will be a key focus for auditors. We have worked with clients to help them understand the potential consequences of Brexit by considering how principal risks could affect their business. For example, we've looked at whether key accounting judgements and areas of estimation need to change, and how volatility might affect assumptions in developing forecasts. We're also helping clients to understand whether additional disclosures are needed to help reassure investors and steady the capital markets in this time of uncertainty.

As the effects of the Leave vote on capital markets and the economy unfold, and the political timetable becomes clearer, we will make sure clients are aware of the implications for their business – including reporting requirements.

Investment Association Awards

Deloitte won three accolades at this year's Investment Association Auditor Reporting awards. The firm's audit report for Marks & Spencer Group won the award for overall FTSE 100 audit report, while the audit report for Direct Line Insurance was awarded Best Disclosure of Materiality in the FTSE 100. Finally, the audit report for Intermediate Capital Group won the award for disclosures of risk of material misstatement for other premium listed companies. The Investment Association Auditor Reporting awards recognise excellence in auditor reporting, highlighting those reports that are the most informative and clear to investors.

Risk management: staying one step ahead

Case study

CBEST: Putting cyber defences to the test

We've helped some of the largest banks and insurers in the world assess their cyber risks and improve their attack and detection capabilities.

Case study

Nursing an NHS Trust back to health

Delivering savings to help Dudley NHS Trust come out of financial breach.

Robots and automation: the audit of the future is now

Case study

Audit automation: freeing up time to focus on what matters

Our audit automation tool shaves days off repetitive tasks, freeing up time to add insight and quality to our audits.

Case study

Brewery to bar: innovation in Diageo's supply chain

Helping Diageo transform its supply chain, to serve customers across 100 countries.

The tax system in FY16: navigating complexity

Case study

Making data count in global mobility

Data analytics helps Rolls-Royce ensure tax and immigration compliance across the globe.

Case study

Technology helps answer call for greater tax transparency

Using technology with Dun & Bradstreet to help companies fulfil new reporting obligations.

Investing in the next generation of tax advisers

Case study

The perfect start to your tax career?

Tax Academy analysts give their verdicts on the three-week training programme.

Case study

TMT Predictions Schools Challenge: fun and games tackle the skills shortage

Our TMT Predictions Schools Challenge aims to get young people fired up about a career in science, technology, engineering and maths.

Innovation in tax

Case study

Technology helps answer call for greater tax transparency

Using technology with Dun & Bradstreet to help companies fulfil new reporting obligations.

Case study

Confidence in tax compliance

Innovative use of data analytics to automate compliance processes.

Highlights from the year

  • Our Spotlight Analytics tool has tested over 2.4bn audit journals to date.

  • Our Tax Policy Group contributed to over 60 HMRC, EU and OECD consultations.

  • Deloitte UK signed external audit reports for more than 15,500 entities.

  • We provided both the technology and tax insight that powered this year's BBC Budget calculator. 17.3m queries answered over 2 days.

  • We filed more than 21,600 UK corporate, VAT and personal tax returns.

  • We monitored over 4m messages and 77,000 calls for a large European bank, totalling in excess of 7,000 hours of talk time.

Supporting inclusive growth

Promoting investment in the UK, supporting businesses and charities to expand and be prepared to take advantage of the best opportunities.

Areas of focus

Navigating the impact of Brexit

Case study

Brewery to bar: innovation in Diageo's supply chain

Helping Diageo transform its supply chain, to serve customers across 100 countries.

Case study

Hitting the headlines: Nikkei's knock-out bid

How we helped Nikkei scoop up the FT.

Supporting entrepreneurs

Case study

A start-up for start-ups? Innovation Investments funds Propel

Propel is a real-time accounting and analytics service designed to help start-ups and SMEs grow.

Case study

The beautiful game, serious business

Deloitte Social Impact helps social pioneer Vi-Ability create a Football CEO app.

Business of the future: the role of the robot

Case study

45,000 miles of pipes, 5.9 million homes: mapping SGN's gas network

Helping SGN plan the maintenance of its natural gas pipeline across the UK.

Case study

Switching on the Internet of Things with Philips Lighting

We're working with Philips Lighting to create a connected retail experience, using the Internet of Things to merge the online and physical shopping experience.

Disruption and innovation

Case study

There's an app for that: launching ALDI's ecommerce business

Delivering an online platform for Aldi's ecommerce business.

Case study

Wisdom of the crowd? Finding ways to develop the BOA’s long-term ambitions

Using the power of crowdsourcing to find new sources of revenue for the British Olympic Association.

The role of charities and social enterprise

Case study

Creating a legacy with our National Charity Partners

Raising £2.6m for Mind, Alzheimer's Society and Prostate Cancer UK over our 3 year partnership.

Case study

Deloitte Charity Challenge

4 challenges, 1 ambition: to raise £1m for our charity partners.

Public sector's role in inclusive growth

Case study

Making London Underground fit for the future

Helping TFL create a new customer-focused operating model for tube stations.

Case study

Safe as houses? The UK's affordable housing crisis

Helping housing associations build the financial resilience to provide more affordable homes.

Highlights from the year

  • 46,800 volunteering hours provided to charities and community organisations.

  • We advised on 43% of Main Market IPOs in FY16.*

  • Over 900 of our people participated in 63 community day projects.

  • Seven Management Consultancies Association awards.

  • Changing a 150-year old organisation that carries 4m passengers every day: making TfL Fit for the Future. 

  • With our help, Nuffield Health hospitals now use 10% less energy, and its gyms 8%. 

  • * Premium Listings by trading companies only (i.e. investment companies, venture capital trusts, transfers from other markets, cash shells etc. have been excluded).

Building skills

Investing in the skills of our people and working to improve diversity and break down the barriers to social mobility.

Areas of focus

Investing in education and training

Case study

Brightstarts: education and employment for Belfast students

Partnerships with Ulster University and Belfast Metropolitan College offering students a high quality education – regardless of background.

Case study

ADA launch to tackle digital skills shortage

Deloitte alumnus Tom Fogden describes setting up ADA, the National College for Digital Skills, as part of a drive to address major digital skills shortages in the UK.

Social mobility: raising aspirations

Case study

8m students, 10,000 years of learning: How an accountant used maths to turn his dream of helping disadvantaged children into reality

Deloitte alumnus Colin Hegarty describes his journey from chartered accountant to award-winning maths teacher.

Case study

TMT Predictions Schools Challenge: fun and games tackle the skills shortage

Our TMT Predictions Schools Challenge aims to get young people fired up about a career in science, technology, engineering and maths.

Increasing gender diversity

Case study

Dispelling myths, raising awareness – how Women in Technology is encouraging the next generation of tech talent

Our Women in Technology network encourages more women to pursue careers in technology by working with schools.

Case study

Transforming the Student Experience at Northumbria University

Modernising and improving the way Northumbria engages with students, overhauling services across the campuses.

Fostering an inclusive environment

Case study

GLOBE: valuing diversity in business

Our GLOBE network is having a significant impact on Deloitte's culture, helping everyone feel able to be themselves at work.

Case study

Communications planning for Modern Muse

Inspiring the next generation of female business leaders and entrepreneurs.

One Million Futures

Case study

Deloitte Access: opportunity and ambition for students

Giving young people at Samuel Ryder Academy the ambition and skills they need for future careers.

Case study

Carers Trust: improving job prospects of young carers

Sheila Newbury talks about how our Community Day programme has supported over 1,000 employability projects over the past 10 years.

Highlights from the year

  • Our Respect & Inclusion film Ask Yourself was viewed more than 55,000 times on YouTube.

  • Deloitte alumnus Colin Hegarty made 2,000 maths videos in 2 years, used by over 8m students in over 200 territories across the globe.

  • Over 800 people signed up to our LGBT Allies Programme.

  • We hired over 100 school leavers via our apprenticeship scheme, BrightStart.

  • Deloitte ASPIRE, a new work experience programme, took on 141 school students, all of whom were eligible for free school meals or would be first in family to go to university.

  • Deloitte Access supported over 4,500 students in 17 UK schools.

Case studies

Read over 60 stories demonstrating the breadth and depth of our firm and how we're making an impact for our clients, our people and society.

Metrics

Alongside our broader impact and contribution sit the key metrics through which we measure our ongoing performance.

Leadership and governance

Learn more about the leadership and governance of Deloitte LLP.