INDEX
The Committees Audit & Risk Committee Chair: Shena Winning The Audit and Risk Committee is responsible for overseeing our risk management process and receiving assurance on the system of internal control. It also provides audit and assurance services to Vestal Developments Limited and VIVID Build Limited under the terms of the IntraGroup Services Agreements. During the year, the committee met 4 times. Our work included monitoring and agreeing the Assurance Plan, based on the Strategic Risk Register – the approach to assurance was reviewed in April 2021 and improvements will be made during 2021/22. We reviewed the outcomes of quarterly operational controls audits and specialist in-depth audits, and followed up to ensure the actions based on audit findings were completed through a control improvement plan. Key issues were monitored such as working through lockdown, internal review of repairs
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2020-21 ANNUAL REVIEW AND FINANCIAL STATEMENTS
overspend and committee self-assessment. We also provided an overall opinion of internal controls, which confirmed our arrangements for the management of risk are robust.
Customer Services Committee Chair: Philip Raw The Customer Service Committee (CSC) met for the first time on 28 January 2021. It oversees the effectiveness of service performance and related standards, including setting the standards, monitoring compliance with them and reporting performance to the Board and our customers. Importantly the committee has 3 members who are customers, which gives them vital insight into the work we do and what it’s like to live in the homes we provide. During the first meeting the committee set out their workplan for the future, alongside key performance data and also considered a presentation on Universal Credit and the impact for customers.
Pensions Committee Chair: Duncan Short The Pensions Committee was responsible for ensuring our pension arrangements were cost effective and met the requirements of both the organisation and its members. The committee approved on 30 November 2020, following staff consultation, the bulk transfer agreement of the company pension scheme from Social Housing Pension Scheme (SHPS) to set up our own scheme through TPT. Following completion of the transfer from SHPS, the committee was disbanded on 5 February 2021. Reporting on matters concerning employee benefits and pensions in general will go to the Remuneration and Nominations Committee.
