Present:
J Bromiley (Chair), M. Curry, S Duncan, G. Field and R. Harrison
In Attendance:
S Judson, Vice-Principal Finance and Business Planning (in coming)
B. Fitzgerald, Vice-Principal Finance and Business Planning (outgoing)
C Tomlinson, Vice Principal Curriculum and Performance
G. Taylor, Director of Finance
S. Pritchard, (Clerk to the Corporation)
V. Charlton (minutes)
W Brown Audit-One, Internal Audit
I Harmer Audit-One, Internal Audit
C. Leece RSM, External Audit
Apologises for Absence:
Apologies received from T Atkinson
480 Private Session of Committee and Auditors
Staff withdrew from the meeting to allow the auditors to raise any issues which they felt unable to discuss in their presence.
Auditors confirmed that the management team had been helpful in assisting the auditors in their work and no issues of concern had arisen.
Staff were invited back to the meeting.
481 Conflicts of Interest
There were no conflicts of interest declared.
482 Minutes of meeting of 20th January 2021
AGREED
That the minutes of the meeting held on 20th January 2021 be approved as a true and accurate record.
483 Matters Arising
There were no significant matters arising to discuss.
484 Internal Audit Reports / Funding / Cyber Security / Sub- contracting / Financial Assumptions / Audit Tracker
Audit One as the internal auditor for 2020/21 presented the reports to the committee. The reports were confidential for reasons of commercial sensitivity.
The Reports were noted.
485 External Audit Report
The External Auditor (RSM) provided a verbal update which was confidential.
The report was noted.
486 Risk Management Update
The Principal presented an update on risk management and the Risk Register was presented to the Committee. The update and register are confidential for reasons of commercial sensitivity.
AGREED
The updated Risk Register was noted and recommended to the Board
487 Sub-Contract Arrangements
The Vice Principal Curriculum and Performance presented the report. The report was confidential for reasons of commercial sensitivity.
The report was noted.
488 Any Other Business
Chair requested an introductory meeting be arranged for him and the new Vice Principal Finance and Business Planning.
Chair expressed his thanks to Brian from himself and on behalf of the committee and wished him well on his retirement.