Page 23 - Broadland Housing Financial Report 78pp A4

• c learly defined management responsibilities for the
identification, evaluation and control of significant risks,
at an appropriate level
• a nnual management assurance statements signed by
each Executive Director a nd members of the Senior
,
Management T e am, confirming that effective controls have
operated in respect of their areas of responsibility
• r obust strategic and business planning processes, with
detailed financial budgets and forecasts

• f ormal recruitment, retention, training and development
policies for all staff
• e stablished authorisation and appraisal procedures for
significant new initiatives and commitments
• a sophisticated approach to treasury management,
subject to external review
• r egular reporting to the appropriate Committee on key
business objectives, targets and outcomes

• B oard-approved fraud policy c overing prevention,
,
detection and reporting, together with recoverability
of assets
• r egular monitoring of loan covenants and requirements
for new loan facilities.
External accreditations in place during this period include:

• D isability Confident: accreditation awarded Lisbon Court, King’s Lynn
November 2017 received outstanding in its
• M indful Employer: accredited February 2017 and in place CQC assessment
throughout this year
• B est Companies: One to watch based on feedback As the provider of internal audit services to Broadland
pertaining to this financial year. Housing Group for the period, KPMG is required to
A F raud Register is maintained and is reviewed by the Group provide to the BHA Board an overview of the adequacy
Audit and Risk Committee at each meeting. A n il return was and effectiveness of the organisation’s governance,
,
submitted to the RSH for this year a s t here were no material risk management and control arrangements.
incidents of fraud during the period. The Board cannot delegate ultimate responsibility for the
system of internal control, but it can, and has, delegated
authority to the Group Audit and Risk Committee to regularly
review the effectiveness of the system of internal control.
The BHA Chair receives a c opy of all Group Audit and
Risk Committee reports and minutes. All Group Audit and
Risk Committee reports and minutes are made available
electronically to BHA Board members. The Board has
received the annual review of the effectiveness of the
system of internal control for the Group, and the annual report
of the internal auditor.
Statement of the responsibilities of the Board for the
annual report and financial statements
The Board is responsible for approving the Strategic Report
and Financial Statements in accordance with applicable law
and regulations.
Co-operative and Community Benefit Societies Act 2014 and
registered social landlord legislation require the Board to
prepare financial statements for each financial year which
give a t rue and fair view of the state of the affairs of the
New homes at
North Elmham Group and of the financial surplus of the Group for that
period, in accordance with United Kingdom Generally

Broadland Housing Group | Financial Report and Accounts 2020 23

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