Page 15 - Housing Solutions Annual Report

6. Strong Corporate Lack of effective • Board assurance framework in place and
Foundation governance reviewed in line with changes to Corporate
Risk Register
• Detailed review of risk registers by Audit
& Risk Committee at each meeting
• Detailed updates provided to Board
throughout Covid-19 crisis with all planned
meetings arranged via video conferencing
• Annual review of compliance with NHF Code
of Governance and Regulatory standards
• Annual Board member appraisals carried
out and Board Succession Planning Policy
in place
• Emergency decision making delegated
powers in place

7. Remain Financially Major changes in economic • Operating costs kept low and margins
Strong conditions maintained at high level

• Review development assumptions regularly
• Regular review of business model
assumptions, stress and scenario testing,
early warning indicators identified
• Covid-19 re-profiling of budget and review
of business plan

8. Remain Financially Care Home portfolio • Regular meetings with providers and local
Strong authorities

• Regular review of cash forecasts,
contingency planning, including stress
testing failure to receive rental payments

9. Exceeding Local Material fall in • Detailed repairs profiling and budget
Expectation/ operating performance management
Supporting our • Regular communication to residents, staff
Residents
and stakeholders
• Revised Covid-19 repairs policy in place

• Method Statements issued and appropriate
PPE for all maintenance operatives

10. Remain Financially Not achieving rental • Proactive support and regular
Strong/Supporting income communications for residents throughout
our Residents Covid-19
• Focus on income collection and welfare
support
• Arrears dashboard and detailed analysis of
arrears
• Detailed trend analysis to drive targeted
support and intervention

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