New Anglia Audit and Risk Committee Minutes (Unconfirmed)
1st July 2019
Present:
Nick Banks (NB)
Independent Chair
Andrew Proctor (AP)
Norfolk County Council
Nikos Savvas (NS)
West Suffolk College
Holly Field (HF)
Suffolk County Council (Deputising for Accountable Body
S151 Officer)
In Attendance:
Rosanne Wijnberg (RW)
New Anglia LEP
Keith Spanton (KS)
New Anglia LEP
Helen Wilton (HW)
New Anglia LEP
Melanie Richardson (MR)
New Anglia LEP
Corrienne Peasgood (PG)
Norwich City College
Doug Field (DF)
East of England Co-op
Aaron Widdows
Price Bailey
Stephan Schmitt
Price Bailey
Actions from the Meeting
Banking dual controls to be investigated along with segregation of duties at higher payment levels -
RW and KS
Changes to the Accounts to be made as per those noted below - Price Bailey
1
Welcome and Introductions
Nick Banks (NB) welcomed everyone to the meeting and proposed that, as Andrew Proctor (AP) had
to leave at 8.30am, Item 4, the Draft Annual Financial Statements, be addressed first. This was
agreed by the meeting.
NB welcomed Doug Field, Chair of the LEP and Corrienne Peasgood from Norwich City College, who
will be joining the LEP Board and the Audit and Risk Committee in the near future. He also welcomed
Aaron Widdows & Stephan Schmitt from Price Bailey to the meeting
2
Apologies
AP noted that he had to leave at 8.30am.
3
Declarations of Interest
Full declarations of interest can be found at https://newanglia.co.uk/our-board/
AP advised that he is a Director of New Anglia Capital.
4
Minutes from last meeting
The minutes were reviewed and agreed.
All actions had been completed.
Rosanne Wijnberg (RW) advised that Melanie Richardson (MR) will be taking over responsibility of the
risk register going forward.
1
5
Review Draft Annual Financial Statements - Confidential
6
Review of Corporate Risk Register
The Panel noted that no significant changes had been made to the Risk Register since the last
meeting.
7
Local Assurance Framework
RW reviewed the paper detailing the LEP’s current compliance with governance requirements
covering the Local Assurance Framework, the Scheme of Delegation, the Accountable Body
Agreement and the LAF Checklist.
RW proposed monitoring compliance on a quarterly basis and reporting back to the A&R Committee
on a half yearly basis and will email any specific concerns arising in between meetings.
Minutes of other sub committees - RW noted that public minutes are available on the web site and
proposed identifying a technical solution for sharing confidential minutes ie Sharepoint.
The meeting was advised that the LEP has introduced an ongoing review on effectiveness of its
programmes and the resulting actions will be implemented.
NB asked how monitoring was carried out on investments and loans.
RW advised that decisions were recorded in the log, a reporting cycle had been agreed and the Chief
Executive’s report was used for exception reporting.
8
Date and Time of Next Meeting
NB requested confirmation of the composition of the A&R Committee in the future.
DF advised that the LEP Board was currently awaiting detail of the nominee from Norfolk County
Council and, upon receipt, would review membership across all sub-boards.
9
Any Other Business
DF thanked the Committee for allowing him to attend.
2