1
Confidential
New Anglia Audit and Risk Committee Minutes (Unconfirmed)
21
st
February 2023
Present:
Nick Banks (NB)
Independent Chair
Geoff Dobson (GD)
Independent Committee Member
Holly Field (HF)
SCC
David Pomfret (DP)
College of West Anglia
In Attendance:
Rosanne Wijnberg (RW)
New Anglia LEP
Lisa Roll (LR)
New Anglia LEP
Helen Wilton (HW)
New Anglia LEP
Alice Boesen (AB)
Price Bailey
Aaron Widdows (AW)
Price Bailey
Actions from the Meeting
Review Draft Annual Financial Statements
AW to provide a breakdown of the fees based on the fees from last year demonstrating inflationary
costs and the cost of the additional remit of auditing standards.
It was agreed that the decision would be delegated to NB on receipt of the breakdown.
1
Welcome and Introductions
Nick Banks (NB) welcomed everyone to the meeting and introduced Geoff Dobson as the new
independent committee member.
2
Apologies
Apologies were received from Stuart Dark.
3
Declarations of Interest
Full declarations of interest can be found at https://newanglia.co.uk/our-board/
4
Minutes from last meeting
The minutes of the meeting held on 28
th
June 2022 were reviewed and agreed.
RW provided an update on the actions from the last meeting:
It was confirmed that, following further investigation, the Food Innovation Centre had been retained as
an investment.
RW also confirmed that a review of NAC investments had been completed and all impairment issues
had been resolved prior to issuing the final accounts.
RW provided the meeting with an update on the process to implement County Deals and advised that
the functions of the LEP will be transferred to Norfolk & Suffolk County Councils noting that this is the
only LEP in the country being split before integration into the councils. Timelines have yet to be
confirmed.
2
5
Review Draft Annual Financial Statements incl. appendices – confidential
6
Annual Review of Governance Documents
RW presented the revised Committee Terms of Reference, Scheme of Delegation and Accountable
Body Agreement.
Amendments were agreed as follow:
One date needed updating to 2024.
ToR - risk is to be amended to reflect that strategic risk is to be managed by the LEP executive and
the Audit & Risk Committee has oversight of this risk
Government bodies to be changed to reflect new names
The additional “LEP” to be added where it has been omitted.
HF queried the make up of the committee meeting in order to be quorate.
RW confirmed that it had been agreed that at least one member of the LEP board needed to be
present.
The Committee agreed
• To approve the Terms of Reference, Scheme of Delegation and Accountable Body Agreement
subject to the above amendments
7
Corporate Risk Register - Confidential
RW presented the updated risk register and highlighted key items:
7
Local Assurance Framework
RW provided an update on the results of the annual review carried out in January which reviews
performance against the Local Assurance Framework.
It was confirmed that the LEP had met requirements.
8
Next Meeting
It was agreed this would be on the morning of 29
th
June.
9
Any Other Business
None
