Audit and Risk Committee Meeting 02.02.23
By David Perkins, Chair of the Audit and Risk Committee
The Audit & Risk Committee met on the 2nd February 2023 to discuss OWN Trust’s approach to Estates, Finance (including funding) and IT, alongside the positive responses to the internal audit observations. The trustees were pleased to see how the operational teams have approached the ongoing management of risk, including the effective use of a comprehensive risk register and proposals where centralised roles may better support the Trust.
The Chair of the Audit & Risk committee shared a short review of the Trust’s risk register which led to a conversation around the positive impact the Trust can have on the local community. Given the size of the Trust, it was agreed that a sense of proportionality has to be applied to the OWN Trust’s approach to risk management, but the trustees have evidenced the development of a robust framework that is bringing about rapid but stable continuous improvement to reduce risk.