Audit committee

The Audit committee is responsible for the effectiveness of the Foundation’s internal control processes, drawing to the attention of the Board and the Executive Team any systems weaknesses that it becomes aware of.

The committee considers and makes recommendations on the appointment of the Foundation’s external and internal auditors and approves the strategy and timetable for these.  It reviews the findings and monitors progress against agreed recommendations.

The committee reviews the annual report and financial statements before these are submitted to the Board for approval.

Audit committee is responsible for the development and implementation of the Foundation’s risk management strategy and for its compliance with its grant-making policies and procedures.

The committee meets four times a year and is made up of at least three Governors.

The committee considers and makes recommendations on the appointment of the Foundation’s external and internal auditors and approves the strategy and timetable for these.  It reviews the findings and monitors progress against agreed recommendations.

The committee reviews the annual report and financial statements before these are submitted to the Board for approval.

Audit committee is responsible for the development and implementation of the Foundation’s risk management strategy and for its compliance with its grant-making policies and procedures.

The committee meets four times a year and is made up of at least three Governors.