Audit and Risk Committee Report

The Audit and Risk Committee’s (the ‘ARC’) purpose is to provide advice and support to the Board in relation to financial accounting, financial reporting and financial risk management and to provide a first point of contact with auditors and other financial stakeholders.

The ARC was constituted by the Board on 12 October 2017, operates under Terms of Reference which are regularly reviewed by the ARC and the Board and reports into the Board under a standing agenda item in each Board Meeting.

The membership of the ARC as at the date of this report is;

Mark Wanless – Chair and Director

Phil Austin – Chairman of the Board of Directors

Catriona McAllister – CEO

Martin Holmes – Director

During 2022 the ARC fulfilled its primary role of advising and recommending to the Board the matters necessary to complete the Company’s annual statutory reporting cycle as well as the regular review of the Company’s Risk Register. The Committee recommended the reappointment of the PKF BBA as auditors for the 2022 financial year and this was confirmed by the Board. The Committee met with the auditors following completion of their audit work in March 2022 and were pleased to note that no significant findings were reported from their work. The financial statements were duly recommended to the Board for approval and were signed in early April 2022.

Director