Board’s statement on internal control

Directors’ Indemnities

During the year, the Board received the following assurance about our system of internal control:

• Chief Executive’s annual report on internal control

• Audit and Risk Committee’s annual report on its work and opinion on internal control

• Internal auditor’s annual report on its work • Self-assessment confirming our compliance with the

Code of Governance

• Self-assessment confirming our compliance with the

Regulatory Standards

The Board confirms that there are currently no significant control weaknesses, and that our established and sound system of internal controls has operated satisfactorily throughout the year.

Directors and officers liability insurance cover has been arranged for all directors and officers to provide indemnity for the cost of claims of alleged mismanagement of the organisation. Our Rules indemnify each of the directors of the company and/ or its subsidiaries and the directors and officers liability insurance provides reimbursement to the organisation in such circumstances. The indemnity was in force during the 2020/21 financial year and remains in force for all our current and past directors.