Agenda item

Report of the CGO

The Committee considered a report of the CGO providing the City Bridge Trust Committee’s section of the key risks register for Bridge House Estates (BHE) for review. The CGO introduced the report and drew Members’ attention to the key points, including developments since the previous review.

In response to questions from a Member, the CGO advised that officers were engaged with others in preparing for the impact of Brexit and identifying risks to funding in areas such as food, also accounting for the overlaying impact of COVID-19. The CGO further advised that there were a number of mitigation factors for auditing grants after they had been awarded, including quarterly release of funds, reviewing organisational finances on assessment and on an annual basis, and monitoring reports. A programme of compliance and unannounced visits were employed, although these were currently suspended and would be reviewed in January. However, Funding Managers continued to flag compliance triggers.

The CGO also advised that there were very few organisations in the general portfolio in receipt of European funding, and for those that did the assessment process would have considered the balance of income that they had in order to assess security going forward.

A Member queried why CBT had not been able to reduce impact on financial loss, as impact and likelihood had increased. The CGO advised that they follow up on this point and report back.

RESOLVED – That the City Bridge Trust Committee:

a)    Review the six risks currently on the register for this Committee and confirm that appropriate control measures are in place; and

b)    Confirm that there are no other risks relating to the services overseen by the CBT Committee which should be added to the BHE Risk Register.