Arhag Annual Report 2019/2020

Arhag Housing Association Board The Board of Arhag shapes and directs the strategic aims and vision of the organisation and examines and scrutinises performance against the agreed Business Plan. As at March 2020, the Board was made up of nine non-executive members that embrace a broad range of experience in business, finance, HR, property development, risk management and housing service. There is also expertise in migrant and refugee issues. One of the non-executives is a resident of the Association. The Association’s Board has well-established processes that it uses to determine the policies, strategy and the financial and operational performance of the organisation which are regularly reviewed. The Board meets regularly to set and review the strategic direction and the financial and operational performance of the Association. It met five times in 2019/2020. The Board is supported by two Committees whose functions are set out below: Audit and Risk Committee It has been set up to support the Board in discharging its responsibilities, particularly in maintaining an effective system of internal control, ensuring the adequacy of risk management and governance arrangements, and that Arhag resources are used efficiently and effectively. The Audit and Risk Committee is accountable to the Board and will assist in formulating the assurance needs of Arhag and assessing how comprehensive and reliable those assurances are. The Committee also oversees the work of the internal audit service, the external audit and such other matters as may be referred to it by the Board. The external and internal auditors attend key meetings and have direct access to the Committee Chair. The Committee keeps the relationship between the Association and its auditors under review. Development Committee The Committee helps the Board discharge its responsibility to manage its housing stock and ensure a sustainable and viable strategy is in place to enable growth. It takes the lead on housing development and disposals, evaluating new build housing and land and property purchases to ensure that Arhag is using its development capacity in the most viable and cost-effective manner. Regulatory Compliance The Board undertakes a regular assessment of compliance with the governance and financial viability standard. It is reviewed each year by the Board. The Association maintains continued compliance with this standard. The Board is satisfied that Arhag has adopted the National Housing Federation 2015 code of excellence for governance and its code of conduct, and is fully compliant. NINE FIVE Non-executive members make up the Board Times the Board met in 2019/2020 “The Board of Arhag shapes and directs the strategic aims and vision of the organisation and examines and scrutinises performance against the agreed Business Plan.” Legal Status The Association is incorporated with limited liability as a charitable Housing Association under the Co-operative and Community Benefits Societies Act 2014, registration number 23520R. The Association is registered with the Regulator of Social Housing, registration number LH3811. The Board is responsible for preparing the report of the Board and the Financial Statements in accordance with applicable laws and regulations. The Financial Statements, as presented, comply with the requirements of the 2018 SORP. Annual Report 2019-2020 25