Report of the Chairman on the work of the Audit Committee

This report gives an overview of the key items considered by the Committee at the carry-over meeting held 21 October 2025.

At the Audit Committee held on 21 October 2025, the following business was considered:

1. Value for Money – Grant Thornton

1.1 The Committee received the Interim Auditors Annual Report for year ending 31 March 2025 from Grant Thornton.

1.2 The Committee resolved to note the Interim Auditor’s Annual Report for year ending 31 March 2025.

2. Audit Committee Governance Arrangements

2.1 The Committee received an update on governance arrangements for the Audit Committee.

2.2 The Committee resolved to note the update on governance arrangements for the Audit Committee.

3. Corporate Risk Management (Corporate Risk Register)

3.1 The Committee considered the Corporate Risk Register.

3.2 The Committee resolved to agree that they had considered the significant strategic risks and issues highlighted in the report and to present these to the Corporate Policy and Resources Committee, ensuring continued wider reporting of the Corporate Risk Register and actions across Committees.

4. Argus Software Discussion

4.1 The Committee received an update on the presentation on Argus Software given to members of the Committee.

4.2 The Committee resolved to note the update.