Novas Annual Report 2022
Annual Report 2022AUDIT AND FINANCEThe Audit and Finance Sub-Committee monitors and reviews financialperformance. The committee meets four times per year and consists of BoardMembers and NOVAS executives. The functions of the committee are:> Consider and recommend to the Board an annual budget of income andexpenditure.> Monitor & Review Quarterly Financial Performance and advise on points of risk.> Monitor the integrity of our financial statements and any formal announcementsrelating to financial performance.> Review Fundraising income and grant applications in process.> Monitor the sustainability and maintenance of sinking fund allocation.> Review our financial control systems and control and risk management systems.> Review and make recommendations to the Board for new or revised HumanResources Policies> Review arrangements by which staff may, in confidence, raise concerns aboutany possible improprieties in matters of financial reporting or other matters.> Make a recommendation on the appointment, reappointment, and removal of anexternal auditor.> Each year, consider whether there is a need for an internal audit function andmake recommendations to the Board.> Monitor the participation of external statutory and funder audits of financialprocedures.67
Annual Report 2022QUALITY CLIENT’S SERVICESThe Client & Quality Services Sub-Committee monitors and reviews serviceprovision and practices associated with service delivery. The committeemeets four times per year and consists of Board Members, NOVAS executivesand volunteers. The functions of the committee are:> Communicate discussion items to the Board.> Ensure the voice of the client informs decision making about servicedevelopment.> Review defined key performance indicators.> Review national public policy research and advocacy work conducted by NOVASor in collaboration with sector or academic partner.> Support the development of operational policies for the effective and safedelivery of quality Homeless and Children’s services.> Ensure preparation of annual funding applications and service level agreementsare proceeding effectively.> Review and oversight of the implementation of recommendations that arise frominternal Quality Audits.> Ensure services are following the applicable National Quality StandardsFramework.> Oversight of the effective management of client complaints.> Review incident trends to identify safety and risk factors.> Review and oversight of risk registers associated with service delivery.68
- Page 17 and 18: Annual Report 2022MISSION STATEMENT
- Page 19 and 20: Annual Report 2022NOVAS’ CORE VAL
- Page 22 and 23: 2022:A YEAR INREVIEW
- Page 24 and 25: Annual Report 2022In 2022, NOVAS pr
- Page 26 and 27: Annual Report 2022In all our Suppor
- Page 28 and 29: Annual Report 2022The needs of peop
- Page 30 and 31: Annual Report 2022St. Mary’s Park
- Page 32 and 33: A SPOTLIGHTON SERVICES
- Page 34 and 35: Annual Report 2022DESPITE SHARED AC
- Page 36 and 37: Annual Report 2022LEANNE’S STORYI
- Page 38 and 39: Annual Report 2022“MY PLAN FOR TH
- Page 40 and 41: Annual Report 2022WHITESTOWNJennife
- Page 42 and 43: Annual Report 2022DARRAGH’S STORY
- Page 44 and 45: Annual Report 202243
- Page 46 and 47: Annual Report 2022Accelerated provi
- Page 48 and 49: Annual Report 2022Resettlement Offi
- Page 50 and 51: Annual Report 2022NOVAS is committe
- Page 52 and 53: ADVOCACY ANDINNOVATIONS
- Page 54 and 55: Annual Report 2022“THROUGHOUT MY
- Page 56 and 57: Annual Report 2022Key working is a
- Page 58 and 59: Annual Report 2022ROB’S STORYMy n
- Page 60 and 61: Annual Report 2022TOPPLETOPPLE is a
- Page 62 and 63: FUNDRAISING ANDVOLUNTEERING
- Page 64 and 65: Annual Report 2022Throughout the ye
- Page 66 and 67: GOVERNANCE& FINANCE
- Page 70 and 71: Annual Report 2022GOVERNANCEThe Gov
- Page 72 and 73: Annual Report 2022< BOARD MEETINGS<
- Page 74 and 75: FINANCE
- Page 76 and 77: Annual Report 2022We have continued
- Page 78 and 79: Annual Report 2022Arlington NOVAS I
Annual Report 2022
AUDIT AND FINANCE
The Audit and Finance Sub-Committee monitors and reviews financial
performance. The committee meets four times per year and consists of Board
Members and NOVAS executives. The functions of the committee are:
> Consider and recommend to the Board an annual budget of income and
expenditure.
> Monitor & Review Quarterly Financial Performance and advise on points of risk.
> Monitor the integrity of our financial statements and any formal announcements
relating to financial performance.
> Review Fundraising income and grant applications in process.
> Monitor the sustainability and maintenance of sinking fund allocation.
> Review our financial control systems and control and risk management systems.
> Review and make recommendations to the Board for new or revised Human
Resources Policies
> Review arrangements by which staff may, in confidence, raise concerns about
any possible improprieties in matters of financial reporting or other matters.
> Make a recommendation on the appointment, reappointment, and removal of an
external auditor.
> Each year, consider whether there is a need for an internal audit function and
make recommendations to the Board.
> Monitor the participation of external statutory and funder audits of financial
procedures.
67
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