Key risks facing the Group include:
Risk: Loss of income from care contract renewal/ funding plus increased exposure to cost control pressure
Key controls and risk reduction include: Care and Support Strategy to protect income streams. Growth plans. Local Authority
relationship engagement. Quality management systems for excellent services. Close financial performance monitoring. New Business
targets/identify new income streams.
1-5
6-10
11-16
Residual risk score 2016
12
Residual risk score 2015
16
16+
Risk: Failure of realise the benefits/impact/growth of the Care and Support Strategy
Key controls and risk reduction include: Board approved strategy in place to support implementation. New Business targets/identify new
income streams included in approved budget. Project plans in place to support post-implementation. Locality-by-locality approach to
reduce risk. Executive Board level accountability.
1-5
6-10
11-16
Residual risk score 2016
15
Residual risk score 2015
15
16+
Risk: Financial performance is adversely affected by rent reductions
Key controls and risk reduction include: Ongoing financial modelling. Review of key priorities. Immediate and ongoing Executive and
Board engagement. Income generation/cost reduction strategies. Cost removed from business. Prudent budgets cater for known
pressures. Board approved response plan.
1-5
6-10
Residual risk score 2016
11-16
16+
15
Residual risk score 2015
N/A - new in 2016
Risk: CQC/OFSTED/Regulated Services ratings impact on reputation and ability to win new business
Key controls and risk reduction include: Close working relations with Regulatory body. Transparent approach to reporting. Action plans to
maintain standards. Quality management systems.
1-5
6-10
11-16
Residual risk score 2016
15
Residual risk score 2015
12
16+
Risk: Housing services - Bedroom tax, benefit cap & Local Housing Allowance - arrears increase as a result of pressure on
income collection
Key controls and risk reduction include: Arrears KPI monitoring to Board. New group wide housing management policies/procedures
in place. Authorisation for evictions/write offs. Resources redirected accordingly. Budgetary controls. Increased management scrutiny.
Welfare reform and digital inclusion action groups. Local Authority and DWP engagement.
1-5
6-10
Residual risk score 2016
Residual risk score 2015
62
Accord Group
11-16
12
8
16+