THE UNITE GROUP PLC Annual Report and Accounts 2024 101 AUDIT & RISK COMMITTEE Financial Governance The Audit & Risk Committee provides Board oversight of the Group’s financial reporting process, the audit process, the system of internal controls, and the identification and management of significant risks. CHAIR’S OVERVIEW During the year, the Committee provided Board oversight to reassure stakeholders and shareholders that their interests are properly protected through the Group’s financial management and reporting. It worked to a structured programme of activities; agenda items coincided with the financial reporting cycle and the Board was regularly updated. The Committee has continued to monitor the integrity of the financial statements and supported the Board with its ongoing monitoring of the risk management and internal control systems. It determined internal audit activity, reviewed findings and considered progress by management in implementing recommendations. It challenged the approach to assess the Group’s ability to continue as a going concern and its loan covenant compliance, by reviewing various scenarios for future performance. Committee composition Ross Paterson Chair of the Audit & Risk Committee Ilaria del Beato Non-Executive Director Nicky Dulieu Non-Executive Director Professor Sir Steve Smith Non-Executive Director ROSS PATERSON CHAIR OF THE AUDIT & RISK COMMITTEE