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Finance and Risk Committee of the Barbican Centre Board - Monday, 15th June, 2026 1.45 pm
June 15, 2026 at 1:45 pm Finance and Risk Committee of the Barbican Centre Board View on council websiteSummary
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The Finance and Risk Committee of the Barbican Centre Board met on Monday 15 June 2026. The meeting was scheduled to cover the election of a Deputy Chair, the approval of previous minutes, and updates on internal audit, health and safety, business performance, and risk management.
Election of Deputy Chair
The committee was scheduled to elect a Deputy Chair in accordance with Standing Order No. 26.
Minutes of Previous Meeting
The committee was due to approve the public minutes and non-public summary of the previous meeting, which was held on 9 March 2026.
Internal Audit Update
A report from the Group Chief Internal Auditor was scheduled for information. This report provided an update on Internal Audit activity related to the Barbican Centre since the September 2025 meeting. It was intended to cover the delivery status of relevant Internal Audit work, including Barbican Centre audits and follow-up exercises, the outcomes of corporate audits that incorporated testing of Barbican Centre controls, and an update on the status of open audit recommendations. The report noted that two final reports had been issued and one audit was completed to draft report stage. The outcomes of these reviews were summarised, with particular attention to the Renewal Programme Governance Audit, where actions to address recommendations were due for implementation in early May, with a follow-up review scheduled for June. The report also listed corporate-wide Internal Audit reviews completed during 2025/26 that were relevant to the Barbican Centre, including those on Procurement Authorisation Report Checks, Use of Consultants, Corporate Scheme of Delegations, Cyber Security, ERP Delivery and Oversight, Corporate Code of Conduct, Projects and Programmes Change Control, Climate Action Programme, Income Collection and Debt Management, Corporate Cash Management, Corporate Health and Safety, and Employee Relations Case Management. As of mid-May, there were 23 open Internal Audit recommendations, with 5 classified as High Priority, 16 as Medium Priority, and 2 as Low Priority. The report indicated that 48% of recommendations had revised target implementation dates, as original dates had not been met.
Health and Safety Progress Report
A report from the COO of the Barbican Centre was scheduled for information, detailing progress on health and safety matters.
Barbican Business Review
A joint report from the Chamberlain and CEO of the Barbican Centre was scheduled for information, providing a review of the Barbican's business performance for March 2026 (Period 12).
Risk Update
The committee was scheduled to receive a report from the COO of the Barbican Centre concerning the risk management system in place at the Barbican Centre and an update on identified significant risks and associated mitigation measures.
Programming and Events Risk Register
A report from the COO of the Barbican Centre was scheduled for information, focusing on the Arts Programming & Events Risk Register.
Exclusion of the Public
A motion was scheduled for decision regarding the exclusion of the public from the meeting for subsequent agenda items. This was to be done on the grounds that these items involved the likely disclosure of exempt information, as defined in Part 1 of Schedule 12A of the Local Government Act 1972.
The agenda also included items for questions on matters relating to the work of the committee and any other business that the Chair considered urgent. Part 2 of the agenda, which was to be considered with the public excluded, included non-public minutes and non-public appendices to the Internal Audit update.
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