Introduction to the Business Board

Strong financial management is essential for charities and the Business Board's plays a key role in overseeing the financial affairs within the Urdd’s governance structure. Safeguarding the charity's financial position, its financial resources and investment decisions are essential to ensure that the charity has the resources to achieve its objects while continuing to ensure that the charity's activities are sustainable for the future.

Business Board Responsibilities

• Review quarterly management accounts and annual departmental budgets
• Review the annual statutory accounts to give the Audit and Risk Committee assurance that the financial information is consistent with the management accounts
• Oversee Urdd’s property portfolio
• Approve and monitor capital projects
• Monitor investment performance and recommend changes
• Approve business expenditure requests from reserves
• Review and oversee Urdd’s financial policies

Gwennan Oakes

Chair, Business Board

Gwennan has over twenty years’ experience in finance across a range of sectors, including extensive work as a leader in financial management and as a head of risk. Throughout her career she has supported organisations to strengthen their governance, risk processes, and their ability to make robust financial decisions. As Chair of the Business Board, Gwennan is committed to supporting the Urdd’s financial strategy and long-term sustainability, helping to ensure that young people across Wales continue to benefit from the opportunities the organisation provides.