WELSH NATIONAL THEATRE
Objects
THE OBJECTS OF THE CIO ARE FOR THE BENEFIT OF THE PUBLIC, THE ADVANCEMENT OF THE ARTS AND WELSH CULTURE BY, BUT NOT LIMITED TO, THE PROMOTION OF THEATRE, PLAYS, STORIES, ARTISTIC PERFORMANCES AND PROGRAMS IN WALES AND THROUGHOUT THE WORLD PRIMARILY THROUGH THE MEDIUM OF THE ENGLISH LANGUAGE.
Financial health, per its FY2026 accounts
The charity reported a surplus of £275,279 for the period, with total income of £849,073 against expenditure of £573,794. Unrestricted free reserves stood at £25,125, which the trustees note is lower than their stated policy target of three to six months of operating expenditure, though they anticipate building reserves in the coming year. The trustees confirmed the charity is a going concern with adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“Income comprises of grants and donations (£571,135) and ticket sales from the Playing Burton tour and other charitable income (£277,531).” — page 8
“Total unrestricted reserves at 31 December 2025 are £25,125 which are also free reserves. This is lower than required based on the reserves policy but as this is the first 9 months of activity, reserves will be built up going forward.” — page 8
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Government income: £50,000 — grants £50,000 (1); 6% of the £849,073 total gross income on the same return
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Dr John Mark Frost PhD, CPsychol
- Dr Rachel Elizabeth O Riordan
- Dyfed Elwy Fleetwood Alsop
- Helen Protheroe
- Michael Sheen
- Rakie Ayola
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £849k | £574k |
Common questions
Is WELSH NATIONAL THEATRE financially healthy?
Per its FY2026 accounts: The charity reported a surplus of £275,279 for the period, with total income of £849,073 against expenditure of £573,794. Unrestricted free reserves stood at £25,125, which the trustees note is lower than their stated policy target of three to six months of operating expenditure, though they anticipate building reserves in the coming year. The trustees confirmed the charity is a going concern with adequate resources to continue in operational existence for the foreseeable future. Its FY2026 accounts were independently examined.
Who funds WELSH NATIONAL THEATRE?
Funders whose own accounts filings name WELSH NATIONAL THEATRE as a grant recipient include THE CORCORAN FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE CORCORAN FOUNDATION | FY2025 | £10k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BRANSFORD TRUST | 1 | £43k |
| THE JOHN THAW FOUNDATION | 1 | £8k |
| THE ELMLEY FOUNDATION | 1 | £7k |
| MARIA BJORNSON MEMORIAL FUND | 1 | £5k |
| THE FENTON ARTS TRUST | 1 | £5k |
| THE GROCERS' CHARITY | 1 | £5k |
| THE LECHE TRUST | 1 | £4k |
| THE NOEL COWARD FOUNDATION | 1 | £2k |
Charities like this
- GAMLEARN
- ENGLISH TOURING THEATRE LIMITED
- THE WELL CHURCH, NORTH SWINDON
- THEATRE-RITES
- ROYAL EXCHANGE THEATRE TRUSTEES LIMITED
- WORCESTER THEATRES CHARITABLE TRUST LTD
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| WELSH NATIONAL THEATRE | £849k | — | — | below | — | no doubt |
| GAMLEARN | £310k | — | 0 | unclear | — | no doubt |
| ENGLISH TOURING THEATRE LIMITED | £1.2m | — | — | unclear | — | no doubt |
| THE WELL CHURCH, NORTH SWINDON | £134k | — | 0 | above | — | no doubt |
| THEATRE-RITES | £278k | — | 0 | unclear | — | no doubt |
| ROYAL EXCHANGE THEATRE TRUSTEES LIMITED | £50k | — | 0 | unclear | — | no doubt |