THE TRUST FOR WELSH ARCHAEOLOGY
Registered charity 504616 · accounts filings on the Charity Commission register · also known as CAMBRIA ARCHAEOLOGY, DYFED ARCHAEOLOGICAL TRUST LIMITED
The principal activity of the company during the year was the education of the public in archaeology through the provision of archaeological services.
Causes: Education/training · Environment/conservation/heritage · website · Get email alerts
Financial health, per its FY2025 accounts
The accounts state that the charity generated a net deficit of £4,100,097 for the year ended 31 March 2025, primarily due to merger-related restructuring costs and a significant actuarial loss on its defined benefit pension scheme. Per the trustees' report, unrestricted funds are in deficit by £402,455, and the charity remains heavily dependent on grant aid from Cadw, which accounted for 36% of total income. The trustees are pursuing a five-year strategy to return to surplus by 2026/27, supported by cash flow forecasting and growth in commercial activities.
Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Largest income source: Cadw
“Heneb continues to be heavily dependent upon grant aid from Cadw. This grant aid accounted for 36% of the Trust's total income (2023-24:29%).” — page 9
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £-402k)
“As at 31 March 2025, Heneb has a deficit on unrestricted funds of £402,455 (2022-23: £3,705,072 surplus).” — page 10
Per its FY2025 accounts as filed with the Charity Commission.
Accounts audited by Xeinadin Audit Limited. Discloses 3 of 6 completeness components.
Corporate structure
Leadership, per the charity’s website
- Richard Nicholls — CEO (source)
Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.
Company officers (Companies House)
Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.
- WILLIAMS, Steffan Rhys — director, appointed 29/01/2024on trustee list
- BELL, Carol, Dr — director, appointed 29/01/2024on trustee list
- REES, Sian Eluned — director, appointed 01/11/2023on trustee list
- GALE, Fiona Elizabeth — director, appointed 01/11/2023on trustee list
- OWEN-JOHN, Henry Stuart — director, appointed 01/11/2023on trustee list
- ELIS-WILLIAMS, David Geoffrey — director, appointed 01/11/2023on trustee list
- CLUBB, Nigel David — director, appointed 01/11/2023on trustee list
- JOHN, Hywel Rhys Richard — director, appointed 25/07/2019on trustee list
- WAINWRIGHT, Judith — director, appointed 15/05/2019on trustee list
- NICHOLLS, Richard Andrew — secretary, appointed 31/07/2024
Official officers record.
Property (HM Land Registry)
3 registered titles in England and Wales held by the charity’s company or corporate body (3 freehold); recorded price paid £183k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.
Public profiles (found on the charity’s own website): instagram
Structured financials (annual return, FY ending 31/03/2025)
Reported reserves equal ~5.2 months of spending — above the median for charities its size (median 4.8 months; benchmarks).
Per its annual return, largest income source: Charitable activities (64% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 0.3% of total income — below the median for charities its size (5.2%) (benchmarks).
Trustee list from the Charity Commission register (current, not historical).
Operates in: Carmarthenshire · Ceredigion · Pembrokeshire
Income and spending
Common questions
Is THE TRUST FOR WELSH ARCHAEOLOGY financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a net deficit of £4,100,097 for the year ended 31 March 2025, primarily due to merger-related restructuring costs and a significant actuarial loss on its defined benefit pension scheme. Per the trustees' report, unrestricted funds are in deficit by £402,455, and the charity remains heavily dependent on grant aid from Cadw, which accounted for 36% of total income. The trustees are pursuing a five-year strategy to return to surplus by 2026/27, supported by cash flow forecasting and growth in commercial activities. Its FY2025 accounts were audited by Xeinadin Audit Limited.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with YORK ARCHAEOLOGICAL TRUST FOR EXCAVATION AND RESEARCH LIMITED.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.