NATIONAL MUSEUM OF WALES

Registered charity 525774 · accounts filings on the Charity Commission register · also known as NATIONAL MUSEUM WALES

We operate 7 free-entry museums across Wales, plus the National Collections Centre, to further our core objective of 'the advancement of the education of the public' in the fields of science, art, industry, history and culture.

Causes: Education/training · Arts/culture/heritage/science · Environment/conservation/heritage · website · Get email alerts

Latest income
£49.2m
Latest spending
£44.8m
Registered
1963
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net income of £3.9 million for the year, with total funds at year-end reaching £177.6 million. The filing notes that the museum remains dependent on Welsh Government funding to sustain the majority of its activities, with 80.2% of consolidated income derived from the Welsh Government. The trustees confirm that the accounts have been prepared on a going concern basis with no material uncertainties regarding the ability to continue.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Welsh Government (80% of income)
“In 2024/25 £38.9m or 80.2% of our consolidated income derived from the Welsh Government”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: 2% of grant-in-aid for public funds cash reserves; maximise private funds for projects/capital schemes (held: £8.7m)
“Our policy is to maximise and hold these funds for projects and capital schemes for which we are unable to receive core funding or generate other grant support, while remaining within any restrictions on use contained within the Private Funds. Our reserves policy regarding public funds remains dependent upon, and restricted by, the authority granted by the Welsh Government in our Framework Agreement, which at the financial year-end 2024/25 limited our public funds cash reserves to 2% of grant-in-aid”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Income from BBC Wales
“£1,782 from BBC Wales. Abigail Lawrence and Rhys Evans are employees of BBC Wales” — page 88
“£16,972 from Natural History Museum. Freya Stannard was an employee of Natural History Museum.” — page 89
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Income from Natural History Museum
“£1,782 from BBC Wales. Abigail Lawrence and Rhys Evans are employees of BBC Wales” — page 88
“£16,972 from Natural History Museum. Freya Stannard was an employee of Natural History Museum.” — page 89
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Payment to Heneb Trust
“£1,782 from BBC Wales. Abigail Lawrence and Rhys Evans are employees of BBC Wales” — page 88
“£16,972 from Natural History Museum. Freya Stannard was an employee of Natural History Museum.” — page 89
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Income from Cardiff University
“£1,782 from BBC Wales. Abigail Lawrence and Rhys Evans are employees of BBC Wales” — page 88
“£16,972 from Natural History Museum. Freya Stannard was an employee of Natural History Museum.” — page 89
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: NMGW Enterprises Ltd
“We operate a wholly owned trading subsidiary, NMGW Enterprises Ltd, company number 02449244, registered in England & Wales.” — page 60
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Auditor General for Wales. Discloses 4 of 6 completeness components.

Property (HM Land Registry)

11 registered titles in England and Wales held by the charity’s company or corporate body (9 freehold); recorded price paid £325k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook (10,858 followers) · instagram (25K followers)

Structured financials (annual return, FY ending 31/03/2025)

Total income
£49.2m
Total spending
£44.8m
Cost of raising funds
£4.1m
Reserves (reported)
£8.7m
Employees
611

Reported reserves equal ~2.3 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Charitable activities (81% 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: 8.4% of total income — above the median for charities its size (3.8%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£49.2m£44.8m
31/03/2024£49.6m£46.9m
31/03/2023£41.0m£44.0m
31/03/2022£38.3m£38.8m
31/03/2021£34.4m£37.2m

Common questions

Is NATIONAL MUSEUM OF WALES financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net income of £3.9 million for the year, with total funds at year-end reaching £177.6 million. The filing notes that the museum remains dependent on Welsh Government funding to sustain the majority of its activities, with 80.2% of consolidated income derived from the Welsh Government. The trustees confirm that the accounts have been prepared on a going concern basis with no material uncertainties regarding the ability to continue. Its FY2025 accounts were audited by Auditor General for Wales.

Who funds NATIONAL MUSEUM OF WALES?

Funders whose own accounts filings name NATIONAL MUSEUM OF WALES as a grant recipient include COLWINSTON CHARITABLE TRUST, NATIONAL ART COLLECTIONS FUND, THE SIMON GIBSON CHARITABLE TRUST, The Ashley Family Foundation, THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENT.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
COLWINSTON CHARITABLE TRUSTFY2024£115kHelp cover the costs of restoring the historic Garden Glasshouses at St Fagan’s Castle.
NATIONAL ART COLLECTIONS FUNDFY2023£60kAcquisition grant
COLWINSTON CHARITABLE TRUSTFY2024£45kHelp cover the costs of restoring the historic Garden Glasshouses at St Fagan’s Castle.
NATIONAL ART COLLECTIONS FUNDFY2024£40kCardiff
NATIONAL ART COLLECTIONS FUNDFY2023£18kAcquisition grant
COLWINSTON CHARITABLE TRUSTFY2022£13k
THE SIMON GIBSON CHARITABLE TRUSTFY2022£10k
THE SIMON GIBSON CHARITABLE TRUSTFY2023£5k
The Ashley Family FoundationFY2022£5k
THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENTFY2023£4kCultural Heritage
THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENTFY2022£3kCultural Heritage
THE MARY HOMFRAY CHARITABLE TRUSTFY2023£1k
THE OAKDALE TRUSTFY2025£1k

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund10/06/2025£250k"Caerllion Rufeinig – Porth i Partneriaeth I Caerllion Rufeinig - Roman Caerleon Gateway 'Partnership' Project"
Postcode Lottery12/02/2025£900kRegular Grant 2025
The National Lottery Heritage Fund11/10/2024£184k"#Grow: Amgueddfa Cymru"
The National Lottery Heritage Fund28/03/2024£12.4m"The Redevelopment of Amgueddfa Lechi Cymru, Llanberis"
Postcode Lottery01/12/2023£800kRegular Grant 2024
The National Lottery Heritage Fund27/09/2023£74k"#Innovate NM-22-00466 Explore: Amgueddfa Cymru"
Postcode Lottery29/03/2023£700kRegular Grant 2023
The National Lottery Heritage Fund12/12/2022£19k"Explore: Amgueddfa Cymru"
Postcode Lottery16/03/2022£600kRegular Grant 2022
The National Lottery Community Fund25/11/2021£379kAmgueddfeydd ein Cof / Museums of Memory
The National Lottery Heritage Fund23/05/2019£68k"Preserving the industrial heritage at Big Pit National Coal Museum"
The National Lottery Heritage Fund22/02/2019£52k"Discovering Ancient Heritage: The first Celtic Iron Age Chariot Burial in Wales"
The National Lottery Heritage Fund26/07/2018£65k"Brought to the Surface: A new beginning for freshwater snail identification"
The National Lottery Heritage Fund28/06/2017£875k"Hands on heritage"
The National Lottery Heritage Fund30/09/2014£349k"Saving Treasures, Telling Stories"
The National Lottery Heritage Fund12/12/2013£473k"John Piper and the Mountains of Wales"
The National Lottery Heritage Fund22/03/2012£142k"Margam Paintings"
The National Lottery Heritage Fund25/05/2010£996k"Heritage Horticulture Skills Scheme"
The National Lottery Heritage Fund23/02/2010£13.0m"Creu Hanes - Making History"
The National Lottery Heritage Fund25/05/2007£44k"Everywhere in Chains - Wales and Slavery"
The National Lottery Heritage Fund30/11/2006£105k"Big Pit - Learning Annex"
The National Lottery Heritage Fund31/08/2005£35k"Acquisition of the Newly discovered Bronze Age Gold Hoard from Burton"
The National Lottery Heritage Fund04/07/2005£1k"The National Museums And Galleries Of Wales Will Use An Award To Undertake A People'S History Programme That Will Include A Number Of Differ"
The National Lottery Community Fund01/07/2005£19kReunion, Digging for Victory
The National Lottery Heritage Fund26/10/2004£50k"On Common Ground"

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 NML FOUNDATION.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
NATIONAL MUSEUM OF WALES£49.2m——unclear—no doubt
NML FOUNDATION FY2025£221k—0above—no doubt
CWMNI PLAS GLYN'Y-WEDDW LIMITED FY2025£1.3m—0below—no doubt
NATIONAL ZOOLOGICAL SOCIETY OF WALES FY2024£2.7m—0unclear—no doubt
BIRMINGHAM MUSEUMS TRUST FY2025£12.6m——above—noted
NATIONAL SPACE CENTRE FY2025£9.9m——above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.