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
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)
Cost of raising funds
£4.1m
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).
- Kate Edenchair
- Cai Wilshaw
- Clare Pillman
- Daniel Richards
- David Aled Jones
- Dr Justin Morris
- Emma Yhnell
- Freya Stannard
- Huw George
- Hywel John
- Janice Victoria Williams
- John Hunt · trustee of 1 other charity
- Owen Hathway
- Rhys Evans
- Richard Thomas
Trustee list from the Charity Commission register (current, not historical).
Operates in: Throughout Wales
Income and spending
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.
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.
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Side by side with its peers
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