NATIONAL LIBRARY OF WALES

Registered charity 525775 · accounts filings on the Charity Commission register

Founded by Royal Charter in 1907, NLW is one of the legal deposit libraries of the UK and has benefited from this status since 1911. Through this privilege, by purchase, donation or legacy it has built up a significant collection specialising in Wales, the Welsh and the other Celtic peoples that includes a wide range of media: books, records, maps, pictures, films & for the benefit of the public.

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

Latest income
£22.3m
Latest spending
£17.6m
Registered
1967
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the Library achieved a net income of £5.196m for the year, with total incoming resources of £22.33m against total resources expended of £17.6m. The trustees report that unrestricted public reserves decreased to £440k, while total fund balances stood at £112.9m, supported by significant unrestricted private funds and restricted capital reserves. The auditor confirmed the accounts were prepared on a going concern basis with no material uncertainties identified.

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

What the accounts disclose

Employees paid over £60,000: 8
“Other than members of the Executive Team (noted on Page 23), there were 4 members of staff who earned normal pay between £60,000 and £70,000 (2023/24 5). This did not include staff who received over £60,000 including their pay in lieu of notice and voluntary severance payments.” — page 49
Per its FY2025 accounts as filed with the Charity Commission.
Largest income source: Welsh Government (84% of income)
“In 2024/25, £18.821m or 84% of the Library’s consolidated income derived from the Welsh Government” — page 60
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £440k; policy: 2% of gross Grant-in-Aid)
“The unrestricted public reserve decreased from £588k to £440k.” — page 16
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Welsh Government
“The Welsh Government is regarded as a related party. During the year the Library received funding from the Government in the form of Grant in Aid, Purchase, Capital and Project Grants as disclosed in note 2. Welsh Government received repayment of the interest of £20K (2023/24: £18.5K) generated from public fund balances.” — page 58
“David Michael, a former Director of the Library is an independent member of the Audit Committee. Pedr ap Llwyd, the previous Chief Executive of the Library is a Member of the executive Board in Wales. Susan Davies, Trustee is a consultant for NLHF”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: National Lottery Heritage Fund
“The Welsh Government is regarded as a related party. During the year the Library received funding from the Government in the form of Grant in Aid, Purchase, Capital and Project Grants as disclosed in note 2. Welsh Government received repayment of the interest of £20K (2023/24: £18.5K) generated from public fund balances.” — page 58
“David Michael, a former Director of the Library is an independent member of the Audit Committee. Pedr ap Llwyd, the previous Chief Executive of the Library is a Member of the executive Board in Wales. Susan Davies, Trustee is a consultant for NLHF”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Cardiff Council
“The Welsh Government is regarded as a related party. During the year the Library received funding from the Government in the form of Grant in Aid, Purchase, Capital and Project Grants as disclosed in note 2. Welsh Government received repayment of the interest of £20K (2023/24: £18.5K) generated from public fund balances.” — page 58
“David Michael, a former Director of the Library is an independent member of the Audit Committee. Pedr ap Llwyd, the previous Chief Executive of the Library is a Member of the executive Board in Wales. Susan Davies, Trustee is a consultant for NLHF”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Eisteddfod Genedlaethol
“The Welsh Government is regarded as a related party. During the year the Library received funding from the Government in the form of Grant in Aid, Purchase, Capital and Project Grants as disclosed in note 2. Welsh Government received repayment of the interest of £20K (2023/24: £18.5K) generated from public fund balances.” — page 58
“David Michael, a former Director of the Library is an independent member of the Audit Committee. Pedr ap Llwyd, the previous Chief Executive of the Library is a Member of the executive Board in Wales. Susan Davies, Trustee is a consultant for NLHF”
Per its FY2025 accounts as filed with the Charity Commission.
Pension scheme deficit: £16.0m
“As at 31 March 2025, the scheme reported a net pension liability of £15.98 million” — page 18
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Audit Wales. Discloses 5 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.

Public fundraising profile: JustGiving — National Library of Wales, Llyfrgell Genedlaethol Cymru (matched by registered charity number).

Property (HM Land Registry)

2 registered titles in England and Wales held by the charity’s company or corporate body (1 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

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

Total income
£22.3m
Total spending
£17.6m
Cost of raising funds
£1.4m
Reserves (reported)
£588k
Employees
202

Reported reserves equal ~0.4 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Charitable activities (91% 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: 6.5% of total income — above the median for charities its size (3.8%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£22.3m£17.6m
31/03/2024£21.0m£20.0m
31/03/2023£17.4m£19.4m
31/03/2022£18.8m£14.8m
31/03/2021£17.3m£14.1m

Common questions

Is NATIONAL LIBRARY OF WALES financially healthy?

Per its FY2025 accounts: The accounts state that the Library achieved a net income of £5.196m for the year, with total incoming resources of £22.33m against total resources expended of £17.6m. The trustees report that unrestricted public reserves decreased to £440k, while total fund balances stood at £112.9m, supported by significant unrestricted private funds and restricted capital reserves. The auditor confirmed the accounts were prepared on a going concern basis with no material uncertainties identified. Its FY2025 accounts were audited by Audit Wales.

Who funds NATIONAL LIBRARY OF WALES?

Funders whose own accounts filings name NATIONAL LIBRARY OF WALES as a grant recipient include Friends of the Nations' Libraries.

Known funders

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

FunderYearAmountPurpose (as stated by the funder)
Friends of the Nations' LibrariesFY2025£4kAcquisition of Captain Charles Johnson’s A general history of the pyrates
Friends of the Nations' LibrariesFY2022£2kUncorrected proof copy of ‘In Parenthesis’ by David Jones and holograph introduction
Friends of the Nations' LibrariesFY2022£800Notebook compiled by David Lloyd George during the 1910 General Election campaign

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund27/04/2017£10k"Unlocking the Hidden History of the Great War / Datgloi Hanes Cudd y Rhyfel Mawr"
The National Lottery Heritage Fund21/03/2017£5.2m"A National Broadcast Archive for Wales: Access for all to the BBC Wales Archive"
The National Lottery Heritage Fund27/03/2014£85k"Wales at War / Cymru yn y Rhyfel"
The National Lottery Heritage Fund11/09/2012£699k"Purchase of 'The Laws of Hywel Dda' ('The Boston Manuscript')"
The National Lottery Community Fund25/01/2012£106kEin Helpu i Gyflawni
The National Lottery Heritage Fund10/06/2002£366k"Archives Network Wales"
The National Lottery Heritage Fund08/11/2000£2.4m"National Library of Wales Visitor Experience"
The National Lottery Heritage Fund16/07/1998£172k"Turner, Dolbadern Castle - Acquisition"
The National Lottery Heritage Fund07/07/1997£125k"Turner, "Aberdulais Mill, Glamorganshire""

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 Friends of the Nations' Libraries.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
NATIONAL LIBRARY OF WALES£22.3m—8below—no doubt
Friends of the Nations' Libraries FY2025£458k—0unclear—no doubt
NATIONAL MUSEUM OF WALES FY2025£49.2m——unclear—no doubt
CYNGOR LLYFRAU CYMRU-THE BOOKS COUNCIL OF WALES FY2025£7.5m£80,001 - £90,0001unclear—no doubt
Libraries Connected FY2025£2.7m——within—no doubt
CWMNI PLAS GLYN'Y-WEDDW LIMITED FY2025£1.3m—0below—no doubt

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