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Cardiff accountants hear how history manages its finances

Business people from Cardiff visited St Fagans National History Museum this week (11 June) for an event organised by the Chartered Institute of Management Accountants (CIMA) to hear how the museum has managed the funding from the Heritage Lottery Fund (HLF) and the Welsh Government to completely transform the visitor experience.

Attendees were able to tour round Wales’ most popular heritage attraction and heard how, over the next five years, developments such as a new entrance hall and visitor facilities, new gallery spaces and historic buildings including an Iron Age farm and a medieval Welsh prince’s hall will transform the popular tourist destination.

They heard how the museum is funded and the challenges it faces with that funding, as well as about its history, from three speakers from the Museum: Bethan Lewis, Head of St Fagans National History Museum; Neil Wicks, Director of Finance and Corporate Resources, National Museum Wales and Liz Jones, Project Co-ordinator, St Fagans National History Museum.

Teresa Platt, ACMA, CGMA, South Wales Branch Chair for CIMA, who attended the event, said “It is was a great opportunity for finance professionals from around Cardiff to discover how such an important national body is able to run its finances efficiently and provide an invaluable resource both to Wales and visitors to the city. It was also a fantastic chance to hear more about the museum from those at the heart of its operation and expertise.”

St Fagans is one of Europe’s leading open-air museums and it stands in the grounds of the magnificent St Fagans Castle, a late 16th-century manor house donated to the people of Wales by the Earl of Plymouth.

This was posted in Bdaily's Members' News section by CIMA UK Regional News .