Although the build was complete, we still had our £350,000 loan from the Charity Bank that we needed to pay off.
We were fortunate to receive about £210,000 in Section 106 money in April 2018 which was used to offset the loan and this sum significantly reduced our monthly loan repayments. After that the Trustees converted the remainder of the loan to a mortgage which, based on the current levels of bookings, we will continue to be able to pay.
The project officically complete, the Trustees now encourage you to take full advantage of your beautiful new village hall, use it for your parties, try out some of the classes and maybe come and see a film!
For more information, click on the following: