Dunster Tithe Barn

PROJECT FINANCES

What did it cost? Where did the money come from?

A massive amount of work was done by the Steering Committee at the start of this project. A Business Plan included:

Projected capital costs and funding

Buildings survey

Plans, drawings, and feasibility Report

Estimates and costings

Projected annual running costs and income from usage


 

 

Dunster Tithe Barn Community Hall

May 2002 up to 31st December 2006

 

 Details of Final Project Costings and Funding Sources

 

 Total Costings

 

Preliminary  Fees                                                              

  Architect                                                                     £10,000                              

  Highways Report                                                        £  3,500                              

  Building Survey                                                          £  1,020                £14,520             

 

Pre-Contract Expenses Paid                                         

  Planning Application  Ex. Nat. Park                             £   330                              

  Building Regs. West Som.                                          £2,335

  Asbestos Report                                                          £   900                              

  Conservation Report                                                    £1,000                               

  Bat Survey                                                                   £   500                               

  Valuation Fee                                                               £   587                               

  Renewable Energy Rpt                                                .£  588                               

  Sub to Ass. Pres. Trust.                                               £    50                         

  Insurance (Two years.)                                                 £  755    

  Site Clearance                                                              £  150                  

  Rent                                                                              £    50                       £7245

 

  Project Team and Other Fees                                                     

     Architect                                                                     £20,000                          

     Quantity Sur.                                                              £14,000

     Surveyor - CDM                                                         £  2,000 

     Solicitors                                                                    £     750

      VAT                                                                           £  6,431

     Structural Eng.                                                            £ 2,667                             

    Archeological Rpt.                                                        £ 1,146                             

    Solicitors                                                                      £  2,000

     H.Binding                                                                    £     500            

     General Expenses                                                      £  1,000                £50,494

                              

Final Building Costs                                                    £454,959                        

                                                                         VAT        £  4,287              £459,246     

                                                                                

 Solar Panels, Kitchen Equip. Hearing Loop                                             £9,000

 Sports Equipment                                                                                      £4,486

Total Project Costs                                                                                  £544,991

                                                    

 

 

 

 Total Income

 

   Contributions in Kind

 

                              Architect                                              £10,000

                              Highways Rpt                                        £3,500

                              Building Sur.                                          £1,020

                              Solicitors                                                £2,000                    £16,520

 

  Other Income Sources

                                Fund Raising                                      £14,880

                                Donations                                            £ 4,559

                                Dunster P.C.                                       £ 3,000

                                Dunster Hort. Scty                                £1,000

                                Dunster Festival                                   £6,000

                                Ex.Nat. Park                                         £2,500

                                Minehead Coastal Initiative                   £2,000

                                Som. Cty. Council                                    £200

                                Memorial Book                                     £1,865   

                                Buy a Slate                                           £1,025

                                Foresters Arms Ch.                                 £500                     £37,529

 

   Grants Received

                               Heritage Lottery fund                           £287,500

                               D.E.F.R.A.                                             £59,070 

                               Wyvern Environmental                          £38,000  

                               Som. Cty. Council                                   £7,500     

                               West Som. District                                  £7,500

                               Rural Initiative Fund                                £8,830                    

                               Garfield Weston Trust                             £5,000

                               Viridor Waste Management                   £30,000

                               The Crown Estate                                 £30,000

                               Kirby Laing Trust                                     £5,000

                               The Clothworkers' Foundation               £10,000

                               Alan Evans Memorial Trust                    £ 1,500

                               Awards For All                                       £ 4,486                 

                               The Leonard Laity Stoate Foundation    £2,000                  £ 496,386

 

Total Income                                                                                                      £550,315

           less Total costs                                                                                       £544,991

Surplus of Income over Expenditure                                                               £   5,324

 

Here some members of the Steering Committee increase public awareness - and raise some funds - at the annual Dunster Show in August.

Fundraising at Dunster Show

 

Supported by the Heritage Lottery Fund

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