RIVERSIDE DEVELOPMENT PROJECT-THE STUDIO

 

 

The Project took seven years to complete. Now that we are there I thought it would be interesting to look back and see what it all cost. I asked our Honorary Treasurer, Peter Anderson, and he brilliantly came up with all the figures:-

Total Cost £379,800

Made up of: -

Purchasing the Freehold £225,000: Building materials, subcontracted work and fees £113,300 Utilities & Insurance £4,850 : Capital equipment (mostly chairs and tables) £7,000: Fund raising activities £29,500

 

And where did the money come from?

Grants totalled £116,500 including £100,000 from Spelthorne Borough Council : RAC Funds contributed from surpluses £83,900 over the 7 year period : RAC Affiliated Societies and Individual Donations £106,300 : Gift Aid tax refunds £11,000 and finally RAC Fund raising activities contributed £57,400

We could not have achieved our objective for such a modest sum without the aid of a number of people who contributed in a different way. I refer to our consultants, including the architect and structural engineer who gave their services for free; those who gave equipment and materials and those of our members who gave their time in organising fund raising or helping with the building work.

Our building volunteers clocked up over 6,000 hours!

Without any of our contributors we could not have achieved what we have today. We thank them all and hope that the fruits of their labours will be enjoyed by the local people for many years to come.

Eric Champion

Project Manager