The estimated cost of £20,000 made a target of £25,000 realistic to allow for inflation. Up tp March 1974, the maximum grants available were 25% from Bingley UDC and 50% from the Ministry of Education and Science. After that date, the maximum possible would be 66.6%. Assuming maximum grants, the village would need to raise about £7,000. This should be done as quickly as possible, as fund raising campaigns generally tailed off and costs could rise. Although most of it would have to come from a few large events, small ones such as coffee mornings were desirable to involve a lot of people who could feel they had a stake in the success of the project. The hall group proposed to launch their fund raising with a series of coffee evenings at which they would promote a 200 Club.
This was the meeting which decided that a separate village hall account should be opened and the treasurer become assistant treasurer of WVS.
Gerald Tyler reported that the executors of the last trustees of the Mechanics Institute had been traced and it was now possible for the village society to push for appointment of new trustees. He reminded them that the building had a cash value. Even as a demolition site he had been given an estimate of £1000-£1500.
At the January 1972 meeting of the general committee, £100 was transferred from general funds as a donation to start off the village hall account.