Finance
The community share offer and donations have raised nearly £0.5 million - an amazing achievement.
In 2018 our initial Bovey Paradiso Community Share Offer raised £464,100 in shares – including £100,000 from Big Society Capital – and of the rest, 90% came from our community. Donations raised a further £28,919, making a total of £493,019. This made it possible for us to aquire the old King of Prussia pub and begin refurbishments.
The estimated cost of construction work on the heritage building then was £170,000. Applications for grants to pay for this were successful and the initial work completed in 2020. We made further grant applications totalling £382,000, and identified other potential grant funding bodies to support us. A second share offer fell in the midst of the global pandemic, but still raised a further £107,000 which enabled us to install our modern professional kitchen, create a new dining area and begin the next phase of construction - the atrium and shell of the auditorium.
Our task now is raising the remaining funding we need to complete the cinema theatre and the atrium cafe, and to equip them. We are examining various options for this and have launched a third share offer. You can download our latest detailed business plan on this page. Below you can download the latest Financial Statements.
Documents to download
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Financial Statements for year ending 30 June 2023
Added: 06 December 2023
Filesize: 0.38MB -
Financial Statements for year ending 30 June 2024
Added: 11 November 2024
Filesize: 1.23MB
