Following the retirement of the last miller, and the subsequent sale of the mill and surrounding buildings, a group of local residents got together in 1998, to form the Friends of Moulton Mill, and start raising funds in order to restore the mill. The company - Moulton Windmill Project Ltd - was also formed and registered as a charity. The fund-raising activities ranged from running tombola stalls and baking cakes,to seeking grants from a variety of potential funding sources, including the Heritage Lottery Fund and others. By 2003, sufficient funding had been secured to embark on Phase 1 of the project. The first photo shows the mill in 2003, before any work had commenced.