In 1992 the New Romney Town Mayor, Councillor Mrs A. S. Alderton, called a public meeting to listen to the views of all those who were concerned by the rapid deterioration of the Old School building. Over sixty local people, many of whom were former pupils of the school, attended the meeting together with representatives of Shepway District Council who at that time owned the freehold. In 1993, in response to this concern, New Romney Old School Trust was formed, and in 1995 it obtained charitable status.

The aims and purpose of the Trust were to refurbish, maintain and utilise an important redundant Victorian school building set in a conservation area in the ancient Cinque Port Town of New Romney and within the shadow of the Norman Church. It was hoped that the Old School would become a focal point for community use by residents and visitors alike.

In February 1996 the Trust was granted planning permission for the restoration of the Old School and in March the Department of the Environment gave consent for Shepway District Council to dispose of the Old School for £1. The market value had been agreed at £17,000. Total estimate for the restoration work was £360,000.