 It is a Grade II* listed building.After many years of neglect the building was repaired in 1933 under the supervision of John Eric Miers Macgregor OBE, a specialist conservation architect who managed to save the derelict structure.The repair was funded by Ferguson's Gang, a mysterious group of young anonymous benefactors who endowed Newtown Old Town Hall to the National Trust and agreed for it to be run as a Youth Hostel for fifteen years.