James Reckitt Memorial Trust have been awarded £57,800 from East Riding of Yorkshire Council as part of Commuted Sums from local housing developments.
In addition to the Commuted Sums funding, the Trust have received £5,000 from Swanland Parish Council and raised £1,422 themselves towards a £64,222 project.
The funding from Commuted Sums will allow James Reckitt Memorial Trust to completely refurbish the play area on the site. The plans include installing a Two Tower Multiplay Unit, a Basket Swing, a roundabout, a seesaw and three benches.
Martin Needler, Trustee, James Reckitt Memorial Trust, said: "The Trustees of the James Reckitt Memorial Hall are delighted to receive this commuted sum grant from East Riding of Yorkshire Council.
"The original playground equipment was installed in 1963 when the original James Reckitt Memorial Hall was sold to the local authority to create Swanland Primary School and the current Memorial Hall was built. Some equipment has been replaced, but much is the original and well past its "sell by date".
"It is pleasing to benefit from the many houses that have been built in Swanland over the last few years, because, as a very small charity with very limited funds, it would not have been possible to undertake the total replacement of all the equipment in this playground.
"The new equipment has been designed with innovation within the design and manufacture, to ensure we will have a safe play area and recreation equipment that creates fun for all to use and meets current European safety standards. To comply with the terms of the 1924 trust deed, this playground is for the benefit of the people of Swanland and the surrounding area. We hope to start the work on site during May and it will take about two weeks to complete.
"The Trustees would like to thank Swanland Parish Council who have agreed to grant us a further £5000 towards the costs."
Councillor Claire Holmes, portfolio holder for planning, infrastructure, and housing, added: "This significant funding from Commuted Sums from local housing developments as a condition of their planning approval will greatly enhance these facilities and offer real benefits to the local community in Swanland."