The start of a restoration?

Yesterday my mother sent photos of her old spinning wheel that she's sending over to me. The hope was/is to get it into working order so I can actually spin on it. Looks like that may be a sizable challenge.

Here's the history on the wheel:
My mom's friend gave it to her as a wedding present back in the late 1970s. The wheel came from near the friend's childhood home, from a farm in southern coastal Norway. He got it into working order and gave it to my mom. She spun on it a bit, but through several moves and other circumstances the wheel ended up in pieces in the storage room.

Here's what it looks like now.






Oy.
I'm trying to get a sense for if there's any hope of being able to spin on it. I'm willing to put time and money into it. But even if it's beyond functional repair, it's a beautiful wheel that'd be lovely to have out on display.

So... this might be post one of an epic restoration journey, or it might now. We'll have to see!