Thomas Bullock Trust

 

 

 

The Thomas Bullock Trust oversees the distribution of funds resulting from a bequest by Thomas Bullock in 1735 for teaching the poor of the parish of Shipdham. Nowadays, as well as its main aim of providing additional money to support the work of the local village school, it also gives grants to individuals to further their wider education, the social and physical development of young people who live in the parish and for support of Further Education and University students.

 

Who are the Trustees?

 

There are seven Trustees who meet regularly to consider requests for financial assistance (meetings must be held at least biannually and are currently held about five times a year.) The A.G.M. is in the first week in May.

 

• The Vicar of Shipdham, Gill Wells
• The two Churchwardens, John Larwood and Ray Arnold
• Two Parish Council nominees, Steve Medler and Dave Kent
• Two Co-opted Trustees, John Carey Bennett and Barbara Scott

 

Each new Trustee must sign an agreement to abide by the terms of the Trust upon their attendance at their first meeting with the Trustees.

 

What are the Trust’s Sources of Income?

 

The Trust currently has over £1.7 million in Charity investment funds, plus up to £50,000 on deposit and working capital in operative accounts. In addition, it owns a total of 27.02 acres of agricultural land, currently generating £2000 rental income p.a. The Trust also owns the Shipdham Playgroup building which is insured for £130,000. Annual income, which is available for distributing as grants, averages more than £50,000 p.a. but is dependent upon the state of the stock market.

 

How does the Trust use its income?

 

1. Grants to the Thomas Bullock C of E Primary Academy: The Headteacher, on behalf of the Governors, submits a ‘wish list’ to the Trust at the start of each financial year, enabling the Trustees to set aside adequate funds to cover those items they have agreed to finance. Additional requests may also follow! Regular annual requests have included peripatetic music tuition, gospel-singing workshop, curriculum enhancement week, bible purchase, Thomas Bullock prizes for achievement, residential and other visits, ICT development, library refurbishment and the development of an outdoor play area.

 

2. Individual Grant Allocations: Grants are made available to young people resident in the parish of Shipdham. They must be under 21 years of age at the first time of application. Formal applications must be made to the Chairman or Treasurer using the forms available and must be re-submitted annually where applicable. To ensure that all applicants are treated fairly, the Trustees have evolved the following responses to requests for funding.

 

3. School Student Grants: (a) School Trips – 50% total cost (to a max. £250) (b) Extra- curricular activities e.g. Music/ Singing/ Dance / Sports Tuition – 50% total cost of one activity per term to max. £150 p.a. (c) Lease then purchase of musical instruments – full cost (based on written estimate provided by music tutor) but instrument remains the property of the Trust to which it is returned when no longer required. It is then passed to the school. Instruments must be insured by the applicant. An instrument may be leased for a term by the Trust in the first instance. Instruments (and tuition) supported include, piano, flute, clarinet and violin.

 

4. Higher and Further Education grants: The following FE and HE grants will be available. The actual size of each individual grant provided may vary from year to year, depending on the number of applicants and Trust funds available at the time. (a) Costs associated with attendance at Sixth Form College (e.g. transport, books) (b) Costs for any student attending a University or College of Further Education to study for either a degree or sub-degree qualification e.g. A Level or NVQ Levels 2 or 3. A separate application will be needed for each year of study, together with proof of satisfactory completion of the previous year, where applicable. Grants are available for first degrees only.

 

5. One-off applications are considered on their individual merits. For example, towards cost of attending Easter World Jamboree; to pay for speech therapy sessions for a child with Down’s Syndrome; towards cost of Judo training for an Olympics hopeful; to go with Southburgh Choir on trip to Exeter Cathedral.

 

How do local people find out about the Trust?

 

The Trustees have placed advertisements in the school and local shops, explaining what financial assistance it can offer and providing telephone and internet contact details. In addition, a full-page advertisement appears in the parish magazine twice yearly. You will also find us on the village website – www.shipdham.org and our Facebook page- The Thomas Bullock Trust, Shipdham.

 

How does an individual make a claim for funding?

 

Application deadlines are: 31st August for university applicants and 30th September for FE applicants. Grants are not be retrospective.

 

Application forms are available from the Treasurer, Dave Kent at 8, Greenwood Way (01362 821399). Alternatively, you can print and submit one of the linked Application Forms (below). Forms must be completed by the applicant or their parent and submitted by the stated deadline, to be considered at the Meeting of the Trustees following that date. Cheques will be provided by the Treasurer for successful applicants (each made out, where applicable, to the appropriate company/organization).

 

The most recent expenditure report is in the Annual Report for last year, which is available from the link below.

 

Carey Bennett, Chair
The Granary, Pound Green Lane (01362 820839) johncareybennett@gmail.com

 

Current Forms and Reports

 

 Grant Application from for use from September 2015

instrument or eqpt. funding agreement

Thomas Bullock Trust Annual Report 2018-2019


     

    Copyright 2019 Shipdham Parish Council | Terms | Privacy and cookies