The Finance Committee of the Town Trust meets quarterly to review its income, investments, balances and to discuss any grants to be made.
A draft budget is prepared annually and agreed by the Trust, based on past experience and known forward plans plus a budgeted reserve.
The investment policy is low risk, diversified and seeking a balance of capital growth with income. Trust income comes from investments, grazing rents and land grants, “Common goings” and market tolls.
Grants to be made, based on incoming requests, are recommended by this committee and agreed at full Trust meetings.
Bungay Town Trust has always made donations to support organisations within the Town, and although the amounts vary depending on other commitments (ie the current Almshouse project), they have in the past funded such varied projects as the lights for St Mary's Churchyard, crockery for the Hospital, sets of chairs and a mobile stage for Town use, plus sporting and youth facilties as requested. Since 1985 the Trust has donated over £150,000.
In 2017, we gave grants, totalling £4210, to:
Further details regarding possible grants and application forms may be obtained by following the link under Town Trust Grants on the left