[5] Its purpose is the joint administration of several legacies dedicated for the relief of poverty, the provision of housing and accommodation and environmental, conservation or heritage objectives in the Parish of Bourne.

It also owns a number of investment properties in the town and elsewhere, principally in Leytonstone in the London Borough of Waltham Forest.

They own and manage the Wellhead park and the Abbey Lawn sports field in the centre of town.

Bourne United Charities own the Wellhead Cottage, and several other restored buildings that are used by community organisations.

These include the Shippon Barn on the edge of the Wellhead Gardens, used by the Scouts and the Guides, and the early 19th century Baldock's Mill in South Street that is now operated as a museum by the Civic Society.