THE BOURNE FOUNDATION Charity Registration Number: 1165790
INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 31 AUGUST 2021
| INCOME Donations Grants received Money raised through events TOTAL INCOME EXPENDITURE Grants to the Bourne Academy TOTAL EXPENDITURE NET (DEFICIT) / SURPLUS FOR THE YEAR Funds brought forward from prior year CUMULATIVE FUNDS AT 31 AUGUST 2021 Represented by: Cash at bank Debtors - accrued income Debtors - owed by The Bourne Academy Funds breakdown: Restricted Unrestricted |
2021 £ 45,746 17,500 701 63,947 19,840 19,840 44,107 8,549 52,656 41,939 9,000 1,717 52,656 45,000 7,656 52,656 |
2020 £ 1,386 15,438 3,869 20,693 14,938 14,938 5,756 2,793 8,549 7,964 585 8,549 1,600 6,949 8,549 |
|---|---|---|
Approved by the Trustees on 22 June 2022 and signed on their behalf by
Adrian Smith Chair of Trustees
THE BOURNE FOUNDATION
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2021
The Bourne Foundation supports students of The Bourne Academy with enrichment activities to enhance their education and provide access to opportunities that might not otherwise be possible.
The year to 31 August 2021 has been an exciting year for the Foundation with a significant increase in income as a result of a one off substantial donation and associated gift aid.
Income, totalling £63,947 (2020 - £20,693) this year has been mainly made through grants and donations, with the following grants obtained:
-
£10,000 grant from the Alice Cooper Dean Foundation to support the cost of a
-
Safeguarding Frontliner at the Bourne Academy
-
£7,500 grant from the Southern Coop to support ELSA projects at The Bourne Academy
-
£36,000 one off donation plus £9,000 gift aid to purchase musical instruments for Year 7
-
and 8 students at The Bourne Academy as part of the Music in Secondary Schools Trust (MiSST) programme.
-
£1,447 raised through small donations and various events held at The Bourne Academy
-
during the year.
Grants totalling (19,840 (2020 - £14,938) have been made to The Bourne Academy during the year as follows:
-
£7,500 to support ELSA work with small groups of students
-
£10,000 to support the cost of employing a Safeguarding Frontliner to assist with an
-
increased safeguarding workload as a result of the COVIC-19 pandemic.
-
£1,600 to provide additional lockers for students to store cycle helmets during the day.
-
£740 to support the cost of breakfasts to disadvantaged students.
The £36,000 donation for music instruments is planned to be granted to the Academy over the next two financial years to support the purchase of 360 musical instruments as the MiSST programme is brought in from September 2023.
At 31 August 2021 the Foundation had reserves of £52,656 (2020 - £8,549). Of these £45,000 was restricted for the MiSST programme at the Academy with the remaining £7,656 (2020 - £6,949) being unrestricted funds. The Trustees plan to support small projects each year at the Bourne Academy, but are also trying to increase the level of unrestricted reserves held in order to support larger projects.
Approved by the Trustees on 22 June 2022