MAGNA VITAE
Registered charity 1160156 · accounts filings on the Charity Commission register
We provide a range of cultural, leisure and health related facilities and services that allow local people to lead a great life. Any profits we make are re-invested to continually develop and improve services for the people of East Lindsey.
Causes: Arts/culture/heritage/science · Recreation · website · Get email alerts
Financial health, per its FY2025 accounts
The accounts state that the charity reported a small surplus of £5,712 for the year ended 31 March 2025, with total income of £7,719,093 and total expenditure of £7,713,381. The trustees note that unrestricted reserves stand at £1,805,822, which is above the stated policy target of £1m, although free reserves are £1,414,194. The charity acknowledges a key challenge regarding the partial termination of its service contract with East Lindsey District Council, which will terminate on 30 September 2027.
Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Largest income source: Gym Membership (22% of income)
“Gym Membership 1,697,629” — page 18
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: at least £1m in unrestricted or free reserves (held: £1.8m)
“This reserves figure is higher than our Reserves Policy which is to hold at least £1m in unrestricted or free reserves.” — page 20
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The ex spouse of James Brindle runs First Cricket. During the year, the club was invoiced for hire costs of £606 (2024 - £735). The balance outstanding at the year-end was £135 (2024 - £232) which is included in trade debtors.
“The ex spouse of James Brindle runs First Cricket. During the year, the club was invoiced for hire costs of £606 (2024 - £735).” — page 68
“James Brindle is a part owner of Greenwich House School during part of the year. During the year, the school was invoiced for swimming lessons of £1,953 (2024 - £1,546).” — page 68
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: James Brindle is a part owner of Greenwich House School during part of the year. During the year, the school was invoiced for swimming lessons of £1,953 (2024 - £1,546). The balance outstanding at the year-end was £1,263 (2024 - £Nil) which is included in trade debtors.
“The ex spouse of James Brindle runs First Cricket. During the year, the club was invoiced for hire costs of £606 (2024 - £735).” — page 68
“James Brindle is a part owner of Greenwich House School during part of the year. During the year, the school was invoiced for swimming lessons of £1,953 (2024 - £1,546).” — page 68
Per its FY2025 accounts as filed with the Charity Commission.
Accounts audited by Streets Audit LLP. Discloses 4 of 6 completeness components.
Corporate structure
Funders the charity credits
Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).
- EU Commission — “People Power Partnership (PPP) connects 14 cultural and education institutions around Europe in one collaboration project. Co-Funded by t…” (source page)
Company officers (Companies House)
Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.
- DRAPER, Claire — director, appointed 23/10/2025on trustee list
- FYTCHE, Ian Michael — director, appointed 23/10/2025on trustee list
- FRY, Richard Geoffrey — director, appointed 21/05/2025on trustee list
- WATSON, Robert William — director, appointed 24/05/2023on trustee list
- ATWATER, Catherine Ann — director, appointed 20/10/2022on trustee list
- HOWARD, Michelle — director, appointed 20/10/2022on trustee list
- WARDEN, David — director, appointed 25/08/2021on trustee list
- HELPS, Peter Michael — director, appointed 17/05/2018not on trustee list
- STONES, Jonathan Colin — director, appointed 14/01/2016on trustee list
Official officers record.
Property (HM Land Registry)
11 registered titles in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.
Public profiles (found on the charity’s own website): facebook · instagram
Structured financials (annual return, FY ending 31/03/2025)
Cost of raising funds
£17k
Reported reserves equal ~2.2 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).
Per its annual return, largest income source: Charitable activities (94% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 0.2% of total income — below the median for charities its size (5.2%) (benchmarks).
- PETER HELPS MBEchair
- Catherine Atwater · trustee of 1 other charity
- Claire Draper
- David Warden
- Ian Fytche · trustee of 1 other charity
- JONATHAN COLIN STONES
- Michelle Howard
- Richard Fry
- Robert Watson · trustee of 2 other charities
Trustee list from the Charity Commission register (current, not historical).
Operates in: Throughout England
Income and spending
Common questions
Is MAGNA VITAE financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a small surplus of £5,712 for the year ended 31 March 2025, with total income of £7,719,093 and total expenditure of £7,713,381. The trustees note that unrestricted reserves stand at £1,805,822, which is above the stated policy target of £1m, although free reserves are £1,414,194. The charity acknowledges a key challenge regarding the partial termination of its service contract with East Lindsey District Council, which will terminate on 30 September 2027. Its FY2025 accounts were audited by Streets Audit LLP.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with THE MAGENI TRUST.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.