Finance Score: 1

Governance Score: 9

Support Score: 5

Multiple Deficits: -2
Fundraising costs low: +3

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +5

Overall GiG Score: 15

MAGNA VITAE

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.

Analysis by Giving is Great

Positives:

Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

One or more trustees receive benefits from the charity
Over half the Board have joined recently

Financial issues to consider:

On several occasions in recent years income has been less than spending

Established: 9 years

www.magnavitae.org

info@mvtlc.org

01507607650

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23	£6,423	£6,324	£99	£40	£1,843	£1,755	3.3	146	8
31/03/22	£5,620	£5,411	£210	£104	£383	£120	0.3	119	14
31/03/21	£4,104	£4,263	£-159	£38	£-1,680	£-1,763	-5	129	0
31/03/20	£6,423	£6,971	£-548	£60	£-37	£-49	-0.1	186	50
31/03/19	£6,676	£7,117	£-441	£9	£-260	£-271	-0.5	199	70
31/03/18	£7,510	£7,668	£-158	£9	£555	£546	0.9	193	0
31/03/17	£7,433	£7,162	£271	£7	£552	£551	0.9	171	0
31/03/16	£8,525	£8,606	£-80	£7	£283	£256	0.4	175	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.6%
Fundraising Costs/Total Spending: 0.6%
Senior Staff Costs/Total Spending: 6%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 55%
Liabilities/Income: 34%
Unrestricted Funds/Total Funds: 95%
Reserves/Spending: 3.3 months
Net Current Assets/Spending: 3 months
Quick Ratio: 1

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Recreation

How it operates

Provides buildings/facilities/open space
Provides services

Where it operates

Throughout England,

Who it helps

The General Public/Mankind

Who works here?

146 employees
8 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
National Lottery Community Fund - Re-surfacing of the existing MUGA
£10,000	26/05/2023	The funding will be used to re-surface the Multi Use Games Area (MUGA) at the community leisure centre. The project aims to enhance a key activity hub to reduce anti-social behaviour and increase the ....more The funding will be used to re-surface the Multi Use Games Area (MUGA) at the community leisure centre. The project aims to enhance a key activity hub to reduce anti-social behaviour and increase the centre's disability offer.
DCMS - Coronavirus Community Support Fund
£44,750	02/09/2020	"The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to ....more "The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to operate, thereby reducing the burden on public services.2) To ensure essential services are provided to vulnerable people, both in the short and long term through increased community support through the work of charitable organisations."
DCMS - CRF Magna Vitae application
£249,500	01/04/2020	To support Arts and Culture throughout England
DCMS - CRF 2 Magna Vitae
£124,750	01/04/2020	To support Arts and Culture throughout England
Co-Operative Group - Grant to Magna Vitae Trust for Leisure & culture
£10,007	19/11/2018	We would like to develop a social area in the leisure centre which would enhance the social side of our group activity sessions.
Sport England - East Lindsey : Sporting a Healthier Future
£50,000	20/04/2017 48	Funding under Sport England's Community Sport Activation Fund funding programme for a Revenue project titled East Lindsey : Sporting a Healthier Future. This project lists its main activity as Multi ....more Funding under Sport England's Community Sport Activation Fund funding programme for a Revenue project titled East Lindsey : Sporting a Healthier Future. This project lists its main activity as Multi Sports
Sport England - Lindsey Can, Lindsey Is
£10,049	13/10/2015 13	Funding under Sport England's Make Your Move funding programme for a Revenue project titled 'Lindsey Can, Lindsey Is'. This project lists its main activity as Multi Sports.
Sport England - East Lindsey : Sporting a Healthier Future
£202,697	30/04/2014	Funding under Sport England's Community Sport Activation Fund funding programme for a Revenue project titled 'East Lindsey : Sporting a Healthier Future'. This project lists its main activity as ....more Funding under Sport England's Community Sport Activation Fund funding programme for a Revenue project titled 'East Lindsey : Sporting a Healthier Future'. This project lists its main activity as Multi Sports.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

Gender Split

Age Range of Trustees: 38-79

CATHERINE ATWATER Appointed: 2022, Occupation: Head Of Partnership, Charity, Other trusteeship: TADCASTER SWIMMING POOL TRUST,

DAVID WARDEN Appointed: 2021, Occupation: Retired

EVA HJELMS Appointed: 2023, Occupation: Independent Consultant

IAN ROBERT EMMERSON OBE Appointed: 2014, Occupation: None

JONATHAN COLIN STONES Appointed: 2016, Occupation: Solicitor

MICHELLE HOWARD Appointed: 2022, Occupation: Deputy Chief Executive

PETER HELPS MBE (Chair) Appointed: 2018, Occupation: Chief Executive

ROBERT WATSON Appointed: 2023, Occupation: Retired, Other trusteeships: CHARITY OF ANNIE KEW, OTHERWISE SHERWOOD HOUSE, TRUSTHORPE VILLAGE HALL,

SAMUEL WILLIAM HOWARD KEMP Appointed: 2023, Occupation: Executive Director

Legal constitution

Charitable company registered in England & Wales on 26/01/2015, number: 1160156
Registered at Companies House on 10/06/2014, number: 09078400

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

8 returns made; all on time

Main office

MERIDIAN LEISURE CENTRE
WOOD LANE
LOUTH
LINCOLNSHIRE
LN11 8SA

Objectives

THE COMPANY HAS BEEN ESTABLISHED FOR PUBLIC BENEFIT TO:- TO PROVIDE OR ASSIST IN THE PROVISION OF BOTH INDOOR AND OUTDOOR FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABILITY, FINANCIAL HARDSHIP OR SOCIAL CIRCUMSTANCES OR TO THE PUBLIC AT LARGE WITH THE OBJECT OF IMPROVING THEIR CONDITIONS OF LIFE; AND/OR- TO PROMOTE COMMUNITY PARTICIPATION IN HEALTHY RECREATIONAL ACTIVITIES; AND/OR- TO PROVIDE OR ASSIST IN THE PROVISION OF COMMUNITY FACILITIES TO BE AVAILABLE TO ALL SECTIONS OF THE COMMUNITY WITHOUT DISTINCTION, INCLUDING USE FOR MEETINGS, LECTURES AND CLASSES AND/OR OTHER FORMS OF RECREATION AND LEISURE TIME OCCUPATION WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR ALL THOSE WHO USE THE FACILITIES; AND/OR- TO PROMOTE THE EDUCATION OF THE PUBLIC THROUGH THE PROVISION OF FACILITIES FOR PERFORMING ARTS; AND/OR- SUCH OTHER CHARITABLE PURPOSES AS THE TRUSTEES IN THEIR ABSOLUTE DISCRETION MAY DETERMINE.

Data Sources