The St Magdalens 150 Club was started in 1984 as a primary source of additional fundraising within the parish. Since that time, the Club has raised over Â£78,000, has given more than Â£32,000 in prizes and has contributed over Â£45,000 to the parish.
The Club is run by a sub-committee of the Parish Finance Committee. It is registered with Ipswich Borough Council under the Gambling Act 2005 (registration number LA/0105).
Subscriptions to the Club cost Â£1 per subscription per month, payable monthly, half yearly or annually as preferred by the subscriber. 12 monthly draws take place, usually on the last Sunday of each month, after the 10:00 a.m. mass with 4 cash prizes awarded each draw. 4 Quarterly draws take place in June, September, December and March when bonus prizes are drawn.