*Finance and Development

F I N A N C E

With Steven Holden

• Financial performance to December

Quote Of The Day:

“Failure is the opportunity • Income for the first nine months is over budget and overall to begin again more the position to date is positive in comparison with budget but around break even for the year to date intelligently.” • Membership has plateaued in the run up to Christmas and its improvement in the new calendar year is critical to getting back to prior income levels • Swim lessons continue to improve and are now back to pre-pandemic levels • However the trading position for the year remains challenging and in comparison to 2019/20 income is still significantly behind those levels so we still have a long way to go • We have now drawn down just over £300k of additional support from the £0.8m available from the Council this year and more will be needed • Pressures, aside from income, will be for utilities with significantly rising gas and electric prices, as well as national living wage increases due to next year • Work continues on the contract extension beyond March 2023

DEVELOPMENTS

With Glenn Tolan

A lot of October to present has involved preparation for the Failsworth and Chadderton gym refurbishments but the following works have also taken place:

• Installation of the new car park barrier system at Oldham (Hopefully operational in the next 2 weeks) • Replacement of the generators in both the CHP units at Royton (Combined Heat and Power generators) • Changed the dosing systems at Oldham from salt to Calcium Hypochlorite granules for improving chlorination of our pools

• Resolved a number of major drainage issues at both Oldham and Saddleworth • Installation of new lockers on the gym corridor at Failsworth • Changed a significant number of emergency lights at Oldham, Royton and Failsworth • Re-lamp of the sports hall lights at Failsworth • Resolved a number of roof leaks at both Oldham and Royton • Preparation for the LED replacement project that starts at Oldham next week to include sports hall, bowls hall and gym lighting • Strip out and decoration of the new spin studio at Failsworth • Decoration of all the corridors around the gym at Failsworth • Replacement of the pool heating controllers for 2 of the 3

calorifiers at Royton pool

Upgraded “gym brand new spin”

We have made a substantial investment into Failsworth Sports Centre, completing a refurbishment of its gym, including the installation of modern fitness equipment, and the creation of a bespoke indoor cycling studio. The works took a month to complete and were carried out over the Christmas period to reduce customer disruption.

The new equipment includes a high-tech cardio zone with upgraded Matrix cardiovascular equipment, as well as a comprehensive resistance area, which includes a top-of-the-range Technogym ‘Kinesis’ cable zone, a functional training zone with a large multi-use rig, and a large free weights area. The wide range of equipment will cater for people looking for strength, conditioning, toning, power and speed training.

The refurbishment also includes a brand-new designated indoor cycling studio that houses 25 bikes. Additionally, the entire space, including all the corridors, have been redecorated, a new floor has been installed and the gym lockers upgraded.