FINANCE UPDATE

June 2023

Take a look at an insightful update from the Finance Team for June, including the year end financial results from April, which our Finance team have worked incredibly hard to complete over the past few months. Job well done guys, and here’s to the next financial year.

Dashboard

A new finance dashboard allows the team to clearly illustrate the month to month figures. Each graph tells us something different about the last financial month. They’ve been shared by the Finance team so we can all have a better understanding of how our business’ financials work.

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INCOME ACTUAL BUDGET

£6,785K

EXPENSES OPERATING LOSS

£7,898K

£7,974K

£520K

£1,189K

Our previous financial year saw a surge in our customers coming back into our leisure centres after the pandemic. We budgeted for a much slower return to business as usual and we can see from the positive variance to budget that we were over cautious in our expectations. The Swimwell programme in particular did very well and we saw a return to above the bench mark average expected of a 76% recovery of this programme to a full recovery. Our move Urmston site provided us with a fitness membership uptake that not only came in above budget but also above the original business plan model supporting the refurbishment investment. We kept tight control of our costs over the financial period and this combined with the excellent work and service provided out at all of our sites resulted in an over performance to budget of £670K. Well done Trafford Leisure!

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POOL PLANT VISITS FOR OUR FINANCE DIRECTOR