Contemporary Issues in Golds Gym Dagenham

This report discusses the contemporary issues faced by Golds Gym Dagenham, including legal, technological, and financial challenges. It analyzes the impact of these issues on the organization, society, and the economy. The report also explores the shareholders' views on the approaches used by the gym to address these issues.

Contemporary issues in Golds
Gym Dagenham

EXECUTIVE SUMMARY
The term contemporary issue is defined as the business process, ideas, thoughts, events related to
the given subject matter which is of relevance for the present day scenario of every business
organisation. Issues as well as errors are found in almost every interest matter of the business
part. This report will define about all the contemporary issues which has been associated with the
business of Golds Gym Dagenham. It will streamline about business planning including
uncertain legal, technological as well as financial issues which has to be mitigate with the help of
critical analysis and evaluation on timely manner.

Table of Contents
EXECUTIVE SUMMARY.............................................................................................................2
INTRODUCTION...........................................................................................................................4
MAIN BODY..................................................................................................................................4
Critical analysis of issue related to Business, management as well as leadership......................4
Identifying key impact of issue on organisation, society and economy itself............................6
Analysing impact of shareholders view related to the approaches used by business
organisation.................................................................................................................................9
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13

INTRODUCTION
Contemporary issue is known as any business event, ideas, thoughts as well as opinions in the
provided subject which is considered as the most relevant as well as important business aspects
in the present time frame. Such issues can be seen in every matter of interest. The present report
is based on Golds Gym which is one of the American Chain of international fitness centre. It is
situated in the city of Dagenham, UK with its location over 700 places across the globe. Each
gym centre offers different variety of cardio as well as strength training sessions along with the
group exercise programs. In this report, emphasis will be made on defining issues which are
related to the Business, management as well as leadership aspects. Also, it will identify key
impacts of such contemporary issues on business organisation, society and economy. At last,
focus will be made on analysing impact of shareholders view related to corporate governance,
changing approaches and analysis made therein.
MAIN BODY
Critical analysis of issue related to Business, management as well as leadership.
For every business organisation, it is very much important to formulate a strong business
plan as well as strategies by considering all the norms and standards as applicable thereon. While
making business planning, business organisation usually has to face a number of contemporary
issues which includes contingent legal landscape, technological advancements, financial crises as
well as number of other issues which directly hampers the overall business functions. Some
times, by adopting all the relevant continuous changes in the marketing strategies and trends of
the company, help it in coping with all the changing face of the lending market and its related
business area.
In Golds Gym, the company has to face number of contemporary issues related to Legal,
Technology, Financing as well as Marketing aspects which has created impact on its business
performance level. These issues are related with following factors such as:
1. Minimum wages – It is considered as one of the most important business issues for
every business organisation. By having such issue, the business of Golds Gym has gets
affected to a large extent as the workers as well as employees working therein are not
able to get proper wage as per their work (Butler and Ko, 2015). Because of

inappropriate means of wages distributed among all the workers, it has created a greater
sense of demotivation among them. Thus, it has affected the overall productivity as well
as profitability norms of the business which has directly created impact on its business
image. Because of low wage rate of the Golds Gym, which is not in line with the
minimum wage act as specified by the government it has arises dissatisfaction among
workers which has further resulted into increase in labour turnover and absenteeism rate
as well. It is very much essential from the perspective of good living standard to impart
minimum wages as required for meeting daily needs of human life. Lower wage is the
common problem across business firms. Important point to note is that firms carry out
business activity on large scale and in lieu pay small amount of wages to the labours.
Now a day’s employees are more aware about their rights and due to this reason do not
prefer to work at low wages. Due to their personal problems they do work in company
but are not committed towards job. All these things greatly affect cooperation between
employees (Grimshaw, 2016). Low salary lead employees to think that they must deliver
quality and quantity of work according to wage paid to them. Hence, they do not
cooperate with each other which lead to origination of conflicts among employees. This
greatly hamper productivity at the workplace and unnecessary problems are observed in
the company. With passage of time condition become so critical and things got mess-up
and it became hard for management to find solution of the problem (Meer and West,
2016). Ultimately, employees start leaving their job from the firm and workforce become
small in size or many new employees added in the workforce. Finally, again problem of
coordination appears on the floor. Thus, it can be said that low wage creates lot of
problems for the firm.
2. Working conditions – One of the essential factor which has to be taken into
consideration by the employer while providing job to employee. There must be a good
working environment as well as culture in every business organisation so that employees
working therein can perform in much better manner. There is a requirement by every
employees related to the proper air, lighting, ventilation, refreshment facilities etc.
through which they can get refreshed and can perform their business operations in more
appropriate as well as relevant manner (Epstein, Verbeeten and Widener, 2016). In case
of improper working conditions, there are many possibilities related to the norms that

efficiency of workers and employees gets affected. As a result of such improper working
conditions a thought of not work at the Golds Gym can arises on non-fulfillment of it.
Thus, it creates dissatisfaction among consumers as well and can influence overall
organizational growth and success. Working condition is the one of the most important
factor that is given due importance by the employees. Working conditions include
amenities provided to the employees like canteen facility, availability of cab and work
culture as well as attitude and behaviours of the people at the workplace. Improper
working conditions lead to origination of lots of problems at the workplace. In many
business firms attitude of employees is not positive and even they do not behave
professionally with each other. Thus, conflict arises between employees and they less
cooperate with each other (Guest, 2017). All these create a lot of problem for the
business firms. Conflict between employees affect them and company at large extent.
Due to unprofessional behaviours congenial work environment does not get developed at
the workplace and many employees feel that company they are in is not best place to
work and they resign from their job. Gradually, employee turnover increase at rapid rate
and problem originate for the business firm. In order to handle such kind of situations
strict actions must be taken at the workplace (Marchington, 2015). In this regard
managers must ensure that they are talking in right way with their subordinates.
Managers must also ensure that those working just below them at senior level are
behaving in right way with their subordinates. If managers and employees will behave in
proper manner with each other problem will not originate.
Thus, it can be said that for Golds Gym some of the contemporary issues which has been
faced by it has to be considered on top priority for mitigating its negative impact on the business
performance level. By formulating sound business plans and strategies, the management of the
Golds Gym can makes improvement in relation to its business contemporary issues being faced
by it (Wachowiak, 2016). With the help of strong business skills and knowledge base, employees
of Golds Gym can improves their business performance along with own and can help company
in capturing large market as well as customer share in the market place.

Identifying key impact of issue on organisation, society and economy itself.
While making business plans, it is very much important for every business organisation
to take into consideration both the macro as well as micro business environmental factors
affecting business operations. Planning is one of the most important business factor which helps
every business organisation in gaining competitive advantages in the market place. The
management of the Golds Gym can makes changes in its business operations as per the needs as
well as requirements of the market (Islam, 2016). By conducting survey and research related to
the market phase, the Golds Gym can determine all the demand factors, taste and preferences of
the customers in the market place.
Because of large number of contemporary issues being faced in by the Golds Gym, it has
created negative impact on the working of business organisation along with the society in which
it operates and economy where it is having its place of business. Following are the impact of
contemporary issues on:
Organisation – In case of Golds Gym, the management of the company has to consider legal,
financial as well as marketing aspects while making any business plan and strategy. On going
changes in the market trends and customer demands has resulted in making requisite changes in
the business plans as well. It has forced many business organisation in implementing required
changes in business operations as well for capturing current market opportunities. Also, along
with better improved marketing techniques, it is also required to make compliance of all the legal
as well as regulatory frameworks as applicable on the Golds Gym business operations (Jones and
et.al., 2019). Thus, with the help of contemporary management issues, it can help in examining
all the manner of thinking and identifying thoughts as required so as to address main challenges
as well as issues in case scenario when they are emerging in the current time frame period.
In case of the Golds Gym, there are many issues which has resulted in the improper
management of business activities, which has arises the need of proper working culture and
environment which will makes it favorable as well as pleasant for all the employees about
working style. These are the issues which are basically contemporary in nature remaining in
business because of improper management function. Thus, there is requirement of proper
planning with the help of which operational activities of business can be performed within
specified manner.

Society – For every business organisation, the place of its business operations needs to remain
safe and developed. It is required on the part of the management of the company to take
initiatives related to the development of society in which it is conducting its business operations.
The area from where the Golds Gym undertakes its business operations should be developed and
grow with the help of many activities as undertaken under the norms of the corporate social
responsibility by the company every year (Lansbury, Johnson and Van den Broek, 2019).
Because of continuous changes in the political as well as legal aspects of the economy, the Golds
Gym has to ensure that whether it is performing its business operations in line with the defined
sets of laws as well as regulations as applicable to it.
On going changes in the governance system as well as government policies, norms
usually affects the working of many companies either operating at the small or large operational
level. It pressurizes the company in adopting new concepts and techniques for the betterment of
the society as well as of the business (Schaltegger and Burritt, 2017). Though continuous
changes in the policy factors affects the business performance to some extent as the company has
to keep pace with upcoming amendments in the regulatory norms from time to time so as to
remain competitive in the market place. Thus, it is required on the part of the Golds Gym to
make emphasis on its social welfare activities for providing benefit to society at large. By not
making compliance of or not agreeing with the regulating norms as well as policies related to the
corporate social responsibility, then in such case there can be more government interference
which will affects the brand image of Golds Gym resulting in decline in its value as well.
Economy – With the help of proper allocation as well as distribution of business and other
resources as per the requirement of different business department, it can help the Golds Gym in
performing in much better manner. For remaining competitive in the market place, it is very
much important on the part of the Golds Gym to perform its business operations in economical
manner. It should ensure that its business operations are not incurring huge cost expenses
thereby declining its overall profitability aspects (Lim and Lim, 2017). By remaining
competitive, it will the company in increasing its productivity as well as profitability level which
directly adds to the development of the economy in which it is operating its business operations.
Thus, it will help the country's economy in making growth and success thereby ensuring proper
development in the near future time period.

By mitigating all the contemporary issues including legal, financial as well as marketing
aspects the Golds Gym is required to undertake its business operations in fruitful manner. This
will help the company in making business more profitable along with development of overall
economic growth. By formulating sound business plans and strategies, the Golds Gym can
capture current market opportunities and can seek benefits from it which will help it in
increasing its market share as well as customer base in the market place.
Analysing impact of shareholders view related to the approaches used by business organisation.
With the help of stakeholder mapping, the Golds Gym can determine key aspects of its
stakeholders as well as customers related to the growth and success pattern of the business
organisation. Stakeholder mapping is defined as a business process or technique which identifies
the thoughts as well as voice of its customers in relation to the success matter of the business
organisation. By making use of stakeholder mapping tool, the Golds Gym can make visual
representation of the stakeholder analysis thereby organising the view points of such
stakeholders as well as customers as per the criteria useful in making decision related to the
subject matter of the company.
Golds Gym with the help of stakeholder mapping can determine the success level of its
own business projects (Luck and Krikke, 2017). Thus, it can further assist the company in
making relevant changes as required for the betterment of the company as well as for the
employees as a whole. By engaging all the stakeholders in the decision making process of the
company can help in identifying key measures to be undertaken for making improvement in its
overall business processes. It will also help the management of the company in gaining deep
insight about the core subject matter of the area in which necessary steps needs to be taken in by
the company for making improvement therein and also for improving the overall business
efficiency level. Thus, it can be said that corporate social responsibility is considered as one of
the main issues as it is the core responsibility of every business organization to perform some
activities for the welfare of the society. If compliance is not made, then there are possibilities of
government interference as a result of which there can be decline in the brand image of the
company.
In the context of corporate governance norms, the main emphasis of the Golds Gym is on
providing health benefits to the large section of the society. By imparting proper trainings and
organising workshops related to the development of employees as well as of the workers in field

of new business processes as well as techniques can help Golds Gym in gaining competitive
edge. It ensures that all the facilities as offered by it is providing benefits to its customers in
terms of health as well as fitness. By conducting business operations for the welfare of the
society as a whole, Golds Gym has been able to improves its brand image in the market place
across the globe. Each gym centre of the Golds Gym is usually offering different types of cardio
as well as other muscular exercises. Also, it ensures its customers that by joining Golds Gym
they can strengthen their body with the help of training equipment. It has also started different
varieties of group exercise programs to large number of customers across the globe at different
geographical locations.
With good corporate governance system, the business operations of Golds Gym can get
direction as well as monitored its own business operations in much effective and efficient
manner. It helps the stakeholders in understanding the key business strategies as well as plans

which has been used by the company for remain competitive in the business market (Phillips and
Moutinho, 2018).
By observing the continuous changes which has been implemented in the by company,
stakeholders as well as customers can determine what policies had been followed by the
company. With fluctuating market trends and ever changing customer demands, the Golds Gym
is required to make requisite changes in its own business processes so as to remain competitive
in the market place. It will thus helps the management of the company in increasing its overall
productivity as well as profitability aspects. In case of high profit margin as earned by the
company it will provide benefit to the stakeholder as well. It will increase their return and helps
in wealth creation for that year. Stakeholders can thus have knowledge about whether their funds
are used by the business for right purpose or not with the help of final reports of the company
being prepared (Rosenbach, 2018).
Analysis can done by the stakeholder related to the norms as well as business processes
being used by the Golds Gym. It will help both the customers as well as other stakeholders in
identifying potential impact of such business techniques being used in the company for making
high profit. With the help of financial statements being prepared in by the company, the
stakeholders as well as other externals and internals members of the company having stake their
in the business, can evaluate the current business position of the company. It defines overall
solvency, liquidity as well as financial position of the Golds Gym, with the help of which
investors can make their decisions related to the investment purpose.
From the point of view of stakeholder, their main aim is related with making high returns
on the amount as invested in the company. In the excel attached, it can be observed that the
company is having positive cash flow which has resulted in higher profitability in the present
year as compared to 2018. For determining variances if any, budget has been made with
estimated sales and profit figure to be achieved in 2019. As per the budget, estimated net income
was £ 101116 whereas actual net income of the year 2019 was £101415. By identifying variance
changes has been made related to factors such as joining fees, annual renewals of members,
focusing on imparting personal training etc. This has resulted in improving profit level from £
93356 in 2018 to £101415 in the year 2019.

CONCLUSION
From the above report it can be concluded that contemporary issues are part of every
business organisation which has to be taken in to consideration in efficient as well as effective
manner. By formulating sound business plans and strategies, the Golds Gym can achieve its set
defined business aims and objectives in much sound manner. It is very much important to define
key business action plans to the employees for attaining aims and objectives of the business by
explaining manner in which it can be achieved. Golds Gym by mitigating contemporary issues of
the business especially related to the corporate social responsibility can capture large market
share along with increase in its profitability level and customer base in the market place. It has
been evaluated from the report that timely adoption of new techniques and procedures has helped
the company in remaining competitive in the market place.

REFERENCES
Books and Journals
Butler, J. E. and Ko, S., 2015. Family systems, family business systems and system dynamics.
Journal of contemporary issues in business research.
Epstein, M. J., Verbeeten, F. and Widener, S. K. eds., 2016. Performance measurement and
management control: contemporary issues. Emerald Group Publishing.
Grimshaw, D., 2016. Minimum wage. Edward Elgar Publishing Limited.
Guest, D.E., 2017. Human resource management and employee well‐being: Towards a new
analytic framework. Human Resource Management Journal. 27(1). pp.22-38.
Holland, P., 2019. HRM in the Contemporary Workplace. Contemporary HRM Issues in the 21st
Century, Emerald Publishing Limited. pp.3-14.
Islam, N., 2016. The Use of Information and Communication Technology (ICT) and Business
Management: Contemporary Issues and Challenges. Available at SSRN 2856262.
Jones, P. and et.al., 2019. Contemporary Issues in Entrepreneurship Research. Abstracts
deadline.
Lansbury, R. D., Johnson, A. and Van den Broek, D. eds., 2019. Contemporary Issues in Work
and Organisations: Actors and Institutions. Routledge.
Lim, M. Y. S. and Lim, A., 2017. Governmentality of early childhood education in Singapore:
Contemporary issues. In Early childhood education in Chinese societies (pp. 185-215).
Springer, Dordrecht.
Luck, D. and Krikke, T., 2017, December. 'Barbells and Crayons': Contemporary issues with
Fitness Centers near sensitive spaces. In INTER-NOISE and NOISE-CON Congress and
Conference Proceedings (Vol. 255, No. 7, pp. 715-725). Institute of Noise Control
Engineering.
Marchington, M., 2015. Human resource management (HRM): Too busy looking up to see
where it is going longer term?. Human Resource Management Review. 25(2). pp.176-
187.
Meer, J. and West, J., 2016. Effects of the minimum wage on employment dynamics. Journal of
Human Resources. 51(2). pp.500-522.
Phillips, P. and Moutinho, L., 2018. Contemporary issues in strategic management. Routledge.

Rosenbach, W. E., 2018. Contemporary issues in leadership. Routledge.
Schaltegger, S. and Burritt, R., 2017. Contemporary environmental accounting: issues, concepts
and practice. Routledge.
Wachowiak, H. ed., 2016. Tourism and borders: contemporary issues, policies and international
research. Routledge.
Yang, D. and et.al., 2018. Contemporary issues and current challenges. Maritime Business and
Economics: Asian Perspectives.
Online
Contemporary issues in business planning. 2019. [Online]. Available through:
<https://smallbusiness.chron.com/contemporary-issues-planning-business-2547.html>.

APPENDIX
Financials
GOLDS GYM -
TRADING
BUDGETS
FOR 2019/20
DAGENHAM
Description
04/1
9
05/1
9
06/1
9 07/19
08/1
9
09/1
9
10/1
9 11/19
12/1
9
01/2
0
02/2
0 03/20
TOT
ALS
INCOME
Start
Membership
Position
(monthly
payers)
4,00
0
4,01
7
4,03
4
4,05
0
4,06
5
4,08
0
4,09
4
4,10
7
4,12
0
4,13
2
4,14
4
4,15
6
4,00
0
Annual Payers 4 4 4 4 4 4 4 4 4 4 4 4 48
New Members 180 180 180 180 180 180 180 180 180 180 180 180
2,16
0
Rejoins - - - - - - - - - - - - -
Attrition in
Month 167 167 168 169 169 170 171 171 172 172 173 173
2,04
2

NET GAIN IN
MONTH 17 17 16 15 15 14 13 13 12 12 11 11 166
Month End
Membership
position
4,01
7
4,03
4
4,05
0
4,06
5
4,08
0
4,09
4
4,10
7
4,12
0
4,13
2
4,14
4
4,15
6
4,16
6
4,16
6
Attrition %
4.2
%
4.2
%
4.2
% 4.2%
4.2
%
4.2
%
4.2
% 4.2%
4.2
%
4.2
%
4.2
% 4.2% 3.8%
Annualised %
50.0
%
50.0
%
50.0
%
50.0
%
50.0
%
50.0
%
50.0
%
50.0
%
50.0
%
50.0
%
50.0
%
50.0
%
45.8
%
Yield Per
Member
£23.
50
£23.
50
£23.
50
£23.5
0
£23.
50
£23.
50
£23.
50
£23.5
0
£23.
50
£23.
50
£23.
50
£23.5
0
£23.5
0
Joining Fees /
Initial
Payments
6,30
0
6,30
0
6,30
0
6,30
0
6,30
0
6,30
0
6,30
0
6,30
0
6,30
0
6,30
0
6,30
0
6,30
0
£75,
600
Annual
Members /
Renewals
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
£14,
400
Membership
Income
93,9
06
94,3
13
94,7
04
95,0
78
95,4
36
95,7
80
96,1
09
96,4
25
96,7
27
97,0
17
97,2
95
97,5
61
£11,
50,35
0
Personal
Training
2,30
0
2,30
0
2,30
0
2,30
0
2,30
0
2,30
0
2,30
0
2,30
0
2,30
0
2,30
0
2,30
0
2,30
0
£27,
600
Sunbeds 320 320 320 320 320 320 320 320 320 320 320 320
£3,8
40
Beauty/
Therapy & Bar
2,45
0
2,45
0
2,45
0
2,45
0
2,45
0
2,45
0
2,45
0
2,45
0
2,45
0
2,45
0
2,45
0
2,45
0
£29,
400

Guest Fee
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
£14,
400
Other Income 450 450 450 450 450 450 450 450 450 450 450 450
£5,4
00
CRS (Debt
Recovery) 750 750 750 750 750 750 750 750 750 750 750 750
£9,0
00
GROSS
INCOME
£1,0
8,87
6
£1,0
9,28
3
£1,0
9,67
4
£1,1
0,048
£1,1
0,40
6
£1,1
0,75
0
£1,1
1,07
9
£1,1
1,395
£1,1
1,69
7
£1,1
1,98
7
£1,1
2,26
5
£1,1
2,531
£13,
29,99
0
NET INCOME
£90,
730
£91,
069
£91,
395
£91,
706
£92,
005
£92,
292
£92,
566
£92,
829
£93,
081
£93,
322
£93,
554
£93,
776
£11,
08,32
5
OVERHEADS
Staff Costs
Club Payroll
16,5
00
16,5
00
16,5
00
16,5
00
16,5
00
16,5
00
16,5
00
16,5
00
16,5
00
16,5
00
16,5
00
16,5
00
£1,9
8,000
Personal
Training 920 920 920 920 920 920 920 920 920 920 920 920
£11,
040
Aerobics
Instructors
3,60
0
3,60
0
3,60
0
3,60
0
3,60
0
3,60
0
3,60
0
3,60
0
3,60
0
3,60
0
3,60
0
3,60
0
£43,
200
Cleaning
5,50
0
5,50
0
5,50
0
5,50
0
5,50
0
5,50
0
5,50
0
5,50
0
5,50
0
5,50
0
5,50
0
5,50
0
£66,
000
Staff Uniform
& Welfare 700 700 700 700 700 700 700 700 700 700 700 700
£8,4
00
Recruitment
Costs 200 200 200 200 200 200 200 200 200 200 200 200
£2,4
00

Training &
Development 130 130 130 130 130 130 130 130 130 130 130 130
£1,5
60
Other Staffing
Costs 80 80 80 80 80 80 80 80 80 80 80 80 £960
Total Staffing
Costs
£27,
630
£27,
630
£27,
630
£27,
630
£27,
630
£27,
630
£27,
630
£27,
630
£27,
630
£27,
630
£27,
630
£27,
630
£3,3
1,560
Property Costs
Rates
9,20
0
9,20
0
9,20
0
9,20
0
9,20
0
9,20
0
9,20
0
9,20
0
9,20
0
9,20
0
9,20
0
9,20
0
£1,1
0,400
Water
2,45
0
3,10
0
3,10
0
3,10
0
3,10
0
3,10
0
3,10
0
3,10
0
3,10
0
3,10
0
3,10
0
3,10
0
£36,
550
Light & Heat
4,70
0
4,55
0
4,55
0
4,55
0
4,55
0
4,55
0
4,55
0
4,55
0
4,55
0
4,55
0
4,55
0
4,55
0
£54,
750
Repairs &
Maintenance
3,05
0
3,05
0
3,05
0
3,05
0
3,05
0
3,05
0
3,05
0
3,05
0
3,05
0
3,05
0
3,05
0
3,05
0
£36,
600
Insurance
1,82
0
1,82
0
1,82
0
1,82
0
1,82
0
1,82
0
1,82
0
1,82
0
1,82
0
1,82
0
1,82
0
1,82
0
£21,
840
Rental Charges 365 365 365 365 365 365 365 365 365 365 365 365
£4,3
80
Cleaning &
Hygiene
1,55
0
1,55
0
1,55
0
1,55
0
1,55
0
1,55
0
1,55
0
1,55
0
1,55
0
1,55
0
1,55
0
1,55
0
£18,
600
IT 165 165 165 165 165 165 165 165 165 165 165 165
£1,9
80
Other Property
Costs 175 175 175 175 175 175 175 175 175 175 175 175
£2,1
00
Total Property
Costs
£23,
475
£23,
975
£23,
975
£23,
975
£23,
975
£23,
975
£23,
975
£23,
975
£23,
975
£23,
975
£23,
975
£23,
975
£2,8
7,200

Marketing &
Promotion
Marketing &
Advertising
1,44
0
1,44
0
1,44
0
1,44
0
1,44
0
1,44
0
1,44
0
1,44
0
1,44
0
1,44
0
1,44
0
1,44
0
£17,
280
Postage,
Stationery &
Printing 480 480 480 480 480 480 480 480 480 480 480 480
£5,7
60
Telephone [phone] 470 470 470 470 470 470 470
£5,6
40
Franchise Costs
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
1,20
0
£14,
400
Total
Marketing &
Promotion
Costs
£3,5
90
£3,5
90
£3,5
90
£3,5
90
£3,5
90
£3,5
90
£3,5
90
£3,5
90
£3,5
90
£3,5
90
£3,5
90
£3,5
90
£43,
080
Professional &
Other Costs
Professional
Fees 240 240 240 240 240 240 240 240 240 240 240 240
£2,8
80
Bank Charges 270 270 270 270 270 270 270 270 270 270 270 270
£3,2
40
Other
expenditure 520 520 520 520 520 520 520 520 520 520 520 520
£6,2
40
Total
Professional &
£1,0
30
£1,0
30
£1,0
30
£1,0
30
£1,0
30
£1,0
30
£1,0
30
£1,0
30
£1,0
30
£1,0
30
£1,0
30
£1,0
30
£12,
360

Other Costs
TOTAL CLUB
EXPENDITUR
E
£55,
725
£56,
225
£56,
225
£56,
225
£56,
225
£56,
225
£56,
225
£56,
225
£56,
225
£56,
225
£56,
225
£56,
225
£6,7
4,200
LESS HEAD
OFFICE
COSTS
Rent & Debt
Repayment
15,0
00
15,0
00
15,0
00
15,0
00
15,0
00
15,0
00
15,0
00
15,0
00
15,0
00
15,0
00
15,0
00
15,0
00
1,80,
000
Depreciation
4,80
0
4,80
0
4,80
0
4,80
0
4,80
0
4,80
0
4,80
0
4,80
0
4,80
0
4,80
0
4,80
0
4,80
0
57,6
00
Directors
Renumeration
3,55
0
3,55
0
3,55
0
3,55
0
3,55
0
3,55
0
3,55
0
3,55
0
3,55
0
3,55
0
3,55
0
3,55
0
42,6
00
HO Staff Costs
3,20
0
3,20
0
3,20
0
3,20
0
3,20
0
3,20
0
3,20
0
3,20
0
3,20
0
3,20
0
3,20
0
3,20
0
38,4
00
Motor,Travel
& Mobile
1,05
0
1,05
0
1,05
0
1,05
0 650 650 650 650 650 650 650 650
9,40
0
Social
Expenditure 330 330 330 330 250 250 250 250 250 250 250 250
3,32
0
Non Club
Professional
Fees 120 120 120 120 120 120 120 120 120 120 120 120
1,44
0
Total Head
Office Costs
£28,
050
£28,
050
£28,
050
£28,
050
£27,
570
£27,
570
£27,
570
£27,
570
£27,
570
£27,
570
£27,
570
£27,
570
3,32,
760
OVERALL
TOTAL
£83,
775
£84,
275
£84,
275
£84,
275
£83,
795
£83,
795
£83,
795
£83,
795
£83,
795
£83,
795
£83,
795
£83,
795
£10,
06,96

EXPENDITUR
E 0
VAT SAVING
£4,3
55
£4,3
71
£4,3
87
£4,4
02
£4,4
16
£4,4
30
£4,4
43
£4,4
56
£4,4
68
£4,4
79
£4,4
91
£4,5
01
£53,
200
OPERATING
PROFIT
£11,
310
£11,
166
£11,
507
£11,
833
£12,
627
£12,
927
£13,
214
£13,
490
£13,
754
£14,
007
£14,
249
£14,
482
£1,5
4,565
Check:
£11,
310
£11,
166
£11,
507
£11,
833
£12,
627
£12,
927
£13,
214
£13,
490
£13,
754
£14,
007
£14,
249
£14,
482
£1,5
4,565
KEY KPI
RESULTS
Trading
Membership
Income as % of
TO 86% 86% 86% 86% 86% 86% 87% 87% 87% 87% 87% 87% 86%
Staffing as %
TO 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24%
Marketing as
% of TO 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2%
Light & Heat as
% of TO 4% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
Operating
Profit as % of
TO 10% 10% 10% 11% 11% 12% 12% 12% 12% 13% 13% 13% 12%