Hackney Anaconda · Treasurer Dashboard

YTD Revenue

£425k

↓ 8.6% vs budget (£465k)

Squads -15.2% · Swim School +0.7%

Wage Overrun

+47.9%

£296k actual vs £200k budget

£96k over · implies £199k full-year gap

Cash Balance

£168k

↓ £20k vs £188k target

Supported by £45k unbudgeted gala/fundraising

YTD Net P&L

–£70k

vs +£57k budgeted · £127k swing

Facilities on track · Wages driving miss

Squad P&L — Gross Margin vs Allocated Costs

Squad	Members	Annual Rev	Annual Cost	Net	Status
Performance+	24	£38.6k	£77.2k	+£0.0k	Breakeven
Performance	20	£36.4k	£58.7k	+£22.3k	Surplus
Regional+	24	£30.7k	£69.2k	–£38.4k	Deficit
Regional Age	35	£39.1k	£35.0k	+£4.1k	Surplus
Regional Dev.	25	£54.7k	£15.7k	+£39.0k	Surplus
County	34	£19.8k	£25.0k	–£5.2k	Slight loss
County Age	22	£31.6k	£28.1k	+£3.6k	Surplus
County Dev.	31	£39.6k	£20.1k	+£19.5k	Surplus
Academy	84	£64.2k	£14.5k	+£49.7k	Surplus
Club Swim	133	£25.6k	£9.2k	+£16.3k	Surplus
Masters	100	£86.5k	£62.4k	+£24.1k	Surplus
Total Squads	—	£549k	£442k	+£107k	Net surplus

⚠ Regional+ is the most loss-making squad at –£38k allocated. Academy running at full budget would generate significantly more surplus.

⚠ Critical · Wage Overrun Analysis

YTD Actual

£296k

YTD Budget

£200k

Overrun

+£96k

Spend vs budget — YTD (budget = 52%)

▌ On budget £200k ▌ Overrun £96k Full-year budget £393k

Implied Run Rate

~£593k/yr

Projected Overrun

~£200k

Action required. Sep–Oct wage data suggests the budget model may have missed the swim school poolside wage baseline. At this trajectory, the club's budgeted £110k full-year surplus becomes a ~£90k deficit.

Squad Revenue — Actual vs Budget (YTD member count)

County 34 vs 20

+71.5%

Regional Age 35 vs 32

+7.8%

Regional+ 24 vs 24

0.0%

Performance+ 21 vs 24

–11.1%

Performance 20 vs 25

–20.4%

County Dev 31 vs 40

–22.2%

County Age 22 vs 32

–29.9%

Academy 84 vs 120

–30.3%

Regional Dev 25 vs 47

–46.8%

Monthly Cash Balance · Sep 25 → Feb 26

SEPOCTNOVDECJANFEB

Feb spike (+£46k) driven by non-recurring gala receipts. Underlying trajectory is declining.

Year-end cash actual£160k

Year-end cash budget£231k

Cash shortfall vs plan–£71k

Swim School · Venue Performance (YTD)

Revenue vs Budget

Beacon

+8.4%

Cally

+9.2%

Golden Lane

–20.8%

Highbury Grove

–36.8%

Annual Facility Costs (Full Year Budget)

Beacon–£57.2k

Golden Lane–£41.2k

Highbury Grove–£14.7k

Cally (MP + TP)–£10.1k

Total Swim School Facilities–£123.2k

Highbury Grove revenue –37% vs budget while its £14.7k facility cost runs fixed. Review viability.

Risk Register · Key Issues

🔴

Wages: Structural Overrun

+47.9% YTD. Swim school poolside wages appear to have been underbudgeted from Sep onwards. Full-year £200k overrun likely without intervention.

🟡

Academy Membership Gap

84 members vs 120 budget (–30%). Academy generates high surplus when full. Each missing member costs ~£460 net annual contribution.

🟡

Cash Propped by Non-Recurring Income

£23.6k fundraising + £21k gala surplus unbudgeted. Strip these and H2 cash trajectory turns significantly negative.

🔵

Uncategorised / Admin Spend

£6.9k uncategorised and £10.2k admin vs zero budget. Notes in workbook flag this. Governance issue to resolve.

🟢

Swim School & County Bright Spots

Swim School overall on budget. County +71.5% on revenue. Facilities costs fixed and on plan. Two anchors to protect.

Full-Year Outlook Summary

Full-Year Revenue Budget

£905k

Squads £548k · Swim School £358k

Projected Revenue Shortfall

~–£84k

If H2 tracks at H1 rates

Projected Wage Overrun

~–£200k

Run rate £593k vs £393k budget

Year-End Cash (Current Trajectory)

£160k

vs £231k budget · supported by non-recurring income

Bottom line: The club's budgeted £110k full-year operating surplus is not achievable at current trajectories. The wage overrun alone would swing the outcome by ~£200k. Gala and fundraising income (£45k YTD, all unbudgeted) is masking the severity. The committee needs a clear explanation of the wage variance and a corrective plan before the year-end cash position deteriorates materially below £100k.