Issue - meetings

To update the Advisory Shareholder Sub Committee of the end of year performance of Liberty Leisure.

Members noted the Liberty Leisure Limited accounts for the financial year 2023/24. The annual operating budget for Liberty leisure Limited was derived from the Company’s annually updated Business Plan. The Council oversees the day to day transactions and book keeping of the Company. Members were pleased to see that the management fee had been reduced from the previous year and the operating income and showed an increase from the previous year. The operating expenditure had seen an increase, this was due to rising inflation costs, annual pay award, and rising costs to utility and insurance. The Committee would like to see a detailed breakdown of the accounts at future meetings.