annual reportand accounts 2016 02 ANNUAL REPORT AND ACCOUNTS 2016 CONTENTS 03 Left: Olivia Federici and Katie Clark compete in the Duet Free prelims INTERNATIONAL at the Rio Olympics 2016. Cover: Jack Laugher and Chris Mears with their gold medals at the Rio Olympics 2016. Alex Whitehead/SWpix.com EXCELLENCE CONTENTS 04 COMPANY INFORMATION 06 Chairman’s Report Maurice Watkins 07 Chief Executive’s Report David Sparkes 08 Olympic Games Rio 2106 22 Paralympic Games Rio 2016 30 LEN EUROPEAN championships 2016 40 IPC EUROPEAN CHAMPIONSHIPS 2016 STATEMENTS FINANCIAL 42 EUROPEAN junior championships 2016 46 INTERNATIONAL RELATIONS 50 CORPORATE 52 EXCELLENCE 72 major events strategy 2017-2024 74 Financial Statements 82 Acknowledgements ONLINE ANNUAL REPORT AND ACCOUNTS https://www.britishswimming.org/about-us/annual-reports 04 ANNUAL REPORT AND ACCOUNTS 2016 COMPANY INFORMATION 05 COMPANY Great Britain’s Laura Stephens INTERNATIONAL competes in the Women’s 50m Butterfly heats at the 2016 LEN European Aquatics Championships, INFORMATION London Aquatics Centre. Alex Whitehead/SWpix.com For the year ended 31 March 2016 CHAIRMAN BANKERS Edward Maurice Watkins CBE Lloyds Bank 37/38 High Street Loughborough DIRECTORS Leicestershire Maureen Campbell LE11 2QG Urvashi Dattani (appointed 1 Jan 2016) Graham Edmunds Kleinwort Benson William Raymond Gordon 14 St.George Street John Craig Hunter London EXCELLENCE Robert Michael Kenneth John James W1S 1FE Alexandra Joanna Kelham Peter Jeremy Littlewood Coutts & Co. Michael John Power (retired 31 December 2015) 440 Strand Simon Rothwell London David Sparkes OBE WC2R 0QS Adele Stach-Kevitz AUDITOR COMPANY SECRETARY Haysmacintyre Ashley Cox 26 Red Lion Square London WC1R COMPANY REGISTRATION NUMBER 4092510 REGISTERED OFFICE STATEMENTS FINANCIAL British Swimming Pavilion 3 Sportpark 3 Oakwood Drive Loughborough LE11 3QF ONLINE ANNUAL REPORT AND ACCOUNTS https://www.britishswimming.org/about-us/annual-reports 06 ANNUAL REPORT AND ACCOUNTS 2016 CHAIRMAN AND CEO REPORTS 07 CHAIRMAN’S CHIEf executive’s REPORT REPORT INTERNATIONAL MAURICE WATKINS DAVID SPARKES In my last Chairman’s Report, I drew attention to the As for Rio, what can I say? After all the initial doom As I write my final annual report for British Swimming interest across the globe. LEN 2016 European Championships in London which and gloom, never mind the threat of Zika, it was a as its Chief Executive I will first reflect on the past a The team in British Swimming is, I believe, one of the British Swimming was hosting and to the looming great experience. Our athletes and coaches did us little before addressing the future. I joined swimming strongest aquatics teams in the world and I am confident vision of the Rio Olympics and Paralympics. Little did I proud. We will remember these Games for ever. Best in 1994 and during this time have provided leadership that we will see more success in the years ahead with realise how momentous these events were going to be. Olympic swimming results since 1908, best ever for an impressive group of individuals. It has been a medals in Tokyo, more British influence in the sport and diving results and first diving gold medal, best ever privilege to be part of some of the greatest moments Our results in the London Championships were great International events staged in the UK. Paralympic result with all three disciplines beating in our sport’s history and to have been part of a team magnificent and a wonderful event was staged overall, their stretch targets and synchronised swimming that made it all possible. The leadership comes from the Board and I would with admittedly a few problems with managing the achieving its target. wish to put on record my thanks to Maurice Watkins sheer size of the Masters event, but nonetheless a My first Olympics was Atlanta 1996 and this was for and the Board of British Swimming for their support great tribute to the planning and preparation of the The success of British aquatics has revived interest me when I realised in reality how far behind we were over the last 4 years. I know that all the team really organising committee and our partners UK Sport, in our sport and once again we are the subject of in performance sport. Then along came the National appreciate the contribution they make to our work the Mayor of London and London Legacy Corporation pleasing and positive media comment. So let us enjoy Lottery and everything changed. In 2000 we first led the EXCELLENCE and the way they supported us every step of the way. Limited. The sporting event was also combined with the moment but already the work has started for team to the Paralympics. We have during this period When I depart British Swimming later in 2017 I know I the LEN Congress and Presidential election both Tokyo 2020. Sport never stands still. had some marvellous moments and some deeply leave behind a successful team who have the capacity of which were staged impeccably and did wonders disappointing ones also, however this is sport. We On the corporate front the board is working well and to achieve more in the years ahead. for increasing our international influence at the never lost faith that with our professional approach and I am grateful to our independent and stakeholder European level. In that matter of influence I welcome the right people we would bring success to the sport. directors for their work and support. There will be the significant British Swimming appointments to some board changes going forward as directors come We now reflect on our best ever result in Diving and LEN Committees and David Sparkes’s forthcoming to the end of their terms of office specifically Robert the best Olympic result for swimming for 100 years appointment to the FINA Bureau. James and Simon Rothwell who have done sterling with Synchronised Swimming also achieving its target. David Sparkes OBE work for the Board but I am confident that their The Paralympics, where swimming finished 3rd in the CEO, British Swimming replacements will carry on their good work. medal table, is easily our best ever result given the changes in Paralympic Swimming in recent years. Many thanks are also due to our dedicated staff, These were outstanding results given the sports volunteers, partners and sponsors who have results in London 2012. The whole team at British contributed to our successful “one team” effort and Swimming together with the coaches, support staff approach. and athletes all contributed to making 2016 the most successful year ever in British Swimming. However this is not all despite massive financial STATEMENTS FINANCIAL challenges. We staged the European Championships in London, the first time this event had taken place Maurice Watkins CBE in London since 1938 and despite the financial Chairman, British Swimming challenges this proved to be a success. We also have an opportunity in 2018 to again stage this event in Glasgow, never before has one nation done back to back European Championships. We continue to play a strong role in International Influence in LEN, FINA and IPC Swimming, shaping the sport and building more 08 ANNUAL REPORT AND ACCOUNTS 2016 RIO OLYMPIC GAMES 2016 09 ‘I can’t put into words what that Burnett’s 2008 British record with swim means to me,’ said Peaty after 48.01 in the 100m freestyle heats, a more demonstrative celebration. matching Burnett’s old record with ‘I knew I was in front but not by that 48.20 in the semis, then equalling his much. I touched the wall and looked own 48.01 to come fifth in the final. to my left and thought, “Where He was the first British man to make is everybody?” I thought the best the 100m freestyle final since Bobby possible race I could do would be McGregor came fourth in Mexico 57.3 so to get 57.1 is something else. in 1968. In the meantime, Scott It’s absolutely incredible.’ delivered a 47.62 split in the relay EVENT INTERNATIONAL to secure Britain’s silver medal and He added: ‘I’m not going to settle for smashing their British record which just this. I’m going to push forward had been set in the heats in a time of – I’m sure every gold medallist says 3:29.24. this but Mel and I operate differently Adam Peaty offers a passable and we are always pursuing Best session impression of Christ the excellence and self-improvement.’ Redeemer as he celebrates gold Peaty’s gold and the medley team’s and another world record astride silver bookended a tally of six the lane rope Remarkable tradition medals for GB, five of them silver. Peaty also featured in the Men’s 4 x Vaughn Ridley/SWpix.com Two of these came from Jazz Carlin, 100m medley relay. Britain qualified the first in the 400m freestyle only fastest after fielding their A team in minutes after Peaty’s gold, making a heat whereasthe US changed their this the best session for Britain entire team for the final, bringing that anyone could remember. Gold in an individual medallist for each stroke including Michael Phelps on fly. Britain’s Chris Walker-Hebborn handed over in sixth place in 53.68. ‘He didn’t so much EXCELLENCE America’s breaststroke bronze move the goalposts medallist Cody Miller was already OLYMPIC two seconds up the road as the of international He almost matched his record in the Olympic champion left the block. breaststroking semi-finals with 57.62, the second Peaty halved the gap on the first as shift the entire fastest time in history and 0.3 under length before easing past Miller pitch, delivering GAMES his old mark.