Olympic Delivery Authority Olympic Delivery Authority 24th floor, 25 Canada Square Olympic Delivery Authority Annual Report and Accounts 2013–14 Canary Wharf, London E14 5LQ General enquiries +44 (020) 3 7454 701 www.gov.uk/oda learninglegacy.independent.gov.uk Annual Report and Accounts 2013–14 Leaving a legacy Olympic Delivery Authority Annual Report and Accounts 2013–14 Presented to Parliament pursuant to paragraphs 24(3) and 32 (4) of Schedule 1 of the London Olympic Games and Paralympic Games Act 2006 Ordered by the House of Commons to be printed 16 July 2014 HC 389 © Olympic Delivery Authority (2014) The text of this document (this excludes, where present, the Royal Arms and all departmental or agency logos) may be reproduced free of charge in any format or medium provided that it is reproduced accurately and not in a misleading context. The material must be acknowledged as Olympic Delivery Authority (2014) copyright and the document title specified. 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This publication is available at www.gov.uk/oda Print ISBN 9781474105033 Web ISBN 9781474105040 Printed in the UK by the Williams Lea Group on behalf of the Controller of Her Majesty’s Stationery Office ID 22051401 07/14 Printed on paper containing 75% recycled fibre content minimum Contents Chairman’s foreword 4 Chief Operating Officer’s report 5 Financial Review 6 ODA Board 11 Review East Village and Queen Elizabeth Olympic Park – 2014 14 East Village – transformation 18 East Village – a brand new neighbourhood 20 East Village in pictures 22 London’s legacy 24 Our final tasks 28 Awards 29 Health and Safety – a model project 32 Accounts Strategic Report 36 Remuneration Report 43 Statement of Accounting Officer’s Responsibilities 46 Governance Statement 47 Audit Report and Opinion 52 Accounts 54 Notes to the Accounts 58 Appendix 1 81 Schedule 1 82 Chairman’s foreword This has been a demanding year With Queen Elizabeth Olympic Park for the Olympic Delivery Authority, re-opening in April, we were pleased striving to complete its critical final to be able to fully open at the same tasks and so leave behind a further time 25 acres of new green space long-term legacy from London 2012. for both residents and visitors to enjoy, including play areas, gardens, Just as the London Legacy and wetlands. Thousands of people Development Corporation (LLDC) have had a chance to see, some for has been working hard to adapt the first time, how the whole area has the venues and facilities that the been transformed for generations to ODA was responsible for building, come to use and enjoy – walking, and to open them to the public, so relaxing, seeing the sights, or having the ODA itself has been engaged in a picnic, as well as playing and the huge job of transforming 2,818 watching sport in four world-class apartments and townhouses used as venues. athletes’ temporary accommodation into homes for Londoners, and other Outside London, Lee Valley White families and individuals attracted to Water Centre has become a real living in the exciting new East Village magnet for fans of canoeing, development. kayaking and rafting, and temporary facilities for London 2012 have found The first residents moved into the a new life, like one of the Olympic Village in November 2013, Park swimming pools that is now following the completion of the first being used by adults and children of 11 residential areas, or ‘plots’. alike at Bridlington in the East Riding We have been delighted by their of Yorkshire. We have been building reaction so far to the quality of the new homes, being marketed by the The ODA has worked with so many a new neighbourhood, legacy owners, Get Living London partners and stakeholders whose with all the vital and Triathlon Homes. contribution we recognise: including government, national and local, and infrastructure and The East Village contractors, led by the many contractors and their supporting facilities development manager Lend Lease, employees, whose creativity and hard have been fitting new kitchens in work helped turn ideas into reality. required for the each and every home in the space thousands of residents used to accommodate extra beds I remain hugely proud of the work during the Games, with temporary carried out during the last eight years making East Village partitions removed to create bigger by our employees past and present, their home during rooms. Painting and decorating, as well as staff seconded to the plumbing and electrical work has organisation or hired on a temporary 2013 and 2014. taken place in every home. basis. Their skills and experience are now being utilised on some of the But the work has not just been biggest projects in Britain, and by indoors, or within the residential some of our most prestigious public blocks. We have been building a and private sector bodies, including new neighbourhood, with all the HS2, Crossrail, the Crown Estate, vital infrastructure and supporting government departments, charities facilities required for the thousands and sports’ governing bodies, as well of residents making East Village as in new start-up businesses. Lastly, their home during 2013 and 2014. as we prepare to close down, I must This has included parklands and thank all the staff who have stayed to green spaces, the Chobham complete the ODA’s vital work after Academy, which welcomed its first London 2012, and all my colleagues students last September, and the who have served on the board of the Sir Ludwig Guttmann Health and ODA since 2006. They can all be Wellbeing Centre, which is providing proud of what they have delivered. GP and pharmacy services and community facilities for the benefit of East Village and the wider local community. Sir John Armitt Chairman 4 Olympic Delivery Authority Annual Report and Accounts 2013–14 Olympic Delivery Authority Chief Operating Officer’s The ODA’s key focus in the year The final plots are finished and being has been on the transformation handed over now. The extended report of East Village. Temporary programme has cost more. However, accommodation for Olympic and the forecast cost of London 2012 Paralympic competitors has been remains firmly within the Public transformed into new homes for Sector Funding Package, thanks to thousands of Londoners, all almost £1.2 billion in savings secured benefitting from the London 2012 by the ODA since 2006. legacy. This has been a unique challenge, with so many different It is to the credit of everyone strands of work running in parallel, involved, given the pressure to and within an extraordinarily short complete the properties in East period of time for such a huge Village, that we have been able to programme of work. maintain the ODA’s proud health and safety record, and, to date, three As the ODA worked with Lend million hours have been worked Lease and its contractors to turn without a reportable incident on the the athletes’ accommodation into East Village retrofit. new homes, the number of workers on site reached a peak of more than Our final tasks will be to complete 2,400, further demonstration of how the sale of the ODA’s remaining London 2012 has provided valuable interest in East Village and begin job opportunities in difficult economic the countdown to ODA closure times. More than 15,000 rooms were later this year. We are working adapted for legacy use, new flooring hard to conclude construction, equivalent in size to 40 football property and commercial contracts, This has been a unique fields was fitted, and eight km of fulfil planning obligations that benefit kerbing installed on the new road the whole community, transfer our challenge, with so many network in East Village. responsibilities for utility concessions different strands of work to LLDC, and comply with the Every apartment and townhouse had statutory steps required for a clean, running in parallel, and one purpose during London 2012, ordered and accountable dissolution. within an extraordinarily and then had to be adapted for a quite different, long-term use once Just as the ODA has always been short period of time for the athletes had left, before new committed to being a good employer such a huge programme occupants could move in and the in attaching the highest importance sale to East Village’s legacy owners to the safety of the construction of work. be completed. The ‘retrofit’ project workforce, so we have been has taken longer than was originally determined to prepare our own anticipated. This was due to the staff well as they search for new scale of the work being undertaken, employment, and embark on new and the time needed to complete a careers, or begin new businesses complex certification and handover of their own. Along with the venues, process, designed to ensure that infrastructure, and homes in Queen each and every home was of the Elizabeth Olympic Park, East Village highest, consistent quality. All the and Olympic and Paralympic time, our commitment has been to venues outside London, they will be excellence and giving the tenants outstanding ambassadors for the and homeowners in East Village the work undertaken by the ODA since same standards that the ODA it was established in 2006. achieved in building the Olympic Park and its world-class venues. The transformation of the 2,818 apartments and townhouses has Gerry Murphy been a demanding project and we Chief Operating Officer are grateful to all the residents, and Olympic Delivery Authority future residents, of East Village for their patience.