The British Triathlon Federation...The British Triathlon Federation Minutes of the Annual General...

Completed by JB on 8 Dec 2014, reviewed by IPH on 15 Dec 2014, distributed to the Board and Delegates on 17 Dec 2014 and agreed on 5 Jan 2015

The British Triathlon Federation

Minutes of the Annual General Meeting Held at 15:30 on Saturday 15 November 2014

In the Stephenson Room at Holywell Park, Loughborough University, LE11 3GR Present: British Triathlon Triathlon England Ian Howard*, TD, President Dave Rigby1 Jack Buckner*, Chief Executive Jem Lawson* Mary Hardwick*, Independent Director Business Bill James Malcolm Westwood*, Director, Age-Group Teams Sally Lockyer Lawrence Green Dave Bellingham Staff James Barton Kay Simnett, Finance & Business Operations Manager John Petrides Mark Barfield, Director English Operations Richard Fuller Judith Brand (Minutes) Alan Spelling Howard Vine Dick Donovan Welsh Triathlon Mike Battersby*

Beverley Lewis Tom Roberts

Mark White1 Andrew Deans Triathlonscotland Geoff Earl1 Richard Pearson

Stephen Moffatt* 1Voting Member, with names of accompanying Delegates underlined * BTF Board Member


1 Opening Remarks The President (IPH) welcomed all to the eighth Annual General Meeting of the British Triathlon Federation. IPH introduced Jack Buckner, Chief Executive, and paid tribute to the immeasurable contribution made by the previous incumbent, Zara Hyde Peters. IPH offered congratulations to David Rigby on his re-election as President of Triathlon England. IPH noted the point raised by Welsh Triathlon that the Annual Audited Accounts had not been circulated directly to the members. It was noted that on approval by the Board in July the Annual Audited Accounts were posted to the BTF website. No objections were raised by the members to continue proceedings at this meeting and it was noted that the Annual Audited Accounts would be circulated with the statutory notice to members in future. Apologies Apologies were noted from Dr Sarah Springman, CBE, David McNamee, Neill Craigie, Jon Ridgeon, and Ryan Wilkinson.

2 Annual Review (see Appendix 1) The meeting received the Annual Review, including a Financial Overview presented by the Chief Executive and President respectively. The presentation outlined the activities of the Federation since the previous Annual General Meeting, highlighting the splendid performance of the triathlon and paratriathlon GB teams at all levels, and the outstanding success of the Triathlon England Team at the 2014 Glasgow Commonwealth Games.

3 Audited Annual Accounts Acceptance of the Audited Annual accounts was unopposed.

5 Appointment of Auditors By unanimous vote, the members approved the reappointment of Haysmacintyre as the Federation’s auditors.

6 General Question and Answer Session Following conclusion of the formal business of the meeting the President invited questions from the floor. Geoff Earl raised a query regarding one of the figures within the Income and Expenditure Bridge for the Year ended 31 March 2014 (Annual report, Page 35) not forming part of the total. Kay Simnett confirmed that this was a printing error and apologised for the oversight.* Questions were answered on paratriathlon classification at Rio and beyond, coach development internationally and progress around commercial and potential sponsorship opportunities.

7 Concluding remarks The President thanked the Board and the Home Nations’ representatives and their members for their attendance. In closing IPH expressed heartfelt thanks and appreciation


to Jem Lawson who would be stepping down in December from the post of Chair of the Triathlon England Management Board and Triathlon England representative on the BTF Board. IPH welcomed Jem’s successor, Bill James. IPH also acknowledged the contribution of Malcolm Westwood, Age-Group Teams Director, following his resignation, noting Malcolm’s dedication to the Age-Group community. IPH also offered thanks and appreciation to Ryan Wilkinson, Finance Director who would be resigning in March 2015.

*We are able to confirm that the figure of 180,524 shown within the Triathlon England column against Age Group income is in fact a printing error which was not picked up during our proof reading session. The number should not be in the report at all; the number actually relates to the 2013 accounts for Home Nation Talent which explains why the figure is not included within the totals.

We can confirm that the Statutory Accounts signed off by the Board in respect of 31 March 2014 are indeed correct.

Achieving our Operational Objectives Jack Buckner

Deliver World Class Programmes • Olympic – 12 Podium

performances in the 2014 ITU World Triathlon Series events

• Paralympic – 3 medals within announced Rio categories

• Commonwealth Games – 5 medals

Deliver World Class Programmes

• Build our performance pipeline – in triathlon and paratriathlon, UK wide – Silver and bronze at World Grand

Final in the U23s: Gold in Mixed Team relay for U23/Juniors

– Gold at Nanjing 2014Youth Olympic Games

Develop Coaching at Elite/talent level Ensure continued British Performance

• Finalist in the Sports Coach UK National Governing Body of the Year category, recognising our contribution to the development of a coaching system and individual coaches in the UK.

Support ITU Multisport racing at world level

Delivering World/European medals - Aquathlon World Bronze - Aquathlon European Silver - European Duathlon Gold and Bronze, U23 Gold - European Long Distance Duathlon Gold - European Long Distance Triathlon Bronze - Ironman 70.3 World Silver and Bronze - Ironman World Bronze

Deliver age-group team experience

• Some 1600 athletes represented Great Britain, winning 260 medals

Stage WTS leg in UK in 2015

• Secured Royal Parks for 2015

• Awarded funding for 2015 event from UK Sport

• Won right to host in 2015 with ITU 30/31 May

• Grown TV audience with partners • Developed stepping stone for emerging

talent • Maintained strong relationships with

IMG and Human Race

Promote Triathlon through televised National Series

• Non Stanford guest presenter in both Hamburg and Edmonton

• Coverage of entire WTS on red button/BBC highlights

• Viewing figures for Glasgow 2014 Commonwealth Games mixed team relay - 2.9 m

Grow mainstream Media coverage enabling Triathlon to become a household name

• Facebook now: 25,781 • Twitter now: 28,460 • 96,618 page views Jan – Nov 2014 • 101,866 estimated minutes watch to

date in 2014 on British Triathlon’s YouTube Channel

Increase the triathlon fan base by maximising the use of social media

http://twitter.com/

http://www.facebook.com/BritishTriathlon

• Hosting ETU Presidents’ Conference in Loughborough in 2015

• Partnership with ITU on development and implementation of coach education programme

Influence international development and delivery of triathlon

• Developing a vision to 2020 • A strategy for triathlon - Integrated

approach : • Commercial • Events • Delivery

Looking forward …….

AGM 2014

Financial Performance

Financial overview

Turnover of £6.8m up from £5.3m in 2013

The surplus for the year before taxation amounted to £44.6k (2013: £36k)

Cash balances increase by £211k to £2.3m

Year 1 of the new quadrennial funding cycle - £0.4m and £0.5m uplifts in funding from UK Sport and Sport England respectively for 2013/14

Result Approved reserves policy target continues to be

exceeded with members fund reserve of £1,105,721 (2013: £1,062,581)

Strong cash balance of £2.3m (2013: £2.1m) allowing for commercial treasury decisions to be taken for the benefit of the organisation

Financial overview

Enhanced Reserves Reporting

Financial overview

2014 £

2013 £

Triathlon England Designated Reserve

463,381

385,666

Members Special Reserve

35,460 35,460

Income & Expenditure Account

606.880

641,455

Total 1,105,721 1,062,581

Income & Expenditure Analysis

Key Points On Delivery of Results: 66% of income is associated with ring fenced activities

reflecting the increase in funding and high profile activities such as the PruHealth World Triathlon Grand Final London

Membership income growth for England and Wales is strong with Annual membership showing a 11% year on year growth respectively

Membership

• Total Membership for the 3 Home Nations

2011 2012 2013 201415,090 16,034 16,844 18,994

6.3% 5.1% 12.8%YOY

IncreaseYOY

IncreaseYOY

Increase

Balance Sheet Analysis

Current assets increased by £217k to £2.7m

Current liabilities increased by £183k to £1.65m

Peer Review

•‘Blind’ Comparison against:

•UKA •British Cycling •RYA •British Swimming

•British Gymnastics

•Badminton England •British Rowing •England Athletics

•England Hockey •British Canoe Union •England Netball •British Judo

•British Equestrian

•Modern Pentathlon

•British Fencing

•British Performance Basketball

•British Shooting

•Clay Pigeon Shooting

Peer Review