Own the Podium Annual Report 2015

8/17/2019 Own the Podium Annual Report 2015

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To be a world leader in high performance sport

at the Olympic and Paralympic Games

OWN THE PODIUMANNUAL REPORT 2014-2015


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Annual Report 2014-20152

FUNDING PARTNERS

VISIONFor Canada to be a world leader in high performance sport at the Olympic and Paralympic Games

MISSIONTo lead the development of Canadian sports to achieve sustainable podium performances at the Olympic and ParalympicGames

MANDATETo strengthen the high performance sport system by leading the delivery of programs and services to increase Olympic

and Paralympic podium results through an evidenced based, expert driven, targeted and collaborave model

VALUESExcellence Integrity and Trust Bold Leadership Innovave

Podium Driven Ethical Nimble and Flexible Ground Breaking

Without Compromise Performance Partner Challenging Creave

Soluons Focused Open and Transparent Collaborave Visionary

Relentless Respected Outcome Focused Calculated Risk

Accountability

3 Message from the Chair and Chief Execuve Ocer

5 Board of Directors

6 Operaonal Objecves

8 Podium Excellence - Summer

11 Podium Excellence - Winter15 Sport Science, Medicine, Research and Innovaon Excellence

16 System Excellence

17 Organizaonal Excellence

19 Funding Report

21 Audited Financial Statements

24 Notes to Audited Financial Statements

27 Supported Naonal Organizaons

TABLE OF CONTENTS


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It can be said that sport has changed our country, inspired

us all and lied us up. We are a country strengthenedby men and women of sport. So much so that on thispast October 16th, the Right Honorable David Johnston,Governor General of Canada, declared that 2015 wouldbe the Year of Sport in Canada. Own the Podium is proudof the role it plays, with its partners to help spread the joyand exhilaraon of sport for all and the pursuit of athlecsuccess against the best in the world. We too aspire to begreat and hold ourselves accountable to deliver successevery day. We live for sport. The past year began with a $3 million funding li for theCanadian Olympic and Paralympic Sport Instute Networkprovided by the Canadian Olympic Commiee through its

Foundaon, plus support from the Canadian ParalympicCommiee. This funding is focused on enhancing theNetwork’s mandate of delivering world-class daily trainingenvironments for athletes and coaches across Canada.Building on support provided by the Government ofCanada and various provincial governments, this kind ofcollaborave partnership will help keep our athletes on alevel playing eld with the world’s best.

Own the Podium accepted the challenge put to us by TheHonorable Bal Gosal, Minister of State for Sport when heagreed to match $1 million in corporate funding raised insupport of Innovaons 4 Gold. Thanks to Canadian Tire,the Canadian Olympic Foundaon, the Canadian Olympic

Commiee, MITACS, the Instute naonal du sportdu Quebec, and the Canadian Paralympic Commiee,Canada’s research and innovaon program took a giantleap forward.

With the support of Canadian Tire, Innovaons 4 Goldpioneered a revoluonary new advantage for Canadianathletes with a project that demyses and harnessesthe power of sport analycs. Canadian Tire’s dedicatedteam of analysts are today working side by side with topcoaches, ocials and athletes helping to inspire excellence,elevate aenon to every detail and grow and sustainwinning habits. Analycs will help coaches and athletesof tomorrow rene training programs and idenfy

opportunies for improvement. OTP is convinced that dataanalycs will be a new dierence-maker in our relentlessquest to close the gap on the world’s top naons anddeliver more medals for Canada.

As a result of the 2015 Pan Am and Parapan Am Gamesin Toronto, Canada’s sport system has been gied witha number of spectacular new world-leading facilies.These venues will make a huge dierence in our eortsto achieve podium success at the 2016 Olympic andParalympic Games and beyond. Hosng the Games inToronto will also inspire a whole new generaon of youth

to get involved in sport, strengthen communies across

Canada, elevate civic pride, and movate young Canadiansto strive for excellence in sport and in life. For Own thePodium, Toronto 2015 will deliver new knowledge andexperiences that will help us more fully prepare Canada’sOlympic and Paralympic athletes to win in Rio 2016.

With an eye on future podium success, the Governmentof Canada reinforced its determined leadership in helpingadvance a new culture of winning in Canada by boosngits nancial support during this Year of Sport. Budget 2015delivered new funding for the development of Canada’snext generaon of champions. Beginning in 2016-17, theGovernment of Canada will match up to $20 million ofprivate sector investment to support athletes who are ve-

to-eight years away from potenal Olympic or Paralympicsuccess.

With support and connued collaboraon from ourpartners at the Canadian Olympic Commiee, CanadianParalympic Commiee, and Sport Canada, Own thePodium is ever more focused on creang winningcondions.

Like all Canadians, we know that when the Canadian agis raised anywhere in the world, or “O Canada” is sung tocelebrate sporng success, we all win. We know that sportcan be a powerful force for posive change, can contributeto naon building and inspire us all to live beer lives. In

a world lled with challenges and adversity, sport is sll abeacon for hope and humanity. Sport maers!

In these coming months and the pending countdownto Rio, all eyes will once again be on our nest youngathletes – wonderful ambassadors of the Canadian spiritas they seemingly make me stand sll. OTP will be thereevery step helping each one deliver the performance of alifeme.

We live to contribute in this way to a beer Canada.

MESSAGE FROM THE CHAIR AND CHIEF EXECUTIVE OFFICER

Annual Report 2014-2015 3

John FurlongChair

Anne MerklingerChief Execuve Ocer


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Annual Report 2014 9Annual Report 2014 9

Elissa Alarie and Bianca FarellaMembers of Canada’s Women’s Rugby Sevens Team


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BOARD OF DIRECTORS


John Furlong Therese Brisson Patrick Jarvis

Dr. Guy Larose Chris Overholt Julie Payee Keith Pelley

Duncan Fulton

Tricia Smith Dr. Mike Wilkinson Marn Boileau

Board Observer


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Podium ExcellenceSport Science, Medicine, Research,

and Innovaon Excellence

Summer Sport Winter Sport

HighPerformance

Directorsand Coaches

Integrated

Support

Team

Research

and

Innovaon

Performance

Intelligence

and Analysis

Canadian

Sports

Instute

Strategy

High

Performance

Athlete

Development

System Excellence

HP Directors

and Coaching

Strategy

CSI Network

Strategy and

Investment

Framework

HP Athlete

Development

Framework and

Strategy

Model to

Develop

NextGen HPDirectors and

Coaches

NextGen

Programs and

Capacity

Building

Podium

Pathways and

Gold Medal

Proles

Professional

Development

System

Harmonizaon

Front-line

Iniaves

Integrated

Support Team

Professional

Development

Performance

Analysis and

Analycs

Think Tank

Advisory Groups

Naonal Sport

Science

MedicineAdvisory

Commiee

Performance

Intelligence

Innovaons 4

Gold

Athlete

Intake and

Monitoring

(AIM)

World-leading podium performance pathways and

plans for all targeted sports

Opmal daily training and compeon

environment driven by world-leading coaches

and technical leaders supported by opmal SSSM

praconers for all targeted sports

Next generaon of podium potenal athletes and

teams idened and developed for podium success

Organizaonal Excellence

Strategic

Partnerships

At Games

Delivery

OPERATIONAL OBJECTIVES

Increased Medal Performance at

Olympic and Paralympic Games


BusinessFoundaon

BusinessOperaons


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Photo Credit: Balint Vekassy

Mark de JongeGold medal in K-1 200m at 2014 World Championships, Moscow

Bronze medal in K-1 200m at 2012 Olympic Games, London


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PODIUM EXCELLENCE - SUMMER


Rio Mid-Quad Update

Half-way through the 2016 Rio Quadrennial, Canadian athletes are poised to surpass the medal results achieved in theLondon Olympic and Paralympic Games. The following table provides an overview of Canada’s medal performanceheading into the third year of the Olympic quadrennial.

NaonRio Mid QuadMedal Rank

Rio Mid QuadRolling Medals

Won*

London 2012Medal Rank

London 2012Medals Won

MedalDierence

AUS 7th 36 7th 35 -1

JPN 8th 32 6th 38 -6

NED 9th 24 11th 20 +4

BRA 10th 23 16th 17 +6

CAN 11th 23 14th 18 +5

ITA 12th 22 10th 28 -6

KOR 13th 20 9th 28 -8

UKR 14th 20 12th 20 0

ESP 15th 20 15th 17 +3

HUN 16th 19 13th 18 -1

* Rolling Medal count refers to the medals from the most recent World Championships as not all sports have a World Championships each year of the

Olympic quadrennial

Some of the exceponal highlights from the 2014 World Championship season include:

• Two Canadian World Champions are crowned in 2014 with Catherine Pendrel winning the women’s cross-countryWorld Championships and Mark de Jonge in the men’s K-1 200m at the ICF World Championships

• Cycling Canada converted on two addional medals to lead all sports with three world championship medals

• Canada’s combave sport community reached the podium three mes in wrestling, judo and boxing

• Rowing produced two medals and trampoline yielded one medal at their respecve world championships

• Mulple 2013 World Championship medal winning sports athlecs (5), diving (3) and swimming (2) connue to trendwell in 2014 with numerous podium results at the 2014 Commonwealth Games and mulple Top-3 world rankedperformances in a year without a world championship

• Rugby Canada connued to shine with the Women’s Sevens nishing the 2013-14 season ranked 3rd in the WorldRugby rankings

• Canada’s Team Sport Strategy connues to demonstrate excellent posive return on investment with an impressive5th place nish by women’s basketball at the 2014 FIBA World Championships, the men’s sevens 6th place nish in theWorld Rugby rankings, the men’s volleyball 7th place result at the men’s world championships and the 8th place worldranking by Canada’s women’s water polo squad


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PODIUM EXCELLENCE - SUMMEREqually stellar performances were realized from Canada’s

Paralympic athletes in the 2014 Para-championshipseason. Some highlights were:

• Canada’s women’s wheelchair basketball team wascrowned world champions

• Para-cyclist Shelley Gauer collected 2 gold at the 2014IPC Para Road Worlds Championships

• Canadian para-cyclists achieved three addionalmedals at the 2014 IPC Para Road and Track WorldChampionships

• Para-canoe and para-triathlon, para-equine andwheelchair rugby each reached the podium in theirrespecve Para-world championships

• Canada is the 3rd ranked naon at the 2014 IFDS World

Championships including a silver in the Sonar• Para-Swimming and para-athlecs collecvely have

over 30 athletes ranked in the top-5 in a year without apara-world championships

Over the next fourteen months, OTP will work closely withCanada’s summer sport organizaons to ensure that ‘nostone is le unturned’ in converng our podium potenalevents to medals at the 2016 Rio Games. Some of thecrical elements being addressed include:• Maximizing Canada’s performances at the 2015 Pan

American and Parapan American Games as a cricalrehearsal for the 2016 Rio Games;

• Maximizing early Olympic and Paralympic qualicaonopportunies;

• Delivering on world leading daily training environmentsand compeon strategies for athletes and coaches;

• Accessing quality sport science and sport medicalservices relave to the performance gaps; and

• Implemenng key research and innovaon projects.

Own the Podium has been quite deliberate in its eorts tolay down the foundaon required to increase the pool ofpodium potenal athletes. We will connue to evolve ourNextGen strategy using the following four key taccs:

1. Collaborate with targeted sports in developing andvalidang their Podium Pathways and Gold MedalProles;

2. Invest in NSOs coaches and programs directed towardspodium potenal for Tokyo2020 and beyond;

3. Invest in exisng and new NextGen Instute Programs;and

4. Support strategic investments aimed at buildingCanada’s pool of podium potenal athletes.


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Alex HarveySilver medal in individual sprint

classic at FIS Nordic World Sk

Championships 2015, Sweden


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PODIUM EXCELLENCE - WINTER

The rst year following a Games can be a signicant portal for change and certainly 2014-15 brought a measure of this

element into the winter high performance sport landscape in Canada.

Although change can be healthy for a system, it can also pose potenal threats. There were a number of signicantorganizaonal changes within the Canadian winter sport community in 2014-15. Five of Canada’s winter NSOs, whichproduced over half of our medals in Sochi, either changed or were embarking on a change in sta leadership. This, coupledwith changes in senior volunteer leadership, le a large number of our medal producing NSOs potenally vulnerable. OTP,in collaboraon with other partners, was able to assist in ensuring that most of the transions had lile to no eect on thehigh performance programs of the respecve organizaons. This certainly reinforced the asseron that, although changemay be inevitable, our ability to monitor and manage that change in a producve manner is not only improving but willbecome an even more important factor in ensuring Canada’s long term success. With a number of marquee athlete rerements over the last 12 months, there has been and will connue to be someeect on Canada’s medal producon in the short term. Although our interim results, as measured by performances at

World Championships, sll demonstrated a retenon of overall strength, it is clear that retracon is a theme with respectto both the pool of podium potenal athletes and ulmately podium performances. On the posive side however, oncethe addion of the “new” disciplines (April of 2015) were retroacvely factored in to the 2015 overall results, there waslile net shi in Canada’s overall medal posion. As the compeve landscape in our circle becomes more crowded,Canada is at a stage where we must start to engage on new fronts and employ a broader spectrum of strategies and toolsin order to ensure our posion as a leading winter naon does not erode further.

Canadian Medal Ranking 2001-2015

Total Rank

Canada 2001

(Q3)

2002

(Q4)

2003

(Q1)

2005

(Q3)

2006

(Q4)

2007

(Q1)

2009

(Q3)

2010

(Q4)

2011

(Q1)

2013

(Q3)

2014

(Q4)

2015

(Q1)

Total Medals 18 17 21 28 24 27 29 26 33 29 25 24

Total Rank 5 4 4 3 3 2 1 3 2 2 4 4


0

1

2

3

4

5

6

7

2001

(Q3)

2002

(Q4)

2003

(Q1)

2005

(Q3)

2006

(Q4)

2007

(Q1)

2009

(Q3)

2010

(Q4)

2011

(Q1)

2013

(Q3)

2014

(Q4)

2015

(Q1)

Total Rank


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PODIUM EXCELLENCE - WINTER

With the nal sprint to a Games comes the need to laser focus on the opmizaon of medal opportunies and conversionat the coming set of Games. As a result of this narrowing of focus, it is inevitable that a number of longer term, potenallymore sustainable system liing projects may be paused in the short term. This was certainly the case with the PodiumPathway and Gold Medal Prole iniaves which largely had to be le unl aer Sochi for the winter sports to aendto. Over the last year however work has started in earnest in this very important area along with the cornerstone dataanalycs projects being spearheaded through a key partnership with Canadian Tire. Through the work already undertakenwe have seen glimpses of the profound impact this iniave will have on everything from idenfying and monitoringathlec talent to determining the true medal potenal of athletes and sports. Ulmately this work will also allow sports tobeer cra curriculum for developing athletes, guide and track athletes through their athlec pathway, and make beerdecisions around the allocaon of resources, both human and nancial. With a majority of winter sports now either on the

pathway or scheduled to start in the near future, this will be an important focus and become a key contributor to Canada’sfuture successes as a winter sport naon.

One of the other very important and complementary undertakings over the past year was the focus on “NextGen”programing for winter sport. Through key partnerships with system ready NSOs, the COPSI Network, provincial partners,and other funding partners such as CPC and COC, we were able to embark on nine NextGen Olympic and Paralympicprograms. All have proven to be very producve and will become crical tools in ensuring that the pool of podiumpotenal athletes grows in a systemic fashion moving forward.

In a very short me, the future of winter sport will again shi signicantly with the naming of the host city for the 2022Olympic Winter Games. As we have seen many mes over, the hosng of a Games transforms the sporng trajectory of anaon. Given this along with the many other factors which make the world of high performance sport an ever increasinglycompeve landscape, Canada must connue to commit to use every experience and tool at our disposal to ensure that

we remain a leading winter naon.

Canadian Medals Won 2001-2015

Total Medals

0

5

10

15

20

25

30

35

2001(Q3)

2002(Q4)

2003(Q1)

2005(Q3)

2006(Q4)

2007(Q1)

2009(Q3)

2010(Q4)

2011(Q1)

2013(Q3)

2014(Q4)

2015(Q1)

Total Medals


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Mikaël KingsburySilver medal in Freestyle Moguls at

2014 Olympic Winter Games and 2015 World Championships


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Brendan GreenCanadian biathlete

Photo Credit: Dave Holland


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Integrated Support Team (IST) Professional

DevelopmentThe Sport Innovaon (SPIN) Summit is Canada’s cungedge applied high performance sport science, medicineand research conference, organized annually by Ownthe Podium. The 2014 SPIN held in Montreal was atremendous success with over 250 sport science andmedicine experts who assist targeted programs with athletepreparaon in the daily training environment. Many of theinteracve sessions were delivered at the newly completedInstut Naonal du Sport du Québec providing theopportunity to showcase this world class high performancetraining facility.

March, 2015 also brought together sport sciensts fromthe COPSI Network for collaborave skill development. Thisthree day workshop culminated in the draing of a naonalposion paper outlining Olympic and Paralympic athleteintake assessment and monitoring protocols.

Working creavely with the Sport Informaon ResourceCentre, Own the Podium led the development of three newissues of the ‘High Performance SIRCuit’ which captures theessence of merging the art of coaching with the science ofsport.

Innovaons for Gold Campaign

Innovaons 4 Gold (I4G) is Own the Podium’s applied sportresearch program to support cung edge/compeveadvantage iniaves in proacve sports medicine, humanperformance and sports engineering. I4G supportsresearch projects, which are helping Canada win moremedals at the Summer and Winter Olympic and ParalympicGames. The I4G iniave has come to fruion viasignicant contribuons from Sport Canada, the COC, theCOF, the CPC, and corporate Canada (Canadian Tire) toensure that our country is poised for connued success inhigh performance sport.

Next Generaon of Applied Sport Researchers:

OTP-MITACSThrough unique research and training programs, Mitacsis developing the next generaon of Canadian innovatorswith vital scienc and business skills. In partnershipwith companies, government and academia, Mitacs issupporng a new economy using Canada’s most valuableresource – its people. One of these partnerships is withOwn the Podium. A contribuon to Canada’s successin Vancouver, London and Sochi was including talentedgraduate and post-graduate research interns to engage with

innovave thinking to solve sport performance quesons

about how we could Own the Podium. These future internswill be the conduit between the Canadian Naonal Teams,CSC/CSIs, and Universies to bring together a winningequaon for future Olympic and Paralympic Games. Theresults will not only impact podium performances but willalso contribute to healthy and acve lifestyles across thecountry. We are currently supporng three PhDs and onePost Doctoral Fellow with a new group of ve to begin nextyear.

SPORT SCIENCE, MEDICINE, RESEARCH, AND INNOVATION EXCELLENCE



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The goal of the System Excellence priority is to increase

the number and quality of world class athletes, coachesand technical leaders supported by fully funconal CSC/CSIs. During the past year, a number of iniaves have beendelivered which have contributed to this strategic priority.

High Performance Directors and CoachesFlowing from the Naonal Strategic Acon Plan for thedevelopment of High Performance Directors and Coaches,a series of iniaves were delivered in support of thisstrategy. OTP in conjuncon with the CAC, various NSOs,Sport Canada, P/T governments, CSC/CSIs, CCUPEKA, COCand CPC established an acon plan with four key goals andrelated taccs in order to: 1) recruit, retain and improve

world’s best high performance directors; 2) recruit, retainand improve world’s best coaches; 3) build pool of expertcoaches with potenal to become world’s best and; 4)develop strategic funding support for high performancedirectors and coaches.

In September 2014, a very successful High PerformanceDirectors’ retreat was held in Toronto. The event broughttogether 65 delegates from winter and summer sports,funding partners and OTP technical sta. The focus ofthe retreat was to provide a world class professionaldevelopment learning opportunity for Canada’s highperformance directors of Olympic and ParalympicNSOs, share experse and experiences and enhancekey competencies and training for our key technicalleaders. The retreat idened several areas related to therelaonship with NSOs and CSC/CSIs which led to a follow-up meeng convened by OTP where opportunies wereidened to strengthen these crical relaonships.

Canadian Tire Analycs TeamCanadian Tire Corporaon has connued its partnershipwith Own the Podium and is using its best-in-classdata analycs division to provide valuable insights andinformaon to help Canadian athletes win more medals on

the world stage. The informaon will also be used to helpcoaches and athletes rene their training programs andidenfy opportunies on the path to the podium.

Canadian Olympic and Paralympic Sport InstuteNetwork (COPSI Network)OTP connues to work with the CSC/CSIs to implementCanada’s Strategy and Investment Framework for the COPSINetwork. With the development of new world class trainingand compeon spaces in Toronto, Montreal and Calgary,

the COPSI Network is quickly becoming a key component of

our high performance delivery system oering state of theart support services to our naonal teams.

A key focus for 2014-15 was the compleon of Memorandaof Understanding with Provincial Governments, NSOs, CSIsand PSOs to deliver Next Generaon Instute Programswhich focus on supporng Canada’s next generaon ofOlympic and Paralympic medalists who are 5-8 years awayfrom the Podium. A total of 24 such agreements wereconcluded in 2014-15 involving 248 athletes and 35 coaches

in four CSIs.

SYSTEM EXCELLENCE


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ORGANIZATIONAL EXCELLENCEAs recognized by OTP’s funding partners, (Sport Canada,

COC, CPC), in order to achieve organizaonal goals,organizaons need to focus on how the organizaon isrun, including the various processes, systems, and controlsthat are used to strategically direct and lead them. OTP’sfocus on Organizaonal Excellence permeates all aspectsof the organizaon from the dedicaon and passion of ourvolunteer board, to the experience and experse of oursta team. In order for us to achieve our vision for Canadato be a world leader in high performance sport at theOlympic and Paralympic Games, OTP must exemplify thesame dedicaon, eort and discipline as Canada’s athletes.

Deloie Best In Class

In 2014-15, OTP connued to implement measures toimprove its leadership and business operaons owingfrom the COC Best In Class Enhancement Iniaveconducted by Deloie LLP in late 2013-14. Areas ofassessment included Governance and Risk, Strategyand Planning, Leadership and Culture, People, RevenueGeneraon & Engagement, and, Support Services. Of the31 business process areas that were assessed, OTP scoredAdvanced and Best-in-Class in 26 areas, Dened in 2 areasand Developing in 3 areas. From the OTP assessment,Deloie assisted us in developing the priority breakdownand roadmap to help OTP achieve our targets in the highpriority areas. This process connues to help validatemany of the outlined strategies in the current OTP StrategicPlan and helps focus our eorts on the business processareas that will yield the best “return on investment”. OTPis grateful to the COC for allowing the organizaon to beassessed under this program.

In addion to the above, in 2014-15, OTP:• Reorganized the senior sta leadership roles by

merging the Director of System Excellence and theDirector of Planning and Operaons into a singleposion in order to streamline responsibilies as well ascontain costs.

• Updated key internal policies in order to remain currentwith accountability requirements as well as bestpracces in the non-prot sector.

• Delivered prudent nancial management andmaintained open and transparent nancial reporng.

• Fully implemented a new performance managementsystem with clear goals, professional developmentplans, regular feedback and year-end performancereviews.



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Janet McLachlanGold medal at 2014 Women’s World Wheelchair

Basketball Championships, Toronto

Photo Credit: Wheelchair Basketball Canada / Phillip MacCallum


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FUNDING REPORTNSO and CSC/CSIs Funding

year ended March 31, 2015

Source of Funds

Sport Canada $61,100,000

COC - NSO and CSC/CSIs $4,697,500

COC - Olympic Legacy Coaching Fund $400,000

CPC $500,000

Total $66,697,500

Distribuon of Funds

NSO - Winter $21,532,500

NSO - Summer $34,965,000

NSO - Team $5,600,000

NSO - Olympic Legacy Coaching Fund $400,000

Total NSO Funding $62,497,500

CSC/CSIs Funding $4,200,000

Total $66,697,500

This report summarizes Own the Podium’s recommendaons to funding pares who distribute funds directly to NaonalSport Organizaons and the Canadian Sport Centres / Canadian Sport Insitutes.

Sport Canada

COC - NSO and CSC/CSIs

COC - Olympic Legacy Coaching Fund

CPC

92%Sport Canada

Source of Fund


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INDEPENDENT AUDITOR’S REPORT

To the Board of Directors of Own the Podium

We have audited the accompanying nancial statements of Own the Podium, whichcomprise the balance sheet as at March 31, 2015, and the statements of revenue andexpenses, changes in net assets and cash ows for the year then ended, and a summary ofsignicant accounng policies and other explanatory informaon.

Management’s Responsibility for the Financial StatementsManagement is responsible for the preparaon and fair presentaon of these nancialstatements in accordance with Canadian accounng standards for not-for-protorganizaons, and for such internal control as management determines is necessary toenable the preparaon of nancial statements that are free from material misstatement,whether due to fraud or error.

Auditor’s ResponsibilityOur responsibility is to express an opinion on these nancial statements based on our audit.We conducted our audit in accordance with Canadian generally accepted auding standards.Those standards require that we comply with ethical requirements and plan and performthe audit to obtain reasonable assurance about whether the nancial statements are freefrom material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the nancial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the nancialstatements, whether due to fraud or error. In making those risk assessments, the auditorconsiders internal control relevant to the enty’s preparaon and fair presentaon ofthe nancial statements in order to design audit procedures that are appropriate in thecircumstances, but not for the purpose of expressing an opinion on the eecveness of theenty’s internal control. An audit also includes evaluang the appropriateness of accounngpolicies used and the reasonableness of accounng esmates made by management, as wellas evaluang the overall presentaon of the nancial statements.

We believe that the audit evidence we have obtained is sucient and appropriate to providea basis for our audit opinion.

OpinionIn our opinion, the nancial statements present fairly, in all material respects, the nancialposion of Own the Podium as at March 31, 2015, and the results of its operaons and its

cash ows for the year then ended in accordance with Canadian accounng standards fornot-for-prot organizaons.

Chartered Professional Accountants, Chartered AccountantsLicensed Public Accountants

25 July, 2015

Deloie LLP

1600 - 100 Queen StreetOawa ON K1P 5T8Canada

Tel: (613) 236-2442Fax: (613) 236-2195www.deloie.ca



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Balance Sheet

as at March 31, 2015

CURRENT ASSETS 2015 2014

Cash $ 2,923,484 $5,584,383

Short-term investments (Note 4) 344,938 -

Accounts receivable 27,149 118,198

Prepaid expenses 39,261 5,852

$3,334,832 $5,708,433

Investments (Note 4) $2,062,433 $-

Capital Assets (Note 5) 48,063 72,056 $5,445,328 $5,780,489

CURRENT LIABILITIES 2015 2014

Accounts payable and accrued liabilies $993,972 $1,499,692

$993,972 $1,449,692

NET ASSETS

Invested in capital assets $48,063 $72,056

Unrestricted fund 4,403,293 4,208,741

$4,451,356 $4,208,797

$5,445,328 $5,780,489

See accompanying notes to the fnancial statements

AUDITED FINANCIAL STATEMENTS


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Statement of Revenues and Expenses

for the year ended March 31, 2015

REVENUES 2015 2014

Canadian Olympic Commiee (Note 3) $3,058,295 $3,160,997

Government of Canada 3,000,000 2,732,500

Government of Ontario 555,000 555,000

Canadian Paralympic Commiee 400,000 396,206

Investment Income 161,058 34,989

Sponsorships 55,500 57,033

Other (Note 9) 377,900 -

$7,607,753 $6,936,725

EXPENSES 2015 2014

Projects

Sports Science, Medicine, Innovaon $2,470,774 $2,059,456

System Excellence 550,454 515,032

Podium Excellence 761,723 598,997

$3,782,951 $3,173,485

Organizaonal Excellence

Salaries and benets $2,541,167 $2,691,440

Sta travel 513,165 476,325General administraon 310,905 230,761

Business systems - Database, IT 138,220 157,290

Communicaons 65,778 57,895

Governance 48,628 36,318

Amorzaon 36,380 36,191

$3,654,243 $3,686,220

Total expenses $7,437,194 $6,859,705

Excess of revenues over expenses $107,559 $77,020





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INVESTED IN

CAPITAL ASSETSUNRESTRICTED 2015 2014

Balance, beginning of the year $72,056 $4,208,741 $4,280,797 $4,203,777

Excess of revenue over expenses - 170,559 170,559 77,020

Amorzaon of capital assets (36,380) 36,380 - -

Acquisions of capital assets 12,387 (12,387) - -

Balance, end of the year $48,063 $4,403,293 $4,451,356 $4,280,797


Statement of Changes in Net Assets

year ended March 31, 2015

OPERATING ACTIVITIES 2015 2014

Excess of revenues over expenses $170,559 $77,020

Item not aecng cash

Change in unrealized gains on investments (103,017) -

Amorzaon of capital assets 36,380 36,191

103,922 113,211

Changes in non-cash operang working capital items:

Accounts receivable $91,049 $3,594,947

Prepaid expenses (33,409) 22,834

Accounts payable and accrued liabilies (505,720) 374,118

Deferred contribuons - (96,207)

$(344,158) $4,008,903

INVESTING ACTIVITIES 2015 2014

Net purchase of investments $(2,304,354) $ -

Acquision of capital assets (12,387) (13,855) $(2,316,741) $(13,855)

NET CASH INFLOW (OUTFLOW) (2,660,899) 3,995,048

CASH, BEGINNING OF YEAR 5,584,383 1,589,335

CASH, END OF YEAR $2,923,484 $5,584,383


Statement of Cash Flowsyear ended March 31, 2015


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NOTES TO AUDITED FINANCIAL STATEMENTS

1. DESCRIPTION OF ACTIVITIES AND STATUS

8069557 Canada Associaon operang as Own the Podium(the “Organizaon”) was incorporated under the Not-For-ProtCorporaons Act (NFP Act) on March 13, 2012. The Organizaonis a registered not-for-prot organizaon and commencedoperaons on April 1, 2012. As a not-for-prot organizaon underthe Income Tax Act, the Organizaon is exempt from income tax.

The purpose of the Organizaon is to strengthen a highperformance system by leading the delivery of programs andservices to increase Olympic and Paralympic podium resultsthrough an evidenced based, expert driven, targeted andcollaborave model.

2. SIGNIFICANT ACCOUNTING POLICIES

Basis of PresentaonThese nancial statements are prepared in accordance with PartIII of the Chartered Professional Accountants of Canada (“CPA”)Handbook, Accounng standards for not-for-prot organizaons.

The Organizaon also applies the standards for privateenterprises in Part II of the CPA Handbook to the extent that PartII standards address topics not addressed in Part III. Signicantaccounng policies include the following:

Financial instrumentsFinancial instruments consist of cash, investments, accountsreceivable, and accounts payable and accrued liabilies.

All nancial assets and nancial liabilies are inially recorded

at fair value. Subsequently, nancial assets and liabilies aremeasured at amorzed cost with the excepon of cash andinvestments which are measured at fair value. Changes in fairvalue are recognized in the statement of revenue and expenses.

The carrying values of accounts receivable, and accounts payableand accrued liabilies approximate their fair value due to theirshort-term nature. The fair value of investments is disclosed innote 4.

Credit risk arises from the potenal other pares will fail tohonour their obligaons. It is management’s opinion that theOrganizaon is not exposed to any signicant credit risk arisingfrom its nancial instruments.

Related party transacons

Related party transacons in the normal course of operaons arerecorded at the exchange amount.

Revenue recognion

The Organizaon follows the deferral method of accounngfor contribuons. Restricted contribuons are recognized asrevenue in the year in which the related expenses are incurred.Unrestricted contribuons are recognized when received and/or receivable, if the amount to be received can be reasonablyesmated and collecon is reasonably assured.

The Organizaon accounts for contributed materials and in-kind

services, when a fair value can be reasonably esmated andwhen the materials and services are used in the normal course ofoperaons and would otherwise have been purchased.

Capital assetsCapital assets acquired by the Organizaon are recorded at cost.Assets are amorzed on a straight-line over their esmate usefullives as follows:

Furniture and equipment 5 years

Computer equipment and soware 3 years

Leasehold improvements Term of the lease

Acquisions of capital assets for research and development arecharged to operaons at the date of acquision. During the year

$48,810 (2014 - $97,619) was expensed.

Foreign exchangeMonetary assets and liabilies are translated at the rate in eectat the balance sheet date. Revenue and expenses are recordedat the rate in eect at the date the transacon occurs. Gainsand losses on foreign exchange transacons are recorded in thestatement of revenue and expenses when they arise.

Use of esmates

The preparaon of nancial statements requires managementto make esmates and assumpons that aect the reportedamounts of assets and liabilies and disclosures of conngentassets and liabilies as at the date of the nancial statements and

the reported amounts of revenues and expenses during the year.The main esmates used include the useful lives of capital assetsand the amount of accrued liabilies. Actual results could dierfrom these esmates.

3. RELATED PARTY TRANSACTIONSThe Organizaon is related to the Canadian Olympic Commiee(COC) and the Canadian Paralympic Commiee (CPC) by virtueof Board representaon. Prior to the Organizaon commencingoperaons on April 1, 2012, the COC administered the programknown as Own the Podium (OTP) and collected revenues and paidcosts on behalf of the OTP program. On commencement of theOrganizaon, the COC transferred to the Organizaon net assetsof $3,844,685.

A Memorandum of Understanding (MOU) between theOrganizaon, COC and the Canadian Olympic Foundaon(COF) for funding exists for the period from April 1, 2013 toDecember 31, 2016. The total commitment is dedicated to theOrganizaon’s operang and program funding in addion tofunding directed to Naonal Sport Organizaons and CanadianSport Instutes. The total commitment is as follows:



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Quadrennial nancial commitment $ 32,000,000

Best eorts from previous quadrennial *5,000,000Carry-forward balance from previous quadrennial 169,442

Total commitment $ 37,169,442

*Includes up to $8,000,000 in funding for operang expenses, conngent uponmatching Sport Canada’s operang support.

A 2014/15 contribuon agreement with COC, dated September29, 2014 (2014 - October 3, 2013) provided for up to $4,190,281(2014 - $4,244,825) in operang and program funding onas needed basis up to June 30, 2015. As at March 31, 2015,$3,058,295 (2014 - $3,160,998) in COC funding was recognized. A Memorandum of Understanding (MOU) between the Organi-zaon and the Canadian Olympic Foundaon (COF) for funding

exists for the period from December 18, 2014 to December 31,2015. This MOU outlines a one-me grant in the amount of$250,000 to support iniaves within the Organizaon’s Inno-vaons 4 Gold program. The full amount was recognized in thecurrent year.

The 2014/15 funding usage and outstanding commitment are asfollows:

Total quadrennial funding usage as of March 31, 2014 $ 11,496,163

Organizaon’s operang funding 1,354,243

Organizaon’s program funding 1,704,051

Total funding recognized as revenue during the year 3,058,294

Total funding directed to NSOs and CSIs during the

year

*4,697,500

Total quadrennial funding usage as of March 31, 2015 19,251,957

Total outstanding commitment from COC/COF as ofMarch 31, 2015

$ 17,917,485

* This funding ows directly from COC/COF to the third pares, and as such it isnot recorded as a revenue or expense of the Organizaon.

In addion to related party transacons disclosed elsewhere inthese nancial statements, as at March 31, 2015, the Organiza-on had a payable of $302,082 owing to COC (2014 - payable of$234,862).

4. INVESTMENTSThe investments are summarized as follows:

Fair ValueCost2015 Fair Value

Cost2014

Bankersacceptance

$ 344,938 $ 344,903 $ - $ -

Mutual funds 1,270,603 1,185,072 - -

Canadian xedincome

791,830 774,379 - -

Total investments $ 2,407,371 $ 2,304,354 $ - $ -

Fair ValueCost

2015Fair Value

Cost

2014Short term $ 344,938 $ 344,903 $ - $ -

Long term 2,062,433 1,959,451 - -

$ 2,407,371 $ 2,304,354 $ - $

Investment RisksInvestment in nancial instruments renders the Organizaonsuscepble to the potenal risks arising from changes in interestrates, in rates of exchange for foreign currency, and in equity markets both domesc and foreign. They also include the risks arisingfrom the failure of a party to a nancial instrument to dischargeits obligaon when due.

The Organizaon has adopted investment policies, standards andprocedures to control the amount of risk to which it is exposed.The investment pracces of the Organizaon are designed toavoid undue risk of loss and impairment of assets and to providea reasonable expectaon of fair return given the nature of theinvestments. The maximum investment risk to the Organizaon isequal to the fair value of the investments.

Concentraon risk

Concentraon risk exists when a signicant proporon of theporolio is invested in securies with similar characteriscs orsubject to similar economic, polical or other condions. Man-agement believes that the investment porolio is well diversied.

Foreign currency riskForeign currency exposure arises from the Organizaon’s holdingof non-Canadian denominated investments in the mutual funds.

Interest rate riskInterest rate risk is the exposure of the Organizaon’s earningsthat arises from uctuaons in interest rates. The Organizaon isexposed to interest rate risk on its investments.The Bankers acceptance matures in 2015 and has an eecveinterest rate of 0.84%. The bonds mature at face value on a staggered basis over thenext six years. Eecve interest rates to maturity for these securi-

es range from 0.62% to 2.41%.



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5. CAPITAL ASSETS

2015

CostAccumulatedAmorzaon

Net BookValue

Furniture andequipment

$ 1,718 $ 1,031 $ 687

Computer equipmentand soware

24,499 7,143 17,356

Leaseholdimprovements

47,578 17,558 30,020

$ 73,795 $ 25,732 $ 48,063

2014

CostAccumulatedAmorzaon

Net BookValue

Furniture and

equipment$ 60,375 $ 50,795 $ 9,580

Computer equipmentand soware

95,308 69,648 25,660

Leaseholdimprovements

47,578 10,762 36,816

$ 203,261 $ 131,205 $ 72,056

6. RETIREMENT BENIFITSThe Organizaon provides registered rerement saving plans toemployees based on a percentage of gross salary. The employer’scontribuon for the year was $98,472 (2014 - $103,888).

7. COMMITMENTSThe Organizaon rents its premises and oce equipment under

various operang leases. The future minimum annual leasepayment and amount required under the operang leases is asfollows:

2016 $ 113,120

2017 98,575

2018 97,497

2019 92,107

2020 and thereaer 38,378

$ 439,677

8. CAPITAL MANAGEMENTThe Organizaon’s capital consists of net assets. TheOrganizaon’s objecves when managing capital are to fundworking capital needs and to safeguard its ability to connue as

a not-for-prot organizaon in an eort to carry out its mission.The Organizaon’s capital management framework is designedto ensure there is sucient short- and long-term exibility. Akey objecve is to maintain a nancial structure that covers theequivalent of one year of operang expenses. There have beenno changes to the management of capital over the previous year.

9. OTHER REVENUE

During the year $127,900 (2014 - $NIL) of in-kind contribuonswere recognized as other revenue for Sports Science, Medicineand Innovaon expenses. Also included in other revenue was$250,000 (2014 - $NIL) of funding from the Canadian OlympicFoundaon for the Innovaons 4 Gold program.

10. COMPARATIVE FIGURESCertain comparave gures have been reclassied to conform tothe current year’s presentaon.




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SUPPORTED NATIONAL ORGANIZATIONS


Alpine Canada

Alpin

Athlecs Canada Basketball Canada

Biathlon Canada Bobsleigh Canada

Skeleton

Boccia Canada Boxing Canada

Canoe Kayak

Canada

Cross Country

Canada

Curling Canada

Cycling Canada

Canadian

Wheelchair Sports

Associaon

Diving Canada Equine Canada

Field Hockey

Canada

Skate Canada

Gymnascs

Canada

Hockey Canada Judo Canada

Canadian Luge

Associaon

Rowing Canada

AvironRugby Canada

Wrestling Canada

Volleyball Canada

Sail Canada

Canada

Snowboard

Canadian Soccer

Associaon

Speed Skang

Canada

Swimming Canada Synchro Canada

Triathlon Canada Water PoloCanada

Canadian

Weightliing

Federaon

Wheelchair

Basketball Canada

Archery Canada

Canadian

Freestyle Ski

Associaon

Taekwondo

Canada

Tennis Canada


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Calgary85 Canada OlympicCalgary, Alberta T3B 5R5

Road SW

Documents

Own the Podium Annual Report 2015