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Celebrating 20 Years of Democracy! Contents THE MARKET THEATRE • LABORATORY • PHOTO WORKSHOP AN AGENCY OF THE DEPARTMENT OF ARTS AND CULTURE ANNUAL REPORT 2013/14 Celebrating 20 years of Democracy! Contents Act 1 Highlights 02 Act 2 Submission of the Annual Report to the Executive Authority 03 Act 3 Corporate Governance Report 04 Act 4 Chairperson’s Report 06 Act 5 Chief Executive Officer’s Report 08 © Ruphin Coudyzer FPPSA Act 6 Human Resources Report 11 Market Theatre Act 7 Artistic Director’s Report 12 Act 8 Annual Performance Report 14 Act 9 Report of the Finance and Audit Committee 21 Act 10 Report of the Auditor-General 22 Act 11 Report of Council 24 Act 12 Statement of Financial Position 27 Act 13 Statement of Financial Performance 28 Act 14 Statement of Changes in Net Assets 29 Act 15 Cash Flow Statement 30 Act 16 Accounting Policies 32 Act 17 Notes to the Annual Financial Statements 36 Act 18 Schedule of Operating Costs 49 Act 19 Report of the Market Laboratory 50 Act 20 Report of the Market Photo Workshop 54 © Ruphin Coudyzer FPPSA The Last Moustache Act 21 The Market Theatre Productions 58 Act 22 Acronyms 63 Act 23 The Market Theatre Foundation Council and Patrons 64 Act 24 Organisational Structure 65 Act 25 Staff 66 Act 26 Management Team 68 © Ruphin Coudyzer FPPSA Nongogo 0001 ActHighlights 1: ActSubmission 2: of the Annual Report to the Executive Authority PRODUCTIONS • Alumni Harriet Manamela wins Best Supporting Actress In accordance with the provisions of the Public Finance (3) engaging, educating and developing a diverse in a TV Drama at the SAFTAs for her role in Skeem and Management Act, 1999 (Act 1 of 1999), we take community through the performing and visual arts to • Received 30 Naledi Awards nominations. Saam. pleasure in submitting to Parliament, this report of the become enthusiastic audience members and • Formalised a new partnership with the Naledi Awards • Alfred Motlhapi, 2013 graduate, is selected as an intern activities of the Market Theatre Foundation for the financial supporters. for the inaugural Sophie Mgcina award for the Best with the Vuyani Dance Company. year ended 31 March 2014. Emerging Voice – bolstering the Market Theatre’s • Salome Sebola 2013 graduate, is selected by the VALUES commitment to the empowerment of emerging arts National Children’s Theatre to take part in their Young APPLICABLE ACTS practitioners by providing them with a platform to Directors Programme. • We are proudly South African and deeply conscious of perfect their skill. • Alumni Omphile Molusi to present a reading of his new This report is submitted in compliance with the Constitution our history and current social context. • Presented a season of “Market Madness” in association play at the Royal Court in London as part of the Royal of the Republic of South Africa, 1996 (Act 108 of 1996), the with the National Arts Festival, Grahamstown. A total of Court New Writing Programme. Public Finance and Management Act (Act 1 of 1999 as • We value and protect our artistic independence and 6 productions were presented on the main and student amended by Act 29 of 1999), Treasury Regulations (2001), right of free expression. festivals in one week. THE MARKET PHOTO WORKSHOP the Cultural Institutions Act (Act 119 of 1998), amongst other • As part of the Department of Arts and Culture’s Mzanzi applicable acts and regulations. • We produce and present authentic South African and Golden Economy strategy, funding under the Touring • The Transition exhibition was launched at the international art that is innovative and of the highest Venture was made available to present productions in Rencontres d’Arles, France and between July to VISION quality. remote areas of the country in order to ‘take theatre to September 2013, received 43,289 visitors and was the people’. The Market Theatre toured 2 productions, visited by French President François Hollande. The The vision of the Market Theatre Foundation (MTF) is • We value our clients and aim to delight them with our Woza Albert! and The Line to the following venues: publication Transition, published by Xavier Barral to create an authentic South African arts and culture offerings and service. o Thusong Centre, Alexandra township; Editions, was launched in France and South Africa and experience which is committed to providing the highest o Grahamstown (National Arts Festival); became a key contemporary document of landscape level of artistic excellence. • We are conscious of and accept our social responsibil- o The Steve Biko Centre, Ginsberg in King Williamstown; photography, 100 years after the Natives Land Act ity to train quality performing and visual artists and to o PACOFS, Bloemfontein; (1913) restricted and confined land ownership. use our art forms to improve people’s lives. o The Hilton Festival; • The inclusion of the Photo Workshop in the milestone MISSION o Casterbridge Centre, Whiteriver, outside Nelspruit; exhibition My Jo’burg at Maison Rouge, Paris. A • We are custodians of the Foundation and always act o Witbank Civic Theatre, eMalahleni. dedicated room was given to the Photo Workshop to In order to realise our vision, our mission is to ensure the long in its best interest within the parameters of the Con- curate a contemporary narrative of Johannesburg, term future of the MTF by: stitution, Bill of Rights, legislation and the principles of MARKET LABORATORY placing 11 Photo Workshop photographers amongst good governance. some of South Africa’s most important artists. (1) producing and providing a platform for a professional performing and visual arts repertoire that is • Student production, Milk and Honey, wins 3 awards at • The Apartheid & After exhibition at the prestigious Huis • We respect all our stakeholders and their needs. authentic and artistically excellent; the National Arts Student Festival, including “Production Marseille Museum and Gallery in Amsterdam, where with the Most Potential for a Professional Run”. the Photo Workshop produced a video insert as well • We treat all people with respect and act with honesty (2) developing the next generation of South African • The Lab, in collaboration with Think Theatre, hosts Liz as work from 7 photographers. The exhibition was a and integrity in all we do. performing and visual arts talent; Bradley, Chair of Drama at the Tisch School of the Arts, major photography retrospective after apartheid and New York University, for the Self-Start Intensive, a short included work from David Goldblatt, Santu Mofokeng, • We acknowledge the commitment of our staff and course in artistic entrepreneurship. Pieter Hugo, Jo Ractliffe and Guy Tillim, amongst others. recognise them as our most valuable asset. • Philip Dikotla wins the Fleur du Cap for Best • Alumni Zanele Muholi was awarded the prestigious Performance in a Revue, Musical or One Person Show, Prince Claus Award for her ‘visual activism’. as well as the Best of the 2013 Zabalaza Theatre Festival • Alumni Sabelo Mlangeni and Thabiso Sekgala were and an Encore Ovation Award at the National Arts included in the notable exhibition curated by Okwui Festival for his one-man show, Skierlik. Enwezor and Rory Bester Rise and Fall of Apartheid: Photography and the Bureaucracy of Everyday Life shown in New York, Munich and Johannesburg. Both photographers are included in the epic catalogue. FINANCIAL • Cash on hand at year end amounted to R92,7 million (2013: R81,6 million) of which R86,5 million (2013: R71,9 million) are conditional grants. R74,6 million (2013: R68,6 million) included in the conditional grants may be spent on Capital Works only. • The Foundation maintained its going concern status and ended the year with an accumulated surplus of © Ruphin Coudyzer FPPSA R11,4 million (2013: R10,8 million). © Ruphin Coudyzer FPPSA Asinamali Four Seasons 02 0003 ActCorporate 3: Governance Report BACKGROUND Council and independent external members. • obtain the necessary assistance of personnel in The Committee met 4 times. departments and functions of the Market Theatre The MTF subscribes to the sound principles of good Foundation where they perform audits, as well as corporate governance. The Finance and Audit Committee was fully functional as other specialised services from within or outside the is evident from its report on page 21. organisation. The MTF is a Schedule 3A entity, set up by an act of Parliament in 1998 – the Cultural Institutions Act (No 119 of RISK POLICY FRAMEWORK Internal Audit reports quarterly to the Finance and 1998, as amended). The corporate governance principles Audit Committee. The report to the Finance and Audit of the MTF are governed by the Cultural Institutions Act, as A policy was adopted to manage all categories of risk Committee includes: amended by the Cultural Laws Amendment Act (No 36 of associated with the Foundation’s business operations 2001) & the Public Finance Management Act (No 1 of 1999). through the development and maintenance of a formal • results of the internal audit reviews undertaken and risk policy framework. finalised during the preceding 6 months; and The Council Charter was approved by Council with a clear definition of the roles and responsibilities of the constituent A risk profile was developed and updated from which • progress against the approved Annual Internal Audit elements of the MTF’s management structure. This enables a Risk Assessment Report was prepared detailing the Plan – including any deviations from the approved Council to plan, execute, control and monitor the management actions taken and to be taken in relation to plan. Foundations’ activities in accordance with the strategic each risk identified. objectives. The Delegated Authorities policy determines INVESTMENT POLICY levels of authority for Council and Management in respect FRAUD PREVENTION STRATEGY of financial and operational decision-making, including Council has adopted the following investment policy major investments, capital expenditure and contractual which has been complied with during the year: engagements. The internal audit function monitors An anti-fraud policy statement was adopted and an anti- compliance with these assigned levels.
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