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Market Theatre • Laboratory • Photo Workshop THE MARKET THEATRE • LABORATORY • PHOTO WORKSHOP AN AGENCY OF THE DEPARTMENT OF ARTS AND CULTURE ANNUAL REPORT 2014/15 THE MARKET THEATRE FOUNDATION Declared Cultural Institution In terms of the Cultural Institutions Act, 1998 (Act no 119 of 1998) ANNUAL REPORT 31 March 2015 Designed by Design Divas | www.designdivas.co.za Edited by Sue-Ann Struwe | www.satellitesue.co.za Act0 1 [CONTENTS] Act 1 Highlights 02 Act 2 Submission of the Annual Report to the Executive Authority 03 Applicable Acts, Vision, Mission, Values 03 Act 3 Corporate Governance Report 04 Act 4 Chairman’s Report 06 Act 5 Chief Executive Officer’s Report 08 Act 6 Human Resources Report 10 Act 7 Artistic Director’s Report 12 Act 8 Annual Performance Report 14 Act 9 Report of the Finance and Audit Committee 20 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 31 Act 16 Accounting Policies 32 Act 17 Notes to the Annual Financial Statements 38 Act 18 Schedule of Operating Costs 51 Act 19 Report of the Market Laboratory 52 Act 20 Report of the Market Photo Workshop 56 Act 21 The Market Theatre Productions 60 Act 22 The Market Theatre Foundation Council and Patrons 66 Act 23 Staff 67 Act 24 Organisational Structure 68 UK and USA Companies 68 Act1 2 [HIGHLIGHTS] PRODUCTIONS • Warren Masemola wins a South African Film and Television Awards (SAFTA) for Best Supporting Actor in 2014 Calendar year was a good year for the Market Theatre. a TV Comedy. James Ngcobo who had just completed his first year as • Phillip Dikotla wins the Olive Schreiner Award for Artistic Director, had some great programming lined up for Theatre for Skierlik. the year. Similar to the prior year (2013), only two of the three • The Market Theatre Lab collaborates with Pop Art theatres were operational. The Laager Theatre closed off Theatre on a new course which sees Lab students on a high note with Agreed, which starred Lionel Newtown organising, marketing and performing their plays at and Kutlwano Masote and has gone on to win a Naledi Pop Art. Award. The Laager Theatre is undergoing renovations and is • The Lab hosts children’s theatre specialists from scheduled to open in June of 2015. Holland, Christiaan Bloem and Annemiek Funneman, who create a children’s show based on The Gruffalo The highlights for the year include: with first year students. • Lab students Mahlatsi Mokgonyana and Baeletsi • A parade and exhibition by the South African Tsatsi direct a play at Kensington High School that National Defence Force (SANDF) at the opening of wins Best Play at the Hillbrow Theatre’s Inner City High Ukutshona ko Mendi…Did We Dance on the 21st of School’s Festival 2014. February to coincide with, commemorate the lives lost and celebrate the bravery displayed by the men THE MARKET PHOTO WORKSHOP when the ship sank off the Isle of Wight. • Hosting the critically acclaimed A Human Being • The Market Photo Workshop celebrated 25 years of Died That Night by Pumla Gobodo-Madikizela – operation as a photography training institution and her account of the interviews she conducted with project space. Eugene de Kock. The show went on to enjoy an • Two mentorship programmes were completed with average of 86% attendance. successful exhibition launches and production of • John Kani’s new production Missing played to great publications. response. • The Joburg Photo Umbrella, November 2014, was one • The Main Theatre was renamed the John Kani Theatre of its kind photography festival in Johannesburg that in June 2014. attracted a wide range of photography participants. • In keeping with it’s vision to attract new and young The first leg of this exhibition was launched at the patrons, the Market Theatre staged four days of Brighton Photo Biennial 2014 in October. The festival poetry during The Spoken Freedom Festival, which recorded over 2500 visitors and participants. It also attracted 494 people (87%) typically not seen at the exposed photography to wider inner-city and Market Theatre. suburban commuting public within the 20 days. • The Wozobona Arts Bazaar was a new initiative • Another highlight was the completion of a successful undertaken to provide an alternative stage for groups advocacy programme in partnership with African that have participated in the Market Laboratory’s Centre for Migration Studies at Wits University and Community Theatre Development Programme, give Sisonke Sex Worker Movement. the productions further life beyond the festival and • Our alumni again had a successful year. Alumni expose them to wider audiences. Zanele Muholi launched her first Photography • Johannesburg audiences queued around the block book titled Faces and Phases at the Market Photo to catch the much celebrated Athol Fugard starring Workshop. The late Thabiso Sekgala (passed October in his latest offering The Shadow of the Hummingbird. 2014), was co-commissioned for the production of A • Have You Seen Zandile, revived by Khutjo Green, an Return to Elsewhere collaborative exhibition. exciting emerging director, enjoyed critical acclaim and box office success. FINANCIAL • We closed off the year with Sizwe Banzi is Dead, which was also a critical and box office success. • Cash on hand amounted to R71,3 million on 31 Once it closed, it transferred to McCarter Theatre March 2015 (2014: R92,7 million) of which R63,1 million Centre in Princeton and Syracuse Stage. (2014: R76,6 million) is conditional grant to be spent on Capital Works only. MARKET LABORATORY • The Foundation maintained its going concern status and ended the year with an accumulated surplus of • Market Laboratory celebrates 25 years of operation. R12,3 million (2014: R10,4 million). Market Theatre Foundation Annual Report 2014 | 2015 Act2 [SUBMISSION OF THE ANNUAL 3 REPORT] TO THE EXECUTIVE AUTHORITY In accordance with the provisions of the Public Finance VALUES and Management Act (Act 1 of 1999), we take pleasure in submitting for presentation to Parliament this report of • We are proudly South African and deeply conscious the activities of The Market Theatre Foundation for the of our history and current social context. financial year ended 31 March 2015. • We value and protect our artistic independence and APPLICABLE ACTS right of free expression. This report is submitted in compliance with the • We produce and present authentic South African Constitution of the Republic of South Africa, 1996 (Act and international art that is innovative and of the 108 of 1996), the Public Finance and Management Act, highest quality. (Act 1 of 1999 as amended), Treasury Regulations, 2001, amongst other applicable acts and regulations. • We value our clients and aim to delight them with our offerings and service. VISION • We are conscious of and accept our social The vision of The Market Theatre Foundation (MTF) is responsibility to train quality performing and visual to create an authentic South African arts and culture artists and to use our art forms to improve people’s experience which is committed to providing the highest lives. level of artistic excellence. • We are custodians of the Foundation and always MISSION act in its best interest within the parameters of the Constitution, Bill of Rights, Legislation and the principles of good governance. In order to realise our vision, our mission is to ensure the long term future of the MTF by: • We respect all our stakeholders and their needs. 1. producing and providing a platform for a professional We treat all people with respect and act with honesty performing and visual arts repertoire that is authentic • and integrity in all we do. and artistically excellent; We acknowledge the commitment of our staff and 2. developing the next generation of South African • recognize them as our most valuable asset. performing and visual arts talent; 3. engaging, educating and developing a diverse community through the performing and visual arts to become enthusiastic audience members and supporters. From Left: ©Ruphin Coudyzer FPPSA - The Mother of All Eating | ©Ruphin Coudyzer FPPSA - Sizwe Banzi is Dead Market Theatre Foundation Annual Report 2014 | 2015 Act3 4 [CORPORATE GOVERNANCE REPORT] BACKGROUND MEETINGS The MTF subscribes to the sound principles of good Council: corporate governance. Council meetings are held annually, at least four times The MTF is a Schedule 3A entity, set up by an act of a year. During the period under review, Council held 6 Parliament in 1998 – the Cultural Institutions Act (119 of meetings. 1998, as amended). The corporate governance principles of the MTF are governed by the Cultural Institutions Act, Finance and Audit Committee: as amended by the Cultural Laws Amendment Act (No 36 of 2001), the Public Finance Management Act (No 1 of The Finance and Audit Committee is chaired by an 1999, as amended). independent external member and comprised of 4 members, two from Council and two external members. The Board Charter was approved by Council with The Committee met 4 times. a clear definition of the roles and responsibilities of the constituent elements of the MTF’s management The Finance and Audit Committee was fully functional as structure. This enables Council to plan, execute, control is evident from its report on page 20. and monitor the Foundation’s activities in accordance with the strategic objectives. The Delegated Authorities RISK POLICY FRAMEWORK policy determines levels of authority for Council and Management in respect of financial and operational A policy was adopted and updated to manage all decision-making, including major investments, capital categories of risk associated with the Foundation’s expenditure and contractual engagements. The internal business operations through the development and audit function monitors compliance with these assigned maintenance of a formal risk policy framework.
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