Annual Report 2014 1 2 3 4 6 5 7 Cover photographs 1 Paul Bishop in Australia Day 2 Candy Bowers in The Mountaintop 3 Jason Klarwein and Veronica Neave in Macbeth 4 Anna McGahan in The Effect 5 Christen O’Leary in Gloria 6 Promotional photograph for Black Diggers 7 Steven Rooke in Gasp! Photography: Aaron Tait, Branco Gaica (Black Diggers) Illustration: Lauren Marriott (The Mountaintop) Letter to Minister 27 March 2015 The Honourable Annastacia Palaszczuk MP Premier and Minister for the Arts Level 15, Executive Building 100 George Street BRISBANE QLD 4000 Dear Premier I am pleased to present the Annual Report 2014 and audited financial statements for the Queensland Theatre Company. I certify that this annual report complies with: the prescribed requirements of the Financial Accountability Act 2009 and the Financial and Performance Management Standard 2009, and the detailed requirements set out in the Annual report requirements for Queensland Government agencies. A checklist outlining the annual reporting requirements can be found on page 90 of this annual report or accessed at http://www.queenslandtheatre.com.au/About-Us/Publications Yours sincerely, Professor Richard Fotheringham Chair Queensland Theatre Company Queensland Theatre Company Annual Report 1 2 Queensland Theatre Company Annual Report Contents Contents .......................................................................................................................................................... 3 Introduction ..................................................................................................................................................... 5 Vision/Mission ....................................................................................................................................................................................5 Purpose ................................................................................................................................................................................................5 Values ...................................................................................................................................................................................................5 Queensland Theatre Company .........................................................................................................................................................5 Chair’s Overview ............................................................................................................................................. 6 Directors’ Overview ......................................................................................................................................... 8 Highlights and Achievements ..........................................................................................................................10 Background ....................................................................................................................................................11 Object and Guiding Principles ........................................................................................................................................................ 11 Strategic Plan 2014-2017 ................................................................................................................................................................ 11 Operational Plan 2014 ..................................................................................................................................................................... 11 Outcomes - Strategic Objectives ......................................................................................................................12 Summary of Key Outcomes .............................................................................................................................................................12 Key Measures ....................................................................................................................................................................................14 Goal One: Be Recognised for a Consistently High Standard of Work .................................................................16 Brisbane MainHouse Season .......................................................................................................................................................... 17 Studio Season ...................................................................................................................................................................................24 Touring Season .................................................................................................................................................................................28 Awards ...............................................................................................................................................................................................30 Goal Two: Reach a Wider Audience ................................................................................................................31 Gain a Better Understanding of the Queensland Theatre Market ............................................................................................32 Attract and retain more customers in existing product categories ...........................................................................................32 Goal Three: Strengthen industry relationships ............................................................................................... 35 Support a vibrant performing arts sector and providing support and development opportunities for local artists: ........36 Education and Youth Programs - providing pathways ...............................................................................................................38 Engaging with regional artists, companies and underserved communities: ..........................................................................40 Regional and Touring Program ......................................................................................................................................................42 Communicate evidence of our community value to attract new partners. .............................................................................45 Goal Four: Maintain a Strong and Balanced Infrastructure for the Company .................................................... 46 Better Financial result for MainHouse productions and strong expenditure controls ...........................................................47 Increasing income through existing revenue streams and new initiatives ............................................................................47 Sustainability ....................................................................................................................................................................................52 Financial Statements ...................................................................................................................................... 53 Summary of Financial Performance ...............................................................................................................................................53 Audited annual financial statements ............................................................................................................... 55 Certification of the Financial Statements ......................................................................................................... 75 Independent Auditor’s Report ........................................................................................................................ 76 Future Outlook ............................................................................................................................................... 78 Operational Plan 2015 .....................................................................................................................................................................79 Governance ................................................................................................................................................... 80 Management and Structure ............................................................................................................................................................80 Compliance .................................................................................................................................................... 89 Public Sector Ethics ..........................................................................................................................................................................89 Risk Management and Accountability ..........................................................................................................................................89 Human Resources .............................................................................................................................................................................89 Glossary ........................................................................................................................................................ 92 Disclaimers ...................................................................................................................................................