Скачать презентацию Windybrow Theatre Annual Report 2015 2016 Presentation Скачать презентацию Windybrow Theatre Annual Report 2015 2016 Presentation

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Windybrow Theatre Annual Report 2015 / 2016 Presentation by: Ismail Mahomed CEO Christine Mc. Windybrow Theatre Annual Report 2015 / 2016 Presentation by: Ismail Mahomed CEO Christine Mc. Donald CFO

HISTORY • • Declared Cultural Institution in 2005 Suspended operations in March 2014 Market HISTORY • • Declared Cultural Institution in 2005 Suspended operations in March 2014 Market Theatre took over management 1 April 2014 Qualified audit opinion 2014 and 2015 Vacated premises for health reasons in March 2014 Unqualified audit opinion 2016 Declared Cultural Institution in 2005 withdrawn 1 April 2016 Amalgamated with The Market Theatre Foundation 1 April 2016

TRENDS 2016 Productions* Patrons Theatre income Staff 2015 12 19 294 R 338 416 TRENDS 2016 Productions* Patrons Theatre income Staff 2015 12 19 294 R 338 416 13 2 405 R 101 279 17 *Productions were staged at the Market Theatre under the banner: “The Market Theatre and the Windybrow Theatre presents …”

PRODUCTIONS Joint productions with the Market Theatre Foundation: • • • Page 27 People PRODUCTIONS Joint productions with the Market Theatre Foundation: • • • Page 27 People are living there As die broek pas Crepuscule The something prince Lepatata Cincinatti Siva Undone Egoli Songs from Jazztown In my end, is my beginning

UNCERTAINTIES Legal cases – Contingent liabilities • Dismissed CFO and CEO (R 1, 3 UNCERTAINTIES Legal cases – Contingent liabilities • Dismissed CFO and CEO (R 1, 3 mil) • Summons received from one contractor (R 20 mil plus interest at 15, 5%)

STAFFING Executive contract staff General management Other staff Contract staff Total 2 3 6 STAFFING Executive contract staff General management Other staff Contract staff Total 2 3 6 2 13 Windybrow staff are being amalgamated into The Market Theatre Foundation organogram as from 1 April 2016

REACTIVATION OF WT • Contractor’s handover of the WT heritage house: end August 2016 REACTIVATION OF WT • Contractor’s handover of the WT heritage house: end August 2016 • Rehearsals will commence at WT premises in August 2016 • WT Reactivation Strategy Session: 24 August 2016 • Windybrow Head appointment in final stages • Construction of theatre and development of the remainder of the WT site will commence in 2019

COUNCIL 2015/16 Name of member Gender Race Kwanele Gumbi (Chairman) Peter Mc. Kenzie Dr COUNCIL 2015/16 Name of member Gender Race Kwanele Gumbi (Chairman) Peter Mc. Kenzie Dr Sebiletso Mokone-Matabane Cedric Nunn Nomshado Twala Kopano Xaba Annabell Lebethe (CEO) Male Female African Coloured African

AUDIT COMMITTEE MEETINGS MEMBER T F Mosololi (Chair) Dr S Mokone-Matabane K Xaba M AUDIT COMMITTEE MEETINGS MEMBER T F Mosololi (Chair) Dr S Mokone-Matabane K Xaba M Maponya J B Spector ATTENDED GENDER 3 2 2 4 1 Male Female Male RACE Black White

AUDIT REPORT • Unqualified Audit Report – after 2 years of qualified opinions • AUDIT REPORT • Unqualified Audit Report – after 2 years of qualified opinions • Emphasis of matter: Uncertainty regarding the law suits • Compliance with legislation: material misstatements of trade and other receivables and trade and other payables

AUDIT FINDINGS • No internal audit function • Material adjustments to the financial statements AUDIT FINDINGS • No internal audit function • Material adjustments to the financial statements • Understatement of trade creditors • Understatement of contingent liabilities • Programmes not linked to the budget • No standard operating procedures developed and implemented for performance information

STATEMENT OF FINANCIAL POSITION 2016 R 2015 R Property, plant etc 5 660 225 STATEMENT OF FINANCIAL POSITION 2016 R 2015 R Property, plant etc 5 660 225 Trade receivables 214 151 Bank balances and cash 25 237 474 1 337 411 177 795 12 562 194 Total assets 14 077 400 31 111 850

STATEMENT OF FINANCIAL POSITION 2016 R 2015 R Equity and liabilities Capital grant reserve STATEMENT OF FINANCIAL POSITION 2016 R 2015 R Equity and liabilities Capital grant reserve Accumulated surplus 5 287 585 (68 480) 666 629 1 846 791 Unutilised subsidies Trade and other payables Bank overdraft Total current liabilities 24 059 184 1 833 561 25 892 745 10 958 745 602 675 2 560 11 563 980 Total equity and liabilities 31 111 850 14 077 400

STATEMENT OF FINANCIAL PERFORMANCE Operating income Government grant Revenue for the year 2016 R STATEMENT OF FINANCIAL PERFORMANCE Operating income Government grant Revenue for the year 2016 R 356 268 17 415 956 17 772 224 2015 R 127 479 11 452 962 11 580 441 Personnel costs Administration expenses (4 848 595) (10 217 945) (3 813 231) (5 056 927) Surplus from operations Interest received 2 705 684 - 2 710 283 - Net surplus for the year 2 705 684 2 710 283

STATEMENT OF CHANGES IN NET ASSETS Capital Donations R Balance at 31 March 2014 STATEMENT OF CHANGES IN NET ASSETS Capital Donations R Balance at 31 March 2014 Prior year adjustment Trf to capital donations reserve Surplus for the year (196 863) 666 629 Balance at 31 March 2015 666 629 Surplus for the year Trf to capital donations reserve 4 620 956 Balance at 31 March 2016 Accumulated Surplus R 5 287 585 (666 629) 2 710 284 Total R (196 863) 2 710 284 1 846 792 2 705 684 (4 620 956) 2 513 421 2 705 684 (68 480) 5 219 105

THANK YOU Any questions? THANK YOU Any questions?