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

2. 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Declared Cultural Institution in 2005 withdrawn 1 April 2016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

3. TRENDS Productions* 12 2 Patrons 19 294 405
Productions*
Patrons
Theatre income R R
Staff
*Productions were staged at the Market Theatre under the banner:
“The Market Theatre and the Windybrow Theatre presents …”

4. 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

5. UNCERTAINTIES Legal cases – Contingent liabilities
Dismissed CFO and CEO (R1,3 mil)
Summons received from one contractor (R20 mil plus interest at 15,5%)

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

7. 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 the theatre and development of the remainder of the WT site will commence in 2019

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

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

10. 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

11. 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

12. STATEMENT OF FINANCIAL POSITION
R R
Property, plant etc
Trade receivables
Bank balances and cash
Total assets

13. STATEMENT OF FINANCIAL POSITION
R R
Equity and liabilities
Capital grant reserve
Accumulated surplus (68 480)
Unutilised subsidies
Trade and other payables
Bank overdraft
Total current liabilities
Total equity and liabilities

14. STATEMENT OF FINANCIAL PERFORMANCE
R R
Operating income
Government grant
Revenue for the year
Personnel costs ( ) ( )
Administration expenses ( ) ( )
Surplus from operations
Interest received
Net surplus for the year

15. STATEMENT OF CHANGES IN NET ASSETS
Capital Donations Accumulated Surplus Total
R R R
Balance at 31 March ( ) ( )
Prior year adjustment
Trf to capital donations reserve ( )
Surplus for the year
Balance at 31 March
Surplus for the year
Trf to capital donations reserve ( )
Balance at 31 March (68 480)

16. THANK YOU
Any questions?