ANNUAL REPORT 2010 - Business and Arts South Africa
ANNUAL REPORT 2010 - Business and Arts South Africa
ANNUAL REPORT 2010 - Business and Arts South Africa
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Annual report <strong>2010</strong>
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong><br />
Michelle Constant<br />
Chief Executive Officer<br />
Regional Offices<br />
Bankers<br />
The St<strong>and</strong>ard Bank of <strong>South</strong> <strong>Africa</strong><br />
NAture of <strong>Business</strong><br />
The promotion <strong>and</strong> development of<br />
partnerships between the private sector<br />
<strong>and</strong> the arts.<br />
Board of Directors<br />
Sikkie Kajee (Chairman)<br />
Ivan May (Deputy Chairman)<br />
Richard Cock<br />
Kwanele Gumbi<br />
M<strong>and</strong>la Langa<br />
Giovanni Mariano<br />
Kenneth Marcus<br />
Monna Mokoena<br />
AB Moosa<br />
Florence Thom<br />
Gabriela Palacios-Flusk<br />
Chia-Chao Wu<br />
France Sesedinyane (representative)<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong><br />
P O Box 42865, Fordsburg, 2033<br />
The Mills, 3rd Floor<br />
66 Carr Street, Newtown<br />
Tel No: 011 832 3039/3042<br />
Fax No: 011 832 3040<br />
Email: info@basa.co.za<br />
Web: www.basa.co.za<br />
Germaine Gamiet<br />
Marketing <strong>and</strong> Operations Manager<br />
Jessica Dennison<br />
Executive Assistant<br />
Carol Mokwena<br />
Client Liaison Officer<br />
Karabo Legoabe<br />
Intern<br />
Maureen Benya<br />
General Assistant<br />
Diana Williams<br />
Co-ordinator, BASA Mentorship<br />
Programme<br />
Kwa-Zulu Natal<br />
David Gouldie<br />
Tel No. 083 551 6345<br />
Fax No. 031 206 1177<br />
Email: davidgouldie@mweb.co.za<br />
Eastern Cape<br />
Melanie Manson<br />
Tel No: 041 360 1682/072 280 9167<br />
Fax No. 041 360 1279<br />
Email: melanie@basa.co.za<br />
Western Cape<br />
Thessa Bos<br />
Tel No: 079 494 1156<br />
Email: thessa@basa.co.za<br />
Auditors<br />
Grant Thornton<br />
Registered Auditors<br />
Chartered Accountants (SA)<br />
<strong>South</strong> <strong>Africa</strong>n member of Grant<br />
Thornton International<br />
Company registration number<br />
1997/001920/08<br />
VAT No. 4520249105<br />
All images were supplied by St<strong>and</strong>ard Bank from their Halakasha Exhibition.
Index<br />
Chairman's statement 2<br />
Vision <strong>and</strong> mission 4<br />
Chief Executive Officer's review 7<br />
Governance 10<br />
Strategic overview 12<br />
Grants <strong>and</strong> report back status 18<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> Special Projects 26<br />
<strong>ANNUAL</strong> Financial statements<br />
Independent Auditor's report 28<br />
Directors' Responsibilities <strong>and</strong> Approval 30<br />
Directors' Report 31<br />
Statement of Financial Position 32<br />
Statement of Comprehensive Income 32<br />
Statement of Changes in Equity 33<br />
Statement of Cash Flows 33<br />
Accounting Policies 34<br />
Notes to the Annual Financial Statements 35<br />
The following supplementary information does not form<br />
part of the annual financial statements <strong>and</strong> is unaudited:<br />
Unaudited Supplementary Schedule<br />
- detailed income statement 39<br />
Sibusiso Maphumulo, Angel (with soccer<br />
ball), 1998. Wood, poker work. 56.2 x 16<br />
x 9.2 cm. St<strong>and</strong>ard Bank Collection (Wits<br />
Art Museum) (photograph: Cliff Shain)<br />
01
02<br />
SIKKIE<br />
KAJEE<br />
Chairman's<br />
Statement<br />
On behalf of the Board of Directors, it is my<br />
pleasure to submit the Annual Report of<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>, to members<br />
<strong>and</strong> the Minister of <strong>Arts</strong> & Culture, the<br />
Honourable Ms Lulama Xingwana<br />
The 2009/10 fiscal year was characterised by the<br />
after effects of the global economic crisis of 2008.<br />
At home, we saw this translate into a reduction in arts<br />
sponsorships <strong>and</strong> the freezing of business marketing<br />
budgets. In addition, the hype around the Football World<br />
Cup, has also ensured that very little new sponsorship of<br />
the arts has materialised. Nevertheless we are pleased to<br />
report that <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> has managed<br />
to leverage a total spend of R16,329,587.42 in the arts with<br />
our Supporting Grants budget, alone.<br />
At <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>, the Board made a<br />
decision to ensure that we had sufficient reserves to last<br />
at least six months in the event of the withdrawal of any<br />
major funders. This decision has allowed the organisation<br />
to focus on its core m<strong>and</strong>ate, <strong>and</strong> not to be distracted by<br />
the recessionary environment, <strong>and</strong> allowed it to continue<br />
to create <strong>and</strong> leverage partnerships between <strong>Business</strong><br />
<strong>and</strong> the <strong>Arts</strong>. We are continuing with the repositioning<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>, to ensure that we diversify<br />
our funding sources <strong>and</strong> ensure long term sustainability.<br />
With regards to corporate governance, we believe that<br />
we will be able to apply most of the key principles of the<br />
King III report on Corporate Governance. To this end, we<br />
will perform an assessment of our practices <strong>and</strong> report on<br />
this in future. Our annual report, has always taken the form<br />
of an integrated report <strong>and</strong> we will continue to strive to<br />
improve on this as envisaged by King III.<br />
Finally, I would like to thank all my colleagues on the Board<br />
for their support in my role as Chairman. A special thank<br />
you to Lindie Engelbrecht <strong>and</strong> Sureshnee Moodliar, who<br />
have decided to step down after many years of service.<br />
Also, to Michelle Constant, our CEO, <strong>and</strong> her team, a big<br />
thank you for the great work. It continues to amaze me<br />
that we achieve so much “bang for our buck” with such a<br />
small team.<br />
I respectfully hereby present to the Honourable Minister of<br />
<strong>Arts</strong> <strong>and</strong> Culture, our Annual Report for the year ended 31<br />
March <strong>2010</strong>.<br />
Sikkie Kajee<br />
Chairman<br />
28 July <strong>2010</strong><br />
Andrew Dosunmu, Images from <strong>Africa</strong>n<br />
Cup of Nations, Launda, Angola (Stadium<br />
at Lu<strong>and</strong>a, Angola), <strong>2010</strong>. Digital Print.<br />
200 x 150 cm. Private Collection<br />
Andrew Dosunmu, Images from <strong>Africa</strong>n<br />
Cup of Nations, Launda, Angola, <strong>2010</strong>.<br />
Digital Print. 200 x 150 cm.<br />
Private Collection
04<br />
VISION<br />
To attract corporate<br />
sector support for<br />
the arts <strong>and</strong> culture,<br />
whether financial or<br />
in kind, <strong>and</strong> to lift<br />
the profile of the<br />
arts <strong>and</strong> artists<br />
within <strong>South</strong> <strong>Africa</strong>.<br />
& MISSION<br />
To promote mutually<br />
beneficial, equitable,<br />
<strong>and</strong> sustainable<br />
business arts<br />
partnerships that<br />
will,over the long term,<br />
benefit the broader<br />
community.<br />
Both the vision <strong>and</strong> the mission are premised on the belief<br />
that the arts <strong>and</strong> culture have real value for all <strong>South</strong><br />
<strong>Africa</strong>ns – for individuals, for communities <strong>and</strong> ultimately<br />
for the growth of civil society. <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong><br />
<strong>Africa</strong> was founded in 1997 as a joint initiative of the<br />
Department of <strong>Arts</strong> <strong>and</strong> Culture <strong>and</strong> the corporate sector,<br />
as part of a strategy to secure greater involvement in the<br />
arts a from businesses operating within <strong>South</strong> <strong>Africa</strong>.<br />
Established as a section 21 company, <strong>Business</strong> <strong>and</strong> <strong>Arts</strong><br />
<strong>South</strong> <strong>Africa</strong> is accountable to its stakeholders – to<br />
government, its corporate members <strong>and</strong> to the arts<br />
community. <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> is constituted<br />
in terms of the Companies Act <strong>and</strong> is registered as a public<br />
benefit organisations. Its delisting as a Schedule 3 entity<br />
has seen <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> register for VAT.<br />
M<strong>and</strong>ated to promote <strong>and</strong> encourage mutually beneficial<br />
<strong>and</strong> sustainable business-arts partnerships, <strong>Business</strong> <strong>and</strong><br />
<strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> accepts that there are generally two tiers<br />
of funding or support for the arts from business. The bulk<br />
of corporate sector funding continues to come through<br />
charitable foundations or donor agencies, consistently<br />
positioning arts <strong>and</strong> culture as a worthy cause or charity:<br />
an unintended, <strong>and</strong> often unfortunate, consequence of this<br />
is that the arts are obliged to compete with pressing social<br />
needs where they run a poor loser. Increasingly, though,<br />
corporate <strong>South</strong> <strong>Africa</strong> is aligning with the arts as a viable<br />
<strong>and</strong> cost effective area of sponsorship.<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> is committed to identifying<br />
opportunities within the arts for its business members,<br />
whether from a marketing or Corporate Social Investment<br />
(CSI) perspective.<br />
Indeed, many arts programmes offer clear engagement<br />
across spheres of corporate activity, something few<br />
alternatives can provide. To achieve this, it is essential<br />
that <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> sustain engagement<br />
with the corporate sector, in particular its own corporate<br />
members, <strong>and</strong> with the arts sector with specific focus on<br />
improving its profile <strong>and</strong> growing better business skills.<br />
Through its diverse projects the Supporting Grant Scheme,<br />
Special Projects, Mentorship Programme, the <strong>Arts</strong>track,<br />
the Best Case Seminar <strong>and</strong> its bespoke consulting service
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> continues to drive change<br />
in corporate sector thinking.<br />
While encouraging the business sector to see arts<br />
sponsorship as strategic business opportunity is<br />
fundamental to our philosophy, it is equally important to<br />
engender broader underst<strong>and</strong>ing of the role the arts can<br />
play within the socio-economic framework. Experience<br />
shows that the arts <strong>and</strong> culture can be <strong>and</strong> are, effectively<br />
integrated within education, skills-development, urban<br />
<strong>and</strong> rural regeneration, job creation, health <strong>and</strong> tourism.<br />
Less immediately tangible, but no less important, is their<br />
accepted value in addressing poverty of the mind,<br />
fighting social exclusion <strong>and</strong> thus growing civil society.<br />
Joachim Schonfeldt, Soccer City Soweto,<br />
<strong>2010</strong>. Oil paint <strong>and</strong> varnish on h<strong>and</strong>embossed<br />
Oregon pine panel. 73 cm<br />
(largest dimension). Private Collection<br />
(photograph: Wayne Oosthuizen) 05
06<br />
Johannes Segogela, Nkosi Sikelele, 1996.<br />
Wood, paint. Tallest figure 35 x 5.9 cm.<br />
St<strong>and</strong>ard Bank Collection of <strong>Africa</strong>n Art<br />
(Wits Art Museum)<br />
(photograph: Wayne Oosthuizen)
MICHELLE<br />
CONSTANT<br />
Chief Executive<br />
Officer’s Review<br />
“We do not know how long this crisis will last<br />
<strong>and</strong> how deep it will become. But when it is<br />
over, those who have invested in creativity<br />
<strong>and</strong> innovation will find themselves<br />
well ahead of the pack.” Jan Figel, EU<br />
Commissioner for Education, Training,<br />
Culture <strong>and</strong> Multilinguilism<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> Highlights of 2009/<strong>2010</strong><br />
- Growth in arts sponsorship, approx R350 million, as<br />
tracked by BMI BASA <strong>Arts</strong>track Research<br />
- Supporting Grant Leverage R1: R16<br />
- Increase in entries by nearly 40% for the 13th Annual<br />
<strong>Business</strong> Day BASA Awards, supported by Anglo<br />
American<br />
- Growth in media coverage of both <strong>Business</strong> <strong>and</strong> <strong>Arts</strong><br />
<strong>South</strong> <strong>Africa</strong>, <strong>and</strong> its members, over the last 12 months<br />
- Growth in page views on website, both nationally <strong>and</strong><br />
internationally<br />
In 2009/<strong>2010</strong> <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> continued to<br />
address its m<strong>and</strong>ate, despite budgetary challenges from<br />
the business environment.<br />
There is no doubt that the last year has been one of<br />
the most challenging yet for the arts, not only in <strong>South</strong><br />
<strong>Africa</strong>, but globally as well. The impact of the recession<br />
is ongoing, <strong>and</strong> businesses internationally <strong>and</strong> locally<br />
continue to deal with the fallout of the recession. Likewise<br />
the <strong>2010</strong> FIFA World Cup, despite being a powerful nationbuilding<br />
tool, saw a shift of Marketing <strong>and</strong> CSI budgets<br />
away from the arts arena in many cases.<br />
Nevertheless at <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>, the goal<br />
remains the same – a perfectly matched partnership<br />
where everyone is successfully engaged; <strong>and</strong> one, which<br />
grows diverse communities from seed to strength to<br />
sustainability.<br />
As can been seen from our many projects in the Strategic<br />
Overview, we continue to act as a facilitator <strong>and</strong> connector.<br />
Furthermore, we have used the year to drive two areas<br />
of focus. The first, with a specific focus on business, has<br />
been to actively promote the value of supporting the arts,<br />
even in these difficult times. This has been done through<br />
high-end advocacy <strong>and</strong> a bespoke research offering for<br />
members. This research has focused on the different<br />
needs <strong>and</strong> goals of business - geographic, genre specific,<br />
marketing challenges etc. The success of this has been<br />
noted, <strong>and</strong> in the new financial year we are looking to<br />
exp<strong>and</strong> this offering, at a nominal fee for our members.<br />
The release of our BMI BASA <strong>Arts</strong>track Research 2009,<br />
earlier this year, also offered valuable insight into the<br />
<strong>Arts</strong> Funding Environment. This year, we also made<br />
presentations to businesses <strong>and</strong> <strong>Business</strong> School MBA<br />
students, with the idea that new measurement tools<br />
might be imagined, as regards “Return on Investment” for<br />
arts support. As regards cultural advocacy, over the last<br />
financial year I was able to represent <strong>Business</strong> <strong>and</strong> <strong>Arts</strong><br />
<strong>South</strong> <strong>Africa</strong>, <strong>and</strong> its members, at the International Forum<br />
for Cultural Diplomacy in Spain <strong>and</strong> the MIDEM Music Fair<br />
in France. I am extremely appreciative of the opportunities,<br />
that both offered.<br />
The second area of support has been in the arena of<br />
education <strong>and</strong> development, for the arts community.<br />
Crucially the <strong>Arts</strong>track research has shown us that business<br />
requires the arts to be more organized in their approach<br />
to sponsorship <strong>and</strong> financial support. Our BASA Mentorship<br />
Programme, now supported by St<strong>and</strong>ard Bank, continues<br />
to grow around the country. Currently we have around 55<br />
Mentors who use their knowledge <strong>and</strong> talents to develop<br />
arts organisations, growing their skills <strong>and</strong> sustainability.<br />
07
08<br />
As example, VANSA Western Cape has seen its funding<br />
grow from R320,000 in 2009 to R1 million in <strong>2010</strong>,<br />
thanks partly to the input of mentors Patrick Seager of<br />
Plascon, <strong>and</strong> Gordon Massie of Artinsure. The estimated<br />
value of the current, active mentors’ consulting time over<br />
one year is R1.1 million. We must also say thank you to<br />
Barloworld who originally saw fit to support this project in<br />
its inception. Thank you too, to St<strong>and</strong>ard Bank, who have<br />
decided to support the project further, as part of their arts<br />
development m<strong>and</strong>ate.<br />
In order to grow access to arts information, <strong>Business</strong> <strong>and</strong><br />
<strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> has partnered with the Ilanga newspaper<br />
in KwaZulu Natal. The Ilanga partnership complements<br />
our diverse media partnerships highlighting the role of<br />
business <strong>and</strong> arts in society – Summit TV, Classicfm, SAfm,<br />
Ofm <strong>and</strong> 1485. We are also extremely grateful to <strong>Business</strong><br />
Day newspaper <strong>and</strong> Wanted magazine for their continued<br />
support of the work that <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>,<br />
<strong>and</strong> it’s members, do.<br />
Also with a focus on development, <strong>Business</strong> <strong>and</strong> <strong>Arts</strong><br />
<strong>South</strong> <strong>Africa</strong> continues to support the H<strong>and</strong>s On! Masks<br />
Off! workshop at the National <strong>Arts</strong> festival. This free 10<br />
day workshop focuses on new media, marketing, financial<br />
<strong>and</strong> business skills for arts practitioners. In September<br />
last year, with the support of the NAF, Cultural Help<br />
Desk, Nedbank’s <strong>Arts</strong> <strong>and</strong> Culture Trust, <strong>and</strong> <strong>Arts</strong> Alive,<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> brought H<strong>and</strong>s On! Mic<br />
Off! to the Moshito Music Conference. Furthermore<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> partnered with member<br />
Matchboxology, to create a h<strong>and</strong>book on the <strong>Business</strong> of<br />
Music. The book is now available to artists at a nominal fee.<br />
The future aim, funding permitting, would be to see these<br />
workshops taking place at festivals nationwide, with the<br />
support of the NAF. <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> is also<br />
currently in discussion with the Rhodes Investec <strong>Business</strong><br />
School on the creation of an NQF Certificate of <strong>Arts</strong><br />
Entrepreneurship. The Certificate for school leavers would<br />
include the following outcomes: Innovation <strong>and</strong> Vision,<br />
Financial Management, <strong>and</strong> <strong>Business</strong> Planning.<br />
As regards our Supporting Grants Scheme, we are<br />
profoundly grateful to the Department of <strong>Arts</strong> <strong>and</strong><br />
Culture for their vision <strong>and</strong> continued support. The Grants<br />
encompass a diverse range of artistic activity; this year<br />
we saw particular growth in education <strong>and</strong> development,<br />
<strong>and</strong> wherever possible we were able to leverage these<br />
partnerships through our media partners. I am proud to<br />
say that we continue to have a leverage of around 1:16. It is<br />
important to highlight that the figures noted in this Report,<br />
are specifically for applications that come through this<br />
scheme <strong>and</strong> do not represent the entire arts sponsorship<br />
figures in the country.<br />
This year's Annual <strong>Business</strong> Day BASA Awards, supported<br />
by Anglo American - taking place on August 30th <strong>2010</strong> -<br />
have also seen some changes. This year we went online<br />
with the entries, <strong>and</strong> were delighted to see a growth of<br />
nearly 40% as regards entries. We also introduced two<br />
new awards – the Innovation awards <strong>and</strong> the Champion of<br />
the <strong>Arts</strong> Award. The aim of the latter is to drive individual<br />
giving <strong>and</strong> philanthropy in the arts, <strong>and</strong> to recognize<br />
business leaders, who make a real difference to the arts<br />
l<strong>and</strong>scape, owing to their personal passion; this, in line<br />
with the focus on sustainability <strong>and</strong> the triple bottom line,<br />
in the King III Report.<br />
As regards Sustainability, credit must be paid to Old<br />
Mutual, ABSA <strong>and</strong> St<strong>and</strong>ard Bank for their ongoing<br />
support of three major cultural projects. The Old Mutual<br />
National Choir Festival has been running for 33 years, of<br />
which Old Mutual has supported 22 years. Likewise ABSA’s<br />
ongoing support of the ABSA L’Atelier Art Competition<br />
<strong>and</strong> St<strong>and</strong>ard Bank’s support of the St<strong>and</strong>ard Bank Young<br />
Artist Award, both for well over twenty years, deserve<br />
recognition.<br />
On the CSI front, this year, <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong><br />
established its own CSI project. We currently support<br />
Progressive Primary School in Hillbrow, Johannesburg,<br />
supporting the students with opportunities to attend<br />
theatrical events. My thanks go to our intern Karabo<br />
Legoabe for her facilitation of the project.<br />
And finally, the <strong>2010</strong> FIFA World Cup: In support of the<br />
event, <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> presented arts<br />
opportunities to diverse businesses, including FNB, ACSA<br />
<strong>and</strong> Telkom. The BASA website highlighted members with<br />
cultural involvement during the month, <strong>and</strong> in keeping with<br />
the wonderful spirit engendered, we thank St<strong>and</strong>ard Bank<br />
for the usage of the images in this Annual Report. They are
from the Halakasha Exhibition, the soccer art exhibition,<br />
which ran during the month of the FIFA World Cup.<br />
In closing, I would like to thank our Board, <strong>and</strong> Chairman,<br />
Mr. Sikkie Kajee, who have been on h<strong>and</strong> with support<br />
<strong>and</strong> advice, to the <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> team<br />
for their ongoing hard work, to our business members for<br />
their engagement, <strong>and</strong> finally to the arts community who<br />
continue to create, often against the odds.<br />
Michelle Constant<br />
Chief Executive Officer<br />
28 July <strong>2010</strong><br />
Collen Maswanganyi, Banyana Banyana<br />
soccer player, 2000. Wood, paint. 85<br />
x 19 x 17 cm. St<strong>and</strong>ard Bank Collection<br />
of <strong>Africa</strong>n Art (Wits Art Museum)<br />
(photograph: Cliff Shain)<br />
09
GOVERNANCE<br />
For the year ended<br />
31 March <strong>2010</strong><br />
All Board <strong>and</strong> committee members serve on a voluntary<br />
basis, <strong>and</strong> receive no remuneration from <strong>Business</strong> <strong>and</strong> <strong>Arts</strong><br />
<strong>South</strong> <strong>Africa</strong> for their time <strong>and</strong> expertise<br />
Three board meetings are held annually; all are duly<br />
constituted <strong>and</strong> quorate. One Annual General Meeting<br />
is held annually, it is duly constituted <strong>and</strong> quorate.<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> wishes to thank KPMG for<br />
conducting a Risk Assessment for the year ended 31 March<br />
<strong>2010</strong>.<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> records that its auditors,<br />
Grant Thornton, annually conducts 5 r<strong>and</strong>om factual<br />
finding engagements of funded projects, to satisfy the<br />
Board that projects are properly conducted <strong>and</strong> comply<br />
with the terms <strong>and</strong> conditions of the <strong>Business</strong> <strong>and</strong> <strong>Arts</strong><br />
<strong>South</strong> <strong>Africa</strong> Supporting Grant Scheme.<br />
Audit Committee: Ms. L. Engelbrecht (Chairman), Mr.<br />
S. Kajee, Dr. I. May. The audit committee meets twice to<br />
review the 6 month interim review <strong>and</strong> year end financial<br />
statements.<br />
Executive Committee: Executive Committee meetings<br />
were held subject to the availability of Board members.<br />
Four Executive Committee meetings were held during<br />
the financial year ended 31 March <strong>2010</strong>, supplemented<br />
by inclusion of Exco functions at the Board meetings<br />
throughout the year. The Board agreed that, as there was<br />
considerable overlap across committees, the contribution<br />
made by various individuals be rationalised, with the<br />
functions of the Human Resources <strong>and</strong> Audit Committee<br />
where possible being combined with Executive Committee<br />
meetings.<br />
The core Executive Committee comprises: Mr. S.<br />
Kajee (Chairman) Dr. I. May (Deputy Chairman), Mr. R.<br />
Cock, Ms. G. Palacious-Flusk<br />
All directors are invited to attend Executive Committee<br />
meetings, should they be available, to ensure valuable<br />
ideas <strong>and</strong> insights are exchanged.<br />
Human Resource Committee: Executive Committee<br />
members make up the Human Resource Committee as<br />
follows: Dr. I. May (Deputy Chairman), Ms. G. Palacios –<br />
Flusk, Ms. F. Thom<br />
10<br />
Jackson Hlungwane,<br />
Christ Right foot forward, 1987. Wood. 64 x<br />
48 cm. Collection Peter <strong>and</strong> Diane Rich<br />
(photograph: Fiona Rankin-Smith)<br />
Jackson Hlungwane,<br />
H<strong>and</strong> of God (back <strong>and</strong> front), 1989. Wood.<br />
88.5 x 55 cm. Collection: Karel Nel<br />
(photograph by Russel Scott)
Human resource management<br />
for the year ended 21 March <strong>2010</strong><br />
Funders<br />
department of arts <strong>and</strong> culture<br />
board of directors<br />
corporate members of basa<br />
audit committee<br />
CHIEF Executive officer<br />
executive committee<br />
human resources Committee<br />
marketing <strong>and</strong> operations manager<br />
Client Liaison Officer<br />
executive assistant<br />
intern<br />
3 regional representatives<br />
(Part time)<br />
general assistant<br />
mentorship programme<br />
coordinator (part time)<br />
Personnel costs 2009/<strong>2010</strong><br />
R'000<br />
Total Expenditure 6549<br />
Personnel 1611<br />
Skills Development Levy 20<br />
Pension fund / retirement annuity 5<br />
Medical benefits 7<br />
Unemployment insurance fund 6<br />
Average personnel cost per employee 2<br />
Personnel costs as % of total expenditure 25%<br />
Average personnel cost per employee 183<br />
(includes 6 full time at BASA head office<br />
<strong>and</strong> 3 regional representatives)<br />
Labour Relations<br />
The post of Marketing Manager was created<br />
There were no disciplinary hearings during<br />
the period<br />
Employment Equity<br />
(BASA full time staff at Head Office)<br />
Management<br />
1 White Female<br />
Middle Management<br />
1 Coloured Male<br />
2 <strong>Africa</strong>n Females<br />
1 Coloured Female<br />
Lower skilled<br />
1 <strong>Africa</strong>n Female<br />
Allowance<br />
There were no overtime, housing or other allowances made<br />
HIV/AIDS Prevention & Health Promotion Programme<br />
Given the size of <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>, no formal programme has been instituted, separate from the HR policy.<br />
A complete HR policy is in place, which includes health <strong>and</strong> safety.<br />
11
12<br />
STRATEGIC<br />
OVERVIEW<br />
In Relation To Key<br />
Objectives For<br />
The Year Ended<br />
31 March <strong>2010</strong><br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> is m<strong>and</strong>ated to build<br />
<strong>and</strong> secure partnerships between business <strong>and</strong> the<br />
arts, servicing both sectors in ways that will achieve<br />
this objective. While <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong><br />
must promote its own identity to maintain its profile as<br />
an agency for partnership <strong>and</strong> support, this platform is<br />
extensively leveraged on behalf of business <strong>and</strong> of the<br />
arts. <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>’s strategies <strong>and</strong><br />
related activities are ongoing <strong>and</strong> for the most part linked<br />
with the flexibility to support all stakeholders: business,<br />
arts organisations <strong>and</strong> government.<br />
Importantly this year, <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong><br />
has focussed on increasing the value add for members,<br />
this in a difficult period of economic downturn, <strong>and</strong><br />
job loss. The organisation has also changed the basis<br />
on which memberships were recorded. In prior years,<br />
memberships would run for 12 months from the beginning<br />
of the financial year. Memberships are now instated from<br />
calendar date of payment. The membership therefore<br />
runs for twelve months from the calendar month of<br />
payment. Thus whilst it may appear that membership<br />
fees have dropped; it is a factor of this change <strong>and</strong> not a<br />
major loss of members. Whilst we have seen a small drop<br />
in membership, owing to the economic challenges <strong>and</strong><br />
even a shifted focus on the World Cup, we currently have<br />
around 150 paid-up members.<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> continues to position<br />
itself as a resource for its members in terms of insights,<br />
knowledge <strong>and</strong> information, <strong>and</strong> it is essential that<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> develop personal contact<br />
with its members. Member companies are regularly<br />
informed of appropriate sponsorship opportunities for<br />
them, they also receive bespoke research on request.<br />
(As of the new Financial Year personalised <strong>and</strong> extensive<br />
Research will be billed for.) Where appropriate, member<br />
companies may be featured through the media platforms<br />
that <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> supports. <strong>Business</strong><br />
<strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>, either independently or working<br />
with an arts organisation or one of its corporate members,<br />
continues to host events for its members; very often this<br />
affords exclusive access <strong>and</strong> an enjoyable networking<br />
opportunity. Through <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>,<br />
members may invite fellow member companies to their<br />
own events. In addition, they are apprised of forthcoming<br />
arts/cultural events they may wish to attend.<br />
In the strategy for 08-10, <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong><br />
has focussed on three areas of address: These are –<br />
Restructuring <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>’s internal<br />
organisation; Growing institutional marketing <strong>and</strong> value for<br />
our stakeholders; <strong>and</strong> Supporting the Department of <strong>Arts</strong><br />
<strong>and</strong> Culture vision of ‘culture as a means to grow social<br />
cohesion, economic growth <strong>and</strong> nation-building’ as stated<br />
in the Strategic Plan of 2008/2009 -<strong>2010</strong>/2011. This year<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> also highlighted business<br />
support of culture in preparation for the World Cup, in<br />
support of the DAC strategy.<br />
RESTRUCTURING<br />
INTERNAL ORGANISATION<br />
The following restructuring has occurred at <strong>Business</strong><br />
<strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>: Implementation of KPA’s <strong>and</strong><br />
job trajectories; creation of a formal HR Policy <strong>and</strong><br />
implementation of a Staff Training Policy. The position<br />
of Marketing <strong>and</strong> Operations Manager has been created<br />
<strong>and</strong> <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> now offers an annual<br />
Internship programme. The organisation also has the ongoing<br />
pro-bono support of Wynn HR Consultancy.
GROWING INSTITUTIONAL<br />
MARKETING AND VALUE<br />
FOR OUR STAKEHOLDERS –<br />
BUSINESS AND ARTS<br />
In order to grow <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>’s<br />
institutional br<strong>and</strong> positively in both the arts <strong>and</strong> business<br />
sectors, <strong>and</strong> in creating value for our stakeholders, the<br />
following have been implemented, <strong>and</strong> /or continue to be<br />
facilitated:<br />
I<br />
Hiring of Marketing <strong>and</strong> Operations Manager<br />
Germaine Gamiet<br />
II<br />
Re-launched Logo highlighting <strong>Business</strong> <strong>and</strong> <strong>Arts</strong><br />
<strong>South</strong> <strong>Africa</strong> (as opposed to acronym BASA) as an<br />
energetic, engaged <strong>and</strong> present organisation<br />
III<br />
Re-launched interactive website with rapid <strong>and</strong><br />
constant updates, highlighting the sector <strong>and</strong> arts projects<br />
IV<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> <strong>Arts</strong>track<br />
Research (the fourth in a series of documents reporting<br />
on the attitudes of the corporate sector, general public <strong>and</strong><br />
the media) was made available to our members <strong>and</strong> the<br />
DAC in January <strong>2010</strong>. This is a valuable tool in advocating<br />
greater involvement by the corporate sector, as it tracks<br />
audiences <strong>and</strong> interest levels across arts disciplines.<br />
V<br />
Implemented monthly eBulletin for members with<br />
best practice case studies <strong>and</strong> information around projects<br />
requiring support.<br />
VI<br />
Regular press releases to the media on the work of<br />
members.<br />
VII<br />
Events <strong>and</strong> Best Practice Seminars for members<br />
This year our members enjoyed a series of art events<br />
nationwide<br />
VIII<br />
Bespoke Consultancy for members<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> has become an important<br />
resource, tracking information as diverse as visual artists<br />
in the Eastern Cape, to funding models of choral music<br />
nationwide, for members. Responding to the World Cup,<br />
the organisation has detailed the input of members into<br />
the arts during this period on its website, as part of the<br />
country’s legacy.<br />
IX<br />
Advocacy<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> continues to make<br />
interventions in areas it considers critical for the<br />
sustainability of the arts sector.<br />
i. The <strong>Arts</strong> <strong>and</strong> Taxation - Since 2001, with assistance<br />
from Webber Wentzel Bowens in preparation of<br />
relevant documentation, <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong><br />
has raised the issue of tax deduction for giving to the<br />
arts with the Minister of Finance <strong>and</strong> the Minister of<br />
<strong>Arts</strong> <strong>and</strong> Culture. It is <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>’s<br />
contention that such philanthropy or donation would<br />
be encouraged by deductions being made available in<br />
the h<strong>and</strong>s of the donor; <strong>and</strong> that example elsewhere<br />
demonstrates how a culture of philanthropy contributes<br />
to infrastructural investment <strong>and</strong> skills development,<br />
from which flows employment <strong>and</strong> regeneration.<br />
X<br />
Regional Representatives<br />
The regional representatives, currently active in KwaZulu<br />
Natal, Western <strong>and</strong> Eastern Cape, are effective in building<br />
awareness of <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>’s activities<br />
in their regions, as reflected by growth in membership,<br />
supporting grant activity, mentoring <strong>and</strong> entries for the<br />
BASA Awards. Their presence offers arts <strong>and</strong> business<br />
a direct resource <strong>and</strong> personal relationship, <strong>and</strong> drives<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> activities in their region.<br />
13
14<br />
XI<br />
BASA Awards<br />
The annual <strong>Business</strong> Day BASA Awards supported<br />
by Anglo American highlight <strong>and</strong> recognize effective<br />
business - arts partnership, where both parties derive<br />
benefit. The 2009 event proved to be very successful<br />
with a Key Note Address by the Minister of <strong>Arts</strong> <strong>and</strong><br />
Culture Ms Lulama Xingwana. The continued support<br />
<strong>and</strong> sponsorship of the Awards by Anglo American, a<br />
founding member of <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>, <strong>and</strong><br />
<strong>Business</strong> Day has considerably leveraged the profile of the<br />
awards <strong>and</strong> of those participating. 2009 saw captains of<br />
industry, members of government <strong>and</strong> the arts community<br />
attending. Media coverage was extensive (R1.8 million),<br />
<strong>and</strong> additional support for the event itself came from<br />
Distell <strong>and</strong> the venue, the forum|turbine hall. Entries<br />
for the 12th Annual Awards, presented in August 2009,<br />
increased from previous years, again demonstrating new<br />
original thinking <strong>and</strong> reflecting strategic partnership rather<br />
than philanthropy.<br />
XII<br />
BUSINESS AND ARTS SOUTH AFRICA<br />
SUPPORTING GRANT SCHEME<br />
Funded by an annual allocation from the Department<br />
of <strong>Arts</strong> <strong>and</strong> Culture, this scheme continues to serve as<br />
a mechanism through which business <strong>and</strong> the arts can<br />
engage <strong>and</strong> achieve mutual benefit. Our Supporting<br />
Grant scheme remains a key device to attract partnership<br />
between business <strong>and</strong> the arts, providing marketing<br />
support for arts organisation to publicise their business<br />
partnership. It also allows for databasing of business<br />
<strong>and</strong> arts organisations who are engaging in equitable<br />
synergies. As part of this process we continue to highlight<br />
the need for good business skills <strong>and</strong> governance in arts<br />
organisations. The spread of grants continues to reflect<br />
the local of major business activity, but <strong>Business</strong> <strong>and</strong> <strong>Arts</strong><br />
<strong>South</strong> <strong>Africa</strong> actively encourages submissions from rural<br />
<strong>and</strong> peri-urban areas on the basis of working with smaller,<br />
local business. This year saw small, but new growth of<br />
applications from Eastern Cape <strong>and</strong> Western Cape. The<br />
grants encompass a wide range of activity attracting<br />
corporate sector support <strong>and</strong> where possible <strong>Business</strong><br />
<strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> leverages the arts or cultural event<br />
further through its own media partnership. Supporting<br />
grants of R1 243 750 leveraged a further R16 329 587.42<br />
(Note that this figure represents only applications coming<br />
through <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>, <strong>and</strong> does not<br />
represent the entire arts sponsorship picture). Auditors<br />
Grant Thornton continues to perform r<strong>and</strong>om factual<br />
finding engagements on projects conducted during the<br />
preceding year; to date no anomalies have been reported.<br />
XIII<br />
Media Partnerships<br />
These were introduced by <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong><br />
to counter the relative lack of media coverage of the arts.<br />
The content is geared to address different objectives.<br />
i. To mainstream the arts <strong>and</strong> cultural activity<br />
ii. To promote <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>’s profile<br />
within the business sector<br />
iii. To promote <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>’s profile<br />
within the arts sector<br />
iv. To promote <strong>Business</strong> support of the <strong>Arts</strong><br />
Different long-running partnerships have been established,<br />
<strong>and</strong> <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> has initiated two new<br />
partnerships, notably with the Ilanga Newspaper <strong>and</strong><br />
Ofm Radio Station, both of which have large geographical<br />
footprints <strong>and</strong> differentiated audience reach.<br />
− Ilanga Newspaper<br />
− OFM<br />
− SAFM Current Affairs “Create”<br />
− Summit TV “The <strong>Business</strong> of the <strong>Arts</strong>”<br />
− Classic FM “No Jacket Required”<br />
− Radio 1485 “BASA Today”<br />
Whilst not a partner, <strong>Business</strong> Day continues to offer<br />
extremely valuable support <strong>and</strong> coverage through its CSI<br />
column, written by Katy Chance, <strong>and</strong> its Wanted magazine.<br />
XIV<br />
BASA Mentorship Programme, supported by St<strong>and</strong>ard<br />
Bank: The Mentorship programme provides skilled,<br />
experienced business mentorship to arts organisations<br />
around the country. Mentors are recruited from different<br />
businesses in the fields of marketing, IT, accounting, law,<br />
management consulting, etc, giving guidance to diverse<br />
arts organisations, ranging from theatre, dance, music,<br />
to the visual arts, literacy <strong>and</strong> craft. The Programme now
operates in five provinces (Gauteng, Limpopo, Western<br />
Cape, Kwa-Zulu Natal <strong>and</strong> the Eastern Cape) with a focus<br />
on urban areas, extending the reach into peri-urban areas.<br />
Mentors are recruited from businesses in the regions.<br />
There are now over 50 mentors (active or on sabbatical)<br />
<strong>and</strong> mentees around the country. The estimated value of<br />
the current, active mentors’ consulting time over one year<br />
is R1.1 million. This year, the Mentorship Programme, which<br />
has been running since 2005, said goodbye to it’s original<br />
sponsor Barloworld, to whom we are extremely grateful.<br />
With a goodbye, came a hello, <strong>and</strong> we welcome St<strong>and</strong>ard<br />
Bank onboard as the new naming sponsor.<br />
XV<br />
Boardbank SA<br />
<strong>Arts</strong> Organisations are increasingly required to articulate<br />
their BBEEE status, particularly when seeking funding.<br />
Flowing from this <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> has<br />
partnered with Empowerdex to source black professionals<br />
willing to volunteer to serve on not for profit Boards of<br />
cultural organisations.<br />
XVI<br />
Workshops <strong>and</strong> Seminars<br />
In line with government’s medium term strategic<br />
framework, the central objective of which is to set the<br />
country on a sustainable growth trajectory, <strong>Business</strong> <strong>and</strong><br />
<strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> has made a strategic shift to funding<br />
artistic vision <strong>and</strong> basic business skills workshops around<br />
the country in support of sustainability <strong>and</strong> empowerment<br />
of the arts community. National partnerships with the<br />
National <strong>Arts</strong> Festival, <strong>and</strong> the Moshito Conference<br />
took place, <strong>and</strong> included talks on marketing, business<br />
funding <strong>and</strong> entrepreneurship. The NAF H<strong>and</strong>s On<br />
Masks Off Workshops partnership is now in its third<br />
year, <strong>and</strong> <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> is currently in<br />
discussion to take the project nationwide, through the<br />
NAF. Currently <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> also runs<br />
workshops, as a function of the Mentorship Programme.<br />
Overall this appears to have triggered a new approach to<br />
organisational skills by the cultural community, as well as<br />
Entrepreneurial Skills Workshops by diverse facilitators<br />
nationwide e.g The Art Source Artist Workshops.<br />
XVII<br />
Implemented regular communication<br />
With national database of arts organisations as part of<br />
the empowerment of arts organisations <strong>and</strong> cultural<br />
communities, <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> has<br />
implemented regular communication to its cultural<br />
database. This information includes national jobs offers,<br />
market-related stories, reviews <strong>and</strong> more.<br />
XVIII<br />
Pro bono Assistance <strong>and</strong> Advocacy<br />
Deneys Reitz continues to offer pro bono advice <strong>and</strong><br />
assistance to bona fide arts <strong>and</strong> culture organisations<br />
identified <strong>and</strong> introduced by <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong><br />
<strong>Africa</strong>, across a range of issues, giving the arts sector<br />
access to top quality legal expertise. This year Bell Dewar<br />
gave pro bono assistance to <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong><br />
<strong>Africa</strong>, supporting queries <strong>and</strong> research.<br />
SUPPORT OF DEPARTMENT<br />
OF ARTS AND CULTURE<br />
VISION<br />
i. Fourth World Summit on <strong>Arts</strong> <strong>and</strong> Culture: <strong>Business</strong><br />
<strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> was a Supporting Sponsor of<br />
the event, <strong>and</strong> Michelle Constant, CEO, sat on the NAC<br />
Advisory Committee in preparation for the event.<br />
ii. Michelle Constant represented <strong>South</strong> <strong>Africa</strong> at the<br />
World Forum on Cultural Diplomacy in Spain, where she<br />
was asked to present a paper on the BASA model, <strong>and</strong><br />
it’s projects.<br />
iii. <strong>2010</strong> FIFA World Cup: In support of the World Cup,<br />
<strong>and</strong> the Department of <strong>Arts</strong> <strong>and</strong> Culture objectives,<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> engaged in diverse<br />
projects.<br />
• <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> presented to members<br />
on request, a diverse list of projects requiring funding<br />
<strong>and</strong> support. Thereafter the organisation facilitated<br />
further discussions with both business <strong>and</strong> arts<br />
organisation.<br />
15
• The <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> Website hosted an<br />
updated list of all <strong>Business</strong> supporting cultural events in<br />
preparation for the World Cup.<br />
• Michelle Constant attended the MIDEM Music<br />
Conference, as part of the DAC team, to present a paper<br />
on Music Sponsorship in <strong>South</strong> <strong>Africa</strong>, <strong>and</strong> to host the<br />
evening’s entertainment. <strong>South</strong> <strong>Africa</strong> was country of<br />
honour at MIDEM in preparation for the World Cup.<br />
iv. Facilitation of the Board vision for the John Mohl<br />
Retrospective.<br />
IN SUMMARY<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong> continues to align its<br />
activities with the strategic values of the organisation.<br />
Whilst we are aware that there is substantial crossover<br />
between target markets <strong>and</strong> strategy we look forward<br />
to growing the support of the stakeholders further in the<br />
future.<br />
16<br />
Various Artists, Group of Makarapa<br />
Helmets, undated. Plastic hard hats,<br />
paint, other materials. Largest helmet 40<br />
x 28 x 30 cm. Private Collections<br />
(photograph: Cliff Shain)
18<br />
Grants<br />
& report<br />
back status<br />
Financial year end<br />
31 March <strong>2010</strong><br />
Unknown, Soccer Player, undated.<br />
Wood, paint. 37 x 14 x 9.4 cm.<br />
Democratic Republic of Congo.<br />
St<strong>and</strong>ard Bank Collection of<br />
<strong>Africa</strong>n Art (Wits Art Museum)<br />
(photograph: Cliff Shain)<br />
TOTAL NUMBER OF GRANTS MADE BY<br />
BUSINESS AND ARTS SOUTH AFRICa<br />
AS AT 31 MARCH <strong>2010</strong><br />
Report backs received as at 31 March <strong>2010</strong><br />
Grants made during period 01 April 2009<br />
to 31 March <strong>2010</strong><br />
Report backs received as at 31 March <strong>2010</strong><br />
1055<br />
693<br />
65.7%<br />
44<br />
35<br />
79.54%<br />
Grants by business sector %<br />
Advertising Agency<br />
Educational Institution / University<br />
Financial<br />
Food & Beverage<br />
Foreign Embassy<br />
Foundations/Trusts<br />
Funding Agency<br />
Hotel & Leisure<br />
Industrial<br />
IT/Computer Services<br />
Local Municipality<br />
Media & Entertainment<br />
Mining<br />
Petroleum<br />
Real Estate<br />
Retail<br />
Telecomunications<br />
Transport<br />
Various<br />
3.33%<br />
4.44%<br />
14.44%<br />
13.33%<br />
1.11%<br />
4.44%<br />
1.11%<br />
3.33%<br />
2.22%<br />
1.11%<br />
1.11%<br />
14.44%<br />
1.11%<br />
1.11%<br />
1.11%<br />
12.22%<br />
2.22%<br />
3.33%<br />
14.49%<br />
Grants by arts discipline %<br />
Craft<br />
Dance<br />
Education<br />
Festival<br />
Film<br />
Multi-Discipline<br />
Music<br />
Theatre<br />
Visual Art<br />
2.27%<br />
11.36%<br />
13.64%<br />
6.82%<br />
2.27%<br />
13.64%<br />
22.73%<br />
15.91%<br />
11.36%<br />
% of grants by province<br />
Eastern Cape<br />
Gauteng<br />
KwaZulu Natal<br />
National<br />
North West Province<br />
Western Cape<br />
13.64%<br />
34.09%<br />
11.36%<br />
4.55%<br />
4.55%<br />
31.82%
SPONSORS:<br />
Distell Foundation<br />
Pick n Pay Foundation<br />
HCI<br />
Transnet Foundation<br />
Recipient Organisation: Department of Music - Stellebosch University<br />
Project/Event: Stellenbosch International Chamber Music Festival 2009 Date of Event: 3rd July 2009<br />
Area: Western Cape Type: Music<br />
Supporting Grant: R30 000,00 Date Funded: 30th June 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Anglo American<br />
Steffanuti Stocks<br />
Recipient Organisation: Field B<strong>and</strong> Foundation<br />
Project/Event: Tattoo Date of Event: 1st July 2009<br />
Area: North West Province Type: Music<br />
Supporting Grant: R40 000,00 Date Funded: 30th July 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Gateway Theatre of Shopping<br />
Independant Newspapers<br />
Recipient Organisation: The Heritage <strong>Arts</strong> Festival<br />
Project/Event: Tribal Expressions Date of Event: 22nd September 2009<br />
Area: KwaZulu Natal Type: Multi-Discipline/Visual <strong>Arts</strong><br />
Supporting Grant: R30 000,00 Date Funded: 31st August 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Advertising Empire<br />
Alliance Francaise PE<br />
Recipient Organisation: <strong>Arts</strong> <strong>and</strong> Teaching Initiatives<br />
Project/Event: New Now Next Date of Event: 6th June 2009<br />
Area: Western Cape Type: Visual Art<br />
Supporting Grant: R10 000,00 Date Funded: 29th May 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
The Times<br />
Nu Metro<br />
Recipient Organisation: Encounters Training <strong>and</strong> Development<br />
Project/Event: 11th Encounters <strong>South</strong> <strong>Africa</strong>n International Documentary Festival Date of Event: 18th June 2009<br />
Area: Western Cape Type: Film<br />
Supporting Grant: R35 000,00 Date Funded: 29th May 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Anglogold Ashanti<br />
Recipient Organisation: The Raps Trust<br />
Project/Event: Raps School One-Act Play Festival Date of Event: 18th May 2009<br />
Area: Gauteng Type: Theatre<br />
Supporting Grant: R15 000,00 Date Funded: 29th May 2009<br />
Report Back:<br />
Yes<br />
19
Sponsors:<br />
Classic FM<br />
Alminic Construction (Pty) Ltd<br />
Recipient Organisation: The Chamber Choir Of <strong>South</strong> <strong>Africa</strong><br />
Project/Event: Musical Splendour Date of Event: 17th May 2009<br />
Area: Gauteng Type: Music<br />
Supporting Grant: R25 000,00 Date Funded: 29th May 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Proxy Marketing<br />
Parable Magazine<br />
Recipient Organisation: The Big Time Dance Troupe<br />
Project/Event: Resuurection; He died; He rose Date of Event: 8th July 2009<br />
Area: Eastern Cape Type: Dance<br />
Supporting Grant: R10 000,00 Date Funded: 30th June 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Firstr<strong>and</strong><br />
Recipient Organisation: The <strong>Africa</strong> meets <strong>Africa</strong> Project<br />
Project/Event: Workshop-launch of the educator’s resource <strong>Africa</strong>: Ndebele Women Designing Identity Date of Event: 26th May 2009<br />
Area: Gauteng Type: Education/Visual <strong>Arts</strong><br />
Supporting Grant: R10 000,00 Date Funded: 29th May 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Sangani Private Equity (Pty) Ltd.<br />
Sure Corporate Flywell Travel<br />
Sanganani Private Equity<br />
Recipient Organisation: Leila Anderson<br />
Project/Event: Sleeping with Inkosazana Date of Event: 6th August 2009<br />
Area: Western Cape Type: Theatre<br />
Supporting Grant: R10 000,00 Date Funded: 30th June 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Crafty <strong>Arts</strong><br />
Express Print And Copy<br />
Papermaster<br />
Waltons Stationers<br />
Sunridge Spar<br />
Mastertons Coffee<br />
Aquastamp<br />
Recipient Organisation: East Cape Calligraphers<br />
Project/Event: Carl Rohrs Uncial Update Workshop Date of Event: 21th July 2009<br />
Area: Eastern Cape Type: Education<br />
Supporting Grant: R1 000,00 Date Funded: 30th July 2009<br />
Report Back:<br />
Yes<br />
20<br />
Sponsors:<br />
Red Bull<br />
Recipient Organisation: Tonedef Media cc<br />
Project/Event: Toy-Toy & Red Bull Music Academy Presents Trevor Jackson (Playgroup) Date of Event: 7th April 2009<br />
Area: Gauteng Type: Music<br />
Supporting Grant: R10 000,00 Date Funded: 30th July 2009<br />
Report Back:<br />
Yes
Sponsors:<br />
City Property Administation<br />
Recipient Organisation: Tshwane Leadership Foundation<br />
Project/Event: Feast of the Clowns Date of Event: 10th August 2009<br />
Area: Gauteng Type: Multi-Discipline<br />
Supporting Grant: R25 000,00 Date Funded: 30th July 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
ABSA<br />
Chamberlains<br />
Recipient Organisation: PTA Youth Theatre<br />
Project/Event: Children’s Theatre Production Of Sleeping Beauty Date of Event: 25th June 2009<br />
Area: Gauteng Type: Theatre<br />
Supporting Grant: R5 000,00 Date Funded: 30th July 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Distell<br />
Pro Helvetia<br />
Recipient Organisation: Heart & Eyes Theatre Collective<br />
Project/Event: Cape Town Edge Date of Event: 2nd July 2009<br />
Area: Western Cape Type: Theatre<br />
Supporting Grant: R25 000,00 Date Funded: 30th July 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Distell<br />
Recipient Organisation: Suidoosterfees<br />
Project/Event: Suidoosterkonsert Date of Event: 30th January <strong>2010</strong><br />
Area: Western Cape Type: Multi-Discipline<br />
Supporting Grant: R30 000,00 Date Funded: 18th December 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Red Bull<br />
Recipient Organisation: Life Check Youth Developement Initiative<br />
Project/Event: All Elements Battle of the Year Date of Event: 7th August 2009<br />
Area: KwaZulu Natal Type: Music<br />
Supporting Grant: R5 000,00 Date Funded: 4th September 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Total <strong>South</strong> <strong>Africa</strong><br />
Recipient Organisation: The Buskaid Trust<br />
Project/Event: The Buskaid Soweto Spring Ensemble - Public Concert linked to International Tour Date of Event: 5th August 2009<br />
Area: Gauteng Type: Music<br />
Supporting Grant: R25 000,00 Date Funded: 30th July 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Fruit & Veg City Holdings (Pty) Ltd<br />
Recipient Organisation: Cape Dance Company<br />
Project/Event: Season at <strong>Arts</strong>cape Theatre Cape Town Date of Event: 1st September 2009<br />
Area: Western Cape Type: Dance<br />
Supporting Grant: R10 000,00 Date Funded: 31st August 2009<br />
Report Back:<br />
Yes<br />
21
Sponsors:<br />
Air Liquide (Pty) Ltd<br />
IFAS<br />
Notixis<br />
Hyatt<br />
Sasol Art Museum<br />
NWU<br />
Free State University<br />
Squidart<br />
Recipient Organisation: Rendezvous Art Project<br />
Project/Event: Rendezvous Focus Original Lithography Date of Event: 8th October 2009<br />
Area: North West Province Type: Visual Art<br />
Supporting Grant: R20 000,00 Date Funded: 31th August 2009<br />
Report Back:<br />
No<br />
Sponsors:<br />
SAMRO<br />
Recipient Organisation: NewMusicSA<br />
Project/Event: New Music Indaba 2009 Date of Event: 1st October 2009<br />
Area: Gauteng Type: Music<br />
Supporting Grant: R10 000,00 Date Funded: 1st October 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Goodman Gallery<br />
Recipient Organisation: The Fiesta Festival<br />
Project/Event: The Fiesta Festival Date of Event: 24th September 2009<br />
Area: Gauteng Type: Visual Art<br />
Supporting Grant: R25 000,00 Date Funded: 7th October 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Spec Savers <strong>South</strong> <strong>Africa</strong><br />
Boardmans Casio<br />
DSTV<br />
Recipient Organisation: Bob Eveliegh<br />
Project/Event: Showtime Awards Date of Event: 20th January <strong>2010</strong><br />
Area: Eastern Cape Type: Multi-Discipline<br />
Supporting Grant: R25 000,00 Date Funded: 18th December 2009<br />
Report Back:<br />
No<br />
Sponsors:<br />
First National Bank<br />
First National Bank<br />
Recipient Organisation: Dance Forum<br />
Project/Event: FNB Dance Umbrella <strong>2010</strong> Date of Event: 28th February <strong>2010</strong><br />
Area: Gauteng Type: Dance<br />
Supporting Grant: R90 000,00 Date Funded: 30th January <strong>2010</strong><br />
Report Back:<br />
Yes<br />
22<br />
Sponsors:<br />
Mayford Seeds<br />
Garden World<br />
Garden World<br />
Mayford<br />
The Gardener<br />
Namibia Tourism
Recipient Organisation: Appollo Music Trust<br />
Project/Event: In Tune with Nature Date of Event: 29th August 2009<br />
Area: Gauteng Type: Music<br />
Supporting Grant: R15 000,00 Date Funded: 1st October 2009<br />
Report Back:<br />
No<br />
Sponsors:<br />
First National Bank<br />
Recipient Organisation: <strong>South</strong> <strong>Africa</strong> Hindu Maha Sabha<br />
Project/Event: FNB Gauteng Diwali Festival Date of Event: 3rd October 2009<br />
Area: Gauteng Type: Festival<br />
Supporting Grant: R20 000,00 Date Funded: 1st October 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
The Witness Newspaper<br />
Recipient Organisation: uSisi Designs cc<br />
Project/Event: Echo Craft Bazaar Date of Event: 26th November 2009<br />
Area: KwaZulu Natal Type: Craft<br />
Supporting Grant: R5 000,00 Date Funded: 22th January <strong>2010</strong><br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Pick n Pay Stores Limited<br />
Recipient Organisation: Zama Dance School Trust<br />
Project/Event: Zama Dance School Trust Date of Event: 1st August <strong>2010</strong><br />
Area: Western Cape Type: Dance<br />
Supporting Grant: R30 000,00 Date Funded: Not yet paid<br />
Report Back:<br />
No<br />
Sponsors:<br />
St<strong>and</strong>ard Bank of <strong>South</strong> <strong>Africa</strong><br />
Recipient Organisation: The Dance Factory<br />
Project/Event: Dada Masilo’s Romeo <strong>and</strong> Juliet Date of Event: 27th October 2009<br />
Area: Western Cape Type: Dance<br />
Supporting Grant: R35 000,00 Date Funded: 1st October 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Adapt IT Holdings Limited<br />
Recipient Organisation: Rotary Club of Kloof<br />
Project/Event: Durban Pops 2009 Date of Event: 7th November 2009<br />
Area: KwaZulu Natal Type: Festival<br />
Supporting Grant: R18 000,00 Date Funded: 28th October 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Owlhouse Foundation<br />
Nama Karoo Foundation<br />
Various Private Individuals<br />
Recipient Organisation: Nieu Bethesda <strong>Arts</strong> Festival Association<br />
Project/Event: Fugard Festival Date of Event: 1st October 2009<br />
Area: Eastern Cape Type: Festival<br />
Supporting Grant: R5 000,00 Date Funded: 1st October 2009<br />
Report Back: Yes 23
Sponsors:<br />
TBWA<br />
Recipient Organisation: Room 13<br />
Project/Event: Lekgotla Date of Event: 30th November 2009<br />
Area: Gauteng Type: Education/ Visual <strong>Arts</strong><br />
Supporting Grant: R10 000,00 Date Funded: 27th November 2009<br />
Report Back:<br />
Sponsors:<br />
Recipient Organisation:<br />
Yes<br />
Cell- C<br />
Durban Music School<br />
Project/Event: Community Christmas Concerts Date of Event: 27th November 2009<br />
Area: KwaZulu Natal Type: Music<br />
Supporting Grant: R25 000,00 Date Funded: 27th November 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Distell Foundation<br />
Zonnebloem Wines; Fleur de Cap; Pongracz<br />
Parmalat<br />
Recipient Organisation: Gigs Galaxy cc t/a Oude Libertas Ampitheatre<br />
Project/Event: Oude Libertas Ampitheatre Summer Season 2009/<strong>2010</strong> Date of Event: 30th November 2009<br />
Area: Western Cape Type: Multi-Discipline<br />
Supporting Grant: R60 000,00 Date Funded: 27th November 2009<br />
Report Back:<br />
Yes<br />
Sponsors:<br />
Spier Holdings<br />
Recipient Organisation: <strong>Africa</strong> Centre<br />
Project/Event: Infecting The City Performing <strong>Arts</strong> Festival Date of Event: 16th November 2009<br />
Area: Western Cape Type: Multi-Discipline<br />
Supporting Grant: R50 000,00 Date Funded: 27th November 2009<br />
Report Back:<br />
No<br />
Sponsors:<br />
R<strong>and</strong> Merchant Bank<br />
Nelson M<strong>and</strong>ela Metropolitan University<br />
Ron Belling Gallery<br />
Recipient Organisation: Wings <strong>and</strong> Wishes<br />
Project/Event: Xpressions <strong>2010</strong> Date of Event: 8th June <strong>2010</strong><br />
Area: Eastern Cape Type: Visual Art<br />
Supporting Grant: R15 000,00 Date Funded: 28th May <strong>2010</strong><br />
Report Back:<br />
No<br />
Sponsors:<br />
SENA-SAMRO Endowment for the National <strong>Arts</strong><br />
Cape Tercentenary Foundation<br />
Recipient Organisation: <strong>South</strong> <strong>Africa</strong>n Association for Jazz Education<br />
Project/Event: 10th SAJE Conference: Jazz Education in <strong>South</strong> <strong>Africa</strong> - Past, Present <strong>and</strong> Future Date of Event: 29th March <strong>2010</strong><br />
Area: Western Cape Type: Education<br />
Supporting Grant: R15 000,00 Date Funded: 3rd March <strong>2010</strong><br />
Report Back:<br />
Yes<br />
24<br />
Sponsors:<br />
Sanlam<br />
Recipient Organisation: Friends of Michaelis Collection<br />
Project/Event: The Lie of the L<strong>and</strong>: The Representation of the <strong>South</strong> <strong>Africa</strong>n L<strong>and</strong>scape Date of Event: 1st April <strong>2010</strong><br />
Area: Western Cape Type: Visual Art
Supporting Grant: R15 000,00 Date Funded: 3rd March <strong>2010</strong><br />
Report Back:<br />
No<br />
Sponsors:<br />
Nedbank<br />
The Vodacom Foundation<br />
Sun International<br />
Recipient Organisation: The <strong>Arts</strong> & Culture Trust<br />
Project/Event: ACT Development Programme Date of Event: On going<br />
Area: National Type: Education<br />
Supporting Grant: R27 500,00 Date Funded: 3rd March <strong>2010</strong><br />
Report Back:<br />
No<br />
Sponsors:<br />
St<strong>and</strong>ard Bank<br />
Lucid Pictures<br />
Eurocape Holdings<br />
Recipient Organisation: Unima SA<br />
Project/Event: Out of the Box: Festival Puppetry <strong>and</strong> Visual Performance Date of Event: 20th March <strong>2010</strong><br />
Area: Western Cape Type: Multi-Discipline<br />
Supporting Grant: R52 000,00 Date Funded: 3rd March <strong>2010</strong><br />
Report Back:<br />
No<br />
Sponsors:<br />
PC Training<br />
Recipient Organisation: Big Creek Trading 51 CC<br />
Project/Event: Othello- Matric setwork theatre production <strong>2010</strong> Date of Event: 1st April <strong>2010</strong><br />
Area: National Type: Theatre/ Education<br />
Supporting Grant: R30 000,00 Date Funded: 3rd March <strong>2010</strong><br />
Report Back:<br />
No<br />
Sponsors:<br />
Absa Bank Ltd<br />
Recipient Organisation: Absa KKNK<br />
Project/Event: Absa KKNK Sponsorship Vision Workshop Date of Event: 1st April <strong>2010</strong><br />
Area: Eastern Cape Type: Education<br />
Supporting Grant: R100 000,00 Date Funded: 3rd March <strong>2010</strong><br />
Report Back:<br />
No<br />
Sponsors:<br />
Cream Magenta 82 t/a Art Logic<br />
Recipient Organisation: <strong>Arts</strong>pace Gallery Mentorship Programme<br />
Project/Event: <strong>Arts</strong>pace Gallery Mentorship Programme (Art Fair) Date of Event: 25th March <strong>2010</strong><br />
Area: Gauteng Type: Education/Visual <strong>Arts</strong><br />
Supporting Grant: R11 500,00 Date Funded: 3rd March <strong>2010</strong><br />
Report Back:<br />
Yes<br />
Sponsors:<br />
St<strong>and</strong>ard Bank<br />
Recipient Organisation: The Theatre on the Square<br />
Project/Event: Master Harold <strong>and</strong> the Boys Date of Event: 16th March <strong>2010</strong><br />
Area: Gauteng Type: Theatre<br />
Supporting Grant: R30 000,00 Date Funded: 26th March <strong>2010</strong><br />
Report Back:<br />
No<br />
Total Grants made for the year ending 31 March <strong>2010</strong> R1,243,750.00 25
Special<br />
Projects<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong><br />
<strong>South</strong> <strong>Africa</strong><br />
Project<br />
Description<br />
Purpose<br />
Create<br />
‘Create’ takes on the form of a 5 minute arts <strong>and</strong> culture feature<br />
on prime time news <strong>and</strong> current affairs Programme on SAfm,<br />
running Monday, Wednesday <strong>and</strong> Friday.<br />
The aim with this initiative is to raise the profile of the arts <strong>and</strong><br />
cultural activity through a platform targeting cross-cultural<br />
audiences with a national footprint.<br />
Date 01 April 2009 - 31 March <strong>2010</strong><br />
Area National<br />
Amount R 192 920.00<br />
Project<br />
<strong>Business</strong> of the <strong>Arts</strong> Summit TV<br />
Project<br />
Description<br />
Purpose<br />
No Jacket Required<br />
This hour-long Saturday programme on Classic FM, features<br />
a range of classical music including local compositions,<br />
performances <strong>and</strong> interviews with local business or arts<br />
organisation around business-art partnership<br />
The aim of the Programme is to provide a platform for <strong>South</strong><br />
<strong>Africa</strong>n composers <strong>and</strong> musicians, targeting broad classical<br />
music audiences <strong>and</strong> to provide value for <strong>Business</strong> <strong>and</strong> <strong>Arts</strong><br />
<strong>South</strong> <strong>Africa</strong> corporate members<br />
Date 01 April 2009-31 March <strong>2010</strong><br />
Area<br />
Amount R 188 214.00<br />
National (through DSTV Channel)<br />
Description<br />
Purpose<br />
This programme takes on the form of a weekly prime time<br />
feature on Summit TV three times a week. The programme<br />
targets the corporate sector, featuring interviews with business<br />
men <strong>and</strong> women that focus on business investment in the arts<br />
<strong>and</strong> the basis for business-arts partnership. Issues relevant<br />
to the arts are extended into one debate <strong>and</strong> one forum<br />
programme. The programme is repeated on The Home Channel.<br />
The aim is to raise the profile of the arts <strong>and</strong> culture activity <strong>and</strong><br />
encourage business take up of opportunities within the arts<br />
<strong>and</strong> provides a potential value add for <strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong><br />
<strong>Africa</strong> corporate members.<br />
Date 29 May 2009 to 29 May <strong>2010</strong><br />
Area<br />
Amount R 572 000.00<br />
National (through DSTV channel)<br />
Project<br />
<strong>Business</strong> Day BASA Awards,<br />
supported by Anglo American<br />
Project<br />
Moshito<br />
Description<br />
Purpose<br />
Date 29 August 2009<br />
Area<br />
Held at the Turbine Hall in Gauteng, <strong>Business</strong> Day <strong>and</strong> Anglo<br />
American once again supported the recognition of innovative<br />
<strong>and</strong> effective sponsorship of the <strong>Arts</strong>, at <strong>Business</strong> <strong>and</strong> <strong>Arts</strong><br />
<strong>South</strong> <strong>Africa</strong>’s 12th annual awards. The award artworks were<br />
created by the Kieskamma Art Project; Hamburg, Eastern Cape<br />
The event aims to highlight effective business-art partnerships<br />
<strong>and</strong> drive interest from the corporate sector in supporting the<br />
arts<br />
National reach<br />
Description<br />
Purpose<br />
Moshito, meaning “rhythm” in Sepedi, is an annual Music<br />
Conference <strong>and</strong> Exhibition.<br />
This is a platform <strong>and</strong> place for aspirant performers to network<br />
with other performers <strong>and</strong> to acquire new skills as well as get<br />
exposure to the industry st<strong>and</strong>ards <strong>and</strong> opportunities..<br />
Date 02 September 2009 - 04 September 2009<br />
Area<br />
Gauteng<br />
Amount R 13 930.91<br />
Amount R 540 697.14 (Sponsorship to the amount of R400 000.00,<br />
excluding in-kind sponsorship from Distell <strong>and</strong> the venue)<br />
26
Project<br />
Barloworld Artworks Mentoring Programme<br />
Project<br />
BASA Today<br />
Description<br />
Purpose<br />
Generously sponsored by Barloworld for the past five years,<br />
this programme partnered business people with particular skills<br />
with arts organisations that have expressed specific needs.<br />
The aim is to build capacity within arts organisations <strong>and</strong><br />
identify opportunities for sustainability to introduce business<br />
to the arts<br />
Date 01 August 2009-31 July <strong>2010</strong><br />
Area National<br />
Amount R 200 000.00<br />
Description<br />
Purpose<br />
BASA Today takes on the form of an hour long programme<br />
dealing with current affairs featuring artists <strong>and</strong>/or corporates<br />
<strong>and</strong> provide exposure to projects supported by <strong>Business</strong><br />
<strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>. Extra value is offered with a 15 minute<br />
business interview on a weekly basis.<br />
The aim of the programme is to raise the profile of the arts <strong>and</strong><br />
encourage business interest in the sector.<br />
Date 01 April 2009 -31 March <strong>2010</strong><br />
Area<br />
National (through DSTV channel)<br />
Project<br />
<strong>Business</strong> Day “ART”<br />
Amount R 70 200.00<br />
Description<br />
Purpose<br />
Quarterly supplement in <strong>Business</strong> Day, two supplements were<br />
published this financial year.<br />
To raise the profile of the arts in the <strong>South</strong> <strong>Africa</strong>n business<br />
sector<br />
Date 27 November 2009 to 28 December 2009<br />
Area<br />
National distribution<br />
Project National <strong>Arts</strong> Festival 2009-<strong>2010</strong><br />
Description<br />
To provide a dedicated section of CUE Newspaper focused on<br />
the Fringe <strong>and</strong> those performers, productions <strong>and</strong> audiences<br />
who will be participating in the Fringe. Further, BASA<br />
sponsored H<strong>and</strong>s On! Masks Off! A series of ten workshops<br />
<strong>and</strong> seminars focused on upskilling <strong>and</strong> providing networking<br />
opportunities for artists.<br />
Amount R 22 710.00<br />
Project<br />
<strong>Africa</strong> meets <strong>Africa</strong><br />
Purpose<br />
The intent is to provide a visible <strong>and</strong> viable platform for artists<br />
on the Fringe, as well as continue to develop artists’ business<br />
capacity.<br />
Description<br />
The project generates the focused resource material <strong>and</strong><br />
teaching methodology educator frequently lack in trying to<br />
get grips with an education system designed as an abstract<br />
framework of desired outcomes.<br />
Date 20 June <strong>2010</strong> – 04 July <strong>2010</strong><br />
Area<br />
Eastern Cape<br />
Amount R 250 000.00<br />
Purpose<br />
Date 12 August 2009<br />
Area<br />
Support educators through learning resource materials <strong>and</strong><br />
training.<br />
Gauteng<br />
Project<br />
Nostalgic Waves from Soweto<br />
Description An authentic <strong>and</strong> historic account of the activities during the<br />
Soweto upheaval in 1976 by Sol Rachilo.<br />
Amount R 8 000.00<br />
Purpose<br />
The support of this book contributed towards historic<br />
preservation, as well recognised a living <strong>South</strong> <strong>Africa</strong>n legend,<br />
Sol Rachilo.<br />
Date 25 October 2009<br />
Area Gauteng<br />
Amount R10 274.50<br />
Total Special Projects made for the year ending 31 March <strong>2010</strong> R2,242,828.00<br />
27
28<br />
<strong>ANNUAL</strong><br />
FINANCIAL<br />
STATEMENTS<br />
<strong>REPORT</strong> OF THE<br />
INDEPENDENT AUDITORS<br />
TO THE DIRECTORS OF<br />
BUSINESS AND ARTS<br />
SOUTH AFRICA<br />
Report on annual financial statements<br />
We have audited the annual financial statements of<br />
<strong>Business</strong> <strong>and</strong> <strong>Arts</strong> <strong>South</strong> <strong>Africa</strong>, which comprise the<br />
statement of financial position as at 31 March <strong>2010</strong>, <strong>and</strong> the<br />
statements of comprehensive income, changes in equity<br />
<strong>and</strong> cash flows for the year then ended, <strong>and</strong> a summary<br />
of significant accounting policies <strong>and</strong> other explanatory<br />
notes, <strong>and</strong> the directors' report, as set out on pages 31<br />
to 40.<br />
Directors' responsibility for the annual<br />
financial statements<br />
The company's directors are responsible for the<br />
preparation <strong>and</strong> fair presentation of these annual financial<br />
statements in accordance with the International Financial<br />
Reporting St<strong>and</strong>ard for Small <strong>and</strong> Medium-sized Entities<br />
<strong>and</strong> in the manner required by the Companies Act of<br />
<strong>South</strong> <strong>Africa</strong>. This responsibility includes: designing,<br />
implementing <strong>and</strong> maintaining internal control relevant to<br />
the preparation <strong>and</strong> fair presentation of annual financial<br />
statements that are free from material misstatement,<br />
whether due to fraud or error; selecting <strong>and</strong> applying<br />
appropriate accounting policies; <strong>and</strong> making accounting<br />
estimates that are reasonable in the circumstances.<br />
Auditor's responsibility<br />
Our responsibility is to express an opinion on these annual<br />
financial statements based on our audit. We conducted<br />
our audit in accordance with International St<strong>and</strong>ards on<br />
Auditing. Those st<strong>and</strong>ards require that we comply with<br />
ethical requirements <strong>and</strong> plan <strong>and</strong> perform the audit to<br />
obtain reasonable assurance whether the annual financial<br />
statements are free from material misstatement.<br />
An audit involves performing procedures to obtain audit<br />
evidence about the amounts <strong>and</strong> disclosures in the annual<br />
financial statements. The procedures selected depend<br />
on the auditor's judgement, including the assessment of<br />
the risks of material misstatement of the annual financial<br />
statements, whether due to fraud or error. In making those<br />
risk assessments, the auditor considers internal control<br />
relevant to the entity's preparation <strong>and</strong> fair presentation<br />
of the annual financial statements in order to design audit<br />
procedures that are appropriate in the circumstances,<br />
but not for the purpose of expressing an opinion on the<br />
effectiveness of the entity's internal control. An audit also<br />
includes evaluating the appropriateness of accounting<br />
policies used <strong>and</strong> the reasonableness of accounting<br />
estimates made by the directors, as well as evaluating the<br />
overall presentation of the annual financial statements.<br />
We believe that the audit evidence we have obtained is<br />
sufficient <strong>and</strong> appropriate to provide a basis for our audit<br />
opinion.<br />
Opinion<br />
In our opinion, the annual financial statements present<br />
fairly, in all material respects, the financial position<br />
of the company as of 31 March <strong>2010</strong>, <strong>and</strong> its financial<br />
performance <strong>and</strong> its cash flows for the year then ended<br />
in accordance with the International Financial Reporting<br />
St<strong>and</strong>ard for Small <strong>and</strong> Medium-sized Entities <strong>and</strong> in the<br />
manner required by the Companies Act of <strong>South</strong> <strong>Africa</strong>.
RepoRt on otheR leGal anD ReGulatoRy<br />
RequiRements<br />
In terms of the Auditing Profession Act, Section 44(4),<br />
we report that another member of Grant Thornton was<br />
responsible for assisting with the secretarial <strong>and</strong> tax<br />
compliance records of the company.<br />
otheR matteR<br />
Without qualifying our opinion, we draw your attention<br />
to the fact that the supplementary information set out on<br />
pages 39 <strong>and</strong> 40 do not form part of the annual financial<br />
statements <strong>and</strong> is presented as additional information. We<br />
have not audited this information <strong>and</strong> accordingly do not<br />
express an opinion on them.<br />
GRant thoRnton<br />
Chartered Accountants (SA)<br />
Registered Auditors<br />
peR G c smith<br />
Chartered Accountant (SA)<br />
Registered Auditor<br />
28 July <strong>2010</strong><br />
137 Daisy Street<br />
S<strong>and</strong>own<br />
Johannesburg<br />
2196<br />
Nelson Mukhuba, Two Soccer Players,<br />
1974. Wood, poker work. 79 x 30 x 26<br />
cm. Wits Art Museum (Market Theatre<br />
Collection) (photograph: Cliff Shain)<br />
29
30<br />
Directors'<br />
Responsibilities<br />
<strong>and</strong> Approval<br />
The directors are required by the Companies Act of <strong>South</strong><br />
<strong>Africa</strong>, 1973, to maintain adequate accounting records <strong>and</strong><br />
are responsible for the content <strong>and</strong> integrity of the annual<br />
financial statements <strong>and</strong> related financial information<br />
included in this report. It is their responsibility to ensure<br />
that the annual financial statements fairly present the state<br />
of affairs of the company as at the end of the financial year<br />
<strong>and</strong> the results of its operations <strong>and</strong> cash flows for the<br />
period then ended, in conformity with the International<br />
Financial Reporting St<strong>and</strong>ards for Small <strong>and</strong> Medium-sized<br />
Entities. The external auditors are engaged to express an<br />
independent opinion on the annual financial statements.<br />
The annual financial statements are prepared in<br />
accordance with the International Financial Reporting<br />
St<strong>and</strong>ards for Small <strong>and</strong> Medium-sized Entities <strong>and</strong> are<br />
based upon appropriate accounting policies consistently<br />
applied <strong>and</strong> supported by reasonable <strong>and</strong> prudent<br />
judgements <strong>and</strong> estimates.<br />
The directors acknowledge that they are ultimately<br />
responsible for the system of internal financial control<br />
established by the company <strong>and</strong> place considerable<br />
importance on maintaining a strong control environment.<br />
To enable the directors to meet these responsibilities, the<br />
board of directors sets st<strong>and</strong>ards for internal control aimed<br />
at reducing the risk of error or loss in a cost effective<br />
manner. The st<strong>and</strong>ards include the proper delegation<br />
of responsibilities within a clearly defined framework,<br />
effective accounting procedures <strong>and</strong> adequate segregation<br />
of duties to ensure an acceptable level of risk. These<br />
controls are monitored throughout the company <strong>and</strong> all<br />
employees are required to maintain the highest ethical<br />
st<strong>and</strong>ards in ensuring the company's business is conducted<br />
in a manner that in all reasonable circumstances is above<br />
reproach. The focus of risk management in the company<br />
is on identifying, assessing, managing <strong>and</strong> monitoring all<br />
known forms of risk across the company. While operating<br />
risk cannot be fully eliminated, the company endeavours<br />
to minimise it by ensuring that appropriate infrastructure,<br />
controls, systems <strong>and</strong> ethical behaviour are applied<br />
<strong>and</strong> managed within predetermined procedures <strong>and</strong><br />
constraints.<br />
The directors are of the opinion, based on the information<br />
<strong>and</strong> explanations given by management, that the system<br />
of internal control provides reasonable assurance that the<br />
financial records may be relied on for the preparation of<br />
the annual financial statements. However, any system of<br />
internal financial control can provide only reasonable, <strong>and</strong><br />
not absolute, assurance against material misstatement or<br />
loss.<br />
The directors have reviewed the company's cash flow<br />
forecast for the year to 31 March 2011 <strong>and</strong>, in the light of<br />
this review <strong>and</strong> the current financial position, they are<br />
satisfied that the company has or has access to adequate<br />
resources to continue in operational existence for the<br />
foreseeable future.<br />
The board of directors are responsible for the financial<br />
affairs of the company.<br />
The external auditor is responsible for independently<br />
reviewing <strong>and</strong> reporting on the company's annual financial<br />
statements. The annual financial statements have been<br />
examined by the company's external auditor <strong>and</strong> their<br />
report is presented on pages 28-29.<br />
The annual financial statements set out on pages 31-40,<br />
which have been prepared on the going concern basis,<br />
were approved by the board of directors on 28 July <strong>2010</strong><br />
<strong>and</strong> were signed on its behalf by:<br />
Director<br />
Johannesburg<br />
28 July <strong>2010</strong><br />
Director
Directors' Report<br />
The directors submit their report for the year ended<br />
31 March <strong>2010</strong>.<br />
1. Review of activities<br />
Main business <strong>and</strong> operations<br />
The company is engaged in promoting <strong>and</strong> encouraging<br />
sustainable partnerships between the private sector <strong>and</strong><br />
the arts <strong>and</strong> operates principally in <strong>South</strong> <strong>Africa</strong>.<br />
The operating results <strong>and</strong> state of affairs of the company<br />
are fully set out in the attached annual financial statements<br />
<strong>and</strong> do not, in our opinion, require any further comment.<br />
Whilst membership income appears as having declined<br />
in the current financial year, it is important to note that<br />
the company changed the basis on which memberships<br />
were recorded. In prior years, memberships would run<br />
for 12 months from the beginning of the financial year.<br />
Memberships are now instated from calendar date of<br />
payment. The membership therefore runs for twelve<br />
months from the calendar month of payment<br />
2. Going concern<br />
The annual financial statements have been prepared on<br />
the basis of accounting policies applicable to a going<br />
concern. This basis presumes that funds will be available to<br />
finance future operations <strong>and</strong> that the realisation of assets<br />
<strong>and</strong> settlement of liabilities, contingent obligations <strong>and</strong><br />
commitments will occur in the ordinary course of business.<br />
Name<br />
Changes<br />
SAH Kajee - Chairman<br />
IR May - Deputy Chairman<br />
RAC Cock<br />
NF Danby Resigned 22 July 2009<br />
L Engelbrecht Resigned 20 April <strong>2010</strong><br />
K Gumbi<br />
WS Kunene Resigned 22 July 2009<br />
M Langa<br />
KP Marcus<br />
GV Mariano<br />
S Marutlulle Resigned 22 July 2009<br />
IL Mokoena<br />
S Moodliar Resigned 21 January <strong>2010</strong><br />
A Moosa<br />
GC Palacious-Flusk<br />
M Slack Resigned 22 July 2009<br />
F Thom<br />
Chia Chao Wu<br />
6. Secretary<br />
The company had no secretary during the year.<br />
7. Chief Executive Officer<br />
Michelle Constant<br />
8. Auditors<br />
Grant Thornton will continue in office in accordance with<br />
section 270(2) of the Companies Act.<br />
3. Events after the reporting period<br />
The directors are not aware of any matter or circumstance<br />
arising since the end of the financial year.<br />
4. Non-current assets<br />
There have been no major changes in non-current assets<br />
of the company during the year under review.<br />
5. Directors<br />
The directors of the company during the year <strong>and</strong> to the<br />
date of this report are as follows:<br />
31
STATEMENT OF FINANCIAL POSITION<br />
FIGURES IN RAND NOTE <strong>2010</strong> 2009<br />
Assets<br />
Non-Current Assets<br />
Property, plant <strong>and</strong> equipment<br />
2<br />
15 678<br />
21 157<br />
Current Assets<br />
Trade <strong>and</strong> other receivables<br />
3<br />
220 959<br />
120 611<br />
Cash <strong>and</strong> cash equivalents<br />
4<br />
2 086 364<br />
1 868 947<br />
Total Assets<br />
2 307 323<br />
1 989 558<br />
2 323 001<br />
2 010 715<br />
Equity <strong>and</strong> Liabilities<br />
Equity<br />
Accumulated surplus<br />
926 324<br />
759 616<br />
Liabilities<br />
Current Liabilities<br />
Trade <strong>and</strong> other payables<br />
6<br />
1 102 223<br />
938 815<br />
Income received in advance<br />
5<br />
294 454<br />
312 248<br />
Total Equity <strong>and</strong> Liabilities<br />
1 396 677<br />
1 251 099<br />
2 323 001<br />
2 010 715<br />
STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH <strong>2010</strong><br />
NOTE <strong>2010</strong> R 2009 R<br />
NET GRANTS<br />
2 137 232<br />
1 681 213<br />
Received from the Department of <strong>Arts</strong> <strong>and</strong> Culture<br />
5 453 000<br />
5 180 000<br />
Other grants received - Barloworld Artworks<br />
170 810<br />
215 562<br />
Less - Grants made<br />
(3 486 578)<br />
(3 714 349)<br />
- Supporting grants<br />
(1 243 750)<br />
(1 323 500)<br />
- Special project costs<br />
(2 242 828)<br />
(2 390 849)<br />
Membership Fees<br />
348 476<br />
731 484<br />
SPONsorship for awards ceremonys<br />
400 000<br />
225 000<br />
Sundry Income<br />
181 026<br />
57 562<br />
Finance Income<br />
8<br />
162 317<br />
220 816<br />
3 229 051<br />
2 916 075<br />
EXPENDITURE<br />
(3 062 343)<br />
(2 296 173)<br />
SURPLUS FOR THE YEAR<br />
7<br />
166 708<br />
619 902<br />
32
STATEMENT OF CHANGES IN EQUITY<br />
FIGURES IN RAND Accumulated surplus total equity<br />
BALANCE at 1 April 2008<br />
Changes in equity<br />
Total comprehensive income for the year<br />
Total changes<br />
139 714<br />
619 902<br />
619 902<br />
139 714<br />
619 902<br />
619 902<br />
Balance at 1 April 2009<br />
Changes in equity<br />
Total comprehensive income for the year<br />
Total changes<br />
Balance at 31 March <strong>2010</strong><br />
Note(s)<br />
STATEMENT OF CASH FLOWS<br />
759 616<br />
166 708<br />
166 708<br />
926 324<br />
759 616<br />
166 708<br />
166 708<br />
926 324<br />
FIGURES IN RAND NOTE <strong>2010</strong> 2009<br />
Cash flows from operating activities<br />
Cash generated from operations<br />
11<br />
60 226<br />
505 125<br />
Interest income<br />
162 317<br />
220 816<br />
Net cash from operating activities<br />
222 543<br />
725 941<br />
Cash flows from investing activities<br />
Purchase of property, plant <strong>and</strong> equipment<br />
2<br />
(5 126)<br />
(5 458)<br />
Total cash movement for the year<br />
217 417<br />
720 483<br />
Cash at the beginning of the year<br />
1 868 947<br />
1 148 464<br />
Total cash at end of the year<br />
4<br />
2 086 364<br />
1 868 947<br />
Caiphus Nxumalo, Soccer Sculpture,<br />
1996. Wood, poker work. 22 x 48.2 x<br />
6. St<strong>and</strong>ard Bank Collection (Wits Art<br />
Museum) (photograph by Cliff Shain)<br />
33
34<br />
Accounting Policies<br />
1. Presentation of Annual Financial<br />
Statements<br />
The annual financial statements have been prepared in<br />
accordance with the International Financial Reporting<br />
St<strong>and</strong>ards for Small <strong>and</strong> Medium-sized Entities, <strong>and</strong> the<br />
Companies Act of <strong>South</strong> <strong>Africa</strong>, 1973. The annual financial<br />
statements have been prepared on the historical cost<br />
basis, <strong>and</strong> incorporate the principal accounting policies set<br />
out below. They are presented in <strong>South</strong> <strong>Africa</strong>n R<strong>and</strong>s.<br />
These accounting policies are consistent with the previous<br />
period, except for the changes set out in note 13 Firsttime<br />
adoption of the International Financial Reporting<br />
St<strong>and</strong>ards for Small <strong>and</strong> Medium-sized Entities.<br />
1.1 Significant judgements <strong>and</strong> sources of<br />
estimation uncertainty<br />
In preparing the annual financial statements, management<br />
is required to make estimates <strong>and</strong> assumptions that<br />
affect the amounts represented in the annual financial<br />
statements <strong>and</strong> related disclosures. Use of available<br />
information <strong>and</strong> the application of judgement is inherent<br />
in the formation of estimates. Actual results in the future<br />
could differ from these estimates which may be material to<br />
the annual financial statements.<br />
1.2 Property, plant <strong>and</strong> equipment<br />
Property, plant <strong>and</strong> equipment are stated at cost less<br />
accumulated depreciation <strong>and</strong> any impairment losses.<br />
Depreciation is provided using the straight-line basis to<br />
write down the cost over the useful life of the property,<br />
plant <strong>and</strong> equipment, which is as follows:<br />
Item<br />
Furniture <strong>and</strong> fittings<br />
Office equipment<br />
Computer equipment<br />
average useful life<br />
5 years<br />
5 years<br />
3 years<br />
The residual value, depreciation method <strong>and</strong> the useful life<br />
of each asset are reviewed at each annual reporting period<br />
if there are indicators present that there is a change from<br />
the previous estimate.<br />
1.3 Membership fees<br />
Membership fees consist of fees paid for annual corporate<br />
membership of the company <strong>and</strong> are recorded in revenue<br />
during the relevant year to which fees apply.<br />
1.4 Government grants<br />
Government grants are recognised when there is<br />
reasonable assurance that:<br />
- the company will comply with the conditions attaching to<br />
them; <strong>and</strong><br />
- the grants will be received.<br />
Government grants are recognised as deferred income<br />
over the periods necessary to match them with the related<br />
costs that they are intended to compensate.<br />
1.5 Interest revenue<br />
Interest is recognised on a time proportion basis that takes<br />
into account the effective yield of the asset<br />
1.6 Funds administered on behalf of third party<br />
donors<br />
The company administers funds on behalf of the<br />
department <strong>and</strong> other third parties from time to time.<br />
Receipts of funds are included with creditors <strong>and</strong><br />
disbursed on instruction from the relevant body.<br />
1.7 Employee benefits Defined contribution<br />
plans<br />
Contributions to a defined contribution plan in respect of<br />
service in a particular period are recognised as an expense<br />
in that period.<br />
It is not the policy of the company to provide retirement<br />
benefits to all its employees. Employees may however<br />
elect to be a member of a fund of their choice. All the
schemes are funded both by member <strong>and</strong> company contributions, which are charged to the income statement as they are<br />
incurred.<br />
1.8 Leases<br />
A lease is classified as a finance lease if it transfers substantially all the risks <strong>and</strong> rewards incidental to ownership. A lease<br />
is classified as an operating lease if it does not transfer substantially all the risks <strong>and</strong> rewards incidental to ownership.<br />
Operating leases - lessee<br />
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. The difference<br />
between the amounts recognised as an expense <strong>and</strong> the contractual payments are recognised as an operating lease asset.<br />
This liability is not discounted.<br />
Notes to the annual financial statements<br />
2. Property, plant <strong>and</strong> equipment<br />
<strong>2010</strong> 2009<br />
CosT<br />
accumulated<br />
Depreciation<br />
Carrying<br />
Value<br />
COST accumulated<br />
Depreciation<br />
Carrying<br />
Value<br />
Artworks<br />
5 458<br />
-<br />
5 458<br />
5 458<br />
-<br />
5 458<br />
Computer Equipment<br />
99 694<br />
(95 993)<br />
3 701<br />
94 568<br />
(90 644)<br />
3 924<br />
Furniture <strong>and</strong> fittings<br />
125 006<br />
(123 843)<br />
1 163<br />
125 006<br />
(122 403)<br />
2 603<br />
Office equipment<br />
102 100<br />
(96 744)<br />
5 356<br />
102 100<br />
(92 928)<br />
9 172<br />
total<br />
332 258<br />
(316 580)<br />
15 678<br />
327 132<br />
(305 975)<br />
21 157<br />
Reconciliation of property, plant <strong>and</strong> equipment - <strong>2010</strong><br />
Opening<br />
additions<br />
Balance<br />
depreciation<br />
total<br />
Artworks<br />
5 458<br />
-<br />
-<br />
5 458<br />
Computer Equipment<br />
3 924<br />
5 126<br />
(5 349)<br />
3 701<br />
Furniture <strong>and</strong> fittings<br />
2 603<br />
-<br />
(1 440)<br />
1 163<br />
Office equipment<br />
9 172<br />
-<br />
(3 816)<br />
5 356<br />
total<br />
21 157<br />
5 126<br />
(10 605)<br />
15 678<br />
Reconciliation of property, plant <strong>and</strong> equipment - 2009<br />
Opening<br />
additions<br />
Balance<br />
depreciation<br />
total<br />
Artworks<br />
-<br />
5 458<br />
-<br />
5 458<br />
Computer Equipment<br />
12 146<br />
-<br />
(8 222)<br />
3 924<br />
Furniture <strong>and</strong> fittings<br />
Office equipment<br />
10 220<br />
20 246<br />
-<br />
-<br />
(7 617)<br />
(11 074)<br />
2 603<br />
9 172<br />
35<br />
total<br />
42 612<br />
5 458<br />
(26 913)<br />
21 157
3. Trade <strong>and</strong> other receivables<br />
FIGURES IN RAND <strong>2010</strong> 2009<br />
Accounts receivable - membership fees<br />
Prepayments<br />
Rent deposits<br />
Staff loans<br />
VAT<br />
4. Cash <strong>and</strong> cash equivalents<br />
-<br />
20 000<br />
16 355<br />
10 000<br />
174 604<br />
220 959<br />
33 550<br />
30 000<br />
16 355<br />
-<br />
40 706<br />
120 611<br />
Cash <strong>and</strong> cash equivalents consist of:<br />
Bank balances 2 086 364 1 868 947<br />
Bank balances in the amount of R 85 011 (2009: R 238 521) are restricted for use by the company in accordance with<br />
instructions from the DAC <strong>and</strong> other donors.<br />
5. Income received in advance<br />
Membership fees<br />
Amounts received from sponsors for specific projects<br />
but not yet expensed<br />
6. Trade <strong>and</strong> other payables<br />
Accruals for special projects<br />
Accrued leave pay<br />
Amount to be disbursed on behalf of Vodacom: Held in Trust<br />
Barloworld Artworks<br />
Grants approved but not paid out<br />
Other payables<br />
294 453<br />
-<br />
294453<br />
473 814<br />
53 424<br />
98 526<br />
97 954<br />
269 150<br />
109 355<br />
1 102 223<br />
12 248<br />
300 000<br />
312 248<br />
306 396<br />
46 877<br />
51 000<br />
68 764<br />
427 000<br />
38 814<br />
938 851<br />
36
7. Surplus for the year<br />
Surplus for the year is stated after accounting for the following:<br />
FIGURES IN RAND <strong>2010</strong> 2009<br />
Operating lease charges<br />
Premises<br />
- Contractual amounts<br />
Office equipment<br />
- Contractual amounts<br />
186 055<br />
6 952<br />
193 007<br />
161 971<br />
-<br />
161 971<br />
Depreciation on property, plant <strong>and</strong> equipment<br />
Employee costs<br />
8. Investment revenue<br />
10 605<br />
1 649 448<br />
26 914<br />
1 391 723<br />
Interest revenue<br />
Bank 162 317 220 816<br />
9. Taxation<br />
No provision has been made for taxation as the company is exempt from normal tax as it is a registered Public Benefit<br />
Organisation.<br />
10. Auditor's remuneration<br />
Audit fee<br />
Disbursements<br />
Fees for other services<br />
Secretarial & tax services<br />
11. Cash generated from operations<br />
Profit before taxation<br />
Adjustments for:<br />
Depreciation <strong>and</strong> amortisation<br />
Interest received<br />
Changes in working capital:<br />
Trade <strong>and</strong> other receivables<br />
Trade <strong>and</strong> other payables<br />
Income received in advance<br />
97 714<br />
-<br />
45 787<br />
8 515<br />
152 016<br />
166 708<br />
10 605<br />
(162 317)<br />
(100 349)<br />
163 373<br />
(17 794)<br />
60 226<br />
72 900<br />
3 752<br />
64 504<br />
23 245<br />
164 401<br />
619 902<br />
26 913<br />
(220 816)<br />
(104 256)<br />
(128 866)<br />
312 248<br />
505 125 37
12. Commitments<br />
Operating leases - as lessee (expense)<br />
FIGURES IN RAND <strong>2010</strong> 2009<br />
Minimum lease payments due<br />
- within one year<br />
Special projects initiatives/sponsorships<br />
Amounts received from sponsors for specific projects but not yet expensed<br />
105 810<br />
-<br />
83 660<br />
300 000<br />
13. First-time adoption of the International Financial Reporting St<strong>and</strong>ard for Small<br />
<strong>and</strong> Medium-sized Entities.<br />
The company has applied the International Financial Reporting St<strong>and</strong>ards, for the first time for the <strong>2010</strong> year end. The<br />
st<strong>and</strong>ard provides certain m<strong>and</strong>atory <strong>and</strong> optional exemptions, all of which have been utilised in the preparation of<br />
these financial statements. Given the fact that the company previously applied the <strong>South</strong> <strong>Africa</strong>n Statement of Generally<br />
Accepted Accounting Practice, there are no items that impacted the opening balance sheet of the company for the year<br />
ending 31 March <strong>2010</strong>, <strong>and</strong> as such no reconciliation is provided.<br />
14. Related parties<br />
Relationships<br />
Directors<br />
Other<br />
Refer to directors report<br />
SAFM<br />
(Michelle Constant provides presenter services for certain radio features)<br />
Radio Today 1485<br />
(Dr Ivan May is the Honorary CEO of Radio Today 1485 )<br />
Pinpoint One (Proprietary) Limited<br />
(a company of which F Thom is a director)<br />
Related party transactions<br />
FIGURES IN RAND <strong>2010</strong> 2009<br />
Consulting fees paid to related parties<br />
Pinpoint One (Proprietary) Limited<br />
Radio airtime paid to related parties<br />
Radio Today 1485<br />
Compensation to directors <strong>and</strong> other key management<br />
Chief executive officer's remuneration for managerial services<br />
86 990<br />
74 552<br />
680 000<br />
-<br />
-<br />
619 720<br />
38
15. Directors' emoluments<br />
No emoluments were paid to the directors during the year.<br />
16. Financial Risk Management<br />
Liquidity risk<br />
The company only deposits cash surpluses with a bank of quality credit st<strong>and</strong>ing. In terms of the company's investment<br />
policy all cash resources are held in bank accounts whose terms terms do not exceed 92 days. The Department of <strong>Arts</strong> <strong>and</strong><br />
Culture has been formally advised of such bank accounts in terms of the Public Finance Management Act.<br />
Interest rate risk<br />
Cash deposits attract interest at rates that vary with prime. The company's policy is to manage the interest rate risk so that<br />
fluctuations in variable rates do not have a material impact on the surplus / deficit.<br />
Fair value<br />
The directors are of the opinion that the book value of financial instruments approximates fair value.<br />
17. Government Grants<br />
An amount of R5 453 000 (2009: R5 180 000) was granted to the company by the Department of <strong>Arts</strong> <strong>and</strong> Culture <strong>and</strong><br />
covers the year to 31 March <strong>2010</strong>. The company is obliged to use the funds by way of grants <strong>and</strong> for the purpose set out<br />
in its Memor<strong>and</strong>um of Association. Grants are received in three installment <strong>and</strong> are recognised in the revenue during the<br />
relevant financial year.<br />
Unaudited Supplementary Schedule - detailed<br />
income statement<br />
FIGURES IN RAND NOTE <strong>2010</strong> 2009<br />
Revenue<br />
2137 232<br />
1 681 213<br />
Other income<br />
Membership Fees<br />
348 476<br />
731 484<br />
Interest revenue<br />
8<br />
162 317<br />
220 816<br />
Sponsorship for award ceremony<br />
400 000<br />
225 000<br />
Sundry income<br />
181 026<br />
57 562<br />
1 091 819<br />
1 234 862<br />
Expenses (Refer to page 20)<br />
(3 062 343)<br />
(2 296 173)<br />
Surplus for the year<br />
166 708<br />
619 902<br />
39
FIGURES IN RAND <strong>2010</strong> 2009<br />
Operating expenses<br />
Accounting fees<br />
(26 070)<br />
(24 178)<br />
Advertising<br />
(19 500)<br />
-<br />
Auditors renumeration<br />
10<br />
(152 016)<br />
(164 401)<br />
Bad debt provision - movement<br />
29 700<br />
(29 700)<br />
Bad debts<br />
(26 053)<br />
-<br />
Bank charges<br />
(9 493)<br />
(9 502)<br />
Computer expenses<br />
(42 807)<br />
(50 008)<br />
Consulting <strong>and</strong> professional fees<br />
(90 000)<br />
(44 934)<br />
Depreciation, amortisation <strong>and</strong> impairments<br />
(10 605)<br />
(26 913)<br />
Employee costs<br />
(1 649 448)<br />
(1 319 723)<br />
Entertainment <strong>and</strong> refreshments<br />
(8 200)<br />
(11 938)<br />
General Expenses<br />
(27 983)<br />
(16 718)<br />
IT & database expenses<br />
(32 424)<br />
-<br />
Insurance<br />
(6 387)<br />
(6 431)<br />
Lease rentals on operating lease<br />
(193 007)<br />
(161 971)<br />
Marketing<br />
(432 345)<br />
-<br />
Meetings <strong>and</strong> seminars<br />
(18 656)<br />
(41 241)<br />
Placement fees<br />
(89 940)<br />
-<br />
Postage <strong>and</strong> courier<br />
(44 730)<br />
(41 460)<br />
Printing <strong>and</strong> stationery<br />
(13 580)<br />
(105 228)<br />
Publicity<br />
(18 207)<br />
(10 614)<br />
Repairs <strong>and</strong> maintenance<br />
-<br />
(17 454)<br />
Subscriptions<br />
(31 800)<br />
(7 991)<br />
Telephone <strong>and</strong> fax<br />
(53 826)<br />
(52 852)<br />
Training<br />
(15 741)<br />
-<br />
Travel - local<br />
(79 225)<br />
(80 916)<br />
(3 062 343)<br />
2 296 173<br />
40<br />
Unknown, Three Soccer Players, <strong>2010</strong>.<br />
Wood, paint. 44.5 x 18.5 x 10 cm. Ghana.<br />
Private Collection (photograph: Cliff Shain)
Corporate<br />
members of<br />
BUSINESS AND ARTS<br />
SOUTH AFRICA as at<br />
31 March <strong>2010</strong><br />
Absa Bank Ltd<br />
Afrisun KZN (Pty) t/a Sibaya Casino <strong>and</strong><br />
Entertainment Kingdom<br />
Algoa FM<br />
Anglo American Corporation of SA Ltd<br />
Anglogold Ashanti<br />
Artinsure<br />
Atterbury<br />
Avalon Group<br />
Badiri Housing Association<br />
Barloworld<br />
Bell Dewar<br />
Bizcommunity<br />
Black Br<strong>and</strong> Strategy <strong>and</strong><br />
Design (Pty) Ltd<br />
BMI Sponsorwatch (Pty) Ltd<br />
Boston Media House<br />
Breinstorm Br<strong>and</strong> Architects<br />
Bruce Mcwilliams Industries<br />
Buz Publicity<br />
BHP Billiton<br />
Cell C<br />
COEO Art Collaborative<br />
College Hill (Pty) Ltd<br />
Desklink Media<br />
Deutsche Securities (SA) (Pty) Ltd<br />
Development Bank of <strong>South</strong>ern <strong>Africa</strong><br />
Distell (Pty) Ltd<br />
Empowerdex<br />
Etana Insurance<br />
Exclusive Books<br />
Fairheads<br />
First National Bank<br />
Fuchs Foundation<br />
Freshly Minced<br />
Gilfillan Scott-Berning <strong>Arts</strong> <strong>and</strong><br />
Antique Consultants CC<br />
Goldberg de Villers Inc<br />
Gordon Institute of <strong>Business</strong> Science<br />
Grant Thornton<br />
Gray Moodliar Attorneys<br />
Gumbi Global<br />
Hollard Insurance Company Ltd<br />
Ice Models<br />
Inscape Design College<br />
Investec Bank Ltd<br />
Intersite Property Management<br />
Jacana Media<br />
JSE Ltd<br />
Kaelo Worldwide Media<br />
Kwelapele Investments (Pty)Ltd t/a<br />
Modern Autohaus BMW<br />
KykNet<br />
Leaders Unlimited-Korn/<br />
Ferry International<br />
Lombard Insurance Company Ltd<br />
Lotsha Ministries Trust<br />
Mastrantonio Holdings<br />
Matumi Corporate Advisors (Pty) Ltd<br />
Matchboxology<br />
Mercedes-Benz SA (Pty) Ltd,<br />
formerly Daimler Chrysler<br />
Media 24 Ltd<br />
Mobile Telephone Networks (MTN)<br />
Montsi Investments<br />
N<strong>and</strong>o's Chickenl<strong>and</strong><br />
Narina Trogon CC<br />
Nedbank Limited<br />
Offcentre Design<br />
Old Mutual Life Assurance Company<br />
(<strong>South</strong> <strong>Africa</strong>) Ltd<br />
Paramount Group<br />
PG Group<br />
piece<br />
pinpoint one human resources<br />
Plascon Paints SA (Pty) Ltd<br />
Prosound<br />
R<strong>and</strong> Merchant Bank<br />
Remgro Ltd<br />
Richard Cock Music Enterprises CC<br />
Ron Belling <strong>Arts</strong> Gallery<br />
Sabvest Ltd<br />
Samro<br />
S<strong>and</strong>ton <strong>Business</strong> Improvement District<br />
Sanlam Ltd<br />
Santam Limited<br />
SAPPI Ltd<br />
Sekunjalo Investments Ltd<br />
Sasol Ltd<br />
Seyalemoya t/a OFM<br />
<strong>South</strong> <strong>Africa</strong>n Rugby Union<br />
Speakeasy Vocal Academy<br />
Spier Holdings<br />
St<strong>and</strong>ard Bank of <strong>South</strong> <strong>Africa</strong><br />
STE Publishers<br />
Summit TV<br />
TBWA Hunt Lascaris Holdings (Pty) Ltd<br />
Telkom SA Ltd<br />
Terraplane Entertainment<br />
The Boardwalk Casino &<br />
Entertainment World<br />
The Design School <strong>South</strong>ern<br />
<strong>Africa</strong> (Pty) Ltd<br />
The Everard Read Gallery<br />
The Forum<br />
The Goodman Gallery<br />
The Liberty Life Foundation<br />
The Sharks (Pty) Ltd<br />
Total Exposure<br />
Transnet Foundation<br />
Vega the Br<strong>and</strong> Communication School<br />
Vertical Limit Productions<br />
Vodacom Group (Pty) Ltd<br />
VWV Productions (Pty) Ltd<br />
Webber Wentzel Bowens<br />
Zanusi Br<strong>and</strong> Solutions<br />
Corporate<br />
members who<br />
joined BUSINESS<br />
AND ARTS SOUTH<br />
AFRICA after 31<br />
March <strong>2010</strong><br />
<strong>Africa</strong> Centre<br />
<strong>Africa</strong>n <strong>Arts</strong> Institute<br />
ATKV<br />
Black Coffee Design CC<br />
Cape Town Partnership<br />
Cultural Radius CC<br />
Diamscan SA<br />
Dalro (Pty) Ltd<br />
Durban Art Gallery<br />
Flux Trends<br />
Gauteng Film Commission<br />
Hamburg Artists Residency<br />
Interactive <strong>Africa</strong><br />
Iziko <strong>South</strong> <strong>Africa</strong>n National Gallery<br />
Johannesburg Youth Orchestra<br />
Le Canard Restaurant<br />
Live Wire Learing (Pty) Ltd<br />
M<strong>and</strong>ela Bay Development Agency<br />
Misael Art, Style, Design <strong>and</strong> Food<br />
Nelson M<strong>and</strong>ela Metropolitan University<br />
Sondlo & Knopp Advertising<br />
Ster Kinekor Cinema Nouveau<br />
The Br<strong>and</strong> Leadership<br />
The Cultural Development Trust<br />
thewinwingroup<br />
Translate.org<br />
Tribal Expression CC<br />
Vansa (Western Cape)
RP70/<strong>2010</strong><br />
ISBN: 978-0-621-39349-1