Page 286 - Department of Social Development Annual Report 2021

NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 MARCH 2021

27. RELATED PARTY TRANSACTIONS

Payments made Note 2020/21 2019/20
R’000 R’000

Goods and services 5 700 -
Transfers and subsidies 95 000 -
Total 100 700 -

List related party relationships

The following Entities established in terms of the Fund-Raising Act No 107 of 1978 report to the
Minister of Social Development:
- Disaster Relief Fund
- Social Relief Fund
- State President Fund
- Refugee Relief Fund.

The following Public Entities report to the Minister of Social Development
- South African Social Security Agency,
- National Development Agency

The Department entered into a partnership with the National Development Agency (NDA). Based
on the partnership agreement, NDA would administer the CARA fund and transfer funds to
intended organisations on behalf of the Department. An amount of R5,7 million was paid to NDA
as a fee for administering the CARA project on behalf of the Department. An amount of R95 million
was transferred to NDA for transfer of funds to Civil Society Organisations (Transfer Payment).
Based on the progress report from the NDA for the year ended 31 March 2021, an amount of R46
million has been transferred to funded organisations. The amount receivable from the NDA will be
recognised at the end of the contract period when it is expected that unspent funds will be
surrendered back to the Department.

The amount receivable from the NDA will be recognised at the end of the contract period when it
is expected that unspent funds will be surrendered back to the Department.

286 DEPARTMENT OF SOCIAL DEVELOPMENT ANNUAL REPORT 2020/21