Page 342 - Department of Social Development Annual Report 2021

PART E: FINANCIAL INFORMATION

REFUGEE RELIEF FUND

Notes To The Financial Statements Of The Refugee Relief Fund For The Year Ended
31 March 2021.

8. Events after Balance Sheet Date 9.4 South African Social Security Agency (SASSA) Report on the audit of the financial statements

None identified to date. A related party relationship exists between the Opinion Responsibilities of the accounting authority for the
Refugee Relief Fund and SASSA. There were no 1. I have audited the financial statements of the Social financial statements
9. Related party transactions transactions between the parties. Relief Fund (fund) set out on pages 347 to 355, 8. The accounting authority is responsible for the
which comprise the statement of financial position preparation and fair presentation of the financial
9.1 The Department of Social Development 10. Going Concern as at 31 March 2021, statement of financial statements in accordance with the Standards of
performance, statement of changes in net assets GRAP and the requirements of the PAA, and for
The executive authority of the Refugee Relief Fund is The annual financial statements have been prepared and cash flow statement for the year then ended, as such internal control as the accounting authority
the Minister of Department of Social Development on the basis of accounting policies applicable to a well as notes to the financial statements, including determines is necessary to enable the preparation
(DSD). Although a related party relationship exists going concern. This basis presumes that funds will be a summary of significant accounting policies. of financial statements that are free from material
between the DSD and the fund, there were no available to finance future operations and that the 2. In my opinion, the financial statements present misstatement, whether due to fraud or error.
transactions with DSD. realisation of assets and settlement of liabilities, fairly, in all material respects, the financial 9. In preparing the financial statements, the
contingent obligations and commitments will occur position of the Social Relief Fund as at 31 March accounting authority is responsible for assessing
9.2 Relief Fund Boards in the ordinary course of business. The fund is in the 2021, and its financial performance and cash flows the Social Relief Fund’s ability to continue as a
process of being closed. This will be done upon the for the year then ended in accordance with the going concern, disclosing, as applicable, matters
A related party relationship exists between the amendment of the Social Assistance Act and the Fund Standards of Generally Recognised Accounting relating to going concern and using the going
Refugee Relief Fund, the Disaster Relief Fund, the Raising Act, the processes of which commenced in Practice (GRAP) and the general notice issued in concern basis of accounting unless the
Social Relief Fund and the State President’s Fund. the 2012/13 financial year. terms of the Public Audit Act of South Africa 25 of appropriate governance structure either intends to
There were no transactions between the 2004 (PAA). liquidate the fund or to cease operations, or has no
above-mentioned related parties. realistic alternative but to do so.
Basis for opinion
9.3 National Development Agency (NDA) 3. I conducted my audit in accordance with the Auditor-general’s responsibilities for the audit of the
International Standards on Auditing (ISAs). My financial statements
A related party relationship exists between the responsibilities under those standards are further 10. My objectives are to obtain reasonable assurance
Refugee Relief Fund and the NDA. There were no described in the auditor-general’s responsibilities about whether the financial statements as a whole
transactions between the parties. for the audit of the financial statements section of are free from material misstatement, whether due
my report. to fraud or error, and to issue an auditor’s report
4. I am independent of the fund in accordance with that includes my opinion. Reasonable assurance is
the International Ethics Standards Board for a high level of assurance, but is not a guarantee
Accountants’ International code of ethics for that an audit conducted in accordance with the
professional accountants (including International ISAs will always detect a material misstatement
Independence Standards) (IESBA code) as well as when it exists. Misstatements can arise from fraud
other ethical requirements that are relevant to my or error and are considered material if,
audit in South Africa. I have fulfilled my other individually or in aggregate, they could reasonably
ethical responsibilities in accordance with these be expected to influence the economic decisions
requirements and the IESBA code. of users taken on the basis of these financial
5. I believe that the audit evidence I have obtained is statements.
sufficient and appropriate to provide a basis for my 11. A further description of my responsibilities for the
opinion. audit of the financial statements is included in the
annexure to the auditor’s report.
Material uncertainty related to going concern/financial
sustainability Performance information reporting
6. I draw attention to the matter below. My opinion is
not modified in respect of this matter. 12. The fund is not required to prepare a report on its
7. The enabling act of the fund, the Fund-raising Act performance against predetermined objectives, as
of South Africa 107 of 1978, will be amended, it does not fall within the ambit of the PFMA and
which will result in the dissolution of the fund. As such reporting is not required in terms of the
stated in note 13, these events or conditions, Fund-Raising Act.
along with the other matters as set forth in note
13, indicate that a material uncertainty exists that
may cast significant doubt on the fund’s ability to
continue as a going concern.

DEPARTMENT OF SOCIAL DEVELOPMENT ANNUAL REPORT 2020/21 342