Page 249 - DSD ANNUAL REPORT 2022-2
P. 249
PART E: FINANCIAL INFORMATION DISASTER RELIEF FUND
Notes to the Financial Statements of the Disaster Relief Fund for the year
ended 31 March 2022
2021/22 2020/21
R’000 R’000
2. Revenue
Interest received 1,169 1,182
Total 1,169 1,182
2021/22 2020/21
R’000 R’000
Travel and Accommodation 7 -
Fees for Services – Board Members 104 9
Bank Charges 2 3
Refreshments 5 2
Total 118 14
2021/22 2020/21
R’000 R’000
4. Audit Fees 53 35
2021/22 2020/21
R’000 R’000
5. Other Operating Expenses
Purchase - 48
Assistance to victims - 69,995
Civil claim and legal cost - 1975
Total - 72,018
6. Unallocated Receipts
Funds were received from KZN 396 396
Waiting for source documents
7. Advances to Implementing Agents 5 5
8. Civil Claim and Legal Cost 1,976 1,976
9. Risk Management
9.1 Financial Risk Factors
9.1.1 Market Risk
9.1.2 Credit Risk
Credit risk is the risk of financial loss to the Disaster Relief Fund if a financial institution to a financial instrument fails to meet
its contractual obligations.
The Disaster Relief Fund’s exposure to credit risk is influenced only by the individual characteristics of the financial institutions
where funds are deposited or invested. Reputable financial institutions are used for investing and cash handling purposes.
DEPARTMENT OF SOCIAL DEVELOPMENT ANNUAL REPORT 2021/22 249
