Page 261 - DSD ANNUAL REPORT 2022-2

REFUGEE RELIEF FUND PART E: FINANCIAL INFORMATION

The Financial Stat
ements
T
o
Of
e R
elief Fund For
The R
efuge
Notes To The Financial Statements Of The Refugee Relief Fund For The Year
es
Not
Not es t o the Financial Stat ements o f the R efuge e R elief Fund f or the y The Y ear
ear
Ended 31 March 2022
ended 31 March 2022
Ended 31 March 2022
7. Cash generated from/ (utilized in) Operations
2021/22 2020/21
R’000 R’000
(Interest received) (24) (25)
Net cash flow from operating activities (31) (29)
8. Net cash inflows/outflows from Operating
2021/22 2020/21
R’000 R’000
Cash payments to suppliers and employees (31) (27)
Cash generated from/ (utilized in) operations (31) (27)
Interest received 24 1,625
Net cash inflows/outflows from operating activities (7) 1,598

9. Events after Balance Sheet Date
None identified to date.
10. Related party transactions

10.1 The Department of Social Development
The Executive Authority of the Refugee Relief Fund is the Minister of the Department of Social Development (DSD). Although a
related party relationship exists between the DSD and the Fund, there were no transactions with DSD.
10.2 Relief Fund Boards
A related party relationship exists between the Refugee Relief Fund, the Disaster Relief Fund, the Social Relief Fund and the
State President’s Fund. There were no transactions between the above-mentioned related parties.

10.3 National Development Agency (NDA)
A related party relationship exists between the Refugee Relief Fund and the NDA. There were no transactions between the
parties.

10.4 South African Social Security Agency (SASSA)
A related party relationship exists between the Refugee Relief Fund and SASSA. There were no transactions between the parties.
11. Going Concern
The annual financial statements have been prepared based on accounting policies applicable to a going concern. This basis
presumes that funds will be available to finance future operations and that the realisation of assets and settlement of liabilities,
contingent obligations and commitments will occur in the ordinary course of business. The Fund is in the process of being closed.
This will be done upon the amendment of the Social Assistance Act and the Fund-Raising Act, the processes of which commenced
in the 2012/13 financial year.

261 DEPARTMENT OF SOCIAL DEVELOPMENT ANNUAL REPORT 2021/22