RAND WATER PROVIDENT FUND ANNUAL REPORT 2022-2023

5 Reserves 5.1 Obtain the analysis of the transactions in the member and/or employer surplus account (including debit and credit transactions) for the period as disclosed in the member and employer surplus note to the annual financial statements from the Fund administrator, and perform the following procedures: 5.1.1 Inspect the registered rules of the Fund as obtained in procedure 2.4 and note the debit and credit transactions allowed in the member and employer surplus accounts listed in the rules of the fund.

“As per discussion with Amos Mojapelo (Senior Accountant) on 10/10/2023, Rand Water Provident Fund does not have any member surplus accounts. The trial balance and draft annual financial statements were inspected, and no member surplus accounts were identified. Procedure 5 is therefore not applicable.”

Not applicable

Compare the description of all of the debit and credit transactions allocated to the member and/or employer surplus accounts per the analysis obtained in procedure 5.1 to the categories of transactions that are permitted to be allocated to surplus accounts as noted in procedure 5.1.1. Note any exceptions.

Not applicable

5.1.2

6 Reserves 6.1 Obtain a list of reserves and other related accounts (e.g. pensioner accounts) and the movements (including debit and credit transactions) per the reserves note to the audited annual financial statements from the Fund administrator, ‘Rand Water Provident Fund’, represented by Mr. Amos Mojapelo (Senior Accountant) and perform the following procedures: 6.1.1 Inspect the registered rules of the Fund obtained in procedure 2.4 and note the reserve and other related accounts (e.g. pensioner accounts) and the debit and credit transactions allowed in the reserves and other related accounts (e.g. pensioner accounts) listed in the rules of the fund.

As per discussion with Amos Mojapelo (Senior Accountant) on 10/10/2023, Rand Water Provident Fund does not have any member surplus accounts. The trial balance and draft annual financial statements were inspected, and no reserve accounts were identified.

Procedure 6 is therefore not applicable.

Not applicable

Rand Water Provident Fund Annual Report | 2022-2023 75