RAND WATER PROVIDENT FUND ANNUAL REPORT 2022-2023

10 Transfers 10.1 Obtain separate lists of Section 14 transfers to and from the Fund throughout the 2023 financial year from the Fund administrator, ‘Rand Water Provident Fund’, represented by Mr. Amos Mojapelo (Senior Accountant) and agree the totals of the lists to the amounts reflected in the “Transfers into the Fund” and “Transfers from the Fund” note 5 to the audited annual financial statements. Note any differences. 10.2 From the list of Section 14 transfers to and from the Fund throughout the year select a sample of the lesser of 25 or 10% of the number of transfers in and the lesser of 25 or 10% of the number of transfers out (selected based on the selection criteria provided above), and perform the following procedures: 10.2.1 Obtain the following Section 14 documentation from the Fund administrator, ‘Rand Water Provident Fund’, represented by Mr. Amos Mojapelo (Senior Accountant) Section 14 (1) transfers: The Section 14(1) application, approval letter from the Authority and Form G in respect of each transfer; and/or a. Section 14 (8) transfers: The Section 14(8) Form H and J, as prescribed. Agree the following information per the listings to the documentation received: • Name of transferor/transferee fund;

We obtained separate lists of Section 14 transfers to and from the Fund from the Fund administrator, ‘Rand Water Provident Fund’, represented by Mr. Amos Mojapelo (Senior Accountant) and noted that the totals of the lists agreed to the amounts reflected in the “Transfers into the Fund” and “Transfers from the Fund” note 5 to the audited annual financial statements. From the list of Section 14 transfers to and from the Fund throughout the year we selected a sample of 2 (10% of 12) since there was only 12 transfers to other funds and performed the following procedures: We obtained the Section 14 documentation from the Fund administrator, ‘Rand Water Provident Fund’, represented by Mr. Amos Mojapelo (Senior Accountant) The details per the documentation agreed to the following information per the listings: • Name of transferor/transferee fund;

• Effective date; • Approval date;

• Number of members; • Transfer amount; and • Growth and investment return.

• Effective date; • Approval date;

• Number of members; • Transfer amount; and • Growth and investment return. Note any exceptions.

10.2.2 Obtain the bank statements for the date of

We obtained the bank statements for the date of receipt/payment of the Section 14 transfers from the Fund administrator, ‘Rand Water Provident Fund’, represented by Mr. Amos Mojapelo (Senior Accountant). We recalculated the number of days between the date of approval (as per the Authority approval obtained in 10.2.1) and the day of the

receipt/payment of the Section 14 transfers from the Fund administrator, ‘Rand Water Provident Fund’, represented by Mr. Amos Mojapelo (Senior Accountant) Recalculate the number of days between the date of approval (as per the Authority approval obtained in 10.2.1) and the day of

84 Rand Water Provident Fund Annual Report | 2022-2023