annrep 1011 1 to 148.qxp - Department of Defence

D E P A R T M E N T O F D E F E N C ESOUTH AFRICAN NATIONAL DEFENCE FORCE FUNDANNUAL REPORTfor the year ended 31 March 2011cial distress arising, directly or indirectly, as a result of any service or duties in terms of the new Defence Act 2002, (Act No. 42of 2002) performed by such members, and to provide facilities to or for such members and former members who perform suchservices or duties.S t a t e m e n t o f r e s p o n s i b i l i t yThe Board members are responsible for monitoring the preparation of and the integrity of the financial statements and relatedinformation included in this Annual Report.The Auditor-General South Africa is responsible for auditing and reporting on the financial statements.The financial statements are prepared in accordance with statements of South African Generally Recognised Accounting Practice(GRAP) and incorporate disclosure in line with the accounting philosophy of the entity. The financial statements are based onappropriate accounting policies consistently applied and supported by reasonable and prudent judgements and estimates.The Board members believe that the entity will be a going concern in the year ahead. For this reason they continue to adopt thegoing concern basis in preparing the entity's annual financial statements.P E R F O R M A N C ES t r a t e g i c o b j e c t i v e sA Strategic Plan for the Fund has been prepared and submitted to the Interim Board for consideration. Once the appointment ofthe members of the Board has been confirmed and the Fund resumes its activities, the plan will be formally approved and thestrategic objectives therein pursued.The objective of the Board is, with due regard to the financial position of the Fund and the requirements of each case, to rendersuch aid as the Board may deem fair and reasonable to members and former members of the South African National DefenceForce and Auxiliary Services established in accordance with the Defence Act, and their dependants who suffer hardship or financialdistress arising, directly or indirectly, as a result of any service or duties in terms of the new Defence Act 2002, (Act No. 42of 2002), performed by such members, and to provide facilities to or for such members and former members who perform suchservices or duties.KeyobjectiveStrategyPerformanceIndicatorQuarterlytargetsActualperformanceMembersProvide aid toqualifying membersand dependants..To enable military social workersand veterans' organisationsto identify and process the needand applications for aid.No of personsaided.30 Jun 20103 personsR0.00The Fund was not operationaldue to the following reasons:Board members were notofficially appointed and thuslacked an official mandate. TheBoard was only appointed on13 August 2010.The SANDF Order is stillunder review after which itwill be promulgated.276ANNUAL REPORT FY 2010/2011