Rf.(:ISTERFI) C.'OMPANY NIIMBER.. 329268 {F.n¥laii(l Wales) KEG" I%'I'T4,IITr.D C.'IIARITV N Iif+l IIF,R: 2357n8 AUDII'f4D FINANL"IAL STATCMI EN'rs R THE YEAR ENDED 31ST DF.CEMIITr,112023 Shaw liibb* Aiidil Lid 264 Bgnbtiry Road Oxfurd ()X2 7DY
CONTENTS OF THE FINANCIAL STAI'LMENTS lor tIiL eai- cniled 31st Deeember 2V23 PAg lieibori of tht l-ruslecs 3 10 10 Rei)urt of Ihe li)Ilti)eJidenl Audilor tlement ot. binAnciAI Activitit$ 15 IIAl#J)ee 4lJeet 16 10 17 LAsh Trlow Stalemtnl Noii'¥ ro ihe C#sh Flow Stutenient 19 Ntstes to tlie l.'inaiicial St#tcments ?0 10 .34 Detiiiled St*ttrneiit of 14 illAncial Actkvilies 35 iu 37
SOLDIW.RS'AP4D AVIAT()RS) SCRivfiiRI READfi RS ASSOCIATION (SASIIAI REPOIIT OF TIIC COUNCIL OFTRUSTfi,f4.S FOR THE Yr.Al{ EI NDING 31 DEcf4 MIIER 2023 The SASRA Tni.8tees, also bcing l)ii'eclor8 ot SASRA l()r Ilic piii'poses of tl)e Coinpaiiics Act 200C). p1'cnI their report and aiidited liiiaiiLial slaleineiils for the year ended 31 sl Dccember 2023. iii accordance with ilie CliaTilies SORP (FRS 102). secoiid cdition. October 2019. RF,FEIIEP4CF AND ADMINISTRATIVF, DF,TAILS Charily name.. Soldier%. and Aviatorn, Scripliiii Readers Associalioii ISASIIA) Charity registration nLiniber'. 23.5708 IEnglai)d aiid Wales) Cliarity reb?isli'alioii i)IiinbeT'. 8C039130 Iscotlaiid) Coinpany registi'atioi) niiinber.. 329268 (F,ngland and Wale%} Regi%lered oifice and operational addrcss.. Flavelouk Floiise Bai'r•ck Road AI,DF.R8H()T GUII 3NP Telephone.. Email-. Website: 03000 301302 adi11111@gasra.org.vk www..qa%ra.org.Iik Auditor Sliaw Gibbs Aiidil Ltd Wey Coliri West. lJiiii)n Road, Fariiliam. GL19 7PT Solicitors MIK>re Barlow C()i)corde l.1011se 165 Chlircli St Ea.sl Wokiiig Gl121614J Ilrokcrs RB(, Br¢win Dolpliin 12 Sinithfield Street ~oiidoii ECIA9BD STRUCTURE, GOVERNANCF. AND MANAGfi MF,NT ASRA ¢onliiiues to await Flis Majesty tlie Icing's consideration for Royal l)atroi)ag¢ oltlic Associalioii. whicli reinaiiis goveriied aiid ii)ai)ab7ed by 1£ pi-esident aiid Six vice-pi-esiileiits IVI'5). sei'i'iiib7 as chainpioi)%, aiTrd 17 Irii8tc¢s (known Coiii)cill IE5poI)sible l()r LJOvernai)ce, accoiinlal?ilily, 8li'at¢gij guidance aiid ensuriiig piiblic benefit oli beli<ilf of beiieficiai'ies. 111 2023. oiie VP and oiie triltee ivere add<xl, and oiie trustee departed. Oiir trii.glees briiig relevaiit military or prolessi()iial skill.s nd expei'ience. and miist coiifirin tlieir adlicrcllcc to A8RA's basi of belicf. 'fiie Lxeciitivc DirLCt(Tri", Tecriiited by Couiicil. IoLir directors aiid stall. deliver operalioiial objextive.8. OiitcoiCS aiid oiilptits. Plame Change. In iipliolding its Diversity aiid IIiLliisi()n poliLy. tlie RAF reinoved geiider-specific lei'ins like airinen in favoiir of what in InocleTn F.ngli811 are Lonsidcird geiider-iieuti'al ierins, in (liis ca.%e aviator. -[() retain good relalions with OLII. RAF 8poiis01's. SASRA Collowed by clianging tlie wol'd ainiien I aviators ii) its litle. SLicli is ali expression ot. oiii. williiigiies% lo niainlain the best ielatioiiship8 pn85ihlc witli tlie Ariny aiid RAF, remaining) sensitive to tliose iSSLies Ilial could cali%e otreiice, <ind relraiiiiiig from harniful discoui'se. Tlii8 cliangc does iiot Coinpioinise tlie gospel me55a¥e or oiir basis ol. belief. Page 3
STRUCI'iJK Tlie diagrain beluw shows the xuvernaiice aiid Inanageineni struLture ol. SASRA. Patrn Pi¥sid¥nt Eni81itus President Chairman Trust0ès1161 VPS {6} Executive tiirector Ministry Directo Operations Director Finance D5rector Facilities i?Irector President Mojc)I" Gei)cral lftctdl R J ThoinJon C13E DSO President Emeritu GLIILI'dl ilie Lord L)ani)all QiLEI LEJk. ML L)L Vice-l'residents Majoi. (JeiiLI'al I Iletdl Rev R M Llewellyn CB OBL M<tjur Geiiei'al IReidi Sii. LdLii'eiiLe New LIJ L IJL Major Geiiei'al D Reeve MC lappuinied M&y ?U?31 rigadier l Retdl W l L Dubbitt UBE C"i)l()iiel i Reid) F. B l. Arinisie&l C.BE Ladj J l.ariiier CouneillTruyiees Col (Rttill J W Lewis (Chairinaiil ljrig l) Ileeve MC IitsigFnLd M£ly 20231 Col t) Llliyoii L ul IIt¥idi C R RidLr CBÈ Lt Cul Illet(11 J C Allcii M13 C IIB b IILS l.t C()1 P R (J Bi'dy M FIF. RIFI.F. Lt L'ol M C'laydoi) KAMC. Li Cul IR¢idi N L E DdlV¢5 1.1 Col I ketdi C. M 8tCI Kirke Phl) Li C'iil W J D Wells Rilles mlJ A C MÈtssey QARANC Maj Ikeidi p D Shaiinon MEIE CAMU Sqii Ldl. R A Gallau¥her MBE {Retd) Sqn l.di' J CIl'LLI)ald l Retdl S411 Ldl" D Fl H¥aili RAF Mi. A M MdSSLy Itruin May 2023) Mi. S R Pryui. Mi. J P M Wi)E)Idi'idge EAriulivr Diiritiii 1.1 Ciil l Retdl Dr Martiii (Jliiiiecki Q(iM, RTh. RSC, MA, Msc, l)Phil ()xf. MIExpE, C.En¥ lappoiiiled 13 Mdl'Lli 1023) C.OVF,RNANCE overning Documents. 'I'he MeinordiidLiin and ArtiLles ol'Associalioii ol. SASRA wei'e incarparated on ilTre ?yili ol-jiiiitr l ()37 diiLI updut¢d by %p¢¢ial resi)liitioii iii 2023, i¥liiLII iliLofpoi-ciled Miss Ddl)iell's S()Idier%' I l()iiie5 IM D%HI. UiidLI' the C'oii)paiiies Aci, tl)e Associalioii incorpui'died a% (t L()Inpdiiy wliicli tlit Associatioii is esiablished, aiid IK)w il is lo be InÉind¥ed. CullDLiI. I"lie ?1123 .51)eiial r¢si)luli()1i SLI SASKA Erustees or Council lo be no less Ihaii 8 and no more rliaii l () peTsoiiiiel, whi¢li r¢quir¢s traiisitioii trom the previoLlS Iigures ol. 12 and 24 respeLlively in JU'JJ L'ouncil Iiiiinbered I I respoiisible toi. ovei'all xuveriiaiiLe ot the Association. Several coinmillees sticl) as the Finaiice and Siraie¥y Siib-coniniiiiees. ii)eel ag reiiLiired ta siipport the Loiincil's decision- Illdkiiig. 'I'h¢ CuuiiLil iiiay delegial¢ aiiy L)I' its powers io Loiiiiiiittees LUliSisllllg) ol'lriistees, able to call on Page 4
external expertise. Any siicli committee will coiiform to Ic ny regiilati()ii.% iinpofed oli it by Council. Uiiless otherwise delerinined. 250/0 slial I be 1¢ qiiorum. Qiie%tioii% ai'ising at any Ineeliiig) arL, decided by a majority of vote8-ili case of 811 ¢qiiality of votes. the Cliaii'inaii lias a 5eooiid oi. caqtlllgF Vote. ElectioN of Trustees. I'lie Council Inay appoiiil a SLlitable Irii8lec until tlie ii¢xl ordiiiaiy general Ineelii)g. whei) lie or she will ili¢i) l)e eligible far re-election. At the 01.diiiary geiieral nieetiiig. lield eacli yeai., ti'ustees tliat have served foi. tlii'ee yearq will I'etire bill will l)e eligible for re~electioii. ()nly Ineinbei's t>f the A.i%ociation arc ernpowered to vote iii siicli electioiis. Tru.le¢S Ilial liave servLIJ lor tliree lerin% of three years should iiot be re-elected for di least oiie yeai., Iiiiless. iii exceptioi)al ciroiiinslaiices. Ciiiincil coiisider8 tl)at il would be in tlie l)esl intei'ests of tlTre Cl)1lrity. New tTtistees attend indiiclioi) traiiiing covering tlieir role. respi)iisibilities aiTrd ohligatlOnS* <?iid the detailcd activilies dl)d aiiy issues ol- Il)L Association. Tliey are eiicouraged to atte11d third-party liaiiii11g as i?ecessary. Authority to Operate. SASRA and ils Scripture Readers are aiiih(Trrised to opcrttte by the Miiiistry of Defeiic¢ and sponso1.1 by 119 Lhaplaiiicy l)I'ancli wiihin Il)e Ariny and I£AI.- Iiiider a Meinorandlti of Understaiiding aiid (iciier81 Administrative Inslriielinn, I'espeetively. SASI£A is a Ineiiiber ()I' Ilic C.o)iiiicil of VolLintary Wclfare Workci's {C,VWWI Iliat exists as ali associalioii of chariiable oi¥ani8atioi)% providii)g wclfare sei'vices to tlie Armed Foices. MANAGEMENT SASRA employs five salai'ied DiiECtoi& accountahle lo Council. and I'espaii%ible foi. Icading. Inai)3¥11I and serviiig the Asqociaiion, deliveriiig it.q vi.sion. Ini%sioii aiid strategic ot)jectives. -flie CoiJ11ciI nieets several tiincs ani)Iially in ordiiiary council Ineetiiig8. niie of iwliicli 1% a15(F the Aniiiial tieiiei'al MeeliiiL. Extraordinary Coiincil meeting8 Inay bc called as reqliired. Thc Coiiiicil Inel tliree liriics iii 2023 10 delivcr it8 respoiisibililies. give .%li'alegic-level g711idaiice aiid deLi8ions. in order to suqlaiii Ihe Association. This year. Couiicil clPPOlllted 8 ncw Lxe¢iiiive Diiector. auththriscd Ihc rcci'iiitmeiit ol.- foiir new Scriptiire Readei's in 2024, coiifii'imed tlie visioii. n)issinn Iliid strategic ohjeelivc8 of Élie Associalion, Icviewid sli'ategic-level rifks. began a rolling revicw of Council-level i)i)lici¢.8 aiid IEcrLi1i a new liii.qtee with leg<21 expertise. Rev (Gp Capt) Tiin Wrighi 14S¢ MTh (RAF} Ret'd depaited in Marcli 2023, liaving OVeren ilie Executive Director role lollowiiig Ilie dei)arture of tlie previo118 F.x¢vutive Director iii 2022. We wniild like lo record our thanks to Tiin for liis leadership of ihc As.gociatioii dLIriI)g this tiine aiid for Iiis work previously as mini.stry l)ircctor. visior4, MISSI()N, OIIIW,CTIVES AND AcfiviTIES Vision. for every sei'vii)gi niember oftlie British Army aiid Royal Ali. Foi'ce {RAF) to hear Ili¢ gospel of .lesus Clirisl duriiig their pei'iod of service. Mission. 'fo spread the saving kiiowledgc of Clii'isl a]noiigTr ilie serviiib peisaniiel nt tlie Arilly aiid RAI-. Objectives. Consi51ei)I witli oiir cliarilable objec15, Ilie Council'5 qli'alegic obje¢lives al'e lo.. SUStain historiccil leg<iCy aiid qenior pati'onage. hold lo a doctrinally oi'iliodox B<iSiS of fc?Ith. • sliare the gospel eftectively witli Service per%oiiii¢l. Supirt Service Cliristiaiis iii i)ersoiial wiliiess a11d testiinony. coiitribute lo ilie spiritual wid material wel fare of Servibe pergonnel. grow Readei. iiiiiiibcrs to 30125 fiilltiiiie aiid 5 pailtiinel deploveil across Amiy anil RAF, place Reader5 to acliicvc In<ixiinuin iinpactleffect. be fiiiaiicially viable ic lid siistaiiiable. n)aiiage resourccs IIILiinaii, Iiiiaiicial. n)aleriall elyecliwtly. and be pray¢rfully dependent on Ciod f()r bleqsing. Activiti¢g. To deliver oiir vigioi). 11)155ioiI and objectives. SASRA einploys S¢riplure K¢adei"s. velcran Iraiiied ill theolo aiid Clii'istiaii Iniiiislry. <icross Iniiliiple Inilitai'y bases. cainps aiid slalioiis IliroiigTrhoiit Il)e Uiiiled Kii)gdoiM. Deploynients are l)èLsed oli secking Imaximiiin illteracti01l8 Wltli as maiiy Inililary perqoiiiiel aiid f1£ niilies as po88ible. and in cansiiltalion with Olir military chaplaincy spoiiq)rs. DLlI'ing the Pk)ge 5
yeai., SASIIA eiibJgtd iii tl)e tollowii)Li uctivilies=
(Jospel Ministry. 'I'lie Lvrt role ol- Sci'iptiii'e Ileadei's is 1() wiiness ilie gu%p¢l 10 ri'oops aiid tl)eir taiiiilies.
¥liiLlI Ive did ai 18 Ai'iny and RAF e5tdblishiiieiiis. Sci'ipliire IleadLI'% piovided spii'iiiial in%lruc(ion aiid
siipi?oi't, leadii)gJ {IiiL'_l()-01)e b)ospel ¥li&Jdi bieineiiis, bible studies lor botli SeJ'viLe personii¢l aiid their
lainili¢s, preE)cliing serinoiis, iiidividiial aiid Lolleciive pl'ayer. dev()tioiials aiid discipleship. 'l-hose that
J'espoi)d¢d pLisilively 10 tlie bFospel have beeii eiicourab>eil to ¢()Ine dLlive Iiieinbti's ul- SASRA. a
¢ui)11))Iiiiity ol'belitvei's aiid a IoLal chiii'eli participaiit.
Wellbeing Mn(I Welt#re. %crii)ture Read¢rs I'eacied to all wellbeii)bi aiid weltair iniei'aciioiis seiisitively
diiil rL%pecEI'Lilly, ¢iigJagiiigi witli iiiiliiary persoiinel dll(I laiiiilies ol. all baLkgJivunds, beliels aiid litestyles,
exieiidiiig p(ISluial cal'e to tlie pai'liLulai' iiLeil% (Ind si111atioiis tliey wiliies8ed. Tl)is iinportai)I practical
i))iJ)islry, buildiiig) Ii'ustwui'ihy i'eldlioEishii)s. eai'iiiiiLi respeci and t'i'ieiid5hip by patieiit. loiig-ieriii
eiigJ
Service personnel, aiid ivliere Il)ey Inusl pi'ioritise ellg)1lgemeiil% aloiiggide ()Ihers witliiii tlie 5PlI'ItLial.
wellbeing ai)d welfare SLipporl aflorded to Olir Ellilitary.
In 2023. 950/0 of all new reeTlllts that atlendcd ali iiiili
I'iiiidrdisiligj via iLlephuiie oi. LoiilrJctiii¥) oui lui)di'aisiiig. We have 41 figFoioLlS sat¢bllli£ rdiiig pttliLy. due loi.
I'¢view Iiexl yeai., aiid oui. Sci'ipruie Readeis are Irdiiie(l aiid 1]e1-e Iii MOD policie5 wl)en, iii tliose vei'y
isolai¢d opportiiiiities, tlicy engFab)e witli under 18-ye&s-i)Id recriiiis..
RAF Scrii)ture RL#ders. li) ?023. SASRA eiiii)loyed two tlilliiine RA l.. S¢ripiure R¥adei's, siill vastly
dispi-opoi'tioiiaie to ilTre Ariiiy niiiiibei. i)1-1 ? 1.he I'isk of liaviiigi iio 11A1.. %¢i'ipliire Readcrs I1 been
ov¢r¢uiiie iii Il)¢ s1101'l-leriii but we al'e taking aciiuii io raise the iiuiiibei- io live iii 2094.
I)LANS FOII FUTURE PEI RIODS
SLriptu re Reder (•ri)wth. Tl)e iiatiii'v ol. cliaplaiiiLy diid Sei'vic¢ lite is cliangiiig. Ariny and RAr
Llidplaiiicies will see ai) inci'ease in Iniiltilaiili chaplaiiis dnd the ad(lilioii ut Noi)-R¥ligioiis I'asloral
Ofticei'g INI<POs). SASIIA ii)ii8t adapl 10 tl)L cliaiibye% and SLisiaii) Ihe iiiii(ILie relaiioiiship ihat it has witl)
Iiiiliiai'y Lhaplains cll)d oihei. wellare services. SASRA'S sli'£ilegyic plaii is 10 g)row tlie iiiiinber ol- ScriptLire
Ileadeys t() by ?030, 11) iiieei oiii. visiuii aiid Jiiissioi), diid pu5sibly coinpensaie lor tl)e I'¢dLiCfiOii in
C lii'istidll wilnLSS Iri)IM In ilitary cl)aplaiiicy. Tl)e reeriiiliiieiil ot. luiii- new %LI'ipiure Readei'g lias beeii
<llltlioi'ise(l jii ?1194, whi¢li deiLriniiies iliai our ii)coiiie iie¢ds 10 IiicI'eas¢ by a&1 extra £200K annLially and
Ilidi ive iieed d slJ'aleb)v aiid Ldinp<11¥11 to I'aisL i(. Wl)ile i¥e sliull eiiiploy ILiiidraisiiig) LOI)siiliaiiiS where
iieLessary. LuunLil ai)d pi¢sideiits, iiiei)Ibei's aiid siippi)I'tcrs Iniisi see liiiidi'dlsillg as Iniiiisiiy. buildii)b
relarioi)sliii)s aiid i)artiiei'iiig) willi tliuse that SLIPP()I't LIS, 111 jllst tl)e %dine W£iy as WL see prayer, worsliip,
l()okingv attei. Ihe wiclows aiid orphans, as iiiiiiistri¢s. Ileci'LJi111leiit will seLk 10 bal
FINANCIALRFVIEW
FInaCIal Summary. As Clirislians. we are pi'ofoiiiidly ¥r<il¢lul for ihe I,ord's provisTon thri)ugh dic
giving ol. His people. A suinillary ol-OLir tiiiaiici<11 posltion. iii coinparisoii lo 2022. is as follows..
2023
£1265 140
£1.335.043
-£69,903
£8$8,186
£51,395
£180 673
£122,979
2022
£1.347,-351
£1 .37.5,OC)9
-£27.718
£997,550
£.52.32il
£152,472
£84,749
Cliaii
e+J_
Total li)¢ome
Total Lx
Nei Po.gition
Donations
Gift Aid incoiiie
L¢
ae
income
Iiivestinciit incoine
*before inv¢stinent ¥ain.s and losses
1.8/0
+18.5%
+45.1/
Dividend8 received froin stock Inai'ket iiive.stineiits glreiv £6.333115.2¢/n) aiid rental incoine inciEased
£20.038 (47.90/0) as we were able to rei)l oiit a iolal ()rtliree of oiii. pr()pci'ties oli sl)ort terin leases.
R£%erves Policy. CoLiiiciI i)olicy is tlial SASRA shoiild l)()Id I1wee17 3 aiid 6-Inontl)g' opcrali()iial
eXpild1t[ire. in Casli or iiear ea81) lo cope Miiih ca.%h flo, flLicliidtions aiid any sl)ort-terin. IiiiexpeLied
demaiid.%.%iich as a slidden, draincltic l<ill iii divideiid iiicoiiie. Tliere I'einain% risk tlial reeeiit cos1-of-
living inci'eases will liiiidci. fiiiaiicial giviiig and po.8sibl¢ increases in Lyiviiig. Additinnally. tlie
Association holds liousiiig slock for the condiiLt nf it% IiTriiiistTy. Ti'iistecs rccngnise the iiecd lo pn)vide
addilioiial lioiising lor oui. additioii&l Scriptiire Reader% or existiiig one5 wlio may l)avc to Inove froin
military SFA. This IEquirement woiild be Inel from restricted reserves.
Property. Where possible Sci'iptiire Readers are accommod21ed iii SFA. i)la¢ii)g tlTrem witli the
coininEinities to wliich iliey mii)i8ter. Sl.'A is norinally provided to SASRA .glaff at cl)aril
STATF.MENT OFTRUSTEES, RESPONSIBILITIES
'lie"l-riisiees Ill'e I'¢sponsibl¢ f()r prei)ariiiui the Ti'iistees, dni)Iial I'epori aiid il)e liiiaii¢ial statements in
acLoi'daiice i¥itli api?licable laiv aiid Ui)itcd Kingdoiii ALLoiii)liiig siaiidai.ds (United Kiiigdoiii Geiiei'ally
Accei)ied Accouiiiiiig Pi'a¢ticel.
Lui))paiiy law I'eqiiires tlie Triisiees to prepare finaiicial siateineiits eacl) tiiiaiicial yeai.. Llnder
Ll)InpdEiy law tlie'l riistees iiiiist noi appilive the tiiiancial staieiiienis uiiless tliey 'e satislied tl)at they
gFive a irue and lair vie1¥ ol-tlie siale ot. aftdirs ot tliti cliarily ai)d ot tlie iiicoiniiigi r¢suui'Les aiid
iipplicaiioii ol- resaiii'ces, iiicliidin¥) its iiicoine aiid exp¢iiditiii'e, ot the ¢liiii'ily for the year. In piEparin
liiiancial stJtLniei)rs ilie Triiqtees ale i-equii'ed io..
seleLt siiiiable a¥Louiitinb poliLie% ai)d tlieii dpply theni coiisisiently:
ol)s¢rve tlie 2iiLtliods und principles in Ihe Charity SORP.
Ill£ike jiidgieillenls dJ)d estiiiiatts thal are I'casi)iilible and pi'Lidcni; ai)d
pi'epai'e Ihe tlll<iiicial siaieii)eiits oli the gJoiiig¥ cui)ctrii batsis uiiless it IS illdppiopriaie io presiime
Iliat tlie cl)EirilablL ciiiiipuiiy will continuL iii business.
The 'friis(ees are r¢spuiisible loi. kc¢pingi adeqLiale aLC()IIDting reLoi'ds ihat ale sutliLieiil io sliow aiid
e.Kplttin Ilie Llidrily's ti'aiisaciions ai)d disclose wilh rel0¢}ble acciii'aLy at aiiy lime the Iiii(Iiieial positi()n
()t' Il)e el)ai'ily ¢iiid enable Iheiii to tnsLire tliat tl)e liiianLial staieIiieiit8 cuiiiply M'ith tliL IL"quireineiits of
IIIL Coinpanies Acl ?1106.-1'1)ey are also I'espoi)sible lor SaltbLIardIii Ili¢ ot. the ch¢irily aiid hence
loi. iaLiiig) r¢
REPORT OF TTrIE INDEPEf4DENT AUDITOR TO THE TRusfEES AND MEMBERS OF S.A.S.ILA. Opinion piipai?lii)n is appli¢ETrI)Ic laiv and I InilLd Kingd()Iii ALLI?uiiliiig .%tu1i(1rd8 (Ijnid KingdTrm (Jenci'ally ALpiL ALu>uiiiiii¥ In our opini()n (he linan¢ic11 siaicm¢nlE'. have bccii propc1.ly prL'parcd in iiL¢I)i.JclllLL wilh lJnitLd Kiiigd()m licllu1Jllv ALLCPIL.d ALuiunting l)r<iLIiLL- aiid Bgsls for opinion ConclusioD5 relatlng Its goiTr% Concern l)Iir rLSP(insihilitic.% and the iY.sp(In.%ibililiL'% l)I' lL t1'Ll%tL. ¥vith rLspccl t(Tr èoiiig ¢()nccin le d¢*rihcd in IhL Irlcvaiit SLLIi1117.4 1)r this reN)rL Other inforrnatM)n R¢piii'l, otliLr Ilian Ihe litncial stalcmenis ()ur Ilcpni'l (?I'th¢ Ii)dcpcndcnl AiiJiloi' Ihere()n. in i)ui' repvri. IVL do nol LxiTrrc%8 any l()I'm nl-a8%ui'anLL L(InLlii.%inn Ili¢iLiJn. we ali rcquircd ID r¢port iliai la¢L Wc havc ni)Ihii)g l(1 rcp(Ifl in Ihis Ilgaixl. Opinions other matters prtStribed by the Compaiiits A¢l 2n0( Pab?e I I
REPORT OF THE INDf.PF.NDENT AUDITOR TO THE TRUSTEI ES AND MEMBERS OF A.S.R.A. N.141ttti's wliielj WL xre require(l its reptsrt by ex¢ei)tits Resi)tsnsibTrlÉties uf Èrustees Pagie 12
REPORT OF THE INDEPEYDEf4T AUDITOR TO THI TRUSTEEIS AND MEMBII IIS OF &A.S.tLA. Our resi)onslbllltl¢s for Ihe Hu(lit of tht fina¢11 $tAtementi il-. indiviJually or in thc agg)rLgaiL. Ihcy ¢i)uld rLawiicibly be ¢NrLctc(I li) influenco Iht ccoiioniic dcLi8itsn% c?f' u.8eis ItikLii on IhL' lThe exieni which oui. pi'DccdurL'8 arl. puhlc (Il'dLiieLlin¥ ii'wgiilc1rilics. inLliiding Ir<iud 1.% clclailc(l iK'II)w'. our priKLdui'e8 are capahli ()l-dctcL'tiiig irrcgulariiiL inbluding Iraiid 1.% (kthiltd hcloiv.. The extent to Ivhieh the #uilit con.4i(lered ¢#i)%blt of Iletectiii% irregularStits Intlu(lifig fratid lh¥ cng(I¥Ln7Lnl partncr cn8ufLd Ihai Ih¢ enga¥LITlCllt tcuiii LnllccliYL,l)' had ilic iippropriulc Li)nii?cicncL. LaP£ibililie.% anil .%kill% lii li'om our Ll)mmc1¢ial kniTrwl¢(Igc Iiiid cxpcricncc É)l-IhL %ecit)I': ni)n-LninplianLe thiDuglii)111 the au(liL Wc IliL .SUSLLplibilily i)r IlTre LlllllP£llly'S liiii< n¢ial slaiL'inLnl.s l() lllalL'I'idl mi%%lal¢inLnL iiiLludin¥ i)bthining dn undLrsiandinLy ol'how fi'aiid migwht <lLLiir. hy-. m<iking Ln(iuiriL% of mdnaL)LiiILnl Ici whLii IY Ll)n8idLfL'd ih¢iY Ue1)lIhil1tj. USPCLtcd and l< IIc8ed Ii'aii(I'. aiiil Li%s%ed whLiher.judgLlliLni% dnd J%%umpiii?ns In(¢ in dtlLrillinii)g IhL aLL(lUliting c.%limale% WLre indiLalive ()f p<)I'l)liul bi&q: an In resp()n In tho risk i)I' iriiguli?I'IIICS Lind n(Ili-Lyiinpliaiici iviih law% and re8ulaliiins. WL d&%igned pri)¢LilurL% Ihilb iiibludLd. Lnquiring ol'nianagLm¢nl as li) aLtiig1 uiid pnlLnlial liiigatii)n and Llai1n%'. aiiJ 'Ihcrc ic Ir inlicrcnl liiiiiknilii)11s in i)ui' aiiJil proie(ILIILS l.rI b()v¢. 'I'he mi)re remnvcd Ihai laiv% aiid rcgulL?iii)n8 fii)TFTr pro¢cduir.% i'l(iuiij ts) idLiilily niin-L(ImplianLL willi l&wN rigulaiiiiii.% li) tyiiquiiy ()I' lh¢ dir¥LlI)i'% Jiid uihLr manJ¥Lillcnl und Page 13
REPOR'I. OF THE INDEPF.NDENT AUL)ITOR TO THE TRUSTF.ES AIYD MCMBERS OF S.A.S.11.A. Use of our reijort ?tA El4iiibui') Ili)aL ()X9 71)Y Pagje 14
S.A.S.RA. INCO STATEMENT OF FINANCIAL ACTIVITIIS RATIIY(' AN INCOME AND LIXPENDITURC ACC for the ¢ai' tiide(131 st December 2023 UNT 2Q2.3 Unrestricted rijnds Restl'lLted lunds 21122 F.ndthwineiil fulld.% l olal Tntal funds fuiid8 INCOME ANI) ENDOWMCNTS FROM 1.112.23R 1.132.2.18 1.258.942 9.92.3 Y2.354 122.97¢) M4,74() Tot41 10,Ci25 1.21)5.140 1,-147,351 I XPF.NDIT(IRE ON 5.175 54.1171) 69.1.13 ChAritwble Aotivities SLI'ipliiii Rc¢t(ILI'.q- ¢onlacl with 1,279,48.3 1,27l).411.1 TotAI 1,328,3R4 1.333.559 Net gains/ll(k%8¢.%l on inveslmciiL% 20.278 l Q.773 INCOMF'iifxpENDITIIREI Tran$fèr5 between fund.s .1(1.223 3n (125 137.3(781 1144.X7.11 Net Movement fund$ 5.5<)8 137.1(1%l 1144.8731 RECONCILIATION or r4UNI)S -3.0.12.25.3 5.25fj.142 TOTAL FIINDS CARRIEI) FORWARD -l.lJ.37.X51 5.1172 C)01 Thc notes form part of thes£ financial %tateinents Page 15
BALANCL SHEE6T Jlst D¥Leiiiber 2023 202? Total Iliir¢sti'iLt¢d I'uiids Ile%tl'iLled r.Iidowinei)t 'roial liinds funds b IXED AS41,- 1.1 i5.363 ? 1??.411J 7()X.()4¢) 3 ?77,766 1 ?77.488 3.2l)4, j47 1,2j6.I35C) In%'LslmLnis 1.6(yl.211? ? 8C)I,11 )• 4. j55.? j4 4.551.i06 CIIIIRkNT ASSE'rs 14 15.7?3 108.673 481,4l)3 -1.1)42 14? 857 ?96.y33 9811,02? 14i.Ib5 140.7C)I) (?11¥,56? 665.88C) CREDI'foRS 145.91 il 160.3261 NTr:'I' I'UIIREN'I. ASSEI'S 415,X4X -j()?.(?47 6U5,563 l-1)-fAL ASSL'I'% I,F.SS C.'IIRIITr'N'I' LIABILITIE i,037.851 5.157.06() PTr-NSION I,IAIIII.I'I'Y NL'I- ASSE-I'S 5.1111.?69 FIINDS 37i.121) 437.1}¥j 5?1 ?31 501,338 ?.U3).Oi ? 078,Ul{? 3,1137,851 3,039 ? j.I -roi'frlL FIINDS j,{17? ()Ul 5.110.261) The noies lorin PaTt ol these financial slal¢11{9 eontiniied...
S.A.S.R.A. BALANCE SHIIT- continuod 31st DeLembL'r 2023 'I'he.8e financial ststemenl8 h8vc bccn pPared in a111.(1&LL wilh IhL pr(Ivi8iiTrn8 appIlb[C to Lharilablc ucinii)aniL.4 wl)j¢¢l l() TIIL fin<incial s(ai¢mLnL8 IVCIL appi'iiv¢d l)y tliL Ik)£ir(l (il-'I'i'Ll8lee.% n0 auihi)I'iscd r()I' i%£uc on 22 Mdy 21124 ¥Jid iverL 8ignLd i)n ils bLhaif by.. J W l.cwis-'I I'uEl¥e Tlie notes forin pa]'l of tl)&Fe financial statemenls
S.A.S.ILA. CASH FLOW STATEMENT for tli eur ended 3 1st DeLernb¢r 2023 21J?3 NiiiL'. Latsli noiv& fi'oiii 01)¢r#lkng #ctivities 1?53,4711 13¥,8()il 1,8J31 InliiL'%I P&iid 140.7?81 C'ii$h tlows froiu iiivesting aiiivltles ii1.6441 67.168 6.104 1,245 41.7118 48.660 C'dsli IiLtyWS fi'oiji tiiian¢ith# activities 5.3U()I i.1751 i.30L)I ChknLie iij cM5h xnLI ciislx eciiiiwaleiit& iii the 'eibtsrtLllg pei'iikd ?.{?23 (bf tlil rviiortiiig period 4¥1.4l).I 478.%70 C#¥li xtL(I tAsh eqiiivxl¢JitS #t the en(1 ot'th¢ i-eimji'tiiig pei'io ?88,1}?? 4111,4l)3 Tlie iioies lorin pail ol-tliese linancial stat¢i)Icnti Pag?e I g
OTES TO THE CASJI FLOW sfATEMENT foi. tlie ear endeil 3 1st l)eeeinber 202 RECONCILIATION OV NKT EXPENDII'IIRE TO NF-I. C,ASH 14lA)W liROM OPFRATINC" ACTIVITIES 2n23 2022 Net txpen(litiire for the reportiiig ptriDIl la.F per the Siatement of FinRneial Attivitre.l Adjustmtn15 for: 137.3081 1144.8731 l(jdinlllo.%%e. an Tiivc.%lmLnl% 1 ()..322 If>.757 Interest iiceivcd IniLrc.%l paid l)ivi(ILI?(l% I'cceivcd 1491 11.2451 IlnLrea%Ll/deciea8e in 811)¢k5 IlnLrca.scVJLcreasL' in deblnr8 I)cci'Lci%C in crediliir% 11.8IHII 17.%841 12.()68 14.411 l l4.(KIS} 25_1,4711 Nel ¢h used Sn operxtlOllS 38 8951 ANALYSIS OF CHANGf.s IIN NL4T FIJNDS At 1.1.23 ca.sli flow AtJl.12.23 Net cash Cash ai bank and 117 hand 481.4()3 l()3.47]I 2%X.1122 4%1.493 1().7.471) 28%.1122 Tot41 4¥1.493 11)3.4711 211R.1122 Tlie notes forin part of these fiiiancial slateineiit8 Page 19
S.A.S.R.A. NOTES I'O THE FINANCIAL STAI'F.MENTS for tlie ear cndeil 31st Deceniber 2023 A('I'OII N'I'ING POLlCXkS %tand#1 11)? -l-h pri>l)iiblL ihai th¥ iliiolliL will kK' ILxeii'ed diiJ tliL' ainiiiinl iJn be iiieusuitu r¢liahl)'. Sp¢viliLall>. leL)IIL)' iIILiiliiV is r¥Lii¥ni ivhLn ihL ih&i'ildble Li?nipiiliJ is lirsi niiiili¢LI ll¢r gi?ni ol. pr(Fbuie, und only it- %'uIuL Lilll IK. iui%i)iiably LslimJied lui- all eleimLnls cJl'Lo%ls %iiLh us leLiJI lees. 'Ill ¢Obi fLl&il<'il 111 Ihi.. iuie¥oi)'. WhLIL cosis Laiinoi bL' Llirwily lliriblLlld i() purti¢ulai' h¥aLlings Ili¥y lial'i bLLII 4111u11L 10 ULliviLi¢s ¢onsiblLnt with ihL' ub¢ l'lls1}ulLkn. Rxisiiig fuiid5 C.'hki'itMlJle Metivilies (Jtsvernmiice 1o5ts Ilocatitsn *pi)oi'tiotkmeiit ol iosts 'I'angible fixe(l a55tt5 IIIO/u l(} 31.1.IVts L)li ui)bl M()li)r VLhi¢l¢s Pabwe ?0 continucd...
S.A.S.R.A. OTES TO THE FINANCIAL STATI:, MCNTS- continue for the ear cn(Itd J l$t Decembei. 2023 AC'.COUNTING POI.ICIES- contlmiieil Tanglble fiy4ed a5seL$ 4r¢chold i)roi)erties revalued £imounl%. Stocks S11)Lks HIE vJluc(l al thL Ii)wLr ol. ci)%11c lid nL¥I ii(Ili%al)16 valuc. allci. makin¥ due Jlli)wanLL l(>r i)1)sol¢ic and %low ii)(Ivin itcin& TaxAtion runrt aetounting Ilni'csiriLILd fLind.q can bc u8¢d in aLLTrrdailLL wil1Tr Ihe ¢hai'i12L hli (IbjLLtivLs ai Ihc (li%LrL'lia17 111'ih¢ IrusleL8. 'Ilic charity has live non-cxpen(lublc Ln(l(Iivinei)I fund.%. IhLse Crti Lapiial gill% ¢(Jmpri8ing nl. pN)pcrlics hcld Ini. Ilie peLiI IL u8c of b()u.%ing %criplurL' R¢adLr%. aiid Ii'u4tLr Status Inv¢slrnL'n(s. IDLI)IllL ¥¢iTrcI'aiLd lin IhL IIIVL.%tmci71% i FuTilier ¢xplanalioii Trf Ihe naturc aiid PLirpu.%c ofLaLh lund 1% includcd in thL n(IlLS lo Ihe finanLiJI .%laicin¢nis. Ilire purchase leasiii2 ionimitm¢ry15 periud ofihL leL2*. Ptll$lOll COSt$ othtr w).%t-retiremtnl l)enefits Investmtnts '17ie In¢S1MentI Jr¢ qiiolcd investmLnl4 dn(l %laled a¢ Irid-m&rkLI Viiliic ai Ihc bHIaT1. sh¢Lt dalL. .%iiiplusc% 4in(I dct1Li(S epaialely beiii'ticn lEali,(1 and unreali.scd LJain%. Page21 ¢ontilliied...
NOTES TO I'HE. FINAI4ICIAL STATEMF,NT% ¢oHtinued I'oi- the Laar eiide(131¥1 De£embei' 2U23 DI)NA TIONS AND LLLAC.'Ib.% 202? X58. l ¥h 997.i511 5? 3?11 152.47? 50,6(KI 1.13??38 l ? jll,942 O'I'H ER-I'IIAI)INC. ACTIVII'IES 20?2 INVLS-I-fvI LN'I. INC'OM E ()11.834 48.0¢11 1•?,979 84.74£) CHARITABLE ACI'IVII'ILS I'O.%'I'S Dii'eLt C usts (see noie 61 Sui)porl costs (see -rotals i()X..7X? 1.279.483 eoi)rii)ued...
S.A.S.IL
NOTES TO TFIE FINANCIAL STATEMF.NTS- co
for the
eai. en(le(131 st De£emher 2023
I)TRECT COSI'.S OF CllhRI-I'ABLE A('.TIVII'IKS
2023
2022
()Ihei' opcr&ting7 IcasL'%
416.853
41(?.SC)%
-12.725
Postagl &nd siationciy
Rlnl &. I"dlLs
4.f?()fj
23.18X
-1.3.2211
729
17..31)9
'I'ravLI & Inoloi. expcn%cs
C)Ihcr SI7n.cOSt
AcLoiiimodatii)n Ll)EL
Ci)nfLrcnces LxpLn.%
19.9f?()
211.77()
7.751)
41.9x4
().57()
5().()IK>
.i)%s on Sd1¢ ()f aCl
7.34(7
491
568.382
{]5.858
SUPPORT COSTS
Goveriiance
Mdnageinent
'[ otals
%cripluYe R¢ader5- L
NOTES TO THK FINANCIAL STATEMENTS_ Lomtinued I'oi- the ear enil¢il 31 si DeLenib¢i- 2023 SIIPPOII-I- CO%TS_ contiiiued MxTr#geineiit~ eolltiiiued ?{)? j ?029 ReadeTb- with Militai'y P¢rs0i111¢1 Total 550.?8k 14,1}36 i,7¥6 16,6¥C) 34.96() .1 iavul &. miitoi. LKI)ense l).8%7 4,349 70.4C}4 1.211) 16.7)7 1{?.3?? ()y¥. Y¥iJ (bveriixii¢e Éusts coiiiact with Total ctiviiies 10.5?8 1.700 Pagie 24 ontiiiiied...
S.A.S.R.A.
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31st December 2023
8. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2023 Auditors' remuneration Auditors' remuneration for non audit work Depreciation - owned assets Other operating leases Surplus on disposal of fixed assets |
2022 £ £ 10,612 10,528 2,200 1,700 16,323 16,757 18,957 33,893 (49) - |
|---|---|
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st December 2023 nor for the year ended 31st December 2022.
Please refer to note 26 for other transactions with Trustees.
| 10. STAFF COSTS 2023 Wages and salaries Social security costs Other pension costs |
£ 745,533 69,052 61,562 876,147 |
2022 £ 724,000 67,217 67,179 858,396 |
|---|---|---|
The average monthly number of employees during the year was as follows:
| 2023 HQ Staff Scripture Readers Regional Managers |
2022 13 13 14 14 2 2 29 29 |
|---|---|
No employees received emoluments in excess of £60,000.
The average number of volunteers were 96 this year (2022: 92).
The trustees have considered that the key management personnel comprise of the trustees, the Executive Director, the Finance Director, the Ministry Director, the Facilities Director and the Operations Director. The total compensation paid and payable of the key management personnel during the financial year was £201,715 (2022; 207,472).
continued...
Page 25
S.A.S.R.A. NOTES TO THE FINANCIAL STATEMENTS- Lolltinued roy tlie ear en(ILd 31 st D¢Lembei- 21123 COMPARA'I'IIILS bOR I-IIE s-fAI'EMbN'I- Ob THE FINANCIAI. AC-. I'ivI'fiES - 21122 I'b'AII P.ND RL4lI'ict¢d iidowiiient liinds Total lunds tr'iinds INC.'OML AND Tr.NDUWMEN'I'S ?58.1}4? l ? j¥.C)42 3.66U 84.74() 58.751) ?5.1)90 1.347.3il 'I'otMI EXVI,'NDI'I'IIKL ON 1,305.L}36 l.)ts().7{)(I 1.375.(169 NE'f INC..011{ b'XI)LNDI'fiiiiE I'raii&fvi's h¢tween fvnd5 1144.X731 ? j.IN)11 Net niovem¥iii lyii(Is 183.7431 1144.¥731 REC.'ON('II,IATION OF FUNDS ? 161.75() 3.119.3.383 5.255,142 'I'I)'I'AI, I.'IINDS C.'AKRIED foRWARD 3,1112 ? )] i.1 l 0.?69 Pag< ?6 COl)tiliLJed..
&A.S.ILA. NOTES TO THE FINANCIAL STATEMENTS- continued fur thc ear cnded 31 st December 2023 12. TANGIBLE fixEI) ASSTr.'r.s Freehold property riii'niture Mntoi. & Equipm¢llt vehicle Totals COST Al l %l.Idnuary 21123 3.297.022 54()1 54VI Al 31 st l)ecL'inb¢r 21123 3 2(}7 ()22 3,417,854 DEPRECIATION Al l sl J4iiTruaiy 21123 C.htirgi for year 27.387 7.497 )4.8.7(? 7.421? 12_3.8.5(1 11?..32.3 Al 31 $1 l)ccemhLr 21123 34.¥84 NF,T BOOK VALIIE At 31.Rl I)LLcinbL'r 2Q2.7 -3,2(12 7314 -1.277,7C)() Al 31 st l)cceml?Lr 2022 3,270 2.15 I111?45 5,3(I7 3.294 547 All Il)L frcehiild resid¢tI1 pix)rrI1c* wLir rcvalucd by m{agcm¢nI diiring Il)L yLai' iin Ilie b£LSiS 1)l-a prudLni L%tllll<iic i)I' rcsi(lual value. 13. FIXED ASSET INVESTMENTS 2Q23 21122 ShaiL. (Ilhcr 1.243.174 1.20Y.2R9 47.671 1 277.4RX 1.2.5(?.959 P<1ge 27 uoiiliiiued...
NOTES TO THE FINAIYCIAL STATEI MFNI'S- Lontinued for th¥ r endeil 31st Ileeeniber 2023 13. IXED ASSE'I. INVLSTM ENI'S- c(bi)tinutd l.isied hqklRkL-I' VALIIE 1 ?09,?()D 51.644 {47.74()} 29,()86 1,243,174 NET BII()K VALIIL Ai I l %1 l)LLLnib¢r ?11?3 ,243,174 l.isted ii)vestinenlS ?31.375 1.241.174 ?11?3 34.314 47,670 Pa¥e ?8 continued...
S.A.S.ILA.
S TO TIIF. FINANC.IAL STATF.MINTS- continued
for the
ear cnilL,d 31 st ikeeniber 2U23
14.
STOCKS
2112.1
2a22
23.
S.A.S.11.A. Tr4OTES TO THE FINANC5AL STATEMENTS- ¢ontiniit41 I'or th ear L'nde(131si Dec¢nibei- 2V23 MC)V b:M b.N'l- IN IITYDS Nei Inoveineiil Ti-anslers betwe¢ii tunds At iii lunds 437.985 11)3.4841 311.02) 375,126 1,138.6g3 521 ?31 ? 1}7¥.Ulfy 173.i911 311.0?5 U.lj,11511 .nclowttLtni (uii(Is 'hL' kii)L l.'dii¢ll'J Vll %iJldi¢r% L %ailui 4¥1).I X7 j()9.l}8? 7.*75 10.6331 489.8?C) J9<).682 ? 136,()66 8.8x9 2.785 ?.7¥5 3.113? ? j3 -1(),223 3,037,851 TO'fAI. I,-IINI)S 137.36x1 Resoiirces expen(led Gains ajid loss¢s Moveiiieiil in luiids resoLII'¢eS I l.-1?8..1841 193,41441 19.8C)3 ?34. j15 11.3?11.3¥41 ?0.?711 Eiiduivment fuiids ().633 ?3.()C)? 7.?7) 28,1)4 ¥,c)x? I'o'rA l. bllNI)S 11.333,55()1 31,051 137,36gl Pagje 30 continiied...
S.A.S.ILA. NOTES T THE FINANCIAL STATEME4 NTS- continue for 11)e "car eiidt(1315t DecembcT 202J 18. t4lOVEMENT IN FUNDS- tontlnrit CoMp#rntives for movement in fiin(Is Nel Inoveinent Tiansfer8 bctthrcen fuiicls At 31.12.22 At 1.1.22 in luiids UnYestri¢led fuMI. licnc121 lund l)c%ignalcd l.und - I'iopcriTCS T)c.%ig7nalcd Fund- InvLsim¢ni8 47.1.C?l.f 1.38.fi1}3 54().431 25,y(Jl 437.985 4¥,1)931 2.161.759 11 (19.7.131 25.Y911 2.1178.011? Endowment fiinds -hL Kiiig fdwai'd Vll %olJi¢iN & Suili)I IN.4. l.und 'I'hL C"iinsi>lTdatcd l.lind 'I'l)c W I I l)awson'T-I'ii%l 15,6()91 4%().187 3C}l).C)R2 2.181.51Q 11.881) 129.4791 .X8() 2.785 'I'hc mrtcr IlcadLI' l.und 15.141)) -6 11.12.253 TOTAL FUNDS 5.255,142 1144.8731 InLoining I'esouice5 Re%()IiTcc% exi)ended Cyiiin,s <ind Moveincni in fiinds Unresti'icted funds l)L8ignaicd fund - Inv&%tm¢nl {48.Ib)31 14¥.11931 1fi1.3341 1109.7.131 Endowment funtls 'Fhc King E-Award Vll %(IldiLlS & 4ailnr. Ins. l un 'he W I l DaiVx(in'fi.%I 5.()61) 20..321 45,6¥21 29.47()1 25.C)(A) 55.¥211 TOTALfvNDS .347.351 1.175.0()91 144,X731 hi$lorical cost nt invcstmcnl%. PakJe 31 c()i)tiniied...
S.A.S.ILA. NOTES TO THE fiNANCIAL STATEMI.NTS_ contÉnued for the ear ended 3 1st DeLenibei- 2U23 18. IOV LMkNT IN FIINDS_ Lvlltijiued invL'siillLnis. bali)11Li 14fJ4 iniliJll)' hLld in .1 i-u%lLI Siaius InV¢stlnIs. bui Wiis sinti si)Id <ind Ihe pruLeL'ds IiLld in d depi)Sll ULLounl. 'I'lIL Miiilii. IILJJL'I. l. kind - 'I'hi5 iytis lund helJ in 'l-ru51eL %iatus Iiivgsini¢iii. anLI %iIiLL" &old and ihl pi'oL¢e(1s 7'rM115ttrs bL'tw¢¢i) EMPI.OI'EE BENEb-Il' OIILIC*AI'IONS 3? eoi)liiiued...
S.A.&R.A. ES TO THE filNANCIAL STATf.MENTS- continued for thL' vegr ended 31 st December 2023 20. RELATED PARTV I)ISC.LOSURES being Iheir ni) pr(IpLrtio% hcld in SLniland. 8(} cl11 IhL I'u11d is Ping held iii '1 ru8lcL %lalii.% InvL%liiiL'nl%. Iinlil x ii¥iv pinpei'ly 18 pufLliTr£ %ed. Invegim¢nts A¢¢ 14()l. As Y>lc hcncliciary.'I'hL A%%?Cl jilion llLI.s aq tlic.%eciriariiil l<ir IhL'I ruE(¢LS. 121122.. £_35.4291. Tncludcd in suppoi'i Ll)SL%. IS thL wlcifv ()thei' ci)%L8 a%)ctll wtrih the managcmcnt nt. Ihe .laLkM¥n C.'lub i)i) bchall-nl- Mi58 Danicll's %i)IdiLrs' l-li)mL& atniTrunliiiB lo t52.52X121122.. £4C).8()51. Ai tlic year end. IliLlI' wa8 J l)alanLL ILLLIV41blc Iroin Mi%% l)WLIILII'8 SolLfiLI-.%' Ilomc% ol-£1177.1193 12(122.. 112.2221. 21. POST BALANCF. Sllli F.-I' Fvf4,N'rs %ubjLcl to regulal(Iiy appr1)VlI 1liL S,ISRA Ci)unLil. aLiing £lS th¢ L(Irpiir#ic Iru%lcL ()I' Mi8$ I)L1l11,. %Dldicrs I lomc8 and managlmeni liin¢ti(In.4 avHi11c blc in SASIIA. aiid will Fonelit SASIIA b}, providing Incalii)n.% In)iii ivliiLlI 4LflPtIiic In(Ide81 annual Ii)%s. and il 1% IhL dmhiiiiin ol. IliL-I rustLLS Ilicli thiq thuulJ IK I'LVLI'.*d cind IliL 'l)1-k hL' pul i)ii a %LLurL tooling lo guaianlcc Ml)Sl I'% luturc and PLriiiit LhpJn8ithn Page 33 coi)tinued.-.
S.A.S.11.A. NOTES TO THE FINANCIAL STATEMF.NTS- coijtinu¥d for th¢ eAI- Lndoil 3 1st DeLeipber 2023 22. I>F.NSION COMMI1-'1 EN'rs 23. MbMIII,:IIS' LIABILI'I-Y Page J4
S.A.S.R.A. DE4TAI ED STATEMf.NTOF fiNANCIAL ACTIVITI for the ear en(led JI st Ikcembei. 2023 21123 21122 INCOME AND ENDOWMfN'T'S Donations anil kgacies 5¥.18C) 51.-195 )97.5511 52.1211 152.472 l.LgaLie% 41 <}1¢4 1.172.23% 1.258 C}42 Other trAding ¥c(ivities IveStment Income Rent8 T¢CClI(ed l)ividLnd income epi)811 dLLUUnt inteiE8l ()8.R.14 41.79(? 1,245 12297 TotAI Ineoming resolie% 1.2C?5.141) ..147..351 EXPENDITURE Kaisiiig donfitions #Trd legacies Sal4iric% and cxpen%e.% social 8ecurity 5..Sfy4 517 243 23X 5.21)7 48(? 2.31 X5 Pngts¥c an(1 slatianery Reiii & I'aie% 540 7X M(>l()r LXPLII%C Publicity & advertising 725 -38.1153 -7(1.758 44.88 Other trA(Iln2 xetivities l>ur¢has& Q.R2 Inve5tmtnt manxtgement to$ts 8,814 RLlli c(?II¢Llion 7,3()% 15.9_36 14.424 I'his page doeq iiot foi'in part i)f tlie statutory financial 4laleinents Page 35
S.A.S.11.A. DETAILEI) STATF.MF.NT OF FIIYANCIAL ACTIVITIES e#r cndL,d 31 st D¢¢einbLr 2023
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21)?2 341).557 34C).27X 30.5711 36,7511 -34.%68 17.l)08 4.61) j i,461 ?).188 33,9?0 l .1] 700 7?1) 17.361) ?11,77 7,75C) 41 C)84 h,i7C) 8.r)ui 5.3?11 1.319 7.346 i(?%.-382 6113.85¥ 5ui)iJurt LO515 llinng¢ineJit %alilli¢S diid Lxp¢nse% vLiuI )¢¥uiiL) 169.i15 ?().451 I.IM9 13.363 30.11) 1.168 ()thi'i' I>PLraiink l¥J% 5,4115 3.¥3? 5.771} 3? 1174 43.¢)6j 35,4?() 14,C)36 3.78(1 16.611 ¥.670 16.{1?? 3.?0¥ ).¥87 40.1¥1 4,7¥6 7.41)7 7.49 j 71).4L)4 undi'iL 7,4l)7 7,860 1,833 This page do¢s iioi torm part ul'ihe siaiuioyy IiiiaiiLial staietnei)ts
S.L&R,A. DETAILED STATI,MlI NT OF flyi ANCIAL ACTIVITIE for the eai- elided 31st December 2U23 21122 MfinAgemtnÉ GoIranCe costs 2.2QD 12,228 'r(IlLII r¢siiui'cLs LxptiidL 1,33.3.$5L) 1,175 P4tt expenditure htfort gAins Miiil li)55es 127.71 N) ReAltstd recognlstil And lthss 11.91191 Net exp¢thdÉlur¢ 1)7,.3541 This pakJe does Iioi fotni part of the.%tatutory fii?ancial statemenl Page 37