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
t￿lement 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'c￿nI 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 tril￿tee 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. Oiitcoi￿CS 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
m￿lJ 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 OVer￿en 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.
Supi￿rt 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<lgeineiil Lcinlisiiies io be an iiiiporiaiii part ol-buildiiigi th¢ Kiiibdoii) aIid lielpiiibi soldie2s aiid aviators
biiild Inenial resilieiiLL.
Teacliing #nd 'l'raining. l)Iii'in¥ i)ppoi'iiIi)itie￿ t()I' tedehii)g and traii)iii&i, 4ucli 8s involveiiieiit iii ieaLliinb
Il)e iii()I'al cuiiipuiieiil ol. Ii¥htiiig power lliid wliai il Incans ro tight justly <iiid inake etl)i¢al deLisions. our
S¢i'iplLire IleadeES liave be¢ii vtl.), Pl'L)diictive disiribiitinL Ilibles. hiblical tracts aiid painphlets to ￿5751
8ei'viLe pei'svniiel iii il)eir Lll)dei'siaiidiiigJ vl. ubjtLlive Inoral valLies aiid 113e iieed for a spiritLial diinensian
iii tlieii. IivL%. Tliey l)dve l£ikeii evel'y vppui'liiiiily lo explaiii. del¢iid £iiid Lolli￿lie1]d tl)e Cliristiaii Inessabie
wliicli ¢aLh soldier and aviator learii% aiid Iheii revises ai)iiiially.
Eveiity. SASRA ()rL>aiiised several events diiriiig tlie y¢ai' iiicludiiii): I I I Projcct Xerci5e. a pilot event to
eek tl)e valiie ol'Luiiiing? aloiig>side youiig Chri5liaiis wlio al'e ¢()iisi(leriiiLI a Laitei- iii tl)e Iiiilitai'y.'121
F.dii)bkirLII) 'latTo(). wliere we suppiirl with a caiiieei) aiid Sci'ipliii'e R¢dders; (J} soi)ie ouli'eacli occasioiis
i() e.xpi)%e 8ASRA ro C.lii'istldll CC)InniiiiiiliLS aiid people il)ar Inay wisli l() L)ray aiid fiiianLldlly support its
missioi); aiid14} fiiiicli'iiisiiig¥ klclivilies.
Public Ilenefit. ()ur InEtin aLlivilies iiiidenakLn lo tLlI'lliei' uiir piii'POSlb lur iht piibliL benefit al'e..
CDI)Illlkiiiicaliii¥ rlie ¥osi)el ()t'J&iis Chrisi io serviiigi Inei)Ibers of rhe British Ai-lny und ilie RAF
* assisliiigi 1iijlj1￿1I'Y Lliapldilis, cl￿p1a￿lIlY aiid wellai'e teaiiis in tli¢ pi'DViSiOlI Ot spiriliial and p&storal
i)I'oiiii)tinbs illtei.deiioiniiiational CEiristian fellowship, aiid Ihiis Ln¢ouragJing the beiiefits of
eiiLOllI'aLiiiig believers 10 Itve a C.lii'istiaii lite iii accoi'daiice will) Iliblical pi'inLiples, in submissioi)
io ilie Idw all(l in a iiiaiiiier Ilidl i511)vii)gV, L¢iriiigi ￿lid LUiliPaSSiI)lldle; aiid
Sli'engyilieiiinL) relatiuns betweeii 11)iliiai'y peis01)iiel aiid luLal LOIIIIIILllllties.
Wliile i)Iir Inaiii elli)rl is suppoi'ting British i)iiliiaiy persoi)iiel aiid tlieir tdniilies. we oftei. vur miiiisiry io
those adj<LLeiit wliti'L &)i)i)ropriate and regiiirdless of I'aiik or class, tinai)cial statiis, edLicatioiial standard.
ACHIEVEMEI NTS AND PERFORMANCE
As d Cliristiaii org)Ai)isatioii. we dre C411'efLII in 11)easLlI'lll¥) ai)y pertoi'iiiaiiLe tliat woiild olteiid tlie Holy
Spii'it siibjeLts al'e bui'ii agiai iii Ihroiigli r¢peiitaiice, lailli, l-lib w()rk diid iiul uiitS-Oill' I'ole is to engab)e
witl) as Iiianv Sei'viL¥ pcrsoiinel aiid ilieii. laiiiilits Js pL)ssible, pi'oLlaiiii i1)¥ Ihe g>ospel. disLiplii)¥
providingj %pii'itLial iVLItEii'e. enliaiiLinbi wellbeing aiid iinproviiibi Inenial resilience. Deployinei)Is last year
JI)VL %cripiiiTe Ileader% acce.88 to ai)i)I'oxiinJiely 511.OUII %ei'vice i)er.%()iiiiel. i)l(Is tlieir fainil ies if iliey
liveLI iii %ervice rainily Accoininodaiion (SFA I. At iiiitial ti-aii)ing establishineiits siicli ￿ 1.rc Catteric
aiid A'l-11 Wiiichesiei., oiir SLripiLlI'e Ileadej's have access to evLI'y recriiit tliat eiitels siiigslc-digit
Ili()Iisaiids last y¢ar aiid <ll'¢ ahlt Iv eiig)<tgTe <15 pai1 01. Ilie spii'iiual J)eeds aiid ethical Iraiiiiiib. Aecess to
ivsi siildiers is siiiiildr ai Pliase 2 iecl)J)iLal iraiiiii)gy dl pldLes siicl) ds MOD Lyiiel)ai)i. Oiliei. Scripliire
IleMdei'% Iii'L (ILployL'd Jt lurLJe iiiilitarj, esiablislinienis where 11)ey have 1£ Lcess io beiiveen 800 aiid 6500

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<il pieseiilati()n by oiie ofaiir Cl'll)tiire Reodcrs
accepted a Bible oi. New l e%taiiient ii) Ilie ol'der of 31K>O persoiiiiel. Tlie following week, whicli is not
oompiilsory attendaiicc. appr().xiinalely 300/0 ILlurne(I for a qimplc cliiii'cli scrvice event aiid io lie41' ab()Iil
Cliristianily. Ovei. liaifoftl)()se asked oli initl¢l1 aiTival at a traiiiing establisliiiient Slate Ilial tl)ey woiild
like to kilow more abolit the Cl)ri%tl<ili faith, wliich allows our Scriptiire Readers lo eiigage. On hases aiid
statioiis, Scripture Rcaders delivered an average ot 13 Bilile stiidies Iier week. l O IoiigF coiil'seg %iich as
Alph<l11-lope Explored, 20 sliorl ciisloiii-lnade Loiirse8 loi. pai'ticiilar gi'iiiips, IILld nvcr So 01)e-to-oiie
coi)ver5alioiis eacl) week about faitli pliis additional wclf<ire and wellbeiiig iiileractlolls <l11118igT])POs1iiig
of soldiers aiid aviatoi's. Scrii)ture Readers L()ntiiiiic to innovatc, exploilingF otlier Cliriqliai) activitieg SLi¢II
as Care fur Ilie family's 'f)aie iiig11t iii a IIo.x' <iiid ci'cate iiew opporluiiities to proclaim tl)c go%i)cl by
temptiiig tIEats of siini)Ic foiKI aiid driiik. Iniiriiinb) Ic)aqt aiid tea eve1)14 Started in 2n23 olleii h£1ve iii) lo
80 attendees. whicli allows all Inilitary welfare agencies to engage also.
Projeet Xercise. SASRA staff Tan Project Xer¢i8e. a i)ilot eveiit tliat OCCLiri'ed ovcr a sprii)bJ w¢¢kLiid, to
seek Ilie value ofcoinii)g aloiigside y()Iiiig Clirisli£l lis w110 are coiisidei'iiigT a career in the military.'I'h¢
inleiil W<lS to eiicoiiragc tliem iii Inaiiitaiiiiiig interest iii Ili¢ lorces and liow to gji'ow their faitli ivliile
serving, witli soinc ba.qic biit lielpliil idecis <iiid pr•¢liLes. We112d six atteiidecs il)at al'e consideriii¥
Inilitaiy Lai'eer. incliidiiigi one temalc and ilie collective respoiise t'ioin theill W<18 veiy i)nsitive. We are
refleLtIllLF 011 Iliis ii)ilialive aiid may decide tn exp¢ll)d the iiiiinhcr nf altciidees iiext ycai.. seekiiib tlie
involveineiit of oihci. Clirisliaii Military Orgaiiis¢ltions and an), iiltci'esl Iroin inililary chai)laincy.
F.dlMburgh T*ttoo. We deployed mol'e Scriptiire Readers aiid HQ %laff tlian prcvious yei?1'8 to a&qist with
tlie EdiiibLirgh Tattoo diiriiig late .lulylearly Augyiist. li was ali opportiinity for iiew Scriptiirc Reic der8 to
be Ineiitored aiid lor oifice sldfyto witiie8S tl)e praclicic I wnrk of Scripture Readers. .%0 gaiiiing greater
viiderslandii)L and appreciation of Ihcir ()wn ¢onlribLltion t() 8ASRA's niinislry. Wc raii a caiiieeii-ba.%¢d
iiiiistry. sei'vinll￿ hiindieds ()f liot and cnld diink% <iiid' giiacks daiiatcd fni. tlie eve.iit. FJi)d All wil11 2 gT{)al of
proclaimiiig the gosp¢l with tl'OOP5 reliearsiiig for this world renowiicd eveiil.
Oui. Day. Our Day took place on Saturday 16 SepteiKber al l-ligli Cioss Cliiirch. Cambci'ley. Tliis Wa.￿ an
iii-i?erson evei)t, lollowing tlie recluced tui'biilence eaiiscil by C.ovid-19 thc1t had made qiich gic therings
inappropriate. We had arvuiid 80 attendees and Iho%e that comrneiited diii'iiig tlie eveiil Ivere very
positive. really loved tlie talk.8 by the Sci'ipttiie Readei'.%. thc new Miiiistry Directoi s iilspirin¥ huixily
and the powerful testimonies of soldiei's iliai liad been i11gpired by our Scripture Readers.
Di%ilization. We begaii tra1151ti()iiiiig lo InoTe digTrital Inedid coininuiiiclltion in 2023. first wii11 the player
l?Iilleliii aiid Iheii RL'udJ, MagyaJ.iii¢, lo exploil Inodei'n teLhi)()logies. move with cultiiral dcveloi)Inenls.
and tQ.S8ve on Ilie ¢o.%ts cil-priiit Inedia. We are .qeeking to Ciicaiirnge. as miicl) possible. all io engage
with the new digit<l1 foriniiLq and as8igt wlierc iiecckgary. We Sh1￿11 coiitiiiu¢ to suppoi't Iho8e wlio pi'eler
hard eopy as miich as possible biit ltir tlios¢ tliat can accept digital forriiaL8, we seek io encourag?¢ ai)d
support thein where pos.￿1￿1¢.
Risk Management. I'ITrc strategy sub-coini71itlee advigcg C()LiiiciI un ris1( Inancqgeinent p()licy Und
s(ralegiL i-eqiiirenieiils. In 2023, tlie siib-ci)IiiiiiillLL sal aiid iipd£lted thc I'isk .&ti.ate￿. 10 whicli ilie
Director% repoited again%t at Council Meetings. in ordcr lo goverii aiid Inaiiagwe SA%RA'E ri%ks
ppropriately aiid iri accordaiice willi Cliarilies u%ORP. Besl praclice risk maii<igeiiient Inethodolcigy used..
identify, analyse and a55ess, acl aiid Iiioiiitor. SiLFn[lic￿it ri.gks ideiitified in 2023 were..
Reputation. A cliallciigie lo SASRA'.4 evaiig7elical h¢iSiS iii liolding to t3ible-ceiili.ed docti'iiies aiid beliefs
¢oiild he t7egatively e.xi)loited by tliose wisliiiig liai'iii oii a faiili-based ()I&T¢ini4alii)ii. Ncsyative piiblicity
could adversely affecl oui. repiitalioii, rel<ilioiisliips will) aiid a¢¢css lo Il)e Ar]My aiid RAF. aiid siippoi-lei.
backiiig. Risk is Iniligiated by ¢ll)i)ual Inililary and ihird-piirly tiaiiiing of per.qoiiiiel. I'egiilay s(akel)oldcr
ciigagcinent with Inilitary cliaplaincie8 £111d 1£ Ilththi'ilic8. C1L ndidate selcctioii. cultLiral awarciies% training
and Scriptiiral gLiidaiice. We also Inaintlc iii oiir repiilatioi) by being tra11spar¢nl iii oiii. requesls for pl'ayer
.Ind I'undin¥ 5UPPOI't, pi'in)aril)' throiib71i iiidividiial supporlLrs. chLirLlie% aiid ti'usts we also ieLeive
legacies. We would iievei. seek SLlPP()rl Iroin diiy vulneiahle persi>n and redii¢e oiir risks by nevei.
Page 7

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 Re￿der (•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<iiice nioi'e lavoui'ably
IIIL splii of Ariny RAF SLI'ipiure Readerb aLrosb ilitt UK, wliieli is Liirrtiiily loacled lieavily iowards
Ai'iiiy. l.iii'tlier. we shall sL¢k an opportunity to have a Scripliii'e Redder deployed oveiseas.
SASRA MDSH Mei¥er. We plaii to mei¥e SASRA witli Ml)SH and ihe otl)ei' Restricted 'fi'ust
Fiis)d5 eg. Daw%oii 'li'iis1. eiisiii'iiiLI Ilidt iiier¥>er costs d() noi spii'al Lll)IV<iids aiid beLoine poiir val￿e for
oiii. beii¢ld¢lui's. Wliile Inei¥J¢i' beej) delayed diie to strekinbtr l)Ltlei' valLIL, delay does i)ot advetsely
¢iltect ()Iii' operati0112c l ell¥Lliveiiebs, altlioiigjli we aLkiiLiwledg>e tlie liilui'e beiielirs ol-a less cliiinsy
I'rang)¢inenl.
Meiiibershii). SASKA i)i¢inbeis £ue serviiig Inilitai'y peThoi)i)el, iiiclLidiiig7 fL%eYvisis. wl)icli is ihe
distii)Ltioi) betw¢¢ii Ilitrjii and siipix)I't¥ts wlii) k)re i)01 sLI'viiig. altli()Iigli Iliey ii)dy l)e vet¢i'aiis.
Meiiibersliip g?iowtli sliiiiibl¢d iii i-ecei)t yeai's Ivllowiiii? Ihe loss ot tlie In¢nibei'ship seciLtary. Low
Ineii)beiNhii) is coiisideiyd a slrategJiL-level risk to SASRA'S SLisl<tiiiinei)i aiid we 8liall Lleliver ai) updated
iiieinb¥rship schem¢ toi. seJ'viii¥y inilitai'y PLrsuniiel Ilial ib lit l£¥i' piii-i)ose iii ?0?4 ￿lid beyoi)d. We shall
)dilier nLw iiienihei's. pi'incii)ally Il)ose tliat our SLI'iplure Re<idei's liave developed ¢leai' relaiioiisliips
¥iritli lliid ¢18 1)Lir i)eive8t iiieinbLfS dep<l1'1 Ii'aiiiiiiLJ orgaiiisaiions ai)d Lllllls, w¢ shdll Inainldin ¢oiilact aiid
iipi)i)A discii?l¢sliii) ul. tlieiii. so th<lt tliey can girow in laiih ai)d spread Ilie g7ospel their prayers and
Fundraising Re¥ul#tor. SASRA pldlls to tygiistei. with tlie fui)di'aisii)b> Ileg)Lilatvi' iii ?024.
Digitisation. Attei. IriL iisifioniiig to Inore digFiik)I media coiiiiniinicatiDI) in 20fj3. 10 eKploii niodern
ieLliiiolob)ie.%. iiiove willi cultLiral Lleveloi)Ineiits. aiid to syve oli ihe costs of i)I'ii)t iiiedia. Ive plan for ihe
Pllllbl ?U?4 R¥¢iLlJ' Iiiagjai Lllle tu btr OLII. lij'sl I'Lilly digitiscd versioii.
Pay Iltniuneration. TrLlStee% bjive iheii. liine Ii'eely, I'eceive 110 I'einuii¥raii(Iii ai)d Iiave iiot claiii)ed
loi. eiilitled e.xpeiises in ?023. 8ta*l P<iy is reviewed ai)1111¢111y aiiil iioi'iiitslly iiici'eased in lii)e with tlie
%ASRA P<iy PoliLy. CliLiiiciI has agiyed lo Luiidtsct ali additioi)al pay r¢vi¢w toi. statl iii ?024.
Pa¥e 8

FINANCIALRFVIEW
FIna￿CIal 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 I￿1wee17 3 aiid 6-Inontl)g' opcrali()iial
eXp￿ild1t[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<iblc rates iliat ¢irc
lowcr tliaii iiiark¢t rat¢s- tlii5 iKiicfit ifi i-¢ll¢itLd li I Ili¥ ii¥ui>uiII.s it.% Iiiiaiiglble Inconie ol-£41,984. Tl]erc
is. liowever. gredlei. deniand iii particiilar l()catioiis i1i<lt reqtricts availal)ility ol- 81,'A foi. SLrii)ture Readei's
and in these circumstances we purchase siiitable propeilies foi. tlieir reqiiiremeiits.
Endowment Funds. Favoiirable glock Inarkel perforinaiice 111 2023 I'esiilied iii oiii. Endownieiit Flind%
inci'easii)g slightly iii valiie to £3,061,309 ai Ilie Llose ()1. 2023 (2022.. £3.032,253). ali inLTca8c of 0.96Tr/0
on year. Wliilst tliese rtii)ds are ol'Loiisidei'able iii)purtance to tlic A%%oci<ltion as tlie meaiis ot pi'ovidiiig
staff willi housing. tliis is the only use tci which tlie capital can ciirrently l)e uscd. We remaiii iii Ilie
perver￿ posilion ofappearing to be a relalively weic Ithy cl)arity becaiise ot. tliesc Testi'icted I'iiiids.
wliereas tlie reality is tlial oiir liiii't8lr￿Ctcd iiiveqlineiil.% ai'ail¢ible lor operalioiial speiidii)¥r aimount t() the
miich qinaller suin equivalent to aioLiiid five Inoiiih%' operatingj cosls. froii) above. CoLincil policy I.￿ tl)at
available reserves slioiild be belweeii 3- and 6-Inoiiths' operaliiigy L05t5.
Alloc¥¢ioTr and Apportionment Costs. SASRA benefits frnin the voliiiitary .vrvice giveii by siicli as
Ii'u5tees, a(Ivocate5 aiid loc&1 I'epresentative.%. Many v(Jliiiitecr.& clioose not to claiill legTritiiMatL expctTrses,
althougli Iliey are eiicoiiragcd in Ihe%e cases to Iiiake a claiiii and doiiate tlie i)i-ocecds. iii ol'der l() bellei.
rcflect at least soiNe of tl)e true costs ol- riiiining tlie Assacialioii. A plai)Tied fiiiidraisiiig Cciinpaibyll foi.
2024 Inay see ollier allocatioii and apportionineiit costs.
Page 9

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 rel￿0¢}￿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 Saltb￿LIardIi￿i Ili¢ ot. the ch¢irily aiid hence
loi. iaLiiig) r¢<isuii8ble sieps lor the prewentioii aiicl deieuiion ol Iraii(l and utlier iii'e&>iiI￿.ilieS.
Tru&tees' titytement. L.aeli ol-the'fi'LlStees has coiifii'Tned 11)ai so tar as il)ey are awai'e thei't is no
I'elev£ll)i audit iiili)I'iiidlioii ol-whicli the £iiidilors ai'¢ Lllldware, and ihal tl)Ly liave takeii all ihe steps ihat
Il)eJ( 011&s111 io li¢ive iakeii as a 1riist¥e lo ijiake tli¢iiiselves aware ot uiiy relevai)i audit iiilorinaiion and to
'riie'l I'iistees liave also eiisiir¢d Ihai tlie finaiieial sialeinei)ts coinply wilh Ili¢ Lli&rities and Trusiee
Ii)vesti)ieiit ISLuildl)dl Act ?005.
AUDITOR
-rhe aLI(lil()rs, Sliaw Gibbs- Audit Lid, will be proposed loi. re-appoiiitin¢iit kit tlie frortl)comiiig Aiinual
Qieii¥rJl MeeiiTIb.
Appi'oved by ol'der ol'the board ()f Ii'iisiees on 22 Mdy 20?4 aiid signed 01) ils behall. by..
Coloiiel Illerired} J W l.ewig, Chair of Triistees
Pa&?e l O

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(1￿rd8 (Ijni￿d KingdTrm (Jenci'ally A￿LpiL￿ 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 lit￿ncial 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￿¢1￿1 $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 I￿Y Ll)n8idLfL'd ih¢iY ￿U￿e1)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% I￿hilb 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(iuii￿j 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 sla￿l￿¢11{9
eontiniied...

S.A.S.R.A.
BALANCE SHIIT- continuod
31st DeLembL'r 2023
'I'he.8e financial ststemenl8 h8vc bccn p￿Pared in a￿111.(1&￿LL wilh IhL pr(Ivi8iiTrn8 appIl￿b[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 4111u￿11L￿ 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 SI￿7n.cOSt
AcLoiiimodatii)n Ll)EL
Ci)nfLrcnces LxpLn￿.%
19.9f?()
211.77()
7.751)
41.9x4
().57()
5().()IK>
.i)%s on Sd1¢ ()f a￿Cl￿
7.34(7
491
568.382
{￿]5.858
SUPPORT COSTS
Goveriiance
Mdnageinent
'[ otals
%cripluYe R¢ader5- L<inlaLI willi Miliiiiry
(>1)8,2111)
12,812
Suprx)ri wst%. inLliid¢(l in thc ￿1b￿Ve. arl a.8 li)Iliiw.%'.
Mxiiagement
2022
Readers -
contact
with
Military
P¢rsoiinel
'rotal
%alaric% and eYpcn%cs
39Q.412
2(1.451
()Ilicr Dpcrnliiig lea￿8
In8urancc
ReLi￿limenL Lo%L
elLplion
('.i)p}'iiig. posiagL &.%l<ili(Inciy
ALcnniiiiodaiion 6(Ists & Inainl
Ileiit & %LI'VlCL cliJrbiLs
11)4
2.5%8
5.779
32.1174
42,271
5.4115
7..3(77
43.9()5
-15.429
C".clrried 101Wal
5511.2118
Page 23
coiiliniied...

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<br>Auditors' remuneration<br>Auditors' remuneration for non audit work<br>Depreciation - owned assets<br>Other operating leases<br>Surplus on disposal of fixed assets|2022<br>£<br>£<br>10,612<br>10,528<br>2,200<br>1,700<br>16,323<br>16,757<br>18,957<br>33,893<br>(49)<br>-|
|---|---|



## **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.**<br>**STAFF COSTS**<br>2023<br>Wages and salaries<br>Social security costs<br>Other pension costs|£<br>745,533<br>69,052<br>61,562<br>876,147|2022<br>£<br>724,000<br>67,217<br>67,179<br>858,396|
|---|---|---|



The average monthly number of employees during the year was as follows: 

|2023<br>HQ Staff<br>Scripture Readers<br>Regional Managers|2022<br>13<br>13<br>14<br>14<br>2<br>2<br>29<br>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..0￿1￿1{ 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¢￿tI￿1 pix)r￿rI1c* 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.<A)7
15,723
DEBTORS.. AMOUNTS f4AI,LIN(: DIIF wi-fiiiN ONE YEAR
202_1
2022
Mi%% l)aniLII's Soldicis, I Inmcs
DividLnd and ini I'lxxivuble
.cgaLy dcbloi's
i)Ihcr dchior8
Gift did reclaini duc
PIL"pavnienls
In7.nl).I
5.5%1
-12.222
-3.2811
15.4V4
29(1.9.13
16.
CREfJiTORS: AMOIJNTS FALLINC. I)IIF. WI'I'IIIN ONE YEAR
2112.3
21122
.1 iidc Lrcditor
7.191?
Accru¢d Lxpcii8c
45.915
(111.320
17.
I.EASING ACREEMENTS
Minimum lea￿, Piiymcnls uiidei. ni)11.liinLcll<iblc i>pcr&iing ILl£.y8 ljll IliiL a% li>lli)w4'.
2112.1
21122
Widiin one y¢ar
IlclwLLn ()n¢ and fivL yL￿7rS
2.5.115()
2..1117
Page 29
coiitillued...

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 m￿rtcr 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¢st￿l￿nIs. 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 P￿ing 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￿%￿)ct￿ll￿ 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)V￿lI 1liL S,ISRA Ci)unLil. aLiing £lS th¢ L(Irpiir#ic Iru%lcL ()I' Mi8$ I)L￿1l11,.￿ %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
I￿veStment Income
Rent8 T¢CClI(ed
l)ividLnd income
epi)811 dLLUUnt inteiE8l
()8.R.14
41.79(?
1,245
12297
TotAI Ineoming resoli￿e%
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¢¢einbL￿r 2023
#{1?3
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
GoI￿r￿anCe 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