REGISTERED COMPAhW NUMBER.. 329268 {England gnd Wale5)
REGISTERED CHARITY NUMBER: 235708
SOLDIERS, AND AVIATORS. sciuwfuRE READERS ASSOCIATIOIY
SASRA
AUDITED FtNAYCIAL STATEMEN'TS
FOR THE YEAR ENDED 31 DECEMBER 2024
Shaw Gibbs Audit Lid
?64 BanbuTN' Road
Oxford
O¥ford5hirc
OX? 7DY

SASRA
CONTEYTS OF THE FtS'AJ)'CIAL ST.4TF.]¥IF.NTS
for the I'e#r ended 31 December 2024
Page
Report of ihe Trnstees
Report of the Independellt Auditor
10 to 13
Statement of Financial Aelivities
14
Balance Sheet
15
Cash Flow Statement
16
Notes to tbe C￿h Flow Staiement
17
Notes to the FinaneA21 Statements
18 to 31
Detailed Statement of Financial Activities
32 to 34

SASRA
REPORT OF THF. TRUSTF.ES
for the year ended 31 Deeember 2024
The SASRA Trnst¢e% also bein? DireciOT5 of SASRA for the purposes of the Companies Act 2006. present their
r¢port and audited financial statements for ihc )'ar ended 31 si December 2024. in accordance M'ith the Charities
SORP {I-'RS 10?). sccond edklion. October ?019.
REFERELNCE AND ADMINISTRATIVE DETAILS
Charity namc: Soldiers and Aviators. Scripture Readers Association (SASRA) Charil),
Registration number: 235708 (England and Wales)
Charity registration number.. SC039130 (Scotland) Company
Charity registration number.. 3?9?68 (England and Wales)
R￿istered office and
operational address:
HaVe1(￿k House
Barrack Road
AI.DERSHOT
Hampshire GUI l iNP
Telephone..
Email..
Website-
OiOOO iol JO?
admin a saira.or
www.sasra.or
Auditor
Sha%v Gibbs Audit Lid
Wev Court Wesl.
Union Road. Farnham
GU9 7PT
Solicitor5
Moorc Barlo%%'
Concorde House 165
Church Si East. ￿'Oking
Surrey GU216HJ
Brokers
RBC Bre￿.in Dolphin
l ? Smiihficld Sireel
London
ECIA9BD
STRUCTURE, GOVERN'ANCE AND MANAGF.MF.wr
STRucfuRE
The diagram below shoivs the governance and management structure of SASRA.
Executi*Dlrecto
MinistryDirector
OperationsDirector
.'finaneeDirector
F4cifjtses.Dlre¢tor
Page I

SASRA
REPORT OF THE TRUSTEES
for the i"fAr ended 31 December 2024
Patron
His Majesty King Charles111
President
Major Genernl (Retd) R J Thomson CBE DSO
President Emeritus
General the Lord Dannatt GCB CBE MC DL
Vice-Presidcnls
Major General (Retd) Rev R M l.lffi¥ellyn CB OBE
Major General (Rctd) Sir laur¢nce Ni em, CB CBE
Major General D Reeve MC
Brigadi¢r (Rctd) W I C Dobbie OBE
Colonel (Reid) E B L Amiitslead CBE
Lady J Farnier
CouDciI Member5rnru$tees
Col {RetdJ J W Lcivis (Chairn?an)
Col D Ellison (Late RE)
Col {Retd) C R Rider CBE
Lt Col (Reid) J C Allen MB ChB FRCS
Lt Col P R G Bra). MBE RIFLES
Lt Col M Clavdon RAMC
Lt Col (Reid) N C E Dawes
Lt Col (Reid) C M StG Kirkc PhD
Lt Col W J D Wells RIFLES
Maj A C Massev QARANC
Maj {Reidl P D Shannon IMBE
Sqn Ldr R A Gallaugher MBE (Resigned 16 Ociober 2024)
Sqn Ldr D H Heath RAF
Sqn Ldr J Greenald (Retd)
Mr J H Madden (Appointed 16 Ociober 2024}
Mr A M Massey
MrSRPryor
Mr J P M Wooldridge
Executive Direelor
Lt Col (Retd) Dr Martin Gliniecki QGM. BTh. Bsc. MA. MSC. DPhil Oxf. MIExpE, CEng
GOVERNANCE
Governing Documents. The Memorandum and Articles of Association of SASRA i¥'ere incorporated on the ?￿h
of June 19J7 and Lipdated b! 5￿claI r¢soltsiion in ?O?i. I￿￿1¢h incorporaied Miss Daniell s Soldiers Homes
IMDSH). Under thc Companies Aci. the Associalion il'as incOr￿rated as a Compan!. limiied b). guardntee and
not having a shar¢ ¢apithl. The Governing D(Kumenis set out the objccts for i%.hi¢h ihe Association is established,
and how it is io be managed.

SASRA
RF.PORT OF THE TRUSTEES
ror the Trear ended 31 December 2024
SASRA and MDSH Merger. The merger of MDSH with SASRA ￿a$ approved by the Charities Colnmission
vith an effective date of 31 Dccember 20?4. The net expenditure for ?0?4 and ihc assels. liabilities and funds
Ivere Iransfcrred lo SASRA on ihc ) l December ?0?4 and are reflccied in the SASRA Firiancial Siatcm¢nts for
the year ended 31 D¢c¢mber ?024. MDSI l i4.ill remain an entit! ￿"Ithin SASRA io explore opportunities of
expandingy iheir work as appropriate. The merger M'ill benefi1 MDSH by proi'iding access lo the support and
managcmcnt functions available in SASRA and will benefit SASRA bv providing locations from whi¢h Scripture
Readers can bas¢ and operaie iheir min55tries in support of serving porsonn¢l.
Council. The 20?i special resolulion sei SASRA trustee￿cOU￿Ctl members lo be no less than 8 and no more than
16 personnel. Council Is Slill iransitioning from thc prcviovs figures of l ? and ?4 respcciiv¢li' and in 20?4 Council
nuinbered 17. Council is responsible for overall eoi'ernance of the Association and has s¢v¢ral committee& such
as the Finance and Strategy Sub-Cotnmittee& cstsblished to sUp￿rt its decision-making. The Council may
dLlcgat¢ any of lis wwers to commiiiees consistin£ of trustces. abl¢ to call on eiternal expertise. Any such
committees conforni to all Council-imposed regulations. Unless oihenvise dclerniincd. Iher¢ shall be a quorum.
Queslions arising ai any me¢iing are decided bv a majorit). of votes -in the case of an equality of votes. the
Chairn)an has a ￿COnd or casting vote.
EleetlOD of Trustees. The Council ma). appoint a suitsble trustee until the next ordinary generdl meeting. Ivhcn
he or she lyill then be eligible for re-elcclion. At the ordinar¥. ocneral meeiÉng. held each )'ear. truslccs tha( have
served for three l'ears %i'ill retire bui will be eligiblc for re-eleciion. Onl). Inemb¢rs of ihe Association arc
cmpowered to vote in such eleetions. Trustees that have sen'ed for thrcc i¢rn)s of three vears should not b¢ re-
elected for at least one i'ear. Nlcib. tnjsiees atEend induction trnining coverin2 thcir rolc. responsibilities.
obligations. deiailcd acliviiies and an) issues of the As￿CIatIon. Thc). are encouraged io attend third-part). Iraining
as necessar%'.
Authoritv to Operate. SASRA and lis Scripture Readcrs are auihorised io operdte bi, the Ministtv of Defence
and sponsored b). its chaplainc!. branches ￿'11h1n lh¢ Arni!. and RAF. und¢r a Memorandum of Understanding and
General Administr21ive Instruciion. r¢speciii'eli. SASRA is a member of ihe Council of Voluniarv Welfare Work
{CVWWl that exisls as an associaiion of charitabl¢ organisations proi'iding ii'elfare ser¥'ices lo the Armed Forces.
MANAGEMENT
SASRA ¢mploys five salaricd Direcior& accountable io Council. and reS￿nsible for ledding. managing and
serving the Asso¢iaiion. as i%'cll a5 delii'ering its vision. mission and strdtegic objectii'es. The Council meets
several times annuallv in ordinary council meeiinos. one of ii.hich is also ihe Annual General Meeting.
Extraordinary Council meetings ma), be called as required. The Council mei ihree limes in 20?4 to provide
governance. gii'e siralegic-level £uidance and decisions. and deliver responsibilities. in order to sustain the
Association. This Council auihorised the recruitment of an addiiional four Scriplure Rcaders in ?0?4 to meet a
reviscd stra¢¢gic objectiv¢ ofha*ing ?) Scripiure Rcaders in place b¥, ?O)O. Council ¢onfim)ed the vision. mission
and strdtegFic objectii'cs ofihe ASs￿lation. rci'iciv¢d strdteoic-level risks. continued a rolling revieiv of Council-
level policies and recruiied a n¢w Council memtrKr.
VISION. MISSION, 0￿Er[[vE5 AND ACTIVITIES
VISION
For every servin&Y member of the Brilish Am)y and Royal Air Force (RAF) to hear the gospel of Jesus Christ
during thcir period of ￿rvIce.
Page 3

SASRA
REPORT OF THF. TRusfEES
for (he l'ear ended 31 December 2024
MISSION
To sprcad th¢ Saying knowledge of chri￿ among the se￿In0 personnel of the Army and RAF.
OPJECTIVES
Consisteni with SASRA'S charitable Objec￿ the Council"s strdtegic objcctives are to:
"sustain historical legTacv and senior patronaoe.
.hold to a doctrinallv orthodox Basis of Faith.
•share the gos[￿1 effe¢iii'ely M'ith Service personnel.
support Service Chrisiians in personal witness and evangelism.
•contributc to ihe spiritual and material i%"elfare of Service personnel.
'groiv Reader numbers. revised in ?0?4 10 ?). deplo%"ed across Arni), and RAF,
'place Rcaders io achievc Tnaximum impactleffect.
.be finaJJcially viable and sustainablc.
•managYe resources (human. financial. materiall effeclivel),.
.b¢ pra)'erfull)' dependeni on God for blessing.
Public Benefjt. Our main activiiies undertaken to further our purposes for the public benefit are..
•communicaiing the gospel of Jesus Christ to servino mcmbcrs of ihe British ArniN' and the RAF together with
their d¢p¢ndenis-
a$5is1ino miliiary chaplains. ehaplaincv and welfare ieoms in the provision of spiritual and pastornl support to
serving personnel:
'promoting inlcrdenominaiional Christian felloii'ship. and thus encouraging the benefiis of community.
•encourdging belicvers to live a Chrislian life in accordance iviih Biblical principles. in submission io the law and
in a mann¢r ihai is loving. caring and compassionaie: and
*strengthening relaiions bem'een milithry personnel and local COTT]munities.
While our niain etTon is sUP￿rting Brilish miliiat!, personnel and their families. including attached MOD
civilians. M'e offer our minisio to those adjacent ivhere appropriate and rcgardless ofrank or class. financial status.
educational standard. ethnicits,. m¢ntal. iniellectual or phN"5i¢al abiliiies. sexual and gendcr orientaiions or belief.
ACTIVITIES
To deliver our vision. mission and objectii'es. Ihereby pro%'iding public benefit. SASRA emplovs Scripture
Readers. who are militarv i'eterans trained in Chrisiian theolo￿, and iiiiness. TheN' deplo). io multiple military
bases. camps and stations throughoui ihe UK and abroad. Deploi'ments are based on se¢king maximum
interactions with as many mililary. ￿rsonnel and families as possible. and in consulthiion wilh our military
chaplaincy swnsors. During the vear. SASRA engaged in the following primary aciiiiities:
Gospel Ministr).. The core role of Scripiure Readers is io sharc ihe gospel of Jesus Christ wilh iroops and their
families. which ive did ai more than_i miliiarn. esEablishmcnts. In their roles Scripn]re Readcrs: proi'ided spiritual
instruction, i¥'elfare and SUPTX)rt: lcd one-lo-one gospel engjagemenis and Bible 51udies for both Service personnel
and their families: preached sermons and gale Bible talk5- and engaged in indii'idual and collcctive prdyer.
devotions and discipleship. Thos¢ thai responded posilii'¢lN' io the gTospel have been encouraged to become active
members of SASRA. a communil). of beliei'ers and a I￿al church participani.

SASRA
REPORT OF THE TRUSTEES
for the )ear ended 31 December 2024
Wellbeing and Welf#re. S¢ripture Readers reacted to all kn'ellb¢ing and welfare interactions sensitively and
rcspectt-ully in ?0?4. enoagino iyith military personnel and families of all backgrounds. beliefs and lifestyles,
e.xiending pastoral carc lo thc particular needs and situations ihe%' ￿'Itne5￿d. This important practical ministry.
building trust￿orth}, relattonships. earnino respeci and friendship b), patieni. long-ierm engagement and
Slb*nw)siinb people to r¢lcvant ag7cncies for further w'elfare support continues to be an important public benefEt.
Such engagement and pasiordl support help soldiws and aviaiors build mental resilience and all together 15 part
of building ihe Kingdom of God.
Teaching and Training. Scripturc Readers assist with teachino and irdining. such as inl'olvement in ¢xplaining
the moral component of fightino poii'er and what it means io fight jusilv and make ethical decisions. Our Scripiure
Readcrs ha%'e been very produciii'e distribuling Bibl¢s. biblical iracis and pamphlels to assist Ser¥'ice pcrsonn¢l
in their understanding of objective moral values and ihe need for a spiritual ditnension in iheir lives. Th¢y have
taken every, op]x)rtunil>' lo explain. defend and commend thc Christian mcssag¢ of salvaiion ihrough J¢sus Chrisi
Ihai aligns perfectl), with the values and standard5 of the UK military.. which cach soldicr and aviator l¢arns and
Ihen r¢vis¢s annually.
Events. SASRA organised several high-profile events during the )'ear including- ( I l Our Day. the Association's
Flagship event for supporters to cclcbrai¢ the ministry-. (-) Edinburgh Taiioo. where we suppotl militarv staff with
a canteen ministry and S¢riplure Readers sup￿rt. (J) 50m¢ oulrea¢h occasions to exwse SASRA to Chrisiian
Communities attd peoplc ihai may wish to prdN' and financiall> suppx)rt its mission- and (4) fundraising and
sponsorship activities. Folloiving a piloi ei'ent of a projeci called Xcrcise in 20?3. to seek the value of coming
alonbJside l'oung Christians M,ho are considering a Career in the Military,. applicants in 2024 ￿'ere limited and the
cvcnt Was can¢¢ll¢d.
ACHIEVEMEh'TS AND PF.RFORMAIYCE
As a Christian mission. seeking to share the gospel of Jesus ChrisL we are careful to avoid quantil&tive measures
of succes& recognisingy the ii'ork. of ihe Holi, Spirit in regeneraiion and spiritual transformation. Our rol¢ is to
engage with a5 man). Service personnel and Eheir families as possiblc. proclaimÈng the oospel. discipling.
provÉding spiritual ii'elfare. enhancing ii'cllbcing and improi ino mental resilience. Dcploymenis lasi year gave
Scripture Readers access to appro.iimaiel!' i).000 Servicc p¢rsonn¢l. plus iheir families if the), lived in Service
Family Accommodation (SFA). Ai iniiial trdinino establishmenis such as ITC Caiierick and ATR Winchestcr. our
Scripture R¢aders havc acccss lo ¢i'en' recruit ihat enters- 5inglc-digii thousands lasi )'ear-and are able to cngage
as part of thc spiriiual needs and ethical training. Access lo Inosl soldiers is similar ai Phase ? technical training
at places such as MOD L)'neham. Other Scripiur¢ R¢aders are deploN'ed ai lariTe military eslablishments where
they have access io between 800 and 6500 S¢rYice personnel. and ￿.h¢r¢ tIIc%' Tllust priorilise enoagemenls
alongside others within ihe spiritual. w'ellbeing and wclfar¢ support afforded to our military.
In ?024. around 950/0 of all neiv re¢ruiiS thai aiiended an initial presenialion by one of our Scripture Readers
acc¢pi¢d a Bible or Ne￿. Testam¢ni-over 3000 personncl. Thc following ii'eek. ￿'￿ich is not compulsory
atiendance. approiimatcl), onc-third reiurned for a simple church scr¥'ice C￿en1 and to hear about Christianity.
Over half of those asked on iniiial arrival at a trdining esiablishmeni S￿le that the). ii'ould like io know more about
the Christian faith. which alloivs our Scripture Readers io en£agc. On bases and slations. Scripiure Readers
delivered an averdoL of13 Bible siudies per week. l ? Ions courses such as Christianity'114opc Explored. ?0 short
¢ustom-made courses for particular groups. had over 80 onc-io-one coni'ersations eacli Iveek about faith plus
additional wcllar¢ #nd ivellbeing inierdcIion5 and Sign￿s11n4 of soldiers and ai'iators. Scriptur¢ R¢ad¢rs continue
to innovate. exploiling other Chrislian actll'ilÈes such as popup cafes. film nighis. entertaining at home. and crca¢¢
neiv opportunities io proclaim ihe gospel b), iempling trcats of simple food and drink.. morning and aft¢rn(Tron tea
that regularly bring ?0 to 80 pcoplc alondv_lheir success promoics further growih and support from other militarv
welfar¢ ag¢ncies.
Pase 5

SASRA
REPORT OF THE TRUSTEES
for the year ended 31 December 2024
Fundraising Campaign 2024. The Associaiion mei its ?0?4 fundraising campaign goal of £?00.000 ¢.xtra income
in ?0?4. This il'as a¢hie¥'ed by ihe successful cultural rcalignm¢tEt of our siaff io considering fundrdising as
ministry. equal in ilnportawtce io oiher ministries such as prn)'er. ￿'orshiP clc. In ?0?4. Ihc Association delivered
real income ¥bro1￿h for the firsi time in at least fiv¢ Years. bl adapiing our culiure and rctraining our staff in
mi)dcm fundrnisin8 protocols and techniqu¢s. necessarv io achiei'e ihe Council s vision. mission and objectives.
Our decisions were made prd)'erfull)'. anal%licall)'. dili?entli'. rcflcctii'¢l)'. discemiblv and biblically
Edittburgh Tattoo. SASRA deployed Scripture Readers and SUPFKJrt staff to as8lSt ivith the Edinburgh Tattoo
during late ju1￿./earl!, Augus1 ?0?4. li Mas an opwrtunitN' for neiv Scripiure Readers io be mentored and for office
staff io witness ihc praciical work of Scripture Readers. $0 gaining greaier understanding and appreciation of their
own coniribulion to SASRA s miDistr>'. We ran 2 canteen-based ministy. scrving hundreds of sponsor-donated
hoi and cold drinks and sTracks to ihose ini"olved in the ei'ent. and all iviih a goal of ¢vangelising and proclaiming
the gospel with troops rehcarsing for this world-leading event.
Our Day. Our Day look place on Salurday ? I September 20?4 ai Grace Church. Guildford. In addition io staff
and Council members M'e had around ?0 in-Txrson Supporte￿ with around 50 waichingy online and a further 200
or so ￿'alched the rccordcd eN'eni. Commenis ii'ere eitremel). fai'ourable. Ivith manv inspired by Scripture
Readers stories of evangclism and discipleship. and the po￿"erfUl I¢siimonies of forces personnel. In-person
attendance has been diTninishing in rcceni years, catsl}'sed bi, the effects of ihe Covid-19 pandemic.
Fundraisillg Regulator. SASRA regislered with the Fundrnisiftg Regulator in 20?4.
Digit15atiort. We continued transilioning to more dioitsl mcdia comtnunita¢ion in ?024. exploiiing tcchnologics
and opwrtunities such radio. Google Ads etc. Wc are seekino io encourago. as much as possible. all to engagc
with the nciN. digiial forniats and assi51 ivh¢re necessary.. We shall coniinue io suppon those M,ho prefer hard Copy
as much as possible but for ih05e ihat can accept digital fomial& M'e seek to encourdge and SUPFK)rt them wh¢re
possible.
Risk Management. The siraiegy S￿￿CoMmIttcc advises Council on risk managcm¢ni policy and strdtegic
requirements. In ?0?4. the sulFcotllmittce confirn)ed the risk strateo).. and ai each of ihe tliree Council m¢cling7S
during the )'ear. tru51ees re¢¢ived an Executii-e brief on ihe risk profiles of each sirdicgic objective, their trending
and mitigations where appropriaie. SASRA s risks iver¢. Iherefore. mana?cd appropriaiel!. and in a¢¢ordance with
Charities SORP. No ideniified risks led to an). serious ouicomes. Best practice risk manaoement meEhodology
¥as used= identif),. analvse and assess. act and monitor. Sionificant risks id¢niifi¢d and mitipaied in ?0?4 wcrc..
Reputation. A challeng¢ to SASRA s evangelical basts of belief could be ncgatllp¢l!' e.¥ploited bv those wishing
harni on a faith-based organisation. N¢gatii'¢ publiciry, could advcr5cIN' aff¢ci our reputation. relationships ivith
and access to ihe Amy and RAF. and supporter backing. Risk is milioaied bi, annual militar%, and third-party
training of p¢rsonnel. regular slak¢holder enqaoemeni i¥ iih miliiarv chaplaincies and auihorities, candidate
sel¢¢tion. culturnl aivarencss trainino and Scriplural guidance. Wc also maintain our repuiation b), being
transparent in our requests for Pfdyer and funding supwrL primarili, Ihrough individual supporters. churches and
Iru5ts-we also receive Icgacie5. We would nevcr scck suppon from an%, I'ulnerdble pcrson and reduce our risks
by never fundraising via telephonc or ¢onira¢ting out fundraising. We hai'e a rioorous safeguarding policy,
r¢vieM'cd and accepied b! Council this year. and our Scripture Readers are irained and adhere lo MOD policies
when. irk those very isolated case& they engage iviih under 18-)'ears-old rccruits.
RAF Scripture Reader5. In 2023. SASRA employed two fulltime RAF Scripture Readers. still vastly
disproportionaie io the Arm), number of l ? Thc risk of hal'ing no RAF Scripture Readers has been o￿.e￿Om¢ by
rccrui(ing a R¢ad¢r for RAF Bensotk and a further RAF I'¢teran currenil). filling an Army va¢an¢)'. Early in 2025
vc recruited another RAF vci¢ran for part-lime ￿'ork ai RAF Odiham.
Page 6

SASRA
REPORT OF THE TRUSTF.F.S
for the )'ear ended 31 December 2024
Serving Membenhip. SASRA serving member￿PartnerS are serving military personnel. including reservists.
Thcy are disihnguished from supporters who are not serving. although they may be veterdns, because of their
potential for disciplino of mililar%' pcrsonnel noi a%"ailable 10 oeneric supwrters. Membership gro%￿th slumbled in
rccent years folloi¥ing the loss of the membership sccrciar).. iA)ii' membership is considered a Siralegi¢-l¢v¢l risk
to SASRA s suslainmeni and in ?0?4 we delii'ered an updalcd mcmkrship scheme for setving military personnel.
PLANS FOR FUTURE PERIODS
Scripture Reader Growth. The chardcter of chaplaincs. and militsrv life is changing. Ami), and RAF
chaplJin¢i¢s now see an increase in multifaith chaplains and ihe addiiion of Non-Rcligious Pastoral O￿lcerS
INRPOS). SASRA %N'ill ¢oniinue io adapt to the changes and 5UStain the unique relaiionship ihat it has with military
chaplains and military is'elfare services wiihoui compromising thc gos￿1. SASRA"s slrdiegic plan. to grow
S¢ripiure Readers to a rei'ised numbcr of ?5 b). ?030. was recenilN' amended bs, CouncÈl io become a number that
is righi sized for ihe need to meei our vision and mission. and possibl%, compensate for the reduction in Christian
witness from miliiary, chaplaincv. The recruitmenl of lil'o neil. Scripture Redders has been authorised in ?025. and
'e have a neiv Trnnsilion and Sustain Plan to mcei this susiain¢d groiiih. follo￿.￿n2 our successful ?024
Fundraising Campaign. Council and presidents. memFKrs and supporters are beino encourdged to see fundraising
as ministry. building relationships and partnering ￿'1th those that SUPPOrt us. in jusi ihe same way as we see prdyer.
worship. looking after the iyidoivs and orphans. as ministries. Rccruitmeni i¥ill scck to balance more beneficially
the splii of Amiy and RAF Scripturc R¢ad¢rs. full and part-iimc. paid and unpaid. We shall coniinue seeking
opportunities to have Scripture Rcadcrs deploN'¢d overseas.
Serving Membersbip. As described above. low membership is considered 2 5trniegic-level risk to SASRA'5
susiainment. Through our updaied membership schetn¢ for serving military personnel. shall Continu¢ io gather
new sen'ing members. principall>' those ihat our Scripiurc Rcadcrs h8v¢ dei'eloped clear relationships ivith. As
our ncw¢si members depart training organisaiions and units. i%c shall mainiain contact and support discipleship
of ihem. so ihat the). can grow in foiih and spread ihe gospcl-their pra)'ers and hopefully financial support will
folloiv. We have sel ourselves a largcl to have at leasi l 00 sern'inc members b), December ?027. with a stretch
objeciive of150. We have recenil). grown from 17 in ?0?4 to JO in Carl). ?0? j.
Digitsl Fundraising Capabilit!.. We have identifEed a need for digiTal fundraisin¥T capabilitv and capacity, and
to usc fundraising and marketing iaciics 10 inspire SUPSK>rter engiag¥emenL finaiicial oiving and lasting commitment
to SASRA. We shall scck to develop this capabiliti.. Flcxible ii'orking contracls for ASRS and siaff ¥vill allow us
to employ more Yolunie¢r and part-timc personnel that could deliver the same objectives with less reliance on
increased annual income.
Pay and Remunergtion. Truslces gil'e their lime freclN'. r¢c¢LI'e no remuneration and haiie nol claimed enlitled
eipenses in ?0?4. Siaff pa). is rei'iem'ed annu311!' and norn)all!' increased in line ￿.]lh the SASRA Pa). Poli¢y.
Council directed ihal the Executive Director reviem. pa!. for ASRS to ensure thal pay and conditions ivere fair and
commensurate with the previous polic￿ reviem, led b!. Council member Lt Col Brd),. Findings are io be delivered
in 2025.
Revival. The 'QuÈel Revival" of Gen 7, I%.hich according to orgawiisaiions such as ihe Bible S(Kiety. is leading to
a risL in church attendance. particularl). from l'oung men. is a demographic that SASRA engages with and hopes
to respond to b}. sharing Ihe Chri￿lan tncssagie etTe¢iii'el)'.
Page 7

SASRA
REPORT OF THE TRUSTEES
for ihe vegr ended 31 December 2024
FINANCIAL REVIEW
Financial Summary. As Christians. we are profoundl), grdteful for the Lord's provision ihrough ihe giving of His
people. A summarv of our financial position. in comparison to ?0?3. is as follows=
2024
£? 067.947*
£ l.ii9.988
£707.9i9
£l.OiO.993
£i3.889
£i8i.3i6
£1 j7.)91
£190.?79
2023
£1 ?6).140
£1.333.559
-£68.419
£858.186
£51.395
£180.673
£1 ??.979
Chan
e+l-
+63.5%
+2.OD/fr
Tolal Incomt
Total E
nditur¢
Net Position.
Donations
Gift Aid incom¢
Lc )ac%' income
InK'estmcnt ineome
Exceptional iiem- iransfer
of MDSH funds
+?2.5Q/o
+4.9/0
+224.00/0
* Includes cxcepiional gain of £190.?79 from ihe transfer of total funds from MDSH following the merger with
SASRA on i l December ?0?4
**before investment gains and losses
Dividends recei¥'ed from stock market investments fell £516 (1.1 0/0) 10 £47.525 and renlal income increased
£10,199 (14.80/0) to £79.033 as ￿.¢ ii'ere able to rent out s¢i'eral of our properties on short-tcrJn Icascs.
Reserves Policy. Council wJli¢%' is ihat SASRA should hold b¢ti¥een i and 6-months' opcraiional expendithre. in
¢ash or near cash to copc iviih cash flow fluciuations and anN' short-ierni. unexpected dcmands such as a sudden.
dramatic fall in dividend Éncome. Thcre is risk ihai financial giving ma). bc hindcrcd by iurbulent markets
{worldikide tariffs). cuis io benefits. poor groM1h and increased cosi of living. Additionalli,. Ihe Association holds
housing ￿t￿k for ihe conduct of its minisiry. Trusiees recognise thc need io provide additional housing for our
additional Scripiure Rcad¢r5 or ¢XiSiine ones who may have io move from mililar). SFA. This requirement can be
mci from restricted rescrves.
Prnperty- Where possible Scripture Readers are accommodated in SFA. placing them ivith the communities to
vhich the). minisier. SFA is norniall!. proi'ided io SASRA staff at charitable raies ihai are loii'er than fflarkcl rates;
this benefil is reflected in th¢ a¢counES as Intsneible Income of £34.9?8. There is. hoii'¢v¢r. gr¢at¢r demand in
particular locations that restricts availability. of SFA for Scripiure Readers and in these circumsiance& li'e pur¢has¢
suitable properties for their requirements.
Endowment Funds. In ?0?4 applications were made to the Charilies Commission under section 282 of ih¢
Charities Act ?01 l. to lift the restrictions ii'iih respect to expenditutr of Capital ihat applies io boih the William
Henry Daw50n Fund and the King Edivard Vll Soldiers and Sailors Insiiiute Fund. The Charities Commission
agFrc¢d that effective from 10 September ?0?4 the rcsiri¢iion ii'ould be lified on thc capital of Kin&i Edward Vll
Soldiers and Sailors Instiluie Fund. The liftin2 of thc r¢siriciion on capital for the William HenT!, Dawson Fund
was elyective on 14 March ?O?i. This lifting of ihe restrictions on our two major funds allows greater flexibility
and cffcciivcness in delivering our mission and objectii'cs.
Allocation ¥nd Apportionment Costs. SASRA bencfits from the voluntar%' sen'ice ?iven bN' such as trustees,
adi'ocaics and local representatives. Many volunieers ch(KJse noi io claim leoiiimate expenscs. although they are
¢n¢ouraged in these Case￿ to make a claim. to better reflect ai leasi some of the true cosis of running the
Association. The ?025 transition and Sustain Financial Plan ma%, see other allo¢alion and apportionmeni costs.
Page 8

SASRA
REPORT OF THE TRUSTEES
for the veAr ended 31 Deeember 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The TnEStees are responsible for preparing the Trustees annual report and the financial statements in accordance
ii'ith applicable law aftd United Kingdom Accouniing Stsndards {Uniled Kingdom Generdlly Accepled
Accounting Pr8ctice)-
Company law requires the Trusiees io pr¢par¢ finan¢ial sthiements for each financial )'ear. Under companv laiv
the Trustees must noi approve ihe financial statements unless the). are satisfied that they giN'e a true and fair vi¢ii'
of the state of affairs of the ¢h￿ity. and of the incoming resources and application of resources. including its
income and expenditure, of ihe charitv for the vear. In preparing financial staiements the Trustees are required to-
select suithble accounting poli¢i¢s and then apply them consistently.-
- observe the meth(Kls and principles in the Charih. SORP:
make judgemenis and estimates that are reasonable and prudent: and
prepare the financial statements on ihc goitbg concern basis unless li is inappropriaie lo presume ihat tlie
charitable company iN'ill continue in business.
The Trustees are responsible for keeping adequale accounting records that are sutTicient to show and explain ¢h¢
charii) s irnnsaciions and di%lose iN'ith reasonable accurdCS' at an! time the financial posiiion of ihe ¢liarits' 211d
enable them to ensure that the financial siatements compl!, M'ith the requiremcnts of the Companies Aci ?006.
Tlie), are also responsible for safeguarding the assets of the charity and hence for tsking reasonable stcps for tli¢
preN'ention and dci¢¢iioti of fraud and oiher I￿egUlarItIeS.
Trnstees, Ststement
Each of the Trustccs ha5 eonfirn)ed thai so far as iheN are a￿are there is no relei."ani audit infomiation of ￿..hICh
the auditors are unawa￿. and that they have iaken all the steps thai the!. ought io haN'e tskeii as a Trustee to mak¢
themselves aware of anv relei'ant audit infomiaiion and io eithblish ihat the auditors are ai%are of thai informaiion.
The Trustees have also ensured thai the financial statements compl), with the Charities and Trustee Invcstment
(Scotland) Act 2005.
AUDITOR
Thc auditors. Shaw Gibbs Audit Ltd. will be proposed for re-apw>inlmenl at ihe forthcoming Annual General
Meetin¢7
Approved bv order of the IM)ard of trustees on 2* Ma> 2025 and Signed on its behalf by..
/y
Col J W Lewis- Trusiee
Page 9

REPORT OF THE INDEPEI%DENT AL DITOR TO THE TRUSTEES AND MEMBERS OF
SASRA
Opinion
We have audilcd Ihe financial ￿aleInentS of SASRA (Ihe 'charilable company,) for the year ended
31 Dccembcr ?0?4 Il'hich comprise the Statement of Financial Aciivtties. the Balance Sl)eet. the Cash Flow
Sia¢emeni and noies to the Iinancial stat¢mcnls. ineludino a summarv of significant accounting polici¢5. The
financial reporting. framework ihat has been applied in iheir preparnikon is applicable law and United Kingdom
Accounting Standard5 (Unit¢d Kingdom Generally Acceptcd Accounting Praeticc).
In our opinion the financial sthiements..
give a true and fair vieiv ofthe state of the charitable compan! s affairs as at 31 December 2024 and ol
its incoming r¢50urces and application ofresource& Including ils income and eKpcnditure. for the year
then ended-
have bcen properly prepar¢d in accordance iyith Unitcd Kingdom Generally Accepted Accounting
Practice: and
have becn prepared in accordance wilh ihe requiremcnts of the Companies Act 2006, the Charities and
Trustee Investment (Scoiland) Act ?005 and Regulation 8 of ihe Chariiies Accounts {Scotland)
Regulations 2006.
B*sis for opinion
We conducted our audil in accordantt ¥N'ith Iniernational Siandards on Audiiino {UK) IISAS (UK)) and applicable
la￿.. Our rcsponsibililies under ihose standards arc further d¢￿ribed in ihe Auditor responsibilities for ihe audit
of the financial siaicmenis se¢iion of our report. We are indcpendent of the charitable compan), in accordance
viih Ihe eihic21 requiremenis ihal are rele￿an¢ 10 our audit of ihe financial slalements in the UK. including the
FRC'S Eihical Standard. and hai'e fulfilled our othcr cthical ￿SPOnsIbl[l11t5 in accordance with these
requirements. We believe thai ihe audit evidence we have obtsined is sutTicient and appropriate to provide a basis
for our opinion.
Conf lusions relatillg to going Concern
In auditing ihe finanLial 51aiemenis. li'e have concludcd ihai Ihe irustees, use of ihe going concern basis of
accounting in ihc prcparaiion of ihe financial statetncnls is appropriaie.
Based on ihe ￿'orK ivc hai'c p¢rfom?ed. ￿'e have nol idcJJlified an!. malerial uncenainties relating to events or
conditions that. individuallj or collectii'eli.. ma). casi significani doubt on the charilable company's abilit), to
continue as a &Toing ¢on¢em for a period of at least li%'¢l%'e monihs from when the financial statements are
authorised for issue.
Our responsibilities and the reS￿nSIbilI17es of the irustees with respect to going concern off described in the
relevani sections of this report.
Other inforniatioD
-The tmst¢¢s are responsible for thc oth¢r Énfom)ation. The other inforn]ation compriscs ih¢ infomaiion in¢lud¢d
in the Annual Report. other than the financial siaiements and our Report of the Independeni Auditor ther¢on.
Our opinion on the financial statem¢nls does noi cover ihe oiher inforniation and. ¢Ncept io the e.¥ient otherwise
cNplicitly stated in our report, w¢ do noi express an) form of assurdn¢e Conclusion ihereon.
In conneciion with our audit ofthe financial slaiements. our resEK)nsibiliti' is lo read ihe other infom)ation and. in
doing so. consider ivhethcr thc oihcr inforn)aiion is materiall!. inconsisieni i¥ ith ihe financial slaiemenls or our
knoi¥.ledge obiained in the audit or oihen%'ise appears to bc matcriall! missiatcd. If M'e identify, such malerial
iTrconsistencies or appareni material misstatemenls. are required io deierniine wh￿her this gives rise to a
maierial misstatement in the financial siaiemenis ihemseli'es. If. based on th¢ ii'ork. Ive have perfornied. we
ionclude ihai ihere 15 a malLrial mi$8tsienieni ot- Ihi5 oiher inforniaiion. M'e are required io report ihai faci. We
havc nothing to repon in ihis regard.
Page 10

REPORT OF THE INDEPENDEYT AUDITOR TO THE TRUSTEES A￿￿) MEMBERS OF
SASRA
Opinions on other matters Prescribed bi the Companies Aci 21)06
In our opinion. based on ihe %%ork undernaken in the course of tlic audit-
the inforwnaiion given in the Rewrt of the TrusiC¢S for ihe financial vear for which ihe financial
statements are prepared is consistent iviih the finantial siaiements- and
th¢ Report of the Trustees has been prepared in accordance iiiih opplicable legal requirements.
Matters on w'hich we are required to report bv exception
In the lighi of the Kno￿.1Cdoc and undcrslanding of the charitable company and its environment obtained in the
course of the audii. we have not identified material missiaiemenis in ihe Report of the Trusiees.
We have nothing to report in respeci of ihe folloli'ing matters i%here ihe Companies Act 2006 and the Charities
Accounts (Scotland) Regulalions ?￿6 (as amended) ￿quireS us io report to i'ou if. in our opinion-
adcquaie and proper accouniing. r¢cords have not been kept or returns adequate for our audit have
not bcetl receii'ed from brdnches not V1511¢d b%. us: or
Ihe financial slatemcnts are noi in aoreement ii'ith the accouniing records and returns. or
ccrtain disclosures of irustc¢s' remufterniion specified by law ore nol made: or
ve have not reccii'ed all ihc infomiaiion and eiplanations li'¢ r¢quire for our audit- or
Ihe irustees ii'ere nol cnlitled io lake advantaoe of ihc small companies eiemption from the
requirement to prepare a Siraicgic Report or in preparinLT the Report of ihe Trustees.
Responsibilities of trustees
As eiplained mor¢ fully in ihe Statetnenl of Trusiees, Responsibilities. the irusiees are responsible for the
prcparalion of ihe financial slatements and for ￿Ing salisficd thai the). oii'e a true and fair viciv. and for such
internal control as the irusiees deicnJ)in¢ 15 n¢ces5aTh' io cnablc ih¢ preparaiion of financial statemcnts that arc
free from material misstsi¢m¢ni. M,hether due to fraud or error.
In preparing ihe financial staiemenls. Ihe trustees arc responsible for assessing the charithble Company's ability to
continuc as a going concern. disclosing. as applicable. mallers relaied io goino concern and using the going
concem basis of accounting unless the irusiees either intend to liquidaie the charitable company or io cease
op¢rdtions, or havc no r¢alistic aliernativc bul to do so.
Our responsibilities for the 2udit of the fiDanci*l statements
Our objectivcs are io obtain reasonablc assurnnce aboui whether ihe financial stsiements as a whole are free from
material misstat¢ment. Ivhether duc lo fraud or em)r. and to issuc a R¢port of ihe Independent Auditorthai includes
our opinion. Reasonable assurydnce is a high level of assuran¢e. bul is not a guardntcc thai an audii conducted in
accordancc wilh ISAS (UK) will alwa)'s deteci a material missiaiement when it exisis. Missiaiements can arise
from fraud or error and arc considered material if. indii'iduall!. or in ihc aggrcgat¢. Ih¢y could reasonablv be
¢xpected to influence ihe economic dccisions ofusers taken on th¢ bosis ofihese financial statements.
The eitenl to which our pr￿edUreS are capable of d¢tectino irregularitie& including frdud is deiailed below:
Our approach to identify'ing and assessino the risks of material misstatemenl in respeci of irregularitie& including
fratsd and non-complian¢¢ ivith laws and rcgulation& il'as as follows=
the enLTrageinenl partT]er ensured that ihc cngagemeni ieam colle¢lii'cl%. had the appropriate cotnpet¢n¢e.
capabilities and skills to identify or recoginise non-complianc¢ ivith applicable la￿'S and r¢bTulations'
we identified the laivs and regulations appIl￿ble io the compan!. through discussions with dirc¢tors and
other manaoemcni. and from our commercial knoM,ledoe and ei￿rIenC¢ of the sector-
ve focuscd on specifLC laiws and reoulations ii.hich iic cotlsidered maN, have a direci matcrial cffect on the
financial siatements or the operdtions of th¢ ¢ompan)'. including Compan). law. the Charities Aci 201 l. data
protection. emplovmenl. and environmental and health and safet)" legislaiion-
Page 11

REPORT OF THE INDEPENDEYI T AUDITOR TO THE TRUSTEES AND MEMBERS OF
SASRA
we assessed the extent of compliance ivith the la￿'S and regulations identified above through making
enquiries of management and InS￿lI￿g Icgal correspond¢n¢c' and
identified laiN's and regulations %Nere eommunieaied within ihe audii ieam regularly and the team ￿Mained alert
to instances of non-compliancc throughout thc audit.
Wc ass¢sscd thc sUSC¢Ptibilit)' of th¢ ¢gmpan} s financial stxtem¢nts io material misstal¢menL including obthining
an und¢rsiandinbY of how fraud might occur. b).:
making ¢nquiri¢5 of manag¢tn¢nt as lo ￿.her¢ ih¢y considered there ￿8S susceplÈbility to fraud. their knoivl¢dg¢
of aciual. suspe¢ied and alleged fraud: and
considering ihe internal conirols in place to mrtigale risks of frnud and non-compliance wilh laws and regulations.
To address ihe risk of fraud ihrough management bias and override of control& we=
perfomied ana1￿ical procedures to identiA' ani, unusual or une.xpected relalionships:
Icslcd journal cniries to ideniif), unusual trdnsactions=
assessed ii,hether judoements and assumplions madc in deiemining the accounting esiimaies were indicative of
polential bias. and
investigated the rationale bchind signifi¢ani or unusual iransa¢iions.
ensure thai expenditure on the leaschold improvements is in agr¢cm¢nt with third party documentation, and
specifically with the main contrdctors agreed lender docum¢ntation and final account report.
In response io the risk of irregularities and non-compliance ￿.]lh laws and regulations. ￿'e designed procedures
which included. but were not limited to-
agreeing financial statemeni disclosures to uftderlyinq suprM)rting documentatton:
enquiring of management as to actual and poteniial liligation and claims. and
rcvicwing correspondence with rel¢van¢ regulaiors including the Health and Safety, Authoriry. and Legal
advisors.
There are inhcreni limilations in our audil pror¢dures descrikd al)ove. The more remoi'ed th81 laivs and
regTulations are from financial transactions. Ihe less likelv it is ihai w'e ￿'OUld become ai¥are of non-compliance.
Audiiing standards also limit the audit pr(*¢durcs rcquj￿d io identify non-complian¢e i%'iih laivs and r¢gulaiions
to enquiri, of the dircclor5 and oth¢r mana8cm¢ni and the inspection of regulaiory and leoal correspondence. if
any.
Maierial missiaiem¢nts thal arise due to frdud can be harder lo ddect than those that arise from e￿or as they may
involve deliberate concealment or collusion.
A further description of our responsibiliiies for ihe audit of the financial staiements is located on the Financial
Reporting Council's iKebsite ai wvw.frc.org.uljauditorsresponsibilitlcs. This dcscription forms part of our Report
of Ihe Independent Auditor.

REPORT OF THE INDEPEh'DEh'T ADDrroR TO THE TRUSTEES AND MEMBERS OF
SA.S.RA.
Use of our report
This report is made solely to the charitsble company's members. as a body. in accordance with Chapler 3 of Pan
16 ofthe Companies Act 2006. and to ihe charithble compan) s trustccs. as a bodv. in accordance iviih Regulation
l O of the Charities Accounls (Scotland) Regulaiions ?006. Our audit li'ork has been undenaken so ihat ive might
slate io the charilable coiiipan) s memkrs and ihe trusiees those mailers i4'e are required to state lo ih¢m in an
audiiorfs r¢port and for no oiher purtxyse. To the fullest e¥ieni pern)itted b! la￿. we do not accept or assume
responsibilitv to anyone other ihan the charitable companv and the charithble company's members as a Ex)dy. for
our audit ivork.. for this report. or for the opinions ￿'C hai'c fornied.
Lance Redman (Senior sta￿tory Auditor)
for and on behalf of Shai¥' Gibbs Audit Ltd
Eligible to aci as an auditor in ternis of Section 1212 of the Companies Act 2006
264 Banbury Road
Oxford
Oxfordshire
OX2 7DY
Date..
o>s
Page 13

SASRA
STATEMENT OF FINA)CIAL ACTIVITIES
INCORPORATING A￿, I￿.ComF. .4ND F.XPEI%DITiiRE ACCOUN
for the l'ear ended 31 December 2024
?0?4
Tothl
funds
?023
Toial
funds
Unrestricted
funds
Resiricied
funds
Endowment
funds
N￿e$
INCOME AND
ENDOWMENTS FROIM
Donaiions and Icgacie5
1.915.445
1.915.445
1,132 ?38
Other Irdding aciivitl¢S
Investment income
19.911
109.408
19.91
13?.591
19?979
Total
?.044.7fA
?j.183
?.067,947
?65.140
EXPENDITURE ON
Raisine funds
50.683
4,074
54.757
54.076
Charitable a¢tiwiti¢s
ripiure Readers- contact wilh
Miliwy Personnel
1797.697
7.534
l.i05.?31
1 ?79.483
Total
1.348.380
11.608
l.i59.988
1.))3,559
Nei gains on investments
46.699
17.501
64.700
31.051
NET
INCOMEI(EXPENDITURE)
Transfers bet%*een funds
Other recogni5ed 2ainslllosses)
Aciuarial gains on defined benefli
schemes
74i.083
489.8?9
77? 159
{37.368}
18
{489.8?9)
45.OC¥)
45.000
Net rnovement in funds
1 ?77,912
{460.75i)
817.159
137.368)
RECONCILIATJOIN OF
FUNDS
To￿1 ￿ndS brought forward
?.Oi5.050
i.Oi7.851
5.07?.901
5.110,269
TOTAL FUNDS CARRIED
FORWARD
j.jl?967
?.577.098
5.890.060
5.07?.901
Th¢ notes fomi part of these financial ￿alements
Page 14

SASRA
BALth'CE SHEET
31 December 2024
Unrestricted
funds
Restricted
funds
Endowmeni
nds
Tothl
funds
To(al
funds
Noies
FIXED ASSETS
Tangiblc assets
Inyestmenis
12
13
1.531.989
914.487
1.830.6?8
611.6i5
J.36?.617
j ?77.766
1 ?77.488
?.446.476
2.44? ?63
4.888.739
4.555.254
CURRENT ASSETS
Stock5
Debtors
Cash at bank and in hand
14
15
?7.444
?11.6j4
81 J.8?6
?09.189
681.4i6
?.445
13?.390
796.933
?88.0??
918.1￿9
lJ4.835
1.052.904
608.56?
CREDITORS
Amounts falling du¢ within one
year
16
(51.58J)
151.58))
(45.915)
NET CURRENT ASSETS
866.486
134,835
.001.3?1
562.647
TOT AL ASSETS LESS
CURRENT LIABILITIV.S
i.311962
2.577.098
5.890.060
5.117.901
PENSION LIABILITY
19
145.0001
NET ASSETS
i.i12.962
? 577.098
5,890.060
5.O7?.901
FUND.
UnrLstricled funds:
General fund
Designaied Fund- Properties
Designated Funil- Inv¢5mJents
18
91 ?.5?7
1.485.948
914.487
375.1?6
1.1 i8.69i
5?1731
3. j l?.96?
?.OJ5.050
Endowment funds
?.577.098
3.037.851
TOTAL FUNDS
>.890.060
5.072.901
These financial 51atemenis have been prepared in acconlance with the provisions applicable io charitable companie5
Subject to the small companies reoime.
The financral statements were approved by th¢ Board of Trusttts and authorised for issu¢ on ?9th May 2025 and were
si¥ned on its behalf bv=
J W Lewis- Trusiee
The noles form part of these financial ￿ateMentS
Page 15

SASRA
CASH FLOM, STATEMF.NT
ror the vear ended 31 Deeember 2024
70?4
70?3
Notts
Cash flows from operating #cti%'i¢ies
Cash generdled from operdEions
{?5i,471)
Nei cash provided byl{used in) operdiing aciivilies
253,471)
Cash flow5 from investing #cli)'ities
PU￿hase gf tannible fiked assets
Purchase of fixed assei iTrvesiments
Sale ol-iankiible fixed ￿se15
Sale of fixed asse¢ investments
Movement in investmeni cash accouni
Cash rec¢iv¢d Ls part of charity merg
InieTesi r¢ceived
Dividends received
{10.0001
(?ii.490}
{$1.6441
507
48.811
13.356
?0.7
6.104
48.041
47.5?5
Net c&sh provided by investing activities
73.0(H
65.175
Cash flows from fiTraDelll2 aetivities
Income aiiributable to etldowmeni
Expendittsre aiiriblltable to endoH'ment
11.608)
5.175)
Net Cash provided by/lu5ed in) financing aciiviiies
I,)75
5,175)
Change in c85h and eash wuii'alents in
the rcportlll2 period
Cash 3nd cssh cquii'#leDts at the
btginnin% of the reportints period
1193.471)
*88.0??
481.493
Cash and cash equivalents at the end of
Ihe reportlRg pcriod
81 j.8?6
?88,0??
The notcs forni part of ihese financial siaiements
Page 16

SASRA
NOTES TO THE CASH FLOW STATE.MENT
for the vear ended 31 Deeember 2024
RECONCILIATIOIY OF NET INCOMEI(EXPENDITURE) TO NETCASH FLOW FROM
OPERATING ACTIVITIES
?0?3
Nel ineomellexpenditure) for the rewirting ￿rIOd la5 per the
Siaiemeni of Financi31 Activiiiesl
Adjustment5 for:
Depre¢ia¢ion cha￿.£S
Gain on invesiTnenis
Profil on disposal of fixed assets
In¢er¢si received
Dividends recciv¢d
Income aiiribuiabl¢ to endowment
Expenditure auriblltable to end0￿.Ment
Cash paid to pen5Lon fund deficil
Incotnc from charity mc￿er
In¢reasc in stocks
Increase in debtori
Decrease in erediiors
77? 159
137.368)
{Jl.051)
1491
16.1 (Al
148.041)
(6.033)
(47.5?5)
(?).18i)
11.608
5.175
{1.8(M)I
(190 ?79)
17.884)
{1?8.?60)
14.411
117.865)
Net C85h prol'ided byl(used in) operntions
? j3,4711
ANALYSISOF CHANGES IN NET FUNDS
Ai 1.1.24
Cash flo￿,
At31.12.24
Net cash
Cash ai bank and in hand
288.0??
5? j.8(
813.8?6
?88,0??
j?5.804
813,8?6
Total
?88.0??
5?5.804
81 J.8?6
The notes forni part of these financial Sts￿ments
Page 17

SASRA
L OTES TO THE FINANCIAL STATEMENTS
for ihe vear ended 31 December 2024
ACCOUNTING POLICIES
Basis of preparing th¢ finsncial 5tatemeThts
Th¢ fjnancial siarem¢nis of ihe chariiable companj. which is a public bencfii entity. under FRS I O? have been
prepar¢d in accordancc ivith the Chariiies SORP IFRS 10?)'Accounling and Reporting b). Charities= Staiemenl
of Recommended Pra¢Li¢e applicable to charities preparing iheir acoount5 in accordance M'iih the Financial
Reporting S¢andard applicable in ihe UK and Republic of Ircland (FRS Ioty) {effcciivc l Januarv ?019)'. Financial
Reporting Siandard 10? The Financial Reportins Siandard applicable Én the UK and Republic of Ireland. and the
Companies Aci ?(K)6. The financial siatemenis havc prepa￿d undcr the hisiorical cost conveniion. M'ith th¢
excepiion of investments which are included at matkei value. as modified by th¢ rcvaluaiion of certain assets.
The Fsnancial siatements have been prepared on the going concern basis.
Income
All income is recoonised in the Siaiemeni ofFinancial Activities once ihe chants, has eniitlernent to ihe funds. it
is probable thai the income ￿.711 be received and the amouni can be tn¢asured reliably.
Specificallv. legacy income is recogni5ed when the chariiable companv is first notifi¢d after grani of probaie. and
onl}, if a value can be reasonablv esiimaied for all elements of costs such as leoal f¢cs.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or consirnciive obligation committirtu the
charily to thai expendiiurc. it is probable ihat a transfer of cconomie benefits will be required in settlement and
thc amouni of ihe obligaiion Gin be measured reliabl%'. Expendilure is accounicd for on an accruals ba5¥s and has
been classified under headinys ihai aggr¢gaie all c05t rclated io th¢ caiegor%,. Wherc costs canno( be direcrly
a¢tribuied io particular headings iho. have been allocaicd io aciivitl¢s on a basis consisieni wilh ihe use of
resources.
Raising funds
RaisinLTr turkd5 includes all ¢xp¢ndiwre incurred b%. Ihe chariTh io rdisc funds for 1￿Charl￿bI¢pUr￿￿S and includes
costs of all (undrdising activiii¢s. events and non-charithble trading.
Charitable actLI'ilies
Costs of chariiable aciivilies are incu￿{ prin¢ipall!' in ihe wovision of staff deliverin? ihe charitsble objectives
of the Asso¢iaiion. These fomi¢rlv %pardielv ideniified as the M'ork. of our Scripiure Readers in providing
spiriiual and pastoral 5UPP)rt io our EtneficiariLs and our Arca Rcpresen¢aiiN'es in inforniing ihe Christlan public
of our work. As the charih. h85 had a reQ￿anIsa1]oll and no longer has Area RepreSen￿lives. there is now only
one principle activiW and ¢he account preseniaiion has been adjusied to r¢fleci Lhis. The 5UPtM)rt Costs relating io
the managemeni and govcmance of the chariL}' 15 4)P)rtion¢d io chariiable aciivities.
Governance costs
This inCl￿deS aceouniancy and professional fees incurred bv the Charitj, io meei kis stawiory obligations.
Alloeation and apportionment of costs
Suppon costsare made up ofihe mana
oement costs of runningthe charity. Pan ofthese costs are diredly allocated
to Costs for Generaiing Funds and ihe remaind¢r is allocaied io Charitable Activiiies.
Tangible fixeif assets
The polic>. for capithlising fix￿ ￿Sets is items >£400 each.
Depreciation is provided ￿ the follo￿.]ng annual rai¢5 in orderto wriie off ¢ach asset over its esiimaied usefvl life.
Fumiture & Equipment
Motor Vehicles
- ?(P/o on cost
Page 18
continued...

SASRA
NOTES TO THE FINANCIAL STATEVIEf4TS- continued
for the vearended 31 December 2024
ACCOUNTING POLICIES- conlinutd
Tangible fsxed assets
Freehold properties
Propenies ar¢ inilially r¢¢ognised ai cosi. Propertie5 sub5cquenily ¢arried ai the revalued amouni and nol
depreciaÉed. Propenies are valu¢d on an annual basik i¥henever iheir ¢￿'Ing alllOLkn15 are likely to differ
materially from their revalued amounts.
As a result of the MDSH merger with SASRA Havelock House ￿'aS transferred ai MDSH s cost io SASRA.
Stocks
Sro¢ks are valued at the lower of CO￿ and realisable Yalue. after making due allowance for obsoleie and Slow
movino items.
Taxation
The chariry is excmpt froTn Corporati(￿ w on its charitable aciivitie&
Fund aeeountin
Unr¢stricted funds can be used in accordance with the charitable objeciives ai the discretion of the trltstees.
RestricEed fund5 can only ￿ used for particular restricied purposcs within ihe objects of the chariis,. Resrri¢tions
arise when specified bv the donor or %'hen funds are rais¢d for panicular rc5tricied purposes.
The ¢harity has four non•expendable endowrnent funds. These were capithl gifts cornprisinv of propertkes held for
the 5pccific use of housing Scripture Readers. and Tru￿¢¢ Slaius Investments. Income generydted on ihe
investments is irea¢¢d as unrestricied.
Further explanation of the nature and purpose of each fund is included in the note5 to the financial staiemenis.
Hire purchx5e and leasing commttments
RenEals paid under operating leases are ¢harged io the Sthiemeni of Financial A¢iivitÉes on a straight line basis
over the period ofthe lease.
Pension cost5 and other posl-retirement benefits
The chariiable eompanv operaies a defined Coniribuiion pensÉon Scheme. Contributions payable in th¢ year arc
charged in the Sia¢cmeni of Financial Aciivitre5 in the wri(Kl to i%'hich Ihej. relate. Furthemiore. in ihe pasL the
charitobl¢ ¢ompanY a150 made ¢oniribuiions io a dcfincd benefil scheme up io i ISL Decernber ?005. More
information on ihis is provided under ihe relevant noi¢ io the accounts.
Investments
The invesmicTtls are quoied invesEments and slai¢d at mid-mark'ei value at ihc balanoe sheei date. Surpluses and
deficits on revaluation of lh¢ portfolio at the end of lh¢ l'ear arc renecied in the accounts in Ihe Staiem¢nt of
rinancial Aciiviiies separai¢lY ￿tween realised and unrealiRd gain5.
DONATIONS AND LEGACIES
?0?3
Donation5
Gift aid
Legacies
Intanuible income
Funds Trdnsferrcd from MDSH
1.050.993
5i.889
58i.ii6
858.186
51.395
180.673
41,984
190.?79
1.915.445
Page 19
oniinued..

SASRA
NOTES TO THE FINANCIAL STATE,MENTS- continued
for tbe vear eDded 31 December 2024
OTHER TRADING ACTIVITIES
2024
2023
Salcs
INVF.STMF.NT INCOME
?0?4
?023
R¢nts received
Dividend incorne
Deposit accouni inierest
79.033
47.)?5
6,033
68.834
48,041
6.104
l j?.591
1?7979
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 6)
Support
costs {see
notc 7)
Totals
Scripiure Read¢r5- conlaci with
Military, Personnel
601 ?70
70i.961
.305.231
DIRECT COSTS OF CHARITABLE ACTIVITIES
20?4
?0?3
Staff costs
Other operating leases
Telephone
Posiago and stationery
Rcni & raies
Computer costs
H¢ating & cleaning
Travel &. moior expenses
Othcr siatTcosts
Accommodation costs
Conferen¢e5 expenses
Relocaiion costs
LO$￿(gain) on sale of asse
465,5?5
416.85)
17,908
4.695
2?
?3.188
700
19,966
li8
33.041
.)i5
16.669
7.475
34,9?8
li.(
7.759
41,984
6.576
8.001
49}
601 ?70
568.38?
Page ?0
continued...

NOTES TO THE FIIN'ANCIAL STATF.MF.iNTS- ¢ontinued
for the l'ear ended 31 December 2024
SUPPORT COSTS
Governance
costs
Management
Totals
Scripture Readers- conlact with Miltiary
Personnel
691.841
703.961
Support costs. included in the above. arc as follows-
M8nggemtnt
70?4
Scripture
Readers-
ontaet
'iih
Military
Personnel
Total
a¢tiviiies
Salaries and ex￿nSeS
Social 5ecuriry
Pensions
(hher operaiing leases
Insurdncc
Rccruiim¢ni ¢osts
Tol¢phone
Copyinb. po$￿ge & siationeTI'
Accomm￿￿¢70￿ costs & maini
ReDI &, service charges
Compuier ¢xpen5e5
Outsource service fees
Professional fees
Travel &, molor e.xpenses
Other siaff costs
Training
Publication
Sundries
Depreciation of tangible and heritage assets
4?7.691
40.810
390.41?
36.107
1.049
l i.363
194
2,588
5.779
3?.074
42.271
?.867
5.347
23.747
40.147
4.336
i4.969
12.)90
14.561
9.601
l i.463
9.887
46.181
4.786
691.841
698.?89
Govtrnance costs
70?4
Scripiure
Readers -
contact
with
Military
Personnel
Total
aclivilics
Audhtors. remunerdlion
Auditors. remunerdtion for non audii work
10,i?o
?.000
Pagc?I
¢ontinued...

SASRA
NOTES TO THE FINAIN'CIAL STATE.MENTS- continued
for the vear ended 31 December 2024
NET INCOMEJ{EXPENDITURE)
Net incomellexp¢ndiwr¢) is stai¢d after cha￿ing1{Cred1I7ng).
?024
?023
Auditors, remunerdtion
Alldiiors, retnunerdtÈon for non audit i%'ork
tkpreciation - oivncd assets
hcr op¢raiino le￿S
Surplus on disposal of fixed assets
10,61?
2,?00
1 ?.305
18.957
49)
TRUSTEES, REMUNERATION A￿D BENEFITS
There were no inJsiees' remuneration or oiher benefiis for the year ended 31 December 2024 nor for the year
endcd 31 December 207-
Trustees, expens
Ther¢ were no trustees. expenses paid for the yfdr ended 31 December 2024 nor for the year ended
31 Deeetnber ?O?-
io.
STAFF COSTS
2024
20?3
Waues and salarie5
Social security Costs
O¢h¢r pension costs
824?15
75.71?
7i.O? I
745,533
69.052
61.562
97?.948
876.147
The aVer￿e monthly nUrn￿r of emplovtts during ihe vear was follows=
?0?4
2023
HQ SiatT
Scripiure Reader5
Regional Managers
16
14
No ¢rnployees received emolwnenis in excess of £60.(KJO.
The avewe number ofvolunteers were 91 ihis year (?02).' 9?).
The trustees have considered that the ke!. managem¢ni personnel comprise of ihe trusrces. Ihe Executive Direcior.
the Finance Direcior. Ihe Ministry DI￿￿Or. Ihe facilitie5 Direcior and th¢ Operation5 Director. The ioial
compensation paid and payable of ihe ke). managemeni personnel dunno
the financial s'ear wa5 £??9.53) (2023:
?01.7151.
Paoe 2?
continu¢d...

SASRA
NOTES TO THE FINAI%CIAL STATEMENTS- continued
ror the vear ended 31 Deeember 2024
COMPARATIVES FOR THE sfATEMENTOF THE FINANCIAL AcfiviTIES- 2023 YEAR
END
Unrestricled Restricted
funds
funds
Endowmeni
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donaiions and legacies
1.13? ?j8
1.132,?38
Oih¢r trading activities
Investsneni income
9.9?3
122.979
Total
l ?)4.515
30.625
1.265.140
F.XPENDITURE ON
Rassing funds
48.901
5.175
54,076
Charitable activitie5
Scripiure ReadeTS- coniaci with Miliwy
Personnel
1 ?79.48)
1 ?79.483
Tot81
l.j?8. j84
5.175
1.33).559
Net gains on investments
?0.?78
10.77i
31.051
NET INCOMF.I(EXPENDITURE)
Transfers bee￿¢¢n funds
(7i.5911
iO.6?5
{37.3681
iO.6?51
Net rnoyement in funds
(42.966)
5.598
(37,368)
RECONCILIATION OF FUNDS
Total funds brought forward
?078.016
i.Oi? ?53
5.110.?69
TOTAL FUNDS CARRIED FORWARD
?.Oi5.OiO
i.037.851
5.07?.901
Page 2)
continued...

SASRA
NOTES TO THE Flh'ANCIAL STATEMEINTS- continued
for the l'ear ended 31 December 2024
12.
TANGIBLE FIXED ASSETS
Freehold
Furniture
property & Equipment
Motor
veliiclcs
Totals
cosr
At l January 2074
Additions
3.797.6?)
65.794
7.000
9.000
3.417.854
97.119
Ai 31 December ?024
i,i6i.416
135.557
16.000
i.514.973
DEPRECIATION
Ai l Januar), ty0?4
Charge for year
10? 171
i.Oi3
1.400
140.088
12.268
7.497
Ai 31 December ?0?4
47.381
105.i47
4.433
l i2.356
NET BOOK VALUE
Ai 31 December ?0?4
3.3?1.035
30.015
3.36?617
At 31 December ?0?3
j.?6? 7j8
3,967
j.777.766
Additions io Freehold prortrty in the }'¢ar represents HaVe1￿K Housc. a commercial prop¢rti' Iransferred to
SASKA following thc merger with MDSH on 31 Decembcr ?0?4. This propert>. is held ai historic cost.
Included in Freehold properties. 1$ 2 propew beneficiallv o￿ned bi ihe charitv, of which iiile is held by the W H
Dawson TTUSI. All freehold prop¢rties are held for dir￿1 charitable purposes.
All ihe fr￿h0]d residential properties were revalued by management during the year on th¢ basi5 of a prudent
esiimaie of residual value.
Also inclLEded in Freehold properties is a property wilh carn. value of £37.038 ￿hICh 15 tied into a leasehold
which is due to e.%pire in Nov ?0?8. This revaluation is bas¢d on ihe estimated fuiure r¢nial income since the
property d￿5 noi have a market value. This property will be deweciatcd over the remaining life of its lease.
Included in Additions io Furniture & Equipment are fixed assets at a EA)ok value of £?? j?5 {Hisioric cost of
£75.34]) tyansferred to SASRA follow'ing the merger wilh MDSH on 31 DeceTnber 20?4.
13.
FIXED ASSET INVESTMENTS
?0?3
Share5
Other
1.495.7i9
iO.i83
1.243.174
34.314
1.5?6.1?2
1777.488
Page ?4
continued...

SASRA
NOTES TO THE FINANCIAL STATF.MI EliTS- continued
for ihe J'ear ended 31 December 2024
13.
FIXED ASSET INVESTMENTS- continued
Addiiional infomiaiion as follows-
List¢d
invesiments
MARKET VALUE
Ai l January ?074
Additions
Di5P05a15
Revaluation5
1 ?43.174
4?3,517
1199.796)
At i l December ?0?4
1.495.739
NET BOOK VALUE
Ai ) l December ?0?4
1.495.739
At 31 Decembcr ?0?3
1743.174
Included in Addilionsare inVeS￿ents valued at £1￿.0)7 iraDsf¢rred io SASRA following the merger with MDSH
on i l December ?0?4
The hislorical Cost for the atM)ve Fixcd As5ei Invesiments is £1.047.5?6 {7023-. £1.011.799). Included in the
historical cosi are £16).7J5 ￿anSferred io SASRA followino
the merger ￿.]lh MDSH on J l December 2024
There were no invesimeni assets outside the UK. No inv¢stm¢ntexceeded 51J/•ofthe markct value of the ponfolio.
C05t or valuaiion al i l D￿ember ?0?4 is rePre￿￿ted by=
Listed
inirestments
Valuation in ?0?4
1.495,739
Investments (neiiher lisi¢d nor unlisied) were as follows-.
2074
Cash held for investmenl
30.i83
In¢ludcd in Cath held for Invesmeni 15 £3.063 transferred to SASRA following th¢ merger with MDSH on 31
December ?0?4
14.
STOCKS
?024
Siocks
?7.444
?3,607
Included in Stocks is £i.3?? I￿Sferred LO SASRA follo￿1n￿ ihe mer¥*er ￿'Ith MDSH 31 De¢¢mb¢r ?0?4
Stock value includes a proviSLon for slow moving stock of £4.5iO (?O?J'. £4.i16)
Pag¢ ?5
Continued...

SASRA
NOTES TO THE FINLNCIAL STATEMF.%'TS- eoDtinued
for the vear eDded 31 December 2024
15.
DEBTORS
2024
2023
Amounts falling due within one year..
Miss Daniell's Soldiers. Homes
Dividcnd and ini re£¢Èvable
Lega¢), debtors
O¢h¢r dcbtors
Gifi okd lax reclaim due
Prepavments
107.093
5.581
156,416
4.530
3,970
15.494
?11,634
?96,933
Included in oiher debiors is £941 transferred from MDSH follo￿•ng ihe merger on 31 December ?0?4
16.
CREDITORS: AMOUNTS FALLING DUE WITHIP4 ONE YEAR
?0?4
2023
Trade creditors
Social security and other wes
VAT
Other ¢rcditor5
AccNed e.Kp¢nses
7,196
18,310
18.038
4,450
8.716
?O.i71
7.409
13.000
51.)83
45.915
Wiihin Creditors the followino amounts ￿ere nnsf¢rr¢d to SASRA fol10￿.1ng the merger with MDSH on ) l December
?0?4. Trdde creditors £8. Social Securitv and other ￿leS-£408. VA T £4.450. Oth¢r ¢rcdiiors £?ji and Accnjed
expenses £5.690.
17.
LEASINC AGREEMENTS
Millimum lease payments under non•cancellable operaiing leascs fall due ￿ follows..
?023
Wiihin one %'¢ar
BeÉween one and five years
?.858
?.307
Page ?6
continued...

SASRA
NOTF.S TO THE FIP*'Ah'CIAL STATEMENTS- ¢ontinued
for the )'¢ar ended 31 Decemb¢r 2024
i&
MOVEMEIYT IN FUNDS
Net
movemenl
Tn funds
Trnnsfers
betM'cen
funds
At
31.12.24
Unrestricted funds
Gcneral fund
Desionated Fund- Properties
Dcsiunaied Fund - Inve5tmenLS
j75.1 ?6
l. li8.69i
5?1 ?31
741.384
l?Oi.9831
j47.?55
346,557
91 ?.5?7
1.485.948
914.487
46.699
?.OJS.050
788.083
489.8?9
3.31?.96?
Endowm¢nt fund5
The King Edward Vll SoldȢr5 & Saitors
Ins. Fund
The Consolidated Fund
The W H Dawson Trust
Granville-smiih Fund
The Marter Reader Fund
489.8?9
j99.68?
2.li6.666
8.889
(489.8?9)
399.682
2.165.74?
8,889
?.785
29.076
J.Oi7.851
489.8?9
?,577.098
TOTAL FUNDS
5.07?.901
817.li9
5.890.060
Net movement in funds. included in ihe above are &s follows:
Incoming
resources
Resources
expcnded
Gains and Movemenl
losses
in funds
Unrestricted funds
Generdl fund
Designated Fund- Invcstments
{l.i48.380)
45.000
46.699
741.i84
46.699
?.044.764
I l.i48.i80)
91.699
788,083
EndowTheni funds
Thc W H Daw'50n Trusi
23.183
(11.608)
17,501
79.076
TOTAL FUNDS
?.067.947
{ l.ii9.988)
109.?00
817,159
Page ?7
continued..

SASRA
NOTES TO THE FIINANCIAL STATEMEh'TS- CODtinued
for the
ear ended 31 December 2024
18.
MOVEMENT IN FUNDS- Contin￿ed
Comp4raliTr'es for moi'ement in funds
Nel
movemeni
in funds
Trdnsfers
beiii'ecn
fuT]ds
At
31.12.23
unrestricted funds
Generdl fund
Deskijnaied Fund- Properties
Designated Fund- Investments
437.98)
l. lJ8.69i
501.i38
{9i.484)
30.675
375,126
l.1)8,693
5?1.231
2.078.016
{7i.591)
30.625
2.035.050
End0￿ment funds
Th¢ Kin47
dward Vll Soldiers & Sailor5
Ins. Fund
The Consolidai¢d Fund
The W H Dawson Trust
Grnnville-srnith Fund
The Marter Read¢r Fund
489.187
7.?75
(6.63))
489.8?9
? lil.710
8.889
78.948
? 136,666
8.889
2.785
J.Oi? ?Sj
iO.6?5}
).0)7.851
TOTAL FUNDS
5.110.?69
li7.i68)
5,07? 901
Cotnparaiive nei movement in funds. included in ihe aiK)v¢ arc as follows:
Incoming
resour¢es
Resources
eipeTrded
Gains and Movement
losses
in funds
Unre$iricted funds
Gcnerdl fund
Designated Fund- Invesiments
1 ?34.51)
(1.3?8.384)
(9J.484)
19.893
19.893
l ?J4.jl j
(1.378.384)
?0,?78
17J.5911
Endowment funds
The Kin. Edward Vll Soldiers & Sailor5
Ins. Fund
The W H Dawson Trust
(1.149)
.791
8.982
7.275
?8.948
? j.997
{5.175
10.77)
TOTAL FUNDS
1 ?6).140
l.)J).5591
il.oil
37.)68)
Included in total reserves. is a revaluaiion of £l.ii8.i08 ￿'hICh £1.1 ?6.9ii represents the difference be[￿'een the
market value and ihe hisiorical cosi of properties. And L? j I,i7i represeniins the dilTerence beT￿een th¢ market
valuc and the hisiorical COSE of investments.
De5ionaied Funds
I'he5c represen¢ how much of the iotsl general fund balance is lied inio capithl. specifically into properties and
invesimenrs.
Page ti8
continued...

SASRA
NOTES TO THE FlINA￿'cIAL STATEMEI%TS- Continued
for the vegr ended 31 December 2024
18.
MOVEMENT IN FUP*DS- continued
Restricied Funds
These comprise of various specific funds. Ihe main one beino ihe proYi5ion of fund to ini'esi in much ne¢dcd 11-
equipment and softm'are together ii'ith appropriaie IT support to benefii both the R¢oional Managers and also (he
main orrice.
Endowmeni Funds
The King Edward Vll Soldrers & Sailors Insiiiuie Fund- The purw)se for ihis fund is io provide accommgdation
ror Scripture Reader5. especially in geographical areas froTn ￿'hICh ihe Consolidaced Fund 15 cx¢lud¢d, such as
Scotland for instance. The cost of mainiainino
> properties is mei b!. Ihe General Fund. IILiS fund is mainl}. held in
TTysiee Siatus Invesimenis. All cash incorne is rcceived into the General Fund. The Chariiies Commission agreed
thai cff¢¢tive from l O September ?0?4 ihe resrriciion li'ould be lifted on ihe capithl of King Edii'ard Vll Soldiers
nd Sai19r5 ln5tiluie Fund.
Th¢ Consolidaied Fund- Thc purpose for this fund is partly io provi(k a¢commodation for Scripture Readers and
Ihe balance is held in Trustee Stsius Investments. All fdsh income is received inio the General Fund.
The W H Dawson Fund- The purpose for this fund is partlv io provide accomm(Klation for Scripture Readers and
Ihe balance is mainlj. held bn Tn￿re¢ Siaius Invesiments. Income from tnvestm¢nts and bank deFK)sil in(eresi is
received into ihe General Fund. The Charities Commission approved the liftino of the restriction on capi101 for th¢
William Henry DaM'son Fund wa5 effeciive on 14 March ?0?5.
The Granville Smith Fund- The purpose for this fund is panly io provide accommodaiion for Scriprnre R¢aders
and the balance w&$ iniliall), held in Trusiee Staiu5 InvesimenLk bui was since sold and the proceeds held in a
dep05ii accounL All c&sh income is received inio the General Fund.
The Maner Reader Fund - ThÈs also a fund held in Trusice Siaiu5 Investment. and M'as sinc¢ sold and the
proceeds are held in a dep051t a¢counL. All cash incorne i5 recei%'ed inio lh¢ General Fund.
Trnnsf¢rs betw'een fund5
The iran5fer from thi F.ndowmeni Funds to the General Fund £7.7?7. represents dividend income received directly
into the endowment funds which accordin4y io polic!. are uliimaiel}' transferred into the Generdl Fund.
19.
EMPLOYEE BENEFITOBLIGATIONS
A refcTTcd i(Tr in note ?? the iriennial acluarial valuaiion as ai Ihe i Isi December ?0?? show'ed a surplus againsi
iechnical proyisions. The provision of£45.000 carried in the accounts at i l December ?O?i is no longer required
and has bc¢n released in Ihe %'Vdr io i l December ?0?4.
20.
RELATED PARTY DISCLOSURES
The Council of the Soldiers. and Aviators, Scripiure Readers Associaiion 15 Corp)rate Trustee and Beneficiarv of
variou5 funds comprisinip non-exp¢ndable capital sums underthe control of the Charity Commissioner for England
and Wales.
Th¢ Council is Corporate Tru￿te and Beneficiary of The Consolidated Soldiers. and Aviators. Scripture Readers
Fund (subsequenily referred io "The Consolidai¢d Fund-) 15 used in pan io provide accommodation for
sCripw￿ Rcaders. iviih ihe balance of this. iooeiher ￿]lh the ¢apiial of The Maner Reader Fund and The Grdnville
Smith Memorial Fund. held in deposii accounts.
The Council. under an order of the Gibralw Supreme Court. is also CoTpofdle Tnhsttt and Beneficiary of Th¢
King fdward Vll Soldier5, and Sajlors Insiiiute Fund. From the l O Seplember ?0?4 the restrictions on ihc Fund
were lifted by the Chariry. Commi55ioner for England and Wale5. is Used 10 provide accornmodaiion for SeripiuTe
Readers. e5peciallJ' in geographical area5 from ￿hÈch Ihe Con501idaied Fund is ex¢ludcd. like Scotland for
insian¢e. For the time bcing there aro no Pro￿rtieS held in Scoiland. so all ihe fund is being h¢ld in Trnstee SiaÈUS
Investments. uniil a neH' propcTtY is purchased.
Page ?9
continued...

SASRA
'OTES TO THE FINAIYCIAL STATEMENTS- Continued
for the vear ettded 31 Deeember 2024
20.
RELATED PARTY DISCLOSURES- continued
The Council is Beneficiary of the W H Damson Tru51 H'hich w&% originally esthblished solely io provide
accornmodaiion for the AssocÈaLion's Headquarters. The TTU5t has ils oii'n Trusieck responsible io ihe Charity
Commission¢TS for England and Walcs. but the Council has pom'er io direci ihe Trustecs ii'ithin the limits of the
Tnjsi Deed and Trusic¢s Investments Act 1961. As sole beneficiar).. The Associaiion acts as th¢ s¢creiariai for
the Trusiee5.
The Council is also Co¥p)raie Trustee of Miss Daniell's Soldiers. Flomes. a Registered Charity No. 233685 whose
affairs are dealt with separately as this charit). falls ￿'ithin rhe definilioTt of a "connecied chariry raiher ihan a
"brdnch" wilh respeci io ihc Siaicmeni of Rccornrnended Practice {Accouniing by Charicies). The chariiable
COTnpany pays reni and seNice charg¢s io Miss Daniell's Soldiers. Homes in respeci of office space ai Havelock
House. These ioiallcd £40.147 (?O?j.' £4? ?71).
Included in 5UPPOrt costs. is the salary ond oiher ¢05ts &SSOCiatcd ￿'Ith the mana(Temeni of ihe Jackson Club on
haifof Mi55 Danicll's Soldicr5' Home& amounting 10 £5?.5?8 {?0? j.. £5? 5*81.
At 31 December ?0?4. as a resuli ofihe merger ihe receivable balance from Miss Daniell's Soldiers. Homes was
cleared l?O))= £107,09)).
21.
POST BALANCE SHEET EVENTS
William Henry. Da￿sOn Fund - Effective 14 Imarch ?0?5 the SASRA Council recciv¢d noiification from the
Charhlies Commission thai li concurred with the Trusiees Resoluiion und¢r sectton ?8? of the Charitses Act ?01 I
to lift the resrriciion on ihe use of the Fund"s capitsl.
MDSH restructtsring- In January ?0?5 the SASRA Council made the decision. follow'ing the merger of MDSH
wilh SASRA on J l December 20?4. 10 Close ihe Jackson Club. Gibraltar Barraeks. Minley.
22.
PENSION COMMITMENTS
Up uniil i 1st Dttember 21K)5. Ihe charity was Contributing iom'ards a defined benefit pension schemc providin8
beneliis bas¢d on final pensionable pa}.. li w'as decided io close Ihis pension filnd follo￿]￿0
the advite of an
Independeni Aciuarv. and since ihen the charl￿. started 10 coniribuie ioM'ards a defin¢d coniribution scheme.
Coniribuiions pavable in the year are charged in th¢ Statement of Financial Acriviiies. The p¢nsion charge for the
financial year was £73.021 (2023.. £61.5611
Th¢ assets of the defined beD¢fJi pension 5chernc are being held separaieli. from those of ihe chariN. and are being
invested wirh insurance companies. Full acwarial valuation5 are undenak'¢n b%, an indepcndenl. qualified aciuary
ai inicrvals not exceeding three }'ears. The most recenil!. compleied full %'alLEation Is ai 3 ISÉ December ?0?2
and figures hav¢ b¢¢n updaied from thai dale w th¢ accounting date using data available io the qualified aciuary
at the lime.
The meihod of valuation w.hich has been adopt￿ is ihe Cu￿ent Unli Mcihod. and the assumpiions w'hich have
Ihe mosi si4ynificani etTed on ihe results of ihc ?0?? valuaiion are those relatino lo the raie of reium on invesimenls
and the rdies of increase in salaries and pensions. Th¢ basis of inflaiion used for sialutory pension increases and
5tatuiory revaluaiion forihc s¢hcme has chan(Ted from RPI (Retail Pn"te IndeNI 10 CPI Iconsurner Price Inflation).
For member5 Ivho have nor l'et re11r￿. and wherever pennissible. it M'&% &ssumed thai ihe invesiTn¢llt returns
vould be 4.07f/*4 pa aftcr reiiremeni. and that preseni pensions i%'ould increase ai ihe rdie of ).870/0 pa for ihose
subject to CPI and io RPI, and future pensions ￿'0￿]d increase ai the ttie of 3.04°/'& pa for ihosc subjcci to CPI and
).)9Q/opa to RPI.
The $179 value of the s¢h¢m¢'s assets as at (hat dale was £1.578.J99 and the prcseni value of the ioial protected
5cherne'5 liabiliii¢S was £l.i79.716 giving a SUTplus in the scheme. The moi'emeni in ihe dcficit from £45.000 10
zero has been recognised &5 a reduction in the provision tor liabililies and charges in th¢ chariry"5 financial
siaiemcnis.
The next f¥Jll assessment will be due ai 3 IM December ?0?5
Page 30
conlinued...

SASRA
I%OTES TO THE FINANCIAL STATEMENTS- continued
for the vear ended 31 December 2024
23.
MEMBERS, LIABILITY
Every member of the charitable company undertak-es iocontribui¢ such amouni as may be required {not ¢x¢¢eding
50p} Èo the chariiable companN's assets if li should b¢ wound up while h¢lsh¢ is a member. or within on¢ y¢ar
after helshc ccases to be a member.
P8g¢31

SASRA
DETAILED STATEMEINT OF FlIN'Ah'CIAL ACTIVITIES
for the vear ended 31 December 2024
20?4
?023
INCOME AND ENDOWMENTS
Donations and leEa£ies
Donations
Giftaid
Legacies
Iniangible income
Fund5 Transferred from MDSH
1.0.$0.993
5).889
585,356
j4.9?8
190.279
858.186
51,)95
180.673
41,984
1.915.445
1.13??38
Other trading activities
Sales
19.911
9,923
InYe5tmeni income
Ren￿ re¢eiv¢d
Dividetld income
Deposit account inieresi
79.Oi3
68.834
48.041
6.104
137.591
1?2.979
Toial ineoming resources
2.067.947
1 ?65,140
EXPENDITURE
Raising donations and leg4cics
Salarie5 aTrd eNpens¢s
Social security
Pensions
Telephone
Postage and Slationery
Reni & rai¢s
Heating &. cl¢allinu cos
Publicity & adv¢rtising
5.260
470
397
5,564
517
243
18?
338
?60
196
546
78
30.758
36.6?2
38.140
Investment managemeni costs
Portfolio manageTnent
Reni colleciion
8.75)
8.538
7.398
18,135
15.9i6
Charitsble 3ctivities
Salaric5 and eipensL'S
Social set￿rity
Pension5
Oiher operating leases
Carried forward
349.557
34.868
17.908
4i4.761
17.305
477.830
This page d(Ks noi forni part of the siaiuiory financial siaiements
Pao¢ 32

SASRA
DETAILED sTATF.ME￿'T OF FI.NANCIAL ACTIVITIES
for th¢ ve2r ended 31 December 2024
?0?3
Ch8ritable actii'ities
Brou&iht for¥vard
Telephone
Posiage and stationery
Rtni & rates
Computer costs
Heaiin¥p & cleaning
Travel & motor expenses
Oih¢r staff costs
Accommodaiion costs
Conference5 expenses
Relocation c051S
Los5 on sale of tsngible fixed &s5elS
477.830
434.761
4.695
??
138
3i.041
23.188
700
19.966
20.779
7.759
41.984
6.576
8.001
491
15.ii9
16.669
7.475
i4.928
13,060
568.382
Support costs
Management
Salaries and expenses
Social security
Pensions
Other operdring leases
Insurance
Recruitmeni costs
Telephone
Cop>'inD. postage & stationery
Accommodation cosis &. maint
Rent &. sLrvice charges
Compuier e¥pens¢s
Out50urce seryice fees
Professional fees
Trdv¢I &. moior expenses
Other siaff costs
Trdining
Pllblicaiion
Sundries
Freehold property
Fi.Irures and flttinus
Motor vehicles
4?7.691
40,810
390,41 ?
36.107
?6.451
1,049
13,363
194
13.544
5.779
?3.747
40.147
16.0?2
4.336
34.969
9.601
9.887
46.181
4.786
7.497
7.4?5
1.400
l j.j9?
456
691,841
698.289
Goi'crnance costs
Audirors, rcrnunerdiion
Auditors, remuneraiion for non audit WOTk
10.120
?.000
10.61?
Toial resou￿e$ expended
1.)59.988
l.i33.559
Net ineomel(expenditure) btfore gains and
losses
707.959
(68.419)
This page does not fomi part ofthe statutoTr financial statements
Page 33

SASRA
DETAILED ST ATEMEYT OF FI).4￿,clAL ACTIVITIES
for the vear ended 31 Deeember 2024
Re3li5ed recogni5ed gains and losses
Rcalised giains.'11055esI on fixed a￿et investsnen
1,065
Net incomellexpendilure)
743.315
67.i54)
This page does not form part of the Maiulor), financial sthiemenis
Page )4