S.A.S.R.A. AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 S.A.S.ILA. COIYTENTS OF THE FIryANCIAL STATEMENTS for the 'ear ended 31st December 2025 Page Referenee &nd Administrstive Details Report of the Trustees 2 to 10 Report of the IndepeNdent Audltor 11 to 14 StatemeDt of Financial Activitie5 Balttnce Shott 16 Cayh Flow Statemtnt Notes to the Flow Statemetst Notes to the Flnanckal Statements 19 10 11 Detailed Statement of Financial Activities 72 to 14 S.A.S.ILA. REFERENCE AND ADMINISTRATIVE DETAILS for the ear ended 31st December 2025 REGISTERED OFFICE Havelo¢k House Barrack Road ALDLIISILO-I. Ilanipsliiie CIlJl l _INP REGISTERED COMPANY N￿￿lBER -329268 {F.ngland and Wales) REGISTERED CHAIUTY NUNIBER 235708 AUDITOR Shaw Gibbs Aiidil Ltd 264 Bunbury Ruad Oxford OxfoTdshiie 0x2 7DY Page I SA.S.RA REPORT OF THE TRUSTEES for the ear ended 31st December 2025 STRUCTURE. GOVERNALYCE AND MANAGEMENT 'I'h¢ %ASRA'I'tusiees, als(1 beinb Dir¢LII)1s ol- %ASRA lur th¢ putp()s¢s vf the C()mpani¢s ALI 2(X)6, pi¢senl thtii repvri and audiled linanLial slaletnen15 loi lh¢ year ￿ded 3151 D¢L-emb¢i 2025. in accordanLe wilh ih¢ Chaiilie5 SORI, (FRS 1021. sec(Ind edition, ()Llobei 2019. REFERENCE AND ADMINISTRATIVE DETAILS Charity name: 8oldicr%' and Aviators, Scripturc Rcadci% Association18A8RA) Charity Rwl$tr#tlon number: 2.15708 (England and Wales} Cb*rlty regl$tratlon number.. SCO19130 (Scotland) Com￿nY Cb*rity re%istration number: 329268 {Eng18nd and Wales) RL%iStcred Office #nd operational addre8$: lavLII)Lk I Inus¢ Ilarrack R()ad Al.r)F..RSII(IT I lampshirc CilJl l .INP T¢lcphnn¢'. F.mail.. Wcbsitc.. 03000.3013(J2 adminC,sasra.org.uk www.sasra.org.uk Auditor Shaw Gibbs Audit Ltd Wey Cvurt WLst. Union Rvad. F'arnham. (Fug 71.1. Solicitors MoorL Barlow CvnLorJL Htru￿ 165 Church 51 Easl. Woking Sutrcy (iU21611J Brokers RBC BrL'win Dolphin 12 gmithfield Streei ECIA9BD STRUCTURE, GOVERNAf4CE AND MANAGEMENT STRUCTURE 'lkne diagram l)clow shows the governance and management Structure of SASRA. Patron President Emeritus President Chairman Trustees1131 Vice Presidents141 Pag¢ 2 S.A.S.ILA. REPORT OF THE TRUSTEES for the ear ended 31st December 2025 Patron Hi% Majcsty King Charles IJJ Preyident Majvr General (Reid) R J Thojnson CBE Dsn {to .1 l July 20251 Majvr 6ener#l D Reeve MC (from 01 Aubius120251 President Emeritus (Jcncral IhL l.oid Dannatt CJCB cBr. MC DL Vice-Pre8ideDts MajoT CyeDeral (Retd) %ir ljureiice New CB CBF. Major GenLrul D ReLV¢ MC (retired 31 July 2025} BriqadiLr {Retd} W l L DobbJL OBL Li)lonLI (Rcid) L B L Amiitslcad LBE Lady J Fannei Council Memher¥lTru%tee8 Li)1 IRLidl J W l.Lwi% (Lhairnian) Col D F.Ilibi)n (l.aiL' RE) Ci)l {RLidi c R RidLI CBF. Li Col (Reid) J C Allen MB ChB FRCS L( Cul P R G Bidy MBE RIFLES (ieiired 15 OLiobtr 2025) Lt Lul M Claydon IIAML Li Col (Reid) N C L. Daw¢s Irelired 15 Ociober 2025) Li C(Il {Reid} L M SIG Kiike l)hD 1.1 Col W.1 D Well% Rll.'l.l-.% (ielired 15 October 2025) Maj A C Ma%8cy QAILINC Maj (Rctdl P D Shannon MBF. CAMU sqn l.dr D H Heath RAF Sqn Ldr J tireenald {Retd} Mr J H Madden Mr A M Massey (retirtd 15 Octvb¢r 2025) MrSRPryoi Mr J I, M Wooldiidge Exeeutlvo Dlroetor L( Col (Reid) Dr Manin Gliniecki QGM. BTh, Bsc, MA, Msc, DPhil Oxf. GOVERNANCE GuverDiTh¥ DucumLJlty. The and ArtiLles of AssuLiatiun of SASRA weie illLOtpoialvd the 29ih vf Jiille 1937 aiid updaled by 5peLial resoluljon in 202_3, wknLh illLotpoialed Mis5 Dalliell's Soldiers, Huilles {MDSHI. Under tlie Conipanits Aet, tlie Associatioll was incoryorated as a Cojnpaiiy litniiLd by guarantLY and noi having a share capital. 'I'hc Gov¥rning Docuin¥nts s¢1 out the objc¢ts IOT whi¢h th¥ Association is cstablish¢d and Iiow it is io b¢ managcd. Council. The 202? special resolutioD set 8A8RA trnstees. alsi) known as Council members. to be ni) less than R and Do more than 16 personnel. Louncil fully tr8nsiiioned from ihe previous figures of 12 and 24 respectively and by Dw¥inb¥r 21Tr25 Loun¢il numbcT¢d 13. Council ar¢ r¢spi)nsiblc lor th¢ Associaiion's OVCTall gov¢rnanc¥ and lia% scv¢ral sllb-ct>mmittccs. such a% thc Finalicc and %tratcgy 8ub-CoJnmittees, c%tahlishcd to %llppi)n its dccisii)n-making. It) 2025, it establi%hcd a suh-committcc to rcvicw SA8RA'$ 14a%i8 nf 14clief and to dclcnninc its fitncs% far purpn%c in the c(kntcmporary age. The Council Inay dclegatc any of its wwcrs tn committccs con%istit)g of tni%tce%. ablc to call on cxtCTnal cxpcrtisc. Such commIttccs conloTm to all Council-iinposcd rcsulations. Uiile5S Otherw15c dctcrmsncd, three shall bc a quorLitn. Que￿110￿5 aiising at any rneeling ale decided by a rnajoTity of voles in case ol-an equality ol. votes. thc Chaitillan h05 a ¢asting votc. Page 3 S.A.S.ILA. REPORT OF THE TRUSTEES for the ear ended 31st December 2025 Electlon of Counell member<ru51ee5. The Council mav apw)ini a suitable trustee until thc next ordinary general mccting. when hc nr shc will thcn bc cligiblc foT rc-clcction. At thc ordinary gcneral Jnecting. hcld cach ycar. trustccs that hav¢ s¢rvcd for thr¢¢ y¢aTS will r¥t]￿ bui will b¢ ¢ligibl¢ for rc-clwtion. Only mcmbcrs of th¢ Association are eMpow￿ed io vote in such ele¢tions. New trus¢Les at¢end induLtiot) training Loviring iheir roll. risponsibilitiLs, bligativns, d¢t#ild #Llivili¢5 and any issues ol. lh¢ Association. They ar¢ ¢nLx)uraged io all¥nd ihird-pariy trailling. neLessary. Authority to Operate. SASRA and its Sciipttiie Readers ale aiiihorised lo operate by the Ministry of Delence and sponsorcd by it% chaplaillLy branchcs withEn Ilic Anny and RAF. undci a McmoTandiim of Ilndcistanding and Cjcncral Administrativc InstrLicliotl. Tcspcclivcly. 8A8RA is a mcinbcr i)f thc Council of Voluntary Wclfaie Work ICVWWI that cxi%ts an &ssociatii)n of charitablc organisation% pinviding wclfarc scrviccs to thc ATmcd Forcc%. MANAGEMENT ASRA cmploys livi %alaricd and onL non-excLulivc l)irLctt)rs, a¢Lountablc io Council, and rc%ponsiblL lor ILading. andbjing serving the AssuLiatiun, as well as deliveTing ￿15. vision, tnission and siralegiL ubjeclive5. The Council Ineels at least three limes annually in ordinary council Jneellligs, one ol'whJLlI is also t]ie Aiijiual (reneral Meeting. l.,xlrai)rdiiiary CouJiLiI ineetin&% tnay be Lalled a% requirtd.-l-he C(>uneil Jnet three lime% in 2025 to pr()vide governance. givL %tralLgii-Icvel guidanLL and dL¢i8ion%, and dLliver 118 rc8p<)n%ibililic%, in order to su%tain ¢hc A*s()iiation. LoiinLil c(InfirnJLd ihe vision, mi55ii)n and siraiegic (JbjeLlives of the AssoLiaiion, reviewed slrk)l¢¥ic-level risks, conrinued i(?Ilin¥ rL"vi¢w i)r c()unLil-ILv¢l p(IliLi¢b and nvw ￿Le15 LIS r¢visLd ()fcuunLil members. VISION. MISSION. OBJECTIVES AND ACTIVITIES VISION Foi every serving Tnernbei of the Britlsh Atmy and Royal Air Force {RAf) to hear the gospel of Jesu5 Chiist during thcir pcriod i)f service. MISSION To spread the saving knowledge of Lhrisl among ihe serving personnel of the Army and RAF. OBJECTII'ES Consistent wilh SASRA'S chariiable objecis. the Council's strategic objectives are to.. susiain hisiorical legaey and senior PalTonage. hold 10 a d￿(rinallY ollhodox Basis of Faith, share ihe gospel effeclively wilh Service personnel, suppori SeIvi¥¢ CllliSlJalls Jii peisoijal wJlJitS5 ¢vallgelisllL Lonliibute lo Ihe spirilual dnd maleiiul wtrllaitr ol. ServiLt peisonuel, Truw Reader numbeis tu ￿tel reqiiitejnents aeioss tlie Atlliy and RAF. place Readers to achieve maxiniiim Jmpacveffect, bc tinancially viablL and sustainablL. manage rL8nurccs {human, linancial, mat¢riall ¢ff¥ctiv¢ty, and be PraYCr￿1]Y dcpendcnt on Ciod foi blessing_ Page 4 S.A.S.ILA. REPORT OF THE TRUSTEES for the ear ended 31st December 2025 Publlc Beneflt. Olli main activities llndenaken to funher our p￿￿ose5 for the public benefit were-. communicating th¢ gosp¢l of Jcsus Christ to scrving mctnbcrs of thc British Arniy and thc RAF togcther with their dependl￿Ts. assi51ingJ military chaplains. chaplaincy and welfare team5 in the provision of spiritual attd pastoral 5UPP()rt to servinb personnel: proinolinb7 jnleidenoininalional Lhtislian Ivlliiwship, and ihu5 enLoufabSinb Ihe b¥llefit5 of Lotnfflunity," encoiiiagiiig believe15 lo live a Chiisliall Ille in accordanLe wilh Biblical principles, In Submission to the law and in a tnant)cr ihal is loving. caring and compas%ionatL'. and stiengthcning Iclations bctween Inilitary personnel at)d local cornmunities. While our main effort 18 %uppi)rting JITlti8h military peTqI)nnel and tlieii. familie%. we offer OUT minislry to t]itTr%e adjaeent whcte appropriate and TLgaidless ol-rallk 01 class. £it￿liLIa1 slalus, eduealjollal stalldard. ethnicily, mental, llilellectual or pliysical abilitlLS. SLxual and gLJider orJLntations or bLlicl'. ACTIVITIES To dtltver nur vi%ion. Inis%ion and objeclive%. thereby providing piiblie henefil, SASRA tinplny$ 8cripture Rtadtrs, who are VClLYans Iraincd in iheoli)gy and Chri%iian mi4%ion. "I"hLy dcploy to muliiplc military ba%L8, camp% and %iations throii¥ht)Iii ihL IIK und abroad. DLyl()yments are based tsn Seeking mttximum iniernLlii)ns with as many mililttry pLT%()nncl larniliLs Pii%siblL. and in Lunsuliuliun with Liuf iJLiIjiiiry LhdplLiinLy bPUnStirs. Duiit]¥ lh¢ y¢ai. SASRA engaged in ihe following primary aciivilses.. Gts¥pel Mlni$try. Th¢ Lore role of SLripiure Readers is io share the go5￿1 to troops and their f#Jnilies, whiLh we did at Inor¢ Ihan 25 tnililary ¢5lablisl)meii15. Diiiin8 Ihe year, SLiIplii￿ Ileadeis.- piovided spirilual inslniLlivn, wellaie and SUPPOTI; led ()ne-lo-one disLiJ%¥iolls and Bibl¢ 51udies lor bL)Ih Service pets()nnel and Il)¢ir laniilies," PTeaLhed SeTm(Ins and gave 13ible lalks," and engaged in individilal and collective piayei, devoti(>ns and disciple%liip. 'I'ho%e that iesponded positively to thc gn%pcl havc bcen cncollragcd to bccomc active mcmbcrs of SASRA. a commiinity of bclievC￿ and a local cliurch participant. Wellbeing and M'clf#re. Scripiure Readers regcted io all wellbeiiig and welfare interactioiis sensitively and respecifully in 2025, engaging willi miliiary personnel and lamilies of all baLkgrthunds, belief5 and lifestyles, extending pasloral care lo the pafliculai needs and silualions Ihey wiin¢5s¢d. I'hib imwirianl PlilLli¢al ininiblry, building Iru51worthy rtlalionships. eatllll)g resptcl and liiend5hip by patienl, long-tertn engageinenl and signposting ptoplt lo relevant agencies loi liirtl)ei wellaie support coiitiniics to be an iinportanl public benetit. such ensagcnienl and pastoral suppori is impactful and helps soldiLYS and aviators build menial resilienee as etTeclivc members of the Arnied Forces. Te#eblng Tralnlng. Sciipiure Readers assisi wilh leaching and training. such as involvemeni in explaining ihe moral componeni of fighiing power and whai li mean5 to lighi jusily and mllke eihical decisions. Our SLripiure Readers have been very produLlive di51ribiiiing Bibles. bibliLal Iracis and pamphleis 10 asgLSI Service personnel in iheir iillde151allaJllg ot. ubj¢iliv¢ iiioial valu¢s ilie lle¢d tvi a SPllLmal L]iiJieiJsiull ill tlieii liv¢s. Tlity liave iaktll evely opportunity lu explain, defend and Loin]nend the chtisll￿ nits￿8¢ of salvatioll throusih Jv5us Chn"sl thal aligns perleLtly witli iht value5 alld slandatds ol- the UK military. whiLh taLh 501dier and avialoi leams alld llien revises at￿uallY. EventE %A%RA organis¢d S¢VCTal high-prolil¢ cvent8 during thc y¢aT in¢luding.' I I I 'C)llr l)ay', th¢ As%a¢ialion's riagship Cvcllt foi supportcts tn cclcbratc thc ministry.. 121 l.'dinbiirgli Tattoo. whcrc wc support military staff with a canteen mini%try and %cripture Readers, support.. 1.3) several outreach occasians tn expn%e SA%RA to Christian ¢(Fmmunities and people that Inay wish to pray. volunieer and financially support ils mission.. and (4} fundraising and spon%or%hip activiti¢s. As %A%RA 8¢¥ks to grow its serving m¢rnbC￿hJp. a pili)t ¢v¢nt ¢all¢d 'Equip' took pla¢c during thc %uJnmcf. wherc scrvit]g Jncmhcrs and othcr Jnilitary Cliristians attcndcd ali)ng8idc nur Ministy Dirccti)rs and scveTal scrip￿Te Rcadcrs Thc aim was to ct]collragc at)d cqllip attcndccs in living ollt and sharing their faith in the Artncd Forcc%. The evct)t was Success￿]. will bc rcpcatcd in May 2026. and scck growth in attcndajicc. Page 5 S.A.S.ILA. REPORT OF THE TRUSTEES for the ear ended 31st December 2025 ACHIEVEMENTS AND PERFORMANCE As a Christian charity with a ministy to thc Arni¢d Forces our role is to cngagc with as many Scrvi¢¢ personnel and their fainiliLs as posbibli. proilaimiiig thL gospLI. dislipling, providing spiriiual wLllarL, Lmhaiiiing wLllbLiiig and improving m¢nial rtsilienL¢. Depl(iym¥nis last year Siripiurr Readers acL¥55 Iv appn)ximately 60.(K)O S¢rvi¢e per50ttttel #nd their I￿111¢S IL living in Servile b#mily AL¢ummvdaiiott1Sb'A). At initi#l Iraininbj esldblishments suLh s II'L LalleriLk A'I'R WinLI)¢ster, oui SLiipluie K¢aders h￿1ve aLLe55 lo every reLtuil Ilial enl¢is aDd ai< abl¢ lo engage as part ol-Tecniil SPlTiliial neLds and ethical Iraining. AcLess lo m051501die15 15 511nilaT al l)hase 2 iechnical training al place% ￿￿ch a% MOD l.yncham Othei Scriptuic Rcadcrs arc deplnycd at largc niililary cslablishmcnt% whcre thcy havc accc%s lo bctwccn 800 and C)500 Setvicc pcrsonncl. and whcrc thcy inu￿1 priaritise engagcmcnts alongside i)theis wit]iin ihe %pi[i￿al. wcllbcing and wclfarc SLlPPiIrt afforded tn nur Inilitary. In 2025. a￿o￿ld 950/0 of all new recruits that attLnded an initial presentation by oiie ol-oui Scripture Readers accepted a Bjblc or NLW TLStaJnLnl-Ihat is OV￿ 2500 pcrsonnLI. 'fhe followilig wLck. whieli is not compulsory altLndance. approximalLly onL-Ihird rLnirnLd for a %implL ihurLh sc]vicc evLmt miat% and wc a&sist whcre ncccs8ary. Wc shall continllc to supp(>rt thn%c whi) prefcr hard cnpy as much as passiblc but for those that can acccpt digital formats. we scck to providc the be%t po%sible quality service and contcnt. Page 6 S.A.S.ILA. REPORT OF THE TRUSTEES for the ear ended 31st December 2025 R15k Management. The straiegy sub-committee advlses Council on risk managemeni policy and straiegic rcquiTcmcnts. Ai cach of thc tlircc Cnuncil mccting% during 2025, Coujicil meinbcTS rcccivcd an F..xccutivc bTicf i)n th¢ risk profil¢s of oa¢h stratcgi¢ objwiivc. thcir ir¥nding and mitigations whcr¢ appropriatL. SASRA'S I'isks w¢rc. therLfL)rL, managLxd appropriately and in ac¢ordan¢¢ with Ch￿111￿￿ SORP. BLst praitiLL risk managLmLnt methodology was used.. identify. analy5¢ and a55ess, aLt and munilor. SiglliliLani risks. id¥nlifi¢d alld mitlg?#l¥d in 2025 wer¢.. RepvtwtlOD. A LhallenbTe lo SASIiA's tni55iun, vulues and Basi5 of l.aiih Luuld b¢ n¢8alively expluiled by thos¢ wishins liaiin on a laiih-ba5ed organisalion like %ASRA. Ncgalive publicily Lould adve15ely al'lccl our repillalion, rclalioi)ships with and accc%s lo thc ATTny and IL4F. aiid ￿uPpOrtct backing. Risk 1% miligalcd by annual military and Ihird-patiy traiiiing of pcrsoiincl. Icgillai ￿takChn1dci cngagcmcnt with military chaplaincic% aiid authoiitie%. candidate selcction. cul￿ra] awarcnc%s tiaining and %criptuial gllidancc. We also Inaintain our TCPUtatian by bcing tianspaTcnt in our requesLs fi)r proyer and fujidiiig support. PTiJnaTily ihrougli IDdividual supporters, ehur¢he8 and tru8ts - legacies also reccivLQ. We would never seek suppoil froin any ViLh)erable person and reduLe oui risks by nevet liindrai5in8 via tLleplionc or coJitractJng out tiindraisijig. Wc have a rigoroiLS salLguarding policy, rcvicwLd aiid accLPtLd by Coiineil, and our Scriprurc RLadLrs are trained and adhcre lo MOD policies when. in those very isolarLxl cases. they engage wilh under 18-yeais-old reLruils. Basi% of Belief. While %A%RA'% Tlasi% of Dtlief ha% retnained unaliered %inLe inLeption, we liave underlaktn a review t() Ln%urL Ihal il 1% fully ￿ndL￿1￿nd and remain4 lit for i)Urpo￿. in the Li)nlLmpi)rary Culrurc. "I"0 thi% Lnd, a sub-c(¥mmiiiee was fom)ed lo review ihe Basis of Beliel.. which wa5 fiirther sLniiinised ai the SASRA workers. c(InfcrLY]cL in 2025, whLTL' all SASRA Lmpli)yLLs ¥uihcr. SLripiuiL R¥￿dl[5 fullin¥ ii) untJLi%ianJ (11 tJdhLIL l() ()ur B(IbLS of Belief could underniine ihe Associaiion's work and suppori. Risk is reduced by good iniernal leaching praciices and opennes5 10 debaiing sensilive issues. IL4F Scripture Reader5. Since 2022, when there was only one Reader deployed with the RAF, p05ilive en¥a8emenl with RAF LhaplainLy has iesiiltvd in ihe reLniilm¢nl ol. seveixl addili(Inal Readeis 1()T ihe RAF 50 Ihal Ih¢r< are n(Iw loui %crving al ljii7.e Noilon, Wllleiiiig, Ilen50n ai)d (Idiliatn we also employ an RAF veteraii in an ATMY post, such has bccn thc grow1h. Serving Memberqhip. 8A8RA %erving MelnheT￿partne[$ are %erYing military per%onnel. including reservi.%ts. who ore distiiiguislied froin other supporters because of their unique opportuniry to share iheir faith with colleagues and live out Iheir faith on aLlive service. Meinbeiship griiwih slumbled in reLenl ye#rs lollowing the loss of the membership s¢crelary. Low in¥mb¥rship IS LL)nsid¢r¢d a biralebTiL-l¢vel risk Iv SASRA'b sust#inm¢ni and in 2025 we besjan a can)paign to grow serving ineinbership Ilirough i)¢w initiative5 e.g. 'Lquip' alld seeking lo ieLruil a patitiille secretary {which we did in January 2026). As of 31 Deceinbei 2025, we had 19 serving tnembers and 8rowing. Fundralslng #nd sustalnlng In 2025. SASRA income had remained relaiively 8taiie in the five years up to and inLliidin¥T ?02.1, so deLieasin¥i in real ternis due io inllation. A tundraising campaign was iniliaied in 2024 10 False an exira £200K io fund four more Scripiure Rellders. The #mouni was surpassed. achieved by (he successful culiurnl realignmeni ol'our siall. to considering fundraising as a minisiry. equal in importance 10 oiher minisiries such as prayer. woisliip eli. How¢vti. Itvel vt. iJii1¢11se io (uiid Ili¢ obje¥lJv¢ 10 8iow Siiiptuie Readtis ll¢ril¢a iv be susiaiiied i 2025. ID 2025, while the inLume was 1tr55 than 2024 wheD we had d Ldtnpdibn Iu bTlUW fund5, il was hibThtrr than pieLeding years and sulLicient to Susta￿ oiir illLiea5e in SLrip1￿e Readeis. We beLame mort agile ill 2025, addp1￿￿j out ciilture and rttraining our stsl'f ill modem Iillldraisiiig protocols and techlliquLS, neetssary lo achitvc the Council's vision. rni8%ion and objLclivcs. Uur dLYjSjOt)s wcJ'¥ made prayerfully. analyiically, diligently, rctlLclivcly, disccrnibly and bihliLally. 'I'hc up%hi)t h28 h¢¢n tliat w¢ now havl morc salaried %criptur¢ R¢3dL￿ than in Ihc last C)5 yvars. thcrefoic able to irnpact Inore Amicd Forces pcrsonncl with spiritual rcsilience and mental strcngth. Page 7 S.A.S.ILA. REPORT OF THE TRUSTEES for the ear ended 31st December 2025 PLANS FOR FUTURE PERIODS S¢riptur¢ R¢ad¢r Growth. Th¢ Character of ¢haplain¢y and military lifc is changing. Anny and RAF chaplainci¢s now see an in¢reasi in muliifaiih chaplains and the addition of Non-R¢ligious Pasloi31 OlliLers INRPOs1. SASRA will Lunlinut l(1 adapi tv ¢h¢ Lhan¥¥s and su51ain the uni(iu¢ r¢l#lion511ip that il ha5 wilh military chaplains and military weif#re serviceb wiihvui Lumprujnisillbj its ObjeLls #nd B#5is ol. Faith. SASRA'S slrate¥iL plan Ltsniinues lu be lo s)ruw Ihe nutnbe15 01'SLriplur¢ Ileaders lo tn¢¢l ihe a55ess¢d ne¢d lo aLhieve oiii vision and tni55iun p055ibly Liimp¢llsale lor the rediiclioii it] Clirislian witness Irom mililary chaplaiTrLy. One new Sciipluie Readcr is conliimed as 51ailing in Ihc ￿￿mInC[ and our 2026 Su%tain Plat] sccks lo mect thi% %u8lained growth. following OUT succcsslul 2025 Tran.%ilion and %u%tain Plan. Council at)d prcsIdcnt￿. mcmbcts and suppnrtcr% ale bcing cncoiiiagcd to scc ￿ndIa]sIng as an cs%ciitial part of this c8%ential mini%try to Inilttary pcrsollncl. Rccrllitmcnt will scck to balat)cc mnic bcncficially the split of Amiy and RAF scripture Reader%. full and parttime. paid and unpaid. We shall continue %eeking opportunities lo liave Sciiplute Readers deployed oveiseas. SASRA larye-leale mobili*#tion plan for major conflict. A% Ihc M()l) makes contingcnLy plan% for maji)r Lonllict. seeking lo en5uie iapid LTrowth in Loinbi2(dnls Should the need arise, SASRA 15 also revi¢iviIib huw il Lould suppun the Army and RAF by a siiiiilar rapid growth in SLripture Readers. A Readu's rew)rt has been brieled and is now beiiig developed by the l..xtclltive for consultation with the Louncil. Strving Membership. A5 desLri￿d above, low membership of serving personnel is considered a slraiegic-level risk to SASRA'% .%usitllnTnLY]i. Thr()u¥h iiur updaiL'd TnC￿￿L1Sh1p r(11 sLTvin¥ miliiary pLrs(InnLI, a paiiiiinL SL'rving Members Secreiary and exploiiaiion ol. digiral communicaiions. we shall Lonrinue 10 gaiher new serving members. PTinLipally ihose ihai OUT SLtipmre R¢ade15 havtr dev¢lvp¢d eleaT relalion5hips wiih. As our newesl niembeTS depail Ir#inins7 urbTani5#lions and unils, we Shall maintain Lvntaci #nd suppori dibLipleship tsl. Ihem, ihai they Lan srvw in laiili and spread ihe y05pel - Ih¢ii PFayeFS and hopelully linanLial SIIPPOTI will lullow. Wv have sel 01115elves a lai8el lo have al ls¢d for T¢-appoiniment ai ihe fortheoming Annllal G¢n¢r41 Meeting. Approved by order of Ihc board of tru51e¢s on ........ ..... .-.... and Signed on its behalf by-. Col J Il, Lewis- Trusl¢e Page 10 REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES AND MEMBERS OF S.A.S.R.A. Opinion We have audited the flnancial statements of S.A.S.R.A. lthe 'charilahle company'l for the year ended -1 1st l)ecember 2045 which c(Impri%e the %thtement of l.inaJJLial Acttvitie%. the Ilal&ncL 4hLet. the La%h l.'l(>W %tatemLnt and nntcs tn th¢ tinancial *tat￿m¢nt￿, including a 8urnmafj' nl- significant ac¢nunting ]x)Iici¥8. 'I'h¢ financial rvi)OTiing framework thar ha% bLcn applied in their preparation 1% applicable law and lJniicd Kingdom Accouniing Srandards (Uniied Kingdom Generally Accepied Accouniing Praeiice). In our opinii)n the finaE]¢ial st8tements'. give # true #nd fair view ()i- the slate of the charl￿b]e ci)Inp#ny's arrairy as a¢ .I15t Deleinber 2025 anLI of lis inc(Iming It5()uic¢s and applLLalion (Il'ies()UILeS, inLludin¥ ils inLoine and ¢xp¢ndituie, li)[ th¥ yeai th￿ tndvd; have been propeily PTepaTed Iii accordaiice with Ilniled Kingdoin liei)erally Accepted Accounlin8 1'Taclice; and have been piepaied in accordance wjih ihe reqiiiTenienis ot- die Coinpaiiie5 Aci 2006. Ihe Chariiie5 and Trusiee Investmeiit {%cotland) Act 2005 and Rcgiilation 8 of the Chaiitie5 Account5 (Scotlandl Regulation8 21106. B8518 for npinion We LoiiduLled i>ur audit in ac¢ordance with International Standards (m Auditing {UK) {LSAs {UK)} and appliLable law. Our r¢sponsibililit5 under ihose standards ar¥ fiiriher desLrib¥d in ihe Auditiir respunsibililie5 for ihe audit vf the linancial statcincnts scction of OUT rcpi)rt. Wc arc indcpcndent of thc charitablc cnmpany in accordancc with the e(hiLdl Itquiiemtnls Ihdl dre ielevdnl to OiJT audil ol- the Iina5]Lial slaletnenls in Ihe UK, I]ILluding Ihe bKC's EthJLal %tsndaid, alld we have lullilled our other ethical respon4ibilities iii accordance wilh t]iese requiiemenls. We believe tlial the audit evidence we have obtained is %utlicient alid appropriate lo prTrvide a ba%is for i)ur opijiion. Contlusions r¢lgtitb% to ¢oneern In audiiing rhe Iinancial %18rLmicni%, we have concludLd that the trusiees. use ot the going concern basis of accouniing in the preparaiion ot ihe tinancial staiemenrs is appropriaie. Based oll the woik we have peifunned, we have nul idenlilitd any ]llatttial unLerldinUes ielalit)b to evtnls 01 Londilions that, individually or colleLlively, illay cdsl significant doubi on ihe chaiitdble Lumpuny's ability lo continue as a ¥oin8 concern for a pcriod ol-at ILast twelvL n)Otiihs fron) whLMi IIIL linajicial slatLincnts arL authorisL'd for issuL_ Our respOn￿lb1]it1es and the responsibilities of the ttustees Wlth respect to going concern are described in the relevant secrion% of tliis repon. Oth¢r information The trusiLLs are risponsiblL for ihe oihLY infonnatiL)n. The othLr inforniation ¥ompris¥s ihL inlorniation inLluded in the Ar￿Ual R¢pori, oih¢r than lh¢ ImanLial st#t¥ments #nd our Rwvri ofih¢ Independeni Auth'tiir therwn. Oui vpinion on lh¢ linancial slaleinen15 does nol LOV¢[ die oihei infonnalioD and, exLept lo ihe exlenl oiherwise explicitly slaled in our iepotl, we do not express ai]y IoTin oFa5suiance conclusion Ilieieon. In connection with oui audit of Ihc financial slatctnenls. oiii Icsponslbility is to rcad the oihci information and. in doing SO. Lonsidcr whether the other inlomiarion ]% maiLrially inconsisieni wilh Ihe IinanLial slaiLmLnl% or our knowledge obL4inLd irt (he audit or olhlnvise appears io be maiiriully mi*sratLd. If wc idLniity %uch maiLrial its¢on8i&i¢n¢ics or apparent mk)Icrial missiaiemLnis. we are requirLd io dLiemine whLihLr ihis gives risL lo a maierial misstsicmLni in the li￿nCI#l slatemenls thtmselvvs. If, based iht work we have ptitotrned, we LonLlude that therL is a maleiial isslatement of ihi5 Other inlorniation, we ate required (o Iq)ort thai fact. We have nothing to report in this regard. Opinion8 on other matters prescribed by the Companies Act 2006 In oiir npinii)n, based i)n the work undertaken ill the Lourse i)r the audit.. the inlomati()n given in ihL KLport of ihL 'I"ru%ice% for Ihc financial year for which the financial %latements are prLpared ib consisteni wilh the linanLial siaiemen15; and the R¢purt ()fihe T￿51¢¢5 has b¢¢n prep￿[<￿ in acLurdanLv wilh uppliLabl¢ l¢¥al requirc￿eT11¥. Pagell REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES AND MEMBERS OF S.A.S.R.A. Matters on wbich we are required to report bv exception In thL light ol- IhL kn()wILdgL attd iindLY%tandin8 1)r IhL ehtsritable c()mpany and iL% environment obtained it) the course of thc audit, wc havc not idLntifi¢d material mi8%taicmLnts in ih¥ Kcport ot the .1 ru8tccs. We have nothing ro repori in respect of the following matters where the Companies Aci 2(M)6 and ihe Chariiies Accounis {Seoiland) Regulaiion5 20[￿ las amended) requiieg u5 10 repon io you if, in opinion". adequate and Proper a¢¢ouniing reeord% liave noi been kepi or retuims adequate for our audit have not been received fri)m br#nLhe5 noi visited by us; or the linanLial slalem¢Trls ai¥ n(Il in a¥ie¢mtni with ihe acLvunling records alld Felums, or ceTlain disclosuies ol-Iru%lees' remiiiieialion Specified by law ale not made, 01 we have noi ieceived all Ihe ii)fotmaiion and explanaiions we requjie foi OUT aiidii" or the trustees weie not entitled to take advantage nf the small companie% exemption from the requirement to prepare a Strategic Report or in preparit)g the Retx)rt of the Trustees_ Responsibilitie$ of iru$lees As explaintd inure fiilly in lh¢ Sialemeni vfTnislLes' Respunsibililies, the Inisiees are responsibl¢ foi lh< preparation of thc finaiicial stateincnts aiid toi bciiig satistied that tlicy gtvc a truc and laii vicw, aiid Ini sucli Intcrnal cnntrol as the iru51¢ts dtrlermine Js neLesSdry lo tndble the piepatalion ot. tindneial 5121tmeniS tha( are free from maieiiai Inisslatemeiil, whet]ier due lo Iraud or ettor. In prLI)aring thc tinancial statLmcnL%, thL tni%tCC8 arc rL%pon8ibl¢ lor a$8e8%ing thu charitablc coinpany'% ability to ¢ot)tsnu¢ os a 80¢n8 ¢on¢¢m. dis¢l(>gill8. 4)s appli¢gble, matt¢r% r¢lai¢d t() golll8 ¢()n¢¢rn and using th¥ soins con¢¢rn basis ol- a¢¢ounting iinlc.%s the tru%rces either inicnd io liquidate the chariiablc company or to cease opLrations, or have no realistic aliernative bui io do so. Page 12 REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES AND MEMBERS OF S.A.S.R.A. Our responsibilitieq for the audit of tbe finantial statements ()ur objL*'lIVL% tsfL to i)Iitain rLa8on&blL a%%iifancL ab()iit whLther (he financial gtatement% a whole &re tree fram matvrial misststcmvnt, wh¢th¢r duL l() Iraud nr ¢rr(>r, and ti) i4%u¢ a Rvpnrt ol. thc Ind¢p¢ndcnt Auditor that includcs nur opinion. RcasonablL a8siirance 1% a high ICVLI of a%surancc. bui is nor a giiarantce ihat an audii conductLd in accordance wilh ISAS (UK) will always deiecr a Inaierial missraieinent when li exisis. Missraiemenrs can arise from fraud or error and are Longidered maierial it., individually 01 in ihe aggregaie, (hey could reasonably be expecied io iiitluen¢e the economic de¢isioiis of users taken on the basis ofthese finan¢ial_statement8. 'llJ¢ exienl tv which our proLeduics ai¢ capablc ofdel¢Ltin8 i￿￿8￿1a[]Ilg&, including fraud i5 detailed belvw-. Our apptoach ro ideniifying and a5ses5ing ihe risk5 ofinaierial tnis51aialleni in iespeci of itre8ulaiiiies. Including fraud and non-compliance with laws and rcgulations. was as follows". the eng9gement partner ensured that the engggement team eolle¢tively hgd the gppropriate competence, capabilities and skills to identify or recognise noll-Lomplian¢e with applivable laws and regulations: we identilied ihe laws and r¢s7ulalivns applicable lo the Lompany Ihrou¥h dis¢u55i0ns with directors and other managcnicnL and trnm i)ur ci)mmcrcial knftwlcdgc and expcricncc ol'tlic scctnr. we loLused un 5PtLII'IL Idws and iegjuldtions whiLh we Lunsideied l)dve a diieLi material ttleLI on Ihe findnLiai staleinejils ilie operalions ol. Ihe coinpany, including Company law, the Cliaiities Act 2011, data pioleclion, etnployment. and environmental and health and saltty legi%12tion' w¢ 0%*¢￿*¢a the extet)t of ¢omplian¢e with the lsbws and re8ulationg identifted above through m4)kin8 enquiries of managcmLnl and in8pceiing legal correspondLncc; and ideniafied laws and rL'gularions were commiiniLaied wi(hin Ihe audii team regularly and the ieam remained alen to inslanLes uf nun-LO]JipIiiiIiLe IhroubFh￿( the audil. We assessed the SU5Leplibility ol. the cotnpauy's financial staternellts to ￿￿te[la1 Eni5slaleilltlll, including obiailling aD uiidLrsta]idiiig ol-liow Iraud iniglil occur. by.. aking enqiiirie% of inanagemellt as to where they considered there was susceptibility to fralld, theii knowledge of actual. siispccrcd aiid allcgcd fraud". aiid ¢onsidcring ihe illt¢rnal controls in plac¢ to Initigate risks of fraud and non-compliance with1ow% and r¢gulations. To address the risk of fraud through management bias and override of controls, we.. perlormed analyiiLal procedures to idenufy any unusual or uneX￿lled relaliollships: le51ed joutnal enliie5 10 id¢nlify unusual IT￿7￿5aLlion￿". a5ses5ed wliciher Judgeinenls and a5suinplioiis made in deletmining the accounlin8 e51imale5 were indicative of potenlial bia%- alld I￿V￿lISatcd thc iationalc behiiid 5igiiificant 01 Ullllsual trallsactions. cnsure rhai cxpLndirurL' on ihe lea%Lhold improvemLmis i* in agrcement with third party documentation. and specifically wilh the maitj eontractors 88rced i¥mder documlniation and fjnal a¢¢outst report. In reswnst ILI the Ti5k ol. itregularitie5 and non-eompliaIiLe wilh law5 and iegulaliolls, we de5igDed proLeduies whiLh included, bul weie Dot limiied to". agreeing linancial stalement disclosiires to underlyiiig supporiiiig documentation.. enqiiij'ing of Inanagemtnl as to actual and p(>leniial litigalion and claiin%,' and reviuwing ¢orrL%PI)ndLmcL wilh rLlevant rLgulai()r% inLluding Ihc I ILalih and %alety Auihority. and Ikgal advisors. ThLfL iirL' inhLTL'nt limiluli()n% I￿ ()ur aiidil pr(￿LdU[l￿ dLWTihLd ab()vL. ThL m(irc Icm(?vLd Ihul luw% and rLgulaliiin% are fn)m tinan¢ial Iran%aciions. the IL%$ likely it ]% thai wc would bccnmc aware ()f non-compliancc. Auditing %iandard% also limit (hc audit procediiies iequircd to idLnlify non-compliance with laws aiid rcgiilalions to enquiry of the director5 and othLr illanagctncnl and ihc inspeclioii of Icgillalory and Icsal cottespondence, il-any. Malerial niisslalem¢nl5 Ihal 4iTiSe due 10 Iraud Lan be harder to delecl than those that arise Irom ertoi as they Involve deliberate concealtnei]l 01 collii%ion. Page 13 REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES AND MEMBERS OF S.A.S.R.A. A further descripiion of our responsibiliiies for the audit of Ihe finanLi#l sla¢emet)Is is loca￿d on the Finanlial Repc)rting CounLiI'% websilt al wivw.IrL.org uklaudit()rsre%ponsibilitie%. I'1ii% desLripiii)n li)nns pari ofour Repori ol- the Indepettdent Auditor. Uge of our report 'llJis report is inade solely io rhe charitable Lompany's members, as a body, in accordance wirh Chapter 3 ot Pan 16 of the Companies Act 2006. and 10 the chariiable coinpany's (Tusiees, as a Lx)dy. in acLoTdanLe with Regulaiion 10 ol. the Charities ALcouiitq (S¢otland} Regulati0118 2006. ()UT audit work been undertakeii %0 that we might stale to the charitable Lomp#iiy's members and Ilie tyusiees di()be m#tlers we are required io sthie ¢0 ihein in #n #udili)r's rep()rt #nd lor nii (Iiher PUTP()5e. 'I'(I the lulle51 exl¢nl petniiiid by laiv, we d() n()1 ilLLtpl ()[ a55UiJL¥ ieswinsibilily l(? any(Ine (Iiher than the chaiilable conipany ai)d the chaTltable cotnpany's tneinbets a5 a body, toi OILI audit work, for ihi5 ieport, or lor the opinioiis we Iiave fonned. Andrew HvdbT¢lls IS¥nior Siiilutury Audilorl lor and i)n bchalt nl-8haw Cribb% Audit l.ld Eligible Iv aLt as an auditor in lenns 01- SeL'iion 1212 ofihe Lompanjes ALI 2UU6 264 llanbury Road ()xtord ()xtord%hirc OX2 7DY Date.. 21..May2Q2$...................... Page 14 S.A.S.ILA. STATEMENT OF FINANCIAL ACTIVITIES NCORPORATING AN INCOME AYD EXPENDITURE ACCOUN for the 'ear ended 31st December 2025 2025 Total funds 2024 Total funds Unrestricted Restricted Endowment funds funds funds Notes INCONIE AND ENDOWMENTS FROM Donations and le8acie5 1.439,971 1.4.19,971 1.915,445 Othei trading activities Invcstsncnt incotnc C)3,481 142.717 18.791 161.508 112.591 Total .646,171 18.791 1.664,962 2.067,947 EXPENDITURE ON Rai%ing liind5 91,676 95,914 54,757 Charitablc 4¢¢iTri¢ies SLripluie Redders- LOlltaLt with Military Personnel .459,692 7,534 1,467,226 1,705,231 Total 1.551.368 11.772 1.561,140 1.159,988 Net 8ainslllosses) on investments IC)4.8(11 6,IC)71 158,4_34 64,200 NET INCONIE Transfers between fund5 Other recogni$ed ga1ns1llo$A￿) Gains on r¥valuation of fixcd asscts Actuarial gains L)n defjned benelil sLheiiies 259,604 2.IC)3.087 652 (2,163,087) 260,256 772,159 18 631.509 75.887 707.396 45.000 N¢t m&v¢ment in fund$ 3.054.200 (2.086,5481 907,652 817,159 RECONCILIATION OF FU.N'DS 'I'olal lunds biou8hi lotward 3.712,962 2.577.098 5.890,060 5.072,901 TOTAL FUNDS CARRIED FORWARD (1,IC)7,1 (12 4C)l},5Sn (),1157,712 Thc notes forni part of thcse financial Statements Page 15 BALANCE SHF.F.T 31st December 2025 2025 Total funds 2024 Total funds Unresiricied Restricted Endowment funds runds funds Notes FIXED ASSETS Tangible assets Investments .3.648.145 1.678.992 404.387 4.052.532 1.678.992 J,362,617 .526.122 5.327.137 404.387 5.731,524 4.888,739 CURRENT ASSETS Sioeks Debiors Cash at bank and in hand 14 27.444 211,634 813.8?6 278.692 817.275 278.692 90_1.438 86.163 1.095,967 86.16.7 1.182.130 1.052,904 CREDITORS A Thounts fallin8 due wiihin one year 16 155.9421 155,9421 151.5831 IET CURREf*T ASSETS 1.040.025 86.163 1.1?6.188 1,001,321 TOTAL ASSETS LESS CURREYT LIABILITIES 6.367.162 490.550 6,857.712 5.890.060 NET ASSETS 6,367.162 490.550 6.857.712 5.890,060 LinrestTi¢ied funds= General fund De5ignal¢d Fund- Prop¢rtie5 De5ignaied Fund- Ini'e51Tnertts Designated Fund- Thc ￿, H Dawson Trust 884.??5 1,708,798 1.86?.403 1.911.736 911.5?7 1.485,948 914,487 6,367,162 3.312.96? Endowment funds 490.550 2.577.098 TOTAL FUNDS 6.857,712 5.890.060 These fin&n¢ial statemen15 hav¢ been prepaTed In arcordance iviih ihe provisions applicable (o ch8rilable companies subj￿[ to the srnall ¢ompanics regime. Th¢ financial siaiements wer¢ approved by Ihe Board ol Trustees and authorised for issue on go.l.oF.1.2Q..l&........... and were signed on its behaifby.. J W Lewis- TnJsi¢e The noies forni pan of Iliese financial Slalements Page 16 S.A.S.ILA. CASH FLOW STATEMENT for the ear ended 31st December 2025 2025 2024 Ca$h flows from operating activities C#sh g¥n¢raled frvm op£200 ¢ach. Dcpreciation is provided at the folli)wing ant)ual rale% ID ordcr to write i)ff each asset over its estimated llscful Ihfc_ riiinitiiie & I quipment Motor Vcliiclcs I￿10 lo l_l _IIO/D on cost 2(P/o on cost Page 19 ¢onUnued... S.A.S.ILA. NOTES TO THE FINANCIAL ST ATEMENTS - Continued for the ear ended 31st December 2025 ACCOUNTING POLICIES- contlnued Tangible fix¢d 4$8ets Freehold properties Fr¥¥liold propcriies ¢ompri5e residential and llon-residential properties. All Ireehold properties are initially reLosTnised at Los1. Residenti#l properiies #re subsequently measured ai fair value and are ttoi depreLiaied. Valuations are catried out by ihe trii5tee5 annually, or when thete is an indication thai the catrying valiie may diffct inalcTially froin fair valuc. Non-rcsidcntial propcrtics aic subsequcnily measured at cost Ic%s accurnulalcd depreciation and impaitment. St(Jcks Siocks are valued at the lower of eost and llet realisable value, after Making due allowance foi ob501ele and slow moving items. TaxatjOD Tlie Lharity is exempt from corporation tax on ils charitable activities. Fund accountin% UnrestriLied funds can be used in accordance wilh ihe charitable objectives at the discreiitsn of the irusiees. Designations are made ai the discreiion of the irusrees to refleci intended use of resources and may be aliered or removed by the irugiee5 as CiTcumsiances Change. Reslricled lund5 can ollly be used lor patliLulat r¢slriLled piitpose5 within Ihe objec15 01. Ihe charily. Restriction5 arise when 5peLili¢d by lh¢ donor or when funds. are raised for partlLular restricl¢d putpose5. Tlic charity has prcviollsly had fivc non-cxpcndable cndowmcnl ￿nds. Thcsc were capital gifts comprising i)f propertics hcld foi thc spccific llse of housing Scriptllre Rcaders. and Trnstec 8tatu8 JnYe%tments. Income generated i)n the investment% is treated a% unre%tTlCted. DuTing the year the endowment restrictii)n relating ti) two of the funds was lifted. urther explanaiitsn of the naiure and purpose ol'eaLh fund is includd in the noles to th< finanLial sialtmenis. Hire purchase and leasing commitment5 Ilcntal4 paid linder opcraring ILasc% are charged 10 the Statement of Financial Aciivities on a siraight line basis over ihe period of ihe lease. PLinJlon ¢osts #nd other po%t-retlrcmL&lIt bontflty Th¢ charitsble Loinpany operaies a delined Loniribuiion pension scheme. Contributions payable in the year are cliarba¢d llj ili¢ Siuieiii¢iJi of Fillaii¥ial Aitivities ill die p¢iJva iu wlijili iliey Jtlait. Fuiiliriiiivit, ill dje pas1, tl)¢ Lhatilable LOItipaIiy a150 made Luntrlbuliuns lu a delineis benelil 5Lheme up iu .1151 Decembei 2005. More Inlorn)atJoll on this is piovidtd ilndei the rtlevanl ])ute lo the dCLoiinl5. Investments 'I'hL l1lVL%tincnts aT¢ qUOt¢d inv¢%tmcnts and stated at mid-markct valu¢ ot th¢ b31anc¢ shcct date. %urpluqes and dcficits an Icvaliiation tjf thc portfolio at the cnd af thc ycai arc reflcctcd in the accounts in thc statcmcnt of Financial Activities separately between realised and unrealised gains. Page 20 ¢onUnued... S.A.S.ILA. NOTES TO THE FINANCIAL ST ATEMENTS - Continued for the ear ended 31st December 2025 DONATIONS AND LEGACIES 2025 2024 DL)nations Gill uid Les)#Lies IntanbTibl¢ incO￿t Funds'l-ransletred from MDSII 991.407 63.726 131.499 ,050.993 53.889 585.356 190,279 419.971 1915.445 OTHER TRADING ACTIVITIES 2025 2024 61.481 INVESTMENT INCOME 2025 2024 Renls ieLeiv%ts 'I'raining Publication Sundries Depreciaiion of tangible and heriiage assets 437,0.11 427,091 40.810 27,087 882 15,715 601 2,598 8.212 42.116 18.105 2,867 40.147 5,106 18,891 9,44 1,215 8,574 14,812 6,1.3.1 17,482 5,228 14,561 9,601 ,652 11,641 705.517 691.841 Govern¥Dce cost8 2025 Scripture Rcadcrs - contact with Military Pcrsonnel 2024 Total activitics Aiiditors, reinuneratio Aiiditors, reinuiieraliot) lor non audit work 28.260 2.000 10.120 2.000 Page 22 ¢onUnued... S.A.S.ILA. NOTES TO THE FINANCIAL ST ATEMENTS - Continued for the ear ended 31st December 2025 NET JNCOMEI(EXPENDITUREI N¢t it]comcl(cxpenditurc) is stat¢d after ¢hargingllcrcditingl'. 2025 2024 Audi101s' r¢mun¢raliun Aiidit()15' remuneialion lor non audit work Dcprccialion - owncd as%ets Other operating Icases 28,26 2,000 17.481 12.147 10,120 2,000 12.268 12.-105 TRUSTEES, REMUNEIL4TION AND BENEFITS There were no trngtees, remuneration or other benelils lor ihe year ended 3 Isi Deeen)ber 2025 nor lor ihe ytrdr elided I Isl December 2024. Trustee4 expenqes There were no truslees. expenses paid for the year ended 31st Deceinber 2025 nor for the year ended 31st December 2024. io. STAFF COSTS 2025 2024 WagLs and salaiies Social sccurity costs Other pension L0515 910.244 96.179 72,969 824,215 75.712 7.1,021 .079.392 972.948 Tlie average tnonthly nuinber ol. etnployee5 duiing the year wa5 as lollows". 2025 2024 13 16 HQ Staff SLiipliirtr Re￿￿¢￿5 R¢giollal Manageis 17 -io Th¢ numb¢T af employ¢¢8 whoq¢ employ¢e b¢n¢fits l¢x¢lllding ¢mpl(Try¢r ￿n8)nn ¢osts} ¢xc¢¢d¢d £60,OOQ w38.. 2025 2024 £60.001 £70.000 The #verage number ol'volun￿r5 were 98 ihis year12024". 91). The iru&l¢e% have ¢i¥iiiidered ihgl the key manageinen¢ pers()Iin¢l v()Inpri%e of the tsu4lees. the bxeLutive DiYeLlTrr. ilie FingnLe t)iTevtor. the Mini%try J)ireLtor. the FaLilitie% Dire¢t(Ir and the Operati0118 Direeior. The total compensation paid and payable of t]ie key manageinent personnel during the fJnat)cial year w28 £238.202 {2024: £229.5.131 Page 23 ¢onUnued... S.A.S.ILA. NOTES TO THE FINANCIAL ST ATEMENTS - Continued for the ear ended 31st December 2025 COMPARATIVES FOR THE STATEMENT OF THE F1Tr4ANCIAL ACTIVITIES- 2024 YEAR END Unrcslri¢tcd R¢strict¢d Endowment funds funds funds Total funds INCOME AND ENDOWMENTS FROM Donatioiis and legaeies 1,915.445 1,915,445 Other irading aciivilies Inves(meni itiLome 19,911 109,408 19.911 132,591 Total 2,044,764 2.067,947 EXPENDITURE ON Raisin8 funds 50.683 4,074 54,757 Charitable actii'ities SLI'iplui'e Rtdders coiilact with Military Ptt%()nnel 1297 697 1.305 211 Total 1.348 380 11,608 1359,988 Net 8ain5 on investments 46,699 17,501 64,200 IYET INCOME 743,08.3 489.8?9 29,076 {489,829 J 772,159 Tr4n$for$ fund Othtr re¢vRnlsed %#lns1(1tsg$oy) ALluatidl gains dLlinLd benelit sLhemes 45,000 45,000 N¢1 mov¢mcllt ill funds 1,277.912 (460,753) 817,159 RECONCILIATION OF FUNDS 'I'iilal lund% bi(Illbhi fi)rward 2.0.35.050 3.0.37,851 5.072,901 TOTAL FUNDS CARRIED FORWARD 3,-312.962 2,577,098 5.890.060 Page 24 ¢onUnued... S.A.S.ILA. NOTES TO THE FINANCIAL ST ATEMENTS - Continued for the ear ended 31st December 2025 12. TANGIBLE FIXED ASSETS Frcehold properly Furniturc & Equipment Motor vehicles Totals COST OR VALUATION Ai I sl January 2025 Revaluations 3,167,416 707,196 175.557 16,000 3.514,973 707.-196 At_3 l %t Deccmbcr 2025 4.070.812 135.557 16.000 4.222.-169 DEPRECIATION Ai I st Jllnullry 2025 Charge for year 105,542 6,584 152,356 17,481 7,497 3,400 Ai 11 st December 2025 49,878 112,126 169,8.17 NET BOOK VALUE Ai.31 st l)ccember 2025 4,020,934 8,167 4.052,532 Ai 1151 De¢ember 2024 io.oi ! IC)2.r)17 Cost or valuation at Ilsr December 2025 is represenied by.. Frcchold Furniturc propcrty & Equipmcnt Motor vchiclcs Totals Valuation in 2n1 () Valuation ill 2025 Cost 707.-19C) 2.173.400 707.-196 2.124.957 1_35.557 16.(100 4.070.812 1.15.557 16.000 4,222,-169 Fieehold propetiie5 COItIPT15e a llon-ie5idenlial property wilh a catrying value of £65,794, iesidenlial propetlies wilh a total catrying valuc of £1.909.000. and a property with a carrytn8 value of £23,057, which is lied lo a leasehold a￿angC[nenI cxpiring in Novcmbct 2028. Tlic valuatloll of Ihc property subject lo Ihc leasehold is bascd on c%titna(cd futtiie ieiital income, as the property docs not havc a maikct valuc. Thi% propcrty is deprcciatcd ovcr (he Icinaining tctm of thc Icase. Alsi) included within residential properties is a property beneficially owned by the charity, for which legal title is held by the W H Dawsoii Trust. -I'he b#lanLe ol- £23,084 relates tv Lapiial improvemenls io Ihe freehvld prvpeni¢s. All freehuld properiies are held f()r dir¢ct ¢haritahl¢ purpoYs. Page 25 ¢onUnued... S.A.S.ILA. NOTES TO THE FINANCIAL ST ATEMENTS - Continued for the ear ended 31st December 2025 13. FIXED ASSET INVESTMENTS 2025 2024 Shails Oth¢r 1,604.96.3 74,029 ,495.719 .678.992 1.526.122 Additional inforn]ation follows- Listed invcslmentS MARKET VALUE A( I sl January 2025 Addiiion8 Dispo%al8 Revaluaiions 1.495,779 2.277,(12() (2.245,C)601 77,258 At_l l %t December 2025 1.604.963 NET BOOK VALUE Ai 3151 DeLembei 2025 1,604.963 Ai 3151 DeLember 2024 14C)5,739 The hisloiical Losi lor the above Fixed As5ei Investmenls is £1,475,472 {2024". £1.211,261). There were no iDvestmenl assets Outside the UK. No investment exceeded 5Vo of the inarket value of the porifolio. Co8t or valuation at Ilst l)c¢cmbcr 21)25 is reprc%¢ntcd by.. Listed investments Valuation in 2025 1604,96.1 Invegtmenis (neiiher lisied nor unlisted) were as follows.. 2025 2024 Cash held for inve5ltnenl 74.029 Page 26 ¢onUnued... S.A.S.ILA. NOTES TO THE FINANCIAL ST ATEMENTS - Continued for the ear ended 31st December 2025 14. STOCKS 2025 2024 Stocks 27.444 DEBTORS: AMOUP4TS FALLING DUE WITHIN ONE YEAR 2025 2024 Dividend and ini reeeivable LegJaLy d¢b1015 Otlier debtors Gift aid tax rLYlaim due PTLpayincnts 4,530 199,207 1.928 1.969 243,809 12.751 4.-181 278 692 211.614 16. CREDITORS: AMOUNTS FALLING DUE WITHIN of4E YEAR 2025 2024 Trade Litdilors S(ILial security and other taxe5 VA"I' OtiieT cieditots Accrlled expenses 1,993 19,479 4,450 8,716 20.-171 14,7 19.766 17. LEASING AGREEMENTS Minimum lease paymen15 under non-cancellable operating leases fall due as follows". 2025 2024 Within one year Bctwecn on¢ and five ycars 6.669 18.1495 2,858 25.564 2,858 Page 27 ¢onUnued... S.A.S.ILA. NOTES TO THE FINANCIAL ST ATEMENTS - Continued for the ear ended 31st December 2025 18. MOVEMENT IN FUNDS Nct movement in thds Transfcrs between fi￿dS Ai 31.12.25 Ai 1.1.25 Unre$trl¢ted (i¥n¢ral lund De5ignaled Flind- Pivperlies Dc%ignalcd I'-und- Investmcnts Designated Fund- The W 11 Dawson TtU5t 912,527 1,485,948 914.487 130,8.33 222,850 173.927 163,507 {159,1.35) 884,225 1.708,798 1.8C?2.407 1,911,736 777.993 1,548,229 1.112.962 2,161.087 6,167.162 Endowment fund8 ThL Consolidèjtcd Fund ThL W H Dawsoii T￿s1 CTrartvill¢-%miih F'und ThL MariLr RLadLr Fund 199,682 2,165,742 8.y¥() 2.785 79,194 {2,6551 478.876 (2.163,087) 8,1¢89 2,785 2.577.098 2.161.087 490.550 TOTAL FUNDS 5.890.060 967.652 6.857.712 Net movement in tunds. included in the above are as lollows". Incoming re50urcc5 Resources expcnded Gains and Movement losses in funds Unrestricted funds GL￿LIa[ tund D¢%ignatLd l.und- Propcrtics Dc%ignatcd Fund- Invcstmcnls Designaled Fund- The W H Daw8on Trust 1,622,-119 11,547,656) 56,170 222,85 151.783 -361.507 130,833 222,85 171.923 161.507 2_3.852 {_3.7121 1.646.171 (1.551,368) 796.310 891.113 Endvwment fitnds The Consulidated Fund The W H Dawson Trusl 3.-307 15,484 75,887 79,194 18.791 111.772} 09.520 TOTAL FUNDS 1,664,962 1.563,1401 865,8.10 967,652 Page 28 ¢onUnued... S.A.S.ILA. NOTES TO THE FINANCIAL ST ATEMENTS - Continued for the ear ended 31st December 2025 18. MOVEMENT IN FUNDS- condnued Comparatiyu for moY¢m¢nl in funds Net Mo￿¢M¢nt in fimds Transfers b¢twe¢n funds Ai 31.12.24 Ai 1.1.24 Unrestricted funds Gaieial lund Dc%ignatcd Fund- PTOPCrtics De_signated Fund- Investments 175,126 1.118.691 521.2.31 741,784 (203,98_1} -147.255 -146.557 912,527 1.485.948 914.487 46.699 2.035.050 788.083 489.829 3,312.962 EndowmeDt funds 'I'he Kin8 Edward Vll %oldieJ3 & %ailors Ins. Fund The Lonsolidaied Fund 'I'he W H Dawstsn'l'ru51 (Tfdiiville-smiih l.und The Maiter Readei Fund 489,829 {489,829) 199,682 2.165,742 8,889 2,785 2,136,666 8.88)( 2.785 29,076 3.037,851 29,076 489.829) 2,577.098 TOTAL FUNDS 5,072,901 817,159 5.890,060 Compaialiv< nel movemeni iti funds. iIiLludtd in the abvve are a5 follows." Incoming rcsourcc5 Resources expclldcd Gains &nd Movement losscs in funds Unre8tricted funds General fund Designaled Fund- Invesrments 2.044.764 (1.348,-3801 45,000 46,099 46,699 2,044.764 (1,348,380} 91,699 788,083 EndowmeDt fund ThL W H Dawsoll Trusl 23,183 111,608) 17,501 29,076 TOTAL FUNDS 2 067 947 1159 9881 109 200 817 159 Included it) iotal reserves, is a revaluation surplus of £2.026.902 of which £1.897,412 represenis the difterenee benveen rhe markei value and ihe hisiorical cogi of properiies. and £129.490 represeniing the difference beiween the market value and his(vriLuI Losl ul. other 4uvl¢d invesini