ISLE OF WIGHT SEARCH & RESCUE TREASURER'S ST REPORT FOR PERIOD ENDING 31 DECEMBER 2024 Mr Chairman. BANK TATEMEN ISLE OFVIIGHT SEARCH AND RESOJE INCOME & EXPENDMJRE rlod efidl 31st Decernber 2024 Re5eNe Cash in Toki Bw* Pettvcash Trt hand count count Owlni £8.688.24 £37.4.78 £0.00 É46.349.02 £57.08 £46,4t.10 £31.68 £54.932.70 ES,516.60 £825.51 £46.075 51 £O.W E5190L02 £8.526.50 INCOME & EXPENDuRE Total Income £38.17141 Totsl ExpondTture Nel Income £29.644.81 £8.526 60 Further details of the 2024 iricome and expenditure 15 available in the attached documents., WSAR Current Account Summarv WSAR Deposit Account Summary WSAR Income & Expenditure Report INCOME: Income from public donations and collechons represents the fantastic work all the team have done supporting the FundTriser. A massive thank you to everyone, for all the hours attending events and raising funds during the year. We successfully applied for Gift Aid Charity status during 2024 and received £268.90. VAT of £4,380.99 was recovered against our expenditure Income from the Recycling bins has decreased again and we should start to look at alternatives way to cover this income. The textile market is reaching saturation point and this channel of income may not be viable for the long term. I shall leave the Fundraising Officer to provide a report on the donations and collections during 2024. IL Our biggest eKp&nditure remains insurance, vehides and the rent31 of the storage unit.
Vehicle Insuran £1,339.05 Drone InSuTrn - £1,009.85 PL Insuran - £2,782.20 Storage Units - £5.197.82 Unfortunately we IWC have deemed us payable to NNDR. I have applied for Discretionary relief for both the units, but l am not hopeful that we shall be successful. The last correspondence ststes that they will reconsider our position for 202512026. 2024 saw u5 purchase a three license for the Search planning- £5,090.40 l am happy to answer any questions or queries you may have. Thank you for everyone's help and support during 2024.