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
£8￿25.51 £46.075 51
£O.W E5190L02
£8.526.50
INCOME & EXPEND￿uRE
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.