RNLI's income reached £174m in 2012

Accounts for the life-saving charity show that legacies, its main source of income, topped £100m for the first time

RNLI
RNLI

The income of the RNLI rose from £172.9m to £174.7m in 2012, according to accounts filed with the Charity Commission last week.

The total of resources expended was £148.9m during the year, the accounts show.

The charity’s legacy income, its main source of funding, topped £100m for the first time. Legacies made up 58 per cent of the charity’s income and were worth £101.4m, up from £97.7m in the previous year.

At the end of the year, the charity had reserves of £613m, including a large portfolio of fixed assets, worth £344m. The charity says in the report that it had free reserves of £77.6m.

The accounts also show a loss of £3.8m on its defined-benefit pension fund, leaving it with a £24.9m pensions shortfall at the end of the year.

The charity’s lifeboats were launched 8,346 times in 2012, rescuing 7,964 people and saving 328 lives, the charity’s annual report says.

David Ainsworth

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