BelleSerene
Well-Known Member
I am glad that everybody has appreciated the financial position of the RNLI.... :nonchalance:
Mercifully, Fred Drift unwinds himself. Thank you, OP!
May I repeat my unanswered question: what is the financial position of the RNLI? Lots of fact stated, I know, but we were left to guess the conclusion you were drawing. Income up from both profits and capital gains; pension fund prospects oscillating wildly; most of a billion of assets; big increase in salaries; perhaps that’s why there are a few percent more ‘directors’ paid >£60k; spent 18 million pounds on lifeboats.
What is your point? That their capital spend (on lifeboats) is more than their capital gain (from investments)?