grumpy_o_g
Well-Known Member
I am interested because it soon became evident on the forum that little was known about the RNLI financial position.
For example when the little old lady leaves money to the RNLI (unless it is a specific demand) she supposes that she is contributing to the acquisition of a lifeboat.
In fact around 10% goes to boats and roughly as much goes on staff pensions.
It will be interesting to see if the RNLi - after Brexit - will continue to benefit from the same public generosity. It needs to because it is currently committed to a high fixed cost model.
That's about the percentage I'd expect - possibly higher actually. To spend more on boats when you have to invest to get ongoing costs covered would be pretty irresponsible. There finances are a matter of public record so I'm not sure where the idea that little was known about the RNLI financial position comes from - they might not have the fine detail or the exact amounts but most people on this forum have a reasonable idea I would think.