Well folks, it’s that time of the year....

[Sybarite]

The RNLI 2018 annual report and accounts are out – with a trend that is confirming my fears of previous years.

Some comments : (all figures expressed in £ millions unless otherwise stated.)

• Total funds are down by -13.4 from 722.0 to 708.6 (-1.9%)
• Non seasonal FTE staff numbers are up by 124 persons 1631 to 1755. (7.6%)
• Total staff costs are up by 5.2 from 80.2 to 85.4. (6.5%)
• Those earning over £60k have increased from 54 to 62 persons. (14.8%)
• The chief exec’s revenue package is up by 6.5k from 188.9k to 195.4k (3.4%)
• The 2018 investment in lifeboats was 17.5 or 9% of income.
• Total income and endowments are down by -6.1 to 192.2 from 198.3 (-3.1%)
• Net income is down by -36.8 from gain of 26.8 to loss of -10.
• The actuarial loss on pensions is -3 down from a gain of 22.8, or a fall of -25.8 which is 47% more than the amount capitalized in lifeboats.
• The net movement on funds is a fall of -13 compared with a gain of 49.6 a difference of -62.6

IMHO the RNLI is still not showing sufficient anticipation of what may well be difficult times ahead.

Cue :

Not again
bean counter
You know nothing
etc etc....

 

[NotBirdseye]

Do you have this in table format by years? (I.e. so I can make a potential graph?)

The increase for the Chief Execs revenue package is actually not that bad when considered in line with the Charitable Sector as a whole. It does look worry on the face of it though and I wonder how the RNLI are considering increasing their income. :/. They're an important safe guard.

 

[Tomahawk]

I wonder how much effect on income the PC plonkers are having after events like sacking the coxswain for allowing girlie mugs in the crew room?