RNLI/Mike

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18Photo: <strong>RNLI</strong>/Nigel Millard
Independent auditor’s reportTO THE TRUSTEES OF THE ROYAL NATIONAL LIFEBOAT INSTITUTIONWe have audited the financial statements of the Royal NationalLifeboat Institution for the year ended 31 December 2012 setout on pages 20–38. The financial reporting framework that hasbeen applied in their preparation is applicable law and UnitedKingdom Accounting Standards (United Kingdom GenerallyAccepted Accounting Practice).This report is made solely to the charity’s Trustees, as a body,in accordance with section 154 of the Charities Act 2011 andin accordance with section 44(1)(c) of the Charities and TrusteeInvestment (Scotland) Act 2005. Our audit work has beenundertaken so that we might state to the Trustees those matterswe are required to state to them in an auditors’ report and for noother purpose. To the fullest extent permitted by law, we do notaccept or assume responsibility to anyone other than the charityand the charity’s Trustees as a body, for our audit work, for thisreport, or for the opinions we have formed.RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND AUDITORAs explained more fully in the Statement of Trustees’Responsibilities, the Trustees are responsible for the preparationof the financial statements and for being satisfied that they givea true and fair view.We have been appointed as auditor under section 151 of theCharities Act 2011 and section 44(1)(c) of the Charities andTrustee Investment (Scotland) Act 2005 and report in accordancewith regulations made under those Acts.Our responsibility is to audit and express an opinion on thefinancial statements in accordance with applicable law andInternational Standards on Auditing (UK and Ireland). Thesestandards require us to comply with the Auditing PracticesBoard’s Ethical Standards for Auditors.SCOPE OF THE AUDIT OF FINANCIAL STATEMENTSAn audit involves obtaining evidence about the amountsand disclosures in the financial statements sufficient to givereasonable assurance that the financial statements are freefrom material misstatement, whether caused by fraud orerror. This includes an assessment of: whether the accountingpolicies are appropriate to the charity’s circumstances andhave been consistently applied and adequately disclosed; thereasonableness of significant accounting estimates madeby the Trustees; and the overall presentation of thefinancial statements.In addition, we read all the financial and non-financialinformation in the Trustees’ Annual Report to identify materialinconsistencies with the audited financial statements. If webecome aware of any apparent material misstatements orinconsistencies we consider the implications for our report.OPINION ON FINANCIAL STATEMENTSIn our opinion the financial statements:• give a true and fair view of the state of the group’s and thecharity’s affairs as at 31 December 2012 and of the group’sincoming resources and application of resources for the yearthen ended;• have been properly prepared in accordance with UnitedKingdom Generally Accepted Accounting Practice; and havebeen prepared in accordance with the requirements of theCharities Act 2011 and the Charities and Trustee Investment(Scotland) Act 2005 and Regulations 6 and 8 of the CharitiesAccounts (Scotland) Regulations 2006 (as amended).MATTERS ON WHICH WE ARE REQUIRED TO REPORTBY EXCEPTIONWe have nothing to report in respect of the following matterswhere the Charities Act 2011 or the Charities Accounts(Scotland) Regulations 2006 (as amended) require us to report toyou if, in our opinion:• the information given in the Trustees’ Report is inconsistent inany material respect with the financial statements; or• returns adequate for our audit have not been received frombranches not visited by us; or• sufficient accounting records have not been kept; or• the financial statements are not in agreement with theaccounting records and returns; or• we have not received all the information and explanations werequire for our audit.Crowe Clark Whitehill LLPStatutory AuditorSt Bride’s House10 Salisbury SquareLondonEC4Y 8EH10 April 2013Crowe Clark Whitehill LLP is eligible to act as an auditor in termsof section 1212 of the Companies Act 2006.19
Page 2 and 3: Photo: RNLI/Mike Lavis
Page 4 and 5: Message from the Chief executiveTha
Page 6 and 7: ABOUT THE RNLIFOR THE YEAR ENDED 31
Page 9: 7Photo: RNLI/JP Trenque
Page 13 and 14: BOATS, EQUIPMENT AND ESTATE MANAGEM
Page 15 and 16: We have also developed practical in
Page 17 and 18: £166.5M £140.7M £35.5MIncomeINCO
Page 19: These risks are analysed into key c
Page 23 and 24: RNLI consolidated balance sheetAS A
Page 25 and 26: RNLI consolidated cash flow stateme
Page 27 and 28: RNLI notes to the accountsFOR THE Y
Page 29 and 30: 2 SUBSIDIARY COMPANIESThe RNLI has
Page 31 and 32: 4 TRUSTEE, COUNCIL AND COMMITTEE CO
Page 33 and 34: 6 Fixed assets (continued)b) Intang
Page 35 and 36: 9 Debtors Total2012£MLegacies rece
Page 37 and 38: 15 PENSION SCHEMESThe RNLI operates
Page 39 and 40: 15 pension schemes (continued)c) Ch
Page 41 and 42: 39Photo: RNLI/Dave Cocks
Page 43 and 44: Neil LernerRichard LeworthyNorma Ma

RNLI/Mike

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