RNLI ANNUAL REPORT AND ACCOUNTS 2011

RNLI consolidated statement of financial activitiesfor the year ended 31 December 2011NoteNet freereserves£MDesignatedreserves£MRestrictedreserves£MEndowmentreserves£MTotal2011£MTotal2010£MIncoming resourcesRaised voluntary income 43.2 - 9.0 - 52.2 51.5Legacies 73.1 - 24.6 - 97.7 90.6Merchandising and other trading 14.3 - - - 14.3 14.1Investment income 7c 4.6 - 0.3 - 4.9 4.5Lifeguarding and other income 3.6 - - - 3.6 2.8Total incoming resources 138.8 - 33.9 - 172.7 163.5Resources expendedCost of generating voluntary income (22.1) (0.7) - - (22.8) (23.0)Merchandising and other trading (8.8) (0.1) - - (8.9) (8.7)Investment fees (0.7) - (0.2) - (0.9) (1.2)Cost of generating funds (31.6) (0.8) (0.2) - (32.6) (32.9)Rescue (36.0) (5.6) (23.8) - (65.4) (64.2)Prevention (3.8) (0.1) (0.4) - (4.3) (4.0)Operational maintenance (32.1) (2.0) (8.9) - (43.0) (49.6)Innovation (4.3) (0.1) - - (4.4) (4.0)International (0.2) - - - (0.2) (0.1)Charitable expenditure (76.4) (7.8) (33.1) - (117.3) (121.9)Governance expenditure (0.5) - - - (0.5) (0.5)Total resources expended 5 (108.5) (8.6) (33.3) - (150.4) (155.3)Net incoming resources before transfers 30.3 (8.6) 0.6 - 22.3 8.2Transfers between reserves 1g (21.6) (19.4) 41.0 - - -Net incoming resources 8.7 (28.0) 41.6 - 22.3 8.2Gains on investments 7b 3.0 - 1.0 (0.5) 3.5 17.5Actuarial gains/(losses) on pension schemes 14d 2.8 - - - 2.8 (0.5)Net movements in reserves 14.5 (28.0) 42.6 (0.5) 28.6 25.2Reserves at 1 January 63.1 257.0 220.2 10.1 550.4 525.2Reserves at 31 December 77.6 229.0 262.8 9.6 579.0 550.4The notes on pages 21–33 form part of these accounts.17