RNLI ANNUAL REPORT AND ACCOUNTS 2011

RNLI balance sheet*AS AT 31 DECEMBER 20112011 2010Note £M £M £M £MAssets employedFixed assets 6Tangible assets 319.7 311.8319.7 311.8Investments 7 252.4 236.4Current assetsDebtors 47.1 44.0Short-term deposits 2.4 7.1Cash 2.2 1.351.7 52.4CreditorsAmounts falling due within 1 year (6.6) (6.9)Net current assets 45.1 45.5CreditorsAmounts falling due after more than 1 year (4.9) (6.0)Net assets excluding pension liability 612.3 587.7Defined benefit pension liability (33.4) (38.1)Net assets including pension liability 578.9 549.6The reserves of the Charity:Committed reservesEndowment reserves 9.6 10.1Restricted reserves : Fixed assets 179.2 143.8Other restricted reserves 75.3 76.4Accrued legacy reserves 8.3 -262.8 220.2Designated reserves : Fixed assets 140.5 168.0Planned capital expenditure 12 75.9 78.0216.4 246.0Net free reservesFree reserves 106.1 90.3Accrued legacy reserves 17.4 21.1FRS17 pension reserves (33.4) (38.1)90.1 73.3Total reserves 578.9 549.6The notes on pages 21-33 form part of these accounts. The accounts of the RNLI and the consolidated accounts were approvedand authorised for issue by the Trustees on 4 April 2012 and signed on their behalf.Admiral the Lord Boyce KG GCB OBE DLChairman4 April 2012Paul Boissier CB MA MScChief Executive4 April 2012* The RNLI balance sheet, showing the financial position of the charity excluding its subsidiaries, has been included withinthese accounts this year in accordance with the Charities (Accounts and Reports) Regulations 2008.19