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RNLI ANNUAL REPORT AND ACCOUNTS 2011

RNLI ANNUAL REPORT AND ACCOUNTS 2011

RNLI ANNUAL REPORT AND ACCOUNTS 2011

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9 Debtors Total<strong>2011</strong>£MLegacies receivable 25.7 21.1Trade debtors 0.3 0.2Income tax and VAT recoverable 1.6 1.9Other debtors 1.5 1.6Prepayments and accrued income 0.4 0.9Total 29.5 25.7A proportion of legacies receivable may be received after more than 1 year, but this figure cannot be determined with any accuracydue to the inherent uncertainty in the timing of legacy income receipt.Total2010£M10 Creditors Total<strong>2011</strong>£MAmounts falling due within 1 yearTrade creditors 9.0 6.6PAYE taxes and social security 1.1 1.0Pension creditor 0.7 0.8Dependants’ pensions 0.3 0.3Other creditors including VAT - 0.1Finance leases 0.1 0.1Accruals and deferred income 3.5 3.2Total 14.7 12.1Total2010£MAmounts falling due after more than 1 yearFinance leases - 0.1VAT liability on non-business use of buildings - 0.6Total - 0.7Pension liabilitiesDependants’ pensions 4.9 5.3Defined benefit pension liability 33.4 38.1Total 38.3 43.4An amount, disclosed above as Dependants’ pensions, of £5.2M (2010: £5.6M), of which £4.9M (2010: £5.3M) falls due aftermore than 1 year, has been provided to meet future payments to dependants of former crew members who have lost their liveson lifeboat service. These amounts have been calculated by an actuarial valuation at 31 December <strong>2011</strong>. Further details areshown in note 14.29

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