More deaths in the channel.

[carmanmemoranda]

This wouldn’t be their pension fund by any chance. ?

I see you are beginning to look into their accounts a bit deeper.

You might have some observations to make about them ?

Bit different once you get past the 5 lines you tried to paint a black picture with

 

[denso13]

An amount is pension reserve, very small part of the total.

 

[motorbiking]

Why don’t you post the source?

 

[denso13]

Why don’t you post the source?

You've already posted from the document. You mean you haven't read it?

https://rnli.org/-/media/rnli/downloads/agm/22512651_ara_2022_dc_v9_download_protected.pdf?rev=dfa7e2838c5343be8003b5f1db881ecf&hash=83C5B1DA1ABAF5B240C723225D4C6606

 

[denso13]

I still don't see why it matters. Their finances are healthy.

 

[motorbiking]

So you understand that funds available is the asset position (the sum of the value of everything they own). You read the next page I assume.

 

[carmanmemoranda]

So you understand that funds available is the asset position (the sum of the value of everything they own).

You understand those 5 lines you posted don't give a very clear or detailed picture ?

A bit misleading if taken on their own even

 

[motorbiking]

No they tell you everything.

The NAV confirms it.

You can see why they have been making cutbacks since 2019.

 

[carmanmemoranda]

No they tell you everything.

The NAV confirms it.

You can see why they have been making cutbacks since 2019.

If you think it tells you everything then you are not looking at it right.

 

[denso13]

So you understand that funds available is the asset position

Funds held is the term,

 

[motorbiking]

£800,000,000 in the bank says yes.

Or rather the accounting value of all their assets

 

[motorbiking]

If you think it tells you everything then you are not looking at it right.

They will remain financially stable if they cut around £40m in costs a year or increase income by 20%. Unfortunately the cost of generating income is going up. So allowing for that, it needs to be closer to 25%+.

I can think of a real easy way for them to do this without damaging the vital service they provide in U.K. coastal and inland waters.

 

[carmanmemoranda]

They will remain financially stable if they cut around £40m in costs a year or increase income by 20%. Unfortunately the cost of generating income is going up. So allowing for that, it needs to be closer to 25%+.

I can think of a real easy way for them to do this without damaging the vital service they provide in U.K. coastal and inland waters.

Go on then.

You will be able to demonstrate any action will save that amount of money ?

I don't think the accounts show that.

 

[fillyboy]

They will remain financially stable if they cut around £40m in costs a year or increase income by 20%. Unfortunately the cost of generating income is going up. So allowing for that, it needs to be closer to 25%+.

I can think of a real easy way for them to do this without damaging the vital service they provide in U.K. coastal and inland waters.

Recent massive TV campaigns for donations smacks of desperation. I'm not convinced of the claim donations had doubled as a result of them providing a taxi service for migrants.

They will remain financially stable if they cut around £40m in costs a year or increase income by 20%. Unfortunately the cost of generating income is going up. So allowing for that, it needs to be closer to 25%+.

They laid off 135 staff in 2019

 

[noseall]

They laid off 135 staff in 2019

The RNLI is in a great financial position. In fact, each time one of the RWR bellends spouts off, their donations increase massively.

Keep up the good work filly.

Oh by the way, they are recruiting again now the Covid hit has waned.