THE ROYAL NATIONAL LIFEBOAT INSTITUTION
Financial health, per its FY2024 accounts
The accounts state that free reserves stood at £157.9M at the end of 2024, representing 9.7 months of charitable expenditure, which is at the upper end of the Trustees' stated policy range of 4–10 months. The charity reported a strong balance sheet with consolidated net assets of £816.5M, driven by investment gains and increased donation income, while maintaining a stable financial position despite inflationary pressures.
What the accounts disclose
“Of the 138 employees who received emoluments in excess of £60,000 (including severance pay) in 2024”
“In total, £9,532 (2023: £15,309) was reimbursed to 3 Trustees and 15 Council members and members of advisory committees”
“The RNLI has four wholly owned subsidiaries; RNLI College Limited, RNLI (Sales) Limited, Clayton Engineering Limited and RNLI (Trading) Limited. All are registered in England and Wales, and each has a year end of 31 December 2024.”
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (21/07/2026)
- Received assets from another charity (30/03/2026)
- Received assets from another charity (27/03/2026)
- Received assets from another charity (23/03/2026)
- Received assets from another charity (02/03/2026)
- Received assets from another charity (01/10/2025)
Trustees
- Janet Legrandchair
- Breno Gentil
- David Miles Smith
- Denis Woulfe OBE
- Dr John James Killeen
- Dr Philip Goodwin
- Fiona Catherine Fell
- Jamshaid Islam
- Janet Ann Pamment
- Joanna Danton
- Mark Gregory Wordsworth
- Paddy McLaughlin
- Simon Christopher Bowen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £251.3m | £250.7m |
| 31/12/2023 | £249.6m | £242.6m |
| 31/12/2022 | £231.8m | £233.0m |
| 31/12/2021 | £219.9m | £199.8m |
| 31/12/2020 | £199.2m | £172.5m |
Common questions
Is THE ROYAL NATIONAL LIFEBOAT INSTITUTION financially healthy?
The accounts state that free reserves stood at £157.9M at the end of 2024, representing 9.7 months of charitable expenditure, which is at the upper end of the Trustees' stated policy range of 4–10 months. The charity reported a strong balance sheet with consolidated net assets of £816.5M, driven by investment gains and increased donation income, while maintaining a stable financial position despite inflationary pressures. Its FY2024 accounts were audited by BDO LLP.
Who funds THE ROYAL NATIONAL LIFEBOAT INSTITUTION?
Funders whose own accounts filings name THE ROYAL NATIONAL LIFEBOAT INSTITUTION as a grant recipient include THE VALERIE EVELYN MORANT TRUST, THE LATE GWYNETH MON WILLIAMS CHARITABLE TRUST, THE LIDBURY FAMILY TRUST, WHEELER MILL FOUNDATION, THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION.
Known funders
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Postcode Lottery | 08/12/2025 | £70k | Millionaire Street 2025 12w5 |
| The National Lottery Heritage Fund | 06/11/2024 | £131k | "RNLI 1939-45: Stories of Courage" |
| Postcode Lottery | 30/04/2024 | £100k | Millionaire Street 2024 03w3 |
| The National Lottery Heritage Fund | 04/10/2017 | £30k | "Beken's Lifeboat Glass Plate Negative Collection: From the Isle of Wight to all" |
| The National Lottery Heritage Fund | 30/06/2011 | £28k | "Remembering the English Trader" |
| The National Lottery Heritage Fund | 02/06/2004 | £998k | "Re-development and Re-interpretation of RNLI Grace Darling Museum" |
| The National Lottery Heritage Fund | 25/07/1995 | £355k | "Royal National Lifeboat Collection, Chatham" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | 2 | £62k |
| The Caledonia Investments Charitable Foundation | 2 | £3k |
| The Seafarers' Charity (King George's Fund for Sailors) | 1 | — |
| LLOYD'S REGISTER FOUNDATION | 1 | £460k |
| ARMED FORCES COVENANT FUND | 1 | £384k |
| THE CHARLES LEWIS FOUNDATION | 1 | £108k |
| THE I T F SEAFARERS TRUST | 1 | £99k |
| THE FRANK JACKSON FOUNDATION | 1 | £90k |