177,238 269 31,696 9,716 41,106 12,253 1,913 2.895 58,167 2,832 55~335 4,180 12,580 995 452 2,832 21,039 18,763 27,073 26 45,862 42,263 10,376 44,092 851 798 56,117 22,177 4,315 267 26.759 10,656 806 102,807 8,338 4,771 7,188 1,840 136,406 PAYMENTS LIFE-BOATS:— £ s.

New Life-boats for the following Stations: On account— Angle, Arbroath, Barra Island, Berwick-on-Tweed, Cromarty, Douglas, Dungeness, Fishguard, Mallaig, Moelfre, "Port St.. Mary, St. Mary's, Southend-on-Sea.

Tenby, Thurso, Troon, Valentia, Wicklow; materials for future building and improvements and alterations to existing fleet 185,858 6 d.

Upkeep of Cowes Office and Store Upkeep of and Repairs to Life-boats Rentals and Maintenance of Radio Equipment and Loud Hailers and Radio Licences Consulting Naval Architect Salaries of Superintendent Engineer, Sur- £ s. d.

veyor of Life-boats, Inspectors of Machinery, Assistant Surveyors of Life-boats and Machinery, Draughtsmen and Clerical Staff .." 42,575 1 8 Travelling Expenses 12,631 2 4 Pensions under the Pension Scheme .. 2,505 1(1 5 Contributions to 1938 Pension Scheme .. 3.35919 9 61,161 14 2 Less estimated amount chargeable to Lifeboat carriages and tractors .. . . 2,571 — - 602,786 LIFE-BOAT CARRIAGES AND TRACTORS:— New Carriages New Tractors Repairs to Life-boat Carriages Repairs to Tractors Estimated proportion of Life-boats expenses as above ..

LIFE-BOAT HOUSES AND SLIPWAYS:— New Construction and Adaptation Repairs and Maintenance Pension under the Pensiin Scheme LIFE-BOAT STORES LIFE-BOAT DEPOT:— Rates, Insurance, Equipment and Repairs Salaries of Superintendent of Depot, Assistant and Clerical Staff and Wages of Manual Workers Pensions and Gratuities under the Pension Schemes Contributions to 1938 Pension Scheme PAYMENTS IN CONNEXION WITH LIFE-BOAT STATIONS :— Conveyance of Life-boats, Carriages, Tractors and Stores; Work to Moorings, Telephones; Postages, etc.

Insurance under National Insurance Acts and against claims at Common Law Salaries of Assistant Secretaries, etc., of Stations WAGES, REWARDS AND OTHER PAYMENTS TO COXSWAINS, MOTOR MECHANICS AND CREWS :— Cost of Wreck Services, including Rewards to Life-boat Crews and others, Special Rewards and Recognitions, Medals and Vellums Grants to men injured in the Life-boat Service ..

Fees of Coxswains, Bowmen and Signalmen, Wages of Motor Mechanics, etc.

Payments to Life-boat Crews and Launchers for exercises Annuities and Gratuities under the Regulations to Coxswains, Bowmen, Signalmen, Part Time and Assistant Motor Mechanics Pensions and Grants to Relatives of deceased Life-boatmen and others Pensions and Gratuities under the Pension Scheme to Ex-permanent Crews of Life-boats Carried forward ..

285 10 40,478 18 9,807 19 386 5 9 10 6 4 3 58 4 2 12 38 ,590 ,204 730 744 ,571 ,416 ,443 14 11 12 9 4 19 2 2 4 10 9 9,315 6 7 47,144 12 8 1,573 19 8 967 9 7 24,071 19 5 4,459 15 - 328 8 9 14,203 14 4 945 8 11 106,629 18 11 9,884 6 6 4,569 10 4 7,643 17 8 3,003 - 7 50,860 50,360 59,001 28,860 i955 £ 8.198 0.238 21,798 18.972 58,541 194,206 1,800 285 18,646 6,276 S34.96O RECEIPTS SUBSCRIPTIONS, DONATIONS, ETC.:— General Subscriptions to Headquarters ,, ,, through Station Branches ,, ,, through Financial Branches ,, Donations to Headquarters ,, „ through Station Branches ., ., through Financial Branches Contributions from Harbour Authorities towards upkeep of Life-boat Stations Contribution Boxes to Headquarters „ ,, through Station Branches ,, ,, through Financial Branches £ s.

8.488 5 5,784 14 25,402 14 25,778 1 62,590 7 205,654 16 1,800 - 303 14 22,703 14 6.717 — d. £ s. d.

9 6 4 8 7 2 5 10 1 3(1.1 223 O J.

CIVIL SERVICE LIFE-BOAT FUND:— Contribution in respect of the following Life-boat Establishments: Blyth, Hartlcpool, Holyhead, Margate, Portrush, Port St. Mary. St. David's, Southend-on- 6,216 Sea, Walmer and Whitehills 5,724 13 10 INCOME FROM INVESTMENTS:— Dividends and Interest on Investments (less 61,970 £1,848-5 tax) 68,03413 3 Less— £ s. d.

Interest on certain Trust Funds trans- 867 ferred to Speeial Purposes Fund . . 896 4 - Interest on certain F/ndowment Funds transferred to General Subscriptions, etc. (in accordance with the directions 676 of the respective donors) .. .. 649 8 10 1.543 1,545 12 10 60,427 66.489 - 5 2,451 Income Tax Recovered on Dividends 2,300 3 2 62,878 68,789 3 7 04,054 Carried forward 439,737 6 9 1955 £ 602,786 16,984 3,902 1,642 1,560 17,808 13 9 4,276 2 3 1,190 15 5 1,805 18 9 24.088 3,139 27,868 3,108 3,719 1.657 2.563 1,172 1,143 2.204 PAYMENTS Brought forward LIFE-BOAT INSPECTORS:— Salaries of Chief Inspector, Deputy Chief Inspector, Assistant Chief Inspector, Inspectors of Life-boats and Clerical Staff Travelling Expenses Pensions under the Pension Scheme Contributions to 1938 Pension Scheme RATES AND REPAIRS OF MECHANICS' COTTAGES, ETC ADMINISTRATION:— £ s. d.

Salaries of Secretary, Assistant Secretary Accountant, Internal Auditor, and Clerical Staff 31,419 Rent, Depreciation, Rates, Lighting, Heating, Insurance, etc., of the House of the Institution Insurance under National Insurance Acts and against claims at Common Law Telephone Operator, Commissionaires and Nightwatchman Telephones, Postages and Parcels Travelling Expenses of Committee of Management Pensions under the Pension Scheme Contributions to 1938 Pension Scheme 9 3,512 1 3,987 1,751 2,217 809 1,173 2 6 10 11 10 16 7 2,290 1 - 43,434 Less estimated amount chargeable to rais- 47,101 7 1 21,717 ing of funds and publicity .. ..23,58013 6 21,717 ' 23,580 13 7 6,348 Stationery, Office Expenses, Printing and Books .. 7,013 10 5 , T'2 Auditors'"Fee 472 10 - I,o36 Law Expenses 2,039 7 1 Z°~ Repairs and Improvements to the House of the Institution 766 9 10 30,503 GRANTS IN CONNEXION WITH CERTAIN 539 LEGACIES EXPENSES OF CONFERENCE OF LIFE-BOAT 404 SOCIETIES EXPENSES CONNECTED WITH RAISING OF ] FUNDS AND PUBLICITY:— 1 Salaries of Publicity Secretary, Assistant and Clerical 6,274 Staff and Wages o'f Manual Workers .. .. _.. 7,35.519 8 Salaries of District Organizing Secretaries and Clerical 19,037 j Staff 20,763 6 3 3.847 ! Travelling expenses .. .. .. . . . . .. 4,594 5 9 189 Annual General Meeting 213 12 5 12.576 Advertising and Appeals .. .. .. .. •• 9.225 15 9 Stationery. Printing, Books, Films, Badges, Collecting 32,938 ; Boxes, "Postages 30,752 6 3 Printing and Binding the Year Book and Life-boat 4,232 Journal 4,602 - 2 2,518 Printing and Binding the War Supplement .. . . — - - Salaries and Commissions of Assistant Secretaries, etc., 8.064 ! Of Branches 9,330 10 1 1.399 | Pensions under the Pension Scheme .. .. .. 1,613 4 4 1,905 | Contributions to 1938 Pension Scheme 2,391 11 1 Estimated proportion of Administration Expenses as 21,717 above 23,580 13 6 114,691 776.150 Total Payments Deduct:— Expenditure on new Life-boats included in this account borne by:—• 97,167 i Gifts and Legacies for special purposes .. .. 65,361 - 6 80.071 j Reserve for Replacement of Life-boats .. .. 120,497 6 3 177,238 | 185,858 6 9 Other expenditure included in this account borne by 49,090 Special Gifts and Legacies 44,852 4 2 226,328 j • 549,822 Balance not otherwise appropriated transferred to General 72,041 , Purposes Fund "£621,863 RECEIPTS AND PAYMENTS— 1st Jan. to 31st Dec., 1956— continued.

955 £ 404,054 8.982 880 4,862 408,910 312,947 721,863 307 500 807 04.800 50.204 115,004 837,074 721.803 100,000 621,803 RECEIPTS £ s. d.

Brought forward SUNDRY RECEIPTS:— Sale of old Stores . . 6,583 17 10 Rentals of Freehold and Leasehold Premises . . . . 874 4 7 Total Ordinary Receipts LEGACIES FOR GENERAL PURPOSES ..

TOTAL RECEIPTS FOR GENERAL PURPOSES.. 804,14713 9 Gifts and Legacies for Special purposes transferred to Funds : — • £ s. d.

General Kndowment : — Legacies . . . . . . . . 2,974 14 5 Special Gifts 49 4 3 *5 0°3 IS 8 Legacies 150.880 16 11 Special Gifts 43,150 12 9 191 0°'r 9 ° Total Receipts .. .. £1,001,209 2 1 Deduct:— Appropriation to Reserve for Replacement of Life-boats £ s d 439,737 6 9 7,458 2 5 447,195 9 2 356,952 4 7 804,147 33 9 100,000 - - 704,147 13 9 Xoiii.—This account includes the receipts and payments for the Headquarters of the Institution for the year to 31st December, 1956, and of the Branches for the year to 30th September, 1956.

£704,147 13 9 £246,123 £362,388 1955 GENERAL ENDOWMENT F The Income to be applied for the purposes of the Instit £ £ DEPRECIATION ON VALUATION- OF INVESTMENTS AT 31ST DECEMBER, 1956 31,904 246,123 BALANCE AT 31ST DECEMBER, 1956 217,242 £249,146 SPECIAL PURPOSES AND MAINTENANCE F The Capital to be applied for the purposes of the Instit EXPENDITURE AS SHEWN IN ACCOUNT OF RECEIPTS AND PAYMENTS :— 97,167 on NEW LIFE-BOATS 65,361 49,009 ON OTHER PURPOSES 44,852 REFUND TO RESERVE FOR REPLACEMENT OF LIFE-BOATS FOR 6,394 EXPENDITURE PREVIOUSLY CHARGED AGAINST THAT FUND .. 32,664 31 TRANSFER TO GENERAL PURPOSES FUND ON FULFILMENT OF TRUST .. 37 903 GRANTS IN CONNEXION WITH CERTAIN TRUST LEGACIES .. . . 878 208,803 BALANCE AT 31ST DECEMBER, 1956 259,944 £403,736 1 177,238 97,167 80,071 1,017,551 RESERVE FOR REPLACEMENT OF LIFE-BO EXPENDITURE ON XEW LIFE-BOATS Less BORNE BY SPECIAL PURPOSES AND MAINTENANCE FUND BALANCE AT 31ST DECEMBER, 1956 £ 185,858 65,361 120.497 1,029.718 £1,097,622 £1.150,215 1 1,170 951 614.918 GENERAL PURPOSES Fl PROVISION FOR ADDITIONAL LIABILITY, 1909 PENSION SCHEME Loss on Sale and Redemption of Investments DEPRECIATION ON VALUATION OF INVESTMENTS AT 31 ST DECEMBER, 1956 BALANCE AT 31ST DECEMBER, 1956 £ i 9,246 1 184,563 1 537.888 1 £617.039 £731,699 ; 31st December, 1950.

in accordance with the directions of the respective Donors. e £ s. d.

,316 BALANCE AT 31sx DECEMBER, 1955 240,122 19 10 LEGACIES AND SPECIAL GIFTS (INCOME ONLY AVAILABLE) RECEIVED ix THE YEAR :— £ s. d.

307 Legacies 2,974 14 5 500 Special Gifts .. 49 4 3 -m 3,023 18 8 £249,140 18 6 31st December, 1950.

in accordance with the directions of the respective Donors.

BALANCE AT 31ST DECEMBER, 1955 208,803 5 6 LEGACIES AND GIFTS FOR SPECIAL PURPOSES (CAPITAL AVAILABLE) RECEIVED IN THE YEAR:—• £ s. d.

Legacies 150,880 10 11 Special Gifts 43.15012 9 194,037 9' 8 INTEREST ox UNEXPENDED BALANCES OF CERTAIN SPECIAL TRUST 80" FUNDS 896 4 - £403,736 19 2 31st December, 1950.

£ s. d.

BALANCE AT 31ST DECEMBER, 1955 1,017,551 7 9 REFUND FROM SPECIAL PURPOSES AND MAINTENANCE FUND AS ABOVE 32,064 3 9 APPROPRIATION FROM ACCOUNT OF RECEIPTS AND PAYMENTS .. 100,000 - — £1.150.215 11 6 31st December, 1950.

£ s. d.

41,793 BALANCE AT 31ST DECEMBER, 1955 .. 614,918 1 8 PROFIT ON SALE AND REDEMPTION OF INVESTMENTS .. .. . . 80 7 5 1,082 Profit on Sale of Freehold and Leasehold Property .. .. •. - - - 2.092 REDEMPTION OF POST WAR CREDITS . . .. .. .. .. 40 13 2 TRANSFER FROM SPECIAL PURPOSES AND MAINTENANCE FUND AS 31 ABOVE . . .. 37-2 72,041 TRANSFER FROM ACCOUNT or RECEIPTS AND PAYMENTS .. .. 116,023 1 11 £731,099 4 4 19.55 £ | 246.123 GENERAL ENDOWMENT FUND (Income available in accordance with the directions of the respective donors') SricciAi, PURPOSES AND MAINTENANCE FUND (Capital to be applied in 208,803 j accordance with the directions of the respective donors) 1 ,0] 7,551 014,918 £2,087,395 RESERVE FOR REPLACEMENT OF LIFE-BOATS The estimated cost of replacing the entire Fleet exceeds £4,000.000 and the estimated liability for re7 laccments at present contemplated exceeds £1,000,000, part of which will be met by Special Gifts and Legacies.

GENERAL PUBPOSES FUND Of this Fund £129.010 relates to Freehold and Leasehold Properties necessary to the Institution's work. The balance of £408.878 is available for the general purposes of the Institution and is intended to cover ordinary liabilities as they arise, including certain pensions, insurance risks in respect of the Life-boat Fleet and Crews not otherwise covered, and replacements other than Life-boats. Replacements at present contemplated include new construction and adaptation of Life-boat Houses £100,000 and provision of new Carriages £00,000.

217,242 259.944 1,029,718 £2,044,793INVESTMENTS revalued at market prices on 31st Dec., 1956, following the Institution's established practice of revaluing its investments at quinquennial intervals:— Representing GENERAL ENDOWMENT FUND—Income only available: British Government Securities British Cornoration Stocks .. .. ,.

s. d.

217.242 2 - 217.242 2 - Representing OTHER FUNDS:— British Government Securities Colonial Government Securities British Corporation and Public Board Stocks Sundry Small Investments Total Investments ..

..1.314.0.37 12 11 . . 152.003 12 - .. 190.989 1 - 32.833 1 8 1,009,773 7 7 1,827,013 9 FEF.r.noi.D PREMISES (At cost):— Including Life-boat Depot at Boreham Wood LKASKHOI.D PRKMISKS—(At cost less amounts written off): — Including 42-44 Grosvenor Gardens BRANCH ACCOUNTS:— Balances in hands of Branches, 30th Sept., 1956 .. 109.240 0 2 Less Balance of Remittances between Headquarters and Branches, October to December, 1956 .. 61,202 7 8 BANK BALANCES 94.428 12 7 34,581 10 5 47,957 1 6 40,810 £2,044.793 (Signed) HOWE, Chairman.

(Signed) A. D. BURNETT BROWN, Secretary.

We have examined the above Statement, also the Account of Receipts and Payments correct and in accordance therewith. We have also verified the Invest n 3 Frederick's Place, Old Jewry, London, E.C.2.

22nd February, 1957.

ounts of the Funds with the Books and Vouchers and find the same to be ected the Deeds of the Properties belonging to the Institution.

(Signed) PRICE WATERHOUSE & CO., Auditors.

THE LIFE-DOAT SERVICE Its Payments at a Glance How each £100 of the Institution's Payments was made in 1955 £ s. d.

24 14 10 m New Construction.

39 2 2 —|___mmm m ___, Maintenance of Lifeboats and Stations (including Depot).

17 19 1 . Payments to Life-boat Crews.

4 4 3 , mm Administration.

13 19 8 mm I m Raising of Funds and Publicity at Headquarters and over 1,000 Branches.

£100 0 0 Its Receipts at a Glance How each £100 of the Institution's Receipts was obtained in 1956 £ s. d.

10 9 0 Subscriptions, Donations, Collecting Boxes.

13 10 7 MM BKH Life-boat Days and House-to-House Collections.

5 5 4 m Other Special Efforts.

1 10 0 „ Boathouse Collections.

6 17 5 mmm Income from Investments.

51 0 7 MM H M Legacies.

4 6 3 • Special Gifts.

14 10 Other Sources.

£100 0 0.