INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31st DECEMBER, 1971 Less: Proceeds from sale of boathouse BALANCE MET FROM (1970 TRANSFERRED TO) RESERVE FOR CAPITAL EXPENDITURE (Notes 1 and 6) 1971 INCOME Subscriplions, Donations, etc.

Net income from sale of Christmas cards and souvenirs Investment income Legacies for general purposes . .

NET INCOME available for General Purposes Gifts and Legacies for Special Purposes . . . . . . . . 44-9,890 Less: amount retained in Restricted Funds . . . . . . . . 111,945 (Gifts and Legacies for endowment purposes 1971 and 1970 nil) EXPENDITURE Operational, Technical and Development costs: Maintenance and development of life-boats .. .. .. .. 430,789 Maintenance and development of life-boat houses and slipways . . 56,020 Operational stores . . . . . . . . . . . . . . 163,485 Life-boat station expenses . . . . . . . . . . . . 47,807 Coxswains, mechanics and crews . . . . . . . . . . 327,359 Dependants' pensions . . . . . . . . . . . . . . 26,944 Inspectorate . . . . . . . . . . . . . . . . 109,441 Central costs: Head Office 131,587 Depot 234,980 Costs of fund-raising and publicity: Fund-raising expenses . . . . . . . . . . . . . . 458,386 Advertising and exhibition expenses . . . . . . . . . . 22,917 NET FUNDS AVAILABLE FOR CAPITAL EXPENDITURE DURING THE YEAR CAPITAL EXPENDITURE DURING THE YEAR: Life-boats 412,095 Fast rescue boats . . . . . . . . . . . . . . 88,847 Inshore rescue boats . . . . . . . . . . .. . . 12,198 Life-boat stations and slipways . . . . . . . . . . 36,786 Machinery and equipment . . . . . . . . . . . . 17,437 567,363 20,827 £ 1,113,157 32,368 135,691 882,219 2,163,435 337,945 £2,501,380 1,161,845 366.567 481,303 £2,009,715 491.665 546,536 £54,871) 1970 £ 949,647 35,565 104,154 820,297 1,909,663 £371,026 £119,081.