The purpose of the organization is the company is established for furthering the following charitable purposes by such means as the trustees shall from time to time think fit:
1. The promotion of education and learning of naval service and auxiliaries personnel and other members of the public about the history, deeds and traditions of the naval service and auxiliaries.
2. The promotion and enhancement of military efficiency by assisting recruitment and retention and fostering the esprit de corps of the men and women who are serving in the naval service or auxiliaries; and
3. The commemoration and remembrance of those members of the naval service and auxiliaries who have died while on active service; and the encouragement of public recognition of the sacrifice made by such persons.