Question 1

What is the mission of THE NAUTICAL INSTITUTE?

Accepted Answer

The Nautical Institute is an independent, international body promoting the standing of the maritime profession afloat and ashore. The objects of the Institute are to promote and co-ordinate in the public interest the development of nautical studies so as to:Encourage and promote a high standard of qualification, competence and knowledge among those involved in the control of sea-going craft.

Question 2

What is the financial size of THE NAUTICAL INSTITUTE?

Accepted Answer

THE NAUTICAL INSTITUTE is classified as a large charity. In the latest financial year, they reported a total income of £6,945,899 and total expenditure of £5,487,922.

Question 3

How does THE NAUTICAL INSTITUTE allocate its spending?

Accepted Answer

For every pound spent, approximately 87.1% goes directly to charitable activities. The remaining 12.9% is spent on raising funds and administration. This is lower than the median for similar-sized charities (97.7%).

Question 4

What is the workforce structure of THE NAUTICAL INSTITUTE?

Accepted Answer

THE NAUTICAL INSTITUTE employs 43 staff members and is supported by 140 volunteers.

Question 5

Does THE NAUTICAL INSTITUTE receive government funding?

Accepted Answer

To a small extent. Approximately 1.4% of their income comes from government grants or contracts.

Question 6

Does THE NAUTICAL INSTITUTE pay its trustees?

Accepted Answer

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

THE NAUTICAL INSTITUTE

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