THE DEGREES INITIATIVE
The Degrees Initiative builds the capacity of developing countries to evaluate solar radiation management geoengineering and play a central role in research and discussions. The initiative's activities include providing research grants, engagement workshops and community-building activities.
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £3,504,000 at the end of the financial year, which exceeds its stated policy target of three to six months' fixed expenditure. The trustees and auditors confirmed that there are no material uncertainties regarding the charity's ability to continue as a going concern, supported by strong funder indications and a positive net movement in funds.
What the accounts disclose
“The charity’s policy is to hold unrestricted free reserves that are sufficient to cover three to six months’ fixed expenditure and in extremis, the amount needed to wind down the charity in an orderly manner.”
“During the current period, no Trustees received remuneration (2023: Mark Hilton received £16,168 for consultancy services towards the Charity’s operational business strategy. This was authorised by the Trustee Board per the Articles of Association governing the charity). Apart from that disclosed above and elsewhere in the financial statements, there are no other transactions with related parties that require disclosure.” — page 31
Corporate structure
- Registered company of the charity Companies House 13290405
Company officers (Companies House)
- MURPHY, Pauliina on trustee list
- RAHMAN, Mohammed Mofizur on trustee list
- KADO, Jacqueline Alice Akinyi on trustee list
- MORTON, Oliver Edmund on trustee list
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Oliver Edmund Mortonchair
- Jacqueline Alice Akinyi Kado
- Mohammed Mofizur Rahman
- Pauliina Murphy
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £3.6m | £2.6m |
| 31/12/2024 | £2.6m | £1.4m |
| 31/12/2023 | £3.1m | £886k |
| 31/12/2022 | £262k | £262k |
Common questions
Is THE DEGREES INITIATIVE financially healthy?
Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of £3,504,000 at the end of the financial year, which exceeds its stated policy target of three to six months' fixed expenditure. The trustees and auditors confirmed that there are no material uncertainties regarding the charity's ability to continue as a going concern, supported by strong funder indications and a positive net movement in funds. Its FY2024 accounts were audited by Buzzacott Audit LLP.
Who funds THE DEGREES INITIATIVE?
Funders whose own accounts filings name THE DEGREES INITIATIVE as a grant recipient include PRISM THE GIFT FUND, QUADRATURE CLIMATE FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| PRISM THE GIFT FUND | FY2024 | £187k | Education |
| QUADRATURE CLIMATE FOUNDATION | FY2024 | £0 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Founders Pledge Ltd | 1 | £1.1m |
| SOCIETE GENERALE UK FOUNDATION | 1 | £650k |
| LAWES AGRICULTURAL TRUST | 1 | £593k |
| EFFECTIVE VENTURES FOUNDATION | 1 | £136k |
| REES JEFFREYS ROAD FUND | 1 | £40k |
| CLAN TRUST LIMITED | 1 | £31k |
| MONTPELIER FOUNDATION LIMITED | 1 | £30k |
| NEWBY TRUST LIMITED | 1 | £10k |
Charities like this
- INITIATIVE EARTH
- CENTER ON LONG-TERM RISK
- ROTHAMSTED RESEARCH LIMITED
- The Global Returns Project Limited
- RIFT VALLEY RESEARCH LIMITED
- GESGB
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE DEGREES INITIATIVE | £3.6m | — | — | unclear | — | no doubt |
| INITIATIVE EARTH | £375k | — | 0 | unclear | — | no doubt |
| CENTER ON LONG-TERM RISK | £2.3m | — | — | above | — | no doubt |
| ROTHAMSTED RESEARCH LIMITED | £29.3m | — | — | above | — | material uncertainty |
| The Global Returns Project Limited | £1.9m | — | 0 | unclear | — | no doubt |
| RIFT VALLEY RESEARCH LIMITED | £4.6m | $74,000-$85,999 | 0 | unclear | — | no doubt |