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THE DEGREES INITIATIVE

Registered charity 1196532 · accounts filings on the Charity Commission register · listed website unreachable when last crawled

Latest income
£2.6m
Latest spending
£1.4m
Registered
2021
Accounts read
FY2024

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

Reserves policy: three to six months’ fixed expenditure (held: £3.5m)
“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.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: 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.
“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
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Buzzacott Audit LLP.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£2.6m
Total spending
£1.4m
Cost of raising funds
£47k
Reserves (reported)
£3.5m
Employees
8

Reported reserves equal ~30.6 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Argentina · Benin · Indonesia · South Africa · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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?

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 QUADRATURE CLIMATE FOUNDATION.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmount
QUADRATURE CLIMATE FOUNDATIONFY2024£0

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
Founders Pledge Ltd1£1.1m
EFFECTIVE VENTURES FOUNDATION1£136k
REES JEFFREYS ROAD FUND1£40k
MONTPELIER FOUNDATION LIMITED1£30k
NEWBY TRUST LIMITED1£10k
SIR ROBERT GEFFERY'S ALMSHOUSE TRUST1£4k
WOODCOCK CHARITABLE TRUST1£120

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with CENTER ON LONG-TERM RISK.