# **The Degrees Initiative**
## **The Degrees Initiative**
**Reference and administrative details**
## **The Degrees Initiative – 2025 Annual Report**
## **Contents**
|Future plans
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|Fund research
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|Build community
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|Amplify voices
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|Structure, governance and management
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|Fundraising
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|Risks and uncertainties
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|Financial review
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|Going concern
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|Statement of trustees’ responsibilities
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|Independent auditor’s report to the members of the Degrees Initiative
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16|
|Statement
of
financial
activities
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20|
|Balance
sheet
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21|
## **Message from the Chair**
## **Message from the CEO**
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## **Approach**
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## **Achievements**
## **Progress to date**
## **Timeline of key developments**
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## **Our volunteers**
## **Impacts in 2025**
## **Fund research**
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## **Amplify voices**
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## **Build community**
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## **Additional progress**
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## **Future plans**
## **Priorities in 2026**
## **Fund research**
## **Build community**
## **Amplify voices**
## **Structure, governance and management**
## **Fundraising**
## **Risks and uncertainties**
## **Team capacity and key person dependencies**
## **Financial review**
## **Going concern**
## **Statement of trustees’ responsibilities**
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## **Independent auditor’s report to the members of the Degrees Initiative**
## **Opinion**
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## **Basis for opinion**
## **Conclusions relating to going concern**
## **Other information**
## **Opinions on other matters prescribed by the Companies Act 2006**
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## **Matters on which we are required to report by exception**
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## **Responsibilities of trustees**
## **Auditor’s responsibilities for the audit of the financial statements**
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## **Use of our report**
25 June 2026
## **Statement of financial activities**
## **Balance sheet**
## **Statement of Cash Flows**
## **Notes to the financial statements**
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##
|||||**202**
**5**|**202**
**5**|||**202**
**4**|**202**
**4**|**202**
**4**|
|---|---|---|---|---|---|---|---|---|---|---|
|||**Restricted **||**Unrestricted **||**Total**||**Total**|||
|||**£**||**£**||**£**||**£**|||
|Staff and related costs||598,265||100,740||**699,005 **||**421,273**|||
|Consultancy||438,12
8||69,630||**507,758 **||**202,535 **|||
|Outreach & community
building||353,371||269,451||**622,822 **||**249,851 **|||
|Grants||439,005||187,078||**626,083 **||**411,022**|||
|Support costs||142,872||9,974||**152,846 **||**88,934 **|||
|**Total**||**1,971,641**||**636,873 **||**2,608,514 **||**1,373,615**|||
||||||||||||
|||||**202**
**5**||||**202**
**4**|||
|Other Expenditure||||**179,084 **||||**(86,626) **|||
|Other expenditure in the year
is unrestricted and
relates to unrealised foreign exchange
losses
/(gains)
on translating the USD account to GBP at the end of the year.|||||||||||
|**. Support Costs **
Governance
Fundraising
Activities
IT Costs
Other
**Total Support Costs**|||||||||||
|||||**202**
**5**|||||**2024 **||
|||**Restricted **||**Unrestricted **||**Total**|||**Total**||
||||**£**||**£**||**£**|||**£**|
||Governance||24,050||34||24,084|||28,844|
||Fundraising
Activities||10,394||-||10,394|||-|
||IT Costs||75,047||7,215||82,262|||20,024|
||Other||33,381||2,725||36,106|||40,067|
||**Total Support Costs**||**142,872**||**9,974 **||**152,846 **|||**88,93**
**5**|
##
##
|**d Employees **|||||
|---|---|---|---|---|
|**Staff Costs **|||||
|||**202**
**5**||**202**
**4**|
|||**£**||**£**|
|Salaries & Wages||523,015||324,437|
|Social SecurityCosts||67,380||35,896|
|Pension Costs||41,475||26,014|
|**Total Staff Costs **||**631,870 **||**386,347 **|
||||||
|**Employee Banding **||**202**
**5**||**202**
**4**|
||**Number of**
**Employees **||**Number of**
**Employees **||
|£60,00
1
to
£70,000|1||0||
|£70,00
1
to
£80,000|2||1||
||||||
|**Key Management Personnel**|**202**
**5**||**202**
**4**||
||**£**||**£**||
|The amount paid to key management
personnel|91,394||90,095||
|**Average Headcount**||||
|---|---|---|---|
|The average headcount for the year was||**11**|**7**|
|||||
|**Pension Scheme**||||
|The charity operates a defined contribution scheme||**202**
**5**|**202**
**4**|
|||**£**|**£**|
|The amount of pension contributions recognised
as an expense during the year was:||**41,475**|**26,014**|
##
|**btors**|||||
|---|---|---|---|---|
|||**202**
**5**||**202**
**4**|
|||**£**||**£**|
|Prepayments and Accrued Income||45,337||72,01
1|
|Other Debtors||49,871||69,271|
|**Total**||**95,208 **||**141,282**|
##
|||**202**
**5**||**202**
**4**|
|---|---|---|---|---|
|||**£**||**£**|
|Trade Creditors||2,337||5,993|
|Accruals||59,459||68,877|
|**Total**||**61,796**||**74,870 **|
##
||**202**
**5**|**202**
**5**||**202**
**4**|
|---|---|---|---|---|
||**£**|||**£**|
|Deferred income at 1 January|1,363,606|||-|
|Released duringtheyear|(1,
363,606
)|||-|
|Resources deferred in theyear||852,706||1,363,606|
|**Deferred income at 31 December**||**852,706 **||**1,363,606 **|
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