WORLD ENERGY COUNCIL
Financial health, per its FY2024 accounts
The accounts state that the charity recorded a net surplus of £1,394,000 for the year ended 31 December 2024, reversing a deficit in the previous year. Per the trustees' report, the charity closed with £1,780,000 in reserves, which is above the stated policy threshold of £1,438,000. The trustees confirmed that the charity remains a going concern with sufficient resources to meet operational commitments.
What the accounts disclose
“One Trustee, who was appointed to the Council on 1 December 2021, had significant influence over a Patron, EDF, whose contribution to the Council was valued at £80,000.” — page 63
“One Trustee, who was appointed on 23 October 2023, had control over a Patron, KAPSARC, whose contribution to the Council was valued at £46,875.” — page 63
“One Trustee, who was appointed to the Council on 1 December 2021, had significant influence over a Patron, EDF, whose contribution to the Council was valued at £80,000.” — page 63
“One Trustee, who was appointed on 23 October 2023, had control over a Patron, KAPSARC, whose contribution to the Council was valued at £46,875.” — page 63
“One Trustee, who was appointed to the Council on 1 December 2021, had significant influence over a Patron, EDF, whose contribution to the Council was valued at £80,000.” — page 63
“One Trustee, who was appointed on 23 October 2023, had control over a Patron, KAPSARC, whose contribution to the Council was valued at £46,875.” — page 63
“One Trustee, who was appointed to the Council on 1 December 2021, had significant influence over a Patron, EDF, whose contribution to the Council was valued at £80,000.” — page 63
“One Trustee, who was appointed on 23 October 2023, had control over a Patron, KAPSARC, whose contribution to the Council was valued at £46,875.” — page 63
“WEC Services Limited (WSL), the trading subsidiary, was incorporated on 18 June 2001 and carries out non-charitable trading activities to raise funds on behalf of the Charity.”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Adnan Zahir Mohammed Amin
- Barbara Terenghi
- Burkhard von Kienitz
- Dr Omar Farouk Ibrahim
- Fahad Alajlan
- John Carnegie
- Kim Yin Wong
- Naif Alabbadi
- Naomi Hirose
- Omar Zaafrani
- Professor Claudio Seebach
- Rafael Cayuela
- Thaddeus Anim-Somuah
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £5.8m | £4.4m |
| 31/12/2023 | £2.2m | £3.6m |
| 31/12/2022 | £4.0m | £4.5m |
| 31/12/2021 | £4.0m | £3.9m |
| 31/12/2020 | £4.2m | £4.0m |
Common questions
Is WORLD ENERGY COUNCIL financially healthy?
The accounts state that the charity recorded a net surplus of £1,394,000 for the year ended 31 December 2024, reversing a deficit in the previous year. Per the trustees' report, the charity closed with £1,780,000 in reserves, which is above the stated policy threshold of £1,438,000. The trustees confirmed that the charity remains a going concern with sufficient resources to meet operational commitments. Its FY2024 accounts were audited by Crowe U.K. LLP.