WORLD ENERGY COUNCIL
Founded in 1923, the World Energy Council is the only truly global and inclusive forum for thought-leadership and tangible engagement committed to our sustainable energy future. Our network of nearly 100 national committees represents over 3,000 member organizations including governments, industry and expert institutions. We are committed to promoting our sustainable energy future.
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
“Subscription fees 1,603”
“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.”
In the news
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Property (HM Land Registry)
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?
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. Its FY2024 accounts were audited by Crowe U.K. LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MCS CHARITABLE FOUNDATION | 1 | £15k |
| HEREFORDSHIRE COMMUNITY FOUNDATION | 1 | £10k |
| THE PWC FOUNDATION | 1 | £10k |
| CHAPEL & YORK UK FOUNDATION LIMITED | 1 | £9k |
Charities like this
- WPC Energy
- ENERGY INSTITUTE
- OXFORD INSTITUTE FOR ENERGY STUDIES
- THE ENERGY SAVING TRUST FOUNDATION
- THE NATIONAL ENERGY FOUNDATION
- SEVERN WYE ENERGY AGENCY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| WORLD ENERGY COUNCIL | £5.8m | — | — | unclear | — | no doubt |
| WPC Energy | £1.7m | — | — | unclear | — | no doubt |
| ENERGY INSTITUTE | £11.0m | — | — | unclear | — | no doubt |
| OXFORD INSTITUTE FOR ENERGY STUDIES | £3.3m | — | — | above | — | no doubt |
| THE ENERGY SAVING TRUST FOUNDATION | £211k | £60,001 - £70,000 | — | no_policy | — | no doubt |
| THE NATIONAL ENERGY FOUNDATION | £3.4m | — | — | unclear | — | no doubt |