ENERGY INSTITUTE
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £120,000 for the year, with total net assets increasing to £12,205,000. The trustees confirmed that free reserves of £1,295,000 remained above the stated minimum policy level of £800,000, providing confidence in the going concern status. The charity noted it does not engage in fundraising activities, relying instead on membership subscriptions and other trading income.
What the accounts disclose
“Between £190,001-£200,000” — page 18
“Based on the factors noted above, the Council has set a policy level of free reserves with a minimum level of £800,000 to reduce financial risk.” — page 6
“Transactions during the year with EI services Ltd, resulted in an amount due to the Energy Institute totalling £196,000 (2023: due to EI £380,000). Energy Institute raised invoices to EI Services Ltd totalling £95,000 (2023: £115,000) in respect of recharged costs. There are no other related party transactions that require disclosure.” — page 26
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Andrew Brown OBE FEIchair
- Ann Davies FEI
- Cordi O'Hara FEI OBE
- Laura Hardiman CEng FEI
- Laura Sandys CBE FEI
- Lisa Jane Crewdson Rebora FEI
- Manavala Kalyana Sundaram FEI
- Marta Oliveira AMEI
- Natasha Patel FEI
- Simon Virley CB FEI
- Tim Pick MBE FEI
- Victoria Aston AMEI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £10.6m | £10.6m |
| 31/12/2023 | £9.9m | £9.2m |
| 31/12/2022 | £7.7m | £8.0m |
| 31/12/2021 | £7.2m | £7.1m |
| 31/12/2020 | £7.8m | £7.3m |
Common questions
Is ENERGY INSTITUTE financially healthy?
The accounts state that the charity reported a net surplus of £120,000 for the year, with total net assets increasing to £12,205,000. The trustees confirmed that free reserves of £1,295,000 remained above the stated minimum policy level of £800,000, providing confidence in the going concern status. The charity noted it does not engage in fundraising activities, relying instead on membership subscriptions and other trading income. Its FY2024 accounts were audited by HaysMac LLP.
What does the highest-paid employee of ENERGY INSTITUTE earn?
Per its FY2024 accounts, the highest-paid employee was in the £190,001 - £200,000 band.