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THE NATIONAL ENERGY FOUNDATION

Registered charity 298951 · accounts filings on the Charity Commission register · also known as NEF RENEWABLES

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Latest income
£3.4m
Latest spending
£4.0m
Registered
1988
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a deficit of £560,063 for the year ended March 2025, primarily due to timing differences in fund receipts. Despite this deficit, the charity holds unrestricted reserves of £3,638,142, which exceeds its stated policy target of £1,200,000, and the trustees confirm adequate resources for future operations.

What the accounts disclose

Reserves policy: at least £1,200,000 (held: £3.6m)
“It is the policy of the Foundation to ensure that unrestricted funds (which have not been designated for a specific purpose) should be maintained at a level of at least £1,200,000, which is approximately 3 months of operation expenses.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Expenditure with Knightley Harrison Ltd, a company directed by G D M Holt, who became a trustee on 8 July 2024. The expenditure was incurred prior to his appointment.
“During the year the NEF incurred expenditure amounting to £44,318 (2024: £Nil) with Knightley Harrison Ltd. The director of this company, G D M Holt, became a trustee of NEF on 8 July 2024. It should be noted that this expenditure was incurred prior to the appointment of G D M Holt as a trustee.” — page 31
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Streets Audit LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£3.4m
Total spending
£4.0m
Reserves (reported)
£3.6m
Employees
88

Reported reserves equal ~10.9 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

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Trustees

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

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£3.4m£4.0m
31/03/2024£5.5m£2.9m
31/03/2023£1.8m£1.4m
31/03/2022£967k£1.0m
31/03/2021£555k£643k

Common questions

Is THE NATIONAL ENERGY FOUNDATION financially healthy?

The accounts state that the charity reported a deficit of £560,063 for the year ended March 2025, primarily due to timing differences in fund receipts. Despite this deficit, the charity holds unrestricted reserves of £3,638,142, which exceeds its stated policy target of £1,200,000, and the trustees confirm adequate resources for future operations. Its FY2025 accounts were audited by Streets Audit LLP.

Who funds THE NATIONAL ENERGY FOUNDATION?

Funders whose own accounts filings name THE NATIONAL ENERGY FOUNDATION as a grant recipient include MCS CHARITABLE FOUNDATION.

Known funders

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

FunderYearAmount
MCS CHARITABLE FOUNDATIONFY2021£15k