Audit report on the financial statements as of December 31st, 2023

The audit by Mazars Austria GmbH concludes that SEforALL's 2023 financial statements present a true and fair view of its financial position in accordance with Austrian Generally Accepted Accounting Principles. The organization reported a total income of $94.1 million, with significant expenditures in personnel ($16 million) and consultancy fees ($9.8 million). The audit found no material weaknesses in internal controls or doubts regarding the organization's ability to continue as a going concern.

• The auditor issued an unqualified opinion, stating that the financial statements for the fiscal year from January 1st, 2023 to December 31st, 2023 were prepared in accordance with legal regulations and present fairly the assets, financial position, and financial performance of the organisation.
• SEforALL's total income for 2023 was $94.1 million, consisting of $7.9 million in donor income and $86.2 million in brought forward deferred income.
• Personnel expenses rose to $16 million in 2023, compared to $8.7 million in 2022, driven by new recruitments required by donor agreements and a new Job & Career Framework.
• Consultancy fees totaled $9.8 million in 2023, supporting data capacity for SDG7, carbon market assessments, integrated energy plans, and a hospital electrification project in Sierra Leone.
• The organisation disbursed $5 million in grants in 2023 through the Results-Based Financing Facility for the Universal Energy Facility (UEF), a significant increase from $0.4 million in 2022.
• Legal fees increased to $1.4 million in 2023, covering institutional capacity building, the Universal Energy Facility (UEF) framework, and EPC contracts for projects in Sierra Leone (Hospital Electrification and BETMAI).
• The audit found no evidence of material weaknesses in internal controls, no material offences by employees or legal representatives against Austrian law, and no doubt regarding the organisation's ability to continue as a going concern.
• SEforALL recognized $0.38 million in in-kind contributions in 2023, including $0.14 million from Iceland for staff secondment, $0.23 million from the United Arab Emirates for the COP28 Pavilion, and $0.003 million from the UNDP for office space in Abuja.
• The organisation's staffing levels increased to an average of 101 occupied positions in 2023, up from 88 in 2022.

APA

Sustainable Energy for All (n.d.). Audit report on the financial statements as of December 31st, 2023. https://www.seforall.org/system/files/2024-09/SEforALL%20Audited%20Report%20and%20Financial%20Statements%20FY2023.pdf

Chicago

Sustainable Energy for All. Audit report on the financial statements as of December 31st, 2023. n.d. https://www.seforall.org/system/files/2024-09/SEforALL%20Audited%20Report%20and%20Financial%20Statements%20FY2023.pdf.

Wikipedia

{{cite report |author=Sustainable Energy for All |title=Audit report on the financial statements as of December 31st, 2023 |url=https://www.seforall.org/system/files/2024-09/SEforALL%20Audited%20Report%20and%20Financial%20Statements%20FY2023.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{sustainableenergyforallndaudit, author = {{Sustainable Energy for All}}, title = {{Audit report on the financial statements as of December 31st, 2023}}, institution = {Sustainable Energy for All}, url = {https://www.seforall.org/system/files/2024-09/SEforALL%20Audited%20Report%20and%20Financial%20Statements%20FY2023.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }