Audit report on the financial statements

The audit report by Mazars Austria GmbH concludes that the financial statements of Sustainable Energy for All (SEforALL) for the 2022 fiscal year were prepared in accordance with Austrian Generally Accepted Accounting Principles and the Austrian Association Act. The organization's total assets grew significantly to $87.1 million from $26.5 million in 2021, primarily driven by an increase in donor income to $80.9 million. The auditors found no material weaknesses in internal controls and no substantial doubt regarding the organization's ability to continue as a going concern. Key expenditures in 2022 included $8.7 million for personnel, $6.6 million for consultancy fees supporting projects in Sierra Leone and Malawi, and $2.3 million for events and communications, including the SEforALL Forum in Kigali.

• The auditors issued an unqualified opinion, stating that the financial statements for the fiscal year ending December 31, 2022, present fairly the assets, financial position, and financial performance of the organization.
• Total assets for SEforALL increased from $26,454,069 on December 31, 2021, to $87,117,840 on December 31, 2022.
• Donor income rose sharply to $80,865,264 in 2022, compared to $14,253,396 in 2021.
• The organization reported a total income of $107,857,461 for 2022, with $86,177,633 recognized as deferred income.
• Personnel expenses totaled $8.7 million in 2022, an increase from $7.0 million in 2021, attributed to higher headcount and a new Job & Career Framework.
• Consultancy fees reached $6.6 million in 2022, supporting data capacity for SDG7 and specific projects including hospital electrification in Sierra Leone and an integrated energy plan for Malawi.
• Travel expenditures increased to $1.4 million in 2022 from $0.1 million in 2021, due to the end of COVID-19 restrictions and participation in events like the SEforALL Forum in Kigali, COP27, UNGA, and G20.
• The organization recognized $1.03 million in in-kind contributions in 2022, primarily from IBM for consultancy services ($0.98 million).
• SEforALL disbursed its first grants totaling $0.4 million from the Results-Based Financing Facility for the Universal Energy Facility (UEF) in 2022.
• The auditors found no evidence of material weaknesses in internal controls or any facts suggesting the organization cannot continue as a going concern.

APA

Sustainable Energy for All (n.d.). Audit report on the financial statements. https://www.seforall.org/system/files/2023-08/Financial%20Audit%20Report%202022.pdf

Chicago

Sustainable Energy for All. Audit report on the financial statements. n.d. https://www.seforall.org/system/files/2023-08/Financial%20Audit%20Report%202022.pdf.

Wikipedia

{{cite report |author=Sustainable Energy for All |title=Audit report on the financial statements |url=https://www.seforall.org/system/files/2023-08/Financial%20Audit%20Report%202022.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{sustainableenergyforallndaudit, author = {{Sustainable Energy for All}}, title = {{Audit report on the financial statements}}, institution = {Sustainable Energy for All}, url = {https://www.seforall.org/system/files/2023-08/Financial%20Audit%20Report%202022.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }