Charity Accounts Intelreading the accounts so you don’t have to

CLEVELAND CLINIC PHILANTHROPY (UK) LTD

Registered charity 1188616 · accounts filings on the Charity Commission register

Latest income
£6.9m
Latest spending
£5.9m
Registered
2020
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity held free unrestricted reserves of £612,210 at the end of the year, which corresponds to approximately seven months of unrestricted expenditure. This figure is above the charity's stated policy target of maintaining reserves sufficient to cover support costs for at least three months. The charity reported total incoming resources of £7,467,021 and net income of £3,950,500 for the year ended 31 December 2023.

What the accounts disclose

Reserves policy: three months of unrestricted expenditure (held: £612k)
“The Trustees aim to maintain unrestricted reserves that are sufficient to cover support costs for at least three months.” — page 6
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: The charity received grants of £1,100,000 (2022: £1,000,000) from its ultimate parent entity, The Cleveland Clinic Foundation.
“During the year the charity received grants of £1,100,000 (2022: £1,000,000) from its ultimate parent entity, The Cleveland Clinic Foundation. During the current year and prior year, no related party transactions took place outside of that group.” — page 20
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Buzzacott LLP.

Year-over-year changes

Comparing this charity’s FY2022 and FY2023 accounts as analysed by this site.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£6.9m
Total spending
£5.9m
Cost of raising funds
£869k
Reserves (reported)
£1.0m
Employees
1

Reported reserves equal ~2.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Throughout England

Income and spending

Financial year endIncomeSpending
31/12/2024£6.9m£5.9m
31/12/2023£7.5m£3.5m
31/12/2022£7.1m£1.1m
31/12/2021£1.8m£781k
31/12/2020£250k£349k

Common questions

Is CLEVELAND CLINIC PHILANTHROPY (UK) LTD financially healthy?

The accounts state that the charity held free unrestricted reserves of £612,210 at the end of the year, which corresponds to approximately seven months of unrestricted expenditure. This figure is above the charity's stated policy target of maintaining reserves sufficient to cover support costs for at least three months. The charity reported total incoming resources of £7,467,021 and net income of £3,950,500 for the year ended 31 December 2023. Its FY2023 accounts were audited by Buzzacott LLP.

Who funds CLEVELAND CLINIC PHILANTHROPY (UK) LTD?

Funders whose own accounts filings name CLEVELAND CLINIC PHILANTHROPY (UK) LTD as a grant recipient include NNS FOUNDATION.

Known funders

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

FunderYearAmount
NNS FOUNDATIONFY2022£2.6m
NNS FOUNDATIONFY2024£1.3m
NNS FOUNDATIONFY2023£1.3m

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
RAISING HEALTH1£386k
THE CARLTON HAYES MENTAL HEALTH CHARITY1£220k
THE SIR BERNARD & LADY SCHREIER FOUNDATION1£3k
R. DAPHNE PLUNKET CHARITABLE TRUST1£400

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE HULL AND EAST YORKSHIRE HOSPITALS HEALTH CHARITY.