CLEVELAND CLINIC PHILANTHROPY (UK) LTD
The objects of the Charity are, to the extent that the same are exclusively charitable according to the laws of England and Wales, the advancement of health, medical education and research for the benefit of the public and in particular (but without limitation) in supporting The Cleveland Clinic Foundation.
Financial health, per its FY2024 accounts
The accounts state that the charity held free unrestricted reserves of £1,000,619 at year-end, which corresponds to approximately 12 months of unrestricted expenditure, exceeding its policy target of three months. The charity reported total income of £6,863,386 and net income for the year of £975,288, with cash at bank and in hand increasing to £14,034,419. The Trustees confirmed that the ultimate parent entity will continue to support the charity's obligations, allowing it to meet liabilities as they fall due.
What the accounts disclose
“The Trustees aim to maintain unrestricted reserves that are sufficient to cover support costs for at least three months.” — page 6
“During the year the charity received grants of £800,000 (2023: £1,100,000) from its ultimate parent entity, The Cleveland Clinic Foundation.” — page 20
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Dr Serpil Cemile Erzurum MDchair
- DAVID PETER PRITCHARD
- Deborah Coco Gordon
- Dennis Lee Laraway
- JOHN CHESTER BOTTS CBE
- Rola Gordon
- Tommaso Falcone MD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
Per its FY2024 accounts: The accounts state that the charity held free unrestricted reserves of £1,000,619 at year-end, which corresponds to approximately 12 months of unrestricted expenditure, exceeding its policy target of three months. The charity reported total income of £6,863,386 and net income for the year of £975,288, with cash at bank and in hand increasing to £14,034,419. The Trustees confirmed that the ultimate parent entity will continue to support the charity's obligations, allowing it to meet liabilities as they fall due. Its FY2024 accounts were audited by Buzzacott Audit 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
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| NNS FOUNDATION | FY2022 | £2.6m | support advancement of health |
| NNS FOUNDATION | FY2025 | £1.3m | support advancement of health |
| NNS FOUNDATION | FY2024 | £1.3m | |
| NNS FOUNDATION | FY2023 | £1.3m | advancement of health |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 1 | £4.0m |
| NORTH WEST CANCER RESEARCH (INCORPORATING CLATTERBRIDGE CANCER RESEARCH CCR) | 1 | £101k |
| THE EMMANUEL KAYE FOUNDATION | 1 | £30k |
| PHILIP KING CHARITABLE TRUST | 1 | £18k |
| GREENFIELD BAPTIST CHURCH | 1 | £3k |
| THE JENOUR FOUNDATION | 1 | £3k |
Charities like this
- TRUSTEES OF THE LONDON CLINIC LIMITED
- STOCKPORT NHS FOUNDATION TRUST GENERAL FUND
- THE HULL AND EAST YORKSHIRE HOSPITALS HEALTH CHARITY
- WALSALL HEALTHCARE NHS TRUST GENERAL CHARITABLE FUND
- THE SANITA MERALI TRUST
- SHERWOOD FOREST HOSPITALS GENERAL CHARITABLE FUND AND OTHER RELATED CHARITIES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CLEVELAND CLINIC PHILANTHROPY (UK) LTD | £6.9m | — | 0 | above | — | no doubt |
| TRUSTEES OF THE LONDON CLINIC LIMITED | £188.1m | — | — | unclear | — | no doubt |
| STOCKPORT NHS FOUNDATION TRUST GENERAL FUND | £930k | — | 0 | above | — | no doubt |
| THE HULL AND EAST YORKSHIRE HOSPITALS HEALTH CHARITY | £2.4m | — | 0 | unclear | — | no doubt |
| WALSALL HEALTHCARE NHS TRUST GENERAL CHARITABLE FUND | £315k | — | 0 | unclear | — | no doubt |
| THE SANITA MERALI TRUST | £1.0m | — | 0 | unclear | — | no doubt |