Finance Score: 4

Governance Score: 6

Support Score: 2

Excess liquidity: -1
Strong growth: +2
Fundraising costs low: +3

Dynamic board: +3
Gender balanced board: +3

Grant maker support: +2

Overall GiG Score: 12

COBALT HEALTH

The Charity works, in collaboration with the National Health Service and other bodies, to prevent, detect, diagnose and treat or alleviate cancers and other life limiting disease/injury. It does this by providing:1) funding to support local NHS oncological and allied services2) a Cancer Prevention and Education Service3) an MRI scanning service4) a PET-CT service5) funding of research

Analysis by Giving is Great

Positives:

The charity has received modest backing from a grant maker recently
There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

One or more trustees receive payments or benefits from the charity for providing services to the charity
Over half the Board have joined recently

Financial issues to consider:

Liquidity appeared to be in excess of CC guidelines at the latest year end especially considering the historic stability of income

Established: 22 years

www.cobalthealth.co.uk

accounts@cobalthealth.co.uk

01242535906

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£26,843	£25,929	£914	£345	£33,432	£33,432	15.5	161	200
31/03/22		£22,884	£19,952	£2,932	£292	£32,518	£32,353	19.5	131	200
31/03/21		£21,675	£14,872	£6,803	£281	£29,586	£29,558	23.8	117	200
31/03/20		£13,750	£12,815	£935	£364	£22,784	£22,755	21.3	102	200
31/03/19		£11,786	£10,894	£892	£385	£21,849	£21,629	23.8	95	200
31/03/18		£10,605	£9,605	£1,000	£348	£20,957	£20,906	26.1	91	0
31/03/17		£9,840	£8,628	£1,212	£328	£19,958	£19,945	27.7	84	0
31/03/16	*	£8,770	£7,824	£946	£364	£18,746	£18,733	28.7	73	0
31/03/15		£8,201	£7,240	£961	£355	£17,820	£17,814	29.5	61	0
31/03/14		£7,893	£6,856	£1,036	£415	£16,859	£16,859	29.5	60	0
31/03/13		£6,424	£6,445	£-21	£374	£15,822	£15,822	29.5	47	0
31/03/12		£6,062	£5,751	£310	£339	£15,843	£15,843	33.1	51	0
31/03/11		£5,220	£5,207	£13	£320	£15,406	£15,406	35.5	45	0
31/03/10		£6,481	£5,010	£1,471	£319	£15,393	£15,393	36.9	43	0
31/03/09		£5,025	£4,862	£162	£323	£13,919	£13,919	34.4	43	0
31/03/08		£4,907	£5,248	£-341	£354	£13,635	£13,635	31.2	45	0
31/03/07		£4,725	£4,218	£507	£276	£13,712	£13,712	39	42	0
31/03/06		£4,365	£3,249	£1,116	£0	£0	£0	n/a	0	0
05/04/05		£4,026	£3,411	£616	£0	£0	£0	n/a	0	0
05/04/04		£3,824	£2,845	£979	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 1.3%
Fundraising Costs/Total Spending: 1.3%
Senior Staff Costs/Total Spending: 7%
Highest pay band: £150,000-£200,000
Liabilities/Assets: 12%
Liabilities/Income: 16%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 15.5 months
Net Current Assets/Spending: 4 months
Quick Ratio: 1.1

Asset Split ?

What it does

Education/Training
The Advancement Of Health Or Saving Of Lives

Who works here?

161 employees
200 volunteers

Who it helps

The General Public/Mankind

How it operates

Makes Grants to Organisations
Other charitable activities
Provides buildings/facilities/open space
Provides services
Sponsors or undertakes research

Where it operates

Throughout England And Wales,

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Garfield Weston Foundation - Main Grants award
£25,000	26/08/2022	Digital PET/CT: Pioneering Innovation in Medical Imaging
Garfield Weston Foundation - Main Grants award
£20,000	07/03/2019	Gloucestershire Breast Cancer Equipment Appeal

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

Gender Split

Age Range of Trustees: 54-78

CLAIRE MORRIS Appointed: 2022, Occupation: Lawyer

DR FELICITY JENKINS Appointed: 2023, Occupation: Consultant Breast Radiologist

DR JANET ROPNER Appointed: 2019, Occupation: Retired

DR VALERIE JANE UDALE Appointed: 2020, Occupation: Financial Consultant

MATTHEW NICHOLAS JONES Appointed: 2023, Occupation: Chief Operating Officer

PAMELA SISSONS Appointed: 2022, Occupation: Company Secretary

PHILIP JAMES LEONARD (Chair) Appointed: 2023, Occupation: Healthcare Consultant

PROF GORDON KEITH WILCOCK Appointed: 2024, Occupation: Retired University Professor

RUTH ELAINE GODDARD Appointed: 2020, Occupation: Finance Director

Legal constitution

Charitable company registered in England & Wales on 26/02/2002, number: 1090790
Registered at Companies House on 04/02/2002, number: 04366596

Gift Aid

Registered with HMRC for Gift Aid

Other Regulators

Care Quality Commission

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

20 returns made; AR16: 1 days late,

Recent reorganisation events:

Asset transfer in from THE ALBERT EDWARD PASH CHARITABLE TRUST FUND on 17/08/2021

Main office

Cobalt Health
Linton House Clinic
Thirlestaine Road
CHELTENHAM
GL53 7AS

Objectives

THE OBJECTS OF THE CHARITY ARE : 1. THE DETECTION, DIAGNOSIS, TREATMENT AND PREVENTION OF SICKNESS, IN PARTICULAR CANCER, IN PERSONS LIVING IN GLOUCESTERSHIRE, HEREFORDSHIRE, WORCESTERSHIRE AND THE WEST MIDLANDS, AND SUCH OTHER AREAS OF GREAT BRITAIN AND BY SUCH MEANS AS THE TRUSTEES MAY FROM TIME TO TIME DECIDE, INCLUDING THE PROVISION AND MAINTENANCE OF EQUIPMENT; AND 2. TO PROVIDE OR ASSIST IN THE PROVISION OF EDUCATION AND RESEARCH INTO METHODS OF DETECTION, DIAGNOSIS, TREATMENT AND PREVENTION OF SICKNESS, IN PARTICULAR CANCER AND PUBLICATION OF ANY USEFUL RESULTS.

Defined Area of Benefit:

GLOUCESTERSHIRE, HEREFORDSHIRE, WORCESTERSHIRE AND THE WEST MIDLANDS, AND SUCH OTHER AREAS OF GREAT BRITAIN AS THE TRUSTEES MAY FROM TIME TO TIME DECIDE.

Data Sources