THE OFFICE OF HEALTH ECONOMICS
The Office of Health Economics (OHE) conducts research on health economics and related policy issues that affect health care and the life sciences industries. OHE disseminates its work at conferences and workshops and provides training programmes.
Latest income
£5.3m
Latest spending
£4.8m
Registered
2016
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the group realized a profit of £474,894 for the year ended 31 December 2024, driven by a surplus from its trading subsidiary which transferred profits via Gift Aid. Per the trustees' report, unrestricted reserves stood at £1,567,558, which is below the stated policy target of £1,856,000 (six months of payroll expenditure), though the group continues to work towards this target through budgeted surpluses.
What the accounts disclose
Highest-paid employee band: £350,001 - £360,000 — above the 90th percentile for charities its size (median £70k)
“In the band £350,001 - £360,000” — page 180
Per its FY2024 accounts as filed with the Charity Commission.
Largest income source: Other trading activities (80% of income)
“Other trading activities 4,204,016”
Per its FY2024 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £1.6m; policy: 6 months of payroll expenditure)
“The group's reserves target is 6 months of payroll expenditure. For 2025, that would be a target of £1,856,000. the group continue to work towards this by preparing a budget that delivers a 5% surplus to steadily increase the total reserves” — page 157
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: A Charlesworth received £13,606; M Kyle received £12,864.
“Two Trustees (2023: Two) received fees for services during the period. Details of Trustees' fees, expenses and related party transactions are disclosed in Note 8 to the financial statements.” — page 158
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 17
“During the period the company received research grants totalling £150,000 (2023 - £200,000) from the ABPI. During the period, the group and company incurred support costs totalling £443,280 and £208,350 respectively (2023 - £368,280 and £106,285), which were recharged by the ABPI” — page 185
“During the period two Trustees received fees for services totalling £26,470 (2023 - £26,555) (refer to Note 8 for details). At the balance sheet date, no amount (2023 - £Nil) of this was outstanding.” — page 185
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 17
“During the period the company received research grants totalling £150,000 (2023 - £200,000) from the ABPI. During the period, the group and company incurred support costs totalling £443,280 and £208,350 respectively (2023 - £368,280 and £106,285), which were recharged by the ABPI” — page 185
“During the period two Trustees received fees for services totalling £26,470 (2023 - £26,555) (refer to Note 8 for details). At the balance sheet date, no amount (2023 - £Nil) of this was outstanding.” — page 185
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 19
“During the period the company received research grants totalling £150,000 (2023 - £200,000) from the ABPI. During the period, the group and company incurred support costs totalling £443,280 and £208,350 respectively (2023 - £368,280 and £106,285), which were recharged by the ABPI” — page 185
“During the period two Trustees received fees for services totalling £26,470 (2023 - £26,555) (refer to Note 8 for details). At the balance sheet date, no amount (2023 - £Nil) of this was outstanding.” — page 185
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: OHE Consulting Limited
“The Office of Health Economics wholly owns OHE Consulting Limited, which carries out consulting work for third parties. Its profits fund our research and charity activities.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
In the news
- Office of Health Economics warns that contract margin write-off could be too low - pharmaceutical-journal.com
- The Office of Health Economics: Adult Vaccination Programmes Deliver Socio-economic Benefits up to 19 Times Initial Investment, According to New Report
- UK's Office of Health Economics, Takeda Make Case for Improving NGS Test Access in Europe
Leadership, per the charity’s website
- Lotte Steuten — Deputy CEO
Structured financials (annual return, FY ending 31/12/2024)
Total income
£5.3m
Total spending
£4.8m
Reserves (reported)
£1.6m
Employees
36
Trustees
- Anita Rose Charlesworth
- Richard David Torbett
- Rosanna Tarricone
- Thomas Allvin
- Victoria Jordan
- Wubbe Berend Frederik Brouwer
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £5.3m | £4.8m |
| 31/12/2023 | £4.5m | £4.6m |
| 31/12/2022 | £4.4m | £4.1m |
| 31/12/2021 | £4.1m | £3.6m |
| 31/12/2020 | £3.7m | £3.7m |
Common questions
Is THE OFFICE OF HEALTH ECONOMICS financially healthy?
Per its FY2024 accounts: The accounts state that the group realized a profit of £474,894 for the year ended 31 December 2024, driven by a surplus from its trading subsidiary which transferred profits via Gift Aid. Per the trustees' report, unrestricted reserves stood at £1,567,558, which is below the stated policy target of £1,856,000 (six months of payroll expenditure), though the group continues to work towards this target through budgeted surpluses. Its FY2024 accounts were audited by BDO LLP.
What does the highest-paid employee of THE OFFICE OF HEALTH ECONOMICS earn?
Per its FY2024 accounts, the highest-paid employee was in the £350,001 - £360,000 band.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 12/12/2022 | £155k | HEALTH INNOVATION NEXT GENERATION PAYMENT & PRICING MODELS |
| UK government | 12/12/2022 | £113k | HEALTH INNOVATION NEXT GENERATION PAYMENT & PRICING MODELS |
| UK government | 01/04/2022 | £7k | HEALTH INNOVATION NEXT GENERATION PAYMENT & PRICING MODELS |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| COUNTY AIR AMBULANCE TRUST | 1 | £1.0m |
| THE HEALTH FOUNDATION | 1 | £150k |
| MABEL COOPER CHARITY | 1 | £122k |
| ASSOCIATION OF NHS CHARITIES | 1 | £85k |
| THE NUFFIELD FOUNDATION | 1 | £66k |
| ROCKCLIFFE CHARITABLE TRUST | 1 | £55k |
| JOHN LAING CHARITABLE TRUST | 1 | £42k |
| THE J VAN MARS FOUNDATION | 1 | £30k |
Charities like this
- OXFORD ECONOMIC PAPERS ASSOCIATION
- FACULTY OF OCCUPATIONAL MEDICINE
- EUROPEAN ACADEMY OF OCCUPATIONAL HEALTH PSYCHOLOGY
- THE INSTITUTE OF HEALTHCARE ENGINEERING AND ESTATE MANAGEMENT
- EUROPEAN SOCIETY OF ENDOCRINOLOGY
- THE ROYAL ECONOMIC SOCIETY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE OFFICE OF HEALTH ECONOMICS | £5.3m | £350,001 - £360,000 | — | below | — | no doubt |
| OXFORD ECONOMIC PAPERS ASSOCIATION | £217k | — | 0 | unclear | — | no doubt |
| FACULTY OF OCCUPATIONAL MEDICINE | £1.7m | £120,001 - £150,000 | — | unclear | — | no doubt |
| EUROPEAN ACADEMY OF OCCUPATIONAL HEALTH PSYCHOLOGY | £385k | — | 0 | unclear | — | no doubt |
| THE INSTITUTE OF HEALTHCARE ENGINEERING AND ESTATE MANAGEMENT | £1.2m | — | 2 | above | — | no doubt |
| EUROPEAN SOCIETY OF ENDOCRINOLOGY | £3.1m | — | 4 | above | — | no doubt |