THE OFFICE OF HEALTH ECONOMICS

Charity overview
Activities - how the charity spends its money
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.
Income and expenditure
Data for financial year ending 31 December 2023
Total income:
£4,464,409
Donations and legacies | £211.22k | |
Charitable activities | £697.96k | |
Other trading activities | £3.55m | |
Investments | £9.40k | |
Other | £0 |
Total expenditure:
£4,594,860
Raising funds | £0 | |
Charitable activities | £4.59m | |
Other | £0 |
£0 investments gains (losses)
Total income includes £55,454 from 2 government grant(s)
Charitable expenditure
Charitable expenditure with investment gains
Charitable expenditure
Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.
In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.
Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.
By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.
Raising funds and other expenditure | £0 | |
Charitable expenditure | £4.59m |
People

36 Employee(s)
7 Trustee(s)
Employees with total benefits over £60,000
Number of employees | |
---|---|
£60k to £70k | 5 |
£70k to £80k | 6 |
£80k to £90k | 2 |
£90k to £100k | 1 |
£100k to £110k | 2 |
£140k to £150k | 1 |
£200k to £250k | 1 |
£350k to £400k | 1 |
Fundraising
Trading
Trustee payments
What, who, how, where
- The Advancement Of Health Or Saving Of Lives
- The General Public/mankind
- Provides Services
- Provides Advocacy/advice/information
- Sponsors Or Undertakes Research
- Throughout England And Wales
Governance
- 19 December 2016: Standard registration
No other names
- Conflicting interests
- Risk management
Trustees
Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service
7 Trustee(s)
Name | Role | Date of appointment | Other trusteeships | Reporting status of other trusteeships | ||||
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Thomas Allvin | Trustee | 23 February 2024 |
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Paul Catchpole | Trustee | 04 October 2023 |
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Wubbe Berend Frederik Brouwer | Trustee | 31 March 2022 |
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Wayne Patrick Holmes | Trustee | 31 January 2022 |
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Margaret Kelly Kyle | Trustee | 14 January 2022 |
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Richard David Torbett | Trustee | 01 January 2020 |
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Anita Rose Charlesworth | Trustee | 05 June 2019 |
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Financial history
Financial period end date
Income / Expenditure | 31/12/2019 | 31/12/2020 | 31/12/2021 | 31/12/2022 | 31/12/2023 | ||
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Total gross income | £3.72m | £3.68m | £4.15m | £4.39m | £4.46m | |
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Total expenditure | £3.46m | £3.66m | £3.60m | £4.07m | £4.59m | |
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Income from government contracts | N/A | N/A | N/A | N/A | N/A | |
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Income from government grants | N/A | N/A | N/A | N/A | £55.45k | |
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Income - Donations and legacies | £714.66k | £763.30k | £420.00k | £0 | £211.22k | |
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Income - Other trading activities | £2.36m | £2.34m | £3.38m | £301.45k | £3.55m | |
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Income - Charitable activities | £643.09k | £574.75k | £341.21k | £551.29k | £697.96k | |
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Income - Endowments | £0 | £0 | £0 | £0 | £0 | |
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Income - Investment | £0 | £0 | £0 | £0 | £9.40k | |
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Income - Other | £1.06k | £617 | £72 | £3.53m | £0 | |
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Income - Legacies | £0 | £0 | £0 | £0 | £0 | |
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Expenditure - Charitable activities | £1.69m | £1.61m | £1.09m | £1.65m | £4.59m | |
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Expenditure - Raising funds | £0 | £0 | £2.51m | £0 | £0 | |
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Expenditure - Governance | £0 | £0 | £19.21k | £0 | £2.88m | |
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Expenditure - Grants institution | £0 | £0 | £0 | £0 | £0 | |
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Expenditure - Investment management | £0 | £0 | £0 | £0 | £0 | |
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Expenditure - Other | £1.77m | £2.05m | £0 | £2.43m | £0 |
Assets and liabilities
Definitions for assets and liabilities
These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.
Long term InvestmentsInvestments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.
These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.
Defined benefit pension scheme asset or liabilityThis is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.
Total liabilitiesThese are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.
Asset / Liability | 31/12/2019 | 31/12/2020 | 31/12/2021 | 31/12/2022 | 31/12/2023 | ||
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Own use assets | £0 | £4.53k | £2.32k | £31.79k | £33.12k | |
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Long-term investments | £0 | £1 | £1 | £0 | £1 | |
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Other assets | £1.38m | £943.78k | £1.48m | £2.09m | £1.06m | |
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Defined benefit pension scheme asset or liability | £0 | £0 | £0 | £0 | £0 | |
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Total liabilities | £1.04m | £586.67k | £577.06k | £894.70k | £0 |
Accounts and annual returns
Title | Reporting year | Date received | Received | Download |
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Annual return | 31 December 2023 | 28 October 2024 | On Time | |
Accounts and TAR | 31 December 2023 | 28 October 2024 | On Time | Download Open in new window |
Annual return | 31 December 2022 | 20 February 2024 | 112 days late | |
Accounts and TAR | 31 December 2022 | 20 February 2024 | 112 days late | Download Open in new window |
Annual return | 31 December 2021 | 19 October 2022 | On Time | |
Accounts and TAR | 31 December 2021 | 19 October 2022 | On Time | Download Open in new window |
Annual return | 31 December 2020 | 20 October 2021 | On Time | |
Accounts and TAR | 31 December 2020 | 20 October 2021 | On Time | Download Open in new window |
Annual return | 31 December 2019 | 27 October 2020 | On Time | |
Accounts and TAR |
31 December 2019
(These accounts |
27 October 2020 | On Time | Download Open in new window |
Governing document
It is not the full text of the charity's governing document.
MEMORANDUM AND ARTICLES INCORPORATED 29 OCT 2015 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 06 DEC 2016
Charitable objects
TO ADVANCE THE EDUCATION OF THE PUBLIC IN GENERAL/HEALTH CARE PAYERS/POLICY MAKERS (AND PARTICULARLY PATIENTS AND HEALTHCARE PROFESSIONALS) ON THE SUBJECT OF HEALTH ECONOMICS AND HEALTHCARE POLICY. ACTIVITIES IN FURTHERANCE OF THIS WILL INCLUDE, IN PARTICULAR BUT NOT EXCLUSIVELY: · PROMOTION OF EVIDENCE-BASED HEALTH CARE POLICY, BY CARRYING OUT RESEARCH ON THE ECONOMICS OF HEALTH, HEALTH CARE SYSTEMS AND THE LIFE SCIENCES INDUSTRY; · PROMOTION OF EFFECTIVE AND EFFICIENT USE OF HEALTH CARE RESOURCES, BY ADVANCING THE USE OF ECONOMIC APPROACHES TO SUPPORT DECISION MAKING; AND · THE FACILITATION OF DECISION MAKING AND AWARENESS OF HEALTH CARE POLICY ISSUES, BY ENCOURAGING DEBATE AND DISSEMINATION OF RELEVANT HEALTH ECONOMICS RESEARCH. FOR THE AVOIDANCE OF DOUBT, THE TERMS “HEALTH ECONOMICS” SHALL MEAN THE APPLICATION OF ECONOMIC THEORY, MODELS AND EMPIRICAL TECHNIQUES TO THE ANALYSIS OF DECISION MAKING BY PEOPLE, HEALTH CARE PROVIDERS AND GOVERNMENTS WITH RESPECT TO HEALTH AND HEALTH CARE.
Contact information
- Address:
-
2nd Floor
Goldings House
Hay's Galleria
2 Hay's Lane
London
- Phone:
- 02077478850
- Email:
- info@ohe.org
- Website:
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