Registered number
08815283
Association for Simulated Practice in Healthcare
Filleted Accounts
31 December 2023
Association for Simulated Practice in Healthcare
Registered number: 08815283
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 5 46,914 60,797
Cash at bank and in hand 142,731 104,599
189,645 165,396
Creditors: amounts falling due within one year 6 (5,782) 18,850
Net current assets 183,863 184,246
Net assets 183,863 184,246
Capital and reserves
General funds 183,863 184,246
Total funds 183,863 184,246
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Michael J Morrow
Director
Approved by the board on 19 June 2024
Association for Simulated Practice in Healthcare
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Income
Income comprises revenue recognised by the company in respect of income from members, conference delegates and funding organisations. Any designated funds received will be accounted for separately for a specific purpose from the general funds of the Association.
2 Operating Surplus
During the period, no director received any emoluments. Surplus funds will enable ASPiH to continue it's objectives and are in a strong position to pursue for the foreseeable future.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
4 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 8,500
At 31 December 2023 8,500
Amortisation
At 1 January 2023 8,500
At 31 December 2023 8,500
Net book value
At 31 December 2023 -
The website has been written off in equal annual instalments over its estimated economic life of 5 years.
5 Debtors 2023 2022
£ £
Trade debtors 46,540 60,797
Other debtors 374 -
46,914 60,797
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 13,664 7,813
Taxation and social security costs (9,081) (27,663)
Other creditors 1,199 1,000
5,782 (18,850)
7 Controlling party
8 Other Information
Association for Simulated Practice in Healthcare (ASPiH) is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. ASPiH is registered in England, registration 08815283. The registered address is:-
C/O Executinve Business Support Ltd
City Wharf
Davidson Road
Lichfield, Staffs
WS14 9DZ
9 Other matters
2023 has proven to be yet another financially successful year for ASPiH. Following the challenging pandemic years where it proved impossible to deliver our annual conferences in person, the success of the Brighton conference in November 2023 served to demonstrate that ASPiH is essentially a membership organisation; the opportunity to share ideas and experiences, collaborate on novel research projects and develop new areas of practice is fundamental to the financial stability of the Association as well as the development of simulation in the UK and more widely.

2023 saw an increase to 18 in the number of members of the ASPiH Executive Committee. This planned expansion occurred in response to the growing workload and breadth of activity of the committee, as the Association continues to grow and develop. The revised ASPiH Standards (2023) took up much time and effort and they received a lot of positive feedback upon their publication in November, leading directly to the signing of several new affiliations with other global organisations. ASPiH continues to explore novel methods to support our membership, examples of which includes the inaugural ASPiH Research Grants that will be made available to members during 2024 as well as enhanced support to help grow and support our popular simulation interest groups.

ASPiH will celebrate it's 15th Anniversary in 2024 and plans are well underway to celebrate this event with ASPiH's largest and most exciting conference yet. This event promises to attract a record number of delegates and industry colleagues to the Edinburgh International Conference Centre in November and will help increase the visibility of the Association on the national and international scene.

The ASPiH directors and executive committee will continue to focus on controlling operating costs and ensure safeguards are in place to guarantee the ongoing financial stability of the Association. The planned review of our business support services contract during 2024 will be a significant undertaking and will inevitably lead to an increase in expenditure on secretariat and conference management services in view of the recent high inflation environment. The ASPiH board are committed to ensuring the process is delivered in as seamless and cost-effective fashion as possible, whilst ensuring the Association's activities are managed in a proactive and professional manner.
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