Association for Simulated Practice in Healthcare

Registered number

08815283

Filleted Accounts

31 December 2024

Association for Simulated Practice in Healthcare
Registered number:		08815283
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Current assets
Debtors	5	83,864			46,914
Cash at bank and in hand		148,063			142,731
		231,927			189,645

Creditors: amounts falling due within one year	6	(16,277)			(5,782)

Net current assets			215,650			183,863

Net assets			215,650			183,863

Capital and reserves
General funds			215,650			183,863

Total funds			215,650			183,863

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 10 September 2025

Association for Simulated Practice in Healthcare
Notes to the Accounts
for the year ended 31 December 2024


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	2024		2023
Number			Number

	Average number of persons employed by the company	0		0


4	Intangible fixed assets			£
	Goodwill:

	Cost
	At 1 January 2024			8,500
	At 31 December 2024			8,500

	Amortisation
	At 1 January 2024			8,500
	At 31 December 2024			8,500

	Net book value
	At 31 December 2024			-

	The website has been written off in equal annual instalments over its estimated economic life of 5 years.


5	Debtors	2024		2023
£			£

	Trade debtors	44,442		46,540
	Other debtors	39,422		374
		83,864		46,914


6	Creditors: amounts falling due within one year	2024		2023
£			£

	Trade creditors	50,350		13,664
	Taxation and social security costs	(47,827)		(9,081)
	Other creditors	13,754		1,199
		16,277		5,782


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:-

	Suite 1, Trinity House
	33a Market Street
	Lichfield, Staffs
	Staffs
	WS13 6LA

9	Other matters

	2024 was another financially successful year for ASPiH. We marked our 15th anniversary with our most successful conference yet, held at the Edinburgh International Conference Centre. This event attracted a record number of delegates and commercial partners, who joined us for three days of education, innovation, and celebration. The strength of the Edinburgh conference demonstrated once again that ASPiH is an organisation driven primarily by its members. The opportunities to share ideas and experiences, collaborate on research projects, and explore new areas of practice are central, not only to the advancement of healthcare simulation in the UK and internationally but also to the continued financial stability of the Association. During 2024, the Executive Committee worked hard to build upon and disseminate the success of the revised ASPiH Standards and to strengthen our sub-committee and Special Interest Group structures. These steps were taken in recognition of the growing workload and breadth of ASPiH's activities as the Association continues to expand. ASPiH also extended its global reach in 2024, formalising several new affiliations with international partner organisations. At the same time, we explored innovative ways to support our members, including the introduction of the ASPiH Portal and the creation of a Corporate Council designed to strengthen engagement with the simulation industry and commercial partners. Looking ahead, the Directors and Executive Committee remain committed to prudent financial management. We will continue to focus on controlling operating costs and ensuring that appropriate safeguards are in pace to secure the Association's financial future. In 2025, a planned review of our website and membership services will represent a significant undertaking and will contribute to increased expenditure on secretariat services. The Executive Committee is committed to ensuring that this investment is managed in a seamless and cost-effective manner, while maintaining the highest standards of professionalism and proactive support for our members. Dr Michael Morrow ASPiH Treasurer