REGISTERED NUMBER: 00223374 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

AIPPI United Kingdom

Page

Company Information

1

Report of the Directors

3

Statement of Directors' Responsibilities

4

Income and Expenditure Account

5

Balance Sheet

6

Notes to the Financial Statements

8

DIRECTORS:

T M Cook

K J Tomlinson

A Roughton

P Harris

J Mutimear

J M O Brunner

J M Vleck

P Finnie

M D Pratt

R Vary

S Ashby

D Brook

C Smyth

J Moss

D E Adair

A Ward

M Ridgway

Dr J Short

I M Ireland

Dr E S O'Neill

T J Walklett

T J A Bond

C R Thorogood

L Fortune

SECRETARY:

D E Adair

REGISTERED OFFICE:

Studio 16, Cloisters House

8 Battersea Park Road

London

SW8 4BG

REGISTERED NUMBER:

00223374 (England and Wales)

ACCOUNTANTS:

Sawin & Edwards LLP Chartered Accountants

Studio 16

Cloisters House

8 Battersea Park Road

London

SW8 4BG

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

T M Cook

K J Tomlinson

A Roughton

P Harris

J Mutimear

J M O Brunner

J M Vleck

P Finnie

M D Pratt

R Vary

S Ashby

D Brook

C Smyth

J Moss

D E Adair

A Ward

M Ridgway

Dr J Short

I M Ireland

Dr E S O'Neill

T J Walklett

T J A Bond

C R Thorogood

Other changes in directors holding office are as follows:

C Blythe - resigned 18 September 2024

L Fortune - appointed 18 September 2024

C Morcom QC and J Watts ceased to be directors after 31 December 2024 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

C R Thorogood - Director

4 September 2025

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

INCOME

3

79,113

68,555

Administrative expenses

(80,141

)

(81,085

)

(1,028

)

(12,530

)

Unrealised (loss)/gain on

investments

-

10

OPERATING DEFICIT

(1,028

)

(12,520

)

Income from fixed asset investments

(497

)

1,065

Interest receivable and similar income

315

109

DEFICIT BEFORE TAXATION

(1,210

)

(11,346

)

Tax on deficit

5

(2,960

)

(2

)

DEFICIT FOR THE FINANCIAL YEAR

(4,170

)

(11,348

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(4,170

)

(11,348

)

FIXED ASSETS

Investments

6

-

29,778

CURRENT ASSETS

Debtors

7

251

466

Short term deposits

8

3

46,813

Cash at bank

107,842

38,695

108,096

85,974

CREDITORS

Amounts falling due within one year

9

(29,292

)

(30,913

)

NET CURRENT ASSETS

78,804

55,061

TOTAL ASSETS LESS CURRENT LIABILITIES

78,804

84,839

PROVISIONS FOR LIABILITIES

-

(1,865

)

NET ASSETS

78,804

82,974

RESERVES

Income and expenditure account

78,804

82,974

78,804

82,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

S Ashby - Director

1.	STATUTORY INFORMATION

AIPPI United Kingdom is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The financial statements present information about the company as a single entity.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

Income represents services supplied during the accounting period, subscriptions, income from investments and interest received.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as listed investments, debtors and creditors. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instruments.

Fixed Asset - Investments

Listed investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value, as at the balance sheet date, using the closing quoted market price. Unrealised gains and losses are calculated as the difference between the fair value at the year end and the carrying value.

Debtors and creditors

Basic financial assets and liabilities, including debtors and creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets and liabilities are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash at bank and in hand.

Taxation

The tax expense for the year comprises current tax. Tax is recognised in the income and expenditure account, except that a change attributable to an item of income and expense recognised as other comprehensive income, or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity, respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

- the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.

INCOME

2024

2023

£

£

Subscriptions

72,524

60,766

Lecture income

6,589

7,789

79,113

68,555

Number of

Number of

members

members

Individuals

488

482

Corporate members

15

12

503

494

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5.

TAXATION

Analysis of the tax charge

The tax charge on the deficit for the year was as follows:

2024

2023

£

£

Current tax:

UK corporation tax

4,825

-

Deferred tax

-

2

Reversal of deferred tax

provision

(1,865

)

-

Tax on deficit

2,960

2

6.	FIXED ASSET INVESTMENTS

UK QUOTED INVESTMENTS

2024

2023

£

£

Market Value at 1 January 2024

29,778

29,768

Unrealised profit

-

10

Disposal of investments

(29,778

)

-

Market Value at 31 December 2024

-

29,778

Historic cost as at 31 December 2024

-

28,190

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

-

41

Prepayments and accrued income

251

425

251

466

8.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Short term deposits

3

46,813

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

4,785

-

Other creditors

24,507

30,913

29,292

30,913

10.	RELATED PARTY DISCLOSURES

During the year, three (2023: two) directors were reimbursed £644 (2023: £599) for expenses paid relating to meeting expenses, professional fees, prizes and website costs.