Charity registration number 1024543
Company registration number 02837084 (England and Wales)
ANSWERS IN GENESIS UK/EUROPE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
ANSWERS IN GENESIS UK/EUROPE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
R C Beckett
S C Burgess
K A Ham
A C McIntosh
D E Campbell
M Iles
(Appointed 9 November 2023)
Charity number
1024543
Company number
02837084
Principal address
Unit 1
16 Morris Road
Leicester
LE2 6BR
Registered office
167 London Road
Leicester
LE2 1EG
Independent examiner
Philip John Dymond FCCA
Cheyette Ltd
167 London Road
Leicester
LE2 1EG
ANSWERS IN GENESIS UK/EUROPE
CONTENTS
Page
Trustees' report
1 - 3
Independent examiner's report
4
Statement of financial activities
5
Balance sheet
6
Notes to the financial statements
7 - 16
ANSWERS IN GENESIS UK/EUROPE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 30 June 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (published in October 2019).

Objectives and activities

The charitable company's objects are to promote the belief in the Biblical record of creation, showing it to be foundational to Christian belief. This is achieved through four principal aims:

The charity undertakes the following activities for achieving objectives:

The charity operates the UK ministry Answers in Genesis UK/Europe.

The trustees, having regard to the guidance issued, confirm that the public benefit of the charity is found in advancing the Christian religion through promoting, by all means of communication, belief in the whole of the Bible and in particular, the creation of the universe by God. The charity actively raises awareness and understanding amongst Christians and non-Christians of creation and the God behind it, using up to date scientific evidence as well as biblical evidence. A significant range of resources (layman and technical) are available to the public (adults and children), through books, DVDs, website and radio and television programmes and interviews. Meetings and conferences, which are open to all, are regularly held throughout the United Kingdom, when permitted.

The charitable company is most grateful for the many volunteer hours expended by helpers at events and at the main office and warehouse in Leicester.

Achievements and performance

48 meetings were held in England, Scotland, Wales and Northern Ireland, plus the Netherlands and Switzerland. These covered a full variety of topics including relevance of Genesis, creation apologetics, the Bible, design, dinosaurs, science, atheism and social issues (e.g. the family, racism, climate change and identity), etc.

ANSWERS IN GENESIS UK/EUROPE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -

Highlights include:

 

Additional notes of significance:

Financial review

During the year ended 30th June 2024, the trustees continued to actively manage the financial position; during the year the charitable company incurred a general fund surplus of £61,033 (2023 - deficit £21,511). At the year end the total reserves of the charity were £316,814 (2023 - £255,781), none of which were restricted, being the equivalent of approximately 12 months operating costs, ensuring that the charitable company complied with the current reserves policy.

Income, expenditure and cash flow have been monitored monthly. The trustees and staff have worked proactively and with some vigour to reduce costs and maintain income. The organisation is in a good position financially to enter the next financial year.

A realistic Business Plan was in place for the year ended 30th June 2024 and has been monitored against monthly reported figures in order that any deviations can be identified in a timely manner and acted upon. The trustees are aware of the need, particularly in the current financial climate, to be prudent and regularly review measures to contribute to the financial stability of the charitable company. Reserves should be more than adequate to cover any short term increase in expenditure that this will entail.

It is the policy of the charitable company that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charitable company’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the charitable company is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The entity, which is also known as Answers in Genesis, is a charitable company limited by guarantee and is governed by its Memorandum and Articles of Association.

ANSWERS IN GENESIS UK/EUROPE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

R C Beckett
S C Burgess
K A Ham
A C McIntosh
P E Salmon
(Resigned 9 November 2023)
D E Campbell
M Iles
(Appointed 9 November 2023)

The trustees may appoint any person who is willing to act to be a trustee of the charitable company. Trustees appointed during the year shall hold office until the next Annual General Meeting of the charitable company or for another period as specified (up to a maximum of two years) and shall be eligible for re-election at the appropriate AGM.

 

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Organisation

The board of trustees must consist of a minimum of three members but is not subject to any maximum. The board meets quarterly and on such other occasions as shall be deemed necessary to ensure the effective functioning of the charity. Regular communication amongst all trustees is maintained between board meetings.

Potential trustees are usually invited to attend board meetings and participate in the running of the charity for a period of six to twelve months prior to being approved for appointment as trustees. In addition, new trustees are invited and encouraged to attend a series of short training sessions to familiarise themselves with the charity and the context within which it operates. These sessions relate to the following:

 

A question and answer pack is available drawing on information from the various Charity Commission publications signposted through the Commission's guide "the Essential Trustee" as a follow up to these sessions. This is distributed to all new trustees along with the Memorandum and Articles of Association and the latest financial statements.

This Report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006.

The trustees' report was approved by the Board of Trustees.

R C Beckett
Dated: 11 March 2025
ANSWERS IN GENESIS UK/EUROPE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ANSWERS IN GENESIS UK/EUROPE
- 4 -

I report to the trustees on my examination of the financial statements of Answers in Genesis UK/Europe (the charitable company) for the year ended 30 June 2024.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Philip John Dymond FCCA
Cheyettes Ltd
167 London Road
Leicester
LE2 1EG
Dated: 12 March 2025
ANSWERS IN GENESIS UK/EUROPE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
2
266,498
25,000
291,498
169,704
-
169,704
Charitable activities
3
60,421
-
60,421
67,272
-
67,272
Investments
4
2,188
-
2,188
675
-
675
Total income
329,107
25,000
354,107
237,651
-
237,651
Expenditure on:
Charitable activities
5
267,217
25,000
292,217
259,116
6,667
265,783
Other expenditure
9
857
-
857
46
-
46
Total expenditure
268,074
25,000
293,074
259,162
6,667
265,829
Net income/(expenditure) and movement in funds
61,033
-
61,033
(21,511)
(6,667)
(28,178)
Reconciliation of funds:
Fund balances at 1 July 2023
255,781
-
255,781
277,292
6,667
283,959
Fund balances at 30 June 2024
316,814
-
316,814
255,781
-
255,781

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

ANSWERS IN GENESIS UK/EUROPE
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 6 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
11
5,424
6,626
Current assets
Stocks
12
38,022
38,326
Debtors
13
15,961
12,135
Cash at bank and in hand
294,291
219,226
348,274
269,687
Creditors: amounts falling due within one year
14
(36,884)
(20,532)
Net current assets
311,390
249,155
Total assets less current liabilities
316,814
255,781
The funds of the charitable company
Unrestricted funds
18
316,814
255,781
316,814
255,781

The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2024. No member of the charitable company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the 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 charitable company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These 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 trustees on 11 March 2025
R C Beckett
Company registration number 02837084 (England and Wales)
ANSWERS IN GENESIS UK/EUROPE
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
1
Accounting policies
Charity information

Answers in Genesis UK/Europe is a private company limited by guarantee incorporated in England and Wales. The registered office is 167 London Road, Leicester, LE2 1EG.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charitable company's memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (issued in October 2019). The charitable company is a Public Benefit Entity as defined by FRS 102.

 

The charitable company has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charitable company.
1.4
Incoming resources
Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
ANSWERS IN GENESIS UK/EUROPE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 8 -
1.5
Resources expended

Expenditure is included in the Statement of Financial Activities on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be attributed directly to particular headings they have been allocated to activities on a basis consistent with use of the resources.

 

Expenditure on charitable activities relates to the direct costs associated with merchandising income, which is recognised when the associated sale is made.

 

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% per annum on a reducing balance basis
Fixtures and fittings
15% per annum on a reducing balance basis
Computers
25% per annum on a reducing balance basis
Vehicles
25% per annum on a reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

1.9
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10
Financial instruments

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

ANSWERS IN GENESIS UK/EUROPE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 9 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.

1.11
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Donations and legacies
Unrestricted
Restricted
Total
Total
funds
funds
2024
2024
2024
2023
£
£
£
£
Donations and gifts
199,430
25,000
224,430
156,920
Legacies receivable
55,763
-
55,763
200
Refund of tax (Gift Aid)
11,305
-
11,305
12,584
266,498
25,000
291,498
169,704
For the year ended 30 June 2023
169,704
-
169,704
ANSWERS IN GENESIS UK/EUROPE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 10 -
3
Charitable activities
Unrestricted
Total
funds
2024
2023
£
£

Literature sales

34,297
33,321

Audio visual sales

7,549
13,642

Subscriptions

10,621
11,408

Conference income

-
1,639
Other income
7,954
7,262
60,421
67,272
4
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
2,188
675
ANSWERS IN GENESIS UK/EUROPE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 11 -
5
Charitable activities
Unrestricted
Total
funds
2024
2023
£
£
Direct costs:
Staff costs
152,313
128,506
Depreciation
1,400
1,456

Purchasing and merchandising costs

58,373
57,406

Conference costs

-
1,033
Support costs:

Lease of land and buildings

19,360
16,500

Printing, postage, stationery and IT costs

19,441
20,352

Other office management costs

20,844
18,893

Motor, travel and subsistence

2,129
2,912

Other allocated costs

12,831
11,870

Legal and professional

533
503

Independent examiner's fees

2,161
2,149

Bank charges

2,832
4,203
292,217
265,783
Analysis by fund
Unrestricted funds
267,217
259,116
Restricted funds
25,000
6,667
292,217
265,783
6
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
1,400
1,456
Loss on disposal of tangible fixed assets
857
46
7
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year.

Two trustees were reimbursed for travel and subsistence expenses during the year of £1,014 (2023 - £814).

ANSWERS IN GENESIS UK/EUROPE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 12 -
8
Employees
Number of employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Management and administration
4
5
Employment costs
2024
2023
£
£
Wages and salaries
138,399
117,496
Social security costs
8,373
6,412
Other pension costs
5,541
4,598
152,313
128,506
There were no employees whose annual remuneration was £60,000 or more.
9
Other
Unrestricted
Total
funds
2024
2023
£
Net loss on disposal of tangible fixed assets
857
46
10
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

ANSWERS IN GENESIS UK/EUROPE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 13 -
11
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Vehicles
Total
£
£
£
£
£
Cost
At 1 July 2023
9,678
17,063
8,918
15,658
51,317
Additions
-
992
61
-
1,053
Disposals
(1,352)
(5,168)
(103)
-
(6,623)
At 30 June 2024
8,326
12,887
8,876
15,658
45,747
Depreciation and impairment
At 1 July 2023
9,487
15,230
5,197
14,776
44,690
Depreciation charged in the year
17
234
929
220
1,400
Eliminated in respect of disposals
(1,275)
(4,405)
(87)
-
(5,767)
At 30 June 2024
8,229
11,059
6,039
14,996
40,323
Carrying amount
At 30 June 2024
97
1,828
2,837
662
5,424
At 30 June 2023
191
1,833
3,720
882
6,626

 

12
Stocks
2024
2023
£
£
Finished goods and goods for resale
38,022
38,326
13
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
404
Other debtors
4,044
4,121
Prepayments and accrued income
11,917
7,610
15,961
12,135
ANSWERS IN GENESIS UK/EUROPE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 14 -
14
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Other taxation and social security
3,169
1,576
Deferred income
15
19,516
-
Trade creditors
1,284
2,408
Other creditors
-
1,114
Accruals
12,915
15,434
36,884
20,532
15
Deferred income
2024
2023
£
£
Other deferred income
19,516
-

Deferred income is included in the financial statements as follows:

2024
2023
£
£
Deferred income is included within:
Current liabilities
19,516
-
Movements in the year:
Deferred income at 1 July 2023
-
-
Resources deferred in the year
19,516
-
Deferred income at 30 June 2024
19,516
-
16
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
5,541
4,598

The charitable company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

ANSWERS IN GENESIS UK/EUROPE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 15 -
17
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds
Balance at
1 July 2022
Resources expended
Balance at
1 July 2023
Incoming resources
Resources expended
Balance at
30 June 2024
£
£
£
£
£
£
Answers in Genesis US
6,667
(6,667)
-
25,000
(25,000)
-
6,667
(6,667)
-
25,000
(25,000)
-

All restricted funds are held for the charitable company’s primary objectives and have arisen for the following specific purposes:

Answers in Genesis US: relates to support provided to assist funding salaries.

18
Designated funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

Movement in funds
Movement in funds
Balance at
1 July 2022
Incoming resources
Resources expended
Balance at
1 July 2023
Incoming resources
Balance at
30 June 2024
£
£
£
£
£
£
Building Fund
4,500
240
(4,740)
-
-
-
4,500
240
(4,740)
-
-
-

The Building Fund consists of donations set aside by the Trustees to cover costs for a potential move to a new building.

19
Analysis of net assets between funds

Unrestricted

Restricted

Total
Total
2024
2024
2024
2023
£
£
£
£
Fund balances at 30 June 2024 are represented by:
Tangible assets
5,424
-
5,424
6,626
Current assets/(liabilities)
311,390
-
311,390
249,155
316,814
-
316,814
255,781
ANSWERS IN GENESIS UK/EUROPE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 16 -
20
Operating lease commitments

At the reporting end date the charitable company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024
2023
£
£
Within one year
23,329
5,808
Between two and five years
19,575
5,025
42,904
10,833
21
Related party transactions
Transactions with related parties

During the year the charitable company entered into the following transactions with related parties:

A. McIntosh and S. Burgess are trustees of the charitable company for which they have undertaken separate speaking engagements and were paid a total of £550 (2023 - £620).

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