Chavlty rogljtrallon number 1188918
STONEWAY CHURCH
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Caladine
Chortered Certified Accountants

STONEWAY CHURCH
LEGAL AND ADMINISTRATIVE INFORMATION
r P F Gr8g8r
Mr B Schneider
MrMRoh
IAppolnt•d 22A￿l 20241
Charlty numhr
1188918
Prfn¢lpal addrg
119 ￿￿don Stra•t
Re8dlng
8$rk8hlre
RG14QA
Ind•p*nd￿t •Mmln•r
John Cal•Jlne FCCA CTA FCIE
C818dlne LIM￿10
Ctranlry Hou88
22 Upp•rton Road
Ea5tboum
E881 Su38
8N2118F
8•nk•r•
CAF Bank Llmlbj
25 ￿n98 trlll Avenu?
Hlll
West Klalllr
Kent
kqE19 4JQ

STONEWAY CHURCH
CONTENTS
Pag•
Tru8tO68' report
Independent 018mln•rfi
st8tsmont olllnonGlal a¢MI88
St•t•m•nt olfinarKlal PO￿￿0Th
Statsmenl of cB$h
Not•J to th• fflmnd818latthn￿II
7-15

STONEWAY CHURCH
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Th¥ Iru$tse$ pr88¢nt thèlr annual r•port and finandal stat•ments IOT the y8ar ended 31 Dgcernber 2023.
The finanaal Btsternents have been yepared ￿ accordancè ￿th the accounting poliaes set out in note 1 to the
rinancial 8t8t8ments and comply the chanty8 Consti¢ution, tho ￿lar￿•S Aci 2011 antl Accnunting and
Rèporbng by Ch8riti8s.' Statement of Recommended Practice ap￿￿ble lo tharilie3 preparlng t￿lT S￿oUn￿ In
aword8n¢e wtth the Finandal Reportlng Standard appllcabk in the UK and Republlc of Irekgnd IFRS 1021"
(effective 1 J8nuary 20191.
Obl•rtlv•* and ACtlvllle•
The charty3 objects are the adVan￿Ment ol th$ Chi1811an 18th In accO￿ar￿A w5th our 8ay18 of Faith. prlmarity, bul
not exclu8fvely, wthln Read￿0 and t￿ surroundiffd nèWjhb￿rhe¢)d.
Th& ch8nty'8 objectiv&8 are the advan(ernent of the Chri3tian fallh in attordan¢e wllh our Ba818 of Fabth, ￿M3￿￿,
but nol axcluslvaly, withln Rèadlno and the surroundlng nolghbcffhoods.
In Ihe year 2023 Stonew8y Chureh conllnu8d to meet together lor worshlp Sunday mornings In Services open lo
CIMrmunlty and hold 8m811 woup moetlngs du(kng the wa•k for sxlmery care and growth for the attendors of the
chureh. Clas88s We￿ held time¥ throu9hwl th• y¢ar lo dlscuss the beliefs and values of th& churth and thelr
blbllcal ba818 for any church attenders inlere818d. Wè also conlinuad lo m8•t monthly together wlth 811 ￿gUlar
attand8è8 01 th8 cthurch fof addltion81 tlrne of *Drshlp, pr8yer and 81bl• Instru¢Yon and lo dlÉcu88 any Immedlale
eonc8rng and n•xi $t8P8 wilhln Ihe church.
W? L%)ndnued wlth Indlvhlu81 avènts d&slgn8d for outreach and se￿[Ce to ts cornrnwily. a¥ g Lunar N8w
Year Party. a klds toslum• mo￿* night and a varfety ol events to watch sports tog8ther and Invlte frlend5. We held
ovr fir8t 3nnbv8r83ry party In thè Sprfny for th• thuTch and frtaThJg wllh food, 98me6 and infiatableB for the khls. The
church held 8 weekly Mond8y night foDlball gBrn• lor frlend8 In th8 0)mmunity and rented pbtshe5 at the unlver81ty
lo hold the flrst annual lootball toumarnent.
W8 hald our $8cond autumn r•treot al Ashbumharn Plac• lor thè ￿n•fil of the attendèès of th8 ehurL* to recefv•
extr8 refreshm8nt, ￿)rshIP and pastoral care. Thls year we added a relTeBt In lh¥ winlgr lor the group boders and
Ihelr $povs¥s to Tr￿1V0 th• sam6 retreat bonofftg wth the &ddilknn ol tr&nlng neo$$ory Its porfom thgr1è8darthlp
respon￿b￿lI110S w¢ll.
We af60 dld addltional tralning for th• ¢hur¢h in gingle d888•8 vAth top1￿ Ir￿lUdIng pr8yor and ralslng Children. Ouo
to the gro￿ In church attendance we B $￿Tal we•k Iw eA)ur8• for young mon In th• church r8gatdlng
topics rglaled to Blbllcal discipleshlp.
Publ￿ benel
The tru¥l8aS h8v• pald due regard lo guidance i$su￿ by Iho Chorfly CommI$8￿n in deadlng what a¢tivltl88 tha
arty Bhould urKlortak•.
Achl•v•m•nt• and p•rformane•
Swnific8ni activit￿$ and ach￿vements 8gainsl obieclives
In the year 2023 we saw growth across all are88 of th? ¢hurch. Our Sunday worship att•ndawKe grgw from an
avèragè of 72 to 92 throughout the year. Our small group 8tt8nd8JK* gr8w from 41 to 51 And our monthly meeting
attendanc* gr￿ IrDrn 29 to 51 over the same p•riod ol th'me.
People interested in Chriskn'8nity ci)ntinued to wsit throughout the year and those Chri8Uan8 who attend have grown
in Ihelr knowl&Yge and lailh in Jg$us. We were able to bapbze S now Christians in the auiumn and have Seen
several more Show Increased Interest in Jesus. The yèar 2023 has been ona of estoblishment and grtr*th for Ihe
church in our effDrt5 to provlde a community wttere peop￿ ran 18arn abovt Jesus and grow in thpii faith and
devobon to hlm.

STONEWAY CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Fln4ncl•l r•vlew
Durin9 Ihe pri¢y y¢9r th8 ch8rtty recthed a slgnlficanl arrKJunt of incorne from our 5UPPOrterB in the LISA, to fiJnd the
prwess of planting the Church. In 2023, total Income of £257,68812022.'£392.4931 wa8 received, ￿th a d?ficlt of
£269,16512022.' d8ficSt of £89,082}. All rnonoy held At thè prèsent tlmè Is unrastrfcted.
Rès8rrf83 polky
The Ch¢Jrch Is stlll In It's very earfy Bt8988, wilh act￿tIo5 only startlng kn D8c•rnber 2021. AS such, a decision about
tha no￿¥&ry lewl of re8erve3 Is b8ing delerred until ￿ hav& g bettor undèr818ndlng of Our facurilng and
ommitl•d ¢08ts.
Given Ihe hiqh level of unrnstri¢l•d r•gew8 h•kd 01 the year •rvJ, we do Mt COn8ider concern to b8 a hlgh
sk at Ihe current ilme.
8tYuclur•, gov•m•nc• and fflin•q•m•nt
The charity 16 a Ch8ritBble Incorporated Org8ni8atSon ICIO}.
The trustee8 %th0 8eNed durhw Ihe y••r•nd up to the date o181gnatyre of Ihe flnandal ¥tatem8n14 were.,
Mr P F Greggr
Mf J S M Taylor
Mr B S¢hneKl•r
Mf IA Roh
IR¢8l9nad 25 April 20241
IAppolntsd 22 Apt1120241
R•crullm•nt 8ndappolnlm•nt of tnJst8es
TpMtee8 relevant exp8rd59 ar• r•cNll•d from among8t Church leader8hSp, as needgd.
The trustee$, report wa8 approved by 808rd ofTru8tee$.
Mr B SchneKler
Tr￿t••
27 Jung 2024

STONEWAY CHURCH
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF STONEWAY CHURCH
I report to the tru8tee8 on my oxamlnalSon of the financial $l#t•m8nts ol Stoneway Church Ilhe charity) for the year
ended 31 December 2023.
RgsponBibilltl•s and bul* of report
A$ Iho tru¥1988 ol the chanty you are fegpon8ib18 for the PTeparntion ol Ihe fin￿￿￿1 st8tamènis h) a(xorfanL* vAlh
the requirement$ of lh• Chanbes Act 2011 Ithts 2011 Act).
I roport In respect of my o¥8rninallon ol thé charlty'$ fingn¢lg18tat8nwnts cgrrfed oul under section 145 01 th8 2011
Act. In carrylng out my examlna¢k)n I have fdSJwad all the appIl￿bI¢ Olrodon5 glvon by lh• CtrArfty Commisslon
under $8ction 145ISXbl of the 2011 Act.
Indop•nd•nl •x8mln•rf8 •t*tsm•nt
Slnc8 th• chartty's gro86 Income exc*eded £250,000 your exarnlner mu$t be a memb8r ol a body li6ted In section
145 ol th• 2011 Act. I conflmi that l am qualffjed to undertak? the examlnalon b•eau88 l am a m8rnb8r of
A68OCIoUon ol Chart•r•d Cortifiod Accountan16. which is one ol the listsd bodie$.
Your att•nllon 18 drawn to th• lact that th• tharfty h88 PrePa￿d flnanci818fatementJ In ¥c￿r￿an¢4 ￿th A¢¢ourfng
and Reportkng by Ghartlles prgpgrfng Ih•lr Accounts In 8Ccordar￿e wilh the Flnanclal ReporUn9 Stsndard #ppli¢sbl•
in the UK and Republ1¢ of Ireland IFRS 1021 In prefemnce to th• AecKJunting Reportlng by Ch8rttleB'. Ststernenl
ol Racommonded Practice i8$u¥d ort l Aprll 2005 ￿leh * rèf8rrad to in th8 aXt8nt regulations but haj now been
wlthdrawn.
l undor$l8nd that thls ha5 been dono In order for flnarndal 8t8tgm0nl$ lo pro%Ado a trw and falr vlaw In accordanc•
th Ganarally Accepted Accountlng Pr8cIIcAg effer*ve for repo￿n9 périod8 boolnnlNJ on or 8ft•r 1 Janugry 2015.
I h8vg ¢omplot•d my •xamlnalbn. I conflirn that no m8ttws have corno to my att8ntion In connection vAth tho
ex8rninati¢Jn giving m• ¢#u•è to bellova that In any matedal respact..
aeeounllng r•cord8 w8r8 not kopt In re8p8ci olthe charfly a8 requirod by sgEUon 130 ¢f the 2011 Act,. or
the flnanclal stalements do rot orcord ￿1h tho$¢ wcord¥', or
the financial ¥18t*monts de not comply wth the appllcable ￿￿Ternents concsming tho form and eontènt of
acBounls 88t out In the Charitl•s IAccountS 8ThJ R8portg1 Rogulalions 2008 other than any requlrernent that th•
eccounly glve B true 8nd falr Ylew whlch ly not a rn8tt8r CDnsidornd as part of an Independent exa￿n8￿0n.
l ttav• no concerns and have comFJ acfo8B no olher mtts¥s In eonno¢tion wllh thè oxamlnaticffl to whk* 8ttenllon
81K)uld bo dfawn in thls report in order to enabk a proper under¥landing of the frnBrtcial slalem8nts to b• Tr8ct)ed.
John Caladln• FCCA CTA FCIE
ColadSne Lirnlted
Chantry House
22 Upp8rton Road
Eastbourn•
East Sussex
BN21 18F

STONEWAY CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unr•strlct•d Unr••trlctod
fund¥
fund•
2023
2022
Incom• lrnm:
Donati￿8 and I￿¢16$
Charitable acUvltioJ
Investments
250,762
5,809
1.097
389,853
2,020
820
Total Incom•
257.688
392,493
Exp•ndltur• on:
Chadtab18 acllvlties
528,833
481.575
T¢tal •xp•ndlturn
526.833
481,575
N•t •xp•ndltur• ind mo¥•m•nt In fund•
1269,1651
189,0821
R•con¢lll•tlon ol lund•:
Fund balanL*8 gt 1 January 2023
674,512
763.S94
Fund It 31 D•c•rnb•r 2023
405,347
674,512
Thg slat•ment ol financlal activibtrs incl￿￿￿• all g￿n8 ffind lojsgs rècollnlg•d In the year. Al Ino)m• •nd oxpendlturo
dewivti Irom conllnulng actlvhles.

STONEWAY CHURCH
STATEMENT OF FINANCIAL POSITION
AS AT31 DECEAIBER 2023
2023
Hx•d asgets
Property, tdanl and equlprwst
12
35,348
40,302
Curr•nt a•••ts
Tradg other r•￿•vabl89
Cash at bank and In hand
13
17,651
353.910
88.519
587.251
371,561
11,5801
635.770
Curr•nt Ilabllltl
14
N•t ¢urr•nt
370.001
634,210
N•t
405.347
874.512
Th• fund• ot th• eh•rfty
Unreslrlcted fund¥
405.347
874.512
405,347
874.512
Th• finBntlal 4tAtémÈnts approved by the Iru81oe8 on 27 Jun• 2024
Mr 8 Schnelder
Tru•t••
Mrm Roh
Try•t••

STONEWAY CHURCH
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
C4$h fiowa from op•r•tlng acuvlti
Cash abscrfbed by op8rationB
19
1208,0391
1140.8101
In¥￿tIng actl¥ltl
Purchase of wopety, plant ond •qU1pn￿nt
Investment incon* ractived
16,3991
1.097
118,1851
620
N•t c••h umd In 1ml￿tIn9 xUvltJ•*
15.3021
I17.￿￿)
N•t d•Gr•u• In ￿•h •nd ¢••h •qulval•Trts
1213,3411
11S8.1751
Ca8h and cash eguSvulents at b￿InnIng ol year
587.251
725.428
C••h and ¢￿fv •qulv•l•nl• al •nd ol y••r
353,010
567.251

STONEWAY CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢counllnq pollclgs
Ch•iity Inlomiatlon
Stoneway Church is a Chafltable Incorptsratad Organi8ation. The Charity CommMslon r•giStration nurnber is
1188918.
1.1 Accountlnu conv•ntlon
The financlal statfjr￿nts have been prèparad In accxJrdanc4 the tharity'E gov8mlNJ d¢xument, Ihe
charit￿8 Ad 2011 and "Accounti￿ ancl Reportlng by Charits'es.. Staternenl of Rgry)mmond¢d Pract￿•
applicable lo ch3rlll8s pwpadng their 8ttounls in accordance wtth ts Financial Reporbng Stttndard
applicable in tho UK and Republic ol Ireland IFRS 10211gffethve 1 J8nuary 2019y'. The 18 a Publle
Ben•fit Entity as defined by FRS 102.
Th• ffinandal 8tst8m8nls have dèpartèd from th• Charft￿8 IAccourtti and Reports) Regulatlon8 2008 only lo
oxtgnt requlred to p￿￿de a true and lalr thaw. Thls doparture has involved following the Statement ol
R•commendod Practic8 for charl￿.98 ap￿￿ng FRS 102 rather than the ver$lon of th8 Statomenl of
Recomrnended Pr8clic• %thich Is referred to in tho Rg9ulatlons bul whlch ha6 6in¢vJ beèn wlthdrawn.
The finBnclal stst8m8nts are prepared in sbrllng, ￿1¢h 18 th8 functional rdjrrency ol the ¢h8rfty. Monetary
amounts In Ihtsè flnandal gtatgrnents are ￿Unded to Ihg n98r88t £.
The flnonBlal 8tat•m8nts hav• b••n prqp8red under th• hIS¢￿￿1 cost convention. Thè prlndp•l o¢wnllrrfJ
pollcles adopted 8r¥ i•1 out bdow.
1.2 Golng concorn
Al Ihg Um8 01 approv5ng the flnanclal stslèmants. the trusteos have a rea#anab￿ axpactalion that the tharlty
as adequate resourcAs to continue in operBtion#l èxIS￿nc• lor the foresee8b18 fulurg. Thus the Iruslee8
conttnue to adopt thè golng concarn ba81s of ac¢ountSng in pr¢parSng the fina￿Aal Btaternent¥.
1.3 Chirlt*bh fund•
Unreslrlcted ￿nd• uro 8v¥llabl• for ugo at tho dl8cretk)n ol the trusliJ•g In lurth•ranc• of tholr ¢h¥tha￿l
obl8cllv83.
Re8trfcted fvnds arè subjgct to 8p8clfic cundilkJn$ by donor8 or graniorn a8 to how they may be used, Th8
purp0809 aTrJ uBaa ol thè funds are 8el ou* In Ihe not9¥ to the flnanclal staieThnb.
Endowment funds ar• subject to Bpedfic condl¢lons by donor8 that the capit81 mu81 bg m*lntan8d by tho
chanty.
1A Income
Income Is reC￿gnIsed th• ch8rli y is legally entitled to it 8ft8r any p8rfomiance ¢ondltlon8 have been rnat.
th8 amount8 can be measured reliably, gnd It probable that income will bè recelved.
CgBh donatlon$ ar& r8cogni88d on recelpL Other donation¥ are recognSsed once Ihe charity h3s been notified
ol th• donation. unless p8rforrnance ￿nd1th)n6 require deferral of thè amunt. IncLJrne tax recoverab￿
rg18Uon lo donations received undgr GiftAid or deeds of covenant is recognised at tha tim• of the donati
Legacles reeognlsed on recetpt or otherwige rf ts charity has been nolffied of an irnpendlny distribuuon.
Ihè amount is known, and rac8lpt is expected. If Ihg amount is not known, ihe legaw 1$ Ireat¢d a5
eonting8nt asset.

STONEWAY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng policies IContlnu•dl
1.5 Exp•ndltur•
Llabllities are r8cognis8d when a construcbve obligation 8￿sts. th• paymnl is probable and the obllgation
can be m8a8ured or e81rn8tsd rallably.
Resourcas oxpaThYad aro allocated to tha parbcjjlar cost cantre to ￿1th tsy r81ate and includ8 Iffecoverable
VAT.
1.6 Prtyp•rty. pl•nt and •qulpm•nt
Property. plant and equlpmgnt gre Initlally mea8ured at cost and subwuèniiy moasurod ot C08t or v8lualQon.
ngt of dep￿CIatIOn and any Impjimiènt losses.
Depr8C4ation is recognised so as to wile off the co81 or valualion of a$aets lesB thdf reshlual values o¥ei thalr
useful Ilve8 on tho lollowlng ba$i8'.
Flxtuw fi￿n9•
20% Stral9ht lin8
The galn or10s8 ar18ing on th$ dlspo881 of an asset Is deterrnlned as Ihe dlfferèncè b&￿een th• 8ale prOc￿d8
and thè carrylng value ol the a¥¥8t, and 18 r8eognis8d In the 8t&tement of finandal acl1v1t￿8.
1.7 lrnpalrm•nt ol non•CU￿•￿t •*••t•
Al ¢¥¢h rèporting end date. the charfty rwèws the carrylng amount8 01 its tangiwe a¥vlJ to datsrmlne
whether Ihar• Is any Indlcallon th8t thosè 818Ots hav8 6uff•r8d an Impaimient 1058. If any such indlcalic
8X16ts, the iacov•rabl• amount of th? as8et 18 98tlmat¢d in Order to determine the extent of th* Impairment
1088 Ilf any).
1.8 Ca•h and ¢a•h •qulvAl•nt•
Cash and cash equlv8lents indude caeh In hand, depo8its hfjld at cpll wth banks, other short-tenn liquld
Inve8trnents wilh orvJln81 matudtl8s ol three month8 or1858. 8fKI bank ovgrdrèfts. Bank ovordrafts are shown
withln t)orr(Mings in current11gbilitig8.
1.9 Flnanelal In•trum•nts
The chodty h88 elected to apply Ihe wov161ons of Serlon 11 'Basl¢ Fknanel81 Instruments, and Se¢t4on 12
'Otsr Flnanclal Inslrurnenlj Is¥ug8' ¢1 FRS 102 10 all ol Its financlal in3trum¢nt$.
Flnancial irnatrumènli ar• rocognised In tho charl1￿* balanc• sh•el when the charty becomB8 party to the
contractual prtsvl8lon8 of th8 In8trumenL
Financial assels and liabllillg¥ offset, wlth the net amount¥ pre8•ntsd In thè finandal statomenf8. when
ther• Is a legally enforceable right to sat oll the rocognlsed amounts and there 18 aTh intenlion to 6eth8 on a net
basi# ei to rèalis• U)8 asset and setue the liability slrnultaneou￿y.
Baslc fln4ncl•145sets
B83ic financlal 8ssets, whlch indude tr8de and othef w￿[vable$ and cash and bank b818nces, ￿ Inillally
measured al transacbon pric8 in¢luding Iransaclion cost5 and are subsequently Gqrried at amortised c06t
using the effèctive interest method unless the arrangernenl constilutes a financing tran$3clion. where the
tr#nsaclion is rneasured at th8 wesen¢ value of the future r8rkipt$ dn4counted at a market rate of int8rÉsL
Flnand81 aBsgts classitsd 93 rgC8ivabl8 wthin one year arg not armrti8ed.

STONEWAY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
ountlng pol1cl￿ IConllDuedl
Baslc Iln•nGl&lll•bllltl
8aslc fin8nL4al liabilid88. In¢ludirvJ trade and othar paya￿89 and bank IDan¥ ar8 Inltially recognised at
transaction price unless the arrangement constitutès a finaneiThJ transacti¢Jn, w*)ere the debt instrument is
mea6ored at the pfèsènt value of the fvlure payrnent5 discounted at a markol rate ol int8re8t. Flnontlal
li8￿1&￿e8 dassified 88 p8y8ble within on• year are not amorti8ed.
Debt inatrumgnts are Subsequent￿ carried 81 am£￿¥sed cost, uslng tho effo¢bve Intèrèst rat• m•thod.
Tf8de pay8ble$ aro obllgations to pay for good¥ or seN(%8 thAt h8va bèan acquired In Ih8 ordinary course of
operaUons frorn $upplitrr5. Amounts payable are classified a8 CU￿ent liBbilltie9 11 paymenlls due wtthin on•
y8ar or b8Bg. If nol, they 8r8 pr88ented a8 non.curr8nt li8btlities. Trdd8 payables are reco8nis8d Inili¥lly At
Iransaeticffi prtce and 8ub8equently rn888u￿d 81 hmorbgod cD8t Uaing Ibe ?ff8cllva Inte￿$t methcmj.
D•r•eoonlllon ol Iln•n¢l•l IlabVItI•s
Flnonclal Ilabllrties arÉ dèr8cognlsed when the chbrlty'l Ctyltraclual obl￿4￿0n8 expire or are di8tharg•d or
C8nc8llqd.
1,10 Employ•• b•n•fil•
The cost of uhus•d holklay enttuernent Is r¢¢ogn180d In lh• pa￿0d In whlch the ¢M￿0ye•,6 ieNlca• ar•
rocolved.
T•rrnlnatlon benefits ¥r• racogni￿d Immedlately 98 an expen80 wh&n tha charltyls demonslribly commltt•d
to t•fmlnat• the errploymnl of an 8mploy88 or to provSde brninatltsn b•n•fits.
1.11 Hollr•m•nt b•n•fils
P8yry*nts io defined eonlrlbubon rellTem&nt benefft sch?me8 arg th819ed as gn •xp?n80 as fall d￿.
Crlilc•l •c¢ountln9 Mtlm*t•• and ludg•m•nts
In Ihg appllcation of the ch8rity's accountlng pollcl88. rhe trustees are r8qulred lo make judgements, eatima18$
and assumptions about the carrying amount ol assets and li8bilitie$ that Ar8 not raadlly apparent from olh
8OUfC88. The estlmales and a8$oei8tèd assumptions are ba6ed on historical expariènce and other lactors that
re ￿nSidered to ￿ relevant. Actual re8ults may differ frorn th888 •8tlmates.
The esllm8te8 Bnd underfylng assumptsons are reviewgd on an ongolng basls. R8viBlons to accounting
èstimates aré r8cogni5ed in tha period in which the e¥lirnate is r8vi5ed whBre the ￿VisiOn affects only that
P8rfod, or In Ihe peTlod of th8 re￿&10n and fvlure perlodB whgr8 Ihè rèvislon affecls both r)Jff￿1 fulure
periods.
In¢om• ffom donatlon• and ley¢l
Unrestdcted
fund8
2023
Unr•*trlct•d
fund•
2022
Donations and gifts
250.762
389,853

STONEWAY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
In¢om• from donatlon• and l•gaclo9
Unre8trlct•d Unr•strlcl8d
lund
fund•
2023
2022
£ £ icontlnue
Donatlon¥ and 91
DOna￿on$
Income tsx r•¢ovtrr•d
209,524
41,238
342,877
46.976
250,762
389.853
Incom• from ¢hirltsbl• •¢tlvlU
Unmtrktsd Unmtrf¢tsJ
lund•
fund•
2023
2022
Charltabl• •xp•ndltur•
ContrftryJtion8 toward3 retreat ￿1$
5,809
2,020
Incom• from knwMtm•nts
Unn•trlct•d Unr••trkt•d
fund•
fund•
2023
2022
Inlgrèst r•eelvabl8
1,097
820
10-

STONEWAY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2023
E￿nd￿r* on charlt•bl• actlvltl•s
Charltabl•
•¢dvllf••
Charttak40
activlties
2023
2022
Dlr•ct C￿1•
Stsff ¢0919
Depredation and impalnnent
Travel
Costa of Sunday 88ThIc&8
Chlldron's progfarnme
Venue hlr¢
Church rna1odal8
Advertlsing
L•8d8rshlp & outreach
Catering and ￿¥PItalIty ￿t8
Musc ¢9sts
Equipment, repalrs and rnalntenonGe ¢08ts
Oulroa¢* 8¢1ivll•8
Church and Leader8hlp retreats
H￿ain9 co8tB for IAlni8try staff
211.541
11,355
233,575
10,075
42
2.628
4,328
95,700
701
8,300
12,117
23,744
783
13,190
11,CM)S
12.578
97.141
638
6.914
29,380
24.768
6.010
2,462
22.582
9,738
39,782
487,859
427,077
Sharn ol •upport •nd qov•rnanc• co•t• {••• note 71
Support
Govarnanc4
48.770
10,204
44,885
9,613
526,833
481,575
An•ly•l• by fund
Unrestrl(a8d funds
528.833
481,575
11

STONEWAY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Support co•ts *llo¢•t•d to actlvltl•8
2023
21122
In¥uran¢&
Offic8 r*nt
Equipment cos18
Talephone and ¢omputW eO8t$
orfic8 rntes
Netsvork support le¥
Governaneè Costs
1,757
29,540
1,318
3,496
4,605
4,169
9,613
24,270
2,02S
8,999
2,919
9,562
10,204
58,974
54,486
Charftable 8¢tfvbti
58,974
54,498
2023
2022
Oov•rn•nc• ¢o•ts compr1••:
AcLounl8rKy
L•g?1 gnd Pfof88slonal
5,136
4.827
241
3,444
5,978
193
10.204
9,813
Govomancg co&t8 abov8 ItKlud88 payrnen18 to tho Ind#pendenl Exanln8r of £5,136 12022.. £3,444) lor
Ind•pendent Exxmhwlon and oth•r ￿1vICeS.
N•t mov•m•nt In lund
2023
2022
Th¢ rnov8m8nt In lundB IB 8t8tod 8ft•r chargingllcradltingl..
DepMd8tltsn ol own8¢ pr¢Jparty, plant and wuipnwnl"
11,355
10,075
Trustee Brian Schn8id•r Mcefved remuneralbon In Ihe ￿ar 01 £100,489 (2022".£109,5651 One tru$t•& was
rnlmbur68d for Church Tunning and adminislratlon related ?xpènae$ totatllng £10,570 12022.. Four trustees
rnlmL*Jrsed £27.8751.
Thè trust￿s have donated an sum of £37.86612022'.£67,881I to the rharily.
12-

STONEWAY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
10 Employ•g#
Th• av8rage monthly number ol &m￿aY8•S d￿ThJ the year wa¥..
2023
Nurnb•r
2022
Numb•r
Employffl•rf costs
2023
2022
W8goA and 8ala
Soclal secudty c08ts
Other pgnslon cotst8
190.401
15.764
5.376
208,596
19.090
5,889
211,541
233,575
In addlllon to tha c08t8 Outllned above, Man$6 a¢¢ornmodaUon wa8 provided by the Church for aach ol tho
thre8 P85tors.
Th8 number ol 8mployèèÉ ¥th02e annual r￿￿era￿¢)n w98 morn Ihan £80,OC
L8 as followB'.
2023
Numb•r
2022
Nufflb•r
£80.000- t70,0￿)
£100,000 - £110,000
11 T•xatSon
The charlty18 ex•nJ)l from t&yadon on tts acalwlles b￿U$• all its Incorn•13 aPpl￿d lor ¢h•rtsbl* pu￿¢￿•s.
13

STONEWAY CHURCH
NOTE8 TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR ThIE YEAR ENDED 31 DECEMBER 2023
12 Pfop•rtyi plant and •quSpm•nt
F￿ule9 Ind
fiWng¥
Co•t
At l January 2023
Addluons
50,377
6,399
At 31 D8Ggmb8r 2023
56,778
D•P￿lItiOn ind knp81rn1ont
At 1 January 2023
Depreciauon ch8rg•d In year
10.075
11.355
At 31 December 2023
21.430
C•rrylng amount
At 31 December 2023
35.348
Al 31 Dec•mbtrr 2022
40,302
13 Trad• Ind oth•r r•c•Sv•bl••
2023
2022
Amount• falllng du• wlthln on• y•ar.
Other r￿e1Vabl¥S
Prepayrrnnts 8ThJ 8ccrued Sncornv
10,079
7,572
40,826
27,893
17,651
68.519
14 Curr•nt Il*bllltl
2023
2022
Accwals and delwfed intoma
1,560
1,￿0
115 R•tlrqffj•nt b•neflt ￿horn
2023
2022
D•lln•d ￿n¢￿tsUI10n •¢hern•s
Charge to profft or loss in respect of defined contributlon sc*erne
5.378
5,889
Thl c*arity operate6 8 definéd contrfbuuon penslon stherro for 811 qualifylng employees. The assets of Ihe
¥¢hern are hold $8parately from those ol the charity In an independenlly admlnlst•rad fund.
14-

STONEWAY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
16 Unr•itrlet•d funds
The unrestn'cled fvnds of tho charity comprlsa the un&1￿nded balanc•6 of donations and grants whlch ar8
not subject to specific condilson$ by donor¥ and grantor$ 8$ to how they may be used. These include
¢e8ignatèd lunds bthich havo been set a8Kle out ol unre¥trlcted lund5 by thè trust88s for sp8cific purpo89S.
At 1 Jaw•ry
2023
Incomlng R•*oure••
r•source
0X￿ndId
At31
D•cfrmbor
2023
General fvnds
674,512
257,668
1526,8331
405,347
Prnvloub y••r.
At 1 January
2022
Incomlnll fi￿OUr¢
r••ourc
•xpendgd
At31
D•¢•mb•r
2022
Gon•ral fiJnd8
783,594
392,493
1481,5751
674,512
17 Fln•ncl•l comrnltrn•nt•. 9u•r•ntM• arKb ¢onllngont Ilabllltl
OperBling 188$as lor thè Pa9tor8' acCOn￿Odat10n are on rc411ng 3 lx 6 month c&N)trocts. A8 such. there are no
91gnlficanl cornmilm8nts lor th8 Church.
18 R•latsd p•rty tran••ctlon•
Thero were no other dlBc106able ￿19￿￿ poty Iransoction812022.' NILI
19 ¢••h o•n•r•t•d from op•ratlon•
2023
2022
D8lklt fcff the year
1269,1651
189,0821
Adlu8tments for..
Investment incoffle reC09n￿&{l in statament of financSal actlvlt
Deprèc18tion and impaimient ol property, pianl aTrJ wu5pment
11,0971
11,355
18201
10,075
Movernents in worklrYJ ¢8pitsl..
Decra8selllnueastsl in tr•Je and other receivable
IDEcreasel in trade and other paya￿es
50,868
160.ocel
19771
C•sh I￿Orts•¢I by 0￿ratIOnS
1208,0391
1140,6101
20 Anaty81• of chang06 In net fvndi
The charity had no materi81 debt durlng thg year,
15-