Charity Mgl•tratlon number 118891B STONEWAY CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Caladine Chartered Cerlified Accountonts
STONEWAY CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Thi*t• Mr P F Greger Mr B Schneider MrMRoh IAppolnt8d 22 Apdl 20241 Charlty numb•r 1188918 Prlnclpil addrn8• 119 Lond¢ Street Reading Berkshlre RG14QA Ind•p•nd•nt examln•r John Caladln8 FCCA CTA FCIE Caladlne Llmited Chanty House 22 Upperton Road Eastboume East Sus8ex BN21 1BF Bank•rn CAF Bank Llmlt8d 25 Klng8 Hlll Avenue Klng3 Hill West M8Mlng Kent ME194Ja
STONEWAY CHURCH CONTENTS P•ge Trusts•s' repc*t Independent examlnef5 report stalemenl of finandal artlvHI Statempnt of fflnand•l posSllon statement of cH8h fflows Note8 to th• flnanc181 ¥1gl•mentB 7-15
STONEWAY CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The tnjstees pre8enl their annual report and flnancial 81atements for the year ended 31 December 2024. Th8 financAal statements h8vè been preparèd In accordance with the aUng pollcle8 set out In nots 1 tr¥ the flnanrA81 slatemenls and cornply th the chority's Constitution. lh¢ Charrties Act 2011 and "Accountlng and Reporting by Chartlles.. Staternenl of Recornmended Pracllce appltable to charbties preparing their accounts In accordance with th¢ Financial Reportlng Standard 8ppllcable In the UK and Republ5¢ of IrelBnd IFRS 102). laffecuve 1 January 20191. ObJectlv8s and ¥ctlvltle• The tharlty's objects are the 8dvancernenl of Ihe Chrl8tlan falth In accordance our Basis of Falth, primarfty, but not ¢xclusively, within Readlng ¥nd the surrounding neighbourhood. The charity's oblecllves 8re the advgn¢ernent of th• chr[san fallh in accordan ¥h our 8as18 of FpKh, prfmarfty. bul not •x¢lusively, withln Readlng ond the surroundlng neSghborhoodB. In the year 2024 Sloneway Church rnel weekty on Sunday mornings for worship services that induded wor$hlp musk, Blble lea¢hlng and prayer. A kld's program w83 run e8th Sunday whtre members of the chur¢h cared for the ¢hlldren and laught the older children from the Bible. We contlnued to hold Iralnlngs throughout Ihe year on lh• beliefs and values of Ihtr ¢huTch in lour sepBrgle sesslons offared fv4ice per year each. We hosted other If8inlngs as well on tOPiC8 Indudln9 Blblical parenling and praying for olher people. Monthty, the church galhered on Sunday afternoon for more wor8hlp, Blble teachlJ)g and pr•yfjr and lo lalk about the state of the church ond the future difeclion. We hosted Individval event8 wllh an OU1rd locus lo the ¢ommunlty Indudln9 0 Lunar New Yigr Party wth a large me81 from a variety of culture5 throughout the worfd, 8 Party In 8 local park with food and inflatable3 for kids, kld$ mov1* night8 held ot the chur¢h offices, monthly games in th• park and weekty football games wSth a y?8rfy toumamenl. We held 8 three day ratr88t In th• late wnl•r for group1•8der8 io rece8 care and reh$hlng bnd B three day retreat in the autUTnn for the whole church lo hgve extend•d tlme In wor5hlp, Bibl¢ toachlng. prayer and relatlonBhSp Ihout normal every4lay di8lr3ctlons. For the ffirsl tlme we hosled a 8even waak In depth trolnlng on th• Bibll¢al bellets olth¢ church almed to help pgopbe under6t8nd the p081tions on doctrine In the ¢hurth and to functlon as part of ihe process for m¢mber5hlp. A group of moms with their young children met tog8ther ot the church offi& monthly for ralation8hlp bulldlng and Invitod frlends from Ihe communty lo loln Ih•m. At Chr15tma$ tlme this year we hosted a few worshlp servlce5 at the church office3 open lo the communlty, Includlng Chrlslrnas Eve CJndl8llght service vAth J he8vy focus on WOT3hlp 8nd the Story of Je6u8' birth as well a¥ gffts for ltte kids. Public benefit The trustees have p81d due reo3rd to guidance Issued by the Charity Commlsslon In deddlng what advlUes th¢ charlty should undertake.
STONEWAY CHURCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 AchI¢meb)ts and p?rform•nc• &gnific8nl 8ctivilie$ and achievements 8o8in$t objèclives The Chu continued lo grow In numbers. understandlny of th8 Blble and maturity in ftAlowing Jesu5 throughout 2024. Chjr weekly attandance peaked over 100 for Ihe first time and our averogè att&n¢Jan¢e for 8mal group rose to To acMmodate Increased intere8t In attenrJSng small group, we addgd tsyo new small groups wth yroup leadern dld not come as part ofthe 0ri9lnal thurch plant team. Wa began our mefflber8hlp proc•s8 and welcomed 42 members Into the church. In the earfy 8urnm?r w• bApzed fNe new Christlan8 ¥tho have come to fallh In Jesus and Seen olhers In the proce85 a8 Ih•y contlnue to leam and exrience him. In 2024 w& saw Ihe thurch grow to fill the meeting room we have u4ed over the paBt three ye8rs but the growth has o1$0 provided help to those In th• comrnunity who are Intaiested In learnlng about J?$u$ and experiencbng hls church, We hope that as the church grows, so wlll our èYl•ctivenes8 in helping thole people come to Je8U$. Fln•ncl•l r•vl•w During the prior year the charlty fecelved a 51gnlfficpnt 8mount of Incorne from our supporters In the USA, lo fund th8 proce58 of planung Ihe Church. In 2024. to1 Income was £834,01912023.. £257,668), wlh 8 8urplu$ of £271,790 12023.. d¢ of £289,165>. All money held pl th• pres•nt Ilrne13 unre8lrlct8(1. R8s8ry85 policy The Church Is gtill In It's very earty 818ges, wlh gctlvitles only Starting In Decomber 2021. A$ 8uch. 8 d¢clsksn about thè n•c•88ary level of Teseryes IB ty¢lng deferred unl51 we have A batter understanding ol our recurring and commltted costs. Glven Ihe hlgh lèvel of unreslrlcted Te8erye8 h¢kl 01 the ytsar end, we do not cc8(eT golng concem lo be g hlgh rlsk al the current time. 31ru¢tures governance and m•nAy•ment The charity i¥ a Charitable Incorporaled Org8nI8allon ICIOI. The Iru$l¢•$ who served during Ihe yeor and up to ihe date of 81gnatur¢ of Ihe fln8ncl81 Blatements war•.. Mr P F Greger Mr J S M Taylor Mr B Schneider rMRoh IR081gn8d 25 April 20241 l&ppolnle(J 22 Aprfl 20241 Recwilment 8nd appointment oltruslees Tfust•es wlth levant expertise arE recrulted from amongst Church leadership, as needed. Th& trustees, report W85 ¥pproveil by the Board of Trustees. MT B Sthnoider Trustee D?te'. 14-Oct-2025
STONEWAY CHURCH INDEPENDENT EXAMINER'S REPORT TOTHE TRUSTEES OF STONEWAYCHURCH I report to the trustee8 on my eX8mlnatl of the finand81 statements of Stoneway Church (the chartyl for the year ended 31 December 2024. ReBpon8lbllltle¥ and bag1$ of rnport As the trustees of the charfty you are responslble for the preparalion of the financial slalemenls in a¢¢ordanc8 th the r8qulrements of the Charilies Act 2011 lthe 2011 Actl. S roport in re8pect of my examinalon of the ch811ty'S fln8ndal statements cathad oul under secl(on 145 of Ihej 2011 A¢t. In carrying out my examlnallon I have fc41owed 811 the applicable DirecNon$ given by the Charity Commlsslon under secuon 14515llbl of the 2011 Act. Independént •xamlnerfs stat•ment Slnce the charfty's gross Income 8xce8ded £250.000 your exomlner mu8t be a mernber of 8 body 118ted In Secilon 145 of the 2011 Act. I confirm that l am qu8llfied to undertake the ex8rnlnatlon becBu$8 l am a member of A88odallon of Chartered Cettifi¢d Accosjnlants, %thich 18 onè ol the listed bodie8. Your attenllon 15 drawn to the fact that the charity has prèpared finanual statements in accordance with Accounting 8nd Reporting by Charitlas preparlng their accounts In accordanco wlth the FinanGlo1 Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 in pr¢forence to thè Accountin9 and Reporting by Charbtle8.' Statement of Recommended Practice iSSU8d on 1 April 2005 whlch is referred to In the exiant regulgllons bul h8$ now been thdrawn. l und•r$tand that thii ha8 been donè In order for financlal statemonts to provide • true and falr vlew in accordonc4 th G8neraltyAcc•pt8d Accountlng Practs'ce eff•¢tlve for reportlng perfodB btsqlnnlng on or aft•r l January 2015. I have compliled my examlnalon. I confimi that no m8tlers have come to my attenllon In connectlon th tho examlnjlion giving me to belleve that In any mater181 ra8P8Ct'. accountlng records were not kept In re$p8ct of ltte ch8rfty as Tequlred by 8ecUon 130 of the 2011 kl.. or the flnanclal 8t8tement8 do not accord with those recordB', ¢X the financlal 8t818menls do not comply wrth the appllcable requir¢menis concemlng Ihe form and content ol Accounls sel out in the Charities (Accounts and Report61 Regulguons 2008 other than any requirement that thè 8ccounl8 give a true and falr vlew whlch Is not a matter considered as part of an independent ex8mln8Uon. I have no conum8 and have come across no other matttrrs In connection with the exBmlnalon to whlch 8ttentlon Should be dTawn In thls report in order to enabl¢ a proper vnd•r3tandlng of the flnandal st8tément5 to t• r•ached. John Calad FCCA CTA FCIE Caladine Limil¢d Chanty House 22 Upperton Road Eastbourne East Su55ex 8N211BF Dated..
STONEWAY CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 UnMgtrlct•d Unrestrfcted fund• fundB 2024 2023 14ot•• In¢ome from.. Oonauons and logaae8 Charitablo ad¥lties Invastmenis 829.385 4,100 S34 250.782 5,809 1,097 TOMI Incom• 834,019 257.888 Exp•ndltur• on: Charltsble actlvlUe8 $82,229 526.833 Totsl •xp•ndltur• S82,229 526,833 N•t Incom•ll•xp•ndlturnl 4nd mov•m•nt In lund• 271,7gN) 1269,18SI R•conclll•tlon of fund•: Fund balBnc¢8 at 1 J8nuary 2024 405,347 874,512 Fund b114ne at 310•c•mb•r 2024 877,137 405,347 The statem•nt of fin8ncbal actlvitle5 IncludeB 011 galns end losses re¢ognised In the year. All Incom8 and oxpendilur derive from conlnulng actlvltlas.
STONEWAY CHURCH STATEMENT OF FINANCIAL POSITION AS Af 31 DECEMBER 2024 2024 2023 Not•$ Flx¢d •9s8ts Property, p18nl and equipm•nt 12 23,990 35,348 Current •9s4ts Trade and other recelv8bies Cash bl bank and In hand 13 383.939 271,098 17.661 353,910 655,037 11,690) 371,561 11,5601 Cufftnt15obllltltJ 14 N•t curr•nt asvjts 653,147 370,001 Total aB•Otg 1098 eurr•nt Ilabllltl•s 677.137 405.347 Th• fund$ Of th• charlty Unrostrlcted funds 18 6T1,137 405,347 677,137 405,347 14.Oct-2025 Tht *'nJnci81 Btatomenls wgre approvad by the tru51ee8 On .... ..... Mr B Sthn•ider Truste• Mrm Roh Tru8tè8
STONEWAY CHURCH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Nots8 C•8h Ilows Irom operntlng actlvltl¢• Ca8h gbsorbed by operotion8 19 IB3,346) 1208,0391 In¥••tlng •ctl¥ltl•• Purchase of propEIty. plant and egulpmenl Investment Income received {6.3991 1,097 534 N•t c••h g•ner¥ted fromllus•d In) Investlng actlvltles 534 (5.3021 Net deEr•••• In ¢i•h •nd euh •4ulv•lent• 182.812) 1213,3411 Colh and ca¥h fjqulvalents 81 beglnnlng of year 3S3,910 567.251 C•h •nd ¢••h •qulv•l•nt• t •nd of year 271.098 353,910
STONEWAY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcl Ch¥rlty Infomi•tlon stonew8y Church 18 8 Charitable InCoOrated Organisalon. The Ch8Tty Cofflmiss4on reglEtration number18 1188918. 1.1 Aceountlng conv•ntlon The flnancial $laternenl$ have been prepared In gccordanee wilh the charlty's gov•rnlng doeumenl. the Charllies Act 2011 and "Accounting ond Reportlng by Charities.. Statement ol Recommended Practice 8pplicabl¢ to chartiies preparSng th•ir accounts in accordanGg with the Flnancial Reporting Standard appllc8bl¢ in the VK and Republic ol Irelsnd IFRS 1021 {effective l Janu8ry 20191. The chatty Is a Pub14c Benefit Entity as defined by FRS 102. The fingncjal statements have deported Irom the Chariues (Accounts and Rèports) Regulations 2008 only lo thtr extent r¢qulred lo provide a true bnd fair vlew. Th1$ departure has involved followng the Statemenl ol R8comm¢nded Pr8¢tice for ¢harities applylng FRS 102 rather thBn the ver$lon of Ihe Slptomenl of Recornm•nded Practlc8 }ch 55 ref•rred to in the Regulatlon$ but whlch h86 4inc8 been wilhdrawn. The Ilnandal stqlements are pffjpared In sterfing, %thich Is the fundlon81 currenGy of the ¢harfty. Monetsry amount8 In these financlal Blatemonts prè rounded lo the Dèa8( £. The financlal stalemanls have been prepared under the hlslorfcal cost ¢onvenllon. The prfndpal accounlng policies adopted are sel out below. 1.2 Golng conc•m Al the ilme of #pproving Ihe flnand81 statements, lh& truste•$ have 8 reaBon8ble expe¢tatlon that the charity ha6 8dequale resources to conlinue in operatlonal exlslence for th¢ loreseeable future. Thus Ihe tTU¥teeB contlnue Io odopl Ihe golng coneem b8$18 of ac¢ounting in preparing the financl813tatement6. 1.3 ChArltsblfr lund• Unrestrlcl¢d fvnds are availJbl• for use at th¢ dlscretkjn of th& trusle•s In furtherance of thelr charft¥bl8 oblectiv¢s. ReBlrfcled funds are subject to 5p¢¢lfic condltlony by donoTs or granloTS as to how they may be used. Th• purpo3 and ustss of the rastricled funds are 6et out In the notè8 to th• flnaThcial $tsternents. Endowm¥nt funds are suble¢l to ¥padfic condltlons by donors Ihal lh& capltal must be malntsln•d by Ihe ¢hartty. 1.4 Ineome Income l¥ recognised when Ihe charity 1$ gaI entrtled lo It ofter any performance nditiOnS hove been met. the amount$ can be measured rellabty. and 11 1$ probable that IncDme vill be recelved. Cash donations are ree49nlsed on recelpl. Oiher donations are recOgned once the ¢harlty h89 been notlfled of the donatlon, unless perfomiAnce Eondrtion¥ fequir$ deferral of the amount. Income l?x leverable in relation lo donations received under Gift Aid or deeds of covenant Is recognised at the time of the donation. Legacies are recogniged on receipl OT Otherwlse W the charlty has been notified of an impending distrlbutlon, the amount is known, and receipt Is expecied. If the amount is not kngwn, the legacy Is tW8tad as CelIngent 8Sset.
STONEWAY CHURCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounllng pollcles Icontfinuedl 1.5 Exp•ndlture Liabilities •r¢ recognlstsd when a constructive obllgation exists. the payment 18 probable 8nd the obllgatlon can be megsured or esllmated reliably. Re80urce$ expended ara allocated to the partlcular c08t ¢&ntre lo vthich they relate and Indude Irrecoverable VAT. 1,6 Property, plant and 8qulpmont Property. plant and equipment are In#1Y mea8uffjd at cost and 8ub8equenUy mea8ur¢d at cost or valuauon. net of depr¢d8tlon and any impalrm•nl1088eB. Dgpredatlonls rognIsed so as to write off the cost Of valuaU¢n of a85ets l•ss their r•8ldual value$ over Ihelr uiefvl Ilves on Ihe fouowlng baBI6'. Flxlures and fittlng$ 20% Stralght lin* Th? g8ln OT106s arfsing on th? dl8Pts$81 of an asiel Is determlned 88 the dlfference b8hYeen the 831• PToceod8 and Ihe carrylng value of th• 8S8et, and Is Tecognl8•d In the Sialernent ol flnancbal 4clNrties. 1.7 Imp•lrn)•nl of non-GUTrTent a••ets At ¢ach reporting end dal?, thè charlty review3 ltte ¢arrySng amounts ol W$ 18nglble 88set8 to delermlne whether there IB any Indlcatlon that those asBe¢s h•ve sufftrr8d an Impalrment 1088. 11 any such indication eyists, the recov•rAble amount of th8 asset 18 eBUmat8d In order to detemine the extent of th? ImpaiTfnonl 1088111 anyl. 1.8 C••h and ca•h équlvAlent• C85h Bnd cash equivalent8 includ• cash In hand, deposits held 91 call wNh bankB. other 8hort-tem Ilquld inve$lment5 with original maturities of thra• month8 or le88, and bank 0rdraft8. Bank ov•rdTaft$ 8re shovm wrthin borrowing¥ In current li8blllUes. 1.9 Finonclal In•trum•nt¥ The rhority ha3 #lected to 8pply the provi$lon6 01 Sectiw 11 'Baslc Finpndal In31ruments' and SeclSon 12 'other Flnanrial Instruments Issu86' of FRS 102 to all of Ils financtal Instrum8ntS. Flnancl81 Instruments arè recognis•d in the thgrlty's balanee sheet when the chaTIty beM¢S paty lo the contracluol provision$ of the inslrument. Financi81 gssets and Ilabilitles are offset, wllh the nel amounlÈ Presentèd In the fin•nclal statements, when there is 8 legally enlorceable thghl to sel off the r8cognlsed amounts and the Is an Inlanlon lo s•ttle on 8 not basis or to reali8e the a38et and settle 1he15oblllty simuhaneously. B•slc flftanclal aM•ts Basic financl81 assets, which Indude trade and other receiv8bles and cash and bank balances, are initialty measured al transaction pdce Indudlng transaction c0515 and are subsequenuy carried 8t amortised cost using the effective inlerest method unless th• arrangement constitutès a flnanclng transaction, whgTe the trans8Ction is measured al the present value of the future receipts diseounled at a market rate ol Interest. Fingndal assets dassffied as recelvable wKhin one year are not amortised.
STONEWAY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Aecountlng pollcle¥ (Contlnuedl B8sle fln•ncial Il•bllltl•s Basic fjnanelal Ilabllitle8, Induding tradè and other payables and bank loans are Snrtially cOgnIsd at transaction price unless the arrangement conslitutos a financing transaction, where the debl inslrumtrnt Is measured at the present value of the future payments discounted at a market rate of inlerest. Flnanclal Ilabllllle$ classlfied 8s payable thIn one year are not arnO5ed. D•bt inBtruments are 8ub8equanlty rrfed At 8morU8ed cost. using thè •ffedve Interest rate method. Trade pay8bles are ot4i9alions to pay lor goods or services that hgve been acqulred in the ordlnary course of operallons from supplrS. Arnounts payable arè cl8ssified 85 Curnt liabllities 11 paymtrnt is due w(thin one year of less. If not, they are pre39ntetJ as non-curreril liabilities. Trade payables are recogni5ed 5nltlalty at transactlon prtc• and 8ubsequentty measurtd alamo.98 ¢08t usln9 tha effec.¥8 interest m•thod. Der4coqnlllon of IlnJncl•l Ilabllltles Fln8nclal Ilabllllltrs are derecogni$6d when thè tharity'l Contractual obllgatlon8 explre or are dlscharged or cpncelled. 1.10 Employ•9 b•n•flt• Th¢ cost of any unused holiday entidemenl 1$ r•cogni8ed In the perSod In whkh th• employe•'$ Services ar• re¢eNed. Terminatlon benefrt3 arè fecognl8od Immedl8lely 95 an expense when thè chartty18 demonstrab commltted to tèrmlnate the employmenl of an employee or lo provlde l¥mln8tlon btnefits. 1.11 Rlf•Thent ben•flts Payments to defined contrlbutlon r•tlramenl beneflt schemes gre charged 98 an expense as they fall due. Crltlc•l •ccountlng e•tlmatg• •nd ludq•m•nts In the appllcalon of the charlty'8 accoun16n9 pollcles, the tru51ee¥ or& requlred to make judgements, esllmotes and 0$8umptlon6 about Ihe carrying omount of 88ietS and liabilltles that 8r• not readity apparent from other 50urc¢$. The estlrnBtes and assoclol¢d assumptions are based on hislod¢g1 •xperiene• 8nd other f¥¢tor8 that 8T¢ consldered lo bt relevant. Actual results may differ from these e8tlm8te6. The e5timate8 and underlylng assumptions a revl•wed on an ongolng b8818. Revi61ons to accounlng estimate$ are recognised In the period In which the est+mate is revlsed wh¢re the reMsion affects only that perlod, or In the period of the revi8ion and futsJr¥ periods where the re10n affects both current and future periods. Incom• from don•tlon* •nd l•gacl•s Unrestrlcted funds 2024 Unre•trlct•d funds 2023 Donations and giftB 829,385 250.762
STONEWAY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income Irom donatlon• and legacle• Unr••trlct•d Unretrl¢t•d fund6 fund 2024 2023 £ £ Icontlnuedl Oonatlon• and glft• Donatlon8 Income tsx rècoverod 777,597 51,788 209.524 41,238 829.385 250,762 Income Imm eh•rlt•bl• •ctlvltl•• Unmtrfeted fundo 2024 Unr•*trfct•d lunds 2023 Charft•bl• exp•ndliur• Conlrfbut6on8 tOWOfd8 tr¢s1 Costs 4,100 5,809 Incom• from Inv••trnont• UnT•8trlct•d Unwtrlcttd fund• fund8 2024 2023 Interest r•ufvable 534 1,097 io-
STONEWAY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 EXpendIre on charftabk aGtlvlll05 Charltsble actlvltle• Charitsbl• actMtl88 2024 2023 Dlrect colts Staff cosls Depreclatlon and Impalrment Cosis ol Sunday se¢88 Children's ProgT8mme Venue hlr• Church rnaterfg1$ 184.409 11,355 3.529 3,328 90,585 287 211.541 11,355 2,628 97,141 836 L 11 Advertl$lng L¢adershlp & outreath Catering and hospltality ¢o$b Muslc coÉ16 Equlpmenl, repalr8 and m8lnten8nce c08ts Outreach Church and Leader$hlp retreats Hou$lng costs for Mlnislry staff 5,869 32.549 18,721 3,999 11.218 16,638 3,060 77.470 6.914 29,380 24,788 6.010 2.482 22,582 9,738 39,762 483.015 487,859 Sh•r• ol •upport •nd go¥•rn•n¢• ¢o•ts I¥ note 71 Support Governance 51,327 47.887 48,770 10,204 562,229 526,833 An•lysl• by fund Unre51ri¢ted fund8 562,229 528,833 11
STONEWAY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support co•ts •llo¢ated to advltl 2024 2023 Insurance Offlce nt Equlpm8nt costs Telephon& and computer c08ts Offlce raLe8 Neork wpport fo• Governance costs 2,510 24,270 1.300 7,538 2,625 13,084 47,887 995 24,270 2,025 8.999 2,919 9,562 10.204 99,214 58,974 Charltable Bctlvities 99,214 58,974 2024 2023 Gov•mAnc• ¢o•ts compr1••: Accountancy Legal and PTol•881onal Bank char988 4,710 43,005 172 5.138 4,827 241 47,887 10,204 Govemance cost6 above Indudes payments lo the Independent Examinèr of £4,710 12023.. £5,13fj1 for Independent Ex•minallon and other 8eiNlce$. Not mov•m•rt In fund• 2024 2023 The n81 mov•m8nl in funds is 3latad after ¢harglngllcredlling)'. D•prerA8Uon of owned propety, plant and equipment 11.355 11.355 Trugte•B TnJ3tee 8rlan Schneider r8celved remuneration in the year of £87,162 12023.. £100,489} No truste?$ were relmbursed for Church running and ?dmini51ratk)n related expens¢s12023.. One trustee 1MbUrSed £10.5701. Thé trustee5 have donated an aggregat? Sum of £36,37712023',£37,886) to the charity. 12-
STONEWAY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Employees Th• •verage monthty number of employee8 dudng the year waB'. 2024 Numb•r 2023 Number Employm•nl co•t• 2024 2023 Wag•8 and salarles Social 8OCUTty cost8 Other pen81on costs 168,081 11,635 4,713 190.401 15.764 5,376 184,409 211.541 In addOn lo the cu8ts outllned above, Manse 8mMOdatIon wa8 provlded by the Church for •ath of the three Pa$lor8. The number of employees whose annu81 rnun•T&1I0n was mor• thgn £eo,c4JO 14 a8 follows.. 2024 Numb•r 2023 Numb•r £80,OLY>£g0,000 £100,000- £110.000 11 TatIOn Th? thaty18 exempt from laxyllon on Its •ctlvNle$ b¢cause 811 Its In¢om8 Is 8ppII?d for ch41llae purposes. 13-
STONEWAY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Prop•rty. plant and wulpment FIANr•6 4nd Ilttlng Co•t At 1 January 2024 S8,776 At 31 December 2024 58.778 D•preclaUon and Im1r•t At 1 January 2024 Depredauon charged In th• yoar 21.431 11.355 At 31 December 2024 32.788 Carrylng amounl At 31 December 2024 23,990 Al 31 December 2023 35,346 13 Tr•d• and oth•r r•¢•lvabl•• 2024 202J Amount• f•lllng du• rfthln on• ye•r'. Trade recelvable8 Other recelv8blé8 Prep#ym8nts and ac¢ru¥d Incorne 319,487 33,418 31,054 10,079 7.S72 383,939 17,651 Tr#d r¢celvableB Indudes an amount promSsed In 2024 by our USA Supporters. whlch w88 recelving In 2025. 14 Curr•nt Il•bllltle 2024 2Q23 Accrua18 and deferred income 1.890 1.580 15 R•tlrem•nt b•n•fit •chem88 2024 2023 D•fined ¢ontrlbLrtlon hOMe¥ Charge to profft oi loss in respect of defined conln'butlon scheme8 4,713 5,376 The charity operates a defined contribution pension scherne lor all quaiifylng employees. The B85ets of the scheme are held separately from thr)se ol the ¢h8rty in an independentty administered fund. 14-
STONEWAY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Unmtrlcted fund• The unrestricted fiJnds of the charfty comprise the yn•xpended balancgi of donations 8nd grants whlc arè not subject lo specific condllions by donors and grantors 85 lo how they may be used. These indude desigllated fund8 whÉch have been set aside out of unre6trictad funds by the trustees for Spef purposes. At31 Docemb•r 2024 At 1 Jbnuary 2024 Incomlng r•source• Resource¥ •xpend•d Gener•1 fund8 405,347 834,019 1562.2291 877,137 Pr•vlou• y•4r. At 1 J¥nuary 2023 Incomlng r•8ource• Ro•ource• expended At31 D•c•mbor 2023 General funds 674,512 257,888 1528,8331 405,347 17 Fln•n¢lal commltr•nt•, guarnnt••• and eonllng•nt Il•blllU• Operallng le¥$es for the P981or8' ac¢ommodaUon ara on Tollng 3 or 8 month contrActB. A$ 8uch, there 8r• no slgnlllcant ¢ommltmenls for the Church. 18 Rel•t•d party tranu¢tlon• There We no other di8¢1o$able Tel8t•d party tr8n8actlons12023'. NIL) 19 C••h g•n•ratsd from op•r•tlons 2024 2023 SuTplusl{d•flcltl for the year 271,790 1269,1851 Adlu8lmentE for.. Inve3tment thcome recoqnlsed In stslèment of fin8nci81 adlvllles Deprerl•tlon and ImpalMnI of property, plonl and equlpment 15341 11,355 11.0971 11,355 Movements In worklng raprtal.. llncre85elldecrease In trode and other Tecgivables Increase in trade and olh¢r payables 1366,2871 330 50,868 Ca•h •bJorbed by operallon8 183,3461 1208,039} 20 Analy•i¥ of change• In net fund• The chartty had rso material debt durlng the year. 15-