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 a￿￿U￿￿ng 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[s￿an 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$hlp
musk, Blble lea¢hlng and prayer. A kld's program w83 run e8th Sunday whtre members of the chur¢h cared for the
¢hlldren and laught the older children from the Bible. We contlnued to hold Iralnlngs throughout Ihe year on lh•
beliefs and values of Ihtr ¢huTch in lour sepBrgle sesslons offared fv4ice per year each. We hosted other If8inlngs as
well on tOPiC8 Indudln9 Blblical parenling and praying for olher people. Monthty, the church galhered on Sunday
afternoon for more wor8hlp, Blble teachlJ)g and pr•yfjr and lo lalk about the state of the church ond the future
difeclion.
We hosted Individval event8 wllh an OU￿1rd locus lo the ¢ommunlty Indudln9 0 Lunar New Yigr Party wth a large
me81 from a variety of culture5 throughout the worfd, 8 Party In 8 local park with food and inflatable3 for kids, kld$
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 rece￿8 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 ac￿Mmodate 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• bAp￿zed fNe new Christlan8 ¥tho have come to fallh In Jesus and Seen olhers In the
proce85 a8 Ih•y contlnue to leam and ex￿rience 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$.
Fln•ncl•l r•vl•w
During the prior year the charlty fecelved a 51gnlfficpnt 8mount of Incorne from our supporters In the USA, lo fund th8
proce58 of planung Ihe Church. In 2024. to￿1 Income was £834,01912023.. £257,668), wlh 8 8urplu$ 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 cc￿8(￿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 InCo￿Orated 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 Dèa￿8( £.
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•
purpo￿3 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 recOgn￿ed once the ¢harlty h89 been notlfled
of the donatlon, unless perfomiAnce Eondrtion¥ fequir$ deferral of the amount. Income l?x le￿verable 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
Ce￿lIngent 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 r￿ognIsed 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$lment5 with original maturities of thra• month8 or le88, and bank 0￿rdraft8. Bank ov•rdTaft$ 8re shovm
wrthin borrowing¥ In current li8blllUes.
1.9 Finonclal In•trum•nt¥
The rhority ha3 #lected to 8pply the provi$lon6 01 Sectiw 11 'Baslc Finpndal In31ruments' and SeclSon 12
'other Flnanrial Instruments Issu86' of FRS 102 to all of Ils financtal Instrum8ntS.
Flnancl81 Instruments arè recognis•d in the thgrlty's balanee sheet when the chaTIty be￿M¢S paty lo the
contracluol provision$ 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 ￿cOgnIs￿d 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 arnO￿5ed.
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 suppl￿rS. Arnounts payable arè cl8ssified 85 Cur￿nt 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 R￿lf•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 re￿￿10n 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
Unre*trl¢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
EXpendI￿re 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
Ne￿ork 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 add￿On lo the cu8ts outllned above, Manse 8￿mMOdatIon wa8 provlded by the Church for •ath of the
three Pa$lor8.
The number of employees whose annu81 ￿rnun•T&1I0n was mor• thgn £eo,c4JO
14 a8 follows..
2024
Numb•r
2023
Numb•r
£80,OLY>£g0,000
£100,000- £110.000
11 Ta￿tIOn
Th? tha￿ty18 exempt from laxyllon on Its •ctlvNle$ b¢cause 811 Its In¢om8 Is 8ppII?d for ch41lla￿e 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 Im￿1r￿•￿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 Spe￿f￿ 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 ImpalM￿nI 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-