Charity Accounts Intelreading the accounts so you don’t have to

STONEWAY CHURCH

Registered charity 1188918 · accounts filings on the Charity Commission register

Hold weekly Christian worship services in the Reading area.

Causes: General Charitable Purposes · Religious Activities · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£834k
Latest spending
£562k
Registered
2020
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported a net expenditure deficit of £269,165 for the year ended 31 December 2023, resulting in a decrease in unrestricted reserves from £674,512 to £405,347. The trustees note that the charity is in its early stages and has deferred setting a specific reserves policy target until recurring costs are better understood. Despite the deficit, the trustees consider going concern not to be a high risk given the high level of unrestricted reserves held at year-end.

Automated summary of the FY2023 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Payments to trustees: Trustee Brian Schneider received remuneration of £100,489. One trustee was reimbursed for expenses of £10,570.
“Trustee Brian Schneider received remuneration in the year of £100,489 (2022:£109,565) One trustee was reimbursed for Church running and administration related expenses totalling £10,570 (2022: Four trustees reimbursed £27,875 ).” — page 15
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Trustee remuneration
“Trustee Brian Schneider received remuneration in the year of £100,489 (2022:£109,565) One trustee was reimbursed for Church running and administration related expenses totalling £10,570 (2022: Four trustees reimbursed £27,875 ). The trustees have donated an aggregate sum of £37,866 (2022:£67,861) to the charity.” — page 15
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 3 of 6 completeness components.

Public profiles (found on the charity’s own website): instagram

Structured financials (annual return, FY ending 31/12/2024)

Total income
£834k
Total spending
£562k
Reserves (reported)
£653k
Employees
4

Reported reserves equal ~13.9 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (99% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Reading

Income and spending

Financial year endIncomeSpending
31/12/2024£834k£562k
31/12/2023£258k£527k
31/12/2022£392k£482k
31/12/2021£812k£48k
31/12/2020£0£0

Common questions

Is STONEWAY CHURCH financially healthy?

Per its FY2023 accounts: The accounts state that the charity reported a net expenditure deficit of £269,165 for the year ended 31 December 2023, resulting in a decrease in unrestricted reserves from £674,512 to £405,347. The trustees note that the charity is in its early stages and has deferred setting a specific reserves policy target until recurring costs are better understood. Despite the deficit, the trustees consider going concern not to be a high risk given the high level of unrestricted reserves held at year-end. Its FY2023 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREYFRIARS READING1£49k
BERKSHIRE COMMUNITY FOUNDATION1£13k
THE EARLEY CHARITY1£4k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ST LAURENCE.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
STONEWAY CHURCH£834k——unclear—no doubt
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ST LAURENCE FY2025£128k—0unclear—no doubt
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANDREW, READING STREET FY2024£259k—0unclear—no doubt
WHETSTONE BAPTIST CHURCH FY2024£593k—0unclear—no doubt
ROCK OF SALVATION APOSTOLIC CHURCH FY2025£119k—0unclear—noted
WHADDON ROAD EVANGELICAL PRESBYTERIAN CHURCH FY2025£136k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.