It is the so-called Funningsmannasteinur, (“The stone of the man from Funningur”), which was situated in the harbour c. 10-15 meters from the shore at Toftanes in the northerly part of the village..
“The man from Funningur”, who allegedly gave name to the stone, was Heini Andreesen (1771-1850) – known as “Heini bóndi í Jákupsstovu í Funningsgjógv”. Petur Jacob Sigvardsen describes the episode on page 262 in his book Úr Gjáar søgu. Gamla tíðin 2 (Tórshavn 2001):
»Heini var tilitikin at vera orðaríkur maður. Siður var undan jólum at fara til Havnar tilhandils við øllum teimum vørum, sum virkaðar vóru í heiminum, og at keypa tað, ið tørvaði av handilsvørum.
Einaferð, tá ið teir fóru norður aftur, og myrkt var á kvøldi, men gott veður, róðu teir seg upp á land við Leirvík. Eingin var mannskaðin; men teir mistu allan farmin og teir 100 ríkisdálarnar, sum Heini hevði í matskríninum.
Tá ið Leirvíksfólk harmaðust um tað, ið hent var, svaraði Heini: „Einki er at harmast um: skaðin er lítil, men skommin er stór at rógva seg á land!“«.
»Heini was known as a man rich of words. He traditionally travelled to Tórshavn at Christmas time every year to trade all the goods produced in his house, and to purchase the commodities, which his household needed.
Once on their way back northwards from Tórshavn on a dark evening, but in fine weather, they rowed the boat aground in Leirvík. Nobody got hurt, but they lost the entire cargo and the 100 rix-dollar, which Heini stored in the lunch box.
When the people of Leirvík pitied what had happened, Heine replied: „There is nothing to pity: the damage is small, but it is a big shame to row aground!“«.
On 20. January 2011 the filling up of the harbour in front of Toftanes had come to the stage, when Funningsmannasteinur was about to be covered forever. An agreement was made to save the stone, which has now been placed on a corner at the entrance to the pier in front of Toftanes.