A charity r•glst•red In England and Wal
Charlty Number: 1130094
THE PAROCHIAL CHURCH COUNCIL
OF THE ECCLESIASTICAL PARISH OF
KE￿ERING CHRIST THE KING
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
KETfERING CHRIST THE KING
YEAR ENDED 31 DÈCEMBER 2023
CONTENTS
Page
Referen￿ and Admlnistrative details
Annual Report of the Parochial Church Council
Independent Examlner's Report
Statement of Financial Activities
Balan￿ Sheet
Accounting Policies
9-10
Notes to Accounts
11-12
Page I

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
KerrERING CHRIST THE KING
YEAR ENDED 31 DECEMBER 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Charlty Registratlon Numbor
1130094
Prlnclpal pla￿ of Operatlons
Deeble Road
Ketterlng
Northampton5hire
NN15 7AA
Webslte
www.ctk.org.uk
Incumbent
The Revd Canon Dr Rob Bewley
Associate Vlcar
The Revd Sarah Bennett
Churchwardens
Julia Welch
Steve Atkin5
Secretsry
Maureen Lleplns
Treasurer
Robert Dore (until 15 May 2023)
Kate Oxford (from 15 May 2023)
Mlke Oxford (from 15 May 2023)
Xndependent Examiner
Brett Cook FCCA ACA
Headlands House
l Klngs Court
Ketterlng
Bankers
Vlryin Money [prevlously Yorkshlre Bank]
Page 2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
KETTERING CHRIST THE KING
YEAR ENDED 31 DECEMBER 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Parrfhial Church Councll
The members of the Parott*lal Church Council are its Charity Trustees. Those who
served durlng the year and to the date of this report (unless othernlse stated) are as
follows:
The Revd Canon Dr Rob 8ewley
t* Steve Atkins
* Matt Bell
The Revd Sarah Bennett
Marsh?11 Bonneval-cox
Andrew Bubeer
t Robert Brown
t Ady Carman
Sablna Davles
steve Dodman
t Robert Dore
stefanle Gardner
Helen Hames
lan Hames
t Roger Hamlet
t Steven HS11
t Andrew Hotchln
Ruth Jame5
Kate Oxford
Karen Robinson
Mark Robinson
Carole Smlth
Kal-Nneka Townsend
Julia Welch
stuart Welch
(Chalr)
(Vi￿-chaIr)
(untll 15 May 2023)
(Deanery Synod from 15 May 2023)
(until 15 May 2023)
(untll 15 May 2023)
(untll 30 November 2023)
(until 30 November 2023)
(until 31 De￿rnber 2023)
(from 15 May 2023)
(from 15 May 2023)
(from 15 May 2023)
(from 15 May 2023)
(untll 15 May 2023)
(until 15 May 2023)
(from 15 May 2023
t Deanery Synod Representative
Ex-officio
(Members of the Clergy, and the Churchwardens are ex-offiuo members of the
Council)
Page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
KE￿ERING CHRIST THE KING
YEAR ENDED 31 DECEMBER 2023
REPORT OF THE PAROCHIAL CHURCH COUNCIL
The member5 of the Pa rochial Church Council present their annual report as trustees of the charity
for the year ended 31 December 2023, together with the accounts for the year. The accoLJnts
have been prepared in accordance with the Church Accounting Regulations 1997 and the Charities
Act 2DII, which requires the methods and principles of the Charities Statement of Recommended
Practice (SORP) to be followed.
Reference and Adminlstrative Information
The church was formed in 1969 as a daughter church of the neighbouring Parish of St Botolph's.
In 1987 the current church building was dedicated and in 1995 Christ the King became a Parish
in its own right. It is now a registered charity (no. 1130094). Reference and administrative
detalls are shown on pages 3-4,
Structure. Governance and Management
Members of the PCC are eletted at the Annual Parochial Church Meeting for a period of one year,
other than Deanery Synod representatives who serve a three-year term. The PCC is empowered
to co-opt additional members until the next APCM if there are vacancies. The PCC nomially meets
monthly.
The PCC is required by law to have a Standing Committee, which normally meets slx times a year.
Its membership comprises the Incumbent, Wardens, Treasurer and one congregational
representative.
Objectives and Actlvltles
The PCC of Christ the King has the responsibility of sharing with the incumbent the oversight and
development of the whole mission of the church within its ecclesiastical Parish.
In practical terms this will include providing a church buildingi Staff and other resource5 to provide
and grow Christian (Anglican) worshlp, prayer and teaching that is accessible to all. We will offer
pastoral support and community outreach activities within the parish and nearby area within the
context of a Christian ethos and support Christian mission beyond the parlsh. More detsils about
the Church'5 vision can be foLbnd on its website www.ctk.org.uk.
Achlevements and Performance
The ministries have continued to stabilise and we have started to see slgns of regrowth. We have
been able to make meaningful progress towards our annex build, compSeting and funding all
major construction works. Reports from clergy and other Church groups for the year are publlshed
separately at the Annual Parochial Church Meeting a nd are available from the Church Office.
Financial Review
The Church's principal source of income is the voluntary giving of its members. When this is gift
alded, the church is able to reclaim basic rate income tax on the givingi UP to 25010 of the net gift.
The results for the year are shown in the attached accounts. The net incoming resources for the
year amounted to a deficit of £356,459 inclusive of money ralsed for the Building Fund (2022
£29,828).
Page 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
KEThERING CHRIST THE KING
YEAR ENDED 31 DECEMBER 2023
REPORT OF THE PAROCHIAL CHURCH COUNCIL
A deficit of £6,621 (2022 - £20, 166 surplus) was incurred in respect of the ordinary artivities of
the Church (i.e. excluding restrlcted funds). The PCC Is working actively to encourage Increased
giving income and to manage expenditure and considers it has sufficient resources to maintain
the existing mission activity of the church at the present time.
Reserves Pollcy
Under the reserves policy adopted by the PCC it was determined that the charity should maintain
between two and three months ordinary income as free reserves in order to enable the church's
cash resources to be managed efficlently (l.e. a IlquSdity reserve) and a contingency reserve
sufficient to cover (i) up to 18 months of income shortfall in circumstances where there is
uncertainty as to futu￿ operating Surpluses (li) contingent liabilities and costs that could occur in
the case of the church having to restructure (e.g. redundancy) and (iii) against any emergency.
Free reserves are represented by the balance on the General Fund which at 31 December 2023
amounted to £87,869.
The PCC has reviewed its reserves and considers them to be sufficient as required under the
reseNes policy.
statement of Trustees. Responslbllltles
The law applicable to charitles in England & Wales requlres the Trustees to prepare financlal
statements for each financial year which give a true and fair view of the state of affairs of the
charity and of the incoming resources and application of resources of the charity for that period.
In preparing these financial statements, the Trustees are required to:
Select suitable accounting policies and then apply them consistently.
Observe the methods and principles in the Charities SORP.
Make judgements and estimates that are reasonable and prudent.
State whether applicable accounting standards and statements of recommended practice
have been followed, subject to any material departures disclosed and explained in the
financial statements.
Prepare the financial statements on a going concern basis unless it is inappropriate to
presume that the Trust will continue in business,
The Trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the
financial statements comply with the Charities Act 2011.
They are also responsible for
safeguarding the assets of the charity and hence for ta king reasonable steps for the prevention
and detertion of fraud and other irregularities.
Approved by the Parochial Church Council on 15th April 2024 and signed on their behalf by:
Vice Chair
Page 5

ZNDEPENDENT EXAMINeR'S REPORT
TO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARXSH
OF KErrERING CHRIST THE KING
Thls report on the accounts of the Parochlal Church Council for the year ended 31
December 2023. which are set out on pages 7 to 12, is in respect of an examlnatlon carrled
out under Regulatlon 3(3) of the Church Accountlng Regulatlons 1997 and 5.145 of the
Charlties Act 2011.
Respectlve responslbilities of trust￿$ and examlner
As the members of the Parochial Church Council you are responslble for the preparatlon
of the accounts; you conslder that the audlt requlrement of Regulation 3(3) of the Church
Accounting Regulations 1997 and sectlon 144 of the Charltles Act 2011 (the Act) do not
apply and that an Independent examlnation is needed. The Church's gross Income
exceeded £250,000 and l am qualified to undertake the examination by being a qualifSed
member of the Institute of Chartered Accountants in England and Wales. It is my
responslblllty to issue thls report on those accounts in accordance with the terms of the
regulatlons made under sectlon 154 of the Act.
Basls of Independent examIne￿S statement
My examlnation was carried out In accordance with General Directions glven by the Charlty
Commission. An examination Includes a review of the accounting records kept by the
Parochlal Church Councll and a comparison of the accounts presented wlth those records.
It also Includes consideration of any unusual Items or disclosures In the accounts and
seeking explanatlons from the trustees concernlng any such matters. The procedures
undertaken do not provlde all the evidence that would be ￿qUIred In an audit. and
consequently I do not exp￿5$ an audlt opinion on the accounts.
Independent examlner's statement
In the course of my examination, no matter has come to my attention:
(l) which glves me reasonable cause to believe that, In any materlal ￿SpeCt, the
Parochlal Church Councll have not met the requirements to ensure that:
proper accountlng records are kept In accordance wlth sertlon 41 of the Act.
and
accounts are prepared whlch agree wlth the accountlng records and comply
with the accounting requlrements of the Art,. or
(li) to which, In my oplnlon, attentlon should be drawn in order to enable a proper
understsnding of the accounts to be reached.
Brett Cook FCCA ACA
Hea(Ilands House,
l Kings Court.
Kettering
Date:
I¥ MV 2oLf
Page 6

PAROCHIAL CHURCH COUNCIL OF CHRIST THE KING, KEThERING
YEAR ENDED 31 DECEMBER 2023
STATEMENT OF FINANCIAL ACTIVITIES
Unrestritted
Funds
Restricted
Funds
2023
Total
2022
Total
Note
Incoming resources:
From generated fvnds
Voluntary income
Inve5trnent income
280,899
2,852
135,093
13,148
415,992
16,000
307,682
2,276
From Church activities
14,478
14,478
12,316
Other Income
28,001
Total Incomlng resources
298 229
148 241
446 470
350 275
Resources expended:
Church activities
304,850
498,079
802,929
320,447
rotsl resources expended
304 850
498 079
802 929
Net movement in funds
6,621
349,838
356,459
29,828
Reconcillatlon of Funds
Total funds brought forward
94,490
556,854
651,344
621,516
Total funds carrled forward
207 016
294 885
The notss on pages 9 to 12 form part of these Accounts
Page 7

PAROCHIAL CHURCH COUNCIL OF CHRIST THE KING, KEThERING
YEAR ENDED 31 DECEMBER 2023
BALANCE SHEET
Note
2023
2022
Fixed assets:
Tangible assets
Current assets:
Debtors
Cash at bank and in hand
19,796
282,938
302,734
661 562
Liabilities:
Creditors: amounts falling due in les5 than one year
(7,849)
(10,218)
Net current assets
294,885
651,344
Net Assets
294.885
Funds of the charity:
Restricted funds
Unrestricted funds
207,016
87,869
556,854
94,490
Total Charity funds
651,344
Approved by the PCC on 17th June 2024
and signed on their behalf by..
Steve Atkins
Vice Chair
Mike and Kate Oxford
Treasurers
The notes on pages 9 to 12 fomi part of these Ac¢ouftts
Page 8

PAROCHIAL CHURCH COUNCIL OF CHRIST THE KING, KETfERING
YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
8¥1$ of preparatlon
The financial statements have been prepared under the historical cost conventlon and in accordance with the
Church Accounting Regulat￿n5 1997 together with Accountlng and Reportlng by Charltle$ Statement of
Recommended Prartlce applicable to charlties p￿ParIng their accounts In accordance wlth the Flnanclal
Reportlng Stsndard appllcable In the UK and Republic of Ireland IFRS102} leffectlve l January 2015-
Icharities SORP (FRS102)), the Financial Reportlng Standard applicable In the UK and Republic of Ireland
{FRS102).
The accounts Include all transartions, assets and Ilabilities for whlch the PCC Is ￿spOns[ble In law. They do
not Include the accounts of church groups that owe their maln afflliatiun to another body nor those that are
Inft*mial gatherSngs of Church members.
Funds
Any grants or donatlons recelved for a speclflc purpose are treated as restritted fiJnds. Detalls are glven In
the to the accounts. Any funds deslgrtated for a spedftc purpose by the PCC are treated as
unrestricted,
The General Fund represents the funds of the PCC that are not subjett to any restrlctlons re9arding thelr use
and are avallable for appllcatlon on the general purposes of the PCC.
Incoml#g rawurces
Voluntary Income aftd ¢atytal sources
Collectlons are recognlsed when ￿CeIved by or on bèhalf of the PCC.
Planned glvlng receivable under covenant Is recognlsed only when recelved.
Income tax recoverable on covenants or glft aid donatlons is recognlsed when the income Is recognised.
Grants and legacles to the PCC are accounted for as soon as the PCC Is notifled of ￿ legal entitlement and
the amount due.
Fund5 ralsed by evènts and attlvltles are accountsd ftTrr gross.
Other ordinary income
Rental Income from the lettlng of church premises is recognised when the rental Is due.
Ttcket sales for events, conferences or courses are recognlsed on the date of the event
Income from Investments
Interest Is accounted for when recelvable. Tax recoverable on suth incorne Is recognlsed in the same
accountiny year.
Resources used
Grants
Grants and donatlons are a¢counted for when pald over, or when awarded, If that awanl creates a blndlng
obllgation on the PCC.
Activitles directly ￿latIng to the work of the Church
The Parlsh Share Is accounted for when pèyable. Any portlon unpald ot the year end Is provlded for In these
accounts In recognltlon of an tsperational {but not a legal) Ilab111ty.
Plx•d as$et$
Consecrated land and bulldlngs and movable church furnlshlngs
Consecrated and beneflced property is excluded from the accounts by s.10(2)(a) of the Charltles Act 2011.
othÈr fi)tures, flttings and Offi￿ e4u1pn￿nt
Equipment used withlt) the church premlses Is depre¢lated on a stralght Ilne basis over 4 yèar5. Indivldual
items of equlpment with a purchase pdce of £1,000 or less are wrftten off when the asset is acqulred.
No value Ss placed on movable thurch furnishln9s held by the churchwardens on special twst for thè PCC and
whkh ￿Quire a faculty for dlsposal Since the PCC conslders thls to be inalienable pn>perty. All expendlture
Incurred durin9 the year on ttsnsecrate¢J or beneflce bubldings and movable Church furnlshlngs, whether
MaIntenan￿ or improvement. is wrlttert off as expenditure in the SOFA and separately d15¢1osed.
Current assets
Short temi deposlts include cash held on deposlt elther wlth cc￿ or at the bank.
OperatSng leas•s
Rentals appllcable to operating leases are charged to the Statement of Flnanclal Artlvlties on a stralght Ilne
ba51s over the perlod in whlch the cost is incurred.
Page 9

PAROCHIAL CHURCH COUNCIL OF CHRIST THE KING, KErrERING
YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POUCIES contlnued
Christ the Klng Church partlcipJte5 In the Penslon Bullder Scheme section of CWPF ft*r lay staff. CWPF Is
admlnistÈred by the Church of Engljnd Penslons Board, whl¢h hold5 the WPF asset5 separately frorn those
of the Employer and other partttipating employe
CWPF has tbyo sÈctions:
i. the Defined Benefits Scheme
2. the penslon Bullder Scheme whlch has two subsections;
a. a deferred annuity 5ertlon known as Penslon 8uilder Classlc, and
b. a cash balance 5ertlon known as Pen51ons 3ullder 2014.
Pen$lon Bulld•r Scheme
80th 5ectlons of the Penslon 8ullder Scheme a￿ ¢lassed as defined benefit sthemes.
Penslon aulldér Classlc provldes a pension, accumulated trom ¢ontrfbutlons pald and converted Into
deferred annu4ty during employment based on terms set and revlewed by the Church of England Penslons
Board from tlme to tlme. Dlscretionary increases may also be added, dependlng on Investment returns and
other factors.
Penslon Bullder 2014 Is a cash balance s¢heme that provkles a lump sum whlch member5 Use to
provide beneflts at retyrement. Penslon contribuuons are recordèd in an account for each member.
Dlscreuonary bonuses may be adée(I before retirement, dependlng on Investment rettsms and other
fartors. The accoun1* plus any bonuses declared Is payable. unreduced, from age 65.
There Is no sub-division of assets between employers In eath 5ecLlon of the Penslon 8ultder Scheme.
The stheme Is consldered to be a multl-employer scheme as de5C￿be￿ In Sectlon 2B of FRS 102. Thls Is
because it Is nol possible to attribute the Pension Builder Scherne's assets and Ilabllitles ro 5peciflc
employers and means th& contributlons are èc¢tsunted for as If the Scheme were a defined contrlbutlon
scheme. The pensions costs Charged to the SOFA In the year are the contributions payable (2023: É4563
and 2022: £1716).
A valuauon of the Pension Bullder Stheme Is carrted out On￿ every three years. The most recent valuatlon
wa5 caryled out as at 31 December 2019.
For the Penslon Bullder Classi¢ sectlon, the 2019 valuatlon revealed a defldt of É4.8m on the ongolt)g
assumpttons used. At the most recent annual review effertlve l JanLtary 2024. the Board chose to grant
dlscretionary bonus of 6.7% to both pensions not yet In payment and pensions In payment in respect of
servlce prior to April 1997; and a bonus on penslons In payment in respert of post Aprll 2006 5ervSce so
that the penslon 5ncrease was 5% (where usually it would be calculated based on Snnatltsn up to 2.5%).
Thls lolioweil Improvements In the funding posltitsn over 2023. There is no requiiefflent for deflclt
payment5 at the current tsffle.
For the Pen51on Bullder 2014 sertlon. the 2019 valuatlon revealed a surplus of £5.5m on the ongoing
assumpknons used. There Tr5 no requlrement for deftdt payments at the cu￿ent tlme.
The T*xt valuatlon Is due as at 31 December 2022. Calculatlons for this are currenuy under way.
The le9al strurture ol the scheme Is such that if another employer fai15, the Parochlal Church Council of
Chrfjst the King Church could become responsible for paylng a share of the falled employerfs penslon
Ilabfjlltfjes.
Page 10

PAROCHIAL CHURCH COU14CIL OF CHRIST THE KING. KErrERING
YEAR ENDED 31 DECEMBER 2023
NOTES TO THE ACCOUNTS
VOLUNTARY INCOME
UnreSt￿cted
Funds
Restricted
Funds
2023
Total
2022
T¢)tal
Planned 9lvlng
Glft ald recelved
Plate offerin95
Speclal offerln95
Grants and other voluntary income
221,955
47,015
2,303
7,447
221,955
69,384
2,303
116,056
12l,846
51,400
4,777
25,221
22,369
108.609
2BO 899
135 093
415 992
307 682
2. INCOME FROM CHURCH AcnvITJES
Unrestrlrted
Funds
Restrkt•d
Funds
2023
Total
2022
Total
Church and communlty aCtiv￿leS
Childrens and youth artSvit*s
Tralning courses
Servlce fee5
Hlre of church
other
170
7.259
170
7,259
90
5.622
3,674
3,375
3.674
3,375
4,242
2,117
245
RESOURCES EXPENDED
UnreS￿rted
Funds
Restritted
Funds
2023
Total
2022
Total
Note
Charitable glvlng
Staff costs
Padsh shar¢
Church activltles
Suppert costs
27,384
84,256
155,275
8, 176
10,363
7,16S
37.747
91.421
155,275
9,313
3b
39,246
81,144
155,275
11,130
3c
3d
1,137
304 850
325 354
3a
Charftable givlng..
Mlssionary support
Other
27.384
8.825
36,209
37,346
3b
staff costs
staff salarfes and NIC
pen￿On contributlons
Total employment costs
Stsff houslng
Recruotment. tralnlng and expen
80.843
5,840
86,683
76.263
63.406
5,840
89,246
78,979
850
Church artlvitles
Worship & pastoral care
Disclple5hip trainlng
Youth and chlldrens ministries
Community events
3,164
428
4,584
1,137
4,301
428
4,584
5,579
1.129
4.422
Pau¥ 11

PAROCHIAL CHURCH COUNCIL OF CHRIST THE KING, KETTERING
YEAR ENDED 31 DECEMBER 2023
NOTES TO THE ACCOUNTS
Unrestricted
Fund5
Restritted
Funds
2023
Total
2022
Total
3d
Support Costs
Administration and insurance
Commuriications and equipment
Bulldlng and grounds malntenance
5,077
6.253
7,235
l L,194
5,077
6,253
9,074
11,194
5,389
8,337
10,665
9,261
1,839
Depreclation
3e
Beyond these Wall Projert
Annex - initial build phase
477 575
477 575
477 575
477 575
GOVERNANCE COSTS
None of the trustees re￿iVed any remuneration or expenses for acting as trustee during the year.
FIXED ASSFrs
MusSc
Equipment
Annex
other
Total
s at l Janu)ry 2023
Additlons
as at 31 December 2023
21,222
21,309
42,531
21,222
21,309
42,531
as at L January 2023
Additions
as at 31 December 2023
21,222
21,309
42,531
21,222
21,309
42,531
as at l January 2023
as at 31 December 2023
DEBTORS
2023
2022
Income tax receivable
Other dèbtor5 and prépayments
19,796
7. CREDITORS
2023
2022
Accrued expenses
8. SUMMARY OF FUND MOVEMENTS
Transfer
between
funds
Balance at
l Jan 2023
ReX>ur￿5
expended
Balottr at
31 Dec 2023
Incomlng ￿￿r¢e$
Restrirt•(J Funds
Bullding Fund
Direrted gifts
534,640
22,2L4
556.854
127,217
21,024
148,241
1477,5751
20,504
(498,0791
3,000
3,000
187,282
19,734
207,016
Unrestrirted fvnds
Genernl Fund
94,490
298 229
304.850
87,869
Total Funds
651,344
446 470
802,929
294,885
Page 12