A charlty registered In England and Wales
Charity Number: 1130094
THE PAROCHIAL CHURCH COUNCIL
OF THE ECCLESIASTICAL PARISH OF
KETTERING CHRIST THE KING
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
KErrERING CHRIST THE KING
YEAR ENDED 31 DECEMBER 2024
CONTENTS
Page
Reference and Administrative details
Annual Report of the Parochial Church Council
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Accounting Policies
9-10
Notes to the Accounts
11-12
Page I

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
KEThERING CHRIST THE KING
YEAR ENDED 31 DECEMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Charlty Registration Number
1130094
Prlnclpal Place of Operatlons
Deeble Road
Kettering
Northamptonshire
NNIS 7AA
Webslte
www. ctk. org. uk
Incumbent
The Revd Canon Dr Rob Bewley
Assoclate Vlcar
The Revd Sarah Bennett
Churchwardens
Julia Welch
Steve Atkins
Secretary
Maureen Liepins
Treasurer
Kate Oxford
Mlke Oxford
Independent Examlner
Brett Cook FCCA ACA
Headlands House
l Klngs Court
Kettering
Bankers
Virgin Money [prevlously Yorkshire Bank]
Page 2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
KETTERING CHRIST THE KING
YEAR ENDED 31 DECEMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Parochlal Church Council
The members of the Parochial Church Council are its Charity Trustees. Those who
ser4ed during the year and to the date of this report (unless otherwlse stated) are as
follows..
The Revd Canon Dr Rob Bewley
t* Steve Atkins
t Matt Bell
The Revd Sarah Bennett
Andrew Bllney
Marshall Bonneval-cox
Corlnne Broughton
t Andrew Bubeer
t Ady Carman
Sablna Davies
Steve Dodman
t Steven Hlll
t Andrew Hotchln
Ruth James
Diane Johnson
Russell Kaye
Kate Oxford
Mlchael Oxford
Karen Robinson
Mark Robinson
Adrian Weal
Julia Welch
Stuart Welch
(Chair)
(Vice-chair)
(from 13 May 2024)
(until 13 May 2024)
(from 13 May 2024)
(until 21st October 2024)
(until 13 May 2024)
(until 6 December 2024)
(untll 13 May 2024)
(from 13 May 2024)
(from 13 May 2024)
(from 13 May 2024)
(from 13 May 2024)
t Deanery Synod Rep￿sentatiVe
Ex-officio
(Members of the Clergyi and the Churchwardens are ex-officio members of the
Council)
Page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
KEThERING CHRIST THE KING
YEAR ENDED 31 DECEMBER 2024
REPORT OF THE PAROCHIAL CHURCH COUNCIL
The members of the Parochial Church Council present their annual report as trustees of the charity
for the year ended 31 December 2024, together with the accounts for the year. The accounts
have been prepared in accordance with the Church Accounting Regulations 1997 and the Charities
Act 2011, which requires the methods and principles of the Charities Statement of Recommended
Practice (SORP) to be followed.
Reference and Admlnlstrative 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
details are shown on pages 3-4.
Structure, Governance and Management
Members of the PCC are elected at the Annual Parochlal 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 addltional members untll the next APCM if there are vacancles. The PCC normally meets
monthly.
The PCC is required by law to have a Standlng Committee, whlch normally meets six times a year.
Its membership comprises the Incumbent, Wardens, Treasurer and one congregational
representative.
Objectives and Activltles
The PCC of Christ the King has the responslblllty of sharSng wlth the Incumbent the oversight and
development of the whole mlsslon of the church wlthln Its eccleslastlcal Parish.
In practlcal terms thls will Include providlng a church buildingi Staff and other resources to provide
and grow Christlan (Angllcan) worship, prayer and teachlng that is accessible to all. We will offer
pastoral support and communlty outreach actlvlties within the parlsh and nearby area within the
context of a Chrlstian ethos and support Christian mission beyond the parish. More details about
the Church's vision can be found on its website www.ctk.org.uk.
Achlevements and Performance
There has continued to be growth across our ministries, however the year has been challenging
for the church, which has resulted in limitations for some areas. Further works have been
undertaken on the annexe build and we have completed first fix. Unrestricted income was lower
than anticlpated for the year, decisions were taken to reduce expenditure to ensure reserve
balances were within policy. Reports from clergy and other Church groups for the year are
published separately at the Annual Parochlal Church Meetlng and are available from the Church
Office.
Financial Revlew
The Church's princlpal source of income is the voluntary giving of its members. When this is gift
aided, the church is able to reclaim basic rate income tax on the giving, up to 250/0 of the net gift.
Page 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
KEThERING CHRIST THE KING
YEAR ENDED 31 DECEMBER 2024
REPORT OF THE PAROCHIAL CHURCH COUNCIL
The results for the year are shown in the attached accounts. The net incoming resources for the
year amounted to a deficit of £191,220, inclusive of money raised for the Building Fund (2023
£356,459 deficit).
A deficit of £24,043 (2023 - £6,621 deficit) was incurred in respect of the ordlnary activities of
the Church (i.e. excluding restricted 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 determlned 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 efficiently (l.e. a Ilquldlty reserve) and a contingency reserve
sufficient to cover (i) up to 18 months of income shortfall in clrcumstances where there Is
uncertainty as to future operating surpluses (li) contingent liabllltles and costs that could occur in
the case of the church having to restructure (e.g. redundancy) and (lil) against any emergency.
Free reserves are represented by the balance on the General Fund whlch at 31 December 2024
amounted to £63,826.
The PCC has revlewed its reser4es and conslders them to be sufficient as required under the
reserves policy.
Statement of Trustees, Responslbllltles
The law appllcable to charltles In England & Wales requSres the Trustees to prepare flnancial
statements for each flnanclal year which glve a true and fair vlew of the state of affairs of the
charity and of the Incoming resources and appllcatlon of resources of the charity for that period,
In preparlng these financial statements, the Trustees are requlred to:
Select suitable accounting pollcies and then apply them conslstently.
Observe the methods and principles in the Charltles 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 materlal departures disclosed and explained in the
flnanclal statements.
Prepare the financial statements on a going concern basls 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 tlme the financial position of the charity and enable them to ensure that the
financlal statements comply with the Charities Act 2011.
They are also responsible for
safeguarding the assets of the charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Approved by the Parochial Church Council on
and signed on their behalf by:
Vice Chair
Page 5

INDEPENDENT EXAMINER'S REPORT
TO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF KE￿ERING CHRIST THE KING
This report on the accounts of the Parochial Church Council for the year ended 31
December 2024, which are set out on pages 7 to 12, is in respect of an examination carried
out under Regulatlon 3(3) of the Church Accounting Regulations 1997 and s.145 of the
Charities Act 2011.
Respectlve responslbllltles of trustees and examiner
As the members of the Parochial Church Councll you are responslble for the preparation
of the accountsi you consider that the audit requirement of Regulation 3(3) of the Church
Accountlng Regulations 1997 and section 144 of the Charities Act 2011 (the Act) do not
apply and that an Independent examlnation is needed. The Church's gross income
exceeded £250,000 and I am qualifled to undertake the examination by being a quallfied
member of the Institute of Chartered Accountants In England and Wales. It is my
responslblllty to Issue thls report on those accounts Sn accordance wlth the terms of the
regulations made under section 154 of the Act.
Basls of Independent examlner's statement
My examlnat5on was carried out In accordance with General Directions given by the Charity
Commlssion. An examlnatlon includes a review of the accountlng records kept by the
Parochial Church Council and a comparlson of the accounts presented with those records.
It also Includes consideratlon of any unusual Items or disclosures In the accounts and
seeking explanations from the trustees concerning any such matters. The procedures
undertaken do not provSde all the evldence that would be required In an audlt, and
consequently I do not express an audlt opinion on the accounts.
Independent examlner's statement
In the course of my examlnatlon, no matter has come to my attentlon:
(l) which glves me reasonable cause to believe that, in any materlal respect, the
Parochlal Church Councll have not met the requirements to ensure that:
proper accounting records are kept in accordance with section 41 of the Act.
and
accounts are prepared which agree with the accounting records and comply
wlth the accountlng requirements of the Act; or
(11) to which, In my opinion, attentlon should be drawn in order to enable a proper
understandlng of the accounts to be reached.
Brett Cook FCCA ACA
Headlands House,
l Kin85 Court,
Kettering
Date:
26 2olJ
Page 6

PAROCHIAL CHURCH COUNCIL OF CHRIST THE KING, KETTERING
YEAR ENDED 31 DECEMBER 2024
STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Funds
Restricted
Funds
2024
Total
2023
Total
Note
Incoming resources:
From generated funds
Voluntary income
Investment income
224,257
4,218
49, 140
922
273,397
5,140
415,992
16,000
From Church activities
9,242
9,242
14,478
Other income
Total Incomlng resources
237 717
287 779
446 470
Resources expended:
Church activltles
261,760
217,239
478,999
802,929
Total resources expended
261 760
217 239
478 999
802 929
Net movement In funds
(24,043) (167,177)
(191,220)
(356,459)
Reconclllatlon of Funds
Total funds brought forward
87,869
207,016
294,885
651,344
Total funds carrled forward
103 665
294 885
The notes on pages 9 to 12 form part of these Accounts
Page 7

PAROCHIAL CHURCH COUNCIL OF CHRIST THE KING, KETTERING
YEAR ENDED 31 DECEMBER 2024
BALANCE SHEET
Note
2024
2023
Fixed assets:
Tangible assets
2,340
Current assets:
Debtors
Cash at bank and in hand
1,749
118 157
119,906
19,796
282 938
302,734
Liabilities:
Creditors: amounts falllng due In less than one year
(18,581)
(7,849)
Net current assets
101,325
294,885
Net Assets
103 665
294 885
Funds of the charity:
Restricted funds
Unrestricted funds
39,839
63,826
207,016
87,869
Total charity funds
103,665
294,885
Approved by the PCC on
and signed on their behalf by:
Steve Atklns
Vice Chair
Mike and Kate Oxford
Treasurers
The notes on pages 9 to 12 ftirm part of these Accounts
Page 8

PAROCHIAL CHURCH COUNCIL OF CHRIST THE KING, KEThERING
YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
Basis of preparation
The flnanclal statements have been prepared under the hlstorlcal cost convention and In accordance with the
Church Accounting Regulations 1997 together wlth Accounting and Reportlng by Charlties Statement of
Recommended Practlce appllcable to charities preparing their accounts In accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective l January 2015-
(Charities SORP (FRS102)), the Flnanclal Reporting Standard appllcable in the UK and Republic of Ireland
(FRS102).
The accounts include all transactions, assets and Ilablllties for which the PCC Is responsible In law. They do
not include the accounts of church groups that owe their main affillatlon to another body nor those that are
Informal gatherlngs of Church members.
Funds
Any grants or donatlons recelved for a speclflc purpose are treated as restrlcted funds. Detalls are glven In
the notes to the accounts. Any funds deslgnated for a speclflc purpose by the PCC are treated as
unrestrlcted.
The General Fund represents the funds of the PCC that are not subject to any restrlctlons regardlng thelr use
and are avallable for appllcatlon on the general purposes of the PCC.
Incomlng resources
Voluntary Income and capltal sources
Collections are recognlsed when received by or on behalf of the PCC.
Planned glvlng recelvable under covenant Is recognlsed only when recelved.
Income tax recoverable on covenants or glft aid donatlons Is recognlsed when the Income Is recognlsed.
Grants and legacles to the PCC are accounted for as soon as the PCC Is notlfled of Its legal entitlement and
the amount due.
Funds ralsed by events and actlvltles are accounted for gross.
Other ordlnary Income
Rental Income from the lettlng of church premlses Is recognlsed when the rental Is due.
Tlcket sales for events, conferences or courses are recognised on the date of the event
Income from Investments
Interest Is accounted for when recelvable. Tax recoverable on such Income Is recognlsed In the same
accountlng year.
Resources used
Grants
Grants and donatlons are accounted for when pald over, or when awarded, If that award creates a blndlng
obllgatlon on the PCC.
Actlvltles directly relatlng to the work of the Church
The Parish Share Is accounted for when payable. Any portlon unpald at the year end Is provlded for In these
accounts In recognitlon of an operational (but not a legal) Ilablllty.
Flxed assets
Consecrated land and bulldlngs and movable church fumlshlngs
Consecrated and beneflced property Is excluded from the accounts by s. 10(2){a) of the Charitles Act 2011.
Other fixtures, fittlngs and offlce equipment
Equipment used wlthin the church premlses is depreclated on a straight Ilne basls over 4 years. Indlvldual
Items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.
No value Is placed on movable church furnlshlngs held by the churchwardens on special trust for the PCC and
whlch requlre a faculty for dlsposal since the PCC considers thls to be inalienable property. All expenditure
Incurred durlng the year on consecrated or benefice bulldlngs and movable church furnishings, whether
maintenance or Improvement, Is wrltten off as expendlture in the SOFA and separately disclosed.
Current assets
Short term deposits Include cash held on deposit either wlth CCLA or at the bank.
Operating leases
Rentals applicable to operatlng leases are charged to the Statement of Financial Actlvities on a straight line
basis over the period in which the cost is incurred.
Page 9

PAROCHIAL CHURCH COUNCIL OF CHRIST THE KING, KEThERING
YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES continued
Chrlst the King Church participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is
administered by the Church of England Pensions Board, which holds the WPF assets separately from those
of the Employer and other partlcipating employers
CWPF has two sertlons:
i. the Defined Benefits Scheme
2. the penslon Bullder Scheme whlch has two subsectlons;
a. a deferred annulty section known as Penslon Builder Classlc, and
a cash balance sectlon known as Pensions 8ullder 2014.
Penslon Bullder Scheme
Both sections of the Pension Bullder Scheme are classed as deflned benefit schemes.
Penslon Bullder Classlc provides a penslon, accumulated from contrlbutlons paid and converted into a
deferred annulty during employment based on terms set and revlewed by the Church of England Pensions
Board from time to tlme. Discretionary Increases may also be added, depending on Investment returns and
other factors.
Penslon Bullder 2014 is a cash balance scheme that provldes a lump sum whlch members use to
provide beneflts at retlrement. Penslon contrlbutlons are recorded In an account for each member.
Dlscretlonary bonuses may be added before retlrement, dependlng on Investment returns and other
factors. The account, plus any bonuses declared Is payable, unreduced, from age 65.
There is no sub-dlvSslon of assets between employers In each sectlon of the Penslon Bullder Scheme.
The scheme Is consldered to be a multl-employer scheme as descrlbed In Sectlon 28 of FRS 102. Thls is
because It Is not posslble to attrlbute the Penslon 8ullder Scheme's assets and Ilabllltles to speclflc
employers and means that contrlbutlons are accounted for as If the Scheme were a defined contributlon
scheme. The penslons costs charged to the SOFA In the year are the contrlbutlons payable (2024: £2,177
and 2023.. £2,563).
A valuatlon of the Penslon Bullder Scheme Is carrled out once every three years. The most recent valuatlon
was carrled out as at 31 December 2022.
For the Pension Bullder Classlc sectlon, the valuatlon revealed a surplus of £34.8m on the ongolng
assumptlons used. At the most recent annual revSew effective l January 2025, the Board chose to grant a
d15cretlonary bonus of 6.7Q/o to both penslons not yet In payment and pen51ons In payment in respect of
servlce prlor to Aprll 1997. and a bonus on penslons In payment In respect of post AprS12006 servlce so
that the penslon Increase was 2.7010 (where usually it would be calculated based on Inflatlon up to 2.50/0).
Thls followed improvements In the funding position over 2024. There Is no requirement for deficit
payments at the current tlme.
The next valuation Is due as at 31 December 2025.
For the Pension Bullder 2014 section, the valuatlon revealed a surplus of £8, sm on the ongolng
assumptlons used, There is no requlrement for deficit payments at the current tlme.
The legal structure of the scheme is such that if another employer falls, the Parochial Church Council of
Christ the King Church could become re5ponslble for paying a share of the falled employer's pension
Ilabilities.
Page 10

PAROCHIAL CHURCH COUNCIL OF CHRIST THE KING, KerrERING
YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS
VOLUNTARY INCOME
Unrestricted
Funds
Restrlrted
Funds
2024
Total
2023
Total
Planned glvlng
Gift aid received
Plate offerings
Special offerings
Grants and other voluntary Income
176,033
36,323
4,955
4,125
176,033
44,170
4,955
45,418
221,955
69,384
2,303
116,056
7,847
41,293
224 257
273 397
415 992
2. INCOME FROM CHURCH AcfiviTIES
Unrestricted
Funds
Restricted
Funds
2024
Total
2023
Total
Church and communlty activitles
Childrens and youth actlvlties
Training courses
Servlce fees
Hire of church
other
170
7,259
4,887
4,887
1,294
3,061
1,294
3,061
3,674
3,375
3. RESOURCES EXPENDED
Unrestrlcted
Funds
Restrlrted
Funds
2024
Total
2023
Total
Note
Charltable glvlng
Staff costs
Parlsh share
Church actlvltles
Support costs
Beyond these Walls
3a
3b
27,254
92,176
95,581
7,719
39,030
9,047
36,301
92,176
95,581
10,056
39,503
205 382
478 999
37,747
91,421
155,275
9,313
31,598
477 575
802 929
3c
3d
3e
2,337
473
205 382
217 239
261 760
Charltable olvlng..
Misslonary support
Other
27,254
8,962
85
36,216
85
36,209
3b
Staff costs
staff salarles and NIC
Pension contrlbutlons
Total employment costs
Staff houslng
Recrultment, tralnlng and expenses
88,320
88,320
86,683
90,497
90,497
89,246
3c
Church activities
Worship & pastoral care
Dlsclpleship and training
Youth and chlldrens mlnistrles
Communlty events
3,288
441
3,990
1,890
5,178
441
4,437
4,301
428
4,584
447
Page11

PAROCHIAL CHURCH COUNCIL OF CHRIST THE KING, KErrERING
YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS
Unrestricted
Funds
Restricted
Funds
2024
Total
2023
Total
3d
Support costs
Administration and insurance
Communications and equipment
Building and grounds maintenance
utilities
Depreciation
13,077
6,483
9,890
9,580
13,077
6,483
10,363
9,580
5,077
6,253
9,074
11,194
473
473
3e
Beyond these Wall Project
Annexe - bulld phase
Annexe - professlonal fundraiser
201,224
201,224
477,575
205 382
205 382
477 S75
4, GOVERNANCE COSTS
None of the trustees recelved any remuneration or expenses for actlng as trustee during the year.
5. FIXED ASSETS
Muslc
Equipment
other
Total
s at l January 2024
Additlons
as at 31 December 2024
21,222
21,309
42,531
21,222
24,429
45,651
s at l January 2024
Additions
s at 31 December 2024
21,222
21,309
780
22,089
42,531
780
43,311
21,222
as at l January 2024
as at 31 December 2024
DEBTORS
2024
2023
Income tax recelvable
other debtors and prepayments
19,796
7. CREDITORS
2024
2023
Accrued expenses
8. SUMMARY OF FUND MOVEMENTS
Transfer
between
fund5
Balance at
l jan 2024
Resources
expended
Balance at
31 Dec 2024
Incomlng resources
Restrlcted Funds
Building Fund
Directed gifts
187,282
40,214
(205,382)
22,114
207,016
50,062
(217,239)
39,839
Unrestricted funds
General Fund
237 717
261 760
Total Funds
294 885
287 779
478 999
103 665
Page 12