A charfty re8lstered in England and Wales Charity Number: 1130094 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KErrERING CHRISTTHE KING ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsfIcAL PARISH OF KEERING CHIUST THE KING YEAR ENDED 31 DECEMBER 2025 CONTENTS Page Reference and Adminlstratlve details Annual Report of the Parochial Church Council Independent Examinerfs Report Statement of Flnancial Activities Balance Sheet Accounting Policies 9-10 Notes to the Accounts 11-12 Page I
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KErrERING CHRIST THE KING YEAR ENDED 31 DECEMBER 2025 REPORT OF THE PAROCHIAL CHURCH COUNCIL Charlty R•8lstr•tlon Nymber 113(L194 Prfnclpal Place of Opetatlons Deeble Road Kettering Northamptonshlie NN15 7AA Websit• www.ctk.org.uk In¢umbent The Revd Canon Dr Rob Bewley {until l May 20251 Assrflate Vlcar The Revd sarah Bennett clr¢hwardens Steve Atkins lunlil 12 May 2025) Julla Wekh (until 31 January 20251 John Burdett lfrom 12 May 20251 Steve Dodman (from 12 May 20251 Seuetary Maureen Llepins Treasurer Kate Oxford (unlll 31 January 20251 Mlke Oxford lunlil 31 January 20251 Glyn Wood (from 17 February 20251 IndopÈndent Examlner Brett Cook FCCA ACA Headlands House l Kings Court Kettering Bankers Virgin Money Iprevlously Yorkshire 8ankJ Page 2
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KEERING CHRIST THE KING YEAR ENDED 31 DECEMBER 2025 REPORT OF THE PAROCHIAL CHURCH COUNCIL P•r¢xhlal Chuffh Coundl The membeTS of the Parochial Church Council are its Charity Trustees. Those who setved during the year and to the date of thts report (unless otherwise stated) a as follows: The Revd Canon Dr Rob Bewlev t Steve Atkins The Revd Sarah Bennett Steve Oodman {Chair until l May 20251 IVite<hair untll 7 June 20251 Ichair from 15 September 20251 (Chalr from 12 May 2025 to 15 September 20251 (Vice-chair from 15 September 20251 ( from 12 May 2025} (from 12 May 20251 Ken Ansdell Matt Bell Rachel Bell Andrew Bllney Corinne BrouEhton John 8urdett Ady Carman Andrew Hotchin Diane Johnson Allan Jones Russell Kaye Kate Oxford Michael Oxford Karen Robinson Mark Robinson Molty Shortt Curtis Thomp50n Adrian Weal Glll We81 Julia Welch stuart Welch Glyn Wood {from 12 May 20251 {from 12 May 2025) (from 12 May 20251 ltsntil 31 January 20251 {until 31 January 2025) (from 12 May 2025 uniil l December 20251 (from 12 May 20251 {until 12 May 2025) Ilrom 12 May 20251 (until 31 January 2025) (until 12 May 20251 (from 17 February 2025) Deonerysynod Representative Ex-officio- Members of the Cler9y, and the Churchwordens ore ex-officio members of the Council Page 3
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KErrERING CHRIST THE KING YEAR ENDED 31 DECEMBER 2025 REPORT OF THE PAROCHIAL CHURCH COUNCIL The member5 of the Parochial Church Councll present the5r annual report a5 tru5tee5 Ot the charity for the year ended 31 December 2025, together with the accounts ft)r the year. The accounts have been prepaRd in accordance with the Church Accounting Re8ulations 1997 and the Charitie5 Act 2011. whlch requires the methods and prlnclples of the Charities Statement of Recommended Practice ISORP) to be followed. Reference and Adminisirative Infr•rmatlon The church was fornied 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 Chrlst the King betame a Parish in Its own riBht. It is now a regirtered charity Ino. 1130094). Reference and administrative detalls are shown on pages 34. Strurture, Governance and Manazement Member5 of the PCC are elected at the Annual Parochlal Chureh Meeting. Following thelr electk4n the members draw lots to determine whether they will serwe for terms of one, two or three years, on the ba515 that equal numbers of members should serve for each term. The main purpose of this prartlce Is to provlde dege of continuty from yearto year among members of the PCC. Deanery Synod representative5 serve three-year temi. The PCC15 empowered to Co-opt addltional members until the next APCM if there are vanCle$. The PCC nomially meets monthly. The PCC is required by law to have a Standing Committee. which normally meets sbx times a year. Its membership cornprise5 the IncumbenL Wardens. Treasurer and at least ODe con8regatlonal representatlve. Objecdves and Actlvltles The PCC of Christ the Klng has the responsibility of sharing with the Incumbent the oversi8ht and development of the whole mi55ion of the church wlthin its ettlesièstlcal Parish. In practlcal tems thls will include providing a church bullding, staff and other resources to PTovlde and grow Chrlstlan (Anglican) worship. prayer and teaching that 15 accessible to all. The PCC will offer pastoral support and community outreach actlvities withln the parish and nearby area withln the context of a Christian ethos and support Chrlstian mlsslon beyond the parish. More details alK•Ut the Church's vision can be found on its website www.ttk.org.uk Achlevements and PerfOrMae The ministry of the church was reduced in the early months of the year due to disrnption caused by the departure of stsff. of the Incumbent and of some lay leaders. Other lay leaders were exhausted. Following the electlon of new Churchwardens and the PCC in May ministry has been stabilised and is gradually rebuilding. The church is enjoying a widespread sense of unity and is adJustin8 to the challenges of 8rowin8 ministry in new ways as we listen to God and work tOEether. The declsion in November to appoint Rev Sarah Bennett as Interim Incumbent has provided additional stability and encouragement. The annexe was almost completed by the year end as a result of continued generous giving. General church income has also stÈèdilv recovered through the second half of the year and the financial position was improved by the reduction in Staff costs and the willingness of the Diocese to attept an underpayment in our Parlsh Share for whlch the church bs appreciatNe. Reports from clergy and other Church groups for the year are published separately at the Annual Parochial Church Meetill8 arKI are available from the Church Office. Page 4
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KEThERING CHRIST THE KING YEAR ENDED 31 DECEMBER 2025 REPORT OF THE PAROCHIAL CHURCH COUNCIL Flnanclal Revlew The Church's prlncipal source of Income is the voluntary 8ivln8 of Its members. When thls 15 gift alded, the church is able to reclaim basic rate income tax on the givin& up to 25% of the net gift. The results forthe year are shown In the attached accounts. The net incoming resource5 for the year amounted to a surplus of £18,71)O, inclusive of money ralsed for the Building Fund12024- £191,220 deficit). A surplus of £38.95412024- £24.043 deficitl was incurred in respect of the ordinary actIvIt5 of the Church {i.e. excluding restricted funds). The PCC is working activefy to en¢ourage inc85ed 8ivin8 income and to manage expenditure and conslder5 6t ha5 sufficient resources to maintaln the e$tIng mlssion activlty of the church at the present tlme. Reserves Polky Under the reserves policy adopted by the PCC it was determined that the charity should malntain between two and three months ordinary income as free reserves in order to enable the church's cash resources lo be mana8ed efficiently11.e. a liquidity reservel and a coTrtin8ency reserve sufficient to cover lil up to 18 months of Income shortfall In clrcumstances where there is uncertainty as to future operatin8 surpluses {ii) contingent liabllities and costs that could ottur in the case of the church havi8 to restructure leg. redundancy) and Illil agaln5t any emergency. Free reserves are represented by the balance on the General Fund whlch at 31 December 2025 amounted to £102,780. The PCC has reviewed its reserve5 and considers them to be sufficient as required under the reservès policv. Statement of Trustees, Responslbllltl¢s The law applicable to charities In England & Wales requires the Trustees to prepare financi315tatements for each financial year which Eive a true and fair view of the state of affairs of the charity and of the incominB resources and applicatlon of resources of the chadty for that period. In preparing these financial stètements, the Trustees are required to.. Selert suitable accounting policles and then apply them consistenty- Observe the methods and prSnciples in the Charities SORP. Make judgements and estimates that are reasonable and prudent. State whether applicable actountin8 Standard5 and statement5 of recommended practice have been followed, subjett to any material departures di5tlosed and explained in ihe financial statements. Prepare the financial statements on a going toncern basis unless it is inappropriate to presume that the Trust will continue in bu5ines5. The Trustees are responsible for keepin8 properaccounting record5 that disclose with rea50nable accuracy at any time the financial position of the charlty and enable them to ensure that the financial statement5 comply with the Charities Ad 2011. They are a150 responsible for safeguardin8 the asset5 of the charity and hence for taking reasonable 5tep5 for the prevention and detection of fraud and other irre8ularities. Approved by the Parochial Church Council on I April 2026 and sSgned on their behalf by: Chair Date.. Page 5
INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KEThERING CHRIST THE KING Thi5 port on ihe accounts of the Parochlal Church Councll for the year ended 31 December 2025, which are set out on page5 7 to 12, is in respect of an examlnation carried out uThYer Re8ulatlon 3{31 of the Church Accounting Regulations 1997 and 5.145 of the Charitles Act 2011. Respectlve responslbllltles of trustees and examlner As the members of the Parochlal Chufch Coundl you are responsible for the preparètion of the ccount5: you consider that the audit requirement of Re8ulalion 3131 of the Church Accounting Regulations 1997 and settion 144 of the Charities Act 2011 Ithe Actl do not apply and that an independent examination is needèd. The Church's gr05s income exceeded £250,(X)O and l am qualif*d to undertake the examlnatlon by being a qualified member of the Institute of Chartered Accountants in England and Wales. It 15 my responsiblllty to issue this report on those accounts in accordance with the temis of the re8ulations made under section 154 of the Act. 8asl$ of Independent examlnerfs statement My examinatFon was carried out ith accordance wlth General Dlrectlons ghen by the Charlty Commisslon. An examination includes a revlew of the accounting records kept by the Parothial Church Council and a comparison of the accounts presented wlth those records. It also Sncludes conslderatlon of any unusual items or disclosures in the accounts and seekin8 explanatlons from the trustees concernlng any such matters. The procedures undertaken do rt provide all the evldence that Vuld be requlred in an audil, and consequently I do not express an audit opinion on the actounts. Independent examiner's 5tstement In the course of my examlnation. no matter has come to my attentron.. lil which gNe5 me reasonable Cause to believe that. in any material respect, the Parochial Church Council have not met the requlrements to ensure that: proper accounting record5 are kept in accordance with sectlon 41 of the Act: and accounts are prepared which agree with the accounting records and compty with the accounting requirements of the Act: or {111 to which, in my oplnlon, attention should be drawn in order to enable a proper understanding of the •ccountS to be reached. Brett Cook FCCA ACA Headlands House, l King5 Court, Kettering Date: 20 IFLIL ZOL6 Page 6
PAROCHIAL CHURCH COUNCIL OF CHRIST THE KING, KETTERING YEAR ENDÈD 31 DECEMBER 2025 STATEMENT OF FINAMCIAL AcfivITIES Unrestritted Funds Restrfcted Funds 2025 Total 2024 Total Note Incomlng rejourcu: From generated fvnds Voluntary Income Investment Income 188,105 3,330 126,775 281 314,880 3,611 273,397 5.140 From Churth aciJvltle5 7.393 7,393 9.242 other income Total Incoming resources 127 056 325 884 Rewurces expend•d: Church activitles 159.874 147,310 307.184 478,999 Total resources expended 159 874 147 310 307 184 Net movemefit In funds 38,954 (20,254) 18,700 (191,220) R•condllatloD of Funds Total funds brought forward 63,826 39.839 103,665 294,885 Tt)tal fund$ carrled forward 102 780 122 365 103 665 The notes on pages 9 to 12 ftsm part olthese Accounts Page 7
PAROCHIAL CHURCH COUNCIL OF CHRIST THE KING, KEThERZNG YEAR ENDED 31 DECEMBER 2025 BALANCE SHEET Note 2025 2024 Fixed assets: Tangible assets 1,560 2,340 Current assets: Debtors Cash at bank and in hand 1,749 118 157 119,906 120 805 120,805 Llabllitles: Credltors: amounts falllng due In less than one year (18,581) Net current assets 120,805 101,325 Net Assets 122 365 103 665 Funds of the Charity: Restrlcted funds Unrestrfcted funds 19,585 102,780 39,839 63,826 Total eharlty funds 122 365 103 665 Approved by the PCC on 20th April 2026 and signed on thelr behalf by: Reverend Sarah Bennett Chalr Glyn Wood Treasurer The notes oft page$ 9 to 12 form part Oft1 Accounts Page 8
PAROCHIAL CHURCH COUNCIL OF CHRIST THe KING, KETTERING YEAR ENDED 31 DECEMBER 2025 ACCOVNTING POLICIES B•sls of pr¢p•ratloD The flnancièl staternents have been prepared under the hlstorical cost conventlon and in accordance wlth the Church Accountln9 Regulatlon$ 1997 together wlth Ac¢ountlng ènd Reportlng by Charltles Statement of Recommended Prattl¢e appllcable to charltie5 preparlng thelr accounts In accordance wlth the Financlal Reportlng Standard applicable In the UK and Republlc of Ireland {FRS1021 leffectlve i January 201S- (Charltles SORP (FRS102)I, the Financial Reportlng Stsndard appllcable In the UK and Republic of Ireland (FRS102). The accounts Include all transartlons. assets and Ilabllltles for which the PCC is responslble In law. They do not Include the accounts of church groups that owe thelr main affillation to another body nor those that are informal gatherings of Church member5. Fundg Any 9rants or donatlons received for a speclflc purpose are treated as restrlLted fvnds. Details are glyen In the notes to the accounts. Any funds designated for a specific purpose by the PCC are treated as restrirted. The Generèl Fund represents the funds of the PCC that are not subjert to any restrlrtlon5 re9ardlng thelr use and are avallable for appllcatlon on the general purposes of the PCC. In¢omlng rwourc Voluntary Income aJ7d Capltal sources Colle¢tlons are rQgnISed when recelved by or on behalf of the PCC. Planned glvlng receivable under covenant is recognised only when re¢elved. Income tax recoverable on covenants or oift ald donatlons Is recoqnlsed when the Income is recognised. Grants and legacles to the PCC are accounted for as 500n as the PCC Is notffied of Its legal entitlement and the amount +JLJe. Funds ralsed by events and activities are aectsunted for gross, other ordln+Jry Income Rental Income from the lettlng of church prem15es15 recognlsed when the rental Is due. Ticket sales for events, conferences or courses are recognised on the date of the event Income from Investments interest Is accounted for when re1¥able. Tax recoverable on such Income is recognised In the same accountlng year. Resources us¢d Grants Grants and donatlons are accountsd for when pald over, or when Jwarded. Ir that award ateS a bindlng obllgatlon tsn the PCC. Attivltles dlrettly relatlng to the work of the Church The Parlsh Share Is ac¢ounted for when payable. Any portlon unpald at the year end Is provided for in these ounts in recognltlon of an operatloml (but not a legal) Ilablllty. Fixed as*ets onsecrated land and buildings and movable d)uh fumlshlngs Consecrated and beneficed property Is excluded from the accounts by s.10(2)(a) of the Charities Act 2011. other fixtures, fitttngs and offlce equlpment Equlpment used wlthln the church premlses is depreciated on a stralght Ilne basls over 4 years. Indlvldual tems of equlpment wlth a purchase prlce of £1,000 or less are written off when the asset Is acqulred. No value Is placed on movable church fumlshlngs held by the churchwardens on speclal trust for the PCC and whlch requlre a faculty for dlsposal since the PCC Conslders thi5 t¢ be Inallenable property. All expenditure Incurred during the year on consecrated or beneflce bulldln9s and movable church fumlshln9s, whether maintenance or Improvement. 15 wrltten off as expendlture In the SOFA and 5eporJtely dlsclosed. Current •$sets Short temi depos6ts Indude cash held on deposit elther with CCL4 or at the bank. Op¢r•tlng lease$ Rentals appllcable to operatln9 leases are charged to the Statement of Flnanclal Actlvltles on a straight line ba51$ over the perlod In whlch the c05t is incvrred. Pège 9
PAROCHZAL CMURCH COUNCIL OF CHRIST THE KING, KETTERING YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POUCIES continued ¢hrlrt tho Kln9 Church does not currently have an acuve penslon scheme. Current staff are not ell9lble for automatic enrolment and have not opted to Joln a scheme. Prevlouslyi chSt the King Church particlpated in the Pen51on 8ullder Scheme sertion of CWPF lor lay staff. CWPF Is admlnlstered by the Church of Englond Penslons Board, whlch holds the WPF assrts separately from those of the Employer and other partlclpatlng employers. Detalls of these schemes are noted below: CWPF has two sertlon5: i. the Deflned Benefits Scheme 2. the penslon Builder Scheme whlch has h¥0 subsertlons: . a deferred annuity settlon known as Penslon Builder Classlc. and b. a cash balan sectltsn kno¥¥n as Penslons Bulkler 2014. n51on Build•r Schem Both sectlorts of the Pension Bullder Scheme a dassed as denned benefrt Schemes. Pénslt)n Bullder Classk provSdes a penslon. accumulated from co5ntributlons ld and converted Into a deferre(l annulty during employment based on terms set and revlèwed by the Church of England Penslons Board Irom tlme to tlme. DiKretlonary Increases may also be added, dependlng on Investment retUrr and other fvctors. bvension Bullder 2014 Is a cash balance scheme that provlde5 ) lump surn whlth members use to provlde benents at retlrement. Peftslon contmbuutsns are recorded In an attount for each member. Dbtreuonary bonuses may be added before retiremenL dependlng oft Investsnent retums and other fartors. The accoun( plus any l)onuses declared Is payable, unreduced, from age 65. Therels no sub-dfvlslon of assets between employer5 in each settlon of the Penslon Bullder Scheme. The Scheme 15 consldered to be ? multl-employer scheme os dexrlbed In Sectlon 28 of FRS 102. Th1$ 15 because It Is not possible to aitribute the Pension Bullder Scheme's assets and Ilabllfitles to speclfic employers and means that contributi¢ns are accounted for as If the Scheme were a defined contribuuon stheme. The pensions Costs charged to the SOFA In the year are the contrlbutlons payable (2025: £nll and 20X. £&177). A valuatlon of the PensKJn Bulldèr Stheme Is Caled out once every three years. The m05t rttent valuatlon was carried out as at 31 December 2022. For the Pen55on Builder Classlc sectlon, the valuèth)n revealed a Surplus of £34.8m on the ongoing Jssumptlons used. At the most recent annual revlew effectlve l January 2025, the Board chosè to grant a discretionary bonus of 6.7% to both penslons not yet in payment penslons In payment in SPeCt of servlce prlor to Aprll 1997: and a bonus on penslon5 in paymènt In respert of post Aprll 2006 servlce 50 that the penslon increase was 2.7Q/o (where usually it would be calculated based on Inflatlon up to 2.5%). This followed improvements In the funding p051tlon over 2024. There Is no requirement for defiat payments at the ¢urrent b"me. The next valuatSon Is due as at 31 December 2025. The legal stru¢ture of the scheme Is such that if another employer faSls, the Parochlal Church Counal of Christ the King Church could become responslblè for paykn9 a share of the fasled employerfs pension abillttes. Page10
PAROCHIAL CHURCH COU14CIL OF CHRIST THE KING. K2rrERING YEAR ENDED 31 DECEMBER 2025 NOTES TO THE ACCOUNTS I. VOLUNTARY INCOME Unrestrlcted Funds Restrirted Funds 2025 Total 2024 Total Pl)nned 9lvlng Glft ald recelved Plate offerrngs Speclal offerings Grants and other voluntary Intome 152,867 33,499 1,739 152,867 54,491 1.739 105.783 176,033 44,170 4,955 45.418 20,992 105,783 126 775 273 397 2. INCOMe FROM CHURCH ACTIVITIES Unrestri¢ted Funds Restrfcted Funts 202S Total 2024 Total Church and cornmunity activltles Chlldrens and youth advltles Tralnlng cours•s Serylce fees Hlre of church Other 1,374 1.374 4,B87 1,339 4.680 1.339 4,680 1,294 3,061 3. AESOVRCES EXPENDeD Unrestrthd Funds Restricted Funds 2025 Total 2024 Total Note Charltable glvln9 staff costs Parish Share Church attlvlties Support costs Beyond these Walls 17,500 10,004 77,500 3.796 51,074 7,569 1.337 25,069 11,341 77,500 4,702 53,129 13S 443 36,301 92.176 95.5BI 10,056 39,503 205 382 478 999 3b 3¢ 3d 3e 906 2,055 159874 147 310 30 Charftable 9lvlnq.' Mlsslonary 5UPPOrt Other 17,500 7,569 25,069 36,216 85 3b Staff costs Staff 5al6rles and NIC Pension cOntbutIonS Totsl employment costs Rewltment, training and expenses 9,539 1,337 10,876 88.320 9,539 465 1,337 10,876 465 90,497 3¢ hvrch actlvltles Worshlp & pa5tornl care Di5cipleshlp and training Youth and chsldrens mlnlstrles Communlty events 2,707 906 3,613 5,178 441 4,437 1,089 1,089 906
PAROCHIAL CHURCH COUNCIL OF CHRIST THE KING, KErrERIN YEAR ENDED 31 DECEMBER 2025 NOTes TO THE ACCOUNTS Unrestrlct•d Funds Re5trftted Funds 2025 Total 2024 Total 3d Support costs AdmInIstra0Th and Insurance Communicabons 8nd equlpment Bulldlng and grounds maintenance uknlities Depreciat6on 6.259 3,942 31,296 9,577 2.OSS 8,314 3,942 31,296 9,S77 13,077 6,483 10,363 9,560 3e Beyond these Wall Pmjett Annexe- bulld phase Annexe - profèssloMI fvndrdlser 134,361 134.381 201,224 135 443 135 443 205 382 4. GOVEANANCE COSTS None of the trustee5 rècelved any remunerntlon or expenses for actlng as trustee durlng the year. FIXED ASSETS MusSc quipment Other Totol as at l January 2025 Addltiofts as Jt 31 December 2025 21,222 24,429 45,651 21,222 24,429 45,651 5 at l January 2025 Addltlons s at 31 December 2025 21.222 22,089 780 22,B69 43,311 780 44.091 21.222 s at l January 2025 as at 31 Oecember 2025 6. DEBTOAS 2025 2024 Income tsx receivabl¢ Other debtors and prepayments 7. CREDITORS 2025 2024 Accrued expenses 8. SUMMARY OF FUND MOVEMENTS Transf between lunds ealance at l Jan 2025 Resources expefided 841ance at 31 Dec 2025 InwFYMThg re50ur¢es R•8trictqd Funds Buildin9 Fund Directed gifts 22,114 120,021 {135,443) 1,630 8.322 39.839 127,056 1147,3101 19,585 Unrestrlct•d fund$ General Fund 198,828 159 874 102 780 Totjl Fund• 103 665 325 884 307 184 122 365 Pg9? 12