THE DAVID PICKFORD CHARITABLE FOUNDATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
CHARITY NUMBER 243437

THE DAVID PICKFORD CHARITABLE FOUNDATION
CONTENTS
Page
Truslees, Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
7-12

THE DAVID PICKFORD CHARITABLE FOUNDATION
TRUSTEES AND ADVISERS
Trustees
Mrs E J Pettersen
Mrs P Blackwell
Charity number
243437
Independent Examiner
S. Jennings FCA
A2ets Audit servI￿s
5th Floor
Ashford Commercial Quarter
1 Dover Pla
Ashford, Kent
TN23 1 FB
Principal bankers
National Westminster Bank PIC
1 Prin￿$ Street
London
EC2R 8BP
Investment Advisers
Brewin Dolphin
12 Smithfield Street
London
EC1A 9BD
Registered Office
Benover House
Rectory Lane
Sallwood
Hythe
Kent
CT214QA

THE DAVID PICKFORD CHARITABLE FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees presenl their report and financial slatements of the charity for Ihe year ended 5 April 2024. The Truslees
have adopted the provisions of the Statement of Recommended Practi￿ (SORP) 'Accounting and Reporting by
Charities. (FRS 102) in DreDarina the annual reDOrt and finanaal statements of the charitv.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts
and comply with the charity's governing document. the Charities Act 2011 and Accounting and Reporting by Charities=
Statement of Recommended Praclice applicable to charilies preparing their accounts in accordance with the Financial
Reporting Slandard applicable in the UK and Republic of Ireland published in October 2019.
Objects
The objectives of the foundation are set out in Clause 2 of the Deed which states that the Trustees shall hold the trust
fund and the income Ihereof to pay or apply the annual income of any part of the capilal of the Irust fund to, or for, such
charitable institution, or institutions, or other charitable objects. or objects as the Trustees shall from time to time at their
discretion select.
a) Investments
There are no restrictions, the declaration of trust provides the Trustee with the widest powers of investing, disposing of
and dealing with the trust fund which are lawfully capable of being conferred on Trustees.
b) Expenditure
The whole of sums expended. whether income or capital, shall be applied for purposes coming within the legal definition
of charitable purpose.
Public benefit statement
The Trustees confirm that they have referred to the guidance contained in the Charity Comrnission's general guidan
on public benefit when reviewing the trust's aims and objectives and in planning future activities.
Review of the year
Income for the year totalled £26,995 {2023= £31.383).
Expenditure amounted to £135,952 (2023= £159,785) of which £112,500 (2023.. £131,350) was distributed to charitable
organisalions wilhin Ihe objecls of the Trusl Deed. The key areas for focus for donalions were support for vulnerable
people in the UK,. support for evangelistic work. with particular focus on work wth children and young people., support for
international projects., support for the development of Christian leadership,. support for those who have been badly
affected by the impact of COVID and support fot the relief of those in Ukraine.
The result for the year, before the gains on investments was a deficit of £106.254 (2023.. deficit £128,402). The result
after losses on investment was a surplus of £40.150 (2023.. deficit £263.231).
The charity had funds at 5 April 2024 totalling £1.654.410 (2023.. £1.614,260).
The market value of the investments at the end of the year was £1,634,835 (2023.. £1,575,936) compared with Ihe cost
of £1,456,334 12023= £1,604,980). The market value of the investments at 5 April 2024 was above the original cost. In
addition to the charity's portfolio of investments the charity held cash to be invested amounting to £13,163 (2023=
£28,172).
Policy to risk
The Trustees are aware of the risk factors of the Foundation and every precaution is taken to ensure all legal obligations
are adhered to. The Truslees attempt to avoid financial risk as far as possible by invesling in shares on a low risk basis.
As the charity's sole Sour￿ of income is through its investment portfolio. this represents the major risk. Whilst the
current stale of the stock market has meant some shares have fallen in value. it is anticipated in due couse these values
will recover.

THE DAVID PICKFORD CHARITABLE FOUNDATION
REPORT OF THE TRUSTEES {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Reserves
The Truslees aim lo spend at least the income re￿1ve[l in the year before taking account of investment gains and losses.
The Trustees would anb"cipate holding unrestn.cted reserves equivalent to one yearfs average annual expenditure which
currently amounts to £115,00012023.' £115,000), though this varies due to the number of requests received. Unrestricted
funds al 5 April 2024 amount to £6,41212023 £10.1521. The Trustees wll review the policy on an annual basis.
Designated funds at 5 April 2024 amounted to £798,709 (2023. £754,819) and details can be found in note 10
Endowment funds at 5 April 2024 amounted to £849,28912023. £849,289} and details can be found in note 11.
Plans for the future
The Trustees intend lo review the requests thal are made to the chanty wth the expectation that donations wll be in line
wilh Ihemes for 2023124.
Structure
The charity, which is registered with the Charty Commission under number 243437, is established under a Trust Deed
dated 2 April 1965.
Govemance and management
The Trustees of The David Pickford Charitsble Foundalion are responsible for the general control and management of
the administrab.on of the charity.
The Trustees who have served during the year were as follows..
Mrs E J Pettersen
Mrs P Blackwell
Trustees. responsibilities
The Trustees are responsible for preparing the Trustees, Annual Report and the financial ststements in accordan￿ wth
applicable law and Uniled Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial ststements 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 reSoUr￿S of the charity for that period. In preparing these financial statement5, the Trustees are required
select suilable accounting policies and Ihen apply them consistenuy..
- observe Ihe methods and principles in the Charities SORP 2015 IFRS 102}-
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed. subject to any material departures disclosed and
explained in the financial statements.,
prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume the charity will
continue in business.
The Trustees are responsible for keeping proper accounting records that disclose wth reasonable accuracy at any time
the financial position of the charity and enable them to ensure thal the financial statemenls comply wilh the Charities Acl
2011, the Charity (Accounts and Reports} Regulations 2008 and the provisions of the Trust deed. 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.
By order of the Trustees
4 October 2024
Mrs E J Pettersen
Dale:

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE DAVID PICKFORD CHARITABLE FOUNDATION
I report to the charity trustees on my examination of the accounts of the charity for the year ended 5 April 2024 which
are sel out on pages 4 to 12.
Responsibilities and basi5 of report
As the CharIt￿S trustees you are responsible for the preparation of the accounts in accordan￿ with the requirements
of the Charities Acl 2011 ('the Act')-
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying
out my examination I have followed all the applicable Directions given by the Charity Commission under section
145{5){b) of the Act.
Independent examiner's statement
I have compleled my examinalion. I confirm that no material matters have come to my attenlion in conneclion wlh the
examination giving me cause to believe that in any material respect.
accounting records vlere not kept in respect of the charity as required by sedion 130 of the Act., or
the accounts do not accord with those records: or
Ihe accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fair viev/ which is not a matter considered as part of
an independent examination.
I have no concems and have come across no other matters in connection with the examination to which attention
should be drawn in Ihis reporl in order to enable a proper understsnding of the accounls lo be reached.
S. Jennings FCA
For and on behalf ofAzets Audit servI￿s
5th Floor
Ashford Commercial Quarter
1 Dover Place
Ashford, Kent
TN23 1 FB
Date..
7 October 2024

THE DAVID PICKFORD CHARITABLE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
2024
Total
2023
Total
Notes
Unrestricted
Endowment
Income from:
Investment income
Assets gifted from The Pickford Trust
Total income
29,699
29,699
31,092
291
31,383
29.699
29,699
Expenditure on:
Donations payable
Independent examiner's fee
Investment managerfs fee
Total expenditure
112,5¢J)
3.3
20,062
135,952
112,500
3,390
20,062
135,952
131,350
3,402
25,033
159,785
Net incomel{expenditure) before gains
on investments
{1¢%.254)
(106,254)
1128,4021
Gainsl{losses) on investments
146,404
146,404
(134,8291
Net movement in funds
40.150
40,150
1263,2311
Reconciliation of funds..
Funds brought forward at 5 April 2023
Funds carried foThvard at 5 April 2024
764,971
805,121
849,289
849,289
1,614,260
1,654,410
1,877,491
1,614,260
All income and expenditure derive from continuing activities.

THE DAVID PICKFORD CHARITABLE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2023
Comparative infomiation only
2023
Total
Notes
Unrestricted
Endowment
Income from:
Investment income
Assets gifted from The Pickford Trust
Totsl income
31,092
291
31,383
31,092
291
31,383
Expenditure on:
Donations payable
Independenl examiner's fee
Investment managerfs fee
Total expenditure
131.350
3,402
25,033
159.785
131,350
3,402
25,033
159,785
Net expenditure before losses on investments
(128,402)
(128,402)
Gains on investments
(134,829)
(134,8291
Net movement in funds
(263,231)
(263,2311
Reconciliation of funds..
Funds brought forward at 5 April 2022
Funds carried forward at 5 April 2023
1,028,202
764.971
849,289
849,289
1.877,491
1,614,260
All income and expenditure derive frorn continuing activities.

THE DAVID PICKFORD CHARITABLE FOUNDATION
BALANCE SHEET
AS A T 5 APRIL 2024
Notes
2024
2023
Fixed assets
Listed investments
Cash investments
1,634,835
13,163
1,647,998
1,575,936
28,172
1,604,108
Current Assets
Debtors
Cash al bank
1.351
13.549
14,900
2,103
11,049
13,152
Creditors: Amounts falling due within one year
Accruals
Net current assets
{8,4881
13,0001
6,412
10,152
Net assets
1.654.410
1.614,260
Funds
Unrestricted funds
General funds
Designated fund
Endowment fund
6,412
798,709
849,289
10,152
754,819
849,289
10
11
12
1.654.410
1.614,260
The financial statements were approved and authorised for issue by the Board on
Signed on behalf of the board of Tnjstees
4 October 2024
Mrs E J Pettersen

THE DAVID PICKFORD CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting Policies
1.1 Accounting convention
The David Pickford Charilable Foundation is a registered charity with the Charity Commission in England and
Wales. The address of Ihe registered Offi￿ is given in the charity information on page 1 of Ihese financial
statements. The nature of the charity's operations and principal activities are set out in Clause 2 of the Deed
which stales that the Trustees shall hold the trust fund and the income thereof to pay or apply the annual income
of any part of the capital of Ihe tnjst fund to, or for, such charitable institution, or institutions, or other charilable
objects. or objects as the trustees shall from time to time at their discretion select.
The charily constitutes a public benefit entity as defined by FRS 102. The financial statements have been
prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in
the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally A¢￿pted Accounling
The financial statements are prepared on a going concem basis under the historical cost convention. modified to
include certain items at fair value. The financial statements are prepared in sterling which is the functional
currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otheThvise staled.
1.2 Funds accounting
Unrestricted income funds comprise those funds which the Trustees are free to use for any purpose in
furtherance of the charitable objectives.
Unrestricted funds include designated funds where the Trustees. at their discretion, have created a fund for a
specific purpose.
Endowment fund represents investments mentioned in the Scheme as 'The Trust Fund,. Any appreciation arising
from this sum can be shown as part of unrestricted funds.
1.3 Income
All income is induded in the Statement of Financial Activities {SoFA) when the charity is legally entitled to the
income after any performance conditions have been met, the amount can be measured reliably and il is probable
Ihat the income will be received.
Investment income is included vthen receivable.

THE DAVID PICKFORD CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Accounting Policies
Expenditure
All expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all
costs related lo the category. Expenditure is recognised where there is a legal or constructive obligation to make
payments lo third parties. it is probable Ihat the settlement will be required and the amount of the obligation can
be measured reliably. It is categorised under the followng headings..
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It indudes both costs allocated directly to such activities and those costs of
an indirect nature ne￿$sary to support them.
The charity has or may make charitable donations or grants in the fom of specific donations to local,
national or intemalional charitable causes. Grants payable are charged in the year when the offer is
conveyed to Ihe recipient except in those cases where the offer is conditional, such grants being
recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions
which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction
cosls. Subsequenlly, they are measu￿￿ at fair value with changes recognised in 'net gains l (losses) on
investments, in the SOFA if the shares are publidy traded or their fair value can otherwse be measured reliably.
Other investments are measured at cost less impaiThent.
Debtors and creditors receivable I payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impaimienl are recognised in expenditure.
Tax
The charity is an exempt charity wthin the meaning of schedule 3 of the Charities Act 2011 and is considered lo
pass the tests set out in Paragraph 1 Schedule 6 Finan￿ Act 2010 and therefore it meets the definition of a
charitable company for UK corporation tax purposes.
Going concern
The financial stalements have been prepared on a going concem basis as the Truslees believe thal no material
uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and
expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is
sufficient with the level of reserves for the charity to be able to continue as a going concern.
The Foundation donates cash available in its bank account throughout the year. The cash available is
generated from the investment porttolio via dividends & interest net of management fees. The Foundation has
no formal commitments as regards its donations.
Judgements and key sources of estimation uncertainty
Accounting estimates and judgements are continually evalualed and are based on historical experience and
other factors, induding expectations of future events that are believed to be reasonable under the
circumstances. There are no judgements or key sources of estimation uncertainty-

THE DAVID PICKFORD CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Investment income
2024
2023
Dividend income
29,699
29,699
31,092
31,092
Permanent endowment invested on a total retum basis
The charily has been granted the investment power of total retum. This power permits Ihe Truslees to invest
permanently endowed funds to ma￿Mise total return and therefore to apply an appropriate portion of the unapplied
total return to income. The unapplied total return remains invested as part of the permanent endowment until that
power is exercised. When exercised it allows the Truslees to apply an appropriate portion of the unapplied total
retum lo income each year.
Endowment Unapplied
for investment Total Return
Total
endowment
At 6 April 2023
Unapplied lotal retum
849,289
849,289
754,819
1,604,108
754,819
754,819
849,289
Movements
Dividend relurn
Investment management costs
GainslLosses
29,699
(20,062)
146,404
156,040
112,150
43,890
29.699
(20.062)
146,404
156,040
112,150
43,890
Unapplied lotal retum allocaled to income
Net movement in the year
At 5 April 2024
849,289
798,709
1,647,998
Charitable donations
2024
2023
131350
Grants to institutions: 29 {2023: 26)
2024
2023
Brighter Future Intemational Trust
Family Trust
Folkestone Rainbow Centre
Bible Society
YWAM
Sports Chaplaincy UK
Kenward Trust
Love Light Romania
Prison Fellowship
Slreet Pastors (Ascension Trust)
Sl Peter & St Paul, Sa￿00￿
Shellerbox
The Langley House Trust
Nehemiah Project
Innovista
Intl mission for the Jews
UCB
Carried forward
29,250
45.000
500
50,000
2,500
2.000
500
2,000
2,000
2,000
1,000
1,000
2,000
2,000
1,500
750
1,000
1.000
750
1,000
1,000
1,000
2,000
1,000
1,000
45,000
2,000
1.000
111,750

THE DAVID PICKFORD CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Charitable donations - continued
2024
2023
Brought forward
CARE
Christians Against Poverty
Christians in Enterlainment
Sportsreach
Leprosy Mission
Philo Trust
Porchlighl
Off the Fence
Air Ambulance
Tastelife
Toilet Twinning
Christ Church Balham
Christian Aid
Mercy Ships
Big Church Day Out
Flame Trust Ltd
Groundwork South
Imago Dei
Premier Christian Radio
Urban Saints
45,000
5,000
1,000
111,750
5,000
1,000
1,000
500
2,000
5,000
2,000
500
2,000
3,000
1,000
1,000
500
1,000
600
500
500
1,000
500
500
500
50,000
1,000
500
112,500
131,350
Reconciliation of grants payable
Commitments at 6 April 2023
Commitments made in Ihe year
Grants paid during the year
Commitments at 5 April 2024
5,000
131,350
136,350
112,500
112,500
Commitments at 5 April 2024 are payable as follows
Within one year (note g)
Trustees remuneration and staff costs
During the year the Trustees received no remuneration or reimbursed expenses (2023.. £Nil}. No staff were
employed by the Foundation.
Fixed Asset Investments
2024
2023
Quoted Investments
Market Value at 6 April 2023
Additions
Disposals
Net investment gainsl{losses)
Market Value at 5 April 2024
1,575,936
346,949
(434,454}
146,404
1,634,835
1,796,452
373,503
(459,190)
(134,829)
1,575,936
Historical cost at 5 April 2024 of quoted investments
1,456,334
1,604,980
The fair value of the listed investments is detemiined by reference to the mid-markel value of shares at the
Balance Sheel date.
10-

THE DAVID PICKFORD CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Fixed Asset Investments - continued
2024
2023
Investments listed on recognised stock exchange
UK equities
Overseas Bonds
Overseas equities
Global Investments
Property
Absolute Return
Other
Commodities
UK Bonds
238,259
34,486
853,732
91,940
38,429
13,915
74,490
10,745
278,839
1634,835
336,056
64,937
699,191
84,286
53,853
68,142
54,380
9,455
205,636
1575,936
All investments were held in the UK.
There were no material investments held at either year end.
Debtors
2024
2023
Accrued income
1,351
1,351
2,103
2,103
Cash investments
2024
2023
Diamond reserve
Cash al Brewin Dolphin
13,155
13,163
28,164
28,172
Creditors: amounts falling due within one year
2024
2023
Accruals
8,488
8,488
3,000
10 Designated fund
As at 6 April
New Designation
2023 designation
released
As at 5 April
2024
2024
Investment reserve
754.819
43,890
798,709
The investment fund has been designated by the Trustees to generate an income stream for the charity.
2023
As at 6 April
New Designation
2022 designation
released
As at 5 April
2023
Investment reserve
1.019.663
(264,844)
754,819

THE DAVID PICKFORD CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
11 Endowment Fund
As at 5 April
2023
As at 5 April
2024
Income Expenditure
2024
The Trust Fund
Buildings and investments
612.001
237,288
849.289
612,001
237,288
849,289
2023
As at 5 April
2022
As at 5 April
2023
Income Expenditure
The Trust Fund
Buildings and investments
612,001
237.288
849.289
612,001
237,288
849,289
The Trust Fund
The Trust Fund represents the investments of the charity identified in the governing document as The Trust Fund.
Buildings and investments
As part of the assets gifted following the dissolution of The Pickford Trust. the permanent endowment in thal
charity transferred to The David Pickford Charitable Foundation.
In 1971 and 1972 the original endowment was invested by the truslees in purchasing and building properties at
Elm Tree Farm. Further buildings were erected in 1982. Additional capital was invested by the trustees in
purchasing listed investments.
12 Analysis of net assets between funds
Unrestricted Designated Endowment
Total
2024
Fixed assets
Currenl assets
Current liabilities
798,709
849,289
1,647,998
14,900
14,91XJ
8,488
798 709
849 289
1654 410
2023
Unrestricted Designated Endowment
Totsl
Fixed assets
Current assets
Currenl liabilities
754.819
849,289
1,604,108
13,152
13,152
1614 260
13 Related party transactions
Mrs E J Pettersen is a trustee of Folkestone Rainbow Centre. In the prior year, the charity made a donation to
Folkestone Rainbow Centre of £50,000.
Mrs E J Pettersen is a trustee of Brighter Future Intemational Trust. During the year. the charity made a donation
to Brighter Future International Trust of £29.250 (2023.. £45.000).
12-