The International Bankers Charitable Trust
A charity registered in England & Wales (1087630)
Report & Financial Statements
For the financial year ended 30, Seplernber 2022

THE INTERNATIONAL BANKERS CHARITABLE TRUST
Contents
Page
Report of the Trustee
Independent Examinerfs Report
Statement of Financial Activitie5
io
Balance sheet
li
Note5 to the financlal statements
12

THE INTERNATIONAL BANKERS CHARITABLE TRUST
Report of the Trustee
The Worshipful Company of International 8ankers is the sole Trustee of The International Bankers
Charitable Trust I"IBCT or the Trust"
the charitable arrn of The Worshipful Company of
International Bankers °the Company" IWCIBII- The Court of the WCIB is the 8overnin8 body of
the Trustee and p￿sents the Annual Report and Financial Statements for the year ended 30
September 2022.
Alms and Objectlves of the Trust
The International Bankers Charitable Trust 15 constituted under a Tiust Deed dated 28 June
2001 las amended by deed dated 29 February 20081 and is a registere(i charity (No.
10876301. The main objectives and purpose of the Trusl, as per its Deed. are to promote
charitable works that reflect the aims and purposes of The Worshipful Company of
International Bankers.
Revlew of Actlvltles, achlevements and performafite
In the 22 years since the Trust was established over £1.6 mlllion has been raised and dispersed
to charlties. The core focus of the Trust remains to provide support for educatlon. financlal
literacy, and employability while raisin8 aspirations of under privileged young people In London.
The Trust has a particular emphasis on strengthening the links between the city and the
communities which surround it. The beneficiaries reflect the company's commitment to SUPPOrt
worthwhile causes and make a posltlve impact upon the communlties within which we both live
and work.
The majority of our funding comes from the generosity of members who mostly donate on a
regular basis to the Trust. However. we also ran two fund-raising appeals tar8eting our members
during the year - one raised £10,000 for the Platinum Jubilee celebrations and the other, with
exlsting fund5 from the Trust. raised £20,CQO for the DEC Ukraine Appeal. In June 2022 we also
ran a fund.raisin8 ball at Merchant Taylors Hall and were recipients of 60% of the profits from
the Securities Industry Ball in May 2022. These two events contributed over £45.000 to our
funds.
Grants
Grants were made this year to support education at all levels of education as well as Clty-related
charities, as follows:
Impactlng students at primary school level:
School Home Support ISHSI.. a dOnat￿n of £5.LXK) to support specific cost-of-living 8rants to
directly benefit up to Ilx) families. This is in addttion to £9.580 donated in the last financlal
year to support their economic well-being IEWBI toolkit which helps educate needy families
to cope with financial challenges so that the education of their children 15 not adversely
impacted. The EWB toolkit is part of the overall SHS program which reached over 5,8CKI
individual family members and resulted in 77% of severely absent children spend an average
of 39 more days in school.
Impacting students at the secondary level..
Our long time relationship and largest beneficiary. The Brokerage. received a grant of £42.000 in
support of The Brokerage's 'Gateway to City career5, programme. The Brokerage is a social
mobility charity providing SUPPOrt to students in local schools and colle8es to increase their
awareness of and provide experience of career opportunities in the City of London. 18CT is a
main sponsor of The Brokerage, providing both financial support and expertise of our members
through speaking opportunities and mentorin8.

THE INTERNATIONAL BANKERS CHARITABLE TRUST
The Company is invofved in running an Essay Competition for Year 13 students in London state
schools as well as a Debating Competition, also aimed at state schools. We awarded a total of £2.7C
to the essay competition winners and their schools and we gave £6,31J) for the debating initiative to
fund training se55i0ns for participating schools.
Additionally grants were made to..
Dulwich College-. a grant of £10.836 to fund the WCIB Lord George Scholarship èi Dulwich
College which enables a student from a less prNileged background to attend the sixth form
at the college.
Greenhouse Sports which was approved as part of the "pltch your chariv inltiative involves
working to get young people to attend school. They specialise in getting the kids invotve(i in
table tennis, tennis, basketball and volleyball and record that children in their programmes
attend school 4-8 days more per year than those that do not. The Trust gave a grant of
£2,000.
Clement James Centre.. a grant of £l.OQ) to be used in their Young People's Education
programme which provides after-school academic support, under8raduate student and
corporate mentorin& study weeks. careers workshops and one-to-one literacy and
numeracy support.
Financial Futures.. a 8rant of £2,5(Kl to fvnd 50 places on a flnancial literacy pro8ram run by
the London Institute of Banking and Finance.
Universify: a grant of £l.ILXI lo support two students from less advantaged back8round on
summer program for prospective Oxbrid8e cartdidates.
Impartln8 S￿dents at the Unl¥erslty Level:
At the university level the IBCT sUPPOrted the WCIB prize competition that provided a prize for the
best dissertation or piece of written work at 20 business schools where the company pays a £3
tash prlze plus a Certificate notin8 iheir achievement. The winners then compete for the Lombard
PrSze for the best dlssertation plus oral responses to topical quesiions. A total of £7,5CQ was awarded
to universlty academic prizes.
Additionally, the IBcf provided grants in sUPPOrt of students at university level..
It gave £5,000 to the Mansion House Scholarship Scheme which helps fund overseas
student5 Studying in the UK at Masters degree level in subjects associated with financial
services.
Bayes Business School. fomierly known as Cass Business School, was awarded a 8rant of £4,300 to
fund thelr subscrlption to economic publications for use by all students.
Other Charitiès
The Company and the IBcf also supported other charities associated with the Lord Mayor and the
City of London. of which the major ones were:
Lord Mayorfs appeall£2.C￿I
St Mary-le Bow Young Homeless project {£l,IXX))
ABF, The Soldiers. Charity l£l,OCQI
We awarded £4.CXQ to our military affiliate National Reserves Headquarters Royal Artillery INRHQ
RAI to help fund Exercise COCKNEY RATfLESNAKE 22 in September 2022. This was an overseas
Adventurous Training expedition to the Lake Tahoe region of California and Neva(Ja. USA.

THE INTERNATIONAL BANKERS CHARITABLE TRUST
We made a donation of £20.IXJO to the DEC Ukraine Appeal. agreed as an exceptFonal one-off
donation by the Tru5tee5 8Nen the unique circumstances of the appeal. This wa5 funded through
direct member pledges and from existing IBCT funds.
We also gave miscellaneous grants of under £l,(KM) to a value of £3,590.
Flnanclal Revlew
The International Bankers Charitable Trust IIBCT) raised donations of £183,436 In the year to 30
September 2022 12021: £103.3211, a 77% increase. Charitable 8rants totalling £131,826 12021:
£97,803) were distributed by the Charty and Education Committee. The value of investments was
£928,41112021= £1.019,2841- This includes an unrealised loss of £90,873 as at 30, September 2022.
Interest receivable on investments was £13 12021.. £131 and dividends receivable on investment
were nil12021.' nill. Cash in bank was E154,09212021'. E118,833). The overall loss was £46,98812021
surplus.. £108,5421. Funds carried forward totalled £1.133,53612021'. £1.180.5241.
Grant-Makln8 Polity
The beneficiaries reflect the Trusys commitment to support worthwhile causes and make a positive
impact upon the communities within which we both live and work. with partlcular emphasls on
those youn8er people in the immediate area of the City who would not nom)ally be able to aspire to
City job. Statistics show that our immediate neighbours are under-represented in our sector.
Therefore our focus is directed at implementing programmes that seek to redress the imbalance by
tapplng into this talented and ethnicalty diverse population.
Rlsk Mana8¢ment Poll¢y
Members of the WCIB Court, as the governlng body of the Trustee, have the legal responslblllty to
act in the Trust's best interests. mana8e the Trust's re50ur¢es responsibly and act with reasonable
care and sklll. The Trustee throughout ihe year cate8orlsed risks as relatlng to governance,
operations, flnance, reputation and legal.
A5 a grant-givlng charity, the Trust has limited operational rlsk and Its governance Is assured
through it5 affiliation to the Company. Financial and legal risk5 are carefully monitored by
the Finance Committee of the Company. Reputational risk is mitigated by examination of
potential recipients by the Charity and Education committee of the Company referrln8 when
necessary to the Court.
Investment Powers
The Trustee has the power to invest at its discretion in the best interests of the Charity and to
appoint an investment manager to oversee any investrnents held by the Charily.
Appolntment of Trustees
The Worshipful Company of International Banker5 is Ihe 501e Trustee of the Trust, a5 such no
appointment policy is in place.

THE INTERNATIONAL BANKERS CHARITABLE TRUST
Report of the Trustee (continued)
Investment Poli
Investments are held in liquid Cash and securit￿5 instruments. Cash deposits are considered as
follows..
Credit Rating
Maximum amount on deposlt
per Bank or Instltutlon
Up to 50% of funds held on
deposit by The International
Banker5 Charitable Trust per
UKRe
ulated Bank
Up to 15% of funds held on
deposit by The International
Bankers Charilable Trust per
acceptable institution
Maxlmum
amounts
deposlt In total
Up to of funds held on
deposit by The Intemational
Banker5 Charitable Trust at UK
Re
ulated Banks
Up to 25% of funds held on
deposit by The International
8anker5 Charitable Trust at
acceptable institutions
on
Public rating of at least A-IA3
No public ratln8 or public rating
below A-/A3
Additionally I8￿ holds a range of investments detalled below.
Asset Allocatlon
The Trustee has agreed the followin8 initlal asset allocation with the portfolio manager:
A range of investments that are invested to achieve a return similar to the "Equity to 8ond 6S.35
model portfolio".
Investment constralnts
The portfolio is not subject to investment constraints. There is no requiremeni for the rM)rtfolio to be
specifically managed on an Environmental, Social Responsible or Governance mandate, however, it Is
managed on the basls of an ESG mandaie.
Benchmarks
The following benchmarks have been agreed..
The long-term objective is to achieve an annualised return above the rate of inflation as current
measured by the chan8e in the Consumer Price Index ICPII. This objective is net of portfolio charges
and other costs. The time horizon for thls objective is over the long term lin excess of 10 years).
Reserves and Llquldlty Pollcy
Cash instrument5 are lo be held to meet up to twelve rnonths of future expenditure on demand. The
amount of reseryes held is £1.133.536 at the year*nd {2021'. £1,IPA).5241- This is split between the
General Reserve 1£357,8891, KC Wu Fund Irestrictedl 1£79,6281, Past Master5 Fund Ire5trictedl
1£118,1511 and the Unrestrirted Fund 1£577,8681. To qualify as a LNery Company the Court of
Alderman requires the Trust to maintain the General Reserve at a minimum level of £3tM),(KK). This is
the 'General Resen4e' in the accounts.
Publlc Benefft
In setting the Trust's objectives and planning its activltles. the Trustee has 8iven careful
consideration to the Charity Commission'5 general guidance on public benefit and in particular to its
supplementary public benefits guidance on advancing education. All activities have been undertaken
for the furtherance of public benefit and to further the Charitvs purpose as per it's Deed.

THE INTERNATIONAL BANKERS CHARITABLE TRUST
Report of the Trustee (contlnued)
The Court
Master-
Senior Warden..
Middle Warden..
Junior Warden=
Jason Van Praagh
Angela Knight CBE
Nick Garnish
rim Skeet
Court Assistants:
John Bennett MBE Ilmmediate Past Masterl
Robert Merrett (Past Masterl
Karina Robinson Ipast Masterl
Mark Sismey-Durrant (Past Master)
Alderman Sir Peter Estlin (Past Masterl
Frank Moxon IPasi Masterl
Michael Llewelyn-Jone5 (Past Masterl
Mark Seligman (Past Masterl
Angus MacLennan (Post Masterl
Sir Henry Angest (Past Master)
Jordan Buck
Lit Field
Peter Green
Ali Griffiths
Alderman Tim Hailes JP
Simon Hills
Tim Jones
Jenny Knott
Ali Miraj
James Ni5bet
Antonello Russo
Omiros Sarikas
Martin Watkins
Clerk.. Carole Seawert

THE INTERNATIONAL BANKERS CHARITABLE TRUST
Report of the Trustee (continued)
Admlnistratlon & Advisers
Reglstered Charity
Number
1087630
Governirw Documènt
Trust Deed executed on 28 June 2CQI las amended by deed dated
29 February 2CQ8)
Trustee
The Worshipful Compafty of International Bankers
PrSnclpal Offlee
The Worshipful Company of International Bankers
3rd Floor.
12 Austin Friars,
London EC2N 2HE
8ank•rs
Barclays Bank plc
I Churchill Place
Canary Whèrf
London
E14 5HP
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Independent examlner
MHA
2 London Wall Place
London
EC2Y SAU

THE INTERNATIONAL BANKERS CHARITABLE TRUST
Report of the Trustee (continued)
ststement of the Tnstee's Responslbllities
The Trustee is responsible for preparing the Tfustee's Annual Report and the financial statements In
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accountin8 Practice).
The law applicable to charities in En8land & Wales require5 the trustee to prepare financlal
statements for each financial year whlch give a true and fair view of the state of affairs of the
charity and of the incoming resource5 and application of resources of the charity for that period. In
preparin8 these financial statements. the trustee is required to-
select suitable accounting policies and then appty them ¢onsi5tently;
obseNe the methods and principles in the Charities SORP 2015 IFRS 1021;
make judgements and esiimates that are reasonable and prudent:
state whether applicable accounting standards have been followed, subject to anv
material departures disclosed and explained in the financial statements,.
prepare the financial statements on the goin8 concern basis unless It is inappropriate to
presume that the charity will continue in operation.
The Trustee Is responslble for keeping proper accountlng 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, the Charities (Accounts and ReFXlrtsl
Re8ulations 2008 and the provisions of the trust deed. They are also responsible for safe8uardin8
the assets of the charity and hence for taking reasonable steps for the prevention and detectlon of
fraud and other irre8ularities.
Approved by the Court ofthe Companyassole Trustee
and signed on its behalf by..
Jason Van Praagh
Master
Date:
cIF)Lg

THE INTERNATIONAL BANKER5 CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEE OF THE
INTERNATIONAL BANKERS CHARITABLE TRUST
Independent Examinels Report to the Tnth of The Internatlonal Bankers Charftsble Trust
I report to the charity trustee on My examination of the accounts of the charity for the year ended
30 September 2022 which are set out on pa8es 10 to 19.
Responslbllltles and basls of report
As the charity's trustee you are responsible for the preparation of the accounts in accordance with
the requirements of the Charliies Act 20111.the Art'l.
I report In respect of my examination of the charity5 accounts carried out under section 145 of the
Act and in carrying out my examination I have followed all the applicable Direction5 glven by the
Charily Commission under section 14515llb} of the Acl.
Independent examlnerfs Statement
I have completed my examination. I confirm that no material matter5 have come to my attention in
connection with the examination givin8 me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by sertlon 130 of the Art;
or
the accounts do not accord with those records- or
the accounts do not comply with the applicable reqvirements concerning the form and content
of accounts set out In the Chariiles (Accounls and Reports) Regulations 21x18 other than anv
requirement ihat the ac¢ount5 8ive a 'true and fair view, which is not a matter tonsidered as
part of an independent examinatlon.
I have no concerns and have come across no other matters in connectbon with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Rakesh Shaunak FCA
MHA
2 London Wall Place
London
EC2Y5AU
Date: 14 July 2023

THE INTERNATIONAL BANKERS CHARITABLE TRUST
Statement of Financial Artivities
For the Year ended 30 September 2022
20
2022
2022
2022
2021
KCWU
Fund
Masters
Fund
Unrestrlcted
Ful￿$
General
Totsl
Funds
Income Ind Endovmients from:
Donations Receivable
- WCl8 members and others
Other trading artivrties
Tlcket income
- Auction income
183,426
103,321
25,850
18.767
UJ6Y.
Tax recoverable under Grfi Ald
Investment Income
Interest Receivable
26.922
14.695
13
Total Income
254,966
118,029
EXP￿dItYre an:
Ralsln8 Funds
Fund ralsing events
. Lombard Appeal Expense
. CAF Fees
Charltable Actlvitles
Gronts paid to instituti¢n5
- Support Costs
26.943
691
551
99
120,99)
51,082
10,836
97,803
48,701
51,082.
Total Expen
21X).257
10.836
146,603
Net Surplus/lDeficltl
54.709
110.8321
. 43MS 128,5741
Net Movement In Funds before
unrealised loss
54,709
110,8321
43*., 128,5741
Unreallsed Iloss118ain on Investment
144.5281 16,3611 111,8131 128,1711 .IW74.
137,116
Net Movement in Funds
10.181
16,3591 122,6451 128,1651 t44988i
108,542
Funds brought forward * 01 October 2021
567,687
85,987
140.796 386,054
IKI524 1,071,982
Funds carrfed fo￿ard at 30 September 2022
577.868
79,628
118.151 357,889 .,-&03￿3* 1,180.524
io

THE INTERNATIONAL BANKERS CHARITABLE TRUST
Balance Sheet
For the Year ended 30 September 2022
Notes
2022
2021
Flxed Assets
Investments
928.411
1.019,284
Cwrent Assets
Debtors due In less than one year
65,433
78,857
Cash at bank
154,092
118,833
219,525
197,690
Creditors.. Amount fallin8 due within one
year
114,4iXII
136,4501
Nel Current Assets
205,125
161,240
Net Assets
1,133,536
1.180,524
Funds
General ReseThe
io
357.889
386,054
KCWU Fund
io
79.628
85,987
Past Masters Fund
io
118,151
140,796
Unrestrlcted Fund
io
577,868
567,687
Net Funds
1,133,536
1,180,524
Jason Van Praagh
Master
Jenny Knott
Chairman Finanre Commlttee

THE INTERNATIONAL BANKERS CHARITABLE TRUST
Notes to the Financial Statements
th
For the Year ended 30 September 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLiaES
General Informatlon and basls of preparatlon
The flnancial statements have been prepared in accordance wlth Accounting and
Reporting by Charilies.. Statement of Recommended Piactice appllcable to charitles
preparing their ac¢ounts in actofdance with the Flnanoal Reporting Standard applicable
in the UK and Republic of Ireland IFRS 1021 leffective l January 20151- (Charities SORP
IFRS 10211, the Finanaal Reporting Stsndard applicable in the UK and Republic of Ireland
IFRS 1021 and the Companies 2CO6.
The financial statements have been prepared to 8lve a 'true and falr. vlew and have
departed from the Charities IAccounts and Reports) Regulations 2&)8 only to the extent
required io provide a 'tTue and fair, view. This departure has involved following the
Charities SORP IFRS 1021 published on 16 july 2014 rather than the Accounting and
Reporting by Chafitles: Statement ol Recommended Practice effective from l April 2005
whlch ha5 slnce been wiihdrawn.
The Internatlonal 8ankers Charitable Trust meets the definition of a publlc benefit entitv
un(ier FRS 102. Assèts and liabilities are initially recognised at hlstorlcal cost or
tronsafflion value unless otherwise stated in the relevant accountin8 polky.
The charitls functional and presentational currency Is Pounds Sterling and roundlng Is to
the nearest £1.
In¢om•
All Incomlng resour¢e5 are Included In the Statement of Flnandal Acilvlties when the
Trus¢ Is le8ally entitled to the income after any performancè conditions have been met,
the amouni can be measured reliably. and it is probable that the incorne wlll be received.
For donation5 to be recognised the Trust will have been notified of the amounts and the
settlement date in writing. If there are conditions atiached to the donatlon and thls
requires a level of performan￿ befofe entitlement can be obtained, then income Is
delerred vntil th05e conditions are fully met or ihe fulfilmeni of those Conditions is
wlthin the control of the Trust and 11 is probable thai ihey wlll be fvlfilled.
Income from tradin8 artivities includes Income earned from fvndralslng events and
tradin8 activities to raise fund5 for the Trust. Incorne is reeelved in exchange for
supplying goods and service5 in order to raise fur￿5 and is reco8ni5ed when entitlement
has occurred.
Investment income is earned through holding listed shares for investment purposes. It
includes dividends and interes1. Where it is not prarticable to identify investment
management costs incurred within a scheme with reasonable accuracy ihe Investment
Income is reported of these costs. It is Included when ihe amount can be measured
reliabw.
12

THE INTERNATIONAL BANKERS CHARITABLE TRUST
Notes to the Financlal Statements Icontinued)
Expendlture
All expenditure Is accounted for on an accruals basls and has been clèsslfied under
headings that a88re8ate all costs related to the utegory. Expenditure is Tecognised
where there is a legal or constructive obligation io make payments to third partles. it is
probable that the settlement will be required. and the amount of the obllgaiion can be
measured reliably. It is cotegorbsed under the following headings:
Costs of generatlng fvnds indudes costs Incurre(I seekln8 voluntary ￿ntributIonS
through donations and the running of fvndraisin8 events durirt8 the year-
Expenditure on chaiitable activities includes all costs incurred on furtherin8 the
objects of the Trust- and
Other expenditure represents those items not falling into the categories above.
Grants payable to third partbe5 are within the tharitable objectlves. Where unconditional
grants are offered, thls is acuued as soon as the recipient is notified of the grant. as thls
gives rise to a reasonable expectaiion that ihe recipient will receive the grants. Where
granis are conditional relating to performance then the grani is only accrued when any
unfulfilled conditions afe outside of the control of the Trust.
Investments
Investment5 are a form of basic financial instrument and are initially reco8ni5ed at their
transaciion value and subsequently measured at their fair value usin8 the quoted market
price. All galns and losses are taken to the Statement of Financial Activities as they arlse.
The Statement of Financlal Aclfvities IrKludes the net aains and losses arisln8 on
revaluations and dlsposals throughout the year. As inves¢ments afe revalued to falr
value contSnuously, no reallsÈd gains or losses arlse.
Debtors
Short-term debtors are measured ai tran￿llIon price. less any lrnpalrment.
Cash and cash equlvalents
Cash is represented by cash in hand and deposits with financial insiltulions repayable
without penalty on notice of not mole Ihan 24 hours. Cash equlvalents are hb8hly liquid
investrnents that mature in no more than three months from the date of acquisitlon and
that are readity convertible to known amount5 of cash with insignificant risk of change in
value.
Credltors
Creditors are re¢ogni5ed when the Trust has a pre5eni leBal or ¢on5tru¢tive obli8at¥on
resulting from a past event and the settlement is expected to result in an outflow of
economic benefits.
13

THE INTERNATIONAL BANKERS CHARITABLE TRUST
Notes to the Financial Statements {contlnued)
Funds
General funds are unrestricted furKls whith are available for use at the discretion of the
Trustee in furtherance of the general objective5 of the Trust and which have not been
designated for other purposes.
Restricted funds are funds which are to be used in attordante with specifit restrbttions
imposed by donors or which have been raised by the Trust for partictslar purposes. The
¢osts of raisin8 and administering such funds are char8ed against the specific fund. The
aim and use ol each festiicted fund is set oui in the notes to the financial statements.
The KC Wu Fund commemorates the life of K C Wu, who died in January 2￿2. Initial
used to fund an annual lerture after consultin8 the family of the late Mr. Wu it now
lunds Mansion House Stholar5 from the Far East, at the d￿CretIon of the Trusiee.
The Past Masters Fynd was set up to Commemorate the life of Past Master the late Lord
Geor8e 0151 Tudy and funds the WCIB Lord Geor8e BUr￿ry at Dulwich Colle8e.
Flnanclal Instrufflents
The Charity only holds basic financial instruments as defined in FRS 102. The flnanclal
assets and financial liabilities of the Charily Jnd thèir measuiernent basis are as lollows..
Debtors
trade and other debtor5 lindudinB èctrued income) are baslc financl31
instruments and are debt instrument5 measured at amortised cost as detailed in Note 7.
Prepayments are not finanual instruments.
Cash at bank is cla$5bfied as a basic financial instrument and Is measured at face value.
trade creilitors. accruals and other creditors are financlal
instruments. and are measured at amortised tost as detailed in Note 8.
1.10 Golng concem
The finaft¢ial statements have been prepared on a 8oing Concern basts as the Trustees
belleve that no material uncertainties eiist. The Tru5tee5 have considered the level of
funds held and the expected level of Income ano expenditure for 12 months from
authori5in8 these financlal 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.
Independent Examlnerfs Fees
2022
2021
Independent Examination
1,8rJ)
14

THE INTERNATIONAL BANKERS CHARITABLE TRUST
Notes to the Financial Statements (continued)
Grants Payable
For the year ended
For the year
30.09.22 ended 30.09.21
Grants pald to Instftutlons
Dulwich College
Mansion House Scholarship Scheme
The Brokera8e Citylink
University Academic Prizes
Essay Competition Ischools, The brokerage)
Bayes 8uslness School. City Vnr¥ersity
Lord Mayor'5 Big Curry Lunth IABF The Soldiers, Charity)
Lord Mayor'5 Appeal
Debate Mate Schools
Ukraine Appeal
Plaiinum Jubilee
NRHQ RA
Finandal Futures
10,836
10,623
42,(MXI
42.000
9,069
2,9tKJ
4,31))
i.0￿)
2.700
4,300
I,cKJo
6,300
20,OCQ
iO.CKK)
2,500
1.1
University Education
The Sherlffs. & Recorder's Fund
School Home Support
Talent Ed
9,580
I,oco
2,OCKJ
Greenhouse Sports
Klng Henrfs Walk Garden
8ookm3rk Aeadin8 Chaflty
Guildhall School of Muslc & Drama
London Excellence kademv
St Clements & Si James Community Development Projert
St Mary-le-Bow Young Homeless Charity
My8nk'
Grants of less thèn £1￿?
I,OCN)
i.oc4J
I,oco
12.40))
2,731
97.803
3,590
131.826
•The 2017 programme wilh Feltham Youn8 Offenders was goin8 to be repeated in 2018, for which
8rant or £2.4CKI wa5 approved. In the end, this PfO8ramme did not take pla￿ so the amount was
wrltten back in.
15

THE INTERNATIONAL BANKERS CHARITABLE TRUST
Notes to the Financial Statements (continued)
Support Costs
2022
2021
Staff costs
27.237
16,704
2.978
27,237
16,704
2.865
95
Occupancy costs
Investment Management Fee5
Bank charges
Governance costs- Independent examination fee
Annual Banquet
1.8C(I
2.295
51,082
48,701
Employees
Staff costs relate only to a ie¢har8e from The Worshipful Company of International
Bankers. The average monthly number of employees durin8 the year was I12021- 11.
There were no employees who re￿1ve￿ lotal employee benefits of more than £60.000.
Investments
2022
2021
Investments at 01 October 2021
Addltlons
Oisposa15
Revaluatlon
Movemènl in cash holdln8S
Investments at 30 September 2022
1.019,284
882,111
128,000
1128,CQOI
137,116
57
190,8731
928,411
1,019,284
Investments at fair value comprise:
Llsted Investments
928,411
1,019,284
All the fixed a$5et investments are held In the UL
Debtors: Amounts falllng due wlthin one year
Trade Debtors
14.241
I,iio
Accrued Income
51.192
61,013
Prepayments
16,734
65.433
78,857
16

THE INTERNATIONAL BANKERS CHARITABLE TRUST
Notes to the Financial Statements (continued)
Credltors: Amounts falling due withln one year
Deferred income
32.850
Other accruals
14,4
3.6C
14,4CQ
36.450
During the year. deferred income brought forward of £32.850 was released and income of £NII
was deferred. resulting in a carried forward balance of £Nil at the year*nd. Deferred intome
related to bookings for events whith had been delayed until aftef the year-end due to COVID.
Trustee Expenses
The Trustee is considered to be ihe Key Management Personnel of the Charity. The
Trustee received no remuneratlon12021.. £nill. No expenses were incurred by the Trustee
in the year12021.- £nill.
io
Fund Re¢on(illatlon
The funds of the Trust Indude segr4ated funds comprisini the followin8 unexpended
balances..
Mo¥em•nt In Funds
At l Ortob•r
Incomlni
Resourte5 Expended
Resour¢•s
Gthlnsl
Losse$ 30.09.12
Al
2021
Unrestrlcted:
General Reserve
386.054
7.687
128,1711
12CKI.2571 144.5281
357,889
577,868
Unrestricted Fund
Resirkted:
Past Masters Fund
KC Wu Memorial Fund
254.966
140,796
8S.987
1.180524
110,8361 111,8131
6,361
190,873
118,151
79.628
1,133.536
254.978
211.093
li
Analysls of Net Asset5 between Funds
Unrestrkted
KC Wu Past Masters Total Funds
Funds 2022
Fund 2022
Fund 2022
2022
Fixed asset investments
Current assets
Creditors due wiihin one year
781.851
168.3(
114,4(Kil
935.757
52.297
27.331
94,263
23.888
928.411
219.525
114,4001
1,133,536
79.628
Detslls on each of the funds above can be found in Note 1.8 on page 14.

THE INTERNATIONAL BANKERS CHARITABLE TRUST
Notes to the Flnanclal Statements (continued)
12
Related Party Transact1￿5
The Worshipful Company of International 8ankeTS, the 501e Trustee of thi5 Charitv,
recharged salary and occupancy costs to the Yrust of £27.237 12021.. £27,237) and
£16,70412021: £16.7041 Tespectrvely in the year. During the financial year the Charity also
invoiced The Worshipful Company of International Banker5 £78,01812021'. £78.8571 for
voluntary donations that were collected on behalf of the Chority. At the Balance Sheet
date an amount of £14.241 was due io the Charity12021.' £8101.
13
Agency Arrangement
During the finanaèl year the Charlty acled as agent for The Securlties Flnance Ball ISFSCBI
in or8anisin8 a fvnd raising dinntr on 12 May 2022 at Plaistererfs Hall. The Charity
processed income of £129,732 and paid expenses of £74,132 on behalf of SFSCB. At the
Balance Sheet dale an amount of £9,c￿ was held on behalf of SFSCB.
14
Post Balance Sheet Event
The Charlty recelved a number of one-ofl le8ac¥ donatlons on 31 January 2023 totalling
£409.832. primarily emanating Irom UK domiciled and regulated banks, with the residual
from the London Offi￿ of ￿rtain Eufopean. North American and International banks.
8anco de Sabadell S.A.
Bank ol Ireland UK PLC
Barclays 8ank PIC
Brilish Bankers, Assoclation Le8acy
CAF Bank Ltd
Cambrid8e & Countle5 8ank Umited
Danske Bank
Hampden & Co
HSBC Privaie Bank Limited
Monzo Bank Limited
Nailonal Bank of Canada
National Bank of Kuwait Ilniernaiionall plc
Northern Trust Global Servlces timited
Royal Bank of Scotland Pl
Secure Trust Bank PIC
Tesco Personal Finance PIC
£572
£5,083
£204,521
£82,524
£572
£572
£1,142
£572
£2,S78
£S72
£572
£710
£3,148
£102.260
£997
£3.437
£409,832
18

THE INTERNATIONAL BANKERS CHARITABLE TRUST
15
Statement of Financial Artivltles
For the Year ended 30th September 2021
Notes
2021
2021
2021
Past
KCWU
Masters
Fund
Fund
General
IReJtr*todl 1Re¥thtt￿) Reserve
2021
2020
Unre5trirted
Funds
Tot•1
Funds
Income and Endowments fvoffl:
Donations Re¢elvable
- WCIB members and others
Fund Raising Event
. Lombard Appeal Income
Tax recoverable under Gift Aid
Investment Income
Interest Receivable
Divldend Received
103,321
93,223
6,461
14,695
14,748
875
Tot•1 Incam•
118.017
115,307
Expendlture on:
Raising Funds
. Lombard Appeal Expense
. CAF Fees
Charttable ArtNities
Grants paid to instr¢utSon5
- Support Cost5
183
75
87.180
48.701
10,623
97￿￿ ILhJ,768
47,543
Total Expenses
135,980
10,623
X46M3 148,569
Net SurplusllDeflcitl
117.963)
110,6191
6 {W74} 133,2621
Net Movement In Funds before
unrealised Galn
{17.9631
110.6191
I2￿74} 133.2621
Unrealised Gain on Investment
67.187
9,598
17,825
42,506
39,602
Net Movement In Funds
49.224
7.206
42.512
ICA542
6,340
Funds Ixought forward at 01 Ortober 2020
518,463
76.387
133.59) 343.542 ' L97
1.065,642
Funds carrled forward al 30 September
2021
S67.687
85,987
140,796 386.054 IJW24' 1.071,982
19