City Pay it Forward
CITY PAY IT FORWARD CIO
Trustees, Annual Report
Year ended 31 December 2024

City Pay it Forward CIO
Trustee's Annual Report
Year ended 31 December 2024
The trustees present their report of the charity for the year ended 31 December 2024
Reference and administrative details
Registered charity name
City Pay it Forward CIO
Charity registration number
1187860
Principal office
2 Bagleys Lane
London
SW6 2AS
The trustees
S W Eaton
QG Nason
M Schwartz
M Koppenberg
M M Saluja
V DeLorenzo
V Laing
P Metha
Trustees are elected to post.
Structure governance and management
The CIO is a company limited by guarantee registered with the Charity Commission.
The trustees, who are also the directors for the purpose of company law and who served
during the period and up to the date of signature of the financial statements were as listed
above.
Purposes of the charity
City Pay it Forward ('CPIF') works to advance education for young people by undertaking
activities relating to but not limited to financial education, training and mentorship to
further knowledge in the areas of money, finance, enterprise, budgeting and general
economics. Our aim is to help address some of the issues of youth indebtedness by
educating younger generations around financial literacy topics and make sure that good
financial habits are developed early on in life.

Objectives and activities
CPIF'S objectives for the period have been to continue to progress Financial Literacy among
primary and secondary school pupils in the UK and to adapt and deliver our programme for
use overseas, notably the USA.
A summary of our activities during the period is as follows:
Programme development and delivery
In the UK, we continued to collaborate with a range of primary and secondary schools
across a number of activities. Our face-to-face, In-person delivery of our tailored in school
financial literacy presentations continued In both England and Northern Ireland.
In the US, for the third consecutive year, our collaboration with University of Miami School
of Education and Miami-Dade public schools continued with our City Pay it Forward fifth
grade curriculum delivered across students in the districts. The Miami-Dade public school
district (third largest school districts In the US) serves almost 30,000 fifth grade pupils. City
Pay it Forward and the University of Miaml School of Education team delivered a
comprehensive bespoke, six-hour financial literacy curriculum based on City Pay it Forward's
existing UK materials and framework, adapted to the US public education system. The
initiative is a fantastic collaboration between Miami-Dade public schools, University of
Miami School of Education and City Pay it Forward and was provided to the school district
free of charge.
We have continued to develop and deepen partnerships with major academy chains. Our
partnership with United Learning has strengthened, and we continue to facilitate visits to
the offices of corporate partners including TD Cowen and Panmure Liberum, challenging
stereotypes, broadening horizons and providing an insightful experience for these young
people. After the success of the Dragon's Den style event in partnership with United
Learning and Harris Federation in 2023, this year the competition went from strength to
strength with over 400 students from 20 schools participating in semi-finals, with the best
four teams selected to attend the Grand Finale at Drapers Hall on 17th July 2024.
Other milestones achieved during 2024 include:
We hosted a highly successful Women in the City careers event. Ten schools from London
and South East England, 110 A-level students, and twenty mentors came together for
Women in the City - an inspiring and impactful event held in a majestic venue with 700
years of history.
We created and ran an Investment Club and Competition. Over three months, twenty
leading City professionals mentored students, teaching them the fundamentals of investing
and financial markets. The top three students earned cash prizes, while the six most
engaged participants enjoyed an exclusive day on a live trading floor in the City of London
courtesy of our corporate partner TD Cowen.

For the second year in a row, we partnered with TD Cowen to support schools in Northern
Ireland through a Financial Literacy roadshow, including an inspiring visit to their Belfast
office.
Finally, we were honoured that City Pay it Forward was shortlisted as a finalist in the
prestigious CityAM Dragon awards for Leadership in Financial Literacy.
At CPIF we use multiple means to ensure the knowledge needed to help navigate a financial.
future is available as widely as possible. We use different paradigms to ensure impact,
achieving a multiplier effect through digital distribution platforms, educational and
corporate partners and our experience and expertise feeding into public policy.
Engagement in public policy in the UK
CPIF continues to contribute to public policy through communication of our on the ground
insight and expertise. CPIF'S contributions drew on our experience of delivery both in the UK
but also included a detailed case study of our recent experience of delivery in the US, with
notable learnings. We continue to advocate, based on our experience, for financial literacy
education to become a required part of the national curriculum and for it to be
comprehensively and consistently taught in both primary and secondary schools. We also
advocate for the UK to follow the US educational sector which has made taking financial
literacy a requirement to graduate from high school. Furthermore, we actively continued
to work with members of parliament to provide evidence to the All~Parties Parliamentary
Groups when opportunities arise.
Other
Founder Quentin Nason and other trustees continue to actively promote the importance of
embedding financial literacy within the wider City of London financial community through
networking events, participation in the London Stock Exchange's Ring the Bell for Financial
Literacy and livery company events all of which bring together key organisations in the field.
CPIF actively responds to incoming enquiries from teachers and schools from across the UK
and around the world, seeking to use, adapt and learn from our materials and curriculum.
We continued to explore different ways to leverage our materials and expertise so that they
can be used as widely as possible and with maximum impact.
Public Benefit
In planning and implementing the charity's activities, the trustees have at all times kept in
mind the Charity Commission's guidelines on public benefit.
Achievements and performance
During 2024, CPIF further expanded the tailored financial literacy curriculum at scale in the
USA. In collaboration with Harris Foundation, United Learning and the livery companies, the
Dragon's Den style Enterprise Challenge competition, with over 400 pupils participating was

a notable milestone. Other bespoke careers events and the investment competition enabled
CPIF to continue to significantly expand its reach and progress its goals of financial literacy
and social mobility in conjunction with this, by opening up new avenues to the target
audiences.
Financial review
During the period l January 2024 to 31 December 2024, the charity saw a small surplus of
expenditure over income.
The CharitVs principal expenditure related to continued delivery of our programme as
outlined above and expenses related to our engagement in public policy in the UK, in
addition to a small amount in relation to the ongoing delivery and impact evaluation of the
CPIF literacy module in the Miami-Dade County Public School District in Florida.
Declarations
The trustees declare that they have approved the trustee's report above.
Signed on behalf of the charitvs trustees
Signature
Full name
Valerie Laing
Position
Trustee
Date
16 Oc£dxr •Jr

Unrestrlcted
funds
to rnarest £
Restrfcted funds
Endowrnent
funds
to rnar•sl £
Detalls
B2 Other monetsry assets
to Mar•st £
Details
F￿xI to whlch asset
bel ongs
rr•rt val
B3 Investment assets
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FWKI to whlch asset
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Cc*t (c￿lC￿￿1)
Cwrert val
(￿1 cyral)
Details
B4 Assets retained for the
charity's own use
FuThl to wNch
Ilablllty relates
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(qrtl(Thl)
Detalls
(oFrtl￿a1)
B5 Liabilities
Signed by one or two trustees on
behalf of all the trustees
Signature
Print Name
Date of approval
M ￿.sALL)￿A
10
25
CCXX R2 accounts (SS)
0711012025

CHARITY COMMISSION
FOR ENGLAND AND WALES
Receipts and payments accounts
CC16a
For th• perfod
from
1111241
To
3111212024
Section A Receipts and payments
Unrestricted
funds
to rAar•st
Restrfcted funds
Endowment
fund8
to rnarest £
Total funds
Last yoar
to r￿reSt £
to r*ar••t £
to rnar•st £
A1 Recel ts
Incorrn
Interest
5,500
200
Sub total(Gross income forAR)
A2 Asset and Investment sales,
see table
5,$00
Sub total
Total receipts
5,500
200
A3Pa
ments
UK programrrE and costs
US PrcNJrarr
Other costs
5,325
408
Sub total
5.733
18,240
A4 Asset and investment
purchases, (see table)
Sub total
Totalpayments
5.733
18,240
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
233
18,040
13,418
13,651
Section B Statement of assets and liabilities at the end of the period
Unrestricted
funds
to rnarest £
Restricted funds
Endowment
funds
to n8aresl £
to rnarest £
B1 Cash funds
Total cash funds
13,418
CCXX R1 accounts (SS)
(wee with r￿1[kn ￿rI(s))