Charity registration number 1097052
INVESTREAM CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL2024

INVESTREAM CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trust•es
M Morris
G S Morris
Charity number
1097052
Principal address
1 Portland Place
London
W1B1PN
Independent examiner
Mark Bailey
5th Floor
3 Dorset Rise
London
EC4Y 8EN
Bankers
Royal Bank of Scotland plc
62 - 63 Threadneedle Street
London
EC2R 8LA
Metro Bank
One Southampton Row
London
WC1B SHA

INVESTREAM CHARITABLE TRUST
CONTENTS
Page
Truslees, report
Independent examiner's report
Statement of financial activities
statement of financial position
Notes to the financial statements
7-15

INVESTREAM CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 APRIL 2024
The Trustees present their annual report and financial statements for the year ended 30 April 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the Trust's Deed dated 17 January 2003. the Charities Act 2011 and
'Accounting and Reporting by Charities= Statement of Recommended Practi￿ applicable to charities preparing
their accounts in accordan￿ with the Financial Reporting Standard appliGable in the UK and Republic of Ireland
(FRS 1021" (effective 1 January 2019).
Objectlves and actlvitles
The Trust's objectives are to assist charitable causes In the advancement of education, the relief of povety and
infirmity and such other purposes beneficial to the community as are considered by English law to be charitable.
The Trustees have unreslricted power to apply Trusl fvnds towards these charitable objectives.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
Trust should undertake.
The Trust's primary source of income derives from donations made by Mark Morris. a Trustee. and related
entities.
The Charity is not actively engaged in fund raislng nor does il solicit donations. The funds are maintsined al
levels which the Trustees consider appropriate in order maintsin liquidity within the Trust, to cover costs of
management and administration and to satisty a distribution policy consistent with the Trust's overall charitable
objectives.
The Trustees follow a policy of making charitable donations only after they are satisfied that the Trust has
adequate resources to meet its commitrnents. As at 30 April 2024 there were no future commitments with regards
to the funds held.
The Trustees have adopted a policy of making regular donations to charitsble causes, having regard to Ihe level
of the Trust's annual income and surplus funds available. They regularly appraise new opportunities for direct
charitable expenditure and from time to time make substantial donations to support special or capital projects.
During the year the Trust made donations to qualifying organisations amounting in aggregate to £979,39812023'.
£762,650).
At the end of the prior year, the Trust had a loan outstanding from Redbourne Avenue LLP for £500, 000. During
the curient year, the Tnjst disposed of its investment in this entity. gifting the loan and other M￿bershiP
interests to another UK regislered charity. We Hub Building.
Achievements and performance
The Trust utilised ftjnds received in previous years and the current year to continue lo meet its charitable
objectives in the current year.
During 2022, the Trust purchased a property which will be provided to persons in need. witt) rent free
accommodation, therein advancing the Trusys charitable objectives. The property was purchased in February
2022 for £418,367 and any costs associated in the upkeep of the property will be borne by the Trust or its
benefactors. During the year, one of the Trustees met property upk&p costs as a personal donation of £12,350.
During the year, the Trust's accountancy fees were paid by an entity under common control.

INVESTREAM CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
Financial revlew
The results for the year are set out in the Statement of Financial Activities for the year on page 5. During the year
the Trust had total incoming resources of £329,70912023- £822,399), comprising rnainly of donations received.
Whilst holding unrestricted powers, the Trustees, policy towards investment is designed to ma￿Mise security of
capital al a time of low interest rates and yields. Consequently. surplus resources have been invested in interest-
bearing accounts that do not expose the Trust's capital to significant market risk, To date the Trustees have
followed a policy of making frequent distributions and they therefore consider it appropriale for surplus funds to
be invested into readily realisable deposits. After taking account of direct charitable expenditure amounting to
£994,233 (2023: £786,398). including support and governance costs of £14.835 (2023.. £23,748), there was a
deficit of incoming reSoUr￿S over resources expended of £664,524 (2023.. £36.001 surplus).
The Statement of Financial Position on page 6 shows the financial position of the Trust as at 30 April 2024.
At that date there was a net asset surplus of £564,001 {2023'. £1.228,525). The unrestricted fund is applied
towards the Trust's charitable objeclives and in order to meet the modest operating costs of the Trust.
In accordance with the Trust Deed the endowment fund is expendable at the discretion of the Trustees, that is
the capital can be expended when the Trustees so decide. although it is the usual policy of the Trustees lo make
awards from the unrestricted funds only.
The nel assets of the Trust amounted to £564,011. which are represented by the balance on the unr&8tricted
funds of £564,001 and endowment funds of£10.
Thè net assets of the Trust's unrestricted fund are held to further enhance the Trust's charitable objeclives. It is
the Trust's policy to retain free reserves sufficient to cover ils granl making commitments for a period of 12
months from the balance sheet date. The Trustees consider that the total closing unrestricted funds of £564,011
are adequate to meet such commilrnents.
Rlsk statement
The Trustees regularly review the major risks that the Tnjst faGes and believe that maintaining Ihe reserves at
appropriate levels, combined with an annual review of the controls over key financial systems, will provide
sufficient resources in the face of adverse conditions. The Trustees have also examined the operational and
business risks which the Charity faces and consider that the Charity's inlemal control systems are appropriate,
given the size and nature of the operations, to mitigate the significant risks.
The Trustees take greal care to research potential benefactors before grants are made. Regarding projects of a
capital nature monitoring is undertaken to ensure that the grants made by the Trust achieve their objeclives.
Plans for the future
The Trustees believe that grants made to various charilies in the year will go some way towards the
advancement of educalion, the relief of poverty and infirmity and such other purposes beneficial to the
community. It is anticipated that continued support from the Trusteas and entities related thereto will enable the
Trust to maintsin its level of charitable giving in the foreseeable future.
The Truslees intend. for the foreseeable future, to continue their policy of distributing income within a short period
of time from its receipt rather than accumulating reserves for future projects.
Struclure, governance and management
The Trust was estsblished by a charitable trust deed on 17 January 2003. The Charity was registered with the
Charity Commission on 15 April 2003. On Ihat dale Investream Limited settled £10 as the initial sum to establish
the Trust.
The Trust's day to day activities are administered by the Trustees, as the Trust employs no staff. The Trustees,
who receive no remuneration or benefits for their services, are solely responsible for the consideration and
authorisation of the charitable donations made by the Trust.

INVESTREAM CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
The Trustees who served durtng the year were..
M Morris
G S Morris
The Trustees are responslble for the appointment of further Trustees.
The Trustees, report was approved by the Board of Trustees.
M Morris
Trustee
Dated.. 24121.2025

INVESTREAM CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF INVESTREAM CHARITABLE TRUST
I report to the Trustees on my exarnination of the financial statements of Investream Charitable Trust (the Trust) for
the year ended 30 April 2024.
Respon51bilities and basis of report
As Ihe Trustees of the Trust you are responsible for the preparation of the finan¢ial statements in accordan￿ with
the requirements of the Charities Act 2011 {the 2011 Act).
I report in respect of my examination of the Twsl's financial statemenls carried out under sect¢on 145 of the 2011
Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b) of the 2011 Act.
Ind8pend8nt axaminar's statement
Since the Trust's gross income exceeded £250,000 your examiner must be 8 member of a body listed in section
145 of the 2011 Act. I confimi that l am qualified to undertake Ihe examinatlon becaus8 l am a member of the
Institute of Chartered Accountants in England and Wales. which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordan￿ wtth Accounting
and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) in preference to theAccounting and Reporting by Charities: Statement
of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been
withdrawn.
l understsnd that this has been done in order for financial ststements to provide a true and fair view in accordance
with Generally Accepted Accounting Pra￿lee effective for reporting peric>ds beginning on or after 1 January 2015.
I have compleled my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the Trust as required by section 130 of the 2011 AGI-, or
the financial statements do not accord with those records- or
the financial slatements do not comply with the applicable requirements concerning the form and content of
accounts sel oul in the Charities (Accounts and Reports) Regulations 2008 other than any requirernenl that the
accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no COn￿mS and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understsnding of the financial statements to be reached.
Mark Bailey FCA CTA
5th Floor
3 Dorset Rise
London
EC4Y 8EN
241212025

INVESTREAM CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2024
Unrestricted Endowment
funds
funds
2024
2024
Total
Total
2024
2023
Notes
Donations
Activities in furtherance of the Charity's activttses
Investments
327,250
327,250
818,666
3,109
624
2,459
2,459
Total incomg
329,709
329,709
822,399
enditure o
Charitable aclivities
994,233
994,233
786,398
Net (expenditure}Ilncome for the yearl
Net movement In funds
{664,524}
(664,5241
36,001
Fund balan￿S at 1 May 2023
1,228,525
10 1,228,535
1.192,534
Fund balances at 30 April 2024
564,001
10
564,011
1.228,535
The siatement of financial activrbes includes all gains and losses recognised in the year.
The slatement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing aclivities.

INVESTREAM CHARITABLE TRUST
STATEMENT OF FINANCIAL POSITION
ASAT 30APRIL 2024
2024
2023
Notes
Fixed assets
Heritage assets
Investment property
Investments
12
11
13
26,000
35,300
421,639
26,000
35,300
421,739
482,939
483,039
Current assets
Debtors falling due after one year
Cash at bank and in hand
15
500,000
247,996
83,572
83,572
2,500
747,996
2,500
Current liabilities
16
Net current assets
81,072
745,496
Total assets less current liabilities
564,011
1,228,535
The funds of the Trust
Endowment funds
Unrestricted funds
17
10
564.001
10
1,228,525
564,011
1,228.535
24/212025
The financial statements were approved by the Trustees on .............. .
Il(AYL Iltskyis
M Morris
Trustee

INVESTREAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
AGGountlng pollcie5
Charlty information
Investream Charitable Trust 15 a registered. unincorporated charity.
1.1 Accounting convention
The financial staternents have been prepared in accordance with the Trusfs [governin9 dcKument], the
Charilies Act 2011, FRS 102 "The Financial Reporting Slandard applicable in the UK and Republic of
Ireland" ("FRS 102"> and the Charities SORP 'AcGounling and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The
Trust is a Public Benefit Entity as defined by FRS 102.
The Trust has taken advantage of the provisions in the SORP for charities nol to prepare a Statement of Cash
Flows.
The financial slatements have departed from the Charities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in pound sterling, which is the funclional currency of the Trust.
Monetary amounts in these financial statements are rounded to the nearest pound sterling.
The financial statements have been prepared on the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At the lime of approving the financial statements, the Trustees have a reasonable expectation that the Trust
has adequate resources to continue in operational existence for the foreseeable future. Thus the Truslees
continue to adopt the going wncern basis of accounting in preparing the financial statem8nts.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtheran￿ of the Trusys charitable
objeclives unless the funds have been designated for other purposes.
Endowment funds are subject to specific conditlons by donors that the capital must be maintained by the
Trust.
1.4 Incoming resources
Income is recognised when the Trust is legally entitled to it after any performan￿ conditions have been met.
the amounts can be measured reliably, and it is probable that income will be re￿ived.
Cash donations are recognised on receipt. Income tax recoverable in relation to donations received under Gift
Aid or deeds of covenant is recognised at the time of the donation.

INVESTREAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
Accounting policios
(Continued)
1.5 Resources expended
Expenditure is recognised once there is a legal or constructive obligation to Iransfer economic benefit to a
third party. il is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by aclivty. The costs of each activity are made up of the total of direct cosls and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single
activity are allocAted directly lo that activity. Shared cost5 which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned be￿een those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate
all cost related to Ihe category.
1.6 Inveslment properties
Investment property, which is propefty held to eam rental income andlor for capital appreciation, is initially
recngnised at cost. which includes the purchase cost and any directly attributable expenditure. Subsequently
it is measured at fair value as at the reporting end date. The surplus or deficit on revaluation is recognised in
profit or loss.
1.7 Heritage assets
Heritage assets are initially measured at transaction price excluding transaction costs. They are considered to
have an indefinite useful economic life, and as such are not depreciated, but rather are reviewed at each
reporting date for evidence of impairment. If any impaimient is recognised, this will be included within net
incomel(expenditure) during the year.
1.8 Non-current investments
Unlisted investment5 are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel{expenditure) for the year. Transaction costs are expensed as incurred.
Programme related investments are investments which are held at cost for the furthèrance of the Trust's
objectives.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash In hand and deposits held at call with banks.
1.10 Financial instruments
The Trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, of FRS 102 to all of
its financial instruments.
Financial instruments are recognised in the Trust's balan￿ sheet when the Trust becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset. wilh the net amounts presented in the financial statements. when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise Ihe asset and seltle the liability simultaneously.

INVESTREAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which indude other receivables and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried al amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured al the present value of the future receipts discounted at a market rate of interest. Financial assets
lasslfied as receivable within one year are not amortised.
Baslc financial liabilities
Basic financial liabilities, including other payables are initially recognised at transaction price unless the
arrangement constitutes a financing transaction, where thé debt instrument is ￿eaSured at the present value
of the future receipts discounted at a market rate of interest. Financial liabilith.es classified as payable within
one year are nol amortised.
Debt instruments are subsequently carried at amortised c05t. using the effective interest rate method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Trust's contractual obligation5 expire or are discharged or
cancelled.
1.11 Forelgn exchange
Monetary assets and liabilities denominated in foreign currencies are translated into pound steding at the
rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at ltte rate
ruling at the date of Ihe transaction. All differences are taken to Ihe Statement of Financial Activities.
1.12 Governance costs
Governance costs comprise of bank charges and accountancy fees.
1.13 Social investments
Social investments are initially measured at transaction price including Iransaclion costs.
Social investments arise when the Trust provides financial support in the form of interest free loans to other
entities in order to further the Trust's charitable aims.
The expectation is that the loans will be repaid. The Trustees review the loans annually and if there 15 a risk of
non-payment. an impairment provision is made.
Critical accounting estimates and judgements
In the application of the Trust's accounting policies, the Trustees are required to make judgements. estimates
and assumptions about the carrying amount of assels and liabilities that are not readily apparent from other
sources. The estimates and associated assumption5 are based on hislorical experience and other factors that
are considered to be relevant. Actual results m8y differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basls. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects C￿lY that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
The Trust recognises its investment properties at fair value. These properties have been hekl at cost but
mpared to on an open value at 30 April 2024 by the Trustees. The Trustees believe Ihat the cost was
malerially equivalent to the open market value at the balance sheet date.

INVESTREAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
Income from charitable activities
Unrostricted
funds
2024
Unrestricted
funds
2023
Charitable rental income
3,109
Donatlons
Unrestrlcted Unrestricted
funds
funds
2024
2023
Donations and gifts
Donated services
312.500
14,750
795.000
23.666
Investments
Unrestricted
funds
2024
Total
2023
Inlerest receivable
2,459
624
10-

INVESTREAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
Grants payable
Education
Medlcal Community
and Elderfy
care
Total
2024
Total
2023
Grants to instilutions:
Other
878.798
66,000
234.600
979,398
762,650
All grants payable were made to charitable institutions. Of these, grants totalling more than £30,000 of
charitable expendf(ure were made to We Hub Building 1£500.1001. Achisomoch Aid Company Limited
(£135,000), Moreshet Halorah (£83,100), Chana Charity (£66,000), The Belz Foundation (£39,000). All other
grants totalled £156.198.
Trustees
None of the Trustees (or any person5 wnnected with thern) re￿iVed any remuneration or benefits from the
Trust during the year.
Support and governance costs
2024
2023
Support costs
12,350
21.866
Independent examination fees
Bank charges
2,400
85
1.800
82
14,835
23,748
Analysed as
Charitable activibes
14,835
23.748
10 Employees
There were no employees during the year.
12-

INVESTREAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
11 Investment property
2024
Fair value
At 1 May 2023 and 30 April 2024
35,300
The investment property represents a 50/0 holding in a commercial property in Hamilton. Lanarkshire. At the
year end, the Trustees have delermined the fair value of the investment to be equal to its original acquisition
cost.
12 Heritage assets
Heritage asset
At 1 May 2023 and at 30 April 2024
26.000
The Trust has purchased Sefer Torahs to fvrther its charitable objeclives. The first was purchased in the
year ended 30 April 2018 for a cost of £11.250. and the secor)d was purchased in the year ended 30 April
2020 for £14.750.
13 Flxed asset Investments
Unlisted Programme
investments
related
investments
Total
Cost or valuatlon
At 1 May 2023
Disposals (note 15}
100
(100)
421.639
421.739
(100}
At 30 April 2024
421.639
421.639
Carrying amount
At 30 April 2024
421.639
421,639
At 30 April 2023
100
421.639
421,739
14 Financial instruments
2024
2023
Carrying amount of financial assets
Debt instruments measured at amortised cost
Equity instruments measured at cost less irnpairrnent
500,000
421,739
421,639
Carrying amount of financial liabilitlas
Measured at amortised cost
2,500
2.500
13-

INVESTREAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
15 Trade and other receivables
2024
2023
Amounts falling due after more than one year:
Other retsivables
500,000
At 30 April 2023, debtors due after more than one year comprised a loan of £500,000. During the year, the
Trust gifted all its interests in Redbourne Avenue LLP. including the above loan, to anolher UK registered
charity, We Hub Building.
16 Current liabilitios
2024
2023
Other payables
Accruals and deferred income
100
2.400
100
2.400
2,500
2.500
17 Endowment funds
Endowment funds represent assets which must be held pemianently by the Trust. Income arising on the
endowment fvnd5 can be used in accordance with the objects of the Trust and is included as unreslricled
income. Any capital gains or losses arising on the assets form part of the fund.
At 1 May 2023
At 30 April
2024
Permanent endowments
10
10
Previous year:
At 1 May 2022
At 30 April
2023
Permanent endowments
10
10
14-

INVESTREAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
18 Unrestrlcted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants ￿1¢h are
not subject lo specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside OLrt of unreslricted funds by the trustees for specific purposes.
At 1 May 2023
Incoming
resources
Resources
expended
At 30 April
2024
General fvnds
1,228,525
329,709
(994,233)
564,001
Prevlous year:
At 1 May 2022
Incoming
resources
Resources
expended
At 30 April
2023
General funds
1,192,524
822.399
(786.398)
1.228.525
19 Analysls of net assets between funds
Unrestrided Endowment
funds
funds
2024
2024
Total
2024
Fund balances at 30 April 2024 are represented by,.
Heritage assets
Investment properties
Investments
Current assetsl{liabilities)
26,000
35.300
421.639
81,062
26.000
35,300
421.639
81.072
10
564,001
10
564,011
The Trust was settled with £10 as the intial sum to establish the Trust.
20 Related party transactions
Remuneration of key management personnel
No key management personnel were remunerated during the year.
Transactions with related parties
During the year, the trust received donations totalling £250,000 (2023: £500.000} from Mark Morris. who is a
trustee. The trust received a further £Nil from entities under common ￿ntrol (2023.. £170,000).
At 30 April 2023, the Trust was owed £500,000 by an entity in which the Trust has a membership interest.
During the year, the Trust disposed of its investment in this entity, gifting the loan and other membership
interests lo another UK registered charity, We Hub Building.
15-