2020-10-31-accounts - The Scorpion Charitable Trust

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					Page
Legal and	administrative			information
Trustee's	report				2-4
Independent		examiner's		report
Statement		offinancial	activities
Statement		offinancial	position
Statement		ofcash flows
Notes to	the accounts				9-15
Schedule		ofinvestments		and income	16-26

Trustee				Rathbone Trust Company	Rathbone Trust Company	Limited
Charity	number			1094399
Registered		office Iaddress for appeals		8 Finsbury Circus
				London
				EC2M 7AZ
Independent		examiner		Mr David Matkins
				Bourner Bullock Chartered		Accountants
				Sovereign House
				212-224 Shaftesbury	Avenue
				London
				WC2H 8HQ
Legal advisors				Currey 8 Co
				33Queen Anne Street
				London
				W1G 9HY
Bankers and investment			managers	Rathbone Investment	Management		Limited
				8 Finsbury Circus
				London
				EC2M 7AZ

				Notes	2020f	2019
Income Investments					52,923	68,950
Other income					955	1,635
Total income					53,878	70,585
Expenditure Charitable activities					179,639	37,145
Net income before investment			gains		(125,761)	33,440
Net gains/(losses)		on investments		10	(155,432)	124,512
Net movement	in	funds			(281,193)	157,952
Fund balances at 1 November 2019					2,974,337	2,816,385
Fund balances	at	31 October 2020			2,693,144	2,974,337

					2020		2019
				Notes
Fixed assets
Investments						2,509,427		2,632,158
Current assets
Debtors				12			42,854
Cash at bank	and	in	hand		215,355		300,885
					215,355		343,739
Creditors: amounts one year			falling due within	13	(16,638)		(1,560)
Net current assets						198,717		342,179
Total assets	less	current liabilities				2,708,144		2,974,337
Creditors: amounts			falling due after	14
more than one year						(15,000)
Net assets						2,693,144		2,974,337
Income funds
Unrestricted	funds					2,693,144		2,974,337
						2,693,144		2,974,337

			2020		2019
		Notes	F
Cash flows from operating Cash absorbed by operations	activities	15		(106,707)		(78,882)
Investing activities Purchase ofinvestments			(767,910)		(79,611)
Proceeds on disposal of investments			619,566		226,317
Interest and dividends received			53,878		70,585
Net cash (used in)/generated from investing activities				(94,466)		217,291
Net (decrease)/increase in equivalents	cash and	cash		(201,173)		138,409
Cash and cash equivalents	at beginning	ofyear		540,220		401,811
Cash and cash equivalents year	at end of	17		339,047		540,220

Investments
	2020	2019
Income from listed investments Foreign income Fixed interest gross Unit trust interest REIT income	35,290 14,257 2,566 810	43,668 19,982 1,200 3,325 775
	52,923	68,950

4	Other inco	me
				Unrestricted	Unrestricted
				funds	funds
				2020	2019
					F
	Released	from	endowment funds	955	1,725
	Other income				(9o)
				955	1,635
5	Charitable	activities
				2020	2019
				E
	Grant funding		ofactivities (see note 6)	168,791	26,041
	Share ofsupport costs (see note 7) Share ofgovernance costs (see note 7)			9,210 1,638	9,544 1,560
				179,639	37,145

			2020	2019
Poverty Medical Research Heritage Children	& &	Archaeology Disability	1,000 1,000 61,000 105,791	500 24,041 1,500
			168,791	26,041

Net gains/	(losses) on investments
		2020	2019
			F
Unrealised (Loss) on	(loss) sale ofinvestments	(75,901) (79,531)	140,629 (16,117)
		(155,432)	124,512

Fixed asset investments
	Listed	Cash in	Total
	investments	portfolio
	E
Cost or valuation At 31 October 2019 Additions	2,392,823 833,480	239,335	2,632,158 833,480
Realised (loss) Unrealised gain Cash invested Disposals	(75,901) (79,532) (685,136)	(115,642)	(75,901) (79,532) (115,642) (685,136)
At 31 October 2020	2,385,734	123,693	2,509,427

Investments representin	g more than 5%of	the portfolio's total m	arket value (ex	cluding cash):
Investment		Units	Market Value	%ofTotal Market Value
T Bailey Evenlode Global Fii Investment American	Income W	120,000 2,500	137,664 124,200	5.77% 5.21%

			2020 E	2019f
Listed Cash	investments in investment	portfolio	2,385,734 123,693	2,392,823 239,335
			2,509,427	2,632,158
Hit	costofinv	stments	1,748,837	1,844,618

12	Debtors: amounts falling due within one year:			2020	2019
				f
	Investment sale proceeds				42,854
13	Creditors: amounts falling due within one year			2020	2019
	Independent examiners fee Other creditors			1,638 15,000	1,560
				16,638	1,560
14	Creditors: amounts falling due after more than one year			2020	2019
					F
	Other creditors			15,000
15	Cash generated from operations			2020f	2019
	(Deficit)/surplus for the year			(281,193)	157,952
	Adjustments for: Investment income recognised in the statement Loss on disposal of investments Unrealised loss/(gain)	offinancial	activities	(53,878) 79,531 75,901	(70,585) 16,117 (140,629)
	Movements in working capital: Decrease/(increase) in debtors Increase in creditors			42,854 30,078	(41,797) 60
	Cash absorbed by operations			(106,707)	(78,882)

17	Cash and cash equivalents		2020	2019
			E
	Cash at bank and in hand Cash invested		215,355 123,693	300,885 239,335
			339,048	540,220
18	Donations made during the	year	2020	2019
			E	F
	Akshar Trust			1,000
	Bembridge Harbour Trust Cystic Fibrosis Gene Therapy Earl Mountbatten Hospice Grange Festival Jubilee Sailing Trust Imperial College Isle ofWight Foodbank Kings Theatre Maritime Archaeology Trust Royal Thames Yacht Club SAVE Britain's Heritage St Andrew's Club Harbour	Consortium	5,000 1,000 60,000 1,000 791	500 250 5,500 1,000 15,791 500 1,000 500
	The Mary Rose Trust Appeal UCL Coronavirus		100,000 1,000
			167,791	26,041

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