**Draft Financial Statements at 15 September 2022 at 08:56:42** **Charity Registration No. 1094399** ## **THE SCORPION CHARITABLE TRUST** # **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021** **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **CONTENTS** ||**Page**| |---|---| |Legal and administrative information|1| |Trustee's report|2 - 4| |Independent auditor's report|6 - 8| |Statement of financial activities|9| |Statement of financial position|10| |Statement of cash flows|11| |Notes to the accounts|12 - 18| |Schedule of investments and income|19 - 32| **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustee**|Rathbone Trust Company Limited| |---|---| |**Charity number**|1094399| |**Registered office / address for appeals**|8 Finsbury Circus| ||London| ||EC2M 7AZ| |**Independent examiner**|Mr David Matkins| ||Bourner Bullock Chartered Accountants| ||114 St Martin's Lane| ||Covent Garden| ||London| ||WC2N 4BE| |**Legal advisors**|Currey & Co| ||33 Queen Anne Street| ||London| ||W1G 9HY| |**Bankers and investment managers**|Rathbone Investment Management Limited| ||8 Finsbury Circus| ||London| ||EC2M 7AZ| - 1 - **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **TRUSTEE'S REPORT** _**FOR THE YEAR ENDED 31 OCTOBER 2021**_ The Trustee presents their report and accounts for the year ended 31 October 2021. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's deed, the Charities Act 2011 and “Accounting 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)”. ## **Objectives and activities** The Scorpion Charitable Trust was created by Deed dated 23rd August 2002. The Trustee shall hold the capital and income of the Trust Fund upon trust to apply income and, as far as may be necessary, the capital for or towards such charitable purposes and to make donations to such charitable bodies or institutions at such times and in such manner as the Trustee may, in their absolute discretion think fit. Under the terms of Clause 6 of the Settlement Deed, the Trustee is permitted to accumulate income for a period of 21 years from 23rd August 2002, thus until 22nd August 2023. We confirm that there have been no changes in the Charity's objectives during the year. ## **Public Benefit** The Trustee has complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charities Commission. The Trustee supports a number of charitable organisations, as shown within note 18 to the financial statements. The Trustee believes all the donations made are for the benefit of the public. ## **Grant-Making Policies** The Trustee's current policy is to review all written appeals received on a quarterly basis and to consider each appeal on its individual merits. Only successful applicants are notified of the Trustee's decision. Donations are made without any commitment to future funding. During the year under review, the Trustee resolved to make seven donations totalling £103,000 (£168,791 in 2020), as detailed in note 18 of these accounts. ## **Achievements and performance** Trustee meetings take place on an ad hoc basis. However, investment performance and income levels are kept under regular and informal review with the investment managers. In between meetings, applications are considered on a quarterly basis and donations are ratified when the Financial Statements are reviewed and approved. ## **Financial review** Total incoming resources were £1,576,241 (£53,878 in 2020), with £119,256 (£179,639 in 2020) being committed to charitable activities of which £16,256 (£10,848 in 2020) relates to support and governance costs. There was an unrealised gain of £407,579 (loss of £75,901 in 2020) on investments and in addition a realised gain of £118,597 (loss of £79,531 in 2020) resulting in net inflow of funds of £1,983,161 (outflow of £281,193 in 2020). ## **Reserves** The Trustee has a balanced investment policy and therefore only distributes income on an annual basis and retains capital for the maintenance and growth of the Fund. - 2 - **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **TRUSTEE'S REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2021**_ ## **Investment policy** The investment objective for the Trust is for a balance between capital growth and income over the long-term, in line with a Risk Strategy Level 5, as defined by Rathbones Terms of Business. ## **Investment performance** The investment objective for the Trust is for a balance between capital growth and income over the long-term, in line with a Risk Strategy Level 5, as defined by Rathbones Terms of Business. As at 31 October 2021, the portfolio was valued at £4,524,718. The projected gross annual income is £96,488 a yield of 2.1%. Over the period the Charity received considerable donations made-over by in-specie transfers. which. These new holdings have been managed such that some have been sold and others absorbed into the portfolio but stock specific risk has been managed as has size of holding in keeping with usual practise. Net of these inflows, the charity increased 20.1% in total return terms over the 12 months under review. This compares to PIMFA Balanced 21.0%. After the initial market shock of the global COVID pandemic in March 2020 which saw major equity markets down between 20% and 30%, markets quite quickly recognised that the impact of the pandemic would be defined more by economic disruption rather than economic destruction. Accordingly markets quite quickly started to recover. This was further aided by the roll-out of the vaccination programme towards the end of 2020 and markets started to price in the normalisation of economic activity to pre covid levels. Although the pandemic lasted very much longer than had originally been anticipated, surprisingly markets largely took this in their stride in part supported by the unprecedented monetary stimulus from central banks. This was particularly apparent in more growth orientated sectors such that a very small number of fast-growing large US tech companies led the S&P 500 composite ever higher. This recover continued beyond the end of the period under review although concerns relation to post inflationary pressures and high valuations were beginning to circulate. At the end of the period the only holdings in excess of 5% of the portfolio were all well diversified collective funds: Brown Advisory US Equity Growth Fund JP Morgan US Equity Income Fund As at 31 October 2021 the Accumulated Income stood at £171,208. This figure is in addition to the portfolio total value shown in paragraph 1. ## **Risks** The Trustee has not identified any major risks and will continue to monitor the adequacy of the systems in place. ## **Structure, governance and management** The Trustee who served during the year was: Rathbone Trust Company Limited Rathbone Trust Company Limited has the power of appointing new Trustees. - 3 - **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **TRUSTEE'S REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2021**_ The Charity's other advisors are noted on page 1. The individuals who were directors of Rathbone Trust Company Limited were: Mr Stephen Bilbao Miss Linda Joyce Cousins Mr James Stephen Hurrell Mr Bruce Robert Newbigging Mr Alexander Richmond Mr Timothy Francis Smith Mr Robert Paul Stockton Mrs Karen Jane Toth ## **Statement of Trustee's responsibilities** The Trustee is responsible for preparing the Trustee's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustee to prepare financial statements 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 resources of the Charity for that year. In preparing these financial statements, the Trustee is required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - 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; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustee is responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable it to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. It is 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. The Trustee's report was approved by the Trustee. ..................................................... ## **Rathbone Trust Company Limited** Trustee Dated: ......................... - 4 - **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **STATEMENT OF TRUSTEE'S RESPONSIBILITIES** _**FOR THE YEAR ENDED 31 OCTOBER 2021**_ The Trustee is responsible for preparing the Trustee's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustee to prepare financial statements 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 resources of the Charity for that year. In preparing these financial statements, the Trustee is required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - 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; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustee is responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable it to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. It is 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. - 5 - **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEE OF THE SCORPION CHARITABLE TRUST** ## **Opinion** We have audited the financial statements of The Scorpion Charitable Trust (the ‘Charity’) for the year ended 31 October 2021 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the charity’s affairs as at 31 October 2021 and of its incoming resources and application of resources, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Charities Act 2011. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the Trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustee with respect to going concern are described in the relevant sections of this report. ## **Other information** The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustee are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. - 6 - **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEE OF THE SCORPION CHARITABLE TRUST** ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the Trustee's report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 require us to report to you if, in our opinion: - the information given in the financial statements is inconsistent in any material respect with the Trustee's report; or - sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records; or - certain disclosures of trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of Trustee** As explained more fully in the statement of Trustee's responsibilities, the Trustee are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustee determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustee are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustee either intend to cease operations, or have no realistic alternative but to do so. ## **Auditor's responsibilities for the audit of the financial statements** We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. ## **Other matters** Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting 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)" (as amended) in preference to the Accounting 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. This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice. - 7 - **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEE OF THE SCORPION CHARITABLE TRUST** This report is made solely to the . Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed. ## **Bourner Bullock Chartered Accountants** ......................... **Chartered Accountants Statutory Auditor** 114 St Martin's Lane Covent Garden London WC2N 4BE - 8 - **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 OCTOBER 2021**_ |**Notes**
**Income**
Donations and legacies
**3**
Investments
**4**
Other income
**5**
**Total income**
**Expenditure**
Charitable activities
**6**
**Net income / (expenditure) before investment gains**
Net gains/(losses) on investments
**11**
**Net movement in funds**
Fund balances at 1 November 2020
**Fund balances at 31 October 2021**|**2021**
**£**
1,497,268
78,973
-
1,576,241
119,256
1,456,985
526,176
1,983,161
2,693,144
4,676,305|**2020**
**£**
-
52,923
955
53,878
179,639
(125,761)
(155,432)
(281,193)
2,974,337
2,693,144| |---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 9 - **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL POSITION** ## _**AS AT 31 OCTOBER 2021**_ |**Notes**
**Fixed assets**
Investments
**12**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
Net current assets
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**14**
**Net assets**
**Income funds**
Unrestricted funds|**2021**
**£**
**£**
4,522,320
173,527
(19,542)
153,985
4,676,305
-
4,676,305
4,676,305
4,676,305|**2020**
**£**
**£**
2,509,427
215,355
(16,638)
198,717
2,708,144
(15,000)
2,693,144
2,693,144
2,693,144| |---|---|---| The accounts were approved by the Trustee on ......................... ................................................. **Rathbone Trust Company Limited** Trustee - 10 - **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 OCTOBER 2021**_ |**2021**
**Notes**
**£**
**£**
**Cash flows from operating activities**
Cash generated from/(absorbed by)
operations
**15**
1,365,916
**Investing activities**
Purchase of investments
(3,126,072)
Proceeds on disposal of investments
1,615,566
Interest and dividends received
78,973
**Net cash used in investing activities**
(1,431,533)
**Net decrease in cash and cash equivalents**
(65,617)
Cash and cash equivalents at beginning of year
339,047
**Cash and cash equivalents at end of year**
**17**
273,430|**2020**
**£**
**£**
(106,707)
(767,910)
619,566
53,878
(94,466)
(201,173)
540,220
339,047| |---|---| - 11 - **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 OCTOBER 2021**_ ## **1 Accounting policies** ## **Charity information** The Scorpion Charitable Trust is an unicorporated charity. ## **1.1 Accounting convention** These accounts have been prepared in accordance with ‘Accounting 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) (Second Edition)’ and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019. The accounts have been prepared to give a ‘true and fair’ view and 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 ‘Accounting 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) (Second Edition)’rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. ## **1.2 Going concern** The Trustee considers that there are no material uncertainties about the Charity’s ability to continue as a going concern. The review of our financial position, reserves levels and future plans gives the Trustee confidence the charity remains a going concern for the foreseeable future. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the Trustee in furtherance of their charitable objectives. ## **1.4 Incoming resources** Investment income is accounted for on an accruals basis in the period to which it relates. Donations received by the Charity include the related gift aid credit where applicable. Donations are accounted for when any conditions for receipt have been met and there is reasonable assurance of receipt. Cash donations are recognised on receipt. Other donations such as shares are accounted for at market value once the Charity has been notified of the donation. ## **1.5 Financial instruments** Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in net income/(expenditure), except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment. The Trustee does not invest in any complex financial instruments. ## **1.6 Debtors** Debtors are recognised at their expected settlement amount. - 12 - **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2021**_ ## **1 Accounting policies** ## **(Continued)** ## **1.7 Cash and cash equivalents** Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **1.8 Creditors** Creditors are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any discounts due. ## **1.9 Resources expended** Management and administration costs comprise those costs incurred in running the Charity. They have been apportioned on the basis of time spent between charitable activities, cost of raising funds and governance costs. Governance costs consist of those costs associated with the overall running of the charity and meeting statutory and regulatory requirements. Grants are included in the financial statements when approved by the Trustee and notified to recipients. The value of committed grants unpaid at the year end is accrued. Grants offered that are subject to conditions that have not been met at the year end are noted as a commitment but not accrued as expenditure. ## **1.10 Investments** Fixed assets investments represent listed investments which are stated at market valuation, where market value represents the mid market value on the last trading day before the year end. Any unrealised or realised gains arising from investments are accounted for in the Statement of Financial Activities. ## **2 Critical accounting estimates and judgements** In the application of the Charity’s accounting policies, the Trustee are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Donations and legacies** ||**2021**|**2020**| |---|---|---| ||**£**|**£**| |Donations and gifts|1,497,268|-| - 13 - **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2021**_ |**4**
**Investments**
Income from listed investments
Foreign income
Unit trust interest
REIT income
**5**
**Other income**
Released from endowment funds
**6**
**Charitable activities**
Grant funding of activities (see note 7)
Share of support costs (see note 8)
Share of governance costs (see note 8)
**7**
**Grants payable**
Poverty
Medical
Research
Heritage & Archeology
Grants paid (see note 18)
All of the above grants were payable to institutions.||**2021**
**£**
59,791
16,408
1,751
1,023
78,973|**2020**
**£**
35,290
14,257
2,566
810| |---|---|---|---| ||||52,923| ||||| ||||| ||**2021**
**£**
-
**2021**
**£**
103,000
13,272
2,984
119,256
**2021**
**£**
-
500
102,500
103,000||2020
£
955| ||||**2020**
**£**
168,791
9,210
1,638| ||||179,639| ||||**2020**
**£**
1,000
1,000
61,000
105,791| ||||168,791| ||||| - 14 - **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2021**_ ## **8 Support costs** |Rathbone Investment Management
Independent examiners fee
Bank charges
Audit fees|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
13,272
-
-
-
-
80
-
2,904
13,272
2,984|**2021**
**£**
13,272
-
80
2,904
16,256|**2020 Basis of**
**allocation**
**£**
9,210 Support
1,638 Governance
- Governance
- Governance
10,848| |---|---|---|---| ## **9 Trustee** Rathbone Investment Management received management fees of £13,272 (£9,210 in 2020) during the year. Rathbone Investment Management and Rathbone Trust Company are both wholly owned subsidiaries of Rathbone Group Plc. The investment management is undertaken by Rathbone Investment Management at their standard terms as offered to other charities. Rathbone Trust Company are not obliged to appoint or retain Rathbone Investment Management as investment managers but do so on the basis that the terms and performance have been satisfactory when compared to alternative providers of investment management. The matter is monitored and kept under review to ensure that the charity receives appropriate and cost effective investment management services. ## **10 Employees** There were no employees during the year, or the previous year. ## **11 Net gains/(losses) on investments** |Unrealised gain/(loss)
Gain/(loss) on sale of investments|**2021**
**2020**
**£**
**£**
407,579
(75,901)
118,597
(79,531)
526,176
(155,432)| |---|---| - 15 - **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2021**_ ## **12 Fixed asset investments** |**Listed**
**investments**
**£**
**Cost or valuation**
At 31 October 2020
2,385,734
Additions
3,126,072
Realised gain
118,597
Unrealised gain
407,579
Cash invested
-
Disposals
(1,615,566)
At 31 October 2021
4,422,416|**Cash in**
**portfolio**
**Total**
**£**
**£**
123,693
2,509,427
-
3,126,072
-
118,597
-
407,579
(23,789)
(23,789)
-
(1,615,566)
99,904
4,522,320|**Cash in**
**portfolio**
**Total**
**£**
**£**
123,693
2,509,427
-
3,126,072
-
118,597
-
407,579
(23,789)
(23,789)
-
(1,615,566)
99,904
4,522,320| |---|---|---| |||4,522,320| |**Investments representing more than 5% of the portfolio's total market value (excluding cash):**
**Investment**
**Units Market Value % of Total Market**
**£**
**Value**
Brown Advisory
24,732.3969
347,147
7.85%
JP Morgan Asset Mgrs US Equity Income K
230,521.981
329,646
7.45%
**2021**
**2020**
**£**
**£**
Listed investments
4,422,416
2,385,734
Cash in investment portfolio
99,904
123,693
4,522,320
2,509,427
Historic cost of investments
3,711,474
1,748,837
**13**
**Creditors: amounts falling due within one year**
**2021**
**2020**
**£**
**£**
Independent examiners fee
1,638
1,638
Audit fee
2,904
-
Other creditors
15,000
15,000
19,542
16,638|**Investments representing more than 5% of the portfolio's total market value (excluding cash):**
**Investment**
**Units Market Value % of Total Market**
**£**
**Value**
Brown Advisory
24,732.3969
347,147
7.85%
JP Morgan Asset Mgrs US Equity Income K
230,521.981
329,646
7.45%
**2021**
**2020**
**£**
**£**
Listed investments
4,422,416
2,385,734
Cash in investment portfolio
99,904
123,693
4,522,320
2,509,427
Historic cost of investments
3,711,474
1,748,837
**13**
**Creditors: amounts falling due within one year**
**2021**
**2020**
**£**
**£**
Independent examiners fee
1,638
1,638
Audit fee
2,904
-
Other creditors
15,000
15,000
19,542
16,638|**Investments representing more than 5% of the portfolio's total market value (excluding cash):**
**Investment**
**Units Market Value % of Total Market**
**£**
**Value**
Brown Advisory
24,732.3969
347,147
7.85%
JP Morgan Asset Mgrs US Equity Income K
230,521.981
329,646
7.45%
**2021**
**2020**
**£**
**£**
Listed investments
4,422,416
2,385,734
Cash in investment portfolio
99,904
123,693
4,522,320
2,509,427
Historic cost of investments
3,711,474
1,748,837
**13**
**Creditors: amounts falling due within one year**
**2021**
**2020**
**£**
**£**
Independent examiners fee
1,638
1,638
Audit fee
2,904
-
Other creditors
15,000
15,000
19,542
16,638| |---|---|---| ||**2021**
**£**
4,422,416
99,904
4,522,320
3,711,474
**2021**
**£**
1,638
2,904
15,000
19,542|| |||2,509,427| |||1,748,837| |||**2020**
**£**
1,638
-
15,000| |||16,638| - 16 - **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2021**_ |**14**
**Creditors: amounts falling due after more than one year**
Other creditors
**15**
**Cash generated from operations**
Surplus/(deficit) for the year
Adjustments for:
Investment income recognised in the statement of financial activities
(Gain)/loss on disposal of investments
Unrealised (gain)/ loss
Movements in working capital:
(Increase)/decrease in debtors
(Decrease)/increase in creditors
**Cash generated from/(absorbed by) operations**
**16**
**Analysis of changes in net funds**
The Charity had no debt during the year.
**17**
**Cash and cash equivalents**
Cash at bank and in hand
Cash invested|**2021**
**£**
-
**2021**
**£**
1,983,161
(78,973)
(118,597)
(407,579)
-
(12,096)
1,365,916|**2021**
**£**
-
**2021**
**£**
1,983,161
(78,973)
(118,597)
(407,579)
-
(12,096)
1,365,916|**2020**
**£**
15,000
**2020**
**£**
(281,193)
(53,878)
79,531
75,901
42,854
30,078
(106,707)
**2020**
**£**
215,354
123,693
339,047| |---|---|---|---| ||||| ||||| |||**2021**
**£**
173,526
99,904
273,430|| - 17 - **Draft Financial Statements at 15 September 2022 at 08:56:42 THE SCORPION CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2021**_ |**18**
**Donations made during the year**
Bembridge Harbour Trust
Catholic Trust
Earl Mountbatten Hospice
Friends of Holy Trinity
Fulham Palace Trust
Imperial College
Isle of Wight Foodbank
Maritime Archaeology Trust
The Mary Rose Trust Appeal
UCL Coronavirus|**2021**
**£**
70,000
5,000
500
5,000
2,500
-
-
15,000
5,000
-
103,000|**2020**
**£**
5,000
-
1,000
-
-
60,000
1,000
791
100,000
1,000| |---|---|---| |||168,791| - 18 - ## |**Gross Income**|||**£**|||336|954|1,319|407|690||||||1,099|518|||419|||310|620||||2,190|4,331| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Market Value**|**31 October**|**2021**|**£**|||||||43,050|||34,445||||72,752|||||||62,698|||||58,050| |**Holding**|**31 October**|**2021**|**£**|||||||1,500|||14||||800|||||||31,000|||||3,000| |**Unrealised**|**Profit/(loss)**||**£**|||||||1,800|||1,571||||10,624|||||||26,712|||||13,344| |**Realised**|**Profit/(loss)**||**£**|||||||||||||||||3,583|||||||||| |**Disposals**|**Quantity**
**Proceeds**||**£**|||||||||||||||||41,000
52,000|||||||||| ||**Cost**||**£**||||||||||||||||||||13,608||||||| |**Additions**|**Quantity**||||||||||||||||||||||10,000||||||| |**Market Value**|**1 November**|**2020**|**£**|||41,250|||||||32,874|||62,128||||48,417|||22,378|||||44,706|| |**Holding**|**1 November**|**2020**||Admiral Group|Ordinary GBP0.001|1,500|||||Amazon Common Inc|Common USD0.01|14|AstraZeneca|Ordinary US $0.25 Stock|800||Aviva Investors UK Svcs Ltd|US Equity Income 2 USD Inc Nav|41,000|Barclays|Ordinary 25p|21,000||BHP Group Plc||Ordinary USD0.50|3,000|| |**Gross Income**|||**£**|||||||||392|377|371|395|||1,240||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Market Value**|**31 October**|**2021**|**£**|||93,489|||||||||35,020|||58,570||||||||347,159| |**Holding**|**31 October**|**2021**|**£**|||33,000|||||||||10,000|||2,300||||||||24,732| |**Unrealised**|**Profit/(loss)**||**£**|||25,443|||||||||15,360|||(8,704)||||||||54,094| |**Realised**|**Profit/(loss)**||**£**||||||(1,796)||||||||||||239|||||| |**Disposals**|**Quantity**
**Proceeds**||**£**||||||1,200
30,009||||||||||||600
24,000|2,400
95,043||||| ||**Cost**||**£**|||||||||||||||67,274|||118,804||||95,043|198,022| |**Additions**|**Quantity**|||||||||||||||||2,300|||3,000||||8,308|16,424| |**Market Value**|**1 November**|**2020**|**£**|||68,046|||31,805|||19,660||||||||||||||| |**Holding**|**1 November**|**2020**||Blackrock Fund Managers Ltd|European Dynamic Fd Inc|33,000|Boston Scientific|Common USD0.01|1,200|BP|Ordinary US$0.25|10,000||||British American Tobacco|Ordinary 25p||Brown Advisory Funds|US Equity Growth 'B' Dist units|||Brown Advisory Funds|US Equity Growth Si USD Dis||| |**Gross Income**|||**£**|||328|||220|486|503|||1,133|326||||1,166|561|||544|541|537|549|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Market Value**|**31 October**|**2021**|**£**|||74,366|||||80,730||||38,754|||||37,312||||||86,362|||97,139| |**Holding**|**31 October**|**2021**|**£**|||600|||||1,600||||8,600|||||7,600||||||2,100|||9,881| |**Unrealised**|**Profit/(loss)**||**£**|||7,586|||||5,307||||7,963|||||1,916||||||8,306|||314| |**Realised**|**Profit/(loss)**||**£**||||||||||||||||||||||||||| |**Disposals**|**Quantity**
**Proceeds**||**£**||||||||||||||||||||||||||| ||**Cost**||**£**|||66,780|||28,405|47,018|||||||||||||||||||| |**Additions**|**Quantity**|||||600|||710|890|||||||||||||||||||| |**Market Value**|**1 November**|**2020**|**£**|||||||||||30,791|||||35,396||||78,056||||||96,825| |**Holding**|**1 November**|**2020**||Chase Manhattan Cp|Common USD1||Citigroup Inc|Common USD0.01||||CK Asset Holdings Ltd|Ord HK$ 1.00 shares|8,600||CK Hutchison Holdings Limited|HKD 1 shares||7,600||Coca-Cola Co|Common USD0.25|2,100||||Coupland Cardiff Funds|Japan Alpha T Jpy Acc|9,881| ## |**Gross Income**|||**£**|||839|1,338||||717|736|725|739|||207|204||||||619|953|702|702| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Market Value**|**31 October**|**2021**|**£**||||108,960|||||||34,620||||27,946|||96,312||||||110,500| |**Holding**|**31 October**|**2021**|**£**||||3,000|||||||30,000||||3,500|||10,000||||||52,000| |**Unrealised**|**Profit/(loss)**||**£**||||33,990|||||||1,080||||(4,646)|||(6,913)||||||14,144| |**Realised**|**Profit/(loss)**||**£**||||||||||||||||||||||||| |**Disposals**|**Quantity**
**Proceeds**||**£**||||||||||||||||||||||||| ||**Cost**||**£**||||||||||||||32,592||||||||||| |**Holding**
**Market Value**
**Additions**|**1 November**
**1 November**
**Quantity**|**2020**
**2020**|**£**|Diageo|Ordinary 28.935185p|3,000
74,970||Diversified Energy Company Plc|Ordinary GBP0.01|Changed from Diversified Gas & Oil Plc Ordinary GBP0.01 on 07/05/2021|30,000
33,540||||Ericsson|Ser'b' No Par Value|3,500||ETFS Hedged Metal Sec Ltd|Daily Hgd Physical Gold (GBP)|10,000
103,225|Fil Investment Services(Uk)limited|Global Dividend W Inc Nav|52,000
96,356|||| ## |**Gross Income**|||**£**||||||||||||290|||||||||||||278|232| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Market Value**|**31 October**|**2021**|**£**||||||||199,791||||||85,861||||||||||||38,512| |**Holding**|**31 October**|**2021**|**£**||||||||1,400||||||6,300||||||||||||5,800| |**Unrealised**|**Profit/(loss)**||**£**||||||||29,132||||||(1,711)||||||||||||11,832| |**Realised**|**Profit/(loss)**||**£**|||18,491|||1,982|4,230|576||||1,792||||||711|||15,473|||||| |**Disposals**|**Quantity**
**Proceeds**||**£**|||2,500
142,691|||900
104,891|2,200
272,409|300
37,146||||11,004
154,245||||||23,000
38,773|||58,000
95,223|||||| ||**Cost**||**£**||||||228,687|349,630|||||39,550|200,185|290||||38,062||||||||| |**Holding**
**Market Value**
**Additions**|**1 November**
**1 November**
**Quantity**|**2020**
**2020**|**£**|Fil Investment Services(Uk)limited|American W Acc Nav|2,500
124,200|Findlay Park US Smaller Cos Fd|US Smaller Cos|2,000|2,800||First Sentier Invrs (Uk) Fds Ltd||Fssa Greater China Growth B GBP Acc|3,000|14,304||First Sentier Invrs (Uk) Fds Ltd||Fssa All China E GBP Acc|23,000|Gemcap Investment Funds Ireland Plc|Ahfm Defined Returns B GBP Acc|58,000
79,750|Genuit Group Plc|Ordinary GBP0.001|Changed from Polypipe Group Plc Ordinary GBP0.001 on 07/04/2021|5,800
26,680|| ## |**Gross Income**|||**£**|||914|609|||915|915|||122|118|119|116|||323|1,677|||2,198|1,050| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Market Value**|**31 October**|**2021**|**£**||||76,703||||72,726||||||33,494||||94,213||||150,277| |**Holding**|**31 October**|**2021**|**£**||||21,000||||51,000||||||210||||4,300||||3,070| |**Unrealised**|**Profit/(loss)**||**£**||||8,684||||6,522||||||6,704||||10,121||||(36,433)| |**Realised**|**Profit/(loss)**||**£**|||||||||||||||||837||||(1,793)|| |**Disposals**|**Quantity**
**Proceeds**||**£**|||||||||||||||||2,555
50,804||||430
24,317|| ||**Cost**||**£**|||68,019||||66,204||||||||||32,482|101,577|||60,720|152,100| |**Additions**|**Quantity**|||||21,000||||51,000||||||||||1,900|4,955|||1,000|2,500| |**Market Value**|**1 November**|**2020**|**£**|||||||||||26,790|||||||||||| |**Holding**|**1 November**|**2020**||Glencore Plc|Ordinary USD0.01|||Greencoat UK Wind PLC|Ordinary 1p shares|||Honeywell International|Common USD1|210||||Intermediate Capital Group Plc|Ordinary GBP0.2625|||Intertek Testing|Ordinary GBP0.01||| |**Gross Income**|||**£**|||||||535||||118|||406|413|400|1,637|||590|1,239| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Market Value**|**31 October**|**2021**|**£**|||||||||||97,128||||||329,646||||83,190| |**Holding**|**31 October**|**2021**|**£**|||||||||||24,000||||||230,522||||59,000| |**Unrealised**|**Profit/(loss)**||**£**|||||||||||6,672||||||40,361||||(5,946)| |**Realised**|**Profit/(loss)**||**£**|||(38)||||||||||||||||||| |**Disposals**|**Quantity**
**Proceeds**||**£**|||116
2,230||||58,000
219,520||||||||||||||| ||**Cost**||**£**|||(12)|2,280|||220,034|(514)||||||219,520||||||89,136|| |**Additions**|**Quantity**||||||116|||58,000|||||||167,042||||||59,000|| |**Market Value**|**1 November**|**2020**|**£**|||||||||||90,456|||69,765|||||||| |**Holding**|**1 November**|**2020**||Jackson Financial Inc|USD0.01 Cls A Common Stock WI|||JP Morgan Asset Mgrs (UK)|US Equity Inc C Inc|||Jpmorgan Asset Management UK Ltd|Japan C Net Inc Nav|24,000|Jpmorgan Funds Ltd|US Equity Inc K GBP Net Inc Unhdg|63,480||||JPMorgan Gbl Emerg Mkts Inc Tst|Ordinary GBP0.01||| ## |**Gross Income**|||**£**|||68|85|69|67|88|72|||188|||460|||248|248|266|12|260|||50|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Market Value**|**31 October**|**2021**|**£**||||||||87,296|||90,935||||||||||30,926||||| |**Holding**|**31 October**|**2021**|**£**||||||||880|||29,000||||||||||11,831||||| |**Unrealised**|**Profit/(loss)**||**£**||||||||(797)|||9,912||||||||||5,395||||| |**Realised**|**Profit/(loss)**||**£**|||||||||||1,558|||2,638|||||||||||| |**Disposals**|**Quantity**
**Proceeds**||**£**|||||||||||8,983
26,656|||16,010
29,281||||||||||1,800
53,342|| ||**Cost**||**£**|||88,093|||||||||||||||||||||53,473|(131)| |**Additions**|**Quantity**|||||880|||||||||||||||||||||1,800|| |**Holding**
**Market Value**|**1 November**
**1 November**|**2020**
**2020**|**£**|Legg Mason Investments (Europe) Ltd|Wa Sht Dur Blue Chp S Pls E Gbp(M)dis Hd|||||||Link Fund Solutions|Trojan S Inc Nav|37,983
106,121|Link Fund Solutions|Trojan Income S Inc|16,010
26,643|Londonmetric Property Plc|Ordinary GBP0.10|11,831
25,531|||||M&G Investment Management|American I Dist||| ## |**Gross Income**|||**£**|||2,201|||330|243|||174|170|378|||368|||||242|252|||67|84| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Market Value**|**31 October**|**2021**|**£**||||||||||||63,703|||||114,483||||79,634||||53,471| |**Holding**|**31 October**|**2021**|**£**||||||||||||49,101|||||94,000||||84,447||||2,064| |**Unrealised**|**Profit/(loss)**||**£**|||||||(6,924)|||||10,361|||||6,438||||617||||15,765| |**Realised**|**Profit/(loss)**||**£**|||13,043||||||||||||||||||||||| |**Disposals**|**Quantity**
**Proceeds**||**£**|||18,000
39,440|||75,839
79,017|||||||||||||||||||| ||**Cost**||**£**||||||||||53,342|||||108,945|(320)|(580)|||79,017||||67|84| |**Additions**|**Quantity**||||||||||||49,101|||||94,000|||||84,447|||||| |**Market Value**|**1 November**|**2020**|**£**|||26,397|||85,941||||||||||||||||||37,555|| |**Holding**|**1 November**|**2020**||M&G plc|5p Ordinary Shares|18,000|M&G Securities Limited|Global Macro Bond J GBP Dis Unhedged|75,839||M&g Securities Limited|North American Dividend Pp GBP Dis||||M&g Securities Ltd|Global Dividend Pp GBP Dis||||M&g Securities Ltd|Global Macro Bond Pp GBP Dis|||Marlborough Fund Managers|Special Situations P Accums|2,064|| |**Gross Income**|||**£**|||61|58|57|58|||159||||1,088||||||2,200|||2,145| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Market Value**|**31 October**|**2021**|**£**||||||41,129|||||||75,241|||66,178|||54,420|||58,437| |**Holding**|**31 October**|**2021**|**£**||||||170|||||||780|||390|||2,000|||8,900| |**Unrealised**|**Profit/(loss)**||**£**||||||14,509|||||||9,423|||10,037|||(10,152)|||(5,518)| |**Realised**|**Profit/(loss)**||**£**|||||||||5,014||||(675)|||||||||| |**Disposals**|**Quantity**
**Proceeds**||**£**|||||||||710
31,454||||608
50,629|||||||||| ||**Cost**||**£**|||||||||||||87,543||||||64,572|||63,955| |**Additions**|**Quantity**|||||||||||||||1,048||||||2,000|||8,900| |**Market Value**|**1 November**|**2020**|**£**|||26,620||||||26,440||||29,579|||56,141||||||| |**Holding**|**1 November**|**2020**||Microsoft Corp|Common USD0.000025|170||||Morgan Stanley D.W|Common USD0.01|710|Nestle SA|CHF1 (Regd)||340|Paypal Holdings Inc|Common USD0.0001|390|Persimmon|Ordinary 10p||Phoenix Group Holdings Plc|Ordinary GBP0.10|| ## |**Gross Income**|||**£**|||||||360|2,280|182||||||95|96|||271|277| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Market Value**|**31 October**|**2021**|**£**||||83,916|||||69,733|||||||38,585||||| |**Holding**|**31 October**|**2021**|**£**||||1,200|||||4,666|||||||1,100||||| |**Unrealised**|**Profit/(loss)**||**£**||||7,288|||||25,742|||||||(4,971)||||| |**Realised**|**Profit/(loss)**||**£**||||||||||||15,450|||||||(4,304)|| |**Disposals**|**Quantity**
**Proceeds**||**£**||||||||||||410
42,048|||||||660
60,017|| ||**Cost**||**£**|||41,646|34,982|||||||||||43,556||||64,321|| |**Additions**|**Quantity**|||||660|540|||||||||||1,100||||660|| |**Market Value**|**1 November**|**2020**|**£**|||||||43,991|||||26,598||||||||| |**Holding**|**1 November**|**2020**||Polar Capital Fund|Global Technology Fund I (GBP)|||Prudential|Ordinary 5p|4,666|||PTC inc|USD0.01 Common Stock|410|Pulte Group Inc|Common Stk USD0.01|||Qualcomm Inc|Common USD0.0001||| ## |**Gross Income**|||**£**|||176|164|132|213|||671|482|||543||||462|443|454|643||||||872| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Market Value**|**31 October**|**2021**|**£**||||||17,508||||39,105|||76,322|||||||62,345|||46,464|||| |**Holding**|**31 October**|**2021**|**£**||||||15,000||||660|||270|||||||3,700|||6,400|||| |**Unrealised**|**Profit/(loss)**||**£**||||||124||||(5,262)|||9,250|||||||24,483|||20,864|||| |**Realised**|**Profit/(loss)**||**£**||||||||||||||||||||||||||7,463| |**Disposals**|**Quantity**
**Proceeds**||**£**||||||||||||||||||||||||||140
65,525| ||**Cost**||**£**|||||||||44,367||||37,226||||19,412|||||||||| |**Additions**|**Quantity**|||||||||||660||||150||||1,714|||||||||| |**Market Value**|**1 November**|**2020**|**£**|||17,384||||||||||29,846||||18,450||||||25,600|||58,062| |**Holding**|**1 November**|**2020**||Rathbone Unit Trust Management|Strategic Bond Fund Instl Inc|15,000||||Reckitt Benckiser Group|Ordinary 10p|||Roche Holdings Ag|Genusscheine No Par Value|120|Royal Dutch Shell|'B' Shares EUR0.07||1,986||||S4 Capital Plc|Ordinary GBP0.25|6,400|Schoder International Select Fund|Asian Total Return C Inc|140| ## |**Gross Income**|||**£**|||845|||482|305||||||432|198|211|||451|451|526|||678|1,026| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Market Value**|**31 October**|**2021**|**£**|||75,400||||36,395|||26,855|||||24,399|||||||||| |**Holding**|**31 October**|**2021**|**£**|||100,000||||2,900|||9,100|||||1,800|||||||||| |**Unrealised**|**Profit/(loss)**||**£**|||(5,741)||||(2,364)|||4,772|||||468|||||||||| |**Realised**|**Profit/(loss)**||**£**||||||||||||||||||10,723|||||23,400|| |**Disposals**|**Quantity**
**Proceeds**||**£**||||||||||||||||||34,000
80,715|||||120,000
161,064|| ||**Cost**||**£**|||81,141|||||||22,083||||||||||||||| |**Additions**|**Quantity**|||||100,000|||||||9,100||||||||||||||| |**Market Value**|**1 November**|**2020**|**£**||||||38,759|||||||23,931|||||69,992|||||137,664|| |**Holding**|**1 November**|**2020**||Schroder Unit Trusts|Asian Income L Inc||Smith & Nephew|Ordinary US$0.20|2,900||Smith & Williamson Investment Funds|Artifical Intelligence Z GBP||Smiths Group|Ordinary 37.5p|1,800|||T Bailey Fund Services Ltd|Tb Evenlode Income C Dis|34,000|||T Bailey Fund Services Ltd|Evenlode Global Income F GBP Dis|120,000|| ## |**Gross Income**|||**£**|||712|714|965|960|||1,034|996|||35|35|35|**78,980**| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Market Value**|**31 October**|**2021**|**£**||||||101,712||||28,058|||||19,989|**4,422,414**| |**Holding**|**31 October**|**2021**|**£**||||||2,600||||25,970|||||480|| |**Unrealised**|**Profit/(loss)**||**£**||||||(11,119)||||1,309|||||(1,560)|**407,578**| |**Realised**|**Profit/(loss)**||**£**||||||||||||||||**118,597**| |**Disposals**|**Quantity**
**Proceeds**||**£**||||||||||||||||**2,062,489**| ||**Cost**||**£**|||29,155||||||||||21,549|||**3,572,994**| |**Additions**|**Quantity**|||||700||||||||||480|||| |**Market Value**|**1 November**|**2020**|**£**|||83,676||||||26,749|||||||**2,385,734**| |**Holding**|**1 November**|**2020**||||1,900||||||25,970|||||||| |||||Unilever|Ordinary 3 1/9p|||||Vodafone Group|Ordinary US$0.2095238|||Yum China Holdings Inc|Common USD0.01||||**TOTAL:**|