2022-10-31-accounts - Wychwood School Charity Limited

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							Restated
			Notes		2022		2021f
Fixed assets
Investments at cost					4,659,081		3,509,081
Current assets
Debtors			7	18,987		1,174,460
Investments			8	1,907,433		2,083,332
Cash at bank and	in hand			453,123		399,342
				2,379,543		3,657,134
Liabilities
Creditors: amounts within one year		falling due	9	~4,022		1,200
Net current assets					2,375,521		3,655,934
Net assets					7,034,602		7,165,015
The funds ofthe charity
Called up share capital			10		500		500
Endowment fund			11		10,360		10,424
Restricted income	funds		11		28,743		63,499
Unrestricted income		funds:	11
General funds							5,590,592
Designated funds					6,994,999		1,500,000
Total charity funds					7,034,602		7,165,015

					Notes	2022f	2021f
Cash inflow/(expended)	by operating		activities		13	1,118,579	797,494
Cash flows from investing		activities
Investment income						85,202	51,460
Purchase ofinvestments							(2,025,000)
Purchase ofshares in joint	venture company					(1,150,000)
Cash (expended)lprovided		by investing		activities
Increase/(decrease) in cash and cash			equivalents
in the year					12	53,781	(2,711,034)
Cash and cash equivalents		at the start		ofthe year		399,342	3,170,376
Cash and cash equivalents		at the end		ofthe year		453,123	399,342

						2022	2021
						F	F
	Support costs					4,570	(1,915)
		Bursaries paid to Wychwood			School (Oxford) Limited	35,737	37,830
						40,307	35,915
5	Analysis ofsupport		costs			2022	2021f
		Miscellaneous	costs			3,130	(3,115)
		Independent	examination			1,440	1,200
						4,570	1,915
6	Fixed	Asset Investments
						2022	2021
	Share	of net assets	in joint venture —valued on equity
	method
	Investment in Wychwood			School (Oxford) Limited —49%of net
	assets					4659081	3509 081

7	Debtors					2022		2021
						E,
	Other debtors					18,987	24.460
	Loan to joint venture company						1,150,000
						18,987	1,174,460
	Loan to Wychwood School (Oxford) Limited
	Wychwood School (Oxford) Limited		was advanced		E1,150,000 to finance	school development.	The	loan
	was made available for five years and attracted interest at a rate of 3% above the Bank of England rate, or 3% in the event that the Bank of England base rate fell below 0%.The loan was converted							base into
	ordinary shares in Wychwood	School (Oxford) Limited on 22 August 2022.
8	Investments held as current	assets				2022		2021
						F
	Market value as at 31 October	2021				2,083,332
	Purchase 103,866.93Income	Units	in
	the COIF Investment Fund						2,025,000
	Revaluation (shortfall)/surplus					(175,899)	58,332
	Investments at open market valuation					1,907,433	2,083,332
9	Creditors: amounts falling due within			one year		2022		2021
								K
	Accruals and deferred income					4,022	1,200
						4,022	1,200
10	Share capital			2022	2021	2022		2021
				No	No
	Allotted, called up and fully paid:
	Ordinary shares ofF1 each			500	500	500		500

			Unrestricted	Restricted	Endowment	Total
			Funds	Funds	Fund
				E	E
At 1 November 2021			7,090,592	63,499	10,424	7,164,515
Net movement		in the year	(95,593)	(34,756)	(64)	(130,413)
At 31 October		2022	6,994,999	28,743	10,360	7,034,102
Represented		by:
Fixed assets			4,659,081			4,659,081
Net current assets			2,335,918	28,743	10,360	2,375,021
			6,994,999	28,743	10,360	7,034,102
The directors		have designated	F6,994,999of unrestricted	funds to be used to support		development of
the school in	the joint venture		company.
Restricted income funds comprise:
					Schuller
				Bursary	Memorial	Total
				Fund	Fund
				E
At 1 November		2021		40,088	23,411	63,499
Net movement		in the year		35,390	634	34,756
At 31 October		2022		4,698	24,045	28,743
Represented	by:
Net current assets				4,698	24,045	28,743
				4,698	24,045	28,743

				At	1				At 31
			November					Non-cash	October
				2021 F		Cash	flows	changes	2022f
Cash at bank and	in hand			399,342			53,781		453,123
Total				399,342			53,781		453,123
Reconciliation ofnet movement				in funds	to net	cash	flow from	operating activities
								2022	2021
								F
Net (expenditure)/income
for the reporting period								(130,413)	84,250
Shorffall/(surplus)	on the revaluation			of investments				175,899	(58,322)
Investment income								(85,202)	(51,460)
Decrease/(increase)	in debtors							1,155,473	(515,781)
Increase/(decrease)	in creditors							2,822	(256,171)
Net cash inflow/(expended)		on	operating		activities			1,118,579	797,494