I CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examinerfs report on the accounts Section A Independent Examiner s Report Report to the trnsteesl ti'/{( s 6HILJI CA12< On accounts for tho year ended Charity no (If any) 110 7009 I rewyt to the trustees my examinat of the a(#intS of the above chanty (Ihe Trusf) ft)r tha year ermjed Responsibilities and As the charity trustees of you are respjnsible for the preparatTron basis of report of ts acxxyjnts in wilh the requirements of the Charities Act 2011 rtr Acr). under sedion 145 of the 2011 and in Cay7 (Mrt my examination. I have folloEd the appltcable DiredK)ns given by Chlty CAKnmission under sectron 145(5Xb) of ts A( I have Cnpted my examinalion. l (xfiM1 that no matefial matters have Independent ac(£xm1 T8(xYds were rM)t kept in a(XxKdan vrith section 130 of thefvdor I have no conc and have G(xne a(TCtsS olher matters in (xmnection with the examination to whith attentK)n strld dravffl in order to enable a . Reas8 delete Ihe bvords in the brackets rfthey do not apply. Slgned: xi"io.ii Relevant professlonal qualtfication(s) or body (rf any): f CCA Address: rp& 4T IER October 2018
Section B Disclosure Only rf the needs to hh3hlight matters of (Thi(n (see CC32. examiners). Give here brief details of any items that the examiner wishes to disclose. IER October 2018
CYGNEIS CHILDCARE FtNANCIAL REPORT FOR THF. I"E.4R ENDED 31 DECEMBER 2020 John Parker & Co Accountants 61 The Glebe Lawsball Bury St Edmunds SufTolk JP29 4PN We liave prepared the foregoing Financial Rew)rt for the )'ear ended 31 Dtxember ?020 from the records, vouchers and othcr information fumished to us. aThJ io the best of our knowledge and klief the said Finan¢ial Rep)rt is properly drdWTr up in accordance willi such infornialion. We have not carried out an audiL Date- 22 September ?0? I
CVGNETS CHILDCARE FINANCIAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 Y019 INCOME Other aOuntS oi¥ed Outsiandiniy fles broutsht forward Registsation fees Pre-school fees Breakfast club After school club EEF grant Grdnl funding Addittonal needs InLIusion Fund SF.N hiJ tariff Disability access Snacks OutllllT5 Cloihing sales Supply cober,Idonalio tkposit account inrerest Business premi5e5 aiii CJRS claims Naii()nal lottery funding Trainin(r orant Miscellaneous receipts Outstandino fees (1,504.76) {336.07) 20.00 4.9? j.04 9.547.71 ? I,n?8.52 0.00 46.308.39 747.00 1971.44} 20 (M) 5.1 i8.0? 3.101.88 1?256.57 3.454.94 43.48?8? 0.00 0.00 0.00 0.00 880.01 35.70 560.43 1,12?.06 0.00 94.58 10.O(M).(K) 615.21 154.81 0.00 0.00 0.00 0.00 0.00 971.44 1.947.IM) 300.IK) 21.90 143.55 83.179.1? 85.5?8.09 EXPENDITURE Staff salaries Workplace pension conitibutions Electricity Water Rates InsurdTtce Telephone PLA membership ot5ted meEtabe15hip Maintenance Extemal tuitio Accountancy Legal & professional fees 59.4(KTr.38 ? ?88.5 j 67.385.24 2 ?86.85 l.i20.ii i49.64 ?.J36. j7 1.082.28 9)2.96 50.IKI ?.509.91 475.00 i.ow i)0 0.00 1.079.18 50.IK) 2,496.i4 1.075.00 11 ?8.00 1.840.00 Ell Advertising Adrnini5tration Cle¢Ing Trdinin Gifts Play equipment Resources IT equipmeni Stationern. Furniture Ouiings cos15 Consumables Projects Luncheslsnacks Miscellaneous expens¢s 7?i.50 650.1)0 6?9.59 916.52 632 00 {151.IM) 454.06 689.28 13.00 119.99 1,848 8? ?38.79 937.43 2.931.98 82.31 .740 06 545.99 196.76 22.00 .9)9.0? 1.088.79 i47.22 81520.79 9) 055.51 surplU(der1cil) for the year 16i8.i3 -42
CYGNETS CHtLDCARE FINANCIAL REPORT FOR THE YF.AR ENDED 31 DECEMBER 2020 2019 Reserves @ l January 8J.669.04 91,196.46 Add/(le55): Siirpluoldeficit) tor the year 1.658.3J 7 527.42 Reserves @ J l December 85 327.17 Represented by= Bank balance- 71894186 Bank balance- 03490130 Pettv eash oUtstldIng fees owed 58.025.11 2i.980.12 178.59 1.143.5i 56.679.85 ? j,88 j.54 132.?1 971.44 -l-hc Truqtees are aware of the hi¥h reserves. currenily h¢ld. These are expected to be reduced over the next few years. Ivhilst the schi)ol rcbuilds. which is hOd w'ill have a positive impact and increase on the numbcrs using the Nur5Cry. Approved b.: On behalf of the Charit), Committee Date.. - 16 September 2021
Trustees. Annual Report for the period Penc¥J stsrt date PerKJd end date ' 2020 To Section A Reference and administration details Charity nne Cygnets (V?rtharn} Registered charlty number (rf any) 1107009 Charity's principal address The Okl School Hall. Stanningfiekl Road Great Vthelnetham Bury St EdmurKIs Postcode IP30 OUA Names of the charity trustees who manage the charity Twstee name Office Irf arry) Name of FeTron lor body) enlitlad Samantha Keast Chair Benjamin Sear Jemima Uoyd Amelia Woozley Lisa Taylor Sarah Burrows Jessica Peck Vice-chair Secretary Vic&Chair Treasurer 10 11 12 13 14 15 16 17 18 19 20 Names of the trustees for the charity. rf any, (for example. any custodian trustees) Dates acted rf not for whole ear TAR March 2012
Names and addresses of advisers (Optional infomiation) of adviser Name Address Name of chief executive or names of senior staff mwnbers (Optional inforniationj Section B Structure. overnance and mana ement Description of the charity's trusts Constitution Type of goveming document How the ¢harity is constituted Elected Committee Trust& sethtion methcrfjs Nominated & elected committee Additional governance issues (Optional infomiation) You may choose to indude additional inforynation, where relevarrt. aboul.. policies and prOdureS adopted for the induction and training of trustees- the charity's organisational structure and any Wmyer network wtlh which the charrty works., • relationship with any related trustees, consideration of major risks and the system and procedures to manage them. Section C Ob'ectives and activities Summary of the objects of the charity set out in its governlng document TAR March 2012
Cygnets is Ofsted registered to provide wrap around care with breakfast and after school dubs as well as pre-school education for 5 full days each week during term time. We provide care for up to 24 children each session. We operate a fiexible fees lcY and daim Earty Years funding for eligible 2-. > and 4-year-olds. induding the extended 30-hour offer for working parents. Cygnels is a member of the Earty Yea[5 Allian and we have adopted asFeds of their constitution and accessed trainiThJ for the committee to support our wot Summary of the main activities undertaken for the public benefft in relation to these objects linclude within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefft} Our strong ethos of indusion means our services and facilittes are open to all children and families. (Some of these activities have been restrscted by the Covid pandemic). Additional details of objectives and aclivilies (Optional inf0mtiOn) You may choose to include further statements, where relevant. about. policy on grantrnaking" policy programme related investment., contribution made by VoluntrS. TAR Marth 2012
Section D Achievements and performance Summary of the main achievements of the charity during the year 2020 has been a challenging year for Cygnets during the Covid pandemic. That Said. we have continued to offer a high-quality Servi providing care and early Years education for our children. always adapting to the ever-changing government guidance to ensure everyone's safety. Our usual activities were restricted but we worked hard to find alternattve ways to deliver a quality curriculum. Our children continued to be SUPFM)rted during lockdown with staff engaging them in home leaming and ensuring families were coping wrth the situation5 they found theMSee5 in. Our vulnerable familie5 were supported with learning packs. food parcels and just by staying in touch. lrfe retumed to rM)mial. we were excited to welcome our children and families back into the nursery despite social distancing and parentslcarers not able to enter the building. Our children were amazing- they coped so well and were 500r¥ back in the swing of things. Lockdown has inevitably impatted children's development, particularly socially and emotionally. We have put strategies in place to support children's mental health and welkbeing to counterdrt thi5 as far as wssible. As a settinE, we are extremely proud of the way in which we managed the unprecedented circumstance5 we found oursefves in. Both the Committee and staff have worked so hard to ensure we could continue to serve our children and their families in our Io(31 community. TAR M¥th 2012
Section E Financial review We conts"nually refled on our environment inside and out. It is our intention to provide all children wtth an engaging envir(Mment they can explore autonomously. woviding exlIent arn[j opportunities and experiences. We continue to invest in our staff team in respect of a qualty training programme and renew resources and equipmerrt as required. However, following the financtal impact left by Covid, v conts.nue to plan firk3ncially to minimise inevitable losses next year and trEyond Costs continue to rise. partIlarlY the NMW, whilst Govemment early years funding does not rise sufficierrtly to counteract such increases. Brief statement of the charity's policy on reserves Details of any funds materialty in deficit Further financial revlew details (Optional infornOn) You may choose to indude additional information. where relevant about.. the charity's ptincipal SoUrS of funds (including any fundraising).. how expenditure has supported the key objectives of the charrty; investment policy and objectives induding any ethical investment Frjlicy adopted. Section F Other optional information Section G Declaration The trustees dgclar8 that they have approved the trustses. report above. Signed on behalf of the Gharity's trustees Signature(s} Full nam$) Position leg Secretary, Chair, etc) LISA WR . CrtAJP Vjc c cr-o-f TAR 2012