THE CYGNETS MILTON PRE-SCHOOL
FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST AUGUST 2021
CONTENTS AND PRE-SCHOOL fNFORMATION
CONTENTS
PAGE:
Trn5tee5 Report
Jndepend¢nt ExamineT5 Rewi
Statement of Financial Activitie5
Balance Sheet
Notes to the Financial Stsrements
The following pages do not fonn part of the Statutory Financial Statements:
Income and Expenditure Account
10
CHAIR..
Nathaniel Keverne JOh￿StOn (resigned 1811012021)
Liatme Stanford (Vice Chair, now Chair as of1811012021)
TRUSTEES..
JeDny Robertson (reslgned 19110f2020)
Sue Williams (Treasurer)
Sarah Michael (resigned 1811012021)
Ltsa Stevens (re$l￿ed 1911012020)
Hamiah North {appointed 0911 IQ020, resi￿ed 1811012021)
Emma Howgego (appointed 04,'oir21. resI￿ed 18110ll021)
An￿ta$la Giagkoudi (apwinted 2311112020)
Nick Jones (appointrd 28105r2021)
SECRETARY..
Leanne Hogg (resigned 19110r2020)
Eleanor Ruth Crane (resigned 1811012021)
PRtNCIPAL OFFICE..
Humpbrt¢s Way
Milton
Cambridge
CB24 6DL
CHARITY WUMBER..
1155959
INDEPENDEKf EXAMtNER'.
lan Shipley FCCA
For and on behalf OF
Prent15 & Co LLP
Chartered Accountants
& Independent Examiners
15c Milton Road
Cambridge
CB4 IXE
BANKERS..
Barclays Bank UK PIC
I Churchill Place
London
E14 5HP
Cambridge Building Society
51 NewErwk¢t Road
Cambridge
CB5 8FF

THE CYGNETS MILTON PRE-SCH(K)L
PAGE I
FtNANCIAL STATEMENTS FOR THE YEAR ENDED 3 IsfAUGUST 2021
TRUSTEES, ANNUAL REPORT
The Trustees pr¢sent their aTmual report for The CY￿￿ets Milion Pre-Sch¢)ol for th¢ year end¢d 3 IX August 2021.
The financial statements ¢omply with the Charttics Act 2011 and A¢couTrting and Reporting by Charities.. Ststement of
Recornmended Practice applicable to chariti¢5 preparing their aGcounts in arxordance with the Financial Reporting Standard
applicable in the UK and Republic of Irelalld IFRS102) (¢ffective 1° January 2019). as modified by the exemptions for small
¢harities provided in Update Bulletin l.
STKUCTURE, GOVERNANCE AND MANAGEMENT
The ciwity is wnstiÈuted as aclwitable Incorwated OrganisatioTh, incotwjrdted in 2014 underastandard membership CIO
{de¢d).
Th¢ Cygnets Milton Pre-school (Cygnets) ts a registered charity, and so requires Volunteer Trustees to form a management
ommitte¢. The committce is the 'registcred person, for Ofsted. in other words. the comtnittee has had to apply to Ofsted to
open this Pr¢-School. A$ such. the committ¢e is ui(imately responsible for the children's. staffs, Ènd visitors, heal￿ safety and
welfare, as well &5 the managemcnl of stsff finances, amongst other things.
It is a big responsibility, but the cornrnitt¢e Iries to make it enjoyablq and enjoy a)ntributtng time throughout the year and at
fund-raising events for Cygnets. It is agreai wayof being involv¢d in the cotTrtnunity. Sadly, several committeemembershave
st¢pped dowTr] recently but ther¢ are new members that are cutTently th¢ process ofjoining the existing comnittee and the
eommittee hopes that there will be more joining later this year
ORGANISATION AND APPOINTM￿ OF TRUSTEES
The committed and experienced workforce consists of a Manager, Depury Manager. Rthim Lead¢rs. an Office Manager and
other room staff. all of whom ensure the smooth tumiing of the setting.
New Trustees are appointed by the existing wmmittee members.
KISK MANAGEMENT
The management cotDmittee is responsible foroverseeing ofrisks fa¢¢d byCy8nets. Risks Identifie￿ assessed and controls
ar¢ esiablished continually throughout the year. The managerneni COTllmittee believes that thi5 approac14 which closely
monitors the operation5, staffing and r]nances of the Pre-school will Mitig￿ the s]￿1fi￿1tr1skS andthat maintaining financia]
reserves will provide sufficient resources in the eveni of adv¢rs¢ conditions.
The safety ofthe children who att¢nd the setting is paramountand sufficient safeguarding metsuresand insurallee i5 ￿ place io
ensure this.
ACTIVITIES AND OBJECTIVES
Starring and Children
The committee is very fortunate to have such a con]mitted alld ¢xperienced workforce at Cygnets. Thi5 allows us to provide
ontinuity and a high standard of car¢ for the children.
Due to the positive reputation ofth¢ settingwithin the community, demand forplaces in the setting has coTr(inuedto rise over
the past year. We r¢cognise the colnplex juggling att thatthe management leam compleÉe5 every half termto acwtllmiKlate as
any children as they can all while mosteffectively matrhiTrg th¢ m)Tiad of stsff]ngc(Trmbinations. hours and rooms. Increased
stsff and children numbers continue to put pressure on th¢ physical spaces within in the setting. This impacts the children and
staff in many ways artd given the curent buildillg s¢wp. there is no ¢asy soluiion (o remedy that pressure. This issue is
continuously being Considered and a solution will hopefitlly be found in the near fvture.
Fundraising
The Nursery Education Fundtng received Via Cambridge County Council doesnot fully cover costs. As aresult fees charged
for extra sessions and s¢ssions forchildren not qualifying for plus addiiional fi￿draiSing¢ventsare neededto Tnaintain
r¢50ur¢es. trdin staff and meet facility nmning Costs. Unfortunately it not been w)ssible to hold th¢ biggest fundraiser, the
Annual Easter Fayre. forthe last couple ofyears due to thepandemic bui other fillxdraising initiatives were put into place. The
committee would ljke to thank everyone who has hel￿d at all of the Vario￿ events.

THE CYGNETS MILTON PRE-SCHOOL
PAGE 2
FINANCIAL STATEMEwfs FOR THE YEAR ENDED 3 IS7 AUGUST 2021
TRUSTEES. ANNUAL REPORT......................¢oniinued
ACHIEVEMENTS AND PERFORMANCE
D¢spite the impact ofthe global pandemic durtngthe last two years the setttng b&s beert fortunate because the Cambridgeshi
County Council early yeats team have 5UPPOrted the settÈng by providing advice and maintaining the Nursery Education
Funding, ev¢n when not all children were ableto attend. The Pre-school's I{M]gSt￿InggoQdrnanag¢M¢nt pra¢tic¢meansthat
there ar¢ cash re5crves and Cygnets is in a strong position financially.
PUBLIC BENEFIT
The charity works for th¢ public b¢n¢fit by having 18 its objectives. the developtnent and edu¢ation of children and young
people and is deTnonstrated by..
l) Prornoting their care and safety.
2) Promoting their education and prornoting parentsl inYolvem¢nl.
3) PromotlDg their health and wellbeing.
4) Providing services to support them and their families and carer5.
51 Providing services to individua15 holding membership of the Charitable Incorpordted Orwisation.
6) Furthering the aims of the Early Year5 Alliance.
FINANCIAL REVIEW AND RESERVES
The f￿ancial r¢sults for th¢ year ended 31° Aug￿8¢ 2021 show a deficit of £9.946. Last year the charity made a surplus of
£935. Incom¢ continue5 to remain steady ￿ £172,773 (2020: £170,891) and expenditure has increased to £182,719 (2020..
£169,956).
D¢spite the Unp￿redenled circumslances experienced forthe second yearru[￿1ll& Cygnets overachi¢ved thebudget setatthe
beginning of the year and the overall deficit was not as high as originally planned.
The setting's largest Cost relates to staff salaries and this increa%ed from lasi by approximately £1 IK whirh was due to an
increas¢ in pay implemented in April 2021 as well as an in¢re4se in stsffing numbers. some of whi¢h wa5 requtr¢d to cover
stafymetnbers who needed to self isolate.
Children related costs remained in line with the previous year. however. facilty and office costs showed an illCTease of £2k.
Thi5 wa5 partly du¢ to a rise tn m¢mbeTships and subscriptions. which required forremote parent consultations w¢ll as a
general annual price in¢rease and cl¢aning costs w¢re also higber due to the continued InCre￿d activity within this area
All other costs remained broadly in line with the previous year.

THE CYGNETS MILTON PRE-SCHOOL
PAGE 3
FINANCIAL STATEMENfs FOR THE YEAR ENDED 31- AUGUST 2021
TRUSTEES, ANNUAL REPORT......................coA¢inu¢d
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees are required by charity law to prepare fiThancial statements for each year which give a tsue and fair view of the
state of affairs of the charity and of the Surplus or deficit of the charity forthat year. In preparillg those fu)an¢ial statements.
the TrUs￿eS are required to:
{&) Select suitable accounting policies and then apply them consistenily.
Ib) Make judg¢rn¢nts and estimates that ar¢ reasonable and prudenL
(c) Prepare the f￿ancial statrments on a going concern b&sL5 unless it is inappropriate to presume that the chariry will
continue in operation.
(d) State wh¢ther the policies adopted are in accordance with the Ch￿itieS Aci 2011 and with applicable accounting
standards and Statrrn¢nts of Recon)mended Practic¢, subject ￿ any n￿￿rial d¢parture and explained in the r]nancial
stat¢m¢nts.
(e) Observe the methods and principals of the Chariti¢s Stht¢meni of ReCO￿￿end¢d Practice.
The T￿￿tee$ are responsible for keeping proper records which disclose with reasonable accuracy at any time the fll)ancial
position of the Charity atEd to ¢nsure that the financial Statements Comply with the Chariti¢s Acl.
The Trusiees confjrn) they hav¢ referred to the guidance Contain￿ in the Charity Commission's gen¢rnl guidance on public
benefit when reviewing the chariry's aitn5 and obje¢tives and in planning future activities.
ON BEHALF OF THE TRUSTEES
LIANNE STANFORD
Chair
21. Z>iL
Da

THE CYGNETS MILTON PRE-SCHOOL
PAGE 4
FINANCIAL STATEMENfs FOR THE YEAR ENDED 3 1ST AUGUST 2021
tNDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CYGNETS MILTON PRE-SCHOOL
I report to the truste¢s on my exatnination of th¢ accounts of the CygDets Milton Pre-schijol Charitable Incotpornled
Organisation (the 'CIO) for the year ended 31st August 2021.
RESPONSIBILITES AND BASIS OF REPORT
As the trnstees of the CIO you are responsible for the preparation of the accounts tn accordance with the
requirement5 of the Charities Act 2011 1.the Act").
I report in respect of my examination of the CIO'S accounts carried under section 145 of the 2011 Act and in
carrying out my examination I have followed all the applicable DiTeciion5 given by the Charity Commission under
5¢¢1ion 145(5Xb) of the Aci.
INDEPENDENT EXAMINER'S STATEMENT
I have ¢ompleted tny ¢xamination. I confirm no material matters have cotne ￿ my atiention in comie£tion with
the examination giving me ¢ause to beli¢ve that in any Mat¢r1￿ reSp￿ti
l. accounting records were not k¢pt in respe¢1 of the charity as required by section 130 of the Act. or
2. the accounts do not accord with thos¢ ￿cOrds. or
3. the accounts do not comply with the applicable requir¢ments concerning the forrn and contents of accounts set
out in the Charities (Accounts and Reports) Regulation5 2008 other than any requirement that the atcouThts give a
'tru¢ and fair vi¢w' which 15 Ilot a matter considered as part of an independent exatnination.
I have no concerns and have come across no other matters in comieclion with the examination to which attentton
should be drawn in this report in order to ¢nable a proper understanding of the accounts to be reach¢d.
tAN SHIPLEY FCCA
FOR AND ON BEHALF OF:
PRENTIS & CO LLP
CHARTERED ACCOUNTANTS &
tNDEPENDENT EXAMtNERS
q reb￿1),￿ 1022
115t MiltOfE Road
Cambridge
CB4 IXE

THE CYGNETS MILTON PRE-SCHOOL
PAGE 5
FfNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST AUGUST 2021
sTATEmE￿r OF FINANCIAL ACTIVITIES
Totsl
Total
Unr¢5tricted Unrestricted
2021
2020
Noies
tNCOME
Charitable activities..
FeeslFunding
Investment income
Other
170679
202
1892
168990
378
1523
TOTAL fNCOME
172773
170891
EXPENDITURE
Fundraising
Charitabl¢ activitie5
27
169929
182719
TOTAL EXPENDITURE
182719
169956
NET (EXPENDITUREytNCOME FOR THE YEAR
(9946)
935
RECONCILIATION OF FUNDS
Total ￿nd balan¢e brought forward
Total balance carried forward
79445
78510
69499
79445
The Statement of FiThan¢ial Activities includes all gains and losses rttognised in the year. All income and
expenditure dertve from continuing activiiies.
The notes on pages 7 to 9 fornj part of these financia] 5tatem¢nts.

THE CYGNETS MILTON PRE-SCH(K)L
PAGE 6
FfNANCIAL STATEMEKtS FOR THE YEAR ENDED 3 1ST AUGUST 2021
BALANCE SHEET
2021
2020
Notes
FIXED ASSETS
Tangible &ss¢ts
7843
CURRENT ASSETS
Prepaynents
Cash at bank and in hand
1933
63223
81527
TOTAL CURRENT ASSETS
65156
82658
LIABILITIES
Creditors.. Amounts falling due within one year
35￿)
3213
NET CURRENT ASSETS
61656
79445
TOTAL NET ASSETS
69499
79445
THE FUNDS OF THE CHAiUTY
Unrestricted ￿cOMe funds
69499
79445
TOTAL CHARITY FUNDS
69499
79445
The fmatkcial ststements were appToved by the Tntstees on 17 knKJ3
X)22
LIANNE STANFO
Chair
The notes on pag¢s 7 to 9 forni part of these financial statements.

THE CYGNETS MILTON PRE.SCHOOL
PAGE 7
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2021
NOTES TO THE FtNANCIAL STATEMENTS
ACCOUNTING POLICIES
(a) BASIS OF PREPARATION OF FtNANCIAL STATEMENTS
The fu￿]¢1a1 statements have been prepared under the historical c05t convention with items reco￿]sed
at cost or transaction value unle55 otherwise srated in th¢ r¢levanc notes to these f￿anCial statements.
The fjnancial statements have been pr¢pared in accordance with the 8tatement of Recommended Practice..
Accounting and Reporting by Charities preparing their atcowits in accordance the Flliancial Reporting
Standard applicable in the United Kingdom and Republic of Ireland IFRS 102} issued on 1st January 2019
and the Financial Reporting Standatd applicable in the United Kingdom and Republic of Ireland {FRS 102)
and the Charities Act 2011.
The Tn]stees Consider tbere pre no mat¢rial uncenainti¢5 thjut the Pre-school's ability to continue as a
going ¢on¢ern.
(bl STATEMENT OF CASH FLOWS
Th¢ Trustees have opt¢d to take advanlage of the amendment to Charities SORP FRS 102, where only
larger chariti¢s are required io prepare a Ststrment of C&sh Flow.
(¢) fNCOME
Income represents the amount derived from the charitys ordinary activities. Income is recognised in the
period in which the ctwity i5 entitled to receipt and the amount can be measured with r¢asonable certainty.
No income is stat¢d net of any ￿oCIated expendiftwe.
(d) EXPENDITURE
All expenditure is accounted for on an arCn￿lS basis.
Charitable ¢xpcndiwTe comprises those costs incurred by the charity in the delivery of its activities and
service5 to beneficiaries. Governance costs include costs a￿O¢lated with meeting the constituttonal and
51atutory reqUire￿¢￿ts of the charity and are part of the charÈtys activities. Expenditure is allocated
to expense headtngs on a direa cosi b&%15.
(e) TANGIBLE FIXED ASSETS
Tangible assets ar¢ stated ai cost les5 depreciation.
Depreciation is provided all tangible r￿ed &85ets at rates calculated to ￿TIte-off the costs less
¢stiTnated residual value of each a￿l evenly over their expected u5¢ful lives as follows-.
Fixtures and Fillings
- 25Yo straigbi line
Th¢ TNstees have adopted a wlicy only items in excess of £IOOO ar¢ lo be capitalised.
INCOME FROM OTHERS
Total
Total
Unrestricted Unr¢stricted
2021
2020
PhOtO￿aph cotllrni5sion
Sponsored Walk
Easy Fundraising
Easier Fayre income
Christtnas hamper
Children's unifomi sales
School outing collections
Other fiJndr2ising
47
1221
16
50
268
47
10
94
589
390
75
416
160
32
1892
1523
EXPENDITURE ON FlrNDRAIS￿G
Total
Total
Uwestricted Unrestricted
2021
2020
Easter Fa￿e
27

THE CYGNETS MILTON PRE-SCHOOL
PAGE 8
FNANCIAL STA'fEMENTS FOR THE YEAR ENDED 3 1ST AUGUST 2021
NOTES TO THE FINANCIAL STA TEMENTS
EXPENDITURE ON CHARITABLE ACTIVITIES
Tots]
Total
UDrestrict¢d Unrestricted
2021
2020
Staff costs (note 5)
Trdining costs
Other staff costs
Payroll service
Materials and activity supplies
New equipment, Books. Toys
EYPP expenditure
Milk and snacks
Deprivation
Rent
Utility ¢05ts
Waste disposal
Cleanftng costs
Repairs ond mainteDaDce
Other school running costs
Photocopyin& stationery and postsge
Telephone and internet
Insurance and registration fees
Accountancy
School outing
Sports day
Unifonn
Bank charg¢5
Committ¢¢ expenses
Eniertainment costs
Depreciation of fixtur¢s and fittings
153588
1615
17
1400
1723
4282
1444
23
24
999
1440
358
4972
2075
2546
2286
142991
119
1432
1754
4518
815
19
26
1020
1238
1033
4405
2510
1018
1644
178
431
960
919
174
242
207
132
763
1199
960
68
142
540
233
49
102
523
182719
169929
STAFF COSTS
No r¢mwieration was paid to any of the Tntstees in the year, nor were any expenses reimbursed to them.
2021
2020
Salaries and wages
Employers peI￿lort
150054
3534
139933
3058
153588
142991
The average nwnb¢r of employees during the year was 14 (2020: 13).
No member of staff earned more than £60.OCM).
The key management personnel of the chariry comprise the Board of Tnjstees who give thehr tirne
freely.

THE CYGNETS MILTON PRE-SCH(Y)L
PAGE 9
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2021
NOTES TO THE FINANCIAL STATEMENrs
TANGIBLE FIXED ASSETS
CURRENT YEAR
Fixtures and
Fittillgs
COST
Additions
8366
Balance at 315t August 2021
DEPRECIATION
Charge for th¢ year
Balan¢e at 3 1st Augu￿ 2021
NET BOOK VALUE AT 3 1ST AUGUST 2021
8366
523
523
7843
DEBTORS AND PREPAY￿ENTs
2021
2020
Prepaym¢nts
1933
CREDITORS
2021
2020
Trdde creditor5
T￿atiOn and social security
Accn￿[S
1203
1337
960
790
963
1460
3500
3213
ACCUMULATED FLWDS
Year ended 3 1st Augusr 2021
Balance at
1st September
2020
Balance at
3 Isi August
2021
Income
Expenditure
Unrestricted funds
79445
172773
182719
69499
ACCUMULATED FUNDS
Year ended 315t August 2020
Balance at
1st Seprember
2019
Balance at
3 1st August
2020
Income Expenditure
Ullrestricted fimds
78510
170891
169956
79445