THE CYGNETS MIL TON PRE-SCFIOOL
FINANCIAL STATEMENTS FOR THE4 YE,AR F.NDED 3 1ST AIJGUST 2024
CONTENTS AND PRE-SCIIOOL INFORMATION
CONTE.NTS
PAGE..
Trustees Report
Independent Examiners Report
Statement. of Financial Activities
Bal&nLe Sheet
Noles to the financial Statements
Tbe following pages do not forni pait of the Staiulory Itinancial Statoments..
Income and Expendilure A¢count
CHA￿.
Lianne Sianford
TRUS'fEES:
Sue Willi￿8 (Treasurer)
Nick Jones
Siinoii Bradley
Sonali Saccaram
l.ianne Slanford
Nicola Boak (resigned 17110123)
7oe Patlisoii
Fion¢l Pollard
SECRETARY:
Simon Bradley
PRINCIPAL OFFICE,.
14umpliries Way
Milton
Cambridge
CB24 6DI.,
C14ARI'I'Y NUMBER..
1155959
COMPANY NUMBER.,
CE000997
INDEPEIqDENf EXAMINER:
Ian Shiploy FCCA
Foi and on behalf of:
Prentis & C() LLP
Chartered Accowitanls
Independent Examiners
115¢ Milton Road
Cambridg
CB4 IXE
BANICERS:
Barc1¥4yS Bai)Ic UIC PIG
I Cliurcliill Place
London
E14 5HP
Cambridge Building Suciely
51 Newmarl<ct Road
Cambridge
CB5 8Fr

THE CYGNETS MILTON PRE-SCHOOL
PAGE I
F]NANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST AUGUST 2024
TRUSTEES, ANNUAL REPORT
The Thjstees present their aDllual report for The Cygnets Milton Pre-school for the year Cnthd 3181 August 2024.
The f￿ancial ststernents comply with tho Charities Act 2011 and Accounting and Reporting by Charities: Staten]ent of
Recommended Practice applicable to chaTiti¢s prep￿ing their accounts in accordance with the Financial Reporting Stalld￿d
applicable in the UK and R¢public of Ireland (FRS102) (effective 1° January 2019), as modified by th¢ exemptions for
small charities provided in Update Bulletin l.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity Is constituted as a Charitable Incorporated Organisation, Incory￿rated in 2014 under a standard membershjp
CIO (deed).
The Cygnets Mikon Pre-Sch(M)l (Cygnet8) is a registered charity, and so requires volunteer Trustees to fomi a management
committee. The committee is the 'r¢gistered person, for Ofste(L' in other words, the committee has had to apply to Ofsted
to open this Pre-school. As such, tho Committee is ultimately responsil)le for the children's, staffs, and visitors, health,
safety alld Welf￿¢, as well as the managemellt of staff and finances. amongst other things.
It is a big resw)nsibility, but the conmnittee tries to make it enjoyable, and enjoy contributing time throughout the year and
at fund-raisillg events for Cygnets. It is a greatway ofbeing involved in the Community. We have mailltailled our conllnittee
members this year and there are new members that are currently in thg process of joining the existing comnllttee. This
makes for a goodnumbgr so that each Cornmittee member can have a portfolio ofresponwThility that is not too overwhehning.
ORGANISAJION AND APPOINTMENT OF TRUSTEES
The CA)mmittea and gxperienced workforce consists of a Manager, Deputy Manager, Room LeadeTh, an Office Manager and
other room staff, all of whom ensure the smooth ninning of the sctting.
New Trustees are appoillt￿ by the existing committee members.
IUSK MANAGEMENT
Thc manag¢ment committee is responsible for overseeing of risks faGed by Cy￿ets. Risks are identified, assessed and
ontrols ar¢ estabLished continually throughout the year. The manag¢ment committee believes that thi8 approach, which
closgly monitors the operations, staffmg and fU￿]CeS of the Pre-school will mitigate the significant risks and that
maintaining fmpncial reserves will provide sufficient resources in the event of adverse conditions.
The safety of th¢ children who attend the setting is paTamount and sufficient safeguarding m¢asures and insurance is in
plare to ensure this.
ACTIVITIES AND OBJECTIVES
Staffing and Chjldren
The committee is very fortLmate to have sllch a committed and experien¢¢d workforce at Cygnets. This allows us to provide
ontinuity and a high standard of care for the children.
Due to the positive reputation of the setting within the cornmunity, demand for places in the setting has platsaued oveT the
past year. Once this was recognised, the management te8rn and senior trustees worked to see where gaps have occurreLL
We recognise the complex juggling act that the management team completes every half tern] to accon]modate as mpny
hildren as they can all while most effectively matching the myriad of stafFmg combinations, hours and rooms. The numbers
of Ghilthen alld staff continue to put pressure on the physical spa¢es within the setting. This issue is continuously being
onsidered and a solution will hopefvlly be found in the near future. We have expanded the conllnittee with members who
havc specialist knowledg¢ in the hopes that we can eff¢ctiv¢ly evaluate the space and its use and work towards making
positive thanges for the future.
FulldralsiDE
The Nursery Education Fundingreceived via Cambridge County Council does not ￿lty cover costs. As aresultfees charged
for extra sessions and s¢ssions foi childrgn not qualifying for funding, plus additional fundraising events are needed to
maintain resources, train staff and meet farility running costs, This additional funding was ￿hIeVed by sponsored events
organised throughout the year. The committee would like to thank everyone who supported the variou5 events. The
committee now has a fundraising portfolio so that we can apply for suitable external funding schemes.

TFIE CYGNETS MILTON PRE-SCI-IOOL
PAGE 2
FINANCIAL STATEMEN'fS FOR THE YEAR ENDED 31 SI" AUGUST 2024
TRUSTEES, ANNUAL RLPORT .
.continLied
ACHIEVEMLNTS AND PERFORMANCE
The settiiig has liad a challeiiging year, largely doe to a continued inGr¢asc ii) ¢osl's and a dcci'easc iii thc iiuinb¢i- of cliildi'cn
in attendance, Tlic action of Ihe nianageinent team throughout die year ineant that by tlic end of tlie suinmei- term, nuiiibei'5
of cliildren had beeii restorcd and the financial forecast impi'oved. The continued suppoit from Cainbridgcshiro County
Council early years team has assisted tlie sel'l'ing by providing advice and contiiiues to maiiilain the Nurscry Education
Fundiiig 8rants. Ile Pre-scliool's longsiaiiding good maii&gcment' practice Iiag worl<ed to improvc ihc recently depleted
Casli i'oservcs and ensured that Cy￿)ets i'eturned to its sts'ong financial position.
PUBI.IC BENEFIT
The charity worl<s for the public benefit by liaving as its objectives, th¢ developinent and educatioii of cliildren youiig
people and is demonslrated by:
l) l)iy)mot)tl8 their care and safcly,
2) Proinoting theii. edueation and promoting parental involvement.
3) Promoling their healtl) and wellbeing.
4) Providkng 5eTvices to suppoil them aiid tlieir families and carers.
5) Providing services to individuals holding membcrship of the Charitable Incorporatcd Organisatioi).
6) Furtliering the aims of die Early Years Alliance.
I,-INANCIAL REVIEW AND RESERVES
The f51iancial results for the year ended 3151 Au8U5t 2024 show a surplus of £16,767 (2023.. deficit £19,589), Income ha5
increased to £215,650 (2023.. £198,205) and expenditurc has decreascd to £198,883 (2023 £217,794).
Despik tlie unprecedented circumslaiices experienced foi. die thii'd year running, Cygnets overachicvcd thc budget set at
the beginning of Ilic year and the overall surplus was grcater compwcd to the deficit originally planiicd.
The sclting's largest cosl rclates to st'aff salaries and this decieased from last year by approximately £151c. I'his decrei1SC
Wds duc to a fall in st&ff numbers, despile a requii'ed pay riso iniplemented in April 2024.
All olher cosls remained broadly in line willi tFLe previous year.
STA'fEMFNT OF I'IIUSTEES, RESPONSIBILITIES
'The 'l'i'LisI'ees are i'equired by clitu-kiy law to pi-¢pai'e finai)cial s&1tcmei)ts for cach ycar wliiGh givc a tI￿e and fail. view of the
state of affaiis of the cbariiy a]id of thc Surplus oi. deficit Df the chai'ily for thut year. lii pr¢paring those 'fin<1ncidl stalemenls,
Ihe Ti'ustees are requÉred to..
(a) Select suitable accounting policies and Ihell apply thein consisleiitly.
(b) Make judgemciits and estim¢ltes iliat are reasonable aiid pi-udeiit.
(c) Prepare the fiiiancial statcm¢nts on a going concei'J basis uii5ess il 18 inappi'opriatc to piisuine thal t]Ic Ch￿'llY will
coiitinue in operation.
(d) S(dte whether th¢ policies adopted al-e iii accordance wilh thc Charitics Acl 2U I l aiid wil'h applicablc <1ccounting
standaLds cind SLal'cincnts of Rccoinmet]d¢d Practice, subject lo any Inatcrial departur¢ and explained iii t11e finaiicial
statcmenls.
(e) Observe tlie metliods and principals of Lhc Charities Slalemeiit of Rccoinmendcd PractlGC.
'riie Trust¢¢s al'e itspoiisible for keeping propci- L'CCOI-d.s wliicli dis¢Sose with i'¢(￿01]able <iccuracy at aiiy liine tlie fiiidncial
P05iLioii of t]ic cliariiy dnd lo ensure thzkt the fiiiancial stalcmeiits coinply wiLli Ihe Cliarilics Act.
The I'rustees coiifirin tliey liav¢ referL'cd to ihe guidaiice coiilaiiied in the CliaTity Coinmission's gonei'al guidance on publiL
bcnefil wheii rcvi¢wing tlie cliarlty's aims <wd obj¢clives aiid in plat)ning fuluL¢ activitics.
ON BE14ALf oi.- 'i'llE TRUSTEES
LIANNf STANfoiiD
Chair

THE CYGNETS MILTON PRE-SCHOOL
PAGE 3
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024
DEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CYGNETS MILTON PBI-SCHOOL
I report to thg trustees on my examination of tho aGcouDts of the Cygnets Milton Pre-sclwol Charitabl¢ lncoryorated
Organisation (the 'CIO') for the year ended 3 1st Aijgust 2024.
RESPONSIBILtrES AND BASIS OF IiEPORT
As the trustees of the CIO you are responsible for the preparation of the accounts in accordance with th¢
requirements of th¢ Charities Act 2011 ("the Act").
I Teport in rcsp¢ct of my examination of the CIO'S accounts carried out under section 145 of the 201 l Act and in
carying out my examination I have followed all the applicable Directions given by the Charity Commission under
section 145(5)(b) of the Act.
IDEPENDENT EXAMINER'S STATEMBNT
I have compl¢ted my examination. I ronfirrn that no material matters have come to my attention in connection with
the examination giving me Cause to believe that in any material respect.,
I, accounting ￿COrdS were not kept in respect of the charity as required by sectiori 130 of the Act. or
2. the accounts do not accord with those records. or
3, the accounts do not cornply with the applicable requirements conccming the form and contents of accouDt8 5eA
out in the ChaTiti¢s (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a
'true and fair vAew' which is not a matter considered as part of all independent examination,
I have no concerns and have come across no other matters in GODnection with the examination to which attention
Should be dtawn in this report in order to enable a proper understanding of the accounts to be reached.
IAN SHIPLEY FCCA
FOR AND ON BEHALF OF:
PRENfis & CO LLP
CHARTERED ACCOUNTANTS &
INDEPENDENT EXAMINERS
2oZS.
115c Milton Road
Cambridge
CB4 IXE

THE CYGNETS MtLTON PRE-SCHOOL
PAGE 4
FINANCIAL STATEMENTS FOR THE YEAR ETr￿ED 3 1ST AUGUST 2024
STATEMENf OF FINANCIAL ACTfvITIES
Total
Totsl
Unrestricted Unrestiictsd
2024
2023
Notes
lllCOME
Charitable activities..
FeeslFunding
lnveslment income
211,352
I,177
3,121
215,650
193,881
350
3,974
198,205
TOTAL INCOME
EXPENDITURE
ch￿At￿ble activities
198,883
217,794
217,794
TOTAL EXPENDITURE
198,883
NET INCOME/(EXPENDITURE) FOR THE YEAR
16,767
(19.589)
RECONCILIATION OF FUNDS
Total fund balance brought forward
Total fund balance carried forw
48,301
65,068
67,890
48,301
The Statement of Financial Activities includes all gains and losses recognised in tho year, All income and
expenditure derive from continuing activities.
The notes on pages 6 to 8 fonn part of these financial statements.

THE CYGNETS MILTON PRE-SCHOOL
PAGE 5
FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST AUGUST 2024
BALANCE SHEET
2024
2023
Notes
FIXED ASSETS
Tangible assets
2,408
4,815
CURRENT ASSETS
Prepayments
Cash at bank and in hand
2,452
102,629
105,081
2,429
63,527
65,956
TOTAL CUBJiENT ASSETS
LIABILITIES
Creditors: Amounts falling due within one year
42,421
22,470
NET CURRENT ASSETS
62,660
65,068
43,486
TOTAL NET ASSETS
48,301
TH8 FUNDS OF THE CHARITY
Unrestricted incorne fill]ds
65,068
48,301
48,301
TOTAL CHARITY FUNDS
65,068
The financial statements were approved by the TTUStees on zs AfwJ 2015.
LJANNE STANFORD
Chair
The Dotes on pages 6 to 8 fonn part of these financial statements.

THE CYGNETS MILTON PBE-SCHOOL
PAGE 6
FINANCIAL STATEMENTS FOR THE YEAR ENDED S I ST AUGUST 2024
NOTES TO THB FINANCL4L STATEMENTS
ACCOUNTING POLICIES
(a) BASIS OF PREPARATION OF FINANCIAL STATEMBTrrrs
The th)ancial statements have been prepared under the historical cost convention with items recognised
at cost or transaction value unless otherwise stated in the relevant notes to these fll]ancial stafrments.
The fLnancial statsments have been prepared in accordance with the Statement of Recommended Practice..
Accounting and Reporting by Charities preparing their account8 in accordance with the Financial Reporting
Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) issued on I st January 2019
and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
and the Charities Act 2011.
The Thistees consider there are no nmterial uncertainties about the Pre-school's ability to continue as a
going Qoncern.
(b) STATEMENT OF CASH FLOWS
The Tnjstees have opted to take advantage of the amendment to Charities SORP FRS 102, where only
larger clwities requir¢d to prepare a Statsjnent of Casb Flow.
(c) INCOME
tncome represents the amount derived from the charitys ordinary activities. Income is recogni8ed in the
period in which the charity is entitled to receipt and the amount can be measured with roasonable certainty.
No income is stated net of any associated expenditure.
(d) EXPENDITURE
All cxpenditure Ès accountsd for on an accruals basis.
Charitable expenditure comprises those costs incU￿ed by the charity in the delivery of its activities and
services to beneficiaries. Governance costs include costs associated with meeting the Gonstitstional and
statutory Tequirements of tbe charity and are part of the chaTity'S activities. Expenditure is allocated
to exponse headings on a dwect cost basis.
(e) TANGIBLE FIXED ASSETS
TangEI)le assets are stated Rt cost less depreciation.
Depreciation is provided on all tangible fjxed assets at Tatos ￿lCUlated to write-off the wsts l¢ss
estimated Tesidual value of each asset evenly over their expected useful lives as follows:
Fixture5 and Fittings
- 25¥0 straight line
The Trustee8 have adopted a policy that only items in excess of £IOOO are to be capitalised.
INCOME FROM OTHERS
Total
Total
Unrostricted Unrestricted
2024
2023
Photogrdph conunission
Sponsored Walk
Easy Fundraising
Chrislmas hamper
Chilthen's uniforni sales
School outing Gollections
Easter Fayre
Other fundraising
Gift Aid
Sunlln¢r Fa￿¢
44
I,oio
16
120
919
32
42
510
325
1,329
697
147
296
511
113
984
3,121
3,974

THE CYGNETS MILTON PRE-SCHOOL
PAGE 7
FINANCIAL STATEMENfs FOR THE YE1￿ ENDED 31 ST AUGUST 2024
NOTES TO THE FINANCIAL STATEMENrs
EXPENDITURE ON CHARITABLE ACTIVITIES
Total
Total
Unr¢strithd Unrestricted
2024
2023
StafF¢osts (note 4)
Training ¢osts
Other staff cosis
Payroll service
Materials and activity supplies
N¢w equipment , Books, Toys
EYPP expenditure
Summ¢r Fayre expenditure
Easter Fayre exp¢nditUTe
Milk and snark5
Deprivatioll
Rgllt
Utility costs
Waste disposal
Cleaning costs
RepaiTh and maintsnanGe
Other school rLllming costs
Photowpying) Statii)nery and postage
IT and website costs
Telephone and internet
Insurance and registration fees
Accountancy
School outing
Sports day
Unifomi
Ballk charges
Cornrnittee expenses
Entertainment costs
Depreciation of fiXtt￿es and fittings
173,264
485
133
1,497
1,475
743
471
117
188,004
511
202
1,582
1,039
1,504
1,802
90
53
45
999
2,579
967
4,824
1,343
2,747
1,399
129
322
876
1,260
370
io
15
563
999
2,683
926
4,992
1,947
2,693
1,883
156
618
859
1,050
384
470
262
252
iio
2,407
138
2,407
198,883
217,794
STAFF COSTS
No remuneration was paid to any of the Trustees in the year, nor were any expenses reimbursed to then].
2024
2023
Salaries and wages
Employ¢rs pension
169,017
4,247
183,328
4,676
188,004
173,264
The average number of employees during the year was 13 (2023: 16).
No ￿ember of staff earned more t1￿] £60,000.
The key manag¢ment personnel of the Gharity comprise the Board of Trustscs who give their time
freely.

THE CYGNETS m￿ToN PRB-SCHOOL
PAGE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST AUGUST 2024
NOTES TO THE FINANCIAL STATEMENTS
TANGIBLE FtXED ASSETS
CURRENT YEAR
COST
Balance at 1st September 2023 and at 31 August 2024
DEPRECIATION
BalallGo at 1st September 2023
Charge for the year
Balan¢e at 3 1st August 2024
NET BOOK VALUE AT 31ST AUGUST 2024
Fixtures pnd
Fittings
9,629
4,814
2,407
7,221
2,408
TANGIBLE FIXED ASSETS
PRIOR YEAR
COST
Balance at 1st September 2022 and at 31 August 2023
DEPRECIATION
Balance at 1st September 2022
Cbarge for the year
Balaace at 31 st August 2023
NET BOOK VALUE AT 3 1ST AUGUST 2023
Fixtures
Fittings
9.629
2,407
2,407
4,814
4,815
DEB TORS AND PREPAYMENTS
2024
2023
Prepaymgnts
2,452
2,429
CREDITORS
2024
2023
Trade creditors
Taxation and social security
Accruals
1,277
1,695
39,449
1,169
1,287
20,014
42,421
22,470
ACCUMULATED FUNDS
Year eDded 3 1st August 2024
Balance at
1st September
2023
Balance at
31 st August
2024
Income
Expendituro
Unrestricted funds
48,301
215,650
(198,883)
65,068
ACCUMULATED FUNDS
Year ended 3 1st August 2023
Balance at
1st Septsmber
2022
Balance at
3 1st August
2023
Incon]e
Expenditure
Unrestricted funds
67,890
198,205
(217,794)
48,301