THE CYGNLTS MILTON PRE-SCHOOL FINANCIAL STATEMENFS foR THE YEAR ENDED 3 1ST AUGUST 2025 CONfENTS AND PRE-SCHOOL tNFORMATION COl(fENTS PAGE.. Trustees Report Independent Examiners Report St&tement of Financial Activities Balance Sheet Notes to the Financial Statements Tlie followÉng pag¢s do not forni part of the StaNtory Financial St&tements'. Income and Expendire Account CHAIR.. Lianne Stanfoi'd TRUSTEES.. Sue Williams (Treasurer) Nick Jones {resigned 14110/24) Simon BLadley Sonali Saccaram Lianlle Stanford Zoe Pattison Fiona Pollard Gemma Woodward (appointed 14110124) Sarth James (appointed 14110124) SECRETARY.. Simon Bradley PRINCIPAL OFFICB.. Humphries Way Milton Cambridge CB24 6DL CHARITY NUMBER: 1155959 CON(PANY NUNtBEIL' CE000997 INDEPENDENT EXAMINER,. Ian Shipley FCCA For and on behalf of.. Prenti8 & Co LLP Chartered Accountants Independent Examiners 115c Milton Road Cambridge CB4 IXE BANI(ERS,. Barclays.Bank UIC PIC I Churchill Place London E14 5HP Cambridge Build.ing Society 51 Newmarlcet Road Canibridge CB5 8FF
'THF. CYGNETS MfLTON PRE-SCHOOL PALJE I riNANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST AUGUST 2025 TRUSTEES, ANKUAL REPORT The Tiustses pres¢nt Ih¢ir annual report for The CygTJets Milton Pre-school for the year ended 3 1st Augus¢ 2025, The fllwicial statements cotnply with the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended PraGti¢e applicable to chaTÉties preparing tEieir accounts in a¢cordance with the Finaiicial Reporting Standai applicabL¢ in the UK and Republic of Ireland (FRS102) (effective 1st January 2019), as modifIed by the exemptions for small charities provided in Update Bulletin l. STRUCTURE, GOVERNANCE AND NAGEMENT The charLty IS constÉtuted as & Charitable Incorporated Organis&lion, incory)oi'atgd in 2014 under a standud membership CIO (deed). The Cygnets Milton Pre-school (Cygnets) is a registvred charity, and so requires volunteer Trustees to form a management committee. The cornmittee is the 'registered person, for Ofsted,. in other words, the cotnmittee has liad to apply to Ofsled to open this Pre-scliool. As such, the cominittee is ultiinatsly responsible foi. the health, saf¢ty and welfare of childrel), staff and visitors, on top of the management of staff and finances, amongst other things. It is a big responsibility, but the committee tries to make it enjoyable, atld enjoy contributing tim¢ througliout the year and at flld-sing events for Cygnets. It is a great way of being involv¢d in the community. We bave maintained our cornmiltee members this past year and there is one new member currently in the process of joining the existing conlmittee. We are at a point where we have some very long-standing members, and a new, extensive recruitment di'ive will have to occur in te near future. ORGANISATION AND APPOINTMENT OF TRUSTEES The committed arid experieiiced workforce consists of a Manager, Deputy Manager, lioom L¢&ders, an Office Manager and other room staff, all of whom ensure the smooth running of the setting, New Trustees are &ppointed by tlie existing committee members. RISK MANAGEME.Nr The mandgenient cotnmittee is responsible for ov¢rseeing of risks f&¢ed by Cygllets. Risks are ideDtifJed, asse8s¢d and colitrols are established continually througknout the year. The management cominittee believes that this approach, which closely monitors the operations, stafftng and finances of the Pre-school will rnitigate the Significant risks alld that maintaining financial reseNes will provide sUL¢lent resources in the eveut of adverse conditions. The safety of the children who atteiid the setting is parninount and sufficient safeguarding tMeasur¢s and insurance is in place to ensure this. ACTIVITIES AND OBJECTIVES Staffing and Childreii The committee is very forthnate to have such a committed and experienced workforce at Cygnets, ThL5 allows us to provide continuity and a high stsndard of care for the children. Due to the positive reputation of the setting within Ihe cotnmunity, demand for places ITh the setting has plateaued over the pasi year. Once this was recognised, the management team and senior trustees worked to see where gaps have Occued. To this en(t, we have opened breal(fast and afterschool clubs and Jnade tbem available to childr¢n who attend Ihe core-hours sessions. We r¢¢ognise the coinplex juggling act that tkne management team completes every half tern] to accotnmodate as many chilth'en as they can all while most effectively matching the myiad of staffllig conibination%, hours and rooins. I'he numb¢ of children and sl'aff continue to put pi'essure on th¢ physical spaces within tlie setting, Fuiidraising The Nursery Education Funding received via Cambridge County Council does not fully cover costs. As a Tesult f¢¢s chargod for extra sessions and sessions for children not qualifying for funding, plus additional fundraising events are needed to maiiitain resources. train staff and meet facility tunning costs. This additioiial ndillg was achieved by sponsored events organised througl)out the year. The committee would like to thank everyone who supported the various events.
THE CYGNETS MILTON PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST AUGUST 2025 TRUSTEES, ANNUAL REPORT,,........,..... .continued ACHIEVEMENTS AND PERFORMANCE Despite rising opei'ational costs £d a tempoTai'y decline in attendance, the setting has experienced & successful year overall. Thanks to the proactive efforts of the manag¢n)ent team, child numbers were restored by the end of the sllmer teirn, leading to a more positive fmancial outlook. Ongoing guidance from the Cambridgeshire County Council Early Years teatn continues to be beneficial, particularly in maintaining access to Nursery Education FundAng grants. Cygnets, longstanding commitment to sound m&nagement pr&¢tic¢ ha5 played a key role in re-¢stablishing the Pre-school's strong financial position. PUBLIC BENEFIT The charity works for the public bellefit by having as its objectives, the development and education of chilth'en and young people )d is demonstrated by.. l) Promoting their care and safety, 2) Promoting their education alld proinoting parental involvement. 3) Promoting their health and w¢llb¢ing, 4) Providing services to support thetn and their families and carers. 5) Providing services to individuals holding tnembership of Ihe Charitable IllcoLporated Orgmisatioll. 6) FurtheritLg the allns of the Early Years Allianc¢. FINANCIAL REVIEW AND RESERVES The financial result5 for the year ended 3 l$t August 2025 show a surplus of £5,517 (2024: surplus £16,767). Income has increased to £234252 (2024,. £215,650) and expenditure has increased to £228.735 (2024: £198,883). Despite increasing operational costs, Cygnets overachi¢ved tbe budget set at the beginning oethe year and the overall sury)lug was greater compared to the deficit originally plat]ned. The setting's largest cost relates to staff salaries alld this incroased from last year by approximately £24k. This increase was due to a required pay rise itrlplemented in April 2025 and higher Employer National Insurance Contributions, Repatrs and rnainlenance costs rose during the year, reflecting the ageing condition of the prernises. However, all other expenditure i'ernained broadly consistent with the previous year. STATEMENT OF TRUSTEES, RESPONSIBILITIES The Tnistees are required by chlty law to prepare financial staternents for each year which give a true and fair view of the state of affairs of the charLty and of the surplus or deficit of the charity for that year. In preparing those financial statements, the Trustee,s are i'cquired to.. (a) Select suitable accounting policieb and then apply them consistently. {b) Malce judgetllLnts and estimates that are re&sonable and prudent. (¢) Prepare the financial statein¢nts on a going concern basis unless it is inappropriate to presume th&t the charity will continue in operation. (d) State whether the policies adopted are in accordance with the Charities Act 201 L alld with applicable accounting standards and Statements of Recornmended Practice, subject to any material departure and explained in the financial statemellts. (e) Observe tbe methods and principals of the Charities Statem¢Tht of Recommended Practice. The Truste¢s ar¢ responsible for keeping proper records which disclose with reasonable accur&cy at any time the fmancial POSLtion of the charity and to ensure that the fjnancial statements comply with the Char Aties Act. The Tru5t¢es confTh they have refetTed to the guidance contained in the Cliarity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning tre activities. ON BEHALF OF T14B TRUSTEES Z_ SL/- LIAKNE STANFORD Chair DATE
THE CYGNETS PfvllLTON PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YBAR ENDED 3 1ST AUGUST 2025 INDEPENDENT EXAMLNER'S BEPORT TO THE TRUSTEES OF THE CYGNETS MILI'ON PRE.SCHOOL I report to the trustees on my examination of tlie accouE].ts of the Cygnets Milton Pre-school Charitable Incorporated Organisation (the 'CIO') for the year ended 3 1st August 2025. RESPONSTBILITES AND BASIS OF REPORT As the Iste¢S of the CIO you are responsible for lh¢ PTeparation of the accounts in aGcordan¢e with die requirementg of the Charities Act 2011 ( tkne Act"). I report in Tespect of my examination of the CIO'S accounts carried out und¢r section l45 of the 201 l Act and Ln canying out Y examination I have followed all the applicable DirecLions given by the ClrIty Commission under section 145(5)(b) of the Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my oxamination, I COnfll that no material tEthtters have corne to my &ttention in coiittection with the examination giving Ille cause to believe that in any matenal respttct; l. &ccounting records were not kept in respect of the charity as required by seclion 130 of the Act,. or 2. the accounts do not a¢cord with those record8; OT 3. the aCCOUTLts do not comply with the applic&ble requirements concerning tlie fom] and conteats of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other Ih&n any r¢quir¢ment that the accounts give a 'IrLLe and fair view, which is not a matter considered as part of an independent examination, I have no coiicents and have come across llo Other Énatters in connection with the examination to which attention should be drawn in this report in order to ¢oable a proper uJd¢rstanding of the accowits to be reached. IAN SHIPLEY FCCA FOR AND ON BEFIALF OF; PRENTIS & CO LLP C14ARTERED ACCOUNTANTS & INDEPENDFNT EXAhLINERS I l5c Milton Road Cambridge CB4 IXE
THE CYGNETS NIILTON PRE-SCHOOL PAGE 4 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST AUGUST 2025 STATEMENT OF FINANCIAL ACTIVITIES Total Total Unrestricted Unrestricted 2025 2024 Notes INCOME Charitable activities: FeeslFunding Investment income Othei 230,867 1,452 1,933 211,352 1,177 3,121 TOTAL INCOME 234,252 215,650 EXPENDITURE Charitable &ctivitL¢S 228,735 198,883 198,883 TOTAL EXPENDITURE 228,735 NET tNCOME FOR THE YEAR 5,517 16,767 RECONCILIATION OF FUNDS Total fund balance brought foThvd Total fund balance carried foNiard 65,068 48,301 70,585 65,068 The Statement of Fiiiancial Activities includes all gaiThs and losses recognised in the year. All income and expenditure derive from continuiiig activities. The notes on pages 6 to 8 form part of these fllwicial statements.
THE CYGNETS MILTON PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YF.ARENDED 31ST AUGUST 2025 BALANCE SHEET 2025 2024 Notes FIXED ASSETS Tangiblc assets 2,40S CURRENT ASSETS Prepa)Thents Cash at bank and in hand 2,562 110,598 113,160 2,452 102,629 TOTAL CURRENT ASSETS 105,081 LIABILITIES Creditors.. Au)ounts falling due wilhin one year 42,575 42.421 NET CURRENT ASSETS 70,585 70,5 85 62,660 65,068 TOI'AL NET ASSEI'S TFTE FUNDS OF TIIE CHARITY Unrestricted ineome funds 70,585 65,068 TOTAL CIIARtTY FUNDS 70,585 65,068 Th¢ financial st&ternonts were approved by the Trustees on Lrokn Iq. ZC-L LIANNE STANFORD Chair The notes on pages 6 to 8 forni part of these financial stateentS.
THB CYGNEI'S MILTON PRE-SCHOOL PAGE 6 FINANCIAL STATENfENTS FOR THE YEAR ENDED 3 1ST AUGUST 2025 NOTES TO THE FfNANCIAL 8TATEfvtENTS ACCOUNTtNG POLICIES (a) BASIS OF PREPARATION OF FINANCIAL STATEMENTS The fLnancial statements h&ve been prepared under the histori¢al cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these financial statemeiits. The fLnan¢ial statements have been prepar¢d in accordance with the StateLnent of Recommended Pr&ctiLe: Accounting and Reporting by Charities preparing their accounts in accordance with tlie Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) issued on 1st January 2019 and the Financial Reporting Standard applicablo in the United IQngdom and Republic of Ireland (FRS 102) and the Charities Act 20LI, The Trustees consider there are no n)&terial uncertainties about the Pre-school's ability to coiitinue as a going corLcern. (b) STATEMENT OF CASH fLOWS The Trustees have opted to take advantage of the atnendment to Charities SORP FRS 102, where only larger charities are required to Prepare a Statement of Cash Flow. (c) fNcoME In¢ome represent8 the amount derived from the charitys ordinary activities. Income is recogllised in the period iii which the charity is entitled to receipt aiid the amount can be Lneasured with reasoiiabl¢ certainty. No income is stated net of any associated expenditure. (d) EXPENDITURE All expenditure is accounted for on an ¢rualS b&81.S. Charitable expenditwr comprises tliose costs incurred by the clTrrity ill the delivery of its activities aiid services to beneficiaries. Governance costs include costs &ssociated with rn¢eting the constitutional and statutory requirements of the charity and are part of the charity's activities, Expenditure is allocaLed to expense headings on a direct cost bas1S. (e) TANGIBLE FD(ED ASSETS TangLble assets are stated at cost less depreciation. Depreciation is pi'ovided on all tangible fixed assets at i'&tes calculated to write-off the costs less estirnated r¢sidual value of eh V&sset evenly over their expected useful lives as follows.. Fixtures and Fittings - 250/0 StraIgt Line Tlie Trustees have adopted a policy that only items iii excess of £,1000 are to be capÈtalised, OThIER INCO 'rotal Total Unrestricted Unresti'icted 2025 2024 Photograph commission Sponsor¢d Walk Easy Fundraising Christmas hamper Children's uniform sales School outing collections Other fundraising GiftAid Sutnn]er Fayre 22 793 44 1,010 16 57 318 153 78 147 296 511 1.13 984 512 1,933 3,121
THE CYGNETS MILTON PRE-SCHOOL FINANCIAL STATEMENTS FOR T14E YEAR ENDED 3 1ST AUGUST 2025 NOTES TO THE FINANCIAL STATEIWENTS BXPENDITURE ON CHARITABLE ACTIVITIES Total Total Unrestricted Unrestricled 2025 2024 Staff costs (llote 4) Ilaining costs Other staff costs Payroll services Materials aL]d activity supplies New equipment , Boolos, Toys EYPP expenditure Sununer Fayre ¢xpenditure E&ster FayTe expenditure Milk and snacks DeprivatÉon Rent Utility Costs Waste disposal Cleaning costs Repairs &nd maintenance Other School runnillg costs Photocopying, stationery aiid postage IT and website costs Telephone and internet Insurance and registration fee5 Accountancy School outing Sports day Unifomi Ban1( cELarges Entertaintnent costs Depreciatiou of fixtures and fittings 197,17k 217 162 1,551 1,611 1,859 1,729 41 173,264 485 133 L,497 1,475 743 471 117 37 16 999 3,041 746 4,878 3,496 3,239 1,293 1,156 55 1,12 1,218 53 45 999 2,579 967 4,824 2,747 129 322 876 1.260 370 io 320 250 117 2,408 252 110 2,407 228,73 5 198,883 STAFF COSTS No remuneration was paid to any of the TNstees in the ycar, nor were any expenses reimbursed to them, 2025 2024 Salaries and wages (including social security and other taxes) Employers Pellsion 192,023 5,148 197,171 169,017 4,24'1 173,264 The average number of employees dui'ing the year was 14 (2024.. 13). No meinber of staff earned more tban £60.000. The ktsy man&gement peisonnel of tkn charity comprise the Board of Trustees who give their lime freely.
THE CYGNETS MILTON PRE-SCHOOL PAGE 8 FANCIAL STATEMFNFS FOR THli YEAR ENDED 31 ST AUGUST 2025 NOTES TO THE FINANCIAL ST'ATEMBTrrrs TANGIBLE FIXED ASSBTS CUIiRENT YEAR COST Balance &t 1st September 2024 and at 31 August 2025 DEPRECIATION Balan¢e at I st September 2024 Charge for the year Balance at 3 1st August 2025 NBT BOOK VALUE AT 31ST AUGUST 2025 Fixtures and rittings 9,629 7,221 2,408 9,629 TANGIBLE FIXF.D ASSETS PRIOR YEAR COST BaJaTrce at 1st September 2023 and at 31 August 2024 DEPRECIATION Ba]ance at I st September 2023 Charge for the year Balance at 3 1st August 2024 NET BOOK VALUE AT 31 ST AUGUST 2024 rixtures and Fittings 9,629 4,814 2,407 7,221 2,408 DF.BTORS AND PREPAYMENTS 2025 2024 Pi'ep&yLnent5 2,562 2,452 CREDITORS 2025 2024 Trade creditor5 Taxation ld social security Accruals and deferred income 1,289 1,884 39,402 1,277 1,695 39,449 42,421 42,575 ACCUNIULATED FtrNDS Year ended 3 1st August 2025 Bal]ce at I st S¢ptetnber 2024 Balance at 3 1st August 2025 Income Expenditure Unrestricted funds 65,068 234,252 (228,735) 70,585 ACCUIN(ULATED FUNDS Year ended 3 1st August 2024 Balance at 1st September 2023 Balance at 31 st August 2024 Income Expenditure Unr¢stricted funds 48,301 215,650 (198,883) 65,068 RELATED PARTIES There were no related party tran$tiOnS during the year (2024.. noiie). Fee income from one Trustee was received, for a child attending the pre-school. This was charged at market rate,