CYGNETS (WHELNETHAM)

Registered charity 1107009 · accounts filings on the Charity Commission register · also known as CYGNETS

Provides high quality wraparound childcare for children aged from 2 years 9 months to 11 years.

Objects

THE AIMS OF THE PRE-SCHOOL ARE TO ENHANCE THE DEVELOPMENT AND EDUCATION OF CHILDREN PRIMARILY UNDER STATUTORY SCHOOL AGE BY ENCOURAGING PARENTS TO UNDERSTAND AND PROVIDE FOR THE NEEDS OF THEIR CHILDREN THROUGH COMMUNITY GROUPS AND BY:(A) OFFERING APPROPRIATE PLAY, EDUCATION AND CARE FACILITIES, FAMILY LEARNING AND EXTENDED HOURS GROUPS, TOGETHER WITH THE RIGHT OF PARENTS TO TAKE RESPONSIBILITY FOR AND TO BECOME INVOLVED IN THE ACTIVITIES OF SUCH GROUPS, ENSURING THAT SUCH GROUPS OFFER OPPORTUNITIES FOR ALL CHILDREN WHATEVER THEIR RACE, CULTURE, RELIGION, MEANS OR ABILITY;(B) ENCOURAGING THE STUDY OF THE NEEDS OF SUCH CHILDREN AND THEIR FAMILIES AND PROMOTING PUBLIC INTEREST IN AND RECOGNITION OF SUCH NEEDS IN THE LOCAL AREAS;(C) INSTIGATING AND ADHERING TO AND FURTHERING THE AIMS AND OBJECTS OF THE PRE-SCHOOL LEARNING ALLIANCE.

Area of benefit: NOT DEFINED. IN PRACTICE SUFFOLK.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Economic/community Development/employment · website · Get email alerts

Latest income
£116k
Latest spending
£94k
Registered
2004
Accounts read
FY2024

Financial health, per its FY2024 accounts

The charity reported a net expenditure of £14,961 for the year, resulting in a decrease in unrestricted funds from £48,849 to £70,611? No, the funds increased from £48,849 to £70,611 due to incoming resources of £115,850 against expenditure of £94,088. Wait, the Statement of Financial Activities shows Net Income/(Expenditure) as (14,961) which is a deficit, but the reconciliation shows Total Funds Carried Forward as 70,611 vs 48,849. Let's re-read carefully. Page 3: Net Income/(Expenditure) is (14,961). Total Funds Brought Forward is 48,849. Total Funds Carried Forward is 70,611. This implies a positive movement of 21,762. The (14,961) is likely a typo in my reading or the document structure is complex. Let's look at Page 8: Net movement in funds is 21,762. Incoming resources 115,850. Expenditure 94,088. 115,850 - 94,088 = 21,762. So the charity had a surplus. The 'Net Income/(Expenditure)' line on Page 3 showing (14,961) seems to refer to the prior year or is misaligned. Page 11 shows Net income/(expenditure) as (14,961) for 2023. For 2024, it is not explicitly summed in the detailed statement but the movement is positive. The charity holds unrestricted reserves of £70,611. The trustees confirm the charity is in a strong financial position and prepared on a going concern basis.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

In its annual return the charity told the Commission it is also regulated by: Ofsted (Office For Standards In Education). This is the charity’s own declaration; it is not a rating and has not been verified by the Commission or by this site.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Public profiles (found on the charity’s own website): facebook

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Suffolk

Income and spending

Financial year endIncomeSpending
31/12/2024£116k£94k
31/12/2023£65k£80k
31/12/2022£73k£89k
31/12/2021£84k£89k
31/12/2020£83k£82k

Common questions

Is CYGNETS (WHELNETHAM) financially healthy?

Per its FY2024 accounts: The charity reported a net expenditure of £14,961 for the year, resulting in a decrease in unrestricted funds from £48,849 to £70,611? No, the funds increased from £48,849 to £70,611 due to incoming resources of £115,850 against expenditure of £94,088. Wait, the Statement of Financial Activities shows Net Income/(Expenditure) as (14,961) which is a deficit, but the reconciliation shows Total Funds Carried Forward as 70,611 vs 48,849. Let's re-read carefully. Page 3: Net Income/(Expenditure) is (14,961). Total Funds Brought Forward is 48,849. Total Funds Carried Forward is 70,611. This implies a positive movement of 21,762. The (14,961) is likely a typo in my reading or the document structure is complex. Let's look at Page 8: Net movement in funds is 21,762. Incoming resources 115,850. Expenditure 94,088. 115,850 - 94,088 = 21,762. So the charity had a surplus. The 'Net Income/(Expenditure)' line on Page 3 showing (14,961) seems to refer to the prior year or is misaligned. Page 11 shows Net income/(expenditure) as (14,961) for 2023. For 2024, it is not explicitly summed in the detailed statement but the movement is positive. The charity holds unrestricted reserves of £70,611. The trustees confirm the charity is in a strong financial position and prepared on a going concern basis. Its FY2024 accounts were independently examined.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
UK government07/08/2020£2kCoronavirus Community Support Fund
The National Lottery Community Fund16/06/2005£5kNew toilet facilities