2022-03-31-accounts

Charity registration number 1174220

Company registration number 10892952 (England and Wales)

THE LOG CABIN CHARITY

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

PAGES FOR FILING WITH REGISTRAR

THE LOG CABIN CHARITY

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	J M Davis
	R Palfreeman
	H A Johnson
	W R Hardman
	R K Sangha	(Appointed 1 February
		2022)
Secretary	J M Davis
Charity number	1174220
Company number	10892952
Registered office	259 Northfield Avenue
	Ealing
	London
	W5 4UA
Independent examiner	Clarke & Co
	Acorn House
	33 Churchfield Road
	London
	W3 6AY
Bankers	HSBC Bank Plc
	PO Box 260
	46 The Broadway
	Ealing
	London
	W5 5JR

THE LOG CABIN CHARITY

CONTENTS

	Page
Trustees report	1 - 4
Independent examiner's report	6
Statement of financial activities	7 - 8
Summary income and expenditure account	9
Balance sheet	10 - 11
Statement of cash flows	12
Notes to the financial statements	13 - 25

THE LOG CABIN CHARITY

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The Trustees present their annual report and financial statements for the year ended 31 March 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Associations, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The Log Cabin Charity provides inclusive adventure play and short breaks for children and young people aged 4 to 15 from the London Borough of Ealing, and is primarily for children with additional needs, disabilities or who are in need. The variety of facilities offered on The Log Cabin Charity site includes a large playground with a water play feature, a multi-use ball games area and quieter outdoor areas such as a sensory garden and raised gardening areas. Indoors are a large hall, computer-controlled multi-sensory room, large, bright arts and craft room, a games room, a quiet room and a calm room. It is open for fifty weeks of the year six days a week.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Mission Statement

The Log Cabin Charity aims to make a positive difference to the lives of children and young people who have additional needs or disabilities or are in need by providing exciting and stimulating play opportunities in a safe , caring , inclusive and fun environment.

Achievements and performance

The results for the year are set out on pages 7 to 25.

In August 2017 the Log Cabin Charity merged the activities, assets and ongoing obligations of "The Log Cabin", charity number 275183. The Log Cabin Charity has continued the good work of its predecessor by providing a range of activities for children, primarily with additional needs and disabilities.

Although strict Covid restrictions ended in July 2021, the variants of Covid and infection rates are still high. The charity continues to be vigilant and adhere to strict infection prevention and control safety measures.

We continue work supporting families by providing a range of activities for the most vulnerable children , primarily those with additional needs and disabilities.

We experienced considerable challenges in responding to the ongoing crisis, seeing rising demand for services, particularly for some of the most challenging children and young people who found both lockdown and post lockdown difficult which had a definite impact on service. Through our efforts we believe we've been able to make a positive difference to children and young people with SEND.

From September 2021 to March 2022, we extended our Saturday provision to two sessions, morning and afternoon, to accommodate the rising need for services. During the year in addition to our usual services we ran HAF (Holiday Activity and Food Programme) projects. The minibuses which transport the children and young people to and from the Log Cabin have been replaced with newer models.

We will continue to provide effective support to children, young people and families, focusing on meeting their needs and how we can expand our services and better support them on our path to a sustainable future.

• 1 -

THE LOG CABIN CHARITY

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Financial review

In this financial year the charity continued to receive restricted grants from BBC Children in Need, John Lyon's Charity, London Borough of Ealing and the National Lottery Fund. There were also a few small grants from local charities as well as donations from supporters. The year end surplus was £184,276.

The uplift to income enabled us to make the initial move towards paying the permanent staff the London Living Wage hourly rate from April 2021. The uplift was completed in July 2022 and all staff now receive the London Living Wage.

It also enables us to set up reserves which form part of our contingency plan as well as start building reserves towards the cost of renovating the now dilapidated playground.

General Policies

The policies of the Trustees are to ensure The Log Cabin Charity operates in accordance with the rules laid down in its Memorandum and Articles of Association and within that context in accordance with its stated mission. More particularly the Trustees' aims are: -

• providing high quality services, such as holiday play schemes, an after school club, Saturday club sessions for older young people.

• empowering children to make informed choices and to gain a sense of achievement and self-respect;

• providing opportunities for children to develop socially, physically, intellectually, creatively and emotionally;

• developing positive relationships with, and working partnerships with parents/carers, schools, the local community and other organisations;

• ensuring equality of opportunity for children who use the services and for the staff and volunteers;

• improving the welfare of families who have a child or children with additional needs by providing affordable childcare and short breaks for children and their parents/carers; and

• offering an inclusive service, integrating special needs and mainstream children in all activities and encouraging social interaction between all children, regardless of ability.

Reserve Policy

Subject to everyday current requirements, all monies held at the bank are available for charitable purposes in accordance with the objects and policies of the charity.

The Trustees aim to maintain free reserves in unrestricted funds at a level that equates to approximately three months of unrestricted charity expenditure. The current level of reserve meet this objectives.

The playground which is the sole responsibility of the charity is in need of major renovation within the next 12 months. We have started fundraising for this project but it is very likely that the charity will have to contribute substantially and as such we hold some of the surplus towards this.

We will continue to build upon our existing links with local businesses from which we have received generous support in the past, as well as developing new contacts in the local community.

Principal Grant Funding

Principal grant funding is negotiated with the London Borough of Ealing.

• 2 -

THE LOG CABIN CHARITY

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Investment Policy and Objectives

The charity has no surplus funds available for investing at present.

The Trustees are not currently considering investing due to the lack of adequate, regular and sustainable funding. Should surplus funds become evident then the Trustees will follow the law applicable to Trustees in such circumstances. Independent financial advice will always be obtained before making any investment. Investments held are legacy endowment funds.

Risk Management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Trustees have assessed the major risks to which the charity is exposed and have put systems in place to mitigate their exposure to such risks.

Specific risk

The charity has limited control over rent, rates, utility and service charges due to the London Borough of Ealing, including building and grounds maintenance, which are apportioned by LBE to users of the premises. The charity currently receives a rent subsidy and discretionary rate relief, but this is not guaranteed. The charity receives a grant from the London Borough of Ealing towards core costs but this is not guaranteed.

Similarly, a few major funders have provided continuous restricted grants in the past two to three years but those too are not guaranteed to continue.

Structure, governance and management

The Log Cabin Charity was incorporated on 1st August 2017 as a company limited by guarantee. It operates under the name "The Log Cabin Charity". The company is governed by its Memorandum and Articles of Association.

Other detailed information as required by SORP is shown on page 1 of the financial statements.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

L R Thomas-Buttigieg (Resigned 26 April 2021) J M Davis R Palfreeman H A Johnson W R Hardman R K Sangha (Appointed 1 February 2022)

Organisational Structure

The Log Cabin Charity is run by a Management Committee of 5 Trustees (but not more than 15). Up to 5 members within this total may be co-opted at a special management committee meeting.

The Board of Trustees meets six times a year. The Head of Service and the Fund Raising Manager also attend the

meetings.

Sub-committees, made up of Trustees and appropriate staff members, focus on finance and strategic planning, marketing and PR, human resources/remuneration and premises/health and safety.

• 3 -

THE LOG CABIN CHARITY

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Trustee Induction and Training

Training is given on what is expected of the Trustees under charity law, in particular acting as a Trustee, management and governance and strategic planning.

After obtaining enhanced DBS clearance new Trustees are inducted into the workings of the charity, including the policies and procedures of the Management Committee.

Disclosure of Information to the Independent Examiner

Each of the Directors has confirmed that there is no information of which they are aware which is relevant to the accounts but of which the Independent Examiner is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the Independent Examiner is aware of such information.

The Trustees report was approved by board of Board of Trustees and was signed by the secretary on behalf of the board of trustees.

J M Davis Secretary

14 December 2022

• 4 -

THE LOG CABIN CHARITY

STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022

The Trustees, who are also the directors of The Log Cabin Charity for the purpose of company law, are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

• 5 -

THE LOG CABIN CHARITY

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE LOG CABIN CHARITY

I report to the Trustees on my examination of the financial statements of The Log Cabin Charity (the charity) for the year ended 31 March 2022.

Responsibilities and basis of report

As the Trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity ’ s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity ’ s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

• 2 the financial statements do not accord with those records; or

• 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

• 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Clarke & Co

M.T. Stower FCA

Acorn House 33 Churchfield Road London W3 6AY

Clarke & Co. Chartered Accountants

Dated: 14 December 2022

• 6 -

THE LOG CABIN CHARITY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Current financial year Unrestricted Restricted Endowment funds funds funds 2022 2022 2022 Notes £ £ £ Income and endowments from: Donations and legacies 3 566,603 313,098 - Other trading activities 4 2,436 - - Investments 5 29 - - Other Income - London Borough of Ealing 6 16,834 - - Total income 585,902 313,098 - Expenditure on: Raising funds Fundraising and publicity 7 4,851 - - Charitable activities 8 397,858 313,098 - Total expenditure 402,709 313,098 - Net gains/(losses) on investments 11 - - 1,083 Net movement in funds 183,193 - 1,083 Fund balances at 1 April 2021 200,529 - 62,447 Fund balances at 31 March 2022 383,722 - 63,530	Total 2022 £ 879,701 2,436 29 16,834 899,000 4,851 710,956 715,807 1,083 184,276 262,976 447,252	Total 2021 £ 718,091 1,305 13 9,790
		729,199
		741
		533,889
		534,630
		5,906
		200,475 62,501
		262,976

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

• 7 -

THE LOG CABIN CHARITY

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Prior financial year Unrestricted Restricted Endowment funds funds funds 2021 2021 2021 Notes £ £ £ Income and endowments from: Donations and legacies 3 532,854 185,237 - Other trading activities 4 1,305 - - Investments 5 13 - - Other Income - London Borough of Ealing 6 9,790 - - Total income 543,962 185,237 - Expenditure on: Raising funds Fundraising and publicity 7 741 - - Charitable activities 8 348,652 185,237 - Total expenditure 349,393 185,237 - Net gains/(losses) on investments 11 - - 5,906 Net movement in funds 194,569 - 5,906 Fund balances at 1 April 2020 5,960 - 56,541 Fund balances at 31 March 2021 200,529 - 62,447	Total 2021 £ 718,091 1,305 13 9,790
	729,199
	741
	533,889
	534,630
	5,906
	200,475 62,501
	262,976

• 8 -

THE LOG CABIN CHARITY

SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

All income funds 2022 £ Gross income 899,000 Total expenditure from income funds 715,807 Net income for the year 183,193	2021 £ 729,199 534,630
	194,569

• 9 -

THE LOG CABIN CHARITY

BALANCE SHEET

AS AT 31 MARCH 2022

Notes Fixed assets Tangible assets 12 Investments 13 Current assets Debtors 14 Cash at bank and in hand Creditors: amounts falling due within one year 16 Net current assets Total assets less current liabilities Capital funds Endowment funds - general 18 Income funds Unrestricted funds Designated funds 19 General unrestricted funds	2022 £ 9,675 398,891 408,566 (70,267) 333,000 50,722	£ 45,423 63,530 108,953 338,299 447,252 63,530 383,722 447,252	2021 £ 68,684 216,106 284,790 (92,745) - 200,529	£ 8,484 62,447
				70,931 192,045
				262,976
				62,447 200,529
				262,976

• 10 -

THE LOG CABIN CHARITY

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2022

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 14 December 2022

J M Davis W R Hardman Trustee Trustee

Company registration number 10892952

• 11 -

THE LOG CABIN CHARITY

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

Notes Cash flows from operating activities Cash generated from operations 22 Investing activities Purchase of tangible fixed assets Investment income received Net cash used in investing activities Financing activities Repayment of bank loans Net cash used in financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year	2022 £ (50,145) 29 (1,139)	£ 234,040 (50,116) (1,139) 182,785 216,106 398,891	2021 £ (4,630) 13 (401)	£ 185,229 (4,617) (401) 180,211 35,895 216,106

• 12 -

THE LOG CABIN CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

The Log Cabin Charity is a private company limited by guarantee incorporated in England and Wales. The registered office is 259 Northfield Avenue, Ealing, London, W5 4UA.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “ The Financial Reporting Standard applicable in the UK and Republic of Ireland ” ( “ FRS 102 ” ) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

• 13 -

THE LOG CABIN CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset ’ s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment 20% Straight Line Motor vehicles 20% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘ Basic Financial Instruments ’ and Section 12 ‘ Other Financial Instruments Issues ’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

• 14 -

THE LOG CABIN CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity ’ s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee ’ s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity ’ s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

• 15 -

THE LOG CABIN CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

3 Donations and legacies

Unrestricted Restricted funds funds 2022 2022 £ £ Donations and gifts 21,503 - Government and other organisational grant 42,573 313,098 After school club and children play scheme fees 502,527 - 566,603 313,098 Donations and gifts Individual and organisational donations 21,503 - 21,503 - Grants receivable for core activities London Borough of Ealing Grant - 31,900 Other restricted Grant - 281,198 Coronavirus Job Retention Scheme Grant - - Other Grant 42,573 - 42,573 313,098	Total Unrestricted Restricted funds funds 2022 2021 2021 £ £ £ 21,503 26,305 - 355,671 42,686 185,237 502,527 463,863 - 879,701 532,854 185,237 21,503 26,305 - 21,503 26,305 - 31,900 - 31,900 281,198 - 153,337 - 42,686 - 42,573 - - 355,671 42,686 185,237	Total 2021 £ 26,305 227,923 463,863
		718,091
		26,305
		26,305
		31,900 153,337 42,686 -
		227,923

4 Other trading activities

	Unrestricted	Unrestricted
	funds	funds
	2022	2021
	£	£
Hall lettings	2,436	1,305

• 16 -

THE LOG CABIN CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

5 Investments

6 7	Unrestricted Unrestricted funds funds 2022 2021 £ £ Interest receivable 29 13	Unrestricted Unrestricted funds funds 2022 2021 £ £ Interest receivable 29 13	Unrestricted Unrestricted funds funds 2022 2021 £ £ Interest receivable 29 13
	Other Income - London Borough of Ealing
	Unrestricted Unrestricted funds funds 2022 2021 £ £ Other income 16,834 9,790 Raising funds Unrestricted Unrestricted funds funds 2022 2021 £ £ Fundraising and publicity Advertising 4,851 741 4,851 741
			741

• 17 -

THE LOG CABIN CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

8 Charitable activities

Running and maintaining children's recreational activities Depreciation and impairment 2022 2022 £ £ Staff costs 578,732 - Depreciation and impairment - 13,205 Direct charitable activities cost 86,902 - 665,634 13,205 Share of support costs 27,317 - Share of governance costs 4,800 - 697,751 13,205 Analysis by fund Unrestricted funds 384,653 13,205 Restricted funds 313,098 - 697,751 13,205	Total 2022 Running and maintaining children's recreational activities Depreciation and impairment 2021 2021 £ £ £ 578,732 463,214 - 13,205 - 3,894 86,902 21,145 - 678,839 484,359 3,894 27,317 41,016 - 4,800 4,620 - 710,956 529,995 3,894 397,858 344,758 3,894 313,098 185,237 - 710,956 529,995 3,894	Total 2021 £ 463,214 3,894 21,145
		488,253 41,016 4,620
		533,889
		348,652 185,237
		533,889

9 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity charity during the year (2021 - Nil).

10 Employees

The average monthly number of employees during the year was:

Office and management Operational Total	2022 Number 5 32 37	2021 Number 5 28
		33

• 18 -

THE LOG CABIN CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

10 Employees Employment costs Wages and salaries Social security costs Other pension costs	(Continued) 2022 2021 £ £ 553,066 441,611 19,380 16,008 6,286 5,595 578,732 463,214	(Continued) 2022 2021 £ £ 553,066 441,611 19,380 16,008 6,286 5,595 578,732 463,214
		463,214

There were no employees whose annual remuneration was more than £60,000.

11 Net gains/(losses) on investments

	Endowment	Endowment
	funds	funds
	general	general
	2022	2021
	£	£
Revaluation of investments	1,083	5,906

12 Tangible fixed assets

Plant and equipment Motor vehicles £ £ Cost At 1 April 2021 138,259 69,060 Additions 8,322 41,823 At 31 March 2022 146,581 110,883 Depreciation and impairment At 1 April 2021 129,776 69,060 Depreciation charged in the year 3,380 9,825 At 31 March 2022 133,156 78,885 Carrying amount At 31 March 2022 13,425 31,998 At 31 March 2021 8,483 1	Total £ 207,319 50,145
	257,464
	198,836 13,205
	212,041
	45,423
	8,484

13 Fixed asset investments

• 19 -

THE LOG CABIN CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

13 Fixed asset investments Cost or valuation At 1 April 2021 Valuation changes At 31 March 2022 Carrying amount At 31 March 2022 At 31 March 2021 14 Debtors Amounts falling due within one year: Trade debtors Prepayments and accrued income 15 Loans and overdrafts Bank loans Payable within one year 16 Creditors: amounts falling due within one year Notes Bank loans 15 Other taxation and social security Deferred income 17 Trade creditors Accruals and deferred income

(Continued) Unlisted investments £ 62,447 1,083 63,530 63,530 62,447 2022 2021 £ £ 7,407 68,684 2,268 - 9,675 68,684 2022 2021 £ £ - 1,139 - 1,139 2022 2021 £ £ - 1,139 66 10,061 34,091 44,091 30,104 31,567 6,006 5,887 70,267 92,745

• 20 -

THE LOG CABIN CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

17 Deferred income

Other deferred income	2022 £ 34,091	2021 £ 44,091
Deferred income is included in the financial statements as follows:
2022 £ Deferred income is included within: Current liabilities 34,091 Movements in the year: Deferred income at 1 April 2021 44,091 Released from previous periods (44,091) Resources deferred in the year 34,091 Deferred income at 31 March 2022 34,091		2021 £ 44,091
		- - 44,091
		44,091

18 Endowment funds

Endowment funds represent assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

	Balance at	Revaluations	Balance at	Revaluations	Balance at
1	April 2020	gains and	1 April 2021	gains and	31 March 2022
		losses		losses
	£	£	£	£	£
	56,541	5,906	62,447	1,083	63,530
	56,541	5,906	62,447	1,083	63,530

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THE LOG CABIN CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

19 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

	Movement		Movement
	in funds		in funds
	Incoming	Balance at	Incoming	Balance at
	resources	1 April 2021	resources	31 March 2022
	£	£	£	£
Running cost	-	-	183,000	183,000
Playground development	-	-	150,000	150,000
	-	-	333,000	333,000

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* ¢0 co W75ty

THE LOG CABIN CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

21 Related party transactions

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

The Log Cabin Charity provides 'out of school' services to children on premises and land leased from the London Borough of Ealing. The charity's work and facilities enable the Borough to fulfil its legal obligation to provide such facilities for children with special needs. The Log Cabin Charity received a basic grant of £31,900 (2021 -31,900) towards core funding ; £17,859 (2021 - £25,376) for special children care services ; £49,600 for holiday activity and food (HAF) programme and £16,589 for cleaning, repairs and maintenance services from the London Borough of Ealing.

In addition the Borough paid attendance fees where parents are entitled to free provision of after-school club and play scheme services totalling £463,694 (2021 - £443,614).

Trustee Helen Johnson is also a committee member of the local residents' association which holds meetings at The Log Cabin, for which they pay a rental fee.

22	Cash generated from operations		2022	2021
			£	£
	Surplus for the year		184,276	200,475
	Adjustments for:
	Investment income recognised in statement of financial activities		(29)	(13)
	Fair value gains and losses on investments		(1,083)	(5,906)
	Depreciation and impairment of tangible fixed assets		13,205	3,894
	Movements in working capital:
	Decrease/(increase) in debtors		59,010	(17,416)
	(Decrease) in creditors		(11,339)	(39,896)
	(Decrease)/increase in deferred income		(10,000)	44,091
	Cash generated from operations		234,040	185,229
23	Analysis of changes in net funds
		At 1 April 2021	Cash flowsAt 31 March 2022
		£	£	£
	Cash at bank and in hand	216,106	182,785	398,891
	Loans falling due within one year	(1,139)	1,139	-
		214,967	183,924	398,891

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THE LOG CABIN CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

24 Mergers

At 1st April 2018 The Log Cabin Charity assumed the activities of "The Log Cabin", a registered charity with similar objectives. The transaction has been treated as a merger in accordance with the guidance offered by SORP "Accounting and Reporting by Charities" the Statement of Recommended Practice for Charities applying FRS102.

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