REGISTERED CHARrrY NUMBER: 1178790 REPORT OP ThE TRUSTEES AND iINAUDITED FINA14CIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 FOR FENLAND BLACK OAK CZO Gibbons Mannlngton & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye Ea* Sussex TN31 7U FENLAND BLACK OAK CIO CONTE14TS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Pa9• Report of the Tru*t•e• I to 3 Indewnd•nt Ex•mln•r'• Rwbrt ststem•nt ol Fln•ncl•l Acll¥ltle# Not•• to the Pln•nel•l St•tem•nts 7 to 11 D￿•lIed St•t•m•nt of FlTh•n¢4*1 A¢ll¥llO 12 FeNLAND BLACK OAK CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AIIGUST 2021 The trustees present thelr report with the financjal statements of the chartty for the year ended 31 August 2021. The trustee5 have adopted the pyovtslors of AccounYng at)d Reportlng by Charltles.. ststement of Retommended Practlce appllcable to charities preparlng thelr accounts in attordance with the Flnandal Reportlng Standard applicable in the UK and Republic of Ireland {FRS 1021 leffectlve I January 20191. OBJECTIVES ANO Acrrvmts ObJe¢tlve• and alm• The oblectlves and alms of the thortty are: - to preserve and promote the hedtsge and hI￿ort(al Importan￿ of the lubllee oak and fenland black oak more generally by craftlng ? lubllee oak tabk ensudng that the resu￿1n} WO￿ of crJftsmanshlp 1$ dlsplayed to the putAIc; - to promote and ralse awareness, rtsearth and knowledge re￿lIng to the lubllee oak Jnd all matters relatlng to or assoclatsd wlth the formatlon. hbtory and conservatlon of fenland blad( oak In suth w)y$ as the trustees deern approprfate: - to advan￿ the educatlon and tralrdng In the crafts of carpentry and Jolnery assodated wth preservln9 and worklng wlth fenland black oak. SIOn￿￿tht *rti￿t￿• In 2012 41n enorrnws 5.300 year-okj tree trunk wJ5 unearthed aThl exc4vated In the East Angllan Fens, The distt*very presented an opportunlty to preserve thls and use It to make a unlque 13.2 metre long table and glft It to the nation. At1dltlonalty, rt would also serve to hlghllght the Importance of farmers preservlng the dwlndllng supplles of Ihls r•r¢st of natlve hardwoods and to cast 119ht for fvture generatlons on the anclent hlgh ft•rests of Fenland 8rltaln of 3.300 BC. The Fenland Black Oak Projed would also servt •$ 4 trnlnlng èr*d ￿L￿0very expede￿e for the next generatlon ol master traft men and women. Accordlngly the th•rlty was I￿nded to put th* Into effett and to enable a tearn of dedlcated. skllled ¢raft5rnen to turn thls unlque plece of Black Oak Into a table for the natlon. Publlc ben•lft The trustèes ￿n￿rnI th•t they have cornplled wlth thelr duty to have du* regard to the Chartty Commlsslon's publlc beneflt guldance when exerdslng Jny powers or dutles to whlth the 9uldance Is relevant. ACHIEVEMENT AND PERFORMANCE ChArlt•ble •¢tlvltl¢• Following the estsbllshment of the Charttable trust In June 2018 a team of trustees wlth wlde and varled skllls was recrulted. These trustees Included a master cabinet maker, a farmer, a collegé prfndpal, lowyer, an accountant, an admlnlstrntor Jnd a film maker. Addltlonally, the chadty ho5 attrncted conslderable goodwlll and been helped by partldpation and 5ervlces from many companles and IndI￿d￿al$ around the world. As reported prevlously the orfiglnal oak log was ralsed from the gmund In 2012 the table top Fabricated, whlch was completed In August 2019. Tht last year has been cornpletlfig the de51gn of an under*truciure that Twould be fittlng for th1$ unlque table top. This design has now been completed In patinated bronze uslng fully resolved and calculated structural drawlngs by englneer5 spedallzlng In suth struciures and has been fijlly costed. The trustees have now ralsed the funds to enable the under-sinjrture to be fabrit4ted and the table completed. as well as funds to facilltate a comprehertsive historlcal and edueabonal display to accompany the table. The fabrication of the understructure 15 now under way and ts expected to be completed in the fiwst quarter of 2022. In addition to the proposed dlsplay of the table at Ely Cathedral. the Trust Is In a(tlve dialogue wlth other destinatlons to house the table. Poge I FENLAND BLACK OAK CZO Rf PORT OF THE TRUSTEES FOR THE YEAR EP4DEO 31 AUGiIST 2021 FINANCIAL REVXEW rin•n¢ial posltlon In Ihe period under revlew the chadty hos raised £81,810 In donatlons and has recelved the beneflt of servltrs (such as storage and fabricaty.on works) amounting to a value of £15,468. These funds have been used In the design and prototype of the ￿nde￿trUCtt1re and stornge of the table top, leavlng a balance of £78,974 when added to the reseryes brou9ht forward. At the pe￿0d ¢nd the cash balance of £80,810 was suffident to cover the chartty's Ilats"lities. The trvstees are confldent that sufflclent funds have been rnlsed to enable the understructure to be bullt wlthln the next twelve months, and the table completed. R•*•nr•• polkv The purpose ol the charlty Is to ralse sijffident funds to bulld the table, whlch once bullt wlll be glfted to the natlon. Costs are only Incurred when the fvnds have been raised, so the trustees do not con51der It necessary to malntaln reserves. Accordingty, the level of reserves at the end tyf the pertod Is an amount of £78,974 whlch has alreody been earmarked ft*r expendlture. STRUCTURE, GOVERNANCE AND MANAGEMENT Go¥¢rnlng dIx￿m•nI The charlty Is controlled by Its govemlng doojmenty a constltutjon adopted upon reglstratlon as Charltsble Incorporated Organlsatlon {CIO). R•¢rulim•nt •nd •ppolTrtm•nt oe n•w tru•tM• Apart from the flrsi charlty trustees, every trustee must be Jppolnted for a tenn of th￿e yeJr5 by resolutlon passed 4t J prt*perly convened Mee￿ng of the charlty trustees. In selectlng Indlvlduals for appolntrnent as charlty trustees. the thartty trustees must have regard to the skllls, knowledge and expertence needed lor the effertlve admlnlstratloft of the CIO. REFERENCE AND ADMINiSTRAnve DETAILS R¢gl•t•r•d Ch•rlty numb•r 1178790 Prlnclp•l •ddM Adamson & Low The Old Plggery Cuckoo Lane, 8renchley Tonbrldge Kent TN12 7HX H Low {ChJir) S Butler-Gallle L Conway Mrs A King G P Shropshlre P R F Slmpson page 2 FENLA14D BLACK OAK Cfo REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGU￿ 2021 REFERENCE AND AD14YNISTRATIVE DETAILS Independent Examlner Glbbons Mannlngton & Phlpps LLP Chartered Accountants Landgate Charnber5 24 Landgate Rye East sussex TN31 7U Approved by order of the board of trustees on .. by: .13..ylpA...￿..￿￿.... and slgnèd on Its behalf H Low - Trustee Page 3 INDEPENDENT EXAMINER'S REPORT TO THE TRVSTEES OF FENLAND BLACK OAK CIO Xndependent •xaminer'# r•port to the trU*te¢s of Fenl•nd Bl•d( O*k CIO I report to the charity trustees on my examlnation of the occounts of Fenland Blèck Oak CIO (the Trust) for the year ended 31 August 2021. Rupondbllltles and bas1* of rnport As the charlty trustees of the Trust you are responslble for the preparatlon of the accounts In accordance wlth the requirements of the Charlties Act 2011 {'the Arti. I report In ￿SpeCt of my examlnauon of the Trusvs attounts camed out under sertltsn 145 of the Act and in carrylng out my examlnatlon I have followed all Jppllcable Directlors glven by the Charlty Comm155ron under sectlon 1451Sllbl of the Art. Indepwderkt examlner'• •tstem•nt I have completed my examlnatlon. I tonflnn that no materlal rnatters have come to my attentlon In connectlon wlth the ex•mlnatlon glvlng me cause to belleve thot In any materlal respeLt'. accounyng records were not kept In respert of the Trust a5 requlred by 5cttlon I30 of the Act. or the a£coun15 do not accord wlth those records. or the accounts do not comply wlth the appllcable requlrements coneemlng the form and content of accounts set out In the ChJrltles (Accounts and Reports) Regulatlons 2008 other than any requlrernent that the occounts 9lve a true and falr vlew whlch Ls not a matter consldered as Part of an Independent examlnation. I have no concerns and have come across rn other matters In connethon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enabbe J proper understandlng of the accounts tt* be reached. K M Luck FCA Mr K M Luck FCA Glbbons Mannlngton & Phlpps LLP Chartered Accountants Landgate Chambers 24 Landgare Rye east Sussex TN31 7U Date.. 28 April 2022 FENLAIID BLACK OAK CIO STATEMENT OF FINANCIAL ACTIVMES FOR THE YEAR ENDED 31 AUGUST 2021 2021 Tot•1 fund• 2020 Totol funds Unrestrlcted Restrtcted fund fund Notes XNCOME AND ENDOWMEIIts FROM Donatlon5 and legacles 81.810 15.468 97,278 22,213 EXPENDrnIRE ON Ralan9 funds 398 2,515 Ch•rltable •rtlvlti•• Jubllee 81ack Oak Prolert 10.568 15,468 26,036 11,760 Total 10.966 15.468 26,434 14,275 NET INCOME 70 70,844 7,938 RECONCIUATION QV FUNDS Totsl fuDd• brought f0Th￿r￿ 0.130 8,130 192 TOTAL FUNDS CARRZED FORWARD 78,974 78,974 8,130 The fcfin part of these finornial statemaits FENLAMD BLACK OAK CIO BALANCE SHEET 31 AUGUST 2021 2021 Total 2020 Total funds Unrestrlcted Restrlrted fiJnd fvnd Notes CURRENT ASSETS Debtors Cash at bank 625 13.363 80.810 80,810 80,810 80,810 13,988 CREDITORS Amounts falllng due wlthln one year (1.830) (1,836) (5,858) NET CURREIIT AsseTS 78.974 78.974 8,130 TOTAL ASSETS LESS CURRENT LIABILITIES 78.974 78,974 8,13Q PIET ASSETS 78.974 78,974 8,130 FUNDS Unre5trlrted fvnds io 78.974 8,130 TOTAL FUNDS 78,974 8,130 The flnanclal Statements were approved by the 8oJrd of Trustees and authorlsed for 159Je on . and were sbgned on 6ts behalf by: Trustee The fictss frym part d these financkl $ra¢￿ts FENLAND BLACK OAK CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 ACCOU14TING POLICIES Ba8kn of preparlng the Iln•nclal statem•nts The financial statements of the tharlty. which is a publlc benefit entlty under FRS 102, have been prepared In accordan￿ wlth the Chantles SORP {FR5 102) 'Accountino and Repgrting by Charities.. Statement of Recommended Pract4￿ applicable to charltles preparing thelr accounts In acoirdance wlth the Flnancial Reportlrg Siand?rd applicable In the UK ond Republlc of Ireland IFRS 1021 (effective l January 20191,, Ananclal Reportlng Stsndard 102 'The Financial Reportlng Standard appllcable In the UK and Republlc of Irela[￿. and the Chjrlties Act 2011. The finondal ststernents hove been prepared under the historical cost conventlon. Income All Incorne is recognised In the Ststement of Flnandal Artlvttles once the chadty has entitlement to the funds. It is Probab￿ that the Income wlll be recelved and the amwnt can be measured rellably. exp•ndltyr• bllitles are recognlsèd as expendlture Js str)n as there Is J legal or construcuve obll9atlon commlttlng the charlty to that eypendlture. ft Is probable that a transfer of econc*nk benefits wlll be requlred In settlement Jnd the amount of the Obliga￿On can be measured rellably, Expendlture Is accounted for on an occruals basls and has been cla5slfled under he)dln9S that aggregate all eost related lo the category. Where costs cannot be dlrectly attributed to partlcular headlngs they have been allocated to artlvliles on a basls con4sient wlth the use of restsurces. T•￿tIon The charlty 55 exempt fwom tax on Its thJrttJble •¢tyvltles. Fund •ixountlno Unrestrfcted fvnds can be used In accordafi￿ wlth the tharltsble objethves at the