REGISTERED CHARrrY NUMBER: 1178790 REPORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR Et4DED 31 AUGUST 2024 FOR FENLAND BLACK OAK CIO Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ
FENLAMD BLACK OAK CIO CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 P•ge Report of the Trustees I to 3 Xndependent Examiner's Report Statement of Flnancial A¢tlvltl¢$ Balance Sheet Notes to the Financlal Statém•nts 7 to 10 Detalled Statement of Flnan¢lal Actlvltlos li
FENLAND BLACK OAK CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present thelr report with the financlal statrments of the chartty for the year ende(I 31 August 2024. The trustees have adopted the provlsions of Accounting and Reporting by Charltles.. Statement of Recommended Practlce appllcable to charities preparing their attounts In accordance wlth the Financial Reportlng Stsn¢Jard appllcable In the UK and Republlc of Ireland IFRS 102) {effective I January 2019). OBJECTIVES AND AcrIvrrxES Objectlves and aims The objectlves and alms of the charlty are: to preserve and promote the heritage and historical importantt of the Jubllee oak and fenland black oak more generally by crafting a Jubllee oak table and ensurlng that the resulting work of craftsmanship is dlsplayed to the public.. to promote and raise awareness, research and knowled9e relatlng to the jubilee oak and all matter5 relatlng to or assochated with the formatitin, history and conservatlon of fenland black oak in such ways as the trustees deem appropriate; to advance the education and trdining In the Crafts of carpentry and Jolnery assoclated wlth pSerVIng and worklng wlth fenland black oak. Signrficant artiviti¢S In 2012 an eTh)mious 5,300 year-old tree trunk was unearthed and excav4ted in the East Angllan Fens. The dlscovery presented an opportunity to preserve this and use it to make a unlque 13.2 metre long table and 9Ift it to the natlon. Addltlonallytr It would also seThe to highllght the Importan of farmers preservlng the dwlndllng supplies of this rarest of native hardwoods and to cast Ikght for future generatlons on the ancient high forests of Fenland Britain of 3.300 BC. The Fenland Black Oak Projert would also serve a5 a training and disttjvery exper1eTh for the next generatlon of master craft men and women. Accordingly the charfty was founded to put this into effect and to enable a team of dedlcated, skllled craftsmen to tum thls unlque plece of Black Oak Into a table for the nation. Publk benefit The Trustees confim) that they have eomplled with thelr duty to have due regard to publlc benefit. Page I
FEP4LAND BIACK OAK CIO REPORT OF The TRUSTEES FOR THE YEAR ENDED 31 AUGusf 2024 ACHIEVEMENT AND PERFORMANCE Charltable a¢tivities Followlng the establishment of the Charitable trust In June 2018 a team of trustees with wide and varled skills wa5 recwlted. These trustees Included a master cabinet maker, a farmer, a college prfnclpal, lawyer, an accountant, an administrator and a film maker. Addltlonallyi the charity has attracted conslderable goodwlll and been helped by partlcipatlon and services from many Companies and individuals around the world. A5 Ported prevlously the original oak log wa5 ralsed from the ground In 2012 and the table top fabrlcated, whi¢h was completed in August 2019. In March 2023, the Table was moved to Its second resldency in Rochester Cathedral. Kent, where It wlll be on publlc dlsplay for 14 months. 'A Table for the Nation, was used extenslvely In Rochèster Cathedral by local community groups and by varlous charttles for fvndraising actlvlttes. A huge number of people visited the table at Rochester Cathedral. Followlng on from the very succ£ssAJl Rochester [denCY. the Table continued its Journey on publlc dlsplay for a further 12 months in LinColnshre, at ncOln Cathedral. The tables 3rd year long resldency has attracted many vlsltors and agaln local communty groups embraced the use of the table for a hugely dlver5e range of attlvities and events. The Natlons table has currently been vlslted by an estlmated total of over slx hurtd thousand people. In May 2025 The Table For The Natlons fourth sidencY will be at Llehfield Cathedral for 12 months and events have already been organised in advance. Thanks to the generosity of many donors, and the sales of Table-related merchandise at each residency, the Fenland Black Oak CIO taInS sufflclent fijnds to cover costs to malntaln the Table and the Fenland Black Oak CIO fvr a number of years. FINANCIAL REVIEW Financial position In the perlod under revlew the charity has added to its reserves, as the sale Of merchandise relating to the table has been enough to cover the malntenance expenses and the costs aOated wlth movlng the table to its new exhibition space in Lincoln Cathedral. The Trustees are confi'dent that the a sufficient funds to maintain the table over the next ts¥elve months and to fund Its next move to Lichfield Cathedrdl. Reserves policy The purpose of the charity is to ralse sufflclent funds to bulld the table, and glft to the nation. Costs are only incurred when the fvnds have been ralsed, so the tnjstees do not conslder It necessary to rnaintain reserves. Accordlngly, the level of reserves at the end of the pertod Is an amount of £21.336 whi¢h is sufficlent to cover ongolng expendlture. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by Its goveming document, a constitutSon adopted upon wistration as a Charfcable Incorporated OrganisaUon {ClO). Recruitment •nd appolntment of fbew trustees Every Tr¥Jstee must be appolnted for a terni of three years by a properly convened meetln9 of the tharity Twstees. In selecting Indlvldua15 for appolntment as charfty tNstees the Trustees must have regard to the skills, knowledge and experience need for effectlve administration of the CLO. REFERENCE AND ADMINISTRATIVE DEfAILS egisteréd Charlty number 1178790 Page 2
FENLAND BLACK OAK CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGusf 2024 Prlncipjl Jddress Adamson & Low The Old Plggery Cuckoo Lane, Brenchley Tonbrldge Kent TN12 7HX Trustees H Low {Chairman) G P Shropshi L Conway Mrs A Klng S Butlef-Gallbe G Rl(hards Independent Ex•minér Gibbons Mannlngton & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN317U App by.. d by order of the board of trustees on and slgned on Its behalf H Low - Trustee Page 3
XNDEPENOENT EXAMINER'S REPORT TO THE TRUSTEES OF FENLAND BLACK OAK CIO Independt ex•miner'g report to the trustees of Fenland Black Oak CIO report to the charity tnjstees on my examlnatlon of the accounts of Fenland Black Oak CIO {the Trust) for the year ended 31 August 2024. Responslbilitieg and basls of report As the chaNty tnjstees of the Trust you are SpOnSIble for the preparatlon of the accounts In accordance with the requirements of the Chèrities Act 2011 {'the Act,). report in respect of my examlnatlon of Trust's account5 earried out under Sectlon 145 of the Act and In tarrylng out my examlnatlon I have followed all applicable Directions glven by the Charity Commission under Section 14515llb) of the Art. Independent examiner's statement I have completed my examinatlon. I confim) that no materlal matters have come to my attention in connertlon wlth the examination giving me cause to belleve that In any material respect: accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or the accounts do rt accord wlth those records. or the accounts do not comply with the applicable requlrements concernlng the form and content of accounts set out in the Charities (Accounts and Reports) Regulatlons 2008 other than any requlrement that the accounts glve a true and falr vlew whlch Is not a matter consldered as part of an independent examlnatlon. I have no Concerns and have come across no other matters In connedon woth the examlnation to which attentlon should be drawn In thls report In order to enable a proper undeTStandin9 of the accounts to be reached. Mr K M Luck FCA Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN317LJ Page 4
FeNLAND BLACK OAK CIO ATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 Total funds 2023 Total fynds Unre5trirted fijnd Restricted nd Notes INCOME AND ENDOWMEIITS FROM Donatlons and le9acies 8,756 8.756 15,989 EXPENDrruRE ON Raising fvnds 3.068 3,068 2,823 Charftable actlvltles Jubllee Black Oak Projert 723 2,723 10,706 Totsl 5.791 5,791 13,529 NET INCOME 2.965 965 2,460 RECONCILIATION OF FUNDS Total funds brought forward 18,371 18,371 15,911 TOTAL FUNDS CARRIED FORWARD 21,336 21.336 18,371 Thè notes ft*mi part of these financial ststements page 5
FENLAND BLACK OAK CIO BALANCE SHEET 31 ALIGVST 2024 2024 Total funds 2023 Total fun¢ts Unrestrltted fund Restrfcted fvnd Notes CURRENT ASSETS Stocks Cash at bank 386 21.950 386 21,950 386 18,985 22,336 22,336 19,371 CREDITORS Amounts falling due withln one year {i.000) (1.0001 (1,000) NET CURRENT ASSETS 21,336 21,336 18.371 TOTAL ASSEfs LESS CURRENT LIABILITIES 21,336 21.336 18.371 NET ASSETS 21,336 21,336 18,371 FUNDS Unrestrlcted fvnds 21,336 18,371 TOTAL FUNDS 21,336 18.371 flEndal ere approved by the Board of Trustees and authorfsed for issue on and were slgned on rts behalf by.. Trustee The notes ft)m part of these fin8nclal statements Pagè 6
FEMLAND BLACK OAK CIO NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financlal statement5 of the charity, whlch is a publlc benefit entity under FRS 102. have been Prepa in accordance with the Charitles SORP IFRS 102) 'Ac(x)untlng and Reportlng by Charltles: Statement of Recommended Prartlce appllcable to charitie5 preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financlal Reportlng Standard 102 The Flnanclal Reporting Stsndard applicable In the UK and Republic of Ireland, and the Charities Act 2011. The financlal statements have been prepared urKler the historical cost conventlon. INCOME All Income Is recognised in the Statement of Financial Acts'vities On the charlty has entitlement to the funds, It Is probable that the income wlll be recelved and the amount can be measured lIablY. EXPENDTnJRE Uabllltle5 are recognised as expetKliture as soon as the is a legal or ¢tsnstrurtive obligation ¢ommittlng the charlty to that expendlts]re, It Is probable that a transfer of economlc benefits will be requlred In settlement and the amount of the obllgatlon can be measured reliably. Expenditure Is accounted for on an accruals basls and has been classified under headings that aggregate all cost tated to the category. Where costs cannot be dlrectly attrlbuted to partknlar headlngs they have been allocated to attlvitl85 on a basls conslstent wlth the use of resour5, srocKS Stocks a valued at the lower of cost and net reallsable value, after maklng due allowance for obsolete and slow moving items. TAXATION The charity is exempt from tsx on ils charitable actSvities. FUND ACCOUNTINfj Unrestricted funds can be used In accordance with the charttable objectoves at the di$¢tk)n of the trustees. Restrlrted fund5 can only be used for particular restricted purposes withln the objects of the charity. Re5trirtions arise when Specified by the donor or when fvnds are ralsed for paruojlar restricted purposes. Further explanab'on of the nature and purpose of each fijnd Is induded In the notes to the financial ststsments. DONATED GOODS AND SERVICES Donations of significant goods and the ServIS supplled by those who hokl parCUlar sklll sets necessary to the project are included in the accounts as a Pro Bono restrlcted ftjnd. The trustse5 have used thelr best efforts to place a value on donated costs and tlme using estimates, where precise costs and tlmes were not available. The trustees believe that the monetary value placed on donated costs and time and disclosed in the accounts Is a wsonable approximation The tlme donated by general volunteers has not been Included in these accounts. DEBTORS Debtors (including trade debtors and loans receivable) are measured on Snotlal recognition at settlement amount after any trade dlscounts or amount adVand by the charlty. Subsequently. they are measured at the cash or other consideratlon expected to be received. CREDITORS The charity has trditor5 which are measured at settlement amounts less any trade dIoUnts Page 7 CcTrued..
FENLAND BLACK OAK CIO NOTES TO THE FINANCIAL sfATEMENTS - eontlnued FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES - contlnued HERtfAGE ASSETS The trust has ralsed fijnds to design and treate the spettaLular 13 metre long table assembled from 5.000 year old wood excavated froTn the fens of Norfolk. The table is not psented in the accounts a5 an asset. Its value 15 Ilterdlly pritrle55, as It Is unique and its craftsmanship cannot be eoualed. The table Is Snsured for É170,000 to cover the potentlal costs of repalr and restltudon should the Surfa be damaged. DONATIONS AND LEGACIES 2024 2023 Donatlons Sale of merthandise 565 6,191 1,130 14,859 8.756 15.989 CHARITABLE ACTIVMES COSTS UnreAtricted fund Restricted fund Total funds Jubilee Black Oak ProJ•rt: Understruttu Unvelllng Evert InSUrar costs other costs Governance costs 112,022 5.778 1.215 1.178 1.036 8,000 500 120,022 6,278 1,215 2,178 1.036 1,000 Totsl 121.229 9.500 130.729 JNDEPENDENT EXAMINER Fees payable to the charty's accountants: Independent examination of the tharbty's flnanclal statements 1,036 TRUSTEES, REMUNERATION AND BENEFXTS There were no trustees. remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. TRUSTEES. EXPENSES There were no trustees, expenses pald for the year ended 31 August 2024 nor for the year ended 31 Augsjgt 2023. Page 8 condnued...
FENLAND BLACK OAK CIO NOTES TO THE FINANCIAL STATEMENTS - continuad FOR THE YEAR ENDED 31 AUGUST 2024 COMPARATXVES FOR THE ATEmENT OF FINANCIAL AcllVEs Unrestritted fund RestNcted fund Total fijnds XNCOME AND ENDOWMENTS FROM Donatlons and legacies 15.989 15,989 EXPENDITURE ON Raing funds 2,623 2,823 Chorltsble actlvltles Jubliee Black Oak Project 10,706 10,706 Total 13,529 13,529 NET INCOME 2,460 2,460 RECONCILIATION OF FUNDS Total fiJnds brought forward 15,911 15,911 TOTAL FUNDS CARRIED FORWARD 18,371 18.371 srocKS 2024 2023 Stocks 386 386 CREDITORS: AMOUNTS FALUNG Due WMIIN 014E YEAR 2024 2023 other creditors 1,000 1,000 MOVEMENT IN FUNDS Net movement In funds At 3118124 At 119123 Unrestrlcted fund$ General fvnd 18.371 965 21.336 TOTAL FUNDS 18.371 965 21,336 Page 9 continued...
FENLAND BLACK OAK CIO NOTES TO THE FINANCIAL sfATEMENTS - contlnued FOR THE YEAR ENDED 31 AUGUST 2024 MOVEMENT IN FUNDS - continued Net movement In fvnds. Ilded in the above are as follows: Incomlng resources Resources expended Movement In ndS Unr•stricted lunds General ftjnd 8.756 (5,791) 2,965 TOTAL FUNDS 8,756 (5,791) 2,965 Comparatlves for movement In funds Net movement In funds At 3118123 At 119122 Unrestricted fund8 General fijnd 15,911 2,460 18,371 TOTAL FUNDS 15,911 2,460 18,371 Comparative net movement in fvnds, in¢luded in the above are as follows,. Incomlng resources Resources expended Movement In funds Ilnrestricted funds General fund 15,989 (13,529) 2,460 TOTAL FUNDS 15,989 (13,5291 2,460 By thelr very nature, the Pro Bono donated goods anij SerVs, other than those of general volunteer5, are glven in order to facilitste a partlcular part of the projert and are therefore treated as restricted funds. 10. RELATED PARTY DISCLOSURES Gu Peter Shro hire - Truste$ In 2012 farmers G.s.ShropShi & Sons Ltd, of whlth Guy Peter Shtrbpshire is a director, uncovered and donated a massive trunk of black bog oak to the Diamond Jubilee Black Oak Projert. The projert lattedy became the Fenland Black Oak CIO when it formed a Charltable IncorpotBted Organlsatlon. No monetary value was placed on the donatlon as the farrners recognlsed the importance of the find to the nation as a whole. P)9e 10
FENLAND BLACK OAK CIO DETAILED STATEMENT OF FINANCIAL ACTivrrIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 INCOME AND ENDOWMENTS Donations •thd 14gaeie8 Donatlon5 Sale of merchandise 2.565 6,191 1,130 14,859 8.756 15,989 Total Incomln9 resources 8,756 15.989 EXPENDITURE Ralsln9 doThJtlons and legacles Just giving subscrlptlon Websitè costs Cost of merchandlse 216 192 2.600 216 134 2,473 3,068 2,823 Charltabl¢ )¢tlvltl¢$ Insuran Understructure Sundry costs Dlsplay costs Movlng costs 1,265 1,592 900 260 440 6.482 1,166 (776) 1,655 9.674 Support costs Independent examlnatlon fee 1.068 1,032 Total resources expended 5,791 13,529 Net Income 965 2,460 Thts page does Th)t fom) part of the statutory flnanaal ststements Page 11