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2022-08-31-accounts

Charity number: 1075464

THE JIGSAW TRUST

(A company limited by guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

THE JIGSAW TRUST

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charity, its trustees and advisers 1
Trustees' report 2 - 12
Independent auditors' report 13 - 16
Consolidated statement of financial activities 17
Consolidated balance sheet 18
Company balance sheet 19
Consolidated statement of cash flows 20
Notes to the financial statements 21 - 35

THE JIGSAW TRUST

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2022

Trustees Miss R A G Amofa
Mrs M Asante, Parent Trustee
Mr B B B Ashmore-Short (resigned October 4, 2022)
Mr R P Jewell
Mr A M C Jewsbury
Mr C F A Kearney
Ms J A Kiely, Chair
Mr G Prothero, Vice Chair
Mrs J L White (resigned September 21, 2021)
Company registered
number 03734127
Charity registered
number 1075464
Registered office 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD
Company secretary Ms C F Grant
Bankers Lloyds Bank Plc
25 Gresham Street
London
EC2V 7HN

Page 1

THE JIGSAW TRUST

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2022

The Trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August, 2022. The trustees have adopted the provisions of 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

Objectives and aims

The objects of The Jigsaw Trust are to promote, maintain, improve and advance the education and wellbeing of those affected by an autism spectrum disorder. Jigsaw Trust is committed to raising awareness of autism and to providing facilities, services and resources for the education, integration, guidance, assessment, outreach and support of people affected by autism.

Our Values

We are person centred , valuing each person as an individual, respecting their aspirations and commitments in life, and seeking to understand their priorities, needs, abilities and limits.

We are caring and committed to acting with compassion, integrity, honesty and high ethics in all situations, listening with respect to others and valuing differences.

We believe in teamwork listening to and respecting each other whilst working with the individuals we support, their families and colleagues to achieve the best results we can.

We believe in integrity acting professionally at all times, ensuring we are providing the best possible service. We focus on continuous learning for all. We value learning, positive feedback, coaching and mentoring.

The Jigsaw Trust is founded on the principle of excellence through continual learning and aspires to provide the highest quality of education and lifelong learning possible; to accelerate learning and the ability to learn in new ways as well as acquiring the skills to learn independently through behavioural methods. To this end, we have established and developed services delivered through our school, our social enterprises and the centre for lifelong learning which provides services to adult learners through Jigsaw +, a separate charity of which The Jigsaw Trust is the sole member. Further information on Jigsaw +, including the services provided can be found in the Trustees’ Report for Jigsaw +.

Page 2

THE JIGSAW TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2022

Public benefit

The Jigsaw Trust is established for the public benefit by way of the education and welfare of children and young adults with autism spectrum disorders and related communication disorders, improving the lives of those affected by these lifelong disorders. The Jigsaw Trust has given a high priority to providing public benefit to a cross section of the community regardless of family background, but perhaps the greatest benefit that The Jigsaw Trust can offer is the provision of an education that maximises each student’s potential. The Trustees have had due regard to the public benefit guidance produced by the Charity Commission for England and Wales.

The activities that the charitable company provides that are considered for the public benefit in summary are:

These activities are for the benefit of individuals with autism spectrum disorder and related communication disorders, either directly or indirectly by way of supporting parents, carers or professionals involved in the education and welfare of those with autism.

The opportunity to benefit is not restricted to any one local authority but is determined by the number of places available at Jigsaw CABAS® School and pupils' journey times are generally expected to be no longer than one hour for primary aged children and 90 minutes for those secondary aged pupils or beyond. Pupils are expected to have an Educational Health Care Plan. There is no restriction by gender, although more beneficiaries are male rather than female due to the prevalence characteristics of autism. The fees payable to the Trust are significant and would be outside the funding capacity of all but a very few families. Fees are in the main fully paid by the placing Local Authority.

Our Services

The Jigsaw CABAS® School

The Jigsaw CABAS® School is an independent day school for children and young people with an autism spectrum disorder. We provide education services for pupils aged 4 – 19 years.

The Jigsaw CABAS® School is committed to providing a safe and caring environment where all our learners will be given an education of the highest standard and every opportunity to achieve their full potential. The School is a positive environment in which learning both in and out of the classroom is encouraged with the focus on improving outcomes in all areas of the curricula.

Page 3

THE JIGSAW TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2022

Social Enterprises

Café on the Park is operated by Jigsaw Trading (2013) Limited, a wholly owned subsidiary of The Jigsaw Trust. The café is open to all those working and visiting Dunsfold Park and provides work experience and life skills learning opportunities for pupils at The Jigsaw CABAS® School, principally those in Key Stages 4 and 5. The Trustees have accepted that Café on the Park has operated at a loss each year since this social enterprise was taken on. This is on the basis that the Café provides a significant benefit to those pupils and adult learners from Jigsaw + as part of their individual learning plans for which no charge is made. The Trustees review and agree the acceptable level of loss for Café on the Park annually.

GardenWORKS and ArtWORKS are likewise social enterprises that provide vocational and life learning opportunities for both pupils and adult learners from Jigsaw+. The facilities at GardenWORKS have also been used on a chargeable basis by students from other local special educational needs schools. Income from this is accounted for within the financial results for Jigsaw+.

Trust Shared Services

There are a number of business support services provided by Jigsaw Trust to each of Jigsaw CABAS® School, Jigsaw Trading (2013) Limited and Jigsaw + including CEO services, finance, facilities, HR and IT. Staff in these business areas are employed by Jigsaw Trust and the costs associated with these areas are apportioned between The Jigsaw CABAS® School and Jigsaw +.

Aims of Jigsaw CABAS® School

To work together as a team to ensure that every pupil achieves their full potential by providing:

Our Strategy and Future Plans

In line with the detailed strategic review undertaken in 2018-19, the focus of Jigsaw Trust remains to support the growth and development of the charity's current activities and aspirations and to investigate ways in which the strategic vision of an integrated lifelong learning model for those on the autism spectrum throughout their lives can be taken forward. This also includes building on our existing staff learning and development capabilities to develop a training platform that can be accessed by the wider community, thus providing an additional income stream. It is however, recognised that the impact of the covid pandemic on those looking to enter the educational and care sectors leading to a challenging recruitment market together with restrictions on local authority funding has impacted on our aspirations to develop an integrated life-long learning model and whilst this remains a medium-term aim, the immediate focus continues to be on ensuring the efficient operation and growth of The Jigsaw CABAS® School.

In line with this growth strategy, placements within the school have increased and we have secured a seven year extension to the current lease arrangements for the Jigsaw CABAS® School premises, which includes obligations on the Landlord with regard to various refurbishment works. We have continued to maintain high standards of delivery within our services, demonstrated through an increasing demand for places and we are recognised as experts in our field for education services, high quality staff training and CPD opportunities.

Page 4

THE JIGSAW TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2022

The Trustees commissioned Sonnet and Moore Kingston Smith to undertake an Operational Structure and Governance Review during the 2021-22 financial year. This concluded that constituting Jigsaw+ as a Community Interest Company (CIC) might offer the potential for equity related social investment in the future. However, the current Governance model whereby Jigsaw + is incorporated as a separate charity with Jigsaw Trust as the sole member continues to remain an appropriate model. The Trustees fully debated their report and concluded that the substantial costs involved in transferring Jigsaw + to a CIC, both monetary and in terms of staff time, significantly outweighed any perceived benefit and concluded that the current governance model continues to provide appropriate governance and independent decision making in each of the charities best interests. Recommendations within the review for operational efficiencies are being pursued by the executive management team. The Trustees wish to express their thanks to those individuals from Sonnet and Moore Kingston Smith who were involved in the review and to the senior management team for their diligence and hard work throughout the process alongside business as usual activities.

We have continued to offer certified training for staff and have also taken the opportunity to publish our latest research in peer reviewed journals to share best practice. We are committed to continuing to provide sustainable high quality services and activities that promote the education and support for those individuals whose lives are affected by autism.

In developing our strategic vision, Jigsaw Trust will continue in its commitment to providing demonstrable value for money to stakeholders.

Achievements and performance

Jigsaw CABAS® School

At Jigsaw CABAS® School, our longest established activity, we have continued with our strong record of achievement. The number of pupils attending the school has increased during the 2021-22 academic year with 72 pupils on roll as at 31st August 2022 compared to 69 at the start of the academic year. The Trust has entered into an agreement with Surrey County Council that provides for a rebate on fees payable if a given number of pupils are placed for an entire academic year and other conditions are met. In the opinion of the Trustees this provides an element of certainty around pupil numbers and is of benefit to both parties. No rebate was paid for the 2021-22 academic year as Surrey County Council failed to meet the stipulated conditions. Negotiations were opened with Surrey County Council for a significant uplift in the overall fee payable for individual placements supported by a detailed business case. Whilst we were able to secure a limited increase, this was substantially below that requested. Under the terms of the agreement with Surrey County Council, fees are due to increase in line with the National Association of Special Schools agreed formula from June 2023.

The impact of the Covid pandemic and the need to respond to the ever-changing guidance issued by the Department for Education remained a feature of the 2021-22 academic year and , of necessity, meant that the emphasis for the financial year has been on ensuring continuity in service delivery and the provision of a safe and supportive environment for pupils and staff alike. The Jigsaw CABAS® School continued to remain open throughout the year in line with the guidance issued by the Department for Education regarding vulnerable pupils and children of keyworkers. A number of pupils did not attend either because they were shielding or through parental choice. Where feasible, staff provided resources for home schooling and in all cases regular contact was maintained with families. Local authorities continued to fund placements in full regardless of whether pupils were attending.

The Trustees wish to sincerely thank all staff for their professionalism, dedication, resilience and commitment in continuing to provide a high- quality service throughout the year in challenging circumstances.

Page 5

THE JIGSAW TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2022

Our teaching staff continued to progress through the professional development programme, with 1 member of staff completing the CABAS® Teaching Assistant rank and 2 members of staff completing the CABAS® Teacher 1 rank from the CABAS® Board during the year. Two members of staff successfully completed the Masters programme with Nicholls State University at the end of the academic year. A further member of staff was supported to complete the BCBA (Board Certified Behaviour Analyst) qualification. Fifteen members of staff completed the Registered Behaviour Technician (RBT) course which we provide in-house at the school (40 hours of online training in behaviour analysis).

Members of staff produced a number of research studies during the year which were presented at the 9[th] annual Jigsaw Research conference for staff. This conference was on-site for the first time since 2019. Staff also presented two workshops for the Behaviour Analysis in Schools UK-SBA Special Interest Group (both virtually).

The School has continued to benefit from the close links maintained with CABAS® in the United States. Dr Grant Gautreaux from Nicholls State University provided invaluable consultancy services during the year ensuring that the teaching staff are at the forefront of developments in the field of ABA research.

We have maintained our BACB accreditation as an ACE provider, thereby enabling the school to provide continuous training for BACB registered behaviour analysts. We have hosted events at the school for representatives from the UK SBA ABA in Schools SIG and these sessions have included training for BACB registered behaviour analysts.

The School continues to support parents and carers with the outreach service that is available to pupils and their families. We have regular information sessions for parents offering time for questions as well as regular workshops/education sessions for parents and other professionals.

Three pupils in Year 14 left the school at the end of the academic year 2021-22. All three completed the ASDAN Transition Challenge (Gold Award) and the ASDAN Towards Independence qualification. They also completed the OCR Life & Living Skills Entry Level 1 qualification (Full diploma).

Fundraising activities

With the ever growing pressure on local services, uncertainty regarding the political and economic environment, it is fair to say that the need for fundraising at Jigsaw Trust is increasing year on year. Fundraising activities during the year continued to be impacted due to the Covid pandemic, however it is pleasing to note that local community organisations hosted three golf days supporting Jigsaw Trust and the Jigsaw Run took place once again in November 2022. The focus for the fundraising team remains on securing grant funding and building and maintaining long term relationships with a variety of supporters and funders. The assistance of our supporters and funders is vital to the future of the charity and their support has a direct impact on the pupils and adult learners who use services of The Jigsaw Trust. The overall strategy of the Fundraising Team remains to seek to diversify fundraising income, significantly increase core income and build a strategic framework that will enable Jigsaw Trust's fundraising activities to alleviate financial pressure across the Trust.

We would like to thank the following organisations and supporters for their help and kindness throughout the year:

The Mulberry Trust, Groundwork UK, Enthuse, Berkeley Homes, Community Foundation of Surrey, Guildford Lions, Line Management, Guildford Institute of Insurers, The Neighbourly Foundation, Conegate Limited, Debden Sports Club, D. Solomons Charitable Trust, The Arts Society, Hall Charitable Trust, The Old Hurst Trust, Wilson Charitable Trust, Boshier - Hinton Foundation, Signify, HDH Wells Trust, Sports Systems Limited, Ross Waburton Charitable Trust, Royal Ascot Golf Club, Overbury Core, Woolsack Lodger Charity, B. Laing Foundation, Technical Resources Limited, Horsham Lions, KIA Garage West End, Flag Homes.

Page 6

THE JIGSAW TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2022

We would also like to thank everyone who has supported Jigsaw Trust in during the 2021-22 financial year. Whether you have taken on a half marathon for Jigsaw Trust, you are making a regular monthly donation, or you have helped us build links with a company or local school, we are incredibly grateful to you.

Jigsaw Trust is fortunate to have such an amazing supportive community around us and we are incredibly grateful to all our benefactors, parents, family members, volunteers, staff, funders and our wonderful local community.

Total raised for the Trust excluding other exceptional income below

Made up of Unrestricted income
Restricted income
Other donations
Total raised for the trust
Significant supporters of the Trust include:
Clothworkers
Variety Club
Bailey Thomas
Childwick Trust
The Geoff & Fiona Squire Foundation
Garfield Weston
The Wisley Foundation
The Percy Bilton Charity
Betty Hart Brown
Chalk Cliff
The D’Oyly Carte Trust		 £67,547
-
£193,466
£261,013
£50,000
£32,338
£20,000
£15,000

£10,000

£10,000

£8,881
£8,340
£7,082
£5,000
£4,000

Jigsaw Trust is very grateful to all those listed above and all those individuals who have supported Jigsaw Trust either directly through cash donations or gifts in kind or indirectly by taking part in the fundraising activities.

FINANCIAL REVIEW

Reserves policy

The Trustees have agreed that the charitable company should maintain unrestricted funds, which are the free reserves of the charitable company at a level equivalent to cover approximately three months running costs of The Jigsaw CABAS® School. For the financial year 2021-22, three months running costs are estimated to be £1,281,000 and the total free reserves as at 31 August 2022 were £719,074. Although reserves as at 31st August 2022 do not meet the desired level, the Trustees are committed to the reserves policy. The Trustees will continue to consider ways in which additional unrestricted funds can be raised and to target fundraising of unrestricted income.

Equal Opportunities polic y

The Trustees recognise that equal opportunities should be an integral part of good practice within the workplace. Jigsaw Trust aims to establish equal opportunities in all areas of its activities including creating a working environment in which the contributions and needs of all people are fully valued.

Selected policies can be found on the Jigsaw CABAS® School and The Jigsaw Trust websites.

Page 7

THE JIGSAW TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2022

Financial Results

The financial results for the year to 31 August 2022 are shown in the attached financial statements.

The greater part of the Trust's income (92%) is generated by the School which received the majority of its income from Local Authorities. Total income increased by 1.6% to £5,146,403 (2021 - £5,063,817), primarily due to increase in pupil numbers. There was a small increase in fundraising and exceptional income in the Trust. School fee income increased by 1.2% to £4,744,595 (2021 - £4,687,673). Due to Covid restrictions there was a reduction in the Café income partly as a result of full closure due to lockdowns, thereafter with a reduced takeaway service only. Total expenditure rose by 1.38% to £5,125,074 (2021 - £5,055,122), in line with the increase in pupil numbers. The average number of pupils throughout the year was 70. The school started the academic year with 69 students, but numbers increased to the position where there were 72 pupils on roll at the year end.

There was a net increase in funds of £21,329 (2021 - £8,695) total funds carried forward of £862,130 (2021 - £840,801). Of the funds at the year end, £143,056 was restricted and the remaining £719,074 unrestricted.

INDEPENDENT ASSURANCE

Raffingers LLP have undertaken the statutory external audit of The Jigsaw Trust and its subsidiary Jigsaw Trading (2013) Limited. They also report on the adequacy and effectiveness of The Jigsaw Trust’s system of internal financial control through, if considered necessary, the qualification of the annual financial accounts, the “management letter” and ad hoc assessments and reviews.

GOING CONCERN

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements for the year ended 31 August 2022. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

MATERIAL INVESTMENTS POLICY

No investments have been made at this this time.

STRUCTURE, GOVERNANCE AND MANAGEMENT

CONSTITUTION

The charity is controlled by its governing document, a deed of trust, and is constituted as a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Jigsaw Trust was incorporated on 17 March 1999. In the event of the company being wound up during the period of membership or within the year following, the company members are required to contribute an amount not exceeding £1. The company is registered under the Companies Act, England and Wales (Company Registration Number 03734127) and with the Charity Commission (Charity Registration Number 1075464) and is governed by its memorandum and articles of association.

Page 8

THE JIGSAW TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2022

The Jigsaw Trust has one subsidiary which is wholly owned, Jigsaw Trading (2013) Limited. Jigsaw Trading (2013) Limited is constituted as a company limited by shares and was incorporated on 2 July 2013. The company is registered under the Companies Act, England and Wales (Company Registration Number 08594365). As a wholly owned subsidiary the financial statements of Jigsaw Trading (2013) Limited are incorporated within the consolidated accounts of The Jigsaw Trust. The CEO of The Jigsaw Trust is the sole director of Jigsaw Trading (2013) Limited.

The Jigsaw Trust is the sole member of Jigsaw +. Jigsaw + is constituted as a company limited by guarantee and was incorporated on 1 November 2012. The company is registered under the Companies Act, England and Wales (Company Registration Number 08278978) and with the Charity Commission (Charity Registration Number 1151727) and is governed by its memorandum and articles of association. It is the policy of the Board of Trustees of The Jigsaw Trust that a majority of the Trustees of Jigsaw + should be independent. As at the date of this report, this was the case. The financial statements of Jigsaw + are reported separately and do not form part of the consolidated accounts of The Jigsaw Trust.

The Jigsaw CABAS® School Governors have responsibility for the oversight of the operation of the school including policies, staffing and use of resources. They enable the school to run as effectively as possible and monitor and evaluate performance, working with the CEO, the Director of Education and members of the school senior management team to support and challenge them in maintaining the effectiveness of the school. They ensure the school is accountable to all stakeholders. The following are members of the Board of Governors:

Mr A M C Jewsbury (Chair) Mr A J Dalton (Vice-Chair) Mrs J A Kiely Dr J A Russell Mrs L E Craven Mr M P Jane Mr O L Lewis Ms C F Grant (exofficio, CEO) Ms E L Hawkins (exofficio, Director of Education) Mrs H L Locke (Staff Governor) School Governors work in monitoring groups focussing on the four areas of the Ofsted Framework: Outcomes for Pupils; Pupil's Personal Development, Behaviour and Welfare; Quality of Teaching, Learning and Assessment; Leadership and Management.

Recruitment and appointment of new trustees

The trustees are directors of the charitable company for the purposes of company law and trustees for the purpose of charity law. The Trustees (see Page 1) were in office at 31 August 2022 and served throughout the year unless otherwise indicated.

The Articles of Association stipulate that there must be a minimum of three trustees and a maximum of thirty trustees. All trustees must be members of the charitable company. Additional trustees may be appointed by the existing trustees at any time, either to fill a casual vacancy or as an addition to the existing trustees. Any trustees so appointed will hold office only until the next Annual General Meeting and will then be eligible for re-election. One third of the trustees are to retire by rotation at each Annual General Meeting. It is the policy of the Board of Trustees that the number of parent trustees (those who have children or young adults placed at the School or accessing Jigsaw +) shall be in the minority.

Page 9

THE JIGSAW TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2022

Induction and training of new trustees

Potential trustees are invited to informally attend trustee meetings prior to appointment and a comprehensive induction programme is available. Additionally, individual trustees may undertake external training in a particular area of their role on the Board of Trustees or where relevant, the Governing Body of The Jigsaw CABAS® School.

Organisational structure

The principal activity of the charity during the year has been to promote, maintain, improve and advance the education and well-being of those affected by an autism spectrum disorder. Overall responsibility for Jigsaw Trust lies with the Trustees, a number of whom are members of the Governing Body of the Jigsaw CABAS® School and/or on the Board of Trustees for Jigsaw +.

The Trustees fulfil a strategic role setting the vision, mission, goals and direction, general policy, approving annual budgets monitoring performance against the plan and budget. Each of the Trustees are responsible for the oversight of one or more business areas acting as the link between the senior management of that area and the Board of Trustees. These cover:

Finance Human Resources IT Facilities and Health and Safety Business Development and Marketing Fundraising and PR School Adult Services Social Enterprise

Trustees are assigned to an oversight role based on their individual skills and areas of expertise and are responsible for liaising with the relevant senior management and management staff within the Trust and reporting progress and any significant issues at each Trustee meeting.

The Board of Trustees has reviewed and approved those matters reserved to the Board and established two Committees to facilitate monitoring and reporting to the Board: the Finance, Audit and Risk Committee and the HR and Operations Committee. In addition, a Remuneration Committee considers matters relating to pay and performance. The Board is responsible for agreeing the membership of these Committees, which is based on individual skills and areas of expertise.

The Board of Jigsaw Trust meet four times a year or more frequently if required. The Governing Body of the Jigsaw CABAS® School also meet four times a year. A minority of the Trustees have children or young adults who have been placed as pupils at the School or who are clients at Jigsaw +.

Management responsibility for day to day operations for all services of The Jigsaw Trust are delegated by the Trustees to the CEO of The Jigsaw Trust, and in respect of Jigsaw CABAS® School to the Governors, who in turn delegate responsibility for the day to day operation of the school to the Director of Education of Jigsaw CABAS® School.

The Trust employed 143 people as at 31 August 2022. 98 at Jigsaw CABAS® School (P/T 12) 3 at Jigsaw Trading (P/T 1) 22 at Jigsaw Trust Shared Services (P/T 3) Full time 107 and part time 16

Page 10

THE JIGSAW TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2022

Jigsaw Trust does not discriminate unlawfully against learners, staff, trustees or governors on the grounds of sexual orientation, race, disability, gender, religion and belief, or age. Jigsaw Trust has a written policy regarding race, disability and gender equality, arrangements to monitor its implementation and assess its impact on staff, learners and parents/carers. Jigsaw Trust complies with its general duties under the Sex Discrimination Act 1975 (as amended) and specific duties in subordinate legislation made under those Acts and the requirements of the statutory codes of practice made under those Acts.

Selection criteria and procedures are regularly reviewed to ensure that individuals are recruited, promoted and treated on the basis of their relevant merits and abilities. Objective criteria are applied to assess merit and all staff follow behaviour analytic training programmes to enable them to progress both within and outside the organisation. These training programmes provide certification from the CABAS® Board based at Columbia University Teachers College, or the Behaviour Analysis Certification Board (BACB). Staff are given equal opportunity to undertake further external training where appropriate.

RELATED PARTIES

None of the Trustees received any renumeration or reimbursement of any expenses resulting from their position as a Trustee during the financial year. Save as disclosed in this report as regards Parent Trustees and Trustees of the Jigsaw Trust who are also Trustees of Jigsaw + no Trustee had any beneficial interest in any contract with the charitable company during the year.

Save as disclosed in Note 21 to the Financial Statements there were no related party transactions during the financial year.

RISK MANAGEMENT

The Trustees have assessed the major risks to which the company and the wider group is exposed, in particular those related to the operations and finances of the company and the group and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks identified.

The Trustees recognise the absolute necessity of ensuring the protection and safety of the pupils at Jigsaw CABAS® School and require that all employees and volunteers are subject to an enhanced disclosure issued by the Disclosure and Barring Service (DBS) and receive training regarding safeguarding both on commencing employment and at least annually thereafter.

Page 11

THE JIGSAW TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2022

TRUSTEES' RESPONSIBILITIES STATEMENT

The Trustees (who are also directors of The Jigsaw Trust for the purposes 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. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company and the group's transactions and disclose with reasonable accuracy at any time the financial position of the charitable group 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 charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

DISCLOSURE OF INFORMATION TO AUDITORS

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

This report was approved by the Trustees, on and signed on their behalf by:

................................................ Mr G Prothero, Vice Chair

Page 12

THE JIGSAW TRUST

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE JIGSAW TRUST

OPINION

We have audited the financial statements of The Jigsaw Trust (the 'parent charity') and its subsidiaries (the 'group') for the year ended August 31, 2022 set out on pages 17 to 35. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards(United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

OTHER INFORMATION

The Trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Auditors' report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material

Page 13

THE JIGSAW TRUST

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE JIGSAW TRUST

inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Page 14

(A company limited by guarantee)

THE JIGSAW TRUST

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE JIGSAW TRUST

AUDITORS' RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Page 15

THE JIGSAW TRUST

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE JIGSAW TRUST

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

We further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

USE OF OUR REPORT

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's Trustees, as a body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Suda Ratnam FCCA (Senior Statutory Auditor) for and on behalf of Raffingers LLP, Statutory Auditor

Chartered Certified Accountants

19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD Date:

Raffingers LLP is eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 16

THE JIGSAW TRUST

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2022

Note
INCOME FROM:
Donations and legacies
2
Charitable activities
3
Other trading activities:
Fundraising
4
Trading activities
Investments
TOTAL INCOME
EXPENDITURE ON:
Raising funds
Charitable activities:
Direct costs
5
Governance costs
6
TOTAL EXPENDITURE
NET INCOME / (EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS AND LOSSES
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
2022
£
90,517
4,718,981
67,547
140,506
289		 Restricted
funds
2022
£
102,949
25,614
-
-
-		 Total
funds
2022
£
193,466
4,744,595
67,547
140,506
289		 Total
funds
2021
£
173,451
4,687,673
79,219
123,235
239
5,017,840 128,563 5,146,403 5,063,817
242,407
4,756,358
102,944		 -
23,365
-		 242,407
4,779,723
102,944		 252,781
4,691,577
110,764
5,101,709 23,365 5,125,074 5,055,122
(83,869)
(83,869)
802,943		 105,198
105,198
37,858		 21,329
21,329
840,801		 8,695
8,695
832,106
719,074 143,056 862,130 840,801

The notes on pages 21 to 35 form part of these financial statements.

Page 17

THE JIGSAW TRUST

(A company limited by guarantee) REGISTERED NUMBER: 03734127

CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2022

Note
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Stocks
11
Debtors
12
Cash at bank and in hand
CREDITORS:amounts falling due within
one year
13
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
14
Unrestricted funds
Designated funds
14
General funds
14
TOTAL FUNDS		 £
1,902
332,848
678,151		 2022
£
£
507,306
2,014
795,037
1,475,342
2,272,393
(1,871,182)
354,824
862,130
143,056
312,000
407,074
862,130		 2021
£
439,590


401,211
1,012,901
(658,077)
840,801
37,858
-
802,943
840,801

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on and signed on their behalf, by:

................................................

Mr G Prothero, Vice Chair

The notes on pages 21 to 35 form part of these financial statements.

Page 18

THE JIGSAW TRUST

(A company limited by guarantee) REGISTERED NUMBER: 03734127

COMPANY BALANCE SHEET AS AT 31 AUGUST 2022

Note
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
12
Cash at bank
CREDITORS:amounts falling due within
one year
13
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
Unrestricted funds
Designated funds
General funds
TOTAL FUNDS		 £
604,195
642,380		 2022
£
£
502,821
1,028,357
1,458,822
2,487,179
(1,843,223)
607,985
1,110,806
143,056
312,000
655,750
1,110,806		 2021
£
433,761
643,956
1,246,575
(638,590)
1,077,717
37,858
-
1,039,859
1,077,717

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on and signed on their behalf, by:

................................................

Mr G Prothero, Vice Chair

The notes on pages 21 to 35 form part of these financial statements.

Page 19

THE JIGSAW TRUST

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2022

Note
Cash flows from operating activities
Net cash (used in)/provided by operating activities
15
Cash flows from investing activities:
Purchase of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward
16		 2022
£
(570,688)		 2021
£
837,953
(226,502) (309,829)
(226,502) (309,829)
(797,190)
1,475,341		 528,124
947,217
678,151 1,475,341

The notes on pages 21 to 35 form part of these financial statements.

Page 20

THE JIGSAW TRUST

(A company limited by guarantee)

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

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Jigsaw Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Statement of financial activities (SOFA) and Balance sheet consolidate the financial statements of the company and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

No separate SOFA has been presented for the company alone as permitted by section 408 of the Companies Act 2006.

1.2 Company status

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

Page 21

THE JIGSAW TRUST

(A company limited by guarantee)

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

1. ACCOUNTING POLICIES (CONTINUED)

1.3 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Grant income

Government grants, including non-monetary grants shall not be recognised until there is reasonable assurance that:

(a) the entity will comply with the conditions attached to them; and

(b) the grants will be received.

Page 22

THE JIGSAW TRUST

(A company limited by guarantee)

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

1. ACCOUNTING POLICIES (CONTINUED)

1.4 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 allocated on the portion of the asset’s use.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.

1.5 Basis of consolidation

The financial statements consolidate the accounts of The Jigsaw Trust and all of its subsidiary undertakings ('subsidiaries').

The charitable company has taken advantage of the exemption contained within section 408 of the Companies Act 2006 not to present its own Income and expenditure account.

The income and expenditure account for the year dealt with in the accounts of the charitable company was £33,090 (2021 - £26,745) .

Page 23

THE JIGSAW TRUST

(A company limited by guarantee)

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

1. ACCOUNTING POLICIES (CONTINUED)

1.6 Tangible fixed assets and depreciation

All assets costing more than £5,000 are capitalised.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Improvement to property - 25% on cost
Plant and machinery - 25% on cost
Motor vehicles - 20% on cost
Fixtures and fittings - 33% on cost
School equipment - 33% on cost

1.7 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

1.8 Operating leases

Rentals under operating leases are charged to the Statement of financial activities on a straight line basis over the lease term.

1.9 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

1.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.11 Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 24

THE JIGSAW TRUST

(A company limited by guarantee)

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

1. ACCOUNTING POLICIES (CONTINUED)

1.12 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.13 Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.14 Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

1.15 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.16 Critical accounting estimates and areas of judgment

Preparation of the accounts requires the trustees and management to make significant judgements and estimates.

The items in the accounts where these judgements and estimates have been made include:

determining the allocation of costs between different expenditure classifications; and estimating the useful economic life of tangible fixed assets for the purposes of determining the annual depreciation charge.

Page 25

THE JIGSAW TRUST

(A company limited by guarantee)

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

2. INCOME FROM DONATIONS AND LEGACY

Donations
Total 2021		 Unrestricted
funds
2022
£
90,517		 Restricted
funds
2022
£
102,949		 Total
funds
2022
£
193,466		 Total
funds
2021
£
173,451
150,512 22,939 173,451

3. INCOME FROM CHARITABLE ACTIVITIES

Fees receivable
Total 2021		 Unrestricted
funds
2022
£
4,718,981		 Restricted
funds
2022
£
25,614		 Total
funds
2022
£
4,744,595		 Total
funds
2021
£
4,687,673
4,687,673 - 4,687,673

4. FUNDRAISING INCOME

Fundraising events
Total 2021		 Unrestricted
funds
2022
£
67,547		 Restricted
funds
2022
£
-		 Total
funds
2022
£
67,547		 Total
funds
2021
£
79,219
44,076 35,143 79,219

Page 26

THE JIGSAW TRUST

(A company limited by guarantee)

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

5. DIRECT COSTS

Other operating leases
Insurance
Light and heat
Postage and stationery
Sundries
Recruitment costs
Materials and activities
Consultant fees and expenses
Repairs and small equipment
Conventions and exhibitions
Training costs
Depreciation of tangible fixed assets
Wages and salaries
National insurance
Pension cost
Total 2021		 Education
and
outreach
support
£
261,816
27,573
96,284
44,334
145,666
151,559
197,928
133,245
171,511
12,537
77,557
158,527
2,996,061
241,757
63,368		 Total
2022
£
261,816
27,573
96,284
44,334
145,666
151,559
197,928
133,245
171,511
12,537
77,557
158,527
2,996,061
241,757
63,368		 Total
2021
£
252,384
27,320
32,912
45,202
135,485
102,521
167,969
191,709
160,840
12,774
73,703
123,839
3,054,427
248,604
61,888
4,779,723 4,779,723 4,691,577
4,691,577 4,691,577

6. GOVERNANCE COSTS

Auditor's remuneration
Auditor's non audit costs
Postage and stationery
Bank charges
Wages and salaries
National insurance
Pension cost
Total 2021		 Governance
£
8,400
11,484
5,657
547
69,156
6,241
1,459		 Total
2022
£
8,400
11,484
5,657
547
69,156
6,241
1,459		 Total
2021
£
9,988
14,382
6,622
890
68,890
7,005
2,987
102,944 102,944 110,764
110,764 110,764

Page 27

THE JIGSAW TRUST

(A company limited by guarantee)

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

6. GOVERNANCE COSTS (continued)

During the year ended August 31, 2022, the company incurred the following governance costs:

£ NIL (2021 - £NIL) included within the table above in respect of direct costs.

£ NIL (2021 - £NIL) included within the table above in respect of raising funds.

7. NET INCOME/(EXPENDITURE)

This is stated after charging:

Depreciation of tangible fixed assets:
- owned by the charitable group		 2022
£
158,786		 2021
£
123,839

During the year, no Trustees received any remuneration (2021 - £NIL). During the year, no Trustees received any benefits in kind (2021 - £NIL). During the year, no Trustees received any reimbursement of expenses (2021 - £NIL).

8. AUDITORS' REMUNERATION

The auditor's remuneration amounts to an audit fee of £8,400 (2021 - £9,988), and fees for payroll services and the preparation of the accounts of the trading subsidiary of £11,484 (2021 - £14,382).

Page 28

THE JIGSAW TRUST

(A company limited by guarantee)

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

9. STAFF COSTS

Staff costs were as follows:

Wages and salaries
Social security costs
Other pension costs
The average number of persons employed by the company during
Charitable
The number of higher paid employees was:
In the band £60,001 - £70,000
In the band £70,001 - £80,000
In the band £80,001 - £90,000
In the band £100,001 - £110,000
In the band £110,001 - £120,000		 2022
£
3,065,217
247,998
64,827		 2021
£
3,186,428
262,262
64,875
3,378,042 3,513,565

10. TANGIBLE FIXED ASSETS

Group
Cost
At September 1, 2021
Additions
At August 31, 2022
Depreciation
At September 1, 2021
Charge for the year
At August 31, 2022
Net book value
At August 31, 2022
At August 31, 2021		 Improve-
ment to
property
£
637,013
79,738		 Plant and
machinery
£
175,174
69,967		 Motor
vehicles
£
167,870
5,038		 Fixtures and
fittings
£
315,380
4,994		 School
equipment
£
534,993
66,765
601,758
360,966
50,351
411,317
190,441
174,027
716,751 245,141 172,908 320,374
554,260
80,682		 57,647
17,588		 157,106
4,029		 260,861
6,136
634,942 75,235 161,135 266,997
81,809 169,906 11,773 53,377
82,753 117,527 10,764 54,519

Page 29

THE JIGSAW TRUST

(A company limited by guarantee)

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

10. TANGIBLE FIXED ASSETS (continued)

Group
Cost
At September 1, 2021
Additions
At August 31, 2022
Depreciation
At September 1, 2021
Charge for the year
At August 31, 2022
Net book value
At August 31, 2022
At August 31, 2021
Company
Cost
At September 1, 2021
Additions
At August 31, 2022
Depreciation
At September 1, 2021
Charge for the year
At August 31, 2022
Net book value
At August 31, 2022
At August 31, 2021		 Improve-
ment to
property
£
636,022
79,738		 Plant and
machinery
£
165,211
68,935		 Motor
vehicles
£
167,870
5,038		 Fixtures and
fittings
£
294,552
4,994		 Total
£
1,830,430
226,502
2,056,932
1,390,840
158,786
1,549,626
507,306
439,590
School
equipment
£
534,993
66,765
715,760 234,146 172,908 299,546 601,758
553,269
80,682		 47,684
17,136		 157,106
4,029		 245,862
4,212		 360,966
50,351
633,951 64,820 161,135 250,074 411,317
81,809 169,326 11,773 49,472 190,441
82,753 117,527 10,764 48,690 174,027

Page 30

THE JIGSAW TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
Company
Cost
At September 1, 2021
Additions
At August 31, 2022
Depreciation
At September 1, 2021
Charge for the year
At August 31, 2022
Net book value
At August 31, 2022
At August 31, 2021
11.
STOCKS
Group
2022
2021
£
£
Raw materials
1,902
2,014
12.
DEBTORS
Group
2022
2021
£
£
Trade debtors
160,096
563,198
Amounts owed by group undertakings
-
-
Other debtors
94,849
156,389
Prepayments and accrued income
77,903
75,450
332,848
795,037		 NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
Company
Cost
At September 1, 2021
Additions
At August 31, 2022
Depreciation
At September 1, 2021
Charge for the year
At August 31, 2022
Net book value
At August 31, 2022
At August 31, 2021
11.
STOCKS
Group
2022
2021
£
£
Raw materials
1,902
2,014
12.
DEBTORS
Group
2022
2021
£
£
Trade debtors
160,096
563,198
Amounts owed by group undertakings
-
-
Other debtors
94,849
156,389
Prepayments and accrued income
77,903
75,450
332,848
795,037		 NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
Company
Cost
At September 1, 2021
Additions
At August 31, 2022
Depreciation
At September 1, 2021
Charge for the year
At August 31, 2022
Net book value
At August 31, 2022
At August 31, 2021
11.
STOCKS
Group
2022
2021
£
£
Raw materials
1,902
2,014
12.
DEBTORS
Group
2022
2021
£
£
Trade debtors
160,096
563,198
Amounts owed by group undertakings
-
-
Other debtors
94,849
156,389
Prepayments and accrued income
77,903
75,450
332,848
795,037		 NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
Company
Cost
At September 1, 2021
Additions
At August 31, 2022
Depreciation
At September 1, 2021
Charge for the year
At August 31, 2022
Net book value
At August 31, 2022
At August 31, 2021
11.
STOCKS
Group
2022
2021
£
£
Raw materials
1,902
2,014
12.
DEBTORS
Group
2022
2021
£
£
Trade debtors
160,096
563,198
Amounts owed by group undertakings
-
-
Other debtors
94,849
156,389
Prepayments and accrued income
77,903
75,450
332,848
795,037		 Total
£
1,798,648
225,470
2,024,118
1,364,887
156,410
1,521,297
502,821
433,761
Company
Group
2021
£
2,014
2022
£
1,902		 2022
£
-		 2021
£
-
Group
2021
£
563,198
-
156,389
75,450		 Company
2022
£
160,096
-
94,849
77,903		 2022
£
156,492
276,215
94,849
76,639		 2021
£
561,133
236,181
155,074
75,969
332,848 795,037 604,195 1,028,357

Page 31

THE JIGSAW TRUST

(A company limited by guarantee)

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

13. CREDITORS: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 Group
2021
£
83,686
62,700
126,436
1,598,360		 Company
2022
£
90,356
73,178
55,875
438,668		 2022
£
80,976
69,026
55,531
433,057		 2021
£
76,181
61,460
126,124
1,579,458
658,077 1,871,182 638,590 1,843,223

Page 32

THE JIGSAW TRUST

(A company limited by guarantee)

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

14. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

Balance at
September
1, 2021
£
Designated funds
Designated Funds
-
General funds
Reserves
802,943
Total Unrestricted funds
802,943
Restricted funds
Restricted Funds
37,858
Total of funds
840,801
Restricted fund
Restricted fund consists of funds for improvement of the arts room.
STATEMENT OF FUNDS - PRIOR YEAR
Balance at
September
1, 2020
£
General funds
Reserves
794,248
Restricted funds
Restricted Funds
37,858		 Balance at
September
1, 2021
£
-		 Income
£
312,000		 Expenditure
£
-
802,943 4,705,840 (5,101,709)
802,943 5,017,840 (5,101,709)
37,858 128,563 (23,365)
840,801 5,146,403 (5,125,074)

Income
£
5,005,735
Expenditure
£
(4,997,040)
37,858 58,082 (58,082)

Page 33

THE JIGSAW TRUST

(A company limited by guarantee)

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

15. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the year (as per Statement of Financial Activities)
Adjustment for:
Depreciation charges
Decrease in stocks
Decrease in debtors
(Decrease)/increase in creditors
Net cash (used in)/provided by operating activities
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash at bank
Total		 Group
2021
£
8,695
123,839
1,855
510,540
193,024
2022
£
21,329
158,786
112
462,189
(1,213,104)
(570,688) 837,953
Group
2021
£
1,475,341
2022
£
678,151
678,151 1,475,341

16. ANALYSIS OF CASH AND CASH EQUIVALENTS

17. CONTINGENT LIABILITIES

There were no contingent liabilities at the end of the financial year.

18. CAPITAL COMMITMENTS

The company had no capital commitments as at the current and previous balance sheet date.

19. PENSION COMMITMENTS

The Pensions’ Trust

This is a defined contribution pension scheme and contributions paid by the Charity amounted to £64,827 (2021 – £64,875).

Page 34

THE JIGSAW TRUST

(A company limited by guarantee)

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

20. OPERATING LEASE COMMITMENTS

At August 31, 2022 the total of the group’s future minimum lease payments under non-cancellable operating leases was:

Group
Amounts payable:
Within 1 year
Between 1 and 5 years
Total		 2022
£
218,876
1,094,380		 2021
£
218,876
1,313,256
1,313,256 1,532,132

21. RELATED PARTY TRANSACTIONS

At the balance sheet date, the group was owed £154,636 (2021: £155,626) by Jigsaw +, a sister charity. Jigsaw Trust is the sole member of Jigsaw +.

Page 35