Reglstered number: 03734127
Charfty number: 1075464
THE JIGSAW TRUST
(A company limited by guarantee)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

THE JIGSAWTRUST
(A company limited by guarantee)
CONTENTS
Page
Reference and adminlstratlve detsils of the charity, Its trustees and advisers
Trustees. report
2-11
Independent audltors, report
12-15
Consolidated statement of financial activities
16
Consolidated balance sheet
17
Charity balance sheet
18
Consolidated statement of cash flows
19
Notes to the financlal statements
20-34

THE JIGSAW TRUST
(A company Ilmlted by guarantee}
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
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 Keamey
Ms J A Kiely. Chair
Mr G Prothero. Vice Chair
Company registered
number
03734127
Charlty reglstered
number
1075464
Registered office
19-20 Boume Court
Southend Road
Woodford Green
Essex
IG8 8HD
Company se¢retsry
Ms C F Grant
Independent auditors
Xeinadin Audit Limited. Statutory Auditor
8th Floor. Becket House
36 Old Jewry
London
EC2R 8DD
Bankers
Lloyds Bank PIC
25 Gresham Street
London
EC2V 7HN
Page 1

THE JIGSAWTRUST
(A company limlted by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
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 2024. The trustees have adopted
the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
charilies 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 alms
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 educalion, 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
lrfe. 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 Ihe 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 lrfelong leaming possible., to accelerate leaming and the ability to learn in new
ways as well as acquiring the skills to leam independently through behavioural methods. To this end, we have
established and developed services delivered through our school, our social enterprises and the centre for
lrfelong leaming which provides services to adult learners through Jigsaw + a separate charity of which The
Jigsaw Trust is the sole member. Further infonnation on Jigsaw + including the services provided can be found
in the Trustees, Report for Jigsaw +
Page 2

THE JIGSAWTRUST
(A company limlted by guarantee)
TRUSTEES, REPORT {¢ontinued)
FOR THE YEAR ENDED 31 AUGUST 2024
Public benefit
The Jigsaw Trust is established for the public benefit by way of the education and welfare of chlldren and young
adults with autism spectwm disorders and related communication disorders. improving the lives of those
affected by these lifelong disorders. The Jigsaw Twst 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..
A specialist day school for children wth autism spectrum disorders and related communication disorders
based on the principles of applied behaviour analysis. It being acknowledged that there is a lack of state
provided special educational provision for those on the autistic spectrum who are unable to manage
within a mainstream educational setting
Social enterprises
Family support by way of outreach services and parent education sessions
Training for professionals involved in the education and support of children with autism spectrum
disorders
Research opportunities for those wtth an interest in the education of children with autism and other
autistic and related communication disorders
Raising awareness of the difficulties faced by Ihose affected by autism and their familieslcarers.
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 benefrt is not restricted to any one local authority but is detemiined 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@ SchcK)l 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 vthich leaming both in and out of Ihe classroom is encouraged with the focus on
improving outcomes in all areas of the Gurricula.
Equal Opportunities policy
The Trustees recognise that equal opportunities should be an integral part of good practice within the
workplace. Jigsaw Tnjst aims to establish equal opportunities in all areas of its aclivities 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 3

THE JIGSAWTRUST
(A company limited by guarantee)
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
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 wsiting Dunsfold Park and provides work experience and life skills
learning opportunities for pupils at The Jigsaw CABAS@ School. principally those in Key Stsges 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 indiwdual learning plans for which no charge is made. The Trustees review and agree
the acceplable 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 leamers from 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 seNices. finance, facilities. HR and IT. Staff in
these business areas are employed by Jigsaw Trust and the costs associated with these areas are apportioned
be￿een The Jigsaw CABAS@ School and Jigsaw +
Alms of Jigsaw CABAS@ School
To work logether as a team to ensure that every pupil achieves their full potential by providing-
a safe. caring and enjoyable environment where all pupils can thrive and grow and become lifelong
learners
a specialist approach to leaming based on the proven principles of Applied Behaviour Analysis that
encourages self esteem and respect for others
an individual needs led programme designed around a broad and balanced curriculum that incorporates
the National Curriculum. encourages curiosity and enthusiasm and promotes independence. confidence
and resilience
parent education and encouraging partnerships between parents and staff to ensure that pupils are
equipped for future challenges
a continuous learning and development programme for teaching staff leading to recognised
qualifications.
Our Strategy and Future Plans
The strategy of Jigsaw Trust remains to support the growth and development of the charitys 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 and the launch of a training platform that can be a¢cessed
by the wider community, thus providing an additional income stream. It is however. recognised that the impact
both of the covid pandemic and Brexit on those looking to enter the educational and care sectors has resulted in
a challenging recruitment market, and this together wlh restriclions on local authority funding has impacted our
aspirations to develop an integrated lifelong learning model. Whilst this remains a medium term aim, the
immediate focus continues to be on ensuring the efficient operation and grovAh of The Jigsaw CABAS@ School.
We have continued to offer certified training for staff and have also taken the opportunity to publish our latest
research in peer reviewed joumals 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.
Page 4

THE JIGSAW TRUST
(A company limited by guarantee)
TRUSTEES, REPORT (continued}
FOR THE YEAR ENDED 31 AUGUST 2024
Achievements and perfomiance
Jigsaw CABAS@ School
At Jigsaw CABAS@ School. our longest established activity. we have continued with our strong record of
aGhievement. The number of pupils attending the school has increased during the 202324 academic year with
79 pupils on roll as at 31 st August 2024 compared to 76 at the start of the academic year. The Trust previously
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.
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 wero able to secure a limited increase,
this was substantially below that requested, however as part of the negotiations. Surrey County Council agreed
to forfeit any rights under Ihe agreement to a rebate on fees. Under Ihe terms of the agreement wilh Surrey
County Council, fees payable to the School increase in line with the National Association of Special Schools
agreed formula each June effective from June 2024.
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. Their commttment to the School and the
leamers is clearly evident in the Outstanding rating following an Ofsled inspection in September 2023. This is
the fifth consecutive Ofsted Outstanding rating and the Trustees and School Govemors are immensely proud of
the staff and all they do to support and encourage the leamers.
The School has continued to benefit from the close links maintained y￿th 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.
The School continues to support parents and carers with the outreach service that is available lo pupils and
their families. We have regular information sessions for parents offering time for questions as well as regular
workshopsleducation sessions for parents and other professionals.
Fundraising activities
With the ever growing pressure on local services. and uncertainty regarding the political and economic
environment, the need for fundraising at Jigsaw Trust is increasing year on year, in particular for various
projects that enhance the leaming environment and which are not covered within the fees received from local
authorities. 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
the services of The Jigsaw Trust. The overall strategy of the Fundraising Team remains lo seek to diversify
fundraising income, significantly increase core income and build a strategic framework that will enable Jigsaw
Trust's fundraising activities lo alleviate financial pressure across the Trust.
We would like to thank the following organisations and supporters tor their help and kindness
throughout the year:
Guildford Lions, P.Mellstrom. Co-op, Percy BI￿on. Losely Christian Trust, Variety Golf, Ledmore. St. Nichollas
Cranleigh, Steven Bloch Charitable Trust, Donald & Edna Wilson, Sport Systems. Loughborough Students,
Vestis Cleaning. Wavedey B.C.. Global 4 Comms. Bloss Family Foundation, Vi Vinson Charity, HDH Wells, EF
& MG Hall. S. Cripps. Mageri Trust. lan Atkins Trust, J.Wise Charity. Falcon energy, AJ Page, Vitrx,Wye
Consulting, Line Management, S Donaldson, Overbury. M&C Wing. Elite OffiGe Systems, Strada Construction.
H Sherlock.
Page 5

THE JIGSAW TRUST
(A company limited by guarantee)
TRUSTEES. REPORT {¢ontinued}
FOR THE YEAR ENDED 31 AUGUST 2024
We would also like to thank everyone who has supported Jtgsaw Trust in during the 2023 24 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
ommunity.
Total raised for Ihe Trust excluding other exceptional income
below
Made up of Unrestricted income
Other donations
Total raised for the twst
£70,436
£71,045
£141,481
Significant supporters of the Trust include:
Dunsfold Airport
£54,526
Variety Golf
£49,350
Guildford Lions
£6,000
P. Mellstrom
£5,000
C(Fop
£3.880
Percy Bilton
£3,468
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 indirectty by taking part in the fundraising activities.
FINANCIAL REVIEW
Reserves pollcy
The Trustees have agreed that the charitable company should maintain unrestricted funds. which are the free
reseNes of the charitable company at a level equivalent to cover approximately three months running costs of
The Jigsaw CABAS@ School. For the financial year 2023 24 three months running costs are estimated lo be
£1,475.000 and the total free reserves as at 31 August 2024 were £723.574. Although reserves as at 31st
August 2024 do not meet the desired level, the Twstees are committed to the reserves policy. While the
challenges of Covid. the squeeze on Local Education Authority finances and recent increases in Employers Nl
contributions have made it difficult lo build reserves to these levels, the Trustees are committed lo Ihe policy
and focused on raising additional funds to improve reserves at the earliest opportunity.
Financial Results
The financial results for the year to 31 August 2024 are shown in the attached financial statements.
The greater part of the Trust's income (959kn) is generated by the School vthich received the majority of its
income from Local Authorities.
Total income increased by 11% to £5.759.124 (2023 £5.179.890). School fee income increased by 11.9 % to
£5,467.756 (2023 £4.884.429). There was an increase in the Café income of £21,717. There was a reduction in
Fundraised Income and donations of £34,979. Total expenditure rose by 14°k to £5,901.120 (2023 £5,176,450),
in line with the increase in pupil numbers and higher than expected staff costs at the Café due to the need to
employ agency staff pending recruitment of permanent staff. The average number of pupils throughout the year
was 77. The school started the academic year with 76 pupils. but numbers increased to the position where there
were 79 pupils on roll at the year end.
There was a net reduction in funds post depreciation of £141,996 {increase 2023 £3.440) total funds carried
forward of £723,57412023 £865,570).
Page 6

THE JIGSAW TRUST
(A company limited by guarantee)
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
VAT
Following the imposition of VAT on private school fees with effect from 1st January 2025. the Trust is now
registered for VAT and school fees for the spring 2025 temi were invoiced and paid inclusive of VAT.
INDEPENDENT ASSURANCE
Raffingers LLP have undertaken the statutory extemal audit of The Jigsaw Trust and its subsidiary Jigsaw
Trading12013) Limited. They also report on the adequacy and effectiveness of The Jigsaw Trust's system of
internal financial control through. rf considered necessary, the qualification of the annual financial accounts, the
'management letterf and ad hoc assessments and reviews.
GOING CONCERN
The Trustees have considered the financial position and prospects of the Trust. At the request of the Trustees
of Jigsaw + of which The Jigsaw Trust is the sole member. the Trustees of The Jigsaw Trust have provided
written assurance that the loan to Jigsaw+ recorded under note 21 to the financial statements below will not be
called-in for the foreseeable future. Having considered the financial position. prospects, forecast and
management plans for Jigsaw+ the Trustees are of the opinion that this loan will be repaid in full in due course.
In conclusion. and 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 concem basis in preparing the financial statements for the year ended
31 August 2024. 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 charty is controlled by its goveming 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 followng. the company members are required lo contribute an amount
not exceeding £1. The company is registered under Ihe Companies Act. England and Wales (Company
Regislralion Number 03734127) and wtth Ihe Charity Commission (Charity Registralion Number 1075464) and
is governed by its memorandum and articles of asS(￿lation.
The Jigsaw Trust has two subsidiaries both of which are wholly owned, Jigsaw Trading (2013) Limited and
Jigsaw Training 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). Jigsaw Training Limited is constituted as a company limited by
shares and was incorporated on 25 May 2023. As wholly owned subsidiaries the financial statements of Jigsaw
Trading {2013) Limited and Jigsaw Training Limited are incorporated within the consolidated accounts of The
Jigsaw Trust. The CEO of The Jigsaw Trust is the sole director of both Jigsaw Trading (2013) Limited and
Jigsaw Training Limited.
Page 7

THE JIGSAW TRUST
(A company Ilmited by guarantee)
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
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 V￿th 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.
The Jigsaw CABAS@ School Govemors have responsibility for the oversighl 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 wilh 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 (Co-chair)
Ms Sarah Collyer (appointed 16 September 2024)
Mr A J Dalton (Vice-chair)
Mrs J A Kiely
Dr J A Russell {retired 11 June 2024)
Mrs L E Craven (retired 2 December 2024)
Mr M P Jane (Parent Governor)
Mr O L Lewis (Parent Governor}
Mr Neville Moriarty (Co-chair) (appointed 16 September 2024)
Mrs Victoria Woods {appointed 16 September 2024)
Ms C F Grant (ex-officio, CEO)
Ms E L Hawkins (ex-officio. Director of Education)
Mrs H L Locke (Staff Govemor)
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 Managemenl.
Recrultment and appointment of new trustees
The trustees are directors of the Gharitable 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 2023 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 Irustees may be appointed by the
exisling trustees at any time. either to fill a casual vacancy or as an addition to the existing Irustees. 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.
Induction and tralning 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. Ihe Governing Body of The Jigsaw CABAS@
School.
Page 8

THE JIGSAW TRUST
(A company limited by guarantee)
TRUSTEES. REPORT {contlnued)
FOR THE YEAR ENDED 31 AUGUST 2024
Organisational structure
The principal activty 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 spectwm disorder. Overall responsibility for Jigsaw
Trust lies wilh the Trustees, a number of whom are members of the Goveming Body of the Jigsaw CABAS@
School andlor 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 rnonitoring perfomanGe against the plan and budget. Each of the Trustees are responsible for
the oversighl of one or more business areas acting as the link between the senior management of that area and
Ihe Board of Trustees. These cover-
Finance
Human Resources
Facilities and Health and Safety
Business Development and Marketing
Fundraising and PR
School
Adull 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
Teporting progress and any significant issues at each Trusiee meeting.
The Board of Trustees has reviewed and approved those matters reserved to the Board and established
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 al 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 lo the CEO of The Jigsaw Trust. and in respect of Jigsaw CABAS@ School to the Govemors. 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 135 people as at 31 August 2024.
102 at Jigsaw CABAS@ School
(P￿ 19)
4 at Jigsaw Trading
(P￿ 2)
29 at Jigsaw Trust Shared Services
(P￿ 6)
Full time 108 and part time 27
Jigsaw Trust does not discriminate unlawfully against leamers. 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 ils impact
on staff, learners and parentslcarers.
Jigsaw Trust complies with its general duties under Ihe 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.
Page 9

THE JIGSAW TRUST
(A company limited by guarantee)
TRUSTEES. REPORT {continued)
FOR THE YEAR ENDED 31 AUGUST 2024
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 analyknc training programmes to enable them to progress both within and outside the
organisation. These training programmes provide ￿rtifiCatiOn 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 extemal training vthere appropriate.
RELATED PARTIES
None of the Trustees received any remuneration 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 Truslees
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 vthich 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 disGlosure issued by
the Disclosure and Barring Service (DBS) and receive training regarding safeguarding both on commencing
employrnent and at least annually thereafter.
Page 10

THE JIGSAW TRUST
(A company limited by guarantee)
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
TRUSTEES. RESPONSIBILITIES STATEMENT
The Trustees (who are also directors of The Jigsaw Trust for the purposes of company law) are responsible for
prepartng 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 ￿rnpanY and the group and of the incoming resources and
application of resources. including the income and expenditure. of the charitsble group for that period. In
preparing these financial statements. the Trustees are required to:
select suitable accounting policies and then apply them consistently,
observe the methods and principles in the Charities SORP:
make judgments and accounting estimates that are reasonable and prudent"
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
charitable group wll conlinue in operation.
The Trustees are responsible for keeping adequate accounting records Ihat are sufficient to show and explain
Ihe 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 lo ensure that the financial statements comply with
the Companies Act 2006. They are also responsible for safeguarding the assets of the charilable 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 vthen this Trustees. report is approved has confirmed that:
so far as that Trustee is aware, there is no relevant audit information of which the charitable group's
auditors are unaware, and
that Trustee has taken all the steps that ought to have been taken as a Twstee in order to be aware of
any relevant audit infomiation and to establish that the charitable group's auditors are aware of that
infomiation.
This report w
approved by the Trustees. on 12 May 2025 and signed on their behalf by:
Mr G Prothero, Vice Chalr
Page11

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 charitv) and its subsidiaries (the
'group') for the year ended August 31. 2024 set out on pages 16 to 34. 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 stalements:
give a true and fair view of the state of the group's and of the parent charttable companvs affairs as at
August 31. 2024 and of Ihe group's incoming resources and applicalion of resources, including its income
and expenditure for the year then ended"
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice: and
have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities
Act2011.
BASIS FOR OPINION
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS {UKI) 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 Ihe charitable companls ability to
continue as a going concern for a period of at least I￿e1ve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees ￿￿th respect to going concem are described in the
relevant sections of this report.
OTHER INFORMATION
The Trustees are ￿SponSIble for the other infomiation. The other infonnation Ixjmprises the infomiation
included in the Annual report, other than the financial siatements and our Auditors, reporl thereon. Our opinion
on the financial statements does not cover the other information and, except to the exlent othe￿Vise 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 infomiation and, in
doing so, consider whether the other information is materialty 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 12

THE JIGSAWTRUST
(A company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE JIGSAWTRUST
inconsistencies or apparent material misstatements. we are required to determine whether there is a material
misstalement in the financial slatements 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 MArrERS PRESCRIBED BY THE COMPANIES ACT 2006
In our opinion. based on the work undertaken in the course of the audit:
the information given in the Trustees, report for the finan￿al year for which the financial statements are
prepared is consistent with the financial statements.
the Twstees. report has been prepared in accordance with applicable legal requirements.
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-
the parent charity has not kept adequate and sufficient accounting records. or retums adequate for our
audit have not been received from branches not visited by us: or
the parent charty financial statements are not in agreement with the accounting records and returns; or
certain disclosures of Trustees, remuneration specified by law are not made: or
we have not received all the information and explanations we require for our audit. or
the Trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies. exemptions in preparing the Trustees,
report and from the requirement to prepare a Group stralegic report.
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the Trustees. responsibilities statement. the Trustees (who are also the directors of
the charity 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 intemal control as the Trustees determine is
necessary to enable the preparation of financial statements that are free from material misslatement. whether
due to fraud or error.
In preparing the financial statements, the Twstees are responsible for assessing the group's and the parent
charitable companvs ability to continue as a going concem. disclosing, as applicable. matters related to going
concern and using the 90ing concern basis of accounting unless the Trustees either intend to liquidate the
group or the parent charilable company or to cease operations. or have no realistic alternalive but to do so.
Page 13

THE JIGSAWTRUST
(A company limited by guarantee)
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 freg
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 identifwng and assessing the risks of material misstatement in respect of irregularities,
including fraud and non-compliance with laws and regulations, was as follows:
-the engagement partner ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.
-we identified the laws and regulations applicable to the charity through discussions with trustees and other
management, and from our commercial knowledge and experience of the charity sector.
-we focused on specific laws and regulations which we considered may have a direct material effect on the
accounts or the activities of the charity. These included but were not limited to the Companies Act 2006,
Charities Act 2011" Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the United
Kingdom and Republic of Ireland (FRS 102) (effective 1 January 2019),. Employment Law; Data Protection
Legislation,. The Code of Fundraising Practice: and Safeguarding Regulalions as they affect the direct charitable
activities of the charity.
-we assessed the extent of compliance with the laws and regulations identified above through making enquiries
of management and inspecting legal correspondence where necessary.
We assessed the susceptibility of the charitys financial statements to material misstatement, including obtaining
an understanding of how fraud might occur. by:
-making enquiries of management as to where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud- and
-considering the intemal controls in pla￿ to mitigate risks of fraud and non-compliance with laws and
regulations.
To address the risk of fraud through management bias and override of controls, we:
-performed analytical procedures to identify any unusual or unexpected transactions.
-tested the appropriateness of joumal entries:
-tested authorisation of expenditure-
-assessed whether judgements and assumptions made in determining the accounting estimates were indicative
of potenlial bias: and
-investigated
rrationale
behind
significant
or
unusual
transactions.
To address the risk that revenue could be misstated due to fraud, we:
-obtained an understanding of the charitys revenue recognition policies and compared these to the accounting
slandard.,
-performed a walkthrough to confinn our underslanding of the processes and controls through which the charity
initiates. records, processes and reports revenue transactions;
-tested a sample of revenue transactions to supporting evidence., and
-tested,
on
sample
basis,
revenue
related
balances
in
the
balance
sheet.
In response to the risk of irregularities and non-compliance wilh laws and regulations. we designed procedures
which included, but were not limited to..
Page 14

THE JIGSAWTRUST
(A Company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE JIGSAW TRUST
which included, but were not limited to:
-agreeing financial statement disclosures to underfying supporting documentation.
-reading the minutes of meetings of those charged with govemance.
-enquiring of management as to actual and potential litigation and claims-, and
-reviewing Gorrespondence with HMRC. relevant regulators. and the companls legal advisors.
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 identfy non-compliance with laws and regulations
to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if
any.
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 responsibiliti8s for the audit of the financial statements is located on the Financial
Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description fomis part of our Report
of the Independent Auditors.
USE OF OUR REPORT
This report is made solely to the charitable companys members. as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006, and to the charitable companVs 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 companls members those matters we are required to state to them in an Auditors, report and for no
other purpose. To the fullest extent pemiitted by law. we do nol accepl or assume responsibility to anyone other
Ihan 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 {Senlor Statutory Auditor)
for and on behalf of Xeinadin Audit Limited, Statutory Auditor
8th Floor, Becket House
36 Old Jewry
London
EC2R 8DD
Date:
Xeinadin Audit Limited is eligible lo aci as auditors in temis of section 1212 of the Companies Acl 2006.
Page 15

THE JIGSAW TRUST
(A company Ilmited by guarantee)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND
EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
INCOME FROM:
Donalions and legacies
Charitable activities
Other trading activities:
Fundraising
Trading activities
Investments
71.045
5,467.756
71,045
5,467,756
121,355
4.884,429
70,436
135.652
14,235
70,436
135,652
14,235
55, 105
113,935
5.066
TOTAL INCOME
5,759,124
5,759,124
5,179.890
EXPENDITURE ON:
Raising funds
Charitable actlvities:
Direct costs
Governance costs
283,407
283,407
257. 795
5,436,638
131,075
50,000
5,486.638
131,075
4, 805,243
113,412
TOTAL EXPENDITURE
5.851,120
50,000
5,901,120
5, 176,450
NET INCOME I (EXPENDrruRE) BEFORE
OTHER RECOGNISED GAINS AND LOSSES
NET MOVEMENT IN FUNDS
(91,996)
(91,996)
{so,000) (141,996)
(50,000) (141,996)
3,440
3,440
RECONCILIATION OF FUNDS:
Total funds brought forward
815.570
50,000
865,570
862, 130
TOTAL FUNDS CARRIED FORWARD
723.574
723,574
865.570
The notes on pages 20 to 34 fomi parl of these financial statements.
Page 16

THE JIGSAWTRUST
(A company limited by guarantee)
REGISTERED NUMBER: 03734127
CONSOLIDATED BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
FIXED ASSETS
Tangible assets
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
10
628.189
541,647
11
12
3,500
546,601
360,460
1,902
1,924,448
337,366
910,561
2,263,716
CREDITORS: amounts falling due within
one year
13
(815,176)
(1,939, 793)
NET CURRENT ASSETS
95,385
323.923
NET ASSETS
723,574
865,570
CHARITY FUNDS
Restricted funds
Unrestricted funds
14
14
50,000
815,570
723,574
TOTAL FUNDS
723,574
865,570
The charitys 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:
12 May 2025
Mr G Prothero, Vice Chair
The notes on pages 20 lo 34 form part of these financial statements.
Page 17

THE JIGSAWTRUST
(A company limited by guarantee)
REGISTERED NUMBER: 03734127
CHARITY BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
FIXED ASSETS
Tangible assets
10
623,800
538.594
CURRENT ASSETS
Deblors
Cash at bank
12
926,872
351,260
2,241,000
325,058
1,278,132
2,566,058
CREDITORS: amounts falling due within
one year
13
(804,460}
(1.928,495)
NET CURRENT ASSETS
473,672
637,563
NET ASSETS
1,097,472
1,176,157
CHARITY FUNDS
Restricted funds
Unrestricted funds
50,000
1,126.157
1.097,472
TOTAL FUNDS
1,097,472
1.176,157
The charitys 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:
12 May 2025
Prothero, Vice Chair
The notes on pages 20 to 34 form part of these financial statements.
Page 18

THE JIGSAWTRUST
(A company limited by guarantee)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Note
Cash flows from operating activities
Net cash provided byl(used in) operating activities
15
311,278
(180.057)
Cash flows from invesllng activities:
Purchase of tangible fixed assets
(288,184)
(160, 728)
Net cash used in investing activities
(288,184)
(160. 728)
Change in cash and cash equlvalents in the year
Cash and cash equivalents brought fomrd
23,094
337,366
(340, 785)
678,151
Cash and cash equivalents carried forward
16
360,460
337,366
The notes on pages 20 to 34 fomi part of these financial statements.
Page 19

THE JIGSAW TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES
1.1 Basls 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 re¢￿gnised at historical cost or transaction value unless othe￿ise stated in the relevant
accounting policy.
The Statement of financial activities (SOFA) and Balance sheet consolidate the financial statements
of the charity and its subsidiary undertaking. The results of the subsidiaws are consolidated on a
line by line basis.
No separate SOFA has been presented for the charity alone as permitted by section 408 of the
Companies Act 2006.
1.2 Company status
The charity is a company limited by guarantee. The members of the company are the Trustees
named on page 1. In the event of the charity being wound up. the liability in respect of the
guarantee is limited to £1 per member of the charity.
1.3 Golng concem
The trustees, having made appropriate enquiries, consider that adequate resources exist for the
charitable company to continue in operational existence for the foreseeable future and that, therefore.
it is appropriate to adopt going concern basis in preparing Ihe financial statements as al and for the
period ended 31 August 2023. The trustees have made this assessment in respect to a period of one
year from the date of approval of these accounts.
The trustees have concluded that there are no material uncertainties related to events or conditions
that may cast significant doubt on the ability of the charitable company to continue as a going
concern. The trustees are of the opinion that the charitable company will have sufficient resources to
meet the liabilities as they fall due.
Page 20

THE JIGSAWTRUST
(A Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES (CONTINUED)
1.4 Income
All income is recognised once the charity 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 Ihe date on which either- the charity is aware that
probate has been granted. the estate has been finalised and notification has been made by the
executorls) 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 charity has been notified of Ihe executorfs intenlion to make a dislribution.
Where legacies have been notified to the charity. or the charity 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 serwces or facilities are ￿COgniSed when the charity has control over the item, any
conditions associated with the donated ttem have been met, the receipt of economic benefit from the
use of the charity of tho item is probable and that economic benefit can be measured reliably. In
accordarice 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 iheir contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the
value of the gift to the charity vthich is the amount the charity would have been willing to pay to
obtain services or facilities of equivalenl economic benefit on the open market. a corresponding
amount is Ihen recognised in expenditure in the perii)d of receipt.
Income lax recoverable in relation to donalions 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-moneiary grants shall not be recognised until there is reasonable
assurance that:
(a} the entity will comply wilh the conditions attached to them: and
(b) the grants will be received
Page 21

THE JIGSAW TRUST
(A company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES (CONTINUED)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third paty, 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 underiaking each activity. Direct costs attributable to a single
activity are allocated directly lo that activity. Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned be￿een 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 aGtivities. Support costs are those costs
incurred directly in support of expenditure on the objects of the charity and include project
management carried out at Headquarters. Govemance costs are those incurred in connection with
administration of the charity and compliance with constitutional and statutory requirements.
Costs of generating funds are costs incurred in attrading voluntary income. and those incurred in
trading activities that raise funds.
Charitable activities and Govemance costs are costs incurred on the chariws educational
operations, including support costs and costs relaling lo the govemance of the charity apportioned lo
charitable activities.
1.6 Basls 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 ac￿Unt for the year dealt wlh in the accounts of the charitable
company was net expenditure of £78,683 (2023 - net income of £65,351).
Page 22

THE JIGSAWTRUST
(Acompany limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES (CONTINUED)
1.7 Tangible fixed assets and depreciation
All assets costing more than £5.000 are capitalised.
A review for irnpaimlent of a fixed asset is Ca￿led out rf events or changes in circumstances indicate
that the carrwng value of any fixed asset may not be recoverable. Shorlfalls be￿een 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 al 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 eslimated
residual value, over their expecled useful lives on the following bases-
Improvement to property
Plant and machinery
Motor vehicles
Fixtures and fittings
School equipment
250/0 on cost
25 % on cost
20 % on cost
33Yo on cost
330/0 on cost
1.8 Interest receivable
Interest on funds held on deposrt is included when receivable and the amount can be measured
reliably by the charity- this is normalty upon notification of the interesl paid or payable by the Bank.
1.9 Operating leases
Rentals under operating leases are charged to the Statement of financial activities on a straight line
basis over the lease lemi.
1.10 Stocks
Stocks are valued at the lower of cosl 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.
1.11 Debtors
Trade and other debtors are recognised at Ihe settlement amount after any trade discount offered.
PrepayTnents are valued at the amount prepaid net of any trade discounts due.
1.12 Cash at bank and in hand
Cash at bank and in hand includes cash and short temi 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 23

THE JIGSAW TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES {CONTINUED)
1.13 Liabilities and provisions
Liabilities are recognised when there is an obligalion 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
charity 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 setue the obligalion. Where the effect of the lime 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.
1.14 Flnancial instruments
The charity 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.
1.15 Pensions
The charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the charity lo the fund in respect of the year.
1.16 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 charity 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.
Restricled funds are funds which are to be used in accordance with specrfic restrictions imposed by
donors or which have been raised by the charity 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.
1.17 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
estimaling the useful economic lrfe of tangible fixed assets for the purposes of detemiining the
annual depreciation charge.
Page 24

THE JIGSAW TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
INCOME FROM DONATIONS AND LEGACY
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations
71,045
71,045
121,355
Total 2023
71.355
50,000
121,355
INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Fees receivable
5,467.756
5.467.756
4,884.429
Total 2023
4,884.429
4,884,429
FUNDRAISING INCOME
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Fundraising events
70.436
70,436
55,105
Total 2023
55, 105
55, 105
Page 25

THE JIGSAWTRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
DIRECT COSTS
Education
and
outreach
support
Total
2024
Total
2023
Other operating leases
Insurance
Light and heat
Postage and stationery
Sundries
Recruilment costs
Materials and activities
Consultant fees and expenses
Repairs and small equipment
Conventions and exhibitions
Training costs
Depreciation of langible fixed assets
Wages and salaries
National insurance
Pension cost
279,849
32,635
47,097
49,106
113.814
76,465
254,528
195,219
173,484
12,347
112,235
155,445
3,606,185
301,094
77,135
279,849
32,635
47,097
49,106
113,814
76,465
254.528
195,219
173,484
12,347
112,235
155,445
3,606,185
301,094
77,135
278,200
28,714
41,050
44, 739
105,123
158,338
209, 104
196,697
162,501
13,967
89.877
126,387
3,003, 825
281,026
65, 695
5,486,638
5,486,638
4,805, 243
Total 2023
4,805.243
4, 805,243
GOVERNANCE COSTS
Total
2024
Total
2023
Governance
Auditorfs remuneration
Auditorfs non audit costs
Postage and stationery
Bank charges
Wages and salaries
National insurance
Pension cost
10,445
13,361
10,580
1,111
86,015
7,794
1,769
10.445
13,361
10.580
1.111
86,015
7,794
1.769
11,963
12,481
9,336
772
70,972
6,376
1,512
131,075
131,075
113,412
Total 2023
113,412
113,412
Page 26

THE JIGSAW TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
GOVERNANCE COSTS (continued)
During the year ended August 31, 2024. the charity incurred the following Govemance costs:
£NIL (2023 - £NIL) included within the table above in respect of Direct costs.
£NIL (2023 - £NIL) included within the table above in respect of Raising funds.
NET INCOMEI(EXPENDrruRE)
This is stated after charging=
2024
2023
Depreciation of tangible fixed assels-
- owned by the charitable group
164,684
126,387
During the year. no Trustees received any remuneration (2023 - £NIL).
During the year. no Trustees received any benefits in kind {2023- £NIL).
During the year. no Trustees received any reimbursement of expenses (2023 - £NIL).
AUDITORS. REMUNERATION
The Auditor's remuneration amounts to an Audit fee of £10,445 (2023 £11.963). and fees for payroll
services and the preparation of the accounts of the trading subsidiary of £13,361 (2023 - £12,481).
Page 27

THEJIGSAWTRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
STAFF COSTS
staff costs were as follows:
2024
2023
Wages and salaries
Social security costs
Other pension costs
3,692,199
308,888
78,905
3,074, 797
287,402
67,207
4,079,992
3,429,406
The average number of persons employed by Ihe charity during the year was as follows..
2024
2023
Charitable
134
121
The number of higher paid employees was:
2024
2023
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
10. TANGIBLE FIXED ASSETS
Improve
ment to
property
Plant and
machinery
Motor Fixlures and
vehicles
fittings
School
equipment
Group
Cost
At September 1, 2023
Additions
Disposals
716,750
95,536
305,T18
109,769
181.408
10,090
394,525
4,338
(46,196)
619,198
68,451
At August 31. 2024
812,286
415.547
191.498
352,667
687,649
Depreclatlon
At September 1. 2023
Charge for the year
On disposals
653,633
37.798
99,583
46,420
168.430
9,314
282,524
12,949
(9,239)
471,842
58.204
At August 31, 2024
691.431
146.003
177,744
286,234
530,046
Net book value
Page 28

THE JIGSAW TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
10. TANGIBLE FIXED ASSETS {continued)
At August 31, 2024
120.855
269,544
13.754
66,433
157,603
At August 31. 2023
63.117
206, 195
12.978
112,001
147,356
Total
Group
Cost
At September 1. 2023
Additions
Disposals
2,217,659
288,184
(46,196)
At August 31. 2024
2.459,647
Depreciation
At September 1. 2023
Charge for the year
On disposals
1.676,012
164,685
(9,239)
At August 31, 2024
1,831,458
Net book value
At August 31. 2024
628,189
At August 31, 2023
541,647
Improvemen
t to property
Plant and
machinery
Motor Flxtures and
vehicles
fittings
School
equipment
Charity
Cost
At September 1, 2023
Additions
Disposals
715,759
95,536
294,783
106,690
181.408
10.090
373,696
4,338
(46,196}
619,198
68,451
At August 31, 2024
811,295
401,473
191,498
331,838
687,649
Depreciation
At September 1. 2023
Charge for the year
On disposals
652,642
37.798
89.023
45.541
168.430
9.314
264,313
12,085
(9,239)
471,842
58,204
At August 31. 2024
690.440
134,564
177.744
267,159
530,046
Net book value
At August 31. 2024
120,855
266.909
13.754
64,679
157,603
Page 29

THE JIGSAW TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
10. TANGIBLE FIXED ASSETS (continued)
At August 31. 2023
63,117
205. 760
12,978
109,383
147.356
Total
Charity
Cost
At September 1. 2023
Additions
Disposals
2,184,844
285,105
(46,196)
At August 31. 2024
2.423,753
Depreciation
At September 1, 2023
Charge for the year
On disposals
1,646,250
162,942
{9,239)
At August 31, 2024
1,799,953
Net book value
At August 31, 2024
623,800
At August 31. 2023
538,594
11. STOCKS
Grou
Chari
2024
2023
2024
2023
Raw materials
3,500
1,902
12. DEBTORS
Grou
Chari
2024
2023
2024
2023
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
193,862
1, 680.358
192,602
393,457
160,726
180,087
1, 679,359
322, 102
164,043
75,496
164.378
188.361
166,926
77. 164
546,601
1.924.448
926,872
2,241,000
Page 30

THE JIGSAW TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. CREDITORS: Amounts falling due withln one year
Grou
Charit
2024
2023
2024
2023
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
17.307
76,803
299,526
421.540
21.768
67,065
44. 702
1.806.258
9,337
75,819
298.266
421,038
12,727
65, 929
44,430
7,805.409
815,176
1.939, 793
804.460
1,928,495
Page 31

THE JIGSAW TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
14. STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
Balance at
September
1, 2023
Balance at
August 31,
2024
Income Expenditure
Designated funds
Designated Funds
312,000
312,000
General funds
Reserves
503,570
5.759,124 (5,851,120)
411,574
Total Unrestricted funds
815,570
5.759,124 (5,851,120)
723,574
Restricted funds
Restricted Funds
50,000
(50,000)
Total of funds
865,570
5.759,124 (5,901,120)
723,574
Restricted fund
Restricted
fund
consists
of
funds
for
improvement
of
the
arts
room.
STATEMENT OF FUNDS- PRIOR YEAR
Balance al
September -
1, 2022
Balance at
August 31.
2023
Income Expenditure
Designated Funds
General funds
Reserves
312.000
312,000
407.074
5, 129.890 (5.033.394)
503,570
Restricted funds
Restricted Funds
143.056
50,000
(143,056)
50,000
Page 32

THE JIGSAW TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
15. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NEf CASH FLOW FROM OPERATING
ACTIVITIES
Grou
2023
2024
Net {expenditure)fincome for the year (as per Statement of Financial
Activities)
(141,996)
3,440
Adjustment for:
Depreciation Gharges
Loss on Ihe sale of fixed assets
Increase in stocks
Decreasel(increase) in debtors
(Decrease)lincrease in creditors
164.685
36,957
(1,598)
1.377,847
(1.124,617)
126.387
(1.973,700)
7.603,816
Net cash provided byl{used in) operating activities
311,278
(180.057)
16. ANALYSIS OF CASH AND CASH EQUIVALENTS
Grou
2024
2023
Cash at bank
360,460
337,366
Total
360,460
337,366
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 £78,904
(2023- £67,207).
Page 33

THE JIGSAWTRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
20. OPERATING LEASE COMMITMENTS
At August 31, 2024 the total of the group's future minimum lease payments under non-cancellable
operating leases was-
2024
2023
Group
Amounts payable:
Within 1 year
Between 1 and 5 years
222,828
891,312
222,828
7. 114, 140
Total
1.114,140
1,336,968
Amounts payable:
21. RELATED PARTY TRANSACTIONS
At the balance sheet date, the group was owed £152.189 (2023: £163.817) by Jigsaw + a sister charity.
Jigsaw Trust is the sole member of Jigsaw +
Page 34