R•gistsr•d number: 03734127 Charity nUMr. 1075464 THE JIGSAW TRUST (A company limited by guaranlee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 "AF33XGZF' 29m5r2026 COMPANIES HCMJSE 28
THE JIGSAW TRUST (A c1)mnY lirnSt•d by guaTants•l CONTENTS Reference and admlnl¥trall¥e details of the charfty. Its trustees and adv15ers Tru$tsos' r•port 2-11 Independent •uditar5' report Consolldated statement of fibMThclal •ctivllies 16 Consolidat•d balanc• $h••t 17 Chaflty balaTr $h¢•t 18 Consolidated Stslement of &ish fl¢ 19 No¢es to the financlal ststrments
THE JIGSAW TRUST {A company Ilmited by guaraDteÈl REFERENCE AND )mIllIsTRATE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR ThE YEAR ENDED 31 AUGUST 2025 PA"ss R A G Amfa Mrs M Asante Mr R P Jewell A M C Jew=bury. f•8rent Trustee Mr C F A Keamey Ms J A Kely. Chair Mr G Prothero. Vice Chaii Mr S Barber (appointed Septembtrr 30. 20241 Mr A Dean lappoinled Fèbruary 2. 20261 Ms L Rdton. Parcnt Truslee lappoinled February 2. 20261 Company registered number 03734127 Charlty r•glst•r•d numb•r 1075464 R•9lSt•r•d offie• 19-20 Boume Ctyjrt Southènd Road Woodford Grèen Essex IG8 8HD Company secretsry Ms C F Grant Ind•pend•nt auditors Xeinadin audit Limiied 8th Floor. Becket House 36 Old Jewry Lorldon EC2R 8DD Bank•rs Uoyts Bank Pl 25 Gresham Street London EC2V 7HN Page 1
THE JIGSAW TRUST IA c¢)mpany limited by guaTant¢e) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Th¢ Trustées vtho are alxi of thè charity for thè purp¢w of the C¢)nyni•s Act 2006, presenl their report thè financial statements of the thawity ftr the yÈar ended 31 Au9USt 2025. The trusiees have adopted the pr(Msions of Accounting and Reporb'ng by Charifie5.' Stemenl of RecommendÈd Practice applicable to charities prepariThJ their accounts in accordance wth the Financial Reporting Standard aFWicable in the UK and RepukAic of Ireland IFRS 1021 leffective 1 January 2019). OBJECTlVtS AND ACTMTIES Obl•etl¥•s and aimy The obctS of The Jigsaw Trust ale to promote. maintain, improve and advance the education and wèllbeing of those affected by an autism spectrum disoider. Jigsaw Trust is committed to raising aWare$S of aub.sm and to providing facilities, seNices and resources for the ed{. integralion. guhlance. assessmènt, OLrtreaeh and sup1 of people affècted by aub"sm. Our Values We are person eenlred valuing each per50n, as an individual. respecting Iheir a$piratK) and commitments in life, a1 seeking to understsnd their priorities. needs, abilib.es and limils. We are caring and committed lo acting wrth cornpassi. integrity. h)rty and high ethics in all situalions. listening with respecl lo others and valuing difference5_ We believe in teamwork listening to and respecling each othw whilst wcyking with the individuals we support. Iheir families arKI colleagues to achieve the best resutts we can. We believe in integylty acting professionally at all times. ensuring we are w01ng the best 41ble servTcE. We focus on conllnuous leamlng for all. We value learr4r¥J. [lbYe feedback. coaching and mentorin9. The Jigsaw Trusl is foundèd on thè princip of excellence through continual Seaming and 45pires to provide the hhst quality ol education and lrfèlcw lèamirKJ possib", to acce13te arnIng and the ability lo leam in r ways as well as acquiriry the skills to leam indèpendenlly thrtsjgh behavi¢)ural metMds. To this end. we have ¢$tablish8d and develope(I services delivered through our schthy, (wr $al èntèrprises and the centre for lifelong leaming which provides services to adult leam¢rs through Jww + a sèparate charity of which The Jigsaw Trvst is the sole member. Further Informat on Jigsaw + WdIng Ihe 8ervi¢es provided can be found in the Trustees. Rew11o'r Jigsaw + Pagè 2
THE JIGSAW TRUST {A'eompany Ilmlt•d by guarnnl••) TRUSTEES. REPORT {continu•d) FOR THE YEAR ENDED 31 AUGUST 2025 Publle benellt Th& Jvjsaw Tru$t is èstablished for public benefit by way of thè educatw)n and weffare of children and young adults wth aulism $truM disordèrs antl relat communic8ts.on dtsorfers. improving the Ir¥e3 of those ffected by these lifelon9 disordÈts_ The Jigsaw Twst has given a high pritirity to providing wblic benefit to exoss section of the community regardless of family badcground. but pethaps thè greatest benefit that The Jigsaw Trust can offer is the provision of an education that maximise5 each student's potential. The Trustees have had due iegard to the public benefit guIdare produced by the Gharity Commission for England and Wales. The aetivilles that the chantable company provides that are conshlered for ihe public benefft in summary are.. A speualist day school for children with aubsm spedrum disorders related communTrcabon disorders based on the principl&s of appl1 bahaviour anaW"s. It bèiNJ ad(novAèdged Ihat there is a lad( of state provided special edUcaln31 provision for those on the autistic speclwm who a able to mana9è within a mainstream educational setiing SocAal enterprises Farnily supptsrt by way of outreach SeNS and parent elI"0n sessions Training for professS invofved tn the education and support of chiklren with autism spèctrum disorders Research opportunities for Ihose with an interest in Ihe education of chibjrén with autism and other autlstic and related (ornmuniGakn"on dis(xdw Raisin9 awareness of Ihe diffiujlties faced by those affected by autism and their famil1eslcafs. These actiwties are for the benefft of individuals wilh autism spwtrum dtsorder and reLated communicatton dis¢rders. either direcuy or indiredly by w of supporlirvj parents. carérs or Fxofessionaks invf4ved in the eduGalion and wdfare of those with #i$m. The opportunty to benefft is Th)t restricled lo any one hxal tKJt is delermird by the number of places available at Jigsaw CABAS@ School and pupils. ioumey limes are generalty expected lo be no longer than one hour lor primary aged children and 90 minutes for those secondary aged pupils or beyond. Pupils are expected lo have an Educati¢)nal Health Care Plan. There is no restrict)n by gender. allhough more beneficiaries are male rathef than female due to the prevalence characteristics of autism. The fees payable to the Twst are significant and wtyjld be oJtswJe Ihe funding capaa.ty of all but a very lew families. Fees are in th$ main fully paK1 by the plrt9 Local Aulhority. Our S•ntle•s The Jtgsaw CABA S¢htsJl Thè Jigsaw CABAS@ School ts xn indÈpÈndÈnt day schod lor childrèn and yourvj people wth an autism spe¢trum disorder. We provhde educatW service5 for Pulmls aged 4- 19 year5. The th.gsaw CABASé) Schcd is committed to a safe and caring environmenl vthere all OUT l•am•rs wll be given an educal]on of ihe hi9hest standard arml every oppNtunity to achieve their full potential. Thè SelMxJI is a positive enwronment in whrch leaming both in and ujt of t classrts)m is encoura9ed 7Mth the focus on Improving outcomes in all are•5 of the rn¢{la. Pa98 3
THE JIGSAW TRUST (A c(%npany Ilmlt•d by guants•) TRUSTEES. REPORT {continu•d} FOR THE YEAR ENDED 31 AUGUST 202S Equal Opportunitie$ polley The Truslees recognise that equal opportun"e$ shoukl be an inte¥ part 01 good practice wthin the workplace. JvJsaw Trust aims to e51abli5h equal OPrIvnI11e5 in all areas of its actiwties induding creabng working environment in whith the contri1tIOnS and needs of all people are fully valued. Selected polioes can be fryJThJ on the thgsaw CA8AS@ School and The Jigsaw Trust websites. Socl•l Enterprlses Café on Ihe Park is operated by Jigsaw Tradtn9120131 Limited. a %tholly Thned subsidiary of The Jigsaw Trust. The ffé is open to all those workiNJ and visitin9 Dunsfokl Park and provide5 work èxperièncè and Itle skills leaming opportunities for pupils at The Jigsaw CABAS@ Sthcd. principally those in Key Stages 4 and 5. The Trustees have acceptèd that Café on the Park has operated at a boss each year sinctr Ihis KKi81 enterpr¢se was tsken on. This is on th8 basis thal ihe Calé wwdes a SnIfICan1 benefit lo those pupi15 and adult learners from Jigsaw + as part of their individual learnin9 plans for no charge is rne. The Trustee5 review and agree the acceplable level of Ios5 for Café on the Park annually. GardenWORKS and ArtWORKS are Ikewse social enterprises that vocatnal and life reaming opportunitS for both pupils and adult leamers from JTgsaw+. Tm$t Sh•r•d Srvius Ther8 are a number of busiMss supp(wt seMc8s provided by Jig$aw Trust to each of Jigsaw CABAS@ Sthool. Jigsaw Trading {20131 Limited and jsaW + inclL¥Jing CEO servirEs. finance, fa(xlities, HR ar IT. Stalf in these business area5 arè èmployed by JKJsaw Tnjst arKI the Costs asSlated with thès$ areas are apportioned beeen The Jigsaw CABAS@ School and JKJsaw + Aims of Jigsaw CABASQ) School To work together as a team to ensure that every pwil achteves their full potential by woviding.. a safe, carin9 and enjoya enVartMent all pupils thrive and grow and become lifelong leamers speualist approach lo rnIng based on Ihe proven winciples of Appld Behaviour Anafysis that encourages sell esleem and respect others an individual néeds led programme des¥Jned around a broad ar balanced curriculum that incowrates the National Cutticulum. eAc(raS uKiosty arrtl enthu$iasm and wcrfnoles indèpe1•n¢e, ConfenCe and resilience parenl education and encouraging partrshI>S beiween parents aThJ slaff to ensure that pupils are equipped for future thallenges continuous Igaming and delOPMent prowarnme lor teach1 staff leading to recognised qualification5. Our Strategy and Futur• Plans Th? strategy of Jigsaw Trust rèmains to supp¥t the growth arKI devebpmenl of thè charivs current activities and aspiraknns and to investwjatè ways in whith the strategic wsKJn of an integrated lrfelong learning model for those on ihe aulism spectrum throtryhout Iheir INes can be taken forward. This also tncludes buildiThJ on our existing staff learning and development capabilitses and the launch of a training plarform that can bè accessed by the widèr corrwnunity. thus wowding an addits.onal incomè stream. 11 is ¢eVer, rncognised thal the impaGt both ol Ihe covid Par•m1¢ and Brexit on Ihose k*Jking to enter the educational and ¢are sectors ha5 resulted in a challenging recnjiimenl market. and this together wilh restrictions on local aLtlhority funding has impacted our aspirations to develop an integrated lrfelong arnIng model. Whilst this remains a medium term aim. th& immedbate fo¢us witinues to be on ensuring thg efficiènt OTation and wowlh ol Thè Jigsaw CA8AS@ Sthool. Page4-
THE JIGSAW TRVST (Acompany Ilmtt•d by guarant••l TRUSTEES. REPORT Icontlnued) roR TIIC. YCAR ENDED J1 AUGUST 2025 We have continued to offer cerlifd trwniry for Slaff WYJ have atso taken the oppwtunty lo puNish OUT18test research in peer reviewed joumals to share best practice. We are committed to continuing lo provide sustainable highquality services and liVItieS thal promote the educalion and support lor those individuals whose lives are affected by autism. In deveknping our strategic $$On, Jigsaw Trust will ¢onthnue in its commitmènt to provit1ing dèmonstrablè value to StakeIerS. A¢hlw•mgnts and rf0Mm¢• Jlgsaw CA8AS@ S¢h)ol At Jigsaw CABASO School. our k)ngest e5tsblished actmty, we have Corbtinued wilh our strong record of achievement. The number of pupils 8ttendin9 the school has increased duriThJ the 2024-25 academic year wilh 79 pupils on roll as al 31sl August 2025 oynpared to 76 al Ihe start of the academic year. Under Ihe terms of Ihe agreement the school currently has wih Surrey County n¢1, fees payable to the school increase in line with the National Association of Special Sch agreed fOrjIa at ihe start of ea( academic . The Trustees wish to sincerdy thank all staff for their professionalism. dedicatK)n, resilièncè, and commitsnent in Continuing to WOVKk a hKJh-quality sèrvice throughout the ar. Their commithiènt to th& h0o1 and the learners is ¢learfy evident in thè OutstsndiNJ ratIj from Olsted in Ih•ir la$t five lnspKtn$. an(1 the Trustees and School Govemors are imrnensety prwd of the staff and all they do lo suprrtKi and encourage the learners. The Schod has continued lo benefit from Ihe c105e links mainlained CABAS@ in Ihe Unded Slates. Dr Grant Gautreaux from Nicknlls State Universty provNded invaluable oxsultanry services during the year ensuring that the teachiro staff are at the forefronl of devekjpments the of ABA research. The School conb.nues to SUPF#Wt parènts and carers with thè outreach seNcè that Ls avaikble to pupils and their families. Wa have regular informab.on sgssK)ns for parents offoivJ tirnè for qu&slK)ns as well as ogular workshopsl8duG8tion sessKMs for parents and Oihèr prole$wonals. Fundralslng •ctlvltl•$ With ihe ever%rowing pressure on local services, and uncertainty regarding the polilul and &conomic environment, the need for fUndraIsn at Jigsaw Trust increases year on year, for the various PToiects that ènhancè the leaming enwronment. as thèse are not covered within the fees receiv•d frorn local authtieS. Thè locus for the fundraising team remains on seojring grant lundin9 aThJ building and maintaining lon9 term relationships vAth a variety of supporters and funders. The assistance of our supporter5 and fvnder5 is vital lo the future of the tharity. and their support has a direct impact the puFxl$ and adult leamers who use the services of The Jigsaw Trust. The overall strategy of the fundrntsing team remains to seek lo diversify fundraising income, sNJnificantly increase core income and build a strategic framework that 11 enabte Jrgsaw Trust's fundraising activilies to alleviate financial pressure auoss the Trust. We would Ilke to thank Ihe following oTrJJn6s•tlon¥ and sUPPOrters for their help and kindness throughout the year. National Lottery, Hammds Trust. Pumpserve. Thales Trust, Ltyjs EIST Foundation, Betty Risky, Si9nify. Donald & Edna wil0n. Bophier Hinton. WOodèTrsFi. Elite Gotl. Famham Twsday Mominy Rock Cliuir. Si. Nicolas Church Cr8nleigh. Vawty Golf. HayTrarkÈl Media Group. Erica Leon8rd Trusl, H. Shedock. Savoy Trijst. DunsfokJ Airport Limited. We YUld al$0 lik* to thank èveryonè who has $upported Jigsaw Trust durirvJ the 2024-25 financi81 year. Whether you have taken on 8 sponsored event for J49saw Trvsl. are making a regular monihty donation, of you have helped us trwjild Inks a cowny or I1 sch(h)l. we are iwethbty grateful lo . Jigsaw Trust is fortunate to have such an amaz¥w suppybve ¢ommunity around us and wo aro incredibly Page 5
THE JIGSAW TRUST (A company limlt•d by AuaAnt••l TRUSTEES. REPORT {continutdl FOR THE YEAR ENDEO 31 AUGUST 2025 rateful lo all our benefactors. parents. farnly members. volunteers. staff. funders aThJ our wonderful locgl r.nrnmiinily. Total raised for th& Trust Èx¢luding otsr ex¢eptKJnal irKome below Made up ol Unrestn'cled ClI[ Oihcr donations Total raised for irusl £122.079 £203 328 £325.407 Slgnlfi¢ant Supporters ot thè Trust Inelud•: Varipty (?nll P40,IKK) Woodenspoon £21.1K National Lottery £20,0 8Hvny Tni81 p?n nnn Betty Rislcy Trust £10.( Signify E7.760 Pumpsery £6.6110 Hammels Trust £5.000 JJsaw Trust is very grateful to all those lisled above and all Ihose indiwduals who havè supported JKJsaw Tnjst either direcuy through cash donatKJns or gifts in kind or indirecuy by laking part in the fvndraising activilies. A very successful Fundraising Bal was held in September 2025 lo mark 25 years of The Ji95aw Trust. Thls raised in excess of £128,000, some of which has been a1Cated to projects in Jiqsaw+ The Trustees woukj like to express their &ncere thanks to the members of the Ball comnw.ttee who organised the event. Ihe Ball S[%¢)r$ Hnrt all Nvhn r.nntrihull auct k)ts rAfflè. prizes. FINANCIAL REVIEW R•s•rves policy The Trustees have agreed that the tharilatrAÈ company sh(xJld maintain unrÈslriclÈd funds. whi¢h are the free reserves of the charitable company al a levd equivalent to cover approximately three month5 running costs of The Jigsaw CABAS@ Sch¢x4. For Ihe financial 2024-25 three monlhs running costs are estimated lo be £1.582.000 and the total unrestrictd reserves as at 31 August 2025 were £811.019. The Trustees recc¥Jnise that it has proved difficult over Ihe years given the manner in which the Trust is funded to meet the current reserves policy. Consequenyy, IhÈ Tnjstees are eXIng an altemaiive predicaled on reasonable worst case 105$ scenario and it is anlicipated that the reserve$ kX)licy will be ViSed durin9 th* 2025-26 financial yoat. That said, th& Trustees remain fo¢used M ratsing addlOn11 fvnds to inwove reswves. Financlal Results The financial su[ts for the y to 31 August 2025 are s)n atlathed finawal ststements. The greater part of th• Trusfs incom•192%} is gonerated by the school which received mosl of its incomg from Local Authorities. There was a nel increase in funds posl depreallOn of £87.446 (re(kntI 2024 £141.996) total funds carried fomard of £811,01912024 £723.5731. VAT Fdlowing th• imp•1110n of VAT on private h0o1 fees with effect from 1vt Jonuary 2025. the TN regISte for VAT and fets fty the $"rj 2025 temi invth¢ed and paid indusivè of VAT. Page 6
THE JIGSAW TRUST (A company Iomited by guar¢¢¢1 TRUSTEES. REPORT Iconlinuedl FOR THE YEAR ENDED 31 AUGUST 2025 INDEPENDENT ASSURANCE Xetnadin Audit Limited have undtrtak•n thè statuti)ry extemal audil of The Ji95aw Trus18nd its subsidiarfs Jigsaw Trading120131 Lirnited and JvJ58w Training Limited. They also report on the adequacy and effectiveness of The Jigsaw Trusl's system of intemal financial contrd through. if considered necessary, ihe qualifica.On of Ilie <iiiiiud fiiiiiiicial accour)Ib. the inanagemtriit lleT and a¢J ¢ assessivieiilè diid IEviewb. GOING CONCERN The Trustees have considered the financial position and prosptets of thÈ TrusL At th• rèquèst of th• Trustee$ of J•3saw + of which The Jigsaw Trust is the sole mèmber, thÈ Trustees of Thè JsaW Trust have provided written assurance thèt the loan lo Jw+ recorded under rx)te 23 10 th8 financial statement5 below will not bo ¢alled-in for the fLYeseeable lutU. Having conydered the financial rA)sitKJn. pro5pect5. forecast and management plans for Jigsaw+ Ihe Trustees are of the opinion thal this loan wll be repaid in fvll in due course. In conclusion, arKI after rn3king appropriats ewLMies. the Twstees have a reaSonae expectalion that the company has adequate resources to (x)ntinue in operalional existence for the foreseeable future. For this reason they (xjnlinue to adopl the gryng concern basis in preparing the financial ststements for the year ended 31 Augusl 2025. Further delails regardirwJ the adoptKJn of the going basis can be found in the AccotIng Policies." MATERIAL INVESTMENTS POUCY No investments have been m&Je at this ihis tKne. STRUCTURE. GOVERNANCE AND MANAGEMENT CONSTITVTION Tlw Lliailly 15 clI1l11elI by 115 gJveiiiirvJ doLwiiiIL, <1 dg¥d.rJf trus1. aiNI i¥ crJntslilul¥d ilts a lirnilfjd compgny. lim41gd by guarantee.'as defined by the CompatNes Ad 2006. The Jigsaw Trnsl was incorporated on 17 March 1999. In the event of Ihe company being wound up during thg ILMJ Lil membersliiy ur wiiliiii iFie (u11L1ng. wiiipariy inÈTrriiiwis %ir¥ iwuired to coniribut8 dll diiiuuril not exeding £1. The company is rt9iSterèd under COmpanS kL England and Wal95 (Company Registralw Number 037341271 and th the Charity Commission {Charity Re9istralion Number 10754641 and is governed by its memorandum and arb.clès of assoryatM)n. The Jigsaw Trusl has one subsidiary 15 vhK>ly owned, JJsaw Trading120131 Limited. Jigsaw Trading 120131 Limiled is constiluted as a company limiled by shares and was incorporated on 2 July 2013. Thè company is registered under the COmpanS Act. Englar¥J and Wales (Company Registration Number 08594365}. As a wholly owned subsidiary the financial stalern¢nts of Ji95aw Trading 120131 Limited are iii¥uiwralgd withirb tlw GonsuIKl%lt*d ¢liiUUiits ol The Jiybdw Tiu¥l. Tlw CEO uf Tli¢ Jtg¥8w Trust is itrie sule director of Jigsaw Trading12013} Limited. Thg J19W Tru$1 1$ sore memb¥r of Jyaw + Jigsaw + is cThisbbJted as a company h'miled by guarantee and wa5 irwrporated on 1 November 2012. The Company is regkstered under the Companies Acl, England an¢J Wales (Company Regislration Number 082789781 and with the Charity Commission (Charity Re9istration Number 11517271 and is governed by it5 InemandUrn and artKles of assoriation. It the policy of the Boarfl of Truslges of The Jigsaw Trust thal a maionty of Ihg Truslees of Jigsaw + should be independent. Pa9e 7
THE JIGSAY4 TRUST IA ct>mpany limited by guaranteé) TRUSTEES. REPORT1¢ontinued) FOR THE YEAR ENOED 31 Auf?UST 715 The Jigsaw CABAS@ School Gernors have responsibility for the overswJht of the operation of the school including policies, slaffing and use of resources. They enable the school to run as effectrv•ly as possible and monito( and evaluate perfomiancE. working with the CEO, the Director of Education an¢J members of the school stnitir management team to support and challenge Ihem in maintaining the effectivènèss tsf the school. They ènsurè the school is accountable to all stakeh)kYets. The f01b"n9 are members of Ihe Board of Govemors". Sehool Governors Mr A M C Jewsbury (Co Chair retired l August 20251 Ms S Collyer lappointed 16 September 2024) Mr A J Dalton (Vti Cha) Mrs J A Kiely Mrs L E Craven Iretlred 2 December 2024) Mr M P Jane (Pareni Govemgr) Mr O L Lws (Parent Govemorl Mr N Moriarty (Co Chatrl (appointed 16 September 2024. resigned 27 Awil 2026) Mrs V WIKYs (appointed 16 September 20241 Mr P Saar lappointed19 June 20251 Ms J Bell lappoinled 2 March 20261 Ms E L Hawkins lex officio. CfrHe&Jteacher) Ms Mariann Szabo {ex off. Co-Headleacher Mrs H L Locke Islaff Governor resKJned 6 June 20251 Ms B Stewart-Bookef (Staff GovemLv appointed 29 September 202S) S¢hool Govem¢ys WO kn moTh1ing fo¢ussing on thè eas within the Ofsted Frame•vork'. Quality of Education. Behavi¢)ur and Atliludes. Pwsonal DwlopmenL Leadetship aThJ Manayemenl, S8feguardiThJ. and Inclusion. Rècruitm•nt and appointmthtt of n•w 1ftt¥S The trustees are directors of Ihe charitable conwany for the pwposes ol company law and trustees for t purp of charity law. The TrUstS (see Page 11 We in office al 31 August 2025 and $grvgd thr¢yJghout th year unl6ss othernise INItl. The Articles ol A550Clation stipulate that Ihere must be a minimurn of three tnjstees and a maximum ol thirty truslees. All trust5 mu51 be members of Ihe tharitsbie company. AddilKJnal trvstee5 may be appointed by the exisling trustees at any time. either lo fill a casual vacary or as an addition to the existing trustee5. Any trustees so appointed will hdd office only vnlil the next Annual General MeelirKJ and will then be eligible for re- election. One third of Ihe trustees are to rettre by rolation al each Annual General Meeting. It is the policy ol the Board of Trustees that the number of parent Irustees (those who hav¢ thibjren or youn9 adults placed at th? School or accessing Jigsaw +1 shall be in the minority. Inducilon and tralnlng of new trusl••s Potential truslèès are invited to informly attend trusiee meeting5 prM)r to appointment aThJ a comprehensNe induction prograrnme is available. Addibonally. individual trLislees niay undertak¥ vxlerrial training in d particular ea of th1 role on the Board of Trnstèès or vlhefe relevant. Goveming Body of The Jigsaw CABA5@
THE JIGSAW TRUST (A company limi¢•d by gyarants•l TRUSTEES. REPORT Itontinuedl FOR THE YEAR ENDED 31 AUGUST 2025 Schod. Organlsational $trudur• The prinupal actiw of the charity during the swr h85 been lo promote, maintsin. improve and advance the educalKJn and well being of Ihose affected by an autism spectrum disorder. Overall responsibility for Jigsaw Trust lies with the Tiustees, a number of whom are members of the Goveming Body of the Jigstw CABASfj) School andlor on the Board of TTUStees for Jigsaw + The Trustees fuffil a strategic role selb.ng ihe visKn, missw, goals aThJ dii•ction, general policy, approving annual budgets monitoring perfomiance against Ihe plan an¢J budget. Eath ol the Trust••s afo responsible for th• ovèrswJht of one or more busTMss areas ath.ng as the link befeen sènior manag•ment ol that area and the Board of Trustees. These cover.. Financ• HUM R•sources IT FacilitiÈ$ and Hèalth and Safety Busine$5 Development ar Matheting Fundraising and PR School Adult Services Social Enterprise Trustees are assigned to an oversighl rde base(1 on their Indldy81 skills and areas of eXpe'Se and are fesponsible for liaising With the revant seniw management and managemenl staff vthin the TTUSt and reporting progress and any significant issues at each Trustee meeting. The Board of Truslees has rewewed and approved those mattws reseNed to the Bowd and estabtished Committees to lacilitate monitoring ar¥J reporting to Ihe Board.. the Financè. Audit and Risk Committee an¢J the HR and Operations Commfftee. In additth, a Remunerntion Committee considèrs matters relatin9 to pay and perf0mne8. The Board is resp($11• for agwng the meMbehIP of Ihese Committ•¥s. which is based on individual skills and areas of expertisè. The Board of Jigsaw Trust meet four times a year tr more frequentty rf reqwred. The G¢)veming Y of tht Jigsaw CABASQ) S¢hool also mèet four tirnes a T. A minorrty of th$ Trustees have thildren or young adults have been placed a5 pupls at the Sdwl are cthents at Jwjsaw +. Management responsibility for day to day operations for all serv of The Jigsaw Trust are delegaled by the Truslees io the CEO of The Jp35aw Trust, and in respecl of Jigsaw CABAS@ School to the Govemors, who in tum delegate responsibilty for the day to day operation of the school to lh8 Director of Education of JJsaw CABA Schod. The Trust mpk)yed 135 peopl• as * 31 Au9USt 2025. 94 al Jigsaw CABAS@ SrhcKJl Iprr 201 3 al Jigsaw Trading (p1) 32 al Jigsaw Trusl Shared Serw¢es IPTh 91 Full time 99 and part time 30 Jigsaw frust does nol dis¢wiminale unlawfvlly against leamers, staff. trustees or govemors ¢)n the gr¢xJnd$ of sexual orienlation. race, disability, gender. religKJn arbd belief. or age. Jigsaw Trusl has a written policy rrgAnling fAr.p di8alylity and g8ndpr eqijality. aryanopmenls to rrmilor its imptemèntation and ass&s% tts impacl on staff. leamers and pants/¢r¢. Jigsaw TFUSt compJi&s th its generaj dulles under the Sex Discrimination Act 1975 las amènded) and speGtfiG duties w) $ubordinale legislation Made under those Acts and Pa9e 9
THE JIGSAW TRUST IAcoMyny limit•d by guaranlee) TRUSTEES. REPORT {conlinu¢dl FOR THE YEAR ENDED 31 AUGUST 2025 thp. rAfjuirèm•nts of Ih? stalutory cfylp8 nf I)raCti mart8 iThJer It. Arjs. Sele¢tion Mteria and proc8dures are relartY to ensure thal indNJuals are recruited, promoted and treated on the basis of th•ir rd•vant merits and abilities. Objectiva cntèria a a1 to assess mewil. and 811 staff follow behaviour ana"¢ training progrnmmes to enabk them to progrèss vthin and outside the organisation. These trainiThJ programm•s provide rtCalJn from CABASI) Board based at Columbia University Teachers College, or the 8ehavityJr Analysis Cewtsficakn Boar(I IBACBI. A number of staff also hold the UKBAl¢ert}, a [traduate level Cewtifiration in behaviour 8nalysi5 and all 5tsff have the opportunity to join the UK SOclY lor BehavKJur Analysis) UK-SBA. siaff a gNen equal opportunty to undertake furlher extemal trainirKJ whcro appropriatc.. RELATED PARTIES Non• of thè Trustees received any nUMeration or reimbursement of any expenses resulting from Iheir posobon as a Trustèe during the financial year. Save as disdosed in this port as regards Parent Tnjstees anrl TNstéès of thé Jigsaw Trust who are also Trustees of Jigsaw + M Trustee had any benefiual interest in any Contra Ih thÈ charrtable company duriry the year. Save as disdostd in Nat• 23 to the Financial Statements Ihèrè vAr• no r•lat•d pty transactions during the rinancial year. RISK MANAGEIAENT The Trustees have assessèd and rtgulaty review the maior risks lo thè Trust and *idÈr group IS 0xp00d and aro rAtrfiod that rrtems and procodures are in place to mttsgJto our 8X£Te to thè major risk8 identified. In March 2026, the Board of Trustees became aware of irregularities o)nceming a specific bank account held by the charity. A comprehensive internal investigati¢)n was initiated immediately. The investigation identified that former member of staff, whose eMOyMent has %nce been terniinated, had engaged in the misappropriatK)n of charty funds over an extended per1. These historic transaclions are still being investigated., hOV•r, thè Trusteès can tonfimi that this matter has nol compromised Ihe chariws financial solvency, op8raknonal continuity, or its a"Ity to rts core charilable objectives. In accordance their Statutory duties and commitment to regulatory compliance. the Trvstees submthad a sèrious inudènt rèport to the Charity Commission. The mattef has also bèen reported to Action Fraud arbd subsequenly rèferred 10 thè local police for further investigalion. The Trustees art rxK)perating ftjlty th all relevant authortties. Apprrrfjriate Steps have btren iaken to strer¥Jlhen controls Vthilhin th& ffinarKe function to Mgate the risk of future fraud. The Trustees recognise the absdute necessity of ensuring the protection arKI safety of the pupils at JTrgsaw CABAS@ School and require that all employees and volunteers ale subject to an enhanced disclosure issuèd by thp ni%closure and BairiNJ 8p.rvirE 108SI and receNp. trninino rpjardiffj safeouarding tx)th r>n enmmÈnring employment and at l•ast annualty thereafter. Pagè 10
THE JIGSAW TRUST (A cpmp•ny Ilmlted by guaranth) TRUSTEES, REPORT l¢ontinu•dl FOR THE YEAR ENOED 31 AUGUST 202S TRUSTEES. RESPONSIBILifiES STATEMENT The Trustees Ivtho are also dire¢t¢ys ol Th¢ Jigsaw Trust for the purpos¢$ ol ¢ompany lawl a responsible for PTeparing the Tmstees. report and Ihe financigj 5tstements in aQWdan with applicAe and United Kingdom Accwnting Standards (Llited KI13thn Gwally Accepted AcCn11n9 Practice). Company law requires the Trustees to PPart finanual ststements for ea¢h financial ¥T. Under company law Ihe Trustees must not approve the ffinancial stalements unless they are salisfEd that they give a true and fa ew of the state of affairs of Ihe chantable company and Ihe group and of the incoming resources and applicat)n of resour$, induding the income and expenditure. of the charrtae group for that p•riod. In prepaTing thes& financial slatements, the Tnjsiees are required to: seled suitaW¢ a¢wnting policiès and then apply them (nsistenI1y", ¢bserve the metWs and prinuple3 in Ihe Charilies SORP: make jLtdgments and accounkn.ng esb"mates that are reasonable and pru(Jent: prepare the financial stalements on the going C(rn basis Lrnles$ it is inappropwiate to presume that the charitsble group 11 conlinug in watKK). The Tnjstees are for kewNJ equate acctyJntiThJ records that arn sufficiènt lo sl)cw arKI explain th• charitsble company and the group's transaclb)ns and disdosè with reasonablè accuracy. at any lime the ffinancial posilion ol the charitable group and enable them to en$ure that Ihe finantsal statements comply with the Cornpanies Ad 2006. They are also responsible for safeguarding the assets of the Charitab company and the grovp and hence for tak¥y reasonth steps for thE prevenlrffi and dele(on of fraud oth•r irregularities. OISCLOSURE OF INFORMATION TO AUDITORS Each of th• persons Wh are Trustees at the li when this Trustees. report is approved has confirmed thal". so far as that Trustee ts aware, there is no Want Jdit infom)ation of which the charitsble group's auditots ar• unaware. and Ihal Trustee has taken the slep5 Ihat Oughl lo have been tsken as a Trustee in order lo be awa of any relevant audit infomialitin and to •slablish that thè charrtablè group's audrtors arè aware of that informats"on. This report wa byth¢ Trust. May 27, 2026 arml gned on their b•haM by". Mr G Proth•ro. Vic• Chair
THE JIGSAW TRUST (A umnpany limited by gUnt?¢} INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE JIGSAW TRUST OPINION WÈ lislV¥ du¢Jil¥d ilie filianal StalennIS of Th¢ Trus1 Ill 'pLill LliariVI and ils subs-ididrios Illi¥ 'grotAp'l for the year ended Auyu$t 31. 2025 set QLrt on pages 16 to 34. The financial reportin9 fram&work that h85 been applied in their preparalK)n is applicatrAe igw Unrted Km9dom Accounbng Standards{Uniled Kingdom Generalty AcLepled A¢¢ounbng Practice). In our opinKJn thè financial st8tsmÈnts= give a Irue and fair view of the slate of the grow's and of the parent tharitabb companrfs affairs as at August 31. 2025 and ol the group's inry)ming res¢1$ and aFWicatw)n of resources. in¢ludin9 Its inwrne Ind pxpnditur• ftsr Ihp r ttwrt n¢lÈd: have been propedy prepared in accordance United Kingjom Generally Accepted Accounts'ThJ Praclice; and liave imstii wepared Ni Im)r[1drK wAh Ihe reyUiWT1lls of C1111S 2006 aii¢J Ihe Chwibtts Act2011. BASIS FOR OPINION W¥ wKlu¢led dudil iri aCran with 1iiiwii¢ilial SiarKlads Au¢Jiliiu IUKI IISAs' IUK}I drid applicable law. Our responsibilities under those starHlards are furthèr in the Auditors, r¢spon5ilyliti?s for the audf¢ of the financial stalements section of our report. We are indeperbdent of th? group in aGwrdance with the ethical requirements that are relevant to our audit of lh8 finanoal stslements in Ihe United dOrn. including the Financial Reporting CourKifs Ethical Standard. ar we have fvlIed our other ethical responsibilities in accordance with these requirements. We believe Ihat the evidence we have obtained is sufficient and appropnate to providè a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financial stateffents. we have conckmjetl that the trustees. us¢ of tho going corTrcem basis of accoLbntiThJ in the preparalKJn of Ihe finwKial s&ements is appropriate. Based ¢)n the work we have performed. we have not hlenbfd any material uncertainties relating lo events or Wil1111& Ili¥l. iiidivMIu8lly L&dlediv¥ty. may o3sl swiiifiL4111 doubl uri I1 Lllcliildb LurriyiJiiy'S iibilily k) continue as a going concom f(Y a powiod of at lou I twcfve monlhv from when thc firnclI )tatcmonts orc authorised for issue. Our responsibililies aThJ Ihe respobIllieS of the trustees Vlryth respecl to going concern are described in the levant sections of this report. OTHER INFORMATJOII Tliv Tiuslees arè respowble for Ilw (rtlr informthmyi. Tli¥ uilw Inf(KTnalK)n c4Jnprises the inluniidlion induded in the Annual rep, other than Ihè finarrial staiements and our Audilors. report thereon. Our opinion n Ihe finanr.491 stalernents does mt rxjver the other infnmahnn and. èxcepl lo olhenmse explicitly stated in our rem we do not express any fonn of assurance o)nclusion thereon. In cmnedKJn wlth our wdit nf Ihe financial statr.m8nls. re5rsibl1ty is to rpad Ihp other formaD and, In lily sv. wrisid¥i wliethèi th¢ olhw irilLWT1141Kyi is rnaterialty iiiLOIiSi51ent Ihe financlal stalèmènliD or our kmwlpdge oblainpd in Ihe audit or nlhpM%e appears lo h• materially mis%tBW. If wè Identify surh malArial Page 12
THE JIGSAW TRUST IA ¢ompany limited by guaranlee) INDCPENDENT AUDITOV. R£.PORT TO THE IAEMBERS OF THE JIGSAW TRUST inconststenues or appar•nt matèrial rnk%stst•m•nls, we are requThl to delemiine vthether there is a malerial misstatement in Ihe finanoal statements or a material rnisstaleffnl of Ihe other infomation. If. based on the work wa havè pgrf¢)rmed. COlde that Ihwè is a rnateri mi55tstement of Ihis other infom11?n. we are rèquired to report that fad. We have nothing to report in regard. OPINIOM ON OTHER MAnERS PRESCRIBED BY THE COMPANIES ACT 2006 In our opinion. based on the work uThJertaken in the ¢ourse of the audit.. the inlomation given in the Tru$tees' Icw the fmanaal year for vthith Ihe financial statements are prepared is consislenl vth the financial staiemenls. the Trustees, report has been prepared in atrdan th apph'catle legal requirements. MArrERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light ol our kno%edge and urKlerstsnding of the charitable company and ils eTrwronment obtalned in the ¢ours8 of audit. we havè not entIrd material misslalements in the Trustees. report. We have nolhirrfJ to report in respect of the forw mattets in relation Its thÈ Comparles Act 2006 requires us to report to yov rf. in our opinion.. the parent charity has not kept lequate and sufficTrent awunlir4 re[5. or rern$ adequate for our audit have not been received from branches nol visrted by us," or the parent charity financial statements are not in a9re8ménl wth the ac¢ountirwJ records and tm5.. or cèrtain disclosures of Truslees. rernunerats.on spe(rf by Law are not made.. or we have not rerived all the information aTrJ eXplatlS we wuire for our audit; or the Trustees were not enliled to prepare antial statements in accordance wth the small companies regime and lake advantage of the small compan*s' exempkn.ons in prèparing Ihe TTUStees' arhs Irom the requirement to prepare a GrLXV strategK report. RESPONSIBILMES OF TRUSTEES As exFlained mof8 fulty in Ihe TrUStS, rasponslI111Ès statement. Trijstges IWIK) are also the directors of the charity fof the purposes of company lawl arè reswnsible for the preparab'on of the financial statements and lor being satisfied Ihat they give a tru¢ and fair vicw. and lor ouch intcmal control a• Ihe Trustees detemiine is necessary to enable the preparation of financial statements thal are free from material misstalemenl, whether due to fraud or error. In preparing Ihe financial statements. the Trnstees are r•Sponsi¢ for asse$5ing the 9roup's and the parent charItae companls abiltty to continuè as 8 going conrwn. di$¢b"Th9. as applicable, matters related to going Concern and using thè going concem basis of accounting unle55 the Trustees eilher intend to liquidate th• group or tho parcnt tharilalje ¢omparry or to CCKK Operat0. or havc no real.3t att8mativo but to do XJ. Page 13
ThÉ JItsSAW TRUS). IA eDMnY Ilmited by gyar•nt••l INDEPENDENT AUDITORS. REPORT TO THE IAEMBERS OF THE JIGSAW'fRUST AUDITORS. RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objects'ves are to obtain reasonatAe assuran¢e abwt wlther the finaneAal statements as a whole are Iree from material misslatement, whether due to fraud or error. and to issue an Auijilors. report that includes our opinion. ReasOnae assurance is a hwJh level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS {UKI will aknfays detect a material misstatemenl en il exists. Misstatements can arise from fraud or error and are consmlered material il, individually or in the aggregaie, they could reasonably be expècted to infiuence the economic decIsS of users taken on Ihe basis of th6se financial statements. The exient to vthich our procedures wè capable of deteclirrfJ irregularilie5. inclijding tral 15 detailed below= Our approach to identifn9 assÈssin9 thè risks of material rnisststÈmÈnt In resped of irregularities, including fraud and non-compliarKe wth laws arKI regulations, was as follcA¥s'. Our approath to Identing asse5sry the risks of malerial misststement respect of irregulaflties, including fral and non-compliance wlh laws and regulaIs. was as follows.. -Ihe engagement partner ensured ihat the eThJagemenl team collectively had the appropriate competenc, capabilrties and skills to identty or recognise noTrcOMIare with al¢able laws and regulations.. -we identified the laws and regvlatKJns applicable to the charity thrwgh discussions wrth trustees and other management, an¢J from our Commercial knovAedge and expeit8 of the charity sector; 8 focused on specific laws and regulalions which we conswjered may have a direct material effèct on the a¢counts or the aCtilieS ol the charity. These indudet1 but were rKt limited io Ihe Compans Act 2006, Charit195 AGt 2011; Anting and RèpL¥kn"ng by Chawitiès". Statèment of Rtcommtndèd practi appliG8ble to harities weparing their accounts rn accordance wlh the Financial Rèporling Standard applvble to thg United KIrdOrn and RepublK of Ireland IFRS 102) leffecbve 1 January 20191,. Employment Law,. Data Protect Legislation., The Code ol Fundraising Practi¢e.' and SafeguardiThJ Regulakns a5 they affect the dIrt charitable actIV.eS of the charity, -we assessed the extenl of compliance wth the laws and regulalKms Klentffied al)ove through making enquiries of management and inspecting legal correspoThJence where necessary. We assessed the susceptibilty of the charitys fmancial statements to material misstatement, indLJing obtaining an undetstanding ol how fraud Mht occui, ty. -making enquiries of management as to vthere trw conswjered there was susceptib1.ty to fraud. thLwr knowlèdgè of actual. suspected and alleg fraud.. and -consxlering the internal controls in placè to mit31& risks of fraud and n()n-Cornl#n¢tr laws and regulations. To address Ihe risk of fraud through management trAas overyide of contro15. we: -perforn)ed analytical procedures lo hlentrfy any unusual or unexpected transactii)ns', -tested the appropriateness ofjoumal ent.. -tested auth¢yisab"on of expenditufe.. -a5sessed whether judgements and assumptions mad¢ in det¢minin9 Ihe ac¢ountiny estimates were indTr¢8tive of potential bia5- and -investigated rralion behind siwificant unusual transact)ns. To address the risk that revenue could be misststed due to fraud, we". -obtained an understanding of the charivs revenue reccgntlion pc4iuè$ and ¢ompareil theso to th& a¢¢ounling standard., -performed a walkthrough to confirm our un(lerslanding of the processes and CltrOlS Ihrough which the charity initrates, records, processes and reports revenue transactKJns.' -tested a sample of revenue transacbons to wppO"ng èvidencè" and -te5t8d. sample basis, revenue relgled balwKes in hxlanr.e. In response to Ihe risk of wregulaiilies and non-comp1ce ryth laws ¥rAJ ragulations. desKJr*ad proeedures 5{1 14
ThE JIGSAW TRUST IA ¢¢)mpany limited by guwant•è) INDEPEMDENT AUDITORS. REPORT TO THE MEMBERS OF THE JIGSAW TRUST whith inrlud¢d. but were not limitéd to". -agreeing financial Statement dis¢losuffj5 to u1ertY1ng SUprting dLMxJmenlatK>n.' -reading the minules of meeting5 of those tharged with governan., enquirirvJ of management as lo actual and polential litKJab"on and daims,. and -reviewing correspondence HhARC. relevanl regulators. and the companvs legal advisors. There are inherent limitalims in our a111 pledureS d8scribtd abov•. Th• more 1•moa that laws and regulations are from financial transacts"ons, the $$ likèty it is that wè woukl bècom$ awarè of non-complianGe. ALtditing Standards also limit the audit procedu required to idenbfy n(>mpI1anct wth laws and regulation to ènquiry of the trust••s and olher management arKI th? inspedb)n of regulatory and le9al ¢tsrresporKlen¢e. if any. Material misstatemenls that arise tlue to fraud can be harder to detecl Ihan those that arise frorn err¢y as Ihey may involv& delibèrat• toncèalmènt or cdlusion. We lurther descrtption of our reSFJtsibrtreS fof the audrt ol Ihe financial statemènts is l¢xatéd on the Financial Rèporting Council's wèbsitè at fftww.frc.org.uklauditorsre5p)nsilylthes. This e5p1K)n fornbs Part of our Report ¢fthè Intnd•At Auditots. USE OF OUR REPORT This report is made soldy lo th8 charitable companrfs members, as a ty, in accordance Chapter 3 of Part 16 ol the Companies Acl 20(%S. an¢J lo the charitatA• companys Trustees, as 3 body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has undertaken so that w might slal& to the charitable companrfs members Ihose matters we are required to stsie to them in an Audiiors. report and for no othèr purpose. To the fullest extent permert by law, do nol accept or assume responsibilty lo anyone other than the d)aritablè company and its members, as a bcrtjy. for our audit work. for Ihi5 report. or for ¢he opinions we have lomie(l. Mr Thurairatnam Sudarshan FCCA {S•nlor Stalutory Audltor) for •nd on b¢half of Xeinadin Audit Limited 8th Aoor. Becket HoLtse 3601dJ London Ec2R 80D May ?7, 2026 Raffingefs LLP is digitjle to as auditors in temis of se¢tw 1212 of the Companies Act 2006. Page 15
THE JIGSAW TRUST (A comnY limttcd by guaranle0 C014SOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING IMCOME AIID CXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 202S un.trICted fund 2025 Total luiids 2025 Tot 24 INCOME FROM: Donatioft and lo9yeS Charitable 3divities Other trading actyviliès-. Fundraising Trading aclivities Investments 203.320 5.911,130 203.328 5.911.130 71,045 .5,467, 756 1?? ft79 165.343 12242 1?2.079 165.343 12.242 70 4,76 135,651 14,236 TOTAL INCOME 6.414.122 6.414.122 5.759, 124 EXPENfJiTURC ON: Raising funds Charit•bl• aclivitl•s: Dired Cosis Governance cosls 320,667 320,667 283,407 5,872.171 133.838 5.872.171 133,838 5,486,639 131,075 TOTAL EXPENDITURE 6.326.676 6.326,676 5.901, 121 NET INCOME I IEXPÉNOITUREI BEFORE OTHER RECOGNISED GAINS AND LOSSES NET MOVEMENT IN FUNDS 87.446 87.446 87.446 87.446 f141.997) (141,997) REcONcILoN OF FUNDS: Total funds brought forward 723.$73 723.573 865.570 TOTAL FUNOS CARRIED FORWARD 811,019 811,019 723,573 The notes on pages 20 10 34 form part of these financial slatements. Paoe 16
THE JIGSAW TrIJST (A ¢ompany limitèd by guarnnte•) REtsIsTÉRED NukihER: 03734127 CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 202J au2> 2024 Nol• FIXED ASSETS Tangible assets CURREKf ASSETS Stocks Debtors Cash at bank and in harKI 621.478 628. 189 12 13 2.667,131 273.126 546.599 360.460 2.943.257 910.559 CREDITORS.. amounts falling ¢kn wIn one yeaf 14 (1745.200) (815.IT5J NET CURRENT ASSETS 198.057 95,384 TOTAL ASSEfs LESS CURRENT LIABILMES 819.535 T23.573 CREDITORS: amounts falliThJ due after more than one year 15 18.5161 NET ASSETS 811.019 T23,573 CHARITY FUNDS Unrestricted ftJnd8 16 811.019 T23,573 TOTAL FUNDS 811.019 723,573 The Charits financial statements have been wepared in accrydar* with the PrO$10n3 awicable lo companies subpd to the smal comwmes wme. Thè financial stattmènts wèrè apwov•d and aut1¥)n for issue by the Trustees on May 27. 2026 and sigrbed on their bèhalf, by.. MT G Pfothero. Wice Chair The notes on pages 20 to 34 fomi part of fmancial slatements. Pagè 17
ThE JIGSAW TRUST IA company Iimtt•d hy guarant•t} REGISTERED NUMBER.. 03734127 CHARITY BALANCE SHEET AS AT 31 AUGusf 2025 2025 2024 Nol• FIXED ASSETS Tangible assets CURRENT ASSETS Debtor5 Ca$h at bank 11 607.305 623,801 13 3,152.192 248.102 926,872 3tsfi,260 3,41X).294 1.2T8. 132 CREDITORS." arnot$ ts11in9 kn wfftmn one year 14 12.720.475) {804,461) NET CURRENT ASSErs 679,819 473,671 TOTAL ASSETS LESS CURRENT LIABILMES 1,287.124 1.097.472 CREDITORS: amounts fallbng due after more than one #T 15 18.516) NEf ASSETS 1,278.608 1.097,472 CHARITY FUNDS Unrestricted funds 1.278.608 1,097.472 TOTAL FUNDS 1.278.601 1,097,472 The charitys finanL?al statements have been prepa in CordanCe with the prow$S applicab to Companiès SLrt)jèet to thè small companies regime. The fjnanrial ststements were a[vrol and aullvi f(K issue by Trustees on May 27. 2026 and signed on their behalf, by.. Mr G Prothero, The rleS on pages 20 to 34 form part of these firwKial statemerrts. Page 18
THF .IIGSAW TRUST IA ¢ompany limlted by guannlee) CONSOUDATED STATEMENT OF CASH FLObYS FOR THE YEAR ENDED 31 AUGVST 2025 2025 Cash Ilows from opÈratrng activiti•s N¥1 id¥Trli viuvi¢(l by uwratirig aL[ville$ 17 94.'123 3'11,278 Cash flows from inv•sting actl¥ttl•$: ProedS from thè sal& of tsngible fixed assets Purthase Of largible fix•d ass*ts 4247 1200.0861 [288, 184J Net eash used In Investlng actlvltles (194.839) (288, 184J Cash Ilows from fin¢•n9 •cllvltkns: Cash inflows from new borrowing 13,382 Net ¢a$h provid by financing aeti¥iti•s 13,382 Ch4ngè in ush and eash •qulval•nts In th• y Cash and cash 8quival•nts brought foward 187.3341 360,460 23,094 337.366 Cash and cash equlvalents carried forward 18 273.126 360.460 The notes on pages 20 10 34 frym part of these financial statements.
THE JIGSAW TRUST (A company Ilmltod by guarants• NOTES TO TNE fiNANCIAL STATEPAENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POUCIES 1.1 B¥sis of prep•r•ti•rb of finn¢la7 $tatènnts The financial statements have been prepared in accordance wth Accwnting and Reporting by Charities.. Slatement of Recommended Praclice applicable to charities preparing their accounts in accordance wth the FInarLa1 Reporting Standard applicable in Ihe UK and RepublK ol Ireland IFRS 1021 leffective l January 20191- Icharities SORP (FRS 102)). the Financial Reporting StsrKlard applicable in the UK and Republic of IrelaThJ IFRS 1021 and the Companie5 Ad 2(K)6. The Jigsaw Trust meels the definrfion of a wbli¢ ben¢ffii enlity under FRS 102. Assets and liabltieS are initially reciyJnised at hi51oric cosl or tranS9n unles5 otherwise slated in the relevant acc¢)unting policy. The Statement of ancIal activities ISOFAI and Balance sheel consolidale the financial stalements of the charity and its subsidiary undertaking. The results of the subsK1iary are consol+dated on a linè by line basis. No separate SOFA has bn prns•ntsd far th• charity alon• a$ pemiittod by $¢¢tion 408 of the Companies Ad 2L. 1.2 Company ststus The charity is a company timited by guarantee. The membws of the company are the Trustees named on page 1. In Ihe event of Ihe chanty beiThJ wound up. the liabilty in respect ol the guarantee r8 limited to £1 per wmber of the cliarity. 1.3 Goino eoneern Thè irustèès. hawro madè apprcoriat• 8rAuirigs. c(sider that adeguate SoUrCeS exi$l for charilable cornpany to Conlinuè in opÈrational ÈxtstencÈ for the lfftseeable fvture and Ihat. therefore, it is appropriate to adopt wing concern basis in preparing the financial staternents as al and for the period ended 31 August 2023. The tnJ5tees have made this assessmenl in respecl to a period of one year from the date of approval of Ihese acctyJ)ts. The trustees have conduded Ihat there are no material uncertainties relaled to events or conditions that may cast srgThficant doubt on lh¢ abilty of th¢ charitable eompany to ¢onb"nue as a gging concem. The trustees are of the opirkxjn that ts tharital)le company have suffic*nt resourc?s lo mee¢ the liabilities as they fall due. Page 20
THE JIOSAW TRUST IA e¢)mpany limikd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES {COPITINUED) 1.4 Income All income is recognised once the chafrty has entittemerbl lo the incorDe. il is probab that the income will bè f1Ve and the amount of inwme receivable can be rreasured reliably. F(H legacies, enlillement is lakgn as Ihg eailky vt dale vhilLI eliher. the Lharty is awwe thai wvbdte has b[1 yri4lltwl. ¥sIdl lids been finalised an¢J nolifThtion has been made by the XeLUtorlsl lo t1 Tiu¥l Ihat a disln'buts(m wll inade, Of WI7 d dists1bu.on Is revelved from the estaie. Receipt of a fegacy, in who or in part, is only consered probabl• whèn th$ amount can bg measured reliably and the tharity has been notified of lh• executoes intention to maka a distributs"on. Wli¥re legacies Iwve rwlrfiwj iv ilw L4idiily. ihe tharily 15 awdre ol the grantlng of probate. and the criieria lor income recognibon have rKt twn met. then th¥ legary is trealed as a conlingenl asset ant1 disdosed rf material. Donat8t1 sarvicss or facilths ar• r•cLyised when the chanty ha5 control over Ihe item. any conditions associate<l with thè donatthj item have been mel. the receipl of economic benefit from the tlse of the charity ol Ihe item is prObate and Ihat economic benefit can be measured reliably. In COrdan wrfh the Charilies SORP {FRS 1021, the general volunteer bme of the Fiiends is not recognised and refer to the Tntstees. reFQrt for rrNye wrfomiation about their contn"bution. On receipt. donated professional sewvices arvj donated facilities are recogni98d the basis ol th• value of the gift to the charity whith is the amr¥Jnt the charity Wld have bean Mlling to pay to obtain serwces or facilities of equNaknt economic benefit on the open mark•t', a corresponding amnt is then recognised in expenditure in Ihe penod of rtIpt. Income tax recoverable in relation to d¢)nitins r¢eeNed undtrr Gift AKI or deeds of ¢ovenant is recognised at the time of the donatw)n. Income lax rÈco¥erable in relat to inveslment i8 recogrosed al the time Ihe investment inry)me 15 receivat4e. Grant income Govemmènt grants, indLMling nOn-ftwtary grants shall ncrt be legnISe(l unlil Ihtrre is reasM8bl• assurance that: la} the entity 11 comply vrti the condi110 att•*ed to them.. and Ibl thè grants will bè received Page 21
THE JICAw TRVSI (A cnmpany Ilmltèo by guarantee) NOT[ TO TIIE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES {CON7INVED> 1.$ Exp•thditur• Expenditurè is recogni$ oncé thère o a 189al or conslwdive oblvjation lo tr8n$fer econornic benefit lo # third party, li is probate Ihai a transfer of economic benefit5 will be required in settlement and the amount of the obligalion can be measured rellay. Expenditure is classif¢ed by activity. The costs of eath acbvity are made up of the total ol direct costs and shared costs. including suppcKi costs In in undertaking each activity. Direcl costs attritsutae lo a single actiwty arc allocolod dirccuy to that oclivity. ¥hared costs which contribute to i)iore Ihan uiie ¢iLtsvily and support costs which are nol attribUlae lo a siThJle acttvity are apportioned betweèn thosg activitses on a basis consistent the use of resources. Central slaff costs are allocatsd on the basis of time spent. and depreoation charges alkncated on the portion of asset's use. FurvJrai$ing are those i• in seeking volunt¥y contributi¢)n$ and do not in¢luts $ts of diss¢minating infomakn.on in support of thè dtable a¢11.$$. Support co$ts are those cos15 inGurred direth in support of expenditure on the d¥'eGts of the ¢harity 8rKI include projecl management Garried at Headquarte15. GovemarKe costs are Ihose incurred in nnectIon with dmini5tration of the charity and nlar ilh cr511118l and statutory Tequiremenls. Costs of generats'ng hJnd5 are cosls rKurred atlractirvJ vokjntary income, and those incurred in trading activities that raise lunds. Charitabk aclivities and GovemarKe costs are costs inujffed on the charilrfs edLtcatior operations, including support costs costs relaling to the govemance of the thity apkw)rtioned to charitsble activities. 1.6 Basls of eonsolldallon The financial statements ¢onsd•J8te the of Th& Jigsaw Twu$l and 811 of its subsidiary undertaking5 fsub5Kliaries'). The charitsble company has tsken advantage of the exemption contained wlthin section 408 of the Companies Act 2006 not to present ils own Irorne and e¥penditure account. The income and expendilure accoLnt for the ar dealt vAth in the accounts of the ¢haritable corrwy was net expenditure of £936 (2024. £78,683). Page 22
THE JIGSAW TRUST {A cwnpany limitèd by gu.Irant)è) NOTES TO THE FINANCIAL STATEMENTS FOR THE YE ENDED 31 AUCUST •025 ACCOUNT4G POLICIES {CONTINUED) 1.7 Tangible a$$ets and d?pTr¢i4tion All assets cosling Ihan £S,IKKI are lIS•d. A review for impairmenl of a fixed asset is carried out rf event5 or changes in circumstances indicat• Ili¢iL Ilie L4iiiying value ul ¢lily fixed ¢isset Iri¥y iK)l ije TEwverabk. Sliurlldlls belwen th¥ Lariyiiig value ol fixed assets and their retoveraiAe amounts are fecognised as impairmènts. Impaim)ent rosses are recognisè<l in the Statement ol financial activities. Tangiblè fixèd assèts ar• cawri•d at cost. net of depciatiOn and any provision for impairment. Depreciation is provided at fdiès calculated to write off the cost of fixed assèts, lèss their eslimaled sidual Vu. over their tXrld usthl INes on the folknwing bases: Improvement to property PLgnl and machinery Molor vehicles Fixtures and fittings School equipment 25% M ¢ost 25% rm cost 20% on cost 33% on cost 33% on cost 1.8 Inl•r•$t rnc•ivabl• Intarèst on funds on d¥11 is Vlthen receivable aThJ the amount can be measured rèliably by Ihè charity. this is noffnally upon noIrflIOn of the interest pald or by thè Bank. 1.9 Leaslng hlr• purcha Assets obtained under hire purchase contracts and finarKe leases are cawtslised as taTrJible red assets. Assets acquired by finance lease are depreciaied over Ihe shorter of ihe lease ierm and their useful Iwes. Assets acquired by hire wrthase are depreciated over their useful INes. Finance leases ar6 Ihoso where substantially all of t benefits and risks ol nership are assum&d by the charity. Oblvjations undèr such agreemtrnts are included in creditors nel of Ihe finance charge allocated to future periods. The finance element of the rental pawnent is chargèd to thè Statement of financial adivities so as to produ a cons1 pen"Od rate of charg• on the obligatrgn outstanding in each period. 1.10 Op•rating l•as•s Rentas undei operating leases we charged lo the Statement of financial activrts on a Straight k"n• basis ov8r thè leasè t•rm. 1.11 Stock¥ Stocks are valued at the to% of cost and net realisae value after making due Mllowane8 for lote and slow-moving ocks. Cast IjUde all dircct cosL and an appropte proportion of fixed and variable Overt$. 1.12 Debtors Trade an(1 iièbtors are recogntsed at the setemertt amount afttr ony trade discount offered. Preydyments are valued ilt Ilie airv)unl prep8i¢J iiel of any trade discounts due. Pa9& 23
"Imt JIblA IRUwr IA company IFmi¢thl by 9uaranteel NOTES TO THE FINAJ4CIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES {CONTINiIED) 1.13 Cash at bank and in hand Cash at bank and in hand includes cash and short tem rU1 investments with a short maturity of three months OT less from the dale of acquishkn OF openiThJ of the deposit similar accounl. 1.14 Liabiliti•s and provisions LiabltIeS are recogftis•d whon th¢re is an obl•3akn al the Balar£ sheet dale as a ro$uIt of a past vent, it is probable that a transfer of eGonornic befft will be required in 5elUem&nt, arKI th& amount of the Settrnet Gan be e5bmated reliabty. Lwbilifies are recognised at the afflotjnl Ihal th? harity anticipates it vill pay to sewe the debt or Ihe amount il has received as advanwl payrnents for the goods or servKR5 il must prOde. Provisions are measured al the best estimate ol the amounts required to setlle the obligation. Where the effect of Ihe I'me value of money is material, the prowsKJn is based on the presenl value of those amounts. discounted al the pre-tax discount rate that reflects the risks specific to the liability. The unwindir@ ol the d¢scount is reco9nised within inlerest payable and sirr4laf charges. 1.15 Financial instruments The charity only has finanoal assets and finanual liakn"lities of a kind that qualfy as basic financial instruments. Basic financial instruments are initkalty recognisd at tran$acl)n value and subsequenuy measured at Iheir setvement valu& with the exception of bank loans vth¢ch are subsequenuy measuied at amorkn.sed cost using thè èffectivè interest methtxl. 1.16 Pènslons Thè charity operatès a dtfinèd c0ntritxjtn pension scheme an(1 the pensN)n char9è réprèsènt$ the amounts payable by the charity to Ihe lund in respect of the year. 1.17 Fund accounting General funds are unrestricted funds whKh are avali able for use at the t1iscrelion of the Trustees in fiirthp.rance of Ihp gp.npral objectiv•4 Of the charity and hav• ntjl h80n clqigt)ated for oth DesKJnatetl funt1s comprise unreslricttd fvnds that have been sel aside by the TrnstèÈs for particular purposts. Th¢ aim art¢J use of eath designaled fund is set out in the noi•S to th¢ finan¢ial ststements. 1.18 Critical ¥c¢ounlin9 est¥nat•s and ar•as of Judgm•nt Preparation of the accounts requires th• trnst$ manag•menl to make sigr¥ficant jUdgntS and èsb"mates. Thè item5 in the a%nts where these judgements and estimates have been made include.. determiniThJ the allocation of costs beiwe•n t1iffer•nt expgnditur• dassifications. and esb"mab"ng the ustlul econom lrte ol tart91b th.xed assets for the purposes ot dètèrmining the annu* déprwation tharg¢. Pa9e 24
THE JIGSAW TRUST IA company lifflit•d by guarant••l NOTES TO THE FINANCIAL ¥ IAI EMENTS FOR THE YEAR ENDED 31 AUGUST 2025 INCOhlE FROM DONATIONS AND LEGACY Unrestrlcted iiind ?n?s Total funds 2025 Total nds Donats"ons 203.328 203,328 71,045 Total 2024 71,045 71,045 INCOME FROM CHARITABLE ACTMTIES Vnre$trl¢t?d Totsl funds 202S Total funds 2024 2025 FÈÈS receivab 5,911.130 5.911.130 5.467.756 Total 2024 5,467.756 5,467, 756 FUNDIiAISING INCOME Unrestrlcted nds 2025 Tot•1 funds 2025 Total fvnds 2024 Funthaising events 122.079 122,079 70,436 Tolal 2024 70,436 70,436 Pa9 25
THE JIGSAW TRUST (A ¢I>MTrY limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 DIRECT COSTS Education and outreach support Tolal 2024 2025 Finance incorng and expenses Other opefating aSe$ Insurance Light and heat Postage and stationery Sundrits R•crurtm•nt costs Matenals and acknvii Ctsnsultani fees and expenses Repaits and small equipment Conventions and eXhIllOnS Training cosls Depreciation of tangitAè fixèd assets Wages and salari¢s National insurance PensN)n st 242 271.523 28.929 S8,140 JS.073 10S.092 74.179 255.792 97.852 153,427 9.980 130.474 242 271.523 28,929 58,140 35,073 10S,092 74,179 2S5.792 97.B52 153.427 9.980 130.474 279,849 32,635 47,097 49, 106 113,814 76,465 254,528 195,219 173,484 12,347 112,236 lil 203.265 3.954.539 412,668 80.995 203,265 3.954.539 412.668 80.995 155.445 3.606, 185 301,094 77, 135 S.872.170 5.872.170 5.486,639 Total 2024 5.486.638 5,486,638 GOVERNANCE COSTS Tolal 2025 Tolal 2024 Gov•mane• Auditc¢s remuneration Auditor's non audit cosls Posta9ts and stalKJnery Bank ¢harg¢s Wage5 and salaries National insuranG¢ Pension cost 8.688 12,847 8.688 12.847 9.043 199 91,fj98 9.499 10,445 13,361 10,580 1.111 86.015 7.794 1,769 91,698 9.499 133,838 133,838 131,075 131,075 lJl.U15 Page 26
THE JIGSAW TRUST (Aeompny limit•d by guarant••l NOTF.S TO THE FINAP4CIAi. STATEMCNTS FOR THE YEAR ENOED 31 AUGUST 2025 GOVERNANCI co (wrfinued) During the ended Au9[t 31. 2025. the Gharity irUrred the folknving lknmance costs.. £NIL f2024- £NIL) Iuded within the lable resptd of Diréct C4)sts. £NIL f2024- £NIL) induded the lable al0 n rnsp•ct of Raisty funds. NET INCOMEIIEXPENDITURE) This is slated after tharging: 2025 2024 Depreciation of tsngible fixed assets: . owned by the charitable group 203.266 164,684 During Ihe year, no Tnjstees recewed any remun•rakn12024 - £NILI. During the year. no Trustees received any benèfits in kn"nd12024- tNILI. During Ihè 3. no Trustees received of èxpensts {2024- £NIL). AUOITORS. REMUNERATION The Auditorfs rèmunèration amiNJnts to an ALKlil fee of £8.688 12024 - £10.445}. and fee$ for pa1 service$ and Ihe preparation al Iht attounts of Ihe tradiThJ subsidiary of£12.84712024- £13,361). Page 27
THE JIGSAW TRUST IA¢ompany limil•d by guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THI YEAR ENDED 31 AUGUST 202 STAFF COSTS Stsff ¢o$ts as follows.. 2025 2024 Wages and salaries Social security eosts Olher wnsK)n Costs 4,048,236 422,167 3,692, 199 308,888 4.5S1.262 4.OT9.992 The average nurthr of persons emFA0 bythe rknty durinq the ar was as folows.. 2025 2024 Charit)le 138 134 Tli¥ iiuiiibw vl li11 1 ¥mpWs w. 2025 2024 In the band £60.001 - £70.th In Ihe band £70,001 - £80.0 In the band t80.001 - £90.[ In the band £100.1 - £110,000 In the band £110,CK)1 - £120.000 10. INTEREST PAYABLE U24 11. TANGLE FIXED ASSETS Improve ment to Plant and property machlnery Mottx Fixtures and vehlcles fSttlngs School equlpm•nt Group Cost Al September 1. 2024 Addillons DisFosals 812,287 74.170 415.547 71.389 191.498 32.599 {4.711) 352.667 7.379 687.648 14.549 At August 31. 2025 886,457 486,936 219,386 360.046 702.197 D•pr•clallon At September 1. 2024 691.431 146.1)03 177.744 286.234 530,046 Pj. 28
THE JIGSAW TRUST IA company limited by guanfit••} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 11. TANGIBLE FIXED A&%ETS (Continued) Chargè lor On disposafs 54.585 64047 17.463 {1.178) 5.328 61,841 At Augusl 31. 2025 746.016 210.050 194.029 291.$62 591.887 Net book valu• At August 31, 2025 140.441 276.886 25.357 68.484 110.310 AtAugust 31. 2024 120.856 269.544 13,754 66,433 157.602 Total GTOUP Cost Al September 1, 2024 Addilions thsposals 2.459.647 200.086 (4,7111 At Augusl 31. 2025 2.655.022 Deprnclatlon At Sepftrmber 1. 2024 Charge for Ihe year On disposals 1.831.458 203,264 At August 31. 2025 2,033.544 Nèt b( valu• Al August 31. 2025 621N78 Al Augusl 31. 2024 628, 189 Improv•m•n t to proyrty Plant and machinery Motor Fixtur•5 and v•hicl$ frtiings School equipmcnt Charity Cost At September 1. 2024 Additions Disposals 811.296 401.4n 71.389 191.498 32,599 (4,7111 331.838 687,648 14.549 At Augusl 31. 2025 873,765 471862 219.386 702.197 Depreclatlo At Scptombcr 1. Charge for Ihe year On dbsposals 690,440 134.564 53,415 63.388 1'11.144 17.463 11.1781 267.158 4.507 $30.046 61.841 Page 29
THE JIGSAW TRUST (A company limit•d by 9uarant••l NOTES TO THE FINAJ4CIAL STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 11. TANGIBLE FIXED AsseTS Icontlnu•d> AI Au9USt 31. 20•5 743.8SS 197.952 194.029 271.665 591.887 Net book valu• At August 31. 2025 129.910 274.910 2S.3S7 66,818 110,310 AtAugusl 31. 2024 120,856 266.909 13.754 157,602 Total harfty Cost Al Sepl¢mber 1. 2024 Addib'ons Oisposals 2,423,753 187,651 14.7111 AI August 31. 202J 2,606.693 Depreclatlon At Septsmber 1. 2024 Charge for Ihe year On disF4)sals 1,799,952 20Q.614 11,178) At Auwst 31. 2025 1.999.388 Net book valu• At AV51 31. 2025 607.305 AtAugust 31, 2024 623.801 12. STOCKS Grou Cha 2025 2024 2025 2024 Raw materials 3.500 Ptsgts 30
THE JIGSAW TRUST (A ¢ornpany lim1t by gtsarants•l NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDEO 31 AUGUST 2025 13. DEBTORS Ch#ri 2025 2024 2025 2024 Tradè debtors Other debtors Prepayments and accrued income 2.146.531 300,724 219.876 193,862 164,378 188.359 2.145,245 792,013 214.934 192,602 554, 183 180.087 2,GG7 131 546,599 3,152.1ty2 9A6.072 14. CREDITORS: Amounts falllng du• within t)n• y•ar Grou Chari 2025 2024 2025 2024 Net oblgations der ffinar leases and hire purchase contracts Trade credrto Other taxats.on and social secunty Othèr crèditors Awuals and dtrf•wr•d iicom• 4,866 150,554 407,166 38,913 2,118.976 161.804 408.866 40.042 2.129.622 17.307 76,803 299.526 421.539 9,337 75,819 298.266 421.039 2.745.200 815. 175 2.720.475 804,461 15. CREDITORS.. *Ahounts talllng due •ft¢r rnorn than one year Ch¥r•t 2025 2024 2025 2024 Net obligakn.ons undef finance lsases arKI hi purthasa ¢ontra¢ts 8,516 8,516 OblvJabons under finance leases and hire [ChaSe contracts. includèd ab. ar8 payable as fcll¢)ws: Cha 2024 2025 2024 2025 Betsyeen one and fwe yea 8,516 8.516 Page 31
THE JIGSAW TRUST (A company lim6t•d by guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGVST 2025 16. STATEMENT OF FUNDS STATEIfiENT OF FUNDS - CURRENT YEAR Balaneo at Sepi*mb•r 1. 2D24 Balancè at August 31. 2025 In¢omè Exp•ndltur• Il•slgnat•d funds Designafed Fvnds 312,1100 312.000 Gènèrdl funds ReseN6s 411.573 6.414122 (6,326,676) 499,019 Total Unre$trict¢d fund$ 723.573 6.414.122 (6.326,676) 8t1.019 Total of funds 723.513 6.414.122 (6,326.fj7fj 811,019 STATEMENT OF FUNDS- PRIOR YEAR Balancè at September 1. 2023 Balance at Augusl 31, 2024 Incomg Expwrfitu Designated Funds G•n•ral funds 312.t 312.000 Reserves 9)3.570 5.759, 124 (5.851. 120) 411,574 Restricted Funds f50.000) Page 32
THE JIGSAW TRUST (A ¢omp•rby limit•d by guarant••) NOTI TO Tlll fiNANCIAL JTATEMENT8 FOR THE YEfiR ENDED 31 AUCUST 202S 17. RECONCILIATION OF NET IAOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERAnNG ACTIVITIES Grou 2025 2024 Net incomell•xpenditsJrel for the (as per Slatem8nt of Financial Activities) 87.446 (141.997) IJuStMent for: Deweciation charges (Profitllloss on the sale of fixed assets Oecreasel{increasel in stocs Ilncreaseydecrease in debtors Incrèasèlldacrnasel in credilors 203,264 11.7141 500 {1120.532} 1.92S1S9 164,685 36,957 (1,598) 1.377,848 (1, 124,617) N¢¢ ¢a$h prov1d by op•ratlng a¢tfvitl•s 94,123 311,278 18. ANALyf•1S OF CASH AND CknII CQuIVALE13 Grou 2024 2025 Cash at bank 273.126 360,460 Total 273,126 360,460 19. CONTINGENT LIABILlEs Th•m were no contingenl liabilities at the end of the fla1 ar. CAPITAL COMMITMENTS The ¢omp8ny had M cathl commitments as 8t th¢ current arbj prevKWS balance she&t d8te. 21. PENSION COMMITMENTS The Pensions, Trust This is a defined contrit)vtyon pension scheme and CLMitribulx)ns paid by the Charity amuntèd to £82.859 12024- £78,). Page 33
MIE JI¢sAW TRUST IA company Ilmited by gu•r4nt¢e) 140T1"e TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 AUGU CT 2025 22. OPERATING LtknTrE COMMITMENTS At August 31, 2025 the total of the gTOUP'S ful8 mThnum lease pawnents undet nOh4artèllab oparating was: 2025 2024 Group Amounts payable: Within 1 ar Betsyeen 1 and 5 yÈars 222,828 668,484 222.828 891,312 Total 891.312 Annts payabl•: 23. RELATED PARfi TRANSACTIONS Al the balance Sheet date, Ihe group was £251.94412024'. £152.1891 by Jigsaw +, a sister charty. JSaW Trusl is the sole member of Jigsaw".