R•gistsr•d number: 03734127 Charity nUM￿r. 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)m￿nY 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￿ $h¢•t 18 Consolidated Stslement of &ish fl¢ 19 No¢es to the financlal ststrments THE JIGSAW TRUST {A company Ilmited by guaraDteÈl REFERENCE AND ￿)mIllIsTRAT￿E DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR ThE YEAR ENDED 31 AUGUST 2025 PA"ss R A G Amfa Mrs M Asante Mr R P Jewell A M C Jew=bury. f•8rent Trustee Mr C F A Keamey Ms J A Kely. Chair Mr G Prothero. Vice Chaii Mr S Barber (appointed Septembtrr 30. 20241 Mr A Dean lappoinled Fèbruary 2. 20261 Ms L Rdton. Parcnt Truslee lappoinled February 2. 20261 Company registered number 03734127 Charlty r•glst•r•d numb•r 1075464 R•9lSt•r•d offie• 19-20 Boume Ctyjrt Southènd Road Woodford Grèen Essex IG8 8HD Company secretsry Ms C F Grant Ind•pend•nt auditors Xeinadin audit Limiied 8th Floor. Becket House 36 Old Jewry Lorldon EC2R 8DD Bank•rs Uoyts Bank Pl 25 Gresham Street London EC2V 7HN Page 1 THE JIGSAW TRUST IA c¢)mpany limited by guaTant¢e) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Th¢ Trustées vtho are alxi of thè charity for thè purp¢w of the C¢)nyni•s Act 2006, presenl their report thè financial statements of the thawity ftr the yÈar ended 31 Au9USt 2025. The trusiees have adopted the pr(Msions of Accounting and Reporb'ng by Charifie5.' St*emenl of RecommendÈd Practice applicable to charities prepariThJ their accounts in accordance wth the Financial Reporting Standard aFWicable in the UK and RepukAic of Ireland IFRS 1021 leffective 1 January 2019). OBJECTlVtS AND ACTMTIES Obl•etl¥•s and aimy The ob￿ctS of The Jigsaw Trust ale to promote. maintain, improve and advance the education and wèllbeing of those affected by an autism spectrum disoider. Jigsaw Trust is committed to raising aWare￿$S of aub.sm and to providing facilities, seNices and resources for the ed￿{￿. integralion. guhlance. assessmènt, OLrtreaeh and sup￿1 of people affècted by aub"sm. Our Values We are person eenlred valuing each per50n, as an individual. respecting Iheir a$piratK)￿ and commitments in life, a￿1 seeking to understsnd their priorities. needs, abilib.es and limils. We are caring and committed lo acting wrth cornpassi￿. integrity. h)r￿ty and high ethics in all situalions. listening with respecl lo others and valuing difference5_ We believe in teamwork listening to and respecling each othw whilst wcyking with the individuals we support. Iheir families arKI colleagues to achieve the best resutts we can. We believe in integylty acting professionally at all times. ensuring we are w0￿1ng the best ￿4￿1ble servTcE. We focus on conllnuous leamlng for all. We value learr4r¥J. [￿lbYe feedback. coaching and mentorin9. The Jigsaw Trusl is foundèd on thè princip￿ of excellence through continual Seaming and 45pires to provide the h￿h￿st quality ol education and lrfèlcw lèamirKJ possib￿", to acce￿13te ￿arnIng and the ability lo leam in r ways as well as acquiriry the skills to leam indèpendenlly thrtsjgh behavi¢)ural metMds. To this end. we have ¢$tablish8d and develope(I services delivered through our schthy, (wr $￿al èntèrprises and the centre for lifelong leaming which provides services to adult leam¢rs through Jww + a sèparate charity of which The Jigsaw Trvst is the sole member. Further Informat*￿ on Jigsaw + W￿￿dIng Ihe 8ervi¢es provided can be found in the Trustees. Rew11o'r Jigsaw + Pagè 2 THE JIGSAW TRUST {A'eompany Ilmlt•d by guarnnl••) TRUSTEES. REPORT {continu•d) FOR THE YEAR ENDED 31 AUGUST 2025 Publle benellt Th& Jvjsaw Tru$t is èstablished for public benefit by way of thè educatw)n and weffare of children and young adults wth aulism $￿truM disordèrs antl relat￿ communic8ts.on dtsorfers. improving the Ir¥e3 of those ffected by these lifelon9 disordÈts_ The Jigsaw Twst has given a high pritirity to providing wblic benefit to exoss section of the community regardless of family badcground. but pethaps thè greatest benefit that The Jigsaw Trust can offer is the provision of an education that maximise5 each student's potential. The Trustees have had due iegard to the public benefit guIdar￿e produced by the Gharity Commission for England and Wales. The aetivilles that the chantable company provides that are conshlered for ihe public benefft in summary are.. A speualist day school for children with aubsm spedrum disorders related communTrcabon disorders based on the principl&s of appl￿1 bahaviour anaW"s. It bèiNJ ad(novAèdged Ihat there is a lad( of state provided special edUcal￿n31 provision for those on the autistic speclwm who a￿ ￿able to mana9è within a mainstream educational setiing SocAal enterprises Farnily supptsrt by way of outreach SeN￿S and parent elI￿￿"0n sessions Training for profess￿￿S invofved tn the education and support of chiklren with autism spèctrum disorders Research opportunities for Ihose with an interest in Ihe education of chibjrén with autism and other autlstic and related (ornmuniGakn"on dis(xdw Raisin9 awareness of Ihe diffiujlties faced by those affected by autism and their famil1eslca￿fs. These actiwties are for the benefft of individuals wilh autism spwtrum dtsorder and reLated communicatton dis¢rders. either direcuy or indiredly by w of supporlirvj parents. carérs or Fxofessionaks invf4ved in the eduGalion and wdfare of those with #￿i$m. The opportunty to benefft is Th)t restricled lo any one hxal tKJt is delermir*d 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 pl￿rt9 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 gu*ants•) 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 OP￿rIvnI11e5 in all areas of its actiwties induding creabng working environment in whith the contri1￿tIOnS 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 S￿nIfICan1 benefit lo those pupi15 and adult learners from Jigsaw + as part of their individual learnin9 plans for no charge is rn￿e. The Trustee5 review and agree the acceplable level of Ios5 for Café on the Park annually. GardenWORKS and ArtWORKS are Ikewse social enterprises that vocat￿nal and life reaming opportunit￿S for both pupils and adult leamers from JTgsaw+. Tm$t Sh•r•d S*rvius Ther8 are a number of busiMss supp(wt seMc8s provided by Jig$aw Trust to each of Jigsaw CABAS@ Sthool. Jigsaw Trading {20131 Limited and j￿saW + inclL¥Jing CEO servirEs. finance, fa(xlities, HR ar￿ IT. Stalf in these business area5 arè èmployed by JKJsaw Tnjst arKI the Costs asS￿lated with thès$ areas are apportioned be￿een 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￿ enV￿artMent all pupils thrive and grow and become lifelong leamers speualist approach lo ￿￿rnIng based on Ihe proven winciples of Appl*d 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(￿ra*S uKiosty arrtl enthu$iasm and wcrfnoles indèpe￿1•n¢e, Conf￿enCe and resilience parenl education and encouraging partr￿shI>S beiween parents aThJ slaff to ensure that pupils are equipped for future thallenges continuous Igaming and d￿elOPMent 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 O￿Tation 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 cerlif*d 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 Stake*￿IerS. 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 fOr￿jIa 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 ratI￿j from Olsted in Ih•ir la$t five lnspKt￿n$. 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 offoi*vJ 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 auth￿tieS. 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 wil￿￿0n. Bophier Hinton. WOodèTrsF￿i. Elite Gotl. Famham Twsday Mominy Rock Cliuir. Si. Nicolas Church Cr8nleigh. Vaw*ty Golf. HayTrarkÈl Media Group. Erica Leon8rd Trusl, H. Shedock. Savoy Trijst. DunsfokJ Airport Limited. We Y￿Uld 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 I￿￿1 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 ￿C￿lI[ 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 J*Jsaw 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 a1￿Cated 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.nntrihul*l 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 eX￿￿Ing 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 add￿lOn11 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 depre￿allOn 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 $￿"r￿j 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 ly owned, J*Jsaw 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 COmpan￿S 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 J19￿W 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 Inem￿andUrn 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 71￿5 The Jigsaw CABAS@ School G￿ernors 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 WIK*Ys (appointed 16 September 20241 Mr P Sa￿ar 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 moTh1￿ing 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 1ft￿t¥S The trustees are directors of Ihe charitable conwany for the pwposes ol company law and trustees for t purp￿ of charity law. The TrUst￿S (see Page 11 We￿ in office al 31 August 2025 and $grvgd thr¢yJghout th year unl6ss othernise INI￿t￿l. The Articles ol A550Clation stipulate that Ihere must be a minimurn of three tnjstees and a maximum ol thirty truslees. All trust￿5 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 inform*ly 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 th￿1 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 visK*n, 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 be￿feen 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 Ind￿ldy81 skills and areas of eXpe￿'Se and are fesponsible for liaising With the re￿vant 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 perf0m￿ne8. The Board is resp(￿$1￿1• for agwng the meMbe￿hIP 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 J*Jsaw CABA￿ Schod. The Trust *mpk)yed 135 peopl• as * 31 Au9USt 2025. 94 al Jigsaw CABAS@ SrhcKJl Iprr 201 3 al Jigsaw Trading (p￿1) 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 rr*gAnling fAr.p di8alylity and g8ndpr eqijality. aryanopmenls to rrmilor its imptemèntation and ass&s% tts impacl on staff. leamers and pa￿nts/¢￿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 re￿lartY to ensure thal indN*Juals are recruited, promoted and treated on the basis of th•ir rd•vant merits and abilities. Objectiva cntèria a￿ a￿1￿￿ 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 ￿rt￿Cal￿Jn 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 [￿t￿raduate level Cewtifiration in behaviour 8nalysi5 and all 5tsff have the opportunity to join the UK SOc￿lY 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 p*ty transactions during the rinancial year. RISK MANAGEIAENT The Trustees have assessèd and rtgulaty review the maior risks lo thè Trust and *idÈr group IS 0xp0￿0d 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 eM￿OyMent has %nce been terniinated, had engaged in the misappropriatK)n of charty funds over an extended per1￿. These historic transaclions are still being investigated., hO￿V•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 M￿gate 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 applic*Ae and United Kingdom Accwnting Standards (Llited KI1￿3thn Gwally Accepted AcC￿n11n9 Practice). Company law requires the Trustees to P￿Part 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 charrta￿e 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 gU￿nt?¢} INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE JIGSAW TRUST OPINION WÈ lislV¥ du¢Jil¥d ilie filian￿al Stalen￿nIS of Th¢ Trus1 Ill￿ 'pL*￿ill 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 pxp*nditur• 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 reyUiWT￿1lls of ￿ C￿11￿￿11*S 2006 aii¢J Ihe Chwibtts Act2011. BASIS FOR OPINION W¥ wKlu¢led dudil iri aC￿r￿an￿ with 1iiiwii¢ili￿al 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 fv￿lIed 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 hlenbf*d any material uncertainties relating lo events or Wil￿111￿1& 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 fir￿nc￿lI )tatcmonts orc authorised for issue. Our responsibililies aThJ Ihe respo￿bIllieS 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 (rtl*r 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. re5r￿￿sibl1ty is to rpad Ihp other ￿forma￿D 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 rnisstaleff*nl of Ihe other infomation. If. based on the work wa havè pgrf¢)rmed. ￿ CO￿l￿de that Ihwè is a rnateri￿ mi55tstement of Ihis other infom￿11?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 v*th the financial staiemenls. the Trustees, report has been prepared in at￿rdan￿ 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 ￿entIr￿d 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 re￿rn$ 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 ￿t￿m5.. or cèrtain disclosures of Truslees. rernunerats.on spe(rf￿￿ by Law are not made.. or we have not rer*ived all the information aTrJ eXpl￿at￿lS 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 TrUSt￿S, raspons￿lI111Ès 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 charIta￿e 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 Operat￿0. or havc no real.3t￿ att8mativo but to do XJ. Page 13 ThÉ JItsSAW TRUS). IA eDM￿nY 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 wl*ther 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. ReasOna￿e 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 decIs￿S 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 identif￿n9 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 Identi￿ng asse5sry the risks of malerial misststement ￿ respect of irregulaflties, including fral￿ and non-compliance wlh laws and regulaI￿s. was as follows.. -Ihe engagement partner ensured ihat the eThJagemenl team collectively had the appropriate competenc*, capabilrties and skills to identty or recognise noTrcOM￿Iar￿e with a￿l¢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 expeit￿8 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 aCti￿lieS ol the charity. These indudet1 but were rK*t limited io Ihe Compan*s Act 2006, Charit195 AGt 2011; A￿￿nting 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 KIr￿dOrn 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 dIr￿t 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, indL*Jing obtaining an undetstanding ol how fraud M￿ht 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 mit￿31& risks of fraud and n()n-Corn￿l#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 Cl￿trOlS 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-comp1￿ce *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 u1￿ertY1ng SUp￿rting 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 a￿111 pl￿edureS d8scribtd abov•. Th• more 1•mo￿a 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(>m￿pI1anct 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 reSF*Jtsib￿rtreS fof the audrt ol Ihe financial statemènts is l¢xatéd on the Financial Rèporting Council's wèbsitè at fftww.frc.org.uklauditorsre5p)nsilylthes. This ￿e5￿p1K)n fornbs Part of our Report ¢fthè Int￿nd•At Auditots. USE OF OUR REPORT This report is made soldy lo th8 charitable companrfs members, as a t￿y, 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 perm￿ert 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 com￿nY 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 lo9￿yeS 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) REcONcIL￿￿oN 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 wI￿n 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 Charit￿s 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." arno￿t$ 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$￿￿S applicab￿ to Companiès SLrt)jèet to thè small companies regime. The fjnanrial ststements were a[vro￿l and aullvi￿ f(K issue by Trustees on May 27. 2026 and signed on their behalf, by.. Mr G Prothero, The r￿leS on pages 20 to 34 form part of these firwKial statemerrts. Page 18 THF .IIGSAW TRUST IA ¢ompany limlted by guannlee) CONSOUDATED STATEMENT OF CASH FLObYS FOR THE YEAR ENDED 31 AUGVST 2025 2025 Cash Ilows from opÈratrng activiti•s N¥1 id¥Trli viuvi¢￿(l by uwratirig aL￿[ville$ 17 94.'123 3'11,278 Cash flows from inv•sting actl¥ttl•$: Pro￿edS from thè sal& of tsngible fixed assets Purthase Of largible fix•d ass*ts 4247 1200.0861 [288, 184J Net eash used In Investlng actlvltles (194.839) (288, 184J Cash Ilows from fin￿¢•n9 •cllvltkns: Cash inflows from new borrowing 13,382 Net ¢a$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 fin*n¢la7 $tatèn*nts The financial statements have been prepared in accordance wth Accwnting and Reporting by Charities.. Slatement of Recommended Praclice applicable to charities preparing their accounts in accordance wth the FInar￿La1 Reporting Standard applicable in Ihe UK and RepublK ol Ireland IFRS 1021 leffective l January 20191- Icharities SORP (FRS 102)). the Financial Reporting StsrKlard applicable in the UK and Republic of IrelaThJ IFRS 1021 and the Companie5 Ad 2(K)6. The Jigsaw Trust meels the definrfion of a wbli¢ ben¢ffii enlity under FRS 102. Assets and liabl￿tieS are initially reciyJnised at hi51oric* cosl or tranS9￿n unles5 otherwise slated in the relevant acc¢)unting policy. The Statement of ￿ancIal activities ISOFAI and Balance sheel consolidale the financial stalements of the charity and its subsidiary undertaking. The results of the subsK1iary are consol+dated on a linè by line basis. No separate SOFA has b￿n prns•ntsd far th• charity alon• a$ pemiittod by $¢¢tion 408 of the Companies Ad 2L￿. 1.2 Company ststus The charity is a company timited by guarantee. The membws of the company are the Trustees named on page 1. In Ihe event of Ihe chanty beiThJ wound up. the liabilty in respect ol the guarantee r8 limited to £1 per w*mber of the cliarity. 1.3 Goino eoneern Thè irustèès. hawro madè apprcoriat• 8rAuirigs. c(￿sider that adeguate ￿SoUrCeS exi$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 f￿1Ve￿ and the amount of inwme receivable can be rreasured reliably. F(H legacies, enlillement is lakgn as Ihg eailky vt dale vhilL*I 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 WI￿7 d dists1bu￿.on Is revelved from the estaie. Receipt of a fegacy, in who* or in part, is only cons￿ered 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 rK*t 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 1.$ Exp•thditur• Expenditurè is recogni$￿ oncé thère o a 189al or conslwdive oblvjation lo tr8n$fer econornic benefit lo # third party, li is probat￿e Ihai a transfer of economic benefit5 will be required in settlement and the amount of the obligalion can be measured rella￿y. 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 attritsuta￿e 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 attribUla￿e 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 d￿￿table a¢11￿￿.$$. Support co$ts are those cos15 inGurred direth in support of expenditure on the d¥'eGts of the ¢harity 8rKI include projecl management Garried at Headquarte15. GovemarKe costs are Ihose incurred in ￿nnectIon with dmini5tration of the charity and ￿n￿lar￿￿ *ilh cr￿5111￿1￿8l and statutory Tequiremenls. Costs of generats'ng hJnd5 are cosls rKurred ￿ atlractirvJ vokjntary income, and those incurred in trading activities that raise lunds. Charitabk aclivities and GovemarKe costs are costs inujffed on the charilrfs edLtcatior operations, including support costs costs relaling to the govemance of the th*ity apkw)rtioned to charitsble activities. 1.6 Basls of eonsolldallon The financial statements ¢onsd•J8te the of Th& Jigsaw Twu$l and 811 of its subsidiary undertaking5 fsub5Kliaries'). The charitsble company has tsken advantage of the exemption contained wlthin section 408 of the Companies Act 2006 not to present ils own Ir￿orne and e¥penditure account. The income and expendilure accoLnt for the ￿ar dealt vAth in the accounts of the ¢haritable corrwy was net expenditure of £936 (2024. £78,683). Page 22 THE JIGSAW TRUST {A cwnpany limitèd by gu.Irant*)è) NOTES TO THE FINANCIAL STATEMENTS FOR THE YE￿ ENDED 31 AUCUST •025 ACCOUNT*4G POLICIES {CONTINUED) 1.7 Tangible a$$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 belwe*n th¥ Lariyiiig value ol fixed assets and their retoveraiAe amounts are fecognised as impairmènts. Impaim)ent rosses are recognisèM￿TrY 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 eXh￿IllOnS 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 ir￿Urred the folknving lknmance costs.. £NIL f2024- £NIL) I￿uded within the lable resptd of Diréct C4)sts. £NIL f2024- £NIL) induded the lable al￿0 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 pa￿￿1 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 li￿11￿ ￿￿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. TANG*LE 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 P￿j￿. 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 A￿V51 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) I￿JuStMent for: Deweciation charges (Profitllloss on the sale of fixed assets Oecreasel{increasel in stoc*s 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 CQuIVALE1￿3 Grou 2024 2025 Cash at bank 273.126 360,460 Total 273,126 360,460 19. CONTINGENT LIABIL￿lEs Th•m were no contingenl liabilities at the end of the f￿￿la1 ￿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 ful￿8 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 An￿nts payabl•: 23. RELATED PARfi TRANSACTIONS Al the balance Sheet date, Ihe group was £251.94412024'. £152.1891 by Jigsaw +, a sister charty. J￿SaW Trusl is the sole member of Jigsaw".