REGISTERED COMPANY NUMBER: 08278978 ff ngland Wales) REGISTERED CHARITY NU[BER. 1151727 REPORT OF THE TRUSTEES AND FINANCIAL STATEIIIENTS FOR THE YEAR ENDED 31 AUGUST 2024 FOR JIGSAW + Xeinadin Audit Limite Statutory Auditor 8th Floor, Becket House 36 Old Jewry London EC2R 8DD
AW+ coiYrENTS OF THE FINCIAL STATEMENrs for the ear ended 31 Au t 2024 Page Report of the Trustee5 I to 7 Report of the Independent Auditors 8 to 11 Statement of Financi Activities 12 Balance Sheet 13 Cash Flow Stalement 14 Notes to tbe Cash Floiy Statement 15 Notes to tbe Finaneial Statements 16 to 23
JIGSAW + GISTERED NUMBER: 0827897 REPORT OF THE TRUSTEES for the ear ended 31 Au ust 2024 The Trustees who are also directors of the charity for the purtx)ses of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 Augiisl 2024. The TnLStee5 have adopted the provisions of Accounting and Reporting by CbaTities: Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republic of Iland IFRS 102) (effective l January 2019}. OBJECTIVES LND ACTIVITIES Objectives and aims Jigsaw + 15 dedicated and passionate in its commitment to support adults with autism spectnlln disorders to make positive. personal hoices that enhance their wellbeing, independence and social incls1On. In order to achieve this, Jigsaw + promotes and supports the lifelong learning and wellbeing of those affected by autism. Our values We are person-centred - We value everyone, whether our aduli learne or staff. as individuals. We respeci their aspirations and ornmittnents in life and support their priorities, needs and abilities &s well as respecting their limits. We are caring - We act with compassion, honesty and apply high ethical standards al all tAm¢s. Listening with respect to others, valuing difterence and enhancing our community is at the core of our work. We act with inlegrity- We are professional. reliable and responsible. We deliver a quality sernice at all times. We work &% a team- We listen to alld respecl one another and WQTk together to achieve mutually beneficial outcomes. We focus on continuous learning for all _ We promote learnin& COtrUCtive feedback. coaching and mentoring for our leamers as well &s at all levels of the organi5alion. Public benefit Jigsaw + w&% established for the public benefit of offering Iifelong learning and promoting the welfare of adults with autism specttum disorders and Telated comrnunication disordcrs. thus improving the lives of those affected. Maxirnising the potential and independence of adults with autism spectrum disorders also benefits their families and carers and the wider community. Our services and activities are designed on the basis of the latest evidence and evaluated rigorously. The activities that the charitable company provides that are considered for the public benefit in summw are.. - Lifelong learning provision for adults with autism spectrum disorder5 and related communication disorders b&8ed on the principles of Applied Behaviour Analysis (ABA). - Access to learning through participating in social enterprises provided througb the auspices of The Jigsaw TnLSt. Trnining for piofessiona]s involved in the provision of lifelong learning and support of adult Iwners with autism spectnlln disordets. - Research opportunities for those with an interest ID the provision of lifelong learning for adult l¢aTners with autism and other autistic and related communi¢ation disoTders. - Raising awareness among the general public of the challenges faced by those affected by autism. These actiTrities are for the betLefit of individuals with autism specttum disorders and related cotulnunication disorders. eith directly or indirectly by way of supporting parents, carers or professionals involved in the lifelong learning and welfare of those with autism. Jigsaw + provides these public benefits to adults from a wide eross section of the comrnunity it serves. We offer our 5¢Tvices to those most ID need regardless of their backwund. Moreover. we attend community events hosted by Surrey County Council and others to encourage uptake of provision by athts from a wide range of backgrounds. The opportijnity to benefit is not restricted to any one local authority but is detennined by the number of plac¢5 available at Jigsaw + Adult l<drners' journey times are generally exPt to be no longer than 90 minutes. Tbere is no restriction by gender. although rnore beneficiaries are male rather than female due to the prevalent chardcterislies of autism. The fees payable to Jigsaw + are significant and would be outside the funding capacity of all but a very few families. Fees are in the main fully paid by the care package aeed and funded by the client's local authority. The Trustees have had due regard io the public benefit guidance produced by the Charity Commission for England and Wales. Page I
JIGSAW + REGISTERED NUMBER: 08278978 REPORT OF THE TRUSTEES for the ear ended 31 Au ust 2024 ORIECTtVES AND AcTivrEs Our services Jigsaw + supports those aged 18 and over with an autism spectrum disorder through the provision of lifelong leaming opportunities and wellbeing support. This year our provision increased from supporting 47 learners in Allt 2023 (Whole time equivalent (wfE) 48.55) to 48 leamers in August 2024 (WTE 49.35). wfE is the average of the rdlio of leaming support worker to adult leaTner as this varies depending on required support. We work together as a team to offer every adult learner. - Learning support through person-centred, individuaIly designed learning plans suited to their needs, likes and abilities and drawing on the appropriate and relevatLt topics from a compTehensive central curriculum aimed to develop communication and life skill5. Employment support through access to vocational trainin& volunteering. and work experience wheth¢r with social entery)rises operated by The Jigsaw Trus¢ including Cafe on the Parl GardenWORKS, ArtWORKS, or other places of employment, for example at Crdnleigh Library. - Wellbeing support througb access to social. leisure, and therapeutic opportimities. Jigsaw + is open Mondays to Fridays for 49 weeks a year and learners or their parents/¢arers choose bow many sessions they wish to attend in a week. Our strategy In 2023124 the core strategic priorities of Jigsaw + has been to ensure that our vulnerable adult learners continue to rece3ve the support they and their families depend on and to sttk to grow the service in a sustainable way. This has remained a challenge due to the ability to atttact and relain staff, a situation common across much of the UK Gare sector. We have continued to mainlain high standards of delivery and to be recognised for the high quality of Staff training. including certified training. As outlined in receni TnteeS Reports . the care sector h&8 seen subslantial competition for staff with a seemTngly more limited pool of potential applicants. in part related to the impact of botb the Covid pandemic and Brexit. As a resulL many operators in the sector, including Jigsaw + offered Ireased salary packages to attract and retain Staff. Iwbilst this initially led to a significant increase in the number and quality of applicants. this was not sustaiD¢(l miorillg the trend seen in the wider adult social care sector, and difficulties in recruitment and retention necessitated the re-inttoduction of a restricted seryice from October 2023 with a concomitant reduction in income. Given these on-going issues, a review of the business opernting model was undertaken, and a revised staffing structure implemented that enables Jigsaw + to continue to provide a high quality service within existing stsffmg levels and facilitated the on-boarding of new learners, there being considerable demand for places both from past pupiIs at Jigsaw CABAS@ Sehi)ol and the wider community. A full service was sUMed from Febnwy 2024 and bas been maintained to the date of signing these accounls. However, the business continues to experience diificulties with recruitment and retention. as the case with other providers, and this has led to the decision to both defer on-boarding of further new learners in the short tenn and a managed reduction in SeICe to four days per week for learners fi]nded by adult social care with effect from 26th May 2025 for a period of six months. The Trustees were cognisant that theTe would be an adverse financial impact associated with these organisational ehanges, leading to a forecast rinancial loss for 2023124 covered by existing reserves but would restore and ensure delivery Capability to operate profitably. In the event, the fancial loss sustained for 2023124 is lower by some £57.5k than anticipaied. The budget for 2024125 forecast a return to profitability, and manageTn¢nt accounts for the first six months are ahead of budget and continue to forecast an operating profil for the year notwithstanding the decision to operate a reduced service, delay increasing th¢ number of leamers and the increase in employers national insurance contributions announced in the 2024 government budget effective from April 2025. The Trustees remain confident that the business colltinues to be a going concern on the proviso that there is no immediate requirement to repay the loan outstanding to The Jigsaw Trust. Page 2
JIGSAW + GISTERED NUMBER: 08278978 REPORT OF THE TRusfEES for tbe 'ear ended 31 Au st 2024 OBJEcrtVES AND ACTIVITIES Equal opportunities policy The Trustees recognise that equal opportunities sbould be an integral part of good prdctice within the Workplace. Jigsaw + aims to establish equal opportunities in all areas of its activities including Creating a working environment in which the Contributions and needs of all people are llY valued. Selected policies can be found on the Jigsaw + website. ACHIEVEMENT AND PERFORMANCE Chydritable activities Jigsaw + is dedicated and passionate in its commitment lo support adults with an autism specthlln disorder and help them rnake positive choices that enhance their wellbeing, independence. and wial inclusion. Leaming support workers work closely with learners to create a personal development plan that foceS on the identification and achievement of Meaning1, individual goals. We have continued to provide specialist sllprt to aid the development of social and communication skills ond life skills and have provided opportunities for w¢llbeing activities including yoga. ary drama and music lessons. All learner5 are able to access social enterprises provided under the auspices of The Jigsaw Tnt including ARTworks. GARDENWorks and Cafe on the Park providing them with rich opportunities to develop skills for employrnent and contn.bute to tbe local community. JigsawPlus continu¢s to offer professional development to all staff on a pernlanent eontracL this includes both Health and Social Care and Behaviour Analysis courses and training programmes. All staff continue to complete mandatory training in health and social cate via the Careskills Academy. an online training plarforni. Staff are also required to complete mandatory training in safeguarding adults at risK PROAcf-SCIPr-UK First Aid, and behaviour analysis. The Tnttts would like to Tord their sincere thanks to all those associated with Jigsaw + staff, volunteers, and OUT adult learners whose efforts and dedication enable Jigsaw + to provide a friendly, happy. and secure environment where individuals learn and achieve. In particular. we wish to recowse the dedication and resilience of all the staff who hav¢ continued lo provide a high quality service in wbat has been anotheT difficult and challenging yeat. It is the commilment of staff. voluntee. our adult learners themselves, together with their parents and carers. Trustees and supportets that ensures the continued success of Jigsaw + to move fonvard in furtherance of its strdtegic aims. We would also like to express our thanks to parents and carers for their support and understanding during the year. Fundraising activities Jigsaw + was supported in its fundraising actilities by the Fundraising Team (Chigwell Consultancy). employed by The Jigsaw Trust. We are very grate] to the following who have provided support during the year: The Mulberry Tntst, Setfords Solicilors. Purnpse, Catercall and all those individuals who have supported Jigsaw + through gifts in kind. FINANCIAL REVtEW Reserves policy The Trustees have agreed that the charitsble company should maintsin unrestricted fimds, which are the free reserves of the charitable company at a level equivalent to cover approximately three months running costs of Jigsaw +. For the year ended 31 Augusi 2024, three months rUtlDg costs are estimated at £635.000 and the total free reserves as at 31 August 2024 were £114,337. Aithougb Teserves as at 31st August 2024 do not meet the desired level, the Trustees are committed to the reserves policy. While the challenges of Covi¢ the squeeze on Local Authority social security budgets and recent incr&ises in Employe Nl contribulions have made il difficult to build reserves to these levels. the Tntee5 are committed to the policy and focused on rdi5ing additional funds to improve reserves at the earliest opportunity. Page 3
JIGSAW + REGISTERED NUMBER: 08278978 REPORT OF THE TRUSTEES for the ear ended 31 Au st 2024 FINANCIAL REVIEW Going con¢erD Whilsi the business suffered a fillther overall loss for the year &s predicled in the 1&8t Trustee Report. the Trustees have CareIlY ¢onsidered the circumstances giving rise to this loss and the budget for 2024125 which evidences a retum to profitability based on conservative projections. In particular, the TnteeS have sought and Obtain written assurance from the Trustees of The Jigsaw Trust that they have no intention of calling in the loan made to Jig5awk detsiled under 'oth¢r edItOrS. in note 14 to the financial statements below in the foreseeable future. For these reasons, the TDJStees continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis Can be found in the Accounting Policie5. In conclusion, after making appropriate enquiries. the Tlltee5 have a reasonable expectation that the company has adequate resources to continue in operalional existence for the foreseeable fubjre. Independent assurance Raffingers LLP have undertaken the statutory external audit of Jigsaw +. They also report on the adequacy and effectiveness of Jigsaw + system of internal financial control throuth if considered nece&wy. the qualification of the annual fuwlcial accounts, the "management letter" and ad hoc assessments and reviews. The fllwieial results for the year to 31 August 2024 are shown in the atthched financial statrments. Income from Charitable activitie5 amounted to £2.396.490 representing an avernge wfE of 48.6 during the year. This is an incre&8e in Charitable activity Inc¢)me of £158,901 {7%) compared with 2022-23. There was a net reduction in funds of £141,740 (2022-23 reduction in funds of £52.081) with totsl funds carried forward of £546.813 (2022-23 £688,553). Of the funds at year en(L £432,476 w&s restricted and the remaining £114,337 unrestricted. FUTURE PLANS The Trustees and Management are commilted to working closely to eLsure that Jigsaw + can continue to offer high quality support to our learners and sustainably grow the service. We look to continue to improve SeiCeS and resources for the lifelong learning, inlegrntio guidance, asse&8ment and support of 0p]e affected by an autism spectn]m disorder in these challenging circumstsnces. We will also continue to promole a greater knowledge and understanding of autism spectnun disorders by the public and those concerned with the welfore of those affected by autisnL with the aim of creating and delivering an integrated model for lifelong learning. We continue to aspire to expand our services to offer independent living options. which a growing number of our leamers and their families require. It is however. recogni5ed that a challenging r¢cruilment markeL toGeth¢r with restrictions on local authority funding, has impacted on our aspirations to develop an integrated life-long learning model and whilst this remains a medium-terni aim, the immediaie focus continues to be on ensuring the efficient operdtion and growth of our adult learner day service. Page 4
JIGSAW + GISTERED NUMBER: 08278978 REPORT OF THE TRUSTEES for the ear ended 31 Au st 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT Charity constitution Jigsaw + is constituted as a ¢ompany limited by guarantee and was incorporated on l November 2012. The company is registered under the Companies Act, England aud Wales (Company Registration Nwnber 08278978) and with the Charity Commission (Charity Registration Number 1151727) and is governed by its memorandum and articles of association The Jigsaw Tt is the sole member of Jigsaw + and provides service5 principally finance, facilities, HR and IT to Jigsaw +. Staff in these business areas are employed by The Jigsaw Tn and the costs associated with these areas are apportioned between the activities of The Jigsaw Tt and Jigsaw +. Recruitment and appointment of new trustees The Articles of Association stipulate that there musi be a minimum of th¢ trustees and a maximum of thity trustees. OrganisatioDal structure Overall responsibility for the charity lies with the tnLStees. a nurnber of whom additionally sit on the Board of Trustees for The Jigsaw TnLsL IDduction and training of new trustte$ Potential trustees are invited to infornially attend trustee meelings prior to appointtnent and a comprehensive induction progrdmme is available. Additionally individual trustees may undertake external training in a particulat area of their role. Related parties No trLLStee had any beneficial interest in any contract with the charitable company during the year. Save &5 disclosed in Note 21 to the Financial Ststemenls there were no related paty transactiOL8 during the financial year. Risk management The Trustees bave &ssessed the major risks to whieh the company is exposed. in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place lo mitigate our exposure to the major risks. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company Dumber 08278978 (England and Wxles) Registered Charity number 1151727 Registered office 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD Trustees Mr G Prothero Mrs J A Kiely Tntee (Chair) Mr A Cavell Director Mr B S C Revell T1¢¢ A Kiely (appointed 4.11.24) Company Secretary Ms C F GTant Page 5
IGSAW + GISTERED NUMBER: 08278978 REP for the RT F THE TRUSTEE ear ended 31 Au 5t 2024 REFEREliCE AND ADMINISTRATIVE DETAILS Auditors Raffingers LLP, Statutory Auditor 19-20 Bourne Court Southend Road Wo¢xlford Green Essex IG8 8HD CHARITABLE OBJEcfs AND PUBLIC BENEFIT Jigsaw + is established for the public benefit by way of offering lifelong learning opportunities and promoting the welfare of adults witb autisrn spectrum disorder and related communication disorders, improving the lives of those affected by these lif¢lollg disorders. In deciding the activities of the clmritsble company, the Tnee$ bave had due tegard to the public benefit guidance produced by the Charity Commission for England and Wales. The aims of the charitable company for the public benefit are detailed in the 'Objectives and ActI1ties, section of this report and the main activities undertaken in order lo Ca out the ¢k]aritable company's aims for th¢ public benefit are outlined under 'Achievements and Perfornian¢e' above. The activities that the charitable company provides that are considered for the public benefit in summw are.. - A provision for adults with autisrn spectrum disorder and related wmmunication disorders b&5ed on the principles of Applied Behaviour Analysis (ABA) Social enteTprises - Family support by way of outreach services and parent ethication sessions - Training for professionals involved in the ¢ducalion and support of adults with autism specttum disorders Research opportunities for those with an interest in the education of individuals with autism and other autistic and related communication disorders - Raising awarene55 of the difficulties faced by those affecied by autism These activities are for the benefit of individuals with aulism spectnlm disorder and relaied communieation disorders, either directly or indirectly by way of supporting parents, careTS or professionals involved in the education and welfare of those wtth autisrn. The opportunity to benefit is not restricted to any one local authority but is deternined by the number of places available ai Jigsaw + Centre for Lifelong l£aming. There is no restriction by gender. although more beneficiaries are male rather than fenthle due to the prevalence chaTact¢ristics of autism. STATEMENT OF TRUSTEES, RESPONStBILTfIES The tnjstees (wbo are also the diTectors of Jigsaw + for the pu15CS of company law} responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally A¢¢epted Accounting Prdctice). Company law requires the trustees lo prepare financial ststements for each financial year whi¢h give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In prepatin(F those fuw]cial statements. the trustees are required to select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charity SORP: make judgernent5 and estimates tbat are rQDable and prndent. prepare the financial statements on the going concern basis unless it is in4)propriate to presume that the charitsble company will continue in business. Page 6
JIGSAW + REPORT OF THE TRUSTEES for the ear ended 31 Au st 2024 STATEMEIYT OF TRUSTEES, RESPONSIBILITIES- continued The IteeS are responsible for keeping pmper accounting records which disclose with reasonable aUraCY at any time the fmancial p05ilion of the charitable compojiy and to enable them to ensure that the fmancial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the aets of the cbaritable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware". there is no relevant audit infommtion of which the charitable company's auditors are unaware. and the trustees have tsken all steps that they ought to have tsken to Dtske themselves aware of any relevant audit infonrlation and to establish that the auditors are aware of that infomlltion. AUDITORS The auditors, Xeinadin Audit Limite¢ Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meeting. This report has been prepared in accordance with the special provisions of Part 15 of the conan1¢S Act 2006 relating to small companies. Approved by order of the tx)ard of tteeS on 12 May 2025 and signed on its behalf by: Mr G Prothero- Tntee Page 7
RT OF THE INDEPENDENf AUDIT GSAW + TO THE MEMBERS Opinion We have audited the financial statements of Jigsaw + (the 'clwitable company) for the year ended 31 August 2024 which comprise the Statement of Financial Aaivities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements. including a summary of signifjcant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accountlng Standards (United Kingdom Generally Accepted AontIng Practice). In our opinion the financial statements: give a true and fair view of the state of the charitable company's affaiTS as at 31 August 2024 2nd of its incoming resources and application of resources. including its income and expenditure, for the year then endrf. have been properly prepared in accordance with United Kintrdom Generally Accepted Accounting Practice. and bave been prepared in accordance with the requirements of the Companies Act 2006. Basi$ for opinion We conducted OUT audit in accordance with International Stsndards on Auditing (UK) OSAS (UK)) and applicable law. Our responsibilities under those standards are fier described in the Auditors. responsibilities for the audit of the fmancial statements sectlon of our report. W¢ are independent of th¢ charitable company in accordance with the ethi¢AI Tequirements that aTe relevanl to our audit of the financial statements in the UK. including the FRC'S Ethical Standarf and the provisions available for small entities, in the circumstances set out in note 20 to the financial statements, and we have fulfilled our other ethical responsibilities in accordall¢¢ with these requirements. We believe that the auth"t evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going contern In audiling the financial stalements. we have concluded that the trStees, use of the going concern basis of aCcOlting in the preparntion of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to evellts or conditions tbat. individually or collectively. may cast significant doubt on the chaTitsble companvs ability to C4mtinue as a going concern for a period of at least twelve months from when the fmancial statements are authorised for issue. Our responsibilities and the responsibilities of the ITUStees with respect to going concern are described in the relevant sections of this report. Other Information The trustees aTe responsible for the other infonnation. The other inforniation comprises the infomtiOn included in the Amiua] Report, other than the financial statements and our Report of the Independent Auditors thereon. OUT opinion on the financial ststements does not cover the other infoTmation an4 except to the extent otherwise explicitly stated in our ieport, we do not express any fomi of assurance conclusion th¢reon. In connection with our audit of the financial statements. our responsiTrJility is tr) Tead the other information and. in doing so, consider whether the other infomation is materially inconsistent with the fuwicial Statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatrments, we are required to deternline whether this gives rise to a material misstatement in the financial statements themselves. If, based on tbe work we have perfomied. we conclude that there is a malerial mi&staternent of this other infortnation, we are required to report that facL We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 21)06 In our opinion, b&8ed on the work undertaken in the course of the audit.. the infonnation given in the Report of the TnLslees for the fllwicial year for which the finaneial statements are prepared is consistent with the financial statements" and the Report of the Trustees h&% been prepared in accordance with applicable legal requirements. Page 8
REP RT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF Alv+ Matters OD whfieh we are required to report by eiception In th¢ light of the knowledue and understanding of the charitable company and its environment obtained in the course of the audiL we have not identified material misstaternents in the Report of the Tn]stees. We have nothing to report in pect of the following mattern where the Companies Act 2006 requires us to rqK)rt to you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us. or the fllMicial statements are not in agrttment with the accountlng records and returns" or certain disclosures of tnLStees' remuneration specified by law are nol made; or we have not received all the information and explanations we require for our audiL or the tsleeS were not entitled to tske advantage of the srnall companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Tntees. Responsibilities of trustees AS explained more llY in the Statement of Tees, Responsibilities, the tnte (who are also the directors of the charitable company for the putposes of company law) are responsible for the prepardtion of the fncIal statements and for being satisfied tbat they give a ttue and fair view, and for sucb internal control as the ttijstees determine is necessary to enable the prepardtion of financial statemenls that are free from rnaterial misslatemenL whether du¢ to fraud or error. In preparing the financial statements. th¢ trustees are reSpOlbIe for assessing the charitsble ¢ompangs ability to continue as a going concern, th'sclosing. as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidat¢ the clwitsble company or to cease operation8. or have no realistic alternative but to do so. Pag¢ 9
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBEILS JIGSAW + Ollr responsibilities for the audit of tbe financial statements Our objectives are to obtain reasonable assurance about whether the fjnancial st2t¢ments as a whole are free from material misstatement, whether due lo fraud or error, and to issue a Report of the Independent Audito that includes our opinion. Reasonable assurance is a high level of Ce, but is not a guarantee that an audit conducted in a¢wrdance with ISAS (UK) will always detect a material misstatem¢nt when it exists. Misstatements can arise from frdud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users tsken on the basis of these financial statements. The extent to which ourprocedures are capable of detecting irregularities. including fraud is detailed below: Our approach to identifying and assessing the risks of material mi&statement in respect of irregularities, including fraud and non-complian¢e with laws and regulations. w&5 &5 follows.. the engagement parther ensured that the engagement trdrn collectively had the appropriate competence. capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. - we identified the laws and regulations appllcable to the company through disc105 with directors and other managemenL and from our commercial knowledge and experience of the company's sector. - we focused on specific laws and regulations which we considered may have a direcl material effect on the financial statements or the operations of the charity. Thes¢ included but were not limited to the Companies Aci 2006. Charities Act 2011; Accounting and Reporting by Charities: Statement of Recommended Practie¢ applicable to cl]arities preping their accounts in accordance with the Financial Reporting Standard applicable to the United Kingdom and Repubh'c of Ireland (FRS 102) (effethive l Jonuary 2019). Employment Law. Data Prolection Legislation" The Code of Fundraising Practice. and Safeguarding Regulations as they affect the direct charitable activities of the charity; - we &ssessed the extent of compliallee with the laws and regulations identified above through nkIng enquiries of management and inspecting legal COespondence where necessary. We &ssessed the susceptibility of the cOmpanS fll]anciai statements to DterIal misststemenL including obthining aD understsllding of how fraud might occur, by: making enquiries of rnanagement as to where they considered there was susceptibility to fraul their knowledge of actual, suspected and alleged fraud. and - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and TeguIations. To address the risk of fraud through managernent bias and override of controls, we: - perfornied analytical procedures to identify ally unusual or unexpected transactions. - tested the appropriateness ofjournai entries. - tested authorisation of expenditure" - assessed whether judgements and &ssumplions made in detennining the accounting estimates were indicative of potential bias. and - investigated the rationale behind significant or unusual trdnsactions. To address the rt5k that revenue could be misstated due to frnud, we.. - obtained an understanding of the companys revenue reCOlt10n policies and compared these to the accounting standard. - perfonned a walkthrough to confirn] our understanding of the processes and controls through whicb the business initiates. rOrdS, processes and reports revenue transactions. - tested a sample of revenue transactions to supporting evidence. and - tested, on & sample basis. revenue Telated balances in the balance sheeL In response to the risk of iTregularities and non-compliance with laws and regulations, we designed procedures which include¢ but were not limited to= - agteeiDg financial statement disclosures to underlying suprrf)rting d¢)cumentatio - reading the minutes of meetings of those charged with govemance" - enquiring of management &s to actual and potential litigalion and elaims" and - reviewing correspondence with HNIRC and relevant regulators. There are inherent limitations ill our audit procedures described above. The more removed that laws and regulations are frorn financial transa¢tions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence. if any. Page 10
REPORT OF THE INDEPENDE AUDITORS TO THE MEMBERS OF JIGSAW + Material misstat¢m¢nts that arise due to fraud can be Iwder to detect than those that arise from em)r as they may involve deliberdte concealment or collusion. A further description of our responsibilities for the audit of the financial stalements is located on the Financial Reporting Council's websifr at www.frc.org.uklaudiiorsresponsibilities. This description fonns part of our Rq)ort of the lThdependent Auditots. Use of our report This report is made solely to the charitable company's member5. as a b(xiy. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the chitable compangs members those matters we are required to slale to them in an auditors, report and for no other putFKJse. To the fullest eXtt pennitted by law, we do not accept or assume restKTrDsibility to anyone other than the charitable company and the CPItable company's members &s a body, for our audit work for this report, or for the opinions we have forn7. Mr Thurairatnam Sudarshan FCCA (Senior Statutory Auditor) for and on behalf of Xeinadin Audit Limite Ststutory Auditor 8th Floor. Becket Hollqe 36 Old JeThTy London EC2R 8DD 12 May 2025 Pagell
JIG AW+ STATETrIENT OF FINANCIAL ACTIVITIES for the ear ended 31 Au st 2024 2024 Total fjJn(ts 2023 Total funds Unrestricted fijnd Restricted. fijnd Notes INCOME AND ENDOWMENTS FROM Charitable activitles Charitable activities 2.396.490 2,396.490 2.237.589 Investment income 1.244 1.244 263 Totsl 2.397.734 2.397,734 2.237,852 ExPE1NrrURE ON Charitable actItieS Charitable activities 2.503.314 36.160 2.539.474 2289,933 NET INCOME/(EXPENDITURE) (105.580} (36.160) (141.740) {52,081) RECOIYCILIATION OF FUNDS Total fwids brought forward 219.917 468,636 688,553 740,634 TOTAL FUNDS CARRIED FORWARD 114.337 432.476 546,813 688,553 The notes fomi part of these financial statements Page 12
JIGSAW + Gl TERED NUMBER: 08278978 BALANCE SHE 31Au st 2024 2024 Total 2023 Total fLmds Unrestricied fimd RestTi¢ted fund Notes FIXED ASSETS Tangible assets io 7.098 432.476 439.574 480,465 CURREIYf ASSETS Debtors Cash at bank and in hand 164.070 286.972 164.070 286,972 181,154 420,214 451.042 451,042 601,368 CREDITORS Amounts falling due within one year 12 (317.005) (317.005) (357.416) NET CURRENT ASSETS 134.037 134.037 243,952 TOTAL ASSETS LESS CURRENT LIABILTrtES 141.135 432,476 573,611 724,417 CREDITORS Amounts falling due after more than one year 13 (26.798) (26,798) (35,864) NET ASSETS 114,337 432.476 546.813 688,553 FUNDS Unrestricted fimds Restricted funds 16 114.337 432,476 219.917 468,636 TOTAL FUNDS 546.813 688,553 These financiaI statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies Tegime. The financial statements were approved by the Board of TnleeS and authoris¢d for issue on 12 May 2025 signed on its behalf by: and were Mr G Prothero- Trustee The notes forn] part of these finalleial statments Page13
JIG AW+ CASH FLOW STATEME for the ear ended 31 Au st 2024 2024 2023 Notes Cash floiv$ from operatlng A¢tiTrities Cash generated from operations Interest paid (121,340) (3,041) 133.119 (2,864) Net cash (used inyprovided by operating activities (124.381} 130,255 Cash flows from investing activities Purchase of tangible [ed &ssets Sale of tangible f¢d assets Interest received (7,097) 6,058 1.244 263 Net cash provided by investing activities 205 263 Cash floivs from financing activities Loan rePaents in year (9,066) (9,750) Net cash used in financing activities (9.066) (9,750) Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period (133242) 120,768 420.214 299.446 Cash and ea5h equivaReDts at the end of the reporting period 286.972 420,214 The nofrs forn] part of these financial statements Page 14
JIGSAW + NOTES TO THE CASH FLOW STATEMENT for the ear ended 31 Au st 2024 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATIIYG ACTIVITIES 2024 2023 Net expenditure for the reporting period (a5 per tbe Statement of Financial Actiiities) Adjustments for: Depreciation charges Prnfit on disposal of fixed assets Interest received Interesl paid Decrease in debtors (Decrease)lincrease in creditors (141,740) {52.081) 47,989 (6.058) (1.244) 3,041 17,084 (40,412) 46,630 (263) 2,864 70,148 65,821 Net cash (used in}Iprovided by operations (121.340) 133.119 ANALYSIS OF CHANGES IIY NET FUNDS At 1.9.23 Cash flow At 31.8.24 Net cash Cash at bank and in hand 420.214 (133,242) 286.972 420.214 (133.242) 286,972 Debt Debts falling due within l year Debts falling due after l year (9,000) (35.864) (9,000) (26,798) 9,066 (44,864) 9,066 (35,798) Total 375.350 (124,176) 251,174 The notes forni part of these financial statements Page 15
JIGSAW + NOTES TO THE FINAN for the ear ended 31 Au STATEMENTS st 2024 ACCOUNTING POLICIFS Basis of preparing the financial statements The financial sLitemenls of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordantt with the Clwities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recomrnended Practice applicable to chaTities preparing their accounts in accordonce with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019}', Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of treland, and the Companies Act 21K16. The fmancial statements have been prepared under the historical cost convention. The Trnstees, in their consideration of going concern. have reviewed the charity's futtwe cash flow forecasts and revenue proje70 ,hICh they believe are based on market data and past experience of similar charities. The chaTity is subject to a number of risks and uncertainties. and a risk register has been prepared which sets out the risks and the controls that are in place to mitigate their effert. The Trustees believe that the chatity is adequately p12c¢d to rnanage its risks. After niaking enquiries. and taking into account the above, the TnteeS have fornied a judgemenL at the time of approving the financial statements. that there is a reasonable expectation that the charity h&s adequate resources to continue in operation for the foreseeable ture. For thi5 reason, they have adopted the going concern basis in preparing the financial ststements. Income All incorne is recognised in the Statement of Financial Activities once the charity IS entitlement to the ftmds, it is probable that the income will be received and the amount can be measured reliably. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included &% income when they are sold. Donated facilities are included at the value to the cotnpany where this can be quantified and a third party is bcaring the cost. No amounts are included in the financial statemenls for services donated by voluntttrs. Donated services or Ci11tieS are recogtlksed when the company has control over the item, any conditions associated witb the donat¢d item have been met, the re¢eipt of economic bcnefit frotn the use of the cOpanY of the item is probable and thal economic benefit can be measured reliably. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would bave b¢¢n willing to pay to obtain services or facilities of equivalent economic benefit on the open market. a corresponding amount is then recognis¢d in expenditure in the period of receipt. Income tax recoverable in relation to donatioDS Teceived under Gift Aid or deeds of covenant is recogDised at the time of the donation. OtheT income is recOlSed in the period in which it is receivable and to the extent the gi)o(ts have been provided or on completion of the seTrice. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constrnctive obligation committing the charity to that expenditure. it is probable that a transfer of onoMiC benefits will be rquired in settlement and the amounl of the obLigation can be measured reliably. EXpend1tLe is accounted for on an accruals b&sis and has been classified under headings that aggregate all cost related to the category. Where costs cam)ot be directly attTibuted to particular headings they have been allwated to activities on a basis consislent with the use of resources. Charitable Activities Charitable actiTrities comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those ¢osts of an indirect nature necessary to support them. Page 16 continued...
JIGSAW + OTES TO THE FINAN STATEMENfs- Continued for tbe ear ended 31 Au st 2024 ACCOUNTING POLICIES - continued Governance ¢05ts Govemance costs comprise those costs associated with meeting the constitiOnal and strategic requirements of the charity and the audit fees and costs linked to the strategic management of the charity Allocation and apportionment of costs Overhead and support costs relating to charitsble activities bave been apportioned b&sed on staff lime. Tangible red assets Deprciation is provided at the following annual rates in order to write off each et over its estimated use1 life. Short leasehold FIXr¢s, fitting and office equipment Motor vehicles 5% oncost 33/0 oncost 2(P/o on cost The cost of tangible fixed assets includes expendittwe incurred in bringing the assets into working condition for their intended use. Items of equipment are capitalised where the unit purchase price exceeds £5,IN)O. Taxation The charity is exempt from Corporation tsx on its clwitable activities. Fund accounting Unrestricted funds can be Sed in accordance with the charitable objectives at the discretion of the tNstees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when fiLts are raised for particular restricted purposes. Further explanation of the nature and purpos¢ of each fund is included in the notes to the fmancial statements. LiAbllities and proTrrysions Liabilities are reeognised when there is an obligation at the Balance sheet date &5 a result of a past evenL it is probable that transfer of economic benefit will be required in settlemenL and the amount of the settlement can be estimated lIablY. Liabilities are recognised at the amount that the company anticlpates it will pay to settle the debi or the amount it has re¢eived as advanced payments for the goods or services it must provide. Provisions are measured at the best estiTnate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the presenl value of those amounts. th"scounled at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of th¢ discount is recognised within interest payable and similar charges. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statem¢nt of Financial Activities on a straight line basis over the period of th¢ l¢&ge. PeDslon costs and other post-retirement benefits The charitable company operntes a defined contribution pension scheine. Contributions payable to the charitable CoMpY'S pension scheme are charged io the Statement of Financial Activities in the period to which they relate. Page 17 continued...
JIGSAW + NOTES TO THE FINANCIAL STATEMENTS- e for the ear ended 31 Au St 2024 ntinued INVESTMENT INCOME .2024 2023 Dep051t account interest 1,244 263 INCOME FROM CHAIUTABLE ACllVITIES 2024 2023 Learning and support income 2 396 490 2 237 589 CHAIUTABLE ACTtVlTIES COSTS Support osts (see note 5) Direct Costs Totals Charitable activiti£s 2.456,529 82,945 2,539,474 SUPPORT COSTS Governance costs Finance Totals Charitable activities {6,058) 89.3 82,945 NET INCOMEI(EXPEIWITURE) Net income/(expenditUTe) is stated after charginyJ(cr¢diting): 2024 2023 Audito, remuneration Depreciation - owned assets Other operating leases Surplus on disposal of fixed assets 10,200 47.988 180,132 (6,058) 8,584 46,629 178.303 TRUSTEES, REllfUNERATION AND BENEFrrs There were no Intees. remuneration or other benefits for the year ended 31 AUg5t 2024 nor for the year ended 31 August 2023. Trustees, expenses There were no tntees, expense5 paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. Page 18 contlnued...
JIGSAW + NOTE THE FINANCIAL STATEMENfs - continu for the ear ended 31 Au st 2024 STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 1.768,694 118,592 23,427 1.578.149 109,439 20,239 1.910,713 1,707,827 The averng¢ monthly number of employees during the year w&$ as follows: 2024 2023 Management Athninistrative staff SupEM)rt workers 40 41 46 47 The number of employees whose employee benefits {excludillg employer pension costs) exceeded £60,000 was: 2024 2023 £60,001- £70.000 £90,001- £100,000 COIMPARATIVES FOR THE STATEMEwf OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Charitable activities Charitable activities 2237,589 2.237,589 Inveslment income 263 263 Total 2237.852 2.237.852 EXPENDITURE ON Charitable activities Charilable activities 2,163,683 126,250 2.289,933 NET INCOME1xPEND1TuRE) 74.169 (126.250) (52,081) RECONCILIATION OF FUL%DS Total funds brought forward 145.748 594,886 740.634 Page 19 continued...
IGSAW + NOTES TO THE FINALNCIAL STATEMENfS- continued for the ear ended 31 Au st 2024 COMPARATIVES FOR THE STATEMEKf OF FINANCIAL AcfMTIES- continued Unrestricted fund Restricted fimd Total funds TOTAL FUNDS CARRIED FORWARD 219.917 468,636 688,553 io. TANGIBLE FIXED ASSETS Fixlures, fitting Short 1&15¢hold office equipment Motor vehicles Totals COST At I Sepiember 2023 Additions Disposals 690,042 308.580 7,097 82,255 1,080.877 7.097 (82,255) (82,255) At 31 August 2024 690,042 315,677 1,005,719 DEPRECIATION At I September 2023 Charge for year Eliminated on disposal 221,406 34,800 308,580 1,359 70,426 11.829 (82,255) 600.412 47,988 (82,255) At 31 August 2024 256206 309.939 566,145 NET BOOK VALUE At 31 August 2024 433,836 5.738 439.574 At 31 August 2023 468,636 11,829 480,465 li. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepayn]enls 122,307 41,763 165,182 15,972 164,070 181,154 Page 20 ¢ontinued...
JIGSAW + NOTES TO THE FINAI%CIAL ATEI¥IENf - Continued for the e¥r ended 31 Au st 2024 12. CREDITORS: AMOUNfs FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overthalis (see note 14) Trade CTeditors So¢ial security and other taxes Other creditors Jigsaw Trust loan Accruals and deferred income 9.000 23,989 24,961 15.552 152,189 91.314 9.000 22,853 26,347 14.187 155,606 129.423 317,005 357,416 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loans {see note 14) 26.798 35,864 14. LOANS An analysis of the maturity of loans is given below: 2024 2023 Amounts falling due within one year on demand: Bank loaDS 9.000 9,000 Amounts falling between oThe and two years.. Bank loaJ]s 26,798 35,864 The loan is secured on the assets of the charity and the of The Jigsaw Trust. a related charity. 15. LEASING AGREEMELYrs Minimum lease payments under non•caDcellable operdting leases fall due as follows: 2024 2023 Betw¢en one and five y¢2rs In more than five years 477,500 859,500 477,500 955,000 1,337.0(K) ,432,500 Page21 continued...
JIGSAW + S TO THE FINANCIAL STATEMENTS- contlnue for the vear ended 31 Au st 2024 16. MOVEMENT IN FUNDS Net movement in funds At 31.8.24 At 1.9.23 Unrestricted funds General fund 219.917 (105,580) 114,337 Restricted funds Restricled fund 468.636 (36.160) 432,476 TOTAL FUNDS 688.553 (141,740) 546,813 Net movement in funds. included in the above are as follows: tncoming Resources expended Movernent in fimds Unrestricted funds General fimd 2.397,734 (2.503.314) (105.580} Restrieted funds Restricted fund (36.160) (36.160) TOTAL FUNDS 2,397.734 (2,539,474) {141,740) Comparatives for movement in funds Net movement in fidS At 31.8.23 At 1.9.22 Unrestricted funds General fund 145.748 74,169 219,917 Restricted funds Restricted fund 594,886 (126,250) 468.636 TOTAL FUNDS 740,634 (52,081) 688.553 Page 22 continued...
JIG AW+ NOTES TO THE FINANCIAL STATEMENT - for the vear tllded 31 Au St 2024 ontinued 16. MOVEMENT IN FUNDS - ¢ontinued Comparative net movement in fund% included in the at(Ive are as follows: Incoming resources Resources expended Movement in fijnds Unrestricted funds General fund 2237,852 {2.163.683) 74,169 Restricted funds Restri¢ted fimd (126.250) (126,250) TOTAL FUNDS 2,237,852 {2.289.933) (52.081) 17. EMPLOYEE BENEFIT OBLICATIONS The company opeTates a defined contribution scheme. The assets of the scheme are held separately from those of the company, being invested with an insurance company. Contributions payable by the company to the fund amounted to £22,242 during the year (2023 - £19.22D. There were no prepaid or accrued contributions at 31 Augusi 2024 or 31 August 2023. 18. COIYllNGENT LIABILITIES There were no contingent liabilities at either the beginning or end of the financial year. 19. RELATED PARTY DISCLOSURES At the balance sheet dale, the clwity owed £152,189 (2023 _ £155.606) to The Jigsaw Trus( a sister clwity. 20. FRC ETHICAL STANDARD- PROVISIONS AVAILABLE FOR SMALL ENrrriES In common with many other businesses of our size and nalure we use our auditors to prqiare and submit returns to the tax authorities and assist with the preparntion of the fmancial sthtements. 21. COMPANY LIMITED BY GUARANTEE The guarantee of the members is limit to £1 each. There were five mernbe at 31 AU.1 2024 (31 August 2023.. four}. The liability of the members extends to twelve months after the date of resignation. Page23