J1￿￿ Network CIO Clwrity number 1186409 FiNncial Statenrn For the year ended 31 December 2022 Jigsaw NetT¥ork CIO Coniellts L¢gal atkd ad]ninistrative inforrnaiion Trustees. teport Independent C￿ltier'S report s￿ten)e￿I of fuwKial actlVLties Balance sheet Statement of cash flows Notes io the fina￿la1 statements 8-10 Page I Jl8s*w Iyetwork CIO twl and *dmltttstratlYe knformAtlon Trnltees Dd)rd Blair Neil Blair Neil Schiff Registered Offi¢e 23 W)*eham Road Det*i16 of lDcorptsntlo* The Charity wa8 registered the Clwity Con]n)ission on 18 November 2019 as a Charitable lJKo4)orated Organi3aiion with referellce DumlKr 1186409. It is governed by its Constitution adopted 00 17N0Vem￿2oI9 Bankers Santar¥Jer BallK 164.167 Tottenbam Court RoaQ Lottho WIT 7JE IndepelldtDt Ex4Jnln¢r Claire Wills FCA DChA Saffery Champne&8, 71 Queen Vicloria Str¢¢L IA)ndon EC4V 4BE Pag¢ 2 Jiguw Netsvork CIO TnL8tees' Rew)rt for the period ended 31 December 2022 The Trustees, submit their annual r¢wFrt and financial ststements of Jigsaw Ndwork CIO (the Charity) foT the year endcd 31 D¢ccn)b¢r 2022. Structure, Gov¢rnaD¢e aDd Fin8n¢¢ The Charity was r¢gistered ¢)n 18 November 2019 &s a ¢baritable incorpora*d organisatson. The ffijsiees who served during the year were Debra Blair. Neil Blair aThJ Neil Schiff. None of the tr￿￿te£S has any bcn¢fi¢ial int¢r¢si ¢n th¢ Cljarity. The tnanagement of the Charity is the resporLsil>ility of the trustees who are elLYwl and Co-opted under the iern)s of its constittltion. The number of trnstees shall not be Subject to any maximum bui shall not be less ihan two. The apwintsnent and training of o new truste¢ is 5ubjcct to the oversight of curreni tNstees. Therc are rn) specifi¢ r¢strt¢tioThs IM￿Sed by the 8overnillg document concerning the way ihe Charity Can operate. Charity's Objectives and Af tivitie5 Thc CharAiy was ¢stablished to make grants and supw)rt aciivities and pn)grammes that Tclicvc poverty. advance the education and welfare of children: SUp￿rt cit17Lnship a￿1 community developmeni prgmote the (mder.%tanding of religion and rdcial harnlony. all for the public benefit both in UK and ihe world. The tnL8tees actively search for opportunities to rnake grants. support new and existing projects and consider solicitations mad¢ to th¢m. Grant opporLunitLes are reviewed in periodic tsitstee meetings. Achievements and Perforrnance Dwing the year the Charity conthcted a number of like-miThJed organisations io facilitate grants to 8llPPOrt its Charitable objcctives. In the year the trLLStces awarded 34 grants (2021= 391 of £502,194 12021.. £369.193). The Trusttts aim to offer grants io a broad tange of organisaiions. whose work and oiilput will make a direct and immediaie iTnpact for. supwjrting ihe objcctiV&8 of (he Chortty. Financial Review During ihe year under review the Clwiiy generated income from doTJaiioTL8 of £500,066 (2021: £488,860) and made grants in supwrt of its objectives of £502,194 (2021.. £369.193) and after expenses generated a defi¢1( of £4.408 (2021.. surplus £117.867). Its free reserves at 31 December 2022 were £1 18,575 (2021.. £122,983). Fundralsing The Charity does not engage in large scale fill￿raISing activities like rna￿ mailings, telephone fond-raising or door-to4loor campaigns. The Charity docs llot employ a professional fundraiser nor engage the seryices of any third-party organi5ations to help raise fim&s. To this end. the tnLStees have not considered li necessary to sig up to ally regulatory Gode of fi￿d[al5]ng praciice bui aims ro ensure that fill1d￿sing is done profe&sionally and in accordance with good prdctice. Jigsaw Network has noi re¢¢ived any complaints about any aspect of its lund-raising during 2022. Key Risk5 attd Uneertaltttles The trustees have a&sessed that there are Th) 0￿JOr risks ￿ which the Charity is exposed. and are satisfied that systems are in place to ￿11188￿ exp054tye to poteniial Tisks. A risk assessment is CO￿81dered by the Trnstees once per year. Page 3 Tigs*w L¥etWOTk CIO Trusttts. Rep)rt (continued) Publie Benefit The acknowl￿1ge the duty in Seciion 4 of the Charitics Act 2011 to have due regard to the Charity Commission's published general atml relevant sub-se¢Eor guidance on public benelit. All activiiies undertaken by the Cbarity are for the public bellefii and & Trustees ProC￿S for reviewing grant applicationb for suppon reflect this objective. Plans for the Fut￿re The Tn￿￿e$ plan to ￿ntinue supwTrrtttig a vrfidc range of Organi￿li0￿% ill pursuit of the objects of thc Charity. Reserves Given the oversight of i￿ome and expenditttre the trwees do not consider ir ￿ to have a roscrves policy at the current time. Trnstees. Responsibilities in Relation to the Accounts The Trustees are reskX)nsible for preparing thcTntsiees' Re[￿)rt and the fUW￿la1 statements in ac¢oTdance with applicable law and regulatsons. Charity law requires the Trustees to prepare fmancial siaiements for each firtancial period. Under that law the Tn￿le¢s. have elected to prepare the financial ststements in accordance with United Kingdom Generally Accq)ted Accounting Practice {United Kingdom Sthlldards and appllcable jawl. Undcr Clwity law thE Trustees tnust not approve the fmancial statements unless they arc satisfied thai they give a truc and fair vicw of the state of affairs of the Chan'iy and of the fiT)an¢ial activities of the Charity for that period. In preparing these finaTJcial 5tatementy the T[￿st￿S are requijrd ￿. 5eleGt Suithble a¢coullting FKTrlicies aThl then apply them cottsisrently. rnake judgements and estimates that are re&sonable afKI prndenL follow applicable UK accounting standards and the Staiemcnt of Recommend￿ Practice. subject lo any departt￿eS disclosed and explained in the accounts; PTepare the accounts on the goillg Co[￿eM basis unless li is inappropriate to presume the clJariLy will continue in operdtio The Tn￿le¢S are respO￿51b1t for keeping ad¢wte accoullting reLords that are 5uffLcieni io show and explain the Ctwi'ty's trajwctions anddisclose with reasonable accuracy ai amy time the financial position of the Charity and enabl¢ them to ensure that the financial statements Comply with the CharitieA Act 2011. They are al80 rEsponsible for safeguarding the assets of th¢ Charity and hence for takn.ng reasonable yteps for the prevention aThd detection of fraud and other irregularities. This rqjort been prepared in accordance with the provisions applicable ￿ charities and w&$ approved by the Trustees on I I" 2023 and sIg￿d on their behalf by. N Schiff Trustee Page 4 Jigsaw Network Cio llldepeDdtnt examEner'8 report to the trustees of Jigs•w Network CIO I report to the Trusttts on my examination of the ac¢oullts ofthe Charity for the year ended 31 December 2022. wllicb are sei on pages 5 to 10. Respective Responsibilities of trustees euJmiTrer As thc charity trw*es of th¢ you ate res￿nSible for the preparaii¢)n of th¢ accounts in accordance with the requirements of the ChaTiti¢s Act 2011 {'the Act'}. I rep)rt in respect of my examinatsoo of Tr￿SI,S accounts carried out Under.￿￿10n 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Ch9rity Cornm55sion urlder 5e¢tion 145(5Kb) of the Aci. Basis of independent exxrniner's report My examination was carried out in accordance with the general Directions given by the Charity C(TrMMi￿SiOn. An examination includes a ￿vIeW of the accounting records kept by the chan.ty and a Comparison of the account5 presented wjth those records. It also includes consideration of any unu8ual items or di￿10$ureS in the accounts, at￿ seeking explatLliiOtLS from you as trustees concerning any such maiters. The prwedures undertaken do not provide all the evidcnce that would be required in an audii and conSequ¢￿tIY no opinion is given as to whether the accounts pres¢nt a.tTh￿ and fair view. and the rermjrt is limited to matters set out in the staiement below. Inde￿nd¢ll¢ ¢xamiller's statement Since th¢ Charity's gross illiome exceeded £250.000 your examinu rn￿1 be a metnber of a body listed in section 145 of the 201 l Act. I collfirni that l qualified io undertake the examination because l a member of th¢ Institute of Cbartered Accoulllants in England and Wales, which is one of the listed btyjies. I have cornplcted my examination. I coDfimi that no Ma￿la1 matters hav¢ com¢ to my attention in cojjneclion with the examination giving tne cause to believe that in any malerial r¢5yectr. . accounting records were noi kq)i in respect of rhe TnLS1 &8 required by ￿tiOn 130 of the Act; or 2. the accounts do not accord with those records" or 3. the accounts do not comply with the applicable requArements' concerntng the f¢)rm and content of accounts set out in the Charities {A¢counts and Reports") Regulations 2008 otkn than any requir¢meTht tbat the a¢¢{m￿ts give a .tn￿ and lair view, whith is IKTrt a tDatter cortsidered as part of an ind¢p¢ntht exatDiDatio I have tto concerns and have come across no othcr matters in connection with the examination to which aiientiott should be drawn tn th]5 report in order ￿ enable a proper under5tsndillg of the accounts io be rea¢hed. Claire Wills FCA DCtrts4 Saffery Champne6S, 7l Queen Victotia Street. London EC4V 4BE Date 17 October 2023 Page 5 Jig8*•Y Network CIO StsterneDi of Fllwiciai Activities forth¢ perioA cndcd 31 Dccanbcr 2022 Note 2022 2021 Don￿l0￿S and legACi¢S 51KJ,066 488.860 Tot*1 In¢onblrt8 r￿1￿ceS 500.066 488,860 Exp¢ndltsre: Costs ofroisingfynds." Donor fuThdrdisill8 Costs EVe￿IlUre0￿ charithble o¢tiivtiu." Charitable dortations 502,I94 369.193 Govcrnancc costs. Indwd¢nt examination. Total txpe*dlture 504,474 370,993 Net IDef*it)I iDCO* for the year (4,408} 117,867 Refonclllatton of funds: Total funds brought forward To¢￿ fvlld$ earrl¢d foThArd 118.575 122,983 The Sts1¢m¢t￿ of F]nancia] Activiii¢s T￿lUd¢S ail gains and los￿ rwised in the iThr. All income and expalditure derivts from ¢ontinuin8 acttviti&$ and is ut)Yesth¢t•l The notes on pages 8 to 10 forni ￿ ofthese a¢¢ounts. Page 6 J1￿￿ Network CIO Ch•rity numb¢r 118(A119 Balance She¢t As at 31 December 2022 Note Asat 31 Dec 2022 Asat 31 Dec 2021 Current Assets tkbtors - accruaj for wft aid tax reli¢f Cash at bank and in hatml i(K),( 20 92.750 120,735 124.783 Creditors: AmouThts fallin8 duc within onc ycar- accruals Net eurrent 115575 122,983 Ne¢ assets 118.575 122.983 Futsds Unrestrictal fund 118 575 Total 118.575 122,983 The accourtL8 wtte approved on l ? 2023 al￿ sigmj on behalf of the board. N SchitT Th¢ notes on pages 8 to 10 forni part of these acwjnts. Pa8¢ 7 Jl8saw Nttwork ao St*tement of C￿h FIov4S *t 31 DeCeM￿r 2022 2022 2021 Cash flo￿ froln oper•thi8 *¢tividu: Net (¢xpenditure)l incoming r¢sources (InCreaSe}Idecre￿ in deb￿r8 (4,408) (7250> 117,867 (92.750) Incre&seJ{defftas¢} in credito Ne¢ ¢4sh {consumed} I provlded by operathig acth4tles {11298) 25,117 C&8h and cash quivalents at beginniD8 of the yrar Tot*l ¢#8h ¢*sh tquiv*l¢Dts at th¢ ¢Dd •f the y¢•r 20.735 32,033 A0#￿15 ofchweB In net debt At 31 D¢eetnb¢r 2021 C&4hllows AtDe¢ember 2022 Casb at bank 32.033 {11298) 20,735 Page 8 Jigsaw NetWOTk CIO Notes to the Accounts- 31 D￿mber 2022 Accounting Polieles B￿1$ of Aeeountlng The financial statements have been prepar￿( under the historical CO￿ convention and in accordance with tbe sta￿ment of Re¢Ollllnct￿ed Prdciice, Accounting and Rep)rting by Charitie$ {SORP, second edition), and applicable UK accounting stsndards. The Charity constitute8 a public ttnefii entity as def]ned by FRS 102. The Tn￿lee5 ¢oL8ider that there are w nmerial uncertainties about the Charity's ability to contillue gs a going cuncern alld have reasonabl¢ expeciations the Chan"iy has acce￿ ￿ adequate resourtES to contiThue its activities for ihe for&￿able funwe. Accordingly. tbey have adopted tl* going concern basis of accoullting ill preparing the annual financial sthtrments. Assets and liabilities are iniually recognised at Iu"5Iorical cost or t[W￿ction value unless otherwise stated in the relevant aL¢ounting ￿lItY noies. The p[l￿waI accounting po]ici¢s adopted in the preparation of the financial statements are as follows". Fund 4C¢QWlting G¢llerdl fun(Ls are ut]restricied ￿rtdS. whicb are available for use at the dI￿retIon of th¢ Trwslees in furtherance of the general objectives of the Cbarity wbich have not b¢¢n d¢signa*d for other pUr￿se￿. Expenditure All cxw￿lture is accountcd for oll an accruals basis aTMI has been c]&ss"ified under headings aggregate all costs related to exh catcgory of expense shown itL the Statement of Financial A¢tiviti¢& Charitable activiiies includc expenditure a&wciated with grant ￿￿kIng in furtherdnce of the thaTitable objects. Grant payments are reco8ni5ed as expenditure when the conditions for their paym¢nt have been met or where there is coll5tructiv¢ obligation to make a payment. Governance costs include those ¢05ts as5(Kiated with mtttill8 the COnBtitutiotwl and slalutory requirements" of the charity and ttlclude the indepelkn exatnination ftts and costs linked w the strategic management of the ¢harity. lllcome DollatiODS alt ￿CoW1t¢d lor when the Charirybecom entitled to the th￿￿10n3￿d anyconditions forreceipt ar¢ tnet ar￿ th¢ amount is capable of meaSu￿￿ent. Liability R¢¢ognldon Liabilities are reCO￿lSed as soon as a l¢gal or ¢0￿8t[￿tive obligation ¢ommi¢ling the charity the expenditsjre. Taxatio The Charity is a register¢d chariiy and is ooi liabk to United Kingdom income t&K or cOr￿ration tax on itg activities. Page 9 Jig5*w Netvmrk CIO Notrs to the Aecounts- 31 Dttenkn 2022 Aecoutttl*g Polleles eODtinued g. Fin*nelal Instruments The Cbarity o]]ly h&. financial a&%eL8 and financial liabililieb of a kxnd thai qualify as basic financial instrum￿15. Basic fU￿ncial iTL8trumenrs are initially ffcowsed 841 transaction value and subsequendy n￿Sured at tbeir settlement value with the exception of bank loans swhich are subsequen¢ly measured at amot1ised cos( usill8 the effecti￿ int¢r¢5t Meth(￿ The clwiiy does not have any bank loans. Key Judgements And E5timate5 In the applicaiion of the charity's accounring poli¢tes. ￿l¢kn are descniKd in note l. Ttwiees are required to make judgemenw estilnates and &<8umptions about the carying values of &*qeL$ and liabilities thai are not readdy apparent from other gource5. The esrimates and underlying a&sumptioTh8 are ba*d on historical experience and other factor% that are considered to be relevanL Actual results may differ from ihese esiijnates. The estimates and underlying awmptioJLS are reviewed on an on-going basis. Revisions to accounting esiimatrs are recognibed in the period in which the estimate is revised if the revision affec18 only Ihat period or in the peri(Ml of the revision and future periods if the Tevision affects the current and ￿nIre perithls. St*tement of Funds l Jan 2022 Income ExpenditurE 31 Dec 2022 Uttrestrlrted Fundi General Fund £122,983 £51M).066 £504.474 £118,575 UtThcred fimds represent available to the trustecs for the general PUfEKlW of the charity. Analysis of staff eosty trnstee remuneration and expenses DuTing the year ￿ stsff were en4)loyol and no Trkn rxeiv¢d any r¢mun¢rntiQD, b¢oefits in kind or reimbursen)ertt of expenses. There have been no Telated party tran￿tiOnS in th¢ year other than those disclosed in note 6. Charitable donatloD$ During the course of the year to 31 Decetth 2022 the Tr￿stee5 atoroved 34 grants totslling £502,194. supporting a range of cbaritable a¢tivities io meet th¢ objectiVQ4 of the Charity. Th¢ rccipi¢Thts of the largest grants, ConSti￿ting of the of grants were: Grant rnade to: attt •mouttt £s Jewish Futur&8 TnLqt Brothers for Life JW3 Jewish Care Grief Encounter 210,(M)O 101,075 75,￿0 17.500 15.(X)O 10,500 10,(K)O British Friends of Unitcd Hatr2lah Campaign Against Antisemitism The Atlas Foundation Sub￿tal 26 other grants paid in the year each of less than £7500 Totsl for the year 448,075 £502.194 Page 10 Jlguw Network ao Notes to the A¢coul￿- 31 Decem￿ 2022 Related party traDsactiODS of trustees During the ye4r. Neil Blair. n￿de donations to the Cb8rity of £41M),(KM) (2021 £371.0Th)). DuTing the year the Charlty m&le 8rallL4 ￿ J¢wish FutUTes TDtyL 4 ¢harity of which Neil S¢hiff 18 a tT￿￿tee. of £210.1MKJ (2021 £216,(MK)) During the ycar the Cbarity grdnt ¢0 str￿￿1￿US UL of £5.IM) (2021 £uil). a chaTity of which Neil Blair is a trustee.