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2021-12-31-accounts

Charity number: 1192402

Jigsaw Charity

Trustees' Report and Financial Statements

For the period ended 31 December 2021

Jigsaw Charity

Contents

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 10
Independent auditors' report on the financial statements 11 - 14
Statement of financial activities 15
Balance sheet 16
Statement of cash flows 17
Notes to the financial statements 18 - 30

Jigsaw Charity

Reference and Administrative Details of the Charity, its Trustees and Advisers For the period ended 31 December 2021

Trustees I Ahmed, Chair (appointed 23 September 2020)
S Q Ali (appointed 19 January 2022)
I Hussain (appointed 23 September 2020)
I Majid (appointed 23 September 2020)
A Khan (appointed 23 September 2020)
Charity registered
number
1192402
Principal office
Dallas House
Bordesley Green Road
Birmingham
B9 4TR
Independent auditors
Dains Audit Limited
15 Colmore Row
Birmingham
B3 2BH
Bankers
Barclays Bank Plc
22 St Peters St
Derby
DE1 1SH

Page 1

Trustees' Report For the period ended 31 December 2021

Jigsaw Charity

The Trustees present their annual report together with the audited financial statements of the Charity for the period 18 November 2020 to 31 December 2021.

Message from the Trustees

As you all are aware, 2021 was a year of many difficulties, a year in which many of us were also personally affected in one way or another. COVID-19 triggered a global crisis like no other – a global health crisis that, in addition to an enormous human death toll, also lead to the deepest global recession since the Second World War. And with even the western world feeling the effects of the recession, overnight, life became even more difficult for those already living below the poverty line around the world.

So, as you can imagine, forming a new charity in the midst of a global recession was not going to be an easy task!

The COVID-19 crisis radically reshaped the way of working for many charities. Around half of all small charities had to adapt or reduce the way their services were delivered, with many charities being unable to continue delivering services due the implementation challenges caused by COVID-19.

However, at Jigsaw, we were able to deal with these challenges head on, mainly due to our volunteer run model, and with your generous support we were able to raise over one million pounds in what was our first year of operations. As many of our volunteers were on the furlough scheme from their day jobs, under the government guidelines furloughed workers were still able to volunteer their time and we took maximum advantage of this and implemented projects around the world in a safe manner, whilst also building up a strong network of partners to help us implement our projects.

Over the last 12 months, with the support of our volunteers, donors, and partners, we were able to assist beneficiaries in Syria, Lebanon, Pakistan, Yemen, and Palestine. We were able to save lives and give hope to communities around the world through the provision of food assistance, livelihood projects, orphan support, NFI (non-food items), medical aid, and the launch of our flagship Jigsaw Village project.

Finally, on behalf of the Board of Trustees, we would like to thank all the pieces of Jigsaw that helped us to go above and beyond our expectations for 2021 and we look forward to your ongoing support in 2022 in which our focus will be on long term sustainable projects based on the famous quote “Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime”.

Objectives and activities

a. Policies and objectives

The Charity is operated under the rules of its constitution. The objects of the Charitable Incorporated Organisation (CIO) are:

(1) The prevention or relief of poverty, hunger or hardship anywhere in the world by providing grants, items and services to individuals in need and/or charities or other organisations working to prevent or relieve poverty;

(2) The relief of financial need and suffering amongst victims of natural, or other kinds of disasters or situations, in the form of money or other means deemed suitable for persons, bodies, organisations and/or countries affected, including the provision of medical aid, housing, counselling, education, infrastructure, livelihood support and frameworks, with a particular focus on donor and beneficiary transparency.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Page 2

Trustees' Report (continued) For the period ended 31 December 2021

Jigsaw Charity

Objectives and activities (continued)

b. Strategies for achieving objectives

About Us

Jigsaw is an independent non-profit organisation founded by a team of professionals and activists seeking to make a positive impact and contribution to the lives of those less fortunate.

Core Values

Trust

We earn your trust through effective delivery of projects and thorough, transparent reporting. We’re a volunteerrun organisation and therefore there are no financial gains to be made. We have an open book policy where we are happy to share all reports and information for anyone to review.

Compassion

Every volunteer dedicates time and effort to develop projects to help alleviate the hardships of others. The underlying drive to volunteer is due to the care and compassion felt for those less fortunate. The care and compassion translate to kindness, empathy, respect and dignity towards all those we serve.

Sincerity

We are motivated to volunteer and work with sincerity to those we seek to serve, ensuring that all of our projects are delivered to a standard of excellence that we would accept for ourselves. Also, to ensure that everything we do is hallmarked with sincerity and excellence.

Vision

To become a beacon of light and hope, inspiring others around the world to come together, as volunteers, to create a better world, piece by piece.

c. Activities undertaken to achieve objectives

Mission

To work together, as volunteers, to deliver life-saving and life-changing solutions to those who are facing struggle and hardship as result of war, poverty, disease and disaster.

The Trustees, management team and network of core volunteers bring a wealth of experience having worked voluntarily in the sector for almost a decade and raised millions of pounds for a variety of great causes. Jigsaw is completely volunteer-managed and run, which means we have no paid staff whatsoever! We want to show the world that we can create a meaningful impact on the poor and destitute from a place of compassion and care, as volunteers. We seek to create a better world, piece by piece, where each and every volunteer, donor, advocate and supporter works hand in hand to complete the jigsaw and create significant and positive change.

Page 3

Jigsaw Charity

Trustees' Report (continued) For the period ended 31 December 2021

Objectives and activities (continued)

d. Grant-making policies

The Trustees apply the funds of the Charity at their discretion and in accordance with the charitable purposes and objectives of the Charity.

The Trustees have appointed a sub-group Grant Making Advisory Group to consider the distribution of beneficial grants on its behalf and to make recommendations in accordance with the charitable purposes and objectives. Any decision whether to award a grant remains solely the responsibility of the trustees.

Priorities for support

The amount of work or number of projects that can be supported by the Trustees is necessarily limited to the amount of funds that are available for distribution each year.

The Trustees have determined that the current priorities for funding are:

The priorities for support will be reviewed by the Trustees every year and may be changed depending upon circumstances and the perceived effectiveness of the application of funds. Any change to these priorities must still fulfil the charitable purpose and objectives of the charity.

Principles applied in determining support

In awarding grants, the trustees will apply the following principles.

The Trustees will consider any requests or known situations that are eligible for consideration:

Each request or situation will be considered on its own merits. Where situations have been previously considered (whether successful or not) any due diligence undertaken to reach an earlier decision will be made available to the trustees.

The Trustees will carry out sufficient due diligence to ensure that the request or situation meets both the charitable purposes, and the priorities for support set out in its policy.

The Trustees are content to work in partnership with other grant making bodies where funding of an entire project is beyond the scope of any single organisation. This includes, but is not limited to, national and international relief operations in the wake of natural disasters, wars, those fleeing war or natural disaster or those fleeing other persecution or other disasters.

e. Volunteers

The Charity is wholly run by volunteers and recognises volunteers as an integral part of the charity. Their contribution supports the Charity's mission and strategic aims. The Charity aims to encourage and support volunteer involvement to ensure that volunteering benefits the Charity, its partners, and the volunteers themselves.

Page 4

Trustees' Report (continued) For the period ended 31 December 2021

Jigsaw Charity

Objectives and activities (continued)

Achievements and performance

a. Review of activities

Our key focus areas of work in 2021

WASH (Water, Sanitation and Hygiene)

Water is an essential element for all living beings on earth. Globally, one in four people lack safe drinking water and an estimated 50 percent of the world’s population does not have access to basic handwashing facilities. Jigsaw is working to help communities to not only gain access to clean water, but to also protect families who can spend as much as six hours a day fetching water, many times having to go alone. All our water interventions are strategically located within walking distances to ensure our beneficiaries can collect the water in a safe manner.

*UNICEF July 2021

Water Interventions in 2021

Food Security

Access to quality, nutritious food is fundamental to human existence. Secure access to food can produce wide ranging positive impacts to those living below the poverty line around the world. Millions of people across the globe live in deep poverty and struggle to feed their families. Many do not know where their next meal is coming from.

This lack of regular meals has a knock-on effect on other aspects of life, impacting health and energy levels. Many are unable to work, while children struggle to concentrate in school, pushing families further into poverty.

During 2021, we distributed food parcels in times of emergency, such as during the Beirut explosion, and ran longer-term projects to help tackle the root causes of hunger. Food parcels were distributed in Lebanon to Syrians, Palestinians, and the Lebanese host community. In addition to that, we distributed food in the form of food parcels and nutritious hot meals in Pakistan, Syria, and Palestine.

Livelihood Projects

In 2021 we carried out a number of interventions to help support beneficiaries become more independent, by earning for themselves in a dignified manner. These projects included:

Page 5

Trustees' Report (continued) For the period ended 31 December 2021

Jigsaw Charity

Achievements and performance (continued)

Medical Projects

One of our key medical projects was to support the running costs of a COVID 19-ICU in a hospital in Ain AlHilweh Refugee camp in Lebanon. This provided much needed support to a community that was struggling to deal with the COVID-19 Crisis due to the economic situation in Lebanon.

Through our Gift of Sight campaign, we were able to take a team of volunteer Optometrists to Lebanon to carry out eye tests and provide glasses to 1200 Palestinians, Syrians, and Lebanese beneficiaries in need. This was a successful project that we hope to continue running at regular intervals.

Winter Aid Projects

In what was one of the harshest winters seen in Lebanon & Pakistan, we were able to carry out a number of deployments in which lifesaving winter aid was distributed in some of the most remote areas of Lebanon & Pakistan. This included:

Shelter

2021 was the launch of our ambitious Jigsaw Village project. A village made of 500 secure homes for displaced Syrians located in the safe zone near the Turkish border in Idlib, Northern Syria. A safe haven for Syrians who have fled their homes and witnessed unimaginable horrors. As 80% of those displaced are women and children, we chose to prioritise sheltering widows with children and families with disabled individuals. This is a project that we will continue to work on during 2022 with the addition of a school also.

The Board of Trustees are committed to ensure our income is used effectively, efficiently and responsibly.

Our income for the period ending 2021 was £1,087,097. This much more than what our expectations were for year one of operations, but at the same time, showed the trust that the general public have in the work we carry out. We are extremely grateful to our donors and team of volunteers for helping us to raise this amount as well as having the confidence and trust in our ability to deliver the projects.

All of our funds were raised from the general public support from local businesses. Funds were raised through various online marketing campaigns, networking with high-net-worth donors, and through volunteer deployment programmes

b. Policies

To ensure we maintain the highest standards expected by our stakeholders, as well as by regulators in the countries we operate in, we implement stringent policies to ensure we meet or exceed expected standards. Each policy is formulated to ensure we are always in compliance with our governing document, and there are no areas of oversight. Furthermore, all policies are frequently reviewed to ensure they reflect the current operating environment. Our policies focus on fore-mostly reducing financial risks to a minimum, by implementing effective monitoring and reporting at every level of the organisation. We also ensure the safeguarding of our volunteers and beneficiaries is paramount, with clear guides and a code of conduct expected from every member of our organisation. We also encourage feedback from all volunteers, requesting they are vigilant in helping to identify any potential risks, and ensure the reporting of these issues is transparent and easily accessible to all. Finally, for volunteers with management roles, we ensure they adhere to the volunteer management policy, where the expected principles and practices of Jigsaw members are clearly defined.

Page 6

Trustees' Report (continued) For the period ended 31 December 2021

Jigsaw Charity

Achievements and performance (continued)

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they 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 policies.

b. Reserves policy

The balance held as unrestricted funds at 31 December 2021 was £82,065, of which £75,281 are regarded as free reserves, after allowing for the desingation of tangible fixed asset funds.

The Trustees aim to build and maintain a level of reserves that is needed to bridge the gap between the spending and receiving of income and to cover unplanned emergencies or crisis in the future which the Chairty may support.

The level of reserves will be reviewed annually to ensure alignment with the risks the Charity faces.

c. Principal risks and uncertainties

Jigsaw operates in potentially high-risk regions where emergency aid is required, such as conflict regions, natural disasters, high poverty areas, as well as in close proximity to vulnerable individuals. Furthermore, the entire organisation is operated by volunteers, therefore the level of accountability must be carefully managed, and any risks mitigated. In a rapidly changing world, we regularly review risk levels and scrutinise our mitigation procedures to ensure we are able to adapt to any changes effectively and promptly. We are particularly attentive to financial risks, and ensure we work closely with the banking sector to mitigate any money laundering and terrorism risks, as well as reviewing sanction publications from various governments each month.

Structure, governance and management

a. Constitution

Jigsaw Charity is a registered charity, number 1192402, and is constituted under a Trust deed dated 18 November 2022 and amedned on 28 February 2022.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Apart from the first Charity Trustees, every trustee must be appointed for a term of two years by a resolution passed at a properly convened meeting of the Charity Trustees. In selecting individuals for appointment as Charity Trustees, the Charity Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the Charity.

Page 7

Jigsaw Charity

Trustees' Report (continued) For the period ended 31 December 2021

Structure, governance and management (continued)

c. Organisational structure and decision-making policies

Ultimate control of the Charity is vested in the Trustees, who give their time, experience and expertise for free.

The Charity Trustees shall manage the affairs of the Charity and may for that purpose exercise all the powers of the Chairty. It is the duty of each Charity Trustee:

Any decision may be taken either:

d. Policies adopted for the induction and training of Trustees

The charity trustees will make available to each new charity trustee, on or before his or her first appointment:

New Trustees undergo a briefing on their legal obligations under Charity law, the content of the memorandum and articles of association, the management and decision making processes, the business plan and recent financial performance of the Charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Page 8

Trustees' Report (continued) For the period ended 31 December 2021

Jigsaw Charity

Structure, governance and management (continued)

e. Pay policy for key management personnel

Although the legal structure of the Chairty allows it to employ and remunerate such staff as are necessary for carrying out the work of the Chairty, this constitution prohibits the capability for the Chairty to employ and remunerate staff, as it is counter to the Chairty ethos of an entirely volunteer run organisation. The capability to employ and remunerate staff may be reinstated in future by a 100% trustee and member vote, if deemed essential to carrying out the core objectives, where it would otherwise become detrimental to the Chairty operating otherwise to meet its objectives.

f. Financial risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Plans for future periods

For 2022, we aim to continue and improve on existing projects but with more emphasis on long term sustainable projects. Also, we will be looking to build new partnerships to strengthen our position in the countries we work in by increasing our database of partners to give us more coverage in those countries. We are also developing technical solutions to increase transparency between donors and beneficiaries with our mobile app expected to launch towards the end of 2022.

Members' liability

The Members of the Charity guarantee to contribute an amount not exceeding £1 to the assets of the Charity in the event of winding up.

Page 9

Jigsaw Charity

Trustees' Report (continued) For the period ended 31 December 2021

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

Auditors

The auditors, Dains Audit Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees on 4 October 2022 and signed on their behalf by:

_________ I Ahmed Chair

Page 10

Jigsaw Charity

Independent Auditors' Report to the Members of Jigsaw Charity

Opinion

We have audited the financial statements of Jigsaw Charity (the 'charity') for the period ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 11

Jigsaw Charity

Independent Auditors' Report to the Members of Jigsaw Charity (continued)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Page 12

Jigsaw Charity

Independent Auditors' Report to the Members of Jigsaw Charity (continued)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the Charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

Page 13

Jigsaw Charity

Independent Auditors' Report to the Members of Jigsaw Charity (continued)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.

Dains Audit Limited

Statutory Auditor Chartered Accountants Birmingham 4 October 2022

Dains Audit Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 14

Jigsaw Charity

Statement of financial activities For the period ended 31 December 2021

Note
Income from:
Donations and legacies
3
Total income
Expenditure on:
Raising funds
4
Charitable activities
6
Total expenditure
Net movement in funds
Reconciliation of funds:
Net movement in funds
Total funds carried forward		 Unrestricted
funds
Period ended
31 December
2021
£
172,864
172,864
15,430
75,369
90,799
82,065
82,065
82,065		 Restricted
funds
Period ended
31 December
2021
£
914,233
914,233
11,621
799,626
811,247
102,986
102,986
102,986		 Total
funds
Period ended
31 December
2021
£
1,087,097
1,087,097
27,051
874,995
902,046
185,051
185,051
185,051

The Statement of Financial Activities includes all gains and losses recognised in the period.

The notes on pages 18 to 30 form part of these financial statements.

Page 15

Jigsaw Charity Registered number: CE023894

Balance Sheet As at 31 December 2021

Note
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one year
12
Net current assets
Total assets less current liabilities, being net assets
Charity funds
Restricted funds
13
Unrestricted funds
13
Total funds		 2021
£
14,739
175,382
190,121
(11,854)		 2021
£
6,784
6,784
178,267
185,051
102,986
82,065
185,051

The financial statements were approved and authorised for issue by the Trustees on 04 October 2022 and signed on their behalf by:

_________

I Ahmed

Chair

The notes on pages 18 to 30 form part of these financial statements.

Page 16

Jigsaw Charity

Statement of Cash Flows For the period ended 31 December 2021

Note
Cash flows from operating activities
Net cash used in operating activities
16
Change in cash and cash equivalents in the period
Cash and cash equivalents at the end of the period
17		 Period
ended
31
December
2021
£
175,382
175,382
175,382

The notes on pages 18 to 30 form part of these financial statements

Page 17

Jigsaw Charity

Notes to the Financial Statements For the period ended 31 December 2021

1. General information

Jigsaw Charity is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission in England and Wales under the number 1192402. The principal office address is given in the reference and administrative details section and the principal objectives of the Charity are set out in the Trustees' Report.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

These are the first financial statements of the Charity that conform to the Charities SORP (FRS 102). The financial statements are presented for a period of 14 months commencing from the date that the CIO was registered, which was 18 November 2020.

The financial statements are presented in the Charity's functional currency of GBP (Sterling). They are prepared to the nearest £.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Jigsaw Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The following principal accounting policies have been applied:

2.2 Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the CIO has adequate resources to continue in operational existence for the foreseeable future. The Trustees have also prepared cash flow forecasts, which demonstrate that the CIO continues to be able to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Page 18

Jigsaw Charity

Notes to the Financial Statements For the period ended 31 December 2021

2. Accounting policies (continued)

2.3 Income (continued)

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 as income when they are sold.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the CIO which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Grants payable are charged in the period when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the period end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.5 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 19

Jigsaw Charity

Notes to the Financial Statements For the period ended 31 December 2021

2. Accounting policies (continued)

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives are as follows:

Fixtures and fittings - 5 years

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.10 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Page 20

Jigsaw Charity

Notes to the Financial Statements For the period ended 31 December 2021

2. Accounting policies (continued)

2.11 Fund accounting (continued)

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Unrestricted Restricted Total
funds funds funds
Period Period Period
ended ended ended
31 31 31
December December December
2021 2021 2021
£ £ £
Donations 172,864 914,233 1,087,097

4. Expenditure on raising funds

Costs of raising voluntary income

Unrestricted
funds
Period
ended
31
December
2021
£
Direct fundraising costs
3,320
Advertising and marketing
12,110
15,430		 Restricted
funds
Period
ended
31
December
2021
£
11,621
-
11,621		 Total
funds
Period
ended
31
December
2021
£
14,941
12,110
27,051

Page 21

Jigsaw Charity

Notes to the Financial Statements For the period ended 31 December 2021

5. Analysis of grants

Grants to Total
Institutions funds
Period Period
ended ended
31 31
December December
2021 2021
£ £
Prevention or relief of poverty 840,583 840,583

The Group has made the following material grants to institutions during the year:

Name of institution
ISWA
Deniz Feneri Association
Human Call Association Daleel Madani
Ghirass
MEHD Foundation
Sindh Development Organisation (SDO)
Other grants to institutions		 2021
£
294,805
115,379
60,267
80,073
39,224
239,728
829,476
11,107
840,583

Page 22

Jigsaw Charity

Notes to the Financial Statements For the period ended 31 December 2021

6. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted Restricted
funds funds Total
Period Period Period
ended ended ended
31 31 31
December December December
2021 2021 2021
£ £ £
Prevention or relief of poverty 75,369 799,626 874,995

7. Analysis of expenditure by activities

Prevention or relief of poverty
Analysis of direct costs
Travel and subsistence		 Activities
undertaken
directly
Period
ended
31
December
2021
£
454		 Grant
funding of
activities
Period
ended
31
December
2021
£
840,583		 Support
costs
Period
ended
31
December
2021
£
33,958		 Total
funds
Period
ended
31
December
2021
£
874,995
Total
funds
Period
ended
31
December
2021
£
454

Page 23

Jigsaw Charity

Notes to the Financial Statements For the period ended 31 December 2021

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Depreciation
Computer equipment
Website costs
Telephone and internet
Software subscriptions and licences
Repairs and maintenance
Rent (donated services)
Printing, postage and stationery
Utilities
Subscriptions
Bank charges
Legal and professional fees
Cleaning and waste disposal
Sundry costs
Insurance
8.
Auditors' remuneration
Fees payable to the CIO's auditor for the audit of the CIO's annual financial statements		 Total
funds
Period
ended
31
December
2021
£
395
1,005
166
497
841
2,313
12,000
1,215
3,914
8
645
9,300
1,445
57
157
33,958
Period
ended
31
December
2021
£
9,300

Page 24

Jigsaw Charity

Notes to the Financial Statements For the period ended 31 December 2021

9. Trustees' remuneration and expenses

The Charity has no employees and to this extent, there are no employees who received employee benefits (excluding employer pension costs) of more than £60,000. During the period, no Trustees received any remuneration or other benefits.

During the period ended 31 December 2021, no Trustee expenses have been incurred.

10. Tangible fixed assets

Cost
Additions
At 31 December 2021
Depreciation
Charge for the period
At 31 December 2021
Net book value
At 31 December 2021
11.
Debtors
Prepayments and accrued income
12.
Creditors: Amounts falling due within one year
Trade creditors
Accruals and deferred income		 Fixtures and
fittings
£
7,179
7,179
395
395
6,784
2021
£
14,739
14,739
2021
£
2,554
9,300
11,854

Page 25

Jigsaw Charity

Notes to the Financial Statements For the period ended 31 December 2021

13. Statement of funds

Unrestricted funds
Designated funds
Tangible fixed assets
General funds
General Funds
Total Unrestricted funds
Restricted funds
Bee Honey Project
Bread
Yemen
Burma
Fidyah
Food
Water Pump Appeal
Winter - Lebanon
Funeral UK
Medical Aid
Orphans
Pakistan
Palestine
Ramadan Food
Rickshaws Pakistan
Self Reliance Scheme
Sewing Machines
Sudan
Syria
Zakat
Wheelchairs
Total of funds		 Income
£
-
172,864
172,864
7,315
322
1,517
60
550
71,512
139,487
52,507
3,035
61,658
12,212
56,954
3,951
337,510
5,100
6,026
6,083
84
110,449
31,938
5,963
914,233
1,087,097		 Expenditure
£
(395)
(90,404)
(90,799)
(7,315)
(5)
(1,517)
(1)
(550)
(22,577)
(127,464)
(59,548)
(3,035)
(61,642)
(11,708)
(51,079)
(3,464)
(337,510)
(5,100)
(5,849)
(6,083)
(1)
(85,237)
(15,599)
(5,963)
(811,247)
(902,046)		 Transfers
in/out
£
Balance at 31
December 2021
£
7,179
6,784
(7,179)
75,281
-
82,065
-
-
-
317
-
-
-
59
-
-
-
48,935
-
12,023
-
(7,041)
-
-
-
16
-
504
-
5,875
-
487
-
-
-
-
-
177
-
-
-
83
-
25,212
-
16,339
-
-
-
102,986
-
185,051

Page 26

Jigsaw Charity

Notes to the Financial Statements For the period ended 31 December 2021

13. Statement of funds (continued)

Tangible fixed assets

This designated funds represents the capital element of the fixed assets

Bee Honey Project

This restricted fund is part of the Entreprenuership project designed to enable those living in poverty setup a honeybee farming business. The donations support the purchase of a hive and associated equipment so that families can produce and sell honey.

Bread

This restricted fund provides funds to purchase bread being a basic necessity to feed thousands of people.

Project Yemen

This project provides support to those affected by the humanitarian crisis in Yemen. The donations support the provision of life saving food packs as well as medical and financial assistance.

Burma

Project to construct water pumps, wells and solar plants.

Fidyah

Religious donations made in Islam when a fast is missed or broken to feed those in need.

Food

This project seeks to put food on the table of those families in need around the world and achieving food security.

Water Pump Appeal

This project seeks to provide access to safe and clean drinking water through strategically placed water interventions such as water pumps and plants in villages.

Winter - Lebanon

This project seeks to provide vital winter aid to refugees and displaced families in Lebanon to keep them warm through the colder months.

Funeral - UK

The Burial fund is designed to help struggling families in the UK with funeral costs and arrangements to help ease the burden and relive some of the pressure.

Medical Aid

The fund seeks to provide medical, healthcare and disability support. Support is in various forms such as wheelchairs to provide mobility, hospital support, eye surgery and other cases. Donations help with the purchase of various disability movement aids. The aid is currently distributed in Sindh, Pakistan.

Orphans

The project provides financial support and assistance to orphans. For example, the provision of winter clothing, hygiene packs and educations kits to enable children to overcome adversity and set them on a path to betterment.

Pakistan

The project seeks to address one of the biggest challenges in the country, being access to potable water. Assistance is also provided in the form of livelihood projects, orphan support, medical, and financial assistance. Donations support the purchase of sewing machines, winter aid kits and the installation of solar water plants.

Page 27

Jigsaw Charity

Notes to the Financial Statements For the period ended 31 December 2021

13. Statement of funds (continued)

Palestine

The project seeks to provide relief solutions (food security) to families in Palestine, in the form of food parcels.

Ramadan Food

The project looks to hand deliver food parcels to refugees unable to enjoy the month of Ramadan. In particular, the delivery of life saving food parcels to Syrian and Palestinian families living in poverty in refugee camps in Lebanon.

Rickshaws - Pakistan

The project looks to raise donations to fund the purchase of Rickshaws in Pakistan, to provide a source of income generation for needy families. Rickshaws can be utilised for different enterprises including pick and drop services, food trucks or modified to use as vans for fruit-sellers.

Self Reliance Scheme

The project focuses around providing social support to communities in rural, semi-urban and urban areas by encouraging them to ascertain their own needs. Programmes include special education for children, support for children going to school to cover the cost of uniform and fees, provision of safe drinking water facilities and sanitation at community level, promoting agricultural practices, organising training workshops for livelihood improvement and strengthening local communties through networking.

Sewing Machines

Project seeks to encourage entrepreneurship and livelihoods by providing sewing machines to help empower vulnerable women in Sindh by providing them with a sustainable source of income for a family of around £80 to £100 per month.

Sudan

The project seeks to provide relief solutions (food security, winter aid and debt relief) to families in Sudan.

Project Syria and Jigsaw Village

The project seeks to provide food security, winter aid, and debt relief to families in Syria through the provision of food parcels, bread, blankets and funds to pay family rent for a year.

A key part of the Syria project is the Jigsaw Village. The aim of the project is to build a village in Syria, consisting of 400 secure homes for displaced Syrians (Syrian refugee families) located in the safe zone near the Turkish Border. The village is designed to be a safe haven for refugees, women and children to survive the winter. The estimated cost of building a house in the village is £1,000, made of two rooms, kitchen and bathroom with water.

Zakat

Zakat is a form of obligatory charity that has the potential to ease the suffering of millions. Zakat is distributed according to the 8 Islamic principles. Donations are used to fund one or more projects including livelihood support (small business start ups such as small grocery shops and phone repair shops for as little as £400, mobile food carts costing £1,250 and honey bee farming costing £130), clean water (installation of solar water plants costing £1,800, installation of large hand pump costing £280, and installation of small hand pump costing £120), orphan support and food parcels.

Wheelchairs

Donations to support the purchase of wheelchairs (disability movement aid) bringing the joy of mobility and independence to disabled, sick and elderly people. Wheelchairs are currently being distributed in Sindh, Pakistan.

Page 28

Jigsaw Charity

Notes to the Financial Statements For the period ended 31 December 2021

14. Summary of funds

Summary of funds - current period

Designated funds
General funds
Restricted funds		 Income
£
-
172,864
914,233
1,087,097		 Expenditure
£
(395)
(90,404)
(811,247)
(902,046)		 Transfers
in/out
£
7,179
(7,179)
-
-		 Balance at
31
December
2021
£
6,784
75,281
102,986
185,051

15. Analysis of net assets between funds Analysis of net assets between funds - current period

Unrestricted
funds
2021
£
Tangible fixed assets
6,784
Current assets
87,135
Creditors due within one year
(11,854)
Total
82,065		 Restricted
funds
2021
£
-
102,986
-
102,986		 Total
funds
2021
£
6,784
190,121
(11,854)
185,051

16. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the period (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Increase in debtors
Increase in creditors
Net cash provided by operating activities		 Period
ended
2021
£
185,051
(6,784)
(14,739)
11,854
175,382

Page 29

Jigsaw Charity

Notes to the Financial Statements For the period ended 31 December 2021

17. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 2021
£
175,382
175,382

18. Analysis of changes in net debt

Cash at bank and in hand Cash flows
£
175,382
175,382		 At 31
December
2021
£
175,382
175,382

19. Related party transactions

The Charity has not entered into any related party transaction during the period, nor are there any outstanding balances owing between related parties and the Charity at 31 December 2021.

Page 30