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2022-03-31-accounts

James' Place Charity

(A Company Limited by Guarantee)

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Trustees’ Report and Financial Statements For the year ending 31[st] March, 2022

Registered Number: 06423497 Charity Number: 1121891 Registered Address: 20 Bunhill Road, London EC1Y 8LP

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James' Place Charity

(A Company Limited by Guarantee)

Contents

Page
Reference and Administrative Details 3
Chair's Statement 4
Trustees' Report 5 - 14
Trustees' Responsibilities Statement 15
Independent Auditor's Report on the Financial Statements 16
Statement of Financial Activities (incorporating the income and expenditure account) 20
Balance Sheet 21
Statement of Cash Flows 23
Notes to the Financial Statements 24 - 39

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James' Place Charity
(A Company Limited by Guarantee)
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Reference and Administrative Details
For the Year Ended 31 March 2022
Trustees Clare Milford Haven
Nicholas Wentworth-Stanley
HarryWentworth-Stanley
Dr Victor Chua
Prof. Tamar J Thompson OBE
Peter Flynn
Stephen Aspinall(appointed 1stMarch 2022)
Company registered
number 06423497
Charity registered
number 1121891
Registered office 20 Bunhill Row
London
EC1Y 8LP
Management Team Chief Executive Officer Ellen O'Donoghue
Head of Development & Amy Swart
Communications
Clinical Lead & Liverpool Jane Boland
Head
London Head Dan Bracken
Head of Finance Ian Chivers
Independent auditor Mitchell Charlesworth (Audit) Limited
5 Temple Square
Temple Street
Liverpool
L2 5RH
Bankers C Hoare & Co
37 Fleet Street
London
EC4P 4DQ
Investment Manager James Hambro & Partners LLP
Solicitors Withers LLP
16 Old Bailey
London
EC4M 7EG

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James' Place Charity

(A Company Limited by Guarantee)

Annual report 2021/22: Trustees’ report Statement From Our Chair

For the Year Ended 31 March 2022

This year marked 15 years since we lost my son, James. He was 21 years old at the time and, after a minor operation, suffered briefly from anxiety and depression and became suicidal. James couldn’t find the help he needed and ended his own life a few days later.

From then on, to honour James’ legacy and to help save the lives of men in suicidal crisis, I knew I had to do something. For these men, finding help should be straightforward and the intervention needs to be intensive, therapeutic, and be offered in a comfortable and safe environment. This is what we offer at James’ Place so that men who walk through our doors feel valued, respected, and know there is hope for their future.

This year, from April 2021 to March 2022, has presented James’ Place with the challenges of continuing to be there for men in suicidal crisis as the country began to emerge from COVID-19. Our fantastic team, old and new, devote themselves so passionately to our mission and have helped us to not only maintain our service during lockdown, but also to extend it into London, initially temporarily, and then support the move to our permanent residence in Bunhill Row. To our clinical lead Jane Boland, our therapists Clare Chambers, Claire LaRoc, Steve Moore and Ziva Bobek, our centre manager Katya Clifford and Joely Fielding, our receptionist at our Liverpool centre, to Dan Bracken, Zorana Halpin, Cassius Campbell, Rob Kent and Anja Murphy – our clinical staff in London, as well as outreach manager Dan Morgan and centre manager, Rosie Barrett, I cannot thank you enough. Your dedication to our vital work over this time has been invaluable. Sincere thanks also to our Trustees, James’ father Nick and brother Harry, for their unwavering support and to Peter Flynn, Victor Chua and Tamar Thompson. We also extend warm welcome to Steve Aspinall, our newest Trustee.

In 2018, His Royal Highness The Duke of Cambridge officially opened James' Place in Liverpool and this year we were delighted to welcome The Duke to our new London centre, where some of the men who have received treatment, Derek and Duncan, were able to speak about their experience and the vital importance of our work.

Derek and Jane showed His Royal Highness how we use ‘Lay your cards on the table’ to help men explore what they’re thinking, feeling and doing. As he unveiled a plaque, His Royal Highness noted our life-saving work, saying: “The one takeaway for me is the idea that there is a solution ... I think men sometimes get so lost in the detail, they forget the bigger picture and being able to have that bit of support that can move them forward and there is hope and a brighter future. I think you’re going to give a lot of men the support they need and the brighter future.”

The Duke was right. Since our doors opened in 2018, we have seen 1,050 men in suicidal crisis and our trained, professional therapists have delivered over 6,000 sessions to men whose lives are in danger. Between April 2021 and March 2022, 750 men were referred to our services. Now more than ever, we are committed to supporting men in suicidal crisis during increasingly challenging times and in more areas of the UK where our service is most needed.

Clare Milford Haven Chair of Trustees and Founder of James' Place Date: 14 December, 2022

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James' Place Charity

(A Company Limited by Guarantee)

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Trustees report

For the Year Ended 31 March 2022

The trustees present their annual report together with the audited financial statements of the Charity for the year 1 April 2021 to 31 March 2022. The Annual Report serves the purposes of both a trustees' report and a directors' report under company law. The trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP 2nd Edition) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

1. Our work

1.1 About James' Place

Our mission is to stop men dying by suicide.

James' Place was set up in memory of James Wentworth-Stanley, a 21-year-old man who was studying at Newcastle University. James had no history of mental illness and died by suicide after a short suicidal crisis.

James sought help but did not find the support he needed. James' family suffered an insurmountable loss and have since worked tirelessly to create and offer a service which sees men in an immediate suicidal crisis, just like James.

Our first centre opened in Liverpool in 2018, and has so far received 1,300 referrals. We have also been operational in London, where we have received seen over 130 men in suicidal crisis. We offer a unique therapeutic intervention which is designed to treat men in suicidal crisis. It takes them through a structured programme with a trained, professional therapist, exploring how they have reached crisis, how they can get through it, and how to ensure it doesn't happen again.

Our innovative James' Place model (Boland, Milford Haven 2018) is evidence informed and incorporates a person-centred approach, rapid access to care and treatment in our calm and therapeutic environment. All aspects of the model are evaluated by our academic partners at the Liverpool John Moores University.

Our Year 1 Evaluation demonstrated that our service delivers safe and effective care. Our Year 2 evaluation (published in November 2021) further demonstrated this, and showed the effectiveness of our intervention even when delivered during a global pandemic.

James' Place opened an online London service in July 2020 as we continued to adapt to the ever-changing demands and challenges faced during COVID-19. The service was delivered in person in London for the first time in April 2021. A permanent James' Place located on Bunhill Row, near Old Street, Moorgate and the City of London officially opened in May 2022.

1.2. Our model

The James' Place model consists of five components: environment, suicide prevention therapists, partnerships/ referral pathways, rapid access to the service and the 'Lay your cards on the Table' intervention (see Figure 1).

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James' Place Charity

(A Company Limited by Guarantee)

Figure 1: James' Place model (Boland, Milford Haven 2018)

1.3 Case study

Reece – Former user of James’ Place

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James' Place Charity

(A Company Limited by Guarantee)

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Reece, an 18-year-old student, came to James' Place via his university counselling team after becoming suicidal.

Reece displayed an extremely low mood and openly stated he had no vision of a future for himself. His GP encouraged Reece to try James’ Place in the hope it could provide the help and outlet he needed. When he arrived for a welcome assessment, Reece was seen by a therapist who completed a CORE Outcome Measurement evaluation prior to offering the intervention in full. It was clear there was a risk of immediate harm to Reece from himself.

Reece fully completed the intervention and was able to remove immediate risk of both physically and mental harm while implementing steps to a more hopeful future. He continues to use his experience at James’ Place and the coping strategies learnt for when he’s feeling low.

Reece describes it was James’ Place care which stood out the most: “It’s weird someone cared about the root of the issue. It’s one thing caring about you to keep you alive, whereas it’s another trying find out and stop what was wanting to make me die.”

1.4 Reflections from one of our therapists

Zorana Halpin – Senior Suicide Prevention Therapist

“When people ask me why I do this job, I think about the joy of making a connection with someone who has lost hope. Today I spent a minute or two with a man in our small but perfectly formed terrace area. In a session, a man talked about a piece of art on the wall. As a therapist, I’m here to walk side by side men as they find reasons to live.

Having worked in a psychiatric hospital and in a rehabilitation centre, I know first-hand that environment impacts mental health. We’re here for men in suicidal crisis, and the calm, inviting setting is the James’ Place way of telling each man that they matter. We’re in the middle of London, yet it’s peaceful. Somewhere to take time out away from the outside world. It’s also what makes James’ Place truly lifesaving. The calm and connection will ensure men in suicidal crisis arrive here and keep coming back at such a critical time.”

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(A Company Limited by Guarantee)

James' Place Charity

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2. Our values and objectives

2.1 Values

2.2 Our aims

3. Our key achievements in 2021-22

3.1 Continuing our Liverpool service during the COVID-19

James’ Place was agile in its approach to maintaining our vital service in Liverpool during the pandemic and initially delivered our intervention remotely and then resumed face-to-face sessions as soon as it was possible. We have a small number of very committed staff who helped ensure we sustained our operations as restrictions and guidelines evolved over the course of 2021 and into early 2022.

3.2 Launching our London service

Our London service began online in mid-2020 and was delivered in London in person for the first time in April 2021 at our temporary centre in Clerkenwell. We opened our permanent centre in Bunhill Row in May 2022. So far, we have had 250 referrals in London and facilitated over 1,000 sessions for men in suicidal crisis. We have also been steadily growing our partner and referral contact network.

3.3 Working with men in suicidal crisis

Despite needing to adapt and adjust our service delivery as restrictions eased and as we expanded into London, we continued to be there for an increasing number of men at both of our locations. We received 500 referrals in Liverpool and 220 in London during the period this report covers.

3.4 Building on the evidence base

Our second evaluation, published in November 2021, highlighted the effectiveness of the James’ Place model in saving men’s lives before and during the pandemic and how the environment component of the service was adapted. Despite the challenges that arose due to the evolving restrictions, the report stated that James’ Place had continued to offer an “excellent service to men in suicidal crisis” and recommended that we continue to use and replicate the intervention in future centres.

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(A Company Limited by Guarantee)

______________ _ James' Place Charity

4. Fundraising

4.1 Fundraising and partnership highlights

At James’ Place we rely on voluntary donations and grants to continue delivering our life-saving work and 2021/2022 has been an exciting and successful year for our fundraising.

Our supporters have been an inspiration to all with their creative approaches to fundraising. Over the year, they helped us raise an incredible £1,187,281. We are delighted to showcase some of them here:

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(A Company Limited by Guarantee)

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4.2 Thank you list

We are grateful to everyone who has supported James’ Place over the last year, from grant funders, partner organisations, businesses, community groups, individuals and everyone else. Every penny raised has enabled us to treat men in suicidal crisis in Liverpool and London and has set us on our path to expand to three further locations over the next few years. We could not have done it without your generosity.

Liverpool Charity Wide
Department of Health and Social Care Suicide Prevention The Oil Brokerage
Fund Jojo Bradley Interiors Ltd
Andy’s Smile Oliver Hughes
Gary Williams and team Rahul Moodgal
Lennan Aspinall Rufus Bestermann and Anna Boglione
Merseyrail and The Branchline Society John Sambridge
Pilkington Charities’ Trust Simon, Caitlin, Otis & Finn Callaghan
Postcode Lottery Neighbourhood Trust The Syncona Foundation
The Rank Foundation The Bergne-Coupland Charity
Rathbones Brothers Charitable Foundation Sophie Traube
The Hemby Trust Max Hobhouse
The Quarter Tom Cattell
London Tresidor Investment Management
Ardonagh Community Trust, the charitable arm of
Ardonagh Insurance
Coco Joelle Foundation
Fishmongers' Company
Henry Lakin and his supporters
St Sepulchre United Charities
The Underwood Trust

5. Looking ahead to 2023 and beyond

This has been a challenging and productive year for us and we are very proud to be able to say that since we opened in Liverpool in 2018 we have seen and given hope to more than 1,000 men. This is testament to the unique and vital service we offer and to our incredible team, who continue to deliver our work in often very challenging circumstances.

This has been a year of consolidation at our Liverpool centre as the COVID-19 pandemic played out. Now in its fourth year of operation, the centre continues to help men in Liverpool, Merseyside and beyond, and is continuing to build and develop local partnerships to help men find us when they need us most.

During lockdown we decided to speed up rather than slow down our plans to open a second centre in London. We started with a remote service for a short time, before opening in a temporary space in Clerkenwell, where we worked for a year, treating men in crisis, training our team and building referral partnerships. We were delighted to be able to move into our new, permanent home in Bunhill Row in May 2022.

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(A Company Limited by Guarantee)

James' Place Charity

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The team in London are working hard to establish referral pathways in London, which are key to ensuring that men in suicidal crisis reach us quickly. The way men access our services varies in different cities and areas, which is why the team has been putting greater focus and resources on our outreach activities.

An important part of this has been the Student Outreach Programme, which is a new way of working for us. We are partnering with three universities to build awareness of our services among their students, with an emphasis on the student population.

We also work closely with our evaluation partners to understand what drives men to the point of suicidal crisis, and how to support people who have reached that point. This all ensures that we can deliver our lifesaving service across North and East London, Liverpool and beyond. Evaluation has always been a core part of our work and our year two evaluation continued to evidence positive outcomes for men accessing our services with an indication that men were coming into us with higher levels of distress and leaving with greater improvements –our outcome measures indicating an average change of fifty points from severe to mild symptoms.

We have ambitious plans to launch James’ Place in three more areas in the UK over the coming years. We have been fortunate to receive some valuable pro bono support from PricewaterhouseCoopers (PwC) to assist with identifying the areas with most need. Our ambition is that with three centres open, no man who needs us should be more than two hours from a James' Place.

James’ Place is a clinical service for men at risk of dying from suicide and the doors of our centres need to be open for enough time to help them find hope and to save their lives. We need to ensure we are able to reach as many men as possible, across the UK, and maintain the sustainability of all of our centres. To make this a reality, we need to raise £10 million, and this is a significant challenge. We are confident that with continued and expanded strong support from our donors, as well as our head of fundraising, Amy Swart, we will be able to achieve this.

I can only amplify what Clare has already said about our wonderful team. You have been outstanding and working with you, achieving all that we have so far, for men in suicidal crisis, has been an inspiring and rewarding experience.

Ellen O’Donoghue CEO

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______________ _ James' Place Charity

(A Company Limited by Guarantee)

6. Financial Review

Total income for the year at £1,179,506 was £118,012 less than 2021 (2021: £1,297,518) but £558,049 more than 2020. Net funds increased by £207,335 (2021: £555,517). Over 97% of 2022 income was received from donations and fundraising. The charity benefited from a number of substantial donations and fundraising events during the year amounting to £1,170,802:

£283,968 £122,000 £100,000 £664,834

__ Total £1,170,802

The Charity had total funds of £2.52 million at year-end (2021: £2.31m), of which £0.46m was restricted (2021: £0.63m), £2.06m unrestricted (2021: £1.67m) of which £1.89m was designated to support the completion of the London centre and ongoing operations, the planned set up and initial operations of the third James’ Place Centre and the fixed assets reserve. General reserves amounted to £0.17m (2021: £0.25m).

6.1. Going concern

The Trustees approved a £10 million fundraising appeal in March 2022, consistent with the five year business plan established in 2019 which set out plans to open four new centres over the period. This plan remains in place and reflects plans for three further centres, in addition to Liverpool and London. The Charity held restricted and unrestricted reserves of £2.52m at the year end to support ongoing operations and planned expansion. Although designated reserves exceed unrestricted reserves, the Charity has well developed fundraising plans to raise monies required for the third centre and critical review processes and controls to ensure commitments to further centres will not be made unless sufficient reserves are available. These processes and controls will ensure that existing and future operational plans remain viable and that the Charity will be able to continue to deliver its charitable objectives for the foreseeable future. Accordingly, the Charity will continue to adopt the going concern basis in preparing this annual report and financial statements.

6.2. Investment policy

In July 2022, the Charity added a further £400,000 of its reserves to its investment portfolio managed by James Hambro and Partners LLP to bring the total invested to £1,200,000. The portfolio covers a wide range of global investments including equities, fixed income and some commodities. The objective of the fund is to preserve the value of donations received and a small return within the restrictions of prudent risk management. As at the year end the investment portfolio was value at £1,227,287.

6.3. Reserves policy

The Trustees have reviewed the need for reserves in line with the guidance issued by the Charity Commission. The restricted and unrestricted reserves have been generated from income donated in the year and prior years, and the Trustees have a general policy to maintain reserves at a level which safeguards the organisation against the difficulties of operating the organisation. The Board is aware of the legal duty to apply charitable funds within a reasonable time of receiving them and does not keep funds in excess of requirements.

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(A Company Limited by Guarantee)

James' Place Charity

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During the year £0.57m of the restricted reserves for the London Centre were utilised and £0.34m further London Centre restricted funds were raised. The designated fund for the set up and initial operations of the London Centre was reduced accordingly to £0.82m (2021: £1.16m). In recognition of the Charity's plans to commit to a third centre before the end of the 2022/23 financial year, a designated reserve of £0.50m was established to initiate the establishment of reserves for this new centre (total costs for centre set up and 3 year operations estimated at £2.00m).

The Trustees consider that the remaining £1.22m (£0.40 restricted and £0.82m designated) for the London Centre set-up and initial operations and the £0.50m (designated) for the third centre are appropriate.

6.4. Principal risks and uncertainties

Key risks to James’ Place have been identified in a risk register, with appropriate mitigation, and this is reviewed regularly by Trustees.

Key risks

Risk Mitigation
Expansion in charity activities and centres leads
to funding gaps		 The Charity has a comprehensive business and
financial plan which includes a detailed
fundraising appeal. These plans and the reserve
policy provide sufficient flexibility to adapt
activities to different financial scenarios while
protectingthe core ongoingoperations
Significant damage to reputation of James’
Place care model and operations arising from
adverse client outcomes – real or perceived.		 The charity invests in an independent and
ongoing evaluation of the services it provides.
This together with rigorous training and close
supervision and support are designed to ensure
the ongoing integrity and where appropriate
development of our services.
Overly conservative approach to expansion
delays delivery of new centres and beneficial
impact on clients		 Trustees and the Executive team closely review
progress, learning from experience, and flex the
implementation of plans as required to
optimise the openingof new centres
Relatively small team leaves charity exposed to
staff turnover and sustained absences		 Trustees maintain close contact with staff and
regularly review working conditions and staff
welfare to provide a motivating and supportive
working environment. Inevitably there is some
residual level of risks to loss of key staff but an
open dialogue helps anticipate and plan for
changes.

6.5. Financial controls and policies

Financial controls are effected through a combination of robust procedures and controls and an internal finance team with strong financial expertise. This team was strengthened in July 2022 with the recruitment of an Accountant in addition to the Head of Finance. Policies and procedures are in place to ensure there is appropriate segregation of duties to prevent fraud and adequate review to ensure the integrity of financial reporting

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James' Place Charity

(A Company Limited by Guarantee)

7. Structure, governance and management

7.1. Constitution

James' Place Charity is registered as a Charitable Company limited by guarantee and was set up by a Trust deed. The James Wentworth-Stanley Memorial Fund was created in December 2007. In October 2018 the Charity changed its name to James’ Place Charity, to be known as James’ Place. The objects of the Charity are set out in the Memorandum and Articles of Association. Its primary charitable purpose is to reduce suicide in the UK, as well as the stigma around men’s mental health. The charity aims to achieve this by raising awareness of anxiety, depression and suicide amongst young people and by delivering a unique and effective suicide prevention service through James’ Place(s), in order to tackle the statistic that suicide is the largest cause of death amongst young men in the United Kingdom.

7.2. 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.

7.3. Policies adopted for the induction and training of Trustees

The composition of the Trustee board is reviewed on an annual basis, along with any training needs. New Trustees are offered an induction and training package appropriate to their experience.

7.4. Pay policy for key management personnel

A review of pay policy was approved by Trustees in January 2020. From this point, an annual pay review has been adopted to ensure equity and fairness.

Statement of disclosure to our auditors

In so far as the Trustees are aware at the time of approving our Trustees’ annual report:

Auditor

Mitchell Charlesworth (Audit) Limited has been appointed as auditor to the charitable company for the ensuing year.

Nicholas Wentworth-Stanley Trustee

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(A Company Limited by Guarantee)

Statement of Trustees' responsibilities For the Year Ended 31 March 2022

The Trustees (who are also the directors of the Charity for the purposes of company law) 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).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they 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: select suitable accounting policies and then apply them consistently; observe the methods and principles of the Charities SORP (FRS 102); make judgements and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

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 Companies Act 2006. 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.

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James' Place Charity

(A Company Limited by Guarantee)

Independent Auditor's report to the members of James' Place Charity

Opinion

We have audited the financial statements of James' Place Charity (the 'charity') for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, 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).

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 Auditor's 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 UK, including the FRC'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.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's 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.

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James' Place Charity

(A Company Limited by Guarantee)

Independent Auditor's report to the members of James' Place Charity (continued)

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they 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 charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

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 auditor's 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.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

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James' Place Charity

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Independent Auditor's report to the members of James' Place Charity (continued)

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following:

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas:

(i) The presentation of the charity's Statement of Financial Activities, (ii) the charity's accounting policy for revenue recognition (iii) the overstatement of salary and other costs. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and the Statement of Recommended Practice - 'Accounting and Reporting by Charities' issued by the joint SORP making body .

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the charity's ability to operate or to avoid a material penalty.

Audit response to risks identified

As a result of performing the above, we identified the presentation of the charity's Statement of Financial Activities, revenue recognition and overstatement of wages and other costs as the key audit matters related to the potential risk of fraud. The key audit matters section of our report explains the matters in more detail and also describes the specific procedures we performed in response to those key audit matters.

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James' Place Charity

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Independent Auditor's report to the members of James' Place Charity (continued)

In addition to the above, our procedures to respond to risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

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

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Louise Casey (Senior Statutory Auditor) For and on behalf of Mitchell Charlesworth (Audit) Limited

Accountants Statutory Auditor

3rd Floor 5 Temple Square Temple Street Liverpool Merseyside L2 5RH

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(A Company Limited by Guarantee)

James' Place Charity

Statement of Financial Activities (incorporating income and expenditure account) For the Year Ended 31st March 2022

Note
Income from:
Donations and legacies
4
Investments
5
Total Income
Expenditure on:
Raising funds
6
Charitable activities
7 & 8 & 9
Total expenditure
Net gains on investments
14
Net movement in funds
Transfer between funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
17		 Unrestricted
Funds
2022
£
203,828
8,704
212,532
99,370
102,992
202,362
7,775
17,945
362,413
1,674,907
2,055,265		 Restricted
Funds
2022
£
966,974
966,974
-
777,584
777,584
-
189,390
(362,413)
633,950
460,927		 Total
Total
Funds
Funds
2022
2021
As Restated
£
£
1,170,802
1,295,343
8,704
2,175
1,179,506
1,297,518
99,370
82,116
880,576
668,518
979,946
750,634
7,775
8,633
207,335
555,517
-
2,308,857
1,753,340
2,516,192
2,308,857

The 2021 results have been restated to reflect the recategorisation of £691,450 income from unrestricted to restricted funds. These funds were donated for the new London Centre.

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

The notes on pages 24 to 39 form part of these financial statements.

20

(A Company Limited by Guarantee)

James' Place Charity

Statement of Financial Activities (incorporating income and expenditure account) For the Year Ended 31st March 2021

Note
Income from:
Donations and legacies
4
Investments
5
Total Income
Expenditure on:
Raising funds
6
Charitable activities
7 & 8 & 9
Total expenditure
Net gains on investments
14
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
17		 Unrestricted
Funds
As Restated
2021
£
603,893
2,175
606,068
82,116
611,018
693,134
8,633
(78,433)
1,753,340
1,674,907		 Restricted
Funds
As Restated
2021
£
691,450
-
691,450
57,500
57,500
-
633,950
-
633,950		 Total
Total
Funds
Funds
As Restated
2021
2020
£
£
1,295,343
621,457
2,175
-
1,297,518
621,457
82,116
21,433
668,518
553,345
750,634
574,778
8,633
-
555,517
46,679
1,753,340
1,706,661
2,308,857
1,753,340

The March 2021 results have been restated to reflect the recategorisation of £691,450 income from unrestricted to restricted funds. These funds were donated for the new London Centre.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

21

James' Place Charity

(A Company Limited by Guarantee)

Statement of Financial Position As at 31st March 2022

2022 2021
As Restated
Note £ £
Fixed assets
Tangible assets 13 574,586 261,956
Investments 14 1,227,287 810,808
1,801,873 1,072,764
Current assets
Debtors 15 57,748 15,010
Cash at bank and in hand 731,152 1,266,789
788,900 1,281,799
Creditors: amounts falling due
within one year 16 (74,581) (45,706)
Net current assets 714,319 1,236,093
Total net assets 2,516,192 2,308,857
Charity funds:
Restricted funds 17 460,927 633,950
Unrestricted funds
Designated funds 17 1,894,715 1,420,506
General Funds 17 160,550 254,401
Total unrestricted funds 2,055,265 1,674,907
Total funds 17 2,516,192 2,308,857

The balances as at 31 March 2021 results have been restated to reflect the recategorisation of £691,450 income from unrestricted to restricted funds. These funds were donated for the new London Centre.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorized for issue by the Trustees on 14 December, 2022 and signed on their behalf by:

Clare Milford Haven

The notes on pages 24 to 39 form part of these financial statements.

22

James' Place Charity

(A Company Limited by Guarantee)

Statement of Cash Flows For the Year Ended 31st March 2022

Note
Cash flows from operating activities
19
Net cash used in operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Proceeds from sale of tangible assets
Purchase of tangible fixed assets
Proceeds from sale of investments
Purchase of investments
Movement of cash held investments
Realised losses on investments
Net cash used in investing activities
Change in cash and cash equivalents during the year
21
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
20		 2022
2021
£
£
226,776
611,027
8,704
2,175
-
19,697
(362,413)
(3,739)
45,676
35,716
(400,000)
(787,065)
(62,155)
(47,356)
7,775
(3,470)
(762,413)
(784,042)
(535,637)
(173,015)
1,266,789
1,439,804
731,152
1,266,789

As the charity holds no debt the charity has not prepared a net debt statement.

The notes on pages 24 to 39 form part of these financial statements.

23

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2022

1. General information

James' Place Charity is a company limited by guarantee, registered in England and Wales under the Companies Act 2006. The charity constitutes a public benefit entity as defined by FRS 102. The Charitable Company does not have share capital and each of the Trustees is liable to contribute an amount not exceeding £1 towards the assets of the Charity in the event of liquidation. The registered address of the Charity is given on the Reference and Administrative Details page.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP 2nd Edition (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

All amounts are presented in pounds sterling and are rounded to the nearest pound.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Charity's accounting policies (see note 3).

The following principle accounting policies have been applied:

2.2 Going concern

After making appropriate enquiries and reviewing the charity's financial projections in detail,

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.

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 the Income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the Charity before the Charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that these conditions will be fulfilled in the reporting period.

24

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2022

2. Accounting policies (continued)

2.4 Income (continued) .

Grants receivable

Grants are recognised when the Charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Investment income

Investment income is recognised in the period to which it relates.

2.5 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. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

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 and non-charitable trading.

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 year 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 year end are noted as a commitment, but not accrued as expenditure.

2.6 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.

25

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2022

2. Accounting policies (continued)

2.7 Tangible fixed assets and depreciation

Tangible fixed assets costing £5,000 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.

Depreciation is provided on the following basis:

Leasehold property 10% Fixtures and fittings 15% Computer equipment 33%

2.8 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Statement of Financial Position date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gains/(Losses) on investments' in the Statement of Financial Activities.

2.9 Debtors

Other debtors are recognised at the settlement amount after any trade discount offered.

2.10 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.

2.11 Creditors

Liabilities are recognised when there is an obligation at the Statement of Financial Position 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.

26

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2022

2. Accounting policies {continued}

2.12 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, and investments, which are measured at fair value with movements through the Statement of Financial Activities.

2.13 Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term.

2.14 Pensions

The Charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Charity pays fixed contributions into a separate entity. Once the contributions have been paid the Charity has no further payment obligations.

The contributions are recognised as an expense in the Statement of Financial Activities when they fall due. Amounts not paid are shown in other creditors as a liability in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

2.15 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.

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.

3. Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The Trustees do not consider there to have been any significant areas of estimates or judgements involved in the preparation of these financial statements.

27

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31st March 2022

4. Income from donations and legacies

Donations
Department of Health & Social Care
Coco Joelle Foundation
The Syncona Foundation
Donor wishes to remain anonymous
Lola and Serena Bute Eternity events
The October Club
Other appeals and donations
Donations
The Syncona Foundation
Donor wishes to remain anonymous
Lola and Serena Bute Eternity events
The October Club
Other appeals and donations		 Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
2022
2022
2022
2021
-
283,968
283,968
-
-
122,000
122,000
-
-
100,000
100,000
100,000
-
-
-
100,000
-
-
-
92,000
-
-
-
691,450
203,828
461,006
664,834
311,893
203,828
966,974
1,170,802
1,295,343
Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
Restated
Restated
Restated
2021
2021
2021
2020
100,000
100,000
100,000
100,000
-
100,000
-
92,000
-
92,000
-
-
691,450
691,450
-
311,893
311,893
521,457
603,893
691,450
1,295,343
621,457

The 2021 results have been restated to reflect the recategorisation of £691,450 income from unrestricted to restricted funds. These funds were donated for the new London Centre.

5. Investment Income

Investment Income
Unrestricted Total Total
Funds Funds Funds
2022 2022 2021
Dividend Income on investment portfolio 8,704 8,704 2,175

28

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31st March 2022

6. Expenditure on raising funds

Expenditure on raising funds
Unrestricted
Restricted		 Total Total
Funds Funds Funds Funds
2022 2022 2022 2021*
£ £ £ £
Costs of raising voluntary income 4,773 - 4,773 82,116
Wages and salaries 94,597 - 94,597
Total 99,370 - 99,370 82,116

7. Analysis of expenditure on charitable activities

Summary by fund type

Summary by fund type
Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022 2022 2022 2021
£ £ £ £
Service delivery 102,992 777,584 880,576 668,518
Total 2021 611,018 57,500 668,518

8. Analysis of expenditure by activity

Service setup and delivery
Total 2021		 Activities
Undertaken
Support
Total
Directly
Costs
Funds
2022
2022
2022
£
£
£
653,694
226,882
880,576
566,759
101,759
668,518

29

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31st March 2022

  1. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Depreciation
Rent
Insurance
Staff training
Staff recruitment
Computer, software and maintenance costs
IT Development
Travel
Repairs and maintenance
Marketing
Office Expenses
Subscriptions
Telephone and internet
Consultancy
Academic evaluation
Legal fees
Other direct		 Total
Total
Activities
Funds
Funds
2022
2022
2021
£
£
£
399,283
399,283
360,572
49,323
49,323
40,081
49,915
49,915
20,090
5,725
5,725
4,195
3,052
3,052
6,002
2,890
2,890
4,135
39,635
39,635
24,624
26,400
26,400
-
3,459
3,459
1,002
15,858
15,858
8,760
17,932
17,932
-
5,218
5,218
13,255
-
-
6,626
-
-
1,379
-
-
68,970
25,000
25,000
-
922
922
-
9,082
9,082
7,068
653,694
653,694
566,759

Note

All direct costs for Liverpool and London covered by restricted income or restricted funds

30

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31st March 2022

9. Analysis of support costs

Staff costs
Depreciation
Rent
Insurance
Staff training
Staff recruitment
Computer, software and maintenance costs
IT Development
Travel
Repairs and maintenance
Marketing
Office Expenses
Subscriptions
Telephone and internet
Consultancy
Academic evaluation
Accountancy & Audit
Legal fees
Other direct		 Total
Total
Activities
Funds
Funds
2022
2022
2021
£
£
£
138,298
138,298
63,323
460
460
-
21,641
21,641
-
1,199
1,199
-
7,200
7,200
-
12,919
12,919
-
6,340
6,340
4,047
-
-
-
4,448
4,448
228
787
787
-
1,000
1,000
3,030
1,069
1,069
-
82
82
-
-
-
-
8,696
8,696
982
-
-
-
14,512
14,512
28,207
2,557
2,557
-
5,674
5,674
1,942
226,882
226,882
101,759

31

James' Place Charity (A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31st March 2022

**10. ** Auditors remuneration
2022 2021
£ £
Fees payable to the Charity's auditors for the audit of the 5,400 4,500
Charity's annual accounts
**11. ** Staff costs
2022 2021
£ £
Wages and salaries 549,617 377,451
Social security costs 52,617 36,756
Employer contribution to defined contribution pension scheme 27,702 9,688
629,936 423,895
The average number of persons employed by the Charity during the year was as follows:
2022 2021
No. No.
Employees 19 13
The number of employees whose benefits (excluding employer pension costs) exceeded £60,000 was:
2022 2021
No. No.
In the band £60,001 to £70,000 1 1
In the band £70,001 to £80,000
 - 1
In the band £80,001 to £90,000 1 -

The total employee benefits of the key management personnel of the Charity were £155,466 (2021 £140,801)

12. Trustee remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2021: £NIL).

During the year ended 31st March 2022, a total of £791 was reimbursed to Trustees (2021:NIL) in relation to general expenses incurred on the Charity's behalf.

32

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31st March 2022

13.
Tangible fixed assets
Cost or Valuation
At 1 April 2021
Additions
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 London
Leasehold
Fixtures &
IT
Centre WIP
Property
Fittings
Equipment
Total
£
£
£
£
257,681
122,941
9,084
389,706
325,557
36,856
362,413
325,557
257,681
159,797
9,084
752,119
71,247
52,025
4,478
127,750
26,736
18,441
4,606
49,783
-
97,983
70,466
9,084
177,533
325,557
159,698
89,331
-
574,586
-
186,434
70,916
4,606
261,956

Notes:

During the year the Trustees agreed to change the threshold for capitalisation of IT equiment to £5,000 or greater. As a result the remaining balance on IT Equipment was fully written down.

At 31 March 2022, work on the refurbishment of the new London Centre was ongoing with £325,557 of the estimated full cost of £550,000 expended. Depreciation will be commenced when the works are fully completed and the Centre occupied.

33

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31st March 2022

14. Listed investments

Market Value as at 1st April 2021
Additions
Disposals
Interest paid on purchase of Bonds
Realised losses
Unrealised Gains
Market value at 31 March 2022
Listed Investments in the UK
Cash
Market value at 31 March 2022
Material Investments
Fixed Interest
UK Equities
North Americam Equities
European Equities
Asia Pacific and Emerging Markets
Global Equities
Alternative Investments
Commodities
Cash and Cash Alternatives		 2022
2021
£
763,452
-
400,000
787,065
(53,451)
(31,895)
-
(351)
-
(3,470)
7,775
12,103
1,117,776
763,452
1,117,776
763,452
109,511
47,356
1,227,287
810,808
209,306
166,244
139,125
91,877
251,650
154,292
70,156
40,264
92,928
98,404
71,483
62,165
216,492
113,150
66,636
37,056
109,511
47,356
1,227,287
810,808

The historical cost of the investment held amounted to £1,200,000 (2021: £800,000).

34

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31st March 2022

15.
Debtors
Due within one year
Other debtors
Prepayments and accrued income		 2022
2021
£
£
3,260
3,894
54,488
11,116
57,748
15,010

Other debtors of £3,260 (2021: £3,894) are shown net of a bad debt provision of £5,847 (2021: £4,478).

16. Creditors falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals		 2022
2021
£
£
8,845
13,657
16,061
12,404
9,458
4,025
40,217
15,620
74,581
45,706

35

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31st March 2022

17. Statement of Funds

Statement of Funds Current Year
Restricted Funds
Liverpool Centre
Liverpool Outreach Project
Liverpool Time to Shine
London Set Up
London Student Outreach
National Training
Unrestricted Funds
Designated Funds
Fixed Assets Reserve
London Centre
JP Centre 3
General Funds
General Funds
Total Unrestricted Funds
Total Funds		 As Restated
£
-
-
-
633,950
-
-
633,950
261,956
1,158,550
-
254,401
1,674,907
2,308,857
Balance at
1 April
2021		 Income
£
452,932
20,000
12,951
338,421
122,000
20,670
966,974
-
-
-
220,307
220,307
1,187,281		 Expenditure
£
435,659
20,000
5,477
207,301
100,892
8,255
777,584
-
-
-
202,362
202,362
979,946		 Additions /
(Disposals)
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Transfers
in / (out)
£
£
-
17,273
-
-
-
7,474
(362,413)
402,657
-
21,108
-
12,415
(362,413)
460,927
312,630
574,586
(338,421)
820,129
500,000
500,000
(111,796)
160,550
362,413
2,055,265
-
2,516,192
Balance at
31 March
2022

The April 2021 opening balances reflect the recategorisation of £691,450 income from unrestricted to restricted funds for the new London Centre. The designated funds for this centre have been reduced accordingly.

A Fixed Asset designated reserve has also been created to better reflect the composition of underlying assets supporting the reserves.

During 2021/22 £524,816 of the London restricted funds were used to support the first years operations and the refurishment of the new London Centre. A total of £1,222,786 restricted and designated funds remain for the London Centre to cover completion of the refurbishment and a further 2 years operating expenditure. In addition a designated reserve of £500,000 has been made towards the £2.0m expected cost for the third Centre(set-up and 3 year operating costs) which is planned to be announced in late 2022 23 and opened in 2023 24.

Statement of funds prior year

Restricted funds
London Centre
Unrestricted Funds
Designated Funds
Fixed Assets Reserve
London Centre
Liverpool
General Funds
General Funds
Total Unrestricted Funds
Total Funds		 As Restated
£
1,850,000
350,000
(446,660)
1,753,340
1,753,340
Balance at
1 April
2020		 Income
As Restated
£
691,450
606,068
606,068
1,297,518		 Expenditure
As Restated
£
(57,500)
(350,000)
(343,134)
(693,134)
(750,634)		 Additions /
(Disposals)
As Restated
£
8,633
8,633
8,633		 Transfers
in / (out)
As Restated
As Restated
£
£
633,950
261,956
261,956
(691,450)
1,158,550
0
429,494
254,401
-
1,674,907
-
2,308,857
Balance at
31 March
2021

36

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31st March 2022

18. Analysis of net assets between funds
Analysis of net assets between funds - current year
Tangible fixed assets
Investments
Current assets
Creditors due within 1 year
Analysis of net assets between funds - prior year
Tangible fixed assets
Investments
Current assets
Creditors due within 1 year		 Restricted
Funds
2022
£
-
-
460,926
-
460,926
Restricted
Funds
2021
As Restated
£
-
-
633,950
-
633,950		 Unrestricted
Funds
Total
funds
2022
2022
£
£
574,586
574,586
1,227,287
1,227,287
327,974
788,900
(74,581)
(74,581)
2,055,266
2,516,192
Unrestricted
Funds
Total
funds
2021
2021
As Restated
As Restated
£
£
261,956
261,956
810,808
810,808
647,849
1,281,799
(45,706)
(45,706)
1,674,907
2,308,857

The 2021 results have been restated to reflect the recategorisation of £691,450 income from unrestricted to restricted funds and the utilisation of £57,500 of these funds during the year (net closing balalnce £633,950). These funds were donated for the new London Centre.

37

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31st March 2022

19. Reconciliation of net movement in funds to net cashflow from Reconciliation of net movement in funds to net cashflow from operating activities
2022 2021
£ £
Net income for year (as per Statement of Fincial Activities) 207,335 555,517
Depreciation charges 49,783 47,281
Gains on investments (7,775) (8,633)
Dividends, interests and rents from investments (8,704) (2,175)
Increase in Debtors (42,738) (4,049)
Increase/(decrease) in creditors 28,875 23,086
Net Cash provided by operating activities 226,776 611,027
20. Analysis of cash and cash equivalents 2022 2021
£ £
Cash at bank and in hand 731,152 1,266,789
21. Analysis of change in net debt At 1 April 2021 Cashflows At 31 March 2022
£ £ £
Cash at bank and in hand
1,266,789 (535,637) 731,152

38

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31st March 2022

22. Pension commitments

The charity operates a defined contribution scheme. The assets of the scheme are held separately from the charity in an independently administered fund. The pension cost charge represents the contributions payable by the charity and amounted to £27,702 (£9,688 2021). Contributions of £3,584 (£1,596 2021) were payble at the reporting date.

23. Operating Lease Commitments

At 31 March 2022 the Charity had commitments to make further minimum lease payments under non cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2022
2021
£
£
21,207
12,000
180,793
10,000
202,000
22,000

In January 2022 the Charity signed a 15 year lease to house the London Centre

24. Related party transactions

There were no related party transactions in the current or prior year

25. Restatement of Prior Year Results

Results for the year ending 31st March, 2021 have been restated to correctly reflect the categorisation of the £691,450 in donations raised from The October Club as restricted income donated principally to support the London Centre. The corresponding expenditure of £57,500 has also been reallocated , resulting in a restated restricted reserve of £633,950.

James' Place offers life-saving help to men in suicidal crisis, through a proven intervention delivered by trained professional therapists.

To find out more please visit www.jamesplace.orq.uk

39

JAMES’ PLACE CHARITY

Mitchell Charlesworth (Audit) Limited 3rd Floor 5 Temple Square Temple Street Liverpool Merseyside L2 5RH

15 December 2022

Dear Sirs

This letter is provided in connection with your audit of the accounts of James’ Place Charity for the year ended 31 March 2022 for the purpose of expressing an opinion as to whether the accounts give a true and fair view of the results and financial position of the charitable company and have been prepared in accordance with the Companies Act 2006 and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

We confirm that the following representations are made to the best of our knowledge and belief, having made such inquiries of management and staff as we considered necessary to satisfy ourselves that each of the following representations can properly be made.

General

We have fulfilled our responsibilities as trustees, as set out in the terms of your engagement letter under the Companies Act 2006, for the preparation of the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) for being satisfied that they give a true and fair view and for making accurate representations to you.

All accounting records and relevant information have been made available to you for the purpose of your audit and all transactions undertaken by the charitable company have been properly recorded in the accounting records and are reflected in the accounts.

All other records and related information, including minutes of all management and members meetings, have been made available to you. We have provided unrestricted access to persons within the entity from whom you have deemed it necessary to request information.

We confirm that the accounts are free of material misstatements, including omissions.

We believe that those uncorrected misstatements identified during the audit are immaterial both individually and in aggregate to the accounts as a whole. A schedule of these items is attached to this letter of representation, together with our reasons for not correcting them.

TRUSTEES REGISTERED OFFICE COMPANY NUMBER
Clare Milford Haven 20 Bunhill Road 06423497
Nicholas Wentworth-Stanley London Registered in England & Wales
Harry Wentworth-Stanley EC1Y 8LP
Dr Victor Chua
Prof. Tamar J Thompson OBE CHARITY NUMBER
Peter Flynn
Stephen Aspinall 1121891

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Internal Control and Fraud

We acknowledge our responsibility for the design, implementation and maintenance of internal control systems to prevent and detect fraud. We have disclosed to you our assessment of the risk that the accounts may be materially misstated as a result of fraud.

We have disclosed to you all information in relation to fraud or suspected fraud that we are aware of affecting the entity involving management or employees who have a significant role in internal control or others where fraud could have a material effect on the accounts.

We have also disclosed to you all information in relation to allegations of fraud, or suspected fraud affecting the entity’s accounts communicated by current or former employees, analysts, regulators or others.

Laws and Regulations

We confirm that we are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the charitable company conducts its business and which could affect the accounts.

The charitable company has complied with all aspects of its contractual agreements that could have a material effect on the accounts in the event of non-compliance.

Accounting Estimates

Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable.

Assets and Liabilities

The charitable company has satisfactory title to all assets, and there are no liens or encumbrances on the charitable company’s assets except as disclosed in the accounts.

We have recorded or disclosed, as appropriate, all liabilities both actual and contingent, and have disclosed in the notes to the accounts all guarantees given to third parties.

The carrying value and where relevant the fair value measurements and classification of assets and liabilities are properly reflected in the accounts and there are no plans or intentions that may materially alter this.

Loans and Arrangements

The charitable company has at no time during the year entered into any arrangement, transaction or agreement to provide credit facilities (including loans, quasi loans or credit transactions) for trustees, nor to guarantee or provide security for such matters.

Legal Claims

We have disclosed all known actual or possible litigation and claims that have been, or are expected to be received and such matters, as appropriate, have been properly accounted for and disclosed in the accounts.

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Related Parties

Related party relationships and transactions have been appropriately accounted for and disclosed in the accounts. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters that require disclosure in order to comply with the requirements of company law or accounting standards.

Subsequent Events

All events since the balance sheet date which require disclosure, or which would materially affect the amounts in the accounts have been adjusted or included in the accounts.

Going Concern

We believe that the charitable company’s accounts should be prepared on a going concern basis on the grounds that the current and future sources of funding or support will be more than adequate for the charitable company’s needs, having due regard to the impact of Covid-19. We have considered a period of twelve months from the date of approval of the accounts.

We believe that no further disclosures relating to the charitable company’s ability to continue as a going concern need to be made in the accounts.

Grants and donations

All grants, donations and other income, the receipt of which being subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income.

Regulatory matters

We are not aware of any matters of material significance that should be reported to the Charity Commission.

There have been no other communications with the Charity Commission or other regulatory bodies during the year or subsequently concerning matters of non-compliance with any legal duty.

We acknowledge our legal responsibilities regarding disclosure of information to you as auditors and confirm that so far as we are aware, there is no relevant audit information needed by you in connection with preparing your audit report of which you are unaware.

Each trustee has taken all the steps that he/she ought to have taken as a trustee in order to make him/herself aware of any relevant audit information and to establish that you are aware of that information.

Yours faithfully

Signed on behalf of the Board of Trustees by:

Nicholas Wentworth-Stanley Trustee