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2023-03-31-accounts

James' Place Charity (A Company Limited by Guarantee) Trustees Report and Financial Statements

For the Year Ended 31st March 2023

Company number 06423497 Charity number 1121891

CONTENTS

CONTENTS CONTENTS CONTENTS
All sections of this report form part of the Annual Report of the Trustees:
What we do 3
What makes us different 3
Our aims and values 4
A message from our Chair 5
Chief Executive's Report 6
Frankie's story 9
Our highlights of the year 10
Our Volunteers - Victoria's story
16
Where the money came from
and how we spent it 17
Reference and Administrative Details 23
Financial Review 24
Trustees' Responsibility Statement 29
Independent Auditors Report on
Financial Staements 30 - 33
Statement of Financial Activities 34 - 35
Balance Sheet 36
Statement
of Cashflows		 37
Notes to Financial Statements 38 - 51

James' Place Charity Annual Report and Accounts 2022-23

WHAT WE DO

James’ Place saves the lives of men in suicidal crisis.

We are a charity offering free, life-saving treatment to suicidal men in our centres in Liverpool and London.

We stop men dying by suicide. Our professional therapists get quickly to the heart of a man’s suicidal crisis and help him solve it.

We help men in suicidal crisis find hope for the future.

WHAT MAKES US DIFFERENT

Treatment

Our treatment works. Men experience a clinically and statistically significant positive change following treatment and reduced levels of psychological distress.

Time

We see men quickly with no waiting list.

People

All our therapists are trained and experienced professionals. Men have the same therapist throughout their treatment.

Place

We deliver treatment in our safe, friendly, non-clinical centres in Liverpool and London.

Partners

We work alongside the NHS and other local support services, taking on clinical responsibility for the men we treat.

James' Place Charity Annual Report and Accounts 2022-23 3

OUR AIMS

To improve access to services for men feeling suicidal or identified as being at high risk of suicide.

To contribute knowledge and take innovative approaches to suicide prevention.

To build the evidence base in effective suicide prevention, and support research into the causes of suicidal thoughts and behaviours.

·

To increase awareness and knowledge, reduce stigma and help promote understanding of the symptoms and dangers of depression, anxiety and suicide.

To work cooperatively with other suicide prevention charities, working in partnership with agencies and experts.

OUR VALUES FOCUS RESPECT BRAVERY PROFESSIONALISM COMPASSION COLLABORATION HOPE

James' Place Charity Annual Report and Accounts 2022-23

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A MESSAGE FROM OUR CHAIR

When we embarked on our mission to establish James' Place in 2008, driven by the memory of our beloved son James, we recognised an urgent need to take bold action to prevent male suicides and spare families the devastating loss of the men they love.

It was a journey of determination and perseverance that led us to open our first centre in Liverpool - a non-clinical, warm and welcoming place offering life-saving treatment to suicidal men. As soon as we opened James’ Place Liverpool in 2018, we knew we were doing something special. I’m so proud that five years later we have two centres up and running which have helped over 1,500 men and counting. This year has really been a pivotal year for us as we opened our permanent London base and set out our ambitious plans to more than double in size over the next few years by opening three new centres across England. We also released our latest independent evaluation which shows that James’ Place reduces suicidality in men. Our dedication to expanding our services is fuelled by our belief in the effectiveness of our treatment and our commitment to reaching as many men as possible.

The impact we have made would not have been possible without the dedication of our remarkable staff team, led by our Chief Executive Ellen O’Donoghue, who serve as the driving force behind the charity's progress.

A special acknowledgment goes to our extraordinary clinical team, who demonstrate compassion and commitment in their daily efforts to assist men in the depths of suicidal crisis. I would like to recognise the hard work of our Clinical Lead, Jane Boland who has been with us since the beginning. Our fantastic team in Liverpool; Head of Centre Andrew Noon, Centre Manager Leah Morris, receptionist Joely Fielding and our therapists at the Liverpool centre; Clare Chambers, Claire LaRoc, Lee Humphreys, and Ziva Bobek. At our London centre, I want to thank Head of Centre Dan Bracken, therapists Zorana Halpin, Cassius Campbell, Rob Kent, and Anja Murphy, along with Centre Manager Robyn Hart and receptionists Maureen Reeves and Andrei Stoeanof. Your dedication to our cause is truly inspiring.

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A huge thank you to our Head of Fundraising and Communications, Amy Swart, along with the entire fundraising and communications team, comprising Alex Abberton, Gemma Matthews, Dan Morgan, Ottilie Scanlon and Georgie Padley. I also want to thank our Expansion Manager Rosie Barrett for her hard work in laying the ground for our new centres and Head of Finance Ian Chivers and Accountant and HR Officer Ruth Sheeran for managing our finances and HR.

I would also like to express my sincere appreciation to our trustees, including James' father Nick and brother Harry, whose unwavering support has been invaluable. I extend my gratitude to Peter Flynn, Victor Chua, Tamar Thompson, and Steve Aspinall for their dedicated service on the board. We were delighted this year to welcome esteemed suicide prevention expert Professor Rory O'Connor, whose invaluable expertise further strengthens our collective efforts.

I know James’ Place will continue to go from strength to strength in the coming year. Suicide is the single leading cause of death of men under 50 and we know that there are men all over the country who need the life-saving treatment we provide. We want to reach these men as soon as possible.

Clare Milford Haven

Clare Milford Haven, Chair, James' Place

James' Place Charity Annual Report and Accounts 2022-23

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CHIEF EXECUTIVE'S REPORT

The men who seek support at James' Place are facing a crisis triggered by significant life events, such as financial difficulties, relationship breakdown and debt. Given the prevailing financial climate, the presence of essential services that offer direct support and intervention has never been more important. We understand that men in suicidal crisis will need us now more than ever, as historical data shows that times of economic hardship have been linked to an increase in male suicides. Our determination to prevent such tragedies drives us forward.

With this in mind, we are quickly moving ahead with our ambitious expansion plan in Newcastle, Bristol and Birmingham. The North East has the highest suicide rate in England and it is vital we open there as soon as we can. We have had a fantastic reception from local stakeholders in the North East who really understand how James’ Place will complement existing services in the region, and this has inspired and motivated us to open this centre as soon as we can. Thanks to the incredible generosity of key donors, we have secured the means to open up to six months ahead of schedule, which will enable us to provide our life-saving treatment to an additional 200 men.

We know the work we do at James' Place is life-changing, and the release of our third evaluation last year shows the clinically significant impact our services have on the men we support. This knowledge propels us forward to do more because we know what we do works, is not available anywhere else and is urgently needed. Our work wouldn’t be possible without the extraordinary dedication of our therapists. There are few professionals like our therapists in the sector, who work at the frontline of suicide prevention day in and day out, dealing with men at high risk of suicide.The more we engage in this life-saving work, the more evident it becomes that our services are absolutely crucial. Trained professional therapists are central to the success of our treatment, and we are fortunate to have an exceptional team of experts who all support one another.

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James' Place Charity Annual Report and Accounts 2022-23

Collaborations and partnerships are pivotal to the James' Place model. We work closely with local partners, referrers, charities, and the public sector in London and the North West to ensure the right men are referred to our service and signposted elsewhere when they leave. We also work in collaboration with the wider sector to raise awareness and share knowledge around suicide prevention reduce stigma and promote understanding. There is still much work to do, and we want to continue to build more relationships and strengthen our existing ones in the year ahead.

I want to say a personal thank you to our incredible board of Trustees. Everything we do is underpinned by their supportive, driven work to fufil the vision that our founders Clare Milford Haven and Nick Wentworth-Stanley had when they started James’ Place. We are really grateful for them for their guidance and support, and for volunteering so much of their time.

Finally, I want to take a moment to recognise the men we have helped in the past year across London and the North West. Thank you for coming to us to help you and for trusting us to keep you safe. It is always so encouraging to hear back from men who have left our service, and have gone on to live happy and fulfilling lives. They have started families, embarked on exciting adventures, secured new jobs, and even become grandparents. Knowing that we have given these men hope for the future encourages us to keep going in our important work.

Ellen

Ellen O'Donoghue, Chief Executive, James' Place

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James' Place Charity Annual Report and Accounts 2022-23

The future

The next three years will see the charity focusing on its expansion to open centres in three more cities in England and running those and our existing centres for three years. To do this, we need to raise £10,000,000. Thanks to the support this year, we are just under £2,000,000 into that target, which is a fantastic start and means that we can progress our next centre in Newcastle more quickly. But we know that there are men in Birmingham and Bristol who are in crisis and whom we could help at James’ Place. That knowledge drives everything that we do and we hope that our generous supporters will continue their support over the course of this Appeal as every single pound will help us to achieve our goals.

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James' Place Charity Annual Report and Accounts 2022-23

FRANKIE'S STORY

“I was brought up not to talk about my feelings and not to cry – I was a fighter from an early age and it was all about being strong and tough. The fact is that I’d been having a difficult time for years, I lost my baby daughter in 1990 and my brother to suicide in 2009. I was really struggling with flashbacks and PTSD and the only way out I could see was suicide. I had a plan in place, had been researching suicide on the internet and had isolated myself from the world. I was really desperate. I felt lost and didn’t know where to turn. And then I got referred to James’ Place.

As soon as I walked in that building I felt safe. It makes me feel quite emotional remembering how I felt. It was very homely, very comfortable, not clinical at all. Just a warm, beautiful, safe place – a cocoon of safety. The staff were so accommodating and welcoming, nothing was too much trouble and you were greeted with a smile. In my sessions with my therapist I felt so relaxed and comfortable that it became easy for me to open up and finally talk about some problems I’d been holding on to years. It felt like letting the air out of a pressure cooker, It was so freeing to let it all out and finally be myself. I didn’t feel on my own any more.

Over time I felt a real change in myself, my self-esteem and feeling of self-worth grew and I started coming back to myself. I felt more in control of my own thoughts and the black cloud that followed me around started to lift. With my therapist I worked on a safety plan which I now keep beside my bed, learnt ways to cope and also got signposted to other services that could help me such as Love, Jasmin which supports bereaved parents. James’ Place has made such a difference to my life. I feel like I’m finally looking forward to the future – in fact I just got my first ever passport and went on my first holiday abroad at 61 years of age! I can’t thank them enough.”

James' Place Charity Annual Report and Accounts 2022-23

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OUR HIGHLIGHTS OF THE YEAR

Opening our London centre

On 3rd May His Royal Highness the Prince of Wales (then the Duke of Cambridge) opened our brand new centre on Bunhill Row near Old Street in London and on 9th May we welcomed the first man for treatment. We have now seen over 250 men in London. Thank you to everyone who helped us get the London centre off the ground, our referral partners, our amazing staff team and of course, all the men who have stepped through our doors.

Our appeal and expansion plans

We spent the year working hard on our plans to open three new centres in Bristol, Birmingham and Newcastle by 2026, building relationships with NHS services, clinicians, local authorities, universities and voluntary sector organisations so that when we open we will be able to reach men in crisis immediately. Thanks to pro bono support from PWC we were able to determine centre locations which would reach the maximum numbers of men in areas of the country where need is greatest, in cities with good transport links. With five centres spread across the country, we will be able to treat 2,000 men a year. Over half the male population of England will be within two hours of a James’ Place. We aim to have three new centres open by 2026, with Newcastle as the next centre to open.

In February 2023 we successfully launched our ambition £10 million appeal to fund the new centres and sustain our existing centres over the next three years. The appeal has got off to a fantastic start and we look forward to an exciting time ahead as we push forward with our plans.

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�James' Place Charity Annual Report and Accounts 2022-23

Referrals

We are proud that thanks to our hard work in outreach and awareness in the cities we serve our self-referrals continue to increase. In Liverpool 32% of our caseload were men who referred themselves to our service directly and in London 14%. We are also very grateful to our referral partners in the NHS and other local health and community services who regularly refer men to us for help and continue to work on strengthening these relationships and making new ones.

Our peer support group and mentors

We started two new projects this year to support men when they leave our service.

Our peer support group in London has met four times and offers an opportunity to talk about common issues our men face and receive support and advice from others.

Topics discussed by men have included: giving up alcohol/drugs to improve mental health; how to manage anxiety about going to the gym; what it feels like to be asked ‘How are you?’; strategies for keeping well including mindfulness and exercise; and the role of work in mental health.

Our staff team is also now supported by volunteer mentors who offer support and encouragement to men who have used our service for up to six weeks after their intervention has ended. They can offer a listening ear and support with signposting and accessing other services. We are delighted to now have this valuable resource - a huge thank you to all our volunteers for giving us your time.

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James' Place Charity Annual Report and Accounts 2022-23

Our evaluation

Our latest academic and independent evaluation was released in February 2023, and was conducted by lead researcher Dr Pooja Saini, Reader in Suicide and Self Harm Prevention at Liverpool John Moores University. The evaluation showed that between August 2018 and July 2021, men who have attended James’ Place Liverpool on average experienced a clinically and statistically significant positive change in their mental wellbeing following their treatment and reduced levels of psychological distress, as measured by the Core Outcome Model (CORE 10). This research was published in a Cogent Psychology paper.

Between 2020 and 2021 we measured entrapment levels in the men we see, which is a key indicator of psychological distress. The research found that on average, men who attended James’ Place Liverpool had a statistically significant reduction in feelings of entrapment.

We also published an evaluation of our first six months in London, which highlighted that implementing our treatment model in a new location had been effective at reducing psychological distress and saving lives.

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James' Place Charity Annual Report and Accounts 2022-23

Sharing knowledge and working with others

We are proud that the work we do not only helps the men who come to our centres but also contributes to a wider evidence base of what works in suicide prevention. We are keen to share our learnings with others and some highlights this year include presenting at the 19th European Symposium on Suicide and Suicidal Behaviour in Copenhagen and at the Health and Wellbeing Conference in Birmingham, and speaking at the first annual Nick Kilhams Memorial Lecture in London.

We attended and chaired a roundtable discussion of sector experts convened by the Department of Health and Social Care and hosted the then Minister of State for Care and Mental Health Gillian Keegan, at our London centre.

As part of our commitment to working closely with other suicide prevention charities in the sector, our Chief Executive Ellen O’Donoghue became co-chair of the National Suicide Prevention Alliance in late 2022.

Increasing awareness and knowledge, reducing stigma and helping to promote understanding

Part of our work is to not only raise awareness and knowledge of our service, but of suicide and suicide prevention in general in the communities we serve. Our outreach team has worked hard this year on this and has built relationships with London universities University of the Arts, Queen Mary’s University and London Metropolitan University to reach more students.

On World Suicide Prevention Day we were delighted to work with West Ham United Football Club to raise awareness of suicide and suicide prevention through a powerful video about fan Gary Billings who took his own life. Thank you to Gary’s family for sharing their story. We also partnered with Open Media for some big screen adverts in Liverpool and London to raise awareness of James’ Place.

In Liverpool we partnered with local restaurant The Quarter who kindly displayed our logo on their staff uniforms to help raise awareness of our Liverpool centre. We were also thrilled that UFC star Paddy Pimblett visited our Liverpool centre to film a video in November which helped raise awareness not only for us, but also about men’s mental health in general to an international audience. Thank you Paddy.

Finally we were proud to have the opportunity to train 230 people in suicide prevention this year thanks to a generous donation from The Rank Foundation.

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James' Place Charity Annual Report and Accounts 2022-23

Our people

We have an amazing staff team at James’ Place that has grown to 26 people in 2022-2023 with nine new members of staff joining our team. We appointed our first Expansion Manager Rosie Barrett, a new Centre Manager Robyn Hart, added team members to our Fundraising & Communications team and held our first team away day bringing together staff from London and Liverpool. Thank you to our team, including our 11 new volunteers mentors, for all the fantastic work you do every day.

We were delighted to welcome a new trustee to our board at the end of 2022, Professor Rory O’Connor. Rory is Professor of Health Psychology at the University of Glasgow in Scotland where he leads the Suicidal Behaviour Research Laboratory, one of the leading suicide and self-harm research groups internationally. Rory is also President of the International Association for Suicide Prevention (IASP), the largest suicide prevention organisation globally. We are so pleased he has joined us.

James' Place Charity Annual Report and Accounts 2022-23

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Our art project

We are lucky to have some fantastic art work displayed on the walls at our centres in London and Liverpool that help to create the unique atmosphere at James’ Place and also move and inspire anyone who visits. All artwork is available for sale with proceeds benefiting James’ Place.

Thank you to the following artists.

GEORGE IRVINE GEORGEMMA HUNT & CIARAN WALSH LOUISE BOYD LUCIA FRASER JORDAN PRICE EMILY HILLIER DAN HOWDEN MIMI NICHOLSON CHARLEY JONES EMILY LAWLOR STEVE BARWISE KITTY ABBERTON SIAN MCGILL LOUISE CONDON GRACE BECK ANGIE HUNT TRACEY ROSS GUY ALLEN CICELY PEERS ANNA SILVERTON BRIAN SANDERS GENE BIBLE

BECKY BLAND HATTY BUTLER AUBREY HIGGIN WILLIAM WATERWORTH JASON JONES MARY HILL RAH FLYNN KATHARINE NEWMAN LISA SWERLING SARAH EMILY PORTER TOM HAMMICK MICHAEL SOLE ELAINE KAZIMIERCZUK MYRICA JONES CYRUS MAHBOUBIAN MARK STOPFORTH LUCY LUTYENS FINTAN WHELAN BRITTA KUHNEN LOUISA WENTWORTH-STANLEY

James' Place Charity Annual Report and Accounts 2022-23

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OUR VOLUNTEERS - VICTORIA'S STORY

“I’m someone who has struggled with my own mental health in the past and I’ve experienced suicidal thoughts, once after the birth of my first baby when I was just 20, and a second time when I was trapped in an abusive relationship. I managed to get through those difficult times and I’m passionate about doing what I can to help others who are having a difficult time.

I first became aware of James’ Place a few years ago when my brother was suicidal and the A&E team referred him to the Liverpool centre for treatment. Afterwards I really wanted to do something to give back to the charity so as well as running a half marathon to raise funds, I applied to be a mentor at the Liverpool centre. My role is to offer support and encouragement to men after they have finished their treatment and my lived experience really helps with that. I try to understand what makes the men I help tick, where they find joy, what they like to do and encourage them to make positive changes in their lives.

For me writing and being in nature has really helped me in difficult times. I try to help them see their bravery and strength, and that they have so much to be proud of. Most importantly I make sure I check in on how they are feeling and if their suicidal thoughts have returned, some are still very fragile and it’s vital that we remind them how to keep safe and what to do if they are at a low ebb. I absolutely love my role as a mentor, it feels fantastic to give something back and to have such an impact on people’s lives.”

James' Place Charity Annual Report and Accounts 2022-23 1 6

WHERE THE MONEY CAME FROM

We rely almost entirely on charitable donations to fund our life-saving work. This year we raised

£2,778,582

thanks to the incredible support from individuals, companies, foundations and events. We are very grateful to everyone who has made this possible over the last year, particularly to those who have raised or given money in memory of a loved one that they have lost. We are also honoured that a number of men who have used James’ Place have supported our fundraising this year. We feel a deep gratitude and a keen responsibility to put all these funds to immediate good use.

Key fundraising highlights

In February we launched the private phase of our £10m Appeal to open three new centres across England and run them and our existing centres for three years. We celebrated this at a dinner at the glorious Fishmongers’ Hall, and the dinner was generously sponsored by The Fishmongers’ Company Philanthropy and Grants programme. Sixty guests heard from David Robertson, the chair of the Philanthropy and Grants Committee, Nick Wentworth-Stanley and Clare Milford Haven, cofounders of James’ Place, and our newest trustee, Professor Rory O’Connor. Guests included some of our longest standing supporters, members of the Appeal Board, and others who were interested to hear about our plans for the future expansion of James’ Place.

We are grateful to our Appeal Board who are committed to championing James’ Place and helping us to reach this ambitious target to achieve our aims.

Rory Buchanan (stepped down in June 2023) Giuseppe Ciucci Fred Coleridge-Cole Ludovico del Balzo

Eric Wilkinson

Each year the challenges that our supporters take on to raise funds for James’ Place inspire us ever more greatly. We are grateful to every single person who has pushed themselves outside of their comfort zone to raise vital funds to enable us to deliver our life-saving work.

James' Place Charity Annual Report and Accounts 2022-23 1 7

Isabella Knatchbull raised over £85,000 through her Everest in the Alps challenge in February 2023.

Team Kiasu raised £8,184 through running the Florence Marathon and other running challenges.

Toby Fenwicke-Clennell raised £6,890 by canoeing down the Yukon River in Canada.

Tom Cattell raised £3,515 by running the Marathon des Sables.

This year we received two of the largest single donations that the charity has ever received. In March 2023, the David Riddell Memorial CIO has given £500,000 and the Oil Brokerage Charity Day raised £1,000,000. These gifts have transformed our plans to open our new centre in Newcastle, enabling us to bring forward the opening to the 2023 calendar year, allowing us to treat up to 200 more men than we would have otherwise been able to. We are truly grateful.

We are fortunate to have been awarded multi-year funding from the following foundations. This is crucial for our sustainability and planning and also allows us to demonstrate the longer term impact of their support. We cannot thank you all enough for making this commitment to James’ Place.

Ardonagh Community Trust Carlie Tufnell household Coco Joelle Foundation The Fishmongers' Company's Charitable Trust Garfield Weston Foundation Nick Kilhams Foundation Syncona Foundation

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James' Place Charity Annual Report and Accounts 2022-23

There are many other organisations who have significantly supported James’ Place with one-off donations for the first time. Thank you all for choosing to support James’ Place even when you did not know us well. Here are a few examples:

DSG Accountants and Iain White - from the estate of Robert Lomas Prudence Trust Betty Messenger Foundation The Peter Stebbings Memorial Charity

We are always amazed when supporters use their creativity to incorporate raising funds for James’ Place into their personal or corporate events. We are very grateful for this support and want to recognise just a few here:

Lola Bute raised a stupendous £700,000 at The Odd Ball in May, which was distributed amongst five very worthy charities including James’ Place.

For the second year running, Jojo Chantler supported James’ Place at the Jojo Bradley Interior Design Christmas Shopping experience.

Mansfield Advisors chose James’ Place as their charity of the year last year and championed us at their Spring and Autumn drinks receptions.

Fraser Carruthers and his team at Raffles chose to support James’ Place at the annual Raffles Rumble, a charity boxing match, in November.

James' Place Charity Annual Report and Accounts 2022-23 1 9

Our fundraising statement

James’ Place relies on voluntary donations and grants to run our life saving service. We receive donations from Trusts and Foundations, companies, individuals, central and local government grants, and through fundraising activities like runs, challenges and events that our supporters freely undertake.

At James’ Place, we comply with the Fundraising Regulator’s standards, and we do not engage professional fund raisers or have commercial participators. We employ a small fundraising team that is tasked with raising all the funds that the charity needs to fulfil its objectives.

The charity engages with supporters who wish to fundraise for us and follows up their activities in such a way that is compliant with Fundraising Standards and GDPR. We are acutely aware that many of those who support us have been impacted by suicide in some way and the charity lives its values of Focus, Bravery, Compassion, Hope, Respect and Professionalism, in all aspects of our fundraising. There have been no complaints about our fundraising activities.

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James' Place Charity Annual Report and Accounts 2022-23

Thank you to everyone who has contributed to James’ Place over this year. Below is a list of many who have chosen to do so, and there are many more who remain anonymous to whom we are also extremely grateful.

ACOL BRIDGE CLUB WEST HAMPSTEAD CARLIE TUFNELL HOUSEHOLD MIRANDA ARMSTRONG ARDONAGH COMMUNITY TRUST AURELIA FOUNDATION BERGNE-COUPLAND CHARITY BETTY MESSENGER CHARITABLE FOUNDATION CAROLINE CAREY COCO JOELLE FOUNDATION LOUISE BAINBRIDGE DAVID RIDDELL MEMORIAL CIO DSG ACCOUNTANTS AND IAIN WHITE DUNCAN HALES ED AND MELISSA FIFE EDWARD AND NICKY FARQUAR FELIX MCKECHNIE FÔR FOUNDATION GARFIELD WESTON FOUNDATION ISABELLA AND TIM KNATCHBULL JACK GRATTON JOANNA COLLINS JOJO BRADLEY INTERIOR DESIGN JONATHON SEYMOUR-WILLIAMS HOUSEHOLD JULIAN EDWARDS LOLA BUTE LORD LEVERHULME CHARITABLE TRUST MAX WINDLE MEMORIAL TRUST MEDICASH FOUNDATION NEWCORE CAPITAL MANAGEMENT LLP THE NICK KILHAMS FOUNDATION ALEC AND KATY PICKERING KATE VIGOLO LOWTHER CASTLE & GARDENS

NIGEL HADDEN-PATON OIL BROKERAGE PERCENT FOUNDATION PETER STEBBINGS MEMORIAL CHARITY PRUDENCE TRUST RADIO H-P AND LISTENERS RAFFLES RUMBLE RAHUL MOODGAL RANK FOUNDATION RICHARD CORFIELD SARAH FORRESTER SIR GERARD NEWMAN CHARITABLE TRUST STEPH HARPER SYNCONA FOUNDATION TEAM KIASU THE BRENNINKMEIJER FAMILY THE FISHMONGERS’ COMPANY’S CHARITABLE TRUST THE OCTOBER CLUB THE UNDERWOOD TRUST THE WESTMINSTER FOUNDATION (COURTESY OF THE DUCHESS OF WESTMINSTER) TIGER RECRUITMENT TOBY FENWICKE-CLENNELL TOM CATTELL TRESIDOR INVESTMENT MANAGEMENT VALENTINE AND ISABEL HUTLEY WILLIAM ZACKA

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James' Place Charity Annual Report and Accounts 2022-23

HOW WE SPENT THE MONEY

[in 22/23.] We spent a total of £1,407,512

We spend in every pound directly supporting suicidal men. 81p

Expenditure 22/23

Governance and management New centre development 3% 8%

Liverpool centre

Fundraising costs 11%

31%

London centre 47%

Our Liverpool centre cost to run for one year. £436,000

Our London centre cost £660,000 to run for one year.

It costs to treat one man in suicidal crisis. £2,500

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REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2023

Trustees

Clare Milford Haven

Nicholas Wentworth-Stanley DL

Harry Wentworth-Stanley

Dr Victor Chua

Professor Tamar J Thompson OBE

Peter Flynn MVO

Stephen Aspinall

Professor Rory O’Connor (appointed 1st March 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

Clinical Lead Jane Boland

Deputy Clinical Lead Dan Bracken

Head of Fundraising & Communications Amy Swart

Acting COO 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 Annual Report and Accounts 2022-23

FINANCIAL REVIEW

Total income for the year at £2,819,512 was £1,640,006 higher than 2022 (2022: £1,179,506). Net funds increased by £1,367,258 (2022: £207,335). Over 98% of 2023 income was received from donations and fundraising. The charity benefited from a number of substantial donations and fundraising events during the year amounting to £2,778,582:

Oil Brokerage Charity Day £1,000,000 David Riddell Memorial CIO £500,000 Lola Bute's Eternity Ball £175,991 The Syncona Foundation £90,000 Nick Kilhams Foundation £60,000 Lomas Estate £50,000 The Fishmongers' Company's Charitable Trust £50,000 Coco Joelle Foundation £40,000 Other appeals and events & grants £812,591 _______ Total £2,278,582

The Charity had total funds of £3.88 million at year-end (2022: £2.52m), of which £1.50m was restricted (2022: £0.46m), £2.38m unrestricted (2022: £2.06m) of which £1.63m (2022:£1.89m) was designated to support the London centre ongoing operations, the planned set up and initial operations of the Newcastle James’ Place Centre and the fixed assets reserve. General reserves amounted to £0.76m (2021: £0.16m).

Going concern

The Trustees launched a £10 million fundraising appeal in February 2023, 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 £3.22m (net of fixed asset reserves) at the year end to support ongoing operations and planned expansion. The Charity has well developed fundraising plans to raise monies required for the next three centres and critical review processes and controls to ensure commitments to further centres will not be made unless sufficient reserves are available.

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James' Place Charity Annual Report and Accounts 2022-23

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.

Investment policy

The Charity did not add any further funds to its investment portfolio in 2023 and the total amount invested remains at £1,200,000. The portfolio is managed by James Hambro and Partners LLP. 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 generate a small return within the restrictions of prudent risk management. As at the year end the investment portfolio was valued at £1,195,171.

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 and ensures sustainable operations. 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.

During the year £0.58m of the restricted reserves for the London Centre were utilised and £0.36m 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 £0.46m (2021: £0.82m). In recognition of the Charity's commitment to its third centre, in Newcastle, a designated reserve of £0.50m has been maintained which represents the balance remaining on the fundraising appeal target of £2.00m to cover set up and 3 years operations (£1.50m funds were raised towards the appeal target in 2023).

The Trustees consider that the remaining £0.46m designated reserve for the London Centre and balance on the required funding for the set up and initial operations of the Newcastle centre are appropriate.

25

James' Place Charity Annual Report and Accounts 2022-23

Principal risks and uncertainties

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

Key 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 protecting the core
ongoing operations.
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
opening of new centres. Trustees committed to the
new Newcastle Centre in 2023.
Relatively small team
leaves charity exposed to
staff turnover and
sustained absences.		 Trustees maintain close contact with staff and
regularly review working conditions, compensation
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.

26

James' Place Charity Annual Report and Accounts 2022-23

Financial controls and policies

Financial controls are effected through a combination of robust procedures and controls, systems 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

Structure, governance and management

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 to save the lives of men in suicidal crisis. The charity’s stated objectives are: to improve access to services for men feeling suicidal or identified as being at high risk of suicide; to contribute knowledge and take innovative approaches to suicide prevention; to build the evidence base in effective suicide prevention, and support research into the causes of suicidal thoughts and behaviours; to increase awareness and knowledge, reduce stigma and help promote understanding of the symptoms and dangers of depression, anxiety and suicide; to work cooperatively with other suicide prevention charities, working in partnership with agencies and experts

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.

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.

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 and compatibility with comparable roles, subject to the Charity’s ability to pay.

27

James' Place Charity Annual Report and Accounts 2022-23

James' Place Charity

(A Company Limited by Guarantee)

Trustees' Report For the Year Ended 31 March 2023

8 November 2023

Page 28

James' Place Charity

(A Company Limited by Guarantee)

Statement of Trustees' responsibilities For the Year Ended 31 March 2023

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:

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.

Page 29

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 2023 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.

Page 30

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.

Page 31

James' Place Charity

(A Company Limited by Guarantee)

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 non- compliance 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.

Page 32

James' Place Charity

(A Company Limited by Guarantee)

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 8 November 2023

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

Page 33

James' Place Charity

(A Company Limited by Guarantee)

Statement of financial activities (incorporating income and expenditure account) For the Year Ended 31 March 2023

Notes
Unrestricted
Income from:
£
Donations and legacies
4
791,963
Other income
5
28,304
Investments
5
12,626
Total income
832,893
Expenditure on:
Raising funds
6
156,547
Charitable activities
7 & 8 & 9
488,358
Total expenditure
644,905
Net gains/(loss) on investments
14
(44,742)
Net movement in funds
143,246
Transfer between funds
183,664
Total funds brought forward
2,055,265
Total funds carried forward
17
2,382,175		 Restricted
£
1,986,619

-

-

1,986,619

-

762,607

762,607

-
1,224,012

(183,664)
460,927

1,501,275		 Total
2023
£
2,778,582
28,304
12,626
2,819,512
156,547

1,250,965
1,407,512
(44,742)
1,367,258
-
2,516,192
3,883,450		 Total
2022
As restated
£
1,146,802

24,000

8,704
1,179,506

99,370

880,576

979,946

7,775

207,335
-
2,308,857
2,516,192

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

The notes on pages 38 to 51 form part of these financial statements

Page 34

James' Place Charity

(A Company Limited by Guarantee)

Statement of financial activities (incorporating income and expenditure account) For the Year Ended 31 March 2023

Comparative information for the year ended 31 March 2022

Notes
Unrestricted
Income from:
£
Donations and legacies
4
203,828
Investments
5
8,704
Total income
212,532
Expenditure on:
Raising funds
6
99,370
Charitable activities
7 & 8 & 9
102,992
Total expenditure
202,362
Net gains on investments
14
7,775
Net movement in funds
17,945
Transfer between funds
362,413
Total funds brought forward
1,674,907
Total funds carried forward
2,055,265		 Restricted
£
966,974
-

966,974
-
777,584

777,584
-

189,390
(362,413)
633,950

460,927		 Total
2022
£
1,170,802
8,704
1,179,506
99,370
880,576
979,946
7,775
207,335

-
2,308,857
2,516,192		 Total
2021
As restated
£
1,295,343
2,175
1,297,518
82,116
668,518
750,634
8,633
555,517
-
1,753,340
2,308,857

The 2022 results have been restated to reflect the recatergorisation 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 38 to 51 form part of these financial statements

Page 35

James' Place Charity

(A Company Limited by Guarantee) Registered number: 06423497

Statement of Financial Position As at 31 March 2023

Notes
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
15
Cash at bank and in hand
Net current assets
Total unrestricted funds
Creditors
Amounts falling due within one year
16
Total assets less current liabilities
Charity funds
Restricted funds
17
Unrestricted funds
Designated funds
17
General funds
17
Total funds
18		 2023
£
£
666,999
1,195,171
1,862,170
1,020,046
1,174,792
2,021,280
2,382,175
2,194,838
(173,558)
3,883,450
1,501,275
1,625,437
756,738
3,883,450		 2022
£
£
574,586
1,227,287
1,801,873
57,748
731,152

714,319
2,055,265
788,900
(74,581)
2,516,192
460,927
1,894,715
160,550
2,516,192

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 authorised for issue by the Trustees on 8 November 2023 and signed on their behalf by:

Clare Milford Haven

The notes on pages 38 to 51 form part of these financial statements.

Page 36

James' Place Charity

(A Company Limited by Guarantee)

Statement of Cash Flows For the Year Ended 31 March 2023

Notes
Cash flows from operating activities
19
Net cash used in other activities
Purchase of tangible fixed assets
Addition to investment portfolio
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		 Total
2023
£
627,304
(183,664)
-
(183,664)
433,640
731,152
1,174,792

Note: In addition to cash and cash equivalents held at the bank, £92,455 (2022: £109,511) cash and cash equivalents is held within our managed investment portfolio. This is a non discretionary account and the amount cash and cash equivalents contained in the portfolio is determined by the fund manager.

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

The notes on pages 38 to 51 form part of these financial statements.

Page 37

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

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.

Page 38

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

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 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.

Page 39

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

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.

Page 40

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

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.

Page 41

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

4.
Income from donations and legacies
- Current year
Unrestricted
£
Donations
Oil Brokerage Event
-
David Riddell CIO
-
Forward Trust/Lola Bute Eternity
-
Nick Kihams Foundation
-
Lomas Estate
-
Fishmongers Company
-
Department of Health & Social Care
-
Coco Joelle Foundation
-
The Syncona Foundation
90,000
Other appeals and donations
701,963
791,963		 Restricted
£
1,000,000
500,000
175,991
60,000
50,000
50,000
-
40,000
-
110,628
1,986,619		 Total
2023
£
1,000,000
500,000
175,991
60,000
50,000
50,000
-
40,000
90,000
812,591
2,778,582		 Total
2022
£
-
-
-
-
-
-
283,968
122,000
100,000
640,834
1,146,802

Note: 2022 total funds restated and reduced by £24,000 to correctly categorise this income within Other Income as service income.

Income from donations and legacies
- Prior year
Unrestricted
Restricted
£
£
Donations
Department of Health & Social Care
-
283,968
Coco Joelle Foundation
-
122,000
The Syncona Foundation
-
100,000
Donor wishes to remain anonymous
-
-
Lola and Serena Bute Eternity events
-
-
The October Club
-
-
Other appeals and donations
203,828
461,006
203,828
966,974
5.
Investment income
Unrestricted
£
Dividend income on investment portfolio
12,626
Other income
Bank interest
4,304
Services
24,000
28,304		 Total
2022
£
283,968
122,000
100,000
-
-
-
664,834
1,170,802
Total
2023
£
12,626
4,304
24,000
28,304		 Total
2021
£
-
-
100,000
100,000
92,000
691,450
311,893
1,295,343
Total
2022
£
8,704
-
24,000
24,000

Note: 2022 total funds restated to reflect £24,000 service income received which was previously reported within Donations.

Page 42

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

6.
Expenditure on raising funds
Unrestricted
£
Costs of raising voluntary income
22,701
Wages and salaries
133,846
156,547
7.
Analysis of expenditure on
charitable activities
Unrestricted
Summary by fund type
£
Service delivery
488,358
8.
Analysis of expenditure by activity
Activities
undertaken
directly
2023
£
Service set up and delivery
1,139,215		 Restricted
£
-
-
-
Restricted
£
762,607
Support
costs
2023
£
111,750		 Total
2023
£
22,701
133,846
156,547
Total
2023
£
1,250,965
Total
2023
£
1,250,965		 Total
2022
£
4,773
94,597
99,370
Total
2022
£
880,576
Total
2022
£
880,576

Note: 2022 direct costs and support costs have been restated to reflect a more accurate categorisation of costs between direct and support costs.

Analysis of direct costs
Staff costs
Depreciation
Rent & rates
Insurance
Staff training
Staff recruitment
Computer, software and maintenance costs
IT Development
Travel
Repairs and maintenance
Marketing
Office expenses
Subscriptions
Academic evaluation
Professional fees
Other direct		 Activities
2023
£
737,073
91,251
64,922
8,611
8,027
8,088
43,260
12,000
16,236
17,976
17,619
40,804
68
63,920
3,155
6,205
1,139,215		 Total
2023
£
737,073
91,251
64,922
8,611
8,027
8,088
43,260
12,000
16,236
17,976
17,619
40,804
68
63,920
3,155
6,205
1,139,215		 Restated
Total
2022
£
501,733
49,783
69,915
6,924
3,052
2,890
39,635
26,400
6,795
16,645
17,932
5,218
-
25,000
922
9,083
781,927

Note: 2022 Direct Costs have been restated to reflect a more accurate categorisation of costs between direct and support costs.

Page 43

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

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
Consultancy
Accountancy and audit
Legal fees
Other direct		 Activities
2023
£
32,775
-
1,736
-
6,480
11,445
6,082
10,000
3,019
-
21,491
1,569
782
-
9,737
1,894
4,740
111,750		 Total
2023
£
32,775
-
1,736
-
6,480
11,445
6,082
10,000
3,019
-
21,491
1,569
782
-
9,737
1,894
4,740
111,750		 Restated
Total
2022
£
35,847
-
1,641
-
7,200
12,919
6,340
-
1,112
-
1,000
1,069
82
8,696
14,512
2,557
5,674
98,649

Note: 2022 Support Costs have been restated to reflect a more accurate categorisation of costs between direct and support costs.

10.
Auditors remuneration
Fees payable to the Charity’s auditor for the audit of the
Charity’s annual accounts		 2023
£
5,500
 2022
£
5,400

Page 44

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

11.
Staff costs
Wages and salaries
Social security costs
Employer contribution to defined contribution pension scheme		 2023
£
763,088
73,324
53,524
889,936
 2022
£
549,617
52,617
27,702
629,936

The average number of persons employed by the Charity during the year was as follows:-

2023 2022
No No
Employees 24 19

The number of employees whose benefits (excluding employer pension costs) exceeded £60,000 was:-

2023 2022
No No
In the band £60,001 to £70,000 2 1
In the band £70,001 to £80,000 1 -
In the band £80,001 to £90,000 - 1
In the band £90,001 to £100,000 1 -

The total employee benefits of the key management personnel of the Charity were £311,801 (2022 £167,611).

12. Trustee remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022: £Nil).

During the year ended 31 March 2023, a total of £964 was reimbursed to Trustees (2022: £791) in relation to general expenses incurred on the Charity’s behalf.

Page 45

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

13.
Tangible fixed assets
Cost or valuation
At 1 April 2022
Additions
Transfers
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022		 London
Leasehold
Centre
Property
Fixtures
IT
WIP Improvements
& Fittings
Equipment
£
£
£
£
325,557
257,681
159,797
9,084
-
183,664
-
-
(325,557)
325,557
-
-

-
766,902
159,797
9,084
-
97,983
70,466
9,084
-
68,203
23,048
-

-
166,186
93,514
9,084
-
600,716
66,283
-

325,557
159,698
89,331
-		 Total
£
752,119
183,664
-
935,783
177,533
91,251
268,784
699,999
574,586

Notes:

At 31 March 2023, Leasehold Property includes the cost of refurbishing the London Centre (£509,211) of which £325,557 was reported as work in progress at 31 March 2022.

Page 46

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

14.
Listed investments
Market value as at 1 April 2022
Additions
Disposals
Realised losses
Unrealised gains
Market value at 31 March 2023
Listed investments in the UK
Cash
Market value at 31 March 2023
Material investments
Fixed interest
UK Equities
North American Equities
European Equities
Asia Pacific and Emerging Markets
Global Equities
Alternative Investments
Commodities
Cash and cash alternatives		 2023
£
1,117,776
17,056
-
12,626
(44,742)
1,102,716
1,102,716
92,455
1,195,171
259,190
135,278
263,246
90,738
51,504
39,354
191,252
72,154
92,455
1,195,171
 2022
£
763,452
400,000
(53,451)
-
7,775
1,117,776
1,117,776
109,511
1,227,287
209,306
139,125
251,650
70,156
92,928
71,483
216,492
66,636
109,511
1,227,287

The historical cost of the investment held amounted to £1,200,000 (2022: £1,200,000).

15.
Debtors
Due within one year
Other debtors
Prepayments and accrued income		 2023
£
-
1,020,046
1,020,046		 2022
£
3,260
54,488
57,748

Prepayments and accrued income includes £1,000,000 raised in the Oil Brokerage fundraising.

16.
Creditors falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals		 2023
£
41,396
22,632
12,281
97,249
173,558		 2022
£
8,845
16,061
9,458
40,217
74,581

Page 47

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

17.
Statement of funds
- Current year
Balance at 1
April 2022
(as restated)
£
Restricted funds
Liverpool Centre
17,273
Liverpool Outreach
Project
-
Liverpool Time to
Shine
7,474
London Centre
402,657
Marketing & Grant
Plan
-
London Student
Outreach
21,108
National Training
(Windell Grant)
12,415
16 to 18 Scoping &
Evaluation
-
Newcastle Centre
-


460,927


Unrestricted funds
Designated funds
Fixed Assets
Reserve
574,586
London Centre
820,129
Newcastle
500,000
General funds
160,550

Total unrestricted
funds
2,055,265

Total funds
2,516,192

 Income
Expenditure
Additions/
(Disposals)
£
£
£
92,668
109,941
-
10,000
10,000
-
7,260
14,734
-
361,691
580,684
-
10,000
10,000
-
-
21,108
-
-
12,415
-
5,000
757
-
1,500,000
2,968
-



1,986,619
762,607
-



-
-
-
-
-
-
-
-
-
788,151
644,905
-



788,151
644,905
-



2,774,770
1,407,512
-


 Transfers
in/(out)

£
-
-
-
(183,664)
-
-
-
-
-

(183,664)

92,413
(361,691)
-
452,942

183,664


-

 Balance at
31 March
2023
£
-
-
-
-
-
-
-
4,243
1,497,032

1,501,275

666,999
458,439
500,000
756,738

2,382,175

3,883,450

During 2021/22 £524,816 of the London restricted funds were used to support the first years operations and the refurbishment 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.

Page 48

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

17.
Statement of funds
- Prior year
Balance at 1
April 2021
(as restated)
£
Restricted funds
Liverpool Centre
-
Liverpool Outreach
Project
-
Liverpool Time to
Shine
-
London Set up
633,950
London Student
Outreach
-
National Training
-

633,950

Unrestricted funds
Designated funds
Fixed Assets
Reserve
261,956
London Centre
1,158,550
Newcastle
-
General funds
254,401

Total unrestricted
funds
1,674,907


Total funds
2,308,857


 Income
Expenditure
Additions/(
Disposals)
£
£
£
452,932
435,659
-
20,000
20,000
-
12,951
5,477
-
338,421
207,301
-
122,000
100,892
-
20,670
8,255
-



966,974
777,584
-



-
-
-
-
-
-
-
-
-
220,307
202,362
-



220,307
202,362
-



1,187,281
979,946
-


 Transfers
in/(out)
£
-
-
-
(362,413)
-
-

(362,413)

312,630
(338,421)
500,000
(111,796)

362,413

-
 Balance at
31 March
2022
£
17,273
-
7,474
402,657
21,108
12,415

460,927

574,586
820,129
500,000
160,550

2,055,265

2,516,192

The April 2021 opening balances reflect the re-categorisation 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.

Page 49

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

18.
Analysis of net assets between funds – Current
Restricted
Unrestricted
year
Funds
Funds
2023
2023
Tangible fixed assets
-
666,999
Investments
-
1,195,171
Current assets
1,501,275
693,563
Creditors due within 1 year
-
(173,558)

1,501,275
2,382,175


Analysis of net assets between funds – prior
Restricted
Unrestricted
year
Funds
Funds
2022
2022
Tangible fixed assets
-
574,586
Investments
-
1,227,287
Current assets
460,926
327,974
Creditors due within 1 year
-
(74,581)

460,926
2,055,266


19.
Reallocation of net movement in funds to net cashflow from
operating losses
2023
£
Net income for year (as per Statement of Financial Activities)
1,367,258
Depreciation charges
91,251
Gains on investments
44,742
Dividends, interests and rents from investments
(12,626)
Increase in debtors
(962,298)
Increase/(decrease) in creditors
98,977

Net cash provided by operating activities
627,304

20.
Analysis of cash and cash equivalents
2023
£
Cash at bank and in hand
1,174,792

21.
Analysis of change in net debt
At 1 April 2022
Cashflows
£
£
Cash at bank and in hand
731,152
443,640

 Total
Funds
2023
666,999
1,195,171
2,194,838
(173,558)
3,883,450
Total
Funds
2022
574,586
1,227,287
788,900
(74,581)
2,516,192
2022
£
207,335
49,783
(7,775)
(8,704)
(42,738)
28,875

226,776

2022
£
731,152

2023
£
1,174,792

Page 50

James' Place Charity

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

22. Pension commitments

The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £53,524 (2022 - £27,702). Contributions of £3,584 (2022 - £3,584) were payable to the fund at the reporting date.

23. Operating lease commitments

At 31 March 2023 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		 2023
£
50,500
127,806

178,306
 2022
£
21,207
180,793

202,000

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.

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

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

Page 51