DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
**Registered number: 07737209 Charity number: 1143740**
## **AMY WINEHOUSE FOUNDATION**
**(A company limited by guarantee)**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE PERIOD ENDED 31 DECEMBER 2020**
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION**
## **(A company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the company, its Trustees and advisers**|1|
|**Trustees' report**|2 - 13|
|**Independent auditors' report on the financial statements**|14 - 17|
|**Consolidated statement of financial activities**|18|
|**Consolidated balance sheet**|19 - 20|
|**Company balance sheet**|21 - 22|
|**Consolidated statement of cash flows**|23|
|**Notes to the financial statements**|24 - 46|
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 DECEMBER 2020**
|**Trustees**|Mitchell Winehouse, Chair|
|---|---|
||Janis Winehouse-Collins|
||Jane Winehouse|
||Margaret Cody (retired 21 September 2020)|
||Richard Collins|
||Peter Grant (retired 5 March 2020)|
||Jonathan Simpson|
||Yogesh Kumar Dewan|
||Barry Michael Yin|
||Stephen Lee|
||Michael Winehouse (appointed 22 May 2020)|
||Melissa Rice (appointed 21 September 2020)|
|**Company registered**
**number**
07737209
**Charity registered**
**number**
1143740
**Registered office**
5a Bear Lane
London
SE1 0UH
**Charity website**
https://amywinehousefoundation.org/
**Independent auditors**
Wellers
Accountants
8 King Edward Street
Oxford
OX1 4HL
**Bankers**
Coutts & Co
440 Strand
London
WC2R 0QS||
Page 1
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE PERIOD ENDED 31 DECEMBER 2020**
The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the audited financial statements of Amy Winehouse Foundation (the company and the group) for the period ended 31 December 2020. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (2nd Edition, effective January 2019) (“Charities SORP”).
Since the company and the group qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
## **Objectives and activities**
## **a. Principal objective, strategies for achieving objectives and public benefit**
The Amy Winehouse Foundation (AWF) is a registered charity set up in Amy's memory to promote charitable activities. The objects of the charity, as defined by its governing document are to support charities and organisations undertaking charitable activities in both the United Kingdom and abroad who provide help, support or care for young people, especially, but not exclusively those who are in need by reason of ill health, disability, financial disadvantage or addiction. The trustees define the way in which the charity aims to carry out these objectives in the following terms.
## **Our Mission: ‘In Amy’s memory, we work to inspire children and young people to build their selfesteem and resilience, so that they can flourish.’**
The charity has the following three core areas of focus:
1. To inform and educate young people about the effects of drug & alcohol misuse.
2. To provide support for those most vulnerable, those at high risk of misuse or disadvantaged through circumstance.
3. To support the personal development of disadvantaged young people, through music.
- The charity delivers its objectives principally through the following activities:
- Developing projects and programmes that further its objects and extend public benefit.
- Developing partnerships and working with other charities and organisations to increase the expertise, scale and reach of our charitable work.
- Increasing public awareness and understanding of the issues affecting young people
- Consulting and involving young people and service users to develop our programmes.
- Providing grants to organisations that carry out work that meets the charity’s mission and have significant and cost-effective impact in its three core areas of focus.
Page 2
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **Objectives and activities (continued)**
## **b. Strategies for achieving objectives**
Our main strategic objectives for 2020 were to further develop and deliver the Amy Winehouse Foundation's own projects and programmes, with a focus on the areas where we have had most impact since our inception. These are:
- ‘The Amy Winehouse Foundation Resilience Programme’ - providing drug and alcohol education and support in secondary schools and other educational settings.
- ‘Amy’s Place’ - a recovery housing project delivered in partnership with Clarion Housing Group.
- • ‘The Amy Winehouse Foundation Recovery Pathways Programme for Young People’ - providing counselling, support and signposting for young people struggling with substance misuse and providing residential treatment placements with Phoenix Futures to support those needing assistance to overcome more entrenched drug and alcohol issues.
We have proven success in partnership working and continue to identify gaps in provision through research and explore how to work with others to solve problems within our key areas of focus. We also look to develop funding partners who have an affiliation with our work and who can help with our future funding. We look to develop the income and fund generation work which is completed through Amy Winehouse Foundation Trading Ltd, which through partnership contracts and events has consistently raised more than £100,000 per annum.
We maintain our key objectives:
- To continue delivery and development of the ‘Amy Winehouse Foundation Resilience Programme’, a drug and alcohol awareness programme working primarily with secondary schools and colleges, but also with Pupil Referral Units and APs (Alternative Provisions). A 5 year independent evaluation of the programme, completed in 2019, led to recommendations that the programme should continue. Since April 2019 AWF have continued to support the Programme and have also sought funds from trusts and foundations. We continue to seek external funding to support future delivery of the programme which continues to demonstrate high levels of effectiveness and is highly valued by the educational settings in which it works.
- To continue with ‘Amy’s Place’, our Recovery Housing Programme for young women; working with our delivery partners Clarion Housing Group and residents, to refine the delivery model and to continuously monitor and improve outcomes. We secured three year funding from The National Lottery Community fund (TNLCF) of £499,094 until March 2022 and we continue to look at longer term funding and programme development.
- To continue our ‘Recovery Pathways Programme’, providing counselling and support for young people struggling with substance misuse. Working with treatment charity Phoenix Futures, this programme also provides treatment placements for young people in need of residential rehabilitation for drug and alcohol dependency.
- We fund a limited number of specific ‘Amy’ named therapeutic music programmes in the UK, Jamaica and Saint Lucia.
Additionally, we use the evidence base we develop in all programmes to influence those who can create change, reduce stigma and change people’s perceptions about young people.
Page 3
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **Objectives and activities (continued)**
## **c. Activities undertaken to achieve objectives**
Total consolidated group income was £630,572.
In early March 2020, the knowledge of a global epidemic was growing, whilst the impact it was to inflict across the world was only just commencing. Few of us could have foreseen the changes that would be necessary in organisational and individual activities, nor the extremes of support in health care and finances that would prove essential to our eventual continuance. This charity, defined as a small charity has demonstrated that the strategies in place were resilient and enabled the flexibility required of such an event. Our finances remained secure; our risk assessments developed alongside government guidelines, allowing staff to work in a safe manner; our staff capacity was supported by the government furlough scheme; our operational procedures adapted to remote and more flexible working; our IT systems were developed towards increased digital access and security. Overall, some of our activities were more limited, but our objectives remained the same and we avoided closures and cancellations of projects, whilst adapting to change.
During the period, the group generated unrestricted income of £470,770 and restricted income of £159,802. The charity incurred unrestricted expenditure of £363,484 and restricted expenditure of £165,931 creating a net surplus in reserves of £101,157. Closing reserves therefore stood at £858,992 of which £21,218 is considered for a restricted purpose.
The charity received £50,256 in government grants relating to the Coronavirus Job Retention Scheme.
The charity received £203,142 in unrestricted donations.
Amy’s Place’, our recovery housing project for young women, has benefited hugely through the support of The National Lottery Community Fund (TNLCF) who are providing 3 years funding support to March 2022, the second tranche of which is reported within these accounts for £159,802. One of the key aspects of this funding has been to facilitate monitoring and evaluation and provide us with excellent resources from which we can learn and which we can share with providers and government to continually improve our understanding of the recovery pathways for young women. In 2020 we provided safe supported accommodation for 21 residents. Within the calendar year 10 moved successfully to independent living.
The Amy Winehouse Resilience Programme was designed to work through schools, colleges and community settings to reach young people, informing them of the risks associated with substance misuse in a meaningful and supportive manner. We have worked with focus groups, parents, guardians and teachers to be sure that we understand how young people live their lives and to monitor the newest approaches and best practice. The programme helps young people to learn coping skills and to recognise the importance of building emotional resilience, which has become a key message from the mental stress brought about by the pandemic. Traditionally delivered in person by dedicated staff and volunteers, we successfully pivoted the Programme during the pandemic to develop an online model in order to adapt to the needs of schools and to be able to continue providing support to young people at this critical time in their lives.
Despite the schools closure, and the part-time furloughing of staff, in 2020 we delivered Resilience Programme sessions to more than 10,000 pupils and young people in England, mostly working with small groups in order to maintain quality and effectiveness of delivery. Resilience Programme activities generated £7,116 income during the year.
The ‘Amy Winehouse Foundation Recovery Pathways Programme’ directly supported 42 young people. It provided nine 12-week residential rehabilitation placements and also provided 194 hours of counselling support and signposting for young people struggling with drugs, alcohol and other mental health issues. For many young people we have worked with, we have also supported surrounding family members for the trauma they have experienced through addiction. 19 family members have received ongoing support as well as the young
Page 4
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **Objectives and activities (continued)**
people who have entered into treatment. This work is funded by AWF and benefits from subsidised treatment placements from treatment charity Phoenix Futures.
The charity continues to provide music therapy for children with disabilities and life limiting illnesses and music tuition for children from disadvantaged socio economic backgrounds.
The charity received £253,634 income from its trading subsidiary. This income was largely represented by royalty income received from Fred Perry in respect of the sale of authorised merchandise. The contractual right to receive income from Fred Perry was gifted to the charity by the beneficiaries of the Estate of Amy Winehouse.
In generating these funds, the trading subsidiary incurred costs of £104,870, which were largely represented by premises costs and salaries as set out in note 6 to the accounts.
In addition to our programmes detailed below, the charity also donated and/or pledged £18,017 to ‘Amy’/’AWF’ named projects supporting young people in our core areas of focus. Our aims were to:
- Provide support for those most vulnerable, those at high risk of misuse, or disadvantaged through circumstance.
- Support personal development of disadvantaged young people through music.
We have retained a significant reserve at the year end to ensure we are able to meet our obligations to our own programmes for the next year i.e. the continuation of the Resilience Programme, the sustainability of Amy’s Place beyond the National Lottery Community Funding and further development of the Recovery Pathways Programme.
Page 5
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **Objectives and activities (continued)**
## **d. Amy Winehouse Foundation Programmes 2020**
## **Amy’s Place Recovery Housing**
The 2020 pandemic restrictions presented challenges for working practices beyond that which anyone would have thought – but to which the team successfully responded and overcame. The staff team worked both at Amy’s Place and some days remotely, with staggered timings in order to comply with social distancing guidelines.
A total of 21 young women resided at Amy’s Place during the year. In this period 10 women successfully moved on to independent living and a further 4 moved on to alternative supported living.
There were only two early departures – one person relapsed and was admitted to rehab and there was one eviction.
In September 2020 the independent evaluation team spoke with residents to explore their experience of lockdown. The overall response was very positive in that it was felt that the community had been brought together and there had been huge social benefits. A feeling of solidarity had emerged despite external challenges. Much of the external evaluation was conducted remotely due to Covid-19 restrictions but included interviews with residents past and present. The predominant theme of the evaluation this year was ‘connection’ and provided positive insights in a year when most people became physically disconnected.
In October we developed an online version of the ‘Residents’ Feedback’ questionnaire so that residents can now provide anonymous feedback without the need for handling and processing of paper documents. The questionnaire was circulated for the first time in October and we appear to be receiving more honest and open feedback. Whilst we review the feedback quarterly, the data from these questionnaires will be analysed at the end of our reporting year and will be fed into our end of year funding report to The National Lottery Community Fund, which is currently coming to the end of year 2 in a 3-year funding programme.
Our KPI’s for 2020 show outcomes of 93% maintained abstinence against a target of 80%. 100% of residents remain engaged in at least one meaningful activity, either at Amy’s Place, or outside of Amy’s Place or in the community (education, training, volunteering, apprenticeship or employment).
100% of our residents during 2020 had experienced domestic abuse in their former lives. Aside from the support our residents receive in their ongoing recovery, they also expressed gratitude for being in a safe place:
_“I think that’s why Amy’s Place is so relevant, cos even if you get sober and even if you are talking about this stuff, you still need the support network and the safe place to be. Kind of like teasing the knots about everything that has happened, cos we can all tell our story and the atrocities that we have faced but you really have to be in a safe environment to sit deep and press and be supported by the community which is nurturing with care and love.” (Amy’s Place resident)_
_“I think the world should take Amy’s Place as a prototype for a sense of community.” (Amy’s Place resident)_
Throughout this difficult period, with a reduced staff team due to shielding and health matters, Amy’s Place has continued to achieve consistently high levels of engagement and community involvement, with residents adapting well to online participation. We are very proud of this position after such challenging times for everyone. We are extremely grateful to The National Lottery Community Fund (TNLCF) for supporting this project and assisting us to provide a safe haven where young women can flourish.
We have an outline proposal for a second Amy’s Place, which, owing to the success of this programme, is a development that we would like to be furthering. This opportunity is entirely subject to funding availability and
Page 6
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **Objectives and activities (continued)**
our priority remains replacement of TNLCF funding which ends in Spring 2022.
## **Amy Winehouse Foundation Resilience Programme**
In 2020 our delivery in schools was severely curtailed as the Covid crisis developed and the schools were promptly closed. From Mid-March to September, no sessions were delivered in schools whilst lockdowns and school holidays were accommodated. During this period, staff were furloughed, however once flexible furloughing was permitted in July, we were able to spend time adapting the programme to develop online sessions which were delivered from September onwards. We also used this time to update our online materials, including a new guidance booklet for parents and teachers.
Working remotely has provided us with the opportunity to work with schools and colleges in locations which would have previously been outside our geographical reach. However these individual sessions are usually with much smaller groups of students than when we were delivering face-to-face. Working online means that both the quality and quantity of delivery often depends on the technical resources available within individual educational settings. Whilst there are sometimes technical issues (invariably with the schools’ equipment or broadband signal), we have been receiving positive feedback and requests for repeat bookings.
We have seen in particular a significant increase in delivery in places of higher education. Schools do seem to have experienced more challenges in scheduling their timetables. We find our delivery to smaller groups is very often targeted to young people who have been experiencing poor mental health. We have also been delivering training sessions to teachers, as schools become more aware of their responsibilities under the new RSE (Relationships and Sex Education) guidance.
Feedback received from teachers and parents has been extremely positive. Comments include:
- “I thought you were absolutely outstanding. The information you shared with parents was perfect and exactly what I envisaged they would get from the session. The way you explained the information to the parents was brilliant and I know they will have come away feeling really informed about how they can talk to their children about drugs and alcohol.”
- “We are continually impressed with you and what you have provided for drugs and alcohol provision for our students/parents, we absolutely want to work with you for future events.”
In addition to schools and colleges, we also engage with young people in other community settings. We continue to work with National Citizen Service schemes in various locations across the country where we engage primarily with 16-17 year olds.
We’re also looking at ways we can support more young people in different settings, not just educational settings. For example, we have delivered sessions both face-to-face and online to a group of children’s homes where there were issues with cannabis use. We have received good feedback from the homes and the sessions have had a positive impact on several of the young people involved.
We have also been working with the Premier League to deliver online sessions to Youth Leaders who themselves will be trained to identify issues and help young people.
## **Amy Winehouse Recovery Pathways Programme (Residential Rehab and Support)**
2020 was a very challenging year. Whilst locally commissioned drug and alcohol support services have been operating with reduced services due to staff shortages and lockdowns, we experienced a significant upturn in requests for support. Our counsellor has worked extremely hard with our beneficiaries and their families and continues to be key to this project, in helping to assess and work with clients. He has ensured that all parties
Page 7
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **Objectives and activities (continued)**
have been supported and kept informed during the intervention process and residential treatment application process (when applicable) and in many cases has also coordinated access to supported housing for those who have completed treatment.
The Covid crisis led to delays in admissions to residential treatment and many young people have had to isolate for 2 weeks, prior to beginning treatment. This has been a huge challenge for them and our counsellor’s support has proven invaluable.
We have experienced an increase in requests for help. Some have been from parents or other concerned family members and some have been for or from individuals over the age of 30. In these instances, we have provided signposting to other organisations. For those that have met our age criteria (18-30) we have been providing signposting, counselling and support.
Our programme manager has weekly meetings with our counsellor to monitor activities and outcomes.
## In 2020 we have:
- Directly supported 42 young people – 13 male, 29 female, providing 194 hours of counselling support
- • Supported 19 family members. For many young people we have worked with, we have also supported surrounding family members for the trauma they have experienced through addiction. Parents and siblings have had ongoing support as well as the young people who have entered into treatment.
- Signposted 5 people over age 30 or under age 18 to alternative support.
- Funded 12-week residential treatment placements for 9 young people – 2 male, 7 female.
## **Other programmes**
In 2020 the charity provided £18,017 in strategic grants to ‘Amy Winehouse’ named projects which furthered two of our key areas of focus:
- 1) To provide support for those most vulnerable, those at high risk of misuse or disadvantaged through circumstance. The charity has provided treatment and counselling for young people struggling with drug and alcohol misuse.
- 2) To support the personal development of disadvantaged young people, through music. The charity has provided music therapy for children with disabilities and life limiting illnesses and music tuition for children from disadvantaged socio – economic backgrounds.
## The projects are based in the UK and in the West Indies:
- ‘Amy’s Gift to Saint Lucia’ at Dunnottar School and the Boys’ Training Centre in Castries, St. Lucia.
- ‘Amy Winehouse Music Room’ at South Starz Academy in St Elizabeth, Jamaica.
- ‘The Amy Winehouse Foundation Music Room’ at Haven House Children’s Hospice in Woodford Green, Essex.
- ‘Amy Winehouse Foundation Recovery Pathways Programme’ at Phoenix Futures treatment facilities in Glasgow, Wirral and Sheffield.
AWF requires all grantees to comply with the terms of their grants as defined in their ‘Grant Letter’, which specifies the grant purpose and funding period, together with monitoring and evaluation requirements and AWF’s terms and conditions. Recipients must also provide a written Grant Report at the end of the funding period, to provide financial accounting, together with evidence of outputs and outcomes.
Page 8
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **Objectives and activities (continued)**
## **e. Staff and volunteers**
During this period, the charity employed one full time and one part-time member of staff at any one time in respect of administration and fundraising.
In respect of charitable activities, the charity employed a maximum of 8 full and part time members of staff at any one time and relied on voluntary support to carry out much of its work.
30 volunteers donated their time to charitable activities during the period. Volunteer roles were varied and included supporting ‘Resilience Programme’ sessions and activities at ‘Amy’s Place’, the charity’s recovery housing project for young women.
Due to school closures and the introduction of online sessions towards the end of the year, there were very few volunteer opportunities available for Resilience Programme, however 13 volunteers contributed 30 hours towards individual sessions in schools.
At Amy’s Place 17 volunteers contributed approximately 500 hours throughout the year. Activities included gardening, photography, cooking, personal training, art therapy, sound healing, reiki, counselling and nutritional therapy. Due to the pandemic many of these sessions were adapted to take place online. Within a couple of weeks, we were able to switch almost 70% of our sessions to online appointments. Thanks to the support and flexibility of our volunteers, we were able to continue to offer our residents online counselling, art therapy, sound healing, nutritional therapy, music therapy and yoga. Because of this, our residents received continuing support which was hugely appreciated during the pandemic.
In addition to the above, two members of the Winehouse family volunteered full-time for the charity.
We also wish to acknowledge the support of our dedicated fundraisers who held numerous ‘socially distanced’ and online events to raise funds to support our work. Notably, the ‘Amy’s Dream’ fundraising team raised £8,326 in support of the Amy Winehouse Foundation Music Room at Haven’s House Children’s Hospice, funding music therapy and musical equipment.
## **Financial review**
## **a. Going concern**
The financial statements have been prepared on the going concern basis on the basis that adequate cash resources will be available to cover the charitable company’s requirements for working capital and capital expenditure for at least twelve months from the date of approval.
In making this assessment, the Trustees have considered the effect of the outbreak of the Covid 19 pandemic since the year end and are satisfied that charity is protected from the associated risks as a result of having a strong reserves policy (see below) and a diverse range of income sources that are less sensitive to economic uncertainty. The charity has also been able to substantially scale back operations and reduce its overheads as a result of the national lockdown and associated social distancing measures.
Page 9
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **b. Reserves policy**
The charity’s reserves policy is to achieve and maintain an appropriate but not excessive level of reserves to support its activities, taking into account the risks to which it is exposed and existing and projected future levels of income and expenditure. To meet its objectives, the charity has agreed a budgeting and reserves policy that enables it to make appropriate strategic allocations of funds, while at the same time securing a sound financial base for future requirements. Decisions on the resources necessary both to deliver planned new activities and to sustain continuing commitments are based on the charity’s overall strategic needs. With the financial surplus in this financial year our strategic target for our level of reserves has been met and we have referred to this further in the review of activities for the charity.
The total funds held by the charity at the reporting date amounts to £858,992 (2019 - £757,835). Of these funds £837,774 (2019 - £730,488) are unrestricted funds and £21,218 (2019 - £27,347) are restricted funds. Restricted funds at the reporting date comprise amounts received from The National Lottery Community Fund to be spent in the first two months of the 2021 financial year on the Amy’s Place programme as the The National Lottery Community funding year runs from March to February.
## **Structure, governance and management**
## **a. Constitution**
Amy Winehouse Foundation is registered as a charitable company limited by guarantee and was set up on 11/08/2011 and is governed by its Memorandum and Articles of Association. Registered charity number: 1143740, company number: 07737209.
The charity has a trading subsidiary called The Amy Winehouse Foundation Trading Limited, which has the principal objective of carrying out fundraising activities on behalf of the Foundation as it aims to maximise income.
## **b. Management team structure**
The management of the charity and the group is the responsibility of the Trustees who are elected and co opted under the terms of the Articles of Association, on the recommendation of existing board members. All Trustees give of their time freely and are unremunerated. There are currently 10 Trustees holding office and these are listed on page 1. The Trustees meet every 8 to 10 weeks to review the performance of the charity and make any decisions necessary regarding governance.
The board of Trustees includes the charity’s founders, Amy’s father and his wife, Amy’s mother and her husband. The board includes trustees with a range of relevant skills and experience. This spread enables the board to ensure the charity can focus its work appropriately to Amy’s legacy while also being equipped with the relevant knowledge and experience to support the charity’s needs. Additional members are recruited by existing board members, by identifying skills gaps. The board includes a professor in voluntary sector management at Cass Business School providing valuable sector specific advice and guidance, particularly in the areas of fundraising and governance; a former mayor of Camden, who has been a loyal supporter of the charity since its inception; a founder and CEO of a wealth management company with extensive experience in global investment banking, a corporate lawyer, specialising in wealth management, financial services markets and regulation. During the year two new Trustees were appointed – an experienced philanthropy and fundraising manager and a writer/ broadcaster who has experience of addiction and mental health issues.
This team is brought together under the Managing Trusteeship of Jane Winehouse.
Page 10
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **Structure, governance and management (continued)**
## **c. Board committees'**
There are three subcommittees with specific responsibility to the Board of Trustees:
- Governance Committee
- Fundraising and Events Committee
- HR Committee
## **d. Induction and training**
All trustees receive an induction from the charity’s voluntary sector governance expert who has extensive experience of charitable boards. This includes an outline of roles & responsibilities, key duties, conflicts of interest, fundraising, protecting funds, and identifying risks. Existing board members also explain the internal process for grant making and developing internal processes. All Trustees complete ‘Declaration of Interests’ forms which are reviewed on an annual basis. Trustees are also made aware of the need to declare any potential conflicts of interest as they arise.
## **e. Related party relationships**
The Trustees are satisfied that all related party transactions have been identified, as disclosed in note 25 of the accounts. In conducting these transactions, the board have satisfied themselves that all transactions are undertaken in the best interests of the charity, usually at rates favourable to those in the wider market. The board confirm that they have complied with terms laid out in the Charities Act 2011 before entering into agreement with related parties and have paid due regard to guidance issued by the Charities Commission.
## **f. Risk assessment and control**
The Trustees have implemented robust procedures to ensure charity assets are adequately safeguarded. These are reviewed on a biannual basis as part of the internal risk assessment procedures. As part of this process, a risk register has been developed which identifies all potential major risks to the charity, its objectives and reputation. The responsibility for the prevention of each potential risk has been assigned to the appropriate member of the board of Trustees or staff team. Each risk is identified through a process of consultation. As additional risks are identified, these are added to the risk register and each item on the register is reviewed by the Board every 6 to12 months. The Trustees are thus satisfied that they have assessed the major risks to which the charity is exposed, in particular those related to operations, health and safety, safeguarding and finances, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
## **g. Trustees' indemnities**
The charity has purchased Trustees Indemnity Insurance in respect of claims for breach of professional duty of Trustees, the level of which is £500,000.
## **h. Public benefit**
The Trustees have ensured that they have complied with section 4 of the Charities Act 2011 and referred to the guidance contained in the Charity Commission’s general guidance on public benefit when developing their strategy to carry out the charity’s objects and in planning future charitable activities and grant-making policies.
Page 11
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **Plans for future periods**
The work we do and the way we do it is shaped by the needs of our beneficiaries. Through ongoing conversations, research and evaluations involving beneficiaries, our staff, volunteers and trustees, we identify gaps in provision and explore how to work with others to solve problems within our key areas of focus.
## **Our aims and objectives**
The past year has brought unprecedented challenges. The impact of COVID-19 has exposed widening cracks in services supporting young people and will likely bring new and increased pressures on the charitable sector. Our overarching aim is to continue to provide education, signposting and support for children and young people who fall between the gaps. Looking forward, we anticipate growing demand for our support and we will continue to involve our beneficiaries in shaping and developing our programmes so they remain relevant and effective in meeting their needs.
In the short term, whilst Covid-19 remains a significant threat, we will remain flexible in our approach to ways of working. We envisage maintaining a hybrid of face-to-face and online methods of delivering our programmes and will continue to consider digital opportunities for improvement where they exist.
## Specifically, we shall:
Explore opportunities through our Resilience Programme to reach young people in a wider range of community settings as well as schools and colleges, thus reaching children and young people with a more diverse range of needs and involving them in further development of the programme through focus groups and feedback. In this way we seek to keep the programme relevant to young people’s needs
Continue to deliver and develop our Amy’s Place programme in partnership with Clarion Housing Group. Through monitoring and evaluation and involving our residents, we seek to consistently improve outcomes.
Continue our work in supporting young people who are struggling with substance dependency and continue our agreement with Phoenix Futures as a programme partner.
Financially, we will prioritise the sustainability of our existing programmes. Fundraising methods used in previous years, such as live events, are likely to remain high-risk, so we shall focus our efforts on developing corporate partnerships and seeking funds from trusts and foundations with aligned interests and purpose. We shall continue to use our significant social media presence in order to bring awareness to the issues affecting young people, to provide signposting and to solicit donations in support of our work.
- Our longer term and ongoing objectives are:
- To collaborate and work with new and existing partners and beneficiaries to find better ways to help more young people
- To highlight issues and tackle stigma around mental health and/or problematic drug or alcohol use and provide signposting and support for young people and their carers.
- Ensuring financial sustainability for existing projects and to resource new projects
- Building our infrastructure and developing our staff and volunteers
Page 12
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the company 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 period. 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 Group and the company and of their incoming resources and application of resources, including their 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 judgments 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 Group will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the company 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 Group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Disclosure of information to auditors**
Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:
- so far as that Trustee is aware, there is no relevant audit information of which the charitable group's auditors are unaware, and
- that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable group's auditors are aware of that information.
## **Auditors**
The auditors, Wellers, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
|Approved
by
order
of|the|members|of|the|board|of|Trustees|on|
|---|---|---|---|---|---|---|---|---|
|_________________________________________________
23-09-21|||and|signed on their behalf||by:|||
|................................................|||||||||
|**Jane Winehouse**|||||||||
|(Trustee)|||||||||
Page 13
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AMY WINEHOUSE FOUNDATION**
## **Opinion**
We have audited the financial statements of Amy Winehouse Foundation (the 'parent charitable company') and its subsidiaries (the 'group') for the period ended 31 December 2020 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Company balance sheet, the Consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
## In our opinion the financial statements:
- give a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 31 December 2020 and of the Group's incoming resources and application of resources, including its income and expenditure for the period then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 28 to the financial statements, 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 Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Page 14
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
**AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AMY WINEHOUSE FOUNDATION (CONTINUED)**
## **Other information**
The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinion on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Trustees' report, which includes the directors' report prepared for company law purposes, for the financial year for which the financial statements are prepared is consistent with the financial statements.
- the directors' report included within the Trustees' report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 and Charities Act 2011 requires us to report to you if, in our opinion:
- the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent charitable company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of Trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the requirement to prepare a Strategic report.
Page 15
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
**(A company limited by guarantee)**
## **AMY WINEHOUSE FOUNDATION**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AMY WINEHOUSE FOUNDATION (CONTINUED)**
## **Responsibilities of trustees**
As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes 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 Group's and the parent charitable company'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 Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditors' 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 Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- Through consultation with management we obtained an understanding of the laws and regulations that could reasonably be expected to have a material effect on the financial statements.
- The outcome of these enquiries and the relevant laws and regulations were communicated throughout our team as well as consideration during team briefing on how fraud may occur in the charity.
- We identified the laws and regulations to have a direct effect on the financial statements as being the UK financial reporting standards, Charities Act, Employment Law, General Data Protection Regulations (GDPR). There were no additional fundamental laws and regulations identified related to the operating aspects of the business that may have a material effect on the financial statements.
- Audit procedures undertaken in response to the potential risks relating to irregularities comprised of: inquiries with management as to whether the charity complies with such laws and regulations, a review of board minutes and a review of the grant application and approval process.
No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
Page 16
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AMY WINEHOUSE FOUNDATION (CONTINUED)**
## **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, and to the charitable company's trustees, as a body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. 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 its members, as a body, for our audit work, for this report, or for the opinions we have formed.
## **Mr Ross Andrews (Senior statutory auditor)**
for and on behalf of
## **Wellers**
Accountants Statutory Auditors 8 King Edward Street Oxford OX1 4HL
Date: 27-09-21
Page 17
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION**
## **(A company limited by guarantee)**
## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD ENDED 31 DECEMBER 2020**
|**Note**
**Income from:**
Donations and legacies
4
Charitable activities
5
Other trading activities
6
**Total income**
**Expenditure on:**
Raising funds
7
Charitable activities
8
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2020**
**£**
**203,142**
**7,116**
**260,512**
**470,770**
**105,570**
**257,914**
**363,484**
**107,286**
**730,488**
**107,286**
**837,774**|**Restricted**
**funds**
**2020**
**£**
**159,802**
**-**
**-**
**159,802**
**-**
**165,931**
**165,931**
**(6,129)**
**27,347**
**(6,129)**
**21,218**|**Total**
**funds**
**2020**
**£**
**362,944**
**7,116**
**260,512**
**630,572**
**105,570**
**423,845**
**529,415**
**101,157**
**757,835**
**101,157**
**858,992**|_Total_
_funds_
_2019_
_£_
_289,493_
_92,493_
_288,425_
_670,411_
_121,563_
_562,016_
_683,579_
_(13,168)_
_771,003_
_(13,168)_
_757,835_|
|---|---|---|---|---|
The Consolidated statement of financial activities includes all gains and losses recognised in the period.
The notes on pages 24 to 46 form part of these financial statements.
Page 18
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee) REGISTERED NUMBER: 07737209**
## **CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2020**
|**Note**
**Fixed assets**
Tangible assets
14
Investments
15
**Current assets**
Stocks
16
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within one
year
18
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
19
Unrestricted funds
19
**Total funds**|**3,208**
**261,780**
**678,761**
**943,749**
**(84,759)**|**2020**
**£**
**-**
**2**
**2**
**858,990**
**858,992**
**858,992**
**858,992**
**21,218**
**837,774**
**858,992**|_3,303_
_286,963_
_594,604_
_884,870_
_(127,403)_|_2019_
_£_
_366_
_2_|
|---|---|---|---|---|
|||||_368_
_757,467_|
|||||_757,835_|
|||||_757,835_|
||||||
|||||_757,835_|
|||||_27,347_
_730,488_|
||||||
|||||_757,835_|
Page 19
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
# **AMY WINEHOUSE FOUNDATION (A company limited by guarantee) REGISTERED NUMBER: 07737209**
# **CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2020**
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
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 23-09-21 _________________________________________________ and signed on their behalf by:
**Jane Winehouse** (Trustee)
The notes on pages 24 to 46 form part of these financial statements.
Page 20
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee) REGISTERED NUMBER: 07737209**
## **COMPANY BALANCE SHEET AS AT 31 DECEMBER 2020**
|**2020**
**Note**
**£**
**Fixed assets**
Investments
15
**3**
**3**
**Current assets**
Debtors
17
**268,716**
_401,102_
Cash at bank and in hand
**657,371**
_468,862_
**926,087**
_869,964_
Creditors: amounts falling due within one
year
18
**(67,098)**
_(112,132)_
**Net current assets**
**858,989**
**Total assets less current liabilities**
**858,992**
**Net assets excluding pension asset**
**858,992**
**Total net assets**
**858,992**
**Charity funds**
Restricted funds
19
**-**
Unrestricted funds
19
**858,992**
**Total funds**
**858,992**
The
company's
net
movement
in
funds
for
the
period
was
_£_101,157
_(2019_|_2019_
_£_
_3_
_3_
_757,832_
_757,835_
_757,835_
_757,835_
_27,347_
_730,488_
_757,835_
_-_
_£(13,168))_.|
|---|---|
Page 21
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
# **AMY WINEHOUSE FOUNDATION (A company limited by guarantee) REGISTERED NUMBER: 07737209**
# **COMPANY BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2020**
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
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 23-09-21 _________________________________________________ and signed on their behalf by:
**Jane Winehouse** (Trustee)
The notes on pages 24 to 46 form part of these financial statements.
Page 22
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION**
## **(A company limited by guarantee)**
## **CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 DECEMBER 2020**
|**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
**Net cash provided by investing activities**
**Cash flows from financing activities**
**Net cash provided by financing activities**
**Change in cash and cash equivalents in the period**
Cash and cash equivalents at the beginning of the period
**Cash and cash equivalents at the end of the period**
The notes on pages 24 to 46 form part of these financial statements|**2020**
**£**
**84,156**
**-**
**-**
**84,156**
**594,604**
**678,760**|_2019_
_£_
_(34,678)_
**-**
**-**
**(34,678)**
_629,282_
_594,604_|
|---|---|---|
Page 23
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
**AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **1. General information**
Amy Winehouse Foundation is a private limited company by guarantee incorporated in England and Wales. The address of the registered office is 5a Bear Lane, London, SE1 0UH.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Amy Winehouse Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The Consolidated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the company and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.
The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of financial activities in these financial statements.
## **2.2 Going concern**
The key method for assessing going concern is through a careful planning and forecasting process during which the Trustees consider committed and planned expenditure in the context of current reserves and the sensitivity of future income streams. In this way, the planning process considers the risks associated with the charity's delivery plan which allows the Trustees to appropriately manage cash reserves.
In this way, the Trustees have carefully assessed the ongoing working capital demands of the business for a twelve month period from the date of approval of these financial statements and whilst full financial implications of the pandemic are not yet known, based on the current financial position, the Charity is in a position to withstand its financial impact. The Trustees are therefore satisfied that liabilities can be met as they fall due and accordingly, present these accounts on a going concern basis.
Page 24
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
**AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **2. Accounting policies (continued)**
## **2.3 Income**
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. In this context, the company recognises donations on the date of receipt.
The charity recognises income in respect of its activities at the date at which it is contractually obliged to receive the income, usually at the date services are rendered.
The recognition of income from royalties is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a royalty exists when the company has sufficient evidence that a royalty has accrued (through knowledge of the existence of a valid contract and the existence of an event resulting in a liability of the licensee). Receipt of a royalty must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the company, can be reliably measured.
Grants are included in the Consolidated statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
## **2.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. 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 Group 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 Group's objectives, as well as any associated support costs.
Grants payable are charged in the period when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the period end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page 25
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
**AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **2. Accounting policies (continued)**
## **2.5 Government grants**
Government grants are credited to the Consolidated statement of financial activities as the related expenditure is incurred.
## **2.6 Taxation**
The company 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 company 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.
## **2.7 Tangible fixed assets and depreciation**
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
|Short-term leasehold property|- Over the lease period of 5 years|
|---|---|
|Fixtures and fittings|- 25% Straight Line|
|Office equipment|- 25% straight line|
## **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 Balance sheet 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 Consolidated statement of financial activities.
Investments in subsidiaries are valued at cost less provision for impairment.
## **2.9 Stocks**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Page 26
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
**AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **2. Accounting policies (continued)**
## **2.10 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.11 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.
## **2.12 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated statement of financial activities as a finance cost.
## **2.13 Financial instruments**
The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.14 Operating leases**
Rentals paid under operating leases are charged to the Consolidated statement of financial activities on a straight line basis over the lease term.
## **2.15 Pensions**
The Group contributes into a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the period.
Page 27
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
**AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **2. Accounting policies (continued)**
## **2.16 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 Group 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.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **3. Critical accounting estimates and areas of judgment**
Estimates and judgments 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.
Critical accounting estimates and assumptions:
The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year relate to accruals.
Critical areas of judgement:
Key judgements that have the most significant effect on the amounts recognised in the financial statements relate to the basis on which support costs are split across charitable activities as detailed in note 9.
Page 28
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **4. Income from donations and legacies**
|**Unrestricted**
**funds**
**2020**
**£**
Donations
152,886
Grants
50,256
203,142
_Unrestricted_
_funds_
_2019_
_£_
Donations
_122,987_
Grants
_-_
_122,987_|**Restricted**
**funds**
**2020**
**£**
-
159,802
159,802
_Restricted_
_funds_
_2019_
_£_
_-_
_166,506_
_166,506_|**Total**
**funds**
**2020**
**£**
**152,886**
**210,058**|
|---|---|---|
|||**362,944**|
|||_Total_
_funds_
_2019_
_£_
_122,987_
_166,506_|
|||_289,493_|
Page 29
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **5. Income from charitable activities**
|**Unrestricted**
**funds**
**2020**
**£**
AWF Resilience Programme
7,116
_Unrestricted_
_funds_
_2019_
_£_
AWF Resilience Programme
_92,493_|**Total**
**funds**
**2020**
**£**
**7,116**|
|---|---|
||_Total_
_funds_
_2019_
_£_
_92,493_|
Page 30
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **6. Income from other trading activities**
|**Unrestricted**
**funds**
**2020**
**£**
Fundraising income
260,512
_Unrestricted_
_funds_
_2019_
_£_
Fundraising income
_288,425_
**7.**
**Fundraising costs**
**2020**
**£**
Fundraising costs
**3,692**
Contribution to support and establishment costs
**78,179**
Contribution to wages and salaries
**23,333**
Depreciation
**366**
**105,570**|**Total**
**funds**
**2020**
**£**
**260,512**|
|---|---|
||_Total_
_funds_
_2019_
_£_
_288,425_|
||_2019_
_£_
_20,884_
_79,749_
_19,581_
_1,349_|
||_121,563_|
Page 31
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **8. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|**Unrestricted**
**funds**
**2020**
**£**
AWF Recovery Pathways
37,878
Disadvantaged young people
800
AWF Music
15,795
AWF Resilience Programme
180,194
Amy's Place Recovery Housing
23,247
257,914
_Unrestricted_
_funds_
_2019_
_£_
AWF Recovery Pathways
_86,267_
AWF Music
_26,084_
AWF Resilience Programme
_268,401_
Amy's Place Recovery Housing
_42,105_
_422,857_|**Restricted**
**funds**
**2020**
**£**
-
-
-
-
165,931
165,931
_Restricted_
_funds_
_2019_
_£_
_-_
_-_
_-_
_139,159_
_139,159_|**Total**
**funds**
**2020**
**£**
**37,878**
**800**
**15,795**
**180,194**
**189,178**|
|---|---|---|
|||**423,845**|
|||_Total_
_funds_
_2019_
_£_
_86,267_
_26,084_
_268,401_
_181,264_|
|||_562,016_|
See note 9 for analysis of expenditure into direct and support activities.
Page 32
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **9. Analysis of expenditure by activities**
|AWF Recovery Pathways
Disadvantaged young people
AWF Music
AWF Resilience Programme
Amy's Place Recovery Housing|**Activities**
**undertaken**
**directly**
**2020**
**£**
8,561
-
-
138,351
165,931
312,843|**Grant**
**funding of**
**activities**
**2020**
**£**
10,720
800
6,497
-
-
18,017|**Support**
**costs**
**2020**
**£**
18,597
-
9,298
41,843
23,247
92,985|**Total**
**funds**
**2020**
**£**
**37,878**
**800**
**15,795**
**180,194**
**189,178**|
|---|---|---|---|---|
|||||**423,845**|
|AWF Recovery Pathways
AWF Music
AWF Resilience Programme
Amy's Place Recovery Housing|_Activities_
_undertaken_
_directly_
_2019_
_£_
_10,437_
_542_
_236,610_
_162,922_
_410,511_|_Grant_
_funding of_
_activities_
_2019_
_£_
_60,000_
_18,213_
_-_
_-_
_78,213_|_Support_
_costs_
_2019_
_£_
_15,830_
_7,329_
_31,791_
_18,342_
_73,292_|_Total_
_funds_
_2019_
_£_
_86,267_
_26,084_
_268,401_
_181,264_|
|---|---|---|---|---|
|||||_562,016_|
Page 33
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Staff costs
Direct projects costs
Staff costs
Direct projects costs
Fundraising costs|**Drug and**
**alcohol**
**support**
**2020**
**£**
-
8,561
8,561
_Drug and_
_alcohol_
_support_
_2019_
_£_
_-_
_9,862_
_575_
_10,437_|**AWF Music**
**2020**
**£**
-
-
-
_AWF Music_
_2019_
_£_
_-_
_254_
_288_
_542_|**AWF**
**Resilience**
**Programme**
**2020**
**Amy's Place**
**Recovery**
**Housing**
**2020**
**£**
**£**
130,421
-
7,930
165,931
138,351
165,931
_AWF_
_Resilience_
_Programme_
_2019_
_Amy's Place_
_Recovery_
_Housing_
_2019_
_£_
_£_
_219,070_
_-_
_16,246_
_162,204_
_1,294_
_719_
_236,610_
_162,923_|**Total**
**funds**
**2020**
**£**
**130,421**
**182,422**|
|---|---|---|---|---|
|||||**312,843**|
|||||_Total_
_funds_
_2019_
_£_
_219,070_
_188,566_
_2,876_|
|||||_410,512_|
Page 34
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
**AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Staff costs
Subscriptions
Printing, postage and stationery
Telephone and computer
charges
Establishment and general
office expenses
Accountancy fees
Bank charges
Governance costs
Staff costs
Subscriptions
Printing, postage and stationery
Telephone and computer
charges
Establishment and general
office expenses
Accountancy fees
Bank charges
Governance costs|**Drug and**
**alcohol**
**support**
**2020**
**£**
6,579
219
106
236
2,986
1,542
535
6,394
18,597
_Drug and_
_alcohol_
_support_
_2019_
_£_
_6,979_
_135_
_594_
_200_
_4,168_
_20_
_476_
_3,258_
_15,830_|**AWF Music**
**2020**
**£**
3,288
110
53
118
1,493
771
268
3,197
9,298
_AWF Music_
_2019_
_£_
_3,490_
_67_
_297_
_100_
_2,084_
_10_
_238_
_1,043_
_7,329_|**AWF**
**Resilience**
**Programme**
**2020**
**Amy's Place**
**Recovery**
**Housing**
**2020**
**£**
**£**
14,800
8,222
493
274
238
132
532
295
6,719
3,733
3,470
1,928
1,204
669
14,387
7,993
41,843
23,246
_AWF_
_Resilience_
_Programme_
_2019_
_Amy's Place_
_Recovery_
_Housing_
_2019_
_£_
_£_
_15,704_
_8,725_
_303_
_169_
_1,336_
_742_
_449_
_250_
_9,377_
_5,209_
_45_
_25_
_1,072_
_595_
_3,505_
_2,627_
_31,791_
_18,342_|**Total**
**funds**
**2020**
**£**
**32,889**
**1,096**
**529**
**1,181**
**14,931**
**7,711**
**2,676**
**31,971**|
|---|---|---|---|---|
|||||**92,984**|
|||||_Total_
_funds_
_2019_
_£_
_34,898_
_674_
_2,969_
_999_
_20,838_
_100_
_2,381_
_10,433_|
|||||_73,292_|
Page 35
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **9. Analysis of expenditure by activities (continued)**
Support costs have been apportioned across the charitable programmes as follows, on the basis of time spent by support staff across the activities: Drug and alcohol support - 20% AWF Music - 10%
AWF Resilience Programme - 45% Amy's Place Recovery Housing - 25%
## **10. Analysis of grants**
|AWF Recovery Pathways
Disadvantaged young people
AWF Music|**Grants to**
**Institutions**
**2020**
**£**
10,720
800
6,497
18,017|**Total**
**funds**
**2020**
**£**
**10,720**
**800**
**6,497**|
|---|---|---|
|||**18,017**|
An analysis of the organisations benefiting from the above grants are detailed in the Trustees report.
|Drug and alcohol support
AWF Music
**Auditors' remuneration**
Fees payable to the company's auditor for the audit of the company's
annual accounts|_Grants to_
_Institutions_
_2019_
_£_
_60,000_
_18,213_
_78,213_
**2020**
**£**
**10,200**|_Total_
_funds_
_2019_
_£_
_60,000_
_18,213_|
|---|---|---|
|||_78,213_|
|||_2019_
_£_
_10,200_|
## **11. Auditors' remuneration**
Page 36
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **12. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes|**Group**
**2020**
**£**
**168,981**
**13,992**
**3,668**
**186,641**|_Group_
_2019_
_£_
_248,204_
_20,475_
_4,868_
_273,547_|**Company**
**2020**
**£**
**168,981**
**13,992**
**3,668**
**186,641**|_Company_
_2019_
_£_
_248,204_
_20,475_
_4,868_|
|---|---|---|---|---|
|||||_273,547_|
The average number of persons employed by the company during the period was as follows:
|Administration
Fundraising
Management
Charitable activities|**Group**
**2020**
**No.**
**1**
**1**
**1**
**4**
**7**|_Group_
_2019_
_No._
_1_
_1_
_1_
_5_|
|---|---|---|
||||
|||_8_|
No employee received remuneration amounting to more than £60,000 in either year.
## **13. Trustees' remuneration and expenses**
During the period, no Trustees received any remuneration or other benefits _(2019 - £NIL)_ .
During the period ended 31 December 2020, no Trustee expenses have been incurred _(2019 - £NIL)_ .
Page 37
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **14. Tangible fixed assets**
## **Group and Company**
|**Cost or valuation**
At 1 January 2020
At 31 December 2020
**Depreciation**
At 1 January 2020
Charge for the period
At 31 December 2020
**Net book value**
At 31 December 2020
_At 31 December 2019_|**Short-term**
**leasehold**
**property**
**£**
**7,287**
**7,287**
**7,287**
**-**
**7,287**
**-**
_-_|**Fixtures and**
**fittings**
**£**
**14,962**
**14,962**
**14,962**
**-**
**14,962**
**-**
_-_|**Office**
**equipment**
**£**
**1,464**
**1,464**
**1,098**
**366**
**1,464**
**-**
_366_|**Total**
**£**
**23,713**|
|---|---|---|---|---|
|||||**23,713**|
|||||**23,347**
**366**|
|||||**23,713**|
|||||**-**|
|||||_366_|
Page 38
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
|**NOTES TO THE FINANCIAL STATEMENTS**
**FOR THE PERIOD ENDED 31 DECEMBER 2020**||
|---|---|
|**15.**
**Fixed asset investments**
**Group**
**Cost or valuation**
At 1 January 2020
At 31 December 2020
**Net book value**
At 31 December 2020
_At 31 December 2019_
**Company**
**Cost or valuation**
At 1 January 2020
At 31 December 2020
**Net book value**
At 31 December 2020
_At 31 December 2019_|**Investments**
**in**
**subsidiary**
**companies**
**£**
**2**
**2**
**2**
_2_
**Investments**
**in**
**subsidiary**
**companies**
**£**
**3**
**3**
**3**
_3_|
Page 39
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **15. Fixed asset investments (continued)**
## **Principal subsidiaries**
The following were subsidiary undertakings of the company:
|**Names**|**Company**|**Holding**|**Included in**|
|---|---|---|---|
||**number**||**consolidation**|
|The Amy Winehouse Foundation Trading Limited|07796128|100%|Yes|
|Amy Winehouse Foundation Music Limited|09860695|100%|No|
|Amy Winehouse Foundation Recovery Housing Limited|10035959|100%|No|
|The financial results of the subsidiaries for the year were:||||
|**Names**|**Income**|**Expenditure**|**Net assets**|
||**£**|**£**|**£**|
|The Amy Winehouse Foundation Trading Limited|**260,512**|**(260,512)**|**1**|
Amy Winehouse Foundation Music Limited and Amy Winehouse Foundation Recovery Housing Limited have not been included within the consolidation as these are dormant entities.
Page 40
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **16. Stocks**
||**Group**|_Group_|
|---|---|---|
||**2020**|_2019_|
||**£**|_£_|
|Finished goods and goods for resale|**3,208**|_3,303_|
## **17. Debtors**
|**Due within one year**
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income|**Group**
**2020**
**£**
**1,198**
**-**
**949**
**259,633**
**261,780**|_Group_
_2019_
_£_
_1,126_
_-_
_846_
_284,991_
_286,963_|**Company**
**2020**
**£**
**955**
**261,762**
**-**
**5,999**
**268,716**|_Company_
_2019_
_£_
_1,126_
_399,976_
_-_
_-_|
|---|---|---|---|---|
||||||
|||||_401,102_|
## **18. Creditors: Amounts falling due within one year**
|Trade creditors
Other taxation and social security
Pension fund loan payable
Other creditors
Accruals and deferred income|**Group**
**2020**
**£**
**55,703**
**2,682**
**-**
**74**
**26,300**
**84,759**|_Group_
_2019_
_£_
_50,647_
_6,396_
_1,153_
_820_
_68,387_
_127,403_|**Company**
**2020**
**£**
**49,142**
**2,682**
**-**
**74**
**15,200**
**67,098**|_Company_
_2019_
_£_
_43,176_
_6,396_
_1,153_
_820_
_60,587_|
|---|---|---|---|---|
||||||
|||||_112,132_|
Page 41
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **19. Statement of funds**
## **Statement of funds - current period**
|**Balance at 1**
**January**
**2020**
**£**
**Designated funds**
AWF Recovery Pathways
**-**
Amy's Place Recovery Housing
**-**
**General funds**
General Funds - all funds
**730,488**
**Total Unrestricted funds**
**730,488**
**Restricted funds**
National Lottery Community
Fund - Amy's Place
**27,347**
**Total of funds**
**757,835**|**Income**
**£**
**Expenditure**
**£**
**-**
**-**
**-**
**-**
**470,770**
**(363,484)**
**470,770**
**(363,484)**
**159,802**
**(165,931)**
**630,572**
**(529,415)**|**Transfers**
**in/out**
**£**
**45,000**
**270,000**
**(315,000)**
**-**
**-**
**-**|**Balance at**
**31**
**December**
**2020**
**£**
**45,000**
**270,000**
**522,774**|
|---|---|---|---|
||||**837,774**|
||||**21,218**|
||||**858,992**|
The Covid19 pandemic throughout 2020 has clearly demonstrated how uncertain the future can be, particularly for charities working with vulnerable people. This uncertainty has understandably driven a more precautionary approach to our reserves expenditure and our trustees have recognised that now is the time for sound and careful financial management and constructive governance. We have therefore taken the step of designating funds for our key projects to demonstrate our forward-looking management view of project sustainability whilst also recognising our commitment to our valuable trained staff and funders.
‘Amy's Place’ provides recovery housing for young women and has proven to be a success story in both partnership working and delivery of excellent results. Residents’ tenancies last up to 2 years, so it is a priority for us to ensure funding for this project in the longer term. We will receive our final tranche of funds from The National Lottery Community Fund in September 2021 so have allocated a value from our 2020 reserves of £270,000 to maintain a position of security from which to seek contributory funds for the coming three to five years.
The Amy Winehouse Recovery Pathways Programme provides counselling and/or residential rehab for young people who are often in desperate need. The project has been built through long-term work with trusted counsellors and treatment partners and has identified the need for support for close family members as well as those in treatment. The programme has experienced an increase in demand over the past year. We have designated £45,000 for 2021 to secure funding for residential treatment placements in addition to our budget for counselling.
Page 42
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **19. Statement of funds (continued)**
## **Statement of funds - prior period**
|**Unrestricted funds**
General Funds - all funds
**Restricted funds**
National Lottery Community Fund - Amy's
Place
**Total of funds**|_Balance at_
_1 January_
_2019_
_£_
_771,004_
_-_
_771,004_|_Income_
_£_
_503,904_
_166,506_
_670,410_|_Expenditure_
_£_
_(544,420)_
_(139,159)_
_(683,579)_|_Balance at_
_31_
_December_
_2019_
_£_
_730,488_|
|---|---|---|---|---|
|||||_27,347_|
|||||_757,835_|
Page 43
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **20. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|**Unrestricted**
**funds**
**2020**
**£**
Fixed asset investments
2
Current assets
922,531
Creditors due within one year
(84,759)
**Total**
837,774
**Analysis of net assets between funds - prior period**
_Unrestricted_
_funds_
_2019_
_£_
Tangible fixed assets
_366_
Fixed asset investments
_2_
Current assets
_857,523_
Creditors due within one year
_(127,403)_
**Total**
_730,488_|**Restricted**
**funds**
**2020**
**£**
-
21,218
-
21,218
_Restricted_
_funds_
_2019_
_£_
_-_
_-_
_27,347_
_-_
_27,347_|**Total**
**funds**
**2020**
**£**
**2**
**943,749**
**(84,759)**
**858,992**
_Total_
_funds_
_2019_
_£_
_366_
_2_
_884,870_
_(127,403)_
_757,835_|
|---|---|---|
Page 44
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **21. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net income/expenditure for the period (as per Statement
Activities)
**Adjustments for:**
Depreciation charges
Decrease in stocks
Decrease/(increase) in debtors
Increase/(decrease) in creditors
**Net cash provided by/(used in) operating activities**
**22.**
**Analysis of cash and cash equivalents**
Cash in hand
**Total cash and cash equivalents**
**23.**
**Analysis of changes in net debt**
Cash at bank and in hand
Debt due within 1 year|of Financial
**At 1**
**January**
**2020**
**£**
**594,604**
**(1,153)**
**593,451**|**Group**
**2020**
**£**
**101,157**
**366**
**95**
**25,183**
**(42,645)**
**84,156**
**Group**
**2020**
**£**
**678,760**
**678,760**
**Cash flows**
**£**
**-**
**1,153**
**1,153**|_Group_
_2019_
_£_
_(13,168)_
_1,346_
_1,577_
_(54,848)_
_30,414_
_(34,679)_
_Group_
_2019_
_£_
_594,604_
_594,604_
**At 31**
**December**
**2020**
**£**
**594,604**
**-**
**594,604**|
|---|---|---|---|
Page 45
DocuSign Envelope ID: 31123685-F272-47B5-B9EA-7395A8523AE0
## **AMY WINEHOUSE FOUNDATION (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
## **24. Pension commitments**
The group contributes into a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £3,668 (2019 - £4,868). Contributions totaling £0 (2019 - £1,153) were payable to the fund at the balance sheet date and are included in creditors.
## **25. Operating lease commitments**
The Group and the company had no commitments under non-cancellable operating leases at 31 December 2020.
## **26. Related party transactions**
During the year The Amy Winehouse Foundation and its subsidiaries made payments to Prager Metis, an entity with which Margaret Cody (a trustee) is connected in respect of accounting services for the period totaling £10,531 (2019 - £9,798).
At the balance sheet date The Amy Winehouse Foundation Trading Limited owed £255,101 (2019 - £399,975) to The Amy Winehouse Foundation its immediate parent undertaking.
## **27. Controlling party**
No one person had overall control of the charity or the subsidiary in the current or prior period.
## **28. Provisions available for audits of small entities**
In common with many other businesses of our size and nature we use our auditors to assist with the preparation of the financial statements.
Page 46