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2021-12-31-accounts

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

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 2021

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

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 - 15
Independent auditors' report on the financial statements 16 - 19
Consolidated statement of financial activities 20
Consolidated balance sheet 21 - 22
Company balance sheet 23 - 24
Consolidated statement of cash flows 25
Notes to the financial statements 26 - 48

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

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 2021

Trustees Mitchell Winehouse, Chair
Janis Winehouse-Collins
Jane Winehouse
Richard Collins (passed 27 April 2022)
Jonathan Simpson
Yogesh Kumar Dewan (resigned 24 March 2022)
Barry Michael Yin
Stephen Lee
Michael Winehouse
Melissa Rice
Michael Collins (appointed 21 February 2022)
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

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DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT FOR THE PERIOD ENDED 31 DECEMBER 2021

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 2021. 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 and strategies for achieving objectives

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:

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:

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DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2021

Objectives and activities (continued)

b. Strategies for achieving objectives

Our main strategic objectives for 2021 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:

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 £200,000 per annum.

We maintain our key objectives:

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.

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DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2021

Objectives and activities (continued)

c. Activities undertaken to achieve objectives

Total consolidated group income was £778,975.

2021 saw the ten-year anniversary of Amy’s death. Media attention grew and the family managed not only their own sadness, but also the responsibility of involvement in two BBC Documentaries, reviewing the challenges that Amy and her family had faced. This was completed with much dignity and raised awareness of the good work carried out by the charity. The publicity not only enabled some uplift in donations, but more importantly, led to an increase in enquiries from young people seeking help.

Our activities have remained successfully productive throughout the second year of a global pandemic. The shock that reverberated through the world in 2020 was brought to heel in 2021 by the welcome early introduction of vaccines. The Amy Winehouse Foundation, like many other organisations and individuals, embraced the progressive recovery and showed determination to overcome the diverse circumstances being presented. This is not to overlook the tragic loss of life that went through the world, but to recognise the purposeful manner that was so evident in the resolution to ‘get through’ the trauma. Making sense of the Government advice and operating in a safe environment for all our contacts alike was the main challenge for 2021 – as a degree of normality returned. The admirable way in which the AWF team responded to the ongoing restrictions and obstacles is reflected in our successful outcomes. Our staff and volunteers have been loyal and robust in their support, which has enabled us to deliver consistently across our programmes.

During the period, the group generated unrestricted income of £604,515 and restricted income of £174,460. The charity incurred unrestricted expenditure of £464,196 and restricted expenditure of £168,520, creating a net surplus in reserves of £140,319. Closing reserves therefore stood at £1,005,252 of which £27,158 is considered for a restricted purpose and £332,436 is considered for a designated purpose.

The charity received £19,947 in government grants relating to the Coronavirus Job Retention Scheme.

The charity received £161,348 in unrestricted donations.

During the year the Foundation received a donation of £396,537 from Janis and Mitch Winehouse, the recognition of which has been deferred whilst we develop Amy’s Place 2.

Amy’s Place’, our recovery housing project for young women, has benefitted hugely through the support of The National Lottery Community Fund (TNLCF) who are providing 3 years funding support until March 2022. 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 2021 we provided safe supported accommodation for 20 residents. Within the calendar year 4 moved successfully to independent living.

The Amy Winehouse Resilience Programme helps young people to learn positive coping skills and to recognise the importance of building emotional resilience. Traditionally delivered in person, 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 ongoing schools closures and part-time furloughing of some of our employees, in 2021 we delivered Resilience Programme sessions to more than 12,000 pupils and young people in England, mostly working with small groups in order to maintain quality and effectiveness of delivery. Since September 2021, most of our delivery has returned to being face-to-face. We have generated £8,565 income during the year and have been successful with a number of Trust Fund Applications.

The ‘Amy Winehouse Foundation Recovery Pathways Programme’ provides support for young people under 30

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DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2021

Objectives and activities (continued)

who are struggling with drug and/ or alcohol dependency issues. Many young people find it difficult to access appropriate treatment and often lack the confidence and support to navigate the state-funded system.

'Recovery Pathways’ helps to address these issues by evaluating each young person’s situation and level of need before providing expertly tailored advice, care and support. Not all young people who contact us require residential treatment, but for those that do, specialist support in a safe and caring place can offer a lifechanging experience. The programme provides bespoke support prior to treatment, so that young people can feel prepared and get the most out of the treatment provided. 12-week residential treatment placements are provided in partnership with treatment charity Phoenix Futures. In 2021 we received our highest ever number of requests and directly supported 125 young people. We have also supported 16 relatives of the young people we have worked with, due to the trauma that they have suffered. This work is funded by AWF and benefits from subsidised treatment placements from 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 £414,594 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. Other collaborations during the year were made with Drama Republic, Illamasqua, Roberts Radio and The Design Museum. In many cases, the contractual right to receive income from these contracts was gifted to the charity by the beneficiaries of the Estate of Amy Winehouse.

An exhibition celebrating the legacy and creativity of Amy Winehouse opened at The Design Museum in London on 26th November 2021 and closes on 10th April 2022. The exhibition will provide awareness of the work of AWF and is expected to generate income from sales of tickets and related merchandise.

In generating these funds, the trading subsidiary incurred costs of £108,687, which were largely represented by premises costs and salaries as set out in note 7 to the accounts.

In addition to our programmes detailed below, the charity also donated and/or pledged £75,000 to ‘Amy’/’AWF’ named projects supporting young people in our core areas of focus. Our aims were to:

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.

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DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2021

Objectives and activities (continued)

d. Amy Winehouse Foundation Programmes 2021

Amy’s Place Recovery Housing

In 2021 Amy’s Place provided supported accommodation for 20 young women and continued to fulfil our key objectives:

Amy’s Place looks beyond addiction and provides support not in isolation but across multiple domains of the women’s lives. In other words, whilst support towards long-term sobriety is a major aspect of the service, it is not the only element.

Our KPI’s for 2021 show outcomes of 88% 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).

In September, having conducted fundraising activities to finance the costs, most of the residents attended ‘recovery sailing voyages’ with Tectona Trust, who generously subsidised the costs of the trips. Residents found these trips hugely beneficial with some of them describing them as ‘life-changing’

We have a stable group of volunteers and staff review regularly with residents to plan activities and therapies that enhance and benefit the residents recovery. The staff team continue to work closely with the independent evaluation team, who have now begun working on the cost benefit analysis section of the evaluation.

In November, following an introduction from our Trustee Yogi Dewan, we were visited by Dr Ed Day together with Luke Trainor, the Programme Manager from the University of Birmingham’s newly founded Recovery Programme. Dr Ed is a clinician and academic with expertise in the field of addiction. He is also the government’s Drug Recovery Champion. This was a great opportunity for us to demonstrate, via our residents, the successful outcomes achieved at Amy’s Place and also to showcase our wider work. They stayed for some three hours and there were some great discussions which show potential for future collaborations.

Gaining resident perspective is regularly engaged with through keyworker approaches, via external partner support, through regular evaluation engagement and through anonymous quarterly satisfaction surveys, which are hosted online. We are confident that Amy’s Place continues to provide a unique opportunity for women in recovery, and that we can contribute to systemic change in the provision of support for women in recovery.

“This is a very safe space and provided a non-judgmental approach from the moment I arrived. The staff are kind and genuinely care, which is a blessing. The community of women helping each other is wonderful. I am so grateful to be a resident at Amy’s Place.”

Amy’s Place has developed a transparent and collaborative approach with its supporting partners, to create the success it has experienced to date amongst the majority of residents who have engaged positively in their longterm recovery journeys. The project has also invited external and independent evaluation to facilitate the processes of understanding the differences and impact, alongside the challenges, lessons learned and plans to implement changes at Amy’s Place. The project is open to scrutiny and to developing and improving its

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DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2021

Objectives and activities (continued)

approaches to service provision where ever possible.

The process of managing repairs and maintenance in the accommodation at Amy’s Place has been challenging throughout the pandemic. Given the emphasis on managing repairs and maintenance over the course of last year, it has been disappointing that only a minority of residents this year agreed that repairs by Clarion Housing are effective. The key lesson learned is that it will take some time for the perspectives of residents to change and feel differently about the effectiveness of repairs even though the issues may have been addressed and completed. The project has underscored the importance of continuing to shorten the response times to reported issues and to managing the expectations of residents too. These changes will be closely monitored and revisited through the satisfaction surveys to measure whether perspectives improve.

An independent evaluation report, funded by The National Lottery Community Fund, is due to be completed in Spring 2022 when the Lottery funding ends. We are grateful to The National Lottery for providing funding for Amy’s Place throughout the year.

In 2020, the foundation designated £270,000 towards three years of funding of Amy’s Place, to help towards securing the facility beyond the National Lottery funding which ends in February 2022. Following our request to our partners, Clarion Housing, to consider match-funding we were delighted that they agreed to match fund to the extent of £270,000 for the same period April 2022 to March 2025. This is of course excellent news and means that we will have full funding for Amy’s Place until March 2025.

Amy’s Place continued successfully through 2021 and we ended the year at full capacity with 16 residents, all of whom are doing well and are very busy with either college, university, working or short courses. Recent residents are settling in well and are looking to start some form of activity in the new year.

At the year end, we also had 3 people on the waiting list and 12 further enquires. Without development of move on accommodation, or of additional accommodation in the immediate future, we were unable to make progress on these numbers. This is evidence of the increasing need for the help we provide and is a driving force behind our desire for the establishment of ‘Amy’s Place 2’.

“I just love living at Amy’s Place. My life changed so much since I arrived. This is my safe haven and I’m so grateful for it. For the first time in my life, I can open up to other women and be my true self without being judged. I feel loved and supported no matter what I’m going or went through. I’m building meaningful relationships on a deeper emotional level with all the residents and some of the staff. I’m also building resilience in my recovery. Even when I am not having a good day, I have all the support I need to get through anything. Amy’s Place is changing my life each and every single day!” (Resident)

Amy Winehouse Foundation Resilience Programme

Since COVID, the prevalence of probable mental disorders has risen to one in six young people and between April and June 2021, referrals to young people’s mental health services increased by 134% on the same period the previous year. A YouGov poll of 4,000 people aged 8 to 24 found 41% were more lonely than before lockdown, 38% more worried, 37% more sad and 34% more stressed. A third also said they had more trouble sleeping, which could have a knock-on effect on schoolwork, behavioural issues and family life. This highlights that vast numbers of children and young people have unmet needs and the importance of programmes that can support mental health.

Delivered by trained staff and volunteers in recovery from their own mental health issues and/or substance use disorders, the Resilience Programme focuses on addressing the underlying issues that can lead to negative behaviours and poor coping strategies in young people. These ‘credible peers’ work through secondary schools, colleges and community settings informing young people of the risks associated with substance misuse in a

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DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2021

Objectives and activities (continued)

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.

For much of 2021, we continued to see school closures due to the pandemic, however since September 2020, we have been delivering a new online version of the programme as an alternative to face-to-face sessions. Early in 2021 we developed an anonymous online questionnaire to measure the effectiveness of our new online programme and the results have shown that the Programme has been equally effective online.

Since September 2021, having proven the effectiveness of the online model, we have delivered sessions both online or in-person depending on the wishes of individual schools and other settings. Face-to-face continues to be the preferred method of delivery and we have seen a steady increase in this method as the vaccination programme has been rolled out and schools have reopened.

During 2021, Resilience Programme staff who had been placed on the Government Furlough Scheme were gradually brought back, as the schools opened more consistently. By the end of September the majority of our sessions were delivered face-to-face. In London there was a consistently high demand for sessions in state schools and approximately 25% of sessions are now in private schools. Schools in the north west of England were subject to more closures than those in the south and there has been a slower return to normal delivery numbers in the region. Many schools have had additional demands on their curriculums and have found restrictions and staff shortages from Covid very difficult to manage. In excess of 12,000 pupils and young people in England have attended sessions throughout the year.

The BBC documentaries, which featured the Foundation’s work, sparked interest from potential volunteers for the programme and we continue to look at means for engagement and training. We also have interest from several young women currently resident in Amy’s Place which is not only a good endorsement for the recovery housing programme, but is also a genuine means of aiding the recovery process, whilst helping other young people to avoid the pitfalls that residents have experienced in their own lives. The participation of volunteers with lived-experience is an important aspect of this programme. We are working with Dr Claire Russell to achieve ASDAN accreditation, so that our volunteers will in future benefit from a recognised certificate for completing their volunteer training.

In addition to working with schools, we continue to find partnership organisations, where we can deliver staff training to leadership teams, as well as work together on activities to prevent drug and alcohol misuse. Much of this work takes place during school summer holidays when we can engage with young people in community settings:

The Mix Partnership

In August we delivered a joint online ‘Lived Experience session’ to young people which was co-hosted by The Mix, a UK charity which provides online support to under 25s. Other sessions are planned. We also provided training to their staff and volunteers. This was well attended with 27 participants. Feedback from Holly Turner @The Mix below:

‘It went really well and some attendees said it was one of the best training sessions they'd ever had!”

Bromley Children and Families Forum

In August we delivered a session to Bromley Children and Families Forum which supports families, carers, children and young people in the borough of Bromley. The talk was very well received and we have been invited to participate in future events.

Youth Commission for Guernsey

In November our team attended the Youth Commission’s Youth Work Conference in Guernsey where they

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DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2021

Objectives and activities (continued)

delivered a training workshop. We had attended this event prior to the pandemic and had been invited to return. The session was again well-received. The trip was fully funded by the Bailiwick of Guernsey.

Focus Groups

Our team works with a research psychologist to run focus groups with students to be able to compare results based on age, from our previous focus groups. The focus groups have generated the following core themes;

By collaborating with young people, we aim to be better informed and up-to-date with the challenges they face. This in turn helps us to develop the Resilience Programme and ensure that content remains relevant.

Amy Winehouse Recovery Pathways Programme (Residential Rehab and Support)

In 2021 we received our highest ever number of requests for support, peaking during the summer, following the airing of two BBC documentaries which highlighted our work. Our BACP accredited therapist has continued to work extremely hard with our beneficiaries and their families. The programme supports individuals in a range of ways, providing signposting, counselling, supported interventions and in some cases residential treatment. We have also supported family members.

In 2021 we have:

We have continued to work with registered treatment charity Phoenix Futures and allocated a £45,000 treatment fund in 2021. We monitor and evaluate the success of the work in order to plan for future funding.

Other programmes

In 2021 the charity provided £75,000 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 following projects provided AWF funded therapy and tuition during 2021. They are based in the UK and in

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DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2021

Objectives and activities (continued)

the West Indies:

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.

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 3 full and part time members of staff at any one time and relied on voluntary support to carry out much of its work.

15 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 ongoing Covid measures, there were fewer volunteer opportunities available in schools for Resilience Programme volunteers, however 9 volunteers contributed 57 hours towards individual sessions in schools.

At Amy’s Place 6 volunteers contributed approximately 350 hours throughout the year. Activities included Art Therapy, Sound Healing Therapy, Counselling, Gardening, Group Music Therapy and Photography. Due to the ongoing pandemic some of these sessions were adapted to take place online.

In addition to the above, two members of the Winehouse family volunteered full-time for the charity.

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DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2021

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 the 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.

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 £1,005,252 (2020 - £858,993). Of these funds £978,094 (2020 - £837,775) are unrestricted funds, with £332,436 designated for specific purposes as described in note 21, and £27,158 (2020 - £21,218) 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.

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DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2021

Structure, governance and management (continued)

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. During the year 10 Trustees held 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.

c. Board committees'

There are three subcommittees with specific responsibility to the Board of Trustees:

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 28 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.

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DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2021

Structure, governance and management (continued)

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 to 12 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. Fundraising

Our approach to fundraising is underpinned by our ethos and values. Our supporters, whether donors who give money or volunteers who give their time and talent, are treated with care, consideration integrity and respect We are proud of our supporters and value their role in making possible everything that we achieve. We have a range of policies and processes that we require our staff and our suppliers to abide by, to be sure that no-one, particularly those who are vulnerable, are placed under any undue pressure to donate. Our general fundraising is never unsolicited and is conducted through recognised donation platforms, with an opt-out option. We do not sell or exchange donor details to third parties.

We currently only offer places for challenge events organised by external companies which have conducted sufficient risk assessments and are responsible and liable for the health and safety of participants and insurance needs.

We have one part-time member of staff, who under the direction of our Managing Trustee explores our options for applications/bids to Trusts and Foundations. Our commercial partnerships are managed through our trading company and are carefully reviewed by both boards to ensure that the opportunity is a good fit with our ethos and values. Amy Winehouse Foundation Trading Ltd has both direct agreements and agreements through a brand management agent to benefit from the contractual rights gifted by the Estate of Amy Winehouse.

We are registered with the Fundraising Regulator. No complaints regarding fundraising have been received during the year.

h. 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.

i. 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.

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DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2021

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 2 years have 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. It has also shone a light on mental health issues, which so often present in co-morbidity with substance use disorders. Our overarching aim is to continue to provide education, signposting and support for children and young people who fall between the gaps. With support from our grantees and donors, our Resilience programme will continue as our flagship means to drug and alcohol misuse prevention. Looking forward, we anticipate growing demand for our support and we will continue to involve our beneficiaries in shaping and developing our programmes so that they remain relevant and effective in meeting their needs. 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. We are exploring the opportunity of an additional Recovery Housing project – or an extension to existing provision.

Continue our work in supporting young people who are struggling with substance dependency and continue our agreement with Phoenix Futures as a programme partner for residential treatment.

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:

Page 14

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2021

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 year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the 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:

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:

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 14-09-22 _______ and signed on their behalf by: ................................................ Jane Winehouse (Trustee)

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DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

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 2021 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:

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 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 16

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

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:

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:

Page 17

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

(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:

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 18

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

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

14-09-22 Date:

Page 19

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD ENDED 31 DECEMBER 2021

Note
Income from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
8
Total income
Expenditure on:
Raising funds
7
Charitable activities
9
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2021
£
181,295
8,565
414,594
61
604,515
109,982
354,214
464,196
140,319
837,775
140,319
978,094		 Restricted
funds
2021
£
174,460
-
-
-
174,460
-
168,520
168,520
5,940
21,218
5,940
27,158		 Total
funds
2021
£
355,755
8,565
414,594
61
778,975
109,982
522,734
632,716
146,259
858,993
146,259
1,005,252		 As restated
Total
funds
2020
£
362,944
7,116
260,512
-
630,572
78,918
450,496
529,414
101,158
757,835
101,158
858,993

The Consolidated statement of financial activities includes all gains and losses recognised in the period.

The notes on pages 26 to 48 form part of these financial statements.

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DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee) REGISTERED NUMBER: 07737209

CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2021

Note
Fixed assets
Tangible assets
15
Investments
16
Current assets
Stocks
17
Debtors
18
Cash at bank and in hand
24
Creditors: amounts falling due within one
year
19
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
21
Unrestricted funds
21
Total funds		 2,880
323,342
1,197,149
1,523,371
(520,709)		 2021
£
2,588
2
2,590
1,002,662
1,005,252
1,005,252
1,005,252
27,158
978,094
1,005,252		 3,208
261,780
678,762
943,750
(84,759)		 2020
£
-
2
2
858,991
858,993
858,993
858,993
21,218
837,775
858,993

Page 21

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee) REGISTERED NUMBER: 07737209

CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2021

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 _______ 14-09-22 and signed on their behalf by:

Jane Winehouse (Trustee)

The notes on pages 26 to 48 form part of these financial statements.

Page 22

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee) REGISTERED NUMBER: 07737209

COMPANY BALANCE SHEET AS AT 31 DECEMBER 2021

Note
Fixed assets
Tangible assets
15
Investments
16
Current assets
Debtors
18
Cash at bank and in hand
Creditors: amounts falling due within one
year
19
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
21
Unrestricted funds
21
Total funds		 313,032
1,186,857
1,499,889
(495,789)		 2021
£
1,150
3
1,153
1,004,100
1,005,253
1,005,253
1,005,253
27,158
978,095
1,005,253		 268,716
657,372
926,088
(67,098)		 2020
£
-
3
3
858,990
858,993
858,993
858,993
21,218
837,775
858,993

Page 23

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee) REGISTERED NUMBER: 07737209

COMPANY BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2021

The company's net movement in funds for the period was £ 146,199 (2020 - £101,158) .

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 _______ 14-09-22 and signed on their behalf by:

Jane Winehouse (Trustee)

The notes on pages 26 to 48 form part of these financial statements.

Page 24

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 DECEMBER 2021

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 26 to 48 form part of these financial statements		 2021
£
518,387
-
-
518,387
678,762
1,197,149		 2020
£
84,156
-
-
84,156
594,606
678,762

Page 25

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

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 26

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

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 27

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

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 28

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

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 29

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

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.

Investment income, gains and losses are allocated to the appropriate fund.

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 and accrued income.

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 10.

Page 30

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

4. Income from donations and legacies

Unrestricted
funds
2021
£
Donations
161,348
Grants
19,947
181,295
Unrestricted
funds
2020
£
Donations
152,886
Grants
50,256
203,142		 Restricted
funds
2021
£
1,173
173,287
174,460
Restricted
funds
2020
£
-
159,802
159,802		 Total
funds
2021
£
162,521
193,234
355,755
Total
funds
2020
£
152,886
210,058
362,944

Page 31

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

5. Income from charitable activities

Unrestricted
funds
2021
£
AWF Resilience Programme
8,565
Unrestricted
funds
2020
£
AWF Resilience Programme
7,116		 Total
funds
2021
£
8,565
Total
funds
2020
£
7,116

Page 32

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

6. Income from other trading activities

Unrestricted
funds
2021
£
Fundraising income
414,594
Unrestricted
funds
2020
£
Fundraising income
260,512
7.
Fundraising costs
2021
£
Fundraising costs
3,233
Contribution to support and establishment costs
83,788
Contribution to wages and salaries
22,481
Depreciation
479
109,981
8.
Investment income
Unrestricted
funds
2021
Total
funds
2021
£
£
Interest receivable
61
61		 Total
funds
2021
£
414,594
Total
funds
2020
£
260,512
As restated
2020
£
3,692
51,527
23,334
366
78,919
Total
funds
2020
£
-

Page 33

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

9. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2021
£
AWF Recovery Pathways
80,409
AWF Music
88,258
AWF Resilience Programme
152,402
Amy's Place Recovery Housing
33,145
354,214
As restated
Unrestricted
funds
2020
£
AWF Recovery Pathways
46,088
AWF Music
18,901
AWF Resilience Programme
190,567
Amy's Place Recovery Housing
29,009
284,565		 Restricted
funds
2021
£
-
-
-
168,520
168,520
Restricted
funds
2020
£
-
-
-
165,931
165,931		 Total
funds
2021
£
80,409
88,258
152,402
201,665
522,734
As restated
Total
funds
2020
£
46,088
18,901
190,567
194,940
450,496

See note 10 for analysis of expenditure into direct and support activities.

Page 34

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

10. Analysis of expenditure by activities

AWF Recovery Pathways
AWF Music
AWF Resilience Programme
Amy's Place Recovery Housing		 Activities
undertaken
directly
2021
£
50,293
-
92,741
168,520
311,554		 Grant
funding of
activities
2021
£
-
75,000
-
-
75,000		 Support
costs
2021
£
30,116
13,258
59,661
33,145
136,180		 Total
funds
2021
£
80,409
88,258
152,402
201,665
522,734
AWF Recovery Pathways
AWF Music
AWF Resilience Programme
Amy's Place Recovery Housing		 Activities
undertaken
directly
2020
£
8,560
-
138,351
165,931
312,842		 Grant
funding of
activities
2020
£
10,720
7,297
-
-
18,017		 As restated
Support
costs
2020
£
26,807
11,604
52,217
29,009
119,637		 As restated
Total
funds
2020
£
46,087
18,901
190,568
194,940
450,496

Page 35

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

10. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Direct projects costs
Staff costs
Direct projects costs		 AWF
Recovery
Pathways
2021
£
9,154
41,139
50,293
AWF
Recovery
Pathways
2020
£
-
8,560
8,560		 AWF
Resilience
Programme
2021
Amy's Place
Recovery
Housing
2021
£
£
83,563
-
9,178
168,520
92,741
168,520
AWF
Resilience
Programme
2020
Amy's Place
Recovery
Housing
2020
£
£
130,421
-
7,930
165,931
138,351
165,931		 Total
funds
2021
£
92,717
218,837
311,554
Total
funds
2020
£
130,421
182,421
312,842

Page 36

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

10. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Printing, postage and stationery
Travel
Telephone and computer
charges
Rent
Establishment and general
office expenses
Accountancy and administration
Bank charges
Governance costs
Staff costs
Subscriptions
Printing, postage and stationery
Telephone and computer
charges
Rent
Establishment and general
office expenses
Accountancy fees
Bank charges
Governance costs		 AWF
Recovery
Pathways
2021
£
6,484
251
7
204
6,816
4,007
4,556
475
7,316
30,116
As restated
AWF
Recovery
Pathways
2020
£
6,578
219
106
236
132
2,854
6,153
535
9,994
26,807		 AWF Music
2021
£
3,242
126
4
102
3,408
2,003
2,278
237
1,858
13,258
As restated
AWF Music
2020
£
3,289
110
53
118
66
1,427
3,076
268
3,197
11,604		 AWF
Resilience
Programme
2021
Amy's Place
Recovery
Housing
2021
£
£
14,590
8,104
565
314
16
9
459
255
15,337
8,521
9,015
5,009
10,250
5,694
1,068
594
8,361
4,645
59,661
33,145
As restated
AWF
Resilience
Programme
2020
As restated
Amy's Place
Recovery
Housing
2020
£
£
14,800
8,222
493
274
238
132
532
295
297
165
6,422
3,568
13,844
7,691
1,204
669
14,387
7,993
52,217
29,009		 Total
funds
2021
£
32,420
1,256
36
1,020
34,082
20,034
22,778
2,374
22,180
136,180
As restated
Total
funds
2020
£
32,889
1,096
529
1,181
660
14,271
30,764
2,676
35,571
119,637

Page 37

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

10. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Support costs have been apportioned across the charitable programmes as follows, on the basis of time spent by support staff across the activities:

AWF Recovery Pathways - 20% AWF Music - 10%

AWF Resilience Programme - 45% Amy's Place Recovery Housing - 25%

11. Analysis of grants

Grants to Total
Institutions funds
2021 2021
£ £
AWF Music 75,000 75,000

An analysis of the organisations benefiting from the above grants are detailed in the Trustees report.

AWF Recovery Pathways
AWF Music
Auditors' remuneration
Fees payable to the company's auditor for the audit of the company's
annual accounts		 Grants to
Institutions
2020
£
10,720
7,297
18,017
2021
£
10,200		 Total
funds
2020
£
10,720
7,297
18,017
2020
£
10,200

12. Auditors' remuneration

Page 38

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

13. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes		 Group
2021
£
138,258
6,252
3,107
147,617		 Group
2020
£
168,981
13,992
3,668
186,641		 Company
2021
£
138,258
6,252
3,107
147,617		 Company
2020
£
168,981
13,992
3,668
186,641

The average number of persons employed by the company during the period was as follows:

Administration
Fundraising
Management
Charitable activities		 Group
2021
No.
1
1
1
3
6		 Group
2020
No.
1
1
1
4
7

No employee received remuneration amounting to more than £60,000 in either year.

14. Trustees' remuneration and expenses

During the period, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the period ended 31 December 2021, no Trustee expenses have been incurred (2020 - £NIL) .

Page 39

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

15. Tangible fixed assets

Group and Company

Cost or valuation
At 1 January 2021
Additions
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the period
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020		 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
3,355
4,819
1,464
767
2,231
2,588
-		 Total
£
23,713
3,355
27,068
23,713
767
24,480
2,588
-

Page 40

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021
16.
Fixed asset investments
Group
Cost or valuation
At 1 January 2021
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020
company
Cost or valuation
At 1 January 2021
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020		 Investments
in
subsidiary
companies
£
2
2
2
2
Investments
in
subsidiary
companies
£
3
3
3
3

Page 41

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

16. 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 457,597 (457,597) 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 42

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

17. Stocks

Group Group
2021 2020
£ £
Finished goods and goods for resale 2,880 3,208

18. Debtors

Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 Group
2021
£
22,651
-
-
300,691
323,342		 Group
2020
£
1,198
-
949
259,633
261,780		 Company
2021
£
1,066
305,907
-
6,059
313,032		 Company
2020
£
955
261,762
-
5,999
268,716

19. 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
2021
£
7,269
14,829
779
40,182
457,650
520,709		 Group
2020
£
55,703
2,682
-
74
26,300
84,759		 Company
2021
£
4,817
4,360
779
40,182
445,651
495,789		 Company
2020
£
49,142
2,682
-
74
15,200
67,098

20. Prior period adjustments

During the year Trustees reviewed the split of expenditure between support and fundraising costs. It was noted that the majority of bookkeeping and accountancy fees do not relate to specific fundraising activities as they have been historically recorded. The split of these expenses between support and fundraising costs has therefore been adjusted in the current year to recognise the proportion of fees relating directly to fundraising as fundraising costs and the remainder to be recognised as support costs. This split has also been reflected in adjustment of the prior year to allow for relevant comparative figures and restated in the support and fundraising costs notes above.

Page 43

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

21. Statement of funds

Statement of funds - current period

Balance at 1
January
2021
£
Designated funds
AWF Recovery Pathways
45,000
Amy's Place Recovery Housing
270,000
General funds
General Funds - all funds
522,775
Total Unrestricted funds
837,775
Restricted funds
National Lottery Community
Fund - Amy's Place
21,218
Total of funds
858,993		 Income
£
Expenditure
£
-
(27,564)
-
-
604,515
(436,632)
604,515
(464,196)
174,460
(168,520)
778,975
(632,716)		 Transfers
in/out
£
45,000
-
(45,000)
-
-
-		 Balance at
31
December
2021
£
62,436
270,000
645,658
978,094
27,158
1,005,252

The Covid19 pandemic over the last two years 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 have received our final tranche of funds from The National Lottery Community Fund in September 2021 so have retained 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 from 2021 to secure funding for residential treatment placements in addition to our budget for counselling.

Page 44

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

21. Statement of funds (continued)

Statement of funds - prior period

Unrestricted funds
Designated funds
AWF Recovery Pathways
Amy's Place Recovery Housing
General funds
General Funds - all funds
Total Unrestricted funds
Restricted funds
National Lottery Community
Fund - Amy's Place
Total of funds		 Balance at
1 January
2020
£
-
-
-
730,488
730,488
27,347
757,835		 Income
£
-
-
-
470,770
470,770
159,802
630,572		 Expenditure
£
-
-
-
(363,483)
(363,483)
(165,931)
(529,414)		 Transfers
in/out
£
45,000
270,000
315,000
(315,000)
-
-
-		 Balance at
31
December
2020
£
45,000
270,000
315,000
522,775
837,775
21,218
858,993

Page 45

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

22. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2021
£
Tangible fixed assets
2,589
Fixed asset investments
2
Current assets
1,496,212
Creditors due within one year
(520,709)
Total
978,094
Analysis of net assets between funds - prior year
Unrestricted
funds
2020
£
Fixed asset investments
2
Current assets
922,531
Creditors due within one year
(84,759)
Total
837,774		 Restricted
funds
2021
£
-
-
27,158
-
27,158
Restricted
funds
2020
£
-
21,218
-
21,218		 Total
funds
2021
£
2,589
2
1,523,370
(520,709)
1,005,252
Total
funds
2020
£
2
943,749
(84,759)
858,992

Page 46

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

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

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Decrease in stocks
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Purchase of assets
Net cash provided by operating activities
24.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
25.
Analysis of changes in net debt
At 1
January
2021
£
Cash at bank and in hand
678,761
Debt due within 1 year
-
678,761		 Group
2021
£
146,259
767
328
(61,561)
435,950
(3,356)
518,387
Group
2021
£
1,197,149
1,197,149
Cash flows
£
518,387
(779)
517,608		 Group
2020
£
101,158
366
95
25,185
(42,643)
-
84,161
Group
2020
£
678,762
678,762
At 31
December
2021
£
1,197,148
(779)
1,196,369

Page 47

DocuSign Envelope ID: 09CEB185-3A00-4BE3-92F5-631C126CBF76

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

26. 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 £3,107 (2020 - £3,668). Contributions totaling £779 (2020 - £0) were payable to the fund at the balance sheet date and are included in creditors.

27. Operating lease commitments

At 31 December 2021 the Group and the company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 Group
2021
£
25,650
76,950
102,600		 Group
2020
£
-
-
-		 Company
2021
£
25,650
76,950
102,600		 Company
2020
£
-
-
-

28. 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 director of subsidiary The Amy Winehouse Foundation Limited) is connected in respect of accounting services for the period totaling £24,186 (2020 - £10,531).

At the balance sheet date The Amy Winehouse Foundation Trading Limited owed £305,907 (2020 - £261,762) to The Amy Winehouse Foundation its immediate parent undertaking.

29. Controlling party

No one person had overall control of the charity or the subsidiary in the current or prior period.

Page 48