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2022-12-31-accounts

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

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 2022

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

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 - 17
Independent auditors' report on the financial statements 18 - 21
Consolidated statement of financial activities 22
Consolidated balance sheet 23 - 24
Company balance sheet 25 - 26
Consolidated statement of cash flows 27
Notes to the financial statements 28 - 52

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

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 2022

Trustees Mitchell Winehouse, Chair
Janis Winehouse-Collins
Jane Winehouse
Jonathan Simpson
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: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT FOR THE PERIOD ENDED 31 DECEMBER 2022

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 2022. 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 relief of young persons 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:

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2022

Objectives and activities (continued)

b. Strategies for achieving objectives

Our main strategic objectives for 2022 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 exploration of 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: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2022

Objectives and activities (continued)

Early in 2022, a founding member trustee, Richard Collins, died, leaving a sad loss to family members. A strategic review completed towards the end of the year noted the profoundly positive impact that Richard had made at AWF and a desire to acknowledge his beneficial influence. The review suggested a plan for a designated development fund in honour of Richard. The review also noted that having reacted prudently to the challenges facing the AWF from Covid, the Family Trustees recognise that the revised staffing structure and general level of resource requirement for the AWF to deliver existing programmed activities is broadly achieving the aims and principles of the Family Trustees. The Family Trustees believe that current incomegenerating arrangements already in place, together with anticipated income to the Foundation from known potential sources of income likely to be realized over the coming three years, should provide an adequate resource base sufficient to meet the key objectives. This will provide the opportunity for the revenue-based grant-making fund designated in the name of Richard Collins, where further awards can be made to disadvantaged young people, children and babies, thus expanding on one of our key objectives. All Trustees agreed that applicants can only be identified via the Trustees, with decisions being made by the AWF Trustees.

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2022

Objectives and activities (continued)

c. Activities undertaken to achieve objectives

Total consolidated group income was £847,681.

2022 thankfully took us further from the ravages of Covid and we were able to focus on our programmes for their worth, rather than the added challenges of delivery within a pandemic. Despite these challenges, there have been good outcomes following the pandemic, particularly in regard to development of flexible working practices that have been introduced and the acceptance in the degree of change that can be managed and built into organisational infra-structure.

The Foundation benefits from a small and loyal staff team under the Managing Trusteeship of Jane Winehouse. This low staff turnover is cost effective and provides stability and maintains valuable experience to our work.

During the period, the group generated unrestricted income of £754,486 and restricted income of £93,195. The charity incurred unrestricted expenditure of £429,313 and restricted expenditure of £165,211, creating a net surplus in reserves of £253,157. Closing reserves therefore stood at £1,258,409 of which £277,773 is considered for a designated purpose. See note 20 to the financial statements for further details.

The charity received £150,466 in unrestricted donations.

During the year the Foundation received a closing donation of £13,965, adding to the donation in 2021 of £396,538 from Janis and Mitch Winehouse. In line with the terms of the funding agreement, the recognition of this £410,503 fund 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) which provided 3 years funding support until the end of February 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.

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 during this critical time in their lives. Through 2022, we have continued with a hybrid model of delivery to meet demand. In total, more than 22,000 young people engaged with this programme during the calendar year, approximately 10,000 more than in the previous year. The Programme generated £12,945 income during the year and has also been successful in raising funding via a number of applications to grant-making trusts and foundations.

The Amy Winehouse Foundation ‘Recovery Pathways Programme’ provides support for young people up to age 30 who are seeking support for 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 2022 we helped 28 young people through this programme.

The charity continues to provide music therapy for children with disabilities and life-limiting illnesses and music tuition for children from disadvantaged socioeconomic backgrounds.

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2022

Objectives and activities (continued)

The charity received £589,352 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 closed on 10th April 2022. The exhibition provided awareness of the work of AWF and generated £30,102 income from sales of tickets and related merchandise.

The trading subsidiary incurred costs of £98,599, 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 £33,200 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 and further development of the Recovery Pathways Programme.

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2022

Objectives and activities (continued)

d. Amy Winehouse Foundation Programmes 2022

Amy’s Place

In 2022 Amy’s Place provided safe supported accommodation for 22 young women and continued to fulfil our key mission and aims:

“This is the happiest I have been in my entire life... this is the only place I have ever felt at home, ever felt safe, like physically safe. No one is coming into my room at night, I can lock my door.” (Amy’s Place resident)

Residents are assigned a Recovery Support Officer to work with them on a one-to-one basis. This allows a personalised support plan to be developed, which identifies needs, goals, and aspirations.

The primary objectives of Amy’s Place are to provide:

Amy’s Place looks beyond addiction and provides support not in isolation, but across multiple domains of 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.

“Thank you for making a place like Amy's Place possible because I no longer feel like someone who is broken.” (Amy’s Place resident)

Our KPI’s for 2022 show outcomes of 97% maintained abstinence against a target of 80%. Research clearly indicates that long term stable recovery is facilitated by engagement in meaningful occupation. 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).

The residents at Amy’s Place are invited quarterly to complete an anonymous survey, either online or in a paper version. Through the recovery survey, we ask residents to tell us about i) perspectives of their recovery journeys, ii) the support they requested and received and their iii) overall experiences. The data provides a positive trend from last year to this year, where satisfaction was high across the areas of recovery journeys, perceptions of support and overall experiences at Amy’s Place, however there were some concerns over response to repairs, which we seek to address with our partner Clarion Housing.

In addition to funding running costs, a 3-year grant received from The National Lottery Community Fund (TNLCF) until February 2022, also funded an independent evaluation and a cost benefit analysis of Amy’s Place. The final report to TNLCF was submitted in March 2022. The overall conclusions were of a highly successful and professionally managed programme that provides strong positive value, societally as well as

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2022

Objectives and activities (continued)

individually. Recommendations were made and were well received. The data from the cost benefit assessment, independently reported by Ottaway Strategic Management Ltd, showed that the savings to society were £1,269,759.48 set against the budget period 1/3/19 through to 30/9/21 with a programme budget of £347,380.94. This indicated that for every pound spent on Amy’s Place, there was a saving to society and public services of £3.66.

It was reassuring to have our designated fund’s support and to receive match-funding from Clarion Housing to continue our work at Amy’s Place with no interruption in funding. The new matched-funding period commenced on 1st April 2022 and will run to March 2025. Ideally, we aim to have a 5-year funding plan to ensure sustainability and long-term positive outcomes for beneficiaries.

Amy’s Place staff are employed by our Programme partners, Clarion Housing Group. There were staff changes during the period that included resignations and new appointments. Our Project Manager relocated to the North of England, and we were grateful for her commitment to travel weekly across-country until we had sufficient staffing arrangements in place. We decided to increase our staff team by adding an additional part-time Support Worker. New staff members were recruited and trained, and we now have a full team at Amy’s Place consisting of three full-time workers and one part-time worker, plus a stable group of volunteers.

We have a highly committed group of volunteers, and staff review regularly with residents to plan activities and therapies that enhance and benefit their recovery. During the year, the following activities were offered to residents by volunteers: Art Therapy, Sound Healing Therapy, Nutritional Therapy, Counselling and Yoga.

At the request of residents, we are running fortnightly ‘Move-On’ sessions, for residents approaching their time to move on to independent living. This has proven to be a positive support group which is well attended. We have also resumed relapse prevention sessions, facilitated by an external Behaviour Change Specialist. These sessions are also extremely popular and worthwhile to residents.

Discussions with regard to a second Amy's Place (APL2) are on-going. Monthly meetings with a senior team at Clarion Housing Group are positive and enthusiastic towards a second recovery home, however the biggest challenge arises in finding a suitable property. It is important that similar facilities and accommodation are available as per the current Amy’s Place, where the infrastructure and staff capability has a proven record of success. The fund designated for APL 2 is £410,503.

“If the opportunity ever arose to open up another place like Amy's, I ask that you consider this. For you may never understand how two years of safety can transform a broken person into someone who can. Amy's place gives hope to people who never thought it was possible.” (Amy’s Place resident)

Amy Winehouse Foundation Resilience Programme

In 2022, 18.0% of children in England aged 7 to 16 years and 22.0% of young people aged 17 to 24 years had a probable mental disorder (NHS data published 29 Nov 2022), and 39.2% of those aged 6 to16 had experienced deterioration in mental health since 2017 (NHS data published 30 Sept 2021). 50% of all mental health problems start by the age of 14 (Lifetime Prevalence and Age-of-Onset Distributions of DSM-IV Disorders in the National Comorbidity Survey Replication. Archives of General Psychiatry, 62 (6) pp. 593-602. doi:10.1001/archpsyc.62.6.593) , which is why it is so important to have programmes in schools and community settings to support young people’s 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 in secondary schools, colleges and community settings helping young people understand the risks associated with negative coping

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2022

Objectives and activities (continued)

strategies, such as drug and alcohol use, in a meaningful and supportive manner. They identify topics of conversation that give rise to opportunities to talk very broadly about addressing risk and promoting resilience. Few environments can foster the trust that our programme coordinators engender, and the benefits are noted by all involved – students, teachers and parents.

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 underscores our commitment to facilitating young people’s education and awareness, by identifying opportunities to develop resilience and reduce risks associated with alcohol and drug misuse.

During 2022, 22,046 young people engaged in this programme. Although face-to-face delivery has accounted for more than 80% of engagement. Approximately 20% online delivery has meant that we have been able to reach more young people than would have otherwise been accessible by our teams.

Young people, and also teachers who attended, were invited to participate in an independent evaluation conducted by researchers based at the University of Bath. In 2022, a total sample of 4,133 young people and 101 teachers completed an online survey, following the delivery sessions. From this research, we were able to evidence a continued pattern of positive outcomes for the Resilience Programme, where young people were responsive and engaged with the sessions. Some of the highlights include young people’s agreement that:

The participation of volunteers with lived-experience is an important aspect of this programme. In 2022, working with Dr Claire Russell, the Resilience Programme volunteer training programme achieved ASDAN accreditation, meaning that our volunteers now 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:

England Netball and London Metropolitan Police

In April we worked alongside England Netball and the Metropolitan Police to deliver sessions alongside diversionary activities for a group of 16 to 18 year olds in Croydon.

Bromley Children and Families Forum

We have developed an ongoing partnership with Bromley Children and Families Forum, which supports families, carers, children and young people in the borough of Bromley. We returned in August 2022 to work with their younger participants and have been invited back again in 2023.

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2022

Objectives and activities (continued)

The Mix Partnership

In September we partnered again with The Mix, a UK charity which provides online support to under-25-yearolds, to deliver a jointly hosted online session. Future sessions are planned, together with training for their staff and volunteers.

Amy Winehouse Recovery Pathways Programme (Residential Rehab and Support)

The programme supports individuals in a range of ways, providing signposting, counselling, supported interventions and in some cases residential treatment. Our BACP accredited therapist has continued to work extremely hard with our beneficiaries and their families. The ability to sustain abstinence is seriously challenging and there is a high risk of relapse in this sector of young people. Our Counsellor’s work with individuals together with family members provides a supportive structure for recovery process.

We have continued to work with registered treatment charity Phoenix Futures and have provided funding for residential treatment for five individuals during the year. With pre-admission and preparation support from our counsellor, these beneficiaries achieved 100% completion success for their treatment journeys. The counsellor continues to engage young people post-treatment and helps them into supported housing and beyond. Some young people coming through this programme are now becoming volunteers themselves.

In 2022:

Other programmes

In 2022 the charity provided £33,200 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 2022. They are based in the UK and in the West Indies:

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2022

Objectives and activities (continued)

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 4 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 327 hours throughout the year. Activities included Art Therapy, Sound Healing Therapy, Nutritional Therapy, Counselling and Yoga.

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 all the dedicated volunteer fundraisers who held events or carried out activities to raise funds to support our work throughout the year.

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2022

Financial review

a. Going concern

The financial statements have been prepared on the going concern basis on the premise 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 2021 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 £1,258,409 (2021 - £1,005,252). These funds are unrestricted (2021 - £978,094) with £277,773 designated for specific purposes as described in note 20 Restricted funds in 2021 were £27,158 in respect of funding for Amy's Place received from TNCLF. These funds were utlised in the period, with the excess in funding requirements for the project being met from general and designated reserves.

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2022

c. Income from donations and legacies

The Amy Winehouse Foundation is immensely grateful to the organisations, individuals and family members who have supported us, either through donations of money, giving their time, or sharing their expertise. Our fundraisers play a large part in enabling us to complete the work we do each year. We name below some of the funders who have generously contributed during the past year.

Annette Duvollet Trust
Belacqua Trust
Combe Bank Educational Trust
Coral Samuel Charitable Trust
Dalgleish Trust
David Family Foundation
Good Templar and Temperance Children's Fund
Innholders Charitable Trust
London Quakers Service Trust
Sir James Roll Charitable Trust
The J Davy Foundation
The Julia and Hans Rausing Trust
UKH Foundation
Vintners Foundation
Other Donations
Total		 £30,000.00
£5,000.00
£20,000.00
£2,000.00
£5,000.00
£5,000.00
£2,000.00
£5,000.00
£3,000.00
£1,250.00
£25,000.00
£25,000.00
£3,000.00
£10,000.00
£102,411.00
£243,661.00

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: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2022

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. 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 for the early part of the year, her husband, Richard, who sadly passed away in April 2022. 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 Bayes Business School (formerly 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 corporate lawyer, specialising in wealth management, financial services markets and regulation; an experienced philanthropy and fundraising manager and a writer/broadcaster who has experience of addiction and mental health issues; an Assistant Head Teacher with safeguarding and mental health expertise.

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 27 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: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2022

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. 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.

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2022

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 previous 2 years have brought unprecedented challenges. The impact of COVID19 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:

• 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.

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2022

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 and signed on their behalf by:

................................................

Jane Winehouse (Trustee) Date: 26-09-23

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

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 2022 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.

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

(A company limited by guarantee)

AMY WINEHOUSE FOUNDATION

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:

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

(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.

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

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 26-09-23 Date:

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD ENDED 31 DECEMBER 2022

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 income/(expenditure)
Transfers between funds
20
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2022
£
150,466
12,945
589,352
1,723
754,486
98,599
330,714
429,313
325,173
(44,858)
280,315
978,094
280,315
1,258,409		 Restricted
funds
2022
£
93,195
-
-
-
93,195
-
165,211
165,211
(72,016)
44,858
(27,158)
27,158
(27,158)
-		 Total
funds
2022
£
243,661
12,945
589,352
1,723
847,681
98,599
495,925
594,524
253,157
-
253,157
1,005,252
253,157
1,258,409		 Total
funds
2021
£
355,755
8,565
414,594
61
778,975
109,982
522,734
632,716
146,259
-
146,259
858,993
146,259
1,005,252

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

The notes on pages 28 to 52 form part of these financial statements.

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

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

CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2022

Note
Fixed assets
Tangible assets
15
Investments
16
Current assets
Stocks
17
Debtors
18
Cash at bank and in hand
23
Creditors: amounts falling due within one
year
19
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
20
Unrestricted funds
20
Total funds		 2,742
461,248
1,365,017
1,829,007
(574,454)		 2022
£
3,853
2
3,855
1,254,553
1,258,408
1,258,408
-
1,258,408
1,258,408		 2,880
323,342
1,197,148
1,523,370
(520,709)		 2021
£
2,589
2
2,591
1,002,661
1,005,252
1,005,252
27,158
978,094
1,005,252

Page 23

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

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

CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2022

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 and signed on their behalf by:

................................................

Jane Winehouse (Trustee) Date: 26-09-23

The notes on pages 28 to 52 form part of these financial statements.

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

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

COMPANY BALANCE SHEET AS AT 31 DECEMBER 2022

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
Total net assets
Charity funds
Restricted funds
20
Unrestricted funds
20
Total funds		 516,241
1,286,052
1,802,293
(546,780)		 2022
£
2,892
3
2,895
1,255,513
1,258,408
1,258,408
10,142
1,248,266
1,258,408		 313,031
1,186,857
1,499,888
(495,789)		 2021
£
1,150
3
1,153
1,004,099
1,005,252
1,005,252
27,158
978,094
1,005,252

Page 25

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

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

COMPANY BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2022

The company's net movement in funds for the period was £ 251,433 (2021 - £146,199) .

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 and signed on their behalf by:

................................................

Jane Winehouse (Trustee) Date: 26-09-23

The notes on pages 28 to 52 form part of these financial statements.

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 DECEMBER 2022

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 28 to 52 form part of these financial statements		 2022
£
167,867
-
-
167,867
1,197,149
1,365,016		 2021
£
518,387
-
-
518,387
678,762
1,197,149

Page 27

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

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 28

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

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.

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

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.

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DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

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 31

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

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 32

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

4. Income from donations and legacies

Unrestricted
funds
2022
£
Donations
87,466
Grants
63,000
150,466
Unrestricted
funds
2021
£
Donations
161,348
Grants
19,947
181,295		 Restricted
funds
2022
£
93,195
-
93,195
Restricted
funds
2021
£
1,173
173,287
174,460		 Total
funds
2022
£
180,661
63,000
243,661
Total
funds
2021
£
162,521
193,234
355,755

Page 33

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

5. Income from charitable activities

Unrestricted
funds
2022
£
AWF Resilience Programme
12,945
Unrestricted
funds
2021
£
AWF Resilience Programme
8,565		 Total
funds
2022
£
12,945
Total
funds
2021
£
8,565

Page 34

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

6. Income from other trading activities

Unrestricted
funds
2022
£
Fundraising income
589,352
Unrestricted
funds
2021
£
Fundraising income
414,594
Fundraising costs
2022
£
Fundraising costs
2,783
Contribution to support and establishment costs
68,907
Contribution to wages and salaries
26,430
Depreciation
479
98,599		 Total
funds
2022
£
589,352
Total
funds
2021
£
414,594
2021
£
3,233
83,788
22,481
479
109,981

7. Fundraising costs

Page 35

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

8. Investment income

Unrestricted
funds
2022
£
Interest receivable
1,723
Unrestricted
funds
2021
£
Interest receivable
61		 Total
funds
2022
£
1,723
Total
funds
2021
£
61

Page 36

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

9. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2022
£
AWF Recovery Pathways
80,407
AWF Music
45,206
AWF Resilience Programme
175,085
Amy's Place Recovery Housing
30,016
330,714
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		 Restricted
funds
2022
£
-
-
-
165,211
165,211
Restricted
funds
2021
£
-
-
-
168,520
168,520		 Total
2022
£
80,407
45,206
175,085
195,227
495,925
Total
2021
£
80,409
88,258
152,402
201,665
522,734

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

Page 37

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

10. Analysis of expenditure by activities

AWF Recovery Pathways
AWF Music
AWF Resilience Programme
Amy's Place Recovery Housing
AWF Recovery Pathways
AWF Music
AWF Resilience Programme
Amy's Place Recovery Housing		 Activities
undertaken
directly
2022
£
57,394
-
121,056
165,211
343,661
Activities
undertaken
directly
2021
£
50,293
-
92,741
168,520
311,554		 Grant
funding of
activities
2022
£
-
33,200
-
-
33,200
Grant
funding of
activities
2021
£
-
75,000
-
-
75,000		 Support
costs
2022
£
23,013
12,006
54,029
30,016
119,064
Support
costs
2021
£
30,116
13,258
59,661
33,145
136,180		 Total
funds
2022
£
80,407
45,206
175,085
195,227
495,925
Total
funds
2021
£
80,409
88,258
152,402
201,665
522,734

Page 38

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

10. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Direct projects costs
Staff costs
Direct projects costs		 AWF
Recovery
Pathways
2022
£
9,888
47,506
57,394
AWF
Recovery
Pathways
2021
£
9,154
41,139
50,293		 AWF
Resilience
Programme
2022
Amy's Place
Recovery
Housing
2022
£
£
106,225
-
14,831
165,211
121,056
165,211
AWF
Resilience
Programme
2021
Amy's Place
Recovery
Housing
2021
£
£
83,563
-
9,178
168,520
92,741
168,520		 Total
funds
2022
£
116,113
227,548
343,661
Total
funds
2021
£
92,717
218,837
311,554

Page 39

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

10. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Subscriptions
Printing, postage and stationery
Travel
Telephone and computer
charges
Rent
Establishment and general
office expenses
Accountancy and administration
Bank charges
Governance costs		 AWF
Recovery
Pathways
2022
£
6,365
56
98
1
155
5,703
3,480
3,657
407
3,091
23,013		 AWF Music
2022
£
3,682
28
49
1
77
2,852
1,741
1,829
202
1,545
12,006		 AWF
Resilience
Programme
2022
Amy's Place
Recovery
Housing
2022
£
£
16,571
9,206
126
70
220
122
3
1
348
194
12,833
7,129
7,835
4,353
8,226
4,572
913
507
6,954
3,862
54,029
30,016		 Total
funds
2022
£
35,824
280
489
6
774
28,517
17,409
18,284
2,029
15,452
119,064

Page 40

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

10. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Staff costs
Printing, postage and stationery
Travel
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		 AWF Music
2021
£
3,242
126
4
102
3,408
2,003
2,278
237
1,858
13,258		 AWF
Resilience
Programme
2021
£
14,590
565
16
459
15,337
9,015
10,250
1,068
8,361
59,661		 Amy's Place
Recovery
Housing
2021
£
8,104
314
9
255
8,521
5,009
5,694
594
4,645
33,145		 Total
funds
2021
£
32,420
1,256
36
1,020
34,082
20,034
22,778
2,374
22,180
136,180

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%

Page 41

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

11. Analysis of grants

Grants to Total
Institutions funds
2022 2022
£ £
AWF Music 33,200 33,200

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

AWF Music
Auditors' remuneration
Fees payable to the company's auditor for the audit of the company's
annual accounts		 Grants to
Institutions
2021
£
75,000
2022
£
10,680		 Total
funds
2021
£
75,000
2021
£
10,200

12. Auditors' remuneration

Page 42

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

13. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes		 Group
2022
£
161,112
13,766
3,490
178,368		 Group
2021
£
138,258
6,252
3,107
147,617		 Company
2022
£
161,112
13,766
3,490
178,368		 Company
2021
£
138,258
6,252
3,107
147,617

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

Administration
Fundraising
Management
Charitable activities		 Group
2022
No.
1
1
1
3
6		 Group
2021
No.
1
1
1
3
6

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 (2021 - £NIL) .

During the period ended 31 December 2022, no Trustee expenses have been incurred (2021 - £NIL) .

Page 43

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

15. Tangible fixed assets

Group and Company

Cost or valuation
At 1 January 2022
Additions
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the period
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021		 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
£
4,819
2,539
7,358
2,231
1,276
3,507
3,851
2,589		 Total
£
27,068
2,539
29,607
24,480
1,276
25,756
3,851
2,589

Page 44

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
16.
Fixed asset investments
Group
Cost or valuation
At 1 January 2022
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021
company
Cost or valuation
At 1 January 2022
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021		 Investments
in
subsidiary
companies
£
2
2
2
2
Investments
in
subsidiary
companies
£
3
3
3
3

Page 45

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

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
£ £
The Amy Winehouse Foundation Trading Limited 589,352 (589,352)

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 46

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

17. Stocks

Group Group
2022 2021
£ £
Finished goods and goods for resale 2,742 2,880

18. Debtors

Due within one year
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income		 Group
2022
£
11,729
-
449,519
461,248		 Group
2021
£
22,652
-
300,690
323,342		 Company
2022
£
704
509,476
6,061
516,241		 Company
2021
£
1,064
305,907
6,060
313,031

19. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 Group
2022
£
24,137
23,006
41,727
485,584
574,454		 Group
2021
£
7,269
14,829
40,961
457,650
520,709		 Company
2022
£
22,719
5,954
41,723
476,384
546,780		 Company
2021
£
4,817
4,360
40,961
445,651
495,789

Page 47

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

20. Statement of funds

Statement of funds - current period

Balance at 1
January
2022
£
Designated funds
AWF Recovery Pathways
62,436
Amy's Place Recovery Housing
270,000
General funds
General Funds - all funds
645,658
Total Unrestricted funds
978,094
Restricted funds
National Lottery Community
Fund - Amy's Place
27,158
Amy's Place Recovery Housing
-
27,158
Total of funds
1,005,252		 Income
£
Expenditure
£
-
(33,971)
-
(70,692)
754,485
(324,650)
754,485
(429,313)
-
(27,158)
93,195
(138,053)
93,195
(165,211)
847,680
(594,524)		 Transfers
in/out
£
50,000
-
(94,858)
(44,858)
-
44,858
44,858
-		 Balance at
31
December
2022
£
78,465
199,308
980,635
1,258,408
-
-
-
1,258,408

The past 3 years have evidenced how unpredictable the world can be and emphasise the importance of strong financial control. We continue to review our designated funds for our key projects to demonstrate our forward looking management view of 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 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. At the close of 2022, the balance of this fund is £199,308.

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 a further £50,000 from our 2022 reserves to secure funding for residential treatment placements in addition to our budget for counselling. At the close of 2022, the balance of this fund is £78,465.75.

Page 48

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

20. 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
Amy's Place Recovery Housing
Total of funds		 Balance at
1 January
2021
£
45,000
270,000
315,000
522,775
837,775
21,218
-
21,218
858,993		 Income
£
-
-
-
604,515
604,515
174,460
-
174,460
778,975		 Expenditure
£
(27,564)
-
(27,564)
(436,632)
(464,196)
(168,520)
-
(168,520)
(632,716)		 Transfers
in/out
£
45,000
-
45,000
(45,000)
-
-
-
-
-		 Balance at
31
December
2021
£
62,436
270,000
332,436
645,658
978,094
27,158
-
27,158
1,005,252

Page 49

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

21. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2022
£
Tangible fixed assets
3,852
Fixed asset investments
2
Current assets
1,829,007
Creditors due within one year
(574,454)
-
Total
1,258,407		 Total
funds
2022
£
3,852
2
1,829,007
(574,454)
(1)
1,258,407

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2021
£
2,589
2
1,496,212
(520,709)
978,094		 Restricted
funds
2021
£
-
-
27,158
-
27,158		 Total
funds
2021
£
2,589
2
1,523,370
(520,709)
1,005,252

Page 50

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

22. 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
Increase in debtors
Increase in creditors
Purchase of assets
Net cash provided by operating activities
23.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
24.
Analysis of changes in net debt
At 1
January
2022
£
Cash at bank and in hand
1,197,148
1,197,148		 Group
2022
£
253,157
1,274
138
(137,907)
53,743
(2,538)
167,867
Group
2022
£
1,365,016
1,365,016
Cash flows
£
167,869
167,869		 Group
2021
£
146,259
767
328
(61,561)
435,950
(3,356)
518,387
Group
2021
£
1,197,149
1,197,149
At 31
December
2022
£
1,365,017
1,365,017

Page 51

DocuSign Envelope ID: 1EDDC424-0CC3-4D4B-8344-11C228C3FFF3

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

25. 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 £3,906 (2021 - £3,107). Contributions totaling £1,056 (2021 - £779) were payable to the fund at the balance sheet date and are included in creditors.

26. Operating lease commitments

At 31 December 2022 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
2022
£
25,650
51,300
76,950		 Group
2021
£
25,650
76,950
102,600		 Company
2022
£
25,650
76,950
102,600		 Company
2021
£
25,650
76,950
102,600

27. 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 £7,459 (2021 - £24,186).

At the balance sheet date The Amy Winehouse Foundation Trading Limited owed £509,476 (2021 - £305,907) to The Amy Winehouse Foundation its immediate parent undertaking.

28. Controlling party

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

Page 52