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← Amy Winehouse Foundation

2024-12-31-accounts

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

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 2024

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

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 - 16
Independent auditors' report on the financial statements 17 - 20
Consolidated statement of financial activities 21
Consolidated balance sheet 22 - 23
Company balance sheet 24 - 25
Consolidated statement of cash flows 26
Notes to the financial statements 27 - 53

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

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 2024

Trustees Mitchell Winehouse, Chair
Janis Winehouse-Collins
Jane Winehouse
Barry Michael Yin
Stephen Lee
Michael Winehouse
Melissa Rice
Michael Collins (Resigned 9 May 2024)
Company registered
number
07737209
Charity registered
number
1143740
Registered office
5a Bear Lane
London
SE1 0UH
Charity website
https://amywinehousefoundation.org/
Independent auditors
Wellers
1 Vincent Square
London
SW1P 2PN
Bankers
Coutts & Co
440 Strand
London
WC2R 0QS

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Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024

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 2024. 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 self-esteem 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:

b. Strategies for achieving objectives

Our main strategic objectives for 2024 remained 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:

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Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

Objectives and activities (continued)

with stress and improve wellbeing in order to improve emotional resilience and reduce the likelihood of them resorting to negative coping behaviours (such as drugs and alcohol) when faced with life’s challenges.

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 £250,000 per annum.

We maintain our key objectives:

• To continue delivery and development of the ‘Amy Winehouse Foundation Resilience Programme’, a drug and alcohol awareness programme working primarily with secondary schools and colleges, Pupil Referral Units, APs (Alternative Provisions) and community organisations supporting young people. A 5-year independent evaluation completed in 2019, led to recommendations that this work should continue. Since April 2019 AWF has continued to support the Programme and has also sought funds from trusts and foundations, whose generous contributions have been hugely appreciated. We continue to seek external funding to support and extend future delivery of the programme, which continues to demonstrate high levels of effectiveness and is highly valued by the educational settings in which it works.

• To continue with ‘Amy’s Place’, our Recovery Housing Programme for young women; working with our delivery partners Clarion Housing Group (CHG) and residents to refine the delivery model and to continuously monitor and improve outcomes. We secured three-year funding from The National Lottery Community fund (TNLCF) of £499,094 which ended in February 2022. From April 2022 until March 2025, we have designated £270,000 towards three years costs and have received a matched funding commitment from our partners CHG, which has secured Amy’s Place as recovery housing until March 2025. We have subsequently secured a further one year matched-funding agreement with CHG which means that we now seek additional funding for provision from April 2026 onwards.

• To continue the ‘Recovery Pathways Programme’, which provides counselling and support for young people seeking to overcome issues with substance misuse. Helping young people navigate pathways to government-funded treatment providers and working with treatment charities Phoenix Futures and Kairos Community Trust, this programme also provides treatment placements for young people in need of residential rehabilitation for drug and alcohol dependency. We continued to utilise our designated fund through 2024.

• We fund a limited number of specific therapeutic and ‘Amy’ named music programmes in the UK and Saint Lucia, specifically for disadvantaged children and young people. We have increased funding in 2024 to make longer term provision for children accessing therapies within two of our supported charities.

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: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

Objectives and activities (continued)

c. Activities undertaken to achieve objectives

Total consolidated group income was £1,030,878.

Reflecting on 2024 the Foundation has a real sense of pride in the achievements of our work, as well as the incredible teams of people with whom we work. Everything we do is designed to build meaningful connections with the children and young people we work with – to form relationships that foster hope and optimism. Our staff, trustees and volunteers are exceptional, and the charity is grateful for their loyalty, service and support, all under the Managing Trusteeship of Jane Winehouse. Working together in a supportive environment is key to achieving the required results from our work.

During the period, the group generated unrestricted income of £919,436 and restricted income of £111,442. The charity incurred unrestricted expenditure of £688,812 and restricted expenditure of £111,442, creating a net surplus in reserves of £230,624. Closing reserves therefore stood at £1,818,465 of which £562,668 is considered for a designated purpose.

The charity received £507,975 in unrestricted donations.

Amy’s Place’, our recovery housing project for young women, has benefitted hugely through the past support of The National Lottery Community Fund (TNLCF) which provided 3 years funding support until the end of February 2022. Our partners at Clarion Housing Group have been key to the continuing success of the project and their ‘matched funding’ alongside our designation of funds have provided important financial stability. We have recently received confirmation from Clarion that they will continue to fund 50% of costs for the next coming year (1st April 2025 to 31st March 2026). We are of course very grateful for their continued support.

In recent years we have had an ambition to expand Amy’s Place under developmental review. Plans to expand the project have presented several significant challenges that have warranted careful consideration. Firstly, identifying suitable premises has proven difficult, with a paucity of affordable, appropriately sized and configured spaces that would meet operational needs. Secondly, it has taken many years to build the exceptional staff team that we have at Amy’s Place today and sourcing of qualified staff remains a persistent hurdle. Lastly, the charity sector continues to face ongoing funding constraints, with reduced grant availability and increased competition for donations, making financial sustainability for an expanded operation uncertain. These factors collectively suggest that expansion may not be viable without substantial risk, so we have decided to focus our attention on the ongoing stability and effectiveness of our existing Amy’s Place offering.

The Amy Winehouse Foundation Resilience Programme is our core ‘prevention’ programme, working primarily with secondary schools, to help young people learn positive coping skills and to recognise the importance of building emotional resilience. Our dedicated teams deliver assemblies and workshops in schools, colleges and community locations and explore with children and young people the risks associated with substance misuse and other negative behaviours. Our trained staff and volunteers include people in recovery from their own drug or alcohol problems. They may also have past experiences of poor mental health or homelessness. Through sharing elements of their lived experiences and how they have overcome these challenges, they help our beneficiaries gain a wider contextual understanding of the issues as well as helping them to learn how to make better informed decisions in their own lives. In 2024 the programme reached over 26,700 children and young people in 110 different educational and community settings. The Programme generated direct income of £15,374 from these settings as a contribution towards costs.

The Amy Winehouse Foundation ‘Recovery Pathways Programme’ provides support for young people up to age 30 who are seeking help 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. Depending on the individual, this could involve

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Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

Objectives and activities (continued)

signposting or referrals to other social care services, through to providing funded 12-week residential placements, as well as move-on housing and recovery support.

The charity continues to provide therapies, and in particular music therapy, for children with disabilities and lifelimiting illnesses and music tuition for children from disadvantaged socioeconomic backgrounds. We increased our grants this year to provide longer term funding for music therapists working in our already supported charities. We donated and/or pledged £196,539 to specific therapeutic and/or ‘Amy’/’AWF’ named projects supporting young people in our two core areas of focus:

We are fortunate to have received contractual rights to receive commercial income from certain contracts as a gift from the beneficiaries of the Estate of Amy Winehouse.

The charity received £268,605 Gift Aid income from its trading subsidiary. This income was largely represented by royalty income received from Fred Perry in respect of the sale of authorised merchandise.

The trading subsidiary incurred costs of £18,218, which were represented by support costs and salaries as set out in note 7 to the accounts.

We have retained a significant reserve at the year end to ensure we are able to meet our obligations to our own programmes for a minimum of the coming 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: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

Objectives and activities (continued)

d. Amy Winehouse Foundation Programmes 2024

Amy’s Place

In 2024 Amy’s Place provided safe supported accommodation for 16 young women and continued to fulfil our key mission and aims:

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.

‘I’m now surrounded by strong women who encourage each other and make each other laugh. Every single person there is different and Amy’s Place celebrates that and makes us feel empowered and supported in who we are.’ (Amy’s Place resident, 2024)

By mid 2024 we had settled with a regular team of staff, led by a familiar and respected project manager. We are nearly always at full capacity (16 residents), with short breaks when women move on to the next phase of their recovery and the accommodation undergoes safety regulations checks, repairs and maintenance prior to new residents moving in. Women coming to the end of their two-year tenancies can attend ‘move-on’ group meetings which support those who are preparing to leave Amy’s Place and helps them to navigate the challenges around learning to live independently. Consistently, leavers express gratitude for their time at Amy’s Place.

Our KPIs for the year show outcomes of over 98% 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 remained 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).

As well as monitoring using KPIs, we also invite residents to complete a quarterly anonymous ‘Residents Satisfaction Survey’. There were no changes in relation to four of the satisfaction survey domains between 2022 to 2023 and 2023 to 2024. Residents at Amy’s Place felt consistently treated well in terms of dignity and respect from the staff team and similarly were in positive agreement that they could recommend Amy’s Place to other women in recovery. Similarly, residents reported positively that they were supported to build positive relationships

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Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

Objectives and activities (continued)

and peer networks. These findings are consistently encouraging and represent the ethos of Amy’s Place in supporting women to make sustainable and continued positive changes in their recovery journeys.

We are extremely grateful to our volunteers who have donated their time to provide the following additional support at Amy’s Place during the year: hypnotherapy, sound healing, art therapy, nutrition, football coaching, drum teaching and yoga instruction. These contributions are very beneficial for the residents, providing health, well-being and activities for all to engage in. Our list of volunteer vacancies is compiled in consultation with our residents and is listed on our website. This means that volunteer activities are regularly refreshed and remain relevant to our residents’ needs and interests.

We are also grateful to a supporter who donated £10,000 to Amy’s Place earlier in the year in memory of her daughter. She was able to visit to see a dedicated bench that is now in the garden at Amy’s Place and to meet with some of the residents who planned a further ‘Recovery Sailing Trip’ part-funded by her generous donation. Five residents took this sailing opportunity accompanied by a member of our staff team.

September was ‘Recovery Month’ so we shared stories across our social media channels in support of this. We highlighted individuals’ stories, some anonymised, some not, to inspire and share messages of hope and how AWF has played a part in their journey recovery. In support of Recovery Month, Jane Winehouse spoke at the SHIP (Supported Housing in Partnership) Annual Conference accompanied by Rachel Geary, our Project Manager, and one of our residents. The session was titled ‘Amy’s Legacy beyond Music’ and focused on AWF’s work, in particular, Amy’s Place. The session was well received, and it was a good opportunity for us to highlight the various needs that can be met for young people through appropriately supported housing provision.

In ‘Addiction Awareness Week’, in November, residents and ex-residents shared their personal experiences of recovery at Amy’s Place via our social media channels to bring awareness to the campaign ‘Recovery Is Possible’.

We continue with our designated fund which has been match-funded by Clarion Housing to continue our work until March 2025. By early January 2025, we received confirmation from Clarion Housing Group that they were able to continue to fund 50% of costs for the next coming financial programme year (1st April 2025 to 31st March 2026). This was warmly received.

Ideally, we aim to have a 5-year funding plan to ensure sustainability and long-term positive outcomes for beneficiaries.

‘I’m very proud of myself. Because I’d never been someone who felt brave or able to push themselves forward. I had no confidence whatsoever unless I was using drugs or alcohol. I would always hide from the world.

I can’t tell you why I felt like this. But ever since I was a teenager, I’d feel really anxious and awkward and I didn’t like myself at all. I’d do anything to hide from my anxiety. I think that explains why I used drugs and drank.

But now I don’t hide. I’ve learned to deal with the world, and to find ways of coping with stress or worries that don’t require chemicals. I’ve learned to be less hard on myself and to breathe. Amy’s Place has really helped me with that.’ (Amy’s Place resident, 2024)

Amy Winehouse Foundation Resilience Programme

Young people often struggle to cope with the pressures of everyday life such as exams, relationships and social media. Some may feel the need to look or act in certain ways and others must deal with traumatic life events such as parents’ divorce or bullying. The need for a preventative approach is revealed by the statistics. The NHS Mental Health of Children and Young People Survey 2023 revealed 20.3% of 8- to 16-year-olds, 23.3% of 17- to

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Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

Objectives and activities (continued)

19-year-olds and 21.7% of 20- to 25-year-olds had a probable mental disorder. To cope children may turn to alcohol and/or drugs. The latest NHS data (1 September 2023 to 31 March 2024) shows that 62% of fifteen-yearolds in England have drunk alcohol and 11% of this age group drink at least once a week. 13% of 11- to 15-yearolds have taken drugs. 50% of all mental health problems start by the age of 14 (Lifetime Prevalence and Ageof-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.

Originally funded by the Big Lottery (2014-2019) the Resilience Programme is delivered by trained staff and volunteers who are in recovery from their own mental health issues and/or substance use disorders. The 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 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 work 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.

We deliver into a variety of school types, including community schools, foundation and voluntary schools, academies, free schools, City Technology Colleges, SEN schools and Pupil Referral Units (‘PRUs’s). During the school summer holiday period we focus on recruitment and training of new volunteers across our regions. All volunteers complete recognised ASDAN training and gain certification.

Research psychologist, Dr Claire Russell, works with our team on a consultancy basis to support monitoring and evaluation to ensure the programme’s continued effectiveness and ongoing development. The year’s focus has been around delivery outcomes, identifying key strengths, life share reviews and following up on suggestions from teachers via anonymised questionnaires. We are proud to be able to continue this hugely valuable preventative programme and are pleased that our analysis continues to identify areas for further development. One such area identified this year has been the paucity of education around nicotine products and vaping. This has led to the creation of a Vaping Workshop module that has involved young people in its development and content.

Throughout Q1 to Q4 2024, response data from young people across England who participated in the Resilience Programme was analysed. A total sample of 3236 young people responded to the young person survey within the extracted period. The survey is anonymous, to encourage young people to respond to questions authentically, based on their experiences of engaging with the Programme. The results evidence a continued pattern of positive outcomes, where young people are responsive and usually engage well with the sessions. There was a slight improvement, on average, in the 2024 findings in comparison to the 2023 findings. Importantly, most young people said that they would know where to go, to get help if they were concerned about their own or someone else’s substance use and that they would actually seek help too (90% of young people knew where to go and 90% said they would get help, respectively).

Vaping Workshops have been developed in response to rising concerns about the negative impact of underage vaping. Piloted with 23 young people, with feedback indicating increased knowledge and potential behavioural impact, survey questionnaires were finalised by Dr Clare Russell in late 2024, after on-going research to build an impactful and effective workshop with the intention for further roll-out across all sites. Initial feedback highlighted the importance of relatable delivery and pupil-led options for follow-up sessions. We are compiling ‘Delivery

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Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

Objectives and activities (continued)

Guide notes’ to assist in future training of staff and volunteers to deliver the workshops.

Other delivery and events have included:

In 2024 we delivered assemblies and workshop sessions to 26,782 children and young people in 110 schools and community settings. In addition, we worked with 23 young people in developing a new Vaping Workshop and delivered those new workshops to 79 young people. 42 of the sites we worked in were locations where we hadn’t delivered previously. Since 2014, including Vaping Workshop focus groups and Vaping Workshop deliveries, we have now worked with 436,945 children and young people in a total of 578 different schools and community settings.

In addition to our core areas of Greater London, Greater Manchester and Merseyside, during this year we have also worked with schools in South Yorkshire, Lancashire, Cheshire, Nottinghamshire, Cambridgeshire, Derbyshire, County Durham, Lincolnshire, East Riding, Kent, Essex, Buckinghamshire, Berkshire, Hertfordshire, Dorset, Hampshire, Gloucestershire, and Surrey.

Amy Winehouse Foundation Recovery Pathways Programme

‘Recovery Pathways’ helps young people, aged 18 to 30, who are struggling with substance dependency. Support is provided in a range of ways, including signposting, counselling, supported interventions and in some cases residential treatment. Our BACP accredited therapist works with dedication to support our beneficiaries and their families. Working with individuals, and sometimes involving family members, provides a supportive structure for the recovery process.

Most of the young people who contact us do not require residential treatment, but for those who do, specialist support in a safe and caring place can offer a life-changing 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. Since 2017, AWF and Phoenix Futures have been working together to provide access to residential rehabilitation for young people who have been unable to access state funding. During this time, we have supported more than 53 young people who otherwise would not have had the opportunity to receive residential treatment for their substance use disorders. In 2024, AWF provided treatment for three beneficiaries at Phoenix Futures. Two completed treatment, which means that the completion rate for this period was 66.6% and we continue together to exceed the national average of 57%.

This year we also provided a non-residential day programme placement via treatment charity Kairos Community Trust.

We experienced a steady stream of enquiries throughout the year, with a significant continuing trend in the increasing number of enquiries related to Ketamine addiction. In total we received 70 enquiries and supported 58 young people through the programme.

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Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

Objectives and activities (continued)

Other programmes

In 2024, AWF provided £196,539 in strategic grants to projects aligned with our key focus areas:

  1. Support for vulnerable individuals: Treatment and counselling for young people struggling with drug and alcohol misuse.

  2. Personal development through music: Music therapy and tuition for disadvantaged young people and children with disabilities.

Funded Projects:

AWF provided new support for the following initiatives in 2024:

Grant Compliance

All grantees are required to adhere to the terms outlined in their Grant Letter, including the grant purpose, funding period, monitoring, and evaluation requirements. Recipients must submit a written Grant Report detailing their progress and outcomes. This report highlights AWF’s ongoing commitment to supporting vulnerable individuals and disadvantaged young people through targeted treatment programmes and musicbased initiatives.

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Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

Objectives and activities (continued)

e. Staff and volunteers

During this period, the charity employed one full-time and one part-time member of staff at any one time in respect of administration and fundraising. In respect of charitable activities, the charity employed a maximum of 4 full and part-time members of staff at any one time and relied on voluntary support to carry out much of its work.

22 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. 15 volunteers contributed 89 hours towards Resilience Programme sessions in schools. At Amy’s Place 7 volunteers contributed approximately 508 hours throughout the year. Activities included Art Psychotherapy, Singing Classes, Football Coaching, Drum Teaching, Sound Healing and Hypnotherapy.

In addition to the above, a member 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.

Financial review

a. Going concern

The financial statements have been prepared on a going concern basis on the understanding 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 that 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 is protected from foreseen risk.

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 £1,818,465 (2023 - £1,587,843). These funds are unrestricted with £562,668 designated (2023 - £315,191) for specific purposes as described in note 21 (Restricted funds in 2024 were nil).

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Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

c. Income from donations and legacies

The Amy Winehouse Foundation is immensely grateful to the organisations, individuals and Winehouse 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 just some of the organisations who have generously contributed during the past year

Alchemy Foundation £1,000
Astor Foundation £1,000
Combe Bank Educational Trust £20,000
Edwards Family Charitable Trust £5,000
Fowler Smith & Jones Trust £1,500
Gowling LG(UK) Charitable Trust £1,000
Groundwork UK Tesco £19,750
J Davy Foundation £30,000
Labtech London Ltd £1,500
The Beckmead Trust - through Now & Beyond £2,040
Michael JP Davies £5,000
Vintners Foundation £10,000
Worshipful Company of Founders £4,000

In July 2022, the Amy Winehouse Foundation was generously granted £410,502.90, as a gift from the Winehouse Family, received through the proceeds of an auction. At this time, there was a request that this fund be ringfenced for the development of a second Amy’s Place facility, with a review to be held before 31 December 2024. At this review, the development experience to date demonstrated difficulties in establishing a suitable building, as well as staffing and servicing of a separate facility. We have reported previously on this. It was decided that the request placed on this fund could be removed in the year to 31 December 2024, to provide a subsequent increase in donation income. It is the aim of the foundation to utilise this fund for continued reserves support for AWF programmes and core costs over the years ahead, as needed.

d. Material investments policy

The charity has no investments other than in bank deposit accounts and bank/building society bonds, at fixed interest rates. Given that we don’t have funding plans beyond three years, the trustees are not prepared to consider investments other than those of relatively low risk. In order to support our reserves policy, the trustees decided to enable the management team to make cash deposits of up to two years, subject to the considered cash flow needs. These deposits recognise the interest as and when received. The charity deposits outside of the charity bankers will be held within the FSCS guarantee limit and are subject to management team discussion.

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Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

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 Amy Winehouse Foundation Trading Limited, which has the principal objective of carrying out fundraising activities on behalf of the Foundation as it aims to maximise income.

b. Management team structure

The management of the charity and the group is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association, on the recommendation of existing board members. All Trustees give of their time freely and are unremunerated. There are currently 7 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 and Amy’s mother. 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 providing valuable sector specific advice and guidance, particularly in the areas of fundraising and governance; a corporate lawyer, specialising in wealth management, financial services markets and regulation; an experienced philanthropy and fundraising manager and an author/broadcaster/campaigner with lived experience of addiction and recovery.

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.

Page 13

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

Structure, governance and management (continued)

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.

f. Risk assessment and control

The Trustees have implemented robust procedures to ensure charity assets are adequately safeguarded. These are reviewed on a biannual basis as part of the internal risk assessment procedures. As part of this process, a risk register has been developed which identifies all potential major risks to the charity, its objectives and reputation. The responsibility for the prevention of each potential risk has been assigned to the appropriate member of the board of Trustees or staff team. Each risk is identified through a process of consultation. As additional risks are identified, these are added to the risk register and each item on the register is reviewed by the Board every 6 to12 months. The Trustees are thus satisfied that they have assessed the major risks to which the charity is exposed, in particular those related to operations, health and safety, safeguarding and finances, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

g. Trustees' indemnities

The charity has purchased Trustees Indemnity Insurance in respect of claims for breach of professional duty of Trustees, the level of which is £500,000.

h. Public benefit

The Trustees have ensured that they have complied with section 4 of the Charities Act 2011 and referred to the guidance contained in the Charity Commission’s general guidance on public benefit when developing their strategy to carry out the charity’s objects and in planning future charitable activities and grantmaking policies.

Page 14

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

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

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.

With support from our grantees and donors, our overarching aim is to continue to provide education, signposting and support for children and young people who fall between the gaps.

Specifically, we shall:

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.

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, for example recent development of Vaping Workshops.

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 15

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

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:

................................................ 8B4EF596799B49D... Jane Winehouse

Date: 26-09-25

Page 16

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

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 2024 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 17

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

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 18

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

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 19

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

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 BFP FCA (Senior statutory auditor)

for and on behalf of Wellers

Statutory Auditors 1 Vincent Square London SW1P 2PN

Date: 26-09-25

Page 20

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD ENDED 31 DECEMBER 2024

Note
Income from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
8
Total income
Expenditure on:
Raising funds
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
2024
£
563,725
15,374
286,823
53,514
919,436
43,741
645,071
688,812
230,624
1,587,841
230,624
1,818,465		 Restricted
funds
2024
£
111,442
-
-
-
111,442
-
111,442
111,442
-
-
-
-		 Total
funds
2024
£
675,167
15,374
286,823
53,514
1,030,878
43,741
756,513
800,254
230,624
1,587,841
230,624
1,818,465		 Total
funds
2023
£
390,087
18,114
480,809
32,671
921,681
59,349
532,899
592,248
329,433
1,258,408
329,433
1,587,841

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

The notes on pages 27 to 53 form part of these financial statements.

Page 21

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

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

CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2024

Note
Fixed assets
Tangible assets
15
Investments
16
Current assets
Stocks
17
Debtors
18
Investments
19
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
20
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
21
Unrestricted funds
21
Total funds		 2,610
281,088
1,129,480
438,599
1,851,777
(208,608)		 2024
£
4,496
170,800
175,296
1,643,169
1,818,465
1,818,465
-
1,818,465
1,818,465		 2,868
415,695
1,020,000
355,813
1,794,376
(530,451)		 2023
£
2,576
321,340
323,916
1,263,925
1,587,841
1,587,841
-
1,587,841
1,587,841

Page 22

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

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

CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024

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

Date: 26-09-25

The notes on pages 27 to 53 form part of these financial statements.

Page 23

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

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

COMPANY BALANCE SHEET AS AT 31 DECEMBER 2024

Note
Fixed assets
Tangible assets
15
Investments
16
Current assets
Debtors
18
Investments
19
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
20
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
21
Unrestricted funds
21
Total funds		 277,761
1,129,480
436,890
1,844,131
(200,963)		 2024
£
4,496
170,801
175,297
1,643,168
1,818,465
1,818,465
-
1,818,465
1,818,465		 452,201
1,020,000
312,889
1,785,090
(520,688)		 2023
£
2,098
321,341
323,439
1,264,402
1,587,841
1,587,841
-
1,587,841
1,587,841

Page 24

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

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

COMPANY BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024

The company's net movement in funds for the period was £ 230,624 (2023 - £ 329,433 ) .

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

Date: 26-09-25

The notes on pages 27 to 53 form part of these financial statements.

Page 25

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 DECEMBER 2024

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Proceeds from sale of investments
Cash deposits invested
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 27 to 53 form part of these financial statements		 2024
£
(7,797)
53,515
(3,992)
41,060
-
90,583
-
82,786
355,813
438,599		 2023
£
299,464
32,671
-
-
(841,340)
(808,669)
-
(509,205)
865,018
355,813

Page 26

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

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), 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.

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 are satisfied that liabilities can be met as they fall due and, accordingly, present these accounts on a going concern basis.

Page 27

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

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 28

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.5 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Consolidated statement of financial activities upon the completion of the relevant performancerelated conditions. Other grants that are not subject to performance-related conditions are credited to the Consolidated statement of financial activities as the grant proceeds are received. Grants received prior to the revenue recognition criteria being satisfied are recognised as a liability.

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 - 20 or 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 29

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

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 30

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

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.

Page 31

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

4. Income from donations and legacies

Unrestricted
funds
2024
£
Donations
507,975
Grants
55,750
563,725
Unrestricted
funds
2023
£
Donations
190,087
Grants
85,000
275,087		 Restricted
funds
2024
£
111,442
-
111,442
Restricted
funds
2023
£
115,000
-
115,000		 Total
funds
2024
£
619,417
55,750
675,167
Total
funds
2023
£
305,087
85,000
390,087

Page 32

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

5. Income from charitable activities

Unrestricted
funds
2024
£
AWF Resilience Programme
15,374
Unrestricted
funds
2023
£
AWF Resilience Programme
18,114		 Total
funds
2024
£
15,374
Total
funds
2023
£
18,114

Page 33

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

6. Income from other trading activities

Unrestricted
funds
2024
£
Fundraising income
286,823
Unrestricted
funds
2023
£
Fundraising income
480,809
Fundraising costs
2024
£
Fundraising costs
3,564
Contribution to support and establishment costs
13,690
Contribution to wages and salaries
27,853
Depreciation
479
45,586		 Total
funds
2024
£
286,823
Total
funds
2023
£
480,809
2023
£
2,669
29,373
26,567
479
59,088

7. Fundraising costs

Page 34

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

8. Investment income

Unrestricted
funds
2024
£
Interest receivable
53,514
Unrestricted
funds
2023
£
Interest receivable
32,671		 Total
funds
2024
£
53,514
Total
funds
2023
£
32,671

Page 35

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

9. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2024
£
AWF Recovery Pathways
104,646
AWF Music
206,994
AWF Resilience Programme
215,846
Amy's Place Recovery Housing
117,585
645,071
Unrestricted
funds
2023
£
AWF Recovery Pathways
65,843
AWF Music
47,448
AWF Resilience Programme
210,247
Amy's Place Recovery Housing
94,115
417,653		 Restricted
funds
2024
£
-
-
-
111,442
111,442
Restricted
funds
2023
£
-
-
-
115,246
115,246		 Total
2024
£
104,646
206,994
215,846
229,027
756,513
Total
2023
£
65,843
47,448
210,247
209,361
532,899

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

Page 36

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

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
2024
£
64,013
-
169,660
202,884
436,557
Activities
undertaken
directly
2023
£
42,749
-
158,283
180,493
381,525		 Grant
funding of
activities
2024
£
-
196,539
-
-
196,539
Grant
funding of
activities
2023
£
-
35,900
-
-
35,900		 Support
costs
2024
£
40,633
10,455
46,186
26,143
123,417
Support
costs
2023
£
23,094
11,548
51,964
28,868
115,474		 Total
funds
2024
£
104,646
206,994
215,846
229,027
756,513
Total
funds
2023
£
65,843
47,448
210,247
209,361
532,899

Page 37

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

10. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Direct projects costs
Staff costs
Direct projects costs		 AWF
Recovery
Pathways
2024
£
10,569
53,444
64,013
AWF
Recovery
Pathways
2023
£
10,211
32,538
42,749		 AWF
Resilience
Programme
2024
£
142,764
26,896
169,660
AWF
Resilience
Programme
2023
£
140,634
17,649
158,283		 Amy's Place
Recovery
Housing
2024
£
-
202,884
202,884
Amy's Place
Recovery
Housing
2023
£
-
180,493
180,493		 Total
funds
2024
£
153,333
283,224
436,557
Total
funds
2023
£
150,845
230,680
381,525

Page 38

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

10. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Legal & professional fees
Printing, postage and stationery
Telephone and computer
charges
Rent
Establishment and general
office expenses
Accountancy and administration
Bank charges
Governance costs		 AWF
Recovery
Pathways
2024
£
8,000
484
225
211
5,328
3,396
2,811
456
19,722
40,633		 AWF Music
2024
£
4,001
242
112
105
2,664
1,698
1,405
228
-
10,455		 AWF
Resilience
Programme
2024
£
17,145
1,089
504
475
11,989
7,636
6,324
1,024
-
46,186		 Amy's Place
Recovery
Housing
2024
£
10,001
605
281
264
6,661
4,247
3,514
570
-
26,143		 Total
funds
2024
£
39,147
2,420
1,122
1,055
26,642
16,977
14,054
2,278
19,722
123,417

Page 39

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

10. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Staff costs
Subscriptions
Printing, postage and stationery
Travel
Telephone and computer
charges
Rent
Establishment and general
office expenses
Accountancy fees
Bank charges
Governance costs		 AWF
Recovery
Pathways
2023
£
7,462
10
161
1
153
5,328
3,318
3,325
450
2,886
23,094		 AWF Music
2023
£
3,731
5
81
-
77
2,664
1,659
1,663
225
1,443
11,548		 AWF
Resilience
Programme
2023
£
16,790
23
363
2
345
11,989
7,465
7,482
1,013
6,492
51,964		 Amy's Place
Recovery
Housing
2023
£
9,328
13
202
1
192
6,661
4,147
4,157
563
3,605
28,869		 Total
funds
2023
£
37,311
51
807
4
767
26,642
16,589
16,627
2,251
14,426
115,475

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 40

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

11. Analysis of grants

Grants to Total
Institutions funds
2024 2024
£ £
AWF Music 196,539 196,539
An analysis of the organisations benefiting from the above grants are detailed in the Trustees report.
Grants to Total
Institutions funds
2023 2023
£ £
AWF Music 35,900 35,900
Auditors' remuneration
2024 2023
£ £
Fees payable to the company's auditor for the audit of the company's
annual accounts 11,200 10,680

12. Auditors' remuneration

Page 41

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

13. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes		 Group
2024
£
200,083
15,338
4,912
220,333		 Group
2023
£
194,980
15,729
4,013
214,722		 Company
2024
£
200,083
15,338
4,912
220,333		 Company
2023
£
194,980
15,729
4,013
214,722

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

Administration
Fundraising
Management
Charitable activities		 Group
2024
No.
1
1
1
3
6		 Group
2023
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 (2023 - £NIL) .

During the period ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL) .

Page 42

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

15. Tangible fixed assets

Group and Company

Cost or valuation
At 1 January 2024
Additions
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the period
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 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
£
7,358
3,992
11,350
4,781
2,073
6,854
4,496
2,576		 Total
£
29,607
3,992
33,599
27,030
2,073
29,103
4,496
2,576

Page 43

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

16. Fixed asset investments

Group
Cost or valuation
At 1 January 2024
Additions
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
company
Cost or valuation
At 1 January 2024
Additions
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Investments
in
subsidiary
companies
£
2
-
2
2
2
Investments
in
subsidiary
companies
£
3
-
3
3
3		 Unlisted
investments
£
-
170,798
170,798
170,798
-
Unlisted
investments
£
-
170,798
170,798
170,798
-		 Total
£
2
170,798
170,800
170,800
2
Total
£
3
170,798
170,801
170,801
3

Page 44

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

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 286,823 (286,823)

The financial results of the subsidiaries for the year were:

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 45

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

17. Stocks

Finished goods and goods for resale
18.
Debtors
Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
19.
Current asset investments
Short term investments		 Group
2024
£
1,647
-
-
279,441
281,088
Group
2024
£
1,129,480		 Group
2023
£
1,683
-
686
413,326
415,695
Group
2023
£
1,020,000		 Group
2024
£
2,610
Company
2024
£
1,096
270,605
-
6,060
277,761
Company
2024
£
1,129,480		 Group
2023
£
2,868
Company
2023
£
1,408
444,733
-
6,060
452,201
Company
2023
£
1,020,000

Page 46

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

20. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 Group
2024
£
35,168
5,293
141,669
26,478
208,608		 Group
2023
£
4,618
6,252
31,595
487,986
530,451		 Company
2024
£
32,473
5,143
141,669
21,678
200,963		 Company
2023
£
4,053
6,252
31,595
478,788
520,688

Income deferred at the year end amounts to £0 (2023 - £440,503). During the year £440,503 of deferred income was released from previous reporting periods.

Page 47

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

21. Statement of funds

Statement of funds - current period

Designated funds
AWF Recovery Pathways
Amy's Place Recovery Housing
Richard Collins Development
Fund
General funds
General Funds - all funds
Total Unrestricted funds
Restricted funds
Amy's Place Recovery Housing
Total of funds		 Balance at 1
January
2024
£
101,376
133,815
80,000
315,191
1,272,650
1,587,841
-
1,587,841		 Income
£
-
-
-
-
919,436
919,436
111,442
1,030,878		 Expenditure
£
(36,081)
(91,442)
-
(127,523)
(561,289)
(688,812)
(111,442)
(800,254)		 Transfers
in/out
£
-
375,000
-
375,000
(375,000)
-
-
-		 Balance at
31
December
2024
£
65,295
417,373
80,000
562,668
1,255,797
1,818,465
-
1,818,465

Page 48

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

21. Statement of funds (continued)

In recent years we have learned how unpredictable the world can be, which emphasises 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 beneficiaries and employees.

'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. The trustees continue to support the positive impacts achieved by the Amy's Place project. In this respect they have designated £375,000 as a three year fund to support the continuity of future service provision. At the close of 2024, the fund balance of £417,373 reflects the £375,000 designated in the year, plus £42,373 from designation in previous 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 designated £40,000 from our 2023 reserves to secure funding for residential treatment placements in addition to our budget for counselling during 2024. At the close of 2024, the balance of this fund is £65,295.

The Richard Collins Development Fund (RCDF) recognises the enormous contribution made to the Amy Winehouse Foundation by Richard Collins and is designed to reflect, through its grant making, the key interests and concerns important to Richard throughout his life and time as a trustee of the Amy Winehouse Foundation. The £100,000 Fund is established as an unpublished revenue based, grant making Designated Fund. The focus will be on supporting charities working with excluded and/or disadvantaged babies, children and young people. No awards were made in 2024. At the close of 2024, the balance of this fund is £80,000.

Page 49

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

21. Statement of funds (continued)

Statement of funds - prior period

Unrestricted funds
Designated funds
AWF Recovery Pathways
Amy's Place Recovery Housing
Richard Collins Development
Fund
General funds
General Funds - all funds
Total Unrestricted funds
Restricted funds
Amy's Place Recovery Housing
Total of funds		 Balance at
1 January
2023
£
78,465
199,308
-
277,773
980,636
1,258,409
-
1,258,409		 Income
£
-
-
-
-
806,680
806,680
115,000
921,680		 Expenditure
£
(17,089)
(65,247)
(20,000)
(102,336)
(374,666)
(477,002)
(115,246)
(592,248)		 Transfers
in/out
£
40,000
(246)
100,000
139,754
(140,000)
(246)
246
-		 Balance at
31
December
2023
£
101,376
133,815
80,000
315,191
1,272,650
1,587,841
-
1,587,841

Page 50

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

22. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2024
£
Tangible fixed assets
4,496
Fixed asset investments
170,800
Current assets
1,851,777
Creditors due within one year
(208,608)
Total
1,818,465		 Total
funds
2024
£
4,496
170,800
1,851,777
(208,608)
1,818,465

Analysis of net assets between funds - prior period

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2023
£
2,576
321,340
1,794,376
(530,451)
1,587,841		 Total
funds
2023
£
2,576
321,340
1,794,376
(530,451)
1,587,841

Page 51

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

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

Net income for the period (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Dividends, interests and rents from investments
Decrease/(increase) in stocks
Decrease in debtors
Decrease in creditors
Net cash provided by/(used in) 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
2024
£
Cash at bank and in hand
355,813
355,813		 Group
2024
£
230,624
2,072
(53,514)
258
134,607
(321,844)
(7,797)
Group
2024
£
438,599
438,599
Cash flows
£
82,786
82,786		 Group
2023
£
329,433
1,275
(32,671)
(126)
45,553
(44,000)
299,464
Group
2023
£
355,813
355,813
At 31
December
2024
£
438,599
438,599

Page 52

Docusign Envelope ID: 37FC4C6C-7625-4D9B-8520-A62CA0BD31B2

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

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 £4,331 (2023 - £3,465). Contributions totaling £987 (2023 - £1,100) were payable to the fund at the balance sheet date and are included in creditors.

27. Operating lease commitments

At 31 December 2024 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
2024
£
25,650
-
25,650		 Group
2023
£
25,650
25,650
51,300		 Company
2024
£
25,650
-
25,650		 Company
2023
£
25,650
25,650
51,300

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 Trading Limited) is connected in respect of accounting services for the period totaling £8,639 (2023 - £11,838).

At the balance sheet date the Amy Winehouse Foundation Trading Limited owed £270,605 (2023 - £444,733) 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.

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