amy winehouse foundation

Registered number: 07737209 Charity number: 1143740

AMY WINEHOUSE FOUNDATION

AUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2018

AMY WINEHOUSE FOUNDATION (A company limited by guarantee)

CONTENTS

Page

Reference and administrative details of the charity, its trustees and advisers 1

Trustees' report 2-11

Independent auditors' report 12 -14

Consolidated statement of financial activities 15

Consolidated balance sheet 16

Company balance sheet 17

Consolidated statement of cash flows 18

Notes to the financial statements 19 - 34


REFERENCE AND ADMINISTRATIVE DETAILS FOR THE PERIOD E

OF THE COMPANY, ITS TRUSTEES AND ADVISERS NDED 31 DECEMBER 2018

T rustees Mitchell Winehouse, Chair Janis Winehouse-Collins; Jane Winehouse j Margaret Cody ' Raymond Cosbert 1

Richard Collins ;

Peter Grant Adrian Levy • Jonathan Simpson ; Yogesh Kumar Dewan • Barry Michael Yin :

Stephen Lee (appointed :21 May 2018)

Company registered number 07737209

Charity registered number 1143740

Registered office 5a Bear Lane Harley Street London SE10UH

Charity website

Independent auditors

https://amywinehousefoundation.org/

Wellers Statutory Auditors 1 Vincent Square London SW1P2PN

Bankers Coutts & Co 440 Strand London WC2R OQS

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AMYWINEHOUSE FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT FOR THE PERIOD ENDED 31 DECEMBER 2018

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 2018. 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) (effective 1 January 2015) as amended by Update Bulletin 1 (effective 1 January 2015).

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.

STRUCTURE, GOVERNANCE AND MANAGEMENT

CONSTITUTION

Amy Winehouse Foundation is registered as a charitable company limited by guarantee and was set up on 11/08/2011 and is governed by its Memorandum and Articles of Association. Registered charity number: 1143740, company number: 07737209.

The charity has a trading subsidiary called The Amy Winehouse Foundation Trading Limited, which has the principal objective of carrying out fundraising activities on behalf of the Foundation in an attempt to maximise income.

OUR MISSION AND STRATEGY

PRINCIPAL OBJECTIVE, STRATEGIES FOR ACHIEVING OBJECTIVES AND PUBLIC BENEFIT

The Amy Winehouse Foundation (AWF) is a registered charity set up in Amy's memory to support charitable activities in both the UK and abroad. The objects of the charity, as defined by its governing document are to support charities and organisations undertaking charitable activities in both the United Kingdom and abroad who provide help, support or care for young people, especially, but not exclusively those who are in need by reason of ill health, disability, financial disadvantage or addiction. The trustees define the way in which the charity aims to carry out these objectives in the following terms.

Our Mission: 'The Amy Winehouse Foundation works to prevent the effects of drug and alcohol misuse on young people. We also aim to support, inform and inspire vulnerable and disadvantaged young people to help them reach their full potential.'

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.

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TRUSTEES' REPORT (continued) FOR THE PERIOD ENDED 31 DECEMBER 2018

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The charity delivers its objectives principally through the following activities: • Developing projects and programmes that further its objects and extend public benefit. • Developing partnerships and working with other charities and organisations to increase the expertise, scale and reach of our charitable work. j • Increasing public awareness and understanding of the issues affecting young people • Consulting and involving young people and service users to develop our programmes. • Providing grants to organisations that carry out work that meets the charity's mission and have significant and cost-effective impact in its three core areas of focus.

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WHO WE ARE I

Management team structure '

The management of the charity and the group is the jresponsibility 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 12 Trustees holding office and these are listed on page 1. The Trustees meet every 6-8 weeks to review the performance of the charity and make any decisions necessary regarding governance. The board of Trustees includes the charity's founders - Amy's father and his wife, Amy's mother and her husband* The board includes trustees with a range of relevant skills and experience. This spread enables the board to ensure the charity can focus its work appropriately to Amy's legacy while also being equipped with the relevant knowledge and experience to support the charity's needs. Additional members are recruited by existing board members, by identifying skills gaps. The board includes a lecturer in voluntary sector management providing yaluable sector specific advice and guidance, particularly in the area of governance; a former mayor of Camden, who has been a loyal supporter of the charity since its inception; a founder and CEO of a wealth management company with extensive experience in global investment banking and a corporate lawyer, specialising in wealth management, financial services markets and regulation. During 2018, the board was joined by Professor Stephen Lee, Senior Teaching Fellow in Voluntary Sector Management at Cass Business School. He is the Course Leader MSC in Non-Profit Fundraising & Strategic Marketing and teaches Fundraising and the Law,. Fundraising Ethics and Fundraising and Marketing Strategy.

Board Committees

There are three sub-committees with specific responsibility to the Board of Trustees: • Governance Committee - meets twice per year • Fundraising and Events Committee - meets quarterly • HR Committee - meets twice per year .

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 an1 outline of roles & responsibilities, key duties, conflicts of interest, furidraising, 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.

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Related parties

The Trustees are satisfied that all related party transactions have been identified, as disclosed in note 23 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.

Risk assessment and control

The Trustees have implemented robust procedures to ensure charity assets are adequately safeguarded. These are reviewed on a bi-annual 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 and each item on the register will be reviewed every 6-12 months. Each risk is identified throughout a process of consultation and in line with proven effective models used by other organisations similar to the charity. As additional risks are identified, these are added to the risk register and reviewed every 6-12 months. The Trustees are thus satisfied that they have assessed the major risks to which the charity is exposed, in particular those related to operations and finances, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

Public Benefit

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

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.

STAFF AND VOLUNTEERS

During this period, the charity employed two full time members of staff at any one time in respect of administration and fundraising.

In respect of charitable activities, the charity employed a maximum of 13 full and part time members of staff at any one time and relied on voluntary support to carry out much of its work. In excess of 106 volunteers donated their time during the period. Volunteer roles were varied and included Resilience Programme delivery, Amy's Place delivery and events organisation. In 2018, 3093 hours of volunteering contributed towards delivery of sessions in schools as part of the 'Resilience Programme'. Two members of the Winehouse family volunteered full time for the charity.

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AMY WINEHOUSE FOUNDATION I

(A company limited by guarantee)

I TRUSTEES' REPORT (continued)

FOR THE PERIOD ElilDED 31 DECEMBER 2018

RESERVES POLICY j . I

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. :

FIVE-YEAR STRATEGY AND OUR ACTIVITIES IN 12018

STRATEGY j

Our main strategic objectives for 2018 were to further develop and deliver the Amy Winehouse Foundation's own projects and programmes: j • The Amy.Winehouse Foundation Resilience Programme' schools education programme, in partnership with Addaction. ' • 'Amy's Place', female recovery house, in partnership with Centra Care and Support. • 'Amy's Yard', music programme.

Following a strategic review in 2014, we defined strategic operational objectives to extend our reach and impact for young people over a five-year period. | As part of that strategy, in 2015 we ceased our open-application grants programme. We now fund only a limited number of specific 'AWF' named music programmes in the UK, Jamaica and Saint Lucia, j We also fund a number of rehab placements for young people in need of residential treatment for drug and alcohol dependency.

We maintain our key objectives: ! • To continue delivery and evaluation of our Resilience Programme in partnership with Addaction and plan and secure funding for future maintenance and growth. • To continue and extend delivery of our Resilience Programme in partnership with Addaction and plan and secure funding for future maintenance and growth. • To continue to evaluate and develop our own music-related programmes, in particular our 'Amy's Yard' programme. i • • To continue with 'Amy's Place', our Recovery Housing Programme for young women; working with our delivery partners Centra Care and Support and residents, to refine the delivery model to continuously monitor and improve outcomes and to secure long term funding.

Additionally, we use the evidence base we develop in all programmes to influence those that can create change, and reduce stigma and change people's perceptions about young people.

In 2015 we ceased our open-application grants programme. We now fund only a limited number of specific 'AWF' named music programmes in the UK, Jamaiqa and Saint Lucia. We also fund a number of AWF 'charity beds' for young people in need of residential treatment for drug and alcohol dependency.

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REVIEW OF ACTIVITIES

Totai consolidated group income was £982,842.

Our income included funds from the Big Lottery for the fifth and final year of delivery of the 'Amy Winehouse Foundation Resilience Programme', which is delivered in partnership with national treatment provider Addaction. The combined attendance figure for all universal sessions within the Programme, assemblies and workshops, to 31 December 2018, stands at 293,623 students. A programme evaluation, led by a team based between Harvard University and the University of Bath, has continued to report extremely positive interim findings. The final evaluation will be published in 2019. -

The work delivered so far has been widely acclaimed and is welcomed by schools. The team involved have built valuable experience and contacts, which carinot easily be replaced. On-going funding for the Programme has not yet been achieved, so an exit strategy has been developed where the existing Programme will deliver to fewer locations, which will be supported by AWF, whilst locally focussed funding applications are made.

One of our key objectives had been to open a recovery house for young people. In 2016 we partnered with Circle Care and Support Ltd to launch 'Amy's Place', a recovery house specifically for young women. Throughout the past two years, the project has continued to provide a safe home in a supported environment for up to 16 young women at a time. In December 2018, a bid for funding to The National Lottery Community fund was successful and will provide funding for the project for the coming 3 years. We look to develop new recovery pathways in the future.

Our 'Amy's Yard' music programme completed a further successful year, running two cohorts with a total of 32 participants completing the 12-week AQA accredited programme. The programme helps the participants develop greater self-awareness and personal development both as artists and as individuals, whilst enhancing their education, training and employment potential. Partial funding was achieved from Youth Music, however the required match funding required for ongoing funding proved difficult to achieve. After the final Amy's Yard Graduation in September 2018, a review of the programme prompted the decision to review our music programmes focus and delivery. The review is ongoing.

The charity received £196,545 income from its trading subsidiary. This comprised: • Sales of merchandise, commissions and royalty income, including royalty income received from Fred Perry in respect of the sale of authorised merchandise. The contractual right to receive income from Fred Perry was gifted to the charity by the beneficiaries of the Estate of Amy Winehouse. • Ticket sales and sponsorship from the 2018 Amy Winehouse Foundation Gala Dinner, held on 11th October 2018. • Income from performances by Mitch Winehouse. .

The charity received £147,443 in donations.

In addition to our programmes detailed below, the charity also donated and/or pledged £64,036 to 'AWF' named projects supporting young people in our core areas of focus. Our aims were to: • Provide support for those most vulnerable, those at high risk of misuse, or disadvantaged through circumstance. • Support personal development of disadvantaged young people through music.

The charity has provided treatment and counselling for young people struggling with drug and alcohol misuse. It has also provided music therapy for children with disabilities and life-limiting illnesses and music tuition for children from disadvantaged socio-economic backgrounds.

We have retained a significant reserve at the year end to ensure we are able to meet our obligations to our own programmes for the next year- i.e. the development of our Schools Programme, beyond National Lottery Funding, as well as Amy's Place and development of our counselling, treatment and recovery work.

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AMY WINEHOUSE FOUNDATION PROGRAMMES

Amy Winehouse Foundation Resilience Programme j

The 'Resilience Programme' aims to educate young people aged 11-18, their parents and teachers in secondary schools in England on the risks, effects and underlying issues surrounding drugs and alcohol, and support those already affected by substance misuse within their home life. The Programme is delivered in partnership with Addaction, one of the UK's leading treatment providers of services for people struggling with addiction to drugs and/or alcohol. :

Early in 2014 the partnership was awarded five-year funding by the BIG Lottery to deliver the Programme in secondary schools across England and to carry out an independent five-year evaluation. The total grant value of £4,329,544 goes towards funding for both organisations' delivery over the five-year period, during which the Programme is targeted to deliver 220,000 assemblies and 51,000 workshops to students, 25,000 parents awareness sessions, 1,250 teachers training sessions and recruit 250 volunteers across 250 schools.

In April 2018 we hosted a funders event at Thomas Tallis School in Greenwich. It was attended by local borough representatives and some potential funders. The delegates had a chance to hear from students, Addaction's CEO and the Winehouse Family regarding the programme and its impact. The event was highly successful and led to some additional programme funding. In addition to funding from the BIG Lottery and AWF, the Programme received additional funding from Greenwich Children's Services, Brent Magistrates and private donations. :

Key Outputs: ; During 2018, teams of staff and volunteers delivered: Assemblies to 45,240 students Workshops to 20,412 students

The Programme is delivered to school pupils through assemblies, which include life shares from people in recovery from personal substance misuse. Life shares focus on thoughts, feelings, behaviours and underlying issues that can make some young people more susceptible to substance misuse. The Programme includes:

• Parents' sessions to inform parents about the underlying reasons for substance misuse, the range of substances currently in circulation and to encourage them to have better communication with their children. • Assemblies for students that incorporate real-life stories and 'share sessions' that provide a catalyst for further discussion around drugs and alcohol, as well as other issues (such as depression and self- harm). • Workshops that build resilience in students, covering issues such as self-esteem, peer pressure and risky behaviour. • • Training for teachers so that they can better identify and support young people. • Pupils identified as at risk of being affected; by substance misuse or other issues are given targeted support through a six session 'Skills4Change' Programme or through one-to-one support from local treatment providers.

The Programme helps participants to develop skills to manage self-esteem, risky behaviours and peer pressure. The evidence shows that ability and confidence to manage these areas plays an important role in young people's decision-making around substances. Young people are told about the risks associated with substance misuse through the prism of people's real-life experiences. Rather than only providing information or taking a 'scared straight' approach, young people look at the underlying causes and the consequences of substance misuse and hear about volunteers' recovery journeys. Evaluated under control trial conditions by teams from Harvard and Bath Universities, our evidence base is robust and of the highest quality.

The programme draws to a close in March 2019. The full evaluation report, including details of the randomised control trial (RCT) embedded in the evaluation is due to be published in Summer 2019.

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AMYWINEHOUSE FOUNDATION (A company limited by guarantee)


Young Persons' Substance Use Survey

As part of the Resilience Programme, the charity has conducted a Young Persons' Substance Use Prevalence Survey. Ethical approval was obtained from the University of Bath. In 2017, our research team successfully surveyed a total of 2560 pupils in multiple locations across the UK and conducted seven supplementary focus groups to provide additional qualitative analysis. In 2018, the team completed their survey report and detailed their key findings and recommendations in a summary report. The survey identified current trends in substance use in 11 - 18 year olds and the report provided useful recommendations to contribute to our wider Resilience Programme learning. The survey reinforced the necessity for high quality education around substance use and low-level mental health issues for schools.

'Amy's Yard' music programme

An important area of the charity's focus is 'to support the personal development of disadvantaged young people through music'. This programme works with aspiring young musicians and performers, aged 18 to 25, who are referred by organisations that work with vulnerable young people facing a variety of complex needs such as homelessness, mental health issues, substance misuse or unemployment.

'Amy's Yard' is a 12-week AQA accredited programme supporting talented young people to develop greater self-awareness and personal development as artists and as individuals, while enhancing their education, training and employment potential. Throughout the intensive holistic programme participants work in the North London recording studio used by Amy, working one-to-one with a professional producer to nurture their talent and learn every step of making an original recording. They also, attend a series of Master Classes delivered by current industry professionals from companies such as Island Records, Handle Recruitment and Metropolis Music. The Programme is AQA accredited and all participants work towards gaining three Level 3 Units during the 12 week course. These are: . •

• Music Industry - designed to help young artists understand the industry, how it works, and how they can promote themselves to become self-sustaining music artists. • Artist Development/Music Production - develops the artists' self-confidence and helps them to hone and craft their natural talent. • Transferable Skills - encourages engagement in opportunities within the industry and beyond, here participants receive additional support to access education, employment and training opportunities.

More than two thirds of the young people who take part in Amy's Yard are not currently accessing education, employment or training opportunities (NEET), while the remaining third are engaged in positive activities. This integrated method provides positive peer role models and peer-to-peer experiential learning and a strong emphasis is placed on supporting participants to move on from their 'NEET' status and engage in positive activities. The young people participating in Amy's Yard also play an integral role in the development of the programme. Their feedback, experiences and input have helped to shape the content.

In 2018, 32 young people completed the Amy's Yard programme. Students also participated in Amy's Yard events, which included graduation and showcase events and the Amy Winehouse Foundation Gala which took place in October 2018.

An evaluation was carried out by a team from University of Bath to evidence the outcomes from the Amy's Yard programme. A summary of the key findings was Shared with Youth Music in November 2018. In particular, the evaluation showed positive outcomes for participants' self-efficacy, mental well-being and resilience as well as in practical areas such as transferable skills and confidence.

The Programme received partial grant funding from Youth Music and J Davey Foundation, with the majority of funding being provided by AWF. 'In kind' funding was also generously provided by Metropolis Music Ltd and some of the programme facilitators.

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Amy's Place Recovery Housing

We continue our partnership with Centra Care and Support Ltd (previously Circle Care and Support), part of Clarion Housing Group, to provide recovery housing jspecifically for young women aged 18-30 years, who wish to rebuild their lives following treatment for drug and alcohol misuse

Launched in August 2016, Amy's Place provides a home to up to 16 young women at any one time in self-contained apartments within a communal building, pften experiencing a wide range of complex secondary issues such as domestic violence, physical, psychological and/or sexual abuse and in a great many cases eating disorders, poor body image and low self-esteem, the residents require time, space and support to enable them to rebuild their lives and successfully navigate life's challenges without returning to substance misuse. The women receive one-to-one support from an in-house team of recovery workers, who help them to identify goals and aspirations and work with them to help them make those dreams a reality. Engaged in all manner of external activities from voluntary work to training to full time degree level education, the women have quickly established themselves as productive members of their local community and beacons of hope for ariy young women who may be experiencing substance misuse! issues themselves. Able to stay for up to two years, the ultimate goal of Amy's Place residents is to successfully move on to independent living, enjoying a fulfilling life and maintaining abstinence from all mind altering substances.

To date, we understand that relapse rates seem much lower at Amy's Place than at other comparative services, meaning that more women are successfully living independent lives, free from alcohol and drug dependency.

Throughout 2018 the accommodation was fully occupied, with only short gaps between some residents' tenancies. A successful funding bid to the National Lottery Community Fund means that the project will continue to support young women for the next threej years. As part of the funding, an independent evaluation will be conducted over the three years to understand and evidence the success of Amy's Place and explore the various challenges facing the young women we work with.

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Other programmes j I

In 2018 the charity provided £64,036 in strategic grants to 'Amy Winehouse' named projects which furthered two of our key areas of focus: '

1) To provide support for those most vulnerable,, those at high risk of misuse or disadvantaged through circumstance. The charity has provided treatment and counselling for young people struggling with drug and alcohol misuse. '

2) To support the personal development of disadvantaged young people, through music. The charity has provided music therapy for children with disabilities and life-limiting illnesses and music tuition for children from disadvantaged socio-economic backgrounds. I

. I The projects are based in the UK and in the West Indies:

• 'Amy's Gift to Saint Lucia' at Dunnottar School and the Boys' Training Centre in Castries, St. Lucia. • 'Amy Winehouse Music Room' at South Starz ^cademy in St Elizabeth, Jamaica. • The Amy Winehouse Foundation Music Room' at Haven House Children's Hospice in Woodford Green, Essex. • • 'Amy Winehouse Foundation Rehab' at Phoenix Futures treatment facilities in Glasgow, Wirral and Sheffield. :

AWF requires all grantees to comply with the terms of their grants as defined in their 'Grant Letter', which specifies the grant purpose and funding period, together with monitoring and evaluation requirements and AWF's terms and conditions. Recipients must also provide a written Grant Report at the end of the funding period, to provide financial accounting, together with evidence of outputs and outcomes.

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TRUSTEES'REPORT (continued) FOR THE PERIOD ENDED 31 DECEMBER 2018

FUTURE PLANS

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

In the year ahead we aim to:

• Explore opportunities to continue our resilience work in schools, building on our learning from the Resilience Programme and developing new programmes. • Continue our work at Amy's Place and further develop our monitoring and evaluation in order to evidence its effectiveness. • Continue our work in supporting young people who are struggling with substance dependency, including alcohol and explore how we can help more young people. • Carry out scoping work to explore future projects focussing on:

Homelessness — food and shelter and potentially a larger capital project. Music - particularly as a form of expression to build resilience and wellbeing.

• Continue to involve young people in developing and shaping our work. • Focus on capacity building to ensure that we have sufficient staff support in order to carry out our objectives and sustain financial stability.

Our longer term and ongoing objectives:

• To collaborate and work with new and existing partners and beneficiaries to find better ways to help more young people, in particular to build on our success around:

Recovery housing - replicate in other locations, perhaps to different client groups. Resilience work through the prism of 'lived experience'.

• Following our scoping work, we would like to develop future projects focussing on music and homelessness. • Continue to highlight issues and tackle stigma around mental health and/ or problematic drug or alcohol use and provide signposting and support for young people and their carers. • Ensuring financial sustainability for existing projects and to resource new projects. • Building our infrastructure and developing our staff and volunteers.

TRUSTEES' RESPONSIBILITIES STATEMENT

The Trustees (who are also directors of Amy Winehouse Foundation 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 charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP; .

• make judgments,and accounting estimates that are reasonable and prudent;

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• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable group will continue in operation. j

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company and the group's transactions and disclose with reasonable accuracy at any time the financial position of the charitable group 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 charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. <

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable group's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from'legislation in other jurisdictions.

DISCLOSURE OF INFORMATION TO AUDITORS

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

• so far as that Trustee is aware, there is no relevant audit information of which the charitable group's auditors are unaware, and !

that Trustee has taken all the steps that oughtjto have been taken as a Trustee in order to be.aware of any relevant audit information and to establish that the charitable group's auditors are aware of that information.

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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AMY WINEHOUSE FOUNDATION

OPINION

We have audited the financial statements of Amy Winehouse Foundation (the 'parent charity1) and its subsidiaries (the 'group') for the period ended 31 December 2018 which comprise the group Consolidated statement of financial activities incorporating income and expenditure account, the group Consolidated balance sheet, the group Consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the group's and of the parent charitable company's affairs as at 31 December 2018 and of the group's incoming resources and application of resources, including its income and expenditure for the period then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011.

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and 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

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

• the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

• the Trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the group's or the parent charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

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i I OTHER INFORMATION j

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The Trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Auditors' report thereon. Our opinion on the financial statements does not cover the otherj information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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. ^

i We have nothing to report in this regard. !

OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the Trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements. .

• the Trustees' report has been prepared in accordance with applicable legal requirements.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION I

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 the Companies Act 2006 requires us to report to you if, in our opinion:

• the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or

• the parent charitable company financial statements are not in agreement with the accounting records and returns; or > •

• certain disclosures of Trustees' remuneration specified by law are not made; or J '

• we have not received all the information and explanations we require for our audit; or

• the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the requirement to prepare a Group strategic report.

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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.

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.

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.

Matthew Wyatt (Senior statutory auditor) for and on behalf of Wellers Statutory Auditors 1 Vincent Square London SW1P2PN 27 September 2019 Wellers are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 14

http://www.frc.org.uk/auditorsresponsibilities

AMY WINEHojuSE FOUNDATION (A company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT

FOR THE PERIOD ENDED 31 DECEMBER 2018

Unrestricted Restricted Total Total funds funds funds funds

! 2018 2018 2018 2017 Note | £ £ £ £

INCOME FROM: ;

Donations and legacies 2 , 147,442 - 147,442 97,637 Charitable activities 3 398,597 30,000 428,597 532,758 Other - Income from subsidiary - AWFT 4 , 406,903 - 406,903 454,739

TOTAL INCOME ; 952,942 30,000 982,942 1,085,134

EXPENDITURE ON: '

Other - costs from subsidiary - AWFT 8 258,511 - 258,511 294,422 Charitable activities

5, 10 : 748,791 30,000 778,791 883,971

TOTAL EXPENDITURE i

1,007,302 30,000 1,037,302 1,178,393

Net expenditure before taxation i (54,360) - (54,360) (93,259) Taxation ! (36) - (36) -

NET EXPENDITURE BEFORE OTHER i

RECOGNISED GAINS AND LOSSES i (54,396) - (54,396) (93,259) NET MOVEMENT IN FUNDS | (54,396) - (54,396) (93,259)

RECONCILIATION OF FUNDS: i

Total funds brought forward 825,402 - 825,402 918,661

TOTAL FUNDS CARRIED FORWARD i 771,006 - 771,006 825,402

The notes on pages 19 to 34 form part of these financial statements.

Charity Number: 114370. Company Number: 07737209.

Page 15

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

CONSOLIDATED BALANCE SHEET Charity Number: 1143740 AS AT 31 DECEMBER 2018

Note

FIXED ASSETS Tangible assets

CURRENT ASSETS Stocks Debtors Cash at bank and in hand

CREDITORS: amounts falling due within one year

NET CURRENT ASSETS

NET ASSETS

CHARITY FUNDS Unrestricted funds

TOTAL FUNDS

14 15

16

17

4,880 232,117 629,282

866,279

(96,988)

2018 £

1,715

769,291

771,006

771,006

771,006

4,730 193,411 763,739

961,880

(140,160)

2017 £

3,682

821,720

825,402

825,402

825,402

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Under Section 454 of the Company's Act 2006, the Trustees have the power to amend these financial statements after issue.

The financial statements were approved and authorised for issue by the Trustees on 26 September 2019 and signed on their behalf, by:

Mitchell Winehouse, Chal Jane winehouse


Page 16

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

I

COMPANY BALANCE SHEET AS AT 31 DjECEMBER 2018

FIXED ASSETS Investments

CURRENT ASSETS Debtors Cash at bank and in hand

CREDITORS: amounts falling due within one year

NET CURRENT ASSETS

NET ASSETS

Note

13

15

16

I 407,218 1 443,977 i

j 851,195

(80,194)

2018 £

771,001

771,004

443,906 511,997

955,903

(130,504)

2017 £

825,399

825,402

CHARITY FUNDS Unrestricted funds

TOTAL FUNDS

17 771,004

771,004

825,402

825,402

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. ' .

i Under Section 454 of the Company's Act 2006, the Trustees have the power to amend these financial statements after issue. / i

/ • The financial statements were §pp[?bved and authorised for issue by the Trustees on 26 September 2019 and signed onmeir behalf, by:

Mitchell vyinehouse, Chair I \' Jane) lehouse

The rlot^s on pages 19 to 34 forVn rfart of these financial statements.

Page 17


CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 DECEMBER 2018

2018 2017 Note £ £

Cash flows from operating activities Net cash used in operating activities 19 (134,457) (64,478)

Cash flows from investing activities: Purchase of tangible fixed assets - (1,464)

Net cash used in investing activities - (1,464)

Change in cash and cash equivalents in the period (134,457) (65,942) Cash and cash equivalents brought forward 763,739 829,681

Cash and cash equivalents carried forward 20 629,282 763,739


Page 18

AMY WINEHOjuSE FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2018

I I I 1. ACCOUNTING POLICIES ;

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - !(Charities SORP (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 Statement of financial activities (SOFA) and 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. ;

No separate SOFA has been presented for the company alone as permitted by section 408 of the Companies Act 2006. ,

I 1.2 Company status :

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.

1.3 Going concern , No material uncertainties that may cast significant doubt about the ability of the charity to continue as a going concern have been identified by the trustees. The trustees, having considered the above and made due enquiries, continue to adopt the going concern basis in preparing the financial statements which assumes that the charity will continue in operation for the foreseeable future. •

Page 19



1. ACCOUNTING POLICIES (continued)

1.4 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.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the company where this can be quantified and a third

. party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Other income is recognised in the period in which it is receivable and to the extent the goods have , been provided or on completion of the service.

Amy Winehouse Foundation Trading Limited includes the income from fundraising activities and is included in the period it is receivable to the extent goods have been provided or services completed.

Page 20


j

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2018 i !

1. ACCOUNTING POLICIES (continued) ! ' I

1.5 Expenditure I i

Expenditure is recognised once there is a legal or constructive obligation to transfer economic . benefit to a third party, it is probable th'at 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 rpade 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.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. J

I Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and ;costs relating to the governance of the company apportioned to charitable activities. '

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

1.6 Basis of consolidation

The financial statements consolidate the accounts of Amy Winehouse Foundation and all of its subsidiary undertakings ('subsidiaries'). :

The company has taken advantage of the exemption contained within section 408 of the Companies Act 2006 not to present its own Income and expenditure account.

1.7 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 fair value cannot be measured reliabily in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading 'Gains/(losses) on investments' in the Statement of financial activities.

Investments in subsidiaries are valued at cost less provision for impairment.

Page 21




1.8 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

1.9 Operating leases

Rentals under operating leases are charged to the Statement of financial activities on a straight line basis over the lease term.

1.10 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.

1.11 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.

1.12 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.

1.13 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 within interest payable and similar charges. ,

1.14 Financial instruments

The company 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.

Page 22

AMY WINEHOJUSE FOUNDATION (A company limited by guarantee)



1.15 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. '

1.16 Pensions ;

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the? fund in respect of the period.

1.17 Fund accounting i

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company 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. i

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company 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.

2. INCOME FROM DONATIONS AND LEGACIES

Unrestricted Restricted Total Total ; funds funds funds funds

2018 2018 2018 2017 • £ £ £ £

Donations ; 147,442 - 147,442 97,637

Total 2017 1 97,637 - 97,637

Page 23



3. GRANT INCOME FOR CHARITABLE ACTIVITIES

Unrestricted Restricted Total Total funds funds funds funds

2018 2018 2018 ' 2017 £ £ £ £

AWF Music 43,537 30,000 73,537 10,443 AWF Resilience Programme 355,060 - 355,060 426,315 AWF Prevalence Study - - - (500) AWF Recovery House - - - 96,500

398,597 30,000 428,597 532,758

Total 2017 532,757 532,757

4. FUNDRAISING INCOME

Unrestricted funds 2018

£

Restricted funds

2018 £

Total funds 2018

£

Total funds 2017

£

Fundraising income 406,903 406,903 454,739

Total 2017 454,739 454,739

Page 24



5. ANALYSIS OF EXPENDITURE BY ACTIVITIES

Activities \ Grant undertaken funding of Support

directly ^activities costs Total Total 2018 I 2018 2018 2018 2017

£ ! £ £ £ £

Drug and alcohol prevention _ 2,683 . 2,683 2,954 Disadvantaged young •

people 2,648 ; 9,087 - 11,735 13,983 AWF Music 92,866 52,266 15,821 160,953 145,303 AWF Resilience

Programme 389,242 ' - 15,822 405,064 467,176 AWF Prevalence Study 13,535 ' - - 13,535 78,124 AWF Recovery House 159,246 ; " 15,820 175,066 166,015

Total 2018

Total 2017

657,537 64,036 47,463 769,036 873,555 Total 2018

Total 2017 757,577 ! 70,519 45,459 873,555

Page 25



ANALYSIS OF DIRECT CHARITABLE ACTIVITIES

Disadvanta AWF AWF ged young Resilience Prevalence

people AWF Music Programme Study £ £ £ £

Direct projects costs - 80,508 60,629 7,993 Wages and salaries 2,369 11,070 299,456 5,000 National insurance 279 1,096 25,683 502 Pension cost - 192 3,474 40

2,648 92,866 389,242 13,535

Total 2017 3,976 74,671 454,102 71,887

AWF Recovery Total Total

House 2018 2017 £ £ £

Direct projects costs 159,246 308,376 292,594 Wages and salaries - 317,895 436,624 National insurance - 27,560 38,196 Pension cost - 3,706 2,060

159,246 657,537 769,474

Total 2017 • 152,941 757,577

ANALYSIS OF GRANTS

Grant making Total Total

2018 2018 2017 £ £ £

Drug and alcohol prevention 2,683 2,683 2,954 Disadvantaged young 9,087 9,087 10,007 AWF Music 52,266 52,266 57,558

64,036 64,036 70,519

Total 2017 58,623 58,623

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

Page 26

AMYWINEHCjUSE FOUNDATION (A company limited by guarantee)

I i I


8. COSTS OF SUBSIDIARY - AWFT

9.

2018 2017 £ £

Fundraising costs 138,581 126,849 Contribution to support and establishment costs 71,087 109,682 Contribution to wages and salaries 46,876 55,884 Depreciation 1,967 2,006

Total 258,511 294,421

SUPPORT COSTS

AWF AWF AWF Resilience Prevalence Recovery Total Total

AWF Music Programme Study House 2018 2017 Travelling

expenses - - : - - - 88 Marketing and

promotion - - • - - - 30 Printing and

stationery 977 978 - 978 2,933 4,189 Telephone and

computer charges 282 281 - 281 844 1,134

Establishment and general office expenses 6,832 6,832 - 6,832 20,496 18,180

Accountancy fees 1,380 1,380 • - 1,380 4,140 4,464

Bank charges and interest 797 797 - 796 2,390 2,276

Wages and salaries 4,986 4,987 p - 4,986 14,959 13,648

National insurance 450 450 - 450 1,350 1,320

Pension cost 117 117 - 117 351 130

15,821 15,822 : - 15,820 47,463 45,459

Total 2017 13,074 13,074 6,237 13,074 45,459

I Page 27



10. GOVERNANCE COSTS

Unrestricted Restricted funds funds

2018 2018 £ £

Total funds

2018 £

Total funds 2017

£

Auditors' remuneration Other costs

9,720 35

- 9,720 35

9,000 1,416

9,755 - 9,755 10,416

NET INCOME/(EXPENDITURE)

This is stated after charging:

2018 £

2017 £

Amortisation of intangible fixed assets Auditors' remuneration - audit

1,967 9,720

2,006 9,000

During the period, no Trustees received During the period, no Trustees received During the period, no Trustees received

any remuneration (2017 - £NIL). any benefits in kind (2017 - £NIL). any reimbursement of expenses (2017 - £NIL).

Page 28

AMY WINEHO|USE FOUNDATION (A company limited by guarantee)

I NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2018 (

12. STAFF COSTS

Staff costs were as follows:

, 2018 2017 £ £

Wages and salaries 374,573 500,483 Social security costs 33,311 44,983 Other pension costs 4,812 2,396

! 412,696 I i • —. ... ••

547,862

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

! 2018 2017 No. No.

Administration 1 1 Fundraising 1 1 Management 1 1 Charitable activities 10 14

I 13 I

i _ _ _ _ _ _

17

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

Page 29



13. FIXED ASSET INVESTMENTS

Shares in group

undertakings Company £ Cost

At 1 January 2018 and 31 December 2018 3

14. STOCKS

Group Company

2018 2017 2018 2017 £ £ £ £

Goods for resale 4,880 4,730 - -

15. DEBTORS

Group Company

2018 2017 2018 2017 £ £ £ £

Trade debtors 8,924 13,314 - 714 Amounts owed by group undertakings - - 407,218 443,042 Other debtors 17,015 14,124 - 150 Prepayments and accrued income 206,178 165,973 - -

232,117 193,411 407,218 443,906

16. CREDITORS: Amounts falling due within one year

Group Company

2018 2017 2018 2017 £ £ £ £

Trade creditors 41,958 4,032 39,499 876 Corporation tax 36 - - -

Other taxation and social security 10,235 13,420 10,235 13,420 Other creditors 10,959 16,375 10,959 16,375 Accruals and deferred income

' ( 33,800 106,333 19,501 99,833

96,988 140,160 80,194 130,504

Page 30

AMY WINEHOjUSE FOUNDATION (A company limited by guarantee)


17. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

Unrestricted funds General Funds - all funds

Restricted funds

Restricted Funds - all funds

Balance at1

1 January 2018

£ Income Expenditure

£ £

825,402 952,942 (1,007,302)

30,000 (30,000)

Balance at 31

December Taxation 2018

£ £

(36) 771,006

Total of funds 825,402 982,942 (1,037,302) (36) 771,006

STATEMENT OF FUNDS - PRIOR YEAR

Balance at 1 January

2017 Income Expenditure £ £ £

General Funds - all funds

Restricted funds

Balance at 31

December 2017

£

918,661 1,085,134 (1,178,393) 825,402

Total of funds 918,661 1,085,134 (1,178,393) 825,402

Page 31



18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Unrestricted Restricted Total funds funds funds 2018 2018 2018

£ £ £

Tangible fixed assets 1,715 - 1,715 Current assets 866,280 - 866,280 Creditors due within one year (96,989) - (96,989)

771,006 - 771,006

ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR

Unrestricted Restricted Total • funds funds funds

2017 2017 2017 £ £ £

Tangible fixed assets 3,682 - 3,682 Current assets . 961,880 - 961,880 Creditors due within one year (140,160) - (140,160)

825,402 - 825,402

19. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES ,

Group 2018 2017

£ £

Net expenditure for the year (as per Statement of Financial Activities) (54,396) (93,259)

Adjustment for: Depreciation charges 1,967 2,006 (lncrease)/decrease in stocks (150) 1,869 (I ncreasej/decrease in debtors (38,706) 49,460 Decrease in creditors (43,172) (24,554)

Net cash used in operating activities (134,457) (64,478)

Page 32



20. ANALYSIS OF CASH AND CASH EQUIVALENTS

Group 2018 2017

£ £ Cash at bank 629,282 763,739

Total 629,282 763,739

21. PENSION COMMITMENTS

The group operates a defined contributions 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 £4,812 (2017 - £2,396). Contributions totalling £1,053 (2017 - £560) were payable to the fund at the balance sheet date and are included in creditors. 1

22. OPERATING LEASE COMMITMENTS

At 31 December 2018 the total of the group's future minimum lease payments under non-cancellable operating leases was: i

2018 2017 Group i £ £ Amounts payable: Within 1 year t 28,875 28,875 Between 1 and 5 years : 12,031 40,906

Total 40,906 69,781

23. RELATED PARTY TRANSACTIONS

The following related party transactions were undertaken by The Amy Winehouse Foundation during the year: 1

2018 2017 ' £ £

Transactions with connected parties . 9,540 15,420 Balances owed to connected parties ' - 2,206

All loans are unsecured, repayable on demand and are not subject to interest.

Income received through donations from trustees or parties related to trustees where no benefit has been received by the related party have not been disclosed.

Exemption from the requirement to disclose transactions between group members has been taken in accordance with provisions within FRS 8.

Page 33



24. CONTROLLING PARTY

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

25. PRINCIPAL SUBSIDIARIES

The Amy Winehouse Foundation Trading Ltd

Subsidiary name Company registration number Basis of control .

Total assets as at 31 December 2018 ' Total liabilities as at 31 December 2018 Total equity as at 31 December 2018

Turnover for the period ended 31 December 2018 Expenditure for the period ended 31 December 2018 Profit for the period ended 31 December 2018

The Amy Winehouse Foundation Trading Ltd 07796128 By virtue of owning 100% of the entire share capital

£424,013 £424,012 £ 1

£406,903 £ 138,448 £36

Page 34

amy winehouse foundation

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