APPROVAL Fknanclal Statements Charity Registrition No. 1167453 TONIC HEALTh ao ANNUAL REPORT AND UNAUDITED FINANaAL ￿ATEmENTS FOR THE YEAR ENDED 31 2023 APPROVAL FIna￿la1 Statements TONIC HEALTH CIO LEGAL AND ADMINisfRATIVE INFORMATION Mrm F M(YTis Ms S Waltham Ms F Meanwell Mrm R Pilgrim Mr R Wrlght MrNJ Darwln (Appointed l Au8ust 20221 Charlty number 1167453 Prfndp•l •ddress 6 Broad8ate H(wse Westlode Street Spaldlng LlncolnshlTe PEII 2AF Ind•pendent e%￿ner TC Group 14 London PAI Spaldin8 Llncolnshl PEII 2TA APPROVAL Financlal Statements TONIC HEALTH CIO CONTENTS Trustees, rewrt Independent examinerfs ￿port Statement of financkl acdvllles Balance sheet Notes to the financlal statements APPROVAL Financial Statements TONIC HEALTH CIO TRUSTEES, REPORT FOR THE YEAR ENDED31 WIY2023 The Trustees present their report arKI finandal statemerts for the year ended 31 May 2023. The finanaal ststements have been prepared In accordance with the accounting policies set out in note I to the financial statements and comply wlth the Chafivs tgo¥erning documentl, the Charities Act 2011 and "Accounting and Reporting ￿ Charities.. Ststement of Recommended Prncknce applicab￿ to thariknes p￿parin8 thelr accounts In accordance wlth the Financlal fte￿rtIng Stsndard applicable In the UK and ftepubllcof Ireland IFRS 1021 leffeciive l January 2019).. object1¥￿ and acthrftl Tonlc Health 15 a charity community hub for health and wellbeln& sltuated dose to Spaldin8 town centre. It house5 a complementary therapy cllnlc. hosts a number of exercise classe5, wvAde5 a ran8e of communlty based pro]erts and offers hire of fadlmes to other kKal oryanisations. The charlty's objerts are.. The advancement of health and the relief of those In need ty reason of youth, age, IIFhealth, dlsablllty or financlal hardshlp by the operadon and malntenance of a complementary health centre and servlces for publk benefit In Spalding. Its surroundlng areas and beyond,. more specr15callv • To provlde servlces to rnembefs of the publlc for the rellef of old age, Injury, dlsease andlor dlsabS11ty (such as provldin8 specla1151 treatment, advbce, educatton and drop In centresl; . To provKle faclllties for healthy recreatton Includlng mental stimulation. conventional 4nd/or complimentary, #ltematlve or holistlc medlcal treatment and care for the public benefft The Trustees have paid due Te8ard to 8ubdance Issued by the Charlty Commlssboft In deddln8 what actfvltles the Chartiy should undertake. AchlMmerbts •nd p•rfwm*n¢e Afull ￿pOrt is available at https.'Ilbsuu.Comltonkhealthldo￿l1lx8e9mX¢fy Flnandal re¥4ew 1115 the pollty of the Charlty that unrestrlcied funds whkh have not been designated for a speclfic use should be maintained at a level Èqutvalent to between three and slx month's expenditure. The Trustees conshlers that reserves at thls level wlll ensure that, in the evert of a s18nificant drop In fundln& they wlll beable to continue the Charity'5 CUTrerrt activities whlle consideralion is given to ways In whlch addltlonal funds may be rJ15ed. Th15 le4el of re5er¥es has been maintsined throu8h¢>Jt the year. The Trustees ha5 a￿essed the major risks to whith the Charity is exposed. and •re satisfied that systems are In plxe to mbttgate exposure to the major risks. Slruclurei So￿rnanC￿ and man￿meThI The Charity Is a company Ilmlted by guarantee. The Trustees who seryed duringthe year and up to the date of slgnature of the financval staternents were: Mrm F Morris Ms Swahham Ms F Meanwell Mr M R Pilgrim Mr R Wright (Appointed l August 2022} APPROVAL Flnanclal Statemerbts TONIC HEALTH CIO TRusfEES' REPORT {CONnNUED) FOR THE YEAR ENDED31 MAY2023 Mr NJ Darwin The power to appoint new trustees Is ¥ested In the tnjstees for the tSme beln8. The trustees normaly meet bl monthty. When new trustees are appolnted. they are gI￿n an urfer4lew of the trust and an (￿rtlIne of both Its operatbonal and financlal activltles. New tTUStees are selected In order to 8aln benefit from thelr skllls and experIen￿, to complement ihe existin8 trustees, ond to prov*Je succe5SW. The company's current polky concernlng the payment of trade credltors Is to follow the CBI'S Prompt Paye Code Icopbes a￿ avallable from the CBI. Centre Point. 103 New Oxford st￿et London WCIA IDUI. The company's currenl pollcy COn￿mIng the payment of trade credltors15 to: settle the terms of payment with supplleys when agreelng the tern)s of each transathon: ensure that suppliets a￿ made aware of the term5 Qf p￿ment by Incluslon of the relevant term5 In contracts,. and pay In xcordancè with the COM￿ny'S contr•rtual •nd other legal obllgakn'ons. Trnde credltors of the Company at the year end were equlvalent to 0.7 day'5 WTcha5e5, based on a¥era8e dally amount In¥d¢ed lyl suppller5 durln8 the ￿ar. The charity Is a Charstsble Incorporated Organtsatlon, first reglrtered on 3 June 2016. It Is constltuted as Foundation and Is governed in accordan￿ wlth It5 model constltutlon Ilated 4 December 2015. The trustees who seNed durin8 the year and up lo ihe date of $18n•ture of the finar)ci•l 5talernents were: MF Morrls S Waltham N Danmin R Wrlght MR Pilgrlm The Trustees, report was apyoved by the Board of Trvsteu. Mr M F Morrts Trustee Dated". d3lzoL* APPROVAL Financial Statam TONIC HEALTH CIO INDEPENDENT EXAMINERS REPORT TO THE TRusfEES OF TONIC HEALTH CIO l ￿pOrt to the Trustees on my examlnation of the financi•l st*ements of Tonk Health ao (the CPorityl for the year ended 31 May 2023. Responslbllltles •nd basts of ieport As the Trustees of the Charlty you are responsible for the prepar*ion of the financlal statements In accordance wilh the requirements of the Charibes Art 2011 (the 2011 Art). I report in respect of my examlnatton of the Charit￿$ finanual statements tarTled out under secifon 145 of the 2Qll Act. In tarrylng tsjt my examlnatlon I have followed all the applicable Diredion5 given ￿ the Charity Commi55ion under sectlon 14515llbl of the 2011 Act. Independent •nmlner's Statem Slnce the Charlty'5 gross Income exceeded £250.(WY) your examlner must bè • membèr of a body Ibsted In section 145 of the 2011 Acl. l confirm that l am qualified to undertake the examlnat70D because l am member of FCCA. whlch Is one of the Ilsied bodlÈs. Your attentlon 15 drawn to the fvrt that the charlty has prepared financbal statements In accorOarKe wlth Accountfjng and Reportlng by Charlties preparing their ¥tOUftts in acujrdance wlth the Flnandal Repcrtlng Standard appllcable In the UK and Republic of Ireland IFRS 1021 In preference to the Accountin8 and Reportin8 by Charities: Statement of Recommended Prac11ce 15sued on l April 2Q)5 which15 refer￿d to In the extant re8ulations but ha5 now been wlthdrawn. l uftde￿tand that this has been done In order for fin•nclal ststements to provhje a true and falr In accordance with Generdlly Accepted Accountln8 Practfce eflective for reportin8 Ferlods beglnnin8 on or after l J•nu8ry 2015. I have completed my examlnatlon. I confim) ihat no Matte￿ come to my attentlon In connethon wlth the examination 8ivin8 me cause io believe that In any materlal ￿spect. accounting ￿ordS were not kept In respect of the Charlty as requlred by 5ec11on 130 of the 2011Act; or the financial statements do not accord with those records; or the financial statements do not comply whh the appllcable requlrements concernlng the fom) and content of accounts sèt oui In the Charlt6es (Accounts and Reports) Regulations 2(K)8 other than anv requlremenl that the accounts give a true Jnd falr vlew whkh is not a matter consklered as part of an independent examlnation. I have no concerns and have come across no other matters in connectlon with the examination to whch attentlon should be drawn In thLs report In order to enable a pmper understandlng of the financhl statements to be reached. Peter Wright FCCA TC Group 1-4 London Road Spaldlng Llncolnshi PEII 2TA Dated.. I￿11120 APPROVAL Flnanclwl Ststements TONIC HEALTh ao srATEMENT OF FINANaAL p£nvmES INCWDING INCOME AND EXPENDrruRE A£C(XI FOR TIIE YEAR ENDED31 MAY2023 Unrestrlctod Restrfcted fun funds T¢)t•l Unrestricted Re5trirted funds funds Total 2023 2022 2022 2022 N￿e$ Donations and leBacles Charitsble activlties 530 105,430 5261 169,145 L791 274,S75 12,994 1,833 2,430 131,676 15,424 222,509 Totsl Income 105,9fA) 170,406 276,366 103,827 ,106 237,933 Charltable actfvlttes 108,965 283,343 392,308 ,143 251,736 341,879 Net expendlture forthe yearl Net mov•m•nt In funds {3.(K)51 1112.937) 1115.9421 1117.6301 1103,9461 Fund balances at l June 2022 123.266) 189.1x15 165,739 136.950) 306,635 269,685 Fund balanctt •t 31 May 2023 126.271) 76.068 49.797 123.2661 189,CKIS 165.739 The statement of financlal acuvliies Indudes allBalns and10sses recogn15ed In the ￿ar. All Income and expenditure derlve fwom ¢Mtinuin8 activlties. APPROVAL Finanti•l Statements TONIC HEALTh ao BALANCE SHEEr ASAT31 MAY2023 2022 Fued assets Tangible assets 34,016 39,392 Debtors Cash at bank and In hand 12,585 16.796 10,261 132.758 29.381 143,019 Credltors: amounls f•llkn8 due wlthln onD ye•r 1ts.6(X)I 116,6721 Net current assets 15,781 126,347 Total •ss•ts l#s ￿ttent M*bllltl•s 49,797 165,739 Income lunds Re5trkted funds Unrestrirted funds li 76,068 126,2711 189.CM)5 123.2661 49.797 165,739 3.1.3lL*....... The financlal statements were apprtr4ed ￿ the Trustees on .... Mrm F Morrls Trustee APPROVAL Financial Stateme TONIC HEALTH CIO NOTES TO THE At4ANaAL STATEMEiirs FOR THE YEAR EAIDED31 MAY2023 Accountln8 potsde5 Charity Inlwm•tlon Tonic Healih CIO is a found*ion re8lstered 3 June 2016 and subsequently imended and approved on 2 August 2018. 1.1 A¢counlln8 con¥wrt The financlal statements have bEen prepared In accordance wtth the Charlty's tgovemlng d+xumentl, the CharMes Act 2011 and "Accounting and Reporting by Charlties: Statement of Recommended Practice appllcable to charttles preparin8 their accounts In accordance with the Financial Reportin8 Stsndard applicable In the UK and Republlc of Ireland IFRS 1021 leffeCtfr￿ l January 20191" The Charlty Is a Publlc Benefit Entity as defined ty FRS 102. The Charlty has taken advanta8e of the prov151ons In the SORP tor th4rilies )pplyin8 FRS 102 Update Bulletin I not to prepare a St*efflenl of Cash FI￿￿￿. The fi￿n¢la1 statements hwe departed from the Charllies (Accounts and Reports) Regulatlons 2008 onty to the extent requSred to provide a irue and falr vlew. ThL4 departure has involved followlng the Statement of Recommended Practice for chgrities applyln8 FRS 102 rather than the vetsion of the Statement ol Recommended Practfce whlch Is referred io In the Regulations but whlch ha5 SIn￿ been wlthdrawn. The flnancial stsiements are prepared In sterlln& whlch Is the functfjonal currenry of the Charty. Monetsry amounts In these financlal statements are rounded to the nearest £. The financlal statements have been prepared under the hlstorlcal cost convenllorb, modffied to Include the revaluation of freehold properties and to include inveslmenl properties and certaln financkl InStr￿￿ents at falr value. The prlnclpal 4ccount5n8 polkles adopted are set out below. 1.2 Goini concern At the time of approvln8 the financial statements, the Trustee5 have a reasonable expectatlon that the Charlty has adequate resources to continue in operational existence for the foreseeable future. Thus the Tru5tee5 continue to adopt the goi￿ concern basis of accounting in p￿Paring the financial ststements. L3 Charbtable fvrKIs Unrestricted fun(ts are avallable for use at the discretion of the Trustees In furtheran￿ of thelr charltable objectives. Re5trided fvnds are subject to specffic condltlons by donors as to how they may be used. pUrF￿eS and uses of the restricted funds are set out In the notes to the finandal ststements. Endowment fund5 are subjert to speciffic conditions by donors that the capttsl must be maintslned ty the Charlty. IA Income Income Is recognised when the Charlty ts l*lly entitled to it after any perfomiance condlbons hwe been met. the amounts can be measured reliably. and il is Pro￿ble that income will be recepled. APPROVAL Finandal Statem TONIC HEALTH ao NOTESTO THE FINANaAL sfATEMENTS ICOIMNUED) FOA THE YEAR ENDED 31 MAY2023 Accounthw polld¢s Icominued) Cash donations are recognised on recelpt. Other donations are recognised once the Charity has been notified of the donatlon, unle$5 perfomiante conditions require deferral of the amount. Income tax rec¢)verable In relation to donations receNed under Grft Aid or deeds of covenant is recognlsed at the tlme of the donatlon. Legacles are recc8nised on receipt or otherwtse rf the Charity has bÈen notlfled of an Impendln8 d15trlbutlon, the amountls knv•vn. and ￿elpt Is experted. If the amountls not known, the legacy È treated as a contin8ent a55et. 1.5 Expendlturn 1.6 T•nglblt t￿•d assets Tangible fixed assets are inilialty measured at cost ar•d suwuentty measured •t ¢ost or vakRtlon. net of depreclatlon and any Impalmienl ILwe5. Depreclation Is ie¢ognis¢d so as to wrlte off the cost or valuation of assets less thelr residual values over thelr useful Ilves on the followln8 bases: Leasehold land and bulldln8s 10% 5tra*ht Ilne The 8aln or loss ar151ng on the dlsposal of an asset ts detemilned as the défference between the sale proceeds and the carryln8 value of ihe a55et, and is reccenlsed In net Income/lexpendlturel for the year. 1.7 Imp•lYment ol Ilxed ass•ts At each reporting end date, the Charlty rwbews the carrylrva amourts of Its tanglble assets io detemilne whether there Is any indication that those assets have suffered an impairment loss. If any such Indtation exlsts. the ￿coVerable amount of the a55el is estimated In order lo delermine the extent of the im￿1rMent loss Irf any). 1.8 Cash and cash equlvalerbts Cash and cash equivalents Include cash In hand. deposlts held at call wlth banks. othei shortyterm I￿Uld Investments wlth orfglnal maturhie5 of three months or less, and bank overdrafts. Bank overdrths are shown wlthln borrowln85 In current liabilities. 1.9 Fln•n¢l•l Instruments The Charity has elected to apply the pro￿550n5 of Sertion 11 'Basic Financlal Instruments. and Section 12 'Other Flnancial In5trurnents Issues. of FRS 102 to all of its financial Instfuments. Flnancial instruments are recognised in the CharSty's balance sheet when the Charity becomes party to the contTrctual provlslons of the Instrumenl. Flnanclal assets and liabilitie5 are (rflset. wlth the net amounts presented in the financlal statements, when there Is a legally enforceable right to set off the rec￿nISed amounts and there is an Intentfon tosettle on a net basis orto reallse the asset and settle the liabilty 5imultaneousty. APPROVAL Financial Ststements TONIC HEALTh ao NOTESTO THE FINANCIAL sfATEMEKfs {CONTINUED) FOR THE YEAR ENDED31 MAY2023 Accounttn8 polkle5 Icontlnued) 8tisiefinancial assets Basic financlal assets, which include debtors and cash and bank balan￿, are initially measured transactlon price induding transaction costs and are subsequentFy carried at amortised cost using the eflectfve Interest method unless the arrnn8ement constilutes a financing transaction, where the trd￿action is measured at the present value of the future receipts dlscounted at a market rate of Interest. Flrnncl•l 45sets classlfied as recelvable wlthln one year •re not amortised. I￿SICI1n0￿daI Ilobllllles 8aslc flnandal ltsbllltles. Including ¢￿dItOrS and bank Soan5 are Inttialty ￿cOgnIsed at transaction prlce unless the arran8ement constitutes a finandn8 trdnsact6¢)n, where the debi Instrument Is measured at the present value of the future ￿Yments discounted at a market rate of Interest. Flnancial jlabll￿eS classified a5 payable wlthln one year are not arnortised. Debt Instruments are subsequertly carrled at amortised c05t. Usin8 the effective Interest rate method. Trade credllors are obligations to pay for gocrfls or servlces that have been acquired In the ordlnary cOU￿e of operations from suppllers. Amounls payable are clasS￿ed as current Ilabllltles tf payment bs due withln one year or less. If not, they are presented as noTrcurrent Ilabllltie5. Trade cred￿0T5 are reco8nlsed Inltlally •t transactton wbce and subsequently measured at amorttsed cost usin8 the effective Interest method. Derernqnlilon oljlnondalllabllltles Financial liabilities are dereco8nlsed when the Chaitys o)ntrartu?l ¢)bll8Jtlons explre or a￿ dlscharged or cancèllèd. 1.10 EmplO￿e benellts The cost of any unused hollday entftlement Is recrygnlsed In the per￿￿ In whkh the employee s seNlces a recelved. Temilnation benefits are reco8nlsed immedialefy ￿ an expense when the Charlty Is demonstrably commltted to temiinate the eMplO￿ent of an employee orlo pThide termlnation benefits. Crltlcal ittountlnB estlm•tes and jud8•m•nts In the application of the Charivs accountin8 poIKies. the TNstees are requlred to make judgem￿ts. estimate5 and assumptions abo￿ the carrying amount of asseis and liablllties that are not ￿adI1¥ apparent from other sources. The estimates and associated assumptions are based on historical experience and other fartor5 that are consldered to be relevam. Actual resufts may dfffer from these estlmates. The estimate5 and undethlng assumpt5ons are r￿ved on an ongoing basi5. RevlsM)ns to accountlng estimates are recognised in the period In whlch the e￿IMate is revised Whe￿ the revlsion affects ¢nly that perK>d, or In the period of the rewsion and future periods where the revlsion affects both current and future periods. APPROVAL Finan¢lal Statements TONIC MEALTh ao N(ItES TO THE FINANCIPI ￿ATEmENTs ia)NriNUEDI FOR THE YEAR ENDED31 IAAY2023 Don•tlons •nd14ades Umestrktd Restrkted Totsl Unrestricted Restricted funds funds furKIs Total 2023 2022 2022 2022 Donations and gffts Governmerrt 8rants 530 1.261 1,791 10,711 2,283 2A30 13,141 2,283 530 1,261 1.791 2,430 15,424 Charllable actmtles Charftable C￿rItI￿1• Income Inubme 2023 20Z2 Sale5 wlthln Char￿able a¢iivities Performance related grants 73.6 2￿,885 ,833 131,676 274,575 222,509 Anatysls by fund Unrestrlcted funds Restrlcled fund5 105,430 169,145 9),833 131,676 274,575 222.509 APPROVAL Fln•ncial Stat•me TONIC HEALTh CIO NOTES TO THE FINANCIAL STATEMENTS (COP￿INUED) FOR THE YEAR ENDED31 MAY2023 tharltable artivilies Charh•blè Ch*rit•ble Expendlture Expendlture 20 Staff costs Depreciation and impairment Project expendlture Contrfbutionto costs utllltles Llght, heat and FTher 195.314 5.376 67,370 97,255 168,741 5,376 73.759 46,680 3.780 14,838 19,014 F- il Repalrs Projett expendlture lunrestrlctedl Telephone Offi¢e expenses. cleanlng and refreshments Trade subscription5, Ilcences and management fees Sundry expenses Mark£tln8 Contrlbutlon to Costs Legal and professionol Bank charges Rent and Insurance 17,467 19,829 1,788 21.309 2,907 1,782 4.211 9,077 4.281 1,648 1.143 197,2551 146.680) 13,623 139 24,202 128 38,837 392,308 341,879 392.308 341,879 Analysis by fund Unrestrided funds Restrlcted fund5 108,965 283.343 90,143 251,736 392,308 341,879 None of the Trustees lor any persons connected with them) rece1￿1 any rèmuner4tion or benefits frL¥n the Charlty durlng the year. 10- APPROVAL Financial Statements TONIC HEALTH CIO NOTES TO THE FINANCIAL 5fATEMEpif5 ICONfiNUED) FOR THE YEAR ENDED31 MAY2023 Efflplo)*es The average Month￿ numberof emplryees dull￿ the )tar was: 2023 Number 2022 Number 29 23 Employment ¢osts 2023 2022 Wa8es and salaries 195,314 168,741 8 T•n8lble flxed assets L•ii•hold kndwd bultrjky At l June 2022 55,520 Al 31 May 2023 55,520 Deprecl•don and Irnp•lm￿￿t At l June 2022 Depreciation charged in the year 16,128 5.376 At 31 May 2023 21.504 Carryln8 aMI￿nI At 31 May 2023 34,016 At 31 May 2022 39,392 Debto 2023 2022 Amounts falllw due wlthln one year. Trade debto 12,585 10,261 11- APPROVAL fin•ndal Statemonts TONIC HEALTh ao NOTE5 TOThE FINANCIAL STATEMENTS ICOPfflNUEDI FOR ThIE YEAR ENDED 31 MAY2023 10 Credltors: amounts fallini due wlthln one ￿•1 2023 2022 Other tsxation and 50dal securlty Trdde creditors Other tredrto 1237) {2,8551 690 18.837 13.837 13.6 16,672 11 R•strfcted l￿d$ The Income funds of the tharlty Include restrlcted fvnds comprlslng the followlrw unexpended balances of donatior￿ and grants held on trust forspecffic wrposes: Mo¥*ment In funds l J￿￿1011 r••our¢•s •xp•rth 31 M•y202J Safe Places Dementla Core fundlng Youth 211,269 61,157 34,209 58,811 54,742 29,991 1185.9241 135.2851 139.9651 84,156 80.614 24.235 117,054 13.228 27,783 12.342 {226,2851 {25,0751 (24,494) 69,348 126,5351 25,483 16,0301 6,312 306,635 143,544 1261.1741 189.CQ5 170.407 1283.3441 76,068 12 Anatysls ol net ass•ts between fvnds Totsl Unrestricted ReStr￿ted funds funds 2022 2022 Total fun& 2023 fvnds 2023 2022 Fund balances at 31 May 2023 are represented ty: Tangible assets Current assets/ Illabllllie51 34,016 34￿16 39,392 39,392 15.781 15,781 126.347 126347 49.797 49,797 165.739 165.739 -12- APPROVAL Financial $￿ements TONIC HEALTh CIO P4tyfES TO THE FINANCIAL sfATEMENTS {corinNUED) FOR THE YEAR EhlDED31 MAY2023 Relatod party tr•nsa¢lions During ihe year Mlchael F Morrls Ltd was charged £3,87412022: £3,630) for room hire. As at 31 May 2023 the charity owed Mkhael F Morrls £13.83712022: £18.8371. All transactions are on full commerdal tem)s. M Morris, a trustee. is a difettor of Mkhael F Morrls Ltd. 13- ## **Document Activity Report** ## **Document Sent** Thu, 14 Mar 2024 12:22:49 GMT ## **Document Activity History** Document history shows most recent activity first ## **Date** ## **Activity** You can verify that this is a genuine Portal document by uploading it to the following secure web page: **http://tcgroup2.accountantspace.co.uk/messages/VerifyDocument**