Appn)val Flnandal Statements Charity reglstrdtlon number 1167453 TONIC HEALTH CIO ANNUAL REPORT AND UhlAUDITED FINANCIAI sfATEMENTS FOR ThE YEAR ENDED 31 MAY 2024
Approval Hnandal Statrm•nts TONIC HEALTH CIO LEGAL APID ADMINisfiiATIVE INFORMATION Trustee5 Mr M F Morrls Ms SW8h3M Ms F Meanwell Mr M R Pilgrim Mr R Wright Mr N J Darwin Charlty number 1167453 Prfndpal address 6 Broad8ate House Westlode Street Spalding Lincolnshire PEII 2AF Independent examlner TC Group 1-4 London Road Spaldin8 Lhn¢olnshlre PEII 2TA
Appro1 financial Ststements TONIC HEALTH CIO ColE14T5 Trustees. report Independent examiner's report ststement of financial activities Balan sheet Notes to the financial ststements 6-15
Approval Flnan¢lal Ststements TONIC HEALTH CIO TRusfEES' REPORT FOR THE YEAR ENDED 31 MAY2024 The Trustees present their annual report and financial ststements for the year ended 31 May 2024. The flnanclal ststemet)ts have been prepared In accordance wlth the accounting policie5 set out in note i to the financial statements and comply with the Charity's tEoverning documentl, the Charities Act 2011 and "Accounting and Reporting by Charities- Ststement of Recommended Prartice applicable to charities preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffectlve l January 20191. ObJectl¥es and actlvltles Tonic Health 15 a charity community hub for health and wellbeln& sltuated close to Spaldlng town centre. It houses a complementsry therapy clinic, hosts a number of exercise cla55es, provides a ran8e of communlty based prolects and offers hire of facilities to other local organisations. The Charity's objects are: The advancement of health and the relief Of those in need by reason of youth, a8e, ill-health, dlsablllty or financial hardship by the operation and maintenance of a complementary health centre and services for public benefit in Spalding, Its surroundlng areas and beyond.. more specrficallv To prowde services to members of the publlc for the rellef of old age, Inlury, dlsease and/or disabilty Isuch as providing specialist treatment, advice, education and drop in centre51- To provlde facllities for healthy recreation including mental stimulation. conventional andlor ¢omplimentary, alternatlve or holistlc medical treatment and care for the public benefit The Trustees have paid due regard to guidan issued by the Charity Commission in decidin8 what activities the Charity should undertake. Achlevemerts and perfomian A fvll report is èvai13blè at https:l/lssuu.comltonichealthldocslannual_report 202324 FlnancSal revlew It is the policy of the Charity that unrestricted fund5 which have not been (iesi8nated for a speclfic use should be maintsined at a level equivalent to between three and six month's expenditure. The Trustees consider that reseNes at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Chariws Current artivities while cortsidèration is given to ways in which additional funds may be raised. This level of reserve5 has been maintsined throughout the year. The Trustee5 have assessed the major risks to which the Chartty 15 exposed, and are satisfied that systems are in place to mltlgate exposure to the major risks. Strurture. 8ovemance and mana8ement The Charity is a company limited by guarantee.... . The frustees who sèrved during the year and up to the datè of sl8nature of the financial statements were: Mr M F Morrls M5 Swaltham M5 F Meanwell Mr M R Pilgrim Mr R Wright
Approval finandal Statsments TONIC HEALTH CIO TRusfEES' REPORT {CONTINUEDI FOR THE YE4RENDED31 MAY2024 Mr N J Darwln The power to appolnt new trustees Is vested in the trustees for the time being. The trustees normally meet bi monthly. When new trustees are appolnted. they a 8iven an overyiew of the trust and an outllne of both Its operational and financial 3ctivitie5. New tru5tee5 are selected in order to galn benefit from their skills and experlence. to complement the existing trustees, and to provide suc¢esslon. The company's current poliLy concerning the payment of trade credltors Is to follow the CBI'5 Prompt Payers Code l¢opie5 are available from the CBI, Centre PolnL 103 New Oxford Street, London WCIA IDUI. The company's current pollcy concerning the payment of trade creditors is to: settle the terms of payment wth suppliers when agreeing the terms of each transartion,. ensure that suppliers are made aware of the terms of payment by indusion of the relevant terms in contracts,. and pay in accordance with the company'5 contractual and other legal obllgatlons. Trade creditor5 of the company at the year end We equivalent to 0.7 day's purchases, based on the average daily amount invoiced by suppllers durln8 the year. The charlty Is a Charftable Incorporated Organi5ation, first registered on 3 June 2016. It Is ¢onstituted as a Foundation and is governed in accordance with its model constitutlon dated 4 December 2015. The trustees who Served during the year and up to the date of slgnature of the financial ststements were: MF Morris S Waltham N Darwln R Wright MR Pi18rim The Trustees, report was approved bythe Board of Trustees. Mr M F Morri5 Trustee Dated:........28103125..
Approwdl Flnandal Statements TONIC HEALTH CIO INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF TONIC HEALTH CIO I report to the Trustees on my examination of the financial ststements of Tonlc Heatth CIO (the Charltyl for the year ended 31 May 2024. R•sponslbllltles and bas15 of report As the Trustees of the Charity you are responsible for the preparatlon of the financial statements in ccordance wlth the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the Charit¢s finan¢ial statements carrled out under sertion 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Dlrertlons given by the Charity Commission undèr sertion 14515llbl of the 2011 Act. Independent examlnerf5 5tatsment Since the Charity's gross income ex¢eeded £250,OCQ your examlner must be a member of a body listed in sectlon 145 of the 2011 Act. I confirm that l am qualified to undertake the examlnatlon because l am member of Fc whlch Is one of the listed bodies. Your attention is drawn to the fatt that the charity has prepared fftnancial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance wlth the Financial Reporting Standard applicable In the UK Republlc of Ireland IFRS 1021 in preference to the Accounting and Reportin8 by Charities- Statement of Recommended Practice Issued on l April 2005 which is referred to in the extsnt regulations but has now been withdrawn. l understand that this has been done in order for flnanclèl statements to provide a true and fair view in accordance with Generally A(pted Accounting Prarti¢e effective for reporting periods beginning on or after l January 2015. I have completed my examination. l Confirm thar no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respert of the Charlty as requlred by 5ectlon 130 of the 2011 Act,. or the financial statement5 do not accord with those records,. or the flnanclal ststements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reportsl Regulations 2008 other than anv requirement that the accounts give a true and fair view which Is not a matter considered as part of an Independent examinatlon. I have no concerns and hove come across no other matters In Connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to ched. Peter W TC Gro 14 London Road Spalding ncoln5hire PEII 2TA ght FCCA Dated:.. .].......$4..I?1<
Approwdl Flnandal Statements TONIC HEALTH CIO STATEMENT OF FINANCIALAcrivmES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED31 MAY2024 Unlestricted Restrlcted funds funds 2024 2024 Totsl Unr•strl¢ted Restricted funds funds 2023 2023 Totsl 2024 2023 Notes In¢ome from: Donations and leBacies Charitable actlvfitie5 7,336 165,645 1,43B 274.845 8,774 440,490 530 105,430 1,261 169.146 1,791 274,576 Totsl In¢om• 172.981 276,283 449.264 105,960 170,407 276,367 Expendlture on: Charitable activities 129.275 284,566 413,841 108,965 283,344 392,309 Total expendlture 129,275 284,566 413.841 108,965 283,344 392,309 Net incomel{expendlture) and movement In funds 43,706 18.2831 35.423 13,0051 1112,9371 1115,9421 Reconc115atlon of funds: Fund balances at l June 2023 126,2711 76,068 49,797 123.2661 189,005 165.739 Fund balances at 31 May 2024 17.435 67,785 85.220 {26,2711 76,068 49,797 The statement of financial actlvltles indudes all gains and losses recognised in the year. All Sncome and expenditure derlve from contlnuing activitles.
Approval Financlal Ststements TONIC HEALTH CIO BALANCE SHEET ASAT31 MAY2024 2024 2023 Notes Flxed ass•ts Tangible assets io 28.640 34,016 Current assets Debtors Cash at bank and In hand li 3.359 129,876 12.585 16,796 133.235 29.381 dltors: amounts fallln8 due wlthln on• year 12 176,6551 113.6001 Net Current assets 56,580 15,781 Total assets les$ current Ilabllltles 85.220 49,797 Nèt a55et5 exdudlAg penslon Ilab116ty 85,220 49,797 The funds ofih¢ Charlty Restricted inttjme funds Unrestrlcted funds 67,785 17,435 76,068 126,2711 85,220 49,797 The financial statements were approved by the Trustees on.. ..3U03125.. Mr M F Morris
Approval Flnanclal Statements TONIC HEALTH CIO NOTES TO THE FINANCIAL sfATEMENTS FOR 7HE YE4R ENDED 31 MAY2024 Accounting poll¢les Charfty Inforrnatlon Tonic Hearth ao is a foundation re8lStered 3 June 2016 and subsequently amended and approved on 2 August 2018. 1.1 Ac<ountlng ¢onventlon The financial statements have been prepared in accordance with the Charity's tgovernin8 documentl, the Charities Act 2011, FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland. I"FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Ststement ol Recommended Practice applicable to charleS preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Iland IFRS 1021" (effective l January 20191. The Charity is a Publlc Benefit Entity as definèd by FRS 102. The Charity has taken advantage of the provisions in the SORP lor charities not to prepare a Ststement of Cash Flows. The financial statemènts have departed from the Charlties (Accounts and Reportsl Regulatlon$ 2008 only to the extent required to provlde a true and fair view. This departure has involved followin8 the Statement of Recommended Prattice for charf(iès applying FRS 102 rather than the version of the Ststement of Recommended Practlce which is referred to in the Regulations but whlch has since been withdrawn. The financial ststements are prepared in sterlin& which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financlal statements have been prepared under the historical cost convention, Imodified to include the revaluation of freehol(J properties and to include investment propertlès and certain financial instruments at fairvaluel. The prlncipal accounting policles adopted are set out below. 1.2 Goini concern At the time of approving the financial statements, the Trustees have a reasonable expertation that the Charity has adequate resovrces to continue in opèrdtional existence for the foreseeablè future. Thus the Trustees contlnue to adopt the 80in8 concern basis of accounting in preparln8 the financial ststements. 1.3 Charitable funds Unrestricted fund5 are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restrlrted funds afe subject to specific conditions by donors or grantors as to how they may be used. The purp95es and uses of the restricted funds are Set out In the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charlty. 1.4 Income Income 15 TecoBnlsed when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and It Is probable th* income will be received.
Approval Nnancial 5tstements TONIC HEALTH CIO NOTESTO THE HNANCIAL sfATEMEiifs ICONTINUEDI FOR ThTE YEAR ENDED31 MAY2024 Accountln8 poIIci•s (Continuedl Cash donations are recognised on receipL Other donations are recognised once the Charlty has been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations re¢elved under Gift Aid or deeds of covenant is recognised at the time of the donation. Lègacies are recognised on receipt or otherwise If the char has been notified of an impending distribution, the amount is known. and receipt is experted. If the amount is not known, the legacy is tated as a contingent asset. 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obllgation to transfer economic beneffit to third party, it 15 probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured rellably. Expenditure is classified by activity. The costs of each activity a made up of the totsl of dirett costs and shared costs, includlng 5UPPOrt costs involved in undertaking each activity. Dlrect costs attributable to a single attivlty are alloc*ed dirertly to that activlty. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those actlvltles on basis consistent wf(h the use of resources. Central staff costs are allocated on the basis of time spert( and depreclation charges are allocated on the portion of the asset's Use. 1.6 Tanglble fixed assets Tangiblè fixed assets are initially measured at cost and subsequently measured at cost or valuatlon, net of depciatIOn and any impaimient losses. Depreclation is recognised so as to write off the cost or valuation of assets less their residual values over their usèful lives on the following bases.. Leasehold land and buildings IO% straight line The gain or 105$ arlslng on the dlsposal of an asset is deterniined as the difference between the sale proceeds and the carryingvalue of the asset, and Is recognised in the statement of financial attivitles. 1.7 ImpaIrMe offlxed assets At each reporting end date, the CharSty reviews the carrying amount5 of its tangible assets to deterniine whether therè Is any indicatlon that those assets have suffered an impairment10s5. If any such indication exists, the recoverable amount of the asset Is estimated in order to determine the extent of the impaiment loss lif anvl. IA Cash and osh equlvalents Cash and cash equivalents include cash in hand, deposits held at call wSth banks, other short.term liquid Investments with original maturitie5 of three months or less, and bank overdrafts. Bank overdrafts are Shown within borrowing5 in current liabilitles.
Approval Ftnancial Statements TONIC HEALTH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EhlDED 31 MAY2024 Ac¢ountln8 poll¢tes Icontlnued) 1.9 Rnandal instruments The Charity has elected to apply the provisions of Section 11 'Basic Flnancial Instruments, and Section 12 'Other Financial Instwments Issues, of FRS 102 to all of its financial Instruments. Financial instruments are recognised In the Charity's balance sheet when the Charlty becomes party to the contractual provisions of the instrument. Financial assets and liabilltlès are offset. with the net amounts PSented in the financial statements. when there is a legally enforceable right to set off the rètO8nised amounts and the Is an intentlon to settle on net ba51s or to realise the asset and settle the Ilability simultaneously. Baskflnttnclalossets Basic financial assets, whlch include debtors and cash and bank balances, are initially measured at trnnsactlon price including transaction costs 8nd are subsequently Carried at amortised cost uslng the effective interest method unless the arrangement constltutes a financing transartion. where the tran5artion is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortlsed. Boslcfiftonciol Ilobllltles Basic flnancial liabilities, includlng creditors and bank loans are Inltially recognlsed at transartion prfce unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of Interest. Flnancial liabilitle5 classified as payable within one year are not amortised. Debt instruments are subsequently carrled at amortised ¢osL usln8 the effettive interest rate method. Trade credltors are obligations to pay for goods or services that have been acqulred in the ordlnary course of operatlon5 from supplier5. Amounts payable a classifled as current liabilitles rf paymentls due within one year or less. If not, they are presented as non-current liabilities. Trade credltots are recognised Initially at transèttion prlce and subsequently measured at amortised cost usin8 the effertive interest method. Derecognltlon oAfinandol llolItIeS Financial liabilities are eCOgnIsed when the Charitys contractual obligations expire or ao discharged or cancelled. 1.10 Employee ben¢frts The cost of any unused holiday entitlement Is recognised in the perlod in which the employee's seThl¢es are received. Temilnation benefits are recognised immediately as an expense when the Charity is demonstrably ¢ommitted to terminate the employment of an employee or to provide temiination benefits.
Approval Flnancial Statsments TONIC HEALTH CIO NOTES TO THE FINANCIAL ATEmENTs (CONTINUÉD) FOR THE YEAR ENDED 31 MAY2024 Critiul accountlng estlmates and ludzements In the application of the Charity's accountlng policies, the Trustees are requlred to make judgemènts, estlmates and assumptions about the carrying amount of assets and li3blllties that are not readlly apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevanL Actual results may differ from these estlmates. The estimates and underlying 35sumptlons are reviewed on an ongolng basi5. Revlslons to accounting estimates are recognlsed in the period in whlch the estlmate is rèvised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both Current and future perlods. Income from donatlons and lerd¢les Unrestrfrted Re5trlctèd funds lunds 2024 Total Unrestrlcted Restrlcted funds funds ZOZ3 2023 Total 2024 2023 Donations and glfts 7,336 1,438 8,774 530 1,261 1.791 Income from ¢harltabl• artivltles unrestrict Restrfcted funds funds 2024 2024 Totsl Unrestri¢ted Restricted fund$ funds 2023 2023 Total 2024 Income from chorttabl• actlvltles Sale of goods 62,743 Performance related grants 62,743 73,690 73,690 102,902 274,845 377,747 31.740 169,146 200,886 165,645 274,845 440,490 105,430 169,146 274.576
Approwdl Flnanclal Statements TONIC HEALTH CIO NOTES TO THE FINANCIAL STATEMENTS IcoTrifiNUED) FOR THE YEARENDED31 MAY2024 E¥pendlture on ¢harltable art•vltle5 Expenditure Ejtpendlture for charitable artlvitles 2024 charftsble actlv5ties Z023 DSrert costs 5tsff costs Depreciation and impairment Projert expendSture Contribution to costs 200,239 5,376 80,075 92,632 2,997 26,119 18,905 24,209 1,688 5,938 195,315 5,376 67,370 97,255 4,366 19,014 17,467 19,829 1,848 7,806 Light, heat and power Repairs Project expenditure lunrestri¢tedl Telephone Offi expenses, cleaning and refreshments Trade subscriptions, lInCeS and management fees Sundry expense5 Marketing Contribution to costs Legal and professlonal Bank charges Rent and Insurance 11 1,034 9,086 5,535 192,6321 1.750 92 30.798 760 9.077 1,648 197,2551 3,468 128 38.837 413,841 392,309 Analysis by fund Unrestricted fund5 Restricted fvnds 129,275 284,566 108,965 283,344 413.841 392.309 Net movement in funds 2024 2023 The net movement in funds Is ststed after Chargingllcreditingl: Depreciation of owned tangible fixed assets 5,376 5,376 10-
Approval Financlal Statements TONIC HEALTH CIO NOTES TO THE FINANCIAL sfATEMENTS ICONTINUED) FOR 7HE YEAR EhTDE0 31 MAY2024 Trustees None of the Trustee5 lor any persons connected with them? recelved any remuneration or benefits from the Charity duringthe year. Employees The average monthly number of employees during the year wa5-. 2024 Number 2023 Number 29 29 Employment ¢osts 2024 2023 Wages and Salaries 200,239 195,315 There were no employees whose annual remuneration was more than £60.OCQ. Remuneratlon of key management personnel The remuneration of key management personnel was a5 follows.. 9 Taxatlon The tharity Is exempt from taxation on Its activities because 311 its Income is applied for charitable purposes. 11
Approval Financlal Ststements TONIC HEALTH CIO NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR ThE YEAR ENDED31 MAY2024 10 Tan8lble flxed assets le•sehold la and bulldW*s At l June 2023 55.520 At 31 May 2024 55,520 Deprtclatlon and Impalmiént At l June 2023 Depreciation charged in the year 21,504 5.376 At 31 May 2024 26.880 Carrylng amount At31 May 2024 28,640 At 31 May 2023 34.016 11 Debtors 2024 2023 Amtyjrts falllnl due wlthln one year: Trade debtors 3,359 12,585 12 Creditors: amounts fallln8 due wlthln one year 2024 2023 Notes Othertaxation and social security Deferred income Other creditors 1371 67,855 8,837 12371 13 13,837 76.655 13,600 13 Deferred Inme 2024 2023 Other deferred income 67,855 12-
Approwal Flnancial Ststsments TONIC HEALTH CIO NOTES TO TrIE FINANCIAL STATEMETrifs {CONTINUEDI FOR THE YEAR ENDED 31 MAY2024 13 Deferred income {Contlnuedl Deferred Income is included in the flnancial ststements as follow5- 2024 2023 Deferred Income is induded within.. Current liablllties 67,855 Movements in the year: Deferred Income at l June 2023 Resource5 deferre<l In the year 67,855 Deferred income at 31 May 2024 67,855 14 Restrfcted funds The restrlcted funds of the charity comprise the unexpended balan¢es of donations and grants held on trust subject to specific conditlons by donors as to how they may be used. At l June 2023 Incomlng Re50ur¢es tpended At31 May 2024 Safe Placès Dementla Core fundin8 YoLrth 125,0751 69,348 25.483 6,312 171,321 47,767 22,619 34,576 1241.1121 127,4651 17,2201 18,7691 194,8661 89,650 40,882 32,119 76.Cfj8 276.283 1284.5661 67,785 Prevlous year: At l June 2022 Incoming ouYte5 Resourtès expended At31 Mav 2023 Safe Places Dementia Core fvnding Youth 84,156 80,614 24,235 117,054 13,228 27,783 12,342 1226,2851 124,4941 126,5351 16,0301 125,0751 69,348 25,483 6,312 189,005 170,407 1283,3441 76.068 13-
Approval Flnanclal Statements TONIC HEALTH CIO NOTES TO THE FINANCIAL sfATEMEpirs IcoririNUEDI FOR THE YEAR ENDED 31 MAY2024 15 Unrestrlrted funds The unrestrlcted funds olthe charity comprise the unexpended balances of donations and grants whlch are not sublert to specific conditions by donors and Brantors as to how they may be used. These include designated funds which have been set aside out of unrestrirted funds by the trustees for 5pecfflc purposes. At l June 2023 Incomln8 resource5 Resour¢e5 expended At 31 May 2024 General funds 126,2711 172,981 129,2751 17,435 Prevlous year: At l June 2022 Incomln8 resources Resour¢e5 expended At YI Mav 2023 General funds 123,2661 105,960 1108,9651 126,2711 16 Analysls of net assets between tunds UnrestrScttd Restrl¢ted funds fvnds 2024 2024 Totsl 2024 At31 May2024: Tangible a55ets Current assetsllliabilitlesl 28,640 111,2051 28,640 56,580 67,785 17,435 67,785 85,220 Unrestrlcted funds 2023 Re5trfrt¢d funds 2023 Totsl 2023 At 31 May 2023: Tangible assets Current assetsllliabilitiesl 34,016 160,2871 34,016 15.781 76,C68 126,2711 76.068 49,797 14-
Approval Financlal Statem TONIC HEALTH CIO NOTÉS TO THE FINANCIAL ATEmENTs {CONTINUEDI FOR THE YEAR ENDED31 MAY2024 17 Related partytrdnsactlons Durlng the year Michael F Morris Lttl was charged £3,68512023.' £3,874) for room h1. As at 31 May 2024 the charlty owed Ml¢hael F Morrls £8,38712023: £13.8371. Al transactlons are on full commercial terms. M Morrls, a trustee. Is a director of Michael F Morris Ltd. 15-