Approval Flnancial Statements Charity registration number 1167453 TONIC NEALTh C ANNUAi REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
Approval Flnandal Statements TONIC HEALTH CIO LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr M F Morris Ms S Waltham Ms F Meanwell Mr M R Pilgrim Mf R Wright Mr N J DarwTrn Mrs H Mason-Foster Ms E Moss {Appointed 13 January 20251 {Appointed 13 January 20251 Ch•rity nurnber 1167453 Prfnclpal addre55 6 Broadgate House Westlode Street Spalding Lincolnshi PEII 2AF Independent examlner TC Group 14 London Road Spalding Lincolnshire PEII 2TA
Approval Flnanual Statements TONIC HEALTH CJO coNrENTS Trustees, report Independent examiner's report Statement of financial artivitie5 Balance sheet Notes to the financial statements 7-16
Approval FInalJI Statements TONIC HEALTh CIO TRUSTEES. REPORT FOR THE YEAR ENDED31 P•lAY2025 The Trustees present their annual report and financial statements for the year endÈd 31 May 2025. The firtantial statements have been prepared in accordance with the accounting policies set out in note I to the finantial statements and comply with the Charity's Igo¥ernin8 documentl, the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Finanoal Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 20191. Objeciives and activities Tonic HeaMh is a charity community hub for health and wellbein& situated close to Spalding town centre. It houses a complementary therapy clinit, hosts a number of exercise classes. prowdes a range of community based projects and offers hire of fratilities to other local organisations. The charity's objerts are: The advantement of health and the relief of those in need by reason of youth, age, illthealth, disability or rinaneial hardship by the operation and maintenance of a complementary health centre and 5ervites for publit benefit in Spaldin& its surrounding areas and beyond- more specifically To Provide services to members of the publit for the relief of old age, injury, disease andlor disability Isuch as providing specialtst treatment, advice. edue3tion and drop in centresl- To provide facilities for healthy recreation including mental stimulation, conventional andlor complimentary, alternative or holistic medical treatment and care for the public benefit The Trustees have paid due regard to gubdance issued by the Charity Crynrnission in decidin8 what actItIeS the Charity should undertake.
Appro¥al Flnanclal Slatements TONIC HEALTH CIO TRUSTEES, REPORT Icoifflf4uEOI FOR THE YEAR EPIDED 31 PAAY2025 Achievements and performance A full report is available at https."Ilsway.cloud.microsoftlqFAXJqdeOrlWAbXj As we reflect on another remarkable year at Tonic Health, l am filled both pride and gratitude. The 2024- 2025 period h3s been one of incredible growth, adaptstion, and continued dedication to our mission- supporting health and wellbeing across our communities in South Lincolnshi. At the heart of everything we do are the people - our beneficiarie5. staff. volunteers, fvndets. partners. and stakeholders. Their sjnwavering belief in the power of connection and compassion is what Makes Tonic Health mole than just a charity- it makes us a lifeline. a listenin8 ear, and a place where individua15 feel seen. heard. and supported. Our commvnity connectors have 8one above and beyond to bridge gaps and build trust acr055 selvices. Their work has empowered countless individuals to access the help they need- 50metirnes at their most Vulnerable moments. We have also welcomed a new site to the Tonic Health farnI- grade 2 listed. 14th Century former manor house. Pescod Hall in Boston. Whilst we have just taken the keys to the buildin& our plans are to develop this into a flourishing Community Hub and be the home to the B05ton Youth Hub. I look forward to seeing how this latest project grows and develops. Of course, this impact would not be possible without the vitsl contribution5 from fundets. local businesses. supporters, and volunteers. At a time when the c05t of livtng and rising operational costs thallenge many charities. your continued support means eveNhinB to us. It keeps our doows open. OLbr services thfiving. and our communities connected. As we look to the year ahead, we remain committed to beinE agile. peopltrled. and driven by local voices. Whether throvgh a new project, a chance convew5ation, or 3 moment of shared support- we know that small actions lead to lasting chan8e. Financial review It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a 5i8nificant drop in fundin& they will be able to continue the Charit5 current activities while consideration Tr5 given to ways in whith addilional funds may be raised. This level of reserves has been maintained throughout the year. The Trustees have assessed the major risks to which the Charity is exposed, and are 5atlsfied that system5 are in place to mitigate exposure to the major risks. Strurture. governance and management The Charity 15 a company limited by guarantee. The Trustees who seThe(I during the year and up to the date of si8nature of the financial statement5 were.. Mr M F Moiris Mss Waltham Ms F Meanwell Mr M R Pilgrim Mf fl Wright Mr N J Darwin Mrs H Mason-Foster IAppThnted 13 January 20251
Approval Knancial Statements TONIC HEALTH CIO TRusfEES' REPO1 IcopillNUED} FOR ThE YEAR ENDED 31 MAY202S Ms E M05S IAppointed 13 January 20251 The power to appoint new Irustees is Vested in the tDJstees for the time being. The trustees normally meet bi monthly. When new trustees are appointed. they are given an overview of the trust and an outline of both its operational and financial activities. New trustees are selected in order to gain benefit from their skills and experiente. to tomplement the existing trustees. and to prowde succession. The company's current policy concerning the payrnent of tw3de creditors is to follow the CBI'5 Prornpt Payers Code Icopies are available from the CBI, Centre Point. 103 New Oxford Street, London WCIA IOU). The company's current policy Conrning the payment of trade creditOf5 IS to.. settle the terms of payment with supplier5 when agreeing the terrns of eath transaction- ensure that 5upplier$ 4re made awaTr of the tems of p•fftient by intlusion of the relevant terms in ontracts,. and pay In attordance with the companws contractual and other legal obligation Trade treditors of the company at the year end were equivalent to 0.7 d,$ purchases, based on the avera8e daily amount involced by suppliers durin8 the year. The charity is a Charitable Incorporated Owanisation, first re8lStered on 3 June 2016. It is constituted as a Foundation and is governed in atcordance with its model constitution dated 4 December 2015. The trustees who served during the yeaf and up to the date of signature of the financial statements were: MF Morri5 S Waltham N Darwin R Wright MR Pilgrlm The Trustees, report was approved by the Board of Tnstees. Mrm F Morrfs Truslee
Approval Flnanclal Statements TONIC HEALTH CIO INDEPENDENT LV4MINER'S REPORT TO THE TRUSTEES OF TONIC HEALTH CIO I report to the Trustees on my examination of the financial sratements of Tonic Health CIO Ithe Charityl for the year ended 31 May 2025. Responsibilitiés and basis of report As the Trustees of the Charity you are responsible for the preparatitsn of thè financial statements in accordance with the requirements of the Charitie5 Art 2011 (the 2011 Acll. l port in respert of my examination of the Charity'5 financial statements tarried out under section 145 of the 2011 Act. In carrwn8 Out my examination I have followed all the applicable Di£tIonS given by the Charity Commission under section 14515llbl of the 2011 Art. Independent ex3minerfs Statement Since the Charivs gross income exceeded E250.CKJ) your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of FCCA, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared fin3ncial statements in accordance with Accounting and Reportin8 by Charities preparin8 their accounts in auordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Actounting and Reporting by Charities= Ststement of Recommended Prartice i55ued on l April 25 which is referred to in the extant re8ulalions but ha5 now been withdrawn. l understand that this has been done in order for financi31 statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on Of after l January 2015. I havè tompleted my examinatTron. I confirm that no matters have come to my attention in connection with the examination giving me tause io believe th31 in any material respect-. accounting records were not kept in respect of the Charity as required by sethon 130 of the 2011 Act.. or the financial ststements do not accord with those records- or the financial stèternents do not comply with the applitable requirements conceming the form and content of accounts set out in the Charities (Atcounts and Reports) Regulaiions 2008 other than any requirement that the accounts give a true and fair wew which is not a matter considered as part of an independent examinalion. I have no concerns and have tome across no other matters in connection with the exomination to which attention should be drawn in this report in order to enable a proper understandin8 of the financial statements to be reached. Peter Wright FCCA TC Group 14 London Road Spalding Lincolnshire PEII 2TA Dated..
Appro¥al Flnanclal Statements TONIC HEALTH CIO srATEMENTOF FINANCIALACTNMES INCWDING INCOME AND EXPENOtTURE ACCOUNT FOR THE YEIR ENI>ED 31 MAY2025 Total funds 2025 funds 25 lunds 2024 funds 2024 2025 2024 Notes Income frorn: Donations and legacies Charitable activitTres 5,922 156.336 5,922 571.461 7.336 165,645 1.438 274,845 8,774 440.490 415.125 Total income 162.2S8 415.125 S77.383 172,981 276.283 449,264 Expenditure on: Charitable activilies 181.530 357.681 539.211 129,275 284.566 413.841 Totsl expenthturè 181,530 357,681 539.211 129.275 284.566 413,841 14*t incomèllèxpenditurnl and movement in fvnds 119.2721 57.444 38,172 43.706 18,2831 35,423 Reconciliation of funds: Fund balantes at l June 2024 17.435 67.785 85.220 126.2711 76,068 49,797 Fund balances at 31 May 2025 11.837} 125.229 123.392 17.435 67,785 85,220 The statement of finan¢ial artTrvities includes all gains and losses recognised in the year. All inwme and expenditure derive from continuing attIes.
Approval FInal41 St*ements TONIC HEALTH CIO BALANCE SHEET ASAT31 MAY2025 2025 2024 Flxed assets Tangible assets io 23.264 28,640 Current assets Debtors Cash at bank antl in hand li 5,114 96.291 3.3S9 129,876 101.405 133.235 Credltors: amounts hlllnB due withln one year 12 11,2771 176.6551 Net current assets ILX).128 56,580 Total assets less Current liabilities 123,392 85.220 Net assets excludlni penslon Il¥blllty 123.392 85,220 The funds of the Charity Restricted income funds Unrestricted funds 14 125,229 11.8371 67.785 17,435 123.392 85.220 The financial statements were approved by the Trustees ......................... Mr M F Morris Trustee
Appro1 Hn•nclal Stslernents TONIC HEALTh CIO NOTES TO THE FINANCIAL sfATEMEKfs FOR THE YEAR ENDED31 MAY2025 Accountlni poll¢les Charlty Inforniation Tonit Health CIO is a foundation registered 3 June 2016 and subsequently arnended and approved on 2 August 2018. 1.1 Accountln8 convention The financial statements have been prepared in accordance with the Charity's tgoverning documentl, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I-FRS 102.1 and the Charities SORP -Attounting and Reporting by Charities." Statement of Recommended Practice applicable to tharities preparing their actounts in accordance with the Financial Reporting Standard applicable in the UK and Replsblic of Ireland IFRS 1021" leffect¢ve l January 20191. The Charity 15 a Public Benefit Entity as defined by FRS 102. The Charity has tsken ad¥antaBe of the provision5 in the SQRP for charities not to prepare a Ststement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2W8 only to the extent required to provide a inje and fair wew. This departure has involved following the Statement of Recommended Prartice for charities applyin8 FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdfawn. The financial statements arè prepared in sterlin& which is the hjnctional currenry of the Charity- Monetary amounts in these finantial statements a rounded to the nearest £. The financial statements have been prepared under the hiOtal tost tonventron. Imodtfied to include the valuation of freehold properties and to include investment properties and certain financial instruments at fair valuel. The principal attounting polities adopted are set out below. 1.2 Going conctm At the tirnÈ of approwng the ffinancial statements, the Trustees have a reasonable expeciation that the Charity has adequate resoulces to continue in operational existence for the foreseeable future. ThLSS the Trustees continue to adopt the goin8 concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted fsjnds are availab for use at the discretion of the Trustees in furthernnce of their charitable objectives. Restricted fvnds are subjeci to specific tonditions by donors or grantors as to how they may be used. The purposes and uses of the rer1ded funds a 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 Ch3rity- IA Income Income is retognised when the Charity is legally entitled to it after any performance condition5 have been met, the amounis can be measured reliably, and it is probable ihal Income will be received.
Approval Financial Ststements TONIC HEALTH CIO NOTES TO THE FINANCIAL sfATEMEpifs ICOPfflNUEO} FOR THE YEAR EftIDED 31 MAY2025 Ac(ountinK policies Icontlnued) Cash donations afe recognised on Ceipt. Other donations are recognised once the Charity has been rtotified of the donation. sjnless performance conditions qUIre deferral of the amount. Income tax retoverable in relation to donations received under Gift Aid or deeds of covenant is recogni5ed at the time of the donation. Legaties are ognISed on receipt or otherwise if the Charty has been notified of an impendin8 distribution. the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. l.S Expendltur• Expenditure is retognised once there is a legal or constnJttive obligation to transfer economic benefit to a third party. it is probable thai 3 iransfer ol economic benefits will be required in settlement, and the amount of the obligation can be meaSUd reliably. Expenditure is tlassified by attivity. The costs of each activity are made up of the total of dirert costs and shared costs. including support costs involved in Lsndertakin8 each activity. Dirert costs attributable to single activity are allocated dirertly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributsble to a single activity are apportioned between those activitie5 on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges are allocated on the porbon of the asset's use. 1.6 Tanllble fixed assets Tangible fixed assets are initialty measured at cost and subsequently measured at cost or viluation, net of depreciation and any impairment losses. Depreciation 15 recogni5ed 50 as to write off the t05t or 7fdluation of assets less their residual values over their useful lives on the following bases.. Leasehold land and buildings IO% straight line The gain or loss arisin8 on the dr5posal of an asset is determined as the difference between the sale proceeds and the carryin8 value of the asset, and is reco8nised in the ststement of financial activities. 1.7 Impairrnent of fixed assets At each reporting end date, the Charity reviews the carrying amounts ol its tangible assets to determine whether there is any indication that those assets have suffered an impairment 1055. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.8 Cash and cash equNalents Cash and cash equivalents include cash in hand, deposits held at call with banks. Other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdraft5 are shown within borrowin85 in current liabilities.
Appr1 FIfiand Ststernents TONIC HEALTH CIO NOTES TO THE FINANCIAL sfATEMEpirs IcoiinNUEO) FOR THE YEAR ENDED 31 MAY2025 A¢countinÉ pol•clÈs Icontlnuedl 1.9 Flnanclal Instryments The Charity hès elected to appty the prowsion5 of 5ettion 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments155ues' of FPS 102 to all of its financial instruments. Financial instruments are recognised in the Chariws balance sheet when the Charity become5 Party to the contractual provision5 of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the finantial ststements. when there 15 a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability 5imuttaneousty. 8uskfinJnclalo55ets Basic financial assets, which include debtots and cash and bank balances. are initially measured at transaction price including tran5artion costs and are subsequently carried at amortised cost using the effective interest rnethod unless the aryangement constitutes a fLnancin8 transaction, where the transaction 15 rnea5ured at the present value of the fvture receipts discounted at a market rale of interest. Flnancial assets classified as receivable within one year are not amortised. 8oskfinonclal lknblltties Basic financial liabilities, induding creditots and bank loans are initially recognised at transaction price unle55 the arrangement constitutes a financing tfansaction. where the debt instrument is measured at the present value of the future payments distounted at a Maet rate of interest. Financial liat)ilities cla55ified a5 payable within one year are not amortised. Debt instruments are subsequently carried at amortised cosL usin8 the effertive InteSt rnte method. Trade tteditors afe obligations to pay for 8¢x)d5 or seNce5 that have been acquired in the ordinary course of operations from suppliers. Amounts payable are cla55ified 85 turrent liabilities if payment is due within one year or less. If not, they are presented as non-tuffent Itabilities. Trade creditors are recognised initially at transaction price and Subsequent measured at amortised cost using the effectNe interest method. Deretogftition olllnonclalKobllftles Financial liabilities are derecogniseil when the ChariVs contractual obligations expire or are discharged or tancelled. 1.10 Employee beneffts The cost of any unused holiday entitlement 15 recognised in the period in which ihe employee's seNices are recei74ed. Temiination benefits are recogni5ed immediatety as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Approval F•n3ntial Ststements TONIC HEALTH CIO NOTES TO THE FINANCIAL sfATEMENTS {COPfflNUEDI FOR THE YEAR ENDED31 MAY2025 Crltlul xcountln8 estim•te5 and judpments In the application of the Charity's acrounting policies. the Trustee5 are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historieal experience and other factors that are considered to be relevanl. Artual re5uIts may differ from these estimates. The estimates and undertyin8 assumptions are reviewed on an ongoing basis. RlSIonS to accounting estimates are recogni5ed in the period in which the estimate is revised wheie the revision affects only that period, or in the period of the rewsion and future periods where the revision affects both current and future periods. Incorne from donation5 and legaci Unrtstrirted Restrirted funds fvnds 2025 2025 Total Unrestrlcted Restrfcted fvnds funds 2024 Totsl 2025 2024 2024 Oonation5 and gift5 5.922 5.922 7.336 1,438 8,774 Income from charftable artiviti Total Unrestrktd Restricted lunds funds 2024 2024 Total fund5 2025 fvnds 2025 2025 2024 Income from tharitable attivities Sale of goods 91.260 Performance related grants 91.260 62,743 62,743 65.076 415,125 480,201 102,902 274.845 377.747 156,336 415,125 571,461 165.645 274,845 440.490 10-
Apprg¥al Financial Statèments TONIC HEALTh CIO NOTES TO THE FINANCIALSTATEMEIIT5 IcopillNUEDI FOR THE YEAR EPIDE031 MAY2025 Expendlture on charitable artivrties E¥ynditure Expenditurè for tharftable actlvltles 2024 harrtab attivitiès 2025 OifÈCt costs Staff costs Depreciation and impairment Projert expenditure Contfibution to costs 301,211 5.376 44,853 115.722 2,291 30,187 17.957 77.690 1,932 6,434 859 6.348 200,239 5,376 80,075 92,632 2,997 26.119 18,905 24.209 1,688 5,938 1.034 9,086 5,535 192.6321 1,750 92 30,798 '8ht, heat and power Repairs Project expenditure lunrestrittedl Telephone Office expenses. cleaning and refreshments Trade subscription5, licences and management fees Sundry expenses Marketing Contributton to costs LeK81 and professional Bank char8e5 Rent and insurance IIIS.7221 14,065 25,592 539.211 413,841 Analysts by fvnd Unrestricted funds Restricted funds 181,530 357,681 129,275 284.566 539,211 413.841 Net mo¥èm*nt In funds 2025 2024 The net movement in funds is ststed after thargingllfftditingl: Depreciation of owned tangible fixed a55ets 5,376 5,376 11
Approval Flnancial Ststefflents TONIC HEALTH CIO NOTES TO THE FINANCIAL STATEMEtirs (CONTINUED) FOR THE YEAR ENOED 31 MAY2025 Trustees None of the Trustees lor any pew50n5 connected with them) received any remuneration or benefits from the Charity durin8 the year. Employees The o¥era8e monthly number of empltyees duringthe yearwas: 2025 2024 Nurnber Number 36 29 Employment costs 2025 2024 Wages and 5alarie5 301,211 200,239 There were no ernployees whose annual remuneration was more than £60.IXQ. Remuneration of key management pertne1 The remuneration of key management personnel wai ai follow%= Michael Mofris gross salary £24.(xK) for the year ended 31 May 2025 Taxatlon The charity is exempt from taxation on its adivities because all its income is applied for charitable purposes. 12-
Appfo¥al Flnancial Ststements TONIC HEALTh CIO NOTES TO THE FINANaAL sfATEMEPfft ICONTINUEDI FOR THE YEAR ENDE031 MAY202S 10 Tan8lble fixed assets •nd buiklA¥s Co At l June 2024 55,520 At31 May 2025 55,520 Depreciation and impairmtrt At l June 2024 Depreciation charged in the year 26,880 5,376 At 31 May 2025 32,256 Carryln8 amount At31 May 2025 23.264 At 31 May 2024 28,640 11 Debtors 2025 2024 Amounts falllngdue w1th5n one year: Trade debtors 5,114 3,359 12 CredltoTr: arnounts f•llin8 dye withirt one year 2025 2024 Other taxation and wcial security Deferred income Other treditofs {2.5601 1371 67,855 8.837 13 3,837 1,277 76,655 13 Deferred Incorne 2015 2024 Other deferred income 67,855 13-
Approval Flfi•nclal Ststefflents TONIC HEALTH CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MAY2025 13 Deferred incorne ICont5nuedl Deferred income is included in the financial statements as follows-. 2025 2024 Deferred income is included within= Current liabilities 67,855 Movements in the year.. Deferred income at l June 2024 Released from previous periods Resourtes deferred in the year 67,855 167,8551 67,855 Oeferred income at 31 May 2025 67.855 14 Restrfrted fvnds The restricte(J funds of the charity comprise the unexpended balance5 of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At l Jth* 2024 Incomlni Resource5 At 31 May 2025 safe Places Oementia Events Core funding Surfleet GNS Youth Talk stick 194,8661 89.650 309.192 39.573 1285.8081 131,5481 15.4391 12,9571 171,4821 97.675 15,4391 37,925 20,404 38,426 7,720 40,882 20.404 38,236 7.720 32,119 131,9291 67,785 415.125 1357.6811 125.229 14-
Approval Flnanclal Statements TONIC HEALTh CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED31 MAY2025 14 Restrfcted funds Icontlnued) Prevlou5 year: At l June 2013 Incomln8 Resources resourtÈs expended AtYIM ZO24 Safe Places Dementia Core fvndin8 Youth 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 76,1 276,283 1284.5661 67.785 15 Unrestricted funds The unrestrFcted funds of the charity Comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantots as to how ihey may be used. These include designated fund5 which have been set aside out of unrestricted funds by the trustees for specific purposes. At l June 2024 Intomlng ResourtÈs resources pended At 31 May 2025 General funds 17.435 162.258 1181.5301 11.8371 Pre¥lous year: At l June 2023 Incomlng Resources resources expended Al 31 May 2024 General funds 126,2711 172,981 1129.2751 17.435 16 Analys15 ofnet *ts betseen funds Totsl fvnd5 2025 fvnds 2025 2025 At 31 May 2025: Tangible assets Current assetsllliabilitiesl 23,264 125.1011 23.264 100,128 125,229 11.8371 125,229 123,392 15-
Approval Flnanclal Ststements TONIC HEALTH CIO NOTESTO THE FINANCIAL sfATEMEiifs ICONnNUED} FOR THE YEAR ENDEL131 MAY2025 16 Analysis of net assets betwn funds Iconlinuedl Unrestricted funds 2024 Rstrirtèd lunds 2024 Total 2024 At 31 May 2024". Tangible assets Current assets/lli3bilitiesl 28,640 111.2051 28,640 56.580 67.785 17.43S 67.785 85.220 17 Rded party traiisadiohs Ourin8 the yèar Mithaèl F Morris Ltd was tharged £2.84912024.. £3.6851 for room hire. As at 31 May 2025 the charity owed Michael F Morris £3.38712024= É8,3871. All tiartsartions are on full commercial terms. M Morris, a trustee, is a director of Michael F Morris Ltd. 16-