MUSIC FOR MENTAL HEALTH
nnual
Report
for the lear Etsded 30 June 2024 '
Ibr Tonlc Mu8&0 for Melltsl He81th Ltll
Registered Cornpany Numbef.. 08093898 (England and Walesl
R￿istered Chatty Number. 1189913

Oontent8
strategic Report
structure, Govemance and Management
Recruitment and Appointment of TrusteeslDirectors
Advisory Board
Patrons & Ambassadors
Administration Infomiation
What We Do
10
structure. Governance and Management
Mission, Charitable Objects, Vision. ilalues and Activities
Signfficant Activities
Grants
11
12
14
14
A Year in Numbers
15
Moniloring'our Performance
Participant Quotss
Future Plans
17
19
19
Development (Futur8 Plans}
Tonic Rider {Future Plans)
Never Mind The Stigma (Future Flans)
Public benefit
20
21
22
23
Summary of Trading Performance and Going Concern
Reserves Policy
Independenl Examiner's Report
. Statement of Financial Activities
23
24
26
26
Balance Sheet
27
Notes to the Financial Statements
AMu81 Rts￿ ofthe Truste88
d Fk)8ncW Statem8nl8
forthe Yw Ended 30 JUM 2024
TOXIC

The Trustees, who are also directors of the charity for the purposes of the Companies Act
2006, present their report with the financial statements of the charity for the year ended 30
June 2024. The Ifustees have adopted the provisions of Accounting Reporting by Charities..
Statement of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standards applicable in the UK and Republic of
Ireland (FRS 102}.
strateglc Report
We continued to see a growth in in¢ome during the reporting year 2023-24, building on the
partnerships established in the previous year. This financial stability enabled Tonic Music to
expand its staffing team to increase its expertise in the areas of event management, music
promotion and administration.
As set out in this report, the year marked a significant shift for Tonic Music, a5 we transitioned
from a local focus to national mental heaSth support. As part of that growth it was recognised
by the existing board ol Irustees that il was important to review the membership and
expeitse of the board, to ensure that Irustses have the right skills and experience to oversee
the charty's change of direction. Following the year*nd, but before preparation of this report,
four new trustees joined the board, brlnglng valuable expertise from varying backgrounds,
including.. law, charities, marketlng and accountlng.
They are.. Guy Morpuss KC, a barrister and author- Julie Davies, a former solicitor with
experience of charity work. Richard Walters. who has extensive experience in marketing,
communication and developing businesses- and David Dearman, a forensic accountant and
8xpert witness.
As part of this reoTganisation a number of the existing board of trustees Stepped down. Geoff
Steward has remained as a Iruslee, ensuring conlinuity in oversight and governance. Tonic
Music thanks the departing trustees for their service to the charty over the years. Their
support and hard work have been much appreciated and played a vf(al role in the charity's
success.
Annual Report of Ihs Tru*t8
FInartI￿ Statements
furlhe Year Ended 30 June 2024

Trustee name
Date of
appointment
End of terni
of offi¢0
Reslgned
Tenn of
office
Abigail Charlotte
Emilia Amey
4 February 2019
4 February 2025
1 May 2024
Fifth
Victorla Ann
Barwood
4 February 2019
4 February 2025
1 September 2024
Fifth
Stephen Matthew
Curtis (Chair)
8 November 2020
8 November 2026
27 August 2024
Four
Geoff Steward
18 July 2022
18 Juty 2025
NA
Third
Gloria Lynette Miller
19 October 2022
19 October 2025
15 October 2024
Second
Geoff Terence.
Priestley
21 Nov 2022
21 November 2025
25 June 2024
Second
Matthew Leonard
.Shires
14 January 2023
14 January 2025
11 December 2024
First
Carla Ma￿a Slevin
8 February 2024
8 February 2027
6 Juty 2024
First
Richard Thomas
Walters
11 September
2024
11 September
2027
NA
First
Davld Mark
Dearman
15 October 2024
15 October 2027
First
Guy Morpuss
(Chair)
13 November
2024
13 November
2027
NA
First
Julie Louise Davies
5 January 2025
5 January 2028
NA
First
Exemptlons from Disclosure
NIA
Funds held as custodian trustee on behalf of others
NIA
Annu￿ Rewt ofthe Twstee9
Ind FInanCb￿ Statement4
lor ihe Year Ended 30 )￿*2024
TWIC

8trnctuTh (lovernance and Alanagenent
The Charity is controlled by its Goveming Document, its Memorandum and Articles of
Association, being a company limited by guarantee, as defined by th8 Companies Act 2006.
Name
The name of the company is Tonic Music for Mentsl Health Ltd (the Charity)-
Reglstorod Company Number
08093898 (England and Wales)
Reglstered Charlty Number
1189913
Reglstered Offl¢e
Morris Crocker, North Street, Havant, P09 IQU
Accountants
Morris Crocker, North Street, Havant, P09 IQU
Administration Infomiation
Tonic Music for Mental Health 1> a company limited by guarantee, as well as a registered
charity. The organigation was Created in 2012 and the charity was created on 12 June 2020.
The written constitution and goveming document is the Memorandum and Articles of
Association, which were created in 2020 when the organisation formed as a charity.
Annual Reportof IhaTrustee¥
d Nn8nrA81 Stotemanl¥
forthoYo8rEnded 30 June 2024

Recrultment and Appokntment of
Periodically the Trustee Board will complete a skills audlt to identfy any gaps when
appointing new trustees. Prospective trustees are interviewed by the Chair and the Chief
Executive and if there is agreement to proceed, they are invited to attend a meetlng of the
Trustee Board, sign a written consent to become a trustee and formally appointed as
trustees. On appointment as trustee, the trustee shall automatically becotne a director of the
charity.
AdvJ20ry Board
Dr Adam Ficek is a UKCP accredited cllnlcal psychotherapist and MBACP counsellor
qualified in EMDR and sensorfmotor psychotherapy. He has been involved in the music
industy for 25 years as a performing artist and DJ, touring extensively at top level (EMI I
Parlophone l Rough Trade) as a solo artist. band member and DJ. Adam's role at Tonic
Music is lo consult the Tonic Rider Programme and form relationships with music industry
and mental health stakeholders.
Dr John Barnes is consultant psychiatrist in rehabilitation with Somerset Partnership NHS
Trust, working across community and hospital settings. He has been a consultant to Ash
ward low secure rehabilitalion service in Bridgewater since 2011. John's role al Tonic Music
is to advise on the Never Mind the Stigma Programme and aspects of mental health on a
¢lini¢al level.
Dr Zarah Vemham is a senior lecturer in psychology at the University of Portsmouth. She is
an experienced researcher conducting peer-reviewed empirical research for both
practitioners and academics. Zarah's role at Tonic Music is to advise and work as part of the
research team conducting studies around mental health in the music industy.
Abigail Amey has a PhD in biochemislry and spent several years working in science
publishing a8 an edttor and a writer. She Y￿5 previously a Trustee at Tonic Music and now
has a role as an advisor for research and publishin9.
Adam Churchward is a registered mental health nurse. He has worked across many fields
within mental health over the past 25 years, currently specialising in working with people who
have a personalty disorder and forensic history. Adam's role at Tonic Music is to advise on
aspects of mentsl health on a clinical level in triage and safeguarding meetings.
Annuèl Reporioftho TNstee¥
ond Fina￿41 siatemant¥
for the Year Ended 30 June 2024
TOXIC

Patron8 & Amba38adorB
We are honoured to have Barry Ashworth (Dub Pistols) and Kevin Cummins {Musi¢
Photographer) as our patrons,. Biff Mitchell {Festival Organiser). Amy Bee Sting (On My God!
It's The Church), Denise Black (Actress), Eddie Piller (Acid Jazz), Seanie Tee (Dub Pistols),
Gary Crowley IBBC6 Music Broadcaster) Jeff Horton (100 Club), Lynval Golding (The
Specials), Millie Manders (Millie Manders and the Shutupl, and Morgan Howell
(SuperSizeArt) as our ambassadors.
FOUNDING PATRON
OUR PATRONS
Terry Hall
eanyAshwonh
Kevln Ojmrnlns
OUR AMBASSADORS
SeanlfrT
Blff Mll¢heH
Mlllle Mandws
Lynval GoldFng
Sp￿*1$
Affly Bee SttrvJ
Aloryan Howell
Edd￿ ￿11
AthdJ
Gory Crowley
Derfse blad(
Annuol Rewtofth8 Trustees
d Financi￿ Ststemnts
forlhe Year Ended 30 June 2024

Admlntstratlon Infornatlon
The day-tcpday management of the organisation is delegated to the Chief Executive, Steph
Langan. The core employed team is made up of..
Chief Executive Officer {
Programmes Lead {FT)
Menlal Health Lead (Fr)
Finance Lead (PT)
Admill Lead (PT)
Design Lead (T)
Logistics Lead {FT)
Paralegal IPTI
Fundraising & Events Coordinator (FT)
Event Coordinator (FT)
The core team is supported by self-employed professional facilitators.
The total salaries 9f the core employed staff was £303,332 (including employer Nl and
pension costs) and self*m ￿0Yed staff was £61,756. No staff salaries exceeded £60,000.
We have 10 regular volunteers who provide ongoing and substantial voluntary work for Tonlc
Music for Mental Heafth throughout the year.
The following provided setvices to the charilable company during 202&24'.
Accountants
Morris Crocker, North Street. Havant, P09 IQU.
Bankers
HSBC. 312 London Road. Waterfooville, Hampshire, P07 7DX
Annual Report•l TnJsts89
d Firond81 SI8tOrnODt$
forthè Yaar End￿ ao Jun8 2024
TWIC

What We Do
Tonic Music for Mental Health
We establish good mental health within music communities.
This is achieved by providing four levels of montal health support.. therapèutic sessions, peer
groups, preventative workshops and training courses.
Tonic Rider
Our Tonic Rider.programme provides tailored mentsl health supporl lo people who
professionally engage in music, including working musicians, crew, agents I managers,
festival I venue staff and other industry personnel.
Never Mind The Stigma
Our Never Mind The Stigma.programme provides tailored mental health support to people
who re¢realionally engage in music, including gig I festival goers, record ¢olle¢tors and
hobbyist musicians.
Loc81 Projects
Vve provided one-off programmes of mental health support to conclude our work in
Portsmouth and wider Hampshire area, consisting of the following projects: Local
Independent Retailers, Wellbeing Days and Portsmouth Wellbeit)g Sessions.
Gommissioning
We provide online and in-person courses and workshops to music-related organisations,
including set and bespoke packages.
Events
We raise awareness around mental health at gigs, festivals and other music events across
the UK, including stands andlor lounges, both front-of-house and backstage.
Fundr￿sIng
We host mukiple in-house fundraisers and continue to diversify our fundraising strategies. by
incorporating online campaigns, merchandise sales and grant applications, to achieve a total
revenue increase of 50 /0 by the end of 2024.
AnTh￿ Roportott￿* ￿$t898
8rd ￿nandal Sl8ternonlg
frNth6 Yaar Ended 30 ju￿ 2024

io
Tonic Music for Mental Heatth is overseen by a Twstee Board that convenes six times
annually, wtth Sub-committees assigned specific areas of authority.
The Trustees are also Directors of the company. The Trustees l Directors are ultimately
responsible for all the operational developments and activities of the organisation. They have
particular responsibility for setting the strategic direction, and agreeing and monitoring the
impad of policies and practice. There are systems for Trustee appraisal and there are link
Trustees in place for each service area. Terms of Reference for the Board and each
Sub-committee are reviewed annually. The responsibilities of staff for day-to-day operations
are set out in Tonic Music for Mental Health's Acting in Absence Procedures.
The Trustees l Directors will allocate at least one day a year for their own training and
development Trustees will also take the opportunity to undertake other relevant conferences,
training and networking events, reporting back learning gained lo the Board as a whole.
Tonic Music for Mental Health is committed to being a diverse and inclusive charity. We
believe Ihal a diverse board can make better decisions, improve the quality of governance
and increase public trust. Board membership includes a range of ages, lived experience of
mentsl health issues and diverse backgrounds. We strive to represent, as a board. the
communities we are here to serve.
New trustees will undergo an inductlon that Involves visiting projects to meet with staff and
participants and learn about the work of Tonic Music for Mental Health. Trustees will
participate fully in staff induction days. A trustee handbook covering the role and
responsibilities of trustees including key organisational do¢uments wch as risk management,
safeguarding. health and safety and fundraising policies is provided to each new trustee. This
handbook is also available on a shared trustee drive. This handbook will be updated
annually. Trustees sign a Code of Conduct on joining the board.
An￿￿￿ Reporioftha Tntste89
d Finanrjal Slaternènts
forth8 Year Ended 30 June 2024

MIB8long ljharltable ObJeots,
Vl8long V81ue8 and ActlvltleB
Mission
Our mission is to establish good mental heahh within music communities.
Our Vision
We strive for an inclusive world where those experiencing poor mental heafth have the hope,
support and respect they deserve.
Our V81ues
Participation
We believe that participation in music and the arts can promote and sustain good metttal
health.
Recovery
We ch4rnpion a recovery-based approach for those experiendng poor mental health.
Empowemienl
We believe in empowering peoiile to create healthy environments that promote good mental
health.
Inclusivlty
We advocate discussion, education and inclusion as a means to reducing stigma and
breaking down barriers.
AJmu81 RepDrtof Ih2Trustee3
•nd Finanty81 Slatsm￿t$
furt￿ye&rEndad 30 Juno2024

12
8lgnJAcant Acttrttle8
We are a provider of mental health services. and during 2023-2024 pmvided support across
the following activtties.
Actlvlty
Main Features
Peer Support
Groups
Tonic Music provided weekly 90-minute groups across six weeks
offering a supportive space for Tonic Rider participants to share
their experiences with other music professionals (in partnership
with Music Minds Matter) - including 7 open groups and single
group5 exclusively for women. people living Wtth ADHD, long-term
beneficiaries of Help Musicians, young classical artists (with
Young Classical Artists Trust), producers l Gomposers of applied
music {with PRS Members, Fund) and grassroot music venue
personnel (with Music Venue Trust).
Dropln Group
Tonic Music provided a weekly 90-minute group offering a
supportive space for previous Tonic Rider peer support group
participants to share their experiences with other music
professionals (in partnershlp wlth Music Minds Matter).
Ment41 Health First
Aid
Tonic Music provided a Iwo-day course training Tonic Rider
participants how lo identify, understand and help someone who
may be experiencing a mental health issue (MHFA England
accredited).
Suicide First Aid
Lite
Tonic Music provided a half-day course training Tonic Rider
participants in the theory and practice of suicide intervention skills
(Suicide First Aid UK accredited).
Mental Health
Awareness in the
Music Industry
Tonic Music provided a slx-hour course trainlng Tonic Rider
participants to gain an awareness of the major issues unique to
the music industry and how they affeot mental health (CPD
accredited).
l-t￿1
Psychothèrapy
Sessions
Toni¢ Music provided Tonic Rider participants 1-to-1
psychotherapy sessions with a UKCP registered psychotherapist -
including six-w88k, 12￿ek and longer-term periods.
1-tO-1 Gounselling
Sessions
Tonic Music provided Tonic Rider participants 1-tcp1 counselling
sessions wth a MBACP registered humanistic counsellor-
including 5ix-we8k, 12-week and longer-temi periods.
1-to-1 Support
Sessions
Tonic Music provided Tonic Rider parbcipants 1-tIF1 support
sessions- including single and six-week periods.
nual RSF￿ of IheTrustees
8nd Finanty* Statements
foriheYgarEndod 30 June2024
TOXIC

Tonic Talk
Toni¢ Music provided talks on menlal heatth in music for different
organisations and events- including online and in-person
sessions.
Media Interviews
Tonic Music provided media interviews to raise awareness of
mental health in music - including radio, podcasts and print.
Local Independent
Retsilers
Tonic Music provided Mental Health First Aid training courses and
a follow-up peer support group for staff at local independent
retailers based in Portsmouth.
Wellbeing Days
Tonic Music provided a series of inyrson musi¢-fo¢used
wellbeing days for people living in Portsmouth.
Portsmuth
Wellbeing Sessions
Tonlc Music provided a series of online wellbeing sessions for
people living in Portsmouth.
Tonic Music Stands
Tonic Music provided stands at gigs across the UK to raise
awareness of mental health.
Tonic Music
Lounges
Tonic Music provided lounges at festivals across the UK, both
front-of-house and backstage, to offer mentsl health support.
Volunleering
Opportunities
Tonic Muslc provided a range of volunteerlng opportunltles at glgs.
festwals and other music events across the UK.
In-House
Fundraising Events
Tonic Music hosted an annual fvndraiser, Barry's Flying Circus,
which involved a Wing Walk with fundraisers guided by our patro
Barry Ashworth.
Mental Health
Zines
Tonic Music produced zines covering different mental health
topics, which are bespoke to working in the music industry -
including.. stress, anxiety, depression, substance use and suicide
prevention.
Tonic Rider Box
Tonic Music produced boxe5 featuring tailored mentsl health zines
and information about the Tonic Rider programme, which were
distributed at various music events.
Annuol Report olthÈ TTusteès
and FbianriHI Statern*is
lorthoyegr Ended 30 Jurte 2024
TWIC

14
(Irants
Tonic Music has been fortunate to secure substantial support exceeding £270,000 from
multiple organisations through grants.
The Year In Numbers
Tonic Music supporters raised £53,966 Ihrough donations in memory of loved ones,
sales and challenges, and online raffles.
A total of 654 participants registered to attend one or more of our programmes.
A tolal of 167 screenings were conducted with participants on the programmes.
We provided 13 six-week Peer Support Groups - allocating 156 spaces.
We provided 44 Dropln Group sesslons- allocating 32 spaces.
We provided 3 Mental Heatth First Aid courses - allocating 48 spaces.
We provlded 4 Suiclde First Ald Lite courses- allocatiro 40 spaees.
We provided 2 Mentsl Heallh Awareness in the Music Industry ¢ourses- allocating 40
spaces.
W6 provided 66 1-to-1 psychotherapy, ¢ounselling and support ses6ion$.
We provided 11 Tonic Talk sessions.
The Never Mind the Stigma andlor Tonic Rider stands were present at 101 events.
We had 967 individuals subscribing to the Tonic Musi¢ newsletter over this period.
. Our social media following increased to 19,789 people collectively on Facebook,
Instagram, Linkedln, and X.
Ann￿ Report DfI￿TruSt￿5
FiThanaal StAtement¥
forthoY8ar Ended 30 j￿￿2024
TWIC

Monltorlng Our Performance
Trustees monltor thè performancé of our mental health programme5. Our Programmes Lead
has started an evaluation of our work across both programmes to measure its impact working
alongside the Tonic Music team and trustees.
Each programme ¢aptures detailed data on progress and satisfaction. In terms of a high level
summary of satisfaclion, the following percenta9es represent how many participants were
'Completely' or 'Very' Satisfied with the following areas=:
Completely/Very Satisfiedwith
Tonic Music services by area
91116
83q6
87%
Knowledge
.galned
Support
¢)ffered
Facllltator Accessbtlty of Reknianceto .
Style
sesslons
self
knnU￿ Report Of1￿ TtU81e
•nd Finanual Stthmenl¥
forlh•Y88r Ended 30 ju￿ 2024
TWIC

16
Completelylvery Satisfied with
Tonic Music services overall
82%
Would reccomend Tonic Music
services to others
98qt
AMu81 Rewt olthe TN5t¢¢¥
ond Ststefflenls
forlhoY¢ar End￿ 30 June 2024

17
We capture what people tell ug
about our programme8
Adam Rlch
Freolance Drummer and Drum Tutor
l first started using the peer support group for music industry professionals
offered by Tonic Rider just over a year ago and currendy still participate
regularty in the weekly drop in group.
I've found these to be invaluable and instrumental in my recovery from poor
mental health. One of the greatest things about these groups is the fact that I'm
connecting wtth other like minded people in the same industry as me who can
relate, firsl hand, lo what I have experienced as our lifestyles are very similar.
There is a strong feeling of belonging within these gTOUPS and as they ar8 a
saf8 SPXO, th8 topics discussed ar8 a￿ayS welcomed.
l also subscribe lo the we8kly newsleiter for regular upclates and the websit8
has been amazing for all sorts of things from coping slrategi8s to courses
available.
I can't rale Tonic Music highly enough and look forward to Wednesday
aftgrnoons so much as I know I can conn8cI with and off8r and r8CeiV8 SUPPOrt
from the other group members and th8 facilitators who, by the way, are
awesomel
Ka8la Kuchnlcka
Contact Cgntre Managgr {Rots and Resources)
Royal Albart Hall
Peer Support groups provided by Tonic Rider have changed my lifél
When l initially joined the group, I was at a very low point and struggling wilh,my
mentsl heafih. The groups provided the essential support and connedion with
other people from the music industry.
There is an amazing power in open and honest sharing. We heal together by
being vulnerable wilh each other. No pretending, no jud9menls, and a feeling of
safety.
The Peer Support Groups have created a communty that l can lean on when
limes get tough but also alSow me lo celebrate oven the Smallest of wns wrth
other5.
I feel inspired and èn8igised after EVERY conversationl
Reporttsftr% Trustaes
and Finanaal Statement¥
fryth• Yoar Ènded 30 Jwe 2024
TOXIC

GIu8eppe Morena
Electronic Music Producer. R8mix•r, DJ
AS an eledronic music producer and DJ, my journey with ment81 heatth has
been full of ups and downs. I've often found myseKlacing stress. burnoul, and a
sense of isolation. both personally and within the music industry. However,
discovering Tonic Music has been a luming point in my lrfe.
Through their incredible support and music4Jased programs, I'v8 b88n able lo
channel my emotions into my music in a way that has not only h8lp8d m8
crealivety but also menlalfy. The connection wfth others who share similar
experiences has made me feel less alone in my struggles. Tonic IAusic has
provid￿ a safe, open environment where I can express mys8W without
judgment and find healin9 through music.
The workshops and oneaon-one support have taught me valuable tools for
managing my mental health, and the sense of community has been a major
source of strength. Tonic Trjlusic has not only helped me grow as an artist but
also as a person, allowing me to navigate the pressures of being a musician
and DJ with a healthier mindset.
Thanks to Tonic Music, I feel more balanced, more inspired, and mor6
connected lo both my music ahd my well-being. Their work has be&n
transformative, and I'm beyond grateful for their support in both my p8rsonal
and professional life.
Helen Hammill
Cattle & Cane
Joining Tonic Music's Drop-in Group was a real game-changeT for me, Being
surrounded by like-rninded mu5ician5 who truly understood the ups and downs
of both the industry and melltal heslth made all Ihe difference lo me.
.Tonic Music gave me a safe space lo share, leaTn, and feel supportecl by peoplè
who were in the same boat as me. Having that sense of community and
und8rstanding has been so valuabl8 in my journey.
I'm so grateful for the encouragement and connections I found through Tonic
Music.
AMu81 Report TNgto9s
and F￿sn(JaI Slolements
forlheY8ar Ended 30 June 2024

Looking to the future of Tonic Music for Mental Heatth, going forward the Charity will focus on
providing mental health support nationally, via the Tonic Rider and Never Mind The Stigma
pro9rammes (both facilitated online). This means we will no longer be providing local
Se￿ICeS in Portsmouth and th8 surrounding area.
Development
Over the past year, Tonic Music has continued to grow as a national charity with the
expansion of programmes and forging of new partnerships. A key factor in this development
has been the grant funding received for the Tonic Rider programme, which has enabled Tonic
Music to make a greater posttive impact on music communities. Alongside this, the outreach
of Tonic Music has grown significantly, most notably due to the forging of new partnerships
with artists (and their management), promoters, venues, festivals and other music events
across the UK.
The main point of development is establishing national mental health programmes, Tonlc
Rlder- for the music industry- and Never Mlnd The Stlgma- for musicfans. Accordingly,
Tonlc Music is now the only known charity providing tailored mental health support to bolh
the music industry and music fans. Despite the expansion of Tonic Mijsic, the charity wll
continue to provide all mental health seNices in-house, never through tendering, and are
proud to not implement an income-criteria for people working in the music industry.
We would like to thank all our funders and fundraisers for their continued support of Tonic
Music. In particular, a special mention goes to The Christopher Meredilh Foundation, who
provide essential funding for Tonic Rider and the forthcoming Tonic Futures programme.
An￿￿￿ Reporigllhe Tcust
8nd ￿nanCIal St8temonts
fortha Y88rEnded 30 Jun82024

20
DER
Tonlc Rlder
Through the Tonic Rider programme, we will continue to provlde mental health support
tailored for people who work in music.This includes expanding the peer groups and training
courses provided on the programme. along with the number of 1-to-I psychotherapy and
counselling sessions.
Funding will also be soughl to provlde a s6rles of preventative workshops. Including Music
Performance, Substance Use Awareness and Emotional Resilience. Additional bespoke
r8sources for people working in music will continue to be created, such as increasing the
range of mental h8alth zines and posters available on our website.
Tonic Rider is also expanding it5 reach by wllaborating with a range of music organisations
and events. to provide exclusive mental health support to meet the needs of people within
th8se communities.
Alongside the Tonic Rider programme, we will be launching Toni¢ Futures, a programme of
mental health support for 18 to 25 year olds working in music. This will be aided by working
in partnership with three music colleges andlor youth projects, who can apply this package of
seNices.
In the spirit of progress and transformation, we are poised to expand our event caléndar with
gigs, festivals and other music evènts, along with conferences and networking fairs.
Annual Reportof theTru¥te85
and Fina￿81 Sl8t8m8nl$
forthB Y8arEnded 30 JUM 2024
TWIC

IllllTMIMd
NQVEr
ThE
STIGMa
IIIRE'S TOX
Never Mlnd The Stlgma
Our Never Mind the Stigma programme has redirected its focus from providing in-person
music workshops localty, to an online programme of mental health support for music fans.
Funding will be sought to provide online Album Clubs and Record Refiection groups, offering
music fans tailored mental health support without the requirement to play music or sing.
These groups will offer music fans a space to talk about the benefrts of listening to music on
their mental health, facilitated by a mental health professional.
In addition, funding wll also be sought to provide a series of online preventative workshops
equipping participants with skills around mental health and hobbyisl music activities. This
includes workshops on Gig An￿ety, Festival Survival and Music for Mèntal Health.
It is hoped by running mental health programmes nationally, one for the music industry
and another for music fans, this will streamline our work as a national charity. Alongside this,
these developments will bring the two programmes closer together, as part of new focus on
establishing good mentsl health within music communities- as the onty known charity
providing tailored mental health support to those professionally and recreationally engaging
in music.
ThL￿ Report ofthe Tru8tees
and Finand81 Ststern8nts
trthe Year End•J 30 June 2024
TOXIC

22
8unmary of Tradsng Perforjnance
and ljoaJ]g Ooncern
During the year the Charity had total income and endowmenls from donations, legacies and
other trading a¢tivtties of £462,884 (2023.. £396,489), an increase of 16.7 /0, of which
£197,418 (2023.. £183,759) was unrestricted income and £265,46612023.' £212,730) was
restricted income. After expendtture on raising funds and charttable activities the charity had
net expenditure of £66,658 from unrestricted funds and net income of £63,969 from restricted
funds giving tot21 net expenditure for the year of £2,689 (2023.. net income of £111,702).
Total unrestricted )lJnds brought foTward as at 1 July 2023 were -£4,386. Total unrestricted
fvnds carried forward as at 30 June 2024 were therefore -£71,044.
Total restricted funds brought foTward as at 1 July 2023 were £162,254. Totsl restricted fvnds
carried forward as at 30 June 2024 were therefore £226,223.
Totsl funds Irestrlcted and unrestrlcted) brought foNard as at 1 July 2023 were £157,868.
Total funds carrled fotward as at 30 June 2024 wer8 therefore £155.179.
The charity had a challenging year in which expenditure on additional fundraising staff did not
lead to an anticipated increase in unrestricted income. Since the end of the.financial year
changes have been made to the staffing team and the approach to fundraising, trading and
commissioning services leading to an increase in revenue generated from commissioning
and at events supported by the charity.
As a result the financial performance of the charity in the year ending 30 June 2025 is
anticipated to improve significantly. Based on the actual trading performance of the charity for
the eight months ended 28 February 2025 and the budget for the remaining four months of
the financial year unrestricted income in the year ending 30 June 2025 is budgeted to
increase by approximately £102,000, a 52 % increase, and the 202412025 finanoial year is
predicted to end with a surplus in excess of £70,000.
In addition. repayment of a loan of £33,764 from a member of the key management
personnel is not being sought until the charity has sufficient unrestrtcted funds to do so.
While the charity had negative unrestricted funds at the year-end of 30 June 2024 therefore,
the Trustees consider that it is appropriate to prepare the finzn¢ial statemenls on a going
concern basis.
knnual Report oflho Trustse#
Ind FinanLaal Sl8tem8Th18
frjrthe Year Ended 30 Juno 2024

Re8erveB Poucy
To manage tha fifiandal Impact ofTiSk and fulfil our flsk management obligations the chariV$
Reserves Pollry is to alm to hold at a mlnimum unrestrlded funds equlvalent lo Ihree monlhs
(apPr0￿m8teIY £90,000) and at a maxlmwn ewlvdlenl to slx months (approximalety
£180.000) of operaling runnlng cosis.
Glven Ihe negative unrestricted funds balance as at 30 June 2024 the charity had not
athleved the minimum targel reserve at the year-end. Howeverglven the actlons taken
since the yeaf end oullined above, ffte Improved finandal pèrfomwnce and IncTease In
unreslrfcted Income. ¥ve 8ntiiwate Ihat the reserves wlll be dose to the mlnimum reseNes
target by the yearthend 30 June 2025 (in èxcèss 01£70.000. a$ set oul abt)ve): and thal th&
tsrgel wlll be met In the earfy part of the year endlng 30 June 2026 {Ihe current budget
anticipates an unreslricled balance In excess of £100,000 by 31 August 2025, inlxeasing to
in excess of £160,000 by the year*nd).
Publlc beneAt
The Iiustees c{￿firM that thtsy have referred to the guidance o)ntslned In the Charity
Commlsslon's general guidance on publlc benefft vthen revlewlny the aims and
objectives and In plannlng future adivltles. In thls report. the tnjslees refer to the charfvs
purposes, what il has done to carry oirt those purposes. and Ihe publEc benefit that it has
swghl to provlde.
Signed:
y Morpuss, Chair of Trustees
Dats:
Z7.oS. aoZ<
AJb¥J•l R*portDfth• Twst•es
fwth•Y•wEr4•d >J &m•2024
TQXIC

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
TONIC MUSIC FOR MENTAL HEALTH LTD
Independent examlner's report to the trustgeg of Tonlc Musl¢ for Mgntal Hgalth Ltd {Ihg Company.)
report to the charty trustees on my examination of th8 accoun￿ of the Company for th8 year ended
30 June 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its dlrectors for the purposes of company lawl you are
responsible for the preparation of the a¢coLtnts in acwrdance with the requirements of the Companies Aet
2006 Ilhe 2006 Act,).
Having Satisfied myself that Ihe accounts of the Company are not roquired to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your charitls
accounts as carried out under Section 145 of the Charities Act 2011 I'the 2011 Act'l. In cairying OLrt my
examination I have followed the DirectiC)ns gNen by thè Charity Commission under Section 145(5} (b) ofthe
2011 Act.
Independent examinorfs statoment- matters of concgrn Idontmgd
Since your charivs gross income exceeded £250,000 your examiner musl be a member of a listed body. I
can confirrn that l am qualified lo undertake the examination because l am a member of the Institute of
Chartered Accountants in England and Wales, whlch is one of the Ilsted bC￿leS.
I have coMplet8d my 8xamination.
Given the neg8tive unreslrict8d funds of th8 charity al th8 year end a detailed review of the going concern
Status of the charity has been undertaken by the Iruslees of which a brief narrative is included within the
accounting policies.
I confirm that no matters have come lo my attention in connection w(th the examination giwng me reasonable
cause lo believe that in any material respect..
accounting records wern not kept in respect of the Company as required by Section 386 of the 2008
Act., 01
the accounts do not accord with those records,. or
the accounts do not comply wth the accounting ￿qUirementS of Section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as
part of an independent examinalbgn., and
the accounts have not been prepared in accordanc8 with th8 methods and principles of the Statement
of Recommended Practi¢& for accounting and reporting by charities (applicable to charities preparing
Ih8ir actounts in accordance with the Financial Reporting Stsndard applicable wi the UK and Republi
of Ireland (FRS 10211.
I confimi that there are no other matters lo which your attention should be drawn lo anable a proper
understanding of tha accounts lo be r8ached.
S F Ma¢kie FCA
Morris Crocker
Chartered Accountants
Sl*ion Hous&
North Street
Havanl
Hampshire
P091QU
2810312025
Page 24

TONIC MUSIC FOR MENTAL HEALTH LTD
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 30 JUNE 2024
2024
Total
funds
2023
Total
fU￿S
Unreslricted R8stricled
fund
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
129,023
265,466
394,489
373,892
Other tradSng activities
68,395
68,395
22,597
Total
197.418
265.466
462,884
396,489
EXPENDITURE ON
Raising funds
32,048
27,981
60,029
29,117
Charitable activiknes
Charitable activities
232 028
173,516
405,544
255,670
Total
201,497
465,573
284,787
NET INCOMEIIEXPENDITURE)
{66.658}
63,969
{2.689}
111.702
RECONCILIATION OF FUNDS
Total funds brought forward
(4,3861
162,254
157.868
46.166
TOTAL FUNDS CARRIED FORWARD
226,223
155,179
157,868
The notes form part of these financial statements
Page 25

TONIC MUSIC FOR MENTAL HEALTH LTD
BALANCE SHEET
30 JUNE 2024
21Y24
2023
Jlés
FIXED ASSETS
Tangib￿ asset$
11
1,777
CURRENT ASSETS
Stocks
Debto
Cash al bank and in hand
12
13
32.492
29,000
234.886
174,840
CRED￿oRs
Afrmnts lalllng due whhin one year
14
(81.484)
(20.874}
NEf CURRENT ASSETS
TOYALASSEfs LESS CURRENT
LIAalUTIES
155.179
157.￿8
NET ASSETS
157.868
FUNDS
Unrestricted fvr#Js
Restricted funds
16
(71.044}
226,223
(4.386)
TOTAL FUNDS
157.868
The charhable company is gnbtW to exgmption from under S￿tiOn 477 ofthe Companies Act20Cfj for
the year ended 30 June 2024.
The membws have not required the company to obtain an audit of its finan¢i81 statements lorthe year ended
30 June 2tr24 in accordance with Section 476 of the Companies Aci 2(#]6.
The trustee8 acknuwledge the￿ resp￿sibilitYa5 for
(a) e￿Uring that the ¢harilable ¢L¥npany keeps accounting record5 that cfxnpty with Section5 386 and
387 of the Comp8nio8 Ad 2005 grKr
(b) preporirvJ fironcial statements whi¢h gwe a true and fair of the stato of affaits of the charitab
company as at the end of each financial yoar and of its surplu5 or ￿er￿rt for ea¢h finanual year In
a￿ldance wilh the re9uiremen18 of Sectlons 394 and 395 and whieh otherwise ￿MplY wth the
requiremènis of th¢ Companies Aet 2006 relating to finan¢L818talemenl8. so far as applicablo to the
choritable ￿rnpany.
These f￿ancIal statements have been prepared In acc￿d￿ wilh Iha provi8bns appli¢ablo lo charitabl
companie$ suWe# to the small ccffjpanks reglma,
were apwovod by the Board of Trusleos and authoTis¢d for Issue on
ond wer& $bned on Ily behaw by.,
The financi81 statem
z?.-..s>>...2f....
Tho note$ fom part of Ihe80 flnan¢lal stalements
PgJo 26

TONIC MUSIC FOR MENTAL HEALTH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
ACCOUNTING POLICIES
Basis of preparing the financial staternants
The finanGial slalernents of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordance With the Charilies SORP IFRS 1021 'Accounting and Reporting by
Charities.. Statement of Recomrnended Practi￿ applicable to charities preparing their accounts in
accordance with the Financial Reporting Slandard applicabl@ in the UK 2nd Republic of Ireland IFRS
1021 (effective 1 January 20191,, Financial Rep(Kting Stsndard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial slatemenls
have been prepared under the historical cost convention.
While the chartty had negative unrestricted funds at ihe year end, the Trustees consider that il is
appropriate to prepare the financial slalements on a going Goncern basis. The going ¢oncem
assumption is based on the actual trading performance of the charity for the 8ight months 8nded 28
FebrLJary 2025 and the budget for the remaining four months of the financial year. Unrestricted
income in the year ending 30 June 2025 is budgeted to lA￿aSe by approximatgly £102,000, a 52%
increase, as 8 resuft of changes within the staffing team and the approach to fundraising, trading arKI
commissioning services. Consequently, this has led to an in¢r8as& in revenue generated from
commissioning and al events supported by the charity. The 202412025 finanaal year is predi¢ted to
end with a surplus.
In addrtion, repayment of a loan of £33,764 from a member of the key
management personnel is not being sought until the charity has sufficient unrestricted funds to do so.
As a result of all the abov8 the Trustees consider the going concem basis is appropriate.
Incomo
All income is recognised in the Statement of Financial ActNities once the charity has entitlement lo the
funds, il is probable that the income will be received and the amount can be moasured reliably.
Expendlturo
Liabilities are rocognistrd as expenditure as soon as there is a legal or constructive obligation
committing the charity lo that expenditure, it is prab8bl8 that a transfer of ecA)nomic benefits will be
required in settlement and the amount of the obligation can be mgasured r81iably. Expenditure is
accounted for on an accruals basis and has been dassifi8d undoi headings that aggregate all cost
related to the calegory. Where costs ¢annot be directly attribut￿ lo particular headings they hav8
been allocated to 8Ctivities on a basis consistènt with the use of resources.
Tangible ftx8d 8ss8t$
Tgngible fixed assets ar& dgpreciated over their estimated useful livgs as follows..
Fumilure
Computer
1 straight line
33% straight line
Stocks
stocks are valued al the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.
Taxatlon
The charity is exempt from corporation tax on ils charitsble 8¢tivitias.
Fund accounting
Unrestrict8d funds c8n be used in accoréanc8 with the tharitable oLyectives at the discretion of the
Iruslees.
Restricted ful￿$ can only be used for partI￿lar restrcled purposes within the objects of the charity.
Restrictiorts aris6 wh8n specified by th8 donor or when funds are raised for parlicular restricted
purposes.
Page 27
continued...

TONIC MUSIC FOR MENTAL H&4LTH LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
ACCOUNTING POLICIES - continuèd
Fund accounting
Further explanation of the natur8 and purpose of each fund is included in the notes to the financial
statements.
Penslon costs and other post-retireTnent benèfits
The charitable Company op8r8tes 8 defined Contribution pension sch8m8. Contributions payablè to
the charf(able company's pension scherlle aro charged lo the Statement of Financial Activities in the
period to which they relate.
Flnancial instruments
The charity only enlerE inlu basiG finanGial instrurnents transactions that result in the recognition of
fin8ncial assets and liabilities like trade 8nd other 8ccounts receivable and payabl8 and investments in
stocks al￿ shares. The measurement basis used for these instrurnenls is d8tailed below.
Dgbtors and cash at bank
Tr8de and other debtors are recognised at the settlement amount du8 after any trade discount
offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. Cash at bank
and in hand induded cash held on deposlt or In a current 8ccounl.
Craditors and provisions
Creditors and provisions are recognised where the charity has a present obligation reSU￿ng from a
past èvènt that will probably rèsult in th8 transf8r of funds to a third party and the amount due to settle
the obligation can be measured or estimated reliably. Creditors and provisions are normally
recognised al their settlement amount after allowing for any trade discounts dug.
DONATIONS AND LEGACIES
2024
2023
tlonations
Grants
64.772
329.717
112.214
261,678
394,489
373,892
OTHER TrADING ACTIVITIES
2024
2023
Fundraising events
M8rchandis8 salés
other incorne
24.600
30.704
13.091
21,862
735
68.395
Page 28
continued...

TONIC MUSIC FOR MENTAL HEALTH LTD
NOTES TO THE FINANCIAL STATEMENTS - continuad
FOR THE YEAR ENDED 30 JUNE 2024
RAISING FUNDS
other trading activltlos
2024
2023
openi[￿ stock
Purchases
Closing stock
Event acts ane bands
Paypal fees
Interest payable and similar charges
1.302
61,305
(32.4921
29,256
492
7,751
10.768
(1,3021
10,655
1245
29,117
CHARITABLE ACTIVITIES COSTS
Support
costs {see
note 61
Direct
Costs
Totals
Charitable act6vlUes
391,290
14,254
405.544
SUPPORT COSTS
Gov8manc&
costs
Finance
Totals
Charitsble activitivs
66
14.188
14.254
Supp)rt costs, included in the abova, are as follows=
Finance
2024
Charitable
activities
2023
Total
activtties
Bank Charges
66
Govornancg costs
2024
Charitable
activities
2023
Totsl
activities
Accountancy fees
Independent examinalSon fees
Legal and prolessional fees
4,460
1,248
8,480
3,713
1,194
6,380
14,188
11,287
Page 29
conlillued...

TONIC fvIUSIC FOR MENTAL HEALTH LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
NET INCOMEI{EXPENDITUREI
Net Inwmellexpendf(urel is staled after chargingl{credilingl'.
2024
2023
Depre¢ialK)n - owned assets
DeficAt on disposal of fixed assets
2.125
4,906
21,415
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, rgmuneration or other benefits for the year ended 30 June 2024 nor for the
year ended 30 June 2023.
Trustees. gxpgnses
During the year no trustee12023.' none) ware reimbursad oul of pock8t 8xp&ns&s lotalling £nil12023:
STAFF COSTS
2024
2023
Wages and salaries
Social security costs
Other pension costs
327,356
21.558
8,772
171,603
7,626
357,686
185,636
The key management personnel of the Charity comprise of the Chief Executive Offic8r. Th8 total
employee benefits ofthe key management personnel of the Charity were £54.77212023.. £45,453).
The average monthly number of employees éuring the year was as follows:
2024
2023
Charitable staff
No employee received emoluments in excess of £60,000 {2023= nong).
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donalk)ns leg￿leS
161.162
212.730
373.892
Other Iradlng activities
22.597
Total
183 759
212.730
396,489
EXPENDITURE ON
Raising funds
29,117
29.117
Charltable activltles
Charitable activities
205.194
50,476
255,670
Total
234,311
50,476
284,787
Pagg 30
continued...

TONIC MUSIC FOR MENTAL HEALTH LTD
NOTES TO THE FINANCIAL STATEMENTS - continugd
FOR THE YEAR ENDED 30 JUNE 2024
10.
COfvIPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted
fvrbd
funds
Total
funds
NET INCOMEI{EXPENDITUREI
150.5521
162,254
111,702
RECONCILIATION OF FUNOS
Total funds broughl foThvard
46.166
46,166
TOTAL FUNDS CARRIED FORWARD
157,868
11. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Plant and
machinery
Computer
equipment
Totsls
COST
Al 1 July 2023 and 30 June 2024
394
10,198
14,880
DEPRECIATION
Al 1 July 2023
Charge for year
158
79
7,883
1.020
2,937
1,026
10,978
2,125
Al 30 June 2024
237
8,903
3.963
NET BOOK VALUE
At 30 June 2024
157
1.295
325
1,777
AI 30 June 2023
236
2,315
1.351
3,902
12. STOCKS
2024
2023
stocks
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other debtors
Page 31
ntinued...

TONIC MUSIC FOR MENTAL HEALTH LTD
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 30 JUNE 2024
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Other creditors
265
81,484
81.484
20,874
ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Total
funds
2023
Total
funds
Unrestricted
fund
Rgstiicled
funds
Fix￿ a8sets
Current assets
Current liabilities
1,777
8,663
1.777
234,886
3,902
174,840
20,8741
226.223
71,044
226,223
155.179
157,868
16. MOVEMENT IN FUNDS
Net
mov8m8nt
in funds
At 1.7.23
30.6.24
Unrestrktsd funds
GENERAL
14,3861
166,6581
(71.0441
Rgstr5ctgd funds
HIWCF
National Lottery
CMF
Youth Music Grant
Peoples Health Trust
4,000
3,900
131,350
20,000
14,0001
13,9001
82,189
17.3161
213,539
12.684
162.254
226.223
TOTAL FUNDS
157 868
155 179
Net movement in furKls, included in the above are as follows=
Incoming
resources
Resources
expended
Movement
in fuThYs
Unrgstricted funds
GENERAL
197,418
1264,0761
(66,6581
Restricted funds
HIWCF
National Lottery
CMF
Youth Music Grant
Peoples Health Trust
14.CK)O)
{3,￿0)
{183.277}
17.316)
3,004
14,0001
13,9001
82,189
17,3161
265,466
265,466
201497
63.969
TOTAL FUNDS
462,884
465,573
2,6891
Page 32
continued...

TONIC MUSIC FOR MENTAL HEALTH LTD
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 30 JUNE 2024
16. MOVEklENT IN FUNDS- ¢ontinuèd
Comparativo$ for movement in funds
Net
movement
in funds
At
30.6.23
Al 1.7.22
Unrestricted funds
GENERAL
46,166
150,5521
(4.386)
Restricted funds
HIWCF
National Lottery
CMF
Youth MusiG Grant
P8opl8s He81th Trust
4,000
3.900
131,350
20,000
3,004
4,000
3,900
131,350
20,OCrf)
3,004
162,254
TOTAL FUNDS
46,166
111.702
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resour
expended
Movement
in funds
Unrostricted funds
GENERAL
183,759
(234,311)
150,552)
Restrictgd funds
HIWCF
National Lott8ry
CMF
Youth Music Grant
Peoples Health Trust
Community Indusion Grant
17,036
10,000
145,000
27.000
11,694
2,000
{13,0361
16,100)
{13,6501
I7,￿0)
18,6901
2.(K>O}
4,0(Xl
131,3
20,000
3,004
212,730
50.4761
162.254
TOTAL FUNDS
396,489
284.787}
111,702
HIWCF
Funding to support the delivery of a prcsramme of music workshcps for adu]ts
experiencjng mental health probl8ms in Portsmouth.
National Lottery - Provlding support lo men experfendng sulcidal ideation in Portsmouth under our
Never Mind The Stigma programme.
CMF- Providing support to musicians and people working in the music industry under our Tonic Rider
Program￿.
Youth Music- Providing thr88 music gradu*8 jobs and m&ntorship for six months.
People's Health TnJst- Providing support lo men exwriencing suicidal ￿eStIOn and people who have
n bereaved by suicide in Portsmouth under our Never Mind the Stigma programme.
Page 33
cor)tinued...

TONIC MUSIC FOR MENTAL HEALTH LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
16. MOVEMENT IN FUNDS-¢ontlnuod
Community Inclusion Gr2nl - Providing support lo merb exp8riewng sui(adal ideation in Portsmouth
under our Never Mind Ihe Stigrlla prDgramme.
17. RELATED PARTY DISCLOSURE5
A mèmber of the key management personnel k)aned money lo the charity to allow bllls to be paid
whilst there was an issue with th& banking arrangements. Interesl is not being charged on this loan.
The amount OLrtstsnding a5 of 30 June 2024 w85 £33,764.
18. ULTIMATE CONTROLLING PARTY
The charitable company is not under the conlrol of another entity or any one Individual.
Page 34