Based on the classic Baxendall tone control circuit, this provides a maximum cut and boost of around 10dB at 10K and 50Hz. The first BC109C transistor (left hand side) is acting as a buffer. It provides the circuit with a high input impedance, around 250k has a voltage gain of slightly less than unity.
As the Baxendall tone control circuit is a passive design, all audio frequencies are attenuated. The position of the controls and reactance of the capacitors alters the audio response. The last transistor provides a slight boost of about 3x. The output is