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 designed to feed an amplifier with input impedance of 10k to 250k. Both tone controls should be linear type potentiometers.