2024-03-31-accounts - Reel Creative

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Section C: Notes to the accounts Trustees’ annual report for the period

Period start date 0 7 0 9 2 3 Period end date 3 1 0 3 2 4

Charity name R E E L C r e a t i v e

Charity No 1 2 0 4 6 2 4 (if any)

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	REEL Creative was founded to advance education and reduce digital poverty by offering innovative digital skills training to people from all backgrounds, particularly young people from disadvantaged communities.
Summary of the main activities in relation to those purposes for the public beneft, in particular, the activities, projects or services identifed in the accounts.	Para 1.17 and 1.19	The charity aims to inspire creativity and improve social mobility through access to emerging technologies such as Virtual Reality (VR), Artificial Intelligence (AI), and digital media.
Statement confrming whether the trustees have had regard to the guidance issued by the Charity Commission onpublic beneft	Para 1.18	The trustees have complied with their duty to have regard to the Charity Commission’s guidance on public benefit. While the charity was in its infancy during this period, its activities are planned to directly benefit the public by increasing access to high-quality digital education.
Additional information (optional) You may choose to include further statements where relevant about:
	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38
Other

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October 2016

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Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its benefciaries and any wider benefts to society as a whole.	Para 1.20	The charity focused its efforts during this period on establishing the necessary infrastructure and governance to support its long-term vision. Key activities included: • Registering the Charity: Successfully completed registration with the Charity Commission. • Governance Setup: Developed a governing document and appointed trustees with a broad range of expertise in education, digital technologies, and community outreach. • Strategic Planning: Defined the charity’s vision, mission, and key priorities, laying the ground work for future projects. • Networking and Relationship Building: Began fostering relationships with local schools, councils, and businesses in Hull and the surrounding areas to identify needs and opportunities for collaboration. • Funding Applications: Submitted initial grant applications to secure funding for future projects. • Ran 2 successful workshops.

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

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October 2016

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Financial Review

	SORP reference
Review of the charity’s fnancial position at the end of the period	Para 1.21	Total income for the period: £21,060 Expenditure during this period: £0
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The trustees aim to build reserves equivalent to three months of operational costs to ensure the charity’s sustainability and its ability to manage unexpected financial challenges or delays in funding. Of the total £21,060 held in the bank at the end of the financial period, £17,560 represents restricted funds, which are allocated for specific purposes and cannot be used as reserves. The remaining £3,500 is unrestricted funds and may be allocated as reserves or used for general charitable activities. The trustees will regularly review the reserves policy and adjust the target reserve level as operational costs and the charity’sfinancial positionevolve.
Amount of reserves held	Para 1.22	At the end of the reporting period, reserves stood at £3,500.
Reasons for holding zero reserves	Para 1.22
Details of fund materially in defcit	Para 1.24	No funds were materially in deficit during the period.
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	There are no uncertainties about the charity continuing as a going concern. Looking ahead, the trustees are confident in the charity’s ability to carry out its purposes and continue operations as it begins its activities, subject to securing funding and resources for future projects.

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

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October 2016

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Structure, Governance and Management

Description of charity’s trusts:	SORP reference
Type of governing document (trust deed,royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.gunincorporated association,CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees were recruited through personal networks and professional recommendations based on their expertise in relevant fields. Training has been planned for the next reporting period to ensure trustees are equipped to fulfill their responsibilities.

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charityworks	Para 1.51
Relationship with any related parties	Para 1.51
Other

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October 2016

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Reference and Administrative details

Charity name	REEL Creative
Other name the charity uses
Registered charity number	1204624
Charity’s principal address	28 South Lane, Hessle. HU13 0RR

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee(if any)
Amelia Budworth	Chair
Jessica Storch	Treasurer
Hannah Brown	Trustee & Designated SafeguardingLead (DSL)

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October 2016

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Reference and Administrative details (cont)

Corporate trustees – names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year

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October 2016

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Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	REEL Creative does not hold any funds as custodian trustees on behalf of others.
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

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October 2016

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Declarations

The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees

Signature(s) Amelia Rose Budworth Jessica Storch Full name(s) Position (eg Secretary, Chair Treasurer Chair, etc) Date 18/01/2025

Charity Accounts templates – Trustees’ annual report for the period

October 2016

Reel Creative (Charity Number: 1204624)

Statement of Assets and Liabilities

As at 31/03/2024

Assets

Cash at bank and in hand: £21,060
Restricted funds: £17,560
Unrestricted funds: £3,500
Investments: £0
Debtors: £0
Other assets: £0

Total Assets: £21,060

Liabilities

Creditors: amounts falling due within one year: £0
Creditors: amounts falling due after more than one year: £0
Other liabilities: £0

Total Liabilities: £0

Net Assets/(Liabilities): £21,060

This statement confirms that Reel Creative was in its initial stages during the financial peri-

od and had no expenditure or liabilities. The available funds comprise £17,560 in restricted funds and £3,500 in unrestricted funds.

REEL	Creative			1204624
	Receipts andpayments accounts				CC16a
For	the period from	07/09/2023	To	31/03/2024

Section A Receipts and payments

A1 Receipts	Unrestricted funds to the nearest £ 3 500 - - - - - - - 3 500 - - - 3 500 - - - - - - - - - - -	Restricted funds to the nearest £ 17 560 - - - - - - - 17 560 - - - 17 560 - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - -	Total funds to the nearest £ 21 060 - - - - - - - 21 060 - - - 21 060 - - - - - - - - - - - - - - 21 060	Last year to the nearest £
	3 500				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	3 500				-

A2 Asset and investment sales, (see table).
	-
	-				-
*Sub total*	-				-
*Total receipts* A3 Payments
					-

	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	-				-

A4 Asset and investment purchases, (see table)
	-	-	-	-
	-	-	-	-
**Sub total **	-	-	-	-	-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					-

	3 500			21 060	-
	-			-	-
	-			-	-
	3 500			21 060	-

CCXX R1 accounts (SS)

Section B Statement of assets and liabilities at	Section B Statement of assets and liabilities at	the end of the period
Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds	Details Details *Total cash funds* (agree balances with receipts and payments account(s)) Details Details Details Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ 3 500 17 560 - - - - 3 500 17 560 OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Amelia Budworth Jessica Storch	Endowment funds to nearest £
			-
			-
			-
			-
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)






			Date of approval
		Amelia Budworth	29/01/2025
		Jessica Storch	29/01/2025

CCXX R2 accounts (SS)