## 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||| Charity Accounts templates – Trustees’ annual report for the period October 2016 2 of 8 ## 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||| Charity Accounts templates – Trustees’ annual report for the period October 2016 3 of 8 ## 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||| Charity Accounts templates – Trustees’ annual report for the period October 2016 4 of 8 ## 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||| Charity Accounts templates – Trustees’ annual report for the period October 2016 5 of 8 ## 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)||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| Charity Accounts templates – Trustees’ annual report for the period October 2016 6 of 8 ## 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|| |---|---|---| |||| |||| |||| |||| |||| |||| Charity Accounts templates – Trustees’ annual report for the period October 2016 7 of 8 ## 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 Charity Accounts templates – Trustees’ annual report for the period October 2016 8 of 8 ## 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**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Unrestricted**
**funds**
**to the nearest**
**£**
**3 500**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**3 500**
**-**
**-**
**-**
**3 500**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Restricted**
**funds**
**to the nearest £**
**17 560**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**17 560**
**-**
**-**
**-**
**17 560**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Restricted**
**funds**
**to the nearest £**
**17 560**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**17 560**
**-**
**-**
**-**
**17 560**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**21 060**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**21 060**
**-**
**-**
**-**
**21 060**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**21 060**|**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) 1 |**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) 2