REGISTERED CHARITY NUMBER: SC047612
Report of the Trustees and
Financial Statements for the Year Ended 30 September 2024
for
Scottish Youth Film Foundation (SCIO)
Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
Scottish Youth Film Foundation (SCIO)
Contents of the Financial Statements for the Year Ended 30 September 2024
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 15 |
Scottish Youth Film Foundation (SCIO)
Reference and Administrative Details for the Year Ended 30 September 2024
TRUSTEES
PRINCIPAL ADDRESS
REGISTERED CHARITY NUMBER SC047612
INDEPENDENT EXAMINER
Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
SOLICITORS
Urquharts 16 Heriot Row Edinburgh EH3 6HR
BANKERS
Bank of Scotland PO Box 23581 Edinburgh EH1 1WH
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Scottish Youth Film Foundation (SCIO)
Report of the Trustees for the Year Ended 30 September 2024
The trustees present their report with the financial statements of the charity for the year ended 30 September 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity was set up to improve the life outcomes of young Scots through film.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
We worked with a record number of young people this year, reaching in the region of 1400 young Scots through our Festival, Education and Outreach work.
The 10th Annual Scottish Youth Film Festival was held on 4th and 5th October 2024 in West Lothian. The event itself falls into our next financial year and will be included in next year’s report. However, much of the planning and work in the area occurred during 2023-24. In particular, our work with the newly formed WLTV (West Lothian TV) group. This team of around 15 young people from West Lothian came together to learn filmmaking and create short films together, before broadcasting 2, 30-minute shows live from the festival. Their show included interviews with director from Industrial Light and Magic.
Our other regional groups also had a successful year:
DGTV (Dumfries & Galloway) - In collaboration with our partners at Southwest Media Factory, SYFF support 2 filmmaking groups in Dumfries and Galloway, who meet regularly to learn and make short films.
PKTV (Perth & Kinross) - The original group of around 7 young filmmakers from Perth and Kinross, who broadcast from last year’s festival had the opportunity to film in the new VIPRE (Virtual production space) at Abertay University. They created a short film called 'Blood Money', which was screened at this year’s festival in West Lothian and has been submitted to others. They also had the opportunity to film the Developing the Young Workforce Tay Cities Awards event (which SYFF was nominated for in the 'Most Inspirational Event' category). SYFF continues to support the group to create short films together, with further activity planned later in the year.
Skye Young Filmmakers (Skye) - SYFF worked with this group of 12 young people from the Isle of Skye on a summer film project. They made a drama, set in the 1980’s called Love Stuck. We continue to fundraise to allow for further filmmaking activity.
As well as working with our regional groups, we ran various outreach projects:
Film in a Year - This pilot project was run at St. Margaret’s Academy in Livingston as part of our work in West Lothian. SYFF staff spent an entire school year working with a group of around 20 pupils across all school years to produce a film. The young participants were designated roles and supported through the entire process of making a film, from scriptwriting, to casting, to production and editing. The group organised and ran a special end of term screening at the Scottish Storytelling Centre. The project was a huge success, and the school are repeating it for a second year, having been assisted to fundraise by SYFF.
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Scottish Youth Film Foundation (SCIO)
Report of the Trustees for the Year Ended 30 September 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Festival of Politics - 6 young people were recruited from around Scotland. In June, we took them on a training residential at Lagganlia Outdoor Centre, where we engaged in teambuilding activities and trained them in video journalism and broadcasting. They were then embedded as video journalists at the Festival of Politics in August. This project is in partnership with the Scottish Parliament and will be an annual event. The young people live streamed four, half hour shows and one hour-long show over 5 nights interviewing the likes of Jack Lowden, the Climate Cafe founders and numerous political figures.
Films of Scotland - SYFF launched our new Films of Scotland competition with an event at the National Library of Scotland Moving Image Archive at Kelvinhall in Glasgow. We have partnered with NLS Moving Image Archive, Visit Scotland and National Museums Scotland to reignite the original Films of Scotland, which was originally founded in the 1930’s. A screening and awards event will be held at the museum in March 2025.
Pinewood Futures Festival/Creative Media Skills Institute (CMSI) - Through our partnership with Pinewood Studios, we took 6 young people to London to attend the Pinewood Futures Festival. We also spent an afternoon at CMSI, where they learned all about Production Management from Film Industry veteran Terry Bamber, and attended a session on Production Design.
Blazing Griffin Internship - SYFF and Blazing Griffin partnered up to offer 6 young people a week-long production internship at Blazing Griffin’s studios in Glasgow. They learned about various elements of production from scheduling to pitching.
Into Film Awards - SYFF won the inaugural Filmmaking Champion award at the Into Film Awards in London.
Dunbar Grammar School - We spent a week working with the s5 media class. They learned filmmaking techniques and theory, then wrote and produced a short film - a quirky drama called “Snappers”, this film is now used as a teaching resource by Into Film.
YouthLink East Renfrewshire & Ayr - We worked with two groups of at-risk-of-offending and care experienced young people over 6 months to produce 2 films. A screening event was held, where the participants friends and family could come and see their hard work.
Wild Child Animation Studios visit - We took a group of young animators to visit Wild Child’s Stirling-based animation studio. They learned all about the workings of the studio, met the animators and got to see them in action.
Tornado Set Visit - We had the exciting opportunity to visit the set of feature film “Tornado” with a group of young people, including our youth board members. The group got to experience life on a working film set and one of our youth board members even spent the day monitoring sound.
FINANCIAL REVIEW
Financial position
The charity incurred a net deficit of £39,335 for the year ended 30 September 2024 (2023: surplus of £45,918).
On 30 September 2024 reserves stood at £41,455 (2023: £80,790) with £19,088 of these being unrestricted (2023: £45,874).
Reserves policy
It is the policy of the charity to maintain reserves of between 3 and 6 months basic operating costs (wages, rent, insurance etc) where possible with the stated ambition of growing the reserves as the charity’s income grows. Where the reserves amount exceeds this, the board shall agree the allocation of remaining funds in the areas of expanded staffing, expansion of charitable projects, investments etc. Where the reserves do not meet the minimum requirements, it is the policy of the charity that all savings on budgets and unspent contingencies be allocated immediately to reserves unless otherwise specified by a funder or altered by an extraordinary board meeting. This policy is to be reviewed as a standing item at each board meeting.
For the year ended 30 September 2024 this is deemed to be £19,216 (2023: £14,558). On 30 September 2024, the charity held £19,088 of unrestricted reserves (2023: £45,874), the trustees are aware that this policy is not being met and aim to build unrestricted reserves through income generation.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The Charity is a Scottish Incorporated Charitable Organisation (SCIO) and operates under the rules of its constitution.
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Scottish Youth Film Foundation (SCIO)
Report of the Trustees for the Year Ended 30 September 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
Trustees are recruited with the approval of the board. Any member of the board may identify a possible candidate and then propose them to the board. Only after a majority approves an approach is a CV requested and an official approach made. This is then subject to approval by a majority vote to allow the candidate to join the board.
Key management remuneration
The management of the organisation is undertaken by the Executive Directors and the General Manager. Total costs related to these positions were £62,015 (2023: £45,280).
11th March, 2025
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
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Independent Examiner's Report to the Trustees of Scottish Youth Film Foundation (SCIO)
I report on the accounts for the year ended 30 September 2024 set out on pages six to fifteen.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
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to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Fellow, Association of Chartered Certified Accountants
Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
14 March 2025 Date: .............................................
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Scottish Youth Film Foundation (SCIO)
Statement of Financial Activities for the Year Ended 30 September 2024
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 81,436 Other trading activities 4 - Other income 5 4,073 Total 85,509 EXPENDITURE ON Charitable activities 6 Giving opportunities to Scottish youth interested in film 102,512 NET INCOME/(EXPENDITURE) (17,003) Transfers between funds 15 (5,878) Net movement in funds (22,881) RECONCILIATION OF FUNDS Total funds brought forward 45,874 TOTAL FUNDS CARRIED FORWARD 22,993 |
Restricted funds £ 47,562 3,500 - 51,062 73,394 (22,332) 5,878 (16,454) 34,916 18,462 |
2024 Total funds £ 128,998 3,500 4,073 136,571 175,906 (39,335) - (39,335) 80,790 41,455 |
2023 Total funds £ 188,876 9,500 2,829 201,205 155,287 45,918 - 45,918 34,872 80,790 |
2023 Total funds £ 188,876 9,500 2,829 201,205 155,287 45,918 - 45,918 34,872 80,790 |
|
|---|---|---|---|---|---|
| 34,872 80,790 |
|||||
CONTINUING OPERATIONS
This statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities in both years. Comparative figures for the previous year by fund type are shown in Note 10.
The notes on pages 8 to 15 form part of these financial statements
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Scottish Youth Film Foundation (SCIO)
Balance Sheet 30 September 2024
| Notes FIXED ASSETS Tangible assets 11 CURRENT ASSETS Debtors 12 Cash at bank CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 15 Unrestricted funds: General fund Fixed Assets Restricted funds TOTAL FUNDS |
2024 £ 3,905 552 38,318 38,870 (1,320) 37,550 41,455 41,455 19,088 3,905 22,993 18,462 41,455 |
2023 £ 8,787 557 72,616 73,173 (1,170) 72,003 80,790 80,790 37,087 8,787 45,874 34,916 80,790 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. 11th March, 2025 and were signed on its behalf by:
The notes on pages 8 to 15 form part of these financial statements
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Scottish Youth Film Foundation (SCIO)
Notes to the Financial Statements for the Year Ended 30 September 2024
1. GENERAL INFORMATION
Scottish Youth Film Foundation (SCIO) ("the charity") is Scottish charitable incorporated organisation governed by its constitution dated 31 July 2017. It was registered as a charity in Scotland (registered number SC047612) on 31 July 2017. Its registered address is
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements are prepared on an accruals basis, and on a going concern basis, in accordance with:
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the Charities and Trustee Investment (Scotland) Act 2005;
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Regulation 8 (Statement of account - Fully accrued accounts) of The Charities Accounts (Scotland) Regulations 2006;
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the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in March 2018 ("FRS 102"), to the extent that it applies to small entities and public benefit entities;
-
'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in October 2019 (FRS 102)' ("the Charities SORP");
-
UK Generally Accepted Accounting Practice; and
-
the historical cost convention.
The charity meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy.
The financial statements are presented in UK sterling, which is the charity's functional currency, and rounded to the nearest pound.
There have been no changes to the basis of preparation this financial year or to the previous financial year's financial statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer and AV Equipment
- Straight line over 4 years
It is the policy of the trustees to capitalise any tangible fixed assets purchased where the cost exceeds £500.
Taxation
Scottish Youth Film Foundation is a charity within the meaning of Section 467 of the Corporation Tax Act 2010. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied for charitable purposes only.
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Scottish Youth Film Foundation (SCIO)
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
2. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
3. DONATIONS AND LEGACIES
| Donations Grants Grants received, included in the above, are as follows: Arts and Business Scotland Creative Scotland Enchanted Forest Community Fund Into Film Sean Connery Foundation South of Scotland Enterprise The Holywood Trust YouthLink Scotland William Syson Foundation Gannochy Trust Pinewood Studios Scottish Parliament Screen Scotland The Energy Saving Trust Fund The Robertson Trust Foundation Scotland 4. OTHER TRADING ACTIVITIES Fees Sponsorships |
2024 £ 2,336 126,662 128,998 2024 £ - - - - 65,000 - 2,831 - - 6,200 2,000 4,000 12,431 20,000 10,000 4,200 126,662 2024 £ - 3,500 3,500 |
2023 £ - 188,876 188,876 2023 £ 8,000 44,374 2,000 5,800 79,479 10,000 20,223 15,000 4,000 - - - - - - - 188,876 2023 £ 4,500 5,000 9,500 |
2023 £ - 188,876 188,876 2023 £ 8,000 44,374 2,000 5,800 79,479 10,000 20,223 15,000 4,000 - - - - - - - 188,876 2023 £ 4,500 5,000 9,500 |
|---|---|---|---|
| 9,500 |
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Scottish Youth Film Foundation (SCIO)
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
5. OTHER INCOME
| 2024 £ Employer's allowance 4,073 6. CHARITABLE ACTIVITIES COSTS Direct Support Costs (see costs (see note 7) note 8) £ £ Giving opportunities to Scottish youth interested in film 108,965 66,941 7. DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 £ Insurance 668 Telephone 447 Postage and stationery 1,393 Advertising 2,126 Sundries 3,322 Accommodation 6,959 Consultancy 56,099 Food 4,698 Venue Hire 1,574 IT Costs 1,146 Presenter Fees 3,813 Technical Costs 5,759 Training - Transcription - Travel 5,253 Equipment 1,834 Payroll Fee 424 Bank charges 2 Rent 7,296 Subscriptions 766 Depreciation 5,386 108,965 |
2023 £ 2,829 Totals £ 175,906 2023 £ 447 144 546 6,496 2,798 8,872 46,403 2,790 731 739 9,867 6,133 267 154 2,873 2,887 520 8 3,270 632 5,260 101,837 |
|---|---|
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Scottish Youth Film Foundation (SCIO)
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
8. SUPPORT COSTS
Support costs, included in the above, are as follows:
| Independent examination Wages Social security Pensions Admin |
2024 £ 1,320 57,106 4,073 1,142 3,300 66,941 |
2023 £ 1,170 41,820 2,829 631 7,000 |
|---|---|---|
| 53,450 |
9. TRUSTEES' REMUNERATION AND BENEFITS
During the year one trustee eceived a payment of £200 for participation on the writer's panel at Scottish Youth Film Festival (2022-23: Nil).
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 91,479 97,397 Other trading activities 9,500 - Other income 2,829 - Total 103,808 97,397 EXPENDITURE ON Charitable activities Giving opportunities to Scottish youth interested in film 85,797 69,490 NET INCOME 18,011 27,907 Transfers between funds 3,222 (3,222) Net movement in funds 21,233 24,685 RECONCILIATION OF FUNDS Total funds brought forward 24,641 10,231 TOTAL FUNDS CARRIED FORWARD 45,874 34,916 |
Total funds £ 188,876 9,500 2,829 |
|---|---|
| 201,205 | |
| 155,287 | |
| 45,918 - |
|
| 45,918 34,872 |
|
| 80,790 |
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Scottish Youth Film Foundation (SCIO)
| Notes to the Financial Statements - continued for the Year Ended 30 September 2024 11. TANGIBLE FIXED ASSETS COST At 1 October 2023 Additions At 30 September 2024 DEPRECIATION At 1 October 2023 Charge for year At 30 September 2024 NET BOOK VALUE At 30 September 2024 At 30 September 2023 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued costs 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted funds funds £ £ Fixed assets 3,905 - Current assets 20,408 18,462 Current liabilities (1,320) - 22,993 18,462 |
Computer and AV Equipment £ 21,041 504 21,545 12,254 5,386 17,640 3,905 8,787 2024 2023 £ £ 552 557 2024 2023 £ £ 1,320 1,170 2024 2023 Total Total funds funds £ £ 3,905 8,787 38,870 73,173 (1,320) (1,170) 41,455 80,790 |
|---|---|
Comparatives for analysis of net assets between funds
| Unrestricted Restricted funds funds £ £ Fixed assets 8,787 - Current assets 38,257 34,916 Current liabilities (1,170) - 45,874 31,916 |
2023 Total funds £ 8,787 73,173 (1,170) 80,790 |
2022 Total funds £ 6,995 29,047 (1,170) 34,872 |
|---|---|---|
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Scottish Youth Film Foundation (SCIO)
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
15. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| At | movement | between | At | |
| 1/10/23 | in funds | funds | 30/9/24 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 37,087 | (11,617) | (6,382) | 19,088 |
| Fixed Assets | 8,787 | (5,386) | 504 | 3,905 |
| 45,874 | (17,003) | (5,878) | 22,993 | |
| Restricted funds | ||||
| Outreach | 15,000 | (5,334) | - | 9,666 |
| Film Festival | 2,817 | (8,695) | 5,878 | - |
| Education | - | 940 | - | 940 |
| Dumfries and Galloway TV | 17,099 | (14,218) | - | 2,881 |
| WLTV | - | 512 | - | 512 |
| PKTV | - | 4,189 | - | 4,189 |
| Festival of Politics | - | 274 | - | 274 |
| 34,916 | (22,332) | 5,878 | 18,462 | |
| TOTAL FUNDS | 80,790 | (39,335) | - | 41,455 |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 85,509 | (97,126) | (11,617) | |
| Fixed Assets | - | (5,386) | (5,386) | |
| 85,509 | (102,512) | (17,003) | ||
| Restricted funds | ||||
| Outreach | 2,052 | (7,386) | (5,334) | |
| Film Festival | 4,317 | (13,012) | (8,695) | |
| Education | 5,252 | (4,312) | 940 | |
| Dumfries and Galloway TV | 2,831 | (17,049) | (14,218) | |
| WLTV | 4,200 | (3,688) | 512 | |
| PKTV | 9,700 | (5,511) | 4,189 | |
| Festival of Politics | 22,710 | (22,436) | 274 | |
| 51,062 | (73,394) | (22,332) | ||
| TOTAL FUNDS | 136,571 | (175,906) | (39,335) |
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Scottish Youth Film Foundation (SCIO)
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Fixed Assets Restricted funds Outreach Film Festival Dumfries and Galloway TV TOTAL FUNDS |
Net Transfers At movement between At 1/10/22 in funds funds 30/9/23 £ £ £ £ 17,646 23,271 (3,830) 37,087 6,995 (5,260) 7,052 8,787 24,641 18,011 3,222 45,874 - 15,000 - 15,000 10,231 (6,214) (1,200) 2,817 - 19,121 (2,022) 17,099 10,231 27,907 (3,222) 34,916 34,872 45,918 - 80,790 |
|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Fixed Assets Restricted funds Outreach Film Festival Dumfries and Galloway TV TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 103,808 (80,537) 23,271 - (5,260) (5,260) 103,808 (85,797) 18,011 15,000 - 15,000 52,174 (58,388) (6,214) 30,223 (11,102) 19,121 97,397 (69,490) 27,907 201,205 (155,287) 45,918 |
|---|---|
16. RELATED PARTY DISCLOSURES
Other than those disclosed in note 9, there were no related party transactions for the year ended 30 September 2024 nor for the year ended 30 September 2023.
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Scottish Youth Film Foundation (SCIO)
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
17. PURPOSE OF UNRESTRICTED FUNDS
General - The free unrestricted reserves of the charity
Designated Fixed Asset Fund - represents the fixed assets that the charity holds
18. PURPOSE OF RESTRICTED FUNDS
COP TV - funding and sponsorship to help get youth involved in the filming of COP26
Film Festival - funding used to run the Scottish Youth Film Festival
Education - funding used to run youth programmes
Outreach - funding used to run outreach programs for youth within Scotland
Dumfries and Galloway TV - funding used to run the Scottish Youth Film Festival in Dumfries and Galloway
WLTV - Funding used to run a filmmaking group for young people in West Lothian. The project includes film training, film making and the group producing a live broadcast from the Scottish Youth Film Festival.
PKTV - Funding used to run a filmmaking group for young people in Perth & Kinross. The project includes film training and production of short films.
Festival of Politics - Funding used to run a video journalism training project for young people in Scotland, which culminates in the group attending and broadcasting live every evening from the Festival of Politics at the Scottish Parliament.
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