When you make a report it shows up to all mods on our home screen. We then check the report, decide what if any action is taken, and then do what is deemed necessary. After taking action, we file the report away so that it can be accessed later if need be.
Anything you find unacceptable, offensive etc should be reported. It is not possible, no matter how much effort is made, for us to see absolutely everything, so reports from members can be very helpful. Realistically they are a handy tool to allow us to try and "get it right."