SERET INTERNATIONAL LIMITED (ISRAEU FILM FESTIVAL LONDON LIMrrED) REPORT AND FINWICIAL STATEMENTS 31st JanuJry 2021 COMPANY REGISTRATION NUMBER: 7920225 LacTrwnafi Smlth Assoclates Um6tsd 16b North End Road Golders Gre•n NW117PH wii 4A4FOJRSZ4 2211012021 COMPANIES HOUSE A14
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318t January 2021 Cornpwy Register&1 Numbw Registwl Charity Numbw 1148131 Regislered Officg 16b Ncrti End Ro*1 NW117PH Directo Nurit Karol irt•d 18th March 2021 Twstees lit Kw poiniwj 18th kqarch 2021 16B North End Rr NW117PH Bgnkws 897 Finthlty Ro•J Goldws Grg8n NW17NX
DIIECTORS. AND TRUSTEES. REPORT D&RECTORS' RESPoNslL11s obseNg m8thyts aThl prir in ts Chatttw SORP reasona9 accuracy at any Iwne tr firHiwl of thè tt¥npany to erb ttyn to arKI deteclion of fraud otrr iWitie& PRINCIP ACTIVITY AND CHARfTpBLE OBJECTIVE The advancement ed811)n offfte art& in parth]Aar15f8eli flm arlt UK. Th8 promot%>n of Israeli CLAlure as reweserrted in ts m•Jba rA fthi aTwJ tekntyyc. rthnes¥ atwj derty of Israeli life ar¥J 12thure It¥wJh the of Fkn & IV. ORGANISArnN AND CONSTrruT arn I[mit ts £1. The compary ks a regi51wed charty, NThber 1148131. to act a5 wssary n onler for ts o)mpary to Ir1 fts Dvedors may b8 appcw*ed by thg
SERET WTERNATK)141 I)IRECTORS' AND TRUSTE&8' REPORT ACHIEVEMEIITS AND PERFORMANCE best of Israeli fealure films doc{mlas. slx)rts •NI TV to tho UK past ten Yrn. we have We ftha to tsgl we play a ¥ital rolg tn athyiwkxs a of hKNati?. dJThmic •vJ passwats flm aThd TV in Iwl. We also brfNJ Israel's top actors. dyeclors mak•rs b ¢)w Feth fty fathl¥y Q&A 58sshyB to slwg th8ir insight our aLKliwKe& relKJi)ns and sooal backgrourKJs, to rEtlw TA rnake you lawh. ilj SERET UK rLn 21 JthB- 28 2021 . Th8 managers of the Israeli Fli m & f+1 Feslpml. 00gla Harw. ¥KI Patty Hcthn•)), arn tYhuirvJ a m¢ye eXen8 Festival than e%r b8fore. At this yeafs Festiwal. wg haN selected cream wodLth)ns tsknrted Ilm and TV makers. We have awart1¥1nrmj deimts Irom ftrst-tkne tealwe fkn makers. ar¥J bvJ mo¥S fft)m 9)me of Feslival programme deb wlo Israeli 111 M10$ fractur85: eyamww ts effrfts of li¥¥YJ arpj change. SERET lrtematti)nal is deiuhtd to bè stti4rJ Work d mary nww lknm8ke@ a relleckn of supwt tho lsraeb. fam ff81ry gT¥es to fwJrluriThJ rm¥ taknt. ft's an lThJLtsty that has beo)me more thrtwar, c4eal#YJ great (arwna a1 IV ljwt Trfiects themes that of eourrtry. Due to the current parnlemic wJurKI worhj. we ha mawèd to an {Ing Twli festival 21-281612021 Even thow thg owias arouThl th8 wc¥kl are cbsed th to ts Ixrnrt&lEtA)n. we de(xled to brkw the cingma kn ¢xtr atwJ1e trffiie free of dprge in Ihe weeks leadw¥ to thB DU ths p8fKI. wo Witi t
DIRECTO AND TRusfEES' REPORT DIRECTORStrRUSTEES Nurit Karor Noah Shacl)Bm Slwrit Kgjor Appj 18th Moth 2021 RESERVES POLICY The company endea¥¢$ to maSntyin o L feseNe5 that it. ff the sItuats that fimdkng Is to faThy on Its aCtItieS ¥thIt allematl¥e %Jurces Offid[l¥j we obts1. ACCOUNYANTS 0>77pany at Ihe fOr1hr1 AGM. INVESTMENTS The chgrlty has no investm. RELATED PARTIES RISK MANAGEMENT pollcies hrt workplace a1 Mlsl pwfumiTrJ, ilh (1l(th.ffinal affairn. pwsonn pr8clI. ICT t9chnokgy. RESERVES Th& movem6nt in reserves k8 shvn In 9 to the acrAXUts. GOING CONCERN The dlrectors are of tt ¢)wiM It1 thè Ch Is sofvent aThl that a 0)Nn tlS ts 8pwiyiua¢ lor tho propavation of these accounts.arKI that il can ccrfinuo opwaling tr 1* 12 ThK¥ths from the dato of thbs rwwl. PUBUC BENEFrr The Trust confiffli that in complir¥J this Teport have hod r8gard lo the ance on wblic benefft issueo by tha Charfty CommissiC in ¢(wnFliartt 7Ailh tho duty set ryrt in se£tOon 4 of ts Charities Act 2006. This rnport has been prepared in acoJvtlan¢e with Ihe in Sedim 413) <>fthe Ccrfnpani¢s 2(LK8 applbcable to charita18 compani85 subj.ect tr) the small ts)mpanies wfflo. Thls rwt Was 8pprov&J by Ihb tw)wd on 201h Ocl(ts 2021 arKf sign&t bthall by Noah
SERET INTERNATIONAL LMrrED
We rowl on th8 firHrKgal stateffle for Ihg wwjed 31stJaThMy 2021 Ihe Statemont of Finwial
Activities, the BaFan¢e Sheet aNI tr¢ related rKrte&
The Trustees I are also the dIrpth> of &Witab ¢
SEREf INTERNATIONAL LNlrrED For th• Y•ar Efftl•d 31•t 2021 Funds 2020 79.713 79.713 1314J8 Irwestmwrt irKome 11 Total lrtom• 79.715 79.715 133.499 82.6 U89D 118,591 Totsl •xp•ndldK• 82.690 82.W 118.591 12.975> R975) 14,908 RKoMllllon of funds Furwts tsfht f(Mwanl 31.537 31.537 16,629 28.562 28,562 31,537 The Th)tes ¢YE Pa 8 to 10 Icvm part of IIsè xc(Mf
Balano Slw•t at 31•t Jarnwy 2021 2020 D8bl¢Y5 Cash at trank a1 ui haTra 29.174 27.549 29,174 33.049 Cr•dltors (J• wllhln on• yw 612 1.512 31.537 28.W2 31,$37 Th• funds of th• ¢hxlty 31,537 28,562 31,537 For the year ended 31 Jarry 2021 thB ¢xxnpary ¥rag to eMnplM)n under se(Xk>n 477121 ol the Comparri6s Aci 20(6. No members have Tequirgd ts ¢panY to tibtswi an of ar•>Xrts ferthe year queslion in accre th sectTh 476 of the Compantes Act . li. preparry accounts wlxh wxl fwviw of the ate of affavs of Ihe o)mpBny as at thè ernl of the firwnctal year aThJ OF its wofrt and I($ forthe yaar wi aC0)rd vknh Its 393. arKI whth cAhepige mYwh requrerne of ts c(nParIesA¢t to aLtOLrt so far 88 applicable to the company. companies $ect to the yna¥ t)ynpanw' regNne C<Nnpantes Act 2(h)6.
SERET INTERNATlAL LIrED P40tss to thg FInCIal Statements For th• Y•ar Endod 31st Janry 2021 1 Accountlng Pollc•s ststemerit of Recommended Practice appltcabk to chafitss weparlrnj trir accounts in accudance with Financial Reportmg Stsndard appl i? UK a1 Repubitc ol IrelaThl IFRS 102) (effectNe 1 January 20151 . (Charities SORP IFRS 102)), the FinarKial Siwtsd atpkablè in the UK aTrJ Republ of Ireland (FRS 102) the Comwigs Art 2. Assets orKI liabilities are iniliaty reci3nisad at Idstctsl cost or trarar1M vkn wAess Oth staled in the rg18vanl pcAw rnts(sl Ib) Incom• Inc4)me is recognksed when ts tharity hès errtmerrt to the finls, ary w10rne ¥jItn$ attached lo the items of income tov8 been meL it E probabl8 that in¢cAxe wl be received ar#Y tr amoLrt can be m8a5ured reliabty. Income from grants. whetsr c4prtal or revern grarts, is rBcc3rMs&J wren ts thrity YS entitlement to the funds. any perfornae corrflitions attached to the grants beon me( it ig by0bab that the irnThie be re¢ei¥ed aThJ amount b8 measured relabty aThl 15 Tr)t deferred. (c) Expendltur• All 8yndiiur8 is acxourted for on an 015 basi& is orta tharn is a18gal or con5tnKti¥O obligalK)n to make a payThert to a ttwd paty.11 is rrfobth th8t seltl8merrt wdl be reqirired af%1 ts amount of the obligat¥)n Gan be measured rd. Costs are allated to a calogory either becaw costs are dwe( Nwred in 1)ft to th category, or Support Costs of lrrfrastrle for salwTes, Nemise% thvtsal#)n. Sh costs are apportiortd on a reasonable arKI conent basis to Ihg WdlT(Ats cate9)ries with a Yew to detem)inirKJ. as accuratety as Fble, the total resources eVrKI for each tery. The of appcrft¥rt Used is eitlw a filIOn of staff tim8 appllad to a actr¥ity. or an estimato of ts proptylkm of (xjsts a#atsd wilh ts sm. ¢x a o)mbinatK)n of both. cost (d) Taxatlon The company as a registered thaiity ( rnmber 1148131) is eyfjmptfrn laXatX most hftst cawtal ga (•) lord Trade arvj otlw debtorn arn re(tyned at ts SetleM after any trade dk8¢ourt offered. PrepayTnents are Ydlued at pr¥11 rnt of anytrddè d. fft Credltors and provlslo will probaW result in thg transfer of fwbJ$ io a thld pty th8 amount due to seiug ts (1>181 can ba measured c estimated reatsty. Cred<x5 ar¥J rwm* re(xwJrdsed at their 8elUgm8nt amcAJrt sft allowing for any trade dts¢ourls d.
SERET WTERNATIONAL L•ArrED l•t8• to th• Fln•nclal Stat•m•nls or thg Y•ar End•d 31st Janvary 2021 2 Donallons and1ogad•s Unrestrlcled 2020 2021 Donations aThJ SpornN Sg,308 125.406 Tket sales 20.405 8,082 79.713 79,713 133,488 3 Charitable adivity tosts Support and Support ond Charilabl• C¢>sts A¥lty Costs Tatsl 2021 Costs Tolal 2020 Dir•¢t $ts Event S8ctNty Gala Night. Evert aThl Productton c$ So¢ki1 Mèdkl ¢osIs Artl Dire¢tor Producovs afKI adm¥istrdt(X5 fees 288 17220 5.411 17,220 5N11 17.638 17.638 12.750 11750 20.132 451 20.132 451 31,178 31,178 Photograsw Filming aThl gdrtry costs Adverti%ng Brochure and banr DesiJn costs D¢stributK)n. FMage arKI courier costs Screening Rytts Hight tickets Travol and sjbsis Webhostry and dwn Donalior Accountant's fee Professional fees Irsuran¢ 400 1.266 2.530 1,266 1977 19TI 730 5,736 5,736 1.428 14.680 1,428 14.680 2,349 16.331 16,331 135 12203 135 12,203 2,190 3257 353 2252 2,191) 353 587 Bank Gharges and eydw rate change 76S .1 7.152 111.439 118,591 The comparry had m ernthees in seor12020. N(Th)
8ERET NfERNATIONAL LIArrED Notos to tho Financlal Statoments For tho Year Endod 31st January 2021 4 00btorn 2020 Trade debtors 5 CREDITORS- AMOUlffS FALL14G DUE wrrHIN ONE YEAR 2020 Trade credit 612 1,512 1,512 612 6 RECONCIUATION OF MOVEMEIITS IN FUNDS 31st 31sl January 2021 2020 UrestriGted FurKIs - 31.537 79.715 (82,690) 28.562 31.537 79.715 28.562 7 ANYs15 OF NET SSETS BETWEEN FUNDS Nat Cirrort Total 2021 Total 2020 UnreslfKted 31,537 28,562 28,562 31.537 8 TRUSTEES