SERET INTERNATIONAL LIMITED
Fornierty
(ISRAELI FILIA FESTIVAL LONDON UMITED)
REPORT AND FINANCIAL STATEMENTS
31st January 2023
COMPANY REGISTRATION NUMBER: 7920225
IAAITY REQSTRATION NUM8ER 114M31
Lachman Smith Associates Lwnited
16b North End Road
Golders Gte¢n
London
NW117PH
•ACGIR422*
17111r2023
COMPANIES HOUSE
111

SERET INTERNAnONAL LMfTED
Legal and Adrninlstrati¥? Inf(xmalityi
31st January 2023
C£¥n￿Y Rtgisterèd NLmb8r
7920225
RegiSte￿d Charity Numt*r
1148131
Reg$sto￿d Office
16b North End Road
Lo￿1
NW11 7PH
DI￿¢1￿$
Nuril K￿1
Noah Shadwn
Shirit Kedar
Tru498S
Nuwil Kawvl
Noah Shatharn
Shirit Kedar
Indep&idant EX￿Iner
168 North End Roaj
LryKI
NW11 7PH
Bankers
HSBC
897 Finchley Ro&J
NW1 7NX
p￿e1

SERET INTERNATIONAL LIMITED
DIRECTORS. AND TRUSTEES. REPORT
The di￿t￿S￿rusteeS present their rekx)rt and the finan¢ial statements for Ihe year ended 31st January 2023.
DIRECTORS. RESPONS181UTIES
Company Law wh￿h is a￿0 ap￿1¢able to charitat4e cthnpanies in En¥and and Wales r￿UIreS the directors.
who are also trustees of the company, to wepare financial slatements each fin￿001 yaar which gve a
Inje and fair view of the state of affars of the company and of Ihe results of the Company for that period.
In rKeparing Ih¢)se financial ststements. the dIr￿lOrs￿lusleeS are req￿￿ed to:
sdect suitat4e accounting polcies and then appty them CC￿SiSten1tr,
observe the methods and principles in the Chanbes SORP
make judgments and e51imale5 that a￿ reasonable and prudent..
state whether ap￿￿bLe UK acwunting standards have been fc41chved. SUbi￿t to any material
departur8s disdosed and explained in the financkgl statements..
prepare the financial statement5 on ￿Ing c(rtem bags unless it is inappropriate lo
presume that the wnpany will continue in busness.
The direclor51trustees are r8sponsitAe for keeping proper xcounling recc*ds vthich dr5ch)5e
reasonable accuracy al any time the finan¢k*l k>OSrt*)n of the ￿MpaNY and lo enable them lo ensure
that the financia statements compty ¥Mth the Ccrfnpani8s Act 2CKJ6. They are also responSi￿e for
safeguarding the a55ets of the ccKnpany and hen¢e lor taking reasonab￿ steps fc*the preventi
and detection of fraud oth8r iff89ulariti•s.
PRINCIPAL ACTMfY AND CHARITABLE OBJECTIVE
The advancemenl of educat￿ of the Publ￿ arts, in particular Israeli fikn and td1vl5￿￿ in the UK.
The promoiion of Israeli Cutture as representwj in the rn￿la of film and televisicm.
SERET Inlgmab"¢Jnal is an indeperKlenl. aFc41bC￿. a1-inc￿sive ¢harity. ded￿￿e￿ to engagng audiences wilh the
ri¢hness ar￿ diversity of Israeli life and cumure thro￿ the mediiwns of Fikn & TV.
Through our annual festiyal in tho UK. we aspire lo shoKase new and innovative Israeli cinwna, ￿VeIl1ng.
touching and engaging stories from the rich tapesty is Israel'$ society and re￿tty.
Through an honèst and opèn r8pr&sentab"on of creators and characters from all walks of Isradi life, we h¢Jpe to
bring deeper understandin9 and ingghl of this unique Co￿try lo audien¢es in th8 U
ORGANISATION AND CONsfiTunoN
On the 20th October 2015 the company changgj its name to Serel Intemational Limited.
The company was in¢(XPOfated on 23rd January 2012 and L% 9)vemad by rts Memorandum and ArtiC￿S of
As$￿1011¢?n. Charity R8gistratx)n numbw 7920225.
Th8 company is limited by guarant￿ and ha5 no sh￿e capital. The guarantees of iidTrridual members
are limited to £1.
Th8 company 1$ a regi$ter8d charity. number 1148131.
The directors of the company form its Committee of Management G(weming Body and are empov•wad
to act ès necessary in order for the company to fulfill its obieclives. Directo￿ may be appointed by the
members of the company or fello•V dirKlrys al any time.
Page 2

SERET INTERNATIONAL
DIRECTORS. AND TRUSTEES. REPORT
ACHIEVEMENTS AND PERFORMANCE
At SERET-InternalK)nal, The Israeli Film & TV feslival have ertj￿d great success in bringng the best of
Israeli fealure films, documentaries, shorts arKI TV to the UK over the past 12 ywrs. and we have e expanded
th new festivals in Gemiany. Nethwlands. Chile. and Argwlina.
SERET- 1n1emalh￿aI is now considered to be the largest Isradi film & TV festival in the world. ser￿1n9 in 5
diffe￿nI countries.
We feel we play a vital role in offering aUdYan￿ a glimpse of the ￿￿d4eadlng . innovabve, dynarn￿ and
passionate film & TV industy in Israeli.
We also brin9 top 8CtOfS, direct¢ys and filml tv makws lo cwr festivals for interestiThJ Q8A sessions to share their
insi￿t wth our audiersces.
Through our intematiC￿al annual fest+va15. we aspire to sh¢Ncase the outstanding contribution oflsraeli film and
television to the arts and culture industries worlthvide. In each country where festivals lake place. lo strive to
connect larger audiences and m¢ye artisls to the fbNishing Isradi film iTrJusty.
We fwther seek lo inspire artistic collat*Draiims betwew creatP48 fms Iswl and the different cultural
regions we're active in and encourage partnerships that unleash Creativity and expand arti$ts' abilities to further
experiment and take chances. as as18am frcxm teach each other.
SERET INTERNATIONAL. the Israeti Film and Tel8vision Feslival. opens its 121h edition in th& UK frcth 18-25th .
May 2023.
As every year. the program of the festiv* is var*d a￿1 fascinating and this year will fO￿S on the female
narrative in Israel. cinema and on films made by crea￿.
This is an opportunity to be expc6ed lo Ihe of the besl female directcffs from Israel. in a celebration of
f$m81È. original and diversè eAMma. As a r￿lt of the social processes taking ￿ace in the as well as in
Israel in recent years and affe￿Ing the lives of wcmnen and their nghts in and the worfd in general. we wish
to celebrate the female filmmakers of Israel. make th*r work accesgble to the general public, to share all the
diverse powlations of Israel in the festival, and of course to a pEarfomi to excellent stories of Woff￿n.
DIRECTORwfRUSTEES
The dir￿t015 set out bekTh¥ have held office thring the of this ￿pOrt unless othgrwise stated:
Nuril Karol
Noah Shatham
Shint Keda
RESERVES POLICY
The company endeavors lo maintsin a Iwel of reswes thal V*ill enable IL if the situation ari5e5 that furnling 1$
curtailed. lo carry on its activities whilst altemative souros of funding ar8 obtsined.
ACCOUNTANTS
Lachman Smith Associates Limite(I have agre&J to offer Ihemsthers for re-eWion as Independ￿t Examiner to
the company at the forthcoming AGM.
INVESTMENTS
The charity has imiestments.
Page 3

SERET INTERNATIONAL LIMITED
DIRECTORS. AND TRUSTEES. REPORT (conlin￿dI
RELATED PARTIES
tharity has ￿lat￿￿Ships wth other thaiilies on a prcpct-ty-PWDi￿￿ basi5.
RISK MANAGEMENT
The company undertakes periodic for i*fferen¢ areas ot risk W￿udi1¥j insurancè eovÈr,hèath and safèty pol￿1e$ in the
w0￿p1aCe and whilst p*fomiThJ, *thi"ThJ wrth your¥J chil¢kn.financial affaw5. personrtl p￿tice$, ICT tth*nob3y.
RESERVES
The rrN)vemenl in ￿seNe$ is slThwn in Trjte 9 to ts wxJJrt5.
GOING CONCERN
The direclors are of the Opinic￿ that chanty is sc4vent and that a going basis is appropriuate for the preparatM)n
of these accounts.and Ihat it can continue oFeratiThJ for 8t least 12 rnonths fvom the date of this reporL
PUBLIC BENEFtr
Th• Trusteès confim that in corry'ling this report they hav* had due ￿ard to the guidance public benefft i58uèd
by Ihe Chanty Comrni5sion in complkqnce the duty 5etout in ￿10￿ 4 of the Char￿"e$ Ad 2(Kk8.
This has been prepared wi accord￿ 7Mth the P￿￿￿on$ in Section 419(3) ofthe Ccrfnpanie5 A(a 20C6
aPp￿Cable to tharilable ¢oryanie5 5ubierl to the 5maU COFnpani8s regimè.
Thi$ roF*Mt wa$ approved by tho boaft1 M 24 O¢tobw 2023
and sIg￿d on its behalf by Noa
Moah Shxham
Page 4

SERET INTERNATIONAL UIAITED
Independ•nt Examinorfs Report on the Accwnts
We report on the finarKial ststemen15 for the year ended 31st January 2023 comwise Ihe statem￿ of Financial
Activitie5, the Balance Sheet and ihe related nole5.
Respective RespxsibiSties of Trustees and Examiner
The Trustegs (who a￿ also the dirg¢tcvs of the ¢haritsble company for the purpose of company law) are Te$p(￿SIble
for the preparation of the accojnts. The Trustees ￿￿sIder that an audit is required for this ￿0d under section
144121 of the Charities Act 2011 (the 2011 Act). and that an independent examination is needed.
Having satisfied ours8lvgS thal the charitabte company is nor sut¥ect to a￿11 under company law and is eligSble for
independent examination. it 15 my respOn￿bIty lo:
examine the atxounls Lmder secb.on 145 of the 2011 kl:
to follow the procedures la￿ dcNm in the ￿eTaI DIr￿tionS given by the Charity commi￿on under
section 14515llbl of the 2011 Act:
to state wheth8r parbcular matieTS have come to our attent*)n.
8asis of e¥amin¥s statemwt
Our examination was carried ojt in ￿ColdanCe the General Dir￿tr￿S won by the Charity c￿mISS￿er$.
An examination includes a revwl of the acccNJntiro records kepl by the charita￿e company and a ¢omparison
of the finar￿la1 statèments kyasanted with those records. It also inclLKles Considera￿ of any unv5ual items QY
disclosures in Ihe financial staiements. and seeking explanat￿$ from you as Tnjstees conceming any such
matters. The procedures undertaken do not provKle all Ihe evKleft￿ that would be wuired in an audit, and
consequenuy no opinion is gN￿ as to whether Ihe accwnts p￿sent a-true and fair and thg report is
limited to Ihose matters set out ￿ the statement beith¥.
Independent examw)erf$ str1￿ment
In Connectic￿ with ow examination. matter has ry)me to my attenlK)n to Ind￿18 thaL
' a¢¢ounling records ha￿ not been kept in acc(￿dance *ith section 386 ofthe Comwies Act 2006.,
. the accounts do not accord w￿1h suth recwd5".
vthere accounts are prep￿ed on an accruals basis. *thether they fail to comF4y ￿knnt a¢count*)g
regul￿MentS uThJer Secti￿ 396 of the Companies Ad 2006. or are not consistent Mth the Charibes SORP
{FRS102)
' any matter which the examiner bdieve5 5hwld be dravm to the attention of the reader to gain a proper
understanding of the xwunts.
On behalf of
Lachman Smith Associ81es Lmrited
Independent Examiner
24 Cktober 2023
16b North End Road
Lonth)n NW11 7PH
Page 5

SERET INTERNATIONAL UMrfED
Statement of Financial Activities
(incorporating an In¢ome and Expenditure A¢¢wnt)
For the Year Ended 31st January 2023
Total
Funds
2023
Total
Funds
2022
Funds
In¢ome and eNI(¥wments
Donalions and leg*es
84.583 84.583 62.091
Investrnent incofflg
Tolal income
84.S93 84,583
62.091
Expenditure on:
Charitabl? A¢ti¥ity Costs
86.122
86.122
74.483
Total •xp•nd1￿rn
86.122
86.122
74.483
Net Incomdexpenditijre
{1.5391
11.5391 (12.392)
Reconciliation of funds
Funds brought forswdrd
16.170
16.170
Funds carrlod fonwanl
14.631
14.631
16,170
The statement of FinanrAal Activities reflects the resUrt5 of a¢b"vities for the year.
There were no rg¢ognised gains or IcEses other than the net outg)irKJ rgsoLYces for ihe year.
Tha net ￿t9¢*n9 resources the ygar have been calculated w the hisl¢yi¢al cost basis.
Thg notes on pages 8 to 10 part ofthese a¢¢cwnts.
Page 6

SERET INTERNATIONAL UMITED
Balance Sheet at 31st January 2023
Not•s
2023
2022
Curr•nt ass•ts
Debtor5
Cash at bank and in hand
21236
Total current assets
32.647
21236
Credltors due wllhin one ￿ar
18.016
5.066
Net current assets
14,631
16.170
Net assets
14,631
16,170
The funds of the charlty
Unrestncted Funds
14.631
16.170
Totsl ¢h•rity fvnds
14.631
16.170
For the yoar ended 31 January 2023 the ¢cthpany VAS entillèd to exempl￿ under seclion
477121 of the Companies A¢t 2006.
No rnembers have required the company to oblain an audit ol its accounts for the year in
quests'on in accordanc8 Secti(￿ 476 of thè Cornpan￿ Act 2006.
Tha diractors ad(rwledge their ￿$F￿)n￿b11ty for.
i. ensuring the company keeps accounlirvj ￿cold$ wh￿h c(rfn￿Y wth section 386.. and
ii. p￿Paring accounts which gve a tnje and fair vithw of the state of affairs of the company as at the
end of the finanaal year and of its pfofft arKI loss for the financial year li accordance wth the sect¢on
393. and which otheMise cc*nply WTth the requirements of the Compan*s Act rdab.ng lo accounts. $0
far as applicable to the company.
The accosjnts have been Prepared in accordance wth the special provi&ons applicable to
companie$ subject to the small ¢ompanies' regime under Companies Act 2006.
Approved by the direc￿$ on 2
r 2023 . and &gn•J their behalf by Noah Shacham
Noah Sha¢ham
Page 7

SERET INTERNATIONAL LIMITED
Notes to the Finan¢i•l Ststements
For the Year Ended 31st January 2023
1 A¢¢oynting Police5
{a) The financial statements have been prepared in ￿Kdanc8 V*ith Accounting and Repcyiing by Charities..
Statement of Recommended Practice applicable to charities preparing thwr accounts in aGcL¥dance with the
Financial Rep¢yting Standar¢J applicable in the UK and Repl1￿1¢ ol Ireland IFRS 102) (effective 1 January
2019)- ICh8rities SORP IFRS 1021). the Finan¢ial ReFtsting Stsndard app[￿able in the UK an¢J Republic of
Ireland IFRS 1021 and the Cornpan￿ Act 2006.
Assets and liabilities we initialty al htstcrfical cost or transa(Xion value unless Other￿Se stsled in
the relevant accountirvj pdicy n￿S).
(bl In¢ome
Incomè is le￿nIsed when the Charity has entitlement lo the fvrds, afty pèrformarte condit￿nS attached to the items
of inc¢yne have been met, Tt is prOba￿e that Ihe income will be rerEr¥ed and the arn￿nI can be Measu￿ reliably.
Income from grants. whether capital Of revenue grants, is recognised when the charty has entthement lo the lunds,
any performance condib.ons atta¢hed to Ihe grants has b88n met. rt is probab￿ that the income will be received and
thè amcrtjnt cèn be measureLI 8rKf defwr&J.
Icl Expenditure
All expenditure is ac¢ounled an accTua15 ba￿5. Expenditure is recognised once the￿ is a 18981 or constructive
o￿lgatiOn to make a payrnent to a Ihird paty. It is ￿0ba￿e Ihat setuement will be reqLli￿d and the amount of Ihe
otAigation can be measured rdk?bty.
Costs are all¢xated to a ¢ategory either because such Costs are directty incurred in relation to StKh category, or
because they are support costs in reswt 0fwh￿h an apporbonmerf has been made befv*en th8 categories.
Support Costs consisl of infrastructure cost5 for salarie5. premise5. offKe administrab¢m. Such w515 arg apportK)ned
on a reasonable and consistent basts to the varicxjs Categ￿eS ￿ a ¥1￿ to determining. a5 accurately as pos5iblg.
the total resources expended for ea¢h categ¢￿. The basis of apF4)rtionmenl used ts either a func￿ of staff time
applied to a given athity. or an estimate of the proportion of costs asscciated wth tho same. or a combination of both.
Direct and Support costs are sgpar*dy shown by natural ¢la$gfiCatk￿ in Note 5 to these accounls for each categNy
of Cost.
Idl Ta￿tIon
The company as a regislored ¢harity ( nLrmber 1148131) is exempt from trxatl￿ on most investment
income insofar as il is applie¢J for charitable purposes. The company is also exempl from taxatv)n on
capital gains.
lo) Dèbtors
Trade and rAher debtors are recogrmsed at the setuemenl amomt due after any trad? discount offered.
Prepayments are valued at the amount prepaKY net of any trade discounts due.
lfj Creditots and provlslons
Creditors and provisions a￿ ￿¢()gnised where the chariiy has a ￿sent obligati{￿ resulting from a past event that
will probabty ￿Sur( in the transfer of funds to a third party and the amwnl due to settle the obligation can be
measured or estimated reliably. Creditors and prowisons are nonnalty rec￿lSed at t￿lT settlement ￿OUnt after
allowng for any trade discounts due.
Page 8

SERET INTERNATIONAL UMITED
Notes to the Financial Stat•monts
Far the Y•ar End•d 31st J•nu•ry 2023
2 Donations and legaci•s
Unrestri¢t¢d
2022
Funds
2023
DonaJons and Spon￿r$hIp
81.028
81.028
59,722
Ticket sales
3.555
2.369
84,583
62.091
3 Char5table activity costs
Support and
gov*maK￿ Charitable
Costs
Activity Costs Total 2023
Support and Charitable
govem•n¢e
Activity
Costs
Costs
Unr•strictsd Unrestrfet•d
Total 2022
Direct costs
Gala Night, Event and
Producli¢)n ¢osts
Pmducers and adminislrattys
f8&s
Ad¥ertising
Oesign Costs
Screening Righ15
Flight ticket5
Travel and subsistence
Accountant's fee
Examiner's f88
Offi¢6 ¢0sts
Bank Charges and exchange
rat& change
19.038
19.038
15.056
15,056
25,600
9.289
25,61X>
9,289
28.CQO
4,807
5.299
13,516
2.163
1,332
28,000
4,807
5.299
13.516
2.163
1.332
921
18.174
7.305
18.174
7.305
3.376
3.376
1,063
1.063
569
5,768
80.354
86.122
4,310
70.173
74,483
The c(Jnpany had ￿ empkis*es in the year { 2022- N¢￿e)

SEREf INTERNATIONAL UMITED
N¢tes to the Financial Statements
For the Year End•d 31st January 2023
4 Debtors
2023
2022
Prepaymertts
S CREDrroR& AMOUNTS FALUNG DUE
WITHIN OIIE YEAR
2023
2022
Tfadg ¢reditors
Accruals aThJ oth8r cre(litors
18.016
18.016
S.066
5.066
RECONCILIATION OF MOVEMENTS
IN FUNDS
Balance at
31st
January
2022
8alan¢* at
31st
January
2023
In¢ome
exp•ndltur•
Unrestncted Fund$ - Reseryes
16.170
84.583
{86,122)
14,631
16.170
84,583
86.122
14,631
7 ANALYSIS OF NET ASSETS
BETWEEN FUNDS
Nel Current
Ass•ts Totsl 2023 T¢)tal 2022
Unrestricted Funds:
14.631
14.631
16.170
14.631
14,631
16.170
8 TRUSTEES
Ouring the ye8r. none of Ihe trustees receNefJ any remuneration as trustees from the trust aThJ no porsonal
expenses were reimbursed to any of them or pahl on their behaff.
Page 10