SERET INTERNATIONAL LIMITED
Fonnerly
(ISRAELI FILM FESTIVAL LONDON LIMITED)
REPORT AND FINANCIAL STATEMENTS
31st January 2025
COMPANY REGISTRATION NUMBER: 7920225
CHhRrrY REGISTrATION NUMBER 1148131
Lachman Smlth A5soclates Llmited
31 Fairrfiew Way
Edgware
Middlesex
HA8 8JE

SEREf INTERNATIONAL LIMrrED
L•gal and Admlnlstratlve Infonnatlon
31st January 2025
c￿panY Registered N￿n￿or
7920225
RegSsiered Charity Number
1148131
Reglstered Office
31 Fairview Way
Edgware
Middlesex
HA8
Dir8Ctors
Nurit Karol
Noah Shacham
Shirit Kedar
Tru5te8S
Nurit Karc4
Noah Shacham
Shlrit Kadar
Independant Examlner
Lachman Smth Assodates Lirnlted
31 Falrvlew Way
Edgware
Middlesex
HA8 &JE
Banke
HSBC
897 Flnchley Road
Golders Green
London
NW17NX
Page 1

SERET INTERNATIONAL LIMITED
DIRECTORS. AND TRUSTEES. REPORT
The directOTsltruslees pr8sent thelr report and the financial statements for the year ended 31st January 2025.
DIRECTORS. RESPONS181LrriES
Company Law %thich Is also applicable to charitable companies In England and Wales requires the (JireCt￿S,
who are also truste&s of the company, to prepare financial statements for each financlal year which give
true and fair view of the state of affairs of the company and of the results of the company for that period.
In preparfng those financial statements, the directorsltrustees are required to..
select suitsble 8ccounb.ng poli¢les and Ihen apply them consistendy,
observe the methods and principles in the Charities SORP
make judgments and estimates that are reasonable and pnjdant..
state whether applicable UK accounting standards have been followed, subject to any material
departures disciosed and explained in the financial slatementS',
prepare the financial statements on the going concem basis unless it is inapprowlate to
presume that the company ￿11 continue in business.
The directorsltNstees are responsible for keeping proper accounting records which disclose
reasonable accuracy 81 any tlme the finandal position of the company and lo enable them to ensure
that the financial statements compWwith the Companies Act 2006. They are also responslble for
safeguarding the assets of the company and hence for tsking reasonable steps for the prevention
and dgtection of fraud and other irregularitses.
PRINCIPAL ACTivrrY AND CHARITABLE OBJECTNE
The advancement of educatlon of the public arts. in particular Israefi film and telNision In the UK.
The promotion of Israeh. CU￿Ure as represented in the media of film and television.
SERET Inlematlonal is an independent, apolltlcal. all-lnduslve charity. dedicated to engaging audiences with the
richness and diversity of Israeli lrfe and cullure through the mediums of Film & TV.
Through our annual festival in the UK, we aspire to showcase n6w and innovative Israefi ￿neMa, unveiling.
touching and eng￿Ing slorfes from the tapesty which is Israel'g society and realty.
Thrwgh an honest and open representation of creators and characters from all walks of Israeli life, we hope to
bring deeper understanding and insight of this unique county to audi&nces in lh8 UIL
ORGANISATION AND CONSTITUTION
On Ihe 20th OGtober 2015 the company changed Its name to Seret Intemational Limited.
The company was incorporated on 23rd January 2012 and is govemed by its Memorandum aThJ ArknGles of
Ssociatir￿. Charity RegiStraLlon nutnber 7920225.
The company is limrted by guarantee and has no share capttal. The guarantees of indNidual members
are limited to £1.
The company is a regbstered Gharity, number 1148131.
The directors of the Gompany fo￿ its Committee of Management and Govemlng Body and are empowered
to act a5 necessary in order for the company to fulfill Ils oblecllves. Dlreclors may be appointed by the
members of the company or fellow directors at any time.
Page 2

SERET INTERNATIONAL
DIRECTORS. AND TRUSTEES. REPORT
ACHIEVEMENTS AND
PERFORMANCE- SERET UK 14°
edition
At SERET-Inlemalional. The Israeli Film & TV festival we have enjoyed great success in bringing the best of
Israeli feature films. documentaries. shorts and TV lo the UK over the past 14years. and we have expanded wlth
new festivals in Gemiany, Nelherlands, Spain, Chile, Aryentina and even one single screening in Greece.
SERET- Intemational is now consid8red to b8 th8 largest15rael film & TV festival in the wortd, screening in 7
drfferent cwntries.
Because of the Challenging polibcal situation in the middle east, we had this year many obstsdes finding
cinemas to screen our films. We didn't give up and we find clnemas as well as a￿ernatIVe venues, such as
hotels. theatres etc.
Finally. w8 did not have any demonstrations, during the festival. or any Gallings to boywtt our festival.
It is Important to mention that ALL screenings throughoul the festival were SOLD OUTI
We feel we play a vit81 role in offering audiences a gllmpse of the world4eading . Innovatlve. dynamlc and
passionate filrn & TV indu5ty in Israel.
We also bring top actors. directors and filml tv makers lo our festivals fix interesting Q&A sessions 10 5har8
Iheir insight with our audiences.
Through our intemalional annual festlvals, we aspire to showcase the outstanding contribution of Israeli film and
television to the arts and culture industries worfthwde. In each country ￿ere festivals take place, to strive to
connect larger audiences and more artists to the flourishing Israeli film industy.
We further seek lo inspire artistic collaborations be￿88n crealve forces frorn Israel and the different cultural
region5 we are active in and encourage partnerships that unleash creativity and expand artists. abilities to
further experiment and take chances, as well as le8m from and teach each other.
DIRECTORsrrRUSTEES
The directors Set out below have held office during the whole year of thls report unless otheThvtse stated:
Nurlt Karol
Noah Shacham
Shirit Kedar
RESERVES POLICY
The ¢(￿panY endeavors to maintain a level of reserves that will enable it, rf the situation arises that fvndlng 1$
curtailed, to cary on Its adivities whilst allemative sources of funding are obtained.
Pagg 3

SERET INTÉRNATIONAL LWIITED
DIRECTCIIS. AND TRUSTEES. REPORT {continuEdl
ACCOU￿ANTs
Lachman Snmth A8sLM?ates Linit•d.
IP4VESTMENTS
The tharfty hos no investsT
RELATED P*JITIES
The L*arty has rntafknnshlps *lth other dwrfVe& on a prl8(*-by-wW b8815.
RISK MANAGEMENT
Thè corrpany uThlertakes periodic wow5 f(Y different areas cl risk Ind￿Jing irtsurartce &i¥er.hoalh and so1&ty Wi¢ios In
the ard *thilAt wfom¥ng, wtvking ¥Ath >vung Chithn.fina￿lllI affm. wath5. ICT le(*n¢￿0gy.
The mty•wnerf in ￿Ser￿S is shwi in nc*e 9 to the acC￿nts.
GOING CONCERN
directors arè of V* that the tharity i& solveniarKI Ihat a ￿￿{￿j con(*rn b•sk8 is apwopriuat• futhfr preparatic
oftt*80 accc4Jn￿and that rt can CCArtlnuo L¥wating for at knt 12 mnths fmm the dats ofthls
PUBL￿ BENEFIT
Th8 Tn￿88 that in comFAlln9 tNs r•pcrtlhey have hod wawd to the wtdance on publle knefit1$8u8d
by the Ch￿lty Coynmwon kn c￿pIanCa thB duty $8t OLrt In ￿￿[On 4 ofthe Charft5es Act 2CQ6.
ThIB repL¥t has been prepared In a¢L)ydan￿ the provisions in $8dton 419131 dthè C￿nF￿￿s Act 2rM)6
applleat4# tts tharit8ble (y)mparles S￿leCt to Ihe small ciwanies reglm8.
Ths rewl wa$ aFpD￿l bythe board on
and on its behaifby Nwit

SEREf INTERNATIONAL LIMrrED
Ind•pndent Examln•rfs R•port on th• Accounts
W? rwrt on the flnanc4al statThrts forthg end&a 31st Janu8ry2025 tAthich Lxryrise Ihg Stat8mwrt of Financial
Ac￿￿ties. the Balance Shoat and the rela￿j not8s.
Res￿￿1¥6 ReS￿l￿111￿85 ofTrusteès and Examlner
The Tr￿te8$ (W￿ 8R also the dlrectors of the tharitstsle company for the purFosè cleompany bw) are r•swisl>l8
f(Y th8 preparation of the ac*&Kmts. The Trustees COn￿der that an audit 15 not roqulred for this uThJer s9￿10n
144(2> of the Charitses Act 2011 (the 2011 Ad}, and that on ind0￿dent exaMI￿￿on Is needed.
avlng sallsfièd oursehts that thg charitabte wnpany Is nor subject to audit under cornpany Lqw Ss elgtblo for
Ind8p8ndent axamlnatth￿. it ts Thy resP￿StA￿ty to,.
•xamlne the acc(￿nts undw seckn 145 of the 2011 Aca:
to folk*Attr* ￿￿￿dureS laid In the gerwal Dlrth glven by th• Commlssion
145(5Xb) of the 2011 Act and
to state vth8thBr p3thwlar matters have c£fft8 to our att8ntl)n.
BasB of exam1n￿& statement
r e￿￿1811(￿ was (Art In a(xOrd9n￿ vlth the Gw81 Drgclion5 given by tha Charity Crynmissw)MrB.
An 8xaminalfon indud85 a raM8w oftha 8oxwnting re(¥yd5 kept by ts chwitable D￿npanY and a
(rftha ffiarthl StsiBm￿ts preswitsd *tth rEc¢xds. It aLso nc*Jd85 consideration of ory unusual ttgms or
d￿￿O￿Te5 In th6 finandal 8tstsments. and seaking exptanalions frc4n yw as Tnjstees c%)n￿1ng any s
matter5. Tho WDc&Jur85 underfaken do not wovtde all the evid￿￿ that would be rewired aud¢ and
consaqugnty no WAnion 1$ as to wh•thwth8 &counts present a Irue arml fairwie¥f and thè r¥ryt'
mlw to1htsse rnatrers 8et rArt In the ststement te￿.
ITrJ8￿ examlnorf8 slatemwrt
In Ixjnnerthi th our eXamInatio￿ no matter tWS LW lo myatrenuon to irKknte thjt
• the acC￿￿)t# do Tvjt a¢xord th such reccrt¥:
where aco)unts are swargd on an accruals ba515, whether ttwlal to complyvAth releydnt a￿untir￿J
req￿reM￿A￿ uTrder 8eLlion ￿ of the Compgnips Aot 2006. or t¥)t wwstont vlih charfli￿ SORP
(FRS1021
. ￿ matter￿fith the examiner b￿le￿& ShO￿d b9 drawn to the atta￿on ofthe readerto galn a woper
understa¥Jlry ofthe Kcounts.
On behalf of
Lachman Smrfth Assoclth knm
deper¥Jent Examiner
31 Fairvl8w Way
Edgwaro
Mlddlesex HA8 &JE

SEREf INTERNATIONAL LIMITED
Statement of Flnanclal Acttvltles
Ilncorporaling an Income and Expènditure Account)
Forthe Year Ended 31¥t January 2025
RostrI￿0d Unreslrlcted
Funds
Fundg
Totsl Restrlctsd Unr•strlctod
Funds Funds
Funds
2025
Tolal
Fund5
2024
Notes
Income and •ndowments
Donab'ons and legacies
128.755
128,755 137,800
80,990
218.790
Totsl income
128.755
128,755 137,800
80,990
218,790
Expendlture on:
Charhable Acllvlty Costs
119.445
119,445 137,800
88,044 225,844
Total expendlture
119,445
119,445 137,800
88,044
225.844
Net In¢omèloXPonditurg
9.310
9,310
(7.054)
(7.054)
Reconclllatlon of funds
Funds brought forward
7,577
7,577
14,631
14.631
Funds Carrled f0Th￿r￿
16,887
16,887
7,577
7,577
The statement of Financial Actiwties rellects the results of continuing activities for the year.
There were no recognised gains or losses other than the net outgoing resources for the year.
The net outgoing rasour¢es for the year have been calculated on the historical cost basls.
The notes ￿ pages 8 to 10 fomi part of these 8c¢ounts.
Page 6

SEREf INTERNATIONAL LIMITED
Balance Shoet at 31st January 2025
Notes
2025
2024
Current assets
08btors
Cash at bank and in hand
40.220
10,572
Total current assets
Credllors due within one year
23,333
2,995
Net current a5Sots
16,887
7,577
Net assets
16.887
7,577
The funds of tho charlty
Unrestricted Funds
16,887
7,577
Total charlty funds
16,887
7.577
For the year ended 31 January 2025 the company Wds entitled to exemption under section
477{21 of the Companles Act 2006.
No members have required the wmpany to obtain an audit of its accounts for Ihe year In
questlon in accordance with section 476 of th8 Companies Act 2006.
The dlrectors acknowledge th￿r responsibility for
i. ensuring the company keeps accountlng records which comply bwlh section 386" and
ii. preparing accounts whlch give a true and fair view of the state of affairs of the company as at th8
end of the financial year and of ils profft and loss fgr the financial year in accordance with the section
393. and which otherwise comply wth the requirements of the Companies Acl relating lo accounts, so
far as appllcable lo the company.
The accounts have been prepared in accordance wth the spec4al promsions app￿Cable to
companies subject to the small companies, regime under Companies Act 2006.
Approved by the dir8ctoTr on
, and signed on their behalf by Nurit Karol
Nurft Karol
Page 7

SERET INTERNATIONAL LIMITED
Note$ to the Flnanclal Statements
For the Year Ended 31st January 2025
1 Accountlng Polic•s
la) The financial statements have been prepared in accordance wtth Accounting and RerM)rting by Charities..
Statement of Recornmended Practice applicable to charities preparing their accounts in aGcordanGe wth the
Financial Reporting Stsndard appli¢able in the UK and Republic of Ireland IFRS 102) leffeclive 1 January
2022)- Icharities SORP IFRS 102}), the Financial Reporknng Stsndard applicable in the UK and Republic of
Ireland (FRS 102) and the Companies Act 2006.
Assets and Ilabiltues are initially recognised at historical cost ortrdnsaction value unless otherwise stated in
the relevant accounting pollry notels).
{b> Income
Inix)me is recognised when the charity has entitlement to the ftjnds, any perfomiance conditions attached to the items
of income have been mel, it is probable that the income will be received and the amount can be measured reliabty-
Income from grants, whether capital or revenue grants, is recognised when the charity has entitlement lo the funds.
any performance conditions attached to the grants has been met. il is probable thal the income wll be received and the
amounl can be measured reliably and is not def8rred.
{cl Expenditure
All expendllure is accounted for on an accruals basig. Expendlture Is recognised once there Is a regal or constructive
obligation to make a payment to a third party. It is wobable that settlement will be required and the amount of the
obligation can be measured reliab￿.
Costs are allocated to a category either because such costs are direclty incurred in relation to such category. or
because they are supwrt costs in respect of which an apportionment has been made beiween the oategories.
Support costs consist of infrastructure costs for salarles, premlses. off￿e administration. Such costs are apportioned
on a reasonable and consistent basis to the various categories wth a wew to determining, as accuratety as possible.
the totsl resources expended for each category. The basis of apportionment used is either a function of staff time
applied lo a given aclimty, or an estimate of the proportion ol costs aSS￿ated wlh the same, or a combination of botrt.
Direct and Support costs are separately shown by natural classrfication in Note 5 to thèse accounts for èach category
of tost.
(d) Taxatlon
The company as a registered charty { number 1148131 1 is exempt from taxatson on most investment
income insofar as it is applied for charitable purposes. The company is also exempt from taxation on
capital gains.
lel Debtors
Trade and other debtors are recognised al the settlement amount due after any trade dlscount offered.
Prepa￿nents are valued at the amount prepaid net of any Iradg discounts due.
(fj Creditors and pr¢)vlslons
Credftors and provisions ar8 r8cognised where the charity has a present obligation resulting from a past event that
will probably result in the Iransfer of funds to a third paty and the amount due lo settle the obligatlon can be
measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts du8.

SERET INTERNATIONAL LIMrrED
lotes to the FinancSal Statements
or tho Yoar Ended 31st January 2025
l Donatlons and legacies
Total
Fund5
2025
Total
Fund5
2024
Unrestrictèd Re$trlctsd
Funds
Funds
Unrnstrict8d Restrlcted
Funds
Funds
Donations and Sp)nsorship
126,582
126.582
73.913 137,800.00
211.713
Ticket sal8s
2.173
2,173
7,077
7.077
128,755
128,755
80,9
137,8LKJ
218,790
3 Charltable activity costs
Support
and
Charitabl8 Charitable
governance A¢tivity
Actlv
Costs
Costs
Costs
Support and Charitable Ch•rltable
govemancè
tivlty
Activity
Costs
Costs
Costs
Total
2024
Total 2025
Unrestrictod Unr9$trI￿0d Restrlcted
Unrnstrlct•d Unrgstrtcted Restrlcted
Direct costs
Gala Nighl, Event and
Production costs
27.831
27.831
12,889
137,800 150.6
PrcKJucers and
administrators fees
Advertising
Design costs
Screening Rights
Flight tickets
Accountanvs fe8
Examinerfs fee
Office costs
Bank charges and
exthange rat8 change
40,680
12.468
40.680
12.468
19,554
6,113
4,168
30,309
10.803
19,554
6.111
4,16E
24,307
10,015
24.307
10.015
1,522
1,200
871
10,804
2,3
1.20(
791
1.522
1,200
871
2.380
1,200
791
551
551
{1631
{161
4.144
115.301
119.445
4208
83.836
137.81X) 225.844
The company had no employees in the year12024- Nono)

SEREf INTERNATIONAL UMITED
Notes to the Flnanclal Ststemenls
For the Year Ended 31st January 2025
4 Debtors
2025
2024
Prepayments
5 CREDITORS- AMOUNTS FALLING DUE
WITHIN ONE YEAR
2025
2024
Trade creditors
Def&￿ed Inwme
AccnJ8ls and other creditors
22,133
1.200
23,333
2,995
2.995
6 RECONCILIATION OF MOVEMENTS
IN FUNDS
Balance at
31st
January
2024
Balance at
31st
January
2025
Income
Expendlturè
Unrestricted Funds - Reserves
Restricted Funds
7,577
128.755
{119,445)
16.887
7,577
128,755
119,445
16,887
7 ANALYSIS OF NET ASSETS
BETWEEN FUNDS
Net Current
Assets Total 2025
Total 2024
Unrestricted Funds:
16,887
16,887
7,577
16.887
16.887
7.577
8 TRUSTEES
During the year, none of the trustees received any remuneration as tnjstees from the trust and no personal
expenses were reimbursed to any of thern or paid on their b8half.
Page10