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||**Page**|
|---|---|
|Trustees|1|
|Legal and Administrative Information|2|
|Council Members' Report|3|
|Independent Examiner's Report|11|
|Statement of Financial Activities|12|
|Balance Sheet|13|
|Statement of Cash Flows|14|
|Notes to the Financial Statements|15|





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|**Membership**|**2021**|**2020**|**2019**|**2018**|**2017**|
|---|---|---|---|---|---|
|Single Member|554|529|638|677|680|
|Double Members *2 Persons|103|152|182|193|206|
|Life Members|429|440|451|458|460|
|Silver Members — previously Associate|17|18|18|30|29|
|Bronze Members — previously Junior|204|163|247|230|244|
|Overseas — Single|17|17|14|18|19|
|Overseas — Double|2|4|3|5|3|
|Overseas — Life|32|40|43|47|47|
|Overseas — Silver|1|1|1|1|1|
|Overseas — Bronze|6|8|6|9|7|
|Total Membership|1365|1372|1603|1668|1696|
|Total Members|1470|1528|1788|1866|1905|





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|**National Championship Show**|**2021**|**2020**|**2019**|**2018**|**2017**|
|---|---|---|---|---|---|
|Pure Bred Arabs|271||491|534|503|
|Anglo Arabs|6||28|19|19|
|Part Bred Arabs|50||100|115|134|
|Open & Special Classes|161||233|247|197|
|Dressage|38||94|125|108|
|Show Jumping|||20|41|64|
|Total Entries|526||966|1081|1025|
|Exhibitors|181||247|256|256|
|Horses|266||392|429|426|



## 



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|**Registrations**||**2021**|**2020**|**2020**|**2019**|**2018**|**2017**|
|---|---|---|---|---|---|---|---|
|Pure Bred Arabs||278|225||240|309|389|
|Anglo Arabs||12||15|6|14|12|
|Part Bred Arabs||178|132||228|271|289|
|Total Registrations||468|372||474|595|690|
|Transfers o f Ownership||627|618||715|575|910|
|Imports Registered||46||50|62|86|79|
|Exports Registered||165||85|149|160|185|
|Stallions Licensed/Entered||39||36|29|30|35|
|**Exports 2021**|||**Imports **|**2021**||||
|Australia|1||Belgium|||6||
|Bahrain|2||France|||17||
|Belgium|1||Italy|||6||
|Brazil|1||Morocco|||1||
|China|1||Netherlands|||4||
|Denmark|10||New Zealand|||1||
|France|76||Poland|||4||
|Germany|3||Sweden|||1||
|Israel|2||UAE|||5||
|Italy|1||USA|||1||
|Jordan|1|||||||
|Kuwait|3|||||||
|Netherlands|1|||||||
|Norway|1|||||||
|Qatar|2|||||||
|Saudi Arabia|11|||||||
|Serbia|1|||||||
|South Africa|1|||||||
|Spain|2|||||||
|Sweden|3|||||||
|UAE|41|||||||
|Total|165||Total|||46||





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|||**Restricted**|**Unrestricted**|**Total**|**Total**|
|---|---|---|---|---|---|
|||**funds**|**funds**|**funds**|**funds**|
|||**2021**|**2021**|**2021**|**2020**|
||Note|£|£|£|£|
|**INCOME FROM:**||||||
|Donations and legacies|2|895|50,991|51,886|44,500|
|Charitable activities|4|9,819|159,089|168,908|87,750|
|Investments|3|320|3,413|3,733|13,049|
|Job retention scheme grants|||1,623|1,623|5,050|
|**TOTAL INCOME**||11,034|215,117|226,151|150,349|
|**EXPENDITURE ON:**||||||
|Charitable activities|5|10,982|248,214|259,196|206,073|
|**TOTAL EXPENDITURE**||10,982|248,214|259,196|206,073|
|**NET INCOME/ (EXPENDITURE) BEFORE**||||||
|**INVESTMENT GAINS/(LOSSES)**||52|(33,097)|(33,045)|(55,724)|
|Net (losses) / gains on investments|11||43,206|43,206|(2,191)|
|**NETINCOME/ (EXPENDITURE) BEFORE**||||||
|**OTHER RECOGNISED GAINS AND LOSSES**||52|10,109|10,161|(57,915)|
|**NET MOVEMENT IN FUNDS**||52|10,109|10,161|(57,915)|
|**RECONCILIATION OF FUNDS:**||||||
|Total funds brought forward||73,075|1,476,489|1,549,564|1,607,479|
|**TOTAL FUNDS CARRIED FORWARD**||73,127|1,486,598|1,559,725|1,549,564|





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|||**2021**|**2020**|
|---|---|---|---|
||**Note**|**£**|**£**|
|**FIXED ASSETS**||||
|• **Tangible assets**|**10**|**545,423**|**558,254**|
|**Investments**|**11**|**283,554**|**240,348**|
|||**828,977**|**798,602**|
|**CURRENT ASSETS**||||
|**Stocks**|**12**|**10,280**|**12,493**|
|**Debtors**|**13**|**21,414**|**34,640**|
|**Investments**|**14**|**714,720**|**242,527**|
|**Cash at bank and in hand**||**54,156**|**532,627**|
|||**800,570**|**822,287**|
|**CREDITORS: amounts falling due within**||||
|**one year**|**15**|**(69,822)**|**(71,325)**|
|**NET CURRENT ASSETS**||**730,748**|**750,962**|
|**TOTAL ASSETS LESS CURRENT UABIUTIES**||**1,559,725**|**1,549,564**|
|**CREDITORS: amounts falling due after**||||
|**morethan one year**||||
|**NET ASSETS**||**1,559,725**|**1,549,564**|
|**CHARITY FUNDS**||||
|**Restricted funds**|**17**|**73,126**|**73,075**|
|**Unrestricted funds**|**17**|**1,486,599**|**1,476,489**|
|**TOTAL FUNDS**||**1,559,725**|**1,549,564**|





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|||2021|2020|
|---|---|---|---|
||Note|||
|**Cash flows from operating activities**||||
|Net cash used in operating activities|19|(8,517)|(18,792)|
|**Cash flows from investing activities:**||||
|Dividends, interest and rents from investments||3,733|13,049|
|Purchase of tangible fixed assets||(1,494)|(48,659)|
|**Net cash (used in)/provided by investing activities**||2,239|(35,610)|
|**Change in cash and cash equivalents in the year**||(6,278)|(54,402)|
|Cash and cash equivalents brought forward||775,154|829,556|
|Cash and cash equivalents carried forward|20|768,876|775,154|





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|**ME FROM DONATIONS AND LEGACIES**|||||
|---|---|---|---|---|
||Restricted|Unrestricted|Total|Total|
||funds|funds|funds|funds|
||2021|2021|2021|2020|
||E|E|E|E|
|Membership subscriptions|895|42,832|43,727|40,179|
|HOYS fund||||395|
|General donations||109|109|79|
|Gift Aid||3,710|3,710|3,847|
|Shows and events||4,340|4,340|−|
|Total donations and legacies|895|50,991|51,886|44,500|
|Total 2020|1,115|43,385|44,500||



## 

|**STMENT INCOME**|||||
|---|---|---|---|---|
||Restricted|Unrestricted|Total|Total|
||funds|funds|funds|funds|
||2021|2021|2021|2020|
||£|f|f|E|
|Investment income|320|3,413|3,733|13,049|
|Total 2020|632|12,417|13,049||





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||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2021|2021|2021|2020|
||£|£|£|£|
|Public relations and marketing||7,050|7,050|8,527|
|Stud book and registration||96,814|96,814|78,608|
|Shows and events|9,819|55,225|65,044|615|
||9,819|159,089|168,908|87,750|
|Total 2020||87,750|87,750||



## 

|**EXPENDITURE BY CHARITABLE ACTIVITY**|||||
|---|---|---|---|---|
||Restricted|Unrestricted|Total|Total|
||funds|funds|funds|funds|
||2021|2021|2021|2020|
||£|£|£|£|
|Public relations and marketing|82|59,076|59,158|59,985|
|Stud book and registration|−|111,365|111,365|109,883|
|Shows and events|10,900|68,113|79,013|26,290|
|Governance costs||9,660|9,660|9,915|
|Total|10,982|248,214|259,196|206,073|



## 

|Included within the figures above are the following suppo|rt costs.||
|---|---|---|
||2021|2020|
|Staff costs|77,483|87,483|
|Printing, postage and telephone|12,933|6,797|
|Depreciation|3,876|2,641|
|Legal and professional|8,839|8,945|
|Office costs|8,515|9,015|
|Computer support|12,201|10,828|
|Travel, training and conferences|67|628|
|Welfare fund||500|
|Other costs|4,412|2,723|
|Total support costs|128,325|129,560|





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||2021|2020|
|---|---|---|
||£|£|
|Public relations and marketing|28,874|29,151|
|Stud book and registration|76,995|77,736|
|Shows and events|16,041|16,195|
|Governance|6,416|6,478|
|Total|128,326|129,560|



## 

|**GOVERNANCE COSTS**|||
|---|---|---|
||Total|Total|
||funds|funds|
||2021|2020|
||£|£|
|Independent Examiner's fees|3,100|3,100|
|Annual General Meeting||100|
|Council travel|144|237|
|Support costs|6,416|6,478|
||9,660|9,915|





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||2021||2020||
|---|---|---|---|---|
|||£||£|
|**Income from donations and legacies**|||||
|Membership subscriptions|43,727||39,679||
|Gift Aid|3,710||3,847||
|||47,437||43,526|
|**Income from charitable activities**|||||
|Arab Horse Society News|6,617||8,002||
|Promotions|433||525||
|||7,050||8,527|
|**Expenditure**|||||
|Membership costs|12,899||14,222||
|Arab Horse Society News (including postage)|17,025||16,455||
|Promotion|360||157||
|Support costs|28,874||29,151||
|**Total expenditure**||59,158||59,985|
|**Net surplus / (deficit)**||(4,670)||(7,932)|





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||2021||2020||
|---|---|---|---|---|
|**Income from charitable activities**|||||
|Registration fees (incl. **DNA**testing)|41,108||32,755||
|Exports and imports|24,874||15,317||
|Transfer fees|15,325||14,574||
|Breed entries and licences|6,844||6,952||
|Duplicate certificates|2,007||2,316||
|Bloodtyping and DNA analysis|975||550||
|Stud books|1,243||1,585||
|Microchips|143||442||
|Other income|4,295||4,117||
|**Total income**||96,814||78,608|
|**Expenditure**|||||
|Bloodtyping and DNA fees|11,453||10,640||
|Printing, postage and stationery|7,880||6,144||
|Stud book|268||364||
|Premium scheme costs|500||367||
|WAHO fees|1,346||1,406||
|Subscriptions, conference and meeting fees|1,534||727||
|Travel expenses|74||||
|Microchips|1,680||1,353||
|Other costs|9,635||11,145||
|Support costs|76,995||77,736||
|Total expenditure||111,365||109,882|
|Net surplus / (deficit)||(14,551)||(31,274)|





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||2021||2020||
|---|---|---|---|---|
|**Income from donations and legacies**|||||
|Donations −AHS National Show||4,340|||
|**Income from charitable activities**|||||
|AHS National Show|43,214||433||
|BACS|8,773||||
|Other activities|1,647||182||
|HOYS Fund|9,820||||
|Judges and training|1,591||||
|||65,044||615|
|**Expenditure**|||||
|AHS National Show|40,585||3,774||
|BACS|7,110||96||
|Judges and training|1,743||40||
|Other activities|13,534||6,184||
|Support costs|16,041||16,195||
|Total expenditure||79,013||26,289|
|Net surplus / (deficit)||(9,629)||(25,674)|





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||**2021**||**2020**||
|---|---|---|---|---|
|||||**£**|
|**Income from donations and legacies**|||||
|**Donations −AHS National Show**||**4,340**|||
|**Income from charitable activities**|||||
|**Entries**|**12,625**||**433**||
|**Stabling**|**21,129**||||
|**Sponsorship**|**5,164**||||
|**Show supporters**|**750**||||
|**Trade stands**|**930**||||
|**Catalogue sales and advertising**|**2,254**||||
|**Other show income**|**361**||||
|||**43,214**||**433**|
|**Expenditure**|||||
|**Showground hire**|**10,105**||||
|**Grandstand hire and PA equipment**|**319**||||
|**Sponsors Tent**|**500**||||
|**Stewards and DCs (lodging, food & expenses)**|**6,008**||**304**||
|**Judges (lodging, food & expenses)**|**4,842**||||
|**Staff**|**5,000**||**2,500**||
|**Show Director fees and expenses**|||||
|**Printing and postage (schedule & catalogue)**|**944**||**20**||
|**Rosettes**|**3,724**||**28**||
|**Affiliation fees and subscriptions**|**630**||||
|**Security**|**3,548**||||
|**Medical cover**|**1,100**||||
|**Trade stands**|**400**||||
|**Insurance**|**1,883**||||
|**Other expenses**|**1,582**||**922**||
|**Total expenditure**||**40,585**||**3,774**|
|**Net surplus /** (deficit)||6,969||(3,341)|





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|**NETINCOME/(EXPENDITURE)**<br>This is stated after charging:|||
|---|---|---|
||2021|2020|
|Depreciation o f tangible fixed assets:|||
|−owned by the charity|14,325|15,515|
|Independent Examiner's fees|3,100|3,100|



## 

|**STAFF COSTS**<br>Staff costs were as follows:|||
|---|---|---|
||2021|2020|
|Wages and salaries|61,998|73,026|
|Social security costs|17,547|17,280|
|Other pension costs|2,938|2,177|
||82,483|92,483|



||2021||2020||
|---|---|---|---|---|
||No.||No.||
|Stud book||3||4|
|Administration and support||1||1|
|||4||5|





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|**TANGIBLE FIXED ASSETS**|||||||
|---|---|---|---|---|---|---|
||||**Office**|||**Weatherbys**|
||**Freehold**|**Property**|**equipment **|**&**|**Computer**|**bespoke**|
||**property**|**improvements**|**trophies**||**equipment**|**systems**|
|**Cost**|||||||
|At 1 January 2021|297,746|11,762|55,204||174,629|325,533|
|Additions|−|||−|1,494|−|
|At 31 December 2021|297,746|11,762|55,204||176,123|325,533|
|**Depreciation**|||||||
|At 1 January 2021||2,532|52,849||171,730|79,509|
|Charge for the year||−|295||1,179|12,851|
|At 31 December 2021||2,532|53,144||172,909|92,360|
|**Net book value**|||||||
|At 31 December 2021|297,746|9,230|2,060||3,214|233,173|
|At 31 December 2020|297,746|9,230|2,355||2,899|246,024|
|||||||Total|
|**Cost**|||||||
|At 1 January 2021||||||864,874|
|Additions||||||1,494|
|At 31 December 2021||||||866,368|
|**Depreciation**|||||||
|At 1 January 2021||||||306,620|
|Charge for the year||||||14,325|
|At 31 December 2021||||||320,945|
|**Net book value**|||||||
|At 31 December 2021||||||545,423|
|At 31 December 2020||||||558,255|





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|**11 **|**FIXED ASSET INVESTMENTS**|||
|---|---|---|---|
||||Listed|
||||securities|
||||£|
||**Market value**|||
||At 1 January 2021||240,348|
||Revaluations||43,206|
||At 31 December 2021||283,554|
||**Listed securities at market value comprise**|||
|||2021|2020|
|||£|£|
||CCLA Charity investment fund|165,007|140,771|
||M&G Securities|118,547|99,577|
|||283,554|240,348|
|**12 **|**STOCKS**|||
|||2021|2020|
|||£|£|
||Promotions and general publications|470|710|
||Publications −news and books|2,772|2,797|
||Publications −stud book|2,278|2,546|
||Microchips|4,760|6,440|
|||10,280|12,493|
|**13 **|**DEBTORS**|||
|||2021|2020|
|||£|£|
||Trade debtors|68|473|
||VAT|8,425|17,033|
||Prepayments and accrued income|12,921|17,134|
|||21,414|34,640|
|**14 **|**CURRENT ASSET INVESTMENTS**|||
|||2021|2020|
|||£|£|
||Investments|714,720|242,527|





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|**CREDITORS: Amounts falling due within one year**|||
|---|---|---|
||2021|2020|
|Bank loans and overdrafts||951|
|Trade creditors|54,428|52,820|
|Other creditors|1,257|5,174|
|Accruals|11,497|8,335|
|Deferred income|2,640|4,045|
||69,822|71,325|



## 

|**DEFERRED INCOME**|||
|---|---|---|
||2021|2020|
|Balance b/f|4,045|3,304|
|Income released in the year|(4,045)|(3,304)|
|Deferred income received −memberships and other fees|1,320|2,725|
|Trophy deposits|1,320|1,320|
|Total|2,640|4,045|





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||Balance at|||||Balance at|
|---|---|---|---|---|---|---|
||1 January||||Gains /|31 December|
||2021|Income|Expenditure||(Losses)|2021|
|**Designated funds**|||||||
|Property fund|297,746|−||||297,746|
|The Lady Willingdon Bequest|65,703|329||||66,032|
|The Lady Miranda Emmet Fund|4,268|21|||−|4,289|
|Patricia Lindsay Bequest|19,918|99||||20,017|
|Norman Laurens Bequest|33,939|169||||34,108|
|Trophies −insurance claim|4,685|||−||4,685|
||426,259|618||||426,877|
|**General funds**|||||||
|General funds|1,050,230|214,500|(248,214)||43,206|1,059,722|
|Total Unrestricted funds|1,476,489|215,118|(248,214)||43,206|1,486,599|
|**Restricted funds**|Balance at|||||Balance at|
||1 January||||Gains /|31 December|
||2021|Income|Expenditure||(Losses)|2021|
||£|£|£||£|£|
|HOYS Fund|9,101|9,819|(10,900)||−|8,020|
|The Mary Russell Fund|62,173|310||(82)|−|62,401|
|Welfare Fund|1,801|904||−|−|2,705|
||73,075|11,033|(10,982)|||73,126|
|Total o f funds|1,549,564|226,151|(259,196)||43,206|1,559,725|



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||Balance at||||Balance at|
|---|---|---|---|---|---|
||1 January|||Gains /|31 December|
||2020|Income|Expenditure|(Losses)|2020|
|**Designated funds**||||||
|Property fund|297,746|−|||297,746|
|The Lady Willingdon Bequest|65,052|651|||65,703|
|The Lady Miranda Emmet Fund|4,226|42|||4,268|
|Patricia Lindsay Bequest|19,721|197|−||19,918|
|Norman Laurens Bequest|33,603|336|||33,939|
|Trophies −insurance claim|4,685||||4,685|
||425,033|1,226|||426,259|
|**General funds**||||||
|General funds|1,110,618|142,326|(200,523)|(2,191)|1,050,230|
|Total Unrestricted funds|1,535,651|143,552|(200,523)|(2,191)|1,476,489|
|**Restricted funds**|Balance at||||Balance at|
||1 January|||Gains!|31 December|
||2020|Income|Expenditure|(Losses)|2020|
||**E**|**£**|**£**|**£**|**f**|
|HOYS Fund|8,706|395|||9,101|
|The Mary Russell Fund|61,557|616|||62,173|
|Welfare Fund|1,565|736|(500)||1,801|
||71,828|1,747|(500)||73,075|
|Total o f funds|1,607,479|145,299|(201,023)|(2,191)|1,549,564|





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||Balance at||||Balance at|
|---|---|---|---|---|---|
||1 January|||Gains!|31 December|
||2021|Income|Expenditure|(Losses)|2021|
||E|f|f|f|f|
|Designated funds|426,259|618|||426,877|
|General funds|1,050,230|214,500|(248,214)|43,206|1,059,722|
||1,476,489|215,118|(248,214)|43,206|1,486,599|
|Restricted funds|73,075|11,033|(10,982)|−|73,126|
||1,549,564|226,151|(259,196)|43,206|1,559,725|
|**SUMMARY OF FUNDS −PRIOR YEAR**||||||
||Balance at||||Balance at|
||1 January|||Gains /|31 December|
||2020|Income|Expenditure|(Losses)|2020|
||f|f|f|f|f|
|Designated funds|425,033|1,226|0|−|426,259|
|General funds|1,110,618|142,326|(200,523)|(2,191)|1,050,230|
||1,535,651|143,552|(200,523)|(2,191)|1,476,489|
|Restricted funds|71,828|1,747|(500)||73,075|
||1,607,479|145,299|(201,023)|(2,191)|1,549,564|



## 

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||Restricted|Unrestricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2021|2021|2020|
||f|f|f|
|Tangible fixed assets|−|545,423|545,423|
|Fixed asset investments|−|283,554|283,554|
|Current assets|73,126|727,444|800,570|
|Creditors due within one year||(69,822)|(69,822)|
||73,126|1,486,598|1,559,725|





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|**ANALYSIS OF NET ASSETS BETWEEN FUNDS − **|**PRIOR YEAR**|||
|---|---|---|---|
||Restricted|Unrestricted|Total|
||funds|funds|funds|
||2020|2020|2020|
||£|£|£|
|Tangible fixed assets||558,254|558,254|
|Fixed asset investments||240,348|240,348|
|Current assets|73,075|749,212|822,287|
|Creditors due within one year||(71,325)|(71,325)|
||73,075|1,476,489|1,549,564|



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||2021|2020|
|---|---|---|
|Net income/(expenditure) for the year (as per Statement of Financial|||
|Activities)|10,161|(57,915)|
|**Adjustment for:**|||
|Depreciation charges|14,325|12,983|
|Losses / (gains) on investments|(43,206)|2,191|
|Dividends, interest and rents from investments|(3,733)|(13,049)|
|(Increase) / decrease in stocks|2,213|(2,576)|
|Decrease / (increase) in debtors|13,226|(1,486)|
|(Decrease) / increase in creditors|(1,503)|41,060|
|Net cash used in operating activities|(8,517)|(18,792)|



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|**ANALYSIS OF CASH AND CASH EQUIVALENTS**|||
|---|---|---|
||2021|2020|
|Current asset investments|714,720|242,527|
|Cash at bank|54,156|532,627|
|Total|768,876|775,154|



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