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2024-12-31-accounts

Registered number: 0932347 Charity number: 213366

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

UNAUDITED TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

CONTENTS

Page
Trustees, Legal and Administrative Information 1
Trustee's Report 2
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12
Statement of Cash Flows 13
Notes to the Financial Statements 14

Index

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Chairman of Council Mrs C Sussex Immediate Past Chairman of Council Mrs J Lowe

TRUSTEES

Retire for the 2025 Election Retire for the 2026 Election Retire for the 2027 Election Mrs F Atkinson Mrs F Grant Chivers Mrs P Bowles Mrs R McCormick Mrs D Gambrill Mrs I Compton Mrs N Meredith Mrs J Lowe Mrs JM Crozier Mrs C Sussex Mrs T Hateley Patrons HRH Princess Michael of Kent HH Sheikh Hamdan Bin Zayed Bin Sultan Al Nahyan HRH The Princess Alia al Hussein of Jordan Honorary President Mr G Stevenson Immediate Honorary Past President Mrs C Rowell Honorary Governors HRH The Princess Alia al Hussein of Jordan HRH The Princess Muna al Hussein of Jordan Mrs DM Campbell The Hon FB Guinness Mrs N Meredith Mrs A Hedley Mrs JFD Trimingham Mrs J Maxwell Mr P Upton Mr AR McLeod Mrs D Whittome

REFERENCE AND COMPANY ADMINISTRATIVE DETAILS OF THE COMPANY AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

Company registered number 0932347 Charity registered number 213366 Registered office Agriculture House Principal operating office Agriculture House Charnham Lane Charnham Lane Hungerford Hungerford Berkshire Berkshire RG17 OEY RG17 OEY

Honorary Treasurer Mrs P Bowles

Accountants

Bankers

Solicitors

Fawcetts CAF Bank Gardner Leader Windover House 25 Kings Hill Avenue Market Place St Ann Street Kings Hill Newbury Salisbury West Mailing Berkshire Wiltshire SP1 2DR Kent ME19 4JQ RG14 5BA

Page 1

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees (who are also directors of The Arab Horse Society for the purposes of company law) present their annual report together with the financial statements of The Arab Horse Society for the year ended 31 December 2024. The Trustees confirm that the annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

STRUCTURE AND GOVERNANCE

Constitution and organisation structure

The Arab Horse Society (the Society) is registered as a charitable company limited by guarantee (company number 0932347) and, having no share capital, was set up by a Memorandum of Association. It is also a registered charity (number 213366).

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

Recruitment, appointment, induction and training of Trustees

The Trustees, who are Council Members, are democratically elected by the members. One third retiring each year but eligible for re-election. New Trustees at the first Council meeting after the AGM sign a declaration accepting their responsibility as defined by The Charity Commission and according to the Society Memorandum and Articles. Detailed minutes are kept of all the deliberations of the Council, its committees and its subcommittees. These minutes enable newly elected Trustees and committee members to appraise themselves of the Society's position.

Risk management

The Council has in place a number of measures to mitigate the major strategic business and operational risks

Risk Mitigation Poor weather significantly impacts cancellation of events Insurances are in place to cover any financial outside of the Society's control. liability should the show or other events be cancelled. The reserves policy reflects the need to continue to operate after a poor year. A procedure is in place to deal with disciplinary Employment law failure actions relating to members of staff to include professional advice if required. A staff handbook has been issued. Contracts are reviewed on an annual basis with staff assessments.

Page 2

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

General H&S

The charity seeks professional advice as and when required, there is a H&S handbook and risk assessments are carried out on all activities.

Business continuity failure

A business continuity plan is updated on an annual basis to address any contingency.

OBJECTIVES AND ACTIVITIES

Principal Activities

The principal activities of the Society are to promote the breeding and importation of Pure Bred Arabian horses and to continue the introduction of Arab blood into light horse breeding, to promote and facilitate the acquisition and distribution of knowledge and to address the matter of welfare and cruelty to horses and ponies.

There have been no changes in the objectives since the last annual report.

Public Benefit

The Trustees have considered the Charity Commission's guidance on public benefit and fee charging when setting their objectives for the year. The objects of the Society and its main activities and achievements are very largely coincident as follows:

The Society works towards the preservation of the ancient race of Arab horse by meticulous record keeping and scrupulous examination of the pedigrees of imported animals, enabling the informed selection of these bloodlines for introduction to light horse breeding and purebred breeding programmes. Registration fees of Part Bred Arabians are set at a highly competitive rate to encourage the continued recording and breeding of horses of Arabian descent.

The Society has ensured the continuance of classes for Pure Bred Arabian horses at the prestigious Horse of the Year Show by financial support and arranging for sponsorship of the classes.

The Society seeks to prevent cruelty in horses and ponies by the work of its welfare officer and their network who are in touch with problem situations all over the country. A twice yearly magazine is published with educational articles and those on issues of welfare.

The website continues to provide Members and the general public with informative and useful information on a range of subjects from welfare, guidance on horse ownership, events, shows and seminars.

The Society works towards assisting young people by providing opportunities for membership and competition. Junior members receive greatly subsidised fees. Educational opportunities are organised with publications and with courses for tuition and training.

The Future

The Trustees have a three year plan setting out the vision and activities to take the work of the Society forward into the future. This plan will be reviewed and amended on an annual basis.

Page 3

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

ACHIEVEMENTS AND PERFORMANCE

Public Relations and Marketing Committee

The Public Relations & Marketing Committee is responsible for promoting the Society’s activities both to members and the larger equestrian community and also to encourage the use of Arabian blood into light horse and performance horse breeding. The sale of Arab horse related items raises the profile of the Society and provides educational publications so helping to meet the Society`s charitable aims and objectives.

The Society now has a new website. After a lot of development work the website launched early in 2024. It presents all the information you need to register a horse, show a horse, information on judges and officials, welfare and much more. Once again two high quality magazines were produced in a challenging financial period for everyone. We are grateful for the support of those members who have advertised.

Meeting and greeting members and non members in the AHS marquee at the National Championship Show in July, gives everyone the opportunity to communicate face to face and hear what members think and what they want from the Society. The open meeting at the Show, with a great attendance, offers members a platform to give their views with plenty of suggestions for us to consider.

The Committee is responsible for organising the very popular Performance Horse Awards, rewarding horses competing in all disciplines in an open field, which demonstrate just how versatile the Arab breed is. The Performance Horse Awards incorporates the Winter Dressage Championship. The Committee thanks the event sponsors for their continued and generous support.

There is so much more we would like to achieve so welcome anyone with enthusiasm, ideas and useful skills, to join our team.

to join our team.
Membership 2024 2023 2022 2021 2020
Single Member 449 512 559 554 529
Double Members *2 Persons 136 144 152 103 152
Life Members 381 401 418 429 440
Silver Members — previously Associate 19 23 16 17 18
Bronze Members — previously Junior 238 245 227 204 163
Overseas — Single 10 10 16 17 17
Overseas — Double 2 2 2 2 4
Overseas — Life 37 39 32 32 40
Overseas — Silver 1 1 1 1 1
Overseas — Bronze 4 45 4 6 8
Total Membership 1277 1422 1427 1365 1372
Total Members 1415 1568 1579 1470 1528

Page 4

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

TRUSTEES' REPORT (continued)

FOR THE YEAR ENDED 31 DECEMBER 2024

Shows and Events Committee

The Shows and Events Committee promote the Pure Bred, Part Bred and Anglo Arab through competitions, seminars and training days throughout the year.

The National Championship Show and the British Arabian Championships are both very important features of the Society’s calendar and rely on the dedicated commitment of Committee Members, Volunteers, and Society members for their continued success. This year the British Arabian Championships was held at a new venue to generate more interest.

The committee work to also enable and support the ridden Arabian classes at The Horse of The Year Show and co-ordinate working with the British Dressage to promote the British Arabian Championships.

National Championship Show 2024 2023 2022 2021 2020
Pure Bred Arabs 272 330 318 271 -
Anglo Arabs 8 6 8 6 -
Part Bred Arabs 62 35 38 50 -
Open & Special Classes 80 131 145 161 -
Dressage 43 42 42 38 -
Total Entries 465 544 551 526 -
Exhibitors 144 155 141 181 -
Horses 215 225 267 266 -

Judges and Training Committee

Formerly under the auspices of the Shows & Events Committee the Judges & Training Committee was created in 2024 with the remit of managing judges, judges training and education in general and fulfils this aspect of the Society’s charitable objectives. This year saw the first “virtual” Judges Seminar being organised using video conferencing with an increase in the number of attendees. A judge’s examination was organised with each candidate continuing to move forward to further training.

Stud Book and Registration

The statistics summarise our activities for the year; our breeding numbers are once again not encouraging. However, to date we have managed to comply with the time factors as required by DEFRA, subject to the correct forms being submitted in a timely fashion, although once again there are many pending registrations due to late submissions.

The number of imports /exports are very low. Sadly, France offers prize money to breeders and we have seen a move to France on the increase. We believe that also Brexit regulations from both sides of the channel cause much frustration and cost, also the nonstop worry over the continued economic downturn has had its effect on breeding across the breeds. There are still perceived difficulties and more expense with the additional government rules for import and export as well as for shipped semen.

Once again, the Committee was involved on the topic of DEFRA/826 Equine Stud Books Association consultation on Horse Identification which has been going on for nearly 2 years. Finally, we are pleased to report that, on 30th. October 2024, the Chancellor of the Exchequer presented her Autumn Statement and the outcome of the first phase of her Spending Review. Due to the considerable pressures on public finances and the government clear priorities, the result is that DEFRA are currently unable to progress with the delivery of a digitised equine identification system.

Page 5

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

The Performance Premium Scheme has had a successful year with the progeny, especially in endurance. With the loss of a staff member this year, we must thank our registration office for going above and beyond at work. The new breeding system is being successfully used by some but not all our breeders.

Registrations 2024 2023 2023 2022 2021 2020
Pure Bred Arabs 136 213 270 278 225
Anglo Arabs 18 11 17 12 15
Part Bred Arabs 183 187 203 178 132
Total Registrations 337 411 490 468 372
Transfers of Ownership 439 441 477 627 618
Imports Registered 21 57 37 46 50
Exports Registered 81 105 136 165 85
Stallions Licensed/Entered 38 25 25 39 36
Exports 2024 Imports 2024
Bahrain 4 Bahrain 1
Belgium 3 Belgium 6
Canada 1 Denmark 1
France 31 France 6
Germany 4 Germany 3
Iran 2 Netherlands 2
Norway 1 USA 2
Oman 13
Poland 1
Qatar 3
Saudi Arabia 7
Spain 5
Sweden 1
Turkey 1
UAE 4
Total 81 Total 21

Page 6

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

FINANCIAL REVIEW

Financial review for the year

The charity's income was £229,977 for the year ending December 2024 compared to £222,875 in the year ending December 2023.

Total expenditure was £261,403 compared to £290,066 for the year ending December 2023.

The unrestricted funds carried forward at 31st December were £1,356,118 which includes £449,750 of designated funds. Restricted reserves stood at £74,417 on the 31st December 2024. The full statement of the financial activities is contained within the report on the pages of Financial Activities incorporating Income and Expenditure Account.

Like so many charities the Society faces falling income and this continues to affect what has been possible in 2024. Despite these problems the Society remains focused on its objectives to support the Arabian horse, its use in light horse breeding and the welfare of all equines.

The Society ran both the National Championship Show and the British Arabian Championships which showcase and promote the breed. This also supports membership income as it encourages members to re-join the Society. The support of our members in their commitment to renew their membership annually thus helping achieve the aims of the Society in what it does is considered by the Trustees to be essential and is greatly appreciated.

The Trustees are very mindful of the cost effective operation of Agriculture House. Work continues to modernise and streamline processes to reduce overall running costs. Staff numbers reduced this year through rationalisation due to the new on-line registration system. The Trustees greatly value the co-operation of the staff during this period of extended bedding in.

The operating loss this year is of great concern and without significant improvement is unsustainable. The effects of a reduction in the number of horses being registered and the ongoing economic troubles is likely to continue to affect our finances for 2026. Our share investment performed fairly well this year and, due to high interest rates, the interest achieved on bank and investment funds exceeded expectations being the highest for a number of years.

All of the activities and events we undertake are an essential part of our income stream and as such careful management of the Societies finances will be needed for some time to come. However, for the time being the Society remains in a sound financial position.

Page 7

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

RESERVES POLICY

The Council has established a policy of maintaining a level of unrestricted free reserves which ensures that there are adequate funds to meet all current and known future liabilities. In practice the Council considers that holding unrestricted free reserves equivalent to between 6 to 12 months' core costs, excluding those funds represented by fixed assets, should provide sufficient resources to respond to unexpected adverse changes in the Society's funding or activities. This is equivalent to between £69,000 and £138,000 based on current costs. At 31 December 2024 there were free reserves of £85,554.

INVESTMENTS POLICY

The Memorandum and Articles of Association provide that the Society invests monies not immediately required for its own purposes in or upon such investments, securities or properties, as may be thought fit.

A portion of the Society monies are invested in CCLA Investment Fund and M&G Charifund Accumulation Units, both of which are highly reputable, specialist, charity investment fund managers. These funds have increased in value by 7% over the year returning an unrealised gain of £19,640 (2023: £22,896).

COUNCIL MEMBERS' LIABILITY

The liability of each member is limited to the annual subscription for an ordinary member in the event of the charity being wound up.

GOING CONCERN

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

Page 8

THE ARAB HORSE SOCIErY (A Company Llmlted by Guarantee) TRUSTEES, REPORT Icontlnuedl FOR THE YEAR ENDED 310ECEMBER 2024 TRUSTEES, RESPONSIBIUTIES STATEMENT The Trustees (who are also directors of The Arab Horse Soclety for the purposes of company law are responsible for preparlng the Trustees, Report and the financial statements in accordance with applicable law and Unlted Klngdom Accountlng Standards Iunited Kin8dom Generally kcepted Ac¢ountlng Practice). Company law wulres the Trustees to prepare financlal statements for each financial year. Under company law the Trustees must not approve the flnanclal ststements unless they are satisfied that they gNe a true and fair view of the State of affairs of the charttable company and ol the Incomin8 resources and application of sourtÈs, includlng thè Intome and expendlture. of the char￿able company for that perlod. In preparing these financial statements, the Trustees are required to.. *lect suitable accounting polities and then apply them conslstet)tly,' observe the methods and prSncSples In the Charltles SORP: make judgments and accounting estimates that are reasonable and prudent.. prepare the financial staternents on the going ¢on¢ern basis unless it 15 inappropriate to presume that the tharitable company wlll tontlnue in operatlon. The Trustees are ￿SpOnSIble for keeping adequate accounting records that are sufficlent to show and explain the charitable company'5 tr3n5actions and dssc105e with reasonable accuracy at any time the financlal position of the charltable company and enable them to ensure that the financial Statements comply wSth the Companies Act the 2￿6. They are also responsible for safeguarding the assets of thè charttable company and hence for taklng reasonable steps for the preventlon and detertlon of fraud and other irre8ularitles. Thls report Was approved bythe Trustee5, on ................................................. and slgned on their behalf by Mrs C Sussex (Chairman) Page 9

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ARAB HORSE SOCIETY (the 'company')

I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 December 2024.

This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters 1 am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.

RESPONSIBILITIES AND BASIS OF REPORT

As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

INDEPENDENT EXAMINER'S STATEMENT

I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: …........................................................ Dated: Simon Ellingham FCA DChA Fawcetts LLP Windover House, St Ann Steet, Salisbury, SP1 2DR

….....................................................18 March 2025

Page 10

THE ARAB HORSE SOCIETY

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOME FROM:
Donations and legacies
2
Charitable activities
4
Investments
3
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
5
TOTAL EXPENDITURE
NET INCOME / (EXPENDITURE) BEFORE
INVESTMENT GAINS/(LOSSES)
Net (losses) / gains on investments
11
NET INCOME / (EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS AND LOSSES
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Prior year adjustment
Total funds brought forward as restated
Net movement in funds
TOTAL FUNDS CARRIED FORWARD
Total funds brought forward as previously
reported		 Restricted
Unrestricted
Total
Total
funds
funds
funds
funds
2024
2024
2024
2023
£
£
£
£
844
71,838
72,682
65,165
12,580
125,001
137,581
143,520
1,348
18,366
19,714
14,190
14,772
215,205
229,977
222,875
12,333
249,070
261,403
300,376
12,333
249,070
261,403
300,376
2,439
(33,865)
(31,426)
(77,501)
-
19,640
19,640
22,896
2,439
(14,225)
(11,786)
(54,605)
2,439
(14,225)
(11,786)
(54,605)
71,978
1,360,033
1,432,011
1,486,616
-
(10,310)
(10,310)
-
71,978
1,349,723
1,421,701
1,486,616
2,439
(14,225)
(11,786)
(54,605)
74,417
1,335,498
1,409,915
1,432,011

Page 11

THE ARAB HORSE SOCIETY IA Company Limited by Guarantee) REGISTERED NUMBER: 0932347 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note FIXEDASSErs Tangible assets Investments io li 499,284 311,220 810,504 514,109 291.580 805,689 CURRENT ASSEtS Stotks Debtors Investments Cash at bank and in hand 12 13 13,078 14,792 311,471 322,146 12,619 23.376 298,346 336,393 14 661N7 670,734 CRÉDITORS.. amounts falling due within one year Is 151.766) IH,4121 NET CURRENT A￿Er5 609.721 626.322 TOTAL ASSEfs iESS CURRENT UABJLMES IN20,225 1.432,011 CREDITORS: anv)unts fallin8 due after more than one year NET ASSETS 1,420,225 1.432.011 CHARITY FUNDS Restrfcted fund5 Llnrestritted funds 17 17 74,417 1,345,808 71,978 1,360.033 TOTAL FUNDS 1,420,225 1.432.011 The cornpany's financial statements have been prepared in accordance wlth the provlglons appllcable to companles subject to the small companies regime. The Trustee5 consider that the company is entftled to exemptlon from the requlrement to have an audit under the pro￿s1OnS of 5ertion 477 of the Companles Act 20061"the Act") and members have not rèquired the company to obtain an audit forthe year In questlon In accordance wlth sectlon 476 of the Art. The Trustee5 acknowledge their responslbllltles for complylng w￿h the requlrements of the Companles Act 2LK)6 wlth respect to accountlng records and the preparatlon of ffinanclal ttatements. The flnanclal statements were approved and authorlsed for Issue by the TnJstee5 on12 d4L.N JGJSand slgned on thelr behaK, bv.. Mrs C Suswx Ichalrman) Page 12

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Cash flows from operating activities
Net cash used in operating activities
19
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of tangible fixed assets
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward
20		 2024
£
(20,836)
19,714
0
19,714
(1,122)
634,739
633,617		 2023
£
(83,320)
14,190
0
14,190
(69,130)
703,869
634,739

Page 13

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Arab Horse Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

Having reviewed the funding facilities available to The Arab Horse Society together with the expected on-going demand for services, the Trustees have a reasonable expectation that the company has adequate resources to continue its activities for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

1.2 Company status

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to the annual subscription per member of the company.

1.3 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

1.4 Income

All incoming resources are included in the Statement of Financial Activities when the company is legally entitled to the income and the amount can be quantified with reasonable accuracy except as follows:

Membership subscriptions are renewed on a 12 month annual basis. All membership income relating to the financial year covered by this report is recorded in the Statement of Financial Activities. Any membership income relating to the subsequent financial year is stated, for accounting purposes, as deferred income.

Life membership subscriptions are recognised as income at the point of receipt per the Charities SORP 2019.

Affiliation fees are accounted for on an accruals basis. Such income relating to a later period is, therefore, carried forward to that period and treated as deferred income in the balance sheet.

Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.

Page 14

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 ACCOUNTING POLICIES (continued)

1.5 Expenditure

Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Charitable expenditure comprises activities undertaken which are directly identifiable as wholly or mainly in support of the Company's objectives. Overheads common to all activities have been apportioned on the basis of time spent by members of staff.

1.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading 'Gains/(losses) on investments' in the Statement of Financial Activities.

1.7 Tangible fixed assets and depreciation

All assets costing more than £200 are capitalised.

Cups and trophies included in fixed assets are shown at cost as they are considered to be inalienable property. The asset has a very long useful life and is not material enough to depreciate.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities incorporating Income and Expenditure Account.

Freehold property is not depreciated as it is considered that the annual depreciation charge and any accumulated depreciation would be immaterial due to the expected high residual value of the property, and the policy to regularly repair and maintain the property.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Cups and trophies - Nil - Office equipment 12.5% reducing balance - Computer equipment 25% straight line - Bespoke software 5% straight line

1.8 Cups and trophies

Existing cups and trophies are included in the Balance Sheet at cost of £500. The current valuation of cups and trophies is £110,000 (2023: £110,000).

1.9 Operating leases

Rentals under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term.

Page 15

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 ACCOUNTING POLICIES (continued)

1.10 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company: this is normally upon notification of the interest paid or payable by the Bank.

1.11 Pensions

The company has arranged a workplace pension scheme covering all its permanent employees to which the company makes a contribution.

1.12 Tax status

The company is registered charity and is not subject to corporation tax on its charitable activities.

1.13 Value added tax

The company is registered for VAT. In common with many other registered charitable companies, The Arab Horse Society's expenses are inflated by VAT, which cannot be recovered in full.

1.14 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slowmoving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

1.15 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.16 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.17 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.18 Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 16

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 ACCOUNTING POLICIES (continued)

1.19 Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable.

Critical accounting estimates and assumptions:

The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Critical areas of judgment:

Tangible fixed assets (see note 10)

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. Residual value assessments consider issues such as the remaining life of the asset and projected disposal values.

2 INCOME FROM DONATIONS AND LEGACIES

Membership subscriptions
General donations
Gift Aid
Shows and events
Total donations and legacies
Total 2023		 Restricted
Unrestricted
Total
Total
funds
funds
funds
funds
2024
2024
2024
2023
£
£
£
£
844
40,059
40,903
41,207
-
4,527
4,527
4,383
-
4,112
4,112
3,580
-
23,140
23,140
15,995
844
71,838
72,682
65,165
929
64,236
65,165

3 INVESTMENT INCOME

STMENT INCOME
Investment income
Total 2023		 Restricted
Unrestricted
Total
Total
funds
funds
funds
funds
2024
2024
2024
2023
£
£
£
£
1,348
18,366
19,714
14,190
331
13,859
14,190

Page 17

THE ARAB HORSE SOCIETY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

4 INCOME FROM CHARITABLE ACTIVITIES

INCOME FROM CHARITABLE ACTIVITIES
Public relations and marketing
Stud book and registration
Shows and events
Judges & Training
Total 2023		 Restricted
Unrestricted
Total
funds
funds
funds
2024
2024
2024
£
£
£
-
3,842
3,842
-
58,465
58,465
12,580
62,184
74,764
-
510
510
12,580
125,001
137,581
10,029
133,491
143,520		 Total
funds
2023
£
5,960
73,848
63,712
-
143,520

5 EXPENDITURE BY CHARITABLE ACTIVITY

Public relations and marketing
Stud book and registration
Shows and events
Judges & Training
Governance costs
Total		 Restricted
Unrestricted
Total
funds
funds
funds
2024
2024
2024
£
£
£
73
53,476
53,549
-
107,050
107,050
12,260
77,447
89,707
-
2,719
2,719
-
8,378
8,378
12,333
249,070
261,403		 Total
funds
2023
£
63,688
118,252
98,081
-
10,045
290,066

6 ALLOCATION OF SUPPORT COSTS TO ACTIVITIES

Included within the figures above are the following support costs.

Staff costs
Printing, postage and telephone
Depreciation
Legal and professional
Office costs
Computer support
Travel, training and conferences
Other costs
Total support costs		 2024
£
53,086
6,230
2,321
10,805
8,272
6,633
100
4,291
91,738		 2023
£
84,527
10,869
2,463
10,035
8,394
9,066
150
4,735
130,239

Page 18

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Allocated as follows:

Public relations and marketing
Stud book and registration
Shows and events
Judges & training
Governance
Total		 2024
2023
£
£
20,642
29,304
55,042
78,143
9,174
16,280
2,293
-
4,587
6,512
91,738
130,239

Support costs are the costs of central management. All other costs are apportioned to activities on a per capita basis.

7 GOVERNANCE COSTS

GOVERNANCE COSTS
Independent Examiner's fees
Annual General Meeting
Council travel
Support costs		 Total
Total
funds
funds
2024
2023
£
£
3,500
3,300
153
64
138
169
4,587
6,512
8,378
10,045

8 PRIOR YEAR ADJUSTMENT

During the year ended 31st December 2024, a prior year adjustment of £10,310 has been recognised for previously never reported partial exemption adjustments. Whilst the adjustments were correctly reported on the appropriate VAT Returns, the reconciling amounts had not been reflected within the Statement of Financial Activities.

Page 19

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Public Relations and Marketing

Income from donations and legacies
Donations
Membership subscriptions
Gift Aid
Income from charitable activities
Arab Horse Society News
Promotions
Expenditure
Membership costs
Arab Horse Society News (including postage)
Promotion
Support costs
Total expenditure
Net surplus / (deficit)		 £
3,479
40,903
4,112
48,494
3,655
187
3,842
13,405
19,302
200
20,642
53,549
(1,213)
2024		 £
193
41,207
3,580
44,980
5,162
798
5,960
14,345
18,907
1,132
29,304
63,688
(12,748)
2023		 £
193
41,207
3,580
44,980
5,162
798
5,960
14,345
18,907
1,132
29,304
63,688
(12,748)
2023
(12,748)

Page 20

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Stud Book & Registration

Income from donations and legacies
Donations
Income from charitable activities
Registration fees (incl. DNA testing)
Exports and imports
Transfer fees
Breed entries and licences
Duplicate certificates
Bloodtyping and DNA analysis
Stud books
Microchips
Other income
Expenditure
Bloodtyping and DNA fees
Printing, postage and stationery
Stud book
Premium scheme costs
WAHO fees
Subscriptions, conference and meeting fees
Travel expenses
Microchips
Other costs
Tekenable costs
Support costs
Total expenditure
Net surplus / (deficit)		 £
1,048
29,057
11,221
10,338
3,072
823
183
989
8
2,774
58,465
6,833
5,156
-
583
1,302
4,627
-
919
10,527
22,061
55,042
107,050
(47,537)
2024		 £
4,190
26,388
24,930
14,184
4,092
1,149
367
175
17
2,546
73,848
8,590
4,145
4,001
573
1,526
2,103
366
946
13,916
3,943
78,143
118,252
(40,214)
2023		 £
4,190
26,388
24,930
14,184
4,092
1,149
367
175
17
2,546
73,848
8,590
4,145
4,001
573
1,526
2,103
366
946
13,916
3,943
78,143
118,252
(40,214)
2023
6,833
5,156
-
583
1,302
4,627
-
919
10,527
22,061
55,042		 8,590
4,145
4,001
573
1,526
2,103
366
946
13,916
3,943
78,143
(40,214)

Page 21

THE ARAB HORSE SOCIETY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Shows & Events

Income from donations and legacies
Donations - AHS National Show
Income from charitable activities
AHS National Show
BACS
Other activities
HOYS Fund
Judges and training
Expenditure
AHS National Show
BACS
Judges and training
Other activities
HOYS Fund
Support costs
Total expenditure
Net surplus / (deficit)		 £
23,140
50,371
8,359
2,974
13,060
-
74,764
57,494
6,072
-
4,707
12,260
9,174
89,707
8,197
2024		 £
15,995
41,916
7,828
2,549
10,029
1,390
63,712
58,250
5,692
1,606
2,998
13,255
16,280
98,081
(18,374)
2023		 £
15,995
41,916
7,828
2,549
10,029
1,390
63,712
58,250
5,692
1,606
2,998
13,255
16,280
98,081
(18,374)
2023
57,494
6,072
-
4,707
12,260
9,174		 58,250
5,692
1,606
2,998
13,255
16,280
(18,374)

Page 22

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

AHS National Show

Income from donations and legacies
Donations - AHS National Show
Income from charitable activities
Entries
Stabling
Sponsorship
Show supporters
Trade stands
Catalogue sales and advertising
Other show income
Expenditure
Showground hire
Grandstand hire and PA equipment
Sponsors Tent
Stewards and DCs (lodging, food & expenses)
Judges (lodging, food & expenses)
Staff
Printing and postage (schedule & catalogue)
Rosettes
Affiliation fees and subscriptions
Security
Medical cover
Trade stands
Insurance
Live streaming
Other expenses
Total expenditure
Net surplus / (deficit)		 £
23,650
14,126
25,400
3,500
1,049
706
1,370
155
46,306
18,316
570
2,401
3,165
5,386
5,000
624
3,168
810
2,316
1,800
575
500
-
12,863
57,494
12,462
2024		 £
15,995
14,983
21,468
3,040
976
580
593
278
41,918
13,502
520
8,896
4,580
5,718
5,000
1,106
4,577
432
4,048
1,800
428
500
4,450
2,694
58,251
(338)
2023		 £
15,995
14,983
21,468
3,040
976
580
593
278
41,918
13,502
520
8,896
4,580
5,718
5,000
1,106
4,577
432
4,048
1,800
428
500
4,450
2,694
58,251
(338)
2023
18,316
570
2,401
3,165
5,386
5,000
624
3,168
810
2,316
1,800
575
500
-
12,863		 13,502
520
8,896
4,580
5,718
5,000
1,106
4,577
432
4,048
1,800
428
500
4,450
2,694
(338)

Page 23

THE ARAB HORSE SOCIETY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Judges & Training

Income from donations and legacies
Donations
Income from charitable activities
Judges Assessment
Judges Seminar
Expenditure
In Hand & Ridden Assessments
Judges Seminar
Advertising
Support costs
Total expenditure
Net surplus / (deficit)		 £
-
200
310
510
301
75
50
2,293
2,719
(2,209)
2024		 £
-
-
-
0
-
-
-
-
-
0
2023		 £
-
-
-
0
-
-
-
-
-
0
2023
301
75
50
2,293		 -
-
-
-
0

Page 24

THE ARAB HORSE SOCIETY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

8 NET INCOME/(EXPENDITURE)

This is stated after charging:

NET INCOME/(EXPENDITURE)
This is stated after charging:
2024 2023
£ £
Depreciation of tangible fixed assets:
- owned by the charity 14,825 15,180
Independent Examiner's fees 3,500 3,300

During the year, no Council Members received any remuneration (2023 - £NIL). During the year, no Council Members received any benefits in kind (2023 - £NIL). During the year, no Council Members received reimbursement of expenses (2023 - £320).

9 STAFF COSTS

Staff costs were as follows:

STAFF COSTS
Staff costs were as follows:
Wages and salaries
Social security costs
Other pension costs		 2024
£
51,449
942
695
53,086		 2023
£
78,803
9,052
1,672
89,527

The average number of persons employed by the company during the year was as follows:

Stud book
Administration and support		 2024
No.
2
1
3		 2023
No.
3
1
4

No employee received remuneration amounting to more than £60,000 in either year.

Page 25

THE ARAB HORSE SOCIETY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

10 TANGIBLE FIXED ASSETS

Cost
At 1 January 2024
Additions
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
Cost
At 1 January 2024
Additions
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Office
Weatherbys
Freehold
Property
equipment &
Computer
bespoke
property
improvements
trophies
equipment
systems
£
£
£
£
£
297,746
11,762
55,204
176,123
325,533
-
-
-
-
-		 Office
Weatherbys
Freehold
Property
equipment &
Computer
bespoke
property
improvements
trophies
equipment
systems
£
£
£
£
£
297,746
11,762
55,204
176,123
325,533
-
-
-
-
-
297,746
11,762
55,204
176,123		 325,533
-
5,301
53,627
175,269
-
923
197
854		 118,062
12,851
-
6,224
53,824
176,123		 130,913
297,746
5,538
1,380
-		 194,620
297,746
6,461
1,577
854		 207,471
Total
£
866,368
-
866,368
352,259
14,825
367,084
499,284
514,109

Page 26

THE ARAB HORSE SOCIETY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

11 FIXED ASSET INVESTMENTS

Market value
At 1 January 2024
Revaluations
At 31 December 2024
Listed securities at market value comprise
CCLA Charity investment fund
M&G Securities
12 STOCKS
Promotions and general publications
Publications - news and books
Publications - stud book
Microchips
Rosettes
13 DEBTORS
Trade debtors
Prepayments and accrued income
14 CURRENT ASSET INVESTMENTS
Investments		 2024
£
177,573
133,647
311,220
2024
£
317
2,438
4,866
1,613
3,844
13,078
2024
£
820
13,972
14,792
2024
£
311,471		 Listed
securities
£
291,580
19,640
311,220
2023
£
168,977
122,603
291,580
2023
£
505
2,495
2,080
2,533
5,006
12,619
2023
£
620
22,756
23,376
2023
£
298,346

Page 27

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15 CREDITORS: Amounts falling due within one year

CREDITORS: Amounts falling due within one year
Trade creditors
Other creditors
PAYE
VAT
Accruals
Deferred income		 2024
£
30,264
8,377
833
845
8,624
2,823
51,766		 2023
£
21,186
11,288
1,357
134
7,721
2,726
44,412

16 DEFERRED INCOME

DEFERRED INCOME
Balance b/f
Income released in the year
Deferred income received - memberships and other fees
Trophy deposits
Total		 2024
£
2,726
(2,726)
1,003
1,820
2,823		 2023
£
2,897
(2,897)
1,406
1,320
2,726

Page 28

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

17 STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

Designated funds
Property fund
The Lady Willingdon Bequest
The Lady Miranda Emmet Fund
Patricia Lindsay Bequest
Norman Laurens Bequest
June Rickers Chambers Bequest
Trophies - insurance claim
General funds
General funds
Total Unrestricted funds
Restricted funds
HOYS Fund
The Mary Russell Fund
Welfare Fund
Total of funds		 Balance at
Balance at
1 January
Gains /
31 December
2024
Income
Expenditure (Losses)
Transfers
2024
£
£
£
£
£
297,746
-
-
297,746
66,694
1,334
-
68,028
4,333
88
-
4,421
20,217
405
-
20,622
34,450
689
(3,280)
31,859
21,946
443
-
22,389
4,685
-
-
4,685
450,071
2,959
(3,280)
-
-
449,750
909,962
212,246
(245,790)
19,640
-
896,058
1,360,033
215,205
(249,070)
19,640
-
1,345,808
Balance at
Balance at
1 January
Gains /
31 December
2024
Income
Expenditure (Losses)
Transfers
2024
£
£
£
£
£
4,567
12,580
(12,260)
-
-
4,887
62,790
1,256
(73)
-
-
63,973
4,621
936
-
-
-
5,557
71,978
14,772
(12,333)
-
-
74,417
1,432,011
229,977
(261,403)
19,640
-
1,420,225

Designated funds

The property fund represents the cost of freehold property used by the Charity. This fund is therefore not available for redeployment.

The Lady Willingdon Bequest, the Lady Miranda Emmet Fund, the Patricia Lindsay Bequest, the Norman Laurens Bequest and the June Rickers Chambers Bequest are to be used at the Trustees discretion for projects for the future development of the Charity.

General funds

General funds comprise those free reserves which the Council is permitted to use in accordance with the charitable objects of the Charity at their discretion.

Restricted funds

Restricted funds represent amounts received for specific purposes, which have not yet been fully spent on those purposes at the year-end. Each of the funds is described in more detail:

Page 29

THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

17 STATEMENT OF FUNDS (continued)

The HOYS Fund

The purpose of this Fund is to support the continuation of Arabian classes at Horse of the Year Show. In the unusual situation of not being able to use this fund for this purpose i.e. HOYS ceasing to exist, this fund will be used for the promotion of the Ridden Arabian.

The Mary Russell Fund

The purpose of this Fund is for the encouragement and promotion of Junior Members and the Ridden Arabian, and for purposes as near thereto as circumstances permit.

Welfare Fund

The Welfare Fund was established to enable the Society to fulfil its objects to prevent cruelty to horses and ponies.

STATEMENT OF FUNDS - PRIOR YEAR

Designated funds
Property fund
The Lady Willingdon Bequest
The Lady Miranda Emmet Fund
Patricia Lindsay Bequest
Norman Laurens Bequest
June Rickers Chamber Bequest
Trophies - insurance claim
General funds
General funds
Total Unrestricted funds
Restricted funds
HOYS Fund
The Mary Russell Fund
Welfare Fund
Total of funds		 Balance at
Balance at
1 January
Gains /
31 December
2023
Income
Expenditure
(Losses)
Transfers
2024
£
£
£
£
£
297,746
-
-
-
297,746
66,362
332
-
-
66,694
4,311
22
-
-
4,333
20,117
100
-
-
20,217
34,279
171
-
-
34,450
-
-
-
-
21,946
21,946
4,685
-
-
-
4,685
427,500
625
-
-
21,946
450,071
986,086
210,960
(288,034)
22,896
(21,946)
909,962
1,413,586
211,585
(288,034)
22,896
-
1,360,033
Balance at
Balance at
1 January
Gains /
31 December
2023
Income
Expenditure
(Losses)
2024
£
£
£
£
£
6,798
10,029
(12,260)
-
4,567
62,559
313
(82)
-
62,790
3,674
947
-
-
4,621
73,031
11,289
(12,342)
-
71,978
1,486,617
222,874
(300,376)
22,896
1,432,011

Page 30

THE ARAB HORSE SOCIETY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

SUMMARY OF FUNDS - CURRENT YEAR

Balance at Balance at
1 January Gains / 31 December
2024 Income Expenditure (Losses) Transfers 2024
£ £ £ £ £
Designated funds 450,071 2,959 - 3,280 - - 449,750
General funds 909,962 212,246 (245,790) 19,640 0 896,058
1,360,033 215,205 (249,070) 19,640 - 1,345,808
Restricted funds 71,978 14,772 (12,333) - - 74,417
1,432,011 229,977 (261,403) 19,640 - 1,420,225
SUMMARY OF FUNDS - PRIOR YEAR
Balance at Balance at
1 January Gains / 31 December
2023 Income Expenditure (Losses) Transfers 2023
£ £ £ £ £
Designated funds 427,499 626 - - 21,946 450,071
General funds 986,086 210,960 (277,724) 22,896 (21,946) 920,272
1,413,585 211,587 (277,724) 22,896 - 1,370,343
Restricted funds 73,031 11,289 (12,342) - - 71,978
1,486,616 222,876 (290,066) 22,896 - 1,442,321

18 ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year		 Restricted
Unrestricted
Total
funds
funds
funds
2024
2024
2024
£
£
£
-
499,284
499,284
-
311,220
311,220
74,417
587,070
661,487
-
(51,766)
(51,766)
74,417
1,345,808
1,420,225

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THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

18 ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued)

ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year		 Restricted
Unrestricted
Total
funds
funds
funds
2023
2023
2023
£
£
£
-
514,109
514,109
-
291,580
291,580
71,978
608,932
680,910
-
(44,278)
(44,278)
71,978
1,370,343
1,442,321

19 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

2024 2023
£ £
Net income/(expenditure) for the year (as per Statement of Financial
Activities) (11,786) (67,191)
Adjustment for:
Depreciation charges 14,825 15,180
Losses / (gains) on investments (19,640) (22,896)
Dividends, interest and rents from investments (19,714) (14,190)
(Increase) / decrease in stocks (459) (448)
Decrease / (increase) in debtors 8,584 (7,742)
Increase / (decrease) in creditors 7,354 (8,928)
Net cash used in operating activities (20,836) (106,215)
ANALYSIS OF CASH AND CASH EQUIVALENTS
2024 2023
£ £
Current asset investments 311,471 615,693
Cash at bank 322,146 19,046
Total 633,617 634,739

20 ANALYSIS OF CASH AND CASH EQUIVALENTS

21 TRUSTEES' PERSONAL GUARANTEES

The Arab Horse Society is a Company limited by guarantee and has no share capital. The liability of each member being the annual subscription for an ordinary member in the event of the charity being wound up.

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THE ARAB HORSE SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

22 RELATED PARTY TRANSACTIONS

In the normal course of its business the Society may enter into transactions with some of the Trustees of the Society / Board of Management members. All such transactions are on an arms length basis.

During the year two Trustees registered three horses with the Society at a total cost of £375 (2023: one Trustees - £250).

During the year, five Trustees had annual memberships with the Society at a total cost of £293 (2023: six Trustees at a cost of £275). All other Trustees have life memberships.

23 CONTROLLING PARTY

The charity is controlled by its Trustees as listed on page 1.

Page 33