2021-12-31-accounts

Charity number: 278988

The World Arabian Horse Organization

Unaudited

Report and Financial Statements

For the Year Ended 31 December 2021

The World Arabian Horse Organization

Contents

	Page
Reference and Administrative Details of the Charity, its Executive Committee and	1
Advisers
Executive Committee's Report	2 - 6
Independent Examiner's Report	7
Statement of Financial Activities	8
Balance Sheet	9
Notes to the Financial Statements	10 - 25

The World Arabian Horse Organization

Reference and Administrative Details of the Charity, its Executive Committee and Advisers For the Year Ended 31 December 2021

Executive committee	Mr Peter J Pond, President
	Dr Marek Trela, Vice-President
	Mrs Valerie Bunting, Secretary
	Mrs Caroline Sussex, Treasurer
	Mr Sami Jassim Al Boenain
	HRH Princess Alia Al Hussein
	Mr Xavier Guibert
	Mr Basil Jadaan
	Mr Robert Fauls Jr
	Mr Howard W Pike
	Lady Georgina Pelham
	Mr Ali Shaarawi
Charity registered number 278988 Principal office Newbarn Farm Forthampton Gloucester GL19 4QD Executive Secretary Katrina Murray Consultants Mrs Nathalie Weemaels Mr Karsten Scherling Accountants BDO LLP Manchester, UK 3 Hardman Street Manchester M3 3AT Bankers Royal Bank of Scotland Plc Drummond House (F K) Branch 1 Redheughs Avenue Edinburgh Scotland EH12 9JN

Page 1

The World Arabian Horse Organization

Executive Committee's Report For the Year Ended 31 December 2021

The Executive Committee of The World Arabian Horse Organization ("WAHO") submit their report and the financial statements for the year ended 31 December 2021.

Legal and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the constitution of the charity and the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2nd Edition).

Objectives

The World Arabian Horse Organization ("WAHO") is an unincorporated charity whose objectives include:

a) To preserve, improve and maintain the purity of the blood of horses of the Arabian breed and to promote public interest in and the science of the breeding of Arabian horses by continuing the introduction of Arabian blood to the breeding of light horses;

b) To advance education for the benefit of the public; and

c) To promote and facilitate the acquisition and distribution of knowledge in all countries of the history, care and treatment of the Arabian breed.

Countries with purebred Arabian horses which trace to already accepted stud books may apply for Membership of the Organization and for recognition of their own new stud books. Once recognition has been achieved, that country is added to the WAHO Definition and the stud book authority becomes a Registering Authority Member. Each Registering Authority Member is entitled to two voting delegates who may exercise on behalf of that Member all powers of membership in relation to General Meetings of the Organization. Associate Membership is available for any International, National, State, Regional, County or Area Association, Institution or Society, which possesses the object or purpose of the promotion or improvement of the breed of Arabian horse. Associate Members may appoint two observer Delegates to the General Assemblies but do not have voting rights. Individuals, whether or not breeders of Arabian horses, who are interested in the objects of the World Arabian Horse Organization, are eligible to become Individual Associate Members and are welcome as observers at the General Assemblies but do not have voting rights.

Structure, governance & management

The charity is an unincorporated body and is governed by a formal constitution adopted in September 1978.

Page 2

The World Arabian Horse Organization

Executive Committee's Report (continued) For the Year Ended 31 December 2021

Trustees

The members of the Executive Committee (who are also the trustees of the charity) who served during the year were:

• Mr Peter J Pond (President)

• Dr Marek Trela (Vice-President)

• Mrs Valerie Bunting (Secretary)

• Mrs Caroline Sussex (Treasurer)

• Mr Sami Jassim Al Boenain

• HRH Princess Alia Al Hussein

• Mr Xavier Guibert

• Mr Basil Jadaan

• Mr Robert Fauls Jr

• Mr Howard W Pike

• Lady Georgina Pelham

• Mr Ali Shaarawi

Consultants

Mrs. Nathalie Weemaels Mr. Karsten Scherling

Appointment of trustees and consultants

The members of the Executive Committee were appointed by the Voting Members of the Organization during the 2017 General Assembly of the Organization based upon a list of candidates proposed by the Executive Committee. According to the WAHO Constitution Clause 12 (c), the members of the Executive Committee are eligible to continue to hold office until the earliest of their voluntary retirement, or until they are required to vacate office in accordance with the WAHO Constitution Clause 15. The officers of the Executive Committee are appointed from within the Executive Committee by the members of the Executive Committee.

Consolutants to the Execturive Committee are appointed by the Voting Members of the Organization during the General Assembly of the Organization from a list of candidates according to the protocol for the nomination of new Consultants to the WAHO Executive Committee. The fact that a person has been duly approved by Voting Delegates to be a Consultant to the Executive Committee shall be conclusive evidence that such person was eligible for election. Each elected candidate so approved shall take office at the conclusion of the General Meeting, that is, this General Meeting. Individuals elected by the General Meeting as Consultants to the WAHO Executive Committee will be expected to serve two terms but no more than four years, a term being the period between the WAHO General Assemblies, during which time they may be eligible for internal election by the Executive Committee to full Executive Committee membership. In this event, the fact that a person has been correctly nominated and duly elected by the Voting Delegates to be a Consultant to the Executive Committee shall be conclusive evidence that such person was eligible for election and no further vote of the General Meeting will be required to confirm full Executive Committee Membership. It must be understood that to progress from Consultant to full Executive Committee Membership is not automatic. If after two terms but no more than four years, in the exercise of their discretion the Executive Committee does not elect a Consultant to full Executive Committee Membership that individual will stand down and not be eligible for future renomination or re-election. The Executive Committee shall not be bound to give any reason for these decisions. Elected Consultants may be required to vacate office at any time in accordance with clause 15 of the WAHO Constitution.

Page 3

The World Arabian Horse Organization

Executive Committee's Report (continued) For the Year Ended 31 December 2021

Public benefit

The Trustees have given due consideration to Charity Commission published guidance on the operation of the public benefit requirement. Full details of the public benefit provided by the charity are detailed in the developments, activities and achievements section.

Developments, activities and achievements

2021 was a non-Conference year for WAHO. Due to the worldwide Covid-19 pandemic and resulting lockdowns and travel restrictions, the planned WAHO Conference for October 2021 was postponed for one year. The Executive Committee were unable to meet in person but they have kept in communication by email and exercised their constitutional right to take any necessary votes by electronic means on email.

One illustrated Newsletter was prepared, printed and sent out to the full WAHO Membership in January 2021 together with membership renewal forms, which included information about the next planned WAHO Conference, due to be held in October 2022. This had been postponed from October 2021 due to the continuing pandemic situation. The WAHO website is regularly updated with news and useful articles, including information about the WAHO Trophy awards made by our Registering Authority Member countries, an initiative started in 2005 which continues to create positive worldwide publicity for WAHO and the Arabian horse. The important article on research into genetic disorders in the Arabian breed was updated and the 2021 translations into French and Spanish were augmented by a new translation into German.

Our Registering Authority Members and Applying Members were given continued advice and assistance, mainly on applying the WAHO rules for correct registration procedures and the accurate administration of their stud books. Guidance was provided to Registering Authority Members with new and less experienced staff members, including those having difficulties with registration matters for imports and exports. WAHO also continued to assist existing and applying Registered Authority Members with their registration queries and with the preparation and examination of their stud books.

The WAHO Office continued to correspond with our Registering Authority Members, Applying Members, Associate Members and Individual Associate Members, offering advice and answering queries as and when required. WAHO continues to answer a large number of varied queries on Arabian horse-related matters from members of the public world-wide. Through its Executive Committee Members, Executive Secretary, and international membership, WAHO has good contacts with many expert authorities and can therefore answer queries on every aspect of the care and welfare of horses in all different climates and situations. WAHO considers that providing this free information and advice is vitally important, as it fulfils some of the core aims of the Organization, in particular to advance education for the benefit of the public and to promote and facilitate the acquisition and distribution of knowledge in all countries. For individuals anywhere in the world with any query about Arabian horses and every aspect of their history, care, treatment and welfare, it is clear that WAHO remains one of the first points of contact.

During the year WAHO also continued to liaise and communicate with other international bodies including ECAHO, WHIRDEC, ISBC and the EU, especially in regard to EU approval of Third Country Stud Books and to DEFRA's approval of EU Member State Stud Books. WAHO was also represented at important international meetings, held online, related to horses in general and Arabians in particular. Some work also continued on data input for the WAHO World Pedigree Database project, which in due course is intended to provide a valuable educational, research and information resource for the benefit of both WAHO members and the general public.

The Executive Committee actively seek to further develop the Organization and develop and increase the Organization's funding.

Page 4

The World Arabian Horse Organization

Executive Committee's Report (continued) For the Year Ended 31 December 2021

Risk management

The Executive Committee have considered all the major risks faced by the charity, and are satisfied that they have procedures in place to mitigate these. At each of their meetings, the Executive Committee re-examines the potential risks facing the charity and takes action accordingly.

Investment policy

WAHO's investment policy is to maintain our reserves through, and taking advice from, our investment advisors. We look for safe investments together with long term capital appreciation and some annual income.

Financial review

The charity’s income is derived principally from subscriptions, levies, donations and investments. Total incoming resources increased from £122,455 in 2020 to £124,293 in 2021. This was mainly due to an increase in the number of new Life Individual Associate Members. Investment income is unfortunately now very low as interest rates are negligible. Efforts are being made to find better solutions to this problem.

Direct charitable expenditure principally comprises printing and distributing publications and educational materials, communication with members of the organization and members of the public, developing the WAHO database, running the website, and, in some years, travel and meeting costs. This expenditure decreased slightly from the previous year. Office costs decreased slightly compared to the prior year and all other costs remained at much the same levels as in previous years. Direct charitable expenditure in 2021 was £111,119 (2020: £110,330).

No expenses were allocated in 2021 to the Restricted Fund, set aside for the development of the WAHO World pedigree database project. The amount in the Restricted Fund remains unchanged from 2020, at £7,307. The Organization's net movement in funds for the year showed a net gain of £13,174 (2020: £12,125).

The charity has unrestricted carried forward reserves as at 31 December 2021 of £406,861 (2020: £393,687). These reserves are held by the charity in order to cover the administration expenses of the charity in the event of a reduction in fees and levies receivable.

Page 5

The World Arabian Horse Organization

Executive Committee's Report (continued) For the Year Ended 31 December 2021

Going Concern and Post Year End Notice

The detrimental effects of the Covid-19 pandemic on the charity's income mainly affected the loss of the potential income from the WAHO Conference which had been due to take place in October 2021, but which had to be postponed until October 2022. All our Member countries and their owners and breeders were affected to some degree, which in some countries led to a slight drop in the number of foals registered in 2021 and therefore in WAHO's income from Foal Levies, which was reduced by £1,205. The day to day running of the charity was not affected in 2021 and the charity's overall financial situation remains stable. No international travel was undertaken in 2021 by the Executive Committee, who conducted their business electronically. If there is a reintroduction of nationally and internationally imposed control measures, they will consider any future impact on the charity's income and reserves, and the likely impact and potential duration on the future aims and activities of the charity, when discussing their Risk Management and Financial Planning strategies for 2022. As the charity currently remains unaffected, the trustees believe that the going concern basis is appropriate for these accounts.

By order of the Trustees Peter J. Pond President Date

Page 6

The World Arabian Horse Organization

Independent Examiner's Report For the Year Ended 31 December 2021

Independent Examiner's Report to the Executive Committee of The World Arabian Horse Organization ('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 December 2021.

Responsibilities and Basis of Report

As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

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

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

This report is made solely to the Charity's Executive Committee, 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 Charity's Executive Committee those matters I 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 Charity and the Charity's Executive Committee as a body, for my work or for this report.

Signed: Dated: 6 September 2022 Mark Sykes, FCA

BDO LLP Manchester, UK 3 Hardman Street Manchester M3 3AT

Page 7

The World Arabian Horse Organization

Statement of financial activities For the Year Ended 31 December 2021

Note Income from: Charitable activities Investments 5 Other income 6 Total income Expenditure on: Charitable activities 7 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Restricted funds 2021 £ - - - - - - - 7,307 - 7,307	Unrestricted funds 2021 £ 124,134 42 117 124,293 111,119 111,119 13,174 386,380 13,174 399,554	Total funds 2021 £ 124,134 42 117 124,293 111,119 111,119 13,174 393,687 13,174 406,861	Total funds 2020 £ 121,498 861 96
				122,455
				110,330
				110,330
				12,125
				381,562 12,125
				393,687

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 10 to 25 form part of these financial statements.

Page 8

The World Arabian Horse Organization

Balance Sheet As at 31 December 2021

Note Fixed assets Tangible assets 11 Current assets Stocks Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total net assets Charity funds Restricted funds 14 Unrestricted funds 14 Total funds	6,451 42,279 366,214 414,944 (12,299)	2021 £ 4,216 4,216 402,645 406,861 7,307 399,554 406,861	7,483 37,287 350,476 395,246 (6,054)	2020 £ 4,495
				4,495 389,192
				393,687
				7,307 386,380
				393,687

The financial statements were approved and authorised for issue by the Executive Committee on 01 August 2022.

Signed on behalf of the Trustees

P J Pond President C Sussex Treasurer V Bunting Secretary

The notes on pages 10 to 25 form part of these financial statements.

Page 9

The World Arabian Horse Organization

Notes to the Financial Statements For the Year Ended 31 December 2021

1. General information

World Arabian Horse Organization (WAHO) is an unincorporated charity, limited by guarantee, registered in England and Wales and has no share capital. In the event of the charity being wound up, each member is not liable for any amount in excess of the last subscription required by the Executive Committee from such member. The registered address of the charity is detailed in the reference and administrative details page.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 3).

The functional currency of the company is pounds sterling because that is the currency of the primary economic environment in which the company operates. All figures are rounded to the nearest £1.

The World Arabian Horse Organization 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.

The following principal accounting policies have been applied:

2.2 Going concern

The trustees continue to review their plans and forecasts. Taking into consideration the sufficient reserves, they believe that the going concern basis is appropriate.

2.3 Income

Annual subscriptions and levies from Big M members and bank and deposit interest are accounted for on the basis of the amounts due in respect of the accounting period. All other income is accounted for when received.

Investment income is accounted for in the period in which it is received and is shown exclusive of tax deducted or related tax credit.

2.4 Expenditure

All resources expended are included on an accruals basis and are recognised when there is a legal or constructive obligation to pay for expenditure. Costs are directly attributed to one of the functional categories of resources expended in the Statement of Financial Activities where possible.

The Organization is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.

Page 10

The World Arabian Horse Organization

Notes to the Financial Statements For the Year Ended 31 December 2021

2. Accounting policies (continued)

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £100 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment, office - 20% to 25% equipment and furniture

2.6 Stocks

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

2.7 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.

2.8 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.

2.9 Conversion of foreign currencies

All foreign currency receipts are accounted for on the basis of the sterling amounts received on the date of receipt. Any balance receivable in foreign currencies at financial year end are converted into Sterling at the spot rate at year end.

2.10 Financial instruments

The Charity 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.

2.11 Operating leases

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

Page 11

The World Arabian Horse Organization

Notes to the Financial Statements For the Year Ended 31 December 2021

2. Accounting policies (continued)

2.12 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.13 Fund accounting

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

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity 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.

3. 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 under the circumstances.

Critical accounting estimates and assumptions:

The Charity 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.

Page 12

The World Arabian Horse Organization

Notes to the Financial Statements For the Year Ended 31 December 2021

4. Income from charitable activities

Unrestricted funds 2021 £ Big M Members Annual dues 41,850 Foal levy 76,296 118,146 Individual members Life members 5,600 Annual subs and new members 1,530 Associate members 954 8,084 Total 2021 126,230 Total 2020 121,498	Total funds 2021 £ 41,850 76,296 118,146 5,600 1,530 954 8,084 126,230 121,498	Total funds 2020 £ 40,650 77,501
		118,151 - 1,967 1,380
		3,347
		121,498

5. Investment income

Unrestricted funds 2021 £ Bank and other interest receivable 42 Total 2020 861	Total funds 2021 £ 42 861	Total funds 2020 £ 861

Page 13

The World Arabian Horse Organization

Notes to the Financial Statements For the Year Ended 31 December 2021

6. Other incoming resources

Unrestricted funds 2021 £ Sale of certificates and trophies 117 Total 2020 96	Total funds 2021 £ 117 96	Total funds 2020 £ 96

7. Analysis of expenditure by activities

Charitable activities Management and administration Total 2021 Total 2020	Direct costs 2021 £ 2,045 8,302 10,347 12,608	Support costs 2021 £ 75,579 25,193 100,772 97,722	Total funds 2021 £ 77,624 33,495 111,119 110,330	Total funds 2020 £ 75,264 35,066
				110,330

Page 14

The World Arabian Horse Organization

Notes to the Financial Statements For the Year Ended 31 December 2021

7. Analysis of expenditure by activities (continued)

Analysis of direct costs

Charitable activities 2021 £ Printing costs 1,885 Travel costs 160 Exchange loss - Subscriptions - Accountancy - Sundry - Bank charges - Light and heat - IT & software consumables - 2,045 Total 2020 1,972 Analysis of support costs Staff costs Light & heat Phone Office equipment rental and maintenance Postage and stationery Repairs & maintenance IT & software consumables Secretarial Website expenses Rent and rates	Management and administration 2021 £ - - 51 282 4,208 670 744 1,697 650 8,302 10,636	Total funds 2021 £ 1,885 160 51 282 4,208 670 744 1,697 650 10,347 12,608 Total funds 2021 £ 54,392 3,020 2,180 355 2,973 144 594 19,083 292 17,739 100,772	Total funds 2020 £ 1,207 765 (112) 423 6,816 673 893 1,813 130 12,608 Total funds 2020 £ 53,217 2,535 2,217 796 2,844 453 520 18,458 292 16,390 97,722

Page 15

The World Arabian Horse Organization

Notes to the Financial Statements For the Year Ended 31 December 2021

7. Analysis of expenditure by activities (continued)

Support costs have been allocated on the basis of:

75% - Charitable activities

25% - Management and administration

8. Independent examiner's remuneration

	2021	2020
	£	£
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts	3,700	3,700
Fees payable to the Charity's independent examiner in respect of:
All other services not included above	1,800	1,800

9. Staff costs

Wages and salaries Social security costs Contribution to defined contribution pension schemes	2021 £ 50,355 3,044 993 54,392	2020 £ 49,025 3,067 1,125
		53,217

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

	2021	2020
	No.	No.
Employees	2	2

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

Both employees are considered to be key management personnel and their remuneration is set out above.

Page 16

The World Arabian Horse Organization

Notes to the Financial Statements For the Year Ended 31 December 2021

10. Executive Committee's remuneration and expenses

During the year, no Trustee received any remuneration or other benefits (2020 - £NIL).

During the year ended 31 December 2021, no Trustee expenses have been incurred (2020 - £NIL).

11. Tangible fixed assets

Cost or valuation At 1 January 2021 Additions At 31 December 2021 Depreciation At 1 January 2021 Charge for the year At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020	Computer equipment, office equipment and furniture £ 47,672 1,418
	49,090
	43,177 1,697
	44,874
	4,216
	4,495

Page 17

The World Arabian Horse Organization

Notes to the Financial Statements For the Year Ended 31 December 2021

12. Debtors

Trade debtors Other debtors Prepayments and accrued income	2021 £ 34,977 654 6,648 42,279	2020 £ 27,389 920 8,978
		37,287

13. Creditors: Amounts falling due within one year

Other taxation and social security Other creditors Accruals and deferred income	2021 £ 1,759 65 10,475 12,299	2020 £ 1,051 132 4,871
		6,054

Page 18

The World Arabian Horse Organization

Notes to the Financial Statements For the Year Ended 31 December 2021

14. Statement of funds

Statement of funds - current year

Balance at 1 January 2021 £ Unrestricted funds General Funds - all funds 386,380 Restricted funds Restricted Funds - all funds 7,307 Total of funds 393,687 Statement of funds - prior year Balance at 1 January 2020 £ Unrestricted funds General Funds - all funds 374,255 Restricted funds Restricted Funds - all funds 7,307 Total of funds 381,562	Income £ Expenditure £ 124,293 (111,119) - - 124,293 (111,119) Income £ Expenditure £ 122,455 (110,330) - - - (110,330)	Balance at 31 December 2021 £ 399,554
		7,307
		406,861
		Balance at 31 December 2020 £ 386,380
		7,307
		393,687

The restricted fund relates to a donation to support the formation of a WAHO pedigree database.

Page 19

The World Arabian Horse Organization

Notes to the Financial Statements For the Year Ended 31 December 2021

15. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets Current assets Creditors due within one year Total	Restricted funds 2021 Unrestricted funds 2021 £ £ - 4,216 7,307 407,637 - (12,299) 7,307 399,554	Total funds 2021 £ 4,216 414,944 (12,299) 406,861

Analysis of net assets between funds - prior year

Tangible fixed assets Current assets Creditors due within one year Total	Restricted funds 2020 Unrestricted funds 2020 £ £ - 4,495 7,307 387,939 - (6,054) 7,307 386,380	Total funds 2020 £ 4,495 395,246 (6,054) 393,687

16. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions receivable (2020 - payable) by the charity to the fund and amounted to £130 (2020 - £132) were payable to the fund at the balance sheet date and are included in debtors (2020 - creditors).

17. Taxation

The Organization is registered as a UK charity and consequently all income and capital gains arising from its charitable activities are relieved from UK taxation.

Page 20

The World Arabian Horse Organization

Notes to the Financial Statements For the Year Ended 31 December 2021

18. Operating lease commitments

At 31 December 2021 the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

			2021	2020
			£	£
Not later than	1	year	7,800	7,800

19. Related party transactions

For remuneration of key management personnel, see note 9.

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 December 2021.

Page 21

The World Arabian Horse Organization

Notes to the Financial Statements For the Year Ended 31 December 2021

20. Subscriptions from Registering authority members and foal levy

	Subscription	Subscription	Foal Levy
		£	£
Algeria	Office National De Developpement Des Elevages Equins	750	496
Argentina	Stud Book Argentino	750	700
Australia	The Arabian Horse Society of Australia Ltd	750	1,672
Austria	Verband de Vollblutaraber-Zuchter Osterreich	650	200
Azerbaijan	Azerbaijan Arabian Stud Book, Azerbaijan Republic Equestrian Federation	550	100
Bahrain	Royal Arabian Stud of Bahrain	750	580
Belgium	Belgisch Arabisch Paardenstamboek vzw	750	1,016
Brazil	Associação Brasileira dos Criadores do Cavalo Árabe	750	764
Bulgaria	Bulgarian Arabian Studbook Authority	650	200
Canada	Canadian Arabian Horse Registry	650	200
Chile	Sociedad de Fomento Argricola de Temuco	750	592
China (Applying)	China Arabian Horse Association	550	100
Colombia	Asociación Colombiana de Criadores de Caballos Arabe	550	100
Croatia	Croatian Arabian Stud Book	550	100
Czech Republic	Association Purebred Arabian Horses ACHPAK	550	100
Denmark	Dansk Selskab for Arabisk Hesteavl	650	200
Ecuador	Asociación de Criadores de Caballos Arabes del Ecuador	650	200
Egypt	Egyptian Agricultural Organization	750	6,000
Estonia	Estonian Horse Breeders Society, Arab Horse Stud Book	550	100
Finland	Suomen Hippos RY - Finnish Arabian Horse Stud Book	550	100
France	I.F.C.E. - S.I.R.E. Stud Book Français du Cheval Arabe	750	5,316
Germany	Verband der Zuchter des Arabischen Pferdes e.V.	750	1,744
Hungary	Society of Hungarian Arabian Horse Breeders	550	100
Iran	Equestrian Federation of Islamic Republic of Iran, Arabian Horse Stud Book Office	750	2,296
Iraq	Iraqi Arabian Horse Organization	650	200
Israel	Israel Arab Horse Registry	750	3,496
Italy	Associazione Nationale Italiana Cavallo Arabo	750	3,624
Japan	Japan Association for International Racing & Stud Book	550	0
Jordan	The Royal Jordanian Stud Book Authority	650	200
Kazakhstan	Kazakh Association of Purebred Arabian Horses	550	100
Kuwait	Kuwait Arabian Horse Registry	750	2,884
Lebanon	Society for Protection & Improvement of the Arabian Horse in Lebanon	550	100
Libya	Libyan Arabian Horse Breeders Society	650	200
Lithuania	Lithuanian Arabian Horse Breeders Association	550	100
Morocco	Société Royale D’Encouragement Du Cheval	750	2,888
Sub total carried forward		23,050	36,768

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The World Arabian Horse Organization

Notes to the Financial Statements For the Year Ended 31 December 2021

20. Subscriptions from Registering authority members and foal levy (continued)

Sub total brought forward Namibia Arab Horse Breeders Society of Namibia Netherlands Arabische VolbloedpaardenStamboekin Nederland New Zealand New Zealand Arab Horse Breeders Society Inc. Norway Norwegian Arab Horse Society Oman The Royal Cavalry, Arabian Horse Stud Book Pakistan Pakistan Arabian Horse Society Poland Jockey Club of Poland, Polish Arabian Stud Book Portugal Associaçao Portuguesa do Cavalo Árabe Qatar Qatar Arabian Horse Registry, Racing & Equestrian Club Romania Agentia Nationala pentru Ameliorare si Reproductie in Zootechnie Russia The Russian Arabian Stud Book, Association Rosplemkonzavod Saudi Arabia King Abdul Aziz Arabian Horses Center Serbia Serbian Association for Purebred Arabian Horses Slovakia Narodny Zrebcin Topolcianky Slovenia Slovenian Arabian Stud Book Authority South Africa The Arab Horse Society of South Africa Spain Asociación Espanola de Criadores de Caballos Arabes Sweden Swedish Arab Horse Registry Switzerland Schweizer Zuchtgenossenschaft fuer Arabische Pferde Syria Ministry of Agriculture & Agrarian Reform, Arabian Horse Office Tunisia Fondation Nationale D'Amelioration de la Race Chevaline Turkey Turkish Arabian Horse Registry, Ministry of Agriculture Ukraine (Applying) Ukrainian Horse Breeders Association, Arabian Stud Book United Arab Emirates Emirates Arabian Horse Society United Kingdom The Arab Horse Society United States of America The Purebred Arabian Trust, Arabian Horse Association Uruguay Sociedad Criadores de Caballos Arabes del Uruguay Venezuela ASOARABE Total

Subscription Foal Levy £ £ 23,050 36,768 650 200 750 256 650 200 550 100 750 812 550 100 750 2,132 550 100 750 2,992 650 200 750 820 750 6,000 550 100 550 100 550 100 750 292 750 1,760 650 200 550 100 750 560 750 1,844 750 6,000 550 100 750 4,476 750 596 750 6,000 750 1,192 550 100

41,850 74,200

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The World Arabian Horse Organization

Notes to the Financial Statements For the Year Ended 31 December 2021

21. Dues and foal levy included in income not yet paid

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The World Arabian Horse Organization

Notes to the Financial Statements For the Year Ended 31 December 2021

22. Subscriptions from life members

Mr Irtiza Dawood and Mr Ismail Dawood Mr Ahmed Ibrahim Mr Muhammad Ibsar Ul-Haq and Izhar Ul-Haq Sardar Muhammad Shahzad Dogar and Sardar Muhammad Saad Dogar Nasir Ishaq Mailk and Teha Malik Dr Friedmann Reichert Bob and Christine Fauls	2021 £ 800 800 800 800 800 800 800 5,600	2020 £ - - - - - - -
		-

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