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2022-12-31-accounts

The World Arabian Horse Organization Charity Number 278988

Report and Financial Statements

For the Year Ended 31 December 2022

Unaudited

Report and financial statements for the year ended 31 December 2022

The World Arabian Horse Organization

Report and financial statements
for the year ended 31 December 2022
Contents
Page
Reference and Administrative Details of the Charity, its Executive Committee and
Advisers
1
Executive Committee's Report
2 - 5
Trustees' Responsibilities Statement
6
Independent Examiner's Report
7
Statement of Financial Activities
8
Balance Sheet
9
Notes to the Financial Statements
10 - 21

The World Arabian Horse Organization

Legal and administrative information

Charity registered number 278988
Principal Office Newbarn Farmhouse
Forthampton
Gloucestershire
GL19 4QD
Constitution The Organization is an unincorporated body and is governed by
a formal constitution adopted in September 1978
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 (retired 12 October 2022)
Mr Ali Shaarawi
Consultants Mrs. Nathalie Weemaels
Mr. Karsten Scherling
Executive Secretary Katrina Murray
Independent Examiner Hazlewoods LLP
Staverton Court
Staverton
Cheltenham GL51 0UX
Bankers Royal Bank of Scotland Plc
Drummond House (F K) Branch
1 Redheughs Avenue
Edinburgh EH12 9JN
Scotland

1

Report of the Executive Committee for the year ended 31 December 2022

The World Arabian Horse Organization

The Executive Committee of the World Arabian Horse Organization ("WAHO") submit their report and the financial statements for the year ended 31 December 2022.

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:

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.

2

The World Arabian Horse Organization

Report of the Executive Committee for the year ended 31 December 2022 (continued)

Trustees

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

Consultants

Mrs. Nathalie Weemaels Mr. Karsten Scherling

Appointment of Executive Committee members 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.

Consultants to the Executive Committee are appointed by the Voting Members of the Organization during the 2019 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 re-nomination 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.

3

Report of the Executive Committee for the year ended 31 December 2022 (continued)

The World Arabian Horse Organization

Public benefit

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

Developments, activities and achievements

2022 was a Conference year for WAHO. Our General Meeting and Conference was held in Amman, Jordan, in October, kindly hosted by the Royal Jordanian Equestrian Federation. Much of the year was taken up with planning for this event. Attendance was good and a very productive meeting was held which included approving Bolivia as a full new Registering Authority Member, approving Germany as caretaker registry for Albania, Oman as caretaker registry for Tanzania and Zimbabwe as caretaker registry for Lesotho. Several excellent guest speakers provided informative talks on a variety of subjects, including the importance of national and state studs and harnessing the latest developments in IT technology for moving to online studbooks and databases. The WAHO World Registrars Meeting was held at the same time, during which important discussions and recommendations were made in particular concerning artificial reproduction techniques and managing online studbooks and databases. The minutes of that meeting were circulated to all Registering Authority Members.

The Executive Committee held one meeting at the same venue in Amman, during which discussions were held on ways to further the aims and objectives of WAHO for the benefit of the public, including education, welfare and promotion of Arabian horses. The Executive Committee also communicated and took decisions electronically throughout the year, and held one online meeting using Microsoft Teams. The Executive Committee actively seek to further develop the Organization and develop and increase the Organization's funding.

One Newsletter was sent to all our Members, together with information about the 2022 WAHO Jordan Conference. Our illustrated Newsletter including the full report on the 2022 WAHO Conference was prepared, together with the printed booklet containing the verbatim transcription of the General Meeting sessions, ready to be sent out to our Members in early 2023. The WAHO website was regularly updated, 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 article on research and available genetic tests for genetic disorders in the Arabian breed remains an important benefit to the public providing information on this subject, it is available in English, Spanish, Frenchand German. The WAHO World Pedigree Database project, funded by the Restricted Fund created by the generous 2009 donation from the Sultan of Oman, continues to provide a valuable educational, research and information resource for the benefit of both WAHO members and the general public.

Throughout the year 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 having difficulties with registration matters, including imports or exports. WAHO also continued to assist existing and applying Registered Authority Members with their registration queries and in several cases with the preparation, proof reading and examination of their stud books. During the year WAHO also continued to liaise and communicate with other international organizations and was represented at important international meetings related to horses in general and Arabians in particular.

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. Of equal importance, WAHO continues to reply to an ever increasing number of varied queries on Arabian horserelated 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 almost 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.

4

Report of the Executive Committee for the year ended 31 December 2022 (continued)

The World Arabian Horse Organization

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

Our 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, and in some years, conference income. Total incoming resources in 2022 increased to £142,641 (2021: £124,293). This increase was mainly due to a considerable improvement in interest rates, to the 2022 WAHO Jordan Conference income and from additional IAM fees as is usual when new members join in a Conference year.

Direct charitable expenditure principally comprises printing and distributing publications and educational materials, communication with members of the organization and members of the public, updating the WAHO pedigree database, running the website, and travel and meeting costs.

Expenditure from Unrestricted funds in 2022 was £132,208 (2021: £111,119). This increase was mainly due to the increased travel, printing and postage costs which are unavoidable in a Conference year, an important software update for the WAHO pedigree database, and a modest pay rise for the second member of staff. A one-off donation of £500 was made to World Horse Welfare in respect of their appeal for the horses in Ukraine, an Applying Member of WAHO, in line with one of the Organization's Objects which states "To relieve sick and injured horses in general needing care and attention and in particular horses of the Arabian breed". All other office costs remained at much the same levels as in previous years.

No expenses were allocated in 2022 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 2021, at £7,307.

Before investment gains, losses and revaluations, the Organization's net movement in funds for the year showed a net gain of £10,433 (2021: 13,174).

The charity has unrestricted carried forward reserves as at 31 December 2022 of £409,987 (2021: £399,554) and total carried forward reserves as at 31 December 2022 of £417,294 (2021: £406,861). These reserves are held by the charity in order to meet essential future spending, to cover a minimum of 2 years of running costs and administration expenses of the Charity in the event of a reduction in fees and levies receivable, as well as to provide income from low-risk investments or interest-paying bank accounts which can be readily realised as cash. This enables the Trustees to take actions which are necessary for the charity to function properly and to plan for future projects that could not be met from future income.

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

Approved by order of the members of the board of Executive Committee and signed on their behalf by

Peter J. Pond President

Date

5

The World Arabian Horse Organization

Statement of Trustees' responsibilities For the Year Ended 31 December 2022

The Trustees are responsible for preparing the Annual report and the financial statements in accordance with applicable law and regulations.

Charity law requires the Trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under charity law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

6

The World Arabian Horse Organization

Independent examiner's report

TO THE TRUSTEES OF THE WORLD ARABIAN HORSE ORGANIZATION

I report on the unaudited financial statements of the World Arabian Horse Organization for the year ended 31 December 2022, which are set out below.

Respective responsibilities of Trustees and Examiner

The Charity’s Trustees are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ("the 2011 Act"). The Trustees consider that an audit is not required for this year (under section 144(2) of the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Independent Examiner’s statement

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

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 financial statements to be reached.

19 October 2023

________ Scott Lawrence FCA Date Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

7

The World Arabian Horse Organization

Statement of financial activities

for the year ended 31 December 2022

Restricted Unrestricted Total Total
Note funds 2022 funds 2022 funds 2022 funds 2021
£ £ £
Income from:
Charitable activities 4 - 133,716 133,716 124,134
Investment income 5 - 3,206 3,206 42
Other income 6 - 5,719 5,977 117
__ __ __ __
Total income - 142,641 142,641 124,293
__ __ __ __
Expenditure on:
Charitable activities 7 92,017 92,017 77,624
Management & Administration - 40,191 40,191 33,495
__ __ __ __
Total expenditure - 132,208 132,208 111,119
__ __ __ __
Net Movement in funds - 10,433 10,433 13,174
__ __ __ __
Reconciliation of funds:
Total funds brought forward 7,307 399,554 406,861 393,687
Net movement in funds - 10,433 10,433 13,174
__ __ __ __
Total funds carried forward: 14 7,307 409,987 417,294 406,681
__ __ __ __

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

The notes on pages 10 to 19 form part of these financial statements.

8

The World Arabian Horse Organization

Balance sheet at 31 December 2022

Charity number 278988
Note
2022
£
Fixed assets
Tangible assets
11
Current assets
Stocks
6,193
Debtors
12
40,455
Cash at bank and in hand
380,857
__
427,505
Creditors: amounts falling due
within one year
13
(12,425)
__
Net current assets
Total net assets
Charity funds
Unrestricted funds
14
Restricted funds
14
Total charity funds		 2022
2021
£
£
2,214
__
2,214
6,451
42,279
366,214
__
414,944
(12,299)
__
415,080
__
417,294
__
409,987
7,307
__
417,294
 2021
£
4,216
__
4,216
402,645
__
406,861
_
399,554
7,307
_
406,861

The financial statements were approved and authorised for issue and signed on behalf of the Executive Committee and signed on behalf of the trustees:

Mr. Peter J Pond, President Date:

Mrs. Caroline Sussex, Treasurer Date:

Mrs. Valerie Bunting, Secretary Date:

9

The World Arabian Horse Organization

Notes to the financial statements for the year ended 31 December 2022

1 General information

The World Arabian Horse Organization (WAHO) is a charity, limited by guarantee, registered in England and Wales under the Charities Act 2011. 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 financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.1

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 Registering Authority 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.

Trade income is accounted for in the period in which it relates.

10

The World Arabian Horse Organization

Notes to the financial statements

for the year ended 31 December 2022 (continued)

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.

Support costs are allocated based on time spent, and governance costs are included within support costs.

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 equipment and furniture - 20% to 25%.

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 (incorporating the income and expenditure account) on a straight line basis over the lease term.

11

The World Arabian Horse Organization

Notes to the financial statements

for the year ended 31 December 2022 (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.

12

The World Arabian Horse Organization

Notes to the financial statements

for the year ended 31 December 2022 (continued)

4
Income from charitable activities
Unrestricted
funds
2022
£
Big M (Registering Authority) Members:
Annual dues
42,600
Foal levies
79,202
__
121,802
Associate Members
1,197
Individual members:
New Life members, New Annual members
and Annual renewal subscriptions
10,717
__
133,716
 Total
funds
2022
Unrestricted
funds
2021
£
£
42,600
41,850
79,202
76,296
__
__
121,802
118,146
1,197
954
10,717
7,130
__
__
133,716
126,230

 Total
funds
2021
£
41,850
76,296
_
118,146
954
7,130
_
126,230

All income relating to charitable activities in the current year and prior year was unrestricted.

5 Investment income
Unrestricted Total funds Total funds
funds 2022 2021
2022
£ £ £
Bank and other interest receivable 3,206 3,206 42
______ __ __
All investment income in the current year and prior year was unrestricted.
6 Other income
Unrestricted Total funds Total funds
funds 2022 2021
2022
£ £ £
Donations 107 107 -
Conference Income 5,520 5,520 -
Sale of certificates and trophies 92 92 117
_ _ __
5,719 5,719 117
__ __ __

All other income in the current year and prior year was unrestricted

13

Notes to the financial statements

The World Arabian Horse Organization

for the year ended 31 December 2022 (continued)

7 Analysis of expenditure by activities
Analysis of expenditure by activities 2022 Direct Costs Support Costs Total funds
2022 2022 2022
Unrestricted Funds £ £ £
Charitable activities 6,598 85,419 92,017
Management and administration 11,718 28,473 40,191
__ __ __
Total expenditure 2022 18,316 113,892 132,208
__ __ __
Analysis of expenditure by activities 2021 Direct Costs Support Costs Total funds
2021 2021 2021
Unrestricted Funds £ £ £
Charitable activities 2,045 75,579 77,624
Management and administration 8,302 25,193 33,495
__ __ __
Total expenditure 2021 10,347 100,772 111,119
__ __ __
Analysis of direct costs 2022 Charitable Management and Total funds
activities 2022 administration 2022
Unrestricted Funds 2022
£ £ £
Printing costs 2,803 - 2,803
Travel costs 3,795 - 3,795
Exchange loss - (294) (294)
Subscriptions - 772 772
Accountancy 5,571 5,571
Sundry - 1,245 1,245
Bank charges - 1,130 1,130
Depreciation - 2,002 2,002
Bad debt write off 1,292 1,292
__ __ __
6,598 11,718 18,316
__ __ __
Analysis of direct costs 2021 Charitable Management and Total funds
activities 2021 administration 2021
Unrestricted Funds 2021
£ £ £
Printing costs 1,885 - 1,885
Travel costs 160 - 160
Exchange gain - 51 51
Subscriptions - 282 282
Accountancy - 4,208 4,208
Sundry - 670 670
Bank charges - 744 744
Depreciation - 1,697 1,697
Bad debt write off - 650 650
__ __ __
2,045 8,302 10,347
__ __ __

14

The World Arabian Horse Organization

Notes to the financial statements

for the year ended 31 December 2022 (continued)

7 Analysis of expenditure by activities (continued)

Analysis of expenditure by activities (continued)
Total funds 2022 Total funds 2021
Analysis of support costs. Unrestricted funds. £ £
Staff costs 79,739 73,475
Light & heat 3,415 3,020
Phone 2,252 2,180
Office equipment rental and maintenance 158 355
Postage and stationery 3,625 2,973
Repairs & maintenance 1,599 144
IT & software consumables 5,185 594
Website expenses 292 292
Rent and insurance 16,902 17,739
Videos & Books for Library 210 -
Donations 500 -
Realised Currency Gains 15 -
_ _
113,892 100,772

Support costs have been allocated on the basis of: 75% Charitable activities; 25% Management and administration.

Included within support costs are governance costs comprising independent examiner's remuneration, per note 8.

8
Independent examiner's remuneration
Fees payable to the Charity's independent examiner for the
independent examination of the Charity's annual accounts
Fees payable to the Charity's independent examiner in respect of: All
other services not included above
9
Staff costs
Wages and salaries
Social security costs
Contribution to defined contribution pension scheme		 ___
 2022
£
3,000
-
_____
3,000
_____
2022
£
76,993
2,150
596
______
79,739
 _
 2021
£
3,700
1,800
_
5,500
_
2021
£
69,438
3,044
993
_
73,475
___ _

The charity had 2 employees during the year (2021 - 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.

15

Notes to the financial statements

The World Arabian Horse Organization

for the year ended 31 December 2022 (continued)

10. Executive Committee's remuneration and expenses

During the year ended 31 December 2022, no Trustee received any remuneration or other benefits (2021 - £ NIL).

During the year ended 31 December 2022, no Trustee expenses have been incurred (2021 - £ NIL).

11. Tangible fixed assets

Computer equipment, Office equipment and furniture
£
Cost or valuation
At 1 January 2022 49,092
Disposals (2,731)
______
At 31 December 2022 46,361
_
Depreciation
At 1 January 2022 44,876
Charge for the year 2,002
Disposals (2,731)
______
At 31 December 2022 44,147
_
Net book value
At 31 December 2022 2,214
_
At 31 December 2021 4,216
_
12. Debtors 2022 2021
£ £
Trade debtors 36,625 34,977
Other debtors - 654
Prepayments and accrued income 3,830 6,648
______ ______
40,455 42,279
______ _
13. Creditors: Amounts falling due within one year
2022 2021
£ £
Other taxation and social security 1,812 1,759
Other creditors 132 65
Accruals and deferred income 10,481 10,475
______ ______
12,425 12,299
______ ______

16

for the year ended 31 December 2022 (continued)

The World Arabian Horse Organization

Notes to the financial statements

14
Statement of funds - current year
Balance at
1 January
2022
Unrestricted funds
£
General Funds - all funds
399,554
_
Restricted Funds
Restricted Funds - all funds
7,307
_
Total of funds
406,861
__
Statement of funds - prior year 2021
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
 Balance at
31 December
Income
Expenditure
2022
£
£
£
142,641
(132,208)
409,987
_
_
_
-
-
7,307
_
_
_
142,641
(132,208)
417,294
__
__
__
Balance at
31 December
Income
Expenditure
2021
£
£
£
124,293
(111,119)
399,553
_
_
_
-
-
7,307
_
_
_
124,293
(111,119)
406,861


 Balance at
31 December
Income
Expenditure
2022
£
£
£
142,641
(132,208)
409,987
_
_
_
-
-
7,307
_
_
_
142,641
(132,208)
417,294
__
__
__
Balance at
31 December
Income
Expenditure
2021
£
£
£
124,293
(111,119)
399,553
_
_
_
-
-
7,307
_
_
_
124,293
(111,119)
406,861
__
7,307
__
406,861

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

17

The World Arabian Horse Organization

Notes to the financial statements

for the year ended 31 December 2022 (continued)

15 Analysis of net assets between funds
Restricted Unrestricted Total
funds
funds 2022 funds 2022 2022
Analysis of net assets between funds - current year £ £ £
Tangible Fixed assets - 2,214 2,214
Current assets 7,307 420,198 427,505
Creditors due within one year - (12,425) (12,425)
__ __ __
Total 7,307 409,987 417,294
__ __ __
Analysis of net assets between funds
Restricted Unrestricted Total
funds
funds 2021 funds 2021 2021
Analysis of net assets between funds - prior year £ £ £
Tangible Fixed assets - 4,216 4,216
Current assets 7,307 407,637 414,944
Creditors due within one year (12,299) (12,299)
__ __ __
Total 7,307 399,554 406,681
__ __ __

16. Pension commitments

The Charity operates a defined contribution pension scheme for one eligible employee with Smart Pension. 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 by the charity to the fund and amounted to £118 (2022 - £130) were payable to the fund at the balance sheet date and are included in debtors.

17 Taxation

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

18 Operating Leases

As at 31 December 2022 the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year: £7,800 (2021: £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 2022.

18

Schedules to income and expenditure accounts for the year ended 31 December 2022

The World Arabian Horse Organization

20. Subscriptions from Registering Authority Members for 2022 and Foal Levies for 2021

Subscription Foal Levy
£ £
Algeria Office National De Developpement Des Elevages Equins 750 400
Argentina Stud Book Argentino 750 600
Australia The Arabian Horse Society of Australia Ltd 750 1,220
Austria Verband de Vollblutaraber-Zuchter Osterreich 650 200
Azerbaijan Azerbaijan Arabian Stud Book, Equestrian Federation 550 100
Bahrain Royal Arabian Stud of Bahrain 750 736
Belgium Belgisch Arabisch Paardenstamboek vzw 750 1032
Bolivia ACCA-Bolivia 550 100
Brazil Associação Brasileira dos Criadores do Cavalo Árabe 750 836
Bulgaria Bulgarian Arabian Studbook Authority 650 200
Canada Canadian Arabian Horse Registry 650 200
Chile Sociedad de Fomento Argricola de Temuco 750 532
China (Applying) China Arabian Horse Association 650 200
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 650 100
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 5,628
Germany Verband der Zuchter des Arabischen Pferdes e.V. 750 1,200
Hungary Society of Hungarian Arabian Horse Breeders 550 100
Iran Equestrian Federation of Iran, Arabian Horse Studbook 750 2,976
Iraq Iraqi Arabian Horse Organization 650 200
Israel Israel Arab Horse Registry 750 2,924
Italy Associazione Nationale Italiana Cavallo Arabo 750 2,676
Japan Japan Association for International Racing & Stud Book 550 100
Jordan The Royal Jordanian Stud Book Authority 650 200
Kazakhstan Kazakh Association of Purebred Arabian Horses 550 100
Kuwait Kuwait Arabian Horse Registry 750 6,000
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 2,940
Namibia Arab Horse Breeders Society of Namibia 650 200
Netherlands Arabische VolbloedpaardenStamboek in Nederland 650 200
__ __
Sub total carried forward: 25,000 38,024

19

Schedules to income and expenditure accounts for the year ended 31 December 2022 (continued)

The World Arabian Horse Organization

Subscriptions from Registering Authority Members for 2022 and Foal Levies for 2021 (continued)

Subscription
£
Sub total brought forward
25,000
New Zealand
New Zealand Arab Horse Breeders Society Inc.
650
Norway
Norwegian Arab Horse Society
550
Oman
The Royal Cavalry, Arabian Horse Stud Book
750
Pakistan
Pakistan Arabian Horse Society
650
Poland
Jockey Club of Poland, Polish Arabian Stud Book
750
Portugal
Associaçao Portuguesa do Cavalo Árabe
550
Qatar
Qatar Arabian Horse Registry, Racing & Equestrian Club
750
Romania
Agentia Nationala pentru Ameliorare si Reproductie in Zootechnie
650
Russia
The Russian Arabian Stud Book, Association Rosplemkonzavod
750
Saudi Arabia
King Abdul Aziz Arabian Horses Center
750
Serbia
Serbian Association for Purebred Arabian Horses
550
Slovakia
Narodny Zrebcin Topolcianky
650
Slovenia
Slovenian Arabian Stud Book Authority
650
South Africa
The Arab Horse Society of South Africa
750
Spain
Asociación Espanola de Criadores de Caballos Arabes
750
Sweden
Swedish Arab Horse Registry
650
Switzerland
Schweizer Zuchtgenossenschaft fuer Arabische Pferde
550
Syria
Arabian Horse Office. MAAR
750
Tunisia
Fondation Nationale D'Amelioration de la Race Chevaline
750
Turkey
Turkish Arabian Horse Registry, Ministry of Agriculture
750
U.A.E.
Emirates Arabian Horse Society
750
U.K.
The Arab Horse Society
750
U.S.A.
Purebred Arabian Trust, Arabian Horse Association
750
Uruguay
Sociedad Criadores de Caballos Arabes del Uruguay
750
Venezuela
ASOARABE
550
Zimbabwe
Arab Horse Society of Zimbabwe
550
__
Total:
42,600
 Foal Levy
£
38,024
200
100
552
200
2,032
100
3,816
200
589
6,000
100
200
200
1,464
1,976
200
100
600
1,836
6,000
5,316
808
6,000
704
100
100
__
77,514

20

Schedules to income and expenditure accounts

The World Arabian Horse Organization

for the year ended 31 December 2022 (continued)

Subscriptions and foal levies included in income not yet paid

Subscription
£
2016
Syria
700
Total for 2016
700
2017
Algeria
700
Syria
700
Total for 2017
1,400
2018
Algeria
700
Syria
700
Total for 2018
1,400
2019
Algeria
700
Syria
700
Total for 2019
1,400
2020
Algeria
750
Argentina
750
Ecuador
650
Syria
750
Total for 2020
2,900
2021
Algeria
750
Argentina
750
Ecuador
650
Syria
0
Venezuela
550
Total for 2021
2,700
2022
Algeria
750
Argentina
750
Ecuador
650
Finland
550
Hungary
550
Iran
750
Lebanon
250
Portugal
550
Romania
650
Russia
750
Syria
750
Uruguay
750
Venezuela
550
Total for 2022
8,150
Total Registering Authority Members outstanding at 31 December 2022
18,650
 Levy
£
1,622
1,622
458
1,676
2,134
458
1,763
2,221
470
1,550
2,020
528
600
200
900
2,228
500
700
200
560
100
2,060
400
600
100
100
100
2000
100
100
200
586
600
704
100
5,690
17,975
 Levy
£
1,622
1,622
458
1,676
2,134
458
1,763
2,221
470
1,550
2,020
528
600
200
900
2,228
500
700
200
560
100
2,060
400
600
100
100
100
2000
100
100
200
586
600
704
100
5,690

21