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2023-12-31-accounts

The World Arabian Horse Organization Charity Number 278988

Report and Financial Statements

For the Year Ended 31 December 2023

Unaudited

The World Arabian Horse Organization

Report and financial statements

for the year ended 31 December 2023

Report and financial statements
for the year ended 31 December 2023

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
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

The World Arabian Horse Organization

Report of the Executive Committee

for the year ended 31 December 2023

The Executive Committee of the World Arabian Horse Organization ("WAHO") submit their report and the financial statements for the year ended 31 December 2023.

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 2023 (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 current full members of the WAHO Executive Committee were appointed by the Voting Members of the Organization during the 2017 General Meeting 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. The first such election took place during the 2019 General Meeting of the Organization from a list of eligible candidates according to the protocol for the nomination of new Consultants to the WAHO Executive Committee. Each elected candidate so approved takes office at the conclusion of the General Meeting at which they were elected. Individuals elected by the General Meeting as Consultants to the WAHO Executive Committee are expected to serve two terms, a term being the period between the WAHO General Meetings, 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. To progress from Consultant to full Executive Committee Membership is not automatic. If after two terms, 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.

There are also 8 Emeritus Members of the WAHO Executive Committee, as listed on the WAHO website, all of whom served for extended periods as Trustees of the Organization. This honorary position reflects the importance of their contributions to WAHO. Their considerable experience means they are available for consultation as and when considered necessary, although they do not have a vote on Executive Committee decisions.

3

The World Arabian Horse Organization

Report of the Executive Committee for the year ended 31 December 2023 (continued)

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

2023 was a non-Conference year for WAHO. The Executive Committee held one meeting during the year, during which they discussed 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 by email and exercised their constitutional right to take any necessary votes by electronic means. The Executive Committee actively seek to further develop the Organization and develop and increase the Organization's funding.

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, and 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 was updated and is available in English, Spanish, French and German.

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, mainly by email, 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 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 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.

The WAHO World Pedigree Database project, mainly funded by the Restricted Fund created by the generous 2009 donation from the late Sultan of Oman, continues to provide a valuable educational, research and information resource for the benefit of both WAHO members and the general public. This now includes a great deal of historical pedigree data and has proved extremely useful over the years, although it is not yet available online. Arising from the talk given by Russell Ferris, CEO of Weatherbys, during the WAHO 2022 Conference and subsequent discussions, a detailed Survey was prepared and circulated to our Registry Members. Their replies enabled us to verify their current capacities regarding their existing software, the fact that many already have online studbooks or pedigree databases and what help, if any, those that do not yet have online capabilities might require to achieve their goals. It also gave us an insight into their views on a potential future project to establish a cloud-based Databank for all of the world’s Purebred Arabian Horses. An accessible online facility, incorporating the data we already have on our WAHO Pedigree Database, to which our Member Registries could contribute their horse data and be responsible for its accuracy, would be an incredible resource for all our Members and for the general public.

4

The World Arabian Horse Organization

Statement of Trustees' responsibilities For the Year Ended 31 December 2023

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 2023, 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.

12/07/2024 ________ 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 2023

Restricted Unrestricted Total Total
Note funds 2023 funds 2023 funds 2023 funds 2022
£ £ £
Income from:
Charitable activities 4 - 127,563 127,563 133,716
Investment income 5 - 14,005 14,005 3,206
Other income 6 - 2,722 2,722 5,977
__ __ __ __
Total income - 144,290 144,290 142,641
__ __ __ __
Expenditure on:
Charitable activities 7 - 93,026 93,026 92,017
Management & Administration - 37,154 37,154 40,191
__ __ __ __
Total expenditure - 130,180 130,180 132,208
__ __ __ __
Net Movement in funds - 14,110 14,110 10,433
__ __ __ __
Reconciliation of funds:
Total funds brought forward 7,307 409,987 417,294 406,861
Net movement in funds - 14,110 14,110 10,433
__ __ __ __
Total funds carried forward: 14
7,307 424,097 431,404 417,294
__ __ __ __

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

Charitynumber278988 Note 2023t 2023t 2022t 2022t
Fixed assets
Tangible gssets 11 702 2,214
702 2,214
Currentassets
Stocks 4,129 6,193
Debtors 12 45,858 40,455
Cash at bank and inhand 388,553 380,857
438,540 427,505
Creditors: amountsfallingdue 4a
withinone year (7,838) (12,4251
Netcurrentassets 430,702 415,080
Total net assets 431,404 417,294
Charity funds
Unrestricted funds 14 424,097 409,987
Restricted funds 14 7,307 7,307
Totalcharity funds 431,404 417,294

Notes to the financial statements for the year ended 31 December 2023

The World Arabian Horse Organization

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 2023 (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 2023 (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 2023 (continued)

4
Income from charitable activities
Unrestricted
funds
2023
£
Big M (Registering Authority) Members:
Annual dues
42,800
Foal levies
81,388
__
124,188
Associate Members
975
Individual members:
New Life members, New Annual members
and Annual renewal subscriptions
3,770
__
128,933
 Total
funds
2023
£
42,800
81,388
__
124,188
975
3,770
__
128,933
 Total
funds
2022
£
42,600
79,202
__
121,802
1,197
10,717
__
133,716

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

5 Investment income

Unrestricted Total funds Total funds Total funds
funds 2023 2022
2023
£ £ £
Bank and other interest receivable 14,005 14,005 3,206
______ __ __

All investment income in the current year and prior year was unrestricted.

6 Other income

Unrestricted Total funds Total funds Total funds Total funds
funds 2023 2022
2023
£ £ £
Donations - - 107
Conference Income - - 5,520
Sale of certificates and trophies 950 950 92
Other income 402 402 -
_ _ _
1,352 1,352 5,719
__ __ __

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

13

The World Arabian Horse Organization

Notes to the financial statements

for the year ended 31 December 2023 (continued)

7 Analysis of expenditure by activities
Analysis of expenditure by activities 2023 Direct Costs Support Costs Total funds
2023 2023 2023
Unrestricted Funds £ £ £
Charitable activities 4,123 88,903 93,026
Management and administration 7,520 29,634 37,154
__ __ __
Total expenditure 2023 11,643 118,537 130,180
__ __ __
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 2023 18,316 113,892 132,208
__ __ __
Analysis of direct costs 2023 Charitable Management and Total funds
activities administration 2023
Unrestricted Funds 2023 2023
£ £ £
Printing costs 4,123 - 4,123
Exchange loss - 8 8
Subscriptions - 687 687
Accountancy - 3,000 3,000
Sundry - 306 306
Bank charges - 1,229 1,229
Depreciation - 2,290 2,290
__ __ __
4,123 7,520 11,643
__ __ __
Analysis of direct costs 2022 Charitable Management and Total funds
activities administration 2022
Unrestricted Funds 2022 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
__ __ __

14

The World Arabian Horse Organization

Notes to the financial statements

for the year ended 31 December 2023 (continued)

7
Analysis of expenditure by activities (continued)
Total funds 2023
Total
Analysis of support costs. Unrestricted funds.
£
Staff costs
80,300
Light & heat
3,027
Phone
2,081
Office equipment rental and maintenance
30
Postage and stationery
8,931
Repairs & maintenance
1,669
IT & software consumables
387
Website expenses
330
Rent and insurance
17,797
Videos & Books for Library
75
Donations
-
Realised Currency Gains
-
Travel
192
Cost of trophies
2,064
Bookkeeping
888
Cleaning
740
General admin expenses
26
_

118,537		 funds
2022
£
79,739
3,415
2,252
158
3,625
1,599
5,185
292
16,902
210
500
15
-
-
-
-
-
_
113,892

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
9
Staff costs
Wages and salaries
Social security costs
Contribution to defined contribution pension scheme		 __
 2023
£
3,000
______
3,000
______
2023
£
76,869
2,740
691
______
80,300
 _
 2022
£
3,000
_
3,000
_
2022
£
76,993
2,150
596
______
79,739
__ _

The charity had 2 employees during the year (2022 - 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

The World Arabian Horse Organization

Notes to the financial statements for the year ended 31 December 2023 (continued)

10. Executive Committee's remuneration and expenses

During the year ended 31 December 2023, no Trustee received any remuneration or other benefits (2022 - £ NIL).

During the year ended 31 December 2023, no Trustee expenses have been incurred (2022 - £ NIL).

11. Tangible fixed assets

Computer equipment, Office equipment and furniture

Cost or valuation
At 1 January 2023
Additions
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022
12. Debtors
Trade debtors
Other debtors
Prepayments and accrued income
13. Creditors: Amounts falling due within one year
Other taxation and social security
Other creditors
Accruals and deferred income		 2023
£
45,858
-
-
______
45,858
______
2023
£
1,929
1,700
4,209
______
7,838
 £
46,361
778
______
47,139
__
44,147
2,290
______
46,437
_
702

4,216

2022
£
36,625
-
3,830
______
40,455
___
2022
£
1,812
132
10,481
______
12,425
_
_
_
_

16

The World Arabian Horse Organization

Notes to the financial statements

for the year ended 31 December 2023 (continued)

14
Statement of funds - current year
Balance at
1 January
2023
Unrestricted funds
£
General Funds - all funds
409,987
_
Restricted Funds
Restricted Funds - all funds
7,307
_
Total of funds
417,294
__
Statement of funds - prior year 2022
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
 Balance at
31 December
Income
Expenditure
2023
£
£
£
144,290
(130,180)
424,097
_
_
_
-
-
7,307
_
_
_
144,290
(130,180)
431,404
__
__
__
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
2023
£
£
£
144,290
(130,180)
424,097
_
_
_
-
-
7,307
_
_
_
144,290
(130,180)
431,404
__
__
__
Balance at
31 December
Income
Expenditure
2022
£
£
£
142,641
(132,208)
409,987
_
_
_
-
-
7,307
_
_
_
142,641
(132,208)
417,294
__
7,307
__
417,294

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 2023 (continued)

15 Analysis of net assets between funds
Restricted Unrestricted Total funds
funds 2023 funds 2023 2023
Analysis of net assets between funds - current year £ £ £
Tangible Fixed assets - 702 702
Current assets 7,307 431,233 438,540
Creditors due within one year - (7,838) (7,838)
__ __ __
Total 7,307 424,097 431,404
__ __ __
Analysis of net assets between funds
Restricted Unrestricted Total funds
funds 2022 funds 2022 2022
Analysis of net assets between funds – prior 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
__ __ __

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 £132 (2022 - £118) 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 2023 the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows: Not later than 1 year: £7,800 (2022: £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 2023.

18

The World Arabian Horse Organization

Schedules to income and expenditure accounts

for the year ended 31 December 2023

20 Subscriptions from Registering Authority Members for 2023 and Foal Levies for 2022

Subscription Foal Levy
£ £
Algeria Office National De Developpement Des Elevages Equins 750 576
Argentina Stud Book Argentino 650 200
Australia The Arabian Horse Society of Australia Ltd 750 1,440
Austria Verband de Vollblutaraber-Zuchter Osterreich 650 200
Azerbaijan Azerbaijan Arabian Stud Book, Equestrian Federation 550 100
Bahrain Royal Arabian Stud of Bahrain 750 660
Belgium Belgisch Arabisch Paardenstamboek vzw 750 1,416
Bolivia ACCA-Bolivia 550 100
Brazil Associação Brasileira dos Criadores do Cavalo Árabe 750 600
Bulgaria Bulgarian Arabian Studbook Authority 650 200
Canada Canadian Arabian Horse Registry 750 516
Chile Sociedad de Fomento Argricola de Temuco 750 548
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 4,994
Germany Verband der Zuchter des Arabischen Pferdes e.V. 750 1,376
Hungary Society of Hungarian Arabian Horse Breeders 550 100
Iran Equestrian Federation of Iran, Arabian Horse Studbook 750 3,096
Iraq Iraqi Arabian Horse Organization 650 200
Israel Israel Arab Horse Registry 750 2,900
Italy Associazione Nationale Italiana Cavallo Arabo 750 3,304
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 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 2,936
Namibia Arab Horse Breeders Society of Namibia 650 200
Netherlands Arabische Volbloedpaarden Stamboek in Nederland 650 304
__ __
Sub total carried forward: 25,100 39,766

19

The World Arabian Horse Organization

Schedules to income and expenditure accounts

for the year ended 31 December 2023 (continued)

20 Subscriptions from Registering Authority Members for 2023 and Foal Levies for 2022 (continued)

Subscription
£
Sub total brought forward
25,100
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
550
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
__
42,670
Total:
 Foal Levy
£
39,766
200
100
879
200
2,636
100
3,632
200
772
6,000
100
100
200
1,064
1,944
200
100
2,020
1,796
6,000
5,312
776
6,000
812
100
100
__
81,109

20

The World Arabian Horse Organization Schedules to income and expenditure accounts for the year ended 31 December 2023 (continued) Subscriptions and foal levies included in income not yet paid

Subscription £ Levy £
2017
Algeria 700 458
Total for 2017 700 458
2018
Algeria 700 458
Total for 2018 700 458
2019
Algeria 700 470
Syria 0 1172
Total for 2019 700 1,642
2020
Algeria 750 528
Argentina 750 600
Ecuador 650 200
Syria 750 896
Total for 2020 2,900 2,224
2021
Algeria 750 496
Argentina 750 572
Ecuador 650 200
Syria 0 560
Venezuela 550 100
Total for 2021 2,700 1,928
2022
Algeria 750 548
Argentina 750 624
Ecuador 650 200
Hungary 550 100
Iran 750 2,976
Lebanon 250 100
Russia 750 586
Syria 650 200
Venezuela 550 100
Total for 2022 5,650 5,434
2023
Algeria 750 576
Argentina 650 200
Azerbaijan 550 100
Czech Republic 550 100
Ecuador 650 200
Estonia 550 100
Iran 750 3,096
Israel 750 2,900
Jordan 650 200
Pakistan 650 200
Romania 650 200
Russia 750 772
Serbia 550 100
Syria 750 2020
Venezuela 550 100
Total for 2023 9,750 10,864
TotalRegistering Authority Members outstanding at 31 December 2023 £23,100 £23,008

21