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2024-12-31-accounts

Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization Charity Number 278988

Report and Financial Statements

For the Year Ended 31 December 2024

Unaudited

Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Report and financial statements for the year ended 31 December 2024

Report and financial statements
for the year ended 31 December 2024

Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

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
Mr. Mohamed Alharbi
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

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Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Report of the Executive Committee

for the year ended 31 December 2024

The Executive Committee of the World Arabian Horse Organization ("WAHO") submit their report and the financial statements for the year ended 31 December 2024.

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 October 2019).

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.

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Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Report of the Executive Committee for the year ended 31 December 2024 (continued)

Trustees

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

Consultants

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.

From time to time, new Consultants are either co-opted directly by the Executive Committee, or appointed by the Voting Members of the Organization. The first such Consultants 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. The next such Consultants election is due to take place in April 2025.

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Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Report of the Executive Committee for the year ended 31 December 2024 (continued)

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, although they do not have a vote on the Committee.

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

2024 was a non-Conference year for WAHO. The Executive Committee held one meeting, in Doha, Qatar, 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 actively seek to further develop the Organization and develop and increase the Organization's funding, and regularly discuss ways to increase revenue for the Organization. They also resolved issues brought to them by some Registering Authority Members. Discussions continued on the potential costs and practicalities of establishing a new cloud-based Databank for all of the world’s Purebred Arabian Horses, as 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. This would also be an invaluable resource for the benefit of the public. During 2024 the Executive Committee also communicated by email and exercised their constitutional right to take any necessary votes by electronic means.

Our illustrated Newsletter including the invitation to the 2025 WAHO Conference was prepared, and sent out to our Members in early 2024. 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.

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. For our Registering Authority Members and Applying Members, this guidance and assistance was mainly about applying the WAHO rules for correct registration procedures, the accurate administration of their stud books, and resolving issues they had with registration matters, including imports or exports. WAHO also assisted several Registering Authority Members with the preparation, proof reading and examination of their stud books. During 2024 WAHO continued to liaise and cooperate with other international organizations related to horses in general and Arabians in particular.

Of equal importance, WAHO replied to many 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 access to many expert authorities and can 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 the first point of contact.

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Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Report of the Executive Committee for the year ended 31 December 2024 (continued)

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 2024 decreased to £133,574 (2023: £144,290). This was mainly due to the reduced income from annual foal levies, as fewer foals were bred in many of our Member countries . There was also a small decrease in income from Individual Associate Members, as is normal in a nonConference 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 2024 decreased slightly to £126,953 (2023: £130,180). All office costs were kept under strict control and savings were made wherever possible.

The Restricted Fund is solely used for the WAHO Pedigree Database, which is currently in-house only. This valuable archive 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. No expenses were allocated in 2024 to the Restricted Fund, the amount in the remains unchanged from 2023, at £7,307.

Before investment gains, losses and revaluations, the Organization's net movement in funds for the year showed a modest net gain of £6,621 (2023: £14,110).

The charity has unrestricted carried forward reserves as at 31 December 2024 of £430,718 (2023: £424,097) and total carried forward reserves as at 31 December 2024 of £438,025 (2023: £431,404). 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 25/3/2025

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Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Statement of Trustees' responsibilities For the Year Ended 31 December 2024

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.

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Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

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 2024, 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.

25/3/2025

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

7

Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Statement of financial activities

for the year ended 31 December 2024

Restricted Unrestricted Total Total
Note funds 2024 funds 2024 funds 2024 funds 2023
£ £
Income from:
Charitable activities 4 - 118,896 118,896 128,933
Investment income 5 - 14,063 14,063 14,005
Other income 6 - 615 615 1,352
__ __ __ __
Total income - 133,574 133,574 144,290
__ __ __ __
Expenditure on:
Charitable activities 7 - 90,494 90,494 93,026
Management & Administration - 36,459 36,459 37,154
__ __ __ __
Total expenditure - 126,953 126,953 130,180
__ __ __ __
Net Movement in funds - 6,621 6,621 14,110
__ __ __ __
Reconciliation of funds:
Total funds brought forward 7,307 424,097 431,404 417,294
Net movement in funds - 6,621 6,621 14,110
__ __ __ __
Total funds carried forward: 14
7,307 430,718 438,025 431,404
__ __ __ __

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

Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Balance sheet

at 31 December 2024

Charity number 278988
Note
2024
£
Fixed assets
Tangible assets
11
Current assets
Stocks
3,355
Debtors
12
46,842
Cash at bank and in hand
392,408
__
442,605
Creditors: amounts falling due
within one year
13
(5,619)
__
Net current assets
Total net assets
Charity funds
Unrestricted funds
14
Restricted funds
14
Total charity funds		 2024
2023
£
£
1,039
__
1,039
4,129
45,858
388,553
__
438,540
(7,838)
__
436,986
__
438,025
__
430,718
7,307
__
438,025
 2023
£
702
__
702
430,702
__
431,404
__
424,097
7,307
__
431,404

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: 25/3/2025

Mrs. Caroline Sussex, Treasurer Date: 25/3/2025

Mrs. Valerie Bunting, Secretary Date: 25/3/2025

9

Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Notes to the financial statements for the year ended 31 December 2024

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

Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Notes to the financial statements for the year ended 31 December 2024 (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

Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Notes to the financial statements for the year ended 31 December 2024 (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

Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Notes to the financial statements

for the year ended 31 December 2024 (continued)

4 Income from charitable activities

Unrestricted
funds
2024
£
Big M (Registering Authority) Members:
Annual dues
42,350
Foal levies
72,685
__
115,035
Associate Members
746
Individual members:
New Life members, New Annual members
and Annual renewal subscriptions
3,115
__
118,896
 Total
funds
2024
£
42,350
72,685
__
115,035
746
3,115
__
118,896
 Total
funds
2023
£
42,800
81,388
__
124,188
975
3,770
__
128,933

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

5 Investment income

Investment income
Unrestricted Total funds Total funds
funds 2024 2023
2024
£ £ £
Bank and other interest receivable 14,063 14,063 14,005
______ __ __

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

6 Other income

Other income
Unrestricted Total funds Total funds
funds 2024 2023
2024
£ £ £
Sale of certificates and trophies 615 615 950
Other income - - 402
_ _ _
615 615 1,352
__ __ __

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

13

Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Notes to the financial statements

for the year ended 31 December 2024 (continued)

7 Analysis of expenditure by activities
Analysis of expenditure by activities 2024 Direct Costs Support Costs Total funds
2024 2024 2024
Unrestricted Funds £ £ £
Charitable activities 2,906 87,588 90,494
Management and administration 7,263 29,196 36,459
__ __ __
Total expenditure 2024 10,169 116,784 126,953
__ __ __
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 direct costs 2024 Charitable Management and Total funds
activities administration 2024
Unrestricted Funds 2024 2024
£ £ £
Printing costs 2,906 - 2,906
Exchange loss - 7 7
Subscriptions - 663 663
Accountancy - 3,120 3,120
Sundry - 1,888 1,888
Bank charges - 1,036 1,036
Depreciation - 549 549
__ __ __
2,906 7,263 10,169
__ __ __
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
__ __ __

14

Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Notes to the financial statements

for the year ended 31 December 2024 (continued)

7 Analysis of expenditure by activities (continued)
Total funds 2024 Total funds 2023
Analysis of support costs. Unrestricted funds. £ £
Staff costs 81,812 80,300
Light & heat 3,601 3,027
Phone 3,139 2,081
Office equipment rental and maintenance - 30
Postage and stationery 3,644 8,931
Repairs & maintenance 1,784 1,669
IT & software consumables 304 387
Website expenses 330 330
Rent and insurance 17,763 17,797
Videos & Books for Library - 75
Realised Currency Gains (71) -
Travel 2,114 192
Cost of trophies 774 2,064
Bookkeeping 755 888
Cleaning 206 740
General admin expenses 629 26
_ _
116,784 118,537
______ ______

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		 __
 2024
£
3,120
______
3,120
______
2024
£
73,411
7,691
710
______
81,812
______		 _
 2023
£
3,000
_
3,000
_
2023
£
76,869
2,740
691
______
80,300
______
__ _

The charity had 2 employees during the year (2023 - 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

Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Notes to the financial statements

for the year ended 31 December 2024 (continued)

10. Executive Committee's remuneration and expenses

During the year ended 31 December 2024, no Trustee received any remuneration or other benefits (2023 - £ NIL).

During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £ NIL).

11. Tangible fixed assets

Computer equipment, Office equipment and furniture

Cost or valuation
At 1 January 2024
Additions
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
12. Debtors
Trade debtors
13. Creditors: Amounts falling due within one year
Other taxation and social security
Other creditors
Accruals and deferred income		 2024
£
46,842
______
46,842
__
2024
£
-
2,079
3,540
______
5,619
____
£
47,139
886
______
48,025
__
46,437
549
______
46,986
_
1,039

702

2023
£
45,858
______
45,858

2023
£
1,929
1,700
4,209
______
7,838
___


16

Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Notes to the financial statements

for the year ended 31 December 2024 (continued)

14
Statement of funds - current year
Balance at
1 January
2024
Unrestricted funds
£
General Funds - all funds
424,097
_
Restricted Funds
Restricted Funds - all funds
7,307
_
Total of funds
431,404
__
Statement of funds - prior year 2023
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
 Balance at
31 December
Income
Expenditure
2024
£
£
£
133,574
(126,953)
430,718
_
_
_
-
-
7,307
_
_
_
133,574
(126,953)
438,025
__
__
__
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
2024
£
£
£
133,574
(126,953)
430,718
_
_
_
-
-
7,307
_
_
_
133,574
(126,953)
438,025
__
__
__
Balance at
31 December
Income
Expenditure
2023
£
£
£
144,290
(130,180)
424,097
_
_
_
-
-
7,307
_
_
_
144,290
(130,180)
431,404
__
7,307
__
431,404

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

17

Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Notes to the financial statements

for the year ended 31 December 2024 (continued)

15 Analysis of net assets between funds
Restricted Unrestricted Total funds
funds 2024 funds 2024 2024
Analysis of net assets between funds - current year £ £ £
Tangible Fixed assets - 1,039 1,039
Current assets 7,307 435,298 435,298
Creditors due within one year - (5,619) (5,619)
__ __ __
Total 7,307 430,718 438,025
__ __ __
Analysis of net assets between funds
Restricted Unrestricted Total funds
funds 2023 funds 2023 2023
Analysis of net assets between funds – prior 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
__ __ __

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 (2023 - £132) 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 2024 the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows: Not later than 1 year: £7,800 (2023: £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 2024.

18

Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Schedules to income and expenditure accounts

for the year ended 31 December 2024

20 Subscriptions from Registering Authority Members for 2024 and Foal Levies for 2023

Subscription Foal Levy
£ £
Algeria Office National De Developpement Des Elevages Equins 750 570
Argentina Stud Book Argentino 750 552
Australia The Arabian Horse Society of Australia Ltd 750 1232
Austria Verband de Vollblutaraber-Zuchter Osterreich 650 200
Azerbaijan Azerbaijan Arabian Stud Book, Equestrian Federation 550 100
Bahrain Royal Arabian Stud of Bahrain 750 576
Belgium Belgisch Arabisch Paardenstamboek vzw 750 1056
Bolivia ACCA-Bolivia 550 100
Brazil Associação Brasileira dos Criadores do Cavalo Árabe 750 488
Bulgaria Bulgarian Arabian Studbook Authority 650 200
Canada Canadian Arabian Horse Registry 750 316
Chile Sociedad de Fomento Argricola de Temuco 650 200
China 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 650 200
Egypt Egyptian Agricultural Organization 750 6000
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 5536
Germany Verband der Zuchter des Arabischen Pferdes e.V. 750 1308
Hungary Society of Hungarian Arabian Horse Breeders 550 100
Iran Equestrian Federation of Iran, Arabian Horse Studbook 750 2000
Iraq Iraqi Arabian Horse Organization 650 200
Israel Israel Arab Horse Registry 750 2856
Italy Associazione Nationale Italiana Cavallo Arabo 750 2879
Japan Japan Association for International Racing & Stud Book 550 0
Jordan The Royal Jordanian Stud Book Authority 750 600
Kazakhstan Kazakh Association of Purebred Arabian Horses 550 100
Kuwait Kuwait Arabian Horse Registry 750 2872
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 2704
Namibia Arab Horse Breeders Society of Namibia 650 200
Netherlands Arabische VolbloedpaardenStamboek in Nederland 650 200
__ __
Sub total carried forward: 25,100 34,645

19

Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Schedules to income and expenditure accounts

for the year ended 31 December 2024 (continued)

20 Subscriptions from Registering Authority Members for 2024 and Foal Levies for 2023 (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
650
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
359
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
Turkiye
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
__
42,800
Total:
__		 Foal Levy
£
34,654
200
100
615
200
2409
200
3420
200
812
6000
100
100
200
744
1856
200
100
1624
1592
6000
5276
552
6000
248
0
100
__
73,493
__

20

Docusign Envelope ID: E8776BD8-CAA4-467E-B7D7-CE0DE1636301

The World Arabian Horse Organization

Schedules to income and expenditure accounts for the year ended 31 December 2024 (continued) Subscriptions and foal levies included in income not yet paid

Subscription £ Levy £
2019
Syria 0 1,172
Total for 2019 0 1,172
2020
Syria 0 560
Total for 2020 0 560
2021
Syria( 0 560
Total for 2021 550 560
2022
Iran 750 2,976
Russia 750 586
Syria 750 600
Total for 2022 2,250 4,162
2023
Estonia 550 100
Iran 750 3096
Israel 750 3180
Romania 650 200
Russia 750 772
Serbia 550 100
Syria 750 2,020
Total for 2023 4,750 9,468
2024
Algeria 750 570
Brazil 750 488
Ecuador 650 200
Estonia 550 100
Iran 750 2,000
Israel 750 2,586
Oman 750 615
Romania 650 200
Russia 750 812
Saudi Arabia 391 6,000
Serbia 550 100
Syria 750 1,624
Venezuela 550 0
Total for 2024 8,591 15,565
TotalRegistering Authority Members outstanding at 31 December 2024 £16,141 £31,487

21