Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 The World Arabian Horse Organization Charity Number 278988 Report and Financial Statements For the Year Ended 31 December 2025 Unaudited
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 Contents Page Reference and Administrative Details of the Charity. its Executive Committee and Advisers Executive Committee's Report Trustees. Responsibilities Statement Independent Examiner's Report statement of Financial Activities Balance Sheet 10 Notes to the Financial Statements
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 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 Ivice-Presidentl Irelired 9 April 20251 HRH Princess Alia Al Hussein Ivice-Presidentl Ifrom April 9th 20251 Mrs Valerie Bunting (Secretaryl Mrs Caroline Sussex (Treasurer) Mr Sami Jassim Al Boenain Mr Xavier Guibert Mr Basil Jadaan Mr Robert Fauls Jr Mr Howard W Pike Mr Ali Shaarawi Mrs. Nalhalie Weemaels Consultants Mrs. Nalhalie Weemaels Mr. Karslen Scherfing Irelired 9 April 20251 Dr. Mohammad Machmoum (from 9 April 20251 Executive Secretary Sarah Katrina Murray Indepgndgnt Examingr Hazlewoods LLP Staverton Court Staverton Chellenham GL51 OUX Bankers Royal Bank of Scotland PIC Drummond House IF K} Branch 1 Redheughs Avenue Edinburgh EH12 9JN Scotland
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 The Executive Committee of the World Arabian Horse Organization I'WAHO'I submit their report and the financial statements for the year ended 31 December 2025. Legal and administrative information set out on page 1 forms part of this report. The financial statements comply with current slatulory requirements, the conslilulion of tho charity and the Statement of Recommended Practice- Accounting and Reporting by Charities ISORP 2nd Edilion)- Objg¢tiVg$ The World Arabian Horse Organization {"WAHO"l is an unincorporated charity whose objectives include.. To preserve. improve and maintain the purty of the blood of horses of the Arabian breed and lo promote public interest in and the science of the breeding of Arabian horses by continuing the introduction of Arabian bl(x)d to the breeding of light horses. b) To advance education for the benefit of the public. To promote and facilitate the acquisition and distribution of knowledge in all countries of the history, care and treatment of the Arabian breed. Countries with purebred Arabian horses which trace lo already accepted slud books may apply for Membership of the organizalion and for recognition of their own new stud books. Once recognition has been achieved, that country is added lo the WAHO Definition and the slud book authority becomes a Registering Authority Member. Each Registering Authority Member is enlilled lo 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, Stale, Regional, County or Area Association, Inslilulion or Society, which possesses the object or purpose of the promotion or improvement of the breed of Arabian horse. Associate Members may appoint observer delegates lo 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. Structuro. Governance & Management The charity is an unincorporated body and is governed by a formal constitution adopted in September 1978. Trustees The members of the Executive Committee (who are also the trustees of the charity) who served during the year were.. Mr Peter J Pond (President) Dr Marek Trela IVice-Presidentl {retired 9 April 20251 HRH prin$$ Alia Al Hussein Ivice-Presidentl {from 9 April 20251 Mrs Valerie Bunting (Secretary) Mrs Caroline Sussex (Treasurer) Mr Sami Jassim Al Boenain Mr Xavier Guibert Mr Basil Jadaan Mr Robert Fauls Jr Mr Howard W Pike Mr Ali Shaarawi Mrs Nalhalie Weemaels (from 9 April 20251
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 Consultants Mr Karslen Scherling (retired 9 April 20251 Mr Mohamed Alharbi Dr Mohamed Machmoum Appointment of Exacutivo Committee members and Consultants The fLJII members of the WAHO Executive Committee at the beginning of 2025 were appointed by the Voting Members of the organization during the 2017 General Meeting of the organizalion based upon a list of candidates proposed by the Executive Committee. According to the WAHO Constitution Clause 12 Icl, elected Executive Committee members 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 WAHO Constitution Clause 15. The officers of the Executive Committee are appointed from wtthin the Executive Committee by the members of the Executive Committee. From lime to time, new Consullanls are either co-opted directly by the Executive Committee, or elected by the Voting Members of the organizalion. One new Consultant was appointed by the Executive Committee in 2023. The first Consullanls election took place during the 2019 General Meeting from a list of eligible candidates according lo the protocol for the nomination of new Consultants to the WAHO Executive Committee. The two elected candidates, to serve for two terms, a term being the period between the WAHO General Meetings, were Mr. Karsten Scherling and Mrs. Nathalie Weemaels who both look office at the conclusion of the 2019 General Meeting. Individuals elected by the General Meeting as Consullanls to the WAHO Executive Committee 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 lo the Executive Committee shall be conclusive evidence that such person was eligible for election and no further vole of the General Meeting will be required lo confirm full Executive Committee Membership. On 9 April 2025, Mrs. Nalhalie Weemaels was duly elected lo full Executive Committee Membership. Mr. Karslen Scherling retired as a Consultsnt on 9 April 2025. The second Consultants election look place during the General Meeting in Abu Dhabi on 9 April 2025 and. of the 5 candidates forward, Dr. Mohamed Machmoum was elected as a Consultsnl lo the Executive Committee by vote of the delegates to the General Meeting. 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 importan of their contributions lo WAHO. Their considerable experience means they are available for ¢onsullalion, although they do not have a vole on the Committee. Public benefit The Trustees have given due consideration to Charty 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.
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 Developments. activities and achievements 2025 was a very busy year for WAHO, as it was Conference year. The event was held in Abu Dhabi in early April 2025, generously hosted by the Emirales Arabian Horse Society, under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, the UAE Vice President, Deputy Prime Minister, Chairman of the Presidential Court and Chairman of the Emirales Arabian Horse Society. We welcomed voting delegates from 56 WAHO Member ountries, as well as from several of our Associate Members and many Observers from around the worfd. The WAHO World Registrars Meeting was also held during this lime. During the General Meeting important mallers, including recommendations from the World Registrars Meeting, were discussed and passed by vole of the delegates, including two updates lo the WAHO Constitution, and some minor updates to the WAHO bye-laws. cornprising in this case our publication 'Requiremenls for Establishing and Keeping a Stud Book,. Increases lo membership fees effective from 1 January 2026 were announced. Two well respected keynote speakers gave interesting lectures, Monika Savier spoke on Female Choice and the impact of Assisted Reproduction Technology on the lives of stallions and mares, and Emma Maxwell gave us her Insights into how Arabian Breeding has changed since the inception of WAHO. A verbatim booklet of the proceedings of the General Meeting was produced and distributed to all our Members. Registering Authority Members were also sent the Minutes of the WAHO World Registrars Meeting, a copy of the updated Constitution and a copy of the updated Requirements for Establishing and Keeping a Stud Book. The updated Constitution was also placed on the WAHO website, together with detailed illustmted reports on the Conference by various equestrian journalists in .pdf format. The Executive Committee held their main meeting, in Abu Dhabi. United Arab Emirates, during the 2025 WAHO Conference, in which they discussed ways lo further the aims and objectives of WAHO for the benefit of the public, including education, welfare and promotion of Arabian horses. The Executive Committee continued to actively seek lo further develop and increase the organizalion's funding, and ways lo increase revenue for the organizalion. They also mel with delegates from many of the Member countries present, lo resolve various issues which had arisen since the last General Assembly. During 2025 the Executive Committee also communicated by email and exercised their constitutional right to lake any necessary voles by electronic means. Our short illustrated Newsletter was prepared, and sent out lo our Members in early 2025. 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 has been updated and is available in English, Spanish, French and German. It is hoped to indLJde an Arabic version in the fLJture. 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 Apptying Members, this guidance and assistance was mainly about applying the WAHO rules for correct registration procedures, the accurate adminislralion of their slud books, and resolving issues they had with registration mallers, including imports or exports. WAHO also assisted several Registering Authority Members with the preparation, proof reading and examination of their stud books. During 2025, the WAHO Office replied lo many varied queries on Arabian horse-related matters from members of the public wodd-wide. Through its Executive Committee, Staff Members and intèrnational membership, WAHO can access many expert authorities lo 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 il fulfils some of the core aims of the organization, in particular to advance education for the benefit of the public and lo promote and facilitate the acquisition and distribution of knowledge in all countries. For individuals anywhere in the wodd with any query about Arabian horses and every aspect of their history, care, Irealmenl and welfare, il is clear that WAHO remains the first point of contact. During 2025 WAHO also continued lo cooperate with other international organizalions related to all horses and Arabians in particular.
Docusign Envelope ID: 0CBD3272-EC5D-8F9F-830A-574F5376D381
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 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 lawl. Under charity law the Trustees musl not approve the financial statements Ljnless 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 lo.. select suitable accounting policies and then apply them consistently., make judgements and accounting estimates that are reasonable and prudent., stste whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial slatemenls., prepare the financial stslemenls on the going concern basis unless il is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disdose with reasonable accuracy at any time the financial position of the Charity and enable them lo 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 tsking reasonable steps for the prevention and detection of fraud and other irregularities.
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 TO THE TRUSTEES OF THE WORLD ARABIAN HORSE ORGANIZATION I report on the unaudited financial stslemenls of the World Arabian Horse Organizalion for the year ended 31 December 2025, which are sel out below. Respective responsibilities of Trustees and Examiner The Charity's Trustees are responsible for the preparation of the financial statements in accordanee with the requirements of the Charities Act 2011 1.the 2011 Act"l- The Trustees consider that an audit is not required for this year lunder section 144121 of the 2011 Act) and that an independent examination is needed. 11 is my responsibility lo.. examine the financial statements {under section 145 of the 2011 Acl}', follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 14515}Ibl of the 2011 A¢tl', and state whether particular mallers have come lo my allenlion. Independent Examiner's statemgnt I have completed my examination. I confimi that no material mallers have come to my attention in connection with the examination which gives me cause lo believe that, in any material respect.. The accounting records were not kept in accordance with section 130 of the 2011 Act,. or The financial slalements do not accord with such records., or The financial statements did not comply with the applicable requirements concerning the form and content of accounts set our in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of an independent examination., or The financial statements have not been prepared in accordance with the methods and principles of the Charities SORP {FRS1021. I have no concems and have come across no other mallers in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements to be reached. gcd 221512026 Scott Lawrence FCA Hazlewoods LLP Staverton Court Staverton Chellenham GL51 OUX Date
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 Restricted funds 2025 Unrestricted funds 2025 Total funds 2025 Total funds 2024 Note Income from.. Charitable activities Investment incom8 Other income 134,453 13,112 9,940 134,453 13.112 9.940 118,896 14,063 615 Total income 157,505 157,505 133,574 Expenditure on: Charitable activities Management & Administration 97,705 36,789 97,705 36.789 90,494 36,459 Total expenditure 134,494 134,494 126,953 Net Movement in funds 23,011 23,011 6,621 Reconciliation of funds.. Total funds brought forward 7,307 430.718 438,025 431,404 Net movement in funds 23.011 23.011 6.621 Total funds carrled forward.. 14 7,307 453.729 461.036 438.025 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.
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 Charity number 278988 Note 2025 2025 2024 2024 Fixed assets Tangible assets 1,118 1,039 1,118 1,039 Currgnt assgts Stocks Debtors Cash at bank and in hand 2,581 56,005 408,807 3,355 46,842 392,408 12 467,393 442,605 Creditors- amounts falling due within one year 13 {7.475) (5,6191 Net current assets 459.918 436,986 Total net assets 461.036 438.025 Charity funds Unrestricted funds Restricted funds 14 14 453,729 7,307 430,718 7.307 Total charity funds 461,036 438,025 The financkil statements were approvod and aulhonsed fof issue and sne on beham ¢fthe E¥e¢uts've Commthee and %gnèd on behalf of Ih slees.. . P•t•r J Pond, Date". rpsSd•nt laz6 Cath"WL gwSSLP Mrs. Caroline Sussex. Treasurer Dale." 161512026 VthiL Mrs. Valerie Bunting, Secretary Date.. 151512026
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 General information The Worfd Arabian Horse Organizalion IWAHOI 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. Accounting policies 2.1 Basis of preparation of financial statements The financial stslemenls have been prepared in acwrdance with the Charities SORP IFRS 1021- 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 IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and the Charities Act 2011. The financial statements have been prepared to give a'true and faiv view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exlenl required lo provide a 'true and fair view,. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporbng Standard applicable in the UK and Republic of Ireland {FRS 1021 issued on 16 July 2014 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practi 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 rtain critical accounting estimates. 11 also requires management to exercise judgement in applying the company's accounting policies (see note 31. 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 inilially recognised al historical cost or transaction value unless olhetwise staled 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 lax deducted or related lax credit. Trade income is accounted for in the period in which il relates. 10
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 2.4 Expenditure All resources expended are included on an accruals basis and are recognised when there is a legal or conslruclive obligation to pay for expenditure. Costs are directly allribuled lo one of the functional categories of resources expended in the Ststemenl 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 Tangib19 fixgd assgts and dgprgciation Tangible fixed assets costing £100 or more are capilalised 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 al cost less accumulated depreciation and any accumulated impairment losses. Al costs incurred to bring a tangible fixed asset into ils intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tsngible fixed assets less their residual value over their estimated useful lives, using the slraight-line method. Depreciation is provided on the following basis.. Computer equipment, office equipment and furniture - 200/0 10 250/0. 2.6 Stocks Stocks are valued al the lower of cost and nel 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 Dobtors Trade and other debtors are re¢ognised al the selllemenl amount after any trade discount offered. Prepayments are valued al 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-lerm 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 currenciTes All foreign currency receipts are accounted for on the basis of the sterling amounts received on the dale of receipt. Any balance receivable in foreign currencies al financial year end are converted into Steding at the spot rale at yesr end. 2.10 FITnancial 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 al transaction value and subsequently measured al 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 lincorporaling the income and expenditure account) on a straight line basis over the lease term.
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 2.12 Pensions The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity lo the fund in respect of the year. 2.13 Fund accounting General funds are unreslricled funds which are available for use al 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 reslriclions 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 sel out in the notes to the financial statements. Investment income, gains and losses are allocated lo the appropriate fund. 3. Critical aceounting 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 eslimales and assumptions.. The charity makes eslimales 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 significanl risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. 12
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 Income from charitable activities Unrestrided fund5 Total funds 2025 Total funds 2024 2025 Big M IRegi$taring Authority) Mgmbors.. Annual dues Foal levies 43,359 75,972 43,359 75,972 42.350 72,685 119.331 119,331 115.035 Associate Members 976 976 746 Individual members.. New Life members, New Annual members and Annual renewal subscriptions 14,146 14,146 3.115 134,453 134,453 118,896 Al income relating lo charitable activities in the current year and prior year was unrestricted. Investment incom Unrgstricted funds 2025 Total funds 2025 Total funds 2024 Bank and other interest receivable 13,112 13.112 14.063 All investment income in the current year and prior year was unrestricted. other Income Unrestricted funds 2025 Total funds 2025 Total funds 2024 Sale of certificates and trophies Conference income 500 9,440 500 9,440 615 9,940 9,940 615 All other income in the current year and prior year was unrestricted 13
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 Analysis of expenditure by activities Analysis of expenditure by activities 2025 Direct Costs 2025 Support Costs Total funds 2025 2025 Unrestricted Funds Charitable activities Management and administration 12,197 8,287 85,508 28,502 97,705 36,789 Total expenditure 2025 20,484 114,010 134,494 Analysis of expenditure by activities 2024 Direet Costs 2024 Support Costs Total funds 2024 2024 Unrestricted Funds Charitable activities Management and administration 2,906 7,263 87,588 29,196 90,494 36,459 Total expendlture 2024 10,169 116,784 126,953 Analysis of direct costs 2025 Charitable Management and Total funds activities administration 2025 2025 2025 Unrestricted Funds Printing costs Conference costs Subscriptions Accountancy Sundry Bank charges Depreciation 5,454 6,743 5,454 6,743 1,918 3,490 1,808 194 877 1,918 3,490 1,808 194 877 12,197 8.287 20,484 Analysis of direct costs 2024 Charitable Management and Total funds activities administration 2024 2024 2024 Unrestricted Funds Printing costs Exchange loss Subscriptions Accountancy Sundry Bank charges Depreciation 2,906 2,906 663 3,120 1,888 1,036 549 663 3,120 1,888 1,036 549 2,906 7,263 10,169 14
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 Analysis of support costs. Unrestricted funds Total funds 2025 Total funds 2024 Staff costs Light & heat Phone Postsge and ststionery Repairs & maintenance IT & software consumables Website expenses Rent and insurance Realised Currency Gains Travel Cost of trophies Bookkeeping Cleaning General admin expenses 80.177 3,243 1,593 6,586 1,064 220 330 17.737 128) 81.812 3,601 3,139 3,644 1,784 304 330 17,763 {711 2,114 774 755 206 629 774 641 1,398 275 114.010 116.784 Support costs have been alltKated on the basis of.. 750/. Charitable activities,. 250A Management and administration. Included within support costs are governance costs comprising independent examiner's remuneration, per note 8. Independent examiner's remuneration 2025 2024 Fees payable to the charity's independent examiner for the independent examination of the charity's annual accounts 3,490 3,120 3,490 3,120 Staff costs 2025 2024 Wages and salaries Social security costs Contribution to defined contribution pension scheme 76,755 2,568 855 73,411 7,691 710 80.177 81,812 The charity had 2 employees during the year12024 - 21- 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 EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 10. Executive Committee's remuneration and expenses During the year ended 31 December 2025, no Trustee reiVed any remuneration or other benefits 12024- £ NIL). During the year ended 31 December 2025, no Trustee expenses have been incurred12024 - £ NIL). 11. Tangiblg fixed assets Computer equipment, offi gquipmgnt and furniture Cost or valuation At 1 January 2025 Additions 48,025 957 At 31 December 2025 48,982 Depreciation Al 1 January 2025 Charge for the year 46,986 877 Al 31 December 2025 47.641 Net book value At 31 December 2025 1,118 At 31 December 2024 1,039 12. Debtors 2025 2024 Trade debtors 56,005 46,842 56.005 46.842 13. Creditors- Amounts falling due within one year 2025 2024 Other creditors Accruals and deferred InMe 3,647 3,828 2,079 3,540 7.475 5,619 16
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 14 Statement of funds - current year Balance at 1 January 2025 Balance at 31 December 2025 Income Expenditure Unrestricted funds General Funds - all funds 430,718 157,505 1134,4941 453,729 Restricted Fund$ Restricted Funds - all funds 7,307 7,307 Total of funds 438,025 157,505 1134,4941 461,036 Statement of funds - prior year 2024 Balance at 1 January 2024 Balance at 31 December 2024 Income Expenditure Unrestricted funds General Funds - all funds 424,097 133,574 1126,9531 430,718 Restricted Funds Restricted Funds - all funds 7,307 7,307 Total of funds 431,404 133,574 1126,9531 438,025 The restricted fund relates to a donation to support the formation of a WAHO pedigree database. 17
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 15 Analysis of net assets between funds Restricted funds 2025 Unrestricted funds 2025 Total funds 2025 Analysis of net assets between funds - current year Tangible Fixed assets Current assets Creditors due within one year 1,118 460,084 (7,4731 1,118 467,391 17,473) 7,307 Total 7.307 453,729 461.036 Analysis of net assets bgtwegn fund$ Reslri¢ted funds 2024 Unrgstrictgd funds 2024 Total funds 2024 Analysis of net assets between funds- prior year Tangible Fixed assets Current assets Creditors due within one year 1,039 435,298 {5,6191 1,039 435,298 {5,619} 7,307 Total 7,307 430,718 438,025 16. Pension cornmitments 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 lo the fund and amounted to £465 {2024 - £1321 were payable lo the fund at the balance sheet date and are included in creditors. 17 Taxatlon The Organisalion is registered as a UK charity and consequently all income and capital gains arising from ils charitable activities are relieved from UK laxalion. 18 Operating Leases As al 31 December 2025 the charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows.. Not later than 1 year.. £7,800 {2024: £7,800). 19 Rolated Party Transactions For remuneration of key management personnel, see note 9. The charity has not entered into any related paty transaction during the year, nor are there any outstanding balances owing between related parties and the charity at 31 December 2025. 18
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 20 Subscriptions from Registering Authority Members for 2025 and Foal Levies for 2024 Subscription Foal Levy geria Argentina ALJStralia ALJStria Azerbaijan Bahrain Belgium Bolivia Brazil BLJlgaria Canada Chile China Colombia Croatia Czech Republic Denmark Ecuador Egypt Estonia Finland France Germany Hungary Iran Isanclionsl Iraq Israel Italy Japan Jordan Kazakhstan KLJwait Office National De Developpemenl Des Elevages Equins Slud B(x)k Argentino The Arabian Horse Society of Australia Ltd Verband de Vollblularaber-zuchler Osterreich Azerbaijan Arabian Stud Book, Equestrian Federation Royal Arabian Slud of Bahrain Belgisch Arabisch Paardenslamboek vzw ACCA-Bolivia AssociaFao Brasileira dos Criadores do Cavalo Arabe Bulgarian Arabian Sludbook Authority Canadian Arabian Horse Registry Sociedad de Fomenlo Argricola de Temuco China Arabian Horse Association Asociacion Colombiana de Criadores de Caballos Arabe Croatian Arabian Stud Book Association Purebred Arabian Horses ACHPAK Dansk Selskab for Arabisk Hesleavl Asociacion de Criadores de Caballos Arabes del Ecuador Egyptian Agricultural Organizalion Estonian Horse Breeders Society, Arab Horse Slud Book Suomen Hippos RY - Finnish Arabian Horse Slud Book l.F.C.E. S.l.R.E. Slud Book FranGais du Cheval Arabe Verband der Zuchter des Arabischen Pferdes e.V. Society of Hungarian Arabian Horse Breeders Equestrian Federation of Iran, Arabian Horse Sludbook Iraqi Arabian Horse Organization Israel Arab Horse Registry Associazione Nalionale Ilaliana Cavallo Arabo Japan Association for International Racing & Stud Book The Royal Jordanian Slud B(x)k Authority Kazakh Association of Purebred Arabian Horses Kuwait Arabian Horse Registry Society for Protection & Improvement of the Arabian Horse in Lebanon Libyan Arabian Horse Breeders Society Lithuanian Afftbian Horse Breeders Association Sociélé Royale D'Encouragement Du Cheval Arab Horse Breeders Society of Namibia Ar8bische Volbloedpaardenstamboek in Nededand 750 750 750 650 550 750 750 550 750 650 650 750 750 550 550 550 650 650 750 550 550 750 750 550 750 650 750 750 550 750 550 750 360 764 992 200 100 550 1,096 100 488 200 200 360 400 100 100 100 200 200 6,000 100 100 5,536 1,308 100 2,000 200 3,356 2,879 600 100 2,872 Lebanon 550 100 Libya Lithuania Morocco Namibia Netherlands 750 550 750 650 650 320 100 2,704 200 200 Sub total carried forward- 25,300 35,285 19
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 20 Subscriptions from Registering Authority Members for 2025 and Foal Levies for 2024 (continued) Subscription Foal Levy Sub total brought forward 25,300 35.285 New Zealand Norway Oman Pakistan Poland Portugal Qatar New Zealand Arab Horse Breeders Society Inc. Norwegian Arab Horse Society The Royal Cavalry, Arabian Horse Stud Book Pakistan Arabian Horse Society Jockey Club of Poland, Polish Arabian Slud Book Associa¢ao Portuguesa do Cavalo Arabe Qatar Arabian Horse Registry, Racing & Equestriarb Club Agentia Nalionala pentru Ameliorare si Reproductie in Zoolechnie The Russian Arabian Stud Book, Association Rosplemkonzavod King Abdul A2iz Arabian Horses Cenler Serbian Association for Purebred Arabian Horses Narodny Zrebcin Topolcianky Slovenian Arabian Slud Book Authority The Arab Horse Society of South Africa Asociacion Espanola de Criadores de Caballos Arabes Swedish Arab Horse Registry Schweizer Zuchtgenossenschaft fuer Arabische Pferde Arabian Horse Office. MAAR Fondation Nationale D'Amelioralion de la Race Chevaline Turkish Arabian Horse Registry, Ministry of Agriculture Emirates Arabian Horse Society The Arab Horse Society Purebred Arabian Trust, Arabian Horse Association Sociedad Criadores de Caballos Arabes del Unjguay ASOARABE Arab Horse Society of Zimbabwe 650 550 750 650 750 650 200 100 436 200 2,409 200 750 3,420 Romania 650 200 Russia {sanctionsl Saudi Arabia Serbia Slovakia Slovenia South Africa Spain Sweden Switzerland Syria Isanctionsl Tunisia 750 512 750 550 550 650 750 750 650 550 750 6,000 100 100 200 744 1,856 200 100 1,472 1,592 6,000 5,276 552 6,000 248 750 Turkiye U.A.E. 750 750 750 750 750 550 550 U.S.A. Uruguay Venezuela Zimbabwe 100 43.000 73.502 Total- 20
Docusign EnvelopÈ ID". OCBD3272-EC5D-8FgF-830A474F5376D381 Sch 2019 Syria Total for 2019 1,172 2020 Syria Total for 2020 560 560 2021 Syria Total for 2021 560 560 550 2022 Iran Russia Syria Total for 2022 750 750 750 2,976 586 600 2023 Iran Russia Serbia Syria Total for 2023 750 750 550 750 3096 772 100 2,020 2024 Ageria Ecuador Iran Oman Romania Russia Serbia Syria Venezuela Total for 2024 750 650 750 750 650 750 550 750 550 570 200 2,000 615 200 812 100 1,624 2025 Ageria Brazil Colombia Ecuador Iran Isanctionsl Israel Libya Oman Romania Russia Isanclionsl Saudi Arabia Serbia Syria Isanctionsl Uruguay Venezuela 750 750 550 650 750 750 750 750 650 750 750 550 750 360 488 100 200 2,000 3,356 320 436 200 512 6,000 100 1,472 248 750 550 Total for 2025 Total Registering Authority Members outstanding at 31 December 2025 £21,650 £34,355 21