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 s￿ne￿ 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 re￿iVed 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 In￿Me
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