ANNUAL REPORT OF THE TRUSTEES OF HDSK FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annuaL report and accounts for the year ended 31 December 2024. The Trustees are satisfied with the performance of the Charity during the year and the position at 31 December 2024 and consider that the Charity is in a Satisfactory position to continue its activities during the coming year, and that the Charitys resources are adequate to fulfil its obligations in view of the undertakings of continued support received. SUMMARY OF THE YEAR In 2024 the Charity has maintained its commitment to the promotion of self-knowledge, based on the teachings of Prem Rawat {Maharaji), and that message continues to generate enthusiastic interest around the world. In the UK, the activities of the Charity are concentrated on providing support for the promotion of Prem Rawat's message. The foremost and most effective way for promoting the message continues to be through events at which Prem Rawat speaks to present his message, in person. The Charity maintains a successful working relationship with Dutch Charity Stichtins Words of Peace Global (WOPG) which acts as the fulcrum for the international promotion of Prem Rawat's message. In 2024, Prem Rawat has continued to speak by invitation at events, in Europe and around the world. These events were attended by those interested in his message of peace, many of whom were listening to him in person for the first time. Many supporters of the Charity were able to attend one or more of these international events. In the UK, Prem Rawat was the keynote speaker at an event held in the UK as follows: 08 June Brighton 1908 attendees The event cost £107,414 to produce. Expenses for the Brighton event were mostly covered by a combination of Ticket Sale5 £81,610, Donations £12,547 and Gift aid £1,323. The overall deficit was £11,934 which was paid from the general funds of HDSK. The event was very successful and HDSK worked with communities and others to ensure as many new guests as possible could attend by providing a wide range of tickets at affordable prices. A clear path has been established for those that become interested in learning more about Prem Rawat's message following an initial introduction. which they can follow entirely at their own i nitiative and at their own pace. This pathway leverages 'The Keys,, a media-enabled self- learning process, which provides a step-by-step learning course. The Charity continued to make the 'Keys' media available for sale, at cost, and including in USB format, via the internet during 2024. However sales of the Keys continued to decline throughout the year as a result of the growing success of the Peace Education and Knowledge {' PEAK'} programmes promoted by WOPG and others. It was therefore decided towards the end of the year to cease offering the Keys for sale during 2025 and instead direct people to the PEAK programme.
ANNUAL REPORT OF THE TRUSTEES OF HDSK FOR THE YEAR ENDED 31 DECEMBER 2024 As with Key 6, the last "chapter" of the Peak Program is presented at an in-person event where the practical steps for experiencing self-knowledge, based on Prem Rawat's message, are taught, and these events will continue to be organised by HDSK throughout the country for those that wish to attend them. Almost all who come to events to hear Prem Rawat speak in person, and those who complete the Keys and/or PEAK programme, express that they have received great benefit in individual well-being, from having a practical way, through self-knowledge, to experience the feeling of peace that exists in their own lives. For those who have previously undertaken Key 6 but want to refresh their understanding, regular Key 6 review events are also made available throughout the country" it is intended that these reviews will continue during 2025 and thereafter, including for those who have completed the 'last chapter, of the Peak Program All these sessions continue to be made available free of charge, with costs covered by donations, including the generous contributions of donors who wish others to benefit as they have. In total there were 17 of these events: 11 Knowledge sessions, 6 Knowledge review sessions during 2024. The footage from the events where Prem Rawat attended Knowledge reviews in person during 2023 continued to be made available in cornmunities free of charge and there were six such a events in 2024 attended by 235 people. With the help of some key volunteers work has begun on an updated, modernized version of HDSK'S website (completed and launched in early 2025). In summary, the core activities of the Charity are as follow5: Inviting Prem Rawat to speak at events in the UK Arranging events at which people can be taught or review the techniques of Knowledge Database maintenance Maintaining the Keys website and distribution Supporting various initiatives to promote Prem Rawat's message, in the UK and internationally. as agreed from time to time The Trustees wish to express their thanks for the continuTng support received from the many volunteers and other supporters. throughout the year, whose enthusiasm, consistent commitment, and generosity enable HDSK to fulfil its objectives.
ANNUAL REPORT OF THE TRUSTEES OF HDSK FOR THE YEAR ENDED 31 DECEMBER 2024 Name re istered office and constitution of the chari Name: Charity registration number: Registration as a Charity: Registered office: HDSK 1016818 28 January 1993 148 Portland Road, Hove, BN3 SQL Trustees: Roland Peter Klepzig James WiLliam Shaw Frederick Grant Bankers: Lloyds Bank plc, 74178 Church Road, Hove, East Sussex BN3 2EE Solicitors: Bates Wells Braithwaite LLP, 10 Queen St Pl, London EC4R 1 BE Independent Examiner: Jason Foxwell FCCA FCIE, PO Box 9846, Poole, BH15 9JZ OBJECTIVES AND ACTIVITIES OF THE CHARITY The objectives of the Charity are set out in the Trust Deed, and are "to advance public education in the understanding and realisation of human potential through self-knowledge based upon the teachings of Prem Pal Singh Rawat kla 'Maharaji' The Trustees have found from years of practical experience that, among the ways which the Charity employs to achieve its charitable objectives, the addresses given by Prem Rawat in person, at the event5 organised each year within the UK and throughout the world, are not only highly effective but are also instrumental to the success of the Charity's other activities. In the UK the Charity's objectives have continued to be pursued in the following way5, all of which flow from Prem Rawat's personal attendance at the events described above, including those in the UK. These consist of: Live presentations by Prem Rawat Support for the international promotion of Prem Rawat's message Websites, Keys distribution, information and events Collaboration with WOPG in relation to the above, and generally in support of the promotion of Prem Rawat's message.
ANNUAL REPORT OF THE TRUSTEES OF HDSK FOR THE YEAR ENDED 31 DECEMBER 2024 These activities are explained in greater detail, as follows: I nvitin Prem Rawat to the UK to s his messa e and his teachin eak at events at which he can ersonall resent At such events, Prem Rawat addresses and often interacts with those who have never previously had an opportunity to listen to him in person; those who have heard him speak before, who want to learn more of his message and teachings; and those who already enjoy hearing him and have benefited from 'Knowledge' as a practical way of experiencing self-knowledge. In June of 2024 the Charity was pleased to support the event mentioned above in conjunction with WOPG. International su ort In 2024 the Trust continued to work closely with WOPG. WOPG'S remit is now mainly focused on supporting the worldwide events attended by Prem Rawat. It also continues to keep people from all around the world in touch via its website and emails, and uses various media including YouTube and the website to make its extensive library of audio and visual materials available for people to view free of charge. These materials comprise compilations from or complete broadcasts of Prem Rawat's worldwide presentations and have been shown to be a very effective tool in introducing members of the public to his message. ACHIEVEMENTS PERFORMANCE AND PUBLIC BENEFIT A review of the activities undertaken by the Charity is set out under Objectives and Activities, above. As mentioned above, in 2024 outreach initiatives have included: Arranging and supporting the live event in Brighton with Prem Rawat Maintenance of the Keys distance learning program Support for the international promotion of Prem Rawat's message Financial support for the Charity has continued at satisfactory levels, in line with budget and as required to cover the Charity's core activities. The Trustees and management team have always recognised that the success and stability of the Charity, since its inception, is founded on the broad base of support from those who enjoy Prem Rawat's presentations. The Charity's activities to develop promotional initiatives for the future will continue to ensure that mainstream UK activities continue to be adequately funded.
ANNUAL REPORT OF THE TRUSTEES OF HDSK FOR THE YEAR ENDED 31 DECEMBER 2024 The message which Prem Rawat delivers represents the continuation of an oral teaching tradition, whose origins predate this era by many thousands of years. This tradition seeks to promote an understanding within each individual, referred to as self-knowledge, that can enable a feeling of peace, fulfilment and happiness. The Charity seeks to make this message available to all who are interested in the UK, and actively supports the promotion of the message internationally. Those who have undertaken the 'Keys' self-learning process and continue to practice, and those who simply enjoy watching the broadcasts and/or reading the materials, are appreciative of the benefits to be felt in their own lives. The Trustees are satisfied that the benefits described above are consistent with the Charity Commission's guidance on public benefit. STRUCTURE GOVERNANCE AND MANAGEMENT Constitutional Structure HDSK was established as a charitable trust (under the name Elan Vital) by Deed of Trust dated 22 October 1991 ('the Trust Deed,). The name of the Charity was changed to HDSK with effect from 1 January 2010. The Trust Deed provides that the statutory power of removing a trustee or trustees and of appointing new or additional trustees is vested in the Settlor during its existence and thereafter in the Trustees for the time being. The minimum number of trustees is three and the maximum is seven. The named Settlor is Elan Vital Foundation of Hirschmattstrasse 36, 6002 Luzern, Switzerland. The general powers of the Trustees are set out in the Trust Deed and include the power to organise and hold conventions and conferences, both in the UK and throughout the world, and to co-operate with other organisations carrying out similar work in organising and holding such conventions and conferences and other meetings, and to contribute to the cost of these activities. The Trust Deed gives the power of investment to the Trustees including the power to invest in the purchase or acquisition of real or personal property rights or interests of every kind. There are no specific restrictions imposed by the Trust Deed concerning the way in which the Charity may fulfil its objectives. Or ani5ational Structure The management of the Charity is the responsibility of the Trustees, who work closely in this regard with the Trust's Senior Finance and Operational Manager and with key volunteers. This management team meets formally or informally, and its members liaise regularly throughout the year, via email and telephone conference calls, to review the activities, policies and progress of the Charity.
ANNUAL REPORT OF THE TRUSTEES OF HDSK FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees and other representatives of the Charity meet regularly with representatives of other not-for-profit organisations around the world, with objectives similar to those of the Charity, in order to promote cooperation and liaison in the convening of events and other initiatives for making Prem Rawat's message available on a worldwide basis. As at 31 December 2024 the Charity had a total staff of 7: 3 full-time employees, 1 part- time employee, and 3 part-time contractors. Their costs have been allocated with regard to their time spent under the appropriate cost headings. Governance Risk assessment Policies and Procedures and Com laints. Good governance has always been recognised as the cornerstone of the management of the Charity. the Trustees work closeLy with the Senior Finance and Operational Manager who in turn works with the staff and volunteers involved to ensure that there are strong financial controls in place and the Trustees are therefore confident that the fiscal integrity of the Charity has at all times been maintained. The Trustees have prepared a Risk Schedule and this is kept under review including as to appropriate priorities, and scores for frequency and consequences. The Trustees have identified that a major risk to which the Charity Is exposed is that of Health and Safety at local video and broadcast events and in particular at International events held in the UK. The Trustees have adopted a Health and Safety Policy, which includes risk assessments of these events, and this policy is implemented by the Charity's appointed Health and Safety manager and a team of volunteers, many of whom have attended appropriate internal and external training courses. Much of the work of the charity is conducted by volunteers, and the Trustees have adopted a volunteer policy, set out in its People Manual, comprising policies including the HDSK Ethical Policy, the Statement of Purpose, Policy on Volunteering, Volunteer Agreement, Equal Opportunities Policy, Code of Conduct, Advertising Policy, Induction Policy, Duty of Care, Grievance Procedure and Disciplinary Procedure. All of this information, where it is not already available on HDSK'S website, www.hdsk.org.uk, can be provided on request. Financial risk assessments are carried out regularly by a sub group of Trustees and the Senior Finance and Operational Manager. PR risk assessments are also carried out by a sub group of Trustees, in conjunction with key volunteers with experience in this area" where necessary advice is obtained from specialist media lawyers and consultants. In relation to volunteers, any complaints and concerns are dealt with in accordance with the policies, particularly the grievance procedure, set out in the People Manual.
ANNUAL REPORT OF THE TRUSTEES OF HDSK FOR THE YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW Overview The financial statements are set out on pages 10 to 17. The financial statements have been prepared in accordance with 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 2015). The year ended 31st December 2024 recorded net expenditure over income of £345,379. Total reserves now stand at £1,532,453. all of which is unrestricted. By comparison, the year ended 31st December 2023 recorded net expenditure over income of £91,536, all unrestricted. Total reserves in 2023 stood at £1,877,832, all of which was unrestricted. Total income for the year ended 31st December 2024 amounted to £215,598 compared to £493,480 in the previous year, a decrease of £277,882 from 2023. There were no grants received by the Charity during 2024. Voluntary donations received by the Charity into the unrestricted general fund for the period totalled £79,023 {2023: £191,114). Total expenditure for the year ended 31st December 2024 amounted to £560,977 compared to £585,016 in the previous year, a decrease of £24,039 from 2023. In line with SORP (FRS 102), expenditure is analysed into two main categories; charitable activities and raising funds for the charity. In 2024, £560,513 expenditure relates to charitable activities (2023: £584,437) and £464 relates to raising funds (2023: £579). Financial osition and Reserve Poli The financial position of the Charity IS satisfactory and the Trustees have satisfied themselves that the current level of activities can be maintained for the foreseeabLe future. All assets of the Charity other than those donated for specific purposes in which case are held in a restricted fund, are held in the unrestricted general fund. The assets of the Charity are all held for the purpose of its objects and none have a value materially different from that shown in the accounts. The Trustees have decided that it is prudent to designate the sum of £30,000 from its free unrestricted liquid reserves for the purpose of a contingency to ensure statutory costs (including staff and premises) could be met in full should donations fail to reach their expected level in any particular year. In 2022 it was recognised that in 2023 the Charity would likely be in receipt of a significant (but one off) legacy. In 2023 the Trustees resolved that part of that legacy should be applied to make provision to cover 'normal' expenditure, including normal operational and UK event costs, and part should be retained to be made available to contribute to the cost of international events, supported by WOPG. this policy continued to be applied in 2024. the final balance of the legacy is expected to be received in 2025, and will also be applied, accordingly.
ANNUAL REPORT OF THE TRUSTEES OF HDSK FOR THE YEAR ENDED 31 DECEMBER 2024 Subject to the above it continues to be the policy of the Trustees not to hold other general reserves but rather to maximise the application of income in furtherance of the Trust's objectives. This policy is based on the fact that the Trust has low fixed costs, which are budgeted to be covered by fixed income from standing orders and other regular income throughout the year. In any year the major financial commitment may comprise the cost of holding or supporting a major international event in the UK. A detailed budget is carefully worked out for each such event in advance and the Trustees do not commit to supporting such an event unless they are satlsfied that funds raised from those attending the event, and other donations, will more than cover the cost as has always been the case in the past. STATEMENT OF TRUSTEES, RESPONSIBILITIES The Charities Act 2011 requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit for that period. In preparing those financial statements, the Trustees are required to: Select suitable accounting policies and then apply them consistently. Make judgements and estimates that are reasonable and prudent; Comply with applicable accounting standards subject to any material departures disclosed and explained in the financial statements, and whether the financial statements have been prepared in accordance with the Charities SORP; and Prepare the financial statements on the going concern basis unless it Is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for: Keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. and Safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 2810512025 Approved by the board of Trustees on.-............................ and signed on its behalf: James Shaw Trustee akvei James Shaw Ihlay 28, 2025 10:49 GMT+21
HDSK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 I report to the charity trustees on my examination of the accounts of the Trust for the year ended 31 December 2024. Responsibilities and basis of report As the charity trustees of the Trust you are respx)nsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. Accounting records were not kept in respect of the Trust as required by section 130 of the Act" 2. The accounts do not accord with those records; or 3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. 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 accounts to be reached. Jason Foxwell FCCA FCIE independent-examiner. net PO Box 9846, Poole, BH15 9JZ Date: 28 May 2025
HDSK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 DECEMBER 2024 Note Unrestricted Funds Total 2024 Total 2023 Income from: Donations and grants Charitable activities: Events Sale of keys Investment income Other income Total 79,023 79,023 191,114 81,610 81,610 121 14,262 40,582 215,598 204,930 216 2,059 95,161 493,480 14,262 40,582 215,598 Expenditure on: Raising funds Charitable activities Total 464 560,513 560,977 464 560,513 560,977 579 584,437 585,016 Net movement in funds (345.379) (345.379) (91,536) Reconciliation of funds: Total funds brought forward 1.877,832 1,877,832 1,969,368 Total funds carried forward £1.532,453 £1,532,453 £1,877,832 The notes on pages 12 to 17 form part of these financial statements. 10
HDSK BALANCE SHEEf AS AT 31 DECEMBER 2024 2024 2023 Note FIXED ASSETS Tangi ble Assets Investments 1,098 1,700 1,099 1,701 CURRENT Assrrs Debtors Cash at Bank & in hand 10 809,130 727.884 1,608,725 273,958 1.537,014 1.882,683 CREDITORS Amounts falling due within one year (5,660) (6,552) NET CURRENT ASSErs 1.531.354 1,876,131 NET ASSETS £1,532,453 £1,877,832 FUNDS Unrestricted Funds - General 1,502.453 30,000 1,847,832 30,000 Designated TOTAL FUNDS £1,532,453 £1,877,832 The financial statements were approved by the board of Trustee5 on 28105/2025 and were signed on its behalf by: James Shaw Trustee James Shaw {May 28, 2025 10:49 GMT+21 The notes on pages 12 to 17 form part of these financial statements.
HDSK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (a) Basis of preparation The financial statements have been prepared under the historical cost convention and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended PractTce 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 2015). (b) Funds The Charity has various types of funds for which it is responsible:_ Unrestricted Funds - these funds are for use on the general charitable objective5 of the charity. Restricted Funds - these funds are for use as directed by the donor. HDSK does not currently have any restricted funds. (c) Income - grants Grants are recognised on an accruals basis, accounted for in relation to the period that they relate. Where grants have been received for capital items, the total grant has been disclosed in the SOFA and depreciation, in accordance with the accounting policies, has been charged against that income over the estimated useful economic life of the asset. Where grants are received during the year under review but relate to a later period the amount is deferred under Grants in Advance in the Balance Sheet. (d) Expenditure Expenditure is recognised in the period in which it is incurred. Expenditure on grants is recorded once the Charity has made an unconditional commitment to pay the grant and this has been communicated to the beneficiary or the grant has been paid, whichever is the earlier. Resources expended are allocated to the particular activity where the cost relates directly to that activity. Support costs include central functions and have been allated to activity cost categories on the basis consistent with the use of resources. In line with SORP 2015 {FRS 102), expenditure is analy5ed into two main categories; charitable activities and raising funds for the charity. Support costs have been allocated on the basis of staff time expended, (see Note 4). (e) Fixed Assets and Depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided to write down the cost less estimated residual values of tangible fixed assets over their estimated useful lives on a 25% reducing balance basis. There is a minimum value of £100 for capitalisation of fixed assets. 12
HDSK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024- CONTINUED (f) Fund Accounting The accounts distinguish between restricted and unrestricted funds. The former have been raised by the charity for specific purposes or are received from donors and are subject to restrictions on the purposes for which they may be used. Unrestricted funds are those where there are no externally imposed restrictions and are available for use at the discretion of the Trustees for expenditure on its objects or appropriated to reserves for internally designated purposes. (g) Operating Leases Rentals payable under operating leases are charged on a straight line basis over the terms of the lease. (h) A4aterFal Legacies Legacy income is only included in incoming resources where the legacy has been received, or both the receipt and the amount is known with sufficient certainty. Income from donations and grants Unrestricted Fund 2024 Total 2023 Total General donations Gift aid donations & tax credits Legacy income 32,083 46,940 32,083 46,940 59,363 51,668 80,083 191,114 79,023 79,023 Other income Unrestricted Fund 2024 Total 2023 Total Secondment to Words of Peace Global Other income 40,576 40.576 95,161 40,582 40,582 95,161 As from April 2016, two members of staff have been seconded to Words of Peace Global (WOPG) (P.0. Box 20627, 1001 NP, Amsterdam, The Netherlands). WOPG paid the total staff costs of £40,576 {2023: £95,161) for this secondment. One of the secondments ceased in August 2023. 13
HDSK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024- CONTINUED Expenditure on charitable activities Events Other 2024 2023 Direct costs Grant to WOPG Venue hire Equipment hire Supplies MC fees Salaries and other staff costs Insurance Travel, subsistence and accommodation Communication Educational materials and courses Warehousing costs Safety & security Depreciation & loss on disposal Event catering (attendees) Other costs 300.000 36,800 61,468 300,000 42,538 61,498 193 320 91,162 378 3,971 2,271 506 5,549 2,875 319 5,738 30 184 118,340 133,937 368 320 47,126 378 3,460 840 44,036 204,862 1,342 14,147 1,091 353 5,452 11,294 344 42,500 3,197 537,227 511 1,431 506 5,549 2,875 319 1,265 454,541 1,576 59,880 2,841 514,421 Su ort costs Salaries & other staff costs Premises & faciLities Insurance Bank charges and exchange differences Depreciation 8,330 2,159 479 225 70 24,991 6,476 1,437 674 211 33,321 8,635 1,916 899 281 35,829 7,621 1,542 851 303 Governance: Accountancy & independent examination 260 780 1,040 46,092 560 513 1,064 11,523 466,064 34,569 94,449 47,210 584,437 Su ort costs Support costs are apportioned on the basis of staff time. The charity initially identifies the costs of its Support functions, classified as atM)ve. These support costs are then apportioned between the key functions of the charity; raising funds and charitable activities on a percentage basis. 14
HDSK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024- CONTINUED Net movement in funds 2024 2023 This is stated after charging: Depreciation Independent examiner's fees 603 1,050 650 1,075 Staff costs 2024 2023 Wages and salaries Social security costs Pension 86,946 7,383 178,149 17,793 1,211 197,153 94,329 The average monthLy number of employees during the year was as follows: 2024 2023 4.25 No employee received emoluments in excess of £60,000 (2023: nil). HDSK considers that the key management personnel comprise the Board of Trustees and the Senior Finance and Operations Manager. The total employee benefits of the key management personnel of the charity were £nil (2023: £niL) in the year. Related party disclosures On 15th February 2017 one of HDSK'S Trustees, Roland Klepzig, was appointed to Words of Peace Global, IWOPG). PO Box 20627, 1001 NP, Amsterdam, The Netherlands, (RSIN 819929803) as President, Chief Executive Officer and Treasurer. The Trust works closely with WOPG who act as the fulcrum for the international promotion of Prem Rawat's message. In 2024, HDSK continued to work closely with WOPG and paid a grant of £300,000 to the charity. 15
HDSK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024- CONTINUED Trustee remuneration and expenses No trustee received any emoluments or were reimbursed any expenses (2023: £NIL) during the year. Tangible Fixed Assets General Equipment Computer Equiprnent Total Cost: At 1 January 2024 Di5POsals 7,041 (736) 6,305 2,782 (171) 2,611 9,823 (907) 8,916 Depreciation: At 1 January 2024 Charge for the year Disposal At 31 December 2024 6,441 109 (573) 5,977 1,682 257 (98) 1,841 8,123 366 671) 7,818 Net Book Value: At 31 December 2024 328 770 1,098 At 31 December 2023 600 1,100 1,700 10. Debtors 2024 2023 Legacy income receivable (see note 12) Gift Aid receivable Deposits Other debtors Prepayments 800,000 4,000 316 1,600,000 3,364 316 1,224 3,821 1,608,725 4,814 809,130 11. Creditors - amounts falling due within one year 2024 2023 Trade creditors Other taxes & social security costs Other creditors Accruals 2,466 1,218 830 1,146 5,660 2,487 1,827 1,043 1,195 6,552 16
HDSK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024- CONTINUED 12. Accrued legacy income HDSK have been informed that they wilL receive a substantial legacy as residual legatee. The amount is not yet certain and includes several assets and investments which have not yet been converted into cash. However, the current valuation of the total estate due to HDSK is expected to be approximately £1.9m. An accrual for this estimate has been included in these accounts. E300k was received by the charity in March 2023 and £800k received in 2024 with further sums due in 2025. A full reconciliation of the final amount will take place in a future set of accounts. 17