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 all￿ated 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