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2025-12-31-accounts

ANNUAL REPORT OF THE TRUSTEES OF HDSK FOR THE YEAR ENDED 31 DECEMBER 2025

The Trustees present their annual report and accounts for the year ended 31 December 2025.

The Trustees are satisfied with the performance of the Charity during the year and the position at 31 December 2025 and consider that the Charity is in a satisfactory position to continue its activities during the coming year, and that the Charity's resources are adequate to fulfil its obligations in view of the undertakings of continued support received.

SUMMARY OF THE YEAR

In 2025 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 The foremost and most effective way of 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 Stichting Words of Peace Global message.

In 2025, 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 two events held in the UK as follows:

20 July Intercontinental London The O2 1688 attendees 23 July Hilton London Heathrow Airport Terminal 5 520 attendees

These events cost a total of £188,545 to produce and were fully covered by a combination of ticket sales and donations.

Both events were 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.

Volunteers of HDSK also made a significant contribution by assisting with preparation, staffing information stands, engaging with members of the public and distributing information. Their involvement not only supported fundraising efforts but also helped to ensure those attending the events received further information about Prem Rawat's message and knew how to follow up after should they wish to do so.

Information about the Intercontinental London The O2 event was also posted in Time Out, London's premier listings guide, generating a significant number of views from the public and click-throughs for more details.

Throughout the year, HDSK also helped disseminate information about local activities around the country through its mailing list.

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ANNUAL REPORT OF THE TRUSTEES OF HDSK FOR THE YEAR ENDED 31 DECEMBER 2025

During 2024, the Charity continued to offer The Keys for sale at cost, including in USB format, via the internet. As the Peace Education and Knowledge (PEAK) programme has become more widely established and accessible, the Charity decided that from 2025 interested individuals will be directed to the PEAK programme as the main route for those wishing to learn more.

-person event where

the practical steps for experiencing selftaught, 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 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 learned the practical techniques of self-knowledge but want to refresh their understanding, regular review events are also made available throughout the country; it is intended that these reviews will continue during 2026 and thereafter, including for those who .

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 20 such events during 2025: 9 Knowledge sessions and 11 Knowledge Review sessions.

With the help of key volunteers, work began during 2024 on an updated and modernised version and has been well received.

In summary, the core activities of the Charity are as follows:

  1. Inviting Prem Rawat to speak at events in the UK

  2. Arranging events at which people can be taught or review the techniques of Knowledge

  3. Database and website maintenance

  4. Supporting various initiatives to promote Prem message, in the UK and internationally, as agreed from time to time

The Trustees wish to express their thanks for the continuing support received from the many volunteers and other supporters, throughout the year, whose enthusiasm, consistent commitment, and generosity enable HDSK to fulfil its objectives.

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ANNUAL REPORT OF THE TRUSTEES OF HDSK FOR THE YEAR ENDED 31 DECEMBER 2025

Name, registered office and constitution of the Charity

Name: HDSK Charity registration number: 1016818 Registration as a Charity: 28 January 1993 Registered office: 148 Portland Road, Hove, BN3 5QL

Trustees: Roland Peter Klepzig James William Shaw Frederick Grant

Bankers: Lloyds Bank plc, 74/78 Church Road, Hove, East Sussex BN3 2EE

Solicitors: Bates Wells Braithwaite LLP, 10 Queen St Pl, London EC4R 1BE

Independent Examiner: Jason Foxwell FCCA FCIE, PO Box 9846, Poole, BH15 9JZ

OBJECTIVES AND ACTIVITIES OF THE CHARITY

education in the understanding and realisation of human potential through self-knowledge based upon the teachings of Prem Pal Singh Rawat k/a 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 events organised each year within the UK and throughout the world, are not only

those in the UK. These consist of:

Live presentations by Prem Rawat

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ANNUAL REPORT OF THE TRUSTEES OF HDSK FOR THE YEAR ENDED 31 DECEMBER 2025

These activities are explained in greater detail, as follows:

1. Inviting Prem Rawat to the UK to speak at events, at which he can personally present his message and his teaching.

At such events, Prem Rawat addresses and often interacts with

2. International support

In 2025 the Trust continued to work closely with WOPG. 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 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 2025 outreach initiatives have included:

Financial support for the Charity has continued at satisfactory levels, in line with budget and as

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 onal initiatives for the future will continue to ensure that mainstream UK activities continue to be adequately funded.

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ANNUAL REPORT OF THE TRUSTEES OF HDSK FOR THE YEAR ENDED 31 DECEMBER 2025

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 watch the broadcasts, read the materials, and continue to put the message into practice appreciate the benefits it brings to their own lives.

The Trustees are satisfied that the benefits described above are consistent with the Charity

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitutional Structure

HDSK was established as a charitable trust (under the name Elan Vital) by Deed of Trust 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 now vested in the Trustees for the time being, following the dissolution of the named Settlor (Elan Vital Foundation) in 2025. The minimum number of trustees is three and the maximum is seven.

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.

Organisational Structure

The management of the Charity is the responsibility of the Trustees, who work closely in this 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.

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ANNUAL REPORT OF THE TRUSTEES OF HDSK FOR THE YEAR ENDED 31 DECEMBER 2025

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 message available on a worldwide basis.

As at 31 December 2025 the Charity had a total staff of 7: 3 full-time employees, 1 parttime 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 Complaints.

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 thi 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.

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ANNUAL REPORT OF THE TRUSTEES OF HDSK FOR THE YEAR ENDED 31 DECEMBER 2025

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 31 December 2025 recorded net expenditure over income of £24,533. Total reserves now stand at £1,507,920, all of which is unrestricted. By comparison, the year ended 31st December 2024 recorded net expenditure over income of £345,379, all unrestricted. Total reserves in 2024 stood at £1,532,453, all of which was unrestricted.

Total income for the year ended 31 December 2025 amounted to £368,073 compared to £215,598 in the previous year, an increase of £152,475 from 2024. There were no grants received by the Charity during 2025. Voluntary donations received by the Charity into the unrestricted general fund for the period totalled £153,069 (2024: £79,023).

Total expenditure for the year ended 31 December 2025 amounted to £392,606 compared to £560,977 in the previous year, a decrease of £168,911 from 2024.

In line with SORP (FRS 102), expenditure is analysed into two main categories; charitable activities and raising funds for the charity. In 2025, £392,099 expenditure relates to charitable activities (2024: £560,513) and £507 relates to raising funds (2024: £464).

Financial position and Reserve Policy

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 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 2025; the final balance of the legacy is expected to be received in 2026, and will also be applied, accordingly.

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ANNUAL REPORT OF THE TRUSTEES OF HDSK FOR THE YEAR ENDED 31 DECEMBER 2025

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 objectives. This policy is based on the fact that the Trust has low fixed costs, which are budgeted mainly 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 satisfied 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

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:

Make judgements and estimates that are reasonable and prudent;

The Trustees are responsible for:

Approved by the board of Trustees on.............................. and signed on its behalf:

James Shaw Trustee

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HDSK

FOR THE YEAR ENDED 31 DECEMBER 2025

I report to the charity trustees on my examination of the accounts of the Trust for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in 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.

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 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 12 Hillbourne Road, Poole, BH17 7JB

Date:

9

HDSK

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 DECEMBER 2025

Note
Income from:
Donations and grants
2
Charitable activities:
Events
Sale of keys
Investment income
Other income
3
Total
Expenditure on:
Raising funds
Charitable activities
4
Total
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
153,069
158,146
-
16,352
40,506
368,073
507
392,099
392,606
(24,533)
1,532,453
£1,507,920		 Total
Total
2025
2024
£
£
153,069
79,023
158,146
81,610
-
121
16,352
14,262
40,506
40,582
368,073
215,598
507
464
392,099
560,513
392,606
560,977
(24,533)
(345,379)
1,532,453
1,877,832
£1,507,920
£1,532,453

The notes on pages 12 to 17 form part of these financial statements.

10

HDSK

BALANCE SHEET AS AT 31 DECEMBER 2025

FIXED ASSETS
Tangible Assets
Investments
CURRENT ASSETS
Debtors
Cash at Bank & in hand
CREDITORS
Amounts falling due within
one year
NET CURRENT ASSETS
NET ASSETS
FUNDS
Unrestricted Funds - General
-
Designated
TOTAL FUNDS		 Note
9
10
11		 2025
£
£
2,299
1
2,300
805,750
706,760
1,512,510
(6,890)
1,505,620
£1,507,920
1,477,920
30,000
£1,507,920		 2024
£
£
1,098
1
1,099
809,130
727,884
1,537,014
(5,660)
1,531,354
£1,532,453
1,502,453
30,000
£1,532,453

and were signed on its behalf by:

James Shaw Trustee

The notes on pages 12 to 17 form part of these financial statements.

11

HDSK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1. 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 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).

(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 objectives 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 allocated to activity cost categories on the basis consistent with the use of resources.

In line with SORP 2015 (FRS 102), expenditure is analysed 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 2025 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) Material Legacies

Legacy income is only included in income where the legacy has been received, or both the receipt and the amount is known with sufficient certainty.

2. Income from donations and grants

General donations
Gift aid donations & tax credits
Legacy income
Other income
Other income		 Unrestricted
Fund
£
75,487
77,582
-
153,069
Unrestricted
Fund
£
40,273
233
40,506		 2025
Total
£
75,487
77,582
-
153,069
2025
Total
£
40,273
233
40,506		 2024
Total
£
32,083
46,940
-
79,023
2024
Total
£
40,576
6
40,582

3. Other income

As from April 2016, one member of staff has been seconded to Words of Peace Global (WOPG) (P.O. Box 20627, 1001 NP, Amsterdam, The Netherlands). WOPG paid the total staff costs of £40,273 (2024: £40,576) for this secondment.

13

HDSK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 CONTINUED

4. Expenditure on charitable activities

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
Ticket processing fees
Depreciation & loss on disposal
Other costs
Support costs
Salaries & other staff costs
Premises & facilities
Insurance
Bank charges and exchange differences
Depreciation
Governance:
Accountancy & independent
examination		 Events
Other
2025
£
£
£
50,000
-
50,000
63,000
3,977
66,977
98,615
-
98,615
1,528
202
1,730
4,000
-
4,000
46,899
43,654
90,553
931
-
931
3,334
635
3,969
830
1,425
2,255
-
10
10
-
5,573
5,573
9,054
-
9,054
4,457
-
4,457
-
275
275
2,335
1,178
3,513
284,983
56,929
341,912
8,969
26,908
35,877
2,406
7,219
9,625
520
1,561
2,081
263
790
1,054
122
364
486
267
798
1,064
12,547
37,640
50,187
297,530
94,569
392,099		 2024
£
300,000
42,538
61,498
193
320
91,162
378
3,971
2,271
506
5,549
2,875
-
319
2,841
514,421
33,321
8,635
1,916
899
281
1,040
46,092
560,513

Support costs

Support costs are apportioned on the basis of staff time. The charity initially identifies the costs of its support functions, classified as above. 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 2025 CONTINUED

5. Net movement in funds

2025
£
This is stated after charging:
Depreciation
766
1,075
6.
Staff costs
2025
£
Wages and salaries
86,897
Social security costs
9,429
Pension
-
96,326
The average monthly number of employees (FTE) during the year was as
2025
3.25
No employee received emoluments in excess of £60,000 (2024: nil).		 2024
£
603
1,050
2024
£
86,946
7,383
-
94,329
follows:
2024
4.25

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 (2024: £nil) in the year.

7. Related party disclosures

of Peace Global, (WOPG); PO Box 20627, 1001 NP, Amsterdam, The Netherlands, (RSIN 819929803) as President, Chief Executive Officer and Treasurer. The Trust works closely w message.

In 2025, HDSK continued to work closely with WOPG and paid a grant of £50,000 (2024 - £300,000) to the charity.

15

HDSK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 CONTINUED

8. Trustee remuneration and expenses

No trustee received any emoluments or were reimbursed any expenses (2024: £nil) during the year.

9. Tangible Fixed Assets

General
Equipment
Fixtures &
fittings
£
£
Cost:
At 1 January 2025
6,305
-
Additions
-
639
6,305
639
Depreciation:
At 1 January 2025
5,977
-
Charge for the year
82
160
At 31 December 2025
6,059
160
Net Book Value:
At 31 December 2025
246
479
At 31 December 2024
328
-
10.
Debtors
Legacy income receivable (see note 12)
Gift Aid receivable
Deposits
Prepayments
11.
Creditors
amounts falling due within one year
Trade creditors
Other taxes & social security costs
Other creditors
Accruals		 Fixtures &
fittings
£
-
639
639
-
160
160
479		 Computer
Equipment
£
2,611
1,328
3,939
1,841
524
2,365
1,574
770
2025
£
800,000
1,000
316
4,434
805,750
2025
£
2,327
2,356
1,056
1,151
6,890		 Total
£
8,916
1,967
10,883
7,818
766
8,584
2,299
- 1,098
2025
£
800,000
1,000
316
4,434
805,750
2025
£
2,327
2,356
1,056
1,151
6,890		 2024
£
800,000
4,000
316
4,814
809,130
2024
£
2,466
1,218
830
1,146
5,660

16

HDSK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 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. £300k was received by the charity in March 2023 and £800k received in 2024 with further sums due in 2026. A full reconciliation of the final amount will take place in a future set of accounts.

17