Finances
Financial Information in detail
Expenditure
| Total Expenditure 2008 | £1,800,374 |
| Charitable Activities | £1,701,838 |
| Trading in Educational Courses and Materials | £42,713 |
| Governance Costs | £41,561 |
| Fundraising Events & Costs of Generating Voluntary Income |
£14,262 |
For every £1 donated, 95p is spent on direct charitable activities to promote Prem Rawat’s message both here in the UK and around the World.
The other 5p has been used to raise further income and ensure that we make the most out of the income that we receive.
For further information related to HDSK's Charitable activities please see next section (Charitable Expenditure) and please take the opportunity to review our annual report and accounts in full by following the link below.
View or download the annual report and accounts of HDSK (Please note that the charity changed its name from Elan Vital to HDSK on 1 January 2010. Therefore all prior year accounts refer to the charity as Elan Vital)
Definitions
Resources expended on charitable activities comprise all the resources applied by the charity in undertaking its work to meet its charitable objectives, as opposed to the cost of raising the funds to finance these activities and governance costs.
Trading in Educational Courses and Materials are those costs incurred by the charity’s wholly owned trading subsidiary, HDSK Trading Ltd, during the course of its trading activities.
Governance Costs are those costs associated with the governance arrangements of the charity which relate to the general running of the charity.
Fundraising Events and Costs of Generating Voluntary income are those costs associated with generating income for the charity.
Charitable Expenditure
| Expenditure on Charitable Activities 2008 | £1,701,838 |
| International Grants | £1,079,642 |
| National Events | £215,279 |
| Branches Events | £91,570 |
| Support Costs | £75,109 |
| Staff Costs | £88,031 |
| Other Costs and Depreciation | £79,520 |
| Educational Materials | £45,021 |
| Advertising | £27,666 |
International Grants
Please see Note 6 on Page 17 of the accounts for a full list of the beneficiaries of HDSK's grants.
The grants that the Charity makes are in support of the following activities:
•International Tours and Events
In 2008 Prem Rawat spoke by invitation at 70 events in 15 different countries, to audiences totalling more than three hundred thousand. The Charity made a significant contribution to making these events happen.
•Materials & Broadcasts
Those interested in learning more about Prem Rawat’s message can read, see, and listen directly to his presentations through an extensive range of written materials, DVDs, CDs and Internet, whose production costs are supported by grants from the Charity.
•International Outreach Projects
During 2008 the Charity was pleased to provide grants that, through the International Outreach Project, have supported the promotion of Prem Rawat's message as far afield as Ghana and the Philippines, Cameroon and Thailand. First launched in 2006. the International Outreach Project is an initiative for promoting the teachings of Prem Rawat, around the world, and particularly in developing or other regions, which would otherwise lack the resources to be able to promote Prem Rawat's message as effectively. Examples of the Charity's support (provided by way of international grant) may include the provision of supplies of CDs and DVDs and the donation of a DVD player and other logistical support.
•Support Costs
These are costs relevant to the undertaking of charitable activities and include an apportionment of such overheads, as premises and facilities, staff costs, information technology and depreciation.
•Branches Events
For administrative purposes, the country is divided into regions. Each region has its own voluntary officials of the Charity including in each case an area treasurer. Local events are held, year round, throughout the UK, in local halls hotel rooms and similar venues at which are shown videos and broadcasts of Prem Rawat's worldwide presentations. During 2008 there were approximately 840 such events throughout the country.
Income
| Total Income 2008 | £1,662,070 |
| Donations, Gifts and Bequests | £1,589,053 |
| Fundraising Events | £11,264 |
| Trading in Educational Courses and Materials | £52,358 |
| Other income | £9,395 |
By far the main source of income comes from voluntary donations generously contributed by individuals, who want to help to ensure that Prem Rawat’s message of peace is heard by as many people as possible. Restricted Funds totalling £48 are included in the above figures.