Charity number: 1190014 THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
THE GREAT DIVINE HOLY ORDER OF THE THIRD EIiA REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2022 Trustees Tolulope Babatunde Oloniyo. Chair Olamide Elufisayo Olagbaju. Secretary Dr Richard Babatunde Ajuwon Adeyamu Babalunde Oke Timothy Ogundana Charity rggislered nurnbar 1190014 Principal offi¢8 Trinity House 3 Bullace Lane Dartford Kent DA1 188
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA CONTENTS Page Independent examiner's report Trustees, report statement of financial activlties 8alan¢e sheet Notes lo the financial statements 7-13
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 30 JUNE 2022 Independent examiner's report to the Trustees of The Grgal Divine Holy Order of the Third Era ('the Charity'l I report to the charity Trustees on my examination of the accounts of the Charity for the period ended 30 June 2022. Responsibilities and basis of report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requiremen15 of the Charities Act 2011 I'lhe 2011 Act'}. I report in respect of rny examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145151{bl of the 2011 Act. Indgpgndent examlnerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other Ihan any requirement that the accounts give a 'true and fair. view which is not a maller considered as part of an independent examination. I have no concerns and have come across no other mallers in connection with the examination lo which allenlion should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Signed.. - Dated.. 14 Ae.,1 Sbx Stephen Fryer FCA H8dley Dunk Limited Trinity House 3 Bullace Lane Dartford Kent DA1 1BB Page 1
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2022 The Trustees presenl their annual report together with the financial statements of the The Great Divine Holy Order of the Third Era for the 1 July 202110 30 June 2022. Objèctives and activities • Policigs and objectives The charity's objects are the advancement of the Christian faith in accordance with the Slalement of Faith by any means whatsoever including bul not limited to the preaching and proclamation of Ihe Christian Gospel, and the teaching of Christian doctrine, the prevention or relief ol poverty by such means as the Trustees may from time to time think fit, and to advance Christian ethics and morality by such means as the Trustees may from time lo time. In setting objectives and planning for aclivilies, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a charity IPB21'. • Strategies for achieving objectives We started effectively in July 2020 with a new Leadership Team and church organisational slruclure. Each department now falls within a specific group and all volunteers are worf(ing together within their purview lo carry and fulfil the overall vision of the ¢hurch. In response to the Covid-19 pandemic, we have transitioned lo virtual gatherings, in 8ccordance with UK government advice and to ensure the safety of our congregation. Our setvi¢es are now via Zoom Meetings, which enables us lo reach and minister lo a much wider Members and Community of irbdividuals. We have introduced dynamic and inleraclive elements to our Zoom meetings welcoming a range of voices to the virtual pulpit to lake different segments of the Virtual services. We have held a range of Ihemed, personal development and empowering virtual seminars. facilitated by professional members sharing wisdom and engaging in inspiring discussions on a variety of topics, including-but not exclusive to,. Career, Finance, Spiritijal and physical development. Mentsl health, Children with special needs, Marriage Institution, and Parentir)g. Before Covid-19 pandemic, outd¢)oT activities lagged-The Family Fun Day, were organized, where the church members interacted with our Local community, family, and friends. Sports. games, and Lecture series were carried out. These events have been an opportunity to welcome both existing church members and those from the wider community alike. We have welcomed a range of topics and questions from the congregation lo our midweek Bible study classes, promoting private and collective study of His Word, as well as enriching, Ihought-provoking and inspiring group discussions, as we seek lo discover God's truth on the matters raised. Page 2
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 30 JUNE 2022 Objectlves and activities {¢ontinuedl Main actlvitie$ undertaken to furthèr thg Charity's purposes for tho public benefit As a Church, we have donaled and contributed lo many diverse charities that empower the vulnerable and those in challenging circumstances, especially In this unprecedented season, whilst continuing lo encourage and reach out lo ils members, providing financial and practical support where required. We have supported the following charities.. Peckham Methodist church Cenlrepoinl Homeless Charity Shelter UK NSPCC Christian Aid UNICEF Marie CuTie British Legion Alzheimer's Society Tomm$ Charity Mind Charity A¢hlevements and performance Main achiovemgnts of the Charity Our Childfen and Youth virtual ¢lasses have been fun. inleraclive, and dynamic. The teachers responsible for every age group have found unique, engaging. and diverse ways lo explore the curriculum with the youths in these unique circumstances, whilst empowerin9 them lo share and exchange with one another confidently. Financial review • Going concern After making appropriate enquiries, the Trustees have a reasonable expectation Ihal the Charity has adequate resources lo continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the a¢¢ounting policies. • Reserves policy It is the policy of the Church that Uns1cled funds which have not been designated for a specific use should be maintained al a level equivalent lo between three and six month's expenditure. The Trustees considers that reserves at this level will ensure Ihat, in the event of a significant drop in funding, they will be able lo continue Ihe Church's current activities while consideration is given lo ways in which additional funds may be raised. This level of reserves will be always maintained. Structure, governance and management Constitutlon The Great Divine Holy Order of the Third Era is a registered charity. number 1190014, and is consliluted under a Trust deed. Page 3
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 30 JUNE 2022 Strucwr•. ooveman¢e and ming•ment l¢onlinu•d) • Mtthods of appolnlm•nt or •le¢tlon of Trusle•s The management of the Charity is the responsibilty of the Trustees are elected and c¢x>pted under the tenrts of the Trust deed. Membèrs. Ilablllty The membe of the Charity guarantee to contrtbute an amount not exeding £1 to the assets of the Charity In the event ofwinding up. Statement of Tru5tees' r•sponslbllfti¢5 The Tnjslees are responsible for preparing the Trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunlled Kingdom Generally ApIed Accounting Practice). The law applicable to charities In England & Wales requires the Trustees to prepare finanual Statents for eath financial which give a true and fair view of the stale of affai of the Charity and of ils incoming resources and application of resources. induding its Kicome and expenditure. for that peritsJ. In preparing these financ4al statements, the Trustees are required to: select suilable aUnting policies and then apY them consistenty. observe the rnethc#Js and principles of the Charities SORP {FRS 102),. make judgments and accounting estimates that are reasonable and pnjdent stale whether appliGable UK Accounting Standards {FRS 1021 have been followed, subject to any material departures disclosed and expiained in the financial statements; prepare the financral statements on the going Conrn basis unless il is inappropriate to presume that the Charity will ntinue in business. The Trustees are responsible for keeping adequate arxounts'ng recths that are sufficient to show and explain the Charivs transactions and disclose with reasonable acuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply the Charities Act 2011, tho Charity {Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and deleclton of fraud and other irregulariti8s. Approved by order of the members of the board of Trustees and signed on their behalf ty. Tolulope Ba {Chair of Tru Date.. unde Olonlyo ees) Olamlde Eluflsayo Oigb•ju Page 4
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022 Unrestricted funds 2022 Total funds 2022 Total funds 2021 Note Income from: Charitable activities Investments 21,736 21,736 78,448 412 Total Income 21,739 21.739 78,860 Expenditure on: Charitable activities 33,759 33,759 12,852 Totsl gxpendlture 33,759 33,759 12,852 Net movement In funds 112,0201 112,0201 66,008 Reconciliation of funds: Total funds brought forward Net movement in funds 66.008 112,0201 66,008 112.020} 66,008 Total funds carried forward 53,988 53,988 66,008 The Ststement of financial activities includes all gains and losses recognised in the year. The notes on pages 7 to 13 forn part of these financial slatemenls. Page 5
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA BALANCE SHEEr AS AT 30 JUNE 2022 2022 2021 Note Plx•d as5•ts Cufrent asstts Cash at bank and in hand 57,565 68,881 57,565 68.861 cred110. amounts falling due within one {3.S771 (2,8531 Net curr•nt assets 53.988 eé,008 Total assets l•ss current Ilabllltl•¥ 53,988 66.008 N*t assets ¢x¢luding pension ass•t 53.988 66,008 Total nèt assets 53.988 66.008 Charlty fvnds Restricled fvnds Unrestricted fvnds 53.988 66.008 Total funds 53.988 66,008 The financial ststements were approved and aulhorised for issue by the Trustees on Z4 Ae-.1 and signed on their behatf by: Tolulop• B (Chair of T atund• Olonlyo stees) The notes on pages 7 to 13 fom part ofthese financial statements. Page 6
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 General infonnation The Great Divine Holy Order of the Third Era is a Charitable Incorporated Organisalion registered in England under number CE022234 and charity number 1190014. The registered office is situated at Trinity House, 3 Bullace Lane, Dartford, Kent, DA1 1 BB. Accounting policios 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities-. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial statements have been prepared to give a Irue and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the exlenl required lo provide a 'true and fairf view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities.. Slalemenl of Recommended Practice effective from 1 Apr¢1 2005 which has since been withdrawn. The Great Divine Holy Order of the Third Era meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant a¢¢ounling policy. 2.2 Income All income is recognised once the Charity has entitlement lo the income. il is probable that the income will be received and the amount of income receivable can be measured reliably. Income lax recoverable in relation to investment income is recognised al the lime the investment income is receivable. 2.3 Exponditure Expenditure is recognised once there is a legal or conslruclive obligation lo transfer economic benefit lo a third party, il is probable that 8 transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of each a¢livily are made up of the total of direct costs and shared Costs, including support costs involved in undertaking each a¢livily. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charitys objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.4 Interest receivable Interest on fijnds held on deposit is included when receivable and the amount can be measured liably by the Charity,. this is normally upon nolificalion of the interest paid OT payable by the inslitulion with whom the funds are deposited. Page 7
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Accounting policies Icontinuedl 2.5 Cash at bank and in hand Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short malurily of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.6 Liabilities and provisions Liabilities are recognised when there is an obligation al the Balance sheet date as a result of a past event, il is probable that a transfer of economic benefit will be required in selllement, and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount that the Charity anlicipales il will pay to settle the debt or the amount il has received as advanced payrnenls for the goods or seNices it musl provide. Provisions are measured al the best estimate of the amounts required to seltle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rale that reflects the risks specific lo the li8bility. The unwinding of the discount is recognised in the Statement of financial activities as 8 finance cost. 2.7 Financial instrument$ The Charity only has financial assets and financial liabilities of a kind that qualify as basic finanal instruments. Basic financial instruments are initially recognised al tr8nsaclion value and subsequently measured at their settlement value with the exception of bank loans which are subsequently easured al amortised cost using Ihe effective interest method. 2.8 Fund accounting General funds are unrestricted funds which are available for use al the discretion of the Trustees in fLJrtheran¢e of the general objectives of the Charity 2nd which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate ftjnd. Income from charitable activitie5 Unrestricted funds 2022 Total funds 2022 Total funds 2021 Religious activities Transfer from anlecedenl organisation 21,736 21,736 25.991 52,457 21,736 21,736 78,448 Total 2021 78,448 78,448 Page 8
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Investment income Unrestricted funds 2022 Total funds 2022 Total funds 2021 Rent 410 Bank interest 412 Total 2021 412 412 Analysls of expenditure on charitable activities Summary by fund type Unrestricted funds 2022 Total 2022 Total 2021 Religious activities 33,759 33.759 12,852 Total 2021 12.852 12,852 Analysls of expendlture by activities Activities undertaken directly 2022 Total funds 2022 Total funds 2021 Religious activities 33,759 33.759 12,852 Totsl 2021 12,852 12,852 Trustees. remuneratlon and expenses During the year. no Trustees received any remuneration or other benefits12021 - £NILI- Pagg 9
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Trnstees. remuneration and expenses (Continued) During the year ended 30 June 2022, no Trustee expenses have been incurred12021- £NILI. Credltors.. Amounts falling due within one year 2022 2021 Olher loans 603 1,474 1,500 2,103 Other creditors Accruals and deferred income 750 3,577 2,853 Page 10
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 ststement of funds Statement of funds - current year Balance al 30 June 2022 Balance al 1 July 2021 Income Expenditure Unrestricted funds General Funds - all funds 66,008 21,739 133,759} 53,988 Page 11
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Statement of funds {¢ontinuedl ststemgnt ot funds - prior y&ar Balance at 30 June 2021 Balance al 1 June 2020 Income Expenditure Unrestricted funds General Funds - all funds 78,860 112,8521 66,008 10. Summary offunds Summary of funds - current year Balance at 30 June 2022 Balance al 1 July 2021 Income Expenditure General funds 66,008 21,739 {33,7591 53,988 Summary of funds - prlor year Balance at 30 June 2021 Income Expenditure General funds 78,860 112,8521 66,008 11. Analy$is of not assets bgtwegn funds Analysis of net assets between funds - current year Unrestficled funds 2022 Total funds 2022 Current assets Creditors due within one year Difference 57,565 13,5771 57,565 13,5771 Total 53,988 53,988 P8ge 12
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 11. Analysis of net assets betsveen funds {contlnued) Analysis of net a$$gts between funds . prlor year Endowment Unrestricted funds funds 2021 2021 Total funds 2021 Current assets Creditors due within one year 68,861 12,8531 68.861 12,8531 Total 66,008 66.008 Pa9e 13