Charity number: 1190014 THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 27 MARCH 2023
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA CONTENTS Page Reference and admlnlstrative details of the Charity, its Trustees and advisers Trustees. report Independent examlner's report Statement of financial actlvlties Balance sheet Notes to the financial statements 8-13
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 27 MARCH 2023 Trustees Tolulope 8abalunde Oloniyo, Chairman Olamide Elufisayo Olagbaju. Secretary Dr Richard Babalunde Ajuwon, Treasurer Adeyemi Babatunde Oke, Vice Chairman Timothy Ogundana (deceased 10 December 20231 Tolulope Olugbenga Adegbite lappoinled 10 December 20231 Charity r9gistered number 1190014 Principal office Trinity House 3 Bullace Lane Dartford Kent DA1 1BB Page 1
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA TRUSTEES. REPORT FOR THE PERIOD ENDED 27 MARCH 2023 The Trustees present Iheif annual report together with the financial statements of The Great Divine Holy Order of the Third Era for the period ended 27 March 2023. Objectlves and activltles Pollcies and objectives The charitys objectives are the advanment of the Christian faith in accordance with the Statement of Faith by any means whatsoever including bul not limited lo the preaching and proclamation of the Christian Gospel, and the leaching of Christian doctrine. the prevention or relief of poverty by such means as the Trustees may from time lo lime think fil, and to advan Christian ethics and morality by such means as the Trustees may from lime to tim&. In setting objectives and planning aclivilies, the Trustees have given due consideration lo the general guidance published by the Charity Commission on public benefit, including the guidance 'Public benefit.. running a charity IPB2)'. Strategles for achievlng objectivgs 1. We have held a range of themed. personal development and empowering virtual seminars, facililaled by professional members sharin9 wisdom and engaging in inspiring discussions on a variety of topics, including bul not exclusive to.. Career, Finance, Spiritual and Physical Development, Mental health, Children with special needs, Marriage Inslitulion, and Parenting. 2. These events have been an opportunity lo welcome both existing church members and those from the wider community alike. 3. We have welcomed a range of topics and questions from the congregation to 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. 4. We have held a range of themed, personal development and empowering virtual seminars, facilitated by professional members sharing wisdom and engaging in inspiring discussions on a variety of topics, including-bul not exclusive lo,. Career, Finance, Spiritual and physical development. Mental health, Children with special needs, Marriage Inslilution, and Parenting. 5. We host 'The Family Fun Day,. where church members interact with oijr Local community, families, and friends. Sports, games. and Lecture series were carried out. These events have been an opportunity lo welcome both existing church members and those from the wider community alike. Page 2
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA TRUSTEES. REPORT {CONTINUEDI FOR THE PERIOD ENDED 27 MARCH 2023 Objectlves and activilies {continued} Maln actlvitie5 undertaken to further the Charlty's purposes for the public benefit As a Church, we have donated and contributed to many diverse charities that empower the vulnerable and those in challenging circumstances, especially in this unprecedented season, whilst continuing to encourage and reach out lo ils members, providing financi81 and practical support where quIred. We have supported the followng charities since the first UK Lockdown in March 2020 to present. Peckham Methodist church Cenlrepoint Homeless Charity Shelter UK NSPCC Christian Aid UNICEF Marie Curie British Legion Alzheimer's Society Tommys Charity Mind Charity Achievements and performance Maln achievoments of the Charity Our Children alld Youth virtual classes have been fun, interactive, 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 empowering them lo share and exchange with one another confidently. Flnancial review • Golng concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity possesses sufficient resources to continue operating for the foreseeable future. Therefore, they maintain the goin9 concem basis in preparing the financial slalemenls. Further details about the adoption of the going concern basis are provided in the accounting policies. • Reserves poll¢y It is the Church's policy that unrestricted funds not designated for a specific purpose should be kept al a level equivalent lo between three and six months. expenditure. The Trustees believe that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to sustain the Church's current activities while considering ways to raise additional funds. This level of reserves will always be maintained. Structure, governance and managèment Constltutlon The Great Divine Holy Order of the Third Era is a registered charity, number 1190014, and is constituted under a Trust deed. Page 3
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 27 MARCH 2022 Structlll¢• govern•nce and managément (contlnued • Methods ofappolntmnt or olectlon of Tnwt•e8 The management ol the Chanty Is the responsibility of the Tnjstees who are elected and tpted under the le9 ofthe Trnst deed. Statemgnt of TNstees' wesponslbllftlots The Trustees are responsible for preparing the Tnjslees, rep1 and the finandal slatements in ae¢ordance with applicable faw and United Kingdc¥n A£counting Standards (United ngdorn Generally Accepted A)Unting Practiee). The law applicable to ¢haritse5 in EngL4nd & Wales requires the Trustees to prepare finanual statements for each financial which gNe a true and fair vithv of the stale of affairs of the Charity and of ts incoming resources and apICab.0n of resour5. including its income and expenditu, for that period. In preparing these financial stslements. the Trustees are requi to.. select sultae acUntIng policies and then apply them consrstentiy. obseNe the methods and prinaples ofthe Charib'os SORP (FRS 102): make judgments and accounting estimates that are reasonable anLI pwdent stalg wheth&r ap1¢able UKAc())unting Standards {FRS 1021 have been follth¥ed. subject to any material departures discbsed and explained in the finarEal stalemenl$." prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity will ¢ontinue in business. The Twslees are responsible for keeping adequale accounts'ng rerdS that are sufficient to $ho* and expkin Ihe Charivs transaQions and disclose with reasonable accuracy 81 any time the financial position of the Charity and enable them to ensure that the )Inaneial slalemenls comply with the Charitses Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible lor safegtsardin9 the assets of the Charity and hence lor taking reasonable steps for the prevention and detection of fraud and other irregujarities. Approved by order of the members of the board of Trnstees on 11 Juty 2025 arHI sKJned on their behalf br. Tolulope tunde 01(inlyo {Chair of Tnsslees) Olamide Eliinsayo Olagbaju steel Page 4
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 27 MARCH 2023 Independent examiner'5 report to the Trustees of The Great Dlvine Holy Order of the Thlrd Era ('the Charity'l I report lo the charity Trustees on my examination of the accounts of the Charily for the period ended 27 March 2023. Responsibilities and basis of report As the Trustees of the Charity you are responsible for the Preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the 2011 Act'}. I report in respecl of my examination of the Charivs accounts carried out under section 145 of the 2011 Act and in carrwng out my examination I have followed the applicable Directsons given by the Charity Commission Lsnder section 145151{bl of the 2011 Act. Independent examlner's statement Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations but has been withdrawn. l understsnd that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective IOT reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come lo my attention in connection with the examlnation giving me cause lo believe that in any material respect.. accountsng records were not kept in respecl ol 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 conceming the fom) and content of accounts set out in the Charities IAccounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue 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 lo which attention should be drawn in this feport in order lo enable a proper understanding of the accounts to be reached. Signed.. - Dated.. I zs Stephen M Fryer FCA Page 5
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 27 MARCH 2023 Unrestricted funds 2023 Total funds 2023 Total funds 2022 Note Income from: Charitable activities Investments 29,431 53 29,431 53 21,736 Total Income 29,484 29,484 21.739 Expendlture on.. Charitable activities 12,548 12,548 33,759 Total expenditure 12,548 12,548 33,759 Net movement in funds 16,936 16,936 112.020} Reconciliation of funds- Total funds brought forward Net movement in funds 53,988 16,936 53.988 16,936 66,008 {12,0201 Total funds carrled forward 70.924 70.924 53.988 The Slalemenl of financial activities includes all gains and losses recognised in the period. The notes on pages 8 to 13 form part ol these financi31 slalemenls. Page 6
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA BALANCE SHEEr AS AT 27 MARCH 2023 27 March 2023 30 June 2022 Flxed assets Curr•nt ats•ts Cash at bank ar in hand 72.089 57,565 72.089 57,565 Creditors: amounts falling due vthhin one (1.16511 {3,577) N•t Current *u•ts 70.924 53.988 Total a8sots le88 Currnnt liabiliti¢8 70.924 53,988 Net assets oxcludlng p•n$lon asset 70.924 53,988 Total net a880ts 70,924 53.988 Charlty funds Restricted funds Unrestricted fund$ 10 10 70,924 53,988 Total funds 70.924 53.988 The finanaal statements were approved and authorfsed for i$sue by the Trustees on 11 Juty 2025 and slpned on their behaw by. Tolulope B (Chair of T tundo Olonlyo stees) Olamide Elufi•ayo Olagb4Su (Trusteel The notes on pages 8 to 13 form part of these finanaal ststements. Page 7
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 27 MARCH 2023 General Infom)atSon The Great Divine Holy Order of the Third Era is a Charitable Incorporated Organisation registered in England under number CE022234 and charity number 1190014. The registered office is siluated al Trinity House. 3 Bullace Lane, Dartford. Kent. DA1 188. Accountlng pollcles 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP {FRS 1021 Accounting and Reporting by Charities= Slalement of Recommended Practice applicable lo charities prep8ring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 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 'lrue and fai¢ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exlenl required lo provide a 'true and fair, view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 rather than the AontIng and Reporting by Charities= Slalemenl of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Great Divine Holy Order of the Third Era meets the definition of a public benefit enlily under FRS 102. Assets and liabilities are initially recognised 8t historical cost or transaction value unless otherwise slated in the relevant accounting policy. 2.2 Income All income is recognised once the Charity has entitlement to the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. In¢ome tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 2.3 Expenditurè Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit lo a third paty, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation Can be measured reliably. Expenditure is classffjied by aclivily. The costs of each activity are made up of the lolal of direct costs and shared costs, including support costs involved in undertaking each activity. 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 consislenl 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 aelivilies which further the Charitvs objectives. as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.4 Interest recelvable Inleresl on funds held on deposit is included when reeeivable and the amount can be measured reliably by the Charity., this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. Page 8
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 27 MARCH 2023 Accounting policles 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 maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.6 Liablllties and provisions Liabilities are recognised when there is an obligation al the Balance sheet dale as a result of a past event. il is probable that a Ir8nsfer of economic benefit will be required in settlement, and the amount of the selllemenl can be estimated reliably. Liabilities are recognised al the amount that the Charity anticipates il will pay lo settle the debt or the amount it has received as advanced payments for the goods or services il musl provide. Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rate that reflects the risks specific lo the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.7 Flnancial instrumonts The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised at transaction value and subsequenuy measured al their settlement valLte with the exception of bank loans whieh are subsequently measured at amortised cost using the effective inleresl method. 2.8 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Investment income. gains and losses are allocated to the appropriate fund. Income from ¢haritable actlvltles Unreslricled funds 2023 Total funds 2023 Total funds 2022 Religious activities 29.431 29,431 21.736 Total 2022 21.736 21,736 Page 9
THE GREAT DNINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 27 MARCH 2023 Investment Income Unrestricted funds 2023 Tot81 funds 2023 Total funds 2022 Rent Bank interest 40 40 13 13 53 53 Total 2022 Analysis of expendlture on charitable actlvities Summary by fund type Unrestricted funds 2023 Total 2023 Total 2022 Religious activities 12,548 12,548 33,759 Total 2022 33.759 33,759 Analysls of expgndlture by activlties Activities undertaken directly 2023 Support costs 2023 Total funds 2023 Totsl funds 2022 Religious activities 11,948 600 12,548 33,759 Total 2022 33,009 750 33,759 Page 10
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 27 MARCH 2023 Analysls Qt expenditure by activities {continuodl Anatysis of dlred costs Religious activities Total funds 2023 Total funds 2022 2023 Welfare Family Fun Day Gifts & Donations Office Costs Subscriptions Events 912 3,205 912 3,205 6,732 671 5,739 5.878 240 124 3,098 669 240 124 3.098 669 200 3,500 5,438 805 636 3,900 418 2.792 Travel Sundries Rent Priest COVID Relief 200 3,500 11.948 11.948 33,009 Totsl 2022 33,009 33,009 Analysls of support costs Total funds 2023 Total funds 2022 Govemance costs 600 750 Page11
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 27 MARCH 2023 Independent examlner's remuneration The independent examiner's remurberalion amounts lo an independent examiner fee of £264 (2022 £336). and accountancy services of £31212022 - £3121. Trustees. remuneration and expenses During the period, no Trustees received any remuneiatson or other benefils12022 - £NIL}. During the period ended 27 March 2023. no Tnjslee expenses have been incurred12022 - £NILI. Creditors: Amounts falling due within ong year 27 March 2023 30 June 2022 Other loans Other creéilors Accruals and deferred income 604 1,473 1,500 1,165 1.165 3.577 10. Statement of funds Statement of funds - current perlod Balance at 27 March 2023 Balance at 1 July 2022 Income Expenditure Unrestrlcted funds General Funds - all funds 53,988 29,484 112.5481 70,924 Statement of funds - prior perlod Balan al 30 June 2022 Balance at 1 July 2021 Income Expendrture Unrestri¢ted funds General FL+nds- all funds 66,008 21,739 133,7591 53.988 Page 12
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 27 MARCH 2023 11. Summary of funds Summary of funds - current period Balance at 1 July 2022 Balance at 27 March 2023 Income Expenditure General funds 53.988 29,484 {12,5481 70,924 Summary offunds- prior period Balance al 1 July 2021 Balan al 30 June 2022 Income Expenditure General funds 66,008 21,739 133,7591 53,988 12. Analysis of net assets betW8en funds Analysis of net asset$ between funds - current period Unreslricled funds 27 March 2023 Total funds 27 March 2023 Current assets Creditors due within one year 72,089 11.1651 72,089 11,1651 Total 70.924 70,924 Analy$ls of net assets between funds - prlor perlod Unrestricted funds 30 June 2022 Total funds 30 June 2022 Current assets Creditors due within one year 57.565 13,5771 57,565 {3,5771 Total 53,988 53.988 Page 13