Charity number: 1190014 THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 MARCH 2024
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA CONTENTS Page Reference and administratlve detalls of the Charity, its Trustees and advisers Trustees. report Statement of financial actlvltles Balance sheet Notes to the flnanclal staternents 7-12
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 27 MARCH 2024 Trustees Tolulope Babalunde Oloniyo, Chairman Olamide Elufisayo Olagbaju. Secretary DT Richard Babalunde Ajuwon, Treasurer Adeyemi Babalunde Oke, Vice Chairman Timothy Ogundana {deceased 10 December 20231 Tolulope Olugbenga Adegbile (appointed 10 December 20231 Charity registered number 1190014 PrSnclpal 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 YEAR ENDED 27 MARCH 2024 The Trustees present their annual report, together with the financial statements of The Great Divine Holy Order of the Third Era, for the period ended March 27, 2024. Obje¢tive$ and activities P.oli¢ie$ and objectlves The charills objectives are the advancement of the Christian faith in accordance with the Statement of Faith by any means whatsoever including but not limited to the preaching and proclamation of the Christian Gospel. and the- aChing of Christian doclrine, Ihe prevention or relief of poverty by such means as the Trustees may from lime lo time think fil, and lo advance Christian ethics and morality by such means as Ihe Trustees may from time lo time. In setting objectives and planning activities, the Trustees have given due consideration to the general guidan published by the Charity Commission on public benefit. including the guidance 'Public benefit.. running a charity {PB21'. • Strategies for achieving objectives 1. 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 but not exclusive lo,. Career, Finance, Spiritual and Physical Development, Mental health. Children with special needs, Marriage Inslilulion, and Parenting 2. These events have been an opportunity to welcome both existing church members and those from the wider ommunity 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, Ihoughl-provoking and inspiring group discussions, as we seek to 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, in¢luding-but not exclusive lo.. Career, Finance. Spiritual and physical developmenl. Mental health. Children with special needs, Marriage Inslilution. and Parenting. 5. We host 'The Family Fun Day,. where church members inlera¢l with our 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 wsder community alike. Page 2
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 27 MARCH 2024 Objectives and activities l¢ontinuedl • Main actlvities undertaken to further the Charlty's purposes for the public benefil 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 lo encourage and reach out lo ils members, providing financial and practical support where required. Vve have supported the following charities since March 2020. Peckham Methodist church Centrepoinl Homeless Charity Shelter UK NSPCC Christian Aid UNICEF Marie Curie British Legion Alzheimer's Society Tommys Charity Mind Charity Achievements and performance Maln achigvements of the Charity Our Children and 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. Financial revlew • Golng con¢ern After making appropriate enquiries, the Trustees have a reasonable expeclatson that the Charity possesses sufficient resour¢es lo continue operating for the foreseeable future. Therefore, they maintsin the going concem basis in preparing the financial slalemenls. Further details about the adoption of the going concern basis are provided in the accounting policies. • Reserves pollcy It is the Church's policy that unrestricted funds not allocated for a specific purpose should be maintained 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 decline in funding, they can sustain the Church's current activities while exploring options to raise additional funds. This level of reserves will always be upheld. Structure, governance and management • Constltution The Great Divine Holy Order of Ihe 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 (CONTINUEO) FOR THE YEAR ENDED 27 MARCH 2024 Structure. govfrrn•nco and m•n•g•ment (eoDllnu•d) Method• of ppolThtm•nt or •l•cllon of Trust••B The management of the Charity is the SPonsibl[itY of the TN$t¢es who are elected and ¢tropled under the temis of the Trust deed. Stat•m•nt ofTNsteos' r•sponslblllOv¥ The Trustses are responsible for preparing Ihe Trustee5' report and the finanoal ststemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kin9dom Generally kcepted Accounting Practice). The l&v applicable to charthes in England & Wales requires the Tntslees to prepare financ¥al siatements for each financial which give a true and fair vithv of the state of affairs of the Chaiity and of its incoming resources and ap¢¢ation of resources, induding its Income arbj expenditure. for that period. In preparing these finan(ial ststements. the Trustees arg requited lo". select Suitable aco)unting policies and then apply them rg)nsistenty. )bsen4e the methods and principles ol the Charibes SORP {FRS 1021.. make judgments and accounting estimates that alp reasonable and pruden¢ state whether applicable uKAcUnting Stsndards (FRS 1021 have been follwed. subject to any Material departures disdosed and explained in the finan¢ial statements". pare the finala1 statements on Ihe going con¢em basis unless it is inapproprtate lo psum8 that the Charitywill continue in bustness. The Truslees are respon8fole for keeping quale ac¢ounling re¢ords that are sufficient to shvm and explain Ihe Charitys transaction$ aThJ disclose with Feasonable accurdcy al any time the firnal posbon of the Charity and enable them to ensure that the financial slatements comply with the Charities Act 2011, the CharFty (A(Unts and Reports) Regufations 2008 and the provisions of the Trust deed. They are al¥0 reskK)nsible for safegua¢ng the assets of the Charity and henc for taklng re8wnablo sleps lor the prevention and deleclion of fraud and other irreguL4rrties. Approved by order ofthe members of the board ofTru$tees on 11 Juty 2025 and signed on their behaff by. Tolulopo B* Chalrof Tn tund• Olonlyo Olamld• Elufisayo Olagbaju Trustee Page 4
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 27 MARCH 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Charitable activities Investments 22,654 315 22.654 315 29,431 53 Total Income 22,969 22,969 29,484 Expenditure on.. Charitable activities 15,340 15.340 12,548 Total expenditure 15,340 15,340 12,548 Net movement in funds 7,629 7,629 16,936 Reconciliation of funds: Total funds brought fotward Nel movement in funds 70,924 7,629 70,924 7,629 53,988 16.936 Total funds carried forward 78,553 78,553 70.924 The Statement of financial activities includes all gains and losses recognised in th8 year. The notes on pages 7 to 12 form part of these financlal statements. Page 5
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA BALANCE SHEET AS AT 27 MARCH 2024 2024 2023 Flxod *•s¢ts Current assets C8sh at bank and in hand 80.318 72.089 80.318 72.089 Creditors: amounts falling due within one year {1,765) {1.165} N•t ¢urv•nt 4880ts 78.553 70,924 Tatsl asuts1•ss curront Ilabilit•es 78.553 70.924 Net 48sets excluding pen¥ion as8•t 78,553 70,924 Total n•t •s¥•ts 78.553 70.924 Charfty fvnds Restricted lunds Unrestricted funds 78.553 70.924 Total funds 78,553 70,924 The finanoal ststements were approved and authorised for issue by the Trustees on 11 Juty 2025 and signed on their behaff by. Tolulopo Ba Chair of Tru undo Ojonlyo Olamlde Elufisayo Olagbalu Trustee The notes on pages 7 to 12 ft>m part ofthese financial statements. Page 6
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 MARCH 2024 General Information 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 siluated at Trinity House, 3 Bullace Lane, Dartford, Kent, DA1 18B. countlng policies 2.1 Basis of preparatlon of finan¢lal statements The financial sialemenls have been prepared in accordance with the Charities SORP IFRS 102} 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 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 slalemenls have been prepared lo give a 'lrue and fairf 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 102} published in October 2019 rather than the Accounling and Reportin9 by Charities.. Statement 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 entity under FRS 102. Assets and liabililies are instially recognised al historical cost or transaction value unless otherwise slated in the relevant accounb'ng policy. 2.2 Income All income is recognised once the Charity has entillemenl lo the income, il is probable that the income will be received and the amount of income receivable can be measured leliably. Income tax Tecoverable in relation lo investment income is recognised at the time the investment income is receivable. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by acb'vily. The costs of each activity are made up of the lotsl of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly lo that aclivily. Shared costs which contribute lo more than one activity and support costs which are not attributable lo a single activity are apportioned between those a¢livilies on a basis consislenl wrth the use of resources. Central s18ff costs are allocated on the basis of time spent, ar*d 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 Charills objectives. as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.4 Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity.. this is normally upon notification of the interest paid or payable by the inslilulion with whom the funds are deposiled. Page 7
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 MARCH 2024 Accounting policies {continuedl 2.S Cash at bank and in hand Cash at bank and in h8nd includes cash and short-lemi highly liquid investments with a short maturity of three months or less from the date of acquisilioll or opening of the deposit or similar account. 2.6 Liabilities and provisions Liabilities are recognised when there is an obligalioll al the Balance sheet dale as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount that the Charity anticipates il will pay to sellle the debt or the amount it has received as advanced payments fof the goods or services it must provide. Provisions are measured al the best eslimale ol the amounts required lo settle the obligation. Where the effect of the time value of money is material. the provision is based on the present value of those amounts, discounled al the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discoLtnt is recogllised in the Statement of financial activities as a finance cost. 2.7 Flnanclal instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised al transa¢lion value and subsequently measured al their settlement value with the exception of bank loans which are subsequenuy measured al amortised cost using the effective interest method. 2.8 Fund accountlng General funds are unreslricled funds which are avallable for use al the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designaled for other purposes. Investment income, gains and losses are allocaled to the appropriate fund. Income from charltable actlvities Unrestricted funds 2024 Total funds 2024 Total funds 2023 Religious activities 22,654 22,654 29,431 Total 2023 29,431 29,431 Page 8
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 MARCH 2024 Investment income Unreslricled funds 2024 Total funds 2024 Total funds 2023 Rent Bank inleresl 120 195 120 195 40 13 315 315 53 Total 2023 53 53 Analysls of expenditure on charitable adivlties Summary by fund type Unrestricted funds 2024 Total 2024 Total 2023 Religious activities 15,340 15,340 12.548 Total 2023 12,548 12,548 Analysls of expenditure by actlvlties Activities ndertaken directly 2024 Support costs 2024 Total funds 2024 Total funds 2023 Religious activities 14.740 600 15,340 12,548 Total 2023 11,948 600 12,548 Page 9
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 MARCH 2024 Analysis of expendlture by activities l¢ontinuedl Analysis of dirnct Costs Religious activities Total funds 2024 Total funds 2023 2024 Weffare Family Fun Day Gifts & Donations 199 2,896 467 977 199 912 3.205 2,896 467 977 Office Costs Subscriptions Events Travel Sundries Rent 240 124 3.098 669 200 3,254 1,017 1,130 4,800 3.254 1,017 1,130 4,800 3,500 14,740 14.740 11,948 Total 2023 11,948 11.948 Analysis of Support costs Total funds 2024 Total funds 2023 Governance costs 600 600 Tru$tees' remuneration and expenses During the year. no Trustees received any remunefation or other benefits12023 - £NILI. During the year ended 27 March 2024, no Trustee expenses have been incurred12023- £NIL}. Creditors: Amounts falling due wlthin one year 2024 2023 Accruals and deferred income 1,765 1,165 Page 10
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 MARCH 2024 Statement of funds Statement of fund$ - current year Balance al 28 March 2023 Balance al 27 March 2024 Income ExpendFture Unrestricted lunds General Funds- all funds 70,924 22,969 115,3401 78,553 Staternent of funds - prior year Balance at 27 March 2023 Balance at l July 2022 Income Expenditure UnrostrS¢ted fvnds General Funds- all funds 53.988 29.484 112,5481 70,924 10. Summary of fvnds Summary of funds - current year Balance at 28 March 2023 Balance at 27 March 2024 Income Expenditure General funds 70,924 22,969 115,3401 78,553 Summary of funds - prior year Balance at 27 March 2023 Balance at l July 2022 Income Expendrture General funds 53,988 29.484 112,5481 70,924 Page 11
THE GREAT DIVINE HOLY ORDER OF THE THIRD ERA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 MARCH 2024 11. Analysis of not assets between funds Anatysis of Tret assets between funds - current period Unreslrieled funds 2024 Total funds 2024 Current assets Creditors due within one year 80,318 11,7651 80,318 {1,7651 Total 78,553 78,553 Analysis of net assets between funds - prior period Unreslricled funds 2023 Total funds 2023 Current assets Creditors due within one year 72,089 11,1651 72,089 {1,1651 Total 70,924 70,924 Page 12