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← Triumphant Global Trust

2025-03-31-accounts

TRIUMPHANT GLOBAL TRUST FINANCIAL ACCOUNTS FOR THE YEAR ENDED 1st April 2024 TO 31st Morch 2025 ChArity Registej'ed Number:1067588

TRIUMPHANT GLOBAL TRUSTREPORT TRUSTREPORT AND ACCOUNTS 31ST MARCH, 2025 CONTENTS Trustees and Advisors Trustees, Report Independent Auditors, Report lo the Trustees Staleinent of Financial Activities Bthlance Sheet Notes lo the Accounts 9-13

TRIUMPHANT GLOBAL TRUST TRUSTEES AND ADVISORS TRUSTEES Rev. Seth Mensah Mrs. Olubunmi Odukale Mi.. Ebenezer Sowah Mr. Basco Aboi. CHAIRPERSON Mrs. Olubunmi Odukale CHARITY OFFICE Providence Cl)apel I West Street CRO IDG AUDITORS J Nelson & Co 14 Claypole Road London E15 2RJ BANKERS Barclays Bank PLC Guildford Friary Leicestershire LE87 2BB Natwest Bank PLC 70 Denmark Hill London SE5 8rr REGISTCRED CHARITY NUMBER 1067588 Page I

TRIUMPHANT GLOBAL TRUST TRUSTEES AND ADVISORS TRUSTEES, REPORT The Trustees present their repoil and accounts for the year ended 31 st March 2025. The accounts have been prepared in accordance with the accounting policie5 set out in note I to the accounts and comply with the Charity's Trust Deed, The Charities Act 2011 and The Sialement of Recommended Practice; Accounting and Repoiting by Charities pi'epai'ing the accounts in accoi'dance with the Financial Repoi'ling Standard applicable in the UK and the Republic of Ireland (FRS102) issued on 161h Jiily 2014. The report lakes account of the requirement for Trustees to report annually on the public benefit and the Trustees have had regard to The Charity Comniission's guidance on public benefit and the Trustees have had regard to the Charity Comniission's giiidance on publi¢ benefit. STRUCTURE. GOVERANCE AND MANAGEMENT The Trust ("the Charity") is an unincorporated Irusl, consliluted under a Trust Deed and is 1067588. The Charity does not actively fundraise and seeks to continue through the carefLII stewardship of it5 existing resources and ad hoc contributions. The Trustees are appointed by the Church Council and reappointed annually. The Trustees who setved diiring tlie year were as follows: Rev. Seth Mensah Mrs. Oliibiinmi Odukale Mr. Ebenezer Sowah Mr. Basco Aboi. RISK MANAGEMENT The Trustees actively review any major I'isks which the Charity faces on a regiilar basis and believe that maintaining reserves at ciirrent levels, combined with an annual review of the controls ovei. key financial systems, will provide Slifficient resources in the event of adverse conditions, The Trustees have also examined other operational and business risks faced by Ihe Charity and confirm that they have established systems to mitigate the most significant risks. Page 2

TRIUMPHANT GLOBAL TRUST TRUSTEES, REPORT OBJECTIVES, ACHtEVEMENTS & PERFORMANCE The main objective of the Charity 15 to advance the Christian faith in any part of the world a5 the trustee may from time to time deem fit. The Charity also relieves persons who are in conditions of need, or hardship, aged, infirmed or sick. The main activities undertaken for the public's benefit in relation to their objects include: Church services open to all Prayei. meetings Youth meetings & Gru5ades Conventions and Seminars Annual Retreat Evangelism Donations of food & clothing Suppoiting church branches Counselling Marriages The Charity trustees llave considered the Chai'ity Commission's guidance on public benefits, in partlcular, the specific guidance for charities for the advancement of religion. For the year to 3 1st March 2025. the Charity ¢ontinu¢d to boldly shap¢ the gospel of Jesus Christ and advance the Christian faith. Innovative ways including: weekly evangelism, were also used lo connect to the local community. Throughout the year the Charity remained committed to foster the growth and development of its young adult community. Sunday church services were held in person and also streamed online, giving oppoitunity to a wider audience to access the Word and prayer. Members are encouraged to invi1¢ their family and people within their community. For those who are unable to attend setvices due to sickness, lack of means to Iravel, mobility, we provide volunteeis who make home visits to support those individuals. The Charity continues to explore ways of fulfilling ils .charilable objectives by ensuring there is an awarenes5 of it's service5 and by seeking opportunities to be more involved in the community. Page 3

TRIUMPHANT GLOBAL TRUST TRUSTEES, REPORT The Charity's principal source of funding is froin lithes, and offerings voluntarily given by the cliurch members. None of the charity's funds were niaterially in deficit PLANS FOR THE FUTURE The plan for the futiire is to increase church membership, strengthen and enhance congregralional coniii]ilment to the various activities and services of the church. and to further develop community engagement. TRUSTEES, RESPONSIBILITIES tN RELATION TO THE ACCOUNTS Law applicable to chai'ities in England and Wale5 requires the Trustees lo prepare accounts for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those accounts, the Ti'ustees are required io.. Select suitable accounling poli¢i¢s and then apply them consislenily. Observe Ihe methods and principles of the Charities SORP Make judgements Rnd estimates that are reasonable and prudent: State whethei. applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts. and • Prepare the accounts on the going concern basis unless il is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping accounting record5 which disclose wilh reasonable accui'acy the financial position of the Charity and enable to ensure Ihat the accounts comply with the Charities Act 201 l. The Chai'ity (Accounts and Report) Regulations 2008 the rovisions of Ihe trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking I'easonable steps foi. the prevention and detection of fraud and other iri'egularities. The Ti'ustees are I'esponsible for the maintenance and integi'ity of the Charity and financial infoiThation included on the Charity's website. APPROVED BY THE Trustees and signed on their behalf by: Mrs. Olubunmi Odukale (Chairperson) Trustee Page 4

TRIUMPHANT GLOBAL TRUST INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF TRIUMPHANT GLOBAL TRUST We have audited the a¢¢ounts of TRIUMPHANT GLOBAL TRUST for the year ended 3 1st Maroh, 2025 which comprlse the Statement of Financial A¢tivities, Balan¢e Sheet and i'elated notes. The financial repoiting framework that has been applied in iheir preparation is applicable law and United Kingdom Accounting Standards (United Ktngdom Generally Accepted Accounting Pra¢ti¢e). This report is made solely to the Charity's T￿Stees, as a body, in accordance with Section 144 of the Charities Act 2011 and the i'egulations made under Section 154 of that Act. Our audit work has been undertaken so that we might state to the Charity's Ti'ustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume I'esponsibilÈty to anyone other than the Charity's Trustees as a body, for our audit work, for this repoit, or for the opinions we have formed. Respective I'esponsibilities of Trustees And Auditors As explained more fully in the statement of Trustees, Responsibilities (set out on pages 5 and 6), th¢ Trustees are responsible for the prepaiation of the accounls which give a true and fair view. We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with regulations made under Section 154 of that Act. Our responsibility is to audit and express an opinion on ihe accounts in a¢¢ordan¢¢ with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's (APB'S) Ethical Standards for Auditors. Scope of the Audit of the fingnciAI stattm¢nts An audit involves obtaining evidence about the amounts and disclosures in the accounts sufficient to give reasonable assurance that the accounts are fl'ee from matei'ial misstatement, whether caused by fraud or error. This includes an assessment of: whethei. the accounting policies are appropriate to the Charity's circumstances and have been consistently applied and adequately disclosed. the reasonableness of significant a¢¢ounting estimates made by the Trustees. and the overall presentation of the accounts. In addition, we read all the rinancial and non-financial information in the Ti'ustees, Report to identify material inconsisten¢es wilh the audited a¢¢ounts and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of perforniing the audit. If we b¢¢ome aware of any apparent material misstatements or inconsistencies, we consider the implications for our report. Page S

TRIUMPHANT GLOBAL TRUST

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF

TRIUMPHANT GLOBAL TRUST

( continued)

Opinion on the accounts

In our opinion the accounts:

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

J Nelson & Co

Chartered Certified Accountants and Statutory Auditors

14 Claypole Road London EIS 2RJ

J Nelson & Co are eligible to act as auditors in terms of Section 1212 of the Companies Act 2006.

Page 6

TRIUMPHANT GLOBAL TRUST STATII MENT OF FINANCIAL ACTIVITIES FOR THE AR NDEI D 31ST MARCH, 2025 Unrestricted Restricted fund5 funds TotAI funds 2024 TOTAL INCOME AND XPII NDITURE Income From: Note 2025 Donalions Rei7lal incoiiie GifiAid Bank deposil inleiesl 267,364 267,364 11,232 56,703 383 284,027 11.232 51,921 221 11,232 56.703 379 Total incoming re50urce5 324,446 11.236 335.682 347401 Expenditure on: Chai'ilable e.IpeKdiliiie Oihei. Siippoi'l eosls 206,145 90,232 13,992 103 220,137 90,335 224,728 81,030 Total resource5 expended 296,377 14,095 310,472 305,758 NET (OUTGOING)IINCOMING 28.069 (2,859) 25,210 41,643 FUND BALANCE AT 1ST APRIL, 2024 433 889 79,438 513,327 471.684 FUND BALANCE AT 31ST MARCH, 2025 461958 538 537 513 327 All amounts relate lo continuing activities All recogtEised 5urplvses and deficits are included in the slalement of finw)cial activities which show the lol&l nel movement in funds for the year. Page 7

TRIUMPHANT GLOBAL TRUST BALANCE SHEET AT 31 MARCH 2025 Note 2025 2024 FIXED ASSETS Building Equipment and motor vehicle 765,000 45,884 810,884 782,000 14,270 796,270 CURRENT ASSETS Cash al bank BLiilding deposit Debtoi's 16,602 151,200 53,690 221,492 22,637 151,200 53,690 227,527 CREDITORS: AMOUNTS FAILLING DUE WITHIN ONE YEAR 22,550 210,492 204,977 CREDITORS: AMOUNTS fiAILLING DUE AFTER 0Tr4E YEAR 482,839 487 920 NET ASSETS 538,537 513,327 FUND BALANCE Uni'estricted income funds Resti'icted income funds 461,958 76,579 433,889 79,438 TOTAL CHARITY FUNDS 538,537 513,327 Mi's . Olubunmi Odukale Ti'ustee Appioved by the Trustees of TIUUMPHANT GLOBAL TRUST on 2410112026 and signed on iheir behalt Page 8

TRIUMPHANT GLOBAL TRUST NOTES TO THE Accouwrs 31ST MARCH 2025 ACCOUNTING POLICIES BASIS of preparation of accounts The accounts have been prepared under the historical ¢ost Convention with items recognised at cost or transaction value unless othenvise stated in the relevant note(s) to these accounls. The financial statements have been prepared in ccordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance wilh the Finan¢ial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) issued on 16th July, 2014 and the Charities Act 2011. The Trustees have chosen to early adopt the Update Bulletin l issued by the Charilies Commission on 2nd February, 2016 which exempts the charity from the need to prepare a Statement of Cash Flows. The Truslees consider that there are no material un¢ertainti¢s about the Gharity's ability to continue as a going First time Adoption of ChAritles SORP (FRS 102) In preparing the accounts, the Trustees have considered whether in applying Ibe accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparativ¢ items was needed. No iestatements were required. There ere no significant adjustments needed from the net income/(expenditure) under the previous Generally Accepted Accounting Pra¢ti¢¢ ("GAAP"). Income recognition All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations are recognised once received. In the event that a donation is subject to conditions that require a level of perfoi'mance before the Charity is entitled to the funds, the income is deferred and not recognised until eithei. those conditions IE fully mel, or the fulfillment of those conditions is wholly within the control of the Charity and it is probable that thos¢ conditions will be fulfilled in the reporting period. 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 bank. Page 9

TRIUMPHANT GLOBAL TRUST NOTES TO THE ACCOUNTS 31ST MARCH 2025 ACCOUNTING POLICIES Finaneiol instruments The Charity has chosen lo adopt Sections I l and 12 of FRS 102 in respect of financial inslrumenls. The accounts have been prepared linder the histoi'ical cost convention with items recognised at cost or ti'ansaction value unless oihenvise slated in the IElevant nole(s) to these accounts. The financial statements liave been prepared in ¢coi-daiice with the Statement of Recommended Practice: Accounting and Repoiting by Charities preparing their accounts in accoi'dance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) issued on 16th July, 2014 aiid the Charities Act 2011. The Trustees have chosen lo early adopt the Update Bulletin l issued by the Charities Commission on 2nd February. 2016 which exempts the charity from the need lo prepare a Statement of Cash Flows. The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going First time adoption of Charities SORP (FRS 102) In preparing the accounts, the Trustees have considei'ed whether in applying the accounting policies requii'ed by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was needed. No I'estatemenls were required. Tliere ere no significant adjiislmenls needed fi'om the nel income/(expenditure) uiider the previous Generally Accepted Accounting Pi'actice ("GAAP"). Income recognition All income is recognised once the Charity has entitlement lo the income, it is probable that the in¢ome will be received and the amount of income receivable can be measured reliably. Donations are recognised once received. In the event that x doiiation is subject to conditions that require a level of performance before the Charity is entitled to the funds, the income is deferred and not recognised until either those conditions re fully mel, or the fulfillment of those conditions is wholly within the control of the Charity and it is probable that those condilions will be fulfilled in the reporting period. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity. thi5 is nornially upon notification of the interest paid or payable by the bank. Page 10

TRIUMPHANT GLOBAL TRUST NOITES TO THE ACCOUNTS 31ST MARCH 2025 RELATED PARTY TRANSACTIONS AND TRUSTEES, REMUNERATION The Ti'u51ees received no emoluments oi. reimbursement of expenses (2024 - nil). In the opinion of the Trustees there weie no related party transactions failing to be disclosed in these accounts The Charity has no ultimate controlling paity. RESOURCES EXPENSED 2025 2024 Rent and hire of h811 Salaries inc taxe5 Light, healing and telephone Honoi'ia Missions Music ministry Repairs & maintenance - general Childrens ministry Welfare 6.951 101,561 15,491 16,260 24,655 22,043 3.462 2,137 27,577 220,137 3,025 96,136 10,421 13,540 22,884 18,873 36.395 23,454 224,728 GOVERNANCE COSTS Printing, postage and stationary Auditoi's, remuneration Legal Bank chai'ges and interest Sundry expenses Insurance (inc building) PIDfessional fees Depreciation chai'ge 7,407 2,500 41,659 7,977 2,435 1,783 2,500 41,743 10,649 2,292 306 21,757 81,030 28,357 90,335 AUDTIORS, REMUNERATION Auditois, remuneration consisted of a fee of £2,500 (2024 - 2,500) Pagell

TRIUhlPHANT GLOBAL TRUST NOITESTOTHE ACCOUNTS 31ST MARCH 2024 TANCIBLE fixED ASSETS MOTOR VEHTCLE PLANT AND MACHINERY BUILDING COST Ai Isl April 2024 Addiiions for Ihe year Ai 3151 March 2025 4,925 19,027 23,952 850,000 33000 33000 850.0 DEPRECIATION Al Isl April 2024 Cliargbe for Ihe year Ai 3151 Mgrch 2025 4,925 4,757 9.682 51.1i00 17.000 68.000 6600 6600 NE'f BOOK VALUE Ai 151 April 2024 Al 3 Isi March 2025 799.000 782,000 26400 14.27D CASH AT BANK 2025 9,572 2024 19,286 3,351 22,637 Nnlivesi Ciirreni and savinLT$ BuTclJys Bank PLC- Currtnl Account. 5avin¥is and buildirtg 16,602 CREDITORS 2025 8,500 454.157 28.682 2.500 493.839 2024 20,050 407,991 19.929 2,500 510.470 Loans- Elim Collt¥e Loans- CoronaviNs Accrua15 Pth&¢ 12

TRIUMPHANT GLOBAL TRUST COMPARATIVE STAT£4 MENT OF fil]YANCIAL ACTIVITIES Unrestri¢ted Re$trieled funds fu￿d5 Total funds INCOME AND EXPENDITURE Income From: 2024 Doiiulions Renlrtll incoiiie GiftAid Bopik deposil ipiieiesi 283,028 999 11,232 284,027 11,232 51,921 221 51,921 221 Total incoming resoui'ets 335,170 12,231 347,401 Expenditure on: Cliop'ilable apepidiliire Oihei. Siippoi'l cosls 215,612 77.863 9,116 3.167 224,728 81.030 TotAI r¢$our¢es expended 293.475 12.283 305.758 NET {OUTGOING)IIIYCOIVIING 41,695 (52) 41,643 FUND BALANCI AT 1ST APIUL, 2023 392,194 79,490 471,684 FUND BALANCE AT 31ST MARCH, 2024 433,889 79,438 513,327 All ainounts relale to continuing activities All recognised surpluses and deficits are included in the stateinent of financial activities iyI)ich shoiv the total net movement in fund5 for ihe year. PaEe 13