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: 

- give a true and fair view of the state of the Charity's affairs as at 31st March 2024 and of its incoming resources and applications of resources, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Charities Act 2011. 

## **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: 

- the information given in the Trustees' Report is inconsistent in any material respect with the financial statements; or 

- sufficient accounting records have not been kept; or 

- the accounts are not in agreement with the accounting records and returns; or 

- we have not received all the information and explanations we require for our audit. 

## **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