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2025-03-31-accounts

TRIUMPHANT CHURCH INTERNATIONAL (DESTINY MINISTRIES) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 CHARITY REGISTRATION No: 1083660

CONTENTS Page 3 Legal and Administrative Information Page 4 Independent Examiners Report to the Trustees Pages 5t0 11 Trustees Report Page 12 Statement of Financial Activities Page 13 Financial Statements Pages 14 to 20 Notes to the Financial Statements

CHARITY NUMBER 1083660 IRegistered at the Charity Commission for England and Wales) START OF FINANCIAL YEAR l April 2024 END OF FINANCIAL YEAR 31st March 2025 TRUSTEES AT 31 MARCH 2025 Reverend Clement Esomowei Reverend Marjorie Esomowei Mr Samson Ogunjimi Ms Margaret O T Olojo The existing trustees appoint any new trustees following the provisions laid out in the orEanisation's governing instrument. GOVERNING INSTRUMENT Constitution and Trust Deed To advance the Christian faith in accordance with the Statement of Faith to pursue such other charitable activities as the Trustee shall from time to time see fit. OBJECTS CORRESPONDENCE ADDRESS 36 Chislehurst Road Orpington BR6 ODG PRIMARY BANKERS Barclays Bank PIC S The North Colonnade Canary Wharf London E144BB INDEPENDENT EXAMINER Eazitax Limited 309A High Road Loughton Essex IGIO IAH

INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the Trustees of Triumphant Church International on the accounts for the year ended 31st March 2025 set out on pages 8 to IS. Respective responsibilitie5 of trustees and examiner The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year (under section 144 of the Charities Act 20111 and that an independent examination is needed. It is my responsibility to.. examine the accounts (under section 145 of the Act),. . follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 14515llbl of the Actl,. and state whether particular matters have come to my attention. Basis of independent examiner's statement My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the organisation and a comparison of the accounts presented with those records. It also includes tonsideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's qualified statement.. In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records,. or the accounts did not Comply with the applicable requirements concerning the form and content of accounts set out in the Charities IAccounts and Reportsl Regulations 2008 other than any requirement that the accounts give a 'true and fairf 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 to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Eazitax Limited 309A High Road Loughton Essex IGIO IAH Dated.. 2410412026

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 INTRODucfioN This report by the Trustees to the members of Triumphant Church International (Destiny Ministriesl and the attached accounts cover the year ended 31st March 2025. The accounts have been prepared by Eazitax Limited REFERENCE AND ADMINISTRATIVE INFORMATION Triumphant Church International (the Church or TCII is a registered Charity under the terms of the Charities Act 1983 Charity Number 1083660. THE CHURCH PRINCIPAL OFFICE AND WORSHIP PLACE IS: 36 Chislehurst Road Orpington BR6 ODG TRUSTEES WHO SERVED DURING THE YEAR ARE: Reverend Clement Esomowei Reverend Marjorie Esomowei Mr Samson Ogunjimi Ms Margaret O T Olojo 3. STRUCTURE, GOVERNANCE AND MANAGEMENT The activities of the Trustees are governed by the trust deed which was approved in 1999 and updated in 2004 and updated in 2017. The principal objects of the church remain as described in the Trust Deed: To advance the Christian faith and to pursue such other charitable activitie5, as the Trustees shall from time to time deem fit. OBJECTIVES AND ACTIVITIES In order to achieve the objects of the Church, the Trustees have continued to carry on the objects of the church as stated above: These objects are embodied in our six {61 main areas of operation

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Spirltual and Vibrant weekly services: These services characterized by prayers, praise, worship and bible teaching sessions. They are open to all gender, race and belief. We continued with our goal of building strong and happy families paying special attention to our yOLJth. We continue to have global impart due to our online o Outreach Programmes: Triumphant Church International is an integral part of the communities where we have our worship services and beyond e.g Essex, Orpington Birmingham. We continued through the Year with the Christmas Angels project which is a project to help the underprivileged at Christmas time with whole Turkey and other groceries and activities. It continues to be a welcome project in these communities. Our Foodbank project continued every Wednesday. All community programmes are open to all gender, race and beliefs. o Missionaryl Missions work: Our Missionary work entails the propagation of the gospel according to the Holy Bible and outreach projects in England and other countries. Missions work entails support we provide to other charities to enable them help the disadvantaEed plus Our outreach proErammes stretched to Nigeria, Ghana, South Africa and Europe. Our outreaches to less privileged children, families and widows in Africa continued in the year Media Ministry: A strong feature in our operation a5 a church 15 our Media Ministry which delivers spiritual, topical and developmental preaching through the social media platforms and other media to publicise the work of the Church and to reach a wider community. Annual Programme and Conferences: These themed programmes conferences aimed at developing and educating members of the church and the general public on various issues which are practical and relevant to their lives and will benefit the society at large. Major conferences were planned for children, youth, women, men and families all addressing issues that are relevant to these specific groups of people. Eg Book writing workshop in April 2024 to educate the Church and community about the easy and low budget book writing skills and publishing platforms. Training: This entails the local and international training of members to be effective in their ministry, Leadership and life skills, citizenship skills and family enhancement training. This extends also to training conducted for members of the community who are not necessarily members of Triumphant Church International.

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 achlevement and performance REVIEW OF ACTIVITIES FOR THE YEAR Our focus for some years running has included the health and well being of families within the Church and our communities plus our missionary fields outside the country, seeing that we have many young and thriving families within the Church. And so most activities have been targeted around empowering families, children, youth and single parents, etc and empowering them spiritually, physically, materially, psychologically etc. We use this opportunity to thank all members who consistently support the Church in providing in house services to our members and services to our community through the year ending 31st March 2025. Below is a summary of the main activities undertaken in relation to the objects listed above. ANNUAL PROGRAMME AND CONFERENCES: Aside our regular weekly services on Wednesdays, Fridays and Sundays which have been hybrid services, (Online on Youtube and on site in Churchl, we have intentionally continued with our morning and evening prayers on zoom, concentrating on prayers for Revival across the Nations, Family, marriages, business empowerment, Youth and children matters arising. We held the monthly training meeting for all volunteers who serve in Pastoral, Ministerial and Leadership capacity. All our annual conferences were held with focus on empowerment and capacity development of our church members and the members of the community. Programmes held during the year, include Ladies events, Men's Workshops, Youth weekly programmes, Marriage seminars including workshops about Domestic violence, starting afresh after divorce, parenting teenagers, mental health matters, leadership training and prayer conferences. We continued with our international mission and also the Christmas angel project in Orpington, Essex and Birmingham NEW PROPERTY IN SOUTHEND ON SEA, SS2 5DT Our visionaries and founders Reverend Clem and Marjorie Esomowei, believe in the acquisition of buildings for the Church as that is a way of sustainability for the work of the Church and a way of ensuring that the future generation have 3 place of worship. It's for that reason, we have acquired another property for the Church in Southend on Sea in March 2025 to the tune of £550,000.00 (Five Hundred and fifty thousand pounds onlvl

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 We understand the current economic climate is tough and challenging bLJt will continue to put frugal measures in place to ensure that mortgage payments and other expenses are made without default as that's a sacrifice worthy for the next generation. RENOVATION OF NEW BUILDING IN ORPINGTON Although major repairs of the building in Orpington have been done. We continue to equip the Church with equipment to ensLJre that Church services continue to run smoothly and efficiently. 6. FINANCIAL REVIEW Income During the year to March 31" 2025 the income of the church was £277,281 compared to £293,019 as at March 31" 2024. Expenditure Total Expenditure was £379,471 Total expenditure consists of Direct Charitable expenditure £384,676 and Governance cost of £5,205 Substantial part of the expenditure in the year is related to major refurbishment of our new building acquired, purchase of church equipment, community events and pre purchase expenses for our new Southend Building. Excess of Income over expenditure o There was an excess Expenditure over income of £102,190 compared to an excess of Expenditure over Income of £129,968 the year 31st March 2024. This was due to disposal of 136 West Green Road, Tottenham, London, N15 SAD with a profit and acquisition of 36 Chislehurst Road, Orpington Kent BR6 3DG and substantial refurbishment of the building was done plus celebration of the building dedication. (See above explanations) In addition, there have been pre acquisition expenses that have been incurred for the acquisition of 12 Oakhurst Road, Southend SS2 5DT Please refer to the accounts for the full details of the financial statements for the year ended 31st March 2025.

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 PROPERTY ACQUISITION We continue to give God thanks for our two properties in the United Kingdom in: BR6 ODG SS2 5DT To God be all the glory INVESTMENT POLICY There are no restrictions on the church's power to invest hence any unrestricted and restricted funds may be invested in any type of investment. The Trustees have the power to invest in such investments as they see fit. They will however ensure to invest in low and medium risk investment with a view to ensuring the return on investment is above inflation rate averaged over a five- year period. RESERVES POLICY We are working towards holding reserve funds to cover 3 months of operational expenses for the Church at any point in time. RISK MANAGEMENT o The trustees actively review the risks, including financial risk, which the church faces on a regular basis. They have assessed the major financial risks which the church is exposed to as those related to downward turn in income of the church. The Trustees are satisfied that monitoring attendance, the health of the church and the expenditure and accounts and the reEular review of the controls over key financial systems will ensure this significant risk is mitigated. o The Trustees maintain and review a 'Risk Registerf, of the financial, operational and business risks. STATEMENT OF TRUSTEES RESPONSIBILITY Charity Law requires the trLJStees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the year end and of its incoming resources and resources expended for that year. In preparing those financial statements the trustees are required to..

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 o select suitable accounting policies and apply them consistently.. make judgements and estimates that are reasonable and prudent o Prepare the financial statements on the ongoing concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for: keeping proper accounting record5, disclosing the financial position of the charity with reasonable accuracy and ensuring that the financial statement comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detettion of fraud and other irregularities. OUTREACHES The Church continued to express itself through outreaches to the community and Missions in fulfilment of the Church Objective In addition to our outreach programmes for Church members, missions nationally and internationally, we continued with the annual Christmas Angels project in our Headquarters Church and the branches supporting families in need through the year. Signed on behalf of the Board of Trustees by .GI￿￿￿.￿IS￿uWsli*1.1l.l￿fj."/.3l￿I￿II[T¥1I PRINT NAME: Clement Esomowei DATE: 2410412026 io

TRUSTEES REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Appreciation o Senior Pastors and the board of Trustees wish to express special th3nks to all the pastors, ministers, leaders, chLJrch voluntary workers and members of Triumphant Church International for their unflinching support to the ministry. This has been a very challenging year for us all but the most victorious year as well because we can truly say Thus Far has the Lord brought us" Our labour of love will not be in vain IN Jesus mighty name. Amen. li

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestriced Funds Restrcited Funds TOTAL 2024125 TOTAL 2023124 Notes INCOME AND ENDOWMENTS FROM.. Donations and Legacies Raising Funds Investrnents Charitable Activities Profit on Sale of buildinE Other 3a 3b 272,182 272,182 290,622 s,ioo s,ioo 2,397 TOTAL INCOME 277,281 277,281 293,019 EXPENDITURE ON.. Charitable Activities Other 4a 4b 377,645 1,826 377,645 1,826 421,299 1,687 TOTAL EXPENOITURE 379,471 379,471 422,986 NET INCOMEIEXPENDITURE 1102,1901 1102,1901 1129,9681 Transfers between funds Other recognlsed galns and losses.. Revaluation adju5ttDents NETMOVEMENTIN FUNDS Reconciliation of funds.. Total Funds Brought Forward 1102,1901 1102,1901 1129,9681 2,771,108 1,595 2,772,703 2,902,671 TOTAL FUNDS CARRIED FORWARD Z.668,918 1,595 2.670,513 2.77Z.704 Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 9 to 15 form part of these financial statements. 12

FINANCIALSTATEMETS AS AT 31 MARCH 2025 Unrestriced Funds Re5trcited Funds 31 Mar 2025 31 Mar 2024 TOTAL TOTAL Notes Flxed Assets Tangible a55et5 3,068,243 3,068,243 2,491,169 Current Assets Debtor5 Cash Èt bank and in hand 29.729 96,240 125,969 29,729 97,835 127,564 43,005 263,002 306,007 1,595 1,595 Totsl Current Assets Credltors amount falling due within one year 25.294 25,294 24,473 TOTAL ASSEfs less current li3bilities 100,675 1,595 102,270 281,534 Creditor5.' amounts falling due more than one year io 500.OIK) 500,000 NET ASSErs 2,668,918 1,595 2,670,513 2,772,703 Funds of the Charity Gener31 Funds 2,668.918 2,668,918 2,771,108 DeslgnatÈd Funds Restricted Funds 1,595 1,595 1,595 Total Funds 2.66B.918 1.595 2.670.513 2.772.703 Approved by the Trustees on and Signed by ......................................................, Trustee PRINT NAME- 13

NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Basis of preparation: The financial statements of the charity have been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities Icharities SORP FRSSEI leffective l January 20151 and applicable accounting standards. I. ACCOUNTING POLICIES Income Recognition of Income These are included in the Statement of Financial Artivities ISOFAI when.. the charity becomes entitled to the resources,. the trustees believe it is probable they will receive the resources; and the monetary value can be measured with sufficient reliability Income with related expenditure Where income has related expenditure las with fundraising or contract income) the income and related expenditure are reported gross in the SOFA. Grants and Donations Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. Tax reclaims on Donations and Gifts Income from tax reclaims are included in the SOFA during the same period as the gift to which they relate. Gifts in Kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income when receivable. Donated se￿i(e$ and Facilities These are only included in income Iwith an equivalent amount in expenditure) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. Volunteer Help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. 14

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Investment Income This is included in the accounts when receivable. Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Expenditure and liabilities Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to Pay Out resources. Governance Costs Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters. Changes in Accounting policies and previous accounts The charity has opted to follow the SORP IFRSSEI for the financial year ending 31 March 2016. The comparative figures have been restated to reflect the requirements of Charity reporting. There is no effect on the results for the year ended 31 March 2016 or the net assets at 31 March 2016. Assets Tangible fixed assets for use by the charity These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt. Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a straight line basis over their estimated useful lives. The rates applied per annum are as follows: Fixtures, Fittings and Equipment Plant and equipment Motor vehicles io% io% 15% No depreciation is charged to freehold property as the property is maintained to such a standard that the estimated residual value is not less than cost. 15

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 2. TANGIBLE FIXED ASSETS Unrestricted Unrestricted Unrestrirted Unrestricted Land and Plant & Flxtures & Motor Building Machinery Fittings Vehicles TOTAL Cost Refurbishment Additions Disposal Cost at 01-Apr-24 2,328,218 1,140 570.805 136,378 7,222 50,366 2.522,184 1,140 594.245 20.387 3.053 31-Mar-25 2.900,163 156,765 10,275 50,366 3,117,569 Depreciation Disposal Charge Oepreciatlon 01-Apr-24 15,757 12.397 2,667 877 12,591 5.037 31,015 18.311 31-Mar-25 28,154 3,544 17,628 49,326 Net book Value Net book Value 31-Mar-25 31-Mar-24 2,900,163 2,328.218 128,611 120.621 6,731 4.555 32,738 37.775 3,068,243 2,491,169 Fixed assets are used for charitable purposes. 36 Chislehurst Road was acquired at a cost of £2.150,650 and the building was undergoing refurbishment, as at 31 March 2025 £178,709 was expended. On 31" March 2025 St. Mellitus Centre, 12 Oakhur5t Road, Southend on Sea, S52 5DT was acquired for £570,805. 3. Income Unrestriced Restrcited 31 Mar 2025 31 Mar 2024 Funds Funds TOTAL TOTAL al Donation and Legacies Bursary Gift aid tax recoverable Offerings and donations 29,729 242,452 272,182 29,729 242,452 272,182 43,005 247,616 290,622 bl Raising Funds Rent Received bl Investments Profit on sale of building Bank Interest 5,100 5,100 5,100 5,100 2,397 2,397 16

  1. EXPENDITURE Unrestriced Fund5 Restrcited Fund5 31 Mar 2025 TOTAL 31 Mar 2024 TOTAL al Charitable Activities Management.. Management Gr055 53lary and ernployers Nl 66,465 66,465 84,020 Church actlvltles.. Church services, outreach & honoraria Community projects Conferences and events Gifts and donations Media Ministry Ministerial Welfare Missions Musician5 and music licences Prayer Retreat Mens Camp Trading and Christian Resources Volunteers expenses 55,121 18,009 41,854 17,046 26,331 55,121 18,009 41,854 17,046 26.331 57,560 J8,076 44,670 20,817 27,472 23,187 20,654 23,187 20,654 29,896 20,830 3,528 3,528 7,848 Office and support costs.. Adrninistration 3nd office expenses Bank and Finance charges IT Support and Website Management Mortgage Interest Printing, postage and stationery Professional subscriptions and training Telephone and Internet Transport ènd motor 3,287 4,921 8,085 3,287 4,921 8,085 4,270 2,672 7,307 9,452 9,452 14,159 10,181 15,460 10,181 15.460 8,809 14,255 Premlses costs- Depreciation Professional Fees Insurance Light & Heat, Rent and Rate5 Repairs and maintenance 18,310 4,766 3,756 10,850 11,177 18,310 4,766 3.756 10,850 11,177 22,845 3,129 20,122 7,299 Governance costs: Independent examination fees Accountanry and Bookkeeping Fees 2,400 2,805 2,400 2,805 2,400 2,845 377.645 377,645 421.299 bl Other Sundry expenses 1,826 1,826 1,687 1,826 1,826 1.687 17

S. RESTRicfED FUNDS Balance 01-Apr-24 Balance 31-Mar-25 Income Expediture TCI- Women 1,595 1,595 1,595 1,595 6. DESIGNATED FUNDS They are no designated funds 7. CASH AT BANK AND IN HAND Unrestriced Restrcited 31 Mar 2025 31 Mar 2024 Funds Funds TOTAL TOTAL Current Accounts Cash in Hand 96,240 1,595 97,835 263,002 96,240 1,595 97,835 263,002 8. DEBTORS AND PREPAYMENTS Unrestriced Restrcited 31 Mar 2025 31 Mar 2024 Funds Funds TOTAL TOTAL Other Debtors Trade Debtor 29,729 29,729 29,729 29,729 43,005 43,005 9. CREDITORS ACCRUALS AND DEFFERED INCOME: AMOUNT FALLING DUE WITHIN ONE YEAR Unrestriced Restrcited 31 Mar 2025 31 Mar 2024 Funds Funds TOTAL TOTAL Bank loans and overdrafts Other Creditors Trade Creditors Taxation and Social Security Accruals 2,447 2,447 2,899 13,648 9,200 25,294 13,648 9,200 25,294 12,044 9,530 24,473 18

  1. CREDITORS ACCRUALS AND DEFFERED INCOME.. AMOUNT FALLING DUE AFTER MORE ONE YEAR Unrestriced Restrcited 31 Mar 2025 31 Mar 2024 Funds Funds TOTAL TOTAL Bank Loan 500,000 500,000 500,000 500,000
  2. SECURED DEBTS 31 Mar 2025 31 Mar 2024 TOTAL TOTAL Bank Loans 500,000 500,000 The mortgage is secured over the churches building
  3. STAFF Two employee served during the year and in the year 31 March 2025.

  4. TRUSTEES AND OTHER RELATED PARTIES Expenses: Expenses paid to trustees related to reimbursement of purchases made on behalf of the church, routine church expenses, repairs, travel and motor expenses. 2024125 2023124 Number of Trustees who were paid expenses The Board of Trustees con*irm that the Trustees expenses were reimbursed and received the following salary.. Wages and Salaries.. 2024125 2023124 Number of Trustees who were paid a salary Total amount paid £63,681 £79,250 The Board of Trustees confirm that no other payments were made to trustees or any persons connected with them during this financial period. The TrLJStees also confirm that no material transaction took place between the organisation and a trustee or any person connected with them. 19

  5. PUBLIC INTEREST The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or 'aims' that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

  6. EXAMINER'S NOTE This set of accounts has been prepared using records, invoices and payments provided by the trustee of the charity. The charity has engaged an inhouse accounts administrator and procedures has been implemented to produce accounts as per SORP requirements. The charity has started to implement proper financial controls and is continuing in implementing those controls including protocols for identifying all payments to Trustees to meet SORP disclosure requirements. The charity faced challenges from the cost of living crisis. As mentioned in Trustee report, the charity took all the necessary steps to cut cost and to help community. 20