**Company registration number: 04961486 Charity registration number: 1112617**
**Omega Community Living Limited**
**Trustees' report and financial statements**
**for the year ended 30 November 2024**
**Omega Community Living Limited**
## **Contents**
||**Page**|
|---|---|
|Legal and administrative information|1|
|Trustees report|2-3|
|Independent examiners' report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Statement of Cash flows|7|
|Notes to the financial statements|8-12|
**Omega Community Living Limited**
## **Legal and administrative information**
|**Charity number**|1112617|
|---|---|
|**Company Number**|04961486|
|**Registered office**|19 Randolph Approach|
||Custom House|
||London|
||E16 3HU|
|**Trustees**|Ade Awosika|
||Yvonne Hines|
||Irene Legusen|
|**Accountants**|PPS Accountants|
||11 Farnes Court|
||Worksop|
||Nottinghamshire|
||S81 0LZ|
|**Bankers**|Bank of Scotland|
Page 1
**Omega Community Living Limited**
## **Report of the trustees for the year ended 30 November 2024**
The trustees, who are also directors of the charity for the purposes of the Companies Act, present their annual reports and the financial statements of the charity for the year end 30 November 2023. The trustees have adopted the provisions of the 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 (FRS102).
## **Structure, governance and management**
Omega Community Living is a company limited by guarantee and a registered charity.
## **Objectives and activities**
To provide high quality accommodation, housing management and support vulnerable adults with Mental health and learning difficulties.
To promote greater independence for service users through practical assistance, emotional support, skills training and poverty reducing interventions;
To increase access to information and community services;
To Deliver a highly professional and flexible service that takes account of service- users' racial and cultural background and respect individual dignity and privacy.
Provide a package of care and support that is empowering to the service user and is responsive to their individual needs;
To promote social inclusion and participation and raise awareness of good mental health.
## **Achievements and performance**
Despite the difficulties, OCL has continued to make a significant difference in the lives of those we support. Service user feedback has been overwhelmingly positive, with many expressing gratitude for the stability and and encouragement they receive. One service user recently commented: _“Before I came here, I didn’t feel like I had a future. Now I feel listened to, supported, and I believe I can start building a life for myself.”_ Another remarked: _“The staff treat me with respect. They help but they also give me space to do things on my own. That makes me feel proud.”_
Our commitment to person-centred support has led to successful outcomes. Several service users have transitioned to more independent living arrangements, demonstrating the effectiveness of our approach. Others have begun volunteering or re-engaging with education, showing renewed confidence and a sense of belonging within the community. A case in point is “SM” (name anonymised), who moved into OCL accommodation earlier this year after experiencing a period of instability and social isolation. With tailored support, SM has begun to settle into a routine, reconnect with his interests, and take steps towards greater independence. His progress has been encouraging, and he has expressed that for the first time in years, he feels hopeful about the future. Another example is “M,” a woman with learning disabilities who initially struggled with day-to-day living skills and low self-esteem. Through patient support and encouragement, “M” has gained confidence in managing her personal care, budgeting, and preparing meals. She recently shared, _“I never thought I could live on my own, but now I can see myself doing it one day.”_
Stories like these reflect the dedication of our staff team, who continue to provide high-quality support despite financial and operational pressures. Their resilience, combined with the determination of our service users, remains central to our success.
Page 2
## **Omega Community Living Limited**
## **Report of the trustees (incorporating the directors' report) for the year ended 30 November 2024**
value of social care services to secure more sustainable funding. We recognise the importance of long-term, stable funding to maintain the quality and safety of care. Additionally, we are exploring cost-effective methods of service delivery without compromising on the quality and integrity of our support. By continuing to build on our established track record and reputation for integrity and quality, we aim to adapt and evolve, ensuring that we can continue to support our service users in leading valued, fulfilling lives within the community. Through resilience, innovation, and a steadfast commitment to excellence, OCL will strive to overcome these obstacles and continue making a positive impact on the lives of those we serve.
## **Financial review**
The gross income of the charity was **£763,911** for the financial year with total expenses of **£731,916** .
## **Public Benefit**
The trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding activities undertaken by the charity. The trustees are satisfied that the information provided in the report and accounts meets the public benefit reporting requirement.
## **Risk Assessment**
The trustees are fully aware of the major risks to which the charity is exposed and have taken steps to manage those risks.
## **Reserves Policy**
The trustees aim to hold a minimum of three months running costs in reserve at any point in time.
## **Plans for Future Periods**
Omega Community Living remains steadfast in its mission to support individuals with mental health needs, learning disabilities, and experiences of homelessness. We acknowledge the many challenges we face, financial constraints, limited resources, and systemic pressures, but we also celebrate the achievements of our service users and staff.
Our priorities for the year ahead include exploring alternative funding opportunities, strengthening partnerships, and investing in staff development to ensure the continuation of excellent care. We will also continue advocating for fair and sustainable funding in social care, recognising that long-term investment is essential for maintaining both quality and safety.
Through resilience, innovation, and a commitment to person-centred care, OCL will continue to empower individuals to lead fulfilling lives. As one service user put it: _“This place gave me a chance when it felt like no one else would.”_ It is this trust and transformation that inspires us to keep moving forward, despite the obstacles, with hope and determination.
## **Small Company Provision**
This report has been prepared in accordance with the special provisions for small companies S419(2) of the Companies Act 2006.
On behalf of the board
_ade awosika_
...................................
Mr Ade Awosika 25th September 2025
Page 3
**Omega Community Living Limited**
## **Independent examiner's report to the trustees on the unaudited financial statements of Omega Community Living Limited**
I report on the accounts for the year ended 30 November 2024 set out on pages 1 to 12
## **Respective responsibilities of trustees and examiner**
As the trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act).
Having satisfied myself that the accounts of the Company are not required to be audited for this year under part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act
2011 ("the 2011 Act"). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145 (5)(b) of the 2011 Act.
## **Basis of the Independent examiner's statement**
The company's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Certified Public Accountants Association, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
- the accounts do not accord with such records; or
- the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the Charities SORP (FRS 102).
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.
## _thomas ojo_
## **Thomas Ojo ( BA, BSc, FCPA) Independent examiner**
## **Date: 26th September 2025**
Page 4
**Omega Community Living Limited**
## **Statement of financial activities**
## **For the year ended 30 November 2024**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**Notes**
**£**
**£**
**Income and Endowments from:**
Charitable activities
2
763,911
_______
_______
**Total**
763,911
-
**Expenditure on:**
Charitable activities
3
731,916
-
______
______
**Total**
731,916
-
_______
_______
**Net income/(expenditure)**
5
31,995
-
**Net movement in funds**
31,995
-
**Reconciliation of funds**
Total funds brought forward
32,853
-
______
______
Total funds carried forward
64,848
-|**2024**
**Total**
**£**
763,911
______
763,911
731,916
______
731,916
_______
31,995
31,995
32,853
______
64,848|**2023**
**Total**
**£**
759,232
______
759,232
733,241
______
733,241|**2023**
**Total**
**£**
759,232
______
759,232
733,241
______
733,241|
|---|---|---|---|
|||_|______
25,991
25,991
6,862|
||||______
32,853|
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
Page 5
## **Omega Community Living Limited**
## **Balance sheet**
## **as at 30 November 2024**
|**Notes**
**Fixed assets**
Tangible assets
**Current assets**
Debtors
Cash at bank and in hand
**Creditors: amounts falling**
**due within one year**
7
Other bank Loans
**Net current assets**
**Net assets**
**Funds**
8
Unrestricted income funds
**Total funds**|**£**
-
69,043
_______
69,043
-900
-3,295
_______|**2024**
**£**
64,848
_______
64,848
_______
64,848
_______
64,848|**£**
-
84,164
_______
84,164
-900
-50,411
_______|**2023**
**£**
-
32,853|
|---|---|---|---|---|
|||||_______
32,853|
|||||_______
32,853|
|||||_______
32,853|
The financial statements were approved by the trustees on 25th September 2025 and signed on its behalf by:
_ade awosika_ **............................................**
## **Trustee**
Mr Ade Awosika
Page 6
## **Omega Community Living Limited**
## **Statement of cash flows**
## **for the year ended 30 November 2024**
|Net incoming / (outgoing) resources for the year
Depreciation and impairment
Decrease/(Increase) in debtors
Increase/(Decrease) in creditors
**Net Cash inflow from operating activities**
Capital expenditure
**Increase in cash in the year**
Reconciliation of net cash flow to movement in net funds
**Increase in cash in the year**
**Net funds at 01 December 2023**
**Net funds at 30 November 2024**|**2024**
£
31,995
-47,116
**-15,121**
-
-15,121
-15,121
84,164
**69,043**|**2023**
£
25,991
-
-10,920|
|---|---|---|
|||**15,071**|
|||-
15,071
15,071
69,093|
|||**84,164**|
Page 7
## **Omega Community Living Limited**
## **Notes to financial statements for the year ended 30 November 2024**
## **1 Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding period.
## **1.1.Basis of accounting**
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' SORP 2015 and the Companies Act 2006.
## **1.2.Cashflow**
The charity has produced a cashflow report in accordance with FRS 102.
## **1.3.Incoming resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Income received by way of grants, donations and gifts are included in full in
the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
## 1.4 **Resources expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **1.5.Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Fixtures, fittings and equipment 25% straight line
Page 8
**Omega Community Living Limited**
## **Notes to financial statements for the year ended 30 November 2024**
## **2 Income from Charitable Activities**
|**Period**
**Period**
**ended**
**ended**
**Restricted Unrestricted**
**£**
Total Charitable income
-
763,911
_______
_______
-
763,911
_______
_______
**Costs of charitable activities - by fund type**
**Period**
**Period**
**ended**
**ended**
**Restricted Unrestricted**
**funds**
**£**
Charitable Activities
-
731,916
_______
_______
-
731,916
_______
_______
**Costs of charitable activities - by activity**
**Period**
**Period**
**Activities**
**Grant**
**undertaken**
**funding**
**directly**
**activities**
**£**
**£**
Charitable Activities
731,916
-
_______
_______
731,916
-|**Period**
**ended**
**2024**
**Total**
**£**
763,911
_______
763,911
_______
**Period**
**ended**
**2024**
**Total**
**£**
731,916
_______
731,916
_______
**ended**
**2024**
**Total**
**£**
731,916
_______
731,916|**2023**
**Total**
**£**
763,911|
|---|---|---|
|||_______
763,911|
|||_______
**Period**
**ended**
**2023**
**Total**
**£**
733,241|
|||_______
733,241|
|||_______
**ended**
**2023**
**Total**
**£**
733,241|
|||_______
733,241|
## **3 Costs of charitable activities - by fund type**
## **4 Costs of charitable activities - by activity**
Page 9
**Omega Community Living Limited**
## **Notes to financial statements for the year ended 30 November 2024**
## **5 Employees**
|**Employment costs**|**Period**|**Period**|
|---|---|---|
||**ended**|**ended**|
||**2024**|**2023**|
||**£**|**£**|
|Wages and salaries|386,295|369,772|
|Social security costs|29,773|27,445|
|Other costs|7,131|6,570|
||_______|_______|
||423,199
_______|403,787
_______|
No employee received emoluments of more than £60,000 (2023 : None).
## **Number of employees**
The average monthly numbers of employees during the year, calculated on the basis of full time equivalents, was as follows:
||**2024**
**Number**
12
_______
12|**2023**
**Number**
11|
|---|---|---|
|||_______
11|
Page 10
**Omega Community Living Limited**
## **6 Comparative Statement of Financial Activities**
## **Statement of financial activities For the year ended 30 November 2023**
|**Unrestricted**
**funds**
**Notes**
**£**
**Income and Endowments from:**
Charitable activities
2
759,232
_______
**Total**
759,232
**Expenditure on:**
Charitable activities
3
733,241
______
**Total**
733,241
_______
**Net income/(expenditure)**
5
25,991
**Net movement in funds**
25,991
**Reconciliation of funds**
Total funds brought forward
6,862
______
Total funds carried forward
32,853|**2023**
**Total**
**£**
759,232
______
759,232
733,241
______
733,241
_______
25,991
25,991
6,862
______
32,853|**2022**
**Total**
**£**
780,356
______
780,356
763,111
______
763,111|**2022**
**Total**
**£**
780,356
______
780,356
763,111
______
763,111|
|---|---|---|---|
|||_|______
17,245
17,245
20,114|
||||______
37,359|
Page 11
**Omega Community Living Limited**
## **Notes to financial statements for the year ended 30 November 2024**
|**7 Creditors: amounts falling due**
**within one year**
Other creditors
Accruals and deferred income
Other bank loan
-|**2024**
**£**
-
-900
-
3,295
-
_______
-4,195
-|**2023**
**£**
-
900
50,411
|
|---|---|---|
|||_______
51,311
|
## **8 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Long term liabilities
Total Funds
**9 Unrestricted funds**
Unrestricted funds
**10 Restricted funds**
Restricted funds|**Unrestricted**
**funds**
**£**
69,043
-900
-3,295
_______
64,848
_______
**At**
**Incoming**
**Outgoing**
**2023**
**resources**
**resources**
**£**
**£**
**£**
32,853
763,911
731,916
_______
_______
_______
**At**
**Incoming**
**Outgoing**
**2023**
**resources**
**resources**
**£**
**£**
**£**
-
-
-|**Total**
**funds**
**£**
-
69,043
-900
-3,295|
|---|---|---|
|||_______
64,848|
|||_______
**At**
**2024**
**£**
64,848|
|||_______
**At**
**2024**
**£**
-|
## **11 Going concern**
There is not reason to suggest the charity will not continue as a going concern over the next twelve months.
Page 12