(HARirY Trustees, Annual Report for the period Penod start dale Day Month . odober Period end dale Day Moftth To 16 October Year Yegr 2024 Frorn 2022 Section A Reference and administration details Charlty namo The Omega Cenlie Trust othor names charlty Is known by Registered charlty number(rfanyl 12(Xi770 Charitys principal address Omega Centre Omega Street, Soulhsea , Portsmouth Postcode P05 4LP Names of the charity trustees wtho manage tho ¢harlty Dat•s actsd If not for wh¢* ar 20110122 to 16110124 Tru8t•e name oiric• lil anyl Name of por$on lor body) entitled toa int trustee Ifon The Omega Centre Trust The Omega Centre Trust The 0ga Centre Trust Th8 Ornega Centre Trust The Ornega Centre TTUSt The Omega Centre Tm$t Dr Celia Mary Cla Bemadette Smith Counallor Cal Eoin Corkery Samantha Louise Smith Carolyn Helen Barber Bradley Cart Smith Trustee Tmslee 20110122 10 16110124 Tnjslee 20110122 to 16110124 Tnjslee 20110122 to 16110124 20110122 to 16110124 Trustee TreaSur 20110r22 to 16110124 10 12 13 14 15 18 19 20 Names of the trusts&s for thg ¢harity. if any. {ft>r example, any custodian trnsteesl Name Dates acted rf not for whole ear TAR M8rch 20t2
Narn and addrKs8s of advlseys {Optlonal Infornyatlon) e of advlser Name Address ,Consuttant Aun Bond CIO Portsmouth City Counal. Civic Centre, Portsrnouth 'Bank•r Barclays PLC. Barclays Business Manager, Bexleyheath Business Centre Paula Smith Name of chiof executive or names of senlor staff membèrs (Optional infomation) Section B Structure, overnance and mana ement Descrlptlon ol the charity's trusts CONSTITUTION Type of goveming dccument How the tharity 5$ )nstitute TRUST Trustee selection methods By appointment in line cONSTITil0N sectton 9.2 Addltional govemanco i$gu•s (Optional information You may choosgto include additsonal information. where relevant, about.. The Trustees acknowledge their duty to identify, r8view. and assess the major risks lo Nthich the charity is exposed, and lo ensure that appropriate controls and systems are estsblished lo manage those risks. comprehensNe review of major rigks has been ¢ondu¢ted. and $ys16ms have been Implented lo mitigate them. policies and procedures adopted for the induction and training of Injstees., the charity's organisational structure and any wider ne0[* with vhtich the charity works., The primary risk identified and managed during this period was the potential loss of the Omega Centre building as a core asset and the ressjlling reliance on a single. specific source of funding. This risk malerialised, ultimately leading to the cessation of the charitys operations as detailed further in the Finanal Review section. The trustees have taken appropriate steps to manage this wind-up process in accordance with the chanty's goveming document and Charity Commission guidance on "ck)sing a thariW. • relationship with any related parties., tNslees' consideration of major risks and the system and prctedures lo manage them. TAR Klarch 2012
Section C ectives and activities The Omega Centre Tfusfs purposes. as sel out in its goveming document. were lo.. (a) To promote the benefit of primarity the inhabitants of the Cty of Portsmoulh, without distinction of gender. age, ethnicity, disabilty or political or religious opinions by assooating with local authorities, voluntary organisatsons and inhabitants in a comm effort lo advance education and to provide facilities in the interest of Sla1 welfare. health and wellbeing for recreats'on and leisure me activities with the (lect of improving the condibons of lrfe for the said inhabitants., Summary ofthe objects of the ¢harity set out in Its governlng document {b) To establish or secure the establishment of 8 ntre for the community and to manage and maintain, or lo Coperate with others in the management and minlenance of such as centre for acts'vilies promoted by the Trust and by other organisations in fvrtheranr* of the above object. The Trustees confim they have mPlIed with their duty under Secti¢Jn 17{5) of the Charities Act 2011 to have due regard to the Chaiyty Commission's public bleffl gUlan. All activitses undertaken during the period We to fiJrther the charitable purposes for the public benefft. Summary ofthe main actlvltles undertak&n for the public benefit in rèlation to these objects {Include within this sectlon the statutory declaration that trustees hav• had regard to the guidanco Issued by the Charty Commission on publi benefftl Trusts main actlvits'es were primarity foSed on.. 1. Develop and publish a long-lem business plan for the funding, transfer, redevellwmenl, and day-lTrday running of the Omega Centre {communty centrel. 2. To facilitate the transfer or long-temi lease of the Omega Centre. owned by Portsmuth City CounL?l Elementary Education Foundation. and administered by Portsmouth City Counol all of whom a Councillors. 3. Implement the plan. Addltlonal d118 of objectives and acllvltles Ioptlonal Infomiatlon} The Ttee$ would like lo extend our gratilude for the support and encouragement given by the occupants of the Omega Cenlre. and dedicated volunteers. You may ¢hoose lo indude further stalemenls, where relevant, about. policy on granlmaking.. policy programme related investrnent,. Contributs. made by volunteers. TAR Marctt 2012
Section D Achievements and performance Long-tem business plan was developed for free by an independent consultant Bond employed Portsmouth City Cnl with input and support of Truslees of the Omega Centre Trust. Summary of thè main achievements of the charity durlng the year Despite the challenges faced, we were able to successfully establish a charity wsthin the timeframe Stipulated by Portsmouth City Council Elementary Education Foundation IPCCEEFI, and coordinate meetings betsveen the leader of Portsmouth City Council IPCCI, Councillor Gerald Vemon Jack$¢)n, and the ¢)ccupants of the Omega Centre. Netsvorked th a diverse group of Icral non-profits and community organisations across the POrtSmth area, working together lo address shared challenges and provide vital support to vulnerable pcyulab'ons. The Charity has been effectively in a holding pattem &vaiting decision on Ihe future of the Omega Centre building by both PCCEEF & PCC for | few years. These delays and then the subsequent decisN)n by PCC to transfomi the Omega Centre into a new special school for thildren wilh severe and complex specsal educational needs (SENDI. Plans have been approved, and a £7.5 million investment trom Portsmouth City cne11 will fund the convers1, which aims lo increase the number of places available for these Students. School Conversion.. Portsmouth City Counal has agreed in principle lo convert Ihe Omega Centre into a new special Sch1. Fundlng.. The prO1t has been allcuted 8 £7.5 million boost to faalitate the conversion and expand the schcol's capacity. Purpose.. The new sch1 is being uealed to addre99 the growing demand for $peryal edurAItr'onal needs piac8s in Portsmouth. Project ststu$'. The plants have been presented and approved by the council, and the Project 1$ proceeding. Subsequenty lead to the decision of the Twslees lo dose the trust in October 2024. wth dO$u gIStered with Charities Commission in September 2025. The Omega Centre Trustees have expressed signrfi¢ant concems for many years regarding the independence and conllicl in interest of PCCEEF and PCC, given that the same councillors are making decisions on both funding and the building's future. The deasion to ¢Lvert the facility has decimated the long-standing community of 8rtisls. sportspeople, and local supporters who have ulilized the facility for many years. Many of these groups are in the process of relocating due lo the building's impendino closure and development into a new £7.5 million Special Educational Needs Disabilities ISENDI school. Although PCC maintains that all tenants were given over a yearfs notice and that staff are actively )rkIng lo help groups find suitable altemative premises in the area. none Wld have the same comunity feeling. TAR March 2012
Section E Financial review The Trustees o)nfiTh that the tharity did not maintain a formal reserves policy, as ils financial position throughout rts operational period did not allow for the accumulation of unrestricted funds. Brief statement of th• charity's policy on reseNes The minimal fund$ available were fully expended to cover the costs of the charity's orderty elosure, including adminislralive and winding-up expenses. The charity is solvent. a)d all debts and liabilities have been fulty discharged. Detalls of any funds materially in deflclt Further financlal revlew details Ioptlonal infomiatlon) The Omega Centre Trust w88 established wth an initial. neSsary seed contribution of £100 from one of the Tfustees. The Trust's opemtional viability was predicated upon a finana81 model that included antiapaled income streams from the Omega Centre {community cenlre) building, and speiific grants from PCC and Community Ownership Fund. You may choose to include addilional infomialion. where relevant about.. the charity's prinapal sources of funds {induding any fundraisingl., how expenditure has supported the key obpdives ofthe charity", invesknent policy and objectives induding any ethical investment policy adopted. Regrettabty, the Tnjsls application for Community Ownership Funding was unsuccessful due to PCC and PCCEEF not signing the required Letter of Intent. The failure of this primary income source to malerialize, coupled with other funding issues. left the Trust with no operational funding beyCd its init181 £1(K) capital and lo the cessation of its activities. The Trustees report wilh profnd regret their deasion to wind up The Omega Centre Trust and cease all operation$ a5 of 16" October 2024. following careful consideration of the charity's financi81 viability and ils ability lo conlinue as a going concem. Closure subsequently registered wrth Charities Commission in September 2025. The dosure is directty attributed to PCC & PCCEEF failure lo follow through on previ$ commitments and execute the necessary building transfer. which was a preqUI311e for ongoing fijnding. This sudden Cessation of anticipated core support rosull6d in an unsustainable financial deficit. The Trustees actively pursued all available opb"M$, induding seeking allemalive funding sources, managing other Community buildings, and exploring potential mergers., however, no viable altemalives were forthcoming or sufficient lo mitigate the signrficanl gap created by the Council's actions. TAR Maich 2012
Section F Other optional information Asset transfer process ensured all liabilities were setued. As no assets remained thereafter. there was no sidual value to be transferred to any other organisatton for continued tharitsble work within Portsmouth. The Omega Centre Trugt has aSed all acts'vitieg and being closed Ihrough Charity Commission, thus has ,' no plans ft)r fvlure periods. The focus is now scAety on ¢ompletsng the fonnal de-registration process with the Charity Commission. Section G Declaration The Iru¥tws declarè that they have approvod the trustees, report al)ovo. Slgned on behalf of the charlty's trnste8s Signatur01$} Full namo($) Position (eg Secretary. Chair. etcl Bradley Carf Smith Treasurer Bemaoette Smith Trustee Date 14 November 2025 TAR March 2012
CHARITY COMMISSION FOR ENGLAND AND WALES Th¢ Om•9• C¢ntr• Tiut Receipts and ments accounts CC16a Fortho porlod from 2w.r2 To 1&0ct.24 Section A Receipts and payments Ufir8strictod lund• Resirictfrd fvnds Endowm8nt funds Total funds Lasi ypdi ttth• nMre•tt A1 Rec•1 100 AR) 1fy) ity) sset a nv•sbrnn Tot•1 rn¢•lpts 1Th) A3P• 10D Sub tot•1 100 A4 Ass•t and Ihv•stment Sub total 100 1ty] N•t ofrK•lptW(p•ym•nt•) AS Transfern betsmen funds A6 Cash lunds last year•nd C••h fund• th1•Yrand CCXX R1 accountyissi 14111r2025
Section B Statement of assets and liabilities at the end of the period Unrnstricted funds R¢5tricted funds EftdoTh•nt funds Categor¢es Deiails lo n¥t£ Tot•1 ¢•8h lund End¢)%bTh•ntlunds lunds ¢0 ¢ funds trnNr••t£ Detai15 Fwd Delai15 B3 In•trn•nt sMts tyetailt B4 Assets rthin•d forth• h4rity'• own u8• B5 Liabilitiès sVjn one QfknY>truoe• on beW¢l etrU11¢8 nature Print Name Date of approval -114 CCXX R2 xwunBISSI 14111r2tr4S