LISBURN ENTERPRISE ORGANISATION LIMITED
STATEMENT OF FINANCIAL ACTMTIES
INCLUDING INCOMEAND EXPENDrruREACCOUNT
FOR THE YEAR ENDED 31 DECEhqBER 2022
Unrnstrlctfjd Unrnstrl¢l•d
fvnds
funds
2022
2021
Nolo8
Chadtable actlvltle$
Investsnants
643,234
907
635,501
1.689
Total Incom•
644,141
637,190
Charltsble a¢tlvllles
544,167
501.509
Net Incomg for tho yeavl
Net movernont In funds
99.974
135,681
Fund balances at 1 January 2022
3,874,828 3.539.147
Fund balanc•s at 31 D•c•mbor 2022
3,774,802 3,674.828
The slatem8nt of financljl acllvllleB Includes all galns and Iossas recognlsed ITr Ihe year.
All Income and expendlture derlve from contlnulng actlvltses.
The stalemenl of flnanclal acllvllles also camplles wlth the requlr8m8nts an Incofflo and expenditure accaunl
under the Companles Act 2006.
16-

LISBURN ENTERPRISE ORGANISATION LIMITED
BALANCE SHEEr
AS AT 31 DECEMBER 2022
2022
2021
Notes
Flxod awts
Tangible as5els
Currnnl as$•t•
Debt￿5
Cash at bank and In hand
io
2,944.893
3.073,001
11
21,954
920,034
27.289
719.355
941,988
746.644
Cradltors: amounts falllng du• wlthln
on• year
12
(112.079)
1144.8171
Net current assets
829,909
601,827
3,774.802
3.674,828
kncom• fund•
Unrostrlcted fundi
3,774,802
3,874,828
3,774.802
3,674,828
These financlal statomenls have tKen prepared In acCOrf8n￿ whh the prnvblons appltcabJ• 1¢ cornpanles subl•cl
to tha small companles regime.
Tha Itnandal statements wern appmvod by the Trusle•¥ and author1￿d kn Issua //./
slgned on its behall by:
MrA H RO￿.n￿on (Chalrman)
Tntsl
Mr N E Eiliott {Flnandal Dlr•cior)
Trust••
Company R•glstratlon No. N1024735
-17.

LISBURN ENTERPRISE ORGANISATION LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2022
2022
2021
Notes
ash flows from op•ratlng actlvltlas
Cash genernted from operalions
15
207,850
288.330
Inv•sllng actlvltles
Purchase of tanglble fixed a￿15
Investment InLx*me received
17,878)
907
(3.970)
1,689
N•t cash usod In Inv•&tlng actlvltl•s
(6,971)
(2.281)
FlnanGlng actlvltlos
Repaymenl of bank l¢ian$
1155,718)
Not cash u•od In flnanclng actlvltl•J
(155.718)
N•t Inueam In cash and eash •qulval•nts
200,679
130.333
Cash and cash equlvalents at b8glnnlng of year
719,355
589,022
Ca•h and cash •qulvalant8 •t •nd of yoar
920,034
719.355
18-

LISBURN ENTERPRISE ORGANISATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accountlng poll¢los
Charlty Inlonnallon
Llsbum Enlerprlsè Organtsatlon Llrnltsd 18 a prfvats company timlted ty guardniee IncOr￿ted kn North￿￿
Ireland. The ragbtored offke18 6 Ente￿rf8o Crexon( Ballhdery Road, Lkbum. CoAntrtm. BT28 28P.
1.1 AcGountlng convantlon
Tl* Itnanclal statéménts hava been prepared in acctbrdance wllh the charfty's Memt)rnndum and Arttdes of
As8oclallon. the Companies Act 2006 arKI 'A¢¢ounting and Reportlng by Charftles: Statement of
Recommendod Practlce appllcable to chariles pr9parng thelr accounts In accordance tho Flnanclal
Reportkng Standard appllcab18 In th8 UK and Republlc ol Ireland {FRS 102)" (as arner￿ad for accountlng
porfods conNnondng from 1 January 2016}. Th• ¢harty Is a Public Benefi1 Enllty a5 defined by FRS 102.
Tha Ilnan¢lal stahm•nts aro prepared kn Btgrflng. ¥*thlth Is Ihe fimclbnal cuThenw of Ihe chartty. Mono10ry
arnounts In these 1lnanclo1918tements are roun(18d to the noarnst L
The Ilnandal stalemgnts hav• been proparad under the hlstoTlcal cost convanuon. Tho prlndpal accounllng
pollcl85 qdopled ar8 below.
1.2 Golng ¢onc•rn
Al the tlme ol approvlno th• financlal stalements, the trustees have a reasonable •xpectatlM that the charfty
has adequate resources to contlnue In operatlonal exl$igneA for the foreseeable luture. Thul the tru8t8e5
contlnuo to adopt the golng concem basls of accounung In Pre￿￿9 the financlal statements.
1.3 Charttablo funds
Unrestrktod funds are avalleble lor uso al th? d18crallon of th• trustees In (urthernnce ol the* tharltsb
objactlves.
D•$lgnated funds comprlse urnstrlcled funds that have bean sat 8sld8 by tho tru8t¢es for PBrtthlar
puwes. Tho 8kn and use of each deslgnaled fund Is sel out In tho fK>te8 to tho thanci81 slalomgnlB.
Grants re￿Ived to fund capllal expendlture aro transleffed to deJlgn8ted funds frorn restrided fund$ ¥4th•n
expended and thon r•l•a$•d to general furKl& over th• rglatod a858t¥' useful economlc Iff•.
1.4 Incomlng r•Bou￿•S
Income Is recognlsed when the charity ts legally enliued toll aftarany performa￿0 condttions have ts0￿ mol,
the amounts can bo measured rellabty. and M Is prDbabk that income VAII be recelved,
Inccffilng resourcej from tharflatle aciNltles (xThprlses Il¢e￿8 fe8 Income, pmgramme Incorne,
admlnEstrativ8 servlces Income and consultancy.
Income 1$ defeThed when tt d08s not meat the crllerfa for recognttkjn ￿ Incomlng resources kn the Slatement
ol Flnanclal Actfvitkns, as entllloment lo the IrKom4ng resour¢¢ does not exlst at the balance sheet date.
Intorest on fvnds held on deposll Is Induded when rncelvable and the amount can be measured rellabty by
the charity: thls Is normalty upon notlfication of Ihe Interest paKI or payable by lh8 bank.
19-

LISBURN ENTERPRISE ORGANISATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Accountlng pollc105 (Contlnu8d)
1.5 Rasourcès èxpondad
All expendltura Is accounted on an accruals basls and has been Glassllled under headlngs that aggregate
all COBts relaled to Ihe calegfjy. Exp6ndlture Is recognls811 where Ih8r8 l¥ a leg81 or constructiv8 obllgation to
make payments to Ihlrd partles, it Is probabla Ihat the sewoment wlll be requlred and the amounl of the
obllgatlon can b8 measured rollably. It Is categorlsad under ono of the followlng headlngs: Costs ol ralslng
funds. Expendlture on ¢haritable acllvltles and Olher expendltur8.
Support costs ar• t1￿80 that as$lsl thè work of the chaty but do not dlrectty reprnsent tharllable actlvhles
and include office costs. governan￿ costs, depreclatlon COBts and admSni5trative payroll costs. They are
Incurred dlrectly In support of expendllure on the objects of the charlty and Includ8 project rnanagement
carried out at the office. Offlce costs. depreclation ujsts, govemance costs and payroll costs aro allocated lo
charitablo acdvltlaE baséd on percantago of tumovef. The allocatlon ol xupport ¢osts Is analysad In no¢e 7.
1.6 Tanglble flxed •ss•ts
Tanglble fixed assats ar• InI￿allY m8asur8d at cost and subsequently measured at Cost or valuali¢Jn, net of
deprBclatlon w*d any Impalmient10g$09.
D8proclallon Is recognl$ed so 85 to wrttg off the cost or valuatlon ol a8s9ts1o9S thelr iesldual values over thalr
useful Ilves on the follovAng base5".
Frèehold buSldlngs
Plant ond equlpm•nt
Flxtures and frtungg
3% Stralghl Ilne
10% Reduclng balan¢0
25% Reduclng balance
The gaSn gr loss arfslng on tho dlspojal of an a5sel Is detemlned as the drfference between the Bala
proceeds and the carylng value of the asset, and Is recognlsed In the stalement of financlal activllles.
1.7 Impalrnient of flx•d ass•ts
At each r8POrtlng end dale, Ihe ¢harftab18 company rovlews the carrylng amounb of Its tanglble assets to
detemilne whether th?re 1$ any Indicatlon tr>al Ihose assets havo suffered an Smpalrnient loss. If any such
IndI￿tIOn exists. the r•cov•rable amount of the asset Is estlmaled In order lo detemilne the 8Xtenl of the
Impalment toss (If any).
1.8 Cash and cash •qulval•nls
Cash and cash equlval&nts Include cash In harml. deposits held at call wlth bank5. other short-lerm Ilquld
Inveslrnenls wllh orlginal malurltles of Ihree mnths Dr less, and bank ovardrafts. Bank overdtalts are shown
wllhln bOrrO￿ng$ kn cuffenl 1labll1￿8S.
1.9 Flnanclal Instrumonts
The charlty has electgd to apply the provlslon5 of Sectlon 11 'Baglc Flnanclal Instruments. and Secllon 12
'Oth8r Flnandal Instruments Issues, of FRS 102 to all of Its flnanclal Instruments.
Flnanclal instnjments are racognised In the charitys balance sh88t when the charity becomes party to the
contractual provlsbons of the In$tNment.
Flnanclal a5S8ts and Ilabllttle5 are off501, wllh tho n81 amounts pr8sented in the financlal statements. when
there Is a legally enforceable right to sel off Ihe rBcognlsed amounts and there15 an Inlentlon to settle on
net basls or io reallse the a53et and settle thg liability slmultaneously.

USBURN ENTERPRISE ORGANISATION LIMrrED
NOTES TO THE FINANCFAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
AceountlTrg pollclos (Conllnu•d)
8•sk flnanclalassots
8a3lc financlal assets. whlch Indude debtors and cash and bank balanc8$. are 1n1t1al￿ measured at
transa¢llon prfce Includlng transactson costs and are stsbs8quenUy caThled at 8morllsed cost uslng the
effective Inler85t method unless the aTrangement conslltuies a flnanclng transac1k￿, vthere U)e transadon Is
measured al the present value of the future ree￿Ipts discounted at a market rale of knteresl. Flnanclal asBets
classified as recelvable wlthln on? year are not amortl8ad.
8ulc flnaftclalllablllues
Basic f￿anC￿l Ilabllltses. Indudlng (x8dltor5 and bank108ns ar8 Inttlally rec¢)gnlsed at transactlon prlco unle
the affangemenl c(JnsUtutes a finanang tran5actlan. where th8 debt Instrument is measured at th8 present
value of the luturo payments dls¢ounled at a market rate of InteresL FknancLql11obilitles classlfl8d as payabl8
wllhln one year aro nol 8mortlsed.
Oebt knstrumanls are subsequanty ￿l￿ed JI amorllsed cos( uslng the affect￿ Interest rate method.
Trade credltors ore obllgailons to pay for goods or seNIces that have acqulred In the ardlnary Cou￿9 of
operatlons frt)m suppllews. Ajnounts payable are cl8sslfi8d as current Ilablllllos If payment Is due wlthln on•
year or l&rys. U not, Ihay aro presented a8 non•curr8nt Ilabllltles, Trnde credllors are recognlsed Inltlally at
transathn prtce and 8ubgequonty ffleasuled at amothed cost uslfVJ the effectlv• Inlerest m•thod.
D•r•¢oqnldon olflnanclal IlabHltles
Financlal Ilabllltles ara dergcognlsod when the tharlty$ cuntractual obllgations explr• of arn dlscharged or
¢anceNed.
1.10 Employ•e bqneflts
Tho cost of •ny unused hollday ￿tI1•montI5 recognlsed In Ihe perbd In whlch the employg8'$ 8oMces are
recelved.
Ta￿lTratIon ben81]ts are recognlsèd Immedlatttly 89 an expense when the charlty ig d•monstrabty ¢ommltted
to temiinate the employment of an •mployee ¢x lo provlde temilnallon benefits.
1.11 R•tlrnment ben¥fits
Payrnonts lo defined conlrtsutlon r•llr•m•nt ben8fft 8cheme8 are charged as an expense as th•y lall due.
Grltlcal accountlng •Stlm•t•8 and Judg•m•nl•
In Ihe appltcatlrm ol tha charity's accountlng polldes. the trustees are requlred to make Judgemenis. esllrnates
and assumptlons about the eaffylng amounl of assets and Ilabllltkns Ihat aTO not readlEy apparent from other
sources. The eslimales and assodaled assumptlons are based on hislorfcal experlence and olh¢r factorn that
are constd8r8d to bo rol•vanL Pdual resulls may dlffer Irom Ihe8e eslimate8.
estlmates and underlylrvJ assump￿￿5 are reNiewed on an ongoing basls. Revislons to accountkng
estimates are recognlsed in the period In whlch the ast*nate k8 rnvlsed 4*there the revlslon affeds only Ihat
P8rlod, or tn lh8 P8rfod of tha rnvision and fulvre perlods where the revtslon affects both ¢urrenl and future
pedods.
21

LISBURN ENTERPRISE ORGANISATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Crlllcal accountlng ostlnMt•$ and Judgenwnts Icontlnued)
K•y sourcès of estlmatlon uncartalnty
Flxed As￿**
The annual depr8dallon charge on fixed assets depends ￿marilY on Ihe estimaled lives of each type ol asset
and esllmat85 of resldual values, The trustees r8gularfy review theso assets Ilves and change them as
necessary lo refloct current Ihlnkkng on rernainlng Ilves In Ilght of prospeclivg 8corMJmlc ullllsation and physlcal
condition of the assets concemod. Changes In asset5 livgs can have a signifleant impact on deprecialfjon
charges for lh8 perfod. Delall of the u59tul lives 1$ Included In the accoun16ng pDltles.
Re3trlct•d and unrnstrlct•d funds
Judgement are made In rela￿tsn to allocallon of income and exp8ndllur8 lo rgstrfcted and unrostrictod fvnds.
The tnjslees consider It appropréate lo allocate th888 funds based on donations r8celved.
Charltabh actlvltles
Unrostrlct•d funds
Unrestrfctad
fund$
2021
2022
Progrnmme and consultancy Income
Llcenca fee Incom8
SacretarSal and other serylcog
46,006
542,285
54,943
61.077
534,486
39,938
643,234
635,501
Inv••tments
Unrestrfctod Unreslrbcted
fund¢
fund$
2022
2021
llllerest receNable
1.6B9

LISBURN ENTERPRISE ORGANISATION LIMITED
NOTES TO THE HNANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Charftabl• aGttvltl•s
2021
Stsff cosls
Depreclatlon and Impairmant
Prnornmmo oxpendlturo
Rates
Insurnnc•
H•al and Ilght
Repalro and ronawals
Equlprnenl maintenance
Prinllng. postsga and 8tallonory
Waste dlsposal
Secvvty ser¥k•
Genernl expensos
Bad debts
Tfalnlng & dO￿l0￿nent
CleanSng
Adv8rt1slng
Telephone
Computer costs
Hlrn of eqUlprn￿
Motor & travel
8ank tharges
8ank internst
I￿natIOnS
Subs(xlptlons
Profil or loss on sth of langlblo ofjjets
149.158
135.984
13,153
15a,657
136,901
27,019
4,800
17.505
46,307
35,498
9.325
1.711
17,357
2,563
7,902
18,497
74,183
57,375
12,397
6,502
14.951
2.495
10.646
113
1,024
14,406
425
3.241
9,437
1,391
5,917
2,860
7.757
435
3,748
8,287
1.388
7,312
.121
238
100
370
15
138
637.082
495,174
Sharn of govemanco costs {sae note 7)
6235
$44,167
501.509
Anatysls ty fund
Unrestricted funds
$44,167
$44,167
For tho yoar endéd 31 Doumb•r 2021
Unreslrfcted funds
So1￿09
501,50g
-23-

LISBURN ENTERPRISE ORGANISATION UMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Descrfptlon of charltable acllvlllos
Urban and
conomlc
Al charltable adlvltie5 focus on the promollon ol urban and econo￿￿¢ regeneratton In Ihg Greater Ll$bum
area.
Support costs
Support Gov•manc•
costs
2022
2021
Audlt f809
Legal and profosslonal
3.685
3,400
3.685
3.400
3,160
3,175
7,085
6,335
Analysed babNeen
Chadlablo acil%fjtlo5
7,085
7,085
6,335
Govemanco costs In¢lud•s payments to tho audft*3rn of£3.685 {2021- £3.160) for 8udlt f883.
Tru¥tO•S
None of the trustees (or any perBons connected wtth th8rn) recelved any remunerallon or b•nefits from lh•
charfty during the year.
Employe•8
The averagg monthly number of employees d￿rIng th• year was..
2022
Numb
2021
Numb•r
Aflrnl￿Strauon
Employmgnt cogls
2022
2021
Wages and salades
Soclal s8curlty costs
Othar penslon costs
135,463
9,758
3,937
136.688
9.761
4,208
149,158
150.657
-24-

LISBURN ENTERPRISE ORGANISATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS {coKnNUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Employ•es {Contlnu•dl
The numbar of emthee3 *those annual remunerath?n was £60.000 or morn
were:
2022
Numb•r
2021
Nurnbor
£60.000- £70.000
10 Tanglbl• IlxDd w•1•
Fwhold
buMdkng•
Pl•nt and PIXtu￿
•qulpm•nt
Cost
At 1 January 2022
Addttlon8
6,248.923
3,748
116,283
175,231
4,130
6,$40,437
7,878
At 31 De(*mbor 2022
6.252.671
116,283
179,381
6,548.315
D•prnelatlDn and Impalrm•nt
At l January 2022
Depre¢SJllon chargad In the yoar
3,208.796
130,828
98,108
1,837
162.534
3.319
3,467,438
135,984
Al 31 Dacefflber 2022
3.337.624
99.945
185053
3.603.422
Carylng amount
At 31 D¢cemb•r 2022
2,915,047
16.338
13,508
2,944,893
At 31 Do¢onth•r 2021
3.042,128
18,175
12.898
3,073.001
11 O•blorn
2022
2021
Amounts falllng du• wlthln on• y•ar.
Trade debtors
Other deblorn
Prepayrnents aThJ accrued Incomè
17,140
286
13,027
7.098
7,164
21.954
27,289
-25.

LISBURN ENTERPRISE ORGANISATION UMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
12 Crndllors: amounts falllng due wlthln one ￿ar
2022
2021
Other taxatlon and soclal securfty
Trade credltors
Other cradllors
A¢cTuals and deferred In¢om8
25,205
9.n2
59,185
17,977
22.029
32,347
56,253
34,188
112,079
144,817
13 Op•rnUng lea¥• ￿MMItments
At the reportlng end date the charfty had oulslandlng commltments for future mlnlmuffl lea68 payments under
nonvcancellablo operdllng leases, whkh fam as follows;
2022
2021
Wlthln one year
Balwggn hvo and fve yearn
5,495
713
5,495
6,207
6,208
11,702
14 Rolat•d party lrnn•actlons
R•rnunoratlon of kéy managomeiit por50nn•l
The remuneratlon ol key management pe￿Onnel Is as follows,
2022
2021
Aggrngats compensatlon
90,335
79,101
The charity conslders Its kay managam8nl personnel to comprise of Ihe chlof oxfjcutfve officer and senlor
bu51ness advlsor.

LISBURN ENTERPRISE ORGANISATION UMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
15 Cash g•n•ratsd from op•raUtsns
2022
2021
Surp￿$ for the y8ar
99.974
135.681
Adfvslments for
Investmenl In(x)me reco￿lsed In glatThnt of finandal ocllvltie8
(GalnyIo89 1)n dl8pogal of tanglble fixed awts
D•pTeclakn and ImpalM￿nt of tanglble fflxed assets
(907)
{1,6891
15
136.901
135.984
Movements In worklng opttd".
Drna80 In debt
(Demg•Yin(xeaB• h credltors
5,335
(32,736)
278
17,144
Ca8h 9•n•rat•d from op•ratloThs
207,650
288,330
16 Analys1$ of changas In net funds
Tho ch￿ty had no debt the year.