LISBURN ENTERPRISE ORGANISATION LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LISBURN ENTERPRISE ORGANISATION UMITED Oplnlon We hava audlted Iha financlal statements of Llsbum Enterprise Organlsatlon Llmlt•d (th• 'charlty') for the y8ar ended 31 December 2022 whlch compd88 the stat8ment of financlal activities. Ihe balance sheet. the statement of cash Ilows and the notes to Ihe financlal stalements, Includlng a summary of Blgnlficant accounting pollcles. The nanclal reporting framework that has been applled In thelr proparallon Is appllcable law and United Klngdom Accountlng Standards, Includlng Flnanclal Reportlng Standard 102 The Flnanclal Reportlng Standanl appllc8bl& In the UK and R8publk oflreland (Unlted langdom Genernlly Accgpled Accountlng Practlce). In our oplnl¢)n, thg lknandal st8t•monts: glve a true and falr vlaw of th• State of the charttablo companvs affalrs as at 31 Decarnber 2022 and of Its Incomlng iesourc99 and appIl￿tIon of r￿Ources. Includlng Ils Income and expendlture, for the y•ar then ended; have been proporly prepared In accordance wilh Unlted Klngdom Generally Accepted Accountlng Practicg; nd hav8 been prepared In accordance with the requkoments of the Companles Act 2006. 8•¥ls for oplnlon We conducted our audll In accordanc8 wlth Intemaltonal Standards on Audibng {UK) {ISAs {UK)l and applicabla law. Our responslbllltle5 under those standards are further descrfbed In the Audrforfs r8sponslbMltles lor th8 audll of the finanGlal statemgnts sectlon of our report. We are Independent of the charlty In accordance wlth tha elhS¢al requlrements that afe relevant lo our audlt of the financial stalements In the UK, IncludSng the FRC'S Elhl¢al Slandard, and we have lulfilled our other ethlcal rasponslbllltles In accordance wllh those raqulrem¢nts. Wa ballevo that Iha audlt 8vidence wo have obtalned Is sufficlenl and appropdal8 to provlde a basls for our oplnlon. Concluslons rnlallng to golng ¢onc•m In audltlng the fjnanclal slalements, we have conduded that the truslees, use of tho golng concam basls af accountlng In th? prepardllon of the financlol sl8temenlB Is approprfale. Based on th8 work we hav? performed, we h8ve not Idenllfied any malerfal uncartalnties relailng to events or Gondlllon• that, Indlvldually or GolleGtlvoly. may Ga5t slgnlficant doubl on Ihe Gharlty's ablllty to wnllnue as a g￿n9 concem lor a perlod of al least Iwelve months Irom when lh8 financlal slalaments are authorfsed for Issuo. Our responsiblliti8s and tho respon51bllltleB of the truste88 With respect to golng cOr￿M ara doscrfbod In the relevant secllon5 of thls reporL 10. LISBURN ENTERPRISE ORGANISATK)N UMITED INDEPENDENT AUDrroR'S REPORT (coKllNUED) TO THE MEMBERS OF LISBURN ENTERPRISE ORGANISATION UMITED Olh•r Informatlon The othr Infom)atlon compr1895 the tnfomia￿0n Snduded In the annual ryort other lh• finaTr&￿ slatemenls and our audltofs wport thoraon. The trustees are re5ponslbl8 for tho other Infcrniatton contalnod wlthlTr the annual report. Our oplnlon on the Itnanclal statements does not ujver the 0th8r Infonnallon and, excw lo exlont otherwlse expllcltly stated In our report, Wo do not éxpress any fomi of asyurance (x)nduslon thereon. Our responslbllttyls lo read tho other Informallon and, In dolng so, conslder whether the other Inforynallon Is materialty inconslstenl vAth the flnanclal statements or our knowledge obtslned In Iho coutse of the audlt, or otheN4lse appears to bg malerlalty mlsstaled. If we Identlfy suth materlal incorKsL8lencles or apparent materlat rnlsslalements, we a rBqulred to delernitn8 ￿ether thls glves rf58 to a matenal mlsstatemenl In the finandal statements Ihemselves. If. based tha wort¢ we have perfomed, we condude that there Is a mat6rlal mlsstatemonl of thls othgr Infomatkm. wo are requlred to report Ihat facL Wè havo r￿th￿Tr9 to report In thls regard. Oplnlons on olh•r matt•rs pro8crfb•d by thè Compan1•$ Act 2006 In our opinlon, based the work undertaken In the course ol our audit: the Inf0m￿tIon glven In thg tr11910o5' r•port, whfjch Includ85 the dlroctoTs' report prepared for th8 purpD8as of company law, for the financlal year for whl¢h the Ilnandal stsl•monts are preparod ￿ a)n51signt wlth th finaftclal statements.. 8nd the dlreGt015' weport Included wlhln Iha tNs1888' report has beon prgpared In accordance wrth appllcabla leoal requlrements. Matt•rs on whlch w• ar• r•qulr•d to w•port by •xcepllon In lh8 Ilghl of th• knovAodg8 and ￿TrderStandIng of the charlty and Its ￿vIrOnMent obtaln•d In Ihg course of the audlt, we have not klenlmad materlal mls8tat8m￿ts In the trustees. rewrL We have nolhlng to report In rnsp•cl of thè fdlowlng mattera In i•lallon to whS¢h the Companles Act 2006 roqutre¥ us to rnport to you If. In our oplnlon: adequat8 accounllng records have not been kwt, or relumg adequate lor our audlt have not beon recelved from branch85 not vislled by u8; or the financlal 8tatements are not In agrngment wlth tha accounllng rqcDrds and rntums: or certaln dlsclosures of twGlees' remuneratlon specllled by law are not made". or have not ree8fved all the InfomiatloTr and oxplanatlons wo requlrn lor our audtt; or Ihe trusl885 were not enytled to prepar8 the finandal statemenls In accord8nce wlth the small eompanles re9lme and lake advantaga of th8 small companles, exeTnptlDns In propadng Its tru$t8es' repxt and fmm the Tequlrement to prepare a strattylc repcrt 11 LISBURN ENTERPRISE ORGANISATION LIMITED INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE MEMBERS OF LISBURN ENTERPRISE ORGANISATION LIMITED Responslblllllgs of trustO0S A5 explalned more fiJNy In the statèment of trusteo5' responslbllltles, th8 trustees, are also the directors of th8 charity for the purp058 01 company law. are r85ponslble for the prepara￿On of the ffftanclal staternents and for belng sallsfied that they gIV8 a true and lalr vlaw, and for such Intemal control a5 the tnistees delemlne Is necessary to 8nable the prepardllon of financlal statampnts that are free frorn material mlsstat8ment, whether duo to fraud or 8rror. In preparfn9 tha financlal statements, the tnJst88s are responslblo lor assessing th8 charlvs abillty to onllnue a8 a golng c¢Jncem, dlsc1051ng, as appllcable, matters related lo golng concern and uslng the golng Concem basls of 8ccountlng unless the trustees olther intend to 1Squldala th8 charltable company or to cg888 ¢Jp8ralion5, or have no reallsllc altemallvo bul lo do so. Audltorfs r•sponslbllltles for Iho audlt ol Ih? flnanclal slalem•nts Our obJ8Ctlves are lo ob¢aln r8a50nable assurance aboul whether Ihg financlal statements as a wholo are fTee from fflaterfal mlsstalemgnt, whelher du8 lo fraud or error, and to Issue an audltors report lttat Indude5 our oplnlon. Reasonabl8 assuran¢6 Is a hlgh lev81 of assurance but Is not a guaran188 that an audlt conducted In accordanc• wilh ISAS {UK) vall always delecl 3 rnalerial mlsstatemenl when 11 exlsts. Mlsstalernenls can arSs8 from fraud or error and are conslder8d matqrial kr. IndNklually or In the aggregato, they could raasonably be exp8ct8d to Influence the 8conoml¢ declslong of users tak¢n on the basls of th8s8 Ilnandal statements. The extent to whlch our procedure5 ar8 capable ol detectlng SrregulaTllles. Indudlng fraud, Is detalled below. 12. LISBURN ENTERPRISE ORGANISATION UMITED INDEPENDENT AUDrroR'S REPORT {CONTINUED> TO THE MEMBERS OF LISBURN ENTERPRISE ORGANISATION LIMITED Extont to vthlch th• audlt was cl￿81d•￿d capable of dot•Gtlng Irrogularltl•s. Includlng fraud We klentlfy and assess the rlsks of mgterfal mlssialemenl ol Ihe ffinanclal stst8mont5, whelher du8 to fraud or emN. and thon deslgn and perfo￿ audlt procedurns rasponsive to those rf8ks. Inctudln9 oblalnlng awlll •vklorKe that Is Su￿ent and appnjprlate to provide a basls for our oplnion. In Identlfylng and assesstng potentlal rfsks of mat•dal misstatem8nt In respect of IrTogutarftle8, Includlng fraud and non•cornpllanc8$ wlth laws and regulallon5, we consldered tha follo￿n9. The nature of the Industy and seGtr. c(￿￿01 wNtronmenl and buslness pwlrnc8, Includlng the charws remunoratlon pol￿[03 lor dlreclor5, bonus levels and performance tawgets. rf any; R8sults of ow fjnqulrt￿ of M￿agement about tholr Id•ntWtlon and assessment of the Tl$k8 of Irwularltles: Any mattèr5 we id8nfjnod havkng obtalnod and rev18v￿d the charfvs down8n1￿an of their polkles and proceduros relallng lo: Idantlfyhg. evaluatlng and complylrvj wlth laws and regirfatlons and vh￿ther they warn ol any Instance of nonwcompllance; Detectlng and fespondlng lo the rlsks of Iraud and th•y have knowledge of any a¢￿al. suspected or alleged fraud; and Tho lntemal controls establlshod to rnltlgate rf8kB of fra￿1 or non*compllancg wllh laws and Mgula￿On￿. The matt8fB dlscujsod alr￿ the audll engoggrmnl t•am r•gardlng how and wh•r• fr¥ud mlght occur tho flnancld slatsrnants and potential Indlcators of fraud. As a result of these procedures. ￿ con51dered the opporlunlllos 8nd Sn¢•ntlvos that rnay etht wlthln the charlty lor fraud and Identlfiad th8 greatest polentlal for Iraud Ill rnvenue recognltlon. In common wlth all audits under ISAS (UK). we are a150 rnqulred to perfomi spedfic wocadures Io Tespond lo lh8 rf¥k ol mona9oment override. W• also oblalned an undernlandlThg of the legal and regulakny fraMeW￿ks that the charlty op•ratéJ In. fO￿31ng on provlslons of those law5 anu regulailons tr￿1 ttad a dlrect effect on the delermina#on of malertal amounts and dlsclosureg kn the ffinandal ststements. The key laws rryulatlons we c￿$1￿9r8d In thls contexi Included the Companles Act 2(M)6 and Charities Acl 2011. a¢kllilon, wa consldgrod provlslon5 of other laws and regulat10￿ ¢hat do not have a dlrect •ffoct on the ffiTranclal statements but compllance wilh whlth may be fundamental to the tharlty'5 ablllty to opernte or to avold a material ponaty. 13- LISBURN ENTERPRISE ORGANISATION LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF LISBURN ENTERPRISE ORGANISATION UMITED Audft rnsponse to rfsks Identllled Our procedures to respond to Ihe rlsks Idenlifled Included tha followlng: Reviev￿ng the fflnanclal ststement dlsclosures and tesllng to supportlng dowmentatlon to assess compllance wlth provlslons ol relevant law$ and r•gulatlons d8scTlbèd as havlng a dlrect effact on the financlal statements: Enqulrfng of man8gamenl concomlng actual and pot￿tIal l¢Uga￿On and clalm5; P•rfomlng analyUrAI procedures lo ld8n￿fy aTry unusual or unexpocted relatlonshlps that may Indlcate rlsk8 of matgdal mlsstatefflent due to fraud; Readlng rnlnules of meetlngs ol those charged wllh go¥emance and rovlawlng corresF)ondence ￿th tsx aulhort15e$; and In addres3Sng th8 risk of froud through managem8nl override of controls. tesllng the approprtal8ness of lournal enlrtes and olhgr adiustrnents," assesslng wheth8r the judgements made In makln9 accounllng estimatas are Indlcativa of a potentl81 bla$; and evaluatlng Ihe bu51ne$$ rnllanal• of any slgnlfflcanl transacllons Ihal are unusual or outskle the norrnal COUfS8 01 bu51ness. We also cornmunScaled relevant IdenlSfled laws and regulallons and pol8ntlal fraud risks to all 8ngagem8nt teaffl member5 and remalned alert to any Indlcallon5 of fraud or non