Charity règistration number NIC101192 Company registration number N1024735 (Northem Ireland) LISBURN ENTERPRISE ORGANISATION LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 LISBURN ENTERPRISE ORGANISATION LIMITED LEGALAND ADMINISTRATIVE INFORMATION Tru8tst8 MrA H Robinson (Chairman) Mr N E Elliott (Financial Director) Mr R S Briggs Mr N S Fenton Mr G A Green Mr D T Magill Mr I S S McBrien Mrs J E McQuitty Mr B Sofley (Company Secretary) Mrs J L Little (Appointed 10 February 20261 S8crntsry Mr B Sofley Charity number NIC101192 Company number N1024735 Principal addrèss 6 Enteq)rise Creseent Ballinderry Road Lisburn Co Antrim BT28 2BP Reglst•r•d offlce 6 Enterprise Crescent Ballinderry Road Lisburn Co Antrim BT28 2BP Audstor GM¢G LISBURN Century House 40 Crescent Busin&ss Park Lisburn 8T28 2GN Bankers D8nske Bank 62-66 Bow Street Lisbum BT28 1YS Solicltors Maccorkell Legal & Commercjal Garvey Studios 8-10 Longslone Street Lisburn Co Antrim BT28 1TP LISBURN ENTERPRISE ORGANISATION LIMITED CONTENTS Pag¢ Trustees. report Independent auditosperity across the Lisburn area. Our dedir2b.on to sUPPOrting local enterprfse and f051ering 5UStainable growth remain8 central to our mission and activities. LEO remains steadfast In ils cornmilrnent to promoting a vibrant enterprise culture, championing the developmenl of new ventures and empowering business growth through dedicated support and mentorship. Our Busine55 Advisory team play a key role in this work. providing expert guidance and tailored ￿sInesS support to entrepreneurs through th8 Go Succeed programme, our own fully funded My Adviser Initl8bve and active engagement at local jobs and benefits events. Underpinning many of LEO'S charitable activities is the provision of workspa￿ units and Grade A office accommodation. l am pleased to report that. by the end ol Decembei 2025, occupancy at our sile had leached an exceptional 99.76°/o. This achievement highlights the vital contribLStion our faalrties make in supporting busine55 development and strengthening the local comrnunily. In the year ahead, the organisation wll continue to provide vital business support to entrepreneurs and commit lo continuèd investment at the centre with the roll out of significant roof repair and maintenance projects to ènsure the long-term integrity of our facilities. The outstanding success and impressive perfomance of LEO are a direct result of the remarkable dedication of our Chief Executive, Martina Crawford, and her committed support learn. On behaK of thg Board. I wish to fomially express our sincere appreciation for their hard work and leadership. I would a150 like lo extend my gratitudè to our Board of Directors for their continued commitment and support. LEO'S achievements reffect the strength of their individual and collective contributions. Their voluntary seNice is deeply valued and has played a significant role in advancing our mission. Objectlves and a¢tivilies The objectives of the charity in¢lude the promotion of an entrepreneurial cutture, support for busine55 Start-ups and mechanisms to encourage existing business developrnent. This report highlights the organisation's main activities and beneficiaries The organisation's d)8ritable activities foeus on the prornotion of urban and econornic regeneration in the Greater Lisbum area and are intendad lo ftjrther ¢h8ritable purpose for the publi¢ benefit. Every activity is assessed in 19spect of its impact on benefieiari¢s and its contribution to Charitab￿ adivilies 50 that Trustees may dèttrrmine the best allocation of resour¢tr5. LISBURN ENTERPRISE ORGANISATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Through the pr(>motion of an entrepreneunal culture and Offering support services to new and existing busTnesses, the Gharity conlribules lo the following ¢haitsble purposes.. a. The rèlief of poverty.. The i&lief of unemployment, including assistance to th8 unemployed to find employment," The advancement of eduGqtion. traTning or retr8ining, p8tbeularfy among unemployed people, and providing unernployed people with work experience., The provision of financi81 assistance, technical 8SSlSt8nce or business advice or consultancy in order to provide training and employment opportunities for unernployed people in cases of financial or other charitable need through help.. lil in setting UP their own business, or lill to existing businesses., and The creation of training and employment opportunrtiès by the pitsvision of workspace, buildings andlor land foi usè on favourable tèmis. Public 88nefit The Trustees have had ￿gard to the Charity Commission Guidance on public benefit in the ChariliesAct 2011. The public benefit of our ¢haiitablè purposes of advancing atizenship and community deveknpment through the promotion of urban regeneration in Lisbum are as follows.. The relief of poverty through increased opportunities to learn, train and be successful in attaining paid ernployrnenl lo(*lly', A rèduction in unemployment because of enhanced opportunities to upskill, gain work experience and attain P8Td-forjob positions., An increase in the number of indigenous businesses established., An increase in the survival rates of business start-ups as a result of the advice. training & mentoring received., An improvement in the skills and experien￿ of the local resident population so that Lisbum becomes an attractive destination for businesses to locate. thus providing morè opportunities for paid jobs, skills and experience; An enlargement of the local economy by prowding support lo businesses to become sustainable and prosper thus employing rnore people locally who's wages when spent locally, sustain many more businesses., The enhan￿d access lo support strU¢tu￿S making it easier for people to aC￿sS advice, training & mentoring in entrepreneurship & business skills- and The advancement in awareness of enterprise as a viable career opts'on. These benefits are eVIden￿d in a number of ways, both in the collection of primary data and the review of independentty produced statistics. Lisbum Enterprise Organisation was fomially registered wrth the Charty Commission Nl on 13 February 2015 having been confim)ed by the Comrnission lo exist for Gharitsble purposes and the public benefit. The trustees have paid due regard to guidance issued by the Charity Commission in deading what activities the Charity should undertake. LISBURN ENTERPRISE ORGANISATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Achl6vèm•nts and performan¢e Entetprise Awaren8SS Lisbum Enterprise Organisatitsn ILEOI remains commrtted to cultivating a robust entrepreneuri81 cutture wltrin the Lisbum area. By raising awareness of the opportunities inherent in sell-employment and business creation, LEO addresses a critical driver ol economic health. Research consistently highlighls the positive correlatjon betweèn new venture formation and enhanced region81 pioductivity and growth. Throughout the year, LEO'S Business Advisers have remained dedicated champions of entrepreneurship. providing expert guidance to aspiring entrepreneurs. Through active collaboration with community groups and local Jobs and Benefit5 offices. the team continues to showc8se 5elf-employrnent as both a practical and fulfilling r2reer path. The organlsation also continued to work wilh The Science Shop, al Queen's Universty Belfast. Mentorship was prowded to students undertaking research into potential opportunities for LEO to expand ils servi￿$ and support. During the year. LEO once again took pride ill 5pon50ring the Best New Business category al Lisburn and Castlereagh City Council's Business Awards ceFetnony. The event highlights the wide variety of èntèrprises that ¢ontribule lo the local economy. with categories sp8nning best new business, innovation, and bU￿nesS success Thi8 year's Best New Business award w85 presented to Langtry Lane, a garden centre and café located in Moira. Business start up Northem Ireland Explore Enterpris• Support Service From April 2023 to 3151 Maich 2025 Lisburn Enterprise Orgbnis8tion delivered the Northern Ireland Explore Enterprise Support Service In the Li5bum and Casllereagh City Council a￿a in partnership with Enterprise Northem Ireland. This initiative was available to economically Inactive individuals and aimed to provide them with the opportunity to èxplore selt-employment and develop their employability skills. Supported by the UK Government through the UK Shared Prosperity Fund, this progratnme provided personalised one-to-one ment()ring with an experienced Business Adviser, training and aC￿sS to a Level 2 qualification in Business Enterprise. Thrtsughoul the duration of this programme, LEO Business Advisers supported 12 individuals lo explore their busine85 idea or take the first steps into employment. i$ion to Vgnture Self Employm8nt Programme During the year, Lisburn Enterprise Organisation collabor8t8d with Tangl￿e conSu￿ng to m8ntor 8Stiring entrepreneurs through the Vision to Venture Self-Employment initiative. Located in the Lisbvm and Castlereagh City Council area, this programme was funded by the Departrn8nt for Communities via the Lisburn and Castlereagh Labour Market Partnership. 11 offered early-stage founders a comprehensive support pack8ge, including educational workshop$, pgrsonalised ontrlo-one mentoring, and a sm811 start-up bursary. LISBURN ENTERPRISE ORGANISATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Busine￿ stsrt up (continued) Go Succeed Stsrt Go Sijcceed is 8 comprehen5we busines5 SUPPOrt se￿Ice deliVe￿d atrtsss Northem Ireland by local enterprise agencies and Enterprise Northem Iieland, on b8half of the eleven eouncils. Funded by the UK Govemment, the initiative provtdes bespoke assistsnce to 8nlr8preneur5 acr055 three sttategie pillars.. Stsrt, Grow, and Scale. Wrthin the ￿5burn and Castlereagh City Council area, Lisburn Enterprise Organisation leads the delivery of the Go SuC￿ed Start iniliatFve. This is achieved through a strategic partnership with Lisbum and Castlereagh city Counril and Enterprise Northèm Irdand, ensuring local entrepreneL¢rs receive high-level, accessible laibred support. Throughout the year, LEO s Business Advisory team provided critical interventions to over 200 individuals at varK*us stsges of the start-up lifecycle. These services included intensive one-t￿One mentoring designed to he5p start up entrepreneurs refine their business idea and tscilitate successful rnatket entry. For established entrepreneurs, the team provid￿ the strategic guidance necessary to achieve key operational milestones. Two Moira-based entrepreneurs, supported by the Go Succeed programme, have officially opened their own premises with plans to expand their teams soon. Katerina Brown launched her florist boutique, Peony and Thyme, in December 2025. Far from a tentatfve start-up, the shop arrived with a stsphisb"cated identity shaped by years of research and inspiration gathered from Europe's finest independerht florists. Through Go Succeed, Katerina worked closely with a rnentor to refine her tyjsiness plan, ensuring her signature aesthetic was matched by a solid operational foundation. Sharon McAfee founded Thistle & Blade 8artiers to bring high-qualty. precision grooming to the Moira communty. Her fvcus is on blending professional ex￿llenCe with a welcoming, personal touch. By engaging with Go Succeed. Sharon gained the confidence and strategic planning skills necessary to IrarK%thn from a vision to a thriving, permanent shopfront. In 8ddthon to the provision of expert adwce and business mèntoring, LEO hosted a series of Go Su¢¢¢ed workshops and Enterprise Clinics. To supplement in-person deltvery. the team proactively facilitated engagement with 8 broader range of tsnline masterclasses and workshops_ This hybrid approach ensured that local entrepreneurs had continuous access to the resources required to foster business resili¢n¢e and sustainable growth. During the year, Lisbum Enterprise Organisalion was thrilled to join the judging panel for the Lisbum and C85tlereagh City Council's'uth'mate Pitch" heat. a key part of the Go Succeed ini(iative. ProTEch founder Katie Willoughby stood out among the riine competing entrepreneurs. wnning the local heat wich her innovative plan to develop soft skills ftir tech leaders. Her victory secured her a £1,000 investment and a spot in the regional final. Addrtion811y, P8ula Clarke received the local Inclusive Entrepreneurship Award for her business, Teal Ifisual, which provides essential sign language and captioning 5etvices for the arts and media sectors. LISBURN ENTERPRISE ORGANISATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Buslness start up (continuèd) MY Advlsor Throughout the year, Lisburn Enterprise Organisation maintained its commitmént to the local start-up ecosystem by providing full funding ftsr the MY Adviser programme. Since its inception in 2018, this initiative ha5 been instrumental in helping early-stage entrepreneurs {those trading for fewer than 18 months) nawgate the ¢riti¢31 transition from business concept to commercial launch. The programme's core strength lies in its bespoke delivery model. Each partiClP8nt is matched with a dedrated LEO Business Adviser for a 12-rnonth period. This partnership provides pefsonali$ed. one-tckone mentoring that builds founder confKlence and ensures the developmenl of robust actionable plans to h8lp the business launth and grow. A key Component of the programme Is thè MY Ne￿Ork. which facililates peer-t￿peer support and professional development Over the past year, LEO hosted nine spec181ised workshops in a focused environment desKJn8d lo enGourage transparent discussion and pra¢tic81 pioblem-solving. Key thematic areas included Digital skills, Finanrial literacy and Business growth. The programme continues to dernonstrate significant reach and longevity. By Dècember 2025. ten additional participants had engage(5 with the programme's sessions. Since its launch. the MY Adwser initiative has successfully supported a ojmulalive lolal of over 100 entrepreneurs within thè Lisbuin area. 8u$iness Developm•nt Go Succeed Grow Go Succeed Grow offers tailored rnentoring support to established business owners who want guidance on expanding, innovating, and progressing their business to the next stage During the year. Lisbum Enterprise Organisation continued ils partnership with Full Circle Management Consull8nts to deliver growth-foeused business mentoring for established companEs across the ￿$bUrn and Castlerèagh Cty Council area. Busingss Support Workspacè Lisbum Enterprise Organi5ation rernains cornmitted to cuttivating a dynarnic entrepreneurial ecosystem through ils diverse portfolio ol flexible workspaces. Our current infrastfucture encompasses over 85,000 square feet of propety which includes 116 light industrial units and 37 modem office spa¢e$. To further stimulate local enterprise. LEO offers highly competitive tèrms, including flexible ag￿eMentS requiiing only 30 days. notice for terrninalion. LEO also offers a cornpr8hensive service model with a single all-inclusive licence fee that simplifies overhead by covering site security, waste disposal. grounds maintenan￿. and direct access lo on-site administiative and business support. Throughout the fiscal year. 0￿UpanCY levels demonstratad èx¢optional resilience and demand, culminating in a peak rale of 99.76Q/o in December 2025. The Site currently Serves as a vital economic hub, facilitating the operations of over 120 independent businesses. Collectively. these enlorprises represent a significant workft)r¢e. providing employment for more than 500 individuals wthin the region. LEO remains dedicated to environmental sustainabilrty." this yèsr. our integrated waste management and recycling programmes 5ucce5sfully diverted 86 tonnes of material from landfill. LISBURN ENTERPRISE ORGANISATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Business Support {continoJed) Wirtual Office Facilities Lisbum Enterprise Organisation's virtual Offi￿ faalilies provide business owners with a professional presence while significantly reducing overhead costs. In addition to a commercial mailing address, dients can opt for a personalised call-handling service deliVe￿d by the LEO administrative team-a cnst-effective altemative to employing a full-time receptionist. The value of th¢s service is refiected in its strong adoption, with 45 businesses adively utilising virtual office faalsbes by thè end of the year. Conference Facilities This year, the synergy of premium facAlities, superior service, and a slr*egi¢ centr81 localTon drtsve demand for our meeting and conference suites. Consequently, the LEO team suwEssfully f8(ilitsted 139 high-profjle meetings and events. Accessing Finance As an active Delivery Partner for both the Stsrt Up Loans Company and the Nl Small Business Loan Fund. LEO continues to promote these loan fund5 as essenti81 Capital funding options to start-up and growth business ventures. In 2025, these fvnds collectively committed £340,000 in financsal support to 27 businesses and entrepreneurs based in Lisbum. O-operation & Partnershlp A central e￿rnent of Lisburn Enterprise Organisation's charitable mission is the signfficanl contrTbution made by its Trustees and staff to a wide range of initiatives both within Lisbum and fvrther afield. This year, we were delighted to announee our partnership wth Young Enterprise Northern Ireland as a Business Backer, supporting 60 young pèople annual￿ through their education progr8mmes. By sponsoring Young Enterprise, LEO is actively helping te inspire and empower the next generation of entiepreneurs and innovators. The organisation's partnership with Fusion Theatre Company also continued throughout the year. FuSio￿n award-winning youth theatre based in Lisburn-provides young people aged 8 to 21. from all backgrounds, with opportunities to partiripate in high-quality musical theatre. Their production of The Sound Df MtJsic at the Island Arts Centre once again demonstrated the exceptiona1 talent of local young performers. Thè Board of Directors plaTrs considerable value on the strong relationships maintained wlh key enterprise and econornic develtsprnent partners, including Lisburn & Castlereagh City Council and Enterprise Northem Ireland IENII. Over the course of the year, LEO supported a range tsf business grciwth programmes and networking events on behaff of the Council. The Chief Executwe also actnfely engaged with local entrepreneurs through parbcipation in Council-led networking actNlties. LEO remains an aCt￿e and committed member of Enterprise Northern Ireland, with repre5entstion on the ENI Board. The organisation Continues to play a central role in delivering ENI initiatives designed to support local entrepreneur5. Each year, LEO encourages local business owners to participate in the ENI Barorneter survey, which provides v81uable insights into SME perfomance and highlights the key challenges facing the sector. In addits.on lo monitoring trends, the SUNey identifies the types of support required to help businesses grow and SuC￿ed. During the year, LEO sustained a sli¢ng and collaborative relationship with Li5bum Chamber of Commerce. In 2025, the organisation participated in several key Chamber events, inejuding the Lisbum Chamber Dinner at Edenmore Country Club. LEO 81so continues to engage constructively WTth the Bank of England and the British Buslness Bank, ensuring that the experiences and perspectives of Lisburn businesses are represented in the economic and financial intelligence gathered by Bank agents. LISBURN ENTERPRISE ORGANISATION LIMITED TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Flnancial review The charity retumed nel incorning resources of £156,225 12024 £176,633}, of which all were unrestiicted. Al 31 December 2025, the level of unrestricted reserves hèld was £4.257.12512024- £4,100,900). The prirnary objèctivè of the LEO Reserves Policy is to retain 8 level of free reserves which matches the needs of the charitable company btsth at the current time and in the foreseeable future. The most recent review ol this policy encompassed the nature of the incomè and expenditure streams, the need lo mal¢h variable income with fixed comrniltnenls and the nature of the reserves. The review conduded that to allow the charity to be managed efficiently and to provide a buffer for unintermptèd $ervi¢e5. 8n adequate general reserve should be rn8intained at a level equivalent tg 6 month's expenditure. The LEO Board believes in retaining an appropriate level of reserves for the following reasons.. To ensure sufficient funds are available lo meet current commitments when income streams are erratie. To ensure services can be maintained in the event of an unexpècted 1055 of income or exception81 expenditure. To piovide sufficient funds for an orderly winding up in the event that the organisation should cease operations. The trustee5 maintain a policy ol actively managing the reserves in order to incie8se the operational possibil￿"e8 of the charitable ¢ornpany in future years. The Reserves Policy is fom)ally ieviewed annually. The trustees have as5e5sed the major risks to which th8 charitatle company is èxposed and are satisfied th8t systems are in place to rnitigate exposure lo the major risks. Plans for future periods LEO plans on Gontinuing its acts'vities under the headings of entèrprisè awareness, business start-up. business developrnent and busintrs5 SUPPOrt in forthcoming years. Structure, govèrnance and management The charity is a company limited by guarantee and does not have share capital. 1118 governed by a Memorandum and Articles Association. The charitable company wa5 incorporated on 13 August 1990 and registered as a charity on 16 February 2004. The company has charitable status for taxation purposes. The trustees, who are also th8 directors for the purpos6 of company law, and who seNed during the year and up lo the date of signature of the financial 81atements were.. MrA H Robinson ICh8imianl Mr N E Elliott (Financial Director) Mr R S Briggs Mr N S Fenton MrGAGieen MrDTMagill Mr I S S McBrien Mrs J E McQuitty Mr B Sofley (Company SeGretaryl Mrs J L Little IAppointed 10 Fabruary 2026) LISBURN ENTERPRISE ORGANISATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT} (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 The charitable company is managed by the Board who meet regularly throughout the year. The day to day management of the charitsbb company is carried out by the Chief Executive Officer. The trustees of the company are èlècted by the members of the charitable cornpany. Trustees are recruited and appointed in accordan￿ with the Articles of Association. Upon election each ttuslee is given a copy of thè Memorandum and Articles of Assoaation and the latest Annual Report and also introduced to the legal and operational aspects of the charity tts ensure they have an understanding of the nature of charity trusteeship and responsibilities and duties that go wilh this position. None of the trustees has any beneficial interest in the ¢ompany. All of the tru31ees are members of the cornpany and guarantee to contribute £1 in the event of a windin9 UP. Key Management Personnel The Board consider the board of trustees, the chief executive officer and the senitsr business advisor as comprising the key management personnel of the charity in d)arge of directing and controlling the charity and running and operating the charity on a day to day basi5. All board members give their lime freely and no board remLJneration was paid in the year. Board members are required to disclose all relevant conflict of interests and register them at each monthly bo8rd meeting and in accordance wf(h the Trust's policy withdraw from decisions where a conflict of interest arises. Thè Board of Directors wishes to formally recognise and thank Martina Crawford. Chief Executive, and the entire team for their dedication and hard work throughout the year. Demand for our programmès remained consistently high and we achieved an outstanding occupancy rate (rf99.760/0. The Gharity continues to prioritise thé development and training of both staff and Board Members to ensure the dalivery of high-quality services to our clients. During the year, we welcomed three new colleagues across our reception and business advisory teams. Staff also undertook tralnlng in a range of area$, including new programme We are pleased to ieport that the organisation suc¢ossfully retained its ISO 9001 and ISO 14001 accreditstions during the year. Twstees and staff remain actively involved in voluntary work within the local community and in prisons. In 2025, this included fundraising efforts by stalf in support of Macrnillan Cancer and AirAmbulance Nl. All Trustees of the Charty give their time voluntarily and do not re￿1ve any payment for their contribution to LEO. LISBURN ENTERPRISE ORGANISATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Stat&mènt of trustees. respon$ibilities The trustees, who 8re also the directors of Lisburn Enterprise Organisalion Limited for the purpose of company law. are responsible for preparing the Trustees, Report and the fin8nci81 statements In accordan￿ with applicable law and United Kingdtsm Accounting Standard5 (United Kingdom Generally Accepted Accounting Pr8cticel. Company Law requires the trustees to p￿pare financial statements for each financial year which give a true and fair view ol the state ol affairs of the charity and of the inwming resources and application of resource5, includiro the income and expenditure, of the charitable company for that year. In piep8ring these financial statements, the trusteès ai8 required to-. sal8¢t 5uilable accounting policies and then apply them consistently", observe the methods and princithes in the Char((ie5 SORP 2019 IFRS 1021., m8kejudgements and eslimales that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclos8d and explained in the Iinancial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity 11 continue in operation. The trustees are responsible foi keeping adequate accounting records that disclose with reasonablè accuracy at any time the finanrial position of the charity and enablè them to ensure Ihat th& Iinancial statements comply with the Cornpanies A¢t 2006. They are also responsible for 58feguarding the assèts of the charity and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. Auditor In accordance with the company's articles, a resolution proposing that GMCG LISBURN be reappointèd 85 auditor ol the company will be put at a General Meeting. Dlsclosurè ol infomiatlon to auditor Each of the trustees has Confirmed that there is no information of whrh they are awara which is relevant to the audit, bul of which the audrtor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant inform*ion and to establish that the auditor is aware of such information. This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies, exemplions. The trustees, report was approv6d by the Board of Trustèes. Mr A H Robinson {Chairmanl Tru$tee Date". LISBURN ENTERPRISE ORGANISATION LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LISBURN ENTERPRISE ORGANISATION LIMITED Opinion We have audited the financial statements of Lisburn Enlerprise Organisalion Lirnited (the 'Gharity'l foi the year ended 31 December 2025 which cornprise the statement of financial activities. the balance sheet, the statement of cash fiows and the notes to the fjnancial statements, incl(Jding 8 sutnmary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, induding Financial Rewrting Stsndard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial stalements. give a true and fair view of the stsle of th¢ dwrilable company's affairs as at 31 De￿rnber 2025 and of rts incoming resources and applic2tion of resources, Including its income atKI expenditure. for the year then ended., have been property prepared in accordance with United Ktngdom Geneially Accepted Accounting practi￿,. and have been prepared in accordance with the reqU1￿MentS of the Companies Act 2006. Basts for opinion Vve conduded our audit in accordance with Intemational Standards on Aud(£ing IUK) IISAS IUKII and ap￿ICable law. Our iesponsibiithes under those standards are further described in Ihe Audilorfs responsibililFes for the audit of the finanGièI stètements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the finan081 statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilib.es in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and 8ppropriate to provide 8 basis for our opinion. Conclusions relating to going concem In auditing the finanaal statements, we have co￿tIUded that the trustees. use of the going concem basis of accounting in the preparation of the finanaal statements is appropriate. Based on the work we have perfomed. we have not identffied any material Un￿rtaInlieS relating Ic> events or conditions that, individually or collectsvely, may cast significant doubt on the charity's ability to continu8 as a going concem for a period of al least tWe￿e months from when the financial statements are authorised for Issue. Our responsibilities and the responsibilib.es of the trustees wth respect lo going cA)n￿rn are described in the relevant sections of this report. 10- LISBURN ENTERPRISE ORGANISATION LIMITED INDEPENDENT AUDITOR'S REPORT {CONTINUEDI TO THE MEMBERS OF LISBURN ENTERPRISE ORGANISATION LIMITED Oth•r inforrnation The other information ¢omprises the information included in the annual report other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other inforrnation contained within the annual report. Our opinion on the linan￿al statements does not cover the other infomiation and, ex￿pt to the extent otherwise explicitly stated in our reFK)rt, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other infomiation is materially inconsistent with Ihe financial stateménts or our kno¥Aedge obtained in Ihe course of the audit, 01 othetwise appears lo be materially misstated. If we identify 5LJch material inconsistencies or apparent material mi551alemenls, we are required lo determine whether this gives rise lo a material rnisstatement in the financial stslements themselves. If, based on the work we have performed. we conclude that there is a material misstatemènt of this Other inforrnation, wo 8ie required to report that fact. We have nothing to report in this regard. Opinions on othèr matter¥ prescribed by the Companlès Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the infortnation giv8n in the trustees. report, which ineludes the dir8Ctor8' report prepared for the purposes of company law. for the financial year for which the ffin8r¢ial statements are prepared is consistent with the financial statements", and the directors, report included within the trustees, report has been prepared in accordance wrth applicable legal requirements. Matt8rs on which we are requlrèd to r•port by exception In the light of the knowledge and understanding of the Charity and ils environment obtained in the course of the audit, we have not identified material misstatements in the tru5tees' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us lo report to you if, in our opinion.. adequate accounting records have not been kept, 01 rètums adequate for our audil have not been received from branches not visited by us,. or the financial statements are not in agreement with the accounting records and returns,. or rtAin disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require ftsi our audit; or the trustees were not entitled to prepare the financial stalernenls in accordance with thè 5rnall companies regime and take advantage of the small ¢omp8nies' exemptions in preparing the trustees, report and from the requirement to prepare a str8te9ic report. LISBURN ENTERPRISE ORGANISATION LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF LISBURN ENTERPRISE ORGANISATION LIMITED Responsibilities of trustees As explained more fully in the statement of trustees. responsibilities, the trustees, who are also the directors of the charity for the purpos8 of company law, a￿ responsible for the prepaiation of the finanaal statements and for being satisfied that they a true and fair view, and for such intemal control as the trustee5 d8t8rmine is neTrssary to enable the preparation of fin8no81 statements that are frea from materpl misstatement, whether due to fraud or error. In preparing the financial statements, the trustees 8re responsible for assessing the charity's ability to ontinue as a going concem, disdosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the tnjstees eithar intend lo liquidate the charitable company or to cease operations, or have no realistlc 8Jternative but to do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are flee from material misstatement. whether due to fraud or error. and to issue an auditoff s report that includes c>ur opinion. Reasonable assurance is a high level of assurance but is not a guarantèè that an audit conducted in accordance th ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise froTll fiaud tsr èrror and are considered material rf, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial staterngnl5. The extent to whith our procedures are tspable of detecting irregularities, including fraud. is detailed below. 12 LISBURN ENTERPRISE ORGANISATION LIMITED INDEPENDENT AUDITOR'S REPORT {CONTINUEDI TO THE MEMBERS OF LISBURN ENTERPRISE ORGANISATION LIMITED Extent to which the audit wa5 considèred capable of detecting irregularities. Including fraud We identify and assèss the risks of material rnisstatemenl of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive lo those risks, including obtaining audit evidence Ihat is Sufficient and appropriate to provide a basis for our opinion. In identifying and assessing potential risks of material misstatement in respect of irregularrtiès, including fraud and non-compliances wrth laws and regulations, we considered the following.. The nature of the industry and sector. wntiol énvironment and business performance, induding the charty's remuneration policies for directQTS. bonus levels and perfomiance targets. if any, Result5 of our enquiries of management about thèir i)wn identrfication and as5essrnent of the risks of irregu18rities', Any matters we identthÈd having obtained and reviewed the ¢h8nty's documentation of their policie8 and procedures relating to.. Identifying. ev8luatin9 and complying with laws and re9ul8tions and whether they were aware of any instance of non-compliance., Detecting and responding to the risks of fr8ud and whether they have knowledge of any a¢tual, suspected or alleged fraud,. and The internal controls established to mrftlgate risks of fraud or non-cornplianc8 with laws and regulations., The matters discussed among the audit engagement team regarding how and where fratjd might occur in the financial statements and potential indicators of fraud. As a result of these procedures, wè considered the opportunities and incentives that may exist within the charity for fraud and identified the greatest potential for fraud in revenue recognition. In common with all audits under ISAS IUKI, we are also required to perform spe¢ifi¢ procedures to respond lo the risk of managèment override. We also obtained an understanding of the legal and regulatory frameworks th81 th& charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the deterrnination of materia1 amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006 and Charities Act 2011. In addition. we considered provisions of other laws and regulations that do not havè 8 dirèct effect on the financial taternents but compliance with which may be fundawnenlal to the charty's ability lo oper8te or to avoid a material penalty. 13 LISBURN ENTERPRISE ORGANISATION LIMITED INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE MEMBERS OF LISBURN ENTERPRISE ORGANISATION LIMITED Audit response to rlsks identified Our procedures to respond to the risks identffied induded the following.. Reviewing Ihe financial statement disdosures and testing to SUPPOrting doojmenlation to assess compliance with provisions of relevant laws and regulations described as having 8 direct effect on thè financial statements., Enquiring of mana98rnent conceming adual and potential Ittigation 8nd daims., Perfomiing analytical prO￿dUreS to identify any unusual or unexpected relationships that may ind￿ale risks of material rnisstatement due to fraud,. Readin9 mÈnutes of me&lings of those charged wrth govemance and reviewing correspondence with lax authorrties-. 8nd In addressing the risk of fraud through management overTide of controls, testing the appropriateness of jtsumal entries and other 8djustments-, assessing whether the judgements made in making acwunting est"mates are indicative of a potential bias,. and evaluating the business rationale of any swJnfficant tran58Ctions that are unusu81 or OLrtside the nomal course of business. We also communicated relevant identffied laws and règulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or ntsn-complian¢e with laws and regulations throughout th8 audit. Owing to the inherent limitation$ of an audit, there is an un8voidable risk that we may not have detected some material misstatements in the financi815talements, even though we have properly planned and performed our aud1( in accordance with auditing standarKls. In additi'on. as wrth any audit, there remains a higher risk of non-detection of irregularities, as they may involv8 collusion, forgery, intentional omissions, misrepresentations. or the override of intemal Gonlrols. We are not responsible for preventing non-compliance and cannot be expected to dete¢t non- cornpliance with all laws and regulations. A fvrther description of our fe$ponsibilities is available on the Finanaal Reporting Counal's website at." https.'Il www.frc.org.uklauditofsr8sponsibilities. This descriptyon forms part of our auditorfs report. LISBURN ENTERPRISE ORGANISATION LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF LISBURN ENTERPRISE ORGANISATION LIMITED Us• of our report This report is rllade Solèly to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 20￿. Our audit work has been undertaken so that we rllight state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the company and the company's members as a body. foi our audit work. for th￿ r8POrt, or for the opinions wo havè formed. 4+/ Mr Stophen Houston FCA (Senior Statutory Auditor) for and on behalf of GMCG LISBURN 1g..:.o..s.: zol Chartered Accountants Statutory Auditor Century House 40 Crescent 8u5iness Park Li5bum BT28 2GN 15- LISBURN ENTERPRISE ORGANISATION LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestrieted funds 2025 Unre8tricted funds 2024 Notes Income from: Ch8rilable activities Investments 745,259 55,002 708,057 52,151 Totsl in¢ome 800,261 760.208 Expenditure on: Charitable a¢tivities 644,0 S83,575 Totsl expenditure 644,036 583,575 Net income and movement in funds 1￿,225 176,633 Reconciliation of funds.. Fund balances at 1 January 2025 4,100.9)0 3,924.267 Fund balan¢e$ at 31 De¢ember 2025 4,257.125 4,100,9 The statement of financial actwilies include5 all gains and 19sses recognised in the year. All inwme and expenditure derive fr¢m continuing a¢tiv(ties. 16- LISBURN ENTERPRISE ORGANISATION LIMITED BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Notes Fixed assets Tangible assets 12 2,540,622 2,670.576 Currant ass•ts Debtors Cash 8t bank and in hand 13 $4.942 1.776.386 27.996 1.526.084 1.831.328 1,554.080 Creditors: amounts falling dut within one year 14 1114.8251 1123,7561 Net current assets 1,716,503 1.430,324 Totsl assets less current liabilities 4,257,125 4.100.900 Incorne fund$ nrestricled funds Designated funds General unrestricted funds 16 16 1.000.000 3,257.125 4.100,900 4.257,125 4,100,900 4,257,125 4,100,900 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companie5 regime. and signed on their b¢half by.. Mr A H Robinson {Chairrnanl Trust•è Mr N E Elliott IFinanaal Diractorl Trustee Company rÈgistrntion number N1024735 17 LISBURN ENTERPRISE ORGANISATION LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Notes Cash flows from operating acti¥iti8s Cash generated from operations 18 202,075 263,821 Investing activÉties Purchase of tangible fixed assets Proceeds from disposal of tangiNe fixed assets Investment income re￿Ned 16,7751 16241 55,002 52.151 Net cash generated from investing activities 48,227 51.795 Net Gash used in financing actlvltles Net increase in cash and ¢4$h èqLÉlvalents 250,302 315,616 Cash and cash equivalents èt be9inning of year 1.526,084 1,210.468 Cash and cash equivalents at end of year 1,776,386 1,526.084 18 LISBURN ENTERPRISE ORGANISATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting pollel•s Charity Infomiation L15burn Enterprise Organisalion Limited is a private company lirnited by guarantee incorporated in Northem Ireland. The registered office is 6 Enterprise Crescent, 8811inderry Road, Lisburn, Co Antrirn, BT28 28P. 1.1 Basi¥ of preparation The financial 5taternents have been prepared in accordan￿ with the charity's Memorandum and Artides of Association. the Companies Act 2006 and Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. las amended ftsr accounting periods comm6n¢ing from 1 January 20161. The charty is a PU￿1¢ Benefit Entity as defined by FRS 102. The financial statèments are prepared in sterfing. which is the functional currency of the charily. Monetary amounts in these financial statements ara roundÈd to the nearest £. The financial statements have been prepared undèr the historical cost convention. The principal accounting policjes adopted are sel out below. 1.2 Going coneern Al the ts'rne of approving the financial slalemenls, the Iruslees have a reasonable expectation that the charty has adequate resources lo continue in operational existence for the forese88ble future. Thus the tru5t8e8 ntinue to adopt the going wncern basis of accounting in preparing the financial 5taternents. 1.3 Charitable funds Unrestricted fund5 are available for use al the discretion of the trustees in furtheran￿ of their charitable objectives. Designated funds comprise unrestricted fvnds that have been set aside by the trus￿￿$ for particular PUfP08es. The aim and u$8 of each designated fund is sel out in the notes to the financial slalements. Grants received to fund capital expenditure are transferred to designated funds from restrid8d funds when expended and then released to general funds over the related assets, uselul e¢onomic life. 1.4 Income Income Is recognised when the charity is ￿gallY entitled to it after any performanTr conditions have been rnet, the 8mounts can be measured reliably. and it is probable that incorne will be re￿Ived. Incoming resoureès from charitable activitie5 Comprises licen￿ fee Income, prograrnme incomè, administrative services income and consultancy. Incorne is defer￿d when il does not meet the criteria for recognition as incoming resources in the Statement of Financial Adivilies. as entitlement to the incorning resource does not exlst at the balance sheet date. Interest on funds held on dep05it is included when rec&ivabl& and the amount can be measured reliably by the charity., this is normally upon nolificalion of the interest paid or payable by the bank. 19 LISBURN ENTERPRISE ORGANISATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies (Continued) 1.5 Expendlture All expenditure is accounted for on an accruals basis and has been classified under htradings that aggregate all costs related to the category. Expendi(ure is recognised where there is a legal or constructive obligation to tnake payments to third parties, it is probable that the settlement will be required and the amount of the obligatioFn can be measured relkibly. It is categorised under one of the following hea¢Jings'. Costs of raising ftjnds, Expenditure on charitable act¢vities and Other expenditure. Support costs are those that assist the work of the chaity but do not directly represent charitable activities and include office costs, governance costs, depreoation costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management cairied OLrt at th8 office. Office costs. depreciation cost5, govemance costs and payroll costs are allocated to charitable ath'vilies based on percentsge of tumover. The allocation of support costs is analysed in note 7. 1.6 Tangible fixed assets Tangible fixed assets are initialty measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreri81ion is reV￿gnIsed so as to write off the ctsl or valuation of assets jess their restdual values over their u$efiJl lives on the followng bases.. Freehold buildings Plant and equiprnent Fixiures and fittings 3% Straight line 10% Reducing balance 2SYo Reducing balan The gain or Ioss 8risin9 on the di$posal of an asset is deterTnined as the drffer¢n¢e beiween th¢ sale pro¢eeds and the carrying value of the asset, and is recognised in Ihe staternent of financial activities. 1.7 Impaim)ent of fixed assets At each reporting end date. the charitable company reviews the carrying amounts of its tangible assets to determine wheiher there is any indication ihat those assets have suffered an impairment loss. If any stjch indication exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impairnient loss Irf any). 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand, deposits held at call with banks. other short-term liquid investments w¢ih original maturities of three mnths or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected tLI apply the prtsvisions of Section 11 'Basic Financral Instruments, and Section 12 'Other Finanaal Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitys balance sheet when the chartty beeA)mes party tts the contractual provisions of the instrument. Financial assets and liabiltti'es are offset, wth the net amounts presented in the finanual statements, when there is a legally enforceable right to set off the recognised amount5 and the￿ is an intenb.on to settle on a net basis or to realise the asset and settle the liability simultaneously. -20- LISBURN ENTERPRISE ORGANISATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollel•s IContlnu•dl Basic financial assets Basic financial a55ets, which include debtors and cash and bank balances, are initially measured al transadion pr￿e including Ir8nsactlOll Costs and are subsequently carried at 8mortlsed cost using the effective interest method unless the arrangement ctsnstitutes a finanung transaction. wherè th8 transaction is rneasured at the present value of the future receipts discounted at a market rate of interest. FInana9￿ 83$ets dassified as receivablè within one ye81 8re not 8rn0rtised. Baslc flnanclal Ilablllties Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, wh818 thè dèbt instrumÈnt is measured at the piesenl value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable wilhin one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate meth¢>d. Trade creditor5 are obligations lo pay for goods or services that have been acquired in the ordinary course of oper8tions from Suppliers. Arnount5 payable are classified as current liabilities if payment is due within tsne year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price 8nd svbsequenlly measured at amortised cost using the effective interest method. Derecognltion of financial liabilities Financial liabilities are derecognised when the charity's contraclual obligatws expire or are disch8Tg8d or ¢8ncelled. 1.10 Employee benefits The cost of any unused holiday eNt￿ement is recognised in the period in wh￿h the employee's setvices are ieceived. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Ret1￿ment benefits Payments to defined contribub'on retirement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and ludgements In the application of the charity's accounting policies, the trustees are iequi18d to make judgements, estimates and assumptions about the carrying amount of assets and liabilrtie5 that are not readily apparent frorn other sourTrs. The estirnates and associated assumptions a￿ bassd on historical experience and other factors that are considered to be relevant. Actual results may differ Irom these e8timates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are rècognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 21 LISBURN ENTERPRISE ORGANISATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Cr(ti¢al accounting estimates and judgernents Icontlnuedl Kèy sources of estimation uncertalnty Fixed Assets The annual depreciation charge on fixed assets depend5 primarily on the estirnated lives of each type olasset and estimates of residual valu85. The trustees regularfy review these assets lives and change Ihern as necessary to reflect current thinking on remaining lÈves in light of prospective economic utilisation and physical condition of the assets concerned. Changes in asset5 liv&s can have a signifirant impact on depre￿atIon charges for the period. Detail of the useful lives is included in the accounting poliaes. Restrfctèd and unrestrlcted funds Judgement are made in relab'on to alloe2lion of income and expenditure lo restricted and unrestricted funds. The trustees consider it appropriate lo allocal& these funds based on donations received. Income from eharitsble activltles Unrestrictsd fund$ 2025 Unrestricted funds 2024 Programme 8nd consultancy income Li￿nCe fee income SecretarHI and other services 98,616 591,470 55,173 68.630 586,075 53,352 745,259 708,057 Income from investsnents Unrestricted Unrestricted funds fund 2025 2024 Interest re￿1vable 55,002 52,151 -22- LISBURN ENTERPRISE ORGANISATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Charitablg activiti•s 2025 2024 Staff costs Temporary staff costs Depreciation and impaimient Programme expenditure Rates Insurancè Heat and light Repairs and rènawals Equipment maintenan Printing. postage and 51ationery Waste disposal Security service General expenses Training & development Cleaning Advertising Telephone Computer Costs Hire of Equiprnent Motor & Travel Bank Charges Donations Subscriptions ProfiUILos81 disposal of tangible assets 148,178 20,441 136,729 50,222 3,600 29.750 59,877 86,211 11,059 1,743 14,205 3,202 9,438 2,958 23.460 2.080 3,280 13,838 1,395 6,176 435 300 140 152,8S2 17,057 136,903 ,865 3.400 24,269 48.772 42.838 10,203 2,112 10,302 2,588 9,716 1,600 22,537 3.206 9,981 1,388 7,030 480 300 141 268 628,717 564.816 Share of governance co3ts (see note 71 15,319 18,759 644,036 583,575 Analysis by fund Unieslri¢ted funds 644.036 644.036 For the year ended 31 Do¢ombèr 2024 Unrestricted funds 583,575 583,575 -23- LISBURN ENTERPRISE ORGANISATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Descripfjon of ¢haritable activitiès n and Economic Re eneration I charitable activities focus on the promotion of u¥ban 8nd economic regeneration in the Greater ￿Sburn ar8a. Support costs allocated to actIvr￿e$ 2025 2024 Govemance costs 15,319 18.759 Analysed be￿en.. Uiban and Economi¢ Regeneration 15,319 18,759 2025 2024 Goveman¢e costs comprise: Audit fees Legal and professitsnal 4,674 10,645 4,475 14,284 15.319 18,759 Not movemerrt in funds 2025 2024 The net movement in fijnds is ststed after eharglngl{c￿drtlng).' Fees payable for the audit of the chartvs financial statements Dtrprecialion of owned tangible fixed assets 4.674 136,729 4,475 136,903 Trustees None of the trustees (or any persons connected with them) received any remuneralton or benefts from the chartty ¢JtJring the year. -24- LISBURN ENTERPRISE ORGANISATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 10 Employee8 The average monthly number of employees during thè year was.. 2025 Number 2024 Number Adrnini5tration Employment costs 202S 2024 Wagès and salarie5 Social security Costs Other pension costs 136,789 8.251 3,138 138.637 10,146 4,079 148,178 152,862 The number of employeès whose annual rernuneralion was more than £60,000 is as follows.. 2025 Number 2024 Number £70,000- £80,000 £80,000 - £90,000 Remuneration of k*y management personnel The remuneration of key management personnel was as follows., 2025 2024 Aggr898tè Compensation 81,410 73,404 Tha charity considers its key managament personnel to comprise of the chief executive officer. 11 TaxatSon The charity is exempt from tsxation on its actwities bec8USè 811 its income is applied lor charitable purposes. 25- LISBURN ENTERPRISE ORGANISATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2025 12 Tangible fixed assèts Freebold buildings ptantantl FixbJres and equtpmetht fittsngs Total Cost At 1 January 2025 Additions 6,252,671 116,283 6,250 178,630 6.547,584 525 6,775 At 31 December 2025 6,252,671 122,533 179.155 6.554,359 Depreciation and impairnient At 1 January 2025 Depre¢ialion charged in the year 3,601,160 131.768 103,428 1,638 172,420 3,877,008 3,325 136,729 Al 31 December 2025 3.732,928 105,W 175,745 4.013.737 Carrying amount At 31 December 2025 2,519,743 17,469 3.410 2,540,622 At 31 December 2024 2,651.511 12,855 6,210 2,670,576 13 Debtors 2025 2024 Amounts falling due wrthin one year. Trade debtors Other debtors Prepayments and a¢(xued income 47,584 1,158 6,200 25,675 1.675 54,942 27,996 14 Creditors.. amounts falling due within onè y8ar 2025 2024 Other taxation and social Se(￿rity Trade uedttors Other creditors Acuuals and deferred income 32,453 9,148 59.642 13.582 33,700 15,140 60,530 14,386 114.825 123.756 -26- LISBURN ENTERPRISE ORGANISATION LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 15 Rètlr&ment benefit 5eh•mes 2025 2024 Deflned contributlon schemes Charge to prorrt or loss in respect of defined contribution schemes 3,138 4.079 The charity opeiates a defined conlributlon pension schemè for all qualifying èmployees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 16 Unrestricted funds The unreslrided funds of the charty wmprise the unexpended balances of donations and grants which ar8 not subj¢¢t to specific condition5 by donors and grantor5 as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the tru518es for speafic purposès. At 1 January 2025 Incoming rg¥ourcos Resourc•$ expended Transfer8 At31 December 2025 Designated Fund General funds 1,000,OQ>O 1644.0361 11,000.0001 1,000.000 3,257,125 4.100,900 800,261 4,100,900 800,261 1644.0361 4,257,125 Previous yèar: At l January 2024 Incoming re80urc&s Resources expended Trans￿r8 At31 D?cembgr 2024 General fvnds 3.924,267 760,208 1583,5751 4,100,900 Al 31 December 2025 the Irust8e5 agreed to designate reserves of £1,000,000 for ¢8pital and maintenance repair work required for the building. 17 Operating lease commitments At the reporting end date the charity had outstanding commitments for fulurts minimum lease payments undèr non-cancellable operating lea$e$, which fall due as follows.. 2025 2024 Wthin one year Between tr40 and five yèars 5,122 3,415 5,479 8,537 8,537 14.016 -27- LISBURN ENTERPRISE ORGANISATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EhlDED 31 DECEMBER 2025 18 Cash gen•Tated from operations 2025 2024 Surplus for the year 156,225 176.633 Adjustments for.. Investment income recognised in statement of financial activities Depreciation and irnpairment of tangible fixed assets {55.0021 136,729 152,1511 136,903 Movements in working caprtal.. (Increase) in debtors (Decreasèllincrease in creditors {26,9461 18,9311 {1,8621 4,298 Cash generatèd from operations 202.075 263,821 19 Analysis of chang¢$ in net fund¥ The charity had no material debt during the yeai. -28-