COMPANY REGISTRATION NUMBER.. N1603999
CHARITY REGISTRATION NUMBER: NIC107433
Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Financial Statements
30th September 2022
DONALDSON & THOMPSON
Chartered Accountants & statutory auditor
3 Limavady Road
Londonderry
BT47 6JU

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Financial Statements
Year ended 30th September 2022
Page
Trustees, annual report (incorporating the director's report)
Independent auditor's report to the members
Statement of financial activities (including income and
expenditure account)
13
statement of financial position
14
statement of cash flows
15
Notes to the financial statements
16

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 30th September 2022
The trustees, who are also the directors for the purposes of company law, present their report and the
financial statements of the charity for the year ended 30th September 2022.
Reference and administrative details
Registered charity name
Limavady Community Development Initiative Ltd
Charity registration number
NIC107433
Company registration number N1603999
Principal office and registered 24D Benevenagh Drive
office
Limavady
Co Londonderry
BT49 DAQ
The trustees
Keith Leighlon
John Wilson
Maureen Hudson
Ann McNickle
Gwynelh McQuiston
Deborah Mills
James Herron
(Retired 3rd October 20221
Chief Executive
Wendy McAleese Ilnterim>
to 5th May 2022
Jill Proctor
5th May 2022 to 7th November 2022
Olivia MGCurry
23rd January 2023
Auditor
Donaldson & Thompson
Chartered Accountants & statutory auditor
3 Limavady Road
Londonderry
BT47 6JU
Bankers
Bank of Ireland
2 The Diamond
Coleraine
Co Londonderry
BT52 1 DE
SoliGltors
Martin King French & Ingram LLP
52 Catherine Street
Limavady
Co Londonderry
BT49 gDB

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) {conlinued)
Year ended 30th September 2022
Structure, governance and management
The organisalion is a charitable company limited by guarantee, incorporated on 6th August 2010 and
accepted as a charity by HM Revenue & Customs, reference number XR52185. The company was
established under a Memorandum of Association which established the objects and powers of the
charitable company and governed under its Articles of Association. In the event of the company being
wound up members are required to contribute an amount not exceeding £1 .
Appointment of Executive Committee.. LCDI is governed by an Executive Committee elected by its
members on an annual basis.
Commitlee Induction and Training.. New Executive Committee members undergo indLJclion training lo
brief them on roles and responsibilities and their legal obligations under charity and company law, the
committee and the decision-making processes, the strategic and operational planning processes, the
organ isalional structure and key organisalional activities. Executive ComM￿llee members are provided
with copies of the NICVA Governance Manual which includes the Memorandurn and Articles of
Association, Rale Descriptions for Office Bearers and Committee members and Sub Committees,
Finance Procedures and the Equal Opportunities Palicy.
Organisalional Structure.. The Executive Committee ensures the good governance of the organisalion
by selling ils strategic objectives and policy direction through LCDI'S three-year strategic plan and
monitoring progress on this through the annual operational planning process. The Committee meets
every two months and the Finance and Resource Sub- Committees which deal with the human and
financial resources of the organisation meet on a-monthly basis. The Chief Executive Officer, appointed
by the Cornmitlee, manages the day to day operations of the organisation. To facilitate effective
operations, the General Manager has delegated authority for operational matters including the
application and monitoring of strategic and operationa5 objectives.
Related Parties.. LCDI is an independent organisation and therefore all operations are carried out in
accordance with this.
Risk Management,. Financial risks are assessed by the organisation through the Resources Committee
on a quarterly and annual basis.
Objectives and activities
Principal activities.. Limavady Community Development Initiative ILC Dllobjectives are to advance
comillunity development by providing facilities and amenities for and support and assistance to,
community and voluntary groups and organisations. Advance health and well-being relieve poverty,
advance education, relieve those in need by reason of youth, age, ill-health, disability, financial hardship
or other disadvantage, advance the arts, culture and heritage, provide facilities in the interest of social
welfare for reaction and other leisure time occupations with the object of improving the conditions of life
for the said residents and finally lo promote religious and racial harmony, eqLJality and diversity.
Strategic report
The following sections for achievements and performance and financial review form the strategic report
of the charity.

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Trustees, Annual Report {Incorporating the Director's Report) (corrtlnuedj
Year ended 30th September 2022
Achievements and performance
This was the fifth year in the implementation of the five-year strategic plan running from 2017 to 2022.
The following highlights some of the work undertaken to support the delivery of the plan during the
accounting period October 2021 to September 2022..
Environmental Programmes
Recycle @LCDI is an environmental project which divert waste from landfill, support the local community
and local jobs, promote recycling and our free collection service of preloved furniture donation5 helps
prevent fly tipping. During the accounting period October 2021 lo September 2022 we have diverted
500 tonnes of waste from landfill and have completed more than 1500 collections and deliveries. A SLA
with local manufacturer, Fast House has contributed greatly to these figures.
Garden Centre @ LCDI is a partnership between LCDI and the Western Health & Social Care Trust. It
provides a day opportunity for 15 adults with various learning disabilities, allowing them to participate in
a range of horticultural activities and providing respite for clients, families and carers. The project
operates Monday - Friday and during the accounting period October 202110 September 2022 provided
11,000 hours of supported work experience for our clients.
Family Support Programmes
Wrap Around School Provision @ LCDI, is a cross communily-based afterschool's project providing
wrap around out of school care for 48 Children. During the accolinting period October 2021 to
September 2022 we provided 30,000 hours of affordable childcare. The impact of Covid - 19 during the
first six months of the accounting period was significant with the service being affected with reduced
numbers and constant positive cases.
Playgroup@ LCDI: is a communily-based playgroup providing a pre-school session 5 mornings a week
from 8.30am
noon {24 spaces) which follow the pre-school curriculum. The project is inspected
annually by Social Services and ETI and provide 5280 hours of care per year.
Lifestart @LCDI is a family support programme for parents of children aged between birth and five
years, which focuses on child development. nurture, and protection. Our growing child programme along
with our Family Support sessions delivered 2000 hours during the accounting period October 2021 to
September 2022. 'The Growing Child, programme provides advice, guidance, early intervention and
signp051ing services.

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) {continuedJ
Year ended 30th September 2022
Achievements and performance (conlinuedj
Social Inclusion Programmes
Respite care @LCDI is a project aimed al providing respite lo carers from their busy caring roles. The
idea is that they have a responsible person at home with their family member while they run errands or
socialise on a regular basis. During the accounting period October 2021 to September 2022, we were
unable to deliver this service due to the vulnerability of the clients and since March 21 having no staff in
this project.
Good Morning Roe Valley @ LC DI is a project delivering a daily telephone call to older people around
the borough who may otherwise hear from no one on a regular basis. The project is a signposting
service as well and is a good friend lo the wider family circle of its clients as they know that someone
will be in touch with their loved one each day. During the accounting period of October 2021 to
September 2022, the project continues to make an average 60 calls per day which amounted lo 15,600
calls lo lo local older people being undertaken during the year.
Community Meals @ LCDI provides a nutritionally balanced meal along with a range support services
both on and off sile the later only being possible thanks lo the volunteers helping to deliver the service.
During the accounting period of October 2021 to September 2022 an average of 150 meals are delivered
weekly. This would equate to an average of 650 meals per month, tolalling 7,800 meals for the
accounting period.
Daycare @LCDI is a daycenlre for adults with physical disabilities aged 18-65yrs and has been in
Dperation for 26 years. The centre aims to work with their clients and families to provide developmental
support by engaging in client led activities. From October 202110 September 2022, places equating lo
Dver 6,712 hrs of care were provided. emphasising on holistic mentoring to support the participants
emotional and mental wellbeing.
Financial support Programmes
The Advice Centre @LCDI is an independent advice service delivering support and guidance across
Causeway Coast and Glens Borough Council. During the accounting period October 2021 to September
2021, it dealt with 11089 enquiries from clients, and generated £5,234,516 of income via appeal
tribunals, benefit claims. This service ceased in May 2022.

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (conttnued)
Year ended 30th September 2022
Achievements and performance (continued)
Community Cohesion Programmes
The Volunteer Centre @LCDI provides developmental supports a range of volunteers in the Greater
Limavady Area, supporting them make a difference lo their local community.
The work undertaken by the volunteers involved in this strategic approach to service for vulnerable and
l or socially isolating residents lo date has included
Making LJP and delivery of weekly care packages for families experiencing financial hardship but
who were not covered by the existing DFC Icouncil scheme. Weekly shopping trips for those who
could afford to pay for their shop but were socially isolation. Topping up of Utility cards Collection
and delivery of prescriptions
Dog walking
Hospital runs.
Delivery of local papers
Collection of pensions
During the accounting period October 2021 to September 2022, the project provided 4,854 hours of
direct volunteer support, engaging 720 individuals.
Limavady Hens Shed, Limavady Hens Shed was developed out of Covid and the programme has
continued to go from strength lo strength, engaging local women from across the community in several
different developrrental facilitated workshops.
During the accounting period October 2021
September 2022 3,000 hours of developmental support were delivered.
R.E.A.C.H.' Is a new programme designed to provide a social framework for adults living with a learning
disability During the accountiiig period October 2021 September 2022 3,900 hours of developmental
support were delivered.
Community Cohesion events LCDI.. The status of LCDI as a cross communily organisalion located in a
shared space means that the organisation can run events throughout the year which bring communities
from throughout the locality together regardless of community, social or financial background. During
the accounting period October 2021 to September 2022, we ran only 1 large scale open event which
attracted 600 participants.
Community Training and Education
Community Works Training @LCDI provides affordable practical training for local community
organisalions to support them undertake tlieir services. During the accounting period October 2021 10
September 2022, 600 individuals availed of a range Df training including first aid, child protection, food
safety and Hygiene, governance, and volunteer management.
E.Q.U.A.L@LCDI is a training and support programme designed to provide adults with additional needs
the support required to increase their capacity with a view to them engaging in further training and
ultimately employment opportunities. The programme supported 48 adults develop their confidence,
knowledge, and skills during the accounting period October 2021 to September 2022.

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 30th September 2022
Achievements and performance (continued)
Anli-Poverty Programmes
Foodbank.. was a new programme which only came under the LCDI umbrella in March 2019 when the
existing service was not able to logistically continue. The foodbank was extremely busy during the
accounting period October 2021 to September 2022 and has continued to be managed by LCDI staff &
Volunteers. LCDI Foodbank accept referrals from any slatulory or communitylvolunlary sector agency
with referrals also coming from GP'S, childcare providers or housing associations.
During the
accounting period October 2021 to September 2022 the foodbank provided 250 emergency food
parcels.
Social Supermarkets
after identifying a need LCDI set up a self-funded social supermarket in
November 2020 and during the accounting period October 2021 to September 2022 have helped 409
families in their journey out of food poverty and re-directed 10 tons of food waste from landfill. We
supported 48 volunteers who gave 2340 hoLJrs of their time to the programme. The social supermarket
cliarges a nominal fee of £5 per family per week if parl of our EQUAL programme or £1 O per family if
referred through an external agency. The clients will embark on a jOLJrney not only addressing the food
poverty, but will also attend cookery classes, budgeting classes and will receive a recognized training
qualification and work experience lo them move into further training or employment.
Baby Bank - Offers pre-loved clothes, nursery equipment and toys to families who are participating in
our programmes or who have been referred through the appropriate channels. During the accounting
period October 2021 to September 2022 the programme supported 48 volunteers and 2000 hours of
volunteering
Fuel stamps @LCDI is a project delivered in partnership with the local Council, and local businesses to
provide a service which allows residents to save towards their healing bills During the accounting period
October 2021 to September 20?2 134, 300 individual stamps with a cumulative value of £671,500 were
saved by residents who were budgeting to avoid fuel poverty.
Financial review
The results for the year are contained in the financial statements attached.
Investment Policy.. The Resources Sub-committee has considered the most appropriate policy for
investing funds and decided that a mixture of bank deposit accounts is the best approach. The
investment policy is reviewed each year by the Committee.
Reserves Policy.. Unrestricted funds are essential to provide sufficient funds to cover any unforeseen
costs which may arise and fulfil the legal obligations of the Charity in the event that current levels of
income are not maintained. The reserves policy has been designed to recognise LCDI'S requirements
for reserves in light of the main risks to the organisation. The aim is to provide sufficient funds to cover
any unforeseen costs which may arise, recognise the volatile grant environment as well as allowing for
the payment of any liabilities which would arise should the Charity cease to operate. Any call upon the
use of reserves will be at the approval of the Executive Committee which will examine the rationale for
doing so and agree an amount where appropriate.
At 30th September 2022, the level of "free reserves" excluding fixed assets and designated funds was
£257,334. While this is below our ideal reserve level il does allow for liquidity and we intend to develop
further reserves in the coming years.

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) {cotTtlnuedJ
Year ended 30th September 2022
Plans for future periods
LCDI has a Strategic Plan for the period 2023-2028. We hope this will allow for further growth and
expansion of our services to help us achieve our mission.
Trustees, responsibilities statement
The trustees, who are also directors for the purposes of company law, are responsible for preparing the
trustees, report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees lo prepare financial statements for each year which give a
true and fair view of the slate of affairs of the charitable company and the incoming resources and
application of resources, including the income and expenditure, for that period.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the method5 and principles in the applicable Charities SORP.,
make judgments and accounting eslimales that are reasonable and prudent,
stale whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless il is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charity's transactions and disclose with reasonable accLJracy al any time the financial
position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The charity's trustees are covered by insurance indemnifying them when acting in their capacity as
trustees of the charity.
Auditor
Each of the persons who is a trustee al the date of approval of this report confirms that,.
so far as they are aware, there is no relevant audit information of which the charity's auditor is
unaware", and
they have taken all slep5 that they ought to have taken as a trustee to make themselves aware of
any relevant audit information and to establish that the charity's auditor is aware of that information.
A resolution lo reappoint Donaldson & Thompson as auditors will be proposed at the forthcoming Annual
General Meeting.

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (corrtlnuedj
Year ended 30th September 2022
The Iruslees, annual report and the strategic report were approved on 29th June 2023 and signed on
behalf of the board of trustees by:
Keith Leighton
Trustee
ohn Wilson
Trustee

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Independent Auditor's Report to the Members of Limavady Community
Development Initiative Ltd
Year ended 30th September 2022
Opinion
We have audited the financial statements of Limavady Community Development Initiative Ltd (the
'charily') for the year ended 30th September 2022 which comprise the statement of financial activities
(including income and expenditure account), statement of financial position, statement of cash flows
and the related notes, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparalion is applicable law and United Kingdom Accounting
Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the slate of the charity's affairs as at 30th September 2022 and of its
incoming resources and application of resources, including its income and expenditure, for the
year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice.,
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing {UKI IISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and the provisions available for small
entities, in the circumstances set out in noteto the financial statements, and we have fulfilled our other
ethical responsibilities in accordance with these requirements. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis
of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubl on the charity's ability to
continue as a going concern for a period of al least twelve months from when the financial statements
are authorised for iSSLJe.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Independent Auditor's Report to the Members of Limavady Community
Development Initiative Ltd (continued)
Year ended 30th September 2022
Other information
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information. Our
opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly staled in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, aur responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or othetwise appears to be materially misstated. If
we identify such material inconsistencies or apparent material misstatements. we are required to
determine whether there is a material misslatemenl in the financial statements or a material
misstatement of the other information. If, based on the work we have performed, we conclude that there
is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the trustees, report for the financial year for which the financial statements
are prepared is consistent with the financial statements., and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exceptlon
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 Irustees, report.
We have nothing lo report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit 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
certain disclosures of trustees, remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit.
10

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Independent Auditor's Report to the Members of Limavady Community
Development Initiative Ltd (contlnuedj
Year ended 30th September 2022
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the
directors for the purposes of company lawl are responsible for the preparation of the financial statements
and for being satisfied that they give a true and fair view, and for such inlernal control as the trustees
determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but lo do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstalemenl, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outliiied above, to detect material misstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detailed below..
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading lo a material misslatemenl in the financial statements or non-compliance with
regulation. This risk increases the more that compliance with a law or regulation is removed from the
events and transactions reflected in the financial statements, as we will be less likely to become aware
of instances of non-compliance. The risk is also greatei regarding irregularities occurring due to fraud
rather than error, as fraud involves intentional concealment, forgery, collusion, omission or
misrepresentation.
As part of an audit in accordance with ISAS (UKI, we exercise professional judgment and maintain
professional scepticism thrDughout the audit, We also,.
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
delecling a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override
of internal control.
Obtain an understanding of internal control relevant lo the audit in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
11

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Independent Auditor's Report to the Members of Limavady Community
Development Initiative Ltd (continLJedJ
Year ended 30th September 2022
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related lo events
or conditions that may cast significant doubt on the charity's ability to continue as a going concern.
If we conclude that a material uncertainty exists. we are required to draw attention in our auditor's
report to the related disclosures in the financial statements or, if such disclosures are inadequate,
lo modify our opinion. Our conclusions are based on the audit evidence obtained up to the dale of
our auditor's report. However, future events or conditions may cause the charity to cease to
continue as a going concern.
Evaluate the overall presentation, structure and content of the financial slatemenls, including the
disclosures, and whether the financial slalements represent the underlying transactions and events
in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
Use of our report
This report is made solely lo the charity's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charity'5
members those matters we are required lo state to them in an auditor's report and for no other purpose.
To the fullest exlenl permitted by law, we do not accept or assume responsibility to anyone other than
the charity and the charity's members as a body, for our avdil work, for this report, or for the opinions
we have formed.
Alislair Sterritt (Senior Statutory Auditor)
For and on behalf of
Donaldson & Thompson
Chartered Accountants & statutory auditor
3 Limavady Road
Londonderry
BT47 6JU
29th June 2023
12

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30th September 2022
2022
Restricted
funds Total funds
2021
Unrestricted
funds
Total funds
Note
Income and endowments
Donations and legacies
Charitable activities
Investment income
6,910
539,516
14,304
439,212
61
21,214
978,728
67
140,194
996,141
72
Total income
546,432
453,577
1,000,009
1,136,407
Expenditure
Expenditure on charitable activities
Total expenditure
609,864
321,587
931,451
977,271
609,864
321,587
931,451
977,271
Net income and net movement in funds
163,4321
131,990
68,558
159,136
Reconciliation of funds
Total funds brought forward
Total funds carried forward
896,282
308,804
1,205,086
1,273,644
1,045.950
832,850
440,794
1,205,086
The stalenient of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 16 to 29 form part of these financlal ststements.
13

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
statement of Financial Position
30th September 2022
2022
2021
Note
Fixed assets
Tangible fixed assets
13
268,272
286,692
Current assets
Debtors
Cash at bank and in hand
14
192,209
1,534,337
144,160
1,377,241
1,726,546
1,521,401
Creditors: amounts falling due within one year
16
721,174
603,007
Net current assets
1,005,372
918,394
Total assets less current liabilities
1,273,644
1,205,086
Net assets
1,273,644
1,205,086
Funds of the charity
Reslricled funds
Unrestricted funds
440,794
832,850
308,804
896,282
Total charity funds
18
1,273,644
1,205,086
These financial statements were approved by the board of trustees and authorised for issue on 29th
June 2023, and are signed on behalf of the board by.
[￿lA- £e4g/4hm
gokn
Keith Leighton
Trustee
John Wilson
Trustee
The notes on pages 16 to 29 form part of these financial statements.
14

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Statement of Cash Flows
Year ended 30th September 2022
2022
2021
Note
Cash flows from operating activities
Net income
68,558
159,136
Adjustments for..
Depreciation of tangible fixed assets
Other interest receivable and similar income
Interest payable and similar charge5
Accrued expenses
27,482
1671
3,642
94,106
29,392
1721
3,162
70,547
Cl?cl1?ges iii..
Trade and other debtors
Trade and other creditors
148,0491
34,371
113,170)
112,810>
236,185
Cash generated from operations
180,043
Interest paid
Interest received
13,6421
67
{3,1621
72
Net cash from operating activities
176,468
233,095
Cash flows from investing activities
Purchase of tangible assets
19,0621
19,0621
138,5141
Net cash used in investing activities
138,5141
Cash flows from finaiiciiig activities
Proceeds from borrowings
Nel cash used in financing activities
116,1161
116,1161
Net increase in cash and cash equlvalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
151,290
1,377,241
1,528,531
194,581
1,182,660
15
1,377,241
The notes on pages 16 to 29 form part of these financial ststements.
15

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30th September 2022
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
is 24D Benevenagh Drive, Limavady. Co Londonderry, BT49 OAQ.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and Ihe Republic of Ireland,, the Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities
SORP IFRS 102)) and the Companies Act 2006.
Accounting policies
Basls of preparation
The financial slalements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimatlon uncertainty
The preparation of the financial statements requires Imanagemenl to make judgements, estimates
and assumptions that affect the amounts reported. These estimates and judgements are
continually reviewed and are based on experience and other factors, including expectations of
future events that are believed to be reasonable under the circumstances.
Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees lo further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through
the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment
funds.
16

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30th September 2022
Accounting policies (continued)
Incoming resources
Income
All income is included in the statement of financial activities when the charity is entitled tD the
income, any performance related conditions attached have been met Dr are fully within the control
of the charity, the income is considered probable and the amount can be quantified with reasonable
accuracy. The following specific policies are applied to particular categories of income..
Donations and legacy income is received by way of donations, legacies, grants and gifts and is
included in fLIII in the Statement of Financial Activities when receivable. Vvhere legacies have been
notified to the charity but the criteria for income recognition have not been mel, the legacy is treated
as a contingent asset and disclosed if material. Grants, where entitlement is not conditional on the
delivery of a specific performance by the charity, are recognised when the charity becomes
unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity, being the amount the charity
would have been willing to pay to obtain services or facilities of equivalent economic benefit on the
open market.
Investment income is included when receivable.
Income from charitable trading activity is accounted for when earned.
I ncome from grants, where related to performance and specific deliverable5, are accounted for as
the charity earns the right to consideration by its performance.
Resources expended
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is reported as part of the expenditure lo which it relate5'.
Costs of raising fuiids comprise the costs associated with attracting donations, grants and legacies
and the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and services for its beneficiaries. 11 includes both costs that can be allocated directly to such
activities and those costs of an indirect nature necessary to support them.
Other expenditure includes all expenditure that is neither related to raising funds for the charity nor
part of its expenditure on charitable activities.
All costs are allocated between the expenditure categories of the SOFA on a basis designed to
reflect the use of the resource. Costs relating to a particular activity are allocated directly, other5
are apportioned on an appropriate basis, as set out in the notes to the accounts.
17

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30th September 2022
Accounting policies fcontlnued)
Tangible assets
All fixed assets are initially recorded al cost less accumulated depreciation and accumulated
impairment loss, Cost includes all costs that are directly attributable to bringing the asset into
working condition for ils intended use.
Depreciation
Depreciation is calculated so as lo write off the cost or valuation of an asset, less ils residual value,
over the useful economic life of that asset as follows..
Freehold property
Motor vehicles
Equipment
20/0 Straight line
250/D reducing balance
100/0 Straight line
Impalrment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is irnpaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible lo estimate the recoverable amount
of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit
to which the asset belongs. The cash-generaling unit is the smallest identifiable group of assets
that includes the asset and generates cash inflows that largely independent of the cash inflows
from other assets or group5 of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated lo each of the cash-generaling units that are expected to benefit fro
the synergies of the Combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party lo the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash Dr other consideration
expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured al fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
18

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (¢ontinuerlJ
Year ended 30th September 2022
Accounting policies (continued)
Financial instruments (Continued)
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal bLJsiness terms or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted al a market rate of interest for a similar debt instrument.
other financial instruments are subsequently measured at fair value, with any changes recognised
in the statement of financial activities, with the exception of hedging instruments in a designated
hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment al the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial activities
in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually
significant, these are assessed individually for impairment. Other financial assets are either
assessed individually or grouped on the basis of similar credit risk Gharacleristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset lo the exlenl that
the prepayment will lead to a reduction in future payments ar a cash refund. Contributions to
defined contribution plans and associated liabilities are allocated to activities and between
restricted and unrestricted funds on the basis of the connected payroll expense. When
contributions are not expected to be settled wholly within 12 months of the end of the reporting
date in which the employees render the related service, the liability is measured on a discounted
present value basis. The unwinding of the discount is recognised as an expense in the period in
which it arises.
Limited by guarantee
Limavady Community Development Initiative Ltd is a company limited by guarantee and
accordingly does not have a share capital.
Every member of the company undertakes lo contribute such amount as may be required not
exceeding £1 to the assets of the charitable company in the event of its being wound up while he
or she is a member, or within one year after he or she ceases lo be a member.
19

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 30th September 2022
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Donations
Donations - Daycare Services
Donations - Play Group
Donations - After Schools
Donations - Elderly Services
Donations - Community Transport
Donations - Volunteer Bureau
Donations - Volunteer Bureau No 2 Foodbank
Donations - Refurnish
Donations - GlassICard Recycling
Donations - Overheads
Donations - Advice
3,836
3,836
1,155
1,155
14,106
14,106
1,219
700
1,219
898
198
6,910
14,304
21,214
Unrestricted
Funds
Restricted Total Funds
Funds
2021
Donations
Donations - Daycare Services
Donations - Play Group
Donations - Afler Schools
Donations - Elderly Services
Donations- Community Transport
Donations - Volunteer Bureau
Donations- Volunteer Bureau No 2 Foodbank
Donations - Refurnish
DonatlDns - Glasslcard Recycling
Donations- Overheads
Donations - Advice
12,224
1,845
6,683
6,030
4,679
12,224
1,845
6,683
6,030
4,679
400
23,136
13,110
5,266
63,786
3,035
400
23,136
13,110
5,266
63,786
250
2,785
113,873
26,321
140,194
20

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30th September 2022
Charitable activities
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Other income from charitable activities - Lifestart
Other income from charitable activities - Daycare
Services
other income from charitable activities - Play Group
Other income from charitable activities After
Schools
other income from charitable activities - Elderly
Services
Other income from charitable activities - Community
Transport
other income from charitable activities - Refurnish
Limavady Shop
other income from charitable activities - Glasslcard
Recycling
Other income from charitable activities - Garden
CentrelGreen Shed
Other income from charitable activities - Overheads
Otlier income from charitable activities - New Deal
Fuel Stamps 2
Other income from charitable activities - Advice
Other iiicome from charitable activities - Community
Works Training
Other income from charitable activities - Volunteer
Bureau
Ollier income from charitable activities - Volunteer
Bureau No 2
Other income from charitable activities - Family
Centre
Other income from charitable activities - Equal
Project
Other income from charitable activities - Reach &
Hen's Shed
22,706
22,706
72,959
58,565
72,959
58,565
140,617
140,617
17,160
17,160
16,677
16,677
58,517
58,517
45,941
45,941
25,776
44,257
25,776
44,257
22,855
22,855
117,085
117,085
8,142
,142
75,694
75,694
12,500
12,500
7,025
7,025
211,227
211,227
21,025
21,025
539,516
439,212
978,728
21

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (corjtinuedj
Year ended 30th September 2022
Charitable activities (continued)
Llnreslricted
Funds
Restricted Total Funds
Funds
2021
Other income from charitable activities - Lifestart
other income from charitable activities - Daycare
Services
Other income from charitable activities - Play Group
Other income from charitable activities - After
Schools
Other income from charitable activities - Elderly
Services
Other income from charitable activities - Community
Transport
Other income from charitable activities - Refurnish -
Limavady Shop
Other income from charitable activities - Glasslcard
Recycling
Other income from charitable activities - Garden
CentrelGreen Shed
Other income from charitable activities - Overheads
Other income from charitable activities - New Deal
Fuel Stamps 2
Other income from charitable activities Advice
other income fram charitable activities - Community
Works Training
Other income from charitable activities Volunteer
Bureau
Other income from charitable activities - Volunteer
Bureau No 2
other income from charitable activities - Family
Centre
other income from charitable activitie5 - Equal
Project
other income from charitable activities - Reach &
Hen's Shed
27,113
27,113
74,419
64,842
74.419
64,842
83,502
83,502
43,368
43,368
12,207
12,207
47,548
47,548
44,622
44,622
26,103
50,002
26,103
50,002
20,506
20,506
143,460
143,460
11,371
11,371
74,737
74,737
95,342
95,342
29,914
29,914
147,085
147,085
508,404
487,737
996,141
Investment income
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Bank interest receivable - Unrestricted funds
Bank interest receivable - Restricted funds
61
61
61
67
22

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30th September 2022
Investment income (contlnuedj
Unrestricted
Funds
Restricted Total Funds
Funds
2021
Bank interest receivable Unrestricted funds
Bank interest receivable - Restricted funds
61
61
61
72
23

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30th September 2022
Expenditure on charitable activities by fund typo
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Lifestart
Daycare services
Playgroup
Afterschools
Stepchange
Elderly services
Community Transport
Volunteer Bureau
Volunteer Bureau No.2
Refurnish - Limavady shop
Glass I Card recycling
Garden centre l Greenshed
Overheads
New Deal Fuels Stamps 2
Advice
AIVC - Small grants
Community Works training
Peace IV
Family Centre
Big Lottery
Pay Plan
Equal Project
Reach & Hen's Shed
32,788
32,788
98,054
74,123
145,200
6,569
4,598
22,920
74,954
45,147
11,879
14,034
60,941
11,525
6,398
88,697
512
2,925
38
12,195
98.054
74,123
145.200
6,569
4,598
22,920
74,954
45,147
11,879
14,034
60,941
11,525
6,398
88,697
512
2,925
38
12,195
1,525
109,900
32,964
1,525
183,463
32,966
73,565
609,864
321,587
931,451
Unreslricled
Fund5
Restricted Total Funds
Funds
2021
Lifeslart
Daycare services
Playgroup
Afterschools
Stepchange
Elderly services
Community Transport
Volunteer Bureau
Volunteer Bureau No.2
Refurnish - Limavady shop
Glass I Card recycling
Garden centre l Greenshed
Overheads
New Deal Fuels Stamps 2
Advice
AIVC - Small grants
Community Works training
Peace IV
Family Centre
Big Lottery
36,121
36,121
99,705
69.169
79.043
6,856
46,404
17.014
63,818
71,374
33,633
8,300
74,106
32.090
6,420
131,936
512
3,907
25
26,077
25
99,705
69,169
79,043
6,8Jf6
46,404
17,014
63,818
71,374
33,633
8,300
74,106
32,090
6,420
131,936
512
3,907
25
26,077
25
24

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 30th September 2022
Pay Plan
Equal Project
Reach & Hen's Shed
38
38
170,698
170,698
503,274
473,997
977,271
Expenditure on charitable activities by activity type
Activities
undertaken Total funds
directly
2022
Total fund
2021
Lifestart
Daycare services
Playgroup
Afterschools
Stepchange
Elderly services
Community Transport
Volunteer Bureau
Volunteer Bureau No.2
Refurnish - Limavady shop
Glass I Card recycling
Garden centre l Green5hed
Overheads
New Deal Fuels Stamps 2
Advice
AIVC - Small grants
Community Works training
Peace IV
Family Centre
Big Lottery
Pay Plan
Equal Project
Reach & Hen's Shed
32,788
98,054
74,123
14Jf,200
6,569
4,598
22,920
74,954
45,147
11,879
14,034
60,941
11,525
6,398
88,697
512
2,925
38
12,195
32,788
98,054
74,123
145,200
6,569
4,598
22,920
74,954
45,147
11,879
14,034
60,941
11,525
6,398
88,697
512
2,925
38
12,195
36,121
99,705
69.169
79,043
6,856
46,404
17,014
63,818
71,374
33.633
8,300
74,106
32,090
6,420
131,936
512
3,907
25
26,077
25
38
170,698
1,525
183,463
32,966
1,525
183,463
32,966
931,451
931,451
977,271
10. Net income
Net income is stated after chargingllcreditingl..
2022
2021
Depreciation of tangible fixed assets
27,482
29,392
11. Staff costs
25

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (Continued)
Year ended 30th September 2022
11. Staff costs (continuedj
The average head count of employees during the year was 41 (2021.. 421. The average number of
full-time equivalent employees during the year is analysed as follows.,
2022
2021
Number of staff -
41
42
No employee received employee benefits of more than £60, 000 during the year12021. Nill.
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for planning,
directing and controlling the activities of the charity. The total compensation paid lo key
management personnel for services provided to the charity was £64,57212021.'£76, 515).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were
received by the trustees.
13. Tangible fixed assets
Land and
buildings
Motor
vehicles
Equipment
Total
Cost
At 1 Oct 2021
Additions
199,982
75,520
186,041
9,062
461,543
9,062
At 30 Sep 2022
Depreciation
At 1 Oct 2021
Charge for the year
At 30 Sep 2022
199,982
75,520
195,103
470,605
39,969
4,050
51,626
5,974
83,256
17,458
174,851
27,482
44,019
57,600
100,714
202,333
Carryiiig amount
At 30 Sep 2022
At 30 Sep 2021
155,963
17,920
94,389
268,272
160,013
23,894
102,785
286,692
14. Debtors
2022
2021
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income
Other debtors
108,352
26,259
21,291
36,307
52,624
26,259
38,597
26,680
192,209
144,160
26

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30th September 2022
15. Cash and cash equivalents
Cash and cash equivalents comprise the following
2022
2021
Cash al bank and in hand
Bank overdrafls
1,534,337
(5,8061
1,528,531
1,377,241
1,377,241
16. Creditors,. amounts falling due within one year
2022
2021
Debenture loans
Bank loans and overdrafts
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
16,116
5,806
57,572
585,165
7,745
64,886
721,174
27,345
491,059
7,243
61,244
603,007
17. Pensions and other post retirement benefits
Defined Gontribution plans
The amount recognised in income or expenditure as an expense in relation lo defined contribution
plans was £9,409 (2021. £10,233).
18. Analysls of charitable funds
Unrestricted funds
At
1 Ocl 2021
At
Income Expenditure 30 Sep 2022
General funds
Designated Funds
896,282
201.432
345,000
1609,864)
487,850
345,000
896,282
546,432
1609,864)
832,850
At
1 Oct 2020
At
Income Expenditure 30 Sep 2021
General funds
Designated Funds
777,268
622,288
1503,274)
896,282
777,268
622,288
1503,2741
896,282
27

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (conllnued)
Year ended 30th September 2022
18. Analysis of charitable funds (contlnued)
Restricted funds
At
1 Oct2021
At
Income ExpenditLJre 30 Sep 2022
Restricted Funds
308,804
453,577
{321,587)
440,794
Al
1 Oct 2020
At
Income Expenditure 30 Sep 2021
Restricted Funds
268,682
514,119
1473,9971
308,804
19. Analysls of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
230,516
711,517
(109,1831
832,850
37,756
268,272
1,015,029
1,726,546
1611,9911 1721,1741
440,794
1,273,644
Unreslricled
Funds
Restricted Total Funds
Fund5
2021
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
239,327
721,953
164,998)
47,365
799,449
1538,0101
286,692
1,521,402
1603,0081
896,282
308,804
1,205,086
20. Ethical standards
I n common with many other businesses of our size and nature we use our auditors to assist with
the preparation of the financial statements.
21. Analysis of changes in net debt
At
At 1 Oct 2021 Cash flows 30 Sep 2022
Cash at bank and in hand
Bank overdrafts
Debt due within one year
1,377,241
157,096
(5,8061
16,116
1,534,337
(5,8061
116,116)
1,361,125
167,406
1,528,531
28

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30th September 2022
22. Related parties
Limavady Community Development Initiative Limited (LCDI Ltd) is the sole member of Roe Valley
Community Property Limited IRVCP Ltd), a cornpany limited by guarantee, incorporated in
Northern Ireland.
RVCP Ltd provided catering services to the value of £12,161 (2021. £5,626) to LCDI Ltd during
the year ended 30 September 2022. There was a balance of £Nil12021'. £Nill owed to RVCP Ltd
from LCDI Ltd at 30 September 2022.
During the year ended 30 September 2022, LCDI Ltd was charged a total of £19,429 (2021:
£41,669) in respect of rent, service charges and other services by R VCP Ltd. At 30 September
2022, the amount due from R VCP Ltd in relation lo rent, service charges and other services was
Nil {2020. £23,880).
23. Designated funds
Designated funds, as disclosed within the Analysis of Charitable Funds note, refers lo that part of
unrestricted funds which the directors have allocated for the purpose of developing specific future
projects and future expenditure on particular capital assets.
29