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 Ihe financial statemenls of Limavady Communily Development Initiative Ltd (the
'charity'l for the year ended 30th September 2022 which comprise the statement of financial activitie5
(including income and expenditure account). stalement of financial position, statement of cash flows
and the relaled noles, including a summary of significant accoLtnting policies. The financial reporting
framework that has been applied in their preparation is applicable law and Uniled Kingdom Accounting
Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of
I reland {Uniled Kingdom Generally Accepted Accounting Practice).
In our opinion the financial slatemenls..
give a true and fair view of the state of the charity's affairs as al 30th September 2022 and of its
incoming resources and application of resources, including ils 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 {UK} {ISAs (UKI) and
applicable law. Our responsibilities under those standards are furtlier described in the auditor's
responsibilities for Ihe audit of the financial stalements Section of our report. We are independent of the
cliarity in accordance with the ethical requiremenls that are relevant to our audit of the financial
s131emenls in the UK, including the FRC'S Ethical Standard, and the provisions available for small
enlilies, in the circumstance5 set out in nolelo the financial statements, and we have fulfilled our other
ethical responsibilities in accordance with Ihese requiremenls. 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 perfom)ed, we have not identified any malerial uncertainties relating lo
events or conditions that, individually or collectively, may cast significant doubl on the charity'5 ability lo
ontinue as a going concern for a period of at least ￿e1ve months from when the financial statements
are authorised for issue.
Our responsibilities and the responsibilities of the tTUStees wtth 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 (con￿nUed1
Year ended 30th September 2022
Other inforrnatlon
The other information comprises the information included in the annual report, other Ihan the financial
statement5 and our auditor's report thereon. The trustees are responsible for the other information. Our
opinion on the financial slalements does not cover Ihe other Information and, except to the extent
othe￿iSe explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements. our responsibilily is lo read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge oblained in the audit or othe￿iSe appears to be materially misstated. If
we identity such material inconsistencies or apparent malerial misslatements, we are required lo
determine whether there is a material misstatement in the financial statements or a material
misstatement of the other information. If, based on the work we have performed, we conclude that there
15 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 Companles Att 2006
In our opinion, based on the work undertaken in Ihe 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 whlch 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 Iruslees, report.
We have nothing to 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 u5., or
the financial statements are not in agreement V￿th 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.
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Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Independent Auditor's Report to the Members of Limavady Community
Development Initiative Ltd (¢ontlnued)
Year ended 30th September 2022
Responsibilities of trustees
As explained more fully in the trustees. responsibilities slalemenl, the trustees (who are also the
directors for the purposes of company law) are responsible for the preparation of the financial statements
and for being satisfied Ihat they give a true and fair view. and for such Internal control as the trustees
determine is necessary to enable Ihe preparation of financial statements that are free from material
mi551aternenl, whether due to fraud or e￿Or.
I n preparing the financial statemen15, the trustees are responsible for assessing the charity's ability lo
continue as a going concern, disclosing, as applicable. matters related to going concern and using the
going concern basis of accounting unless the tru5t¢es eilher intend to liquidate the Gharity or lo cease
operations, Dr have no realistic alternative but to do so.
Auditor's responslbilities for the audit of the flnanclal 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 (UK) will always detect a material misstatement when it exists.
Mi551atemenls can arise from fraud or error and are considered malerial if, individually or in the
aggregate, they Gould reasonably be expected to influence the economic decision5 of users taken on
the basis of these financial slatemenls.
I rregularilies, including fraud. are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities. oullined above. lo detect material misstatements in respect
of irregularities, including fraud. The extent to vthich our procedures are capable of detecting
irregularities, including fraud is detailed below..
Because of the inherent limitations of an audit. Ihere is a risk thal we will not delect all irregularities,
including those leading lo a material misstalemenl in the financial statements or non-compliance with
regulation. This risk increases the More that compliante vnth a law or regulation is removed from the
events and transactions reflected in the financial slalements, as we will be less likely to become aware
of instances of non-compliance. The risk is also greater 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 wth ISAS (UK). we exercise professional judgment and maintain
professional s¢epiicism throughout the audit. We also..
Identify and assess the risk5 of material misslatement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive lo those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery. intentional omissions, misrepresenlations, or the override
of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedure$
that are appropriate in Ihe circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the internal control.
Evaluate the appropriateness of accounling policies used and the reasonableness of accounting
estirnates and related disclosures made by the trustees.
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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
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 uncertainly exists related to Èveiils
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 lo draw altenlion in our auditor's
report to the related disclosures in the financial slatemenl5 or. if such disclosures are inadequate,
to modify our opinion. Our conclusions are based on the audit evidence obtained up lo 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 pre5entalion. structure and content of Ihe financial statements, including the
disclosures, and whether the financial slalemenls represent the underlying transactions and events
in a manner Ihal achieves fair presentation.
We cornmunicate with those charged wilh governance regarding, among other matters, the planned
scope and liming of the audit and signifiGant audit findings. including any significant deficiencies in
internal control that we idenlify during our audit.
Use of our report
This report is made solely to 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 to the charity's
members those matlers we are required lo 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 lo anyone other than
the charity and the charity's members as a body. for our audit work, for this report, or for the opinions
we have formed.
Alistair Sterritt (Senior Statutory Auditor)
For and on behalf of
Donaldson & Thompson
Chartered Accountants & statutory audltor
3 Limavady Road
Londonderry
BT47 6JU
29th June 2023
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