COMPANY REGISTRATION NUMBER: N1603999
CHARITY REGISTRATION NUMBER: NIC107433
Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Financial Statements
30th September 2023
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 2023
Page
Trustees. annual report (incorporating the directors, report)
Independent auditor's report to the members
Statement of financial activities (including income and
expenditure account)
12
Statement of financial position
13
Statement of cash flows
14
Notes to the financial statements
15

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directors, Report)
Year ended 30th September 2023
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 2023.
Reference and administrative details
Registered chartty name
Limavady Community Development Initiative Ltd
Charity registration number
NIC1 D7433
Company registration number N1603999
Piincipal office and registered 24D Benevenagh Drive
office
Limavady
Co Londonderry
BT49 OAQ
The trustees
Keith Leighton
John VIAlson
Maureen Hudson
Ann McNickle
Gwyneth McQuiston
Deborah Mills
James Herron
(Retired 3rd October 2022)
Chief Executive
Wendy McAieese (Interim)
to 5th May 2022
Jill Proctor
5th May 2022 to 7th November 2022
Olivia Mccurry
23rd January 2023
Auditor
Donaldson & Thompson
Chartered Accountants & statutory audttor
3 Limavady Road
Londonderry
BT47 6JU
Bankers
Bank of Ireland
2 The Diamond
Coleraine
Co Londondery
BT52 1DE
Solicitors
Martin King French & Ingram LLP
52 Catherine Street
Limavady
Co Londonderry
BT49 9DB

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directors. Report) (contlnued)
Year ended 30th September 2023
Structure> governance and management
The organisation is a charitable company limited by guarantee, incorporated on 6th August 2010 and
accepted as a charity by HM Revenue & Customs. ieference 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.
Commitiee Induction and Training-. New Executive Committee members undergo induction training to
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
organisational structure and key organisational activities. Executive Committee members are provided
with copies of the NICVA Governance Manual which includes the Memorandum and Articles of
Association, Role Descriptions for Office Bearers and Committee members and Sub Committees,
Finance Procedures and the Equal Opportunities Policy.
Organisational Structure.. The Executive Committee ensures the good governance of the organisation
by setting its 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 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 General Manager, appointed by the Committee, 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 operational 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 (LCDI)objectives are to advance
community 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 to promote religious and racial hamiony, equality and diversity.
Strategic report
The following sections for achievements and perfomiance and financial review form the strategic report
of the charity.

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directors, Report) (eofttlnuéd)
Year ended 30th September 2023
Achievements and perfomiance
LCDI have just commissioned Courtney Consultancy to prepare a new strategic plan for 2024-2028.
Environmental Programmes
Recycle @LCDI is an environmental project which diverts waste from landfill, supports the local
communty and local jobs. promotes recycling and our free collection service of preloved fumtture
donations helps prevent fly tipping. During the accounting period October 2022 to September 2023 we
have diverted 400 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 reaming disabilities, allowing them to participate in
a range of horticuttural activities and providing respite for clients, families and carers. The project
operates Monday- Friday and during the accounting period October 2022 to September 2023 provided
16,000 hours of supported work experience for our clients.
Family Support Programmes
Wrap Around School Provision @ LCDI- is a cross community-based afterschool's project providing
wrap around outofschool. During the accounting period October2022 to September2023 we provided
20,000 hours of affordable childcare, offering full day care during school holiday to up to 48 children.
Playgroup@ LCDI.. is a community-based playgroup providing a pre-school session 5 mornings a week
from 8.30am
noon {24 Spa￿S) which follow the pre-school curriculum. The project is inspected
annually by Social Services and ETI and provide 18,00 hours of care per year.
Lrfestart @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 growng child programme along
wth our Family Support sessions and parent and toddler group delivered 1000 hours during the
accounting period October 2022 to September 2023. 'The Growing Child. programme provides advice,
guidance, early intervention and signposting seNices.
Good Moming Roe Valley @ LCDI is a project delivering a daily telephone call to older people around
the borough who may otherwise hearfrom no one on a regular basis. The projectis a signposting seNice
as well and is a good friend to 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 2022 to September 2023,
the project continues to make an average 40 calls per day which amounted to 10,000 calls to to local
older people being undertaken during the year.

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directors. Report) {continuedJ
Year ended 30th September 2023
Achievements and performance (contlnued)
Communty Meals @ LCDI provides a nutritionally balanced meal along with a range support seNices
both on and off site the later only being possible thanks to the volunteers helping to deliver the setvice.
During the accounting period of October2021 to September2022 an average of150 meals are delivered
weekly. This would equate to an average of 650 meals per month. totalling 7,800 meals for the
accounting period.
Daycare @LCDI provides physical. mental and social support for 15 physically disabled adults in the
Limavady Borough between the ages of 18-65yrs. This is achieved through client led projects which
educate. inform, stimulate and entertain as well as providing much needed respite. The centre also
promotes Disability Awareness and helps members develop liFe skills. This ultimately improves quality
of life for members and provides opportunities for interaction and socialisation which is critical for
individual health and wellbeing. The project provides morethan 10.500 hours and promotes integrats-on
in the community though projects such as the Christmas Soiree, Summer BBQ Banquets and regular
outings.
Community Cohesion Programmes
The Volunteer Centre @LCDI provides developmental supports a range of volunteers in the Greater
Limavady Area, supporting them make a difference to their local community.
During the accounting period October 2022 to September 2023, 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 to strength, engaging local women from across the community in several
different developmental facilitated workshops. During the accounting period October 2022 - September
2023 3,000 hours of developmental support were delivered.
R.E.A.C.H- Is a programme designed to provide a social framework for adults living wth a learning
disability. During the accounting period October 2022 - September 2023 2,000 hours of developmental
support were delivered.
Community Cohesion events LCDI.. The status of LCDI as a cross community organisation located in a
shared space means that the organisation can run events throughout the yearwhich bring communities
from throughout the locality together regardless of community. social or financial background. During
the accounting period October 2022 to September 2023, 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 communty
organisations to support them undertake their services. During the accounting period October 2022 to
September 2023, 400 individuals availed of a range of training including first aid, child protection. food
safety and Hygiene, govemance, and volunteer management.
E.Q.U.A.L@LCDI is a training and support programme designed to provide adults wth 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 2022 to March 2023. Unfortunately ESF
funding for this project Geased which resulted in job losses. Recognising the huge need within the local
community the Trustees that LCDI would self-ftjnd the continued delivery of these vital services, albeit
on a reduced level.

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directors. Report) (continued)
Year ended 30th September 2023
Achievèments and perforniance (continued)
Anti-Poverty Programmes
The foodbank was extremely busy during the accounting period October 2022 to September 2023 and
has continued to be managed by LCDI staff & Volunteers. LCDI Foodbank accept referrals from any
statutory or communitylvoluntary sector agency with referrals also coming from GP'S, childcare
providers or housing associations. During the accounting period October 2022 to September 2023 the
foodbank provided 480 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 2022 to September 2023 have helped 160
families in their joumey out of food poverty, with a an ever growng waiting list. and re-directed 10 tons
of food waste from landfill.
We supported 48 volunteers who gave 2340 hours oftheir time to the programme. The social
supermarket charges a nominal fee of £5 perfamily per weekThe clients will embark on a journey not
only addressing the food poverty, but will also attend cookery dasses, budgeting classes and will have
an opportunity to gain valuable work experience to encourage them to move into further training or
employment.
This Project has no core funding, but is funded through council in different forms. Grant applications for
the project is also essential.
Donations from within the communty and local businesses sustain the projecl day to day, and so
engagement within the communty and PR is very important, helping us stock shelves and maintain
supplies.
Milk, Eggs, Cheese etc. are purchased weekly which runs to about £5000 per year alone. this is funded
directly from LCDI.
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 2022 to September 2023 the programme supported 48 volunteers and 2000 hours of
volunteering
Fuel stamp saving Scheme @LCDI is a project delivering in partnership with the Causeway Coast and
Glens Council. a seNice which allows residents to save towards their heating bills During the accounting
pertod October2022 to September 2023 140,000 individual stamps wth a cumulative value of £700.000
were saved by residents who were budgeting to avoid fuel povety. LCDI engaged with 70 outlets across
the council area to ensure the scheme was accessible to all.
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.

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directors. Report) (contlnued)
Year ended 30th September 2023
Financial review (continued)
Reserves Policy.. Unrestricted ￿ndS 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 grdnt environment as well as 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 al the approval of the Executive Committee which will examine the rationale
for doing so and agree an amount where appropriate. At 30th September 2023, the level of 'Yree
reserves" excluding fixed assets and designated funds was £207,025. While this is below our ideal
reserve level it does allowfor liquidity and we intend to develop further reserves in the coming years
Plans forfuture 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 to prepare financial statements for each year which give
true and fair view of the state 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 methods and principles in the applicable Charities SORP;
make judgments and accounting estimates that are reasonable and prudent.
state whelher 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 it 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 accuracy at 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 85
trustees of the charity.

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directors. Report) (continued)
Year ended 30th September 2023
Auditor
Each of the persons who is a trustee at 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'5 auditor is
unaware" and
they have taken all steps that they ought to have taken as a trustee to make themselves aware of
any relevant audit infomiation and to establish that the charity's auditor is aware of that information.
A resolution to reappoint Donaldson &Thompson as auditors will be proposed atthe forthcoming Annual
General Meeting.
The trustees, annual report (incorporating the directors, report) and the strategic report were approved
on 27th June 2024 and signed on behalf of the board of trustees by..
£e4Akn
Keith Leighton
Trustee
John Wi150n
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 2023
Opinion
We have audited the Iinancial statements of Limavady Communty Development Initiative Ltd (the
'charity') for the year ended 30th September 2023 Mthich comprise the statement of financial activities
(induding incotne 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 preparation 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 state of the charity's affairs as at 30th September 2023 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 Stsndards on Auditing (UK) (ISAS (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 reporL 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 wth 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 concem
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 condrtions that. individually or collectively, may cast signrFicant doubt on the charity's ability to
continue as a going con￿rn for a period of at least ￿e1ve months from when the financial ststements
are authorised for issue.
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 2023
Other information
The other information comprises the infomiation 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 explicitFy stated in our report, we do not express any torm of assurance conclusion thereon.
In connection with our audit of the financial statements, our 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 otherwise 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 misstatement in the financial statements or a material
misstatement of the other information. If, based on the work we have perfonned, 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 AGt 2006
In our opinion. based on the work undertaken in the course ofthe audit-
the information given in the trustees, report for the financial year for which the financial statement5
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 exception
In the light ofthe kno￿edge and understanding ofthe charity and its environment obtained in the course
of the audit, we have not identified material misstatements in the trustees, 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 rf, 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 specrfied by law are not made., or
we have not received all the information and explanations we require for our audit.

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 2023
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the
directors for the purposes of company law) are responsible forthe preparation of the financial statements
and for being satisfied that they give a true and fair view, and for such intemal control as the trustees
determine is ne￿SSary 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 concem, disclosing, as applicable, matters related to going concern and using the
going concem basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic altemative but to do so.
Auditovs responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance aboLrt whether the financial statements as a whole
are free from material misstatement, 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.
Misslatements 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 ststements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined 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 to a material misstatement 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 greater regarding irregularities occurring due to fraud
rather than error, as fraud involves intentional concealment, forgery, Gollusion, omission or
misrepresentation.
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain
professional scepticism throughout the audit. We also..
Identity and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perfomi 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
detecting a material mi5Statement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresental-ons, or the override
of intemal Gontrol.
Obtain an understanding of intemal control relevant to 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.
10

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Independent Auditor's Report to the Members of Limavady Community
Development Initiative Ltd (continuedj
Year ended 30th September 2023
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 exist5 related to events
or conditions that may cast signrficant doubt on the charity's ability to continue as a going concern.
Ifwe condude 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. rf such disclosures are inadequate,
to modrfy our opinion. Our conclusions are based on the audit evidence obtained up to the date of
our auditor's report. However, future events or conditions may cause the charity to cease to
continue as a going concem.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, andwhetherthe financial statements representthe underlying transactions and events
in a manner that achieves fair presentation.
We communicate with those charged with govemance 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 to the charity's members, as a body, in accordance with Chapter 3 of Part 16
ofthe Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's
members those matters we are required to stste 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 charity and the charity's members as a body, for our audit work, for this report, or for the opinions
we have fomied.
Alistair Sterritt (Senior Statutory Auditor)
For and on behalf of
Donaldson & Thompson
Chartered Accountants & statutory auditor
3 Limavady Road
Londonderry
BT47 6JU
27th June 2024
11

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
statement of Financial Activities
(including income and expenditure account)
Year ended 30th September 2023
2023
Restricted
funds Total funds
2022
Unrestricted
funds
Total funds
Nots
Income and endowments
Donations and legacies
Charitable activities
Investment income
8,887
550.142
13
36,087
217,847
61
44,974
767,989
74
21,214
978,728
67
Total income
559,042
253,995
813,037
1.000,009
Expenditure
Expenditure on charitable activities
Total expenditure
9.10
624,115
212,934
837,049
931,451
624,115
212,934
837,049
931,451
Net {expenditure)lincome and net
movement in funds
(65,073)
41,061
(24,012)
68,558
Reconciliation of funds
Total funds brought forward
Total funds carried forrtard
832,850
440,794
1,273,644
1,249,632
1,205,086
767,777
481.855
1,273,644
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 15 to 28 fomi part ofthese financial statements.
12

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
statement of Financial Position
30th September 2023
2023
2022
Note
Fixed assets
Tangible fixed assets
13
248,606
268.272
Current assets
Debtors
Cash at bank and in hand
14
144,012
1.545,693
192,209
1,534,337
1,689,705
1,726,546
Creditors- amounts falling due within one year
Net current assets
16
688,679
721,174
1.001,026
1.005.372
Total assets less current liabilities
1,249,632
1,273.644
Net assets
1,249,632
1.273.644
Fund5 of the charity
Restricted funds
Unrestricted funds
481,855
767,777
440,794
832,850
Total charity funds
18
1,249,632
1,273,644
These financial statements were approved by the board of trustees and authorised for issue on 27th
June 2024, and are signed on behalf of the board by..
Jokn
KeFth Leighton
Trustee
John Wilson
Trustee
The notes on pages 15 to 28 form part of these financial statements.
13

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
statement of Cash Flows
Year ended 30th September 2023
2023
2022
Note
Cash flows from operating activities
Net (expenditure)fincome
(24,012)
68,558
Adjustments fi?r
Depreciation of tangible fixed assets
Other interest receivable and similar income
Interest payable and similar charges
Accrued (income)lexpenses
26,491
(74)
3,889
(4.277)
27.482
(67)
3.642
94.106
Changes in."
Trade and other debtors
Trade and other creditors
48,197
(26,134)
24,080
(48,049)
34,371
Cash generated from operations
180,043
Interest paid
Interest reGeived
(3.889)
74
(3,642)
67
Net cash from operating activities
20,265
176,468
Cash flows from investlng activities
Purchase oftangible assets
Net cash used in investing activities
(6.825)
(6,825)
(9,062)
(9,062)
Cash flows from financing activities
Proceeds from borrowings
Net cash used in financing activities
(16,116)
(16,116)
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
13,440
1,528,531
151,290
1,377,241
1.528,531
15 1,541,971
The notes on pages 15 to 28 form part of these financSal statements.
14

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30th September 2023
General information
The charity is a public benefft 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 Londondery. BT49 OAQ.
Statement of compliance
These financial ststements have been prepared in compliance with FRS 102. 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the 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 (FRS 102) (Charities
SORP {FRS 102)} and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial ststements 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 expendrture.
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 estimation uncertainty
The preparation of the financial statements requires management 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 accounting
Unrestricted funds are available for use at the discretion of the trustees to 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.
15

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (contlnuéd)
Year ended 30th September 2023
Accounting policies (continued)
Incoming resources
Income
All income is included in the statement of financial activities when the charity is entitled to the
income, any perfomiance related conditions attached have been met or 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 full in the Statement of Financial Activities when receivable. Where legacies have been
notified to the charity but the criteria for income recognits-on have not been met, 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 Gharity, are reGognised when the charity becomes
unconditionally entitled to the grant.
Donated seNices and facilitie5 are included atthe value to the charity. being the amountthe 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 activrty is accounted for when eamed.
Income from grants, where related to perfomiance and specific deliverables, are accounted for as
the charity eams the right to consideration by its performance.
Resources expended
Expenditure
Expenditure is recognised on an aGcTuals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
Costs of raising fijnds comprise the costs associated with attracting donations, grants and legacies
and the costs of trading for fundraising purposes.
Chaiitable expenditure comprises those costs incu￿ed by the charity in the delivery of its activities
and services for its beneficiaries. It includes both costs that can be allocated directly to such
activrties 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 be￿een the expenditure categories of the SOFA on a basis designed to
reflect the use of the resource. Costs relating to a particular activily are allocated directly. others
are apportioned on an appropriate basis, as set out in the notes to the accounts.
16

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (COFJiinued)
Year ended 30th September 2023
Accounting policies fcontlnued)
Tangible assets
All fixed assets are initially recorded at cost less accumulated depreciation and accumulated
impairment loss. Cost includes all costs that are directly attributable to bringing the asset into
working condition for its intended use.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over the useful economic lrfe of that asset as follows-.
Freehold propety
Motor vehicles
Equipment
2°A straight line
25 % reducing balance
10 /0 Straight line
Impaimient of fixed assets
A review for indicators of impaim)ent 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 impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to 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-generating 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 groups of assets.
For impaimient testing of goodwill, the goodwll acquired in a business Gombination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
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 to the
contractual provisions of the instrument.
Basic financial instruments are inttially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or 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 at fair value wtth changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impaimient.
17

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30th September 2023
Accounting policies (eontlftued)
Flnancial instrnments (cortllnued)
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset Is deferred beyond normal business 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 at a market rate of interest for a similar debt instrument.
otherfinancial 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 at 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 equty 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 characteristics.
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 contrlbution 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 to the extent that
the prepayment will lead to a reduction in fvture payments or a cash refund. ContribLrtions to
defined contribution plans and associated liabilities are allocated to activities and be￿een
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 to 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 cease5 to be a member.
18

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (contintsedj
Year ended 30th September 2023
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Donations - Daycare Services
Donations- After Schools
Donations - Social Economy
Donations - Volunteer Bureau
Donations- Volunteer Bureau No 2 Foodbank
Donations- Overheads
Donations- Advice
4,637
4.637
200
200
9.600
26.487
4.050
9,600
26,487
4,050
8.887
36,087
44.974
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Donations
Donations- Daycare SeNices
Donations- After Schools
Donations - Social Economy
Donations - Volunteer Bureau
Donations- Volunteer Bureau No 2 Foodbank
Donations - Overheads
Donations- Advice
3,836
1,155
3,836
1,155
14,106
14,106
1,219
898
1,219
700
198
6,910
14,304
21,214
19

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30th September 2023
Charitable actlvities
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Other income from charitable activities - Lrfestart
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 - Social
Economy
other income from charitable activities - Elderly
Services
other income from charitable activities - Community
Transport
other income from charitable activities- Refumish-
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 from 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 activities - Equal
Project
Other income from charitable activities - Reach &
Hen's Shed
13,980
13.980
73,280
61,231
73,280
61,231
102,420
102.420
19,480
19,480
19,463
19,463
20,959
20,959
56,527
56,527
31,565
31,565
26.934
88,832
26,934
88,832
25,025
25,025
4.003
4,003
64.597
64,597
6,607
6,607
13.734
13,734
132.663
132.663
6.689
6.689
550.142
217,847
767.989
20

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30th September 2023
Charitable activities (continued)
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Other income from charitable activities - Lifestart
Other income from charitable activtties- Daycare
Services
other income from charitable activities - Play Group
Other income from charitable activtties - After
Schools
Other income from charitable activities - Social
Economy
other income from charitable activities - Elderly
Services
Other inwme from Gharitable activities- Communty
Transport
Other income from charitable activities - Refurnish -
Limavady Shop
Other income from charitable activities - Glasslcard
Recyciing
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 from charilable activities - Community
Works Training
other income from charitable activities - Volunteer
Bureau
Other income from charitable activities - Volunteer
Bureau No 2
Other income from charitsble activities - Family
Centre
Other income from charitsble 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
8,142
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
Investment income
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Bank interest receivable - Unrestricted funds
Bank interest receivable - Restricted funds
13
13
61
61
13
61
74
21

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 30th September 2023
Investment income (eontlnuèd)
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Bank interest receivable - Unrestricted funds
Bank interest receivable - Restricted fvnds
61
61
61
67
Income by funder
2023
After School Fees- Parents
Contributions
Arts Council
Causeway Coast & Glens
Borough Council
Coast
Community Development &
Health Ne￿Ork
Community Foundation
Northem Ireland
Department for Communities
European Social Funds
Glenshane Care Association
Mini Bus Invoices
Other Income & Donations
Pathways Fund
Public Donation
Refumish Limavady
Social Economy
The Juila and Hans Rausing
Trust Fund
The National Lottery
Western Education & Library
Board
Western Health & Social Care
Trust
Amounts Deferred
101,379
2.970
73,896
1,550
9.600
5,000
63,646
161,850
1,300
7,450
50,817
13,980
10,456
56,335
62,688
6,607
10,000
58,847
108,482
6,184
813.037
22

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (conllnued)
Year ended 30th September 2023
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Lifestart
Daycare seNices
Playgroup
Afterschools
Social Economy
stepchange
Elderly services
LCDI Community Transport
Limavady Volunteer Centre
LCDI- Roevalley Food bank & SoGial Inclusion
Programmes
Refurnish- Limavady shop
Glass I Card recycling
Garden centre l Greenshed
Overheads
Fuels Stamps 2
Advice
AIVC- Small grants
Community Works training
Peace IV
Family Centre
Pay Plan
Equal Project
Reach & Hen's Shed
9,334
9,334
105,035
55,345
144,672
28,559
105,035
55,345
144,672
28,559
8,084
27,984
8,084
27,984
50.329
50,329
33,320
33,320
61.006
35.252
5,813
113,773
10,159
61,006
35,252
5,813
113,773
10,159
4,418
4,418
18,090
18,090
109,792
109,792
16.084
16,084
624,115
212,934
837,049
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Lifestart
Daycare services
Playgroup
Atterschools
Social Economy
Stepchange
Elderly services
LCDI Community Transport
Limavady Volunteer Centre
LCDI- Roevalley Food bank & Social Inclusion
Programmes
Refumish- Limavady shop
Glass I Card recycling
Garden centre l Greenshed
Overheads
Fuels Stamps 2
Advice
AIVC- Small grants
Community Works training
32,788
32,788
98,054
74,123
145,200
98.054
74,123
145,200
6,569
4.598
22,920
6,569
4,598
22,920
74,954
74,954
45,147
45.147
11.879
14.034
60,941
11,525
6,398
88,697
512
2,925
11,879
14,034
60,941
11,525
6,398
88,697
512
2,925
23

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Ststements (eontinued)
Year ended 30th September 2023
Peace IV
Family Centre
Pay Plan
Equal Project
Reach & Hen's Shed
38
38
12.195
1.525
183,463
32,966
12,195
1,525
109,900
32,964
73,565
609,864
321,587
931,451
10. Expenditure on charitable activities by activity type
Activits-es
undertaken Total fund5
directly
2023
Total fund
2022
Lifestart
Daycare services
Playgroup
Afterschools
Social Economy
stepchange
ElderSy services
LCDI Community Transport
Limavady Volunteer Centre
LCDI- Roevalley Food bank & Social Inclusion
Programmes
Refumish - Limavady shop
Glass I Card recycling
Garden centre l Greenshed
Overheads
Fuels Stamps 2
Advice
AIVC - Small grants
Community Works training
Peace IV
Family Centre
Pay Plan
Equal Project
Reach & Hen's Shed
9,334
105,035
55,345
144,672
28,559
9,334
105,035
55,345
144,672
28,559
32,788
98,054
74.123
145,200
6,569
4,598
22,920
74,954
8,084
27,984
50,329
8,084
27,984
50,329
33,320
61,006
35,252
5,813
113,773
10,159
33,320
61,006
35,252
5,813
113,773
10,159
45,147
11,879
14,034
60,941
11,525
6,398
88,697
512
2,925
38
12,195
1,525
183.463
32.966
4,418
4,418
18,090
18,090
109,792
16,084
109.792
16.084
837,049
837,049
931,451
11. Net {expenditure}fincome
Net (expendilure)fincome is stated after chargingl(crediting)'.
2023
2022
Depreciation of tsngible fixed assets
26,491
27,482
24

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (conlinued)
Year ended 30th September 2023
12. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2023
2022
Wages and salaries
Social security costs
Employer contributions to pension plans
Other employee benefits
552,421
28.617
7.941
590,949
34,225
9,409
1,301
588.979
635,884
The average head count of employees during the year was 37 (2022.. 41). The average number of
full-time equivalent employees during the year is analysed as follows..
2023
2022
Number of staff -
37
41
No employee received employee benefits of more than £60,000 during the year (2022- Nil).
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 to key
management personnel for seNices provided to the charity was £51,982 (2022.. £64,572).
13. Tangible fixed assets
Land and
bLFildings
Motor
vehicles
Equipment
Total
Cost
At 1 Oct 2022
Additions
199.982
75,520
195.103
6,825
470,605
6,825
At 30 Sep 2023
Depreciation
At 1 Oct 2022
Charge for the year
At 30 Sep 2023
199.982
75,520
201,928
477,430
44.019
4,049
57,600
4.480
100,714
17,962
202,333
26,491
48,068
62,080
118,676
228,824
Carrying amount
At 30 Sep 2023
151,914
13,440
83.252
248,606
At 30 Sep 2022
155.963
17,920
94,389
268,272
25

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30th September 2023
14. Debtors
2023
2022
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income
Other debtors
90,774
24,100
21,076
8,062
108,352
26.259
21,291
36,307
144.012
192,209
15. Cash and cash equivalents
Cash and cash equivalents comprise the following=
2023
2022
Cash at bank and in hand
Bank overdrafts
1,545,693
(3,722)
1,541,971
1,534,337
15,806)
1,528,531
16. Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
Trade creditors
Accruals and deferred income
Social security and other taxes
other creditors
3,722
33,082
580,888
7,154
63.833
5,806
57,572
585,165
7,745
64,886
688,679
721,174
17. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution
plans was £7.941 {2022.' £9,409).
26

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30th September 2023
18. Analysis of charitable funds
Unrestricted funds
At
1 Oct 2022
At
Income Expenditure 30 Sep 2023
General funds
Designated Funds
487,850
345.000
559.042
(624.115)
422.777
345,000
832.850
559,042
(624.115)
767,777
At
1 Oct 2021
At
Income Expenditure 30 Sep 2022
General funds
Designated Funds
896,282
201,432
345,000
(609,864)
487,850
345,000
896,282
546,432
(609,864)
832,850
Restricted funds
At
1 Oct 2022
At
Income Expenditure 30 Sep 2023
Restricted Funds
440,794
253,995
{212,934)
481,855
At
1 Oct 2021
At
Income Expenditure 30 Sep 2022
Restricted Funds -
308,804
453,577
(321,587)
440,794
19. Analysis of nat assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
215,752
637,288
(85,263)
32,854
1.052.417
(603,416)
481.855
248.606
1,689,705
(688.679
767.777
1,249.632
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
230,516
711,517
(109,183)
37,756
268,272
1,015,029
1,726,546
(611,991) (721,174)
440.794
1.273,644
832.850
27

Limavady Community Development Initiative Ltd
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlnued)
Year ended 30th September 2023
20. Ethical standards
In 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 2022 Cash dows 30 Sep 2023
Cash at bank and in hand
Bank overdrafts
1.534,337
(5,806)
1,528,531
11.356
2,084
1,545,693
(3.722)
1,541,971
13,440
22. Related parties
Limavady Community Development Initiative Limited (LCDI Ltd) is the sole member of Roe Valley
Community Property Limited (RVCP Ltd). a company limited by guarantee, incorporated in
Northem Ireland.
RVCP Ltd provided catering ServI￿S to the value of £11,871 (2022.. £12,161) to LCDI Ltd during
the year ended 30 September 2023. There was a balance of £1,909 (2022: £Nil) owed to RVCP
Ltd from LCDI Ltd at 30 September 2023.
During the year ended 30 September 2023, LCDI Ltd was charged a total of £21,162 (2022:
£19,429) in respect of rent, service charges and other services by RVCP Ltd. At 30 September
2023, the amount due from RVCP Ltd in relation to rent. service charges and other services was
£250 (2022: £Nil).
23. Designated funds
Designated funds, as disclosed within the Analysis of Charitable Funds note. refers to 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.
28