COMPANY REGISTRATION NUMBER.. N1603999 CHARITY REGISTRATION NUMBER.. NIC107433 Limavady Community Development Initiative Ltd Company Llmlted by Guarantee Financial Statements 30th September 2025 Chartered Accountants & statutory auditor 3 Limavady Road Londonderry BT47 6JU
Limavady Community Development Initiative Ltd Company Lim5ted by Guarantee Flnanclal SL*ements Year ended 30th September 2025 Page Trustees, annual report (incorporating the directors. report) Independent auditols report to the members ststement of financial activiti8s (including income and expenditure accounll 12 Statement of flnancial position 13 ststement 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 2025 The trustees, who are also the dSrecloTS for the purposes of company Lsw, present their report and the financial statements of the charfty for the year ended 30th SepternbeT 2025. Reference and administrativ• d•tslls Registered charity nam• Limavady Community Development Initiative Ltd Charfty r•gl8tratlon number NIC107433 Company r•qlJtratlon numb•r N1603999 PrSn¢lpal Offi and reglst•r•d 24D Benevenagh Drfvg offlc• Llmavady Co Londonde BT49 OAQ The tru*t••• KeSth Lolghton John Wilson Ann McNickl8 Gwynelh McQulston Deborah Mills Jame8 Herron Chl•f Ex•cutlve Richord sMh Audltor Oonaldson & Thompson Chartered Accountants & statutory auditor 3 Llmavady Road Londonderry 8T47 6JU 8ank•r• Bank of Ireland 2 The Dlamoné Coleraine Co Londond•ry BT52 1 DE Sollcltors M8rtSn lang French & Ingram LLP 52 Calhenne Slreel Limavady Co Londonderry BT49 9D8
Limavady Community Development Initiative Ltd Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) 16onllnuedJ Year ended 30th September 2025 Structure. govgrnanc• and management The organlsatlon is a charitable company limited by gu8rant88, incorporated on 6th August 2010 8nd accepted as 8 charfty by HM Revenue & Customs, reference number XR52185. The company w8S 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 csf the company being wound up members are required to contribute an amount not èxceeding £1. Appointment of Exècullve Committee.. LCOI is govemed by an Executiv& Cornmittee elected by Its Members on an annual basls. Comrnitt8e Induction and Training.. New Executive Commrttee members untlergo induction Ir8ining to brief them on roles and resp)nslbilities and their legal obligations und8r ch8rity 8nd company18w, the commlttee and the dec15ion-maklng processes, the gtrateglc and operational planning processes. the organisational structure and key organisatsonal activities. Execub've Committe8 memb8rs are provid8d with copias ol the NICVA Governance Manual which includes th8 M&morandurn and A'claS of Association, Rde Descrlpllons lor Office Bearers and Committge members and Sub Committees. Finance Proc8dures and the Equal Opportunllles Pollcy. Organbsational Structur8.' Tha Executive Commtee 8n8ur6s the good governance of Ihe organlsallon by setting ils straleglc oblectives and policy dlr&cUon through LCDI'S three-year slral8glc plan and monitoring progress on this through thg annual operational planning process. The Committee meets every two monlhg and the Finance and Resource SU1 Committees which deal with the human and rinancial rosources of the organi3alion meet on &monthly basis. The General Manag8r, gppolnt8d by the Commlttee, manages the day to day operallons of the organisalion. To facilitate effectlve operalSons, the General Manager has delegated aulhorSty for op8rational matters including the application and monitoring of $lralggic and opgralional objects'vgs. Ralatad Parties.. LCDI is an independent organisation and therefore all operations are carried out in occordance wlth Ihls. Risk Management.. FlnBnclal risks are 9gsess8d by the org8nlsatlon through the Resources CommSttee on a quarterly and annual ba818, Obl•etlv•s and actlvltle• Princlp81 activllle5'. Llmavady Community Development Inilialj've ILCDllobjgdve$ ar¥ to adv8nc• community development by provlding facSlllles and amenlles for and support and asslslance lo. ornmunity and volvntary groups and organisations. Advance health and well-being rBlieve poverty, advance education, relieve those in need by reason of youth, age, ill-health, disability, financial hardship or other disadv8ntage, advance the arts. culture and heritage. provide facilrties in the interest of social welfare tor roaclion and other leisure lirne occupations wlh the object of improving the conditions of life for the said residents and finally lo promote religious and racial hamiony. aquality and diversity. AchSovements and p•rtOrnlon¢e LCDI hav8 commissioned Courtney Consultancy lo prepare a new strategic plan for 2024-2028.
Limavady Community Development Initiative Ltd Company Limited by Guarant88 Trustees. Annual Report (InGorporating the Directors. Report) Iconiinu•d) Year ended 30th September 2025 Achlevements and perfomianc• {conlinu¢d) Environmental Programmes Recycle @LCDI Is an envlronmental project which diverts waste from 18ndfill, supports thè Ioc81 communily and local Sobs, prornoles recycllng and our free llectIon setvice of preloved fumfture donations hèlps prèvent fly lipping. During the accounting p8riod OCtor 2024 to September 2025 we have diverted 400 lonn8s of waste from landfill and have completed more than 1500 coll•cb.s and deliveries. A SLA wth local manufacturer, Fast House has contributed greatly to these figures. Garden Centre @ LCDI Is a partnershlp beeen LCDI and Ihg Westem Health & Social CBre Trust.11 provides a day opportunity for 15 adults with various learning disabiliti8s, ollowing them lo participate in rang8 of horCUltural advlles 8nd provlding respite for cllents, famllles and c8rers. The project operates Monday- FrSday and durlng the accounts'ng perlod October 2024 to September 2025 provlded 16,000 hours ol supported work experience for our clionts. Tho G8rd8n Cèntrè projecl h85 recendy received oddition81 investment from the Western Trust to install a new c8ntral hub in the lomi of a new bespoke meeting cabln contalnlng a new sulte of offices and a¢cesslble loilet8. It 18 hoped Ihat this 118ncourage incroaS8d participation from new dients identifled by th8 Trust. Family Support Pro9ramm8s Wrap Around School Provision LCDI: Is a cross comrnunltbased afterschool'8 prolect provldlng wrap around out of school. Durfng the accounting perfod October 2024 to September 2025 we provided 19,000 hours ol affordable childcare, offering full day care during school holiday to up to 48 children. Playgroup@ LCOI.. Is 8 communlty-b8sed pl3ygroup pro¥Ading a pre-school s¢$$ion 5 moming$ 8 week from 8.30am noon 124 spaces) thlch follow the pre-school curriculum. The project Is Inspected annually by Social Services and ETI and provide 18,000 hours of care per year. Recently the project has been selocled lo participate in the next round of StandBrdisatlon whlch allows for a further 1 hour per sthool day as well as the proviylon of a hot lunch. Llfeslart @LCDI Is a family support programrne for parents of chlldren aged behveen birth and five years, which focuses on child development, nurture, and protection. OUT growing child programme along with our Famlly Support sesslons and parenl and toddler group dellvered 1000 hours duTlng tho accounts'ng period October 2024 to September 2025. The Growing Chlld, pfogramrne provides advice, guid8nce, early Intervention and signposb'ng services. Good Moming Roe Valley @ LCDI is a projecl delivering a daily talèphonè c211 lo older people around the borough who may olherwse hear from no one on a rggular basi$. The prolect is a slgnpostlng 58rvlce as well and Is 8 good friend lo the wder famity circle of its cliants as th8y know ihat someone will be in touch wlth their loved on8 each day. During the accounting period of Oclober 2024 10 September 2025. the project continues to Fnake an average 40 calls per day whlch amountgd lo 10,QIJO colls lo to local okler people being undertaken during the year.
Limavady Community Development Initiative Ltd Company Llmlted by Guarantee Trustees, Annual Report Ilncorporating the Directors. Report) IMniinu¢d) Year end8d 30th Septsmber 2025 Achlovom•nts and porfomianca {contlnveél Comrnunlty Meals @ LCDI provides a nutritionBlly bBlanc8d meal along wth B range support servlces both on and off site the later only being possible thanks lo the volunteers helping to deliver the servlce. During the accounting period of October 2024 to September 2025 an average of 150 meals are delivered weekly. This would equate lo an average of 650 meals per month. tolalling 7.800 meals for the accounting perlod. Daycare @LCDI PTovides physical, mental and so¢io1 support lor 15 phy3ically disabled adults in the Limavady Borough between the ages of 1845yrs. This is ochieved through dlent led prolecls whlch educate, Inform, stimulate and entertain as well as providing much needed respite. The centre also promot85 Dlsabilily Awareness and h8lps rnemb8rs d8valop Ilfé skills. This ultimately improves quality of life for mernbers and provides opportunits'es for interaction and socialisation which is critical for individual health and wellbeing. Th& project provides mor8 than 10,500 hours and promotes iniegrallon In the community though projects such as the Chrfslmas Solree. Summer 8BQ Banquets and regular outlngs. The project has recently been Tedeslgnaled and can now lacllltsle care for thos6 Ovor 65 years of aga. Comrnunity Cohesion Programme5 The Volunteer Centre @LCDI provSdas devèloprnental supp(¥ts a range of vduntsars in thè Gr8al•r Llm8vady Are8. SUPPOrtlng them make 8 difference to thelr local communlty. During the accounting period Oclober 2024 to September 2025, the wojecl prowded 4,000 hours of dlr8Ct voJunle8r suppofl, engaging 720 individuals. Throu9hout this year the project has increased support further by brokering volunteers and actlvely bringing other communlty organlsation5 together with suitable volunteers by matthing needs. R.E.A.C.H.. Is a programma design8d to provide a social framrk for adults living with a leaming dlsabillty. During the accounting period October 2024 - September 2025 1,000 hours of developmental support Were de15vered. Through the support given by the 88lley F¢Jundallon the project h89 b88n able lo d81iv8r a richgr progr8mm8 of ac15vilies lo all th8 clients. Community Cohesion events LCDI.. The 8lalu8 01 LCDI as 8 eross communlty org8nlsaJon localed In a shared space means thal the organisalion can run evenls throughout th8 yaar which bring communitie5 from Ihrough¢wt the locality together regardless of community, ¥o¢ial or financial background. During the accounting period Octob8r 2024 to Sepl8rnb8r 2025. we ran a large scale Open 8v8nl which attracted 600 partlclpants. Communlty Tr81nlng and Education Communlty Works TraSnlng @LCDI provides affordable prac¢81 trainlng for local communSty organisations lo support them undertak8 their serwces. During the accounting period October 2024 to Seplamb8r 2025, 300 indiw(Juals availed of a range of training includlng lirsl gid, child prot8don, food safety 8nd Hygiene, governance. and volunteer management.
Limavady Community Development Initiative Ltd Company Limited by Guarantee Trustoes. Annual Report (InGorporaling the Directors. Report) (¢onllnu8d) Year ended 30th Septsmber 2025 A¢hlevem¢nts and pgrfomian¢fj (corytlnu•d) Baby Bank Offers pre-loved clothes. nursery equipment and loyE lo f8mllies who 8re partlCiP81ing In our pmgrammes or vtho have been referred through the appropriate channels. Ouring Ihe 8ccounllng period October 2024 to September 2025 the programme supported 48 volunteers and 2000 hours ol vdunteering Fuel stamp savlng Scheme @LCDI is a project delivering in partnarship wSlh th8 Causèway Coa51 and Glens Council, a servlce whlch allows residents to save towards their heallng bllls During Iht accounting pehod October 2024 to September 2025 140.000 individual stamps with a cumulative value of £700,000 were saved by residents who w8r8 budgets'ng io avoid fuel povety. LCDI engaged wSlh 68 oullels across the council area to ensure th8 schéma was aCcessie to all. Antl-Poverty Programmes - The foodbank w89 extremely k$Y durtng the accounllng perfod Octobèr 2024 to S8plember 2025 and has Continugd lo be managod by LCDI slaff & Volunteers. LCDI Foodb8nk accept referrals from any statutory or CDmmLJnitylvolunl8ry sector 8gency with referrals also comSng from GP'S. ¢hild¢are Providers or housing as$ocSalions. During the accounting period October 2024 to September 202S the foodbank provlded 500 emergency food PBrcels. Amll-Pov8ty Prograrnmes The toodbank was extremely busy during the accounting period October 2023 to September 2024 and has conllnu8d to be managed by LCDI staff & Volunteers. LCDI Foodbank accept referrals Irorn any stalutory or ¢ommunltylvolunlary sector agency vAth referr81s also comlng from GP'S, chlldcare providers or housing associations. During the accountiThJ pariod Ociobgr 2024 to Septgmbgr 2025 th8 foodbank provided 500 emergency lood parcels. Soclal Supermarkots 8fter id8ntWng 8 need LCDI 881 up 8 sdf-lundèd soclal supermarket In November 2020 2nd during the accountlng period October 2024 to September 2025 have helped 160 famllies in their journey out of rood povety, wlh a an ever growing wailing Ilst, and re-directed 12 tons ol food wastè from landfill. We supported 48 volunteers who gave 2340 hours of their tlme to the programrne. The s¢xlal supermarket charges 8 noffjin81 fee of £5 per family per weekThe clients will embark on a journey not only addressing thè food povety, bul 11 also attend cookery classes. budgeting classes and will have an opportunity to galn v81uabl8 worff oxperience lo encourage them to move into further troining or employThenl. This Project has no core funding, bul is funded through council in different f0rn15, and this year the council has directly funded LCDI as th8 n8med ijistribulor of support for th8 Limavady Borough. Grant 8ppllcalions for the project is also gssenlial. Donations from wrthln the communlty and local businesses sustain the project day to day. and so engagement within the community and PR is very important, helping us stock shelves and maintain supplies. Milk, Eggs. Cheese etc. are purGhased Week which runs to about £5000 per year alone, this is funded directly from LCDI. Flnanci¥l review The results for the year a containad in the lin8ncial stslements attached.
Limavady Community Development Initiative Ltd Company Llmlted by Guarant88 Trustees. Annual Report (Incorporating the Directors, Report) (¢onllnuedJ Yoar ended 30th September 2025 FSnancial r•vlew l¢onllnued) Investment Policy.. The Resources Sub-ccmmittee has considered the most appropriate policy for Invesfjng funds and decided that a mixture of bank deposit accounts is the best opproach. The Investment policy Is reviewed each year by the Committee. Reserves Policy., Unrestricted fund5 are essential to provide sufficient ftjnds lo cover any unforeseen costs which may arise and fulfil the legal obligations of tha Charity in th8 8vant that current levels of income are not maintained. The reserves policy has been designed to recognise LCDI'S requirements for SeNe9 in1Sghl of the main risks lo the organisabon. The aim is lo provide sufficient funds to cover any unforeseen costs which may arise. recognise the volatile grant enwronment as well as as allowng for the pawnenl ol any liablliles vthich would arise should the Charlty cease lo operate. Any call upon the use of reserves will be al the approval ol the Executtve Committee whith will examine the rallonale for doing so and agree an amount where appropriate. Al 30th September 2025, the level of "free reserves" exduding fixed assets and designated funds was £355,767. While this is below our Ideal resgrve level11 does allow for Ilquidlty and we intend lo devekjp further reserves In the comlng years Plan3 for futur• p•riod• LCDI has a Strategic Plan for tho period 202>2028. We hope Ihls wll allow for further growth and expanslon of our services to help us achlovo our mlsslon. Trustee•. r••pon$lbllltl•• •tat•ment The trustee8, who are also dlrector8 for the purposes of company law, are r83wnslble for preparlng the tru5tees' raport and the financial st8temenls in accordance wilh applic8ble18w and Unitgd Kingdom Accounting Standards (United Klngdom Generally Acceplod Accounling Practi). Company law requlres the ¢h8rfty trustees lo pr8par8 flnandal 8lal8ments fer èach year whl¢h giv8 true and fair vlew of the state of affalrs of the eharllable company and the Sncomlng resources and application of resou¢$, including the Income and expenditure, lor that period. In preparing these financial statements, Iha trusi88s ara r8quir8d to.. select 8ullable 8¢countlng wllcles and then apply them consistently., observe the methods and prindples In the appllcable Chadles SORP; make judgments and accounfjng estlmales that are reasonable and prudent., prepare the financial slatemenlg on the going CCe basis unless It is inappropriate lo presume that the Charity will continue in business. Tho Irusleos 8re respsible for keeping adequate accounting records that are sufficient to show and explain the charity3 transactions and di5ck)5e with Tea50nable accuracy at any lime the financial posth'on of thè ch8dty and enable Ihern lo ensure that the financi31 statements comply with the Companios Act 2006. They ar8 81so responslble for safeguardlng the assets of the charity and henc8 for taking reason8ble steps for the prevenOn and deleclK)n of fraud and other Irregularftles. The charitls trustees are covered by insurance Indemnng them when acttng In their capadty as trustees of thg charily.
Llmavady Community Development Initiative Ltd Company Limited by Guarantee Trustees, Annual Report {In¢orporating the Directors, Report) (MnlTnu•d) Year ended 30th September 2025 Audltor Each of the pgrsons whols a ITuslee al the dale of approval of this report confirms that: so far as they are aware, there Is no relevant audit infomiation of whith the charitys auditor is unaware.. ond they have taken all Steps that they ought lo have taken as a tru$lee lo make themselves aware of any relevant audil infiYmalSon and to establish that the charftys audltor is awBr8 of that Information. A resolution to r¢appolnl Donaldson & Thompson a¥ auditors wlll be proposed al the forthcomlng Annual General Meeting. Small company provi•ions This report has been pr8pared in accordance wlth the provislons applible to companies 8nUfjed lo the small companies exemption. The truslee8' annual report (Incorporating tho directcis, report) was approved on 24th July 2026 and 8ign8d on behalf of the board of trustees by. Jlfi Wi106Y Keith Lelghlon Trusloe John W1150n 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 2025 Opinion We have audilÈd the financial statements of Limavady Community Development Initiative Ltd liha 'charityl for the year ended 30th September 2025 which comprise the statement of financial activities lincluding income 8nd expenditure account), statement of financial Position, stat8m8nt of cash flows and the r•laled notes, Including a summary of significant accounting policias. The f1nanclal reporting framework that has been applied in their preparation is applicable law and United lQngdom Accoijnting Standards. including FRS 102 The Flnancial Reporting Standard appluble in the UK and Republic of Ireland Iunitsd Kingdom Generally Accepted Accounting Praclicel. In our opinion the linancial statements.. give a truè and lair view of the slate of the charills affairs as at 30th September 2025 and of its incoming resources and appllcallon of resources, including its incorne and expenditure, for the year then ended.. hav8 been properly prepared In aCrdan IMth Unltod King¢Jom Gener8lly Accepted AccounUng Practice., have been prepared in accordBncè with the reqU1MentS of the Companles Act 2006. 8a818 for oplnlon We conducted our audlt In accordance with Inlemallonal Standard$ on Audlbng IUKI IISAS IUKII and appllcable law. Our responslbllilles under those standards are further descrlbed Sn the audltorfs responsibilities for th8 audit of thg f1nanc181 statements section of our report. We are independent of the charlty in accordance with the ethical requir•m8nts that are relevant to our audit ol the linanclal Jt8t8ment8 In the UK, Including the FRC'S Ethi1 Standard, and the provlsions available for small ents'lios, in the clrcum5tances sel out b8low, and we have fulfilled our other ethical responsibilities in accordance ¥th Ih8s& requ1mentS. W8 believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our oplnlon. In cownmon wf(h many other businesses of our slze and nature we use our auditc*8 to piepare and submit returns to the tax aulhorrtl8s and assist wlh the preparalis)n of the financl81 sl8temenls. Concluslons r•latlng to golng concern In 8udStlng Ihe flnancial slal8ment5, we hBve concluded th8t the Irustees. use of the golng concern basi$ of accounllng In the preparation of the financial stalements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to events or condition5 that, indildUallY or collectively, may cast signlficant doubt on th8 charitys 8bility lo continue 83 a going concern for a period of at least IP1ve months Irom when Ihe financial statements a 8ulhorl$ed for Issue. Our msponsibilibe5 and the responsibilib'es of th8 trustees wth r8sp8ct lo going concem arè dèscribed in the relevant secuons of thls report.
Limavady Community Development Initiative Ltd Company Llmlted by Guarantee Independent Auditor's Report to the Members of Limavady Community Development Inltlatlve Ltd (conllnued) Year ended 30th September 2025 Other Inforniation The other information comprisès the informats'on induded in the annual report, othgr than the financial statements and OLJr auditor'5 report thereon. The trustees are responsible for the other information. Our opinion on the flnancial statements does not cover the other informatson and, excèpt to th8 8xt8nt oth8M8e explicSlly s18ted In our report, we do not express any form of assurance conclusion Ihereon. In connection with our audit of the financial statements, our responsibilily is lo ad the olhar Information and, in dolng so, conslder ¥thether the other infomialion is materi8lly inconsistent with the rinancial statements or our knowledge obtained in the audit or otherwise appears lo be malerially misstated. 11 we identify such material Inconsistenci8s or apparent material misslalernenls, we are required to d¢lermlne whether there is a material misstatement in the flnancial statements or a m8terlal misstatement of the other informatlon. If, based on th8 Wort wo hav¢ performed, we concludg that there is B materi81 misslalemenl of this Other information. we are required to report that I1. We have nothlng to report in Ihls regard. Opinlon8 on oth•r m•tt•r• prn•crlbod by th• Companl•s Act 2006 In our opinion, based on the work undertaken In the course of the au¢J.. the inf0rn18tlon glvèn In the Irusle8s' report for the flnanclal year fu vthlch the flngncl81 stslemenls ara prepored18 conslstenl wlth the Ilnancial $18lements', and th8 trustees, report has been prepared in accordance with applicable legal r8qulmm8nls. Matt•r• on whlch w• are requ5r•d to r•port by •xe•ptlon In the Ilght of the knoedge and understanding of the charity and Ils environment obtslnèd in the cours• of the audll, we have not identsfied mat8ri91 misstalemenls in th$ Irusl8e8' port. We h8vè nothing lo report in respect of the following matters in r•lalSon t¢ whlch Ihe Companles Act 2006 requlres us to report lo you If. In our opinion.. adequate accountin9 mcords hBVe not been kept, or returns adequate for our audit have not been recelved from branches not vi$ile¢J by us,. or the fin8nci81 stslements are not in agreement wth the accounting records and relurns.. or certaln disdosure$ of trustees, remuneratlon specified by law are not mado,. ¢y heve not rocelved all the Informallon and exF4anatlons we require for our oudll. or the ITUStees were not entiued lo prepare the financial statements in accordance the small companies regime and take 8dvantage of the small compani8s' exemptions in preparing the dlreclors. report and from the requlrement lo ppare a $lr81egic report.
Limavady Community Development Initiative Ltd Company Llmlted by Guarantee Independent Auditorfs Report to the Members of Limavady Community Development Initiative Ltd i¢ontlnue Year ended 30th September 2025 R•spon•ibilitio8 of trustee¥ explained more fully in the trustees, responsibilits'as stat8m8nt. th& trustees (who are also the dlreclors for the purposes of company lawl are responsible for the preparation of the finanaal slalements and for being satisfied that they give a true and fair view. and for such internal control as the trustees determine is necessary to enable the preparaty'on of financial stal8ments that are fre8 from material misstal8ment, vthether due to fraud or error. In preparfng the flnanclal statements, the trustees arg responslble lor agse$$lng the charftys abillty to continue as a going concern, discbsing. as applicable, matters relat&d to going concern and using the going concem basis of accounting unless tt)e Irusl¢es either intend to liquidate the charity or lo c8ase operalSons. or have no re81istiC 8lternative but to do so. Audltovs r•8pon•lbllltl•• for th• audlt ol th• fin*n¢l•l •tat•m•nts Our obl8cllves are lo obtain reasonable assurance about whether the financial statemen15 as a vthole are free from material misslalement. whether due to fraud or error. and to issue an auditor's report that Includes our opinlon. Re880nable assur8n¢a a hlgh Ve1 of assur8n¢e, bul Is not a guarantee th81 an audit conducted In accordance with ISAS IUKI will always detect a malerfal mlsstalemenl when 51 xisls. Misstatements can Bris8 from fraud or 8rror and arè considered mal8rial if, indivtdually or in thè aggregate, they could reasonably be expected lo Infiuence the economic decisions ol users token on the basis of these flnanclal statements. IrregularilSe8. Including fraud, are Instances of non-compliance with laws and regulallons. We deslgn procadur8s in line wlh our r8sponslblllUes, out51ned above, lo de18cI material misstal8m8nts Sn r&specl of irregularities, includlng Ir8ud. The extent to which our proce(lures are capable Df detecting Irregularllles, Includbng fraud Is detailed bg10w'. Because of the Inherent limitations of an audit, there 15 a risk that we wll not delect all irre9ularilie3, includlng Ihose188dlng 10 8 rnaleri81 mlsslalemenl In the fin8ndal st8lèments or non-compliance with regulation. Thls risk Incre8se8 the more that CLynpliance th 8 law or regulatlon Is removed from the events and transactions reflected in the financial stslemenls, as we will be le58 likely lo become aware ol instancas of non-complian¢e. The risk is also greater regarding Irregularities occurring due lo fraud rather than error. as fraud Involves Inlendon81 conce8lmenl, forgery, colluslon, oml$sk)n ¢y miBrepresentalion. As part of an audit in accordance wllh ISAS {UKI, we axercise profasslonal ludgment and malntaln professional sceplirysm throughout the audil. We also.. Id8n(ty and assess the risks of material misstalemenl of the financial slalements, whether due lo fraud or error, design and perf¢mi audll procedur8s responsive lo ihose rS8ks, and obtain audll evidence that Is sufficient and appropriate lo provide a basis for OUT opinion. The risk of not detecting a material mi55talement resulting frun fraud is higher than for one resulting from error, as fr8ud rn3y involve collus•Jn. forgery, intentional omissions, misTepresenlations. OT the override of intemal control. Obtain an understanding of nilern81 control Tr18vanl to the altdil In order to design audlt procedures that are appropriate In tha circuThstanGes, but not fty the purpose of exprassing an opinlon on the effedveness of the Sntemal control. Evaluate the appropriateness of accounting policies usad and the r•asonabl8ness of accounting eslimales and related disclosures made by the trustees. 10
Llmavady Community Development Initiative Ltd Company Limited by Guarantee Independent Auditor's Report to the Members of Limavady Communlty Development Initiative Ltd 16onllntsed) Year ended 30th September 2025 Conclude on the appropriateness of the truslees, use of thè going concern basis of accounting and, baged on the audit evidence obtained, whether a material uncertainty exists related lo events or conditions that may cast significant doubl on the charftls ability to c¢Jnb"nue as a going concèm. If we conclude that a material unc8rtainty exists. we are required lo draw attention in our audi(orfs report lo the related disclosures in the fin8n¢iJl slalernen15 or, if such disclosure5 are Inadequate, lo modify our opinion. Our con¢lusit)ns are based on the audit evidence obtained up lo th8 dale of our auditor's report. However, future events conditions may cause the charity lo cease to conlSnue as a going concern. Evaluate the overall presentation. structure and content of tha flnan¢l81 slalements, including the dlsclosures, 8nd whether Ihg financlol statements repre8enl the undedyng Iran88cUon8 and events In a manner that achleves fair presentatlon. We communicalg wth those charged with govemance regarding. among other matters. the planned scope and tsming of lh8 3udil and slgniflcant audit findin9s. indudlng any slgnSllcanl d8fiu8ncies in Internal control that we Idenllfy durlng our audll. U•• of our report This repcxi is rnade solely lo the charftys member8. 89 8 body. In accordance wllh Chapter 3 of Part 16 ol the Companies Act 2006. OUT audit work has been undertaken so th81 we might state lo the chariW8 members those matter8 we are required to state to them in an Bu¢JitoVs report and for no other purpose. To the fullasl 9Xtenl wmiltted by law, we do not accept or assume responsibility lo anyone olhor than the charlty and the Charltys members a8 a body, for our audit work. for this reporL or for th• opinions we have formed. Alislair Slerritt (Senior Statutory Auditor) For and on behalf ol Donaldson & Thompgon Chartered Accountants & ststutory auditor 3 Llmavady Road Londonderry BT47 6JU 24th July 2026 11
Limavady Community Development Initiative Ltd Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 30th September 2025 2025 Restricted funds Total fund¥ Told funds 2024 Unrostrfeted funds Not• Incom• and •ndowm•nts Donations and legacles Ch8ri18ble activities Investsmenl income 8.309 516,263 36.577 110,655 61 44,886 626,918 53,909 600,096 72 Total In¢om• 524.575 147,293 671.868 654,077 Expendltur• Expendituw on ch8rltsble actlvttles Total oxp•ndltur• 9,10 604,080 604,080 137,585 137,585 741,666 741,666 829.698 829,698 Net expendituro and n•t mov•m•nt ln fund• 179,5051 9,708 169,7981 <175,6211 R•¢onclllatl¢n of lund• Total funds broughl fotward Total funds carrl•d fopward 641.952 432.059 1,074,011 1.004,214 1,249,632 562,447 441,767 1.074,011 The statement of financial Bcts'vities includes all gains and losses fe¢ognl$ed In tho year. l incorne and 8xp8ndilur8 d8riv8 from contSnuing 8ctivlti8s. Tho notos on p•go$ 15 to 30 fomi part Offthe fina1•1 statom•nt$. 12-
Limavady Community Development Initiative Ltd Company Limited by Guarantee Statemenl of Flnanclal Posltlon 30th September 2025 2025 2024 Flx•d assots Tangible fixed assets 13 230.419 253,206 CuTh•nt assets Deblors Cash al bank and In hand 14 107,729 1,254,273 1,362,002 189.759 1.339.777 1,529,536 Cr•dltors.' amounts falling due wlthln one y•ar N•t curr•nt •$$•ls 16 576,208 695,231 834,305 785,794 Total au•t• l•¥• current liabiliknes 1,016,213 1,087,511 Cr•dltor•'. *mount• lalllng due after morn than on• y••r Net as8•t• 17 12,000 1,004.213 13,51Xt 1.074,011 Funds of th• charlty Reslrlcted funds Unreslricl8d funds 441.767 $62,447 1,1>04,214 432,059 641,952 Total ¢h•wlty fund• 21 1,074,011 Th8s8 flnanclal statements have boon pr¢pared In accordance wlth the provl$lons op1¢0b19 to companles sublecl lo the Small companles. reglme. Th&s8 flnanclal gtslements wer8 approved by thè board of trustees and autho3ed for18sue on 24th July 2026, and aro signed on behalf of the bc8rd by.. J&1fi WilJ& K81th Leighton Tnjslee John Wilson Trusta• Th• not•s on pAw 15 to 30 fonn part ofthes• flnonclal 8tatsments. 13-
Limavady Community Development Inltlative Ltd Company Umited by Guarantee Statement of Cash Flows Year ended 30th September 2025 2025 2024 Ca•h flow$ from op•r•ting activities Net expendlture 169,7981 1175.6211 Adjustments for Depreciation of tanglble fixed assets Other Interest receivable and sirnilar Income Interest payabb and similar charges Accrued income 27,961 28.692 1721 3.583 139.8001 3,200 145.5801 Changes in.. Trade and other debtors Trade and other creditors 46.986 142.1321 179.4271 1170,9611 14.6221 16,879 Cash g8narat8d fr¢yn operations Interest paid Interest recelved {3.2001 13,5831 72 Nel cash used in opgratlng aCVlS8$ {82,5631 1174,4721 Cash flows from Investlng actSvltl•s Purchase of tangible ossets Proceeds Irom sala of tangible 85sets Net cash used In invesllng oclSvlll8S 15,1741 33,5921 300 15,1741 33,2921 N•t dKr•a*• In cash and ca•h equlvalont• Ca•h and ¢a$h •qulval•nt8 at gInnIng of yoar Ca$h and cash •qulval•nt• •t •nd of y••r 187,73n 1207.7641 1,334,207 1.541,971 15 1,246,470 1.334,207 Thg note5 on pagp5 15 to 30 fvrrn part of th• flnanclal sialoments. -14.
Limavady Community Devel¢)pnent Initiative Ltd Company Llmlted by &arant8e Notes to the Financialtements Year ended 30th Septert>er 2025 G•n•ral Infomiatlon The charity is 8 public benefit entity and a prfvate covp8ny Ilmiled by guarantee, gister(i in Northem Ireland and a r8g1sred charlty In North8rn'lrnd. Th8 address of tha raglslgred offSce is 24D Benevenagh Drfve, Limavady, Co Londollderry,49 OAQ. Stat•ment of ry>mpllanc• These financ181 stalernenls have been prepared in mnpliance with FRS 102, 'The Finandal R8POrting Standard appllcable In thè UK and the Republlc of Ireland,, the Stalem6nl of Recommendèd Practice applicable to charities prep8rittJ their accounts in accord3n¢e the Financi81 Reporting Standard applicable in the UK andRewblic of Ireland IFRS 102} Icharlties SORP IFRS 10211 and the Companies Act 2006. Accounting polic1•8 8•sis of prnparatlon The financial slalgmgnls have been prepared on thoknislorical cost basls, as modified by the revaluation of certain financial assets and liabilities rf investment prope.e$ measured al falr V81ue through Income or expendlture. The flnanclal statements a prepared In stertlng. whlthis the funcllon81 currency of the enlty. Golng ¢on¢•rn Thera are no material uncert8indes 8boul the charSty'sthillty lo conllnue. Judg•m?nt• 4nd key ¥ourc•• of •itlrnatlon unc•rt•ty Tho prep8ralon of the flnanclal staternent8 roquiN5 management lo make judgements, eslmates and assumptions thai affect the amounts r•)rted. These egllmales and ludgements are continually revSewed and are based on 8xperfence.•d other factors, Sncludlng expectallons of futura events thBI are believetl lo be reasonable und8r.tte circum8tances. Fund accountlng Unrestrlcted funds are avallable for use at the dl%r>n of Ihg trustees to furthgr any of the charivs purposes. D8signaled funds are unrestricted funds 8arniark8d bye trusta8s for partlcular futur8 project or commitment. Reslricled funds are subjected to restrlctions on thé expenditure de¢l8rod by the donor or through the temis of an appeal, and fall into ong of sub-classos= rostrict¢d income funds oi endowment funds. 15-
Limavady Community Development Initiative Ltd Company Limited by Guarantee Notes to the Financial Statemonts Year ended 30th September 2025 Accountlng pollclos (¢Ofvlln¥¢dl Incomlng rnsoure•s Income All income Is included in the statement of financial activitie5 when the charity Is entllled to the incom8, any performanc8 related condllions attached have been mel Dr are fully wlthln tha control ol the charty, the incorne 15 considered probable 3nd the amount can be quantified with reasonable accuracy. The folk)wfng speclfic pollcl88 aré applled to P8rtiuJl8r calegorles of Income.. Donations 8nd legacy income is tsceived by way of donations, legacies, grants and gifts and is Included in full in the Sl818ment of Financial Activities when rec8iV8ble. Where legacies have been notSfied to the chaTIty bul the crflerla for income T8cognilion have not been mel, the legacy Is treated as a contlngenl asset and disclosed if rnalerial. Grants, where enlillemenl is not conditional on the deliv8ry of 8 specific perfom8n¢e by lh8 Charity, are re¢ogni$ed whgn the charity becomes unconditionally enlilled to the grant. Donated 5ervlces and ta¢illties are included at the value to the charity, being the amount the harity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market. Inveslrnenl Income is Sncluded when r8celvable. Income fr¢yn charftable tr8dlng ocfjvlty Is accounted for when gamed. Income from gr8nls, where related lo perforniance and specific deliverables. are accounted for as th8 charity eams tho right lo conslderation by its performance. Ro•ource¥ expendod Expendllu ExpenditUTr is T8cogni58d on an accruAls basss as a Ilabllity is Incufred. Expenditure Includes any VAT which cannot be fully recoveTed, and is reporied as part of the 6xpenditur8 to which it ral8t•s'. Costs of ralsing funds comprlse the costs asstxialed wllh attracting donaOn8, grants 8nd legacie$ and th& costs of Iradlng for fundr8ising purposes. Charitable expenditur• compris8s thos• costs incurred by the ch8ri1y In the delivery of Its ath'vities and services for its beneficiaries, It Includes both costs that can be allocaled IJSrecliy lo such acliwties and those costs Df an Indirect nature neces88ry to support Ihem. Other expenditure includes 811 expendiluro th81 Is netther related lo ralslng funds for the charty nor part of its exp8nditur8 on charitablè activities. All costs are 8llocal8d be8n th8 8xpèndllure categorfes of the SOFA on 8 basls deslgned to reffect the us¢ of the resource. Costs relating to a parClar 8¢llvity are allocated dSre¢tty, others are apportionad on an appropriat8 basis. a5 sel out in the notes lo thg acwunts. -16-
Limavady Community Development Initiative Ltd Company Llmlted by Guarantee Notes to the Financial Statements (conllnu¢dJ Year ended 30th September 2025 Accountlng pollcles Icontthu8dl Tangible assets All fixed assets a initsally recor(led al cost les8 accumulated depreciati{ and accumulated Impairment loss. Co81 Includes all c0919 th818re dlreclly 8ttributsble to bringing the asset Into worklng condition for Sls Intended use. D•prfjcl8tlon Depreoi81ion is c8lcul8led so as to WTile off th& cost or valuats'on of an asset. less its resldual value, over the useful eeonomlc Ilfe of th8t asset as follows.. Freehold property Motor v8hldes Equlpmtsnt 2% slralght Ilne 25OA reducing balance 10(tA stralght Ilne Impalmient ef flx•d a•8•1• A revlew for Indlcalors of ImpoSmient Is Corried ¢wl al each reportlng dale, wlth the recoverable amount being estimated where such indicators exist. Where the Carng value exceeds the recoverable amount, the asset is impalred accordingly. Prior irnpairmenls are also reviewed for posslble reversal 81 each repon9 date. For Ihe purposes of impairrnenl lesling, when 11 is not possible lo estim8te the recoverable 8mount of an Indlvldu81 asset, 8n 8sllm818 Is made of the recoverable amount of the cash- generating unlt lo which tho asset bglongs. The cash¥eneratin9 unil is th8 smallest identifiable group of assets that Includes the asset and generates cash Inflow8 that largely Independent of th8 cash inflows from other assets or groups of assets. For impalrmenl tesllng of good11, th8 goodwll acquired in 8 business comblnatlon is. from the acqulsldon dale, 811ocaled lo e8ch ol the cash-generallng unSls that are oxpectod lo benefit frorn the synergles of the combinatlon, irrespecllvg of whether othgr assets or liabllities of the charity are assign8d to those units. Govtrmment grant• Government grants Bre recognlsed ot the fair value of thé assèt received or rec8lv8ble. Grants are not recognised until there is reasonable assurance that the chaty wlll comply wlh Ihg ccfiditions attaching to them and the gT8nt3 wll be received. Where the grant does not impose specified future performance-relaled conditions on tha reciplent. il is recognised In income when the grant proceeds are recelved or receivable. Whe the grant does impose specified fulure performance-r81ated conditions on the r8clpienl, it is recognised in income only when the performance-related conditions have been met. Where grants Teceived are prior to salisfwng the revenue recognftion criteria, they are recognised 8s a lfrability. Flnanclal Inslruments A financial asset or a financial liability is recognised onty when the charity becomes a party lo the Contracal provisions of the instrument. 17.
Llmavady Community Development Initiative Ltd Company Limited by Guarantee Notes to th8 Financial Statements (contlnu•dJ Year ended 30th Septambar 2025 countlng poll¢les (¢Onllnv8¢lJ Flnanclal Instruments {¢Onllhuedl Basic financial instrumenls ar8 initially recognised al the amount re¢eiv8ble or payable including any related transactlon costs. Current assets and current liabllitles are subseqUenY measured al the cash or other consideration &xp8cted to ba paid or recgived and not discounted. Debt instruments ar8 subsequently measured al amortised cost. Where investments in shares 8r8 publicly Ir8ded or Ihelr f8Ir v8lue can othe1$8 b& measured reliably. the Investment is subsequently measured al falr value vllh changes in fair value recognised in income and exp8nditLJf8. All oth8r such inv8Stm8nts arè subsèqu8ntly maasud at cost less irnpairment. Other flnancial instruments, including derivatives, are initially recognised at falr value, unless payTnenl for an a5881 is delerred beyond normal business lemis or financed al a Tate of Intere51 that is not a market r8le, In whlch case the as5el Is measured at the present value of the future p?Ments dlscounled al a market rale ol Interest for a 51mllar debt Instrument. Other fln8nclal Instrumont8 ere subsequently measured al falr value, with any changes recognised in the statement of finan¢ial actsvilios, wlh the exc¢plion ol hedging inslrumenls in designated h8dglng relationship. Finoncial assols that are measured 81 cosl or amort5sed cost are rèvlèwèd for objectiv8 evldenc8 ol Impairmont at the ond of each reporting dale, If there Is oble¢Jve evidence of Impalrmont. 8n Impairment loss is recognised under the appropdata h88ding In th8 stAt8m8nt of financi01 actitieS In which Ihe initial gain was r•cognls8d. For all equlty in3lrumen15 regardle35 of slgnlficance. and olher financial a5se15 that are ndivldu811y slgnificanl, these are assessed individually for impairment. Other financial assets are eiiher assessed indlvidually or grouped on the basis ol similar credll risk characlertsli¢s. Any reversals of imp8imienl are recognised immedlalely, to th8 •Xt8nl th81 the reversal dogs not result in a caryng arnounl of the fin8ncial as$9t thgt exceeds what Ihg carrying gmount would have been had the impairrnent not previously been recognised. D•flned contrlbutlon plans Contrr'buts'on5 to defined contribution plans are recognised as an expense in the period in whlch the re181ed servlce is prowded. Prepaid contributions are recognised as an 8ssel lo the extent that the PTepayTnen( will lead to a reduction In future payments or a cash refund. Contributions to defined contribution plans and associated liabilities are allocated to actiwties and belween reslricled and unrestricted funds on the basis of Ihg nnedd payyoll expense. When contritrrtjlion5 are not expected to be settled Whol within 12 months of the end of the reporting dalt in which the employees render the rdated service. the liability is measured on a discounted present value basis. The unwinding of the discount is recognised Bs an expense in the period in whsch it arises. 18.
Limavady Community Development Initiative Ltd Company Limited by Guarantee Notes to the Financial Ststements (¢onllnu¥dl Year ended 30th Sopternber 2025 Llrnlted by guaranleo Limavady Cornmunity Development Initiatlve Ltd is a company Ilmited by guarantee and 8ccordlngly does not have a share capEtal. Evary member of the company undertakes lo contribute Such amount as fnay be requlred not gxGeeding £1 to the assets of the charitable company in the event of its being wound up whlle he or she is a member, or within one year after he or she ceases to be a member. Donatlons and lega¢l•• Unr95tricted Funds Reslrfcted Total Funds Funds 2025 Donatlons Donallon5- Daycare Servlce5 Donat15- After Schools Donations - Soclal Economy Donations - Elderly SeN¢89 Donations - Community TranSrt Donations- Volunteer Bureau Donatlons- Volunteer Bureau No 2 Foodbank Donations- Garden Centr¢ l Green$he Dcfiations- Overheads 6,534 6,534 7SO 180 750 180 36,577 36,577 100 745 100 745 8,309 36,577 44,886 Unr9strldad Funds Restricted Total Funds Funds 2024 Donat5ons Danations- Daycare Services DCallon$- After Schools Donations- Soclal Economy Donations- Elderly Sgrvices Donations- Community Transport Donallons- Volunteer Bureau Donatlons- Volunteer Bureau No 2 Foodbank ()onatlons- Garden Centre l Greenshed Donations- Overheads 5,156 200 2,150 5,156 200 2,150 1,000 1,000 2.400 42,518 175 310 2.400 42.518 175 310 8,991 44,918 53,909 19-
Limavady Communlty Development Initiative Ltd Company Limited by Guarantee Notes to Ihe Financial Statements (coniinu8¢V Year ended 30th Septsmb•r 2025 Charltsblo actlvltles Unreslrtcte(I Funds R8stricted Total Funds Funds 202S Other income from charitable aCtives- Lifestart Other income from charitable acty.ve$- Daycare Services Other income from charitable activities - Play Group Other income from charitable activities - After Schools Other Income Irom ¢haTltable advlues - Social Economy Other income from chariiabl8 activltlos - ECO Mll8g• Oihèr income from charitabl8 8ctiwb.es - Eldarly Services Other income from charitable activtd85- Ccfflmunity Transport Oihfyr income from charitable advltie$- Refum15h- Limavady Shop Oiher income from charft8t48 8dvltie8- Gla881CarO Recycling Other income from charitable actiwlies - Gardgn CenirelGreen Shed Othèr income from ch8rf1ablè a¢livllles . Overheads othgr incomg from chatable acti1e9 - New Deal Fuel Stamps 2 Other Income from charitable aCties- Community Works Trainlng Olhgr income from charitable aclivitie3- Volun180r Bureau Other Income from charIts8 8Ctlvllle8 - Famlly Cenlrg Other income from charltaa gctivi1Ses - Reach & Hen's Shed 21,013 21.013 84.739 72.684 96.815 84.739 85.664 96,81 S 12,980 63.072 63.072 2,000 2,OlyJ 3,894 3.894 21,268 21.268 41,703 41,703 18.387 1,500 17.887 31.328 49.223 31,328 49.223 27,325 27.325 1,272 1.272 976 45,262 46,238 1,060 20,900 21,980 4,517 516,263 7,000 110,655 11,517 626,918
Limavady Community Development Initiative Ltd Company Limited by Guarantee Notes to the Flnanclal Statements Iwnthuedl Year ended 30th September 2025 Charltable activities fcanthu¢d) Unrestricted Funds Restiicted Total Funds Funds 2024 Other income from charltable activities - Lifestart Other income from charitable activities- Daycare Services Other income from charitable activities - Play Group Other incom8 from ¢h8rilab18 activities - After Schools Other income from charitable activities - Social Economy Other income from chadlable actiwties- ECO Village Other Incom8 from charttoble 8CtlvlUes- Elderty S8Nic8S Other income from charltaE4e activities- Community Transport Other income from ch8rft8ble advlUe$- Refumlyh - Limavady Shop Other income from charitabl& activities- Glasslcard Recycling Other Income from charitabl8 activllles - Gardgn CenlrelGre8n Shed Olhtr income from charitable aclivilles - Overheads Other income fr¢)m Charitsble 8clivlfje5 - New Deal Fuel Stamps 2 Other income from charitable activities- Communlty Works Training Other income from charitable activities- Volunteer 8ur8au Othor Income from Chatable advllles - Famlly Centre Other income from charitable aclivllSes - Reach & Hen's Shed 8.370 8,370 79,431 67.620 95.504 79.431 82,361 95,504 14,741 43.484 43.484 2.982 23,499 23,499 47,792 47,792 31,952 1,500 33,452 28,748 49.719 28,746 49,719 27,960 27,960 6.357 6,357 976 32,356 33,332 5,047 5,047 17,310 528,379 14,750 71,717 32,060 fj00,096 InvMtm•nt Incom• UnTes1cted Funds Re8lricted Tot•1 Fund• Funds 2025 Bank interest receivable- Unrestricted funds Bank interest receivable- Restricted funds 61 61 81 -21
Limavady Community Development Initiative Ltd Company Limited by Guarantea Notes to the Flnancial Statements (¢ontlnued) Year ended 30th September 2025 Inv•stm&nt Incomg f¢tyJiiDtr¢d) Unrestricted Funds Reslrict8d Total Funds Fund5 2024 Bank interest rec8ivable- unresth.cted funds 8ank interest receivable- Restrbcted funds 61 61 61 72 -22-
Limavady Community Development Initiative Ltd Company Llmited by Guarantee Notes to the Financial Statements (Gonllnuodl Year ended 301h September 2025 In¢om• by funder 2025 After School Fee$- Parents Contributions Bailey Thomas Causeway Coa$1 & Glen8 Borough Council Binevenagh & Coast Lowland8 8UPA Department for Communilles Triangle Coast Mlni 8us Invoices Other Income & Donations Pathwa Fund PLJbllc Donation Rgfumlsh Limavady Social Economy Feeding Bnt8in The Naana1 Lottory Western Education & Lllxary Board Westem Heath & Soclal Care Trust Amounts Def8rr8d 96.164 7.000 111.868 500 2,000 45,163 250 200 21,268 52.160 31.654 1,982 25,703 63,822 900 20,000 74.684 108,805 7,745 671,868 2024 Artor School Fee8- Parents Contributlons Arts Counoil Causeway Coast & GIw8 Borough Councll Blnevenagh & Coast Lowlond8 Clear Project Community Oevelopment & Health NelwoTk Department for CommuniJes Triangle Coast Mini Bus Invoices other Income & Donations Pathways Fund Refurnish Limavady Social Economy Feeding Bn'tain The National Lottery W8Stem Education & Library Board 94.134 330 111.508 1,800 5,000 2.400 26,582 2,651 1,200 23,500 47,701 22,911 47,792 60.317 4,000 9,750 66,653 .23-
Limavady Community Development Initiative Ltd Company Llmlted by Guarantee Noles to the Financial Statements (lIvad) Year ended 30th September 2025 W8st8m Hoatth & Social Care Trust Amounts Deferred 103.504 654,077 Expenditure on charbtablo acilvltl•s by fund typo Unrestricted Funds R8strictèd Total Funds Funds 2025 Lilestart Daycare SeS Playgroup Afterschool$ Social Economy ECO Vlllage Elderly services LCDI Community Tran8POrt LSmavady Volunteer Centr8 LCDI- Roevalley Food bank & Social Incluslc Programmes Relumish - Llmavady shop Glass I Card recycling Garden contre l Greenshed Overheads Fuels Stamps 2 Community Woxks tralnlng Farnily Centre Roach & Hen's Shed 22,036 22,036 89.172 74.637 83.290 54.723 4.443 2.896 21,893 44.829 89,172 61.657 83.290 54,723 2,443 2.896 21,893 976 12.980 2.000 43,853 47,692 47,092 42,022 20,154 15,586 188,722 8,976 1.116 11,879 9,600 741.666 42,022 20.154 15.586 188.722 6.976 1,116 6,356 6,098 5.523 3,501 604,080 137,585 Unrestricted Funds Rastricled Total Funds Funds 2024 Lifestart Daycarè serylces Playgroup AfterschoS Social Economy 18,331 18,331 92,995 83.506 86.688 50,249 92,995 68,765 86,688 50,249 14,741
Limavady Community Development Initiative Ltd Company Llmlted by Guarantee Notes to the Financial Statements IninOl Year ènded 30th September 2025 ECO Village Elderly services LCDI CommunityTranswrt Llmavady Volunteer Centre LCDI- Roevalley Food bank & S191 Incluslon Programmes Refurnish - Limavady shop Class I Card recycling Garden centre l Greenshed Overheads Fuels Stamps 2 Community Works trainlng Family Centre Reoch & Hen'8 Shed 2,4e8 4,160 22,645 976 4,160 22,645 49,870 48,894 69,779 69,779 68,400 68,400 18,907 18,907 4,796 4,796 213,227 213.227 7,413 7,413 1,238 1.238 7,708 7.708 12,571 14,747 27,318 663,206 166.492 829.698 Legal and professional costs of £22.150 relating lo s8tt18ment of an employment tn'bunal daim 8re included in Overheads for th8 year @néed 30th S8pl&mber 2025. 10. Exp•ndltur• on charltabl• actlvltl•s by •ctlvlty typ• Acllvllles undertaken Total funds dlrect 2025 Total fund 2024 Lifestart Daycar8 stceS Playgroup Afters¢hools Social EcormY ECO Vlllage Elderty SeCeS LCDI CommunityTr8nsport Llmavady Volunteer Centra LCOI- Roevalley Food bank & Social Inclusion Programrnes R•furnish - Lim8vady Shop Glass I Card recycllng Garden Ggnlre l Greenshed Overh8ads Fuols Stamps 2 Community Work8 tralnlng Family Centre Reach & Hen's Shed 22,036 89,172 74,637 83,290 54,723 4,443 2,896 21.893 44,829 22.036 89,172 74,637 83,290 54,723 4,443 2,896 21,893 44,829 ie,331 92,995 83.506 86,688 5Q,249 2,468 4,160 22,645 49,870 47.692 42,022 20,154 15,586 188,722 6.976 1,116 11,879 9,600 47.692 42,022 20,1S4 15.581 188,722 6.976 1,116 11.879 9,600 741,666 69.779 68.400 18.907 4,796 213.227 7,413 1,238 7,708 27,318 741,666 829,698 11. Net expendlturn Net expenditure Is stated after ch8rgingllcreditingl- 2025 2024 D8pr8cialion of tangible f(xed assets 27,961 28,692 -25-
Limavady Community Development Initiative Ltd Company Llmited by Guarantee Notes to the Financial Statements Icontinuedl Ygar ended 30th September 2025 12. Staff St8 The total staff costs and employee bonofrts for the reporting p8rlod aro 8nalysed 8$ follows.. 2025 2024 Wages and salaries Social security cosls Ernployer contributions to pension plan8 413.769 26,604 7,193 468,566 25,924 7,186 447.566 501,676 The average head count of employees during th8 year was 28 {2024.' 311. The average number of full-llme èquivalent employees during the year is anatysed as follows., 2025 2024 Number of Staff - 31 No employee recelved employee benefits of more than £60.000 durlng the year12024.' NIII. K•y Managem•nt Por•onn•l Key management P8rsonnel include all persons that hav8 authorfty 8nd responslblllty for tyannlng, dlrecling and conlrolllng the octiwties of the charity. The total compènsation paid to key man8gement wrsonn81 for SeTvlce3 provided to the charlty was £11.74812024'.£37,9721- 13. Tanglbl• Ilx•d a8••t8 Land and bulldlngs Motor vehlcle$ Equlpment Total Cost Al 1 Ocl 2024 Addlllons 199,982 72,520 235.520 5,174 240,694 508,022 5,174 513,196 At 30 Sèp 2025 DepreGlatlon Al 1 Ocl 2024 Charge for the year At 30 Sep 2025 C•rying amount At 30 Sep 2025 At 30 Sep 2024 199,982 72.520 52.118 4.050 62,841 2.420 139,857 21,491 161,348 254.816 27.961 282.777 56,168 85,261 143.814 147,864 7.259 9,679 79.346 95,663 230.419 253,206 -26-
Limavady Community Development Initiative Ltd Company Llmlted by Guarantee Notes to the Financial Statemonts (ctinliniR Year ended 30th September 2025 14. Oobtors 2025 2024 Trade debtors Amounts owed by group und8rtakings PrepayTnents and accrued income other debtors 55,911 31,922 12,109 7.787 107.729 76,453 54,870 50,649 7,787 189,759 15. Ca8h and ca•h equSvalents Cash and cash 8qulvalents compr188 the followng.. 2025 2024 Cash at bank and In hontj Bank overdrafts 1,254,273 17,8031 1,246,470 1,339,777 15,5701 1,334,207 16. Crndltorn: amounts falllng du• wlthln on• ar 2025 2024 Bank loans and overdrafts Trade crèditors Accruals and deferred Income Social security and other tsxes Other creditors 7,803 3,966 S01.589 5,570 37,922 582,213 ,574 62,952 62,850 576,208 695,231 17. Credltors: amounts falllng due aft•r more th*n one year 2025 2024 Accruals and def8rr8d Income 12.000 13.500 18. Defen•d Sncoffl• 2025 2024 Amount released to income Amount deferred in year At 30th September 2025 13,0001 15,000 {1,5001 15,000 12,000 13.500
Limavady Community Development Initiative Ltd Company Limited by Guarantee Notes to the Financlal Statements (continuedl Year ended 30th September 2025 19. Penslons and other poyt retirement benefits Defined contribution plans The amcyjnl recognisèd in income or expenditure as an expense in relation lo defined contributlon plans wa8 £7,193 {2024,' £7,166). 20. Gov•rnmont grant• The amounts recognisèd In the fin8ncial statements for govemmenl grants are as follow5- 2025 2024 Recognised in cred+tors'. Deferred govammant grants due after more than on8 year 12,000 13,500 21. Analy818 ot charltsbl• fund• Unr•Jtrl¢t•d fund• At Transfers 30 Sep 2025 At 1 Od 2024 Income Expenditure General funds De8lgnated Fund$ 296,952 345.000 524,575 {604,080) 345,000 1345,0001 582,447 e41.952 524,575 1604,0801 502,447 At l Ocl 2023 Income Exp8ndlturg Transfers 30 Sep 2024 Genoral funds Designated Funds 422,777 345,000 767,777 537,381 1663,2CfjI 296,952 345,000 641,952 537.381 1663.2061 R•strlct•d funds At Transfers 30 Sap 2025 At l Ocl 2024 Income Expendlbjre Reslricted FuThJs- 432,059 147,293 1137,5851 441,767 Al Transfers 30 Sep 2024 At 1 Oct 2023 Income Expgndiiure Restricted Funds - 481.855 116.696 1166,4921 432,059 -28-
Limavady Community Development Initiative Ltd Company Limltad by Guarantee Notes to the Financial Statements {¢ontlnu•dJ Year ended 30th September 2025 22. Analys18 of net as¥ets b•tween fund8 Unreslrfcted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Creditors graat8r than 1 year N•t ags•t• 206,68Q 23,740 230,420 399,597 962,402 1,361,999 143,8311 1532,3751 {576,2061 {12,0001 {12.0001 441.767 1,004.213 562,446 Unreslrfcled Funds Restricted Total Funds Funds 2024 Tangible flxed assets Currenl assets Creditors less than 1 year Creditors graaler than 1 year N•t assets 225,771 542.145 1125.9641 27,435 253,208 987,391 1.529,536 1569,2671 1695.2311 113,5001 113.5001 432,059 1.074.011 641,952 23. Ethlco18tandard8 In common th many other businesses of our 81z8 and natur8 w8 uso our gudltors to Asslsl w th8 prep8r8Uon of the flnanclal stalemenls. 24. An•ly•l• of chang•* In net d•bt At At 1 Ocl 2024 Cash flows 30 Sop 2025 C88h 8t bank and In hand Bank overdrafts 1,339,777 15,5701 1.334,207 185,5041 1.254.273 12,2331 17.803) 187,7371 1.246,470 -29-
Limavady Community Development Initiative Ltd Company Limited by Guaranteo Notes to the Financial Statements (witinveilj Year ended 30th September 2025 25. Related parties Lim8V8dy Community Development Initiative Limited ILCDI Ltd) is the sole member of Roe Valley Community Property Llrnlted IRVCP Ltdl, a company limlted by guarantee, incorporated In Northem Ireland. RVCP Ltd prowided calerlng servlces lo the value of £12,48712024.. £14.3941 lo LCDI Ltd durlng th8 ypar ended 30 September 2025. There was a balance of £2,350 12024.. £1.2821 owed to RVCP Ltd from LCDI Ltd at 30 September 2025. Durlng the y88r ended 30 September 2025, LCDI Ltd was charged a total of £61,716 12024.. £19,505) in respect of Tent, 58Nce charges and other services by RVCP Ltd. Al 30 September 2025, the 8rnounl owed lo RVCP Ltd in relatr)n to rent. service charges and oiher serceS was £4.05712024'. £2,107). During the year ended 30 September 2025, LCDI Ltd recelved a total of £48,00012024'. £48,000) In r8sp8Ct of $eNce charS and other s8Thlc88 from RVCP Ltd. Al 30 September 2025, the amount due from RVCP Ltd In rolallon to s0Ce ch8rge5 and olher 88rvSces was £38,32912024.' £58,259). 26. Deslgn•t•d fund• Designated lund5, as disclosed within the Analysls of Charltable Funds note, refers lo that part of unrestrict8d funds which the directors have allocated for the purpose of developing speciflc future Projects and futur¢ expendlture on p8rticular ¢8pilal 8ssel8. -30-