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 sM￿h
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 Comm￿tee 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 OCto￿r 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 be￿een 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 hor￿CUltural 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 comrnunlt￿based 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 fram￿rk 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 aCcessi￿e 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 C￿Ce￿ basis unless It is inappropriate lo presume
that the Charity will continue in business.
Tho Irusleos 8re resp￿sible 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 preven￿On and deleclK)n of fraud and other Irregularftles.
The charitls trustees are covered by insurance Indemn￿ng 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 appli￿ble 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.
J￿l￿fi 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 aC￿rdan￿ IMth Unltod King¢Jom Gener8lly Accepted AccounUng
Practice.,
have been prepared in accordBncè with the reqU1￿MentS 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 Ethi￿1 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& requ1￿mentS. 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, indi￿ldUallY or collectively, may cast signlficant doubt on th8 charitys 8bility lo
continue 83 a going concern for a period of at least I￿P1ve 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 I￿1.
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 $18lements', and
th8 trustees, report has been prepared in accordance with applicable legal r8qulmm8nls.
Matt•r• on whlch w• are requ5r•d to r•port by •xe•ptlon
In the Ilght of the kno￿edge and understanding of the charity and Ils environment obtslnèd in the
cours• of the audll, we have not identsfied mat8ri91 misstalemenls in th$ 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 p￿pare 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 Offth￿e fina￿1•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 op￿1¢0b19 to
companles sublecl lo the Small companles. reglme.
Th&s8 flnanclal gtslements wer8 approved by thè board of trustees and autho￿3ed for18sue on 24th
July 2026, and aro signed on behalf of the bc8rd by..
J&1￿￿fi 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 aC￿V￿lS8$
{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 Financial*tements
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 r8g1s￿red charlty In North8rn'lr*nd. 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 by*e 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$ed whgn the
charity becomes unconditionally enlilled to the grant.
Donated 5ervlces and ta¢illties are included at the value to the charity, being the amount the
harity would have been willing to pay to obtain services or facilities of equivalent economic
benefit on the open market.
Inveslrnenl Income is Sncluded when r8celvable.
Income fr¢yn charftable tr8dlng ocfjvlty Is accounted for when gamed.
Income from gr8nls, where related lo perforniance and specific deliverables. are accounted for as
th8 charity eams tho right lo conslderation by its performance.
Ro•ource¥ expendod
Expendllu
ExpenditUTr is T8cogni58d on an accruAls basss as a Ilabllity is Incufred. Expenditure Includes any
VAT which cannot be fully recoveTed, and is reporied as part of the 6xpenditur8 to which it
ral8t•s'.
Costs of ralsing funds comprlse the costs asstxialed wllh attracting dona￿On8, grants 8nd
legacie$ 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 be￿8￿n th8 8xpèndllure categorfes of the SOFA on 8 basls deslgned to
reffect the us¢ of the resource. Costs relating to a par￿C￿lar 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 Car￿ng value exceeds the
recoverable amount, the asset is impalred accordingly. Prior irnpairmenls are also reviewed for
posslble reversal 81 each repo￿n9 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 good￿11, 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 cha￿ty 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
Contrac￿al 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 subseqUen￿Y 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 othe￿1$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 maasu￿d 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
acti￿tieS 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 ￿nned￿d 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
Donat1￿5- After Schools
Donations - Soclal Economy
Donations - Elderly SeN¢89
Donations - Community TranS￿rt
Donations- Volunteer Bureau
Donatlons- Volunteer Bureau No 2 Foodbank
Donations- Garden Centr¢ l Green$he
Dcfiations- Overheads
6,534
6,534
7SO
180
750
180
36,577
36,577
100
745
100
745
8,309
36,577
44,886
Unr9strldad
Funds
Restricted Total Funds
Funds
2024
Donat5ons
Danations- Daycare Services
DC￿allon$- 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 aCtiv￿es- Lifestart
Other income from charitable acty.v￿e$- Daycare
Services
Other income from charitable activities - Play Group
Other income from charitable activities - After Schools
Other Income Irom ¢haTltable advlues - Social
Economy
Other income from chariiabl8 activltlos - ECO Mll8g•
Oihèr income from charitabl8 8ctiwb.es - Eldarly
Services
Other income from charitable activtd85- Ccfflmunity
Transport
Oihfyr income from charitable advltie$- 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 cha￿table acti￿1￿e9 - New Deal
Fuel Stamps 2
Other Income from charitable aCti￿￿es- Community
Works Trainlng
Olhgr income from charitable aclivitie3- Volun180r
Bureau
Other Income from charIts￿8 8Ctlvllle8 - Famlly
Cenlrg
Other income from charlta￿a 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 Cha￿table 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•
UnTes1￿cted
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 Na￿ana1 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 (￿lI￿vad)
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 Se￿￿S
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
Afterscho￿S
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 I￿ni￿n￿O￿l
Year ènded 30th September 2025
ECO Village
Elderly services
LCDI CommunityTranswrt
Llmavady Volunteer Centre
LCDI- Roevalley Food bank & S￿191 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 st￿ceS
Playgroup
Afters¢hools
Social Ecor￿mY
ECO Vlllage
Elderty Se￿CeS
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 ser￿ceS 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 char￿S and other s8Thlc88 from RVCP Ltd. Al 30 September 2025, the
amount due from RVCP Ltd In rolallon to s0￿Ce 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-