Limavady Community Development Initiative LTD
Latest income
£672k
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity incurred a net expenditure of £69,798 for the year ended 30 September 2025, resulting in a decrease in total funds. Per the trustees' report, free reserves stood at £355,767, which is below the charity's ideal reserve level but provides sufficient liquidity. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
Reserves position: below the charity's own stated policy
“At 30th September 2025, the level of "free reserves", excluding fixed assets and designated funds was £355,767. While this is below our ideal reserve level it does allow for liquidity and we intend to develop further reserves in the coming years”
Per FY2025 accounts as filed with CCNI.
Related-party transaction: LCDI Ltd is the sole member of RVCP Ltd. RVCP Ltd provided catering services to LCDI Ltd.
“RVCP Ltd provided catering services to the value of £12,487 (2024: £14,394) to LCDI Ltd during the year ended 30 September 2025. There was a balance of £2,350 (2024: £1,282) owed to RVCP Ltd from LCDI Ltd at 30 September 2025.” — page 32
Per FY2025 accounts as filed with CCNI.
Related-party transaction: LCDI Ltd was charged rent, service charges and other services by RVCP Ltd.
“RVCP Ltd provided catering services to the value of £12,487 (2024: £14,394) to LCDI Ltd during the year ended 30 September 2025. There was a balance of £2,350 (2024: £1,282) owed to RVCP Ltd from LCDI Ltd at 30 September 2025.” — page 32
Per FY2025 accounts as filed with CCNI.
Related-party transaction: LCDI Ltd received service charges and other services from RVCP Ltd.
“RVCP Ltd provided catering services to the value of £12,487 (2024: £14,394) to LCDI Ltd during the year ended 30 September 2025. There was a balance of £2,350 (2024: £1,282) owed to RVCP Ltd from LCDI Ltd at 30 September 2025.” — page 32
Per FY2025 accounts as filed with CCNI.
Employees paid over £60,000: 0
Per FY2025 accounts as filed with CCNI.
Largest income source: Causeway Coast & Glens Borough Council (17% of income)
“Causeway Coast & Glens Borough Council 111,868”
Per FY2025 accounts as filed with CCNI.
Trading subsidiary: Roe Valley Community Property Limited
“Limavady Community Development Initiative Limited (LCDI Ltd) is the sole member of Roe Valley Community Property Limited (RVCP Ltd), a company limited by guarantee, incorporated in Northern Ireland.” — page 32
Per FY2025 accounts as filed with CCNI.
Independent examiner: Donaldson & Thompson
Per FY2025 accounts as filed with CCNI.