REGISTERED COMPANY NiNBER: 02572177 (England and Wales) REGISTERED CHAIUTY NUMBER.. 1002882 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 21lll for SOUTHSIDE REHABILrrATIOF4 LIMrrED Haines Watts Chartered ACCtants Nc)rthside House 69 Tweedy Road Brojnley Kent BRI 3WA
SOUTHStDE RERABILITATION LIMITED Contents of tbe Financlal Statements for tbe year ended 31 March 2021 Page Report of the Tywteeg Independent Examiner's Report Stktemellt of FinaDcial Activities Balance Sheet 10 to 11 Notes to the Finxncial Statements E2 to 19
soiriHStDE REHABItITATION LIMITED R¢port ofthe Trustees for the year eDd¢d 31 M4rch 2021 The Manag¢mcut Committce prescnts ils report andth¢ financial statemellts for the year ended 31 Marth 2021. t£gal and administrative information set out on pagc 7 forms part of this report. The trllstees have adopted the provisions of Accountillg and Reporting by Charities.. Stat¢m¢nt of Rc¢o]nmended Practice applioable to charities preparing their accounts in accordance with the Financial Reporting Standard appli¢able in the UIC and Republic of Irdand (FRS 102) (efftctiye l January 2019). Structure) Coverllallee and Management The charity 15 governed by its Memorandum and Articl&s of Association adopted on 7th Sattuary 1991. A hknagcment Con]mitte< which meets at least bi-monthly, administ$ th¢ charity. The committee appoints its mcmbus. who are trustees of the cmipany. Mejnbers are chosen for the partiwlor expextise they call bring to the ¢harity. Trusiees have ref¢rred ts) th¥ guidance public benefii Trthen reviewing th¢ charity's ai]ns 2nd objectives and when platmitig thr the £uCuE¢. TIUSte ensute tbai tharity carries out its object for th¢ public benefit. The sections below. Objective8 and Acti14ties, and Athievemetlts and Performance provide eNTdence that the charity has created public ttnefit. New Commiltee mrmberb are prijwded with inforniation relaled to structure, fjnan¢¢s and strategic direction of the ¢harity as weIl thtit roles andrtspon&ibilities. Training is also available. A skills audit is carried out an[ally. ObJectiv¢8 Activities The chHtÈly was eylablished 'for the advanLement of the science and pradice of Work Rehabilitation as a technique for the Tclitrl rehabilitrdtion of persons suff¢ring from Iimg-tetm menial ill JLe<h'. In relation lo the wincipl¢ of public bentrfii, uur aim is to aysist thE¥¢ disadvantabyed ptople tv uGh2eve their aim olrecovery and social inclusion, including attailling open ¢mploym¢ut. We are committed to an appzoach to planning services, which puts each person's individual n¢¢ds at the heart of the prwess. whattveT their abili(ies or ditriLultit3. We nut-for-prvfil provider working with ptople with mental health prDbluDS who are exLluded froTr soGi¢ly dile to the Te5uIts of the illnes5 - unEmpliJymt, pov¢ty, social isolati(, stigma, etc. Our aim is to provid¢ maintain high quality servicES in order lo enable the trainees to rwov¢r aGliievt their goals. Th¢ SVICe ¢nabl¢¥ ¢aoh trainee to reath a hish Ityel of in(tependrThLe in all areas of their lif¢ including thosé whith arc not dir¢¢tly r¢latd to work, suth as housillsF, medication mana¥ement. and swial skills. This help8 thetn to becom¢ s]11Y included. We are $Tthated in 8outhea8t LMdl. Our Inain activity to provid¢ a structw'ed day and PUEposEful activities, ernplo)qn¢nt Iraining ]d support lo help people to recover and mov¢ in th¢ir liv¢s. To do this, we run tbree 5(rial enterprises.. printing copiryng,. cateriiig" and cleanui& which provid¢ SVI lo other dep2rhllents within the ent¢rpri5e and a150 to ¢xtemal ¢uslomer$. W¢ also offer an introductÉon lo IT which has becom¢ mor¢ and more importatLt since the pand¢mic and th¢ lockdowiis. Each departsntnt ha5 Its s4)erSOr whose role it is to maDagc that dq)aEtml and provid¢ trainlng for th¢ traiii¢¢s. Tliese supervis(5 are allployed fot their SpLf1¢ trade knowledge attd ski113. Training for all staff r¢latEd to mailal illn¢ss is prod once employnent cotlllliencts. Staff also receive training at th¢ stsrt of their employm¢nt and every 3 y¢ars in H¢altli and SafeÉy, Safeguarding, Manual Halldling and First Aid. A1U&l appraisals are Carried out and all staff ar¢ ¢n¢ourag¢d and supported to attend cout5es related to their job and th¢ir reeT intentions. The charity eEnploys 10 staff 5 mpJ] and 5 wom¢n, 3 of aEe fulltime. tn April 2015 w¢ became a Lond(ll Living Wage einployer, ill line with the Lo¢al Au[bltieS and Clll]ical Commissioning Groups w¢ work with. This is a fjnancial pressure for us as we have no control ov¢r the arUal increase. Since April 2017 annual illcrdses haveranged from 1]lY 50/u to Iyo in April 2021. W¢ have policies )d proceduies in place required to protest die interests of 6taf£ train¢4s and custonier5. We use our Trustees and indep¢nd¢nt, ¢xt¢rnal, H¢alth and Safety, HR aiid Occupational Health Consultattts to add to th¢ ¢xp¢rtise available to staff. Page I
SOUTHSIDE REHABILTION LIMrrED Report of the Trllstee8 for tht y¢Ar ended 31 fthircb 2021 We work¢d with 61 train¢rs during 2020121, 75Q/o w¢re from the BAME cominunity, Sf/D male. Of the 61 trainees, 6 wcre n¢w reftrrals during the yvar and 4 of thcsc remain at time of writing. 8 trainees moved on during the year - became a voluntc¢r cls¢wh¢rc. I wcnt into part tiync ¢mploynent and I becatne unwell. The otheES were either discharged or left of their own accord due to a lack of motiva¢ion or to try something different. We have a contract with the Lambeth Cliiiical Commissioning Grovp to proNTrde place5 for 40 Lamlrth residents and Southwark Clinia91 Conunis5ioning GTOUP to provtde 28 places for Southwark residellees. Unlike many other menial health se¥vices, our attendance level is over 800/0, Th&ioh is IOO/o more th1 our contract stipulateg. We lose less than IO/, dwing the initial induction pcri(xL This reflects the hard work we put into ewging and retaining people who present with a number of ¢ompl¢x mffl)tal hcalth and sooial issucs including socid exolusion. Many of (sur trainees have been involved wryth Ciimiiialily in the pastr. Qualified profcssionals asscss all our trainees before they are referred here and, where necessary, a risk assessment is COTnpl¢tcd. Wh¢n they are ref¢rr¢d h¢r¢ th¢ depaLtnent's sllpetvisor gees them and their first four weeks are probationary. W¢ also encourage peopl¢ to do a s¢lf-ref¢rral if they Mqsh to ttd. Dllring this time the trainee is supported to complete a Recovery Star, a Self-aeSsment tool that helps people to identify areas which require improvement alld set goals. Close links are kept with their Car¢ Coordinator in the community in order lo facilitate C(U1¢aon. Most of our trainees are on the Ce Progranune Approach and are regularly seen by their Care Coordinator. At presenL although we offer training lo anyone with a mcntal heth problem aged 18 to 65, we receive very few referrals from those who are 18-24. We offer volunteeIing opportunities attd work placements to our lo1 community, inclutfing schoDI Children and language students. It is essential tlmt we are an intwal part of our local community. We work closdy a nearby cominunity facility, The Portico Gallery, and as a result they raise monies for us whenevcr they hold an event slloh as the Ith op md the West Norwood Feast. This relatiimship contillues to develop. We have also developed a relationship with Urban Art. We are one of the charities tbey sponsir. Exhibitions are h¢ld on¢¢ a ycar alld 50/0 of the s&les totsl ts awarded to us. tn 2020 and 21 the exhibition was virtual which meant that no monics were rdised for chariti. Throughout the year, we have raised Another £3,796 iti donations. We would like to take thi5 OppOrtty to thank tliose who have supported us tht8 y¢ar particu18rly our staff, frielld8 9nd Trustees, who have rais¢d fimds by nu]niJkg the London Marathon and other events. Dutitig 2020121, there was no change to our knbeth and Southwark contracts: no reduction but also no infiationary uplifts t(1 either contract. There are mally Changes taking place to the struciure of the NHS locally aiid ITr Southeast London ineludii)g the developtnent of an Integrated Care syst. Tliis is causllig some uncertainty. Although mental health is a priority and we are recobmised as providiilg an &8sential service, we have not gained any addttional r¢sources. In both L2mbeth and Southwark there ar¢ plans to ¢h8nge the way services are contracted. It is expected that in tli¢ fvtur¢ this Mqll i* dL)TLe by the Allianc¢, & group of th¢ largest providers in tke Borough and the Clinical Commission Group. We gr¢ h(>ping to h2V¢ thr¢¢ year a% oppo$¢d ts) Annu21 contracts in the futtre to 0de more stability }d opportuniti¢s for us tt> fund difftr¢nt approa¢hes. This year has proved to be even more stressful t1 usual for our trainees. The Covid-19 pandeini¢ has forced us to elose doors for geveral montlis for the first tiille in llely 30 years of operatillg. In a(Idition to th¢ pandemic issues, som¢ of ow trainees have had their benefits revi¢wed and have constant threats from g0verlim]t to further r¢duc¢ the l¢v¢l of illLome they re1Ve. At the same tim¢, additiiml outgoings such as risin¥ bills Cut even deepcr into th¢ir budg¢t. Tho$¢ on Disability LiviTLg Allowan¢¢ ar¢ not often eligible for the Personal Independaii Pae11t and wc ar¢ in a ¢ontinu(w battle to ¢n$ur¢ our traine¢s r¢¢eiv¢ a Fr¢edom Pass, the absence of which would have a major impact on their ability to get ground and b¢ mor¢ swially in¢lud¢d. The eh&ity reimburse traIeeS have to pay for travel to and from our servi¢es, $0 la¢k of a Fr¢edoEll Pass is & furth¢r burden to the org2nisation. FortLately. most traills can apply for a Di$¢ovnt Oyster Card whicli halves the ¢051 of ¢a¢h jwrney. Page 2
SOUTHSIDE REHABILITATION LIMrrED Report of tbe Trustees for the year ended 31 Lllarch 2021 An additional pr¢ssur¢ on resour¢¢s will be the fee for adult education, which Can b¢ between £30 and £300. All our trainee5 ar¢ encouraged to attend Adult Edu¢otion to updatelincrease their knowlcdgc. This giveg them an edge when applying for jobs. During the year. 10 attend¢d courses in aduLt education, 8 acc¢ssed other regLLlar activitie8, 3 volunteered elsewhere. 2 are actively Ikllg for Work and I had a m time job while sLill atttnding. Achievemellts and Perfornianee Th¢ lo¢kdowis during this year. both 1&81ing several months, were very difficult for our trait]ees. During these tim¢8 the CEO telephoned ¢ach traitie¢ twi¢¢ a week to check on their healt to cllswe that they were going out f a walk every day and that they had Strllcture and pwp()8e to their day. We also encouraged them to talk &bout their problems and 5hgre any issues. For exampl¢, some h&d difficulty contacting their GPS and some were unsure about having their vaccination. Only 3 of our trainees refv¥ed iv have their VdLuination. Traine&s rq)orted afterwards that these calls made than feel suppfftsL Only two b¢¢aTn¢ unwell - one fvund it ditficult to Icave his house after lockdossn and the other was admitted to hospital be¢aus¢ her mother who she jived died duritig lrtkcEown. In &ddition to this cont&ct, we produced a neNTrEletter alld po$l¢J il to everyon< 7th lots of illforinatioll aboth the organisation and the pandemic tohelp keep our trainees informed. In order to revopen after the first IIKkdown, w¢ ¢arri¢d out 8 thorough Tisk assessmcnL developed A strategy gnd implementalion plam, and Sured that all staff wer¢ awaT¢ of the chanbFtrS kULd their additi(KAal r¢sponsibilttieg. When we opened our Ll(K)rs in July 2020, we had to limit th¢ number of trainegs atte7LthbF edch day to rnsure Sla[ distancing and we provided takeaway ineals snacks instead of th¢ usual lunLh serveiL un th¢ premis&8. We have continued to support and encourage our trainees t1roU0ut thi5 wiusu8] y¢ar to become IndepdenL be mor¢ socially included and recover. Trainees were invited to eome into the office if they had any probl¢ms/i$su¢s they needed help with. Wc helped with access to the ititemet ThthidL was especilY beneficial when it cam¢ to filling in the CENSUS which all traine completed as well as answtrillg correspondence and helping with benefit and utility qv¢ries. ITren our service was open, continuedto develop alld maintsin the life and work skills of our trainees. On average il takes 2 years to get someone to work readiness. It can tak¢ this lonb. bELause 05t peopl¢ refeed have n(rt worked for 10 years or more, and some may not have worked at all. Durinsr th¢ last Luuple of years worklessness has moved up the Government's agenda and, both at a local gnd national l¢v¢l, much enubry 15 being fo18Sta on how to ehk)nge things to gd mffte people Anto work. unemplosThent is high it is mor¢ ditriLwlt I[ people to fd jobs as they are competing with people who have recently been in onploynent. Al pr¢s¢llt w¢ are cOP¢t]ng with pcopl¢ who mayhave 105t tlLeir jobs through Covid-19, but on the other hand, this could be a b¢tt¢r time to louk for jobs particularly the hospitality business. In additioffj the choice of jLibs is limited as our trainees ¢annot afford to take the risk of gettitig a job where there is a zero-hour contract. In 2020121 we continued to dcvelop strong relationships with our Cominissioners, Lamkth and Soutbwark Clinical Commissioning Groups. This may be more difficult in tlie fvture now that Conimissioning will b¢ done across the whole of Southeast London and both of our Ial Cominissioners are new to th¢ir jobs. We also continue to develop good relationships widL volunLgry seL4or organisations* proTrryders in the statutory and the private stctors and our Ial community. We play an active role in West Norwood and Lamberwell Thhere w¢ gr¢ based. WE liave done some joint cvents and are &ctivelypatticipating in Station to Sthtion, a project to help small busin¢8S¢s in We5É Norwood. In June 2021, a5 part of the susiOn plan being Implement to adiieve a &nooth transition when the Gurreni CEO retre we recruited a part-time occupationaI therapist to support the staff 8nd work dirxtly with the trainees. The CEO, who retired in Tuiy 2021, has always provided this specific suppoit. The Deputy has taken over the rDle and is contiThuillg to build the skills 8nd knowledge needed with the support of the outgoing CEO. In early 2021 wc wtt¢ wccessfid in bidding for inonies from the Desig] CoLmciI to dev¢lop and iniplement a project with Oviva to tinprovt the phjsical well]ng of our trainees which will Mm¢nCe JaDuary2022. We also received an initial £6,000 from the Association of Mental Health Providers to agsist us to cornplde a teasibility study to see whether eAn widen the range of c(xnpanies who use our cleaning business. Page 3
SOUTHSIDE REHABILITATION LLVIITED Report of the Trustees for the year ended 31 March 2021 We also WOTked on a project with Kings College whith iiivolvd workillg with their students to improve digilal aceess nd skills of our trainees. A result of ibis is a connection with Hubbub, an organisation working Trth 02 providing donated sm8rtph(nes 8nd 12 months of free calls, texts and data. Th¢ highlighted just how few of our trAinees have internet access at home, so this project has helped io bridg¢ that dÉiide and help to r¢duce the isolatioll felt by who live alone. Finanei81 Review Total incoming resourees have reduced this year, a d¢easE of just over 31)/& tcp £414,213 due to die CROSLeS which stopped us from rning our s(Kial enterprises. Resour¢¢s eXnded charitable activitscs have decrtased in tIEe ye by over 120/0 to £364,711. This year we have a surplus of £49,504 compared with £8.757 last year. This was mainly du¢ to the reduction in &Ypenditure dIng the closures and the Job R¢tcntion Scheme allts. Wt continue to work hard to keep our overheads dom) and to increase the income generaied througl our sales in order to k(Yp the price of our training places down 2nd ensure that everypenny gtts to our traine. Following the lockdowtt4 all stsff have continued to work hard to aSSiSt our trainee5 to recLwer and improv¢ their mental wellbtin& maintain customer bas4 and keep exp¢nditur¢ as low & possible. Our thanks to all of them and to our customLYs who are very lo1 to us. The financiat 5tAleinellts have been prepared i)n the UMptiOn that thc company will continue as a going cnnccrn for the foreseeable fvtLtre. The dllectors recognise, however, that the company lIes upon a &][1 nujnlxr of contrac18 for most of its ievenue. In the eyait that any ot th¢ eontracts are lost, or not r¢n¢wed, the thedors con5idcr that the company may not be able to replace them at short notice and this would jeopardisc it5 ability to continue to tradc. The prent financial constraitits in the public sector have yet to have a Major impact on this organisation. Reserves The managernt Committ¢e reviews a[UallY the charity's need for reserves in line Trvith thc Ch&ity Commission's guid¢lines. Our Policy is to maintain free reserves equivalent to four months, expenditure less depreciation to mcct shortfalls in income or unforeseen expenditse. Our reserves baIll at 31 March 2021 was £360,874, which is equivalent to approxiinately I I months, spading. Due to Covid-19, WE have not been able to fi]ndraise from ant)ual events in 2020121 we usually participate in such as Uiban Art. We arc l(d(itig at new ways to fundraise to make up for these losses and th¢105s of income from our Social enterises. IDvestm¢nts Our iTrvestent policy is to achieve the highest possible returng eongistent with maintsining adequat¢ liquidity minimising risk. bui this is very diffic1 iti the present climate. The present investmcnt ¢nvironment is very poor which is reflected in th¢ intEre5t we have egrnedthis year. Plans for future period5 In 2020121 we continued to Work at increasing our customer base particularly in cleaning and printiiig. We have updated DLEr website, changed our logo ond changed our marketing materials as per our mark¢tÉng plan, whidi was developed with the help of the Cranfi¢ld Trust and varLOUS llidividuals. We are al80 increasing our ¢fforts to raise more oney through fLdraiSing. Page 4
SOUTHSIDE REHABILITATION LIMrfED Report of the Trustees for th¢ yegr ended 31 March 2021 With the involvement of the Larnlxth Allianc£, who have Published an EmploYmlt Strategy, we have continued to spend s(Mne lIe worklllg with four other cmpl0Jent organisations in Lambeth. developing Alliance at the request of the Clitiical commissierS. We need to look jointly At what we do, reduce duplitI1, and meet puformance illdicatws set by the Alliance, which will includ¢ making savings of E60 between 2020 alld 2024. We continue to Implement our Business Plan. This Plan came to an end in 2020. A new plan is aurently being devel(4). Individual Trustees havc takw respon5ibtlity for various aspects of the Actioll Plan including Govemanee, RtsL StalSng, Sucttssion Plallning, Maximising Grant and Tender Outcomes, Maximising SalES tncomc, Develi)ping all (h]line strkeY and Perforniallce Manag¢mtnt and Outeomes. We have bi-monthly Trustee Business Plan Meetings to take the Pl% fonvatd. The ttnplementation of the Marketing Strategy is an inteal part of this. W¢ 111 ¢ontinu¢ to impleMLt the Recovery Mod¢l wd campaign around issues relating to our traintt5. Two of these Tssues ar¢ 2¢r&hour ¢onttxuts and stigJn& which are very unhelpful in relation to our trainEe5 gaining op¢n ¢mplo)m¢nt. We may have to use nOther assessm¢nt tool should the t&imt¢th Alliance mcntiCed earlier comc to fruitioll. We will also support our trainees in their b¢n¢fEt review and gupport their caMpaiS aim¢d at n]n]nIng the Freedom Poss. In h)th Southwark and LambEth, we will a¢tivtly engage in discussions about th¢ fvture of metttal health strviLeb in the ligtht ol the govemment's health agenda and tinancial cuts. We arc actively involved in the Lambeth Collaborative, whidL is abuui changing th¢ way community gervices are provided. W¢ to b¢ participating in Urban Art again this yw, the Half Mar2thot], and the London Marathon, which have be¢n d¢lay¢d due to Covid-19. Page 5
SOUTHSIDE REHABILITATION LIMITED Report of the Trstee$ for the year ended 31 March 2021 Re$poL$ibillties of the Managen)ent Commlttee Compgny lawrequires the Management Committee to prepare flnancial stat¢xn¢nts for financial year, whtGh give a fair and true view of the state of affairs of the charitable cmipany as at balance she¢t dat¢ znd of its ÉtLC(Mningrt515tIrceg and application of resources, including inci)me and expenditur4 for the year then ended. In prepariag those financial statements which give a tru¢ and fair vi¢w, the Management CotDmittee follows best practice ancl.. SelELts suilabltr accounting policies and applies them consistentIy Makes JUdgeclIts and estimates that are reasollable and prudent States Wheth applicable accounting stdar$ and statemcnts of recommended practtce have beett followed, subi¢cl to any matcria] dcparturc5 discloscd and explaincd inthe financial %tAtements Prepares the financial stateMtS i)n m on-going concern basis unless it Is inapproprÉak lo assuw¢ that Ihe company I11 continue on that b&sis The malgEment Committee is respmsible for keeping adequate aecounting records, which disclose with ieasonable aceuracy at any time the fjnancial position of the charitable company and to enable th¢m to ¢nswe that the financial statem&Jts comply wryth the Company's Act 2UU6. The Management CLKnmittee is also respmsible tiv safeguarding the assets of the charitsbl¢ MpanY and h¢n¢e taking reasonable steps t()r the preventii)n and deteetion of traud and other irregularities. The Managernent Committee confirms that to the best of their knowledge there isn(i inf(malim relevant to the audit of which the auditorg are unaware. The Mlgement C(>mmittee al80 cfflilirni that they have taken the necessary steps to ensure that thrythemgelveg are aware of all relevant audit infomation and that thi8 inforniation has been coMMl¢ated to the auditors. Members of the Mainggement cornnttee Members of the Management Commiltee, who are Trustees under charity law, wlio served during the year and up lo th¢ date of Ihis report were as follows.. Pamela Nemrnan (Ch&tr} Doye Akinlade Eiz Duthi¢ RhiatTrn(M Hughes Ann Dennis Tasmin FiDri Mcmbcrs of thc ¢haritabl¢ ¢oJnpanyguarante¢ to contribute an amountnot exceeding £1 tts the assets of the charit&ble COmp]Y in the ¢v¢nt of windiDg up. Th¢ total numb¢r of such guarantees at 31 NIarch 2021 wag 7. Members of the charitabl¢ company have no IKncfi¢ial intcrcst in thc ¢haritsble company. Pag¢ 6
SOUTHSIDE REIIABILITATION LIMITED Report of the Trustees for the year ended 31 March 2021 Reference administrative details Registercd Company number 02572177 (FgIalld and Wales) Registered Charity number 1002882 R4istered office 45 KniglLts Hill Ld0 SE27 OHS Trustees D Akinlade A G D¢nrAis E J Duthie R S Hugbe5 A Kirby (resigned 24.2.2021) P S N¢Trwnan R F N¢ild (r¢sign¢d 30.9.2021) A Braithwatte (appointed 28.6.2021) J Fiori (appoint¢d 4.3.2021) G Kyle (appointed 16.6.2021) A Lk (appointed 29.6.2021) Comp&ny S¢¢retary J El-Babrawy Independent Eminer Haines Watts Chartered Accountallts Northside House 69 TWeY Road Bromley Kent BRI 3WA Approved by order of the Ix)ard of trustees on ....... . and signed on it8 khalf by.. P S Newnan- Trustee Page 7
Jndependent Examiner's Report to the Trustees of Southside Rehabilitation Limited Independent examlner's report to tbe trustees of SoMth8ide Rehabllltatlon Limited Ctbe Company,) I report to the eharitytrustees on my examinatioll tsf the accounts of the Company for the year ended 31 March 2021. RestN)nsibiliÉies and basis of report As the tharity's trustees of the C¢)mpany (and also its directors for the purposes of company law) YLW are rest%)nsible for theprep&ation ofthe accounts in accordance with the requirements of the Companies Aet 2006 (the 2006 Act,). Having satisfied myself that the a¢¢ounts of th¢ Ci)mpany are not rquir¢d to be audited under Part 16 of the 2006 Act and are eligible for indq)endent examination, I report in respect of my ¢xamiRation of your ehaTitsls accoKmts as fdrri¢d out wider section 145 of the Charities Act ?01 I Cthe 2011 Act,). Tn carrying out my ex&min&tion I have followed th¢ D]rtIOnS given by the ChItyCOMmIssion under $¢¢tion 145(5) (b) of the 2011 Act. Indep¢nd¢nt exaler,5 statement Sinc£ your Charity's gross income exceeded £250,000 your examiner must be a m¢mkr of a listed body. I c8n confirm that I am qualitied to undert&ke the exgrninalion because l om a re¥isted member of ACA which is one of the listed bThlies. I have Complcted rny &xamination. I confirni tIt no matter5 hav¢ ¢ome to my attention in connection thith the exan]ination giving me cause to believe.. accouniitkg rOrdS were not kept in respect of the Company as required by scction 386 of the 2006 Act; QT the accounts do not Accord with thoserecmds- or the accounts do not Comply with the accounttng requir¢m¢nts of section 396 of thE 2006 Act other than glly requirement that the accounts give a tnLe and fair view which is not a mattcr consÈdercd as part of a ind¢pendeTht examination. or the accovnls have not been prepared in accLrdance with the methoth and principles (Trf the Statement of R¢commcnded Practice for aCcntIng and reporting by chIti (applicable to chariti&g preparing their accounts in accoTdance with the Fttsancial Reporting Stsndard appliuble in the UK and Republic of Ireland (FRS 102)). I havc no conceEll5 dhave come across no Lrther matters in ¢onn¢¢lion with dLe examirAation to which attention should bc drawTr illthis rept*t in ordtt to enable a proper derstanding of th¢ accounts to be reached. Katie McGhee ACA Haines Watts Chartered Accountants Northside Hous¢ 69 Tweedy Road Bromley Kent BRI 3WA Date.. 1911112021 Page 8
SOUTHSIDE REHABILATION LIMrrED Statement of FinaDcial Aclivlties for the year ended 31 [Are 2021 2021 Total fuDd5 2020 Total nds Unrestricted fLd Restrieted fimd Notes ltteome And endowments from Donations and legacies 373,893 373,893 285,646 Charitable activities Charitable trading 39,567 39J67 140,748 Investment income 755 755 1.013 Total 414,215 414,215 427,407 F.xpeDdithTe o Ch*ritsble gctivities FundrAi%ing and publicity Costs of adivitiC8 in furth¢ranc¢ of charitys object8 1,124 1,124 1,014 363,S87 363,587 417,636 Total 364,711 364,711 418.650 PIET INCOME 49,504 49,504 8,757 Recon¢iiÈatioM of fund$ Total funds brought forwird 311,370 311,370 302.613 Total funds carrled forw27rd 360 874 311370 The notes form part of these filnClaI statements Page 9
SOUTHSIDE REHABILITAT10Tr4 L[TED Balance Sh¢et 31 March 2021 2021 Total funds 2020 Total ds Unrestricted nd Restrieted fimd Notes Fixed assets Tarnble assets 20,140 26,140 40.019 Current assets Stocks Debtors Cash at bmk and in hand 4,507 19,761 327 395 407 19,761 4,552 31,969 252 039 351,663 351,663 288,560 Creditors Amounts falling due within me year io (16,929) (16,929) (17,209) Net crrellt Asgets 334 734 334.734 271351 Total assets less current IIAbllldes 360,874 360,874 311,370 NET ASSKTS 360,874 360,874 311370 Fllnds Unrebtricted fvnds 12 360 874 311,370 Total funds 311,370 The charitable company is entided to ¢x¢mption from audit under Section 477 of the Compgnies Act 2006 for th¢ y¢aT ended 31 March 2021. The members have not required the company to obtain an ad[t of its financial statemenls for the yeaT ended 3 l March 2021 in a¢cordan¢¢ wth Section 476 of the Companics Act 2006. The trustees ackn)owledge their rpOnsIbIlItieS for (a) ensuring that the drItsb1¢ ¢ompally accoullting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing fmancial statements which give a true and fair view of the state of affiirg of the charitable ¢(panY as at the end of each fjnancial ar and of it5 sw)Iu5 defi¢At for each finaneitil year in accordance with the requirements of Sections 394 and 395 and which oth¥¥15¢ comply with the requtrements of tbe ConpanI A¢É 2006 I'elating to fjnancial statements. so far as applÉcable to the charitable compally. (b) The notes form part of these financial ststements Page 10
SOUTHSIDE REHABILITATION LtMITED Balance Sheet- colllillued 31 March 2021 These fin8n¢ial stat¢ments have been epared in accordance the provisions applicabl¢ to chatitable companies subject to the small companies regime. ial statem¢nÉ8 w¢r¢ &pwoved by ihe Board of Trllstees gnd authori5¢d for issue on .k................... and w¢r¢ sigrÈed (In its F£half by: P S Newnan. Thiet The notes foi'm part of these financial Statemlt5 Page II
SOUTHSIDE REHABILATION LIMITED Notes to the FIDanriAI Statements for the year ellded 31 March 2021 Accounting polici Basls of preparing the fillaDcial st4tethent$ The finmcial statem¢nt$ of the dwitable company, whith is a publio benefit entity under FRS 102. have been prepared in a¢cord8n¢e with the Charitie8 SORP IFRS 102) 'Accounting and Reporting by Chariti¢s'. Statanent of R¢¢i)mmended Practice applicable to tharities preparing their accounts in accordanc¢ tELe Financial Reporting Stgndatd appILble in the UK aThd Republic of IrelÉmd {FRS 102) (effethiv¢ l Jalluary 2019),, Fin8n¢ial R¢purling Stalldard 102 'The FinanGial Reporting standard applicable in th¢ UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under th¢ hLStorical cost conventiotL. Income All tncome is Tecogmised in th¢ Stslement of Financial Activities once the Charity has entitlement to th¢ ELdS, it is probable that the income will k reeeived and tbe amount can be measured reliably. Ineome from charitable tradiiig activities is th¢ tot81 at)]ount reeeivablc by the company for goods Suppli and services provided, ¢x¢luding VAT and trade discounts ExpeDdihEre Liabilities recognised as ¢Xp¢nditi¥ as soon as (here is a legal constructive obligation ¢(Mittl1]g the charity to that exr£nditur¢, it is priA)able tbat d transler ofeconomic LEnefits will be required in settlement and the amount of the obligation be m¢a8wed rtliably. Expenditur¢ is account&1 for on 8n acciuils basis and has been classified der headings that aggr¢gT•atE ali cusl relatrd to th¢ category. Where costs cannot be directly kttributed to pticUl headings they ha alluLUd to aciivities on a basig consistent with the use of resources. Tangible fixed assets Ail fix assets are included at thew historic cost. It is the chatitys policy Trot to capitalige individual items witb & value less than £200. Depreciation is provided at the following llua1 rates order to WTitc off each asscl over its estinated useful life. Printcrs are depreciated at 200/0 1)n a straight lin¢ ba9iS Folding machines Ipart of printing equipment) are dq)rwialed at 10/0 on a straight line basis All other fixed agsets are depreciated at 25 % on a straIt line basis Stocks St(Kks are valued atthe lower of cost and net realisable valu¢, after ]naktiig due allowanc¢ for obsolste and slow moving items. Donated stock is given to the charityby a Iwal tharitable oiganisatim. Thc amounts donated are not SilfiCallt by valllc of dontLtion (Ir when passed on through th¢ charity as they are used by trairteES andhenee not accounted Taxatio The aLty is extmpt from corporation t Im its choritabl¢ artivities. Fund accounting Uiir¢stricted fullds can be used in aceordance with die charitabl¢ Objectiv atthe discretion of the trustees. Page 12
SOUTHSIDE REHABILITATION LIMITED Notes to the Flnaneial Statements - colltinued for the year ended 31 Elllarch 2021 Accounting poliues- eontinued FuDd accounting Restricted funds can only be used for parti]r r¢stri¢ted pw)oses within the obj¢cts of the dritY. Restrictions arise specified by the donor or when funds ar¢ raised for particular restricted purposes. Further explanatiin of the nature alld pwpose of each ftmd i3 in¢lud¢d in Ihenotes to the fin8ncial statements. Hire purchase leasing eommitments Rentals paid under Operat]g leases are charged to dLe gtstement of Financial Activitteg on a straight line basis over the period of the Ie. P¢n5iQn COSts and other Post-retirement benefits The charitable company operates a defined contribution pellsion scheme. Contributions payable to the charitable company's pension Scheme are chged to th¢ Ststement of Ftnancial Activities in the peri(Nl to which theyrelate. Resources expended the basis of llloeation of costs RureeS expended are a£eounted f(Y oil a arUa]S b8sL8. Resourc expended have IeTh classified under he&dings that aggregate cc6ts attributable to thÉLt speeific activity. Ivhete costs cannot be directly attributedio parti¢ular he2dings theyhave beerA allocatEd on a basig on a basis consistent the usage of those resources. Governance costs are incurred in compliance with constitutional and statstoryrequirements. Investment income 2021 2020 BankInt&est Received 755 1,013 Net illeomel(expeDditure} Net in¢om&l(¢xpenditttre) is slated after chargin(Crediting)'. 2021 2020 Independe4]t eXll]ner's f¢ Depreciation- owied assets Hire of plant &id inachinery Odier operating leases 2,400 14,587 1,474 25,500 2,158 15,971 6.307 25,121 Page 13
SOUTHSIDE REHABILITATION LIMrrED Note% to the Financial Statements- continued for the year ended 31 Maryh 2021 Tru5tee8' retlluneration #nd benefits There were no trustees, remunw&tion or other benefits for thc year dea 31 March 2021 nor for tILE year ended 31 Marcb 2020. Truste, expenses There Mrere no trustees, expenses paid for the y¢ar ended 31 March2021 nor for the year dea 31 March 2020. Staff costs The average monthly number of employees during the year w&s as follow8: 2021 2020 io Charitabl¢ activities Support li 12 No employees rec¢iv¢d emoluments in excess of £60,000. Comparatives for the statrment of fillanelal actiTritie6 Unrestricted nd Restricted nd Total funds Ineome and ondowmcnts from Dotlations and Icga¢i¢s 285,646 285,646 ChAritahle Aetivilles Chariiable trading 140,748 140,748 Investment incoru¢ 1.013 Total 427,407 427,407 Expenditure o Ch#ritabl¢ 8ctiviti¢s Fundi'aising and publicity Costs of actLVLtiES til fijrtheranee of charitjes obj¢ct5 1,014 1,014 417.636 417,636 Tot41 418.650 418,650 NET INCOME 8,757 8,757 Pag¢ 14
sotrrHSIDE REHABILITATION LIMITED Note5 to the Finallcial Statements- eontinlled for the year ellded 31 Mareh 2021 Comparative$ for th¢ stit¢ment of finallelal activities- continued Unrestricted fund R¢stricted fid Total nds R¢¢ou¢lliation of fiinds Tot41 fMnd$ brought forwArd 302,613 302,613 Total funds carried forward 311,370 311,370 Tangible fixed as5¢t5 Kitchen equipment Clekning equipment Plallt and tools Computer hardware Cost At l Aprtl 2020 Additions 13,339 708 7,904 652 52,460 At 31 March 2021 14,047 652 Depre£i#tion At l April 20?0 Cknge for Irat 12,958 153 7,904 652 46,815 At 31 March 2021 652 F4et book vallle At 31 March 2021 936 3,698 At 31 March 2020 381 5,645 Page 15
sovrHSIDE REHABILITATION LDIrrED Notes to the Finanelal Statements- continued for the year emded 31 March 2021 TAnglble flxed assets - contlllued Fixtures Computer sofiwe Motor vehicle8 Printmg uipment fittings Totals Cost At l April 2020 Additions 12,432 80,093 24J79 112,923 304,182 708 At 3 1 March 2021 24 304 $911 epreciation At l April 2(J20 Ch2r8e for year 12,432 79,766 87 24079 79,257 264,163 14 At 31 hlarch 2021 79,853 24 278,750 Net book Falue At 31 Mar¢h 2021 240 At 31 hlareh 2020 327 40.019 st(ks 2021 2020 Sto¢ks 4,552 Debtors: aTnounts falling due Ivithin oll¢ y¢ar 2021 2020 Trade debtors Othcr debtors VAT Prq>&ym¢nts and accrlled ineome 5,530 22,049 2,150 7,770 19,761 31,969 Page 16
SOUTHSJDE REHABILITATION LIMITED Notes to the Ffinoncl*l Statements- contiDlled for the yeAr ended 31 Mareh 2021 io. Creditors: Amounts fAlling due ryth1ll one year 2021 2020 Trade creditors Social security and other tsxes VAT Other creditors Accrued expenses 89 5,140 2,242 4,000 2,567 6,000 2,400 6,IKIO 5,700 16,929 17,209 ii. Leasing 8greemeDts Minimum lea$¢ p4)m¢nts der non-callcellable operating leasBS fall due as follows.. 2021 2020 Within one year Between one and five years 25,500 31,875 25,500 57,375 57J75 82.875 12. Mov¢ment fund$ Net 0vemet in fid5 At 3 1.3.21 At 1.4.20 UDre3tricted frd% General fitnd 311,370 49,504 360,874 TOTAL FUNDS 311370 360 874 Net movement in fi]llds, inoluded in the above are as follows.. lts¥oming regour¢e8 Resources expended Movement in fimds Unrestrieted fwidg General fwid 414,21S (364,711) 49,504 TOTAL FUNDS 414 215 364 711 Page 17
SOUTHStDE REHABILITATION LllVITfED Notes to the Fin8Dcial Stgtement5 - continued for the year ended 31 March 2021 12. Movement ID funds - Contillued Comparatives for movement in fund5 Net movement in fund3 At 31.3.20 At 1.4.19 Unrestricted fud8 (Fetieral timd 302,613 8,757 311,370 TOTAL FUNDS 302,613 8,757 311,370 Comparativ¢ net movement in funds, included in the ale are as follows: Incoming re80urc£g R&%ourees expended h4ovement in fund8 Ullrestrl¢tsd funds General fvnd 427,407 (418,650) 8.757 TOTAL FtJNDS 427,407 418,650 8,757 A curr1 year 12 months 2TLd wior year 12 month8 combined sItiOn is as follows.. Net movejnent in funds At 31.3.21 At 1.4.19 Unrestricted funds Gtn¢ral fund 302,613 58.261 360,874 TOTAL FUNDS 302,613 58,261 360,874 Page 18
SOUTHSIDE REHABILITATION LfMrrED Notes to the Financial Statements - continued for the year ended 31 MAreh 2021 12. Movement in funds- conthilled A current year 12 months and pri year 12 montbs Combined n¢t movement in fimds, included in the ave are as followg: Incoming re$our¢¢$ Resour¢e$ ¢xpended Movernent in fimds Ullre5tricted funds tieneral fifftd 841.622 (783,361) 58,261 TOTAL FUNDS 841622 783,361) 58,261 13. Related party dls¢105ures There wcre norelated pty transactions for the year ended 31 March 2021. This page d(9 not form part of tbe statutory finallcial 8tatem¢nts Page 21