Charity registration number 1002882 (England and Wales)
Company registration number 02572177
SOUTHSIDE REHABILITATION LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

SOUTHSIDE REHABILITATION LIMITED
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Gtyn Kyle {Chair)
Rhiannon Hughes (Trustee)
Laura El-Bahrawy (Trustee)
Elizabeth Duthie ITrusteel
Stephanie Correia (Trustee)
Anthony Lock ttrustee}
Pamela Newman (Trustee)
(Appointed 17 April 2024)
Charity number {England and Wales
1002882
Company number
02572177
Registered office
45 Knights Hill
London
SE27 OHS
Independent examiner
Ellacotts LLP
Counirywide House
23 West Bar
Banbury
Oxfordshire
England
OX16 9SA
Bankers
Natwest
Peckham Branch
65 Peckham High Street
London
SE15 5RY
Solicitors
Russel Cooke
2 Putney Hill
London
SW15 6AB

SOUTHSIDE REHABILITATION LIMITED
CONTENTS
Page
Trustees. report
Independent examinerfs report
Statement of financial activities
Balance sheet
statement of cash flows
10
Notes to the financial statements

SOUTHSIDE REHABILITATION LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report
wilh the financial slatements of the charity for the year ended 31 March 2024. The trustees have adopled the
provisions of Accounting and Reporting by Chartties= Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 102) (effective 1 January 2019).
Legal and administrative infomialion set out on the introductory pages fomi part of Ihis report. The financial
Statements compty with current statutory requirements, the Memorandum and Articles of Association and the
Statement of Recommended Practice- Accounting and Reporting by Charities=
Objectives and activities
The charity was established 'for the advancement of the science and Practi￿ of Work Rehabilitation as a technique
for the relief and rehabilitation of persons suffering from long-temi mentsl ill heallh.. In relation to the principle of
public benefit, our aim is to as51St Ihese disadvantaged people to achieve their aim of recovery and Social inclusion,
including attaining open employment.
We are dedicated to a planning approach that prioritises each individual's unique needs, regardless of their abilities
or challenges. We are a not-for-profit organisalion supporting individuals with severe mental illness who face
societal exclusion due to their condition. They often experience challenges such as povety. social isolation,
unemployment and stigma, among other disadvantages. Our aim is to provide and maintain high quality services in
order lo enable our clients lo recover and achieve Iheir goals. The service enables each client to reach a high level
of independence in all areas of their life including those not directty related to work, such as housing, medication
managemenl, and social skills. This helps them to become socially included.
strategies for achieving aims and objectives
The charity, located in Southeast London. focuses on offering structured days filled with purposeful activities, real
work experience, and support to help individuals recover and progress in their lives. To achieve this, we operate
three small, non-profit businesses
printing, catering. and cleaning ihal serve both internal departments and
extemal customers. We also provide basic IT training, recognizing the growing importance of digital skills in daily
life. Each department is managed by a supeNisorlkeyworker who oversees operations and provides Ihe support
and training for the clients. These supervisors are hired for their specific expertise, such as a cook for the catering
department. Additionally, all stsff receive training related to mental health upon slarting their eryloyment. staff
receive training at the slart of Iheir employment and every 3 years in Health and Safety, Safeguarding, Manual
Handling and First Aid. Annual appraisals are conducted. and all staff are encouraged and supported to attend
courses related lo their job and their career aspirations. The charity employs 10 slaff, 5 full lime and 5 part-lime,
comprising 4 men and 6 women. It is an ethnicalty diverse group. reflecting the diversty of the lo￿1 population.
Since April 2015, we have aligned with the Local Authorilies and Clinical Commissioning Groups we work with by
becoming a London Living Wage employer. This commitment poses a financial challenge for the organization, as we
have no control over the annual increase, which has varied from under 1 Yo to 1 OOA in April 2024.
We have all the policies and procedures in pla￿ required to protect the interests of staff, clients and customers. We
use our Trustees and independent external Health and Safety, HR and Occupational Heamh Consultants to add to
the expertise available to staff.

SOUTHSIDE REHABILITATION LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Criteria used for assessing success
All our clients are assessed by qualified professionals before referral. and a risk assessment is conducted if needed.
Upon referral, the department supervisorlkeyworker meets with them. and their first four weeks are probationary.
We also welcome self-referrals for Ihose interested in attending. During this time the client is supported to complete
Recovery Star, a self-assessment tool that helps people to identify areas which require improvement and set
goals. Close links are kept with their Care Co-ordinator in the community in order to facilitate communication. Most
of our clients are on the Care Programme Approach and are regulaty seen by their Care Co-ordinator.
Al present, although we offer training and support to anyone with a mental heallh condition aged over 18, we
receive very few referrals from those who are 18-24. Many of our clients are ex-offenders.
Those on Disabilty Living Allowan￿ are not often eligible for the Personal Independent Payment and we are in a
continuous battle to ensure our clients receive a Freedom Pass. the absen￿ of which would have a major impact
on their ability to gel around and be more soaalty included. SRA reimburse clients who have to pay for Iravel lo and
from our services, so lack of a Freedom Pass is a fijrther burden to the organisation. Fortunately, n￿st clients can
apply for a Discount Oyster Card which halves the cost of each joumey.
On average it takes 2 years to get someone to work readiness. It can take this long because most rEople when
referred have nol worked for 10 years or more. and some may not have worked al all. During ihe last few years
worklessness has moved up the Govemmenvs agenda and. both at a local and national level, much energy is being
focussed on how to change things to get more people into work. When unemployment is high, it is even more
difficult for our clients lo find jobs as they are competing with people who have recently been in employment. have
higher qualifications, and more experien￿. There can also be issues for clients offered zero hour contracts.
We also offer volunteering opportuntties and work placements to members of our local cornmunty. including work
experience weeks for school students. It is essential that we are an integral part of our local comnwnity. We work
closely with a nearby communty facility, The Portico Gallery. and as a result they raise monies for us at special
Love TKO Sound, Soul & Reggae DJ events open to clients. their families and supporters of the charity. We were
delighted when our Patron. Helen Hayes MP attended one of these events. This relationship continues to develop.
We have an established partnership with Urban Art, a local outdoor art exhibrtion, making us one of the charities
they sponsor. Annual events are held in Brixlon where we, along with 3 other organisations, volunleer lo help run
the event. We receive 5 % of the sales proceeds as a donation to our charity- After the pandemic, the 2021 exhibition
was virtual and did not raise funds for charities, but fortunatety the event retumed in 2022 and has gone from
strength to slrength. In 2023 we raised £1.668. Throughout the year, we have raised another £6,333 in donations
through events and sponsorship from taking part in the London Marathon, London Big Half and other events.
We were very fortunate to be included in a newspaper article towards Ihe end of 2023, highlighting the Felix Project
who save thousands of tonnes of food from waste. SRA receive a weekly donation of vegetables, fruits, meat, fish
and dairy which supports our catering service and our abilty to provide a free nutrttious lunch. The arlicle also
focused on one of our clients who struggles with debt, asking how she manages and how the food provided helps
her every week. After reading the arbcle, 2 members of the public made donalions to help individual clients with
debts and provide a Christmas meal.
We would like to lake this opportunity to thank all those who have supported us this year particuLarly our staff,
volunteers. customers. friends, donors and Trustees.

SOUTHSIDE REHABILITATION LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and perfonnance
Significant activities and achievements against objectives
In the year under review, we were delighted to be awarded a one year contract, with the option to extend to two
years, by Ihe Soulheast London Integrated Care Board. Southwark to provide 30 places for Soulhwark residents.
We continued to work with them to secure the optional extension.
In 2023124, we supported 71 dients, Wth over 750/0 from ethnic minority communities and 570/D being male. We
received 27 referrals and saw 20 clients move on during the year. Of those discharged, one relocated to a different
area, Iwo transilioned into supported employment, and one moved to lower support accommodalion and chose to
stop attending. Unfortunately, two clients passed away unexpectedly. The remaining clients left either due to a lack
of molivalion or lo explore other opportunf(ies.
We encourage all our clients to attend Adult Education or engage in volunteering to enhance their skills and
knowledge. This experience is invaluable when applying for jobs. During the year 3 clients continued to volunleer al
other services, 7 accessed other regular activities induding going to the gym. guitar lessons and gardening, and 8
are actively looking for work.
Significant factors
During the year we had to raise two safeguarding issues due to concems over client's safety and ￿lIbeIng. In both
cases, we were able to liaise with authorities and care workerslclinicians to resolve some of the issues that involved
the health and safety of our clients.
Fundraising praCtI￿S
Unlike many other mental health sep4ices, our attendance level is over 80Yo, which is 10¥0 above our contract. We
lose less than 1 % during the initial induction period. This rellects the hard work we put into engaging and retaining
people who present with a number of complex mental health and social issues induding social exclusion.
We also continue to develop good relationships with voluntary sector organisations. providers in the statutory and
the private seclors and our local communty. We play an aclive role in West Notwood and Camberwell where our
setvice5 are based. We have carried out some joint events and are actively participaling in Station to Station, a
project to help small businesses in West Norwood.
The Design Council project to develop and implement a project Oviva to improve the physical wellbeing of our
clienls commenced in January 2022. This program was successfulty concluded in 2023.
Since the loss of grant funding from Lambeth. reported last year. we have successfulty applied for grants to maintain
and improve our services. including to unfunded Lambeth residents.
We were delighled to be awarded a 3 year granl by the Cty Bridge Foundation to expand our se￿l¢e$ into
neighbouring boroughs, also served by South London and Maud51ey NHS Trust. Not only wa5 this an endorsement
of our years of successful support for NHS Mental Health Services in our core boroughs, but also represents a
substantial opportunity for SRA to develop.
Towards the end of the period we also received notffication Ihal we were being successful in our application to the
Garfield Weston Foundation which will be reported more fulty in the next report.
Finally, we also received notification of our being successful in the United Kingdom Shared Prosperity Fund. Town
Centre Improvement Fund from Lambeth Council. This covered kitchen improvements which has enabled Trustees
to reduce the designated resetves for the refvrbishment of our premises at Knights Hill.
We are very grateftjl for the support and endorsement of 811 our funders.

SOUTHSIDE REHABILITATION LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financial review
Total incoming resources include income received from the new NHS ICB Southwark contract, £93,622. logether
with the first quarter of the City Bridge Foundation grant, £195.396 over three years. £142,220 was income
generated from Ihe various activities in our non-profft businesses, an increase in 12Vo from the previous year.
Resources expended on charitable activities increased in the year to £432,884. The deficit for the year amounted to
£151,907, funded through our reserves. {2023 - surplus of £38,037). We continue to investigate all the possibilities
to increase incoming resources in order to address this position. Our thanks to all of our funders and to our
customers who are very loyal to us.
We continue to work hard to keep our overheads down and to increase the income generated through our sales in
order to keep the price of our training places down and ensure that every penny goes to our service users.
ReseNes policy
It is the policy of the Charrty that unrestricted funds which have not been designated for a specific use should be
maintained at a level equivalent to between three and six month's expenditure. The Trustees consider thal reseNes
al this level will ensure that. in the event of a significant drop in funding, they will be able to continue the Charity's
current activities while consideration is given to ways in which additional funds may be raised. This level of reserves
has been maintained throughout Ihe year.
The Managemenl Committee reviews annually the charity's need for reseNes in line with Ihe Charity Commission's
guidelines. Our Policy is to maintain free reserves equivalent to four months, expenditure less depreciation to meet
shortfalls in income or unforeseen expenditure.
The Management Committee agreed to designate a portion of its reserves for building works, including those
necessary under the temis of the lease, on our premises on Knighls Hill in 2023124. These were based on
estimates received from the freeholder and other quotes. The work was delayed by the UKSPF grant application
process.
Investment policy
Our investmenl policy is to achieve the highesl possible relums consistent wtlh maintaining adequate liquidity and
minimising risk, but this is very drfficuit in the present dimate. The present investment environment is very poor
which is reflected in the interest we have eamed this year.
Plans for future periods
Managemenl and slaff are working hard to mobilise our expansion into neighbouring boroughs served by SLAM and
funded by the Cty Bridge Foundation. This will be the focus of our report next year.
In order to address our existing fijnding gap the charity will continue to investigate all possibilities for increasing our
incoming resources. This covers the negoliations with new partners in new areas, possible additions and extensions
to existing services. logether with Ihe appropriate extension of our social enterprises.
These activities are designed to offer stability to the charity, extensions to the opportunities and training available lo
clients together with the opportunity for those living with severe mental illness in other London Boroughs to access
our valuable setvices.
Structure, governance and management
The Charity is a company limited by guarantee.

SOUTHSIDE REHABILITATION LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to
the date of signature of Ihe financial statements were=
Glyn Kyle (Chair)
Rhiannon Hughes (Trustee)
Laura El-Bahrawy (Trustee)
Elizabeth Duthie (Trusteel
Slephanie Correia ITrustee)
Anthony Lock (Trustee)
Pamela Newman (Trustee)
Doye Akinlade (Trustee)
(Appointed 17 April 2024)
(Resigned 1 February 2024)
None of the Trustees has any beneficial interest in the company. Al of the Trustees are members of the company
and guaranlee to conlribute £1 in the event of a winding up. The total number of such guaranlees al 31 March 2024
was 6.
Organisational structu
The charity is govemed by its Memorandum and Artides of Assouation adopted on 7th January 1991.
A Management Committee, which meets at least bi-monthty administers the charity- The committee appoints its
members, who are Ihe members of Ihe company. Members are chosen for the particular expertise they can bring to
the charity. The Chief Executive, Julie EkBahrawy, was appointed by the Management Committee to manage the
day-to-day operalions of the charity. Trustees have referred lo the guidance on public benefit when reviewing our
aim5 and objectives and when planning for the future. Tru51ees ensure that the charty carries out its object for the
public benefit. The sections below, Objectives and Activities. and Achievements and Perfomiance, provide the
evidence thal we have complied wth public benefft.
New Committee members are provided with infomation related lo structure, finances and strategic direction of
Southside Rehabilitation Ltd. as well as their roles and responsibilities. Training is also available, and a skills audit is
completed annually.
Going Concern
The Trustees have a duty to ensure that when presenting this report that the charity will be in a position to continue
its aclivities and meet ils liabilities for at least the next 12 months.
The Executive Committee frequentty confer with the CEO and Management team on current events and future
projections and the impact on the future of the company. An annual budget is prepared, and regular forecasl
updates for the current year and future periods are reviewed y the Executive Committee.
Our current projections show that the charity is expected to be able to meet its liabilities as they fall due for the
foreseeable future.
After carefijl consideration of these factors, the trustees have condude that the going concem basis of preparation
is appropriate.

80UTH8IDE REHABILITATION LIMITED
TRU3TEE8' REPORT IINCLUDINO DIRECTOR8, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Th• Truile•i' rewi wai •pprov•d ty th• Bo•rd of Tru•l881.
- 202+

SOUTHSIDE REHABILITATION LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SOUTHSIDE REHABILITATION LIMITED
I report to the Tnjstees on my examination of the financial statements of Southside Rehabilitation Limited (the
Charity) for the year ended 31 March 2024.
Responsibilities and basis of report
As the Trustees of the Charity {and also its directors for the purposes of company law), you are responsible for the
preparation of the financial stalements in accordance with the requirements of the Companies Acl 2006.
Having satisfied myself that the financial statements of the Charity are not required to be audit￿1 under Part 16 of
the Companies Act 2006 and are eligible for independent examinalion, l ￿port in respect of my examination of the
Charity's financial statements carried out under sedion 145 of the Charities Act 2011. In carrying out my
examinalion I have followed the Directions given by the Charity Commission under section 145151{b) of Ihe Charities
Act2011.
Independenl examinerfs statement
Since the Charity's gross income exceeded £250,000, the independent examiner must be a member of a body
lisled in section 145 of the Charities Act 2011. 1 confim) that l am qualified to undertake the examination because I
am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no rnatters have come to my attention in connection with the
examination giving me cause lo believe that in any material respect=
accounting records were not kept in respect of the Charity as required by section 386 of the Companies Act
2006.
the financial statements do not accord with those records.. or
the financial statements do not compty with the accounting requirements of section 396 of the Companies Act
2006 olher than any requirement Ihat the financial statements give a true and fair view, which is ncrt a matter
considered as part of an independent examination., or
Ihe financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their financial ststements in accordance with the Financial Reporting Slandard applicable in the UK
and Republic of Ireland (FRS 102).
I have no concems and have come across no olher matters in connection with the examination lo which attention
should be drawn in this report in order to enable a proper understanding ofthe financial statements to be reached.
Charlotte Toemaes Bsc FCA
Ellacotts LLP
Countrywide House
23 West Bar
Banbury
Oxfordshire
OX16 9SA
England
Date..
23112124

SOUTHSIDE REHABILITATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
2024
Restricted
funds
2024
Total
Unrestricted
funds
2023
2024
Notes
Income from:
Donalions and legacies
Charitable activities
Inveslments
19.202
142.220
8.808
110.747
129,949
142,220
8,808
320,043
126,790
1,482
Total income
170.230
110.747
280.977
448.315
Expendilure on:
Charitable activities
322.137
110,747
432.884
410,278
Total expenditure
322.137
110,747
432.884
410,278
Net incomel{expenditure) and movement in
funds
{151,907)
(151,9071
38,037
Reconciliation of funds:
Fund balances at 1 April 2023
431.198
431.198
393,161
Fund balances at 31 March 2024
279.291
279,291
431,198
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

80UTH81DE REHABILITATION LIMITED
BALANCE 8HÉET
A8 AT 31 MARCH 2024
2024
2023
Not••
Flx•d ••MI•
T•nglble a•Mts
12
14,737
23110
Currnnt ii••ts
13
14
23,582
384,592
30,297
398.331
Clih at ￿nk arKI In ￿nd
391,677
432,131
Cr•dltorn: amounts fllllng du• wlthln
on• y•ar
1127,123)
(24.7431
N•1 currnnt a•#•l•
407.388
Total ••••ts l••# curv•nt Il•bllltle•
279,291
431.198
Th• fund# oltho Chlrlty
Unrestrfcted funds
279,291
431.1Q8
279,291
431,198
The company Is enJtled to Ihe exemptjon from tho aud￿ requlMm¢nl contslnod In 8e¢tlon 477 01 the Companhi Acl
2006, for the year ended 31 March 2024.
The dlre¢tors acknowigdge thelr respon8lbllUei for comthlng wlth the rgqulrem•nts of the Comparlos Ad 2006
wllh rn8pect to 8ccountkng r•cord8 and th• prepar8tlon of flnandal stslermnts.
The members have not requlred th• company to obtaln an audtt of Its ilnandal it9terr￿lI for the year In questlon In
accordance Sectlon 478.
These flnanctol slatsm8nl8 have been pr8p8réd In accordanco wlth the p￿￿$10n& appllcabla to companies subi•ct
to the small ￿MpanIeS regtme.
The financlal stalem¢
El.nkOr 2oL+
ts were approved by thè TnJ8ts81 on.................
Gly
Kyle I
Company regl6traUon number 02572177 (England and Wal861

SOUTHSIDE REHABILITATION LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash (absorbed byllgenerated from
operations
21
{42,547)
40,749
Investing activities
Investment income received
8.808
1.482
Net cash generated from investing
activities
8,808
1,482
Net cash used in financing activities
Net Idecreasellincrease in cash and cash
equivalents
{33,739)
42,231
Cash and cash equivalents at beginning of year
398,331
356,100
Cash and cash equivalents at end of year
364,592
398,331
10-

SOUTHSIDE REHABILITATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity infomiation
Southside Rehabililation Limiled is a private company limited by guarantee incorporated in England and
Wales. The registered Offi￿ is 45 Knights Hill. London, SE27 OHS. The Charities Company registration
number and Charity registration number can be seen by referring to the Legal and Adminislrative information
page at the beginning of this document.
1.1 Accounting convention
The financial statements have been prepared in accordance wrth the Charity's governing document, the
Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in Ihe UK and Republic of
Ireland" and the Charities SORP "Accounting and Reporting by Chartties.. Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102)" The Charity is a Public Benefit Entty as ￿fined by
FRS 102.
The financial statements are prepared in steding. which is the functional currency of the Charity. Monetary
amounts in these financial stalements are rounded lo the nearest £.
The finan￿31 statements have been prepared under the historical cost convention. The principal accounting
policies adopled are sel out below.
1.2 Going Concern
At the time of approving the finanaal statements, the Trustees have a reasonable expectation that the Charity
has adequate resources lo continue in operational exislence for the foreseeable fulure. Thus the Trustees
continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charilable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the Charity is legalty entitled to rt after any performance conditions have been
met, the amounts can be measured reliably, and it is probable Ihat income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified
of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in
relation to donations re￿iVed under Gfft Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise rf the Charity has been notified of an impending distribution,
the amounl is known. and receipl is expected. If the amount is not known, the legacy is Irealed as a
contingent asset.
11

SOUTHSIDE REHABILITATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third paty, it is probable thal a Iransfer of economic benefits will be required in settlement. and Ihe amount of
the obligation can be measured reliabty.
Expenditure 15 classified by activty. The costs of each activity are made up of the total of dIr￿t cost5 and
shared costs. including support costs involved in undertaking each activity- Direct costs attributable to a single
aclivity are allocaled direclly to that activty. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned be￿een those activities on a basis
consistenl with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the assevs use.
1.6 Tangible fixed assets
Tangible fixed assets are initialty measured at cost and subsequentty measured at cosl or valuation, nel of
depreciation and any impaimient losses.
Deprecialion is recognised so as lo write off the cost or valuation of assets less their residual values over Iheir
useful lives on the following bases..
Computer Hardware
Computer Software
Kilchen & Cleaning equipment
Plant and Tools
Fixtures and frttings
Printing Equipment
Motor vehicles
25 %-33 % Slraight Line
25¥0 Straight Line
25 % Straight Line
25Yo Straight Line
25 % Straighl Line
10 %-20VD Straight Line
25 % Straighl Line
The gain or loss arising on the disposal of an asset is detennined as the difference be￿een the sale proceeds
and the carrying value of the asset, and is recognised in the slatement of financial activities.
1.7 Impainnent of fixed assets
At each reporting end date, the Charity reviews the carying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impaimenl loss. If any such Ind￿atIOn
exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impaimient
loss {rf any).
1.8 Stocks
Slocks are slated at Ihe lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable. direct labour cost5 and those overheads that have been
incurred in bringing the stocks to their present location and condition. Items held for distribution at no or
nominal consideration are measured the lower of replacement cosl and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be
incurred in marketing, selling and distribution.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, other 5hort-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in currenl liabilities.
12-

SOUTHSIDE REHABILITATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.10 Financial instruments
The Charity has elected to apply the provisions of Section 11 '8asic Financial Instruments. and Section 12
'Olher Financial Inslrumenls Issues, of FRS 102 to all of its financial instruments.
Financial inslruments are recognised in the Charity's balance sheet when the Charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, wtlh the nel amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the assel and settle the liability simullaneously.
Basic financial assets
Basic financial assets. which indude debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequentty Ca￿led at amortised cost using the effective
inlerest method unless the arrangemenl constitutes a financing transaction, where Ihe transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities. induding creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the fulure payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost. using the effective interest rate method.
Trade creditors are obligations to pay for goods or servi￿$ that have been acquired in Ihe ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities rf payment is due within one
year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charitys contractual obligations expire or are discharged or
cancelled.
1.11 Employee benefits
The cost of any unused holiday ent￿e[￿ent is recognised in the period in which the employee's services are
received.
Temiination benefits are recognised immediately as an expense when the Charity is demonstrabty committed
to teminate the employment of an employee or to provide lemination benefits.
1.12 Retirement benefits
Payments to defined contribution retirernent benefft schemes are charged as an expense as they fall due.
13-

SOUTHSIDE REHABILITATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Critical accounting estimates and judgements
In the application of the Charity's accounting policies, the Trustees are required to make judgements,
eslimates and assumplions aboul the carying amount of assets and liabilities that are nol readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual resums may differ from these estimates.
The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimates are recognised in the period in which the estimate is revised where Ihe revision affecls cfftly thal
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donations and legacies
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Donations
Grants
Southwark CCG
City Bridge Foundation
9,202
10,000
9,202
10,000
93,622
17,125
2,677
317,366
2,677
317,366
93,622
17,125
19,202
110.747
129,949
320,043
320,043
Income from charitable activities
Unrestricted
funds
2024
Unrestricted
funds
2023
Charitsble activities
Catering
Print
SweepinglLaundry
Southside works
3,412
99,429
38,004
1.375
5,730
91,607
29,383
70
142.220
126.790
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Bank Interest receivable
8,808
1,482
14-

SOUTHSIDE REHABILITATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on charitable activities
Charitable Charitable
activities
activities
restricted
funds
2024
Total
Charitable
activities
2024
2024
2023
Direct costs
Wages & social security
Support workers
Management
Pensions
Consultancy Fees
Catering
Print
Sweepers & Laundry
Clerical
127,293
14,704
11,831
2,212
16,070
4,215
14,744
8,066
2,108
37,405
12,644
18,650
3,070
164,698
27,348
30,481
5,282
16,070
7,488
26,207
14,331
8,233
155,288
2,340
3,273
11,463
6,265
6,125
9,048
27,976
13,899
7,761
201,243
98,895
300,138
216,312
No Restriced Expenditure was incurred in the prior year (2023)
Share of support and governance costs (see note 71
Support
Governance
116,625
4,269
11,852
128,477
4,269
186,028
7,938
322,137
110,747
432,884
410,278
Analysis by fund
Unrestricted funds
Restricted funds
322,137
322,137
110,747
410,278
110,747
322,137
110.747
432,884
410,278
15-

SOUTHSIDE REHABILITATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs allocated to activities
Charitable
aclivities
Charitable
activities
restricted
funds
2024
Total
Total
2024
2024
2023
Staff costs
Depreciation
Training & Development
other Operating Leases
Motor & Travel
Insurance
Light & Heat
Telephone
Advertising
Repairs & Maintenan
Sundries
Poslage & Stationery
Governance
31.559
8.238
3.261
23.501
1.405
10.693
15.208
3.4PA
215
8.223
10.697
161
4.269
3,198
835
332
2,400
150
1,085
1,541
351
25
833
1,083
19
34,757
9.073
3,593
25.901
1,555
11.778
16,749
3.815
240
9.056
11,780
180
4.269
90,653
10,837
2,696
26,310
1,531
6,636
12,410
3,953
1,871
9,874
19,003
254
7,938
120.894
11,852
132.746
193,966
No Reslriced Expenditure was incurred in the prior year (2023)
Net movement in funds
2024
2023
The net movement in funds is ststed after chargingl{crediting)=
Depreciation of owned tangible fixed assets
9,073
10,837
Trustees
None of the Trustees (or any persons connected with them) received any remuneralion or benefits frcm the
Charity during the year.
10 Employees
The average monthly number of employees during the yearwas..
2024
Nurnber
2023
Number
Charitable Activities
Support
Total
11
16-

SOUTHSIDE REHABILITATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Employees
(Continued)
There were no employees whose annual remuneration was more than £60,000.
11 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
17-

SOUTHSIDE REHABILITATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Stocks
2024
2023
Catering stock
Copy shop slock
Sweepers stock
257
2.773
473
257
2,773
473
3,503
3,503
14 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Olher debtors
Prepayments and accrued income
20,972
9,370
3,580
17,347
2,610
23,582
30,297
15 Creditors: amounts falling due within one year
2024
2023
Notes
Other taxation and social security
Deferred income
Trade creditors
Other creditors
Accruals
10,315
88.661
2,497
6.200
19,450
4,331
16
12,012
6,000
2,400
127,123
24,743
16 Deferred income
2024
2023
Arising from Grant received in advance
88.661
Deferred income is included in the financial staternents as follow5.'
2024
2023
Deferred income is included within=
Current liabilities
88,661
Movements in the year..
19-

SOUTHSIDE REHABILITATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Deferred income
(Continued)
Deferred income at 1 April 2023
Resources defe￿ed in the year
88,661
Deferred income at 31 March 2024
88,661
17 Retirement benefit schemes
2024
2023
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
4.817
4,576
The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from Ihose of the Chartty in an independentty administered fund.
18 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
nol subjecl to spectfic conditions by donors and grantors as lo how Ihey may be used. These include
designated funds which have been set aside out of unrestricted fijnds by the trustees for specific purposes.
At 1 April
2023
Incorning
resources
Resources At 31 March
expended
2024
General funds
431.198
170,230
(322.1371
279,291
Previous year:
At 1 April
2022
Incoming
resources
Resources At 31 March
expended
2023
General funds
393,161
448,315
(410,2781
431,198
19 Designated funds
The designaled funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specrfic conditions by donors as to how they may be used.
At 1 April
2023
Incorning
resources
Resources At 31 March
expended
2024
110.747
(110.7471
-20-

SOUTHSIDE REHABILITATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Designated funds
(Continued)
At each year end, the Trustees delemine how much funds, if any, are to be designated for the purpose of
funding future capital projects andlor are released to fund existing projects.
The Trustees have designated £133,500 in total. £71.500 is to be spent on the refurbishment of KnvJhts Hill
and the Trustees expect to cary this out over the &9 months from the date of Ihese accounts. The remaining
£62,000 is designated for replacement machinery for the print department and the Truslees expect to utilise
this amount within 12 months following these accounts.
Unrestricted funds available in 2024 are £279,291 {2023 £431.198) and a portion of this has been allocated
and ring fenced for capital projects. The capitsl projects that the Trustees have designated are for the
refurbishment of Knights Hill and replacement machinery.
20 Related party transactions
There were no disclosable related party Iransaclions during the year (2023 - none).
21 Cash {absorbed by)Igenerated from operations
2024
2023
(Deficit)Isurplus for the year
(151.9071
38,037
Adjustments for:
Investment income recognised in statement of financial activits'es
Deprecialion and impairment of tangible fixed assets
(8,8081
9.073
11,482)
10,837
Movements in working capital:
Ilncrease) in stocks
Decreasellincreasel in debtors
Increase in creditors
Increase in deferred income
13,503)
{30,297)
24,743
6,715
13.719
88,661
Cash {absorbed by)Igenerated from operations
{42,5471
38,335
22 Analysis of changes in net funds
The Charity had no material debt during the year.
21