LHS = number of $(m+1)$-element subsets of the set $\{1, 2, \ldots, n+1+m\}$.
(technically, it counts the $n$-element subsets but we can consider the complement)
Now take one of these subsets $S$ and denote its largest element by $x$. Consider $x$ fixed and let us count all possible $S$ with this given $x$. We choose remaining $m$ elements of the set $\{1, \ldots, x-1\}$, so we have $\binom{x-1}{m} = \binom{x-1}{x-1-m}$ possibilities.
Now, we can sum it through all possible $x=m+1, m+2, \ldots, m+1+n$. If we substitute $k=x-(m+1)$, we get exactly the RHS.