Re8iStered Charlty Number. 1060417
THE SOCIETY FOR THE UNWELL AND NEEDY
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2023
ASAD RAHIM & CO.
CHARTERED CERTIFIED ACCOUNTANTS
8 PARK WAY
EDGWARE
MIDDLESEX HA8 5EZ

THE SOCIETY FOR THE UNWELLAND NEEDY
FOR THE YEAR ENDED 31 DECEMBER 2023
CONTENTS
Page
Legal and Administrative Information
Trustees Report
24
Independent Examiners, Report
Statement of Flnanclal Activlties
8alance Sheet
Note5 to the Financial Statements
&ii

THE SOCIETY FOR THE UNWELL AND NEEDY
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023
Charlty Registration Number
1060417
Address
3 Shortlands
Hammersmith
London
W6 8DA
Trustees
Mr Sayed Ahmed Tariq Mir
Mrs Iram Malik Myford
Mr Michael Myford
Mr Muhammad Naeem
Mr5 Lubna Khan
Mr Mohammad Khan
Independent Examlner
Asadur Rahim FCCA
Asad Rahim & Co.
Chartered Certified Accoutants
8 Park Way
Edgware
HA8 5EZ
Bankers
HSBC Bank PIC
I St Peters Street
Derby
Derbyshire
DEI 2AE
Page I

THE SOCIETY FOR THE UNWELL AND NEEDY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their annual report and financial statements for the year ended 31 December 2023 and confirm
that they comply with the Charities Act 2011, the trust deed and the Charities SORP (FRS 1021.
Governing Document
The Society for the Unwell and Needy is constituted as a charity and governed by a Trust Deed adopted on24
September 1996, amended by supplimental deed on 13 January 1997.
Alms and Objectives
The aims and objectives of the charity are..
* To promote education through schools, colleges, Universities and vocational training programmes;
* To relief poverty and provision of aid to needy,.
To provide general support includin8 food to needy:
* To provide medical aid and medical supplies to the needy.
To provide financial assistance to destitute, needy and improverished widos and orphans.
Structure of the Organisation
The charity's trustees are responsible for management of the charity. The trustees 8ive their time freely and receive
no remuneration or any other financial benefits. The trustees meet together as a body on a regular basis and are
responsible for making decision in relation to running the organisation effectively. The trustees have set up
managing committee for the smooth running of the charity and to maintain its day to day finances.
The existing trustees are responsible for appointment of new trustees. The trust deed provides for a minimum of
three trustees. Future trustees shall be appointed by a resolution of the trustees passed at a special meeting. In
selecting a trustee, the trustees shall take into account the benefits of appointing a person who through residence,
occupation,m employment or otherwise has special knowledge of any areaof benefit or who is able to by virtue of
his or her personal or professional qualifications to make contribution to the pursuit of the objects or management
of the charity,
Rlsk Management
The trustees have assessed the risks the charity faces and review these risks regularly at their meeting and confirm
that systems are in place in order to manage these risks and necessary steps can be taken to manage the risks that
have been identified.
Achievements and Performance
Public school, Library and Universlty
The public library was established in 2007, It is designed to assist the students particularly with reference books and
extensive computer facilities. It is very popular among students and continue to expand with the support of the local
community.
Page 2

THE SOCIETY FOR THE UNWELL AND NEEDY
REPORT OF THE TRUSTEES {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
SUN Academy Ischooll started to function in April 2010 with admission of 125 underprevileged children in KGI class.
The aim of the school is to provide top class education at almost no cost basis. The school has been a great success.
At the end of 2022 it has 1,100 students up to year Ten, who was promoted for matriculation in spring 2023. In a
short period of nine years the Academy ranks among the top schools in the city. The school charged nominal fees for
the first five years from all students but to cover the costs of increased numbers, it started to charge fees from
paying students. At present 60% students still pay nominal fees and other 40% pays a compitable fee. The school
receives overwhelmin8 number of applications for admissions every year. The education standards are not
comprami5ed in any way. The trustees are satisfied with the pro8ress of the school and one of the trustee spends
considerable amount of time in the administration of the school on location.
SUN (UK) planned a university during 2007 and 2010 with the guidance of Deans of UK Universities. The technical
univrsity became functional with the intake of under-graduate students in 2013. The university is being run under
the direction of Ministry of Education, Sindh Government and NHU University.
First batch of matriculation students successfully passed the exam with 100% success rate and 40% achieved A+
8rades.
SUN IUKI Intends to expand the charity's activities within the UK and to be able to do that they are actively looking
for more trustees to carry out the work here.
Publlc Beneflt
The trustees confirm that they have reffered to the guidance contained In the Charity Commission's general
guidance on public benefit when reviewing the charity's objectives and activities and in planning future activities. It is
the judgement of the Trustees that activities in pursuit of the objectives fully meet the public benefit test, which
they have kept in mind in planning programmes for the charity.
Financlal Revlew
The financial statements are set out on pages 6 to 11 have been prepared in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland Charities SORP IFR5102).
Surplus / {Deficit} on Ordinary Activities
Retained Reserve Brought Forward
Retained Reserve Carried Forward
14,116}
78.310
74,194
Page 3

THE SOCIETY FOR THE UNWELL AND NEEDY
REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees Responsibllltles to the Financial Statements
The charity's trustees are responsible for preparation of financial statements in accordance with applicable law to
charities in England and Wales which gives true and fair view of the state of affairs of the charity during the financial
year. In preparing the financial statements, the trustees are required to:
* Select suitable accounting policy and the apply them consistently;
* follow the methods and principles in the Charities SORP,.
make judgments and estimates that are reasonable and prudent,.
* state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
prepare financial statements on the 8oin8 concern basis unless it is inappropriate to presume that the
charity will continue in business.
The trustees are responsible for keeping proper accountin8 records that disclose with reasonable accuracy at any
time the financial position of the charity and to enable them to ensure that the financial statements comply with the
Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence taking reasonable
steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees and signed on their behalf by:
Syed Ahmed Tariq Mir FCA
Chalr of Trustees
Date:
12 September 2024
Page 4

THE SOCIETY FOR THE UNWELL AND NEEDY
INOEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES AND MEMBERS
I report on the financial statements of The Society for the Unwell and Needy for the year ended
31 December 2023, which set out on page5 6 to 12.
Respectlve Responslbllltles of Trustees and Examlner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an
audit is not required for this year under section 144 of the Charities Act 2011 (the charities Act) and that an
independent examination is needed.
It is my responsibility to..
examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission {under
section 14515llbl of the Charities Act, and
to state whether particular matters have come to my attention.
Basis on Independent Examlnerfs Statement
My examinatlon was carried out in accordance wlth general directions given by the Charlty Commission. An
examination includes a review of the accountin8 records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and
seekin8 explanations from the trustees concerning any such matters. The procedures undertaken do not provide all
the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts
present a 'true and fairf view and the report is limited to those matters set out in the statement below.
Independent Examinerfs Statement
In connection with my examination, no matter has come to my attention..
l. Which gives me reasonable cause to believe that in, any material respect, the requirements:
to keep accounting records in accordance with section 130 of the Charities Act; and
to prepare accounts which accord with the accounting records and comply with the accountlng
requirements of the Charities Act
have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Asadur Rahim FCCA
Asad Rahim & Co.
Chartered Certified Accountants
8 Park Way
Edgware HA8 5EZ
12 September 2024
Page 5

THE SOCIETY FOR THE UNWELL AND NEEDY
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted
Funds
Total Funds
2023
Total Funds
2022
Notes
Incoming Resources
Donations
Income from Investment Property
973
26,960
973
26,960
2,458
24,925
Total Incomlng Resources
27,933
27,933
27,383
Resources Expended
Charitable Activities
Governance Costs
Other Resources Expended
3,200
17,900
10,949
3,200
17,900
10,949
5,000
12.770
18,129
32,049
32,049
35,899
Net Movements In Fund
Total Funds Brought Forward
{4,116}
78,310
14, 1161
78,310
18,5161
86,826
Total Funds Carrled Forward
74,194
74,194
78,310
There were no recognised gains and lossess for the year other than stated in the statement of financial activities
above. All incomin8 resources and resources expended derived from continuing activities.
Page 6

THE SOCIETY FOR THE UNWELL AND NEEDY
BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2023
Notes
2023
2022
Fixed Assets
Tangible Assets
Investment Property
1,320
246,228
1,920
246,228
247,548
248,148
Current Assets
Debtors
Cash at Bank
608
45,432
48,418
48,418
46,040
Creditors: amounts falling due
wlthln one year
134,027)
128,1331
Net Current Assets
14,391
17,907
Total Assets Less Current Llabllltle5
261,939
266,055
Creditors: amounts falling due
after more than one year
io
1187,7451
{187,7451
Net Assets
74,194
78,310
The Charltvs Fund
Unrestricted General Funds
li
74,194
78,310
Total Funds
74,194
78,310
Approved by the trustees and signed on their behalf by..
Syed Ahmed Tarlq Mlr
Chalr of Trustees
12 September 2024
Page 7

THE SOCIETY FOR THE UNWELL AND NEEDY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting Policies
1.1 Basis of Accounting
The financial statements have been prepared in accordance with the Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reports Standard
applica ble in the UK and Ireland Charities SORP {FRS 1021 Issued in July 2014 and the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011.
1.2 Incoming Resources
All income is recognised in the statement of financial activities once the charity has access to the funds, it is probable
that the income received and the amount can be measured reliablv.
1.3 Resources Expended
Liabilities are recognised as soon as there is a legal or construttive obligation committing the charity to that
expenditure. All expenditures are taken into consideration on an accruals basis and have been classified under
appropriate heading in the statement of financial actlvities.
1.4 Tanglble Fixed Assets and Depreclatlon
Tangible flxed assets are stated at cost less depreclatlon. Depreclatlon is provided to write off cost of the asset over
its expected useful life. The followin8 rates apply:"
Fixtures and Equipment
20% straight line
1.5 Flxed Asset Investments
The fixed asset investment consist of investment property to earn rental income and capital appreciation.
Fixed asset Investments are initially recorded at cost and subsequently stated at cost less any accumulated
impairment lossess.
1.6 Flnanclal Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic
financial instruments are initially recognised at transaction value and subsequently measuredat their settlement
value.
1.7 TaxAtiOD
The charity is exempt from tax on its charitable activities.
Page 8

THE SOCIETY FOR THE UNWELL AND NEEDY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted
Funds
Total Funds
2023
Total Funds
2022
2. Income from Investment Property
Rental Income
26,960
26,960
24,925
26,960
26,960
24,925
Unrestrlrted
Funds
Total Funds
2023
Total Funds
2022
3. c.haritable Activities
Donations
3,200
3,200
3,200
3,200
5,000
5,000
Unrestricted
Funds
Totsl Funds
2023
Total Funds
2022
4. Governance Costs
Rent Payable
Repairs and Maintenance
Agent's Commission
Independent Examinatlon
Print, Postage and Stationery
Loan Interest
Bank Charges
1,281
8,010
2,513
1,200
42
4,694
160
1,281
8,010
2,513
1,200
42
4,694
160
1,562
3,793
932
1,290
242
4,694
257
17,900
17,900
12,770
Unrestrlcted
Funds
Total Funds
2023
Total Funds
2022
5. Other Resources Expended
Legal and Professional
IT and Website Expenses
Insurance
General Expenses
Depreciation on Fixtures & Equipment
9,300
9,300
10,734
5,874
886
155
480
1,049
1,049
600
600
10,949
10,949
18,129
Page 9

THE SOCIETY FOR THE UNWELL AND NEEDY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
6. Tangible Fixed Assets
Total
Cost
At l January 2023
3,000
3,000
Depreciatlon
At l January 2023
Charge for Year
1,080
600
1,080
600
At 31 December 2023
1,680
1,680
Net Book Values
At 31 December 2023
1,320
1,320
At 31 December 2022
1,920
1,920
7. Fixed knet Investments- Investment Properties
Total
Cost
At l January 2023 and
31 December 2023
246,228
246,228
8. Debtors
2023
2022
Prepayments
608
608
9. Creditors: Amounts falling due
within one year
2023
2022
Trade Creditors
Accruals
3,375
30.652
3,375
24.758
34,027
28,133
Page 10

THE SOCIETY FOR THE UNWELL AND NEEDY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
10. Creditors: Amounts falling due
after more than one year
2023
2022
Loan
187,745
187,745
The loan was received from MQM during 2￿9 to facilitate to acquire the property. It is a concessionary (social
investment) loan repayable in 2029 and the interest charges at 2.5% fixed.
11. Unreslricted Funds
2023
2022
Balance Brought Forward
Add,. Incoming Resources
78,310
27,933
86.826
27,383
106,243
132,0491
74,194
114,209
135,899)
Less: Outgoing Resources
Total Unrestricted Funds
78,310
Page 11