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2025-12-31-accounts

Registered Charity Number: 1060417

THE SOCIETY FOR THE UNWELL AND NEEDY

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

ASAD RAHIM & CO. CHARTERED CERTIFIED ACCOUNTANTS

8 PARK WAY EDGWARE MIDDLESEX HA8 5EZ

THE SOCIETY FOR THE UNWELL AND NEEDY

FOR THE YEAR ENDED 31 DECEMBER 2025

CONTENTS

Page
Legal and Administrative Information 1
Trustees Report 2-4
Independent Examiners' Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8-11

THE SOCIETY FOR THE UNWELL AND NEEDY LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2025

Charity Registration Number 1060417
Address 3 Shortlands
Hammersmith
London
W6 8DA
Trustees Mr Sayed Ahmed Tariq Mir
Mr Muhammad Naeem
Mrs Lubna Khan
Independent Examiner Asadur Rahim FCCA
Asad Rahim & Co.
Chartered Certified Accoutants
8 Park Way
Edgware
HA8 5EZ
Bankers HSBC Bank Plc
1 St Peters Street
Derby
Derbyshire
DE1 2AE

Page 1

THE SOCIETY FOR THE UNWELL AND NEEDY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees present their annual report and financial statements for the year ended 31 December 2025 and confirm that they comply with the Charities Act 2011, the trust deed and the Charities SORP (FRS 102).

Governing Document

The Society for the Unwell and Needy is constituted as a charity and governed by a Trust Deed adopted on 24 September 1996, amended by supplimental deed on 13 January 1997.

Aims and Objectives

The aims and objectives of the charity are:

Structure of the Organisation

The charity’s trustees are responsible for management of the charity. The trustees give 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 a 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.

Risk 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 University

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 2025

SUN Academy (school) started to function in April 2010 with admission of 125 underprevileged children in KG1 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 overwhelming number of applications for admissions every year. The education standards are not compramised in any way. The trustees are satisfied with the progress 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+ grades.

SUN (UK) 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.

Public Benefit

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.

Financial Review

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 (FRS102).

Surplus / (Deficit) on Ordinary Activities
Retained Reserve Brought Forward
Retained Reserve Carried Forward		 15,987
83,379
99,366

Page 3

THE SOCIETY FOR THE UNWELL AND NEEDY REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Trustees Responsibilities 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:

The trustees are responsible for keeping proper accounting 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 Chair of Trustees

Date: 27 April 2026

Page 4

THE SOCIETY FOR THE UNWELL AND NEEDY INDEPENDENT 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 2025, which set out on pages 6 to 12.

Respective Responsibilities of Trustees and Examiner

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:

Basis on Independent Examiner’s Statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting 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 seeking 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 fair’ view and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

  1. Which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper

  2. understanding of the accounts to be reached.

Asadur Rahim FCCA

Asad Rahim & Co. Chartered Certified Accountants 8 Park Way Edgware HA8 5EZ

27 April 2026

Page 5

THE SOCIETY FOR THE UNWELL AND NEEDY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

Notes
Incoming Resources
Donations
Income from Investment Property
2
Total Incoming Resources
Resources Expended
Charitable Activities
3
Governance Costs
4
Other Resources Expended
5
Net Movements in Fund
Total Funds Brought Forward
Total Funds Carried Forward		 Unrestricted
Funds
£
30,066
32,730
62,796
34,200
9,826
2,783
46,809
15,987
83,379
99,366		 Total Funds
2025
£
30,066
32,730
62,796
34,200
9,826
2,783
46,809
15,987
83,379
99,366		 Total Funds
2024
£
548
33,250
33,798
10,650
12,205
1,758
24,613
9,185
74,194
83,379

There were no recognised gains and lossess for the year other than stated in the statement of financial activities above. All incoming 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 2025

Notes
Fixed Assets
Tangible Assets
6
Investment Property
7
Current Assets
Debtors
8
Cash at Bank
Creditors: amounts falling due
within one year
9
Net Current Assets
Total Assets Less Current Liabilities
Creditors: amounts falling due
after more than one year
10
Net Assets
The Charity’s Fund
Unrestricted General Funds
11
Total Funds		 £
-
82,937		 2025
£
£
120
246,228
246,348
-
61,606
61,606
(37,430)
40,763
287,111
(187,745)
99,366
99,366
99,366		 2024
£
720
246,228
246,948
24,176
82,937
(42,174)
271,124
(187,745)
83,379
83,379
83,379

Approved by the trustees and signed on their behalf by:

Syed Ahmed Tariq Mir Chair of Trustees

27 April 2026

Page 7

THE SOCIETY FOR THE UNWELL AND NEEDY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1. 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 applicable in the UK and Ireland Charities SORP (FRS 102) Issued in July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) 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 reliably.

1.3 Resources Expended

Liabilities are recognised as soon as there is a legal or constructive 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 activities.

1.4 Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided to write off cost of the asset over its expected useful life. The following rates apply:-

1.5 Fixed 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 Financial 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 Taxation

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 2025

2. Income from Investment Property
Rental Income
3. Charitable Activities
Donations
4. Governance Costs
Rent Payable
Repairs and Maintenance
Agent's Commission
Independent Examination
Print, Postage and Stationery
Loan Interest
Bank Charges
5. Other Resources Expended
IT and Website Expenses
Insurance
General Expenses
Depreciation on Fixtures & Equipment		 Unrestricted
Funds
£
32,730
32,730
Unrestricted
Funds
£
34,200
34,200
Unrestricted
Funds
£
1,282
90
2,417
1,250
-
4,694
93
9,826
Unrestricted
Funds
£
972
1,073
138
600
2,783		 Total Funds
2025
£
32,730
32,730
Total Funds
2025
£
34,200
34,200
Total Funds
2025
£
1,282
90
2,417
1,250
-
4,694
93
9,826
Total Funds
2025
£
972
1,073
138
600
2,783		 Total Funds
2024
£
33,250
33,250
Total Funds
2024
£
10,650
10,650
Total Funds
2024
£
1,281
2,629
2,004
1,200
232
4,694
165
12,205
Total Funds
2024
£
-
1,077
81
600
1,758

Page 9

THE SOCIETY FOR THE UNWELL AND NEEDY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

6. Tangible Fixed Assets
Cost
At 1 January 2025
Depreciation
At 1 January 2025
Charge for Year
At 31 December 2024
Net Book Values
At 31 December 2025
At 31 December 2024
7. Fixed Asset Investments - Investment Properties
Cost
At 1 January 2025 and
31 December 2025
8. Debtors
Prepayments
9. Creditors: Amounts falling due
within one year
Trade Creditors
Accruals		 £
3,000
2,280
600
2,880
120
720
£
246,228
2025
£
-
-
2025
£
3,375
38,799
42,174		 Total
£
3,000
2,280
600
2,880
120
720
Total
£
246,228
2024
£
-
-
2024
£
3,375
34,055
37,430

Page 10

THE SOCIETY FOR THE UNWELL AND NEEDY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

10. Creditors: Amounts falling due 2025 2024
after more than one year £ £
Loan 187,745 187,745

The loan was received from MQM during 2009 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. Unrestricted Funds

11. Unrestricted Funds
Balance Brought Forward
Add: Incoming Resources
Less: Outgoing Resources
Total Unrestricted Funds		 2025
2024
£
£
83,379
74,194
62,796
33,798
146,175
107,992
(46,809)
(24,613)
99,366
83,379

Page 11