2020-12-31-accounts - Fair Chance Foundation

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DocuSign Envelope ID: 2B28B2DE-6B3C-4E39-8D8C-9FD4800FEA60

Trustees' Annual Report for the period

	Period start date	Period start date			Period end date	Period end date
	01	01	2020		31	12	2020
From				To

Section A Reference and administration details

Charity name Other names charity is known by Registered charity number (if any) 1171316

Fair Chance Foundation

Charity's principal address CP House, 97-107 Uxbridge Road London W5 5TL

Names of the charity trustees who manage the charity

	1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee(if any)
		Sumir Karayi - Chairman
		Corrie Karayi (née Pope)– Director
		William Edmondson - Treasurer

















		Names of the trustees for the charity, if any, (for example, any custodian trustees)
		Name		Dates acted if not for whole year

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DocuSign Envelope ID: 2B28B2DE-6B3C-4E39-8D8C-9FD4800FEA60

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Constitution – 10[th] January 2017 Type of governing document (eg. trust deed, constitution) CIO How the charity is constituted

(eg. trust, association, company)

Appointed by a resolution passed at a properly convened meeting of the Trustee selection methods charity trustees. (eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

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To advance the education of children and young adults in developing countries, in particular but not exclusively by:

Summary of the objects of the charity set out in its governing document

 Researching attitudes towards education as a means to end poverty and gender bias and publishing the useful results;  Developing interventions;  Formally researching and publishing interventions and outcomes;  Developing guides and promoting the research to help policy makers make informed choices about which interventions are likely to have most impact; and

 Providing direct support for education to children and young adults. With a view to relieving poverty and improving their life chances.

	To advance the education of children and young adults in developing countries, in particular but not exclusively by: Researching attitudes towards education as a means to end poverty and gender bias and publishing the useful results; Developing interventions; Formally researching and publishing interventions and outcomes; Developing guides and promoting the research to help policy makers make informed choices about which interventions are likely to have most impact; and Providing direct support for education to children and young adults. With a view to relieving poverty and improving their life chances.
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)	Fund a five-year action research project Fair Chance Foundation has funded a five-year action research project (starting in 2017) that seeks to determine the gendered factors that contribute to educational success for young people in Haryana, India. Haryana experiences significant gender-based practices that affect the ability of young people to access and remain within the education system, and to progress into higher education. The project therefore focusses on gendered social relations and gender differences in choices, obstacles and opportunities for young people as they progress through the education system, and ultimately intends to devise interventions that can bring about positive social change. The project design has been developed in collaboration with the University of Warwick and a core group of Indian partners. In addition, the project incorporates two fully-funded doctorates, contributing to capacity building in Indian higher education. Fund children’s education Fair Chance Foundation also funds the education of the children at the Manav Mandir Ashram Orphanage in New Delhi, India, which provides a home for destitute children. Pay for the children to attend private school Pay for tutors after school Pay for the higher education (College Fees, Mess fees & Hostel fees) of several young adults The trustees have taken the Charity Commission’s public benefit guidance into account by reviewing it when planning activities for the year.

To advance the education of children and young adults in developing
countries, in particular but not exclusively by:
Researching attitudes towards education as a means to end
poverty and gender bias and publishing the useful results;
Developing interventions;
Formally researching and publishing interventions and outcomes;
Developing guides and promoting the research to help policy
makers make informed choices about which interventions are
likely to have most impact; and
Providing direct support for education to children and young adults.
With a view to relieving poverty and improving their life chances.

Summary of the main
activities undertaken for the
public benefit in relation to
these objects (include within
this section the statutory
declaration that trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit)

Fund a five-year action research project
Fair Chance Foundation has funded a five-year action research project
(starting in 2017) that seeks to determine the gendered factors that
contribute to educational success for young people in Haryana, India.
Haryana experiences significant gender-based practices that affect the
ability of young people to access and remain within the education
system, and to progress into higher education. The project therefore
focusses on gendered social relations and gender differences in choices,
obstacles and opportunities for young people as they progress through
the education system, and ultimately intends to devise interventions that
can bring about positive social change.
The project design has been developed in collaboration with the
University of Warwick and a core group of Indian partners. In addition,
the project incorporates two fully-funded doctorates, contributing to
capacity building in Indian higher education.
Fund children’s education
Fair Chance Foundation also funds the education of the children at the
Manav Mandir Ashram Orphanage in New Delhi, India, which provides a
home for destitute children.
Pay for the children to attend private school
Pay for tutors after school
Pay for the higher education (College Fees, Mess fees & Hostel
fees) of several young adults
The trustees have taken the Charity Commission’s public benefit
guidance into account by reviewing it when planning activities for the
year.

Additional details of objectives and activities (Optional information)

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DocuSign Envelope ID: 2B28B2DE-6B3C-4E39-8D8C-9FD4800FEA60

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

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DocuSign Envelope ID: 2B28B2DE-6B3C-4E39-8D8C-9FD4800FEA60

Section D Achievements and performance Summary of the main Action research project achievements of the charity during the year The first phases of the project focused on collecting information about the obstacles young women and men face in accessing higher education in Haryana and ‘testing’ a possible way of addressing these through outreach events organised at government colleges. The team have planned the ways in which they are going to share the results and their draft recommendations with those who have contributed to the project and with those who are in a position to make a difference. The project partners and collaborators in India are key to this. The project has been built around an ethos of mutual collaboration and broad participation with our Indian partners. Now the focus moves to them. They are the ones who, on the basis of our project, will make change happen within the wider policy worlds. Much of 2020 was spent planning the project impact and dissemination for 2021 which will include:  A research-focused conference at TISS Mumbai  A policy-focused event potentially at NIEPA in Delhi  A Haryana specific event to be hosted by one of our project contacts. Manav Mandir Ashram Orphanage 2020 was a very challenging year due to the pandemic. Here are some ways in which we supported the children at the ashram. Academics We enrolled 2 young adults into Higher Education after successful completion of school. One gained admission into the prestigious Delhi University and has enrolled onto a Bachelor’s of Art degree and another gained admission onto a Diploma in Pharmacy at DIPSAR (Delhi Institute of Pharmaceutical Sciences and Research). Employment opportunity One of the young adults completed his training programme at HCL and has subsequently been employed as a Software Engineer. He is simultaneously pursuing a BCA from Sastra University. FCF funded his training and continue to fund his BCA. Mentoring programme We continued to run a mentoring programme for the older children (classes 11 and 12) to help guide them in their future career choices and preparation for university. English Language Development Apart from the regular English and Maths & Science tutors to help with academics, we continue to employ an additional English tutor to focus on the children’s conversational English and communication skills. Medical assistance We renewed the medical insurance for all the ashram children and organised an annual health check-up for each child followed by a health consultation by a doctor. We also arranged for all the children to receive the Flu vaccine. One of the ashram young adults met with a severe accident in September 2020 and the insurance allowed for his surgery and hospitalisation to be covered. Also one of the ashram children was

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DocuSign Envelope ID: 2B28B2DE-6B3C-4E39-8D8C-9FD4800FEA60

diagnosed with psychosis and we paid for him to be treated by a psychiatrist.

Internet Connection

Due to the pandemic, the school had to switch to online teaching. The ashram didn’t have adequate bandwidth so FCF sponsored a separate internet connection for the ashram children so that the online studies were not interrupted.

Fundraising:

Corporate donations from 1E Ltd
1E employee donations
AmazonSmile donations

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DocuSign Envelope ID: 2B28B2DE-6B3C-4E39-8D8C-9FD4800FEA60

Section D Achievements and performance

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DocuSign Envelope ID: 2B28B2DE-6B3C-4E39-8D8C-9FD4800FEA60

Section E Financial review

Brief statement of the charity’s policy on reserves

The Fair Chance Foundation is funded primarily with donations from 1E Limited who have committed to always ensure that sufficient funding is available to meet the Foundation’s liabilities therefore there is no requirement for the charity to have a reserves policy.

Details of any funds materially in deficit

None

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;

The Fair Chance Foundation’s main source of income is donations from 1E Limited, a software company controlled by Sumir Karayi, one of the Fair Chance Foundation’s trustees.

Fundraising events are also held such as auctions to supplement the donations.

The Charity’s operating expenses are minimal and all funds are distributed to causes supported by the Fair Chance Foundation as outlined above.

investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

William Edmondson Full name(s) Corrie Karayi (née Pope) Position (eg Secretary, Chair, Director Treasurer etc) Date 27 October 2021 | 18:13 BST

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DocuSign Envelope ID: 2B28B2DE-6B3C-4E39-8D8C-9FD4800FEA60

----- Start of picture text -----
Fair Chance Foundation No (if any)
1171316
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 01/01/2020 31/12/2020
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Donations 56,488 - - 56,488 54,068
Fundraising Events - - - 870
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
56,488 - - 56,488 54,938
AR)
A2 Asset and investment sales,
(see table).
- - -
- - - - -
Sub total - - - - -
Total receipts 56,488 - - 56,488 54,938
A3 Payments
Charitable Disbursements 53,741 - - 53,741 53,878
Charity Expense 51 - - 51 51
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 53,792 ] - - 53,792 53,929
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 53,792 - - 53,792 53,929
Net of receipts/(payments) 2,696 - - 2,696 1,009
A5 Transfers between funds - - - - -
A6 Cash funds last year end 3,242 - - 3,242 2,233
Cash funds this year end 5,938 - - 5,938 3,242
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Section B Statement of assets and liabilities at the end of the period

Categories B1 Cash funds CCXX R1 accounts (SS)	Details Bank Balance 31/12/2020 1	Unrestricted funds to nearest £ 5,938 - -	Restricted funds Endowment funds to nearest £ to nearest £ - - - - - - 27/10/2021

DocuSign Envelope ID: 2B28B2DE-6B3C-4E39-8D8C-9FD4800FEA60

Signed by one or two trustees on behalf of all the trustees B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities	(agree balances with receipts and payments account(s)) *Total cash funds* Details Details Details Details Signature	5,938 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name WS Edmondson Corrie Pope

27/10/2021

CCXX R2 accounts (SS)

Independent examlnerfs report to the trustees of Falr Chance Foundation I report to the trustees on my examination of the accounts of Fair Chance Foundation (the Foundationl for the year ended 31 December 2020. Responslbilltles and basls of report As the charity trustees ot the Foundation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Foundation's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect= l. accounting records were not kept In respect of the Foundation as required by section 130 of the Act,. or 2. the accounts do not accord with those records. 3. the accounts do not comply with the applicable requirement5 concerning the form and content of accounts set out in the Charities (accounts and reportsl regulations 2(X)8 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. signed.., Name- Hazel Day BSC FCA DChA Address.. Tudor John Limited. Ni8htin8ale House, 46-48 East Street, Epsom. Surrey KT17 IHQ Date: 2 Odober 2021.