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
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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**|| **TAR** March **2012** 1 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** **TAR** March **2012** 2 DocuSign Envelope ID: 2B28B2DE-6B3C-4E39-8D8C-9FD4800FEA60 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.| ## **Additional details of objectives and activities (Optional information)** **TAR** March **2012** 3 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 **TAR** March **2012** 4 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 **TAR** March **2012** 5 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 **TAR** March **2012** 6 DocuSign Envelope ID: 2B28B2DE-6B3C-4E39-8D8C-9FD4800FEA60 Section D Achievements and performance **TAR** March **2012** 7 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 **TAR** March **2012** 8 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
**----- End of picture text -----**
## **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) 2 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.